Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2015 | Apr. 30, 2015 | |
Document And Entity Information | ||
Entity Registrant Name | SUMMIT FINANCIAL GROUP INC | |
Entity Central Index Key | 811808 | |
Current Fiscal Year End Date | -19 | |
Entity Filer Category | Smaller Reporting Company | |
Document Type | 10-Q | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | FALSE | |
Entity Common Stock, Shares Outstanding | 10,586,242 |
Consolidated_Balance_Sheets_un
Consolidated Balance Sheets (unaudited) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | |
In Thousands, unless otherwise specified | ||||
ASSETS | ||||
Cash and due from banks | $3,850 | $3,728 | [1] | $3,827 |
Interest bearing deposits with other banks | 8,437 | 8,782 | [1] | 13,424 |
Cash and cash equivalents | 12,287 | 12,510 | [1] | 17,251 |
Securities available for sale | 282,135 | 282,834 | [1] | 281,865 |
Other investments | 7,247 | 6,183 | [1] | 6,610 |
Loans held for sale, net | 85 | 527 | [1] | 0 |
Loans, net | 1,039,669 | 1,019,842 | [1] | 962,714 |
Property held for sale | 34,368 | 37,529 | [1] | 52,241 |
Premises and equipment, net | 20,208 | 20,060 | [1] | 20,457 |
Accrued interest receivable | 5,564 | 5,838 | [1] | 5,410 |
Intangible assets | 7,648 | 7,698 | [1] | 7,861 |
Cash surrender value of life insurance policies | 36,961 | 36,700 | [1] | 35,881 |
Other assets | 14,320 | 13,847 | [1] | 15,827 |
Total assets | 1,460,492 | 1,443,568 | [1] | 1,406,117 |
Deposits | ||||
Non interest bearing | 117,049 | 115,427 | [1] | 99,445 |
Interest bearing | 941,259 | 945,887 | [1] | 953,185 |
Total deposits | 1,058,308 | 1,061,314 | [1] | 1,052,630 |
Short-term borrowings | 148,985 | 123,633 | [1] | 68,974 |
Long-term borrowings | 77,013 | 77,490 | [1] | 123,492 |
Subordinated debentures | 5,000 | 16,800 | [1] | 16,800 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | [1] | 19,589 |
Other liabilities | 15,708 | 13,098 | [1] | 10,105 |
Total liabilities | 1,324,603 | 1,311,924 | [1] | 1,291,590 |
Commitments and Contingencies | [1] | |||
Shareholders' Equity | ||||
Common stock and related surplus - authorized 20,000,000 shares; $2.50 par value; issued and outstanding 2015 - 10,586,242 shares, December 2014 - 8,301,746 shares, and March 2014 - 7,457,222 shares | 43,072 | 32,670 | [1] | 24,691 |
Retained earnings | 91,176 | 87,719 | [1] | 79,330 |
Accumulated other comprehensive income | 1,641 | 2,072 | [1] | 1,223 |
Total shareholders' equity | 135,889 | 131,644 | [1] | 114,527 |
Total liabilities and shareholders' equity | 1,460,492 | 1,443,568 | [1] | 1,406,117 |
Series 2009 Preferred Stock [Member] | ||||
Shareholders' Equity | ||||
Preferred stock and related surplus - authorized 250,000 shares; Series 2009, 8% Non-cumulative convertible preferred stock, par value $1.00; issued December 2014 - 3,610 shares, and March 2014 - 3,710 shares and Series 2011, 8% Non-cumulative convertible preferred stock, par value $1.00; issued December 2014 - 11,914 shares, and March 2014 - 11,914 shares | 0 | 3,419 | [1] | 3,519 |
Series 2011 Preferred Stock [Member] | ||||
Shareholders' Equity | ||||
Preferred stock and related surplus - authorized 250,000 shares; Series 2009, 8% Non-cumulative convertible preferred stock, par value $1.00; issued December 2014 - 3,610 shares, and March 2014 - 3,710 shares and Series 2011, 8% Non-cumulative convertible preferred stock, par value $1.00; issued December 2014 - 11,914 shares, and March 2014 - 11,914 shares | $0 | $5,764 | [1] | $5,764 |
[1] | December 31, 2014 financial information has been extracted from audited consolidated financial statements |
Consolidated_Balance_Sheets_un1
Consolidated Balance Sheets (unaudited) (Parenthetical) (USD $) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Common stock, par value (in dollars per share) | $2.50 | $2.50 | $2.50 |
Common stock, shares authorized | 20,000,000 | 20,000,000 | 20,000,000 |
Common stock, shares issued | 10,586,242 | 7,457,222 | 8,301,746 |
Common stock, shares outstanding | 10,586,242 | 7,457,222 | 8,301,746 |
Preferred stock, shares authorized | 0 | 250,000 | 250,000 |
Series 2009 Preferred Stock [Member] | |||
Preferred stock, par value (in dollars per share) | $0 | $1 | $1 |
Preferred stock, shares issued | 0 | 3,610 | 3,710 |
Preferred stock, dividend rate, percentage | 0.00% | 8.00% | 8.00% |
Series 2011 Preferred Stock [Member] | |||
Preferred stock, par value (in dollars per share) | $0 | $1 | $1 |
Preferred stock, shares issued | 0 | 11,914 | 11,914 |
Preferred stock, dividend rate, percentage | 0.00% | 8.00% | 8.00% |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (unaudited) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Interest and fees on loans | ||
Taxable | $12,733 | $12,145 |
Tax-exempt | 115 | 71 |
Interest and dividends on securities | ||
Taxable | 1,282 | 1,282 |
Tax-exempt | 612 | 570 |
Interest on interest bearing deposits with other banks | 1 | 2 |
Total interest income | 14,743 | 14,070 |
Interest expense | ||
Interest on deposits | 2,071 | 2,241 |
Interest on short-term borrowings | 112 | 53 |
Interest on long-term borrowings and subordinated debentures | 1,040 | 1,738 |
Total interest expense | 3,223 | 4,032 |
Net interest income | 11,520 | 10,038 |
Provision for loan losses | 250 | 1,000 |
Net interest income after provision for loan losses | 11,270 | 9,038 |
Other income | ||
Insurance commissions | 1,128 | 1,181 |
Service fees related to deposit accounts | 976 | 1,043 |
Realized securities gains (losses) | 480 | -22 |
Bank owned life insurance income | 261 | 270 |
Other | 294 | 311 |
Total other income | 3,139 | 2,783 |
Other expense | ||
Salaries, commissions, and employee benefits | 4,187 | 3,980 |
Net occupancy expense | 499 | 541 |
Equipment expense | 535 | 566 |
Professional fees | 335 | 316 |
Amortization of intangibles | 50 | 88 |
FDIC premiums | 330 | 502 |
Foreclosed properties expense | 208 | 254 |
Loss on sale of foreclosed properties | 150 | 75 |
Write-down of foreclosed properties | 572 | 928 |
Other | 1,338 | 1,248 |
Total other expense | 8,204 | 8,498 |
Income before income taxes | 6,205 | 3,323 |
Income tax expense | 1,920 | 934 |
Net Income | 4,285 | 2,389 |
Dividends on preferred shares | 0 | 193 |
Net income (loss) applicable to common shares | $4,285 | $2,196 |
Basic earnings per common share | $0.49 | $0.29 |
Diluted earnings per common share | $0.41 | $0.25 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Statement of Comprehensive Income [Abstract] | ||
Net income | $4,285 | $2,389 |
Other comprehensive income (loss): | ||
Net unrealized (loss) on cashflow hedge of: 2015 - ($1,412), net of deferred taxes of ($522); 2014 - ($1,211), net of deferred taxes of ($448) | -890 | -763 |
Net unrealized gain on available for sale debt securities of: 2015 - $729, net of deferred taxes of $270 and reclassification adjustment for net realized gains included in net income of $480; 2014 - $3,186, net of deferred taxes of $1,179 and reclassification adjustment for net realized (losses) included in net income of ($22) | 459 | 2,007 |
Total comprehensive income | $3,854 | $3,633 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Statement of Comprehensive Income [Abstract] | ||
Net unrealized (loss) on cashflow hedge | ($1,412) | ($1,211) |
Net unrealized (loss) on cashflow hedge, deferred tax | -522 | -448 |
Net unrealized gain (loss) on available for sale debt securities | 729 | 3,186 |
Net unrealized gain (loss) on available for sale debt securities, deferred taxes | 270 | 1,179 |
Net unrealized gain on available for sale debt securities, reclassification adjustment for net realized gains (losses) included in net income | $480 | ($22) |
Consolidated_Statements_of_Sha
Consolidated Statements of Shareholders' Equity (unaudited) (USD $) | Total | Common Stock and Related Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] | Series 2009 Preferred Stock [Member] | Series 2009 Preferred Stock [Member] | Series 2009 Preferred Stock [Member] | Series 2011 Preferred Stock [Member] | Series 2011 Preferred Stock [Member] | Series 2011 Preferred Stock [Member] | |
In Thousands, unless otherwise specified | Preferred Stock [Member] | Common Stock and Related Surplus [Member] | Preferred Stock [Member] | Common Stock and Related Surplus [Member] | |||||||
Beginning Balance at Dec. 31, 2013 | $111,072 | $24,664 | $77,134 | ($21) | $3,519 | $5,776 | |||||
Comprehensive income: | |||||||||||
Net income | 2,389 | 2,389 | |||||||||
Other comprehensive (loss) | 1,244 | 1,244 | |||||||||
Total comprehensive income | 3,633 | ||||||||||
Conversion of Preferred Stock to Common Stock | 12 | -12 | |||||||||
Exercise of stock options | 15 | 15 | |||||||||
Series 2009 Preferred Stock cash dividends declared ($20.00 per share) | -74 | -74 | |||||||||
Series 2011 Preferred Stock cash dividends declared ($10.00 per share) | -119 | -119 | |||||||||
Ending Balance at Mar. 31, 2014 | 114,527 | 24,691 | 79,330 | 1,223 | 3,519 | 5,764 | |||||
Beginning Balance at Dec. 31, 2014 | 131,644 | [1] | 32,670 | 87,719 | 2,072 | 3,419 | 5,764 | ||||
Comprehensive income: | |||||||||||
Net income | 4,285 | 4,285 | |||||||||
Other comprehensive (loss) | -431 | -431 | |||||||||
Total comprehensive income | 3,854 | ||||||||||
Conversion of Preferred Stock to Common Stock | -6 | -3,419 | 3,413 | -7 | -5,764 | 5,757 | |||||
Issuance of 237,753 shares of Common Stock | 2,298 | 2,298 | |||||||||
Retirement of 100,000 shares of Common Stock | -1,080 | -1,080 | |||||||||
Reinvested dividends | 0 | 14 | -14 | ||||||||
Common Stock cash dividends declared ($0.08 per share) | -814 | -814 | |||||||||
Ending Balance at Mar. 31, 2015 | $135,889 | $43,072 | $91,176 | $1,641 | $0 | $0 | |||||
[1] | December 31, 2014 financial information has been extracted from audited consolidated financial statements |
Consolidated_Statements_of_Sha1
Consolidated Statements of Shareholders' Equity (unaudited) (Parenthetical) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Number of common shares issued | 237,753 | |
Number of common shares retired | 100,000 | |
Common stock, dividends per share | $0.08 | |
Series 2009 Preferred Stock [Member] | ||
Preferred stock, dividends per share | $20 | |
Series 2011 Preferred Stock [Member] | ||
Preferred stock, dividends per share | $10 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (unaudited) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | |
Cash Flows from Operating Activities | |||
Net income | $4,285 | $2,389 | |
Adjustments to reconcile net earnings to net cash | |||
Depreciation | 260 | 277 | |
Provision for loan losses | 250 | 1,000 | |
Deferred income tax (benefit) expense | 81 | -144 | |
Loans originated for sale | -536 | -124 | |
Proceeds from loans sold | 978 | 445 | |
Securities (gains) losses | -480 | 22 | |
Loss on disposal of assets | 152 | 75 | |
Write down of foreclosed properties | 572 | 928 | |
Amortization of securities premiums (accretion of discounts), net | 1,252 | 1,214 | |
Amortization of intangibles, net | 53 | 91 | |
Decrease in accrued interest receivable | 274 | 259 | |
Increase in cash surrender value of bank owned life insurance | -261 | -270 | |
Increase in other assets | -746 | -76 | |
Increase in other liabilities | 1,420 | 1,028 | |
Net cash provided by operating activities | 7,554 | 7,114 | |
Cash Flows from Investing Activities | |||
Proceeds from maturities and calls of securities available for sale | 365 | 2,051 | |
Proceeds from sales of securities available for sale | 26,835 | 18,157 | |
Principal payments received on securities available for sale | 8,621 | 8,782 | |
Purchases of securities available for sale | -35,166 | -20,122 | |
Purchases of other investments | -2,736 | -692 | |
Proceeds from sales & redemptions of other investments | 1,671 | 1,897 | |
Net principal payments received on loans | -20,822 | -27,942 | |
Purchases of premises and equipment | -409 | -110 | |
Proceeds from sales of other repossessed assets & property held for sale | 3,595 | 1,514 | |
Net cash (used in) investing activities | -18,046 | -16,465 | |
Cash Flows from Financing Activities | |||
Net increase (decrease) in demand deposit, NOW and savings accounts | -1,706 | 51,336 | |
Net decrease in time deposits | -1,313 | -2,518 | |
Net increase in short-term borrowings | 25,352 | 6,205 | |
Repayment of long-term borrowings | -477 | -40,024 | |
Repayment of subordinated debt | -11,800 | 0 | |
Net proceeds from issuance of common stock | 2,298 | 0 | |
Retirement of common stock | -1,080 | 0 | |
Exercise of stock options | 0 | 15 | |
Dividends paid on common stock | -814 | 0 | |
Dividends paid on preferred stock | -191 | -194 | |
Net cash provided by financing activities | 10,269 | 14,820 | |
Increase (decrease) in cash and cash equivalents | -223 | 5,469 | |
Cash and cash equivalents: | |||
Beginning | 12,510 | [1] | 11,782 |
Ending | 12,287 | 17,251 | |
Cash payments for: | |||
Interest | 3,242 | 4,272 | |
Income taxes | 128 | 0 | |
Supplemental Schedule of Noncash Investing and Financing Activities | |||
Other assets acquired in settlement of loans | $714 | $1,297 | |
[1] | December 31, 2014 financial information has been extracted from audited consolidated financial statements |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | BASIS OF PRESENTATION |
We, Summit Financial Group, Inc. and subsidiaries, prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America for interim financial information and with instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for annual year end financial statements. In our opinion, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature. | |
The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates. | |
The results of operations for the quarter ended March 31, 2015 are not necessarily indicative of the results to be expected for the full year. The consolidated financial statements and notes included herein should be read in conjunction with our 2014 audited financial statements and Annual Report on Form 10-K. Certain accounts in the consolidated financial statements for December 31, 2014 and March 31, 2014, as previously presented, have been reclassified to conform to current year classifications. |
Significant_New_Authoritative_
Significant New Authoritative Accounting Guidance | 3 Months Ended |
Mar. 31, 2015 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Significant New Authoritative Accounting Guidance | SIGNIFICANT NEW AUTHORITATIVE ACCOUNTING GUIDANCE |
ASU 2014-1, Investments (Topic 323) - Accounting for Investments in Affordable Housing Projects revises the necessary criteria that need to be met in order for an entity to account for investments in affordable housing projects net of the provision for income taxes. It also changes the method of recognition from an effective amortization approach to a proportional amortization approach. Additional disclosures were also set forth in this update. ASU 2014-1 was effective for us on January 1, 2015 and did not have a significant impact on our financial statements. | |
ASU 2014-4, Receivables (Topic 310) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure clarifies that an in substance repossession or foreclosure occurs upon either the creditor obtaining legal title to the residential real estate property or the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. ASU 2014-4 was effective for us on January 1, 2015 and did not have a significant impact on our financial statements. | |
ASU 2014-11, Transfers and Servicing (Topic 860) - Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures requires that repurchase-to-maturity transactions be accounted for as secured borrowings consistent with the accounting for other repurchase agreements. In addition, ASU 2014-11 requires separate accounting for repurchase financings, which entails the transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty. ASU 2014-11 requires entities to disclose certain information about transfers accounted for as sales in transactions that are economically similar to repurchase agreements. In addition, ASU 2014-11 requires disclosures related to collateral, remaining contractual tenor and of the potential risks associated with repurchase agreements, securities lending transactions and repurchase-to-maturity transactions. ASU 2014-11 was effective for us on January 1, 2015 and did not have a significant impact on our financial statements. | |
ASU 2015-01, Income Statement - Extraordinary and Unusual Items (Subtopic 225-20) - Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items eliminates from U.S. GAAP the concept of extraordinary items, which, among other things, required an entity to segregate extraordinary items considered to be unusual and infrequent from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations. ASU 2015-01 is effective for us beginning January 1, 2016, though early adoption is permitted, and is not expected to have a significant impact on our financial statements. | |
ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) - Simplifying the Presentation of Debt Issuance Costs specifies that debt issuance costs related to a recognized liability are to be reported in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. ASU 2015-03 is effective for years beginning after December 31, 2015 and is not expected to have a material impact on our financial statements. |
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||
Fair Value Measurements | FAIR VALUE MEASUREMENTS | ||||||||||||||||
ASC Topic 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value. | |||||||||||||||||
Level 1:Quoted prices (unadjusted) or identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. | |||||||||||||||||
Level 2:Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data. | |||||||||||||||||
Level 3:Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. | |||||||||||||||||
Accordingly, securities available-for-sale are recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record other assets at fair value on a nonrecurring basis, such as loans held for sale, and impaired loans held for investment. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. | |||||||||||||||||
Following is a description of valuation methodologies used for assets and liabilities recorded at fair value. | |||||||||||||||||
Available-for-Sale Securities: Investment securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. | |||||||||||||||||
Derivative Financial Instruments: Derivative financial instruments are recorded at fair value on a recurring basis. Fair value measurement is based on pricing models run by a third-party, utilizing observable market-based inputs. All future floating cash flows are projected and both floating and fixed cash flows are discounted to the valuation date. As a result, we classify interest rate swaps as Level 2. | |||||||||||||||||
Loans Held for Sale: Loans held for sale are carried at the lower of cost or market value. The fair value of loans held for sale is based on what secondary markets are currently offering for portfolios with similar characteristics. As such, we classify loans subject to nonrecurring fair value adjustments as Level 2. | |||||||||||||||||
Loans: We do not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan loss is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the original contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment in accordance with ASC Topic 310, Accounting by Creditors for Impairment of a Loan. The fair value of impaired loans is estimated using one of several methods, including collateral value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the discounted cash flows or collateral value exceeds the recorded investments in such loans. These loans are carried at recorded loan investment, and therefore are not included in the following tables of loans measured at fair value. Impaired loans internally graded as substandard, doubtful, or loss are evaluated using the fair value of collateral method. All other impaired loans are measured for impairment using the discounted cash flows method. In accordance with ASC Topic 310, impaired loans where an allowance is established based on the fair value of collateral requires classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, we record the impaired loan as nonrecurring Level 2. When a current appraised value is not available and there is no observable market price, we record the impaired loan as nonrecurring Level 3. | |||||||||||||||||
When impaired loans are deemed required to be included in the fair value hierarchy, management immediately begins the process of evaluating the estimated fair value of the underlying collateral to determine if a related specific allowance for loan losses or charge-off is necessary. Current appraisals are ordered once a loan is deemed impaired if the existing appraisal is more than twelve months old, or more frequently if there is known deterioration in value. For recently identified impaired loans, a current appraisal may not be available at the financial statement date. Until the current appraisal is obtained, the original appraised value is discounted, as appropriate, to compensate for the estimated depreciation in the value of the loan’s underlying collateral since the date of the original appraisal. Such discounts are generally estimated based upon management’s knowledge of sales of similar collateral within the applicable market area and its knowledge of other real estate market-related data as well as general economic trends. When a new appraisal is received (which generally are received within 3 months of a | |||||||||||||||||
loan being identified as impaired), management then re-evaluates the fair value of the collateral and adjusts any specific allocated allowance for loan losses, as appropriate. In addition, management also assigns a discount of 7–10% for the estimated costs to sell the collateral. | |||||||||||||||||
Foreclosed properties: Foreclosed properties consists of real estate acquired in foreclosure or other settlement of loans. Such assets are carried on the balance sheet at the lower of the investment in the real estate or its fair value less estimated selling costs. The fair value of foreclosed properties is determined on a nonrecurring basis generally utilizing current appraisals performed by an independent, licensed appraiser applying an income or market value approach using observable market data (Level 2). Updated appraisals of foreclosed properties are generally obtained if the existing appraisal is more than 18 months old or more frequently if there is a known deterioration in value. However, if a current appraisal is not available, the original appraised value is discounted, as appropriate, to compensate for the estimated depreciation in the value of the real estate since the date of its original appraisal. Such discounts are generally estimated based upon management’s knowledge of sales of similar property within the applicable market area and its knowledge of other real estate market-related data as well as general economic trends (Level 3). Upon foreclosure, any fair value adjustment is charged against the allowance for loan losses. Subsequent fair value adjustments are recorded in the period incurred and included in other noninterest expense in the consolidated statements of income. | |||||||||||||||||
Assets and Liabilities Recorded at Fair Value on a Recurring Basis | |||||||||||||||||
The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis. | |||||||||||||||||
Balance at | Fair Value Measurements Using: | ||||||||||||||||
Dollars in thousands | March 31, 2015 | Level 1 | Level 2 | Level 3 | |||||||||||||
Available for sale securities | |||||||||||||||||
U.S. Government sponsored agencies | $ | 22,837 | $ | — | $ | 22,837 | $ | — | |||||||||
Mortgage backed securities: | |||||||||||||||||
Government sponsored agencies | 156,815 | — | 156,815 | — | |||||||||||||
Nongovernment sponsored entities | 11,068 | — | 11,068 | — | |||||||||||||
State and political subdivisions | 8,470 | — | 8,470 | — | |||||||||||||
Corporate debt securities | 6,665 | — | 2,876 | 3,789 | |||||||||||||
Other equity securities | 7 | — | 7 | — | |||||||||||||
Tax-exempt state and political subdivisions | 76,273 | — | 76,273 | — | |||||||||||||
Total available for sale securities | $ | 282,135 | $ | — | $ | 278,346 | $ | 3,789 | |||||||||
Derivative financial liabilities | |||||||||||||||||
Interest rate swaps | $ | 4,292 | $ | — | $ | 4,292 | $ | — | |||||||||
Balance at | Fair Value Measurements Using: | ||||||||||||||||
Dollars in thousands | December 31, 2014 | Level 1 | Level 2 | Level 3 | |||||||||||||
Available for sale securities | |||||||||||||||||
U.S. Government sponsored agencies | $ | 23,174 | $ | — | $ | 23,174 | $ | — | |||||||||
Mortgage backed securities: | |||||||||||||||||
Government sponsored agencies | 149,777 | — | 149,777 | — | |||||||||||||
Nongovernment sponsored entities | 12,145 | — | 12,145 | — | |||||||||||||
State and political subdivisions | 8,694 | — | 8,694 | — | |||||||||||||
Corporate debt securities | 3,776 | — | — | 3,776 | |||||||||||||
Other equity securities | 7 | — | 7 | — | |||||||||||||
Tax-exempt state and political subdivisions | 85,261 | — | 85,261 | — | |||||||||||||
Total available for sale securities | $ | 282,834 | $ | — | $ | 279,058 | $ | 3,776 | |||||||||
Derivative financial liabilities | |||||||||||||||||
Interest rate swaps | $ | 2,911 | $ | — | $ | 2,911 | $ | — | |||||||||
Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis | |||||||||||||||||
We may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below. | |||||||||||||||||
Balance at | Fair Value Measurements Using: | ||||||||||||||||
Dollars in thousands | March 31, 2015 | Level 1 | Level 2 | Level 3 | |||||||||||||
Residential mortgage loans held for sale | $ | 85 | $ | — | $ | 85 | $ | — | |||||||||
Collateral-dependent impaired loans | |||||||||||||||||
Commercial | $ | — | $ | — | $ | — | $ | — | |||||||||
Commercial real estate | 170 | — | 170 | — | |||||||||||||
Construction and development | 722 | — | 722 | — | |||||||||||||
Residential real estate | 1,424 | — | 1,424 | — | |||||||||||||
Total collateral-dependent impaired loans | $ | 2,316 | $ | — | $ | 2,316 | $ | — | |||||||||
Foreclosed properties | |||||||||||||||||
Commercial real estate | 2,346 | — | 2,346 | — | |||||||||||||
Construction and development | 20,198 | — | 20,124 | 74 | |||||||||||||
Residential real estate | 1,669 | — | 773 | 896 | |||||||||||||
Total foreclosed properties | $ | 24,213 | $ | — | $ | 23,243 | $ | 970 | |||||||||
Balance at | Fair Value Measurements Using: | ||||||||||||||||
Dollars in thousands | December 31, 2014 | Level 1 | Level 2 | Level 3 | |||||||||||||
Residential mortgage loans held for sale | $ | 527 | $ | — | $ | 527 | $ | — | |||||||||
Collateral-dependent impaired loans | |||||||||||||||||
Commercial | $ | 44 | — | $ | — | $ | 44 | ||||||||||
Commercial real estate | 344 | — | 344 | — | |||||||||||||
Construction and development | 852 | — | 852 | — | |||||||||||||
Residential real estate | 312 | — | 312 | — | |||||||||||||
Total collateral-dependent impaired loans | $ | 1,552 | $ | — | $ | 1,508 | $ | 44 | |||||||||
Foreclosed properties | |||||||||||||||||
Commercial real estate | 3,892 | — | 3,892 | — | |||||||||||||
Construction and development | 20,952 | — | 20,841 | 111 | |||||||||||||
Residential real estate | 2,025 | — | 2,025 | — | |||||||||||||
Total foreclosed properties | $ | 26,869 | $ | — | $ | 26,758 | $ | 111 | |||||||||
ASC Topic 825, Financial Instruments, requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The following summarizes the methods and significant assumptions we used in estimating our fair value disclosures for financial instruments. | |||||||||||||||||
Cash and cash equivalents: The carrying values of cash and cash equivalents approximate their estimated fair value. | |||||||||||||||||
Interest bearing deposits with other banks: The carrying values of interest bearing deposits with other banks approximate their estimated fair values. | |||||||||||||||||
Federal funds sold: The carrying values of Federal funds sold approximate their estimated fair values. | |||||||||||||||||
Securities: Estimated fair values of securities are based on quoted market prices, where available. If quoted market prices are not available, estimated fair values are based on quoted market prices of comparable securities. | |||||||||||||||||
Loans held for sale: The carrying values of loans held for sale approximate their estimated fair values. | |||||||||||||||||
Loans: The estimated fair values for loans are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for loans with similar terms to borrowers of similar credit quality. No prepayments of principal are assumed. | |||||||||||||||||
Accrued interest receivable and payable: The carrying values of accrued interest receivable and payable approximate their estimated fair values. | |||||||||||||||||
Deposits: The estimated fair values of demand deposits (i.e. non-interest bearing checking, NOW, money market and savings accounts) and other variable rate deposits approximate their carrying values. Fair values of fixed maturity deposits are estimated using a discounted cash flow methodology at rates currently offered for deposits with similar remaining maturities. Any intangible value of long-term relationships with depositors is not considered in estimating the fair values disclosed. | |||||||||||||||||
Short-term borrowings: The carrying values of short-term borrowings approximate their estimated fair values. | |||||||||||||||||
Long-term borrowings: The fair values of long-term borrowings are estimated by discounting scheduled future payments of principal and interest at current rates available on borrowings with similar terms. | |||||||||||||||||
Subordinated debentures: The carrying values of subordinated debentures approximate their estimated fair values. | |||||||||||||||||
Subordinated debentures owed to unconsolidated subsidiary trusts: The carrying values of subordinated debentures owed to unconsolidated subsidiary trusts approximate their estimated fair values. | |||||||||||||||||
Derivative financial instruments: The fair value of the interest rate swaps is valued using independent pricing models. | |||||||||||||||||
Off-balance sheet instruments: The fair values of commitments to extend credit and standby letters of credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present credit standing of the counter parties. The amounts of fees currently charged on commitments and standby letters of credit are deemed insignificant, and therefore, the estimated fair values and carrying values are not shown below. | |||||||||||||||||
The carrying values and estimated fair values of our financial instruments are summarized below: | |||||||||||||||||
March 31, 2015 | December 31, 2014 | ||||||||||||||||
Dollars in thousands | Carrying | Estimated | Carrying | Estimated | |||||||||||||
Value | Fair | Value | Fair | ||||||||||||||
Value | Value | ||||||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 12,287 | $ | 12,287 | $ | 12,510 | $ | 12,510 | |||||||||
Securities available for sale | 282,135 | 282,135 | 282,834 | 282,834 | |||||||||||||
Other investments | 7,247 | 7,247 | 6,183 | 6,183 | |||||||||||||
Loans held for sale, net | 85 | 85 | 527 | 527 | |||||||||||||
Loans, net | 1,039,669 | 1,054,159 | 1,019,842 | 1,033,890 | |||||||||||||
Accrued interest receivable | 5,564 | 5,564 | 5,838 | 5,838 | |||||||||||||
$ | 1,346,987 | $ | 1,361,477 | $ | 1,327,734 | $ | 1,341,782 | ||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 1,058,308 | $ | 1,075,963 | $ | 1,061,314 | $ | 1,078,406 | |||||||||
Short-term borrowings | 148,985 | 148,985 | 123,633 | 123,633 | |||||||||||||
Long-term borrowings | 77,013 | 84,146 | 77,490 | 84,732 | |||||||||||||
Subordinated debentures | 5,000 | 5,000 | 16,800 | 16,800 | |||||||||||||
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | 19,589 | 19,589 | |||||||||||||
Accrued interest payable | 828 | 828 | 812 | 812 | |||||||||||||
Derivative financial liabilities | 4,292 | 4,292 | 2,911 | 2,911 | |||||||||||||
$ | 1,314,015 | $ | 1,338,803 | $ | 1,302,549 | $ | 1,326,883 | ||||||||||
Earnings_Per_Share
Earnings Per Share | 3 Months Ended | ||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||
Earnings Per Share [Abstract] | |||||||||||||||||||||||
Earnings Per Share | EARNINGS PER SHARE | ||||||||||||||||||||||
The computations of basic and diluted earnings per share follow: | |||||||||||||||||||||||
For the Three Months Ended March 31, | |||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||
Dollars in thousands, | Income | Common | Per | Income | Common | Per | |||||||||||||||||
except per share amounts | (Numerator) | Shares | Share | (Numerator) | Shares | Share | |||||||||||||||||
(Denominator) | (Denominator) | ||||||||||||||||||||||
Net income | $ | 4,285 | $ | 2,389 | |||||||||||||||||||
Less preferred stock dividends | — | (193 | ) | ||||||||||||||||||||
Basic EPS | $ | 4,285 | 8,815,961 | $ | 0.49 | $ | 2,196 | 7,453,370 | $ | 0.29 | |||||||||||||
Effect of dilutive securities: | |||||||||||||||||||||||
Stock options | 8,567 | 9,762 | |||||||||||||||||||||
Series 2011 convertible | — | 1,158,250 | 119 | 1,491,250 | |||||||||||||||||||
preferred stock | |||||||||||||||||||||||
Series 2009 convertible | — | 510,545 | 74 | 674,545 | |||||||||||||||||||
preferred stock | |||||||||||||||||||||||
Diluted EPS | $ | 4,285 | 10,493,323 | $ | 0.41 | $ | 2,389 | 9,628,927 | $ | 0.25 | |||||||||||||
Stock option grants and the convertible preferred shares are disregarded in this computation if they are determined to be anti-dilutive. Our anti-dilutive stock options at March 31, 2015 and 2014 totaled 128,900 shares and 143,000 shares, respectively. |
Securities
Securities | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ||||||||||||||||||||||||
Securities | SECURITIES | |||||||||||||||||||||||
The amortized cost, unrealized gains, unrealized losses and estimated fair values of securities at March 31, 2015, December 31, 2014, and March 31, 2014 are summarized as follows: | ||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
Amortized | Unrealized | Estimated | ||||||||||||||||||||||
Dollars in thousands | Cost | Gains | Losses | Fair Value | ||||||||||||||||||||
Available for Sale | ||||||||||||||||||||||||
Taxable debt securities | ||||||||||||||||||||||||
U.S. Government and agencies and corporations | $ | 21,650 | $ | 1,227 | $ | 40 | $ | 22,837 | ||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||
Government-sponsored agencies | 153,904 | 3,412 | 501 | 156,815 | ||||||||||||||||||||
Nongovernment-sponsored entities | 11,034 | 105 | 71 | 11,068 | ||||||||||||||||||||
State and political subdivisions | ||||||||||||||||||||||||
General obligations | 1,617 | 34 | — | 1,651 | ||||||||||||||||||||
Water and sewer revenues | 1,969 | 21 | — | 1,990 | ||||||||||||||||||||
Lottery/casino revenues | 3,084 | 9 | 28 | 3,065 | ||||||||||||||||||||
Other revenues | 1,697 | 67 | — | 1,764 | ||||||||||||||||||||
Corporate debt securities | 6,675 | — | 10 | 6,665 | ||||||||||||||||||||
Total taxable debt securities | 201,630 | 4,875 | 650 | 205,855 | ||||||||||||||||||||
Tax-exempt debt securities | ||||||||||||||||||||||||
State and political subdivisions | ||||||||||||||||||||||||
General obligations | 47,947 | 2,050 | 136 | 49,861 | ||||||||||||||||||||
Water and sewer revenues | 10,302 | 278 | 1 | 10,579 | ||||||||||||||||||||
Special tax revenues | 2,272 | 53 | — | 2,325 | ||||||||||||||||||||
Lottery/casino revenues | 2,800 | 163 | — | 2,963 | ||||||||||||||||||||
Other revenues | 10,246 | 313 | 14 | 10,545 | ||||||||||||||||||||
Total tax-exempt debt securities | 73,567 | 2,857 | 151 | 76,273 | ||||||||||||||||||||
Equity securities | 7 | — | — | 7 | ||||||||||||||||||||
Total available for sale securities | $ | 275,204 | $ | 7,732 | $ | 801 | $ | 282,135 | ||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||
Amortized | Unrealized | Estimated | ||||||||||||||||||||||
Dollars in thousands | Cost | Gains | Losses | Fair Value | ||||||||||||||||||||
Available for Sale | ||||||||||||||||||||||||
Taxable debt securities | ||||||||||||||||||||||||
U.S. Government and agencies and corporations | $ | 22,153 | $ | 1,073 | $ | 52 | $ | 23,174 | ||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||
Government-sponsored agencies | 147,951 | 2,599 | 773 | 149,777 | ||||||||||||||||||||
Nongovernment-sponsored entities | 12,051 | 142 | 48 | 12,145 | ||||||||||||||||||||
State and political subdivisions | ||||||||||||||||||||||||
General obligations | 1,975 | 2 | 33 | 1,944 | ||||||||||||||||||||
Water and sewer revenues | 1,976 | 14 | 7 | 1,983 | ||||||||||||||||||||
Other revenues | 4,696 | 73 | 2 | 4,767 | ||||||||||||||||||||
Corporate debt securities | 3,776 | — | — | 3,776 | ||||||||||||||||||||
Total taxable debt securities | 194,578 | 3,903 | 915 | 197,566 | ||||||||||||||||||||
Tax-exempt debt securities | ||||||||||||||||||||||||
State and political subdivisions | ||||||||||||||||||||||||
General obligations | 49,515 | 2,338 | 12 | 51,841 | ||||||||||||||||||||
Water and sewer revenues | 11,258 | 244 | 3 | 11,499 | ||||||||||||||||||||
Lease revenues | 4,617 | 75 | 10 | 4,682 | ||||||||||||||||||||
Lottery/casino revenues | 3,811 | 206 | 9 | 4,008 | ||||||||||||||||||||
Other revenues | 12,845 | 404 | 18 | 13,231 | ||||||||||||||||||||
Total tax-exempt debt securities | 82,046 | 3,267 | 52 | 85,261 | ||||||||||||||||||||
Equity securities | 7 | — | — | 7 | ||||||||||||||||||||
Total available for sale securities | $ | 276,631 | $ | 7,170 | $ | 967 | $ | 282,834 | ||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||
Amortized | Unrealized | Estimated | ||||||||||||||||||||||
Dollars in thousands | Cost | Gains | Losses | Fair Value | ||||||||||||||||||||
Available for Sale | ||||||||||||||||||||||||
Taxable debt securities: | ||||||||||||||||||||||||
U.S. Government and agencies and corporations | $ | 27,658 | $ | 736 | $ | 78 | $ | 28,316 | ||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||
Government-sponsored agencies | 142,644 | 2,230 | 1,060 | 143,814 | ||||||||||||||||||||
Nongovernment-sponsored agencies | 10,429 | 377 | 19 | 10,787 | ||||||||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
General obligations | 5,681 | 7 | 209 | 5,479 | ||||||||||||||||||||
Water and sewer revenues | 2,389 | 8 | 60 | 2,337 | ||||||||||||||||||||
Other revenues | 3,021 | — | 106 | 2,915 | ||||||||||||||||||||
Corporate debt securities | 3,977 | 25 | 4 | 3,998 | ||||||||||||||||||||
Total taxable debt securities | 195,799 | 3,383 | 1,536 | 197,646 | ||||||||||||||||||||
Tax-exempt debt securities: | ||||||||||||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
General obligations | 45,761 | 1,109 | 504 | 46,366 | ||||||||||||||||||||
Water and sewer revenues | 14,033 | 64 | 110 | 13,987 | ||||||||||||||||||||
Lease revenues | 9,079 | 47 | 168 | 8,958 | ||||||||||||||||||||
Lottery/casino revenues | 4,428 | 102 | 79 | 4,451 | ||||||||||||||||||||
Other revenues | 10,334 | 115 | 69 | 10,380 | ||||||||||||||||||||
Total tax-exempt debt securities | 83,635 | 1,437 | 930 | 84,142 | ||||||||||||||||||||
Equity securities | 77 | — | — | 77 | ||||||||||||||||||||
Total available for sale securities | $ | 279,511 | $ | 4,820 | $ | 2,466 | $ | 281,865 | ||||||||||||||||
The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our portfolio are located. We own no such securities of any single issuer which we deem to be a concentration. | ||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
Amortized | Unrealized | Estimated | ||||||||||||||||||||||
Dollars in thousands | Cost | Gains | Losses | Fair Value | ||||||||||||||||||||
West Virginia | $ | 13,083 | $ | 314 | $ | 1 | $ | 13,396 | ||||||||||||||||
Illinois | 12,503 | 378 | 26 | 12,855 | ||||||||||||||||||||
California | 10,999 | 527 | 25 | 11,501 | ||||||||||||||||||||
Ohio | 7,621 | 39 | 26 | 7,634 | ||||||||||||||||||||
Washington | 5,845 | 283 | 40 | 6,088 | ||||||||||||||||||||
Management performs pre-purchase and ongoing analysis to confirm that all investment securities meet applicable credit quality standards. Prior to July 1, 2013, we principally used credit ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”) to support analyses of our portfolio of securities issued by state and political subdivisions, as we generally do not purchase securities that are rated below the six highest NRSRO rating categories. Beginning July 1, 2013, in addition to considering a security’s NRSRO rating, we now also assess or confirm through an internal review of an issuer’s financial information and other applicable information that: 1) the issuer’s risk of default is low; 2) the characteristics of the issuer’s demographics and economic environment are satisfactory; and 3) the issuer’s budgetary position and stability of tax or other revenue sources are sound. | ||||||||||||||||||||||||
The maturities, amortized cost and estimated fair values of securities at March 31, 2015, are summarized as follows: | ||||||||||||||||||||||||
Dollars in thousands | Amortized | Estimated | ||||||||||||||||||||||
Cost | Fair Value | |||||||||||||||||||||||
Due in one year or less | $ | 63,900 | $ | 65,018 | ||||||||||||||||||||
Due from one to five years | 98,613 | 100,486 | ||||||||||||||||||||||
Due from five to ten years | 24,470 | 25,230 | ||||||||||||||||||||||
Due after ten years | 88,214 | 91,394 | ||||||||||||||||||||||
Equity securities | 7 | 7 | ||||||||||||||||||||||
$ | 275,204 | $ | 282,135 | |||||||||||||||||||||
The proceeds from sales, calls and maturities of available for sale securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the three months ended March 31, 2015 are as follows: | ||||||||||||||||||||||||
Proceeds from | Gross realized | |||||||||||||||||||||||
Dollars in thousands | Sales | Calls and | Principal | Gains | Losses | |||||||||||||||||||
Maturities | Payments | |||||||||||||||||||||||
Securities available for sale | $ | 26,835 | $ | 365 | $ | 8,621 | $ | 549 | $ | 69 | ||||||||||||||
We held 44 available for sale securities having an unrealized loss at March 31, 2015. We do not intend to sell these securities, and it is more likely than not that we will not be required to sell these securities before recovery of their amortized cost bases. We believe that this decline in value is primarily attributable to the lack of market liquidity and to changes in market interest rates and not due to credit quality. Accordingly, no additional other-than-temporary impairment charge to earnings is warranted at this time. | ||||||||||||||||||||||||
Provided below is a summary of securities available for sale which were in an unrealized loss position at March 31, 2015 and December 31, 2014, including debt securities for which a portion of other-than-temporary impairment has been recognized in other comprehensive income. | ||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Dollars in thousands | Estimated | Unrealized | Estimated | Unrealized | Estimated | Unrealized | ||||||||||||||||||
Fair Value | Loss | Fair Value | Loss | Fair Value | Loss | |||||||||||||||||||
Temporarily impaired securities | ||||||||||||||||||||||||
Taxable debt securities | ||||||||||||||||||||||||
U.S. Government agencies and corporations | $ | — | $ | — | $ | 3,599 | $ | 40 | $ | 3,599 | $ | 40 | ||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||
Government-sponsored agencies | 26,814 | 457 | 4,080 | 44 | 30,894 | 501 | ||||||||||||||||||
Nongovernment-sponsored entities | 6,718 | 71 | — | — | 6,718 | 71 | ||||||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
Lottery/casino revenues | 1,834 | 28 | — | — | 1,834 | 28 | ||||||||||||||||||
Corporate debt securities | 2,875 | 10 | — | — | 2,875 | 10 | ||||||||||||||||||
Tax-exempt debt securities | ||||||||||||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
General obligations | 10,165 | 136 | — | — | 10,165 | 136 | ||||||||||||||||||
Water and sewer revenues | 284 | 1 | — | — | 284 | 1 | ||||||||||||||||||
Other revenues | 573 | 8 | 267 | 6 | 840 | 14 | ||||||||||||||||||
Total temporarily impaired securities | 49,263 | 711 | 7,946 | 90 | 57,209 | 801 | ||||||||||||||||||
Total other-than-temporarily | ||||||||||||||||||||||||
impaired securities | — | — | — | — | — | — | ||||||||||||||||||
Total | $ | 49,263 | $ | 711 | $ | 7,946 | $ | 90 | $ | 57,209 | $ | 801 | ||||||||||||
December 31, 2014 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Dollars in thousands | Estimated | Unrealized | Estimated | Unrealized | Estimated | Unrealized | ||||||||||||||||||
Fair Value | Loss | Fair Value | Loss | Fair Value | Loss | |||||||||||||||||||
Temporarily impaired securities | ||||||||||||||||||||||||
Taxable debt securities | ||||||||||||||||||||||||
U.S. Government agencies and corporations | $ | — | $ | — | $ | 3,912 | $ | (52 | ) | $ | 3,912 | $ | (52 | ) | ||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||
Government-sponsored agencies | 36,825 | (535 | ) | 21,915 | (238 | ) | 58,740 | (773 | ) | |||||||||||||||
Nongovernment-sponsored entities | 5,488 | (44 | ) | 2,163 | (4 | ) | 7,651 | (48 | ) | |||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
General obligations | — | — | 316 | (33 | ) | 316 | (33 | ) | ||||||||||||||||
Water and sewer revenues | — | — | 817 | (7 | ) | 817 | (7 | ) | ||||||||||||||||
Other revenues | 1,098 | (2 | ) | — | — | 1,098 | (2 | ) | ||||||||||||||||
Tax-exempt debt securities | ||||||||||||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
General obligations | 3,708 | (8 | ) | 438 | (4 | ) | 4,146 | (12 | ) | |||||||||||||||
Water and sewer revenues | 721 | (3 | ) | — | — | 721 | (3 | ) | ||||||||||||||||
Lease revenues | — | — | 1,168 | (10 | ) | 1,168 | (10 | ) | ||||||||||||||||
Lottery/casino revenues | — | — | 1,126 | (9 | ) | 1,126 | (9 | ) | ||||||||||||||||
Other revenues | 1,247 | (8 | ) | 846 | (10 | ) | 2,093 | (18 | ) | |||||||||||||||
Total temporarily impaired securities | 49,087 | (600 | ) | 32,701 | (367 | ) | 81,788 | (967 | ) | |||||||||||||||
Total other-than-temporarily | ||||||||||||||||||||||||
impaired securities | — | — | — | — | — | — | ||||||||||||||||||
Total | $ | 49,087 | $ | (600 | ) | $ | 32,701 | $ | (367 | ) | $ | 81,788 | $ | (967 | ) | |||||||||
Loans
Loans | 3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||
Loans | LOANS | |||||||||||||||||||||||||||||||||||||||||||
Loans are generally stated at the amount of unpaid principal, reduced by unearned discount and allowance for loan losses. Interest on loans is accrued daily on the outstanding balances. Loan origination fees and certain direct loan origination costs are deferred and amortized as adjustments of the related loan yield over its contractual life. We categorize residential real estate loans in excess of $600,000 as jumbo loans. | ||||||||||||||||||||||||||||||||||||||||||||
Generally, loans are placed on nonaccrual status when principal or interest is greater than 90 days past due based upon the loan's contractual terms. Interest is accrued daily on impaired loans unless the loan is placed on nonaccrual status. Impaired loans are placed on nonaccrual status when the payments of principal and interest are in default for a period of 90 days, unless the loan is both well-secured and in the process of collection. Interest on nonaccrual loans is recognized primarily using the cost-recovery method. Loans may be returned to accrual status when repayment is reasonably assured and there has been demonstrated performance under the terms of the loan or, if applicable, the terms of the restructured loans. | ||||||||||||||||||||||||||||||||||||||||||||
Commercial-related loans or portions thereof (which are risk-rated) are charged off to the allowance for loan losses when the loss has been confirmed. This determination is made on a case by case basis considering many factors, including the prioritization of our claim in bankruptcy, expectations of the workout/restructuring of the loan and valuation of the borrower’s equity. We deem a loss confirmed when a loan or a portion of a loan is classified “loss” in accordance with bank regulatory classification guidelines, which state, “Assets classified loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted”. | ||||||||||||||||||||||||||||||||||||||||||||
Consumer-related loans are generally charged off to the allowance for loan losses upon reaching specified stages of delinquency, in accordance with the Federal Financial Institutions Examination Council policy. For example, credit card loans are charged off by the end of the month in which the account becomes 180 days past due or within 60 days from receiving notification about a specified event (e.g., bankruptcy of the borrower), which ever is earlier. Residential mortgage loans are generally charged off to net realizable value no later than when the account becomes 180 days past due. Other consumer loans, if collateralized, are generally charged off to net realizable value at 120 days past due. | ||||||||||||||||||||||||||||||||||||||||||||
Loans are summarized as follows: | ||||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | March 31, | December 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||
2015 | 2014 | 2014 | ||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 89,928 | $ | 88,590 | $ | 93,517 | ||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 180,269 | 157,783 | 150,025 | |||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 325,764 | 317,136 | 297,197 | |||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 66,558 | 67,881 | 67,342 | |||||||||||||||||||||||||||||||||||||||||
Construction | 19,094 | 28,591 | 18,327 | |||||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 219,938 | 220,071 | 215,665 | |||||||||||||||||||||||||||||||||||||||||
Jumbo | 50,492 | 52,879 | 51,406 | |||||||||||||||||||||||||||||||||||||||||
Home equity | 68,894 | 67,115 | 56,161 | |||||||||||||||||||||||||||||||||||||||||
Consumer | 18,485 | 19,456 | 19,106 | |||||||||||||||||||||||||||||||||||||||||
Other | 11,074 | 11,507 | 5,037 | |||||||||||||||||||||||||||||||||||||||||
Total loans, net of unearned fees | 1,050,496 | 1,031,009 | 973,783 | |||||||||||||||||||||||||||||||||||||||||
Less allowance for loan losses | 10,827 | 11,167 | 11,069 | |||||||||||||||||||||||||||||||||||||||||
Loans, net | $ | 1,039,669 | $ | 1,019,842 | $ | 962,714 | ||||||||||||||||||||||||||||||||||||||
The following table presents the contractual aging of the recorded investment in past due loans by class as of March 31, 2015 and 2014 and December 31, 2014. | ||||||||||||||||||||||||||||||||||||||||||||
At March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Past Due | > 90 days and Accruing | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 30-59 days | 60-89 days | > 90 days | Total | Current | |||||||||||||||||||||||||||||||||||||||
Commercial | $ | 388 | $ | — | $ | 744 | $ | 1,132 | $ | 88,796 | $ | — | ||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 119 | — | 629 | 748 | 179,521 | — | ||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 664 | — | 406 | 1,070 | 324,694 | — | ||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 1,376 | 1,361 | 4,980 | 7,717 | 58,841 | — | ||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | 19,094 | — | ||||||||||||||||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 2,891 | 1,090 | 1,888 | 5,869 | 214,069 | — | ||||||||||||||||||||||||||||||||||||||
Jumbo | — | — | 713 | 713 | 49,779 | — | ||||||||||||||||||||||||||||||||||||||
Home equity | 395 | — | 172 | 567 | 68,327 | — | ||||||||||||||||||||||||||||||||||||||
Consumer | 139 | 62 | 22 | 223 | 18,262 | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | 11,074 | — | ||||||||||||||||||||||||||||||||||||||
Total | $ | 5,972 | $ | 2,513 | $ | 9,554 | $ | 18,039 | $ | 1,032,457 | $ | — | ||||||||||||||||||||||||||||||||
At December 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
Past Due | > 90 days and Accruing | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 30-59 days | 60-89 days | > 90 days | Total | Current | |||||||||||||||||||||||||||||||||||||||
Commercial | $ | 328 | $ | 117 | $ | 330 | $ | 775 | $ | 87,815 | $ | — | ||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 121 | 194 | 801 | 1,116 | 156,667 | — | ||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 146 | — | 406 | 552 | 316,584 | — | ||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 346 | 2,002 | 4,253 | 6,601 | 61,280 | — | ||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | 28,591 | — | ||||||||||||||||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 4,104 | 2,719 | 1,498 | 8,321 | 211,750 | — | ||||||||||||||||||||||||||||||||||||||
Jumbo | — | — | 2,626 | 2,626 | 50,253 | — | ||||||||||||||||||||||||||||||||||||||
Home equity | 1,067 | 94 | 83 | 1,244 | 65,871 | — | ||||||||||||||||||||||||||||||||||||||
Consumer | 260 | 42 | 63 | 365 | 19,091 | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | 11,507 | — | ||||||||||||||||||||||||||||||||||||||
Total | $ | 6,372 | $ | 5,168 | $ | 10,060 | $ | 21,600 | $ | 1,009,409 | $ | — | ||||||||||||||||||||||||||||||||
At March 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
Past Due | > 90 days and Accruing | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 30-59 days | 60-89 days | > 90 days | Total | Current | |||||||||||||||||||||||||||||||||||||||
Commercial | $ | 52 | $ | 50 | $ | 796 | $ | 898 | $ | 92,619 | $ | — | ||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | — | 236 | 125 | 361 | 149,664 | — | ||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 1,076 | — | 768 | 1,844 | 295,353 | — | ||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 754 | — | 6,123 | 6,877 | 60,465 | — | ||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | 18,327 | — | ||||||||||||||||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 2,780 | 804 | 1,821 | 5,405 | 210,260 | — | ||||||||||||||||||||||||||||||||||||||
Jumbo | 712 | — | — | 712 | 50,694 | — | ||||||||||||||||||||||||||||||||||||||
Home equity | 75 | — | 69 | 144 | 56,017 | — | ||||||||||||||||||||||||||||||||||||||
Consumer | 207 | 32 | 45 | 284 | 18,822 | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | 5,037 | — | ||||||||||||||||||||||||||||||||||||||
Total | $ | 5,656 | $ | 1,122 | $ | 9,747 | $ | 16,525 | $ | 957,258 | $ | — | ||||||||||||||||||||||||||||||||
Nonaccrual loans: The following table presents the nonaccrual loans included in the net balance of loans at March 31, 2015, December 31, 2014 and March 31, 2014. | ||||||||||||||||||||||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 2015 | 2014 | 2014 | |||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 788 | $ | 866 | $ | 392 | ||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 934 | 2,404 | 1,218 | |||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 406 | 430 | 626 | |||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 5,333 | 10,252 | 4,619 | |||||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 3,429 | 2,593 | 2,663 | |||||||||||||||||||||||||||||||||||||||||
Jumbo | 713 | — | 2,626 | |||||||||||||||||||||||||||||||||||||||||
Home equity | 349 | 297 | 267 | |||||||||||||||||||||||||||||||||||||||||
Consumer | 65 | 73 | 83 | |||||||||||||||||||||||||||||||||||||||||
Total | $ | 12,017 | $ | 16,915 | $ | 12,494 | ||||||||||||||||||||||||||||||||||||||
Impaired loans: Impaired loans include the following: | ||||||||||||||||||||||||||||||||||||||||||||
▪ | Loans which we risk-rate (consisting of loan relationships having aggregate balances in excess of $2.0 million, or loans exceeding $500,000 and exhibiting credit weakness) through our normal loan review procedures and which, based on current information and events, it is probable that we will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement. Risk-rated loans with insignificant delays or insignificant short falls in the amount of payments expected to be collected are not considered to be impaired. | |||||||||||||||||||||||||||||||||||||||||||
▪ | Loans that have been modified in a troubled debt restructuring. | |||||||||||||||||||||||||||||||||||||||||||
Both commercial and consumer loans are deemed impaired upon being contractually modified in a troubled debt restructuring. Troubled debt restructurings typically result from our loss mitigation activities and occur when we grant a concession to a borrower who is experiencing financial difficulty in order to minimize our economic loss and to avoid foreclosure or repossession of collateral. Once restructured in a troubled debt restructuring, a loan is generally considered impaired until its maturity, regardless of whether the borrower performs under the modified terms. Although such a loan may be returned to accrual status if the criteria set forth in our accounting policy are met, the loan would continue to be evaluated for an asset-specific allowance for loan losses and we would continue to report the loan in the impaired loan table below. | ||||||||||||||||||||||||||||||||||||||||||||
The table below sets forth information about our impaired loans. | ||||||||||||||||||||||||||||||||||||||||||||
Method Used to Measure Impairment of Impaired Loans | ||||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | ||||||||||||||||||||||||||||||||||||||||||||
March 31, | December 31, | Method used to measure impairment | ||||||||||||||||||||||||||||||||||||||||||
Loan Category | 2015 | 2014 | 2014 | |||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 44 | $ | 899 | $ | 132 | Fair value of collateral | |||||||||||||||||||||||||||||||||||||
337 | — | 362 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 5,665 | 4,856 | 1,683 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
9,056 | 7,598 | 9,124 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 1,633 | 518 | 508 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
6,184 | 5,259 | 5,999 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 11,733 | 16,107 | 11,998 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
2,286 | 1,457 | 2,310 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 1,719 | 3,450 | 1,676 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
4,677 | 2,603 | 5,252 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Jumbo | 5,672 | 6,644 | 7,594 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
884 | 2,086 | 886 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Home equity | 186 | 186 | 285 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
523 | — | 523 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Consumer | 2 | 40 | 2 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
78 | — | 82 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Total | $ | 50,679 | $ | 51,703 | $ | 48,416 | ||||||||||||||||||||||||||||||||||||||
The following tables present loans individually evaluated for impairment at March 31, 2015, December 31, 2014 and March 31, 2014. | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Recorded | Unpaid | Related | Average | Interest Income | |||||||||||||||||||||||||||||||||||||||
Investment | Principal Balance | Allowance | Impaired | Recognized | ||||||||||||||||||||||||||||||||||||||||
Balance | while impaired | |||||||||||||||||||||||||||||||||||||||||||
Without a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 381 | $ | 381 | $ | — | $ | 381 | $ | 21 | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 9,312 | 9,312 | — | 5,364 | 180 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 5,183 | 5,185 | — | 3,858 | 180 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 13,121 | 13,121 | — | 13,121 | 436 | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 3,763 | 3,772 | — | 3,772 | 167 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 5,669 | 5,672 | — | 5,672 | 235 | |||||||||||||||||||||||||||||||||||||||
Home equity | 710 | 709 | — | 709 | 31 | |||||||||||||||||||||||||||||||||||||||
Consumer | 80 | 80 | — | 80 | 7 | |||||||||||||||||||||||||||||||||||||||
Total without a related allowance | $ | 38,219 | $ | 38,232 | $ | — | $ | 32,957 | $ | 1,257 | ||||||||||||||||||||||||||||||||||
With a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 5,409 | 5,409 | 255 | 5,409 | 215 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 2,632 | 2,632 | 21 | 2,632 | 123 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 898 | 898 | 176 | 898 | — | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 2,623 | 2,624 | 276 | 2,624 | 119 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 883 | 884 | 43 | 884 | 44 | |||||||||||||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Total with a related allowance | $ | 12,445 | $ | 12,447 | $ | 771 | $ | 12,447 | $ | 501 | ||||||||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 36,936 | $ | 36,938 | $ | 452 | $ | 31,663 | $ | 1,155 | ||||||||||||||||||||||||||||||||||
Residential real estate | 13,648 | 13,661 | 319 | 13,661 | 596 | |||||||||||||||||||||||||||||||||||||||
Consumer | 80 | 80 | — | 80 | 7 | |||||||||||||||||||||||||||||||||||||||
Total | $ | 50,664 | $ | 50,679 | $ | 771 | $ | 45,404 | $ | 1,758 | ||||||||||||||||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Recorded | Unpaid | Related | Average | Interest Income | |||||||||||||||||||||||||||||||||||||||
Investment | Principal Balance | Allowance | Impaired | Recognized | ||||||||||||||||||||||||||||||||||||||||
Balance | while impaired | |||||||||||||||||||||||||||||||||||||||||||
Without a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 370 | $ | 369 | $ | — | $ | 430 | $ | 27 | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 5,362 | 5,361 | — | 5,309 | 192 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 3,645 | 3,647 | — | 4,420 | 199 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 13,410 | 13,410 | — | 14,149 | 483 | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 4,289 | 4,300 | — | 3,853 | 185 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 7,589 | 7,594 | — | 7,761 | 241 | |||||||||||||||||||||||||||||||||||||||
Home equity | 809 | 808 | — | 265 | 14 | |||||||||||||||||||||||||||||||||||||||
Consumer | 84 | 84 | — | 36 | 2 | |||||||||||||||||||||||||||||||||||||||
Total without a related allowance | $ | 35,558 | $ | 35,573 | $ | — | $ | 36,223 | $ | 1,343 | ||||||||||||||||||||||||||||||||||
With a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 125 | $ | 125 | $ | 81 | $ | 38 | $ | — | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 5,446 | 5,446 | 287 | 5,461 | 216 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 2,860 | 2,860 | 74 | 1,003 | 40 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 898 | 898 | 46 | 933 | 42 | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 2,627 | 2,628 | 282 | 2,093 | 98 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 885 | 886 | 46 | 892 | 45 | |||||||||||||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Total with a related allowance | $ | 12,841 | $ | 12,843 | $ | 816 | $ | 10,420 | $ | 441 | ||||||||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 32,116 | $ | 32,116 | $ | 488 | $ | 31,743 | $ | 1,199 | ||||||||||||||||||||||||||||||||||
Residential real estate | 16,199 | 16,216 | 328 | 14,864 | 583 | |||||||||||||||||||||||||||||||||||||||
Consumer | 84 | 84 | — | 36 | 2 | |||||||||||||||||||||||||||||||||||||||
Total | $ | 48,399 | $ | 48,416 | $ | 816 | $ | 46,643 | $ | 1,784 | ||||||||||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Recorded | Unpaid | Related | Average | Interest Income | |||||||||||||||||||||||||||||||||||||||
Investment | Principal Balance | Allowance | Impaired | Recognized | ||||||||||||||||||||||||||||||||||||||||
Balance | while impaired | |||||||||||||||||||||||||||||||||||||||||||
Without a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 824 | $ | 824 | $ | — | $ | 824 | $ | 27 | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 7,836 | 7,836 | — | 7,836 | 231 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 5,035 | 5,037 | — | 5,037 | 249 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 11,793 | 11,793 | — | 11,793 | 323 | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 3,209 | 3,217 | — | 3,217 | 140 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 7,828 | 7,833 | — | 7,833 | 401 | |||||||||||||||||||||||||||||||||||||||
Home equity | 186 | 186 | — | 186 | 11 | |||||||||||||||||||||||||||||||||||||||
Consumer | 40 | 40 | — | 40 | 3 | |||||||||||||||||||||||||||||||||||||||
Total without a related allowance | $ | 36,751 | $ | 36,766 | $ | — | $ | 36,766 | $ | 1,385 | ||||||||||||||||||||||||||||||||||
With a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 75 | $ | 75 | $ | 18 | $ | 75 | $ | 5 | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 4,618 | 4,618 | 324 | 4,618 | 213 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 740 | 740 | 85 | 740 | 28 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 5,771 | 5,771 | 2,553 | 5,771 | 40 | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 2,835 | 2,836 | 337 | 2,836 | 134 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 896 | 897 | 56 | 897 | 45 | |||||||||||||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Total with a related allowance | $ | 14,935 | $ | 14,937 | $ | 3,373 | $ | 14,937 | $ | 465 | ||||||||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 36,692 | $ | 36,694 | $ | 2,980 | $ | 36,694 | $ | 1,116 | ||||||||||||||||||||||||||||||||||
Residential real estate | 14,954 | 14,969 | 393 | 14,969 | 731 | |||||||||||||||||||||||||||||||||||||||
Consumer | 40 | 40 | — | 40 | 3 | |||||||||||||||||||||||||||||||||||||||
Total | $ | 51,686 | $ | 51,703 | $ | 3,373 | $ | 51,703 | $ | 1,850 | ||||||||||||||||||||||||||||||||||
A modification of a loan is considered a troubled debt restructuring (“TDR”) when a borrower is experiencing financial difficulty and the modification constitutes a concession that we would not otherwise consider. This may include a transfer of real estate or other assets from the borrower, a modification of loan terms, or a combination of both. A loan continues to be classified as a TDR for the life of the loan. Included in impaired loans are TDRs of $32.9 million, of which $30.2 million were current with respect to restructured contractual payments at March 31, 2015, and $34.7 million, of which $32.2 million were current with respect to restructured contractual payments at December 31, 2014. There were no commitments to lend additional funds under these restructurings at either balance sheet date. | ||||||||||||||||||||||||||||||||||||||||||||
There were no TDRs that were restructured during the three months ended March 31, 2015 or 2014. Generally, modifications are extensions of term, modifying the payment terms from principal and interest to interest only for an extended period, or reduction in interest rate. All TDRs are evaluated individually for allowance for loan loss purposes. | ||||||||||||||||||||||||||||||||||||||||||||
The following table presents defaults during the stated period of TDRs that were restructured during the past twelve months. For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period. | ||||||||||||||||||||||||||||||||||||||||||||
For the Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Number | Recorded | ||||||||||||||||||||||||||||||||||||||||||
of | Investment | |||||||||||||||||||||||||||||||||||||||||||
Defaults | at Default Date | |||||||||||||||||||||||||||||||||||||||||||
Commercial | 1 | $ | 27 | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | — | — | ||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | — | — | ||||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | — | — | ||||||||||||||||||||||||||||||||||||||||||
Construction | — | — | ||||||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 3 | 833 | ||||||||||||||||||||||||||||||||||||||||||
Jumbo | — | — | ||||||||||||||||||||||||||||||||||||||||||
Home equity | — | — | ||||||||||||||||||||||||||||||||||||||||||
Consumer | 1 | 17 | ||||||||||||||||||||||||||||||||||||||||||
Total | 5 | $ | 877 | |||||||||||||||||||||||||||||||||||||||||
The following table details the activity regarding TDRs by loan type for the three months and three months ended March 31, 2015, and the related allowance on TDRs. | ||||||||||||||||||||||||||||||||||||||||||||
For the Three Months Ended March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Construction & Land Development | Commercial Real Estate | Residential Real Estate | ||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Land & | Construc- | Commer- | Owner | Non- | Non- | Jumbo | Home | Con- | Other | Total | |||||||||||||||||||||||||||||||||
Land | tion | cial | Occupied | Owner | jumbo | Equity | sumer | |||||||||||||||||||||||||||||||||||||
Develop- | Occupied | |||||||||||||||||||||||||||||||||||||||||||
ment | ||||||||||||||||||||||||||||||||||||||||||||
Troubled debt restructurings | ||||||||||||||||||||||||||||||||||||||||||||
Balance January 1, 2015 | $ | 5,786 | $ | — | $ | 410 | $ | 9,501 | $ | 6,219 | $ | 6,245 | $ | 5,937 | $ | 523 | $ | 50 | $ | — | $ | 34,671 | ||||||||||||||||||||||
Additions | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Charge-offs | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Net (paydowns) advances | (28 | ) | — | (29 | ) | (73 | ) | (35 | ) | (423 | ) | (1,206 | ) | — | (4 | ) | — | (1,798 | ) | |||||||||||||||||||||||||
Transfer into foreclosed properties | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Refinance out of TDR status | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Balance, March 31, 2015 | $ | 5,758 | $ | — | $ | 381 | $ | 9,428 | $ | 6,184 | $ | 5,822 | $ | 4,731 | $ | 523 | $ | 46 | $ | — | $ | 32,873 | ||||||||||||||||||||||
Allowance related to troubled debt restructurings | $ | 168 | $ | — | $ | — | $ | 209 | $ | 21 | $ | 276 | $ | 43 | $ | — | $ | — | $ | — | $ | 717 | ||||||||||||||||||||||
We categorize loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. We analyze loans individually by classifying the loans as to credit risk. We internally grade all commercial loans at the time of loan origination. In addition, we perform an annual loan review on all non-homogenous commercial loan relationships with an aggregate exposure of $2 million, at which time these loans are re-graded. We use the following definitions for our risk grades: | ||||||||||||||||||||||||||||||||||||||||||||
Pass: Loans graded as Pass are loans to borrowers of acceptable credit quality and risk. They are higher quality loans that do not fit any of the other categories described below. | ||||||||||||||||||||||||||||||||||||||||||||
OLEM (Special Mention): Commercial loans categorized as OLEM are potentially weak. The credit risk may be relatively minor yet represent a risk given certain specific circumstances. If the potential weaknesses are not monitored or mitigated, the asset may weaken or inadequately protect our position in the future. | ||||||||||||||||||||||||||||||||||||||||||||
Substandard: Commercial loans categorized as Substandard are inadequately protected by the borrower’s ability to repay, equity, and/or the collateral pledged to secure the loan. These loans have identified weaknesses that could hinder normal repayment or collection of the debt. These loans are characterized by the distinct possibility that we will sustain some loss if the identified weaknesses are not mitigated. | ||||||||||||||||||||||||||||||||||||||||||||
Doubtful: Commercial loans categorized as Doubtful have all the weaknesses inherent in those loans classified as Substandard, with the added elements that the full collection of the loan is improbable and the possibility of loss is high. | ||||||||||||||||||||||||||||||||||||||||||||
Loss: Loans classified as loss are considered to be non-collectible and of such little value that their continuance as a bankable asset is not warranted. This does not mean that the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future. | ||||||||||||||||||||||||||||||||||||||||||||
The following table presents the recorded investment in construction and development, commercial, and commercial real estate loans which are generally evaluated based upon the internal risk ratings defined above. | ||||||||||||||||||||||||||||||||||||||||||||
Loan Risk Profile by Internal Risk Rating | ||||||||||||||||||||||||||||||||||||||||||||
Construction and Development | Commercial Real Estate | |||||||||||||||||||||||||||||||||||||||||||
Land and Land Development | Construction | Commercial | Owner Occupied | Non-Owner Occupied | ||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 3/31/15 | 12/31/14 | 3/31/15 | 12/31/14 | 3/31/15 | 12/31/14 | 3/31/15 | 12/31/14 | 3/31/15 | 12/31/14 | ||||||||||||||||||||||||||||||||||
Pass | $ | 52,284 | $ | 53,873 | $ | 19,094 | $ | 28,591 | $ | 87,582 | $ | 86,361 | $ | 177,752 | $ | 155,189 | $ | 315,360 | $ | 306,710 | ||||||||||||||||||||||||
OLEM (Special Mention) | 2,452 | 1,673 | — | — | 1,702 | 1,837 | 1,275 | 1,064 | 3,798 | 8,933 | ||||||||||||||||||||||||||||||||||
Substandard | 11,822 | 12,335 | — | — | 644 | 392 | 1,242 | 1,530 | 6,606 | 1,493 | ||||||||||||||||||||||||||||||||||
Doubtful | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Total | $ | 66,558 | $ | 67,881 | $ | 19,094 | $ | 28,591 | $ | 89,928 | $ | 88,590 | $ | 180,269 | $ | 157,783 | $ | 325,764 | $ | 317,136 | ||||||||||||||||||||||||
The following table presents the recorded investment in consumer, residential real estate, and home equity loans, which are generally evaluated based on the aging status of the loans, which was previously presented, and payment activity. | ||||||||||||||||||||||||||||||||||||||||||||
Performing | Nonperforming | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 3/31/15 | 12/31/14 | 3/31/14 | 3/31/15 | 12/31/14 | 3/31/14 | ||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | $ | 216,509 | $ | 217,408 | $ | 213,071 | $ | 3,429 | $ | 2,663 | $ | 2,594 | ||||||||||||||||||||||||||||||||
Jumbo | 49,779 | 50,253 | 51,406 | 713 | 2,626 | — | ||||||||||||||||||||||||||||||||||||||
Home Equity | 68,545 | 66,848 | 55,865 | 349 | 267 | 296 | ||||||||||||||||||||||||||||||||||||||
Consumer | 18,420 | 19,373 | 19,033 | 65 | 83 | 73 | ||||||||||||||||||||||||||||||||||||||
Other | 11,074 | 11,507 | 5,037 | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total | $ | 364,327 | $ | 365,389 | $ | 344,412 | $ | 4,556 | $ | 5,639 | $ | 2,963 | ||||||||||||||||||||||||||||||||
Loan commitments: ASC Topic 815, Derivatives and Hedging, requires that commitments to make mortgage loans should be accounted for as derivatives if the loans are to be held for sale, because the commitment represents a written option and accordingly is recorded at the fair value of the option liability. |
Allowance_For_Loan_Losses
Allowance For Loan Losses | 3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses | ALLOWANCE FOR LOAN LOSSES | |||||||||||||||||||||||||||||||||||||||||||
We maintain the allowance for loan losses at a level considered adequate to provide for estimated probable credit losses inherent in the loan portfolio. The allowance is comprised of three distinct reserve components: (1) specific reserves related to loans individually evaluated, (2) quantitative reserves related to loans collectively evaluated, and (3) qualitative reserves related to loans collectively evaluated. A summary of the methodology we employ on a quarterly basis with respect to each of these components in order to evaluate the overall adequacy of our allowance for loan losses is as follows: | ||||||||||||||||||||||||||||||||||||||||||||
Specific Reserve for Loans Individually Evaluated | ||||||||||||||||||||||||||||||||||||||||||||
First, we identify loan relationships having aggregate balances in excess of $500,000 and that may also have credit weaknesses. Such loan relationships are identified primarily through our analysis of internal loan evaluations, past due loan reports, and loans adversely classified by regulatory authorities. Each loan so identified is then individually evaluated to determine whether it is impaired – that is, based on current information and events, it is probable that we will be unable to collect all amounts due in accordance with the contractual terms of the underlying loan agreement. Substantially all of our impaired loans historically have been collateral dependent, meaning repayment of the loan is expected or is considered to be provided solely from the sale of the loan’s underlying collateral. For such loans, we measure impairment based on the fair value of the loan’s collateral, which is generally determined utilizing current appraisals. A specific reserve is established in an amount equal to the excess, if any, of the recorded investment in each impaired loan over the fair value of its underlying collateral, less estimated costs to sell. Our policy is to re-evaluate the fair value of collateral dependent loans at least every twelve months unless there is a known deterioration in the collateral’s value, in which case a new appraisal is obtained. Beginning in 2014, for purposes of loans that have been modified in a troubled debt restructuring and not internally graded as substandard, doubtful, or loss("performing TDRs") we began measuring impairment using the discounted cash flows method. Under this method, a specific reserve is established in an amount equal to the excess, if any, of the recorded investment in each impaired loan over its discounted cash flows. | ||||||||||||||||||||||||||||||||||||||||||||
Quantitative Reserve for Loans Collectively Evaluated | ||||||||||||||||||||||||||||||||||||||||||||
Second, we stratify the loan portfolio into the following ten loan pools: land and land development, construction, commercial, commercial real estate -- owner-occupied, commercial real estate -- non-owner occupied, conventional residential mortgage, jumbo residential mortgage, home equity, consumer, and other. Quantitative reserves relative to each loan pool are established as follows: for all loan segments detailed above an allocation equaling 100% of the respective pool’s average 12 month historical net loan charge-off rate (determined based upon the most recent twelve quarters) is applied to the aggregate recorded investment in the pool of loans. | ||||||||||||||||||||||||||||||||||||||||||||
Qualitative Reserve for Loans Collectively Evaluated | ||||||||||||||||||||||||||||||||||||||||||||
Third, we consider the necessity to adjust our average historical net loan charge-off rates relative to each of the above ten loan pools for potential risks factors that could result in actual losses deviating from prior loss experience. For example, if we observe a significant increase in delinquencies within the conventional mortgage loan pool above historical trends, an additional allocation to the average historical loan charge-off rate is applied. Such qualitative risk factors considered are: (1) levels of and trends in delinquencies and impaired loans, (2) levels of and trends in charge-offs and recoveries, (3)trends in volume and term of loans, (4) effects of any changes in risk selection and underwriting standards, and other changes in lending policies, procedures, and practice, (5) experience, ability, and depth of lending management and other relevant staff, (6) national and local economic trends and conditions, (7) industry conditions, and (8) effects of changes in credit concentrations. | ||||||||||||||||||||||||||||||||||||||||||||
An analysis of the allowance for loan losses for the three month periods ended March 31, 2015 and 2014, and for the year ended December 31, 2014 is as follows: | ||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 2015 | 2014 | 2014 | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of year | $ | 11,167 | $ | 12,659 | $ | 12,659 | ||||||||||||||||||||||||||||||||||||||
Losses: | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | 77 | 390 | 390 | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner occupied | 266 | 11 | 11 | |||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | — | — | — | |||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 180 | 2,376 | 3,535 | |||||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | |||||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 160 | 9 | 435 | |||||||||||||||||||||||||||||||||||||||||
Jumbo | — | 8 | 65 | |||||||||||||||||||||||||||||||||||||||||
Home equity | 32 | — | 14 | |||||||||||||||||||||||||||||||||||||||||
Consumer | 43 | 45 | 265 | |||||||||||||||||||||||||||||||||||||||||
Other | 24 | 23 | 118 | |||||||||||||||||||||||||||||||||||||||||
Total | 782 | 2,862 | 4,833 | |||||||||||||||||||||||||||||||||||||||||
Recoveries: | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | 2 | 6 | 34 | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner occupied | 3 | 7 | 40 | |||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 2 | 3 | 318 | |||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 11 | 26 | 298 | |||||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | |||||||||||||||||||||||||||||||||||||||||
Real estate - mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 7 | 20 | 87 | |||||||||||||||||||||||||||||||||||||||||
Jumbo | 95 | 163 | 163 | |||||||||||||||||||||||||||||||||||||||||
Home equity | 1 | 2 | 4 | |||||||||||||||||||||||||||||||||||||||||
Consumer | 49 | 20 | 74 | |||||||||||||||||||||||||||||||||||||||||
Other | 22 | 25 | 73 | |||||||||||||||||||||||||||||||||||||||||
Total | 192 | 272 | 1,091 | |||||||||||||||||||||||||||||||||||||||||
Net losses | 590 | 2,590 | 3,742 | |||||||||||||||||||||||||||||||||||||||||
Provision for loan losses | 250 | 1,000 | 2,250 | |||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 10,827 | $ | 11,069 | $ | 11,167 | ||||||||||||||||||||||||||||||||||||||
Activity in the allowance for loan losses by loan class during the first three months of 2015 is as follows: | ||||||||||||||||||||||||||||||||||||||||||||
Construction & Land Development | Commercial Real Estate | Residential Real Estate | ||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Land & | Construc- | Commer- | Owner | Non- | Non- | Jumbo | Home | Con- | Other | Total | |||||||||||||||||||||||||||||||||
Land | tion | cial | Occupied | Owner | jumbo | Equity | sumer | |||||||||||||||||||||||||||||||||||||
Develop- | Occupied | |||||||||||||||||||||||||||||||||||||||||||
ment | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses | ||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 3,417 | $ | 427 | $ | 1,204 | $ | 927 | $ | 1,316 | $ | 1,280 | $ | 2,081 | $ | 187 | $ | 97 | $ | 231 | $ | 11,167 | ||||||||||||||||||||||
Charge-offs | 180 | — | 77 | 266 | — | 160 | — | 32 | 43 | 24 | 782 | |||||||||||||||||||||||||||||||||
Recoveries | 11 | — | 2 | 3 | 2 | 7 | 95 | 1 | 49 | 22 | 192 | |||||||||||||||||||||||||||||||||
Provision | 370 | (183 | ) | 9 | 571 | (25 | ) | 125 | (613 | ) | 103 | (24 | ) | (83 | ) | 250 | ||||||||||||||||||||||||||||
Ending balance | $ | 3,618 | $ | 244 | $ | 1,138 | $ | 1,235 | $ | 1,293 | $ | 1,252 | $ | 1,563 | $ | 259 | $ | 79 | $ | 146 | $ | 10,827 | ||||||||||||||||||||||
Allowance related to: | ||||||||||||||||||||||||||||||||||||||||||||
Loans individually | $ | 176 | $ | — | $ | — | $ | 255 | $ | 21 | $ | 276 | $ | 43 | $ | — | $ | — | $ | — | $ | 771 | ||||||||||||||||||||||
evaluated for impairment | ||||||||||||||||||||||||||||||||||||||||||||
Loans collectively | 3,442 | 244 | 1,138 | 980 | 1,272 | 976 | 1,520 | 259 | 79 | 146 | 10,056 | |||||||||||||||||||||||||||||||||
evaluated for impairment | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 3,618 | $ | 244 | $ | 1,138 | $ | 1,235 | $ | 1,293 | $ | 1,252 | $ | 1,563 | $ | 259 | $ | 79 | $ | 146 | $ | 10,827 | ||||||||||||||||||||||
Loans | ||||||||||||||||||||||||||||||||||||||||||||
Loans individually | $ | 14,019 | $ | — | $ | 381 | $ | 14,721 | $ | 7,817 | $ | 6,347 | $ | 6,556 | $ | 709 | $ | 79 | $ | — | $ | 50,629 | ||||||||||||||||||||||
evaluated for impairment | ||||||||||||||||||||||||||||||||||||||||||||
Loans collectively | 52,539 | 19,094 | 89,547 | 165,548 | 317,947 | 213,591 | 43,936 | 68,185 | 18,406 | 11,074 | $ | 999,867 | ||||||||||||||||||||||||||||||||
evaluated for impairment | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 66,558 | $ | 19,094 | $ | 89,928 | $ | 180,269 | $ | 325,764 | $ | 219,938 | $ | 50,492 | $ | 68,894 | $ | 18,485 | $ | 11,074 | $ | 1,050,496 | ||||||||||||||||||||||
Goodwill_And_Other_Intangible_
Goodwill And Other Intangible Assets | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS | ||||||||||||||||||||||||
The following tables present our goodwill by reporting unit at March 31, 2015 and other intangible assets by reporting unit at March 31, 2015 and December 31, 2014. | |||||||||||||||||||||||||
Goodwill Activity | |||||||||||||||||||||||||
Dollars in thousands | Community Banking | Insurance Services | Total | ||||||||||||||||||||||
Balance, January 1, 2014 | $ | 1,488 | $ | 4,710 | $ | 6,198 | |||||||||||||||||||
Acquired goodwill, net | — | — | — | ||||||||||||||||||||||
Balance, March 31, 2015 | $ | 1,488 | $ | 4,710 | $ | 6,198 | |||||||||||||||||||
Other Intangible Assets | |||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||
Dollars in thousands | Community | Insurance | Total | Community | Insurances | Total | |||||||||||||||||||
Banking | Services | Banking | Services | ||||||||||||||||||||||
Unidentifiable intangible assets | |||||||||||||||||||||||||
Gross carrying amount | $ | 2,268 | $ | — | $ | 2,268 | $ | 2,268 | $ | — | $ | 2,268 | |||||||||||||
Less: accumulated amortization | 2,268 | — | 2,268 | 2,268 | — | 2,268 | |||||||||||||||||||
Net carrying amount | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Identifiable intangible assets | |||||||||||||||||||||||||
Gross carrying amount | $ | — | $ | 3,000 | $ | 3,000 | $ | — | $ | 3,000 | $ | 3,000 | |||||||||||||
Less: accumulated amortization | — | 1,550 | 1,550 | — | 1,500 | 1,500 | |||||||||||||||||||
Net carrying amount | $ | — | $ | 1,450 | $ | 1,450 | $ | — | $ | 1,500 | $ | 1,500 | |||||||||||||
We recorded amortization expense of approximately $50,000 for the three months ended March 31, 2015 relative to our other intangible assets. Annual amortization is expected to approximate $200,000 for each of the years ending 2015 through 2019. |
Deposits
Deposits | 3 Months Ended | ||||||||||||
Mar. 31, 2015 | |||||||||||||
Deposits [Abstract] | |||||||||||||
Deposits | DEPOSITS | ||||||||||||
The following is a summary of interest bearing deposits by type as of March 31, 2015 and 2014 and December 31, 2014: | |||||||||||||
Dollars in thousands | March 31, | December 31, | March 31, | ||||||||||
2015 | 2014 | 2014 | |||||||||||
Demand deposits, interest bearing | $ | 196,606 | $ | 204,030 | $ | 195,898 | |||||||
Savings deposits | 257,687 | 253,578 | 228,854 | ||||||||||
Time deposits | 486,966 | 488,279 | 528,433 | ||||||||||
Total | $ | 941,259 | $ | 945,887 | $ | 953,185 | |||||||
Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $139.5 million, $146.9 million and $160.4 million at March 31, 2015, December 31, 2014, and March 31, 2014, respectively. | |||||||||||||
A summary of the scheduled maturities for all time deposits as of March 31, 2015 is as follows: | |||||||||||||
Dollars in thousands | |||||||||||||
Nine month period ending December 31, 2015 | $ | 143,413 | |||||||||||
Year ending December 31, 2016 | 144,477 | ||||||||||||
Year ending December 31, 2017 | 57,461 | ||||||||||||
Year ending December 31, 2018 | 46,888 | ||||||||||||
Year ending December 31, 2019 | 35,457 | ||||||||||||
Thereafter | 59,270 | ||||||||||||
Total | $ | 486,966 | |||||||||||
The following is a summary of the maturity distribution of all certificates of deposit in denominations of $100,000 or more as of March 31, 2015: | |||||||||||||
Dollars in thousands | Amount | Percent | |||||||||||
Three months or less | $ | 42,686 | 11.9 | % | |||||||||
Three through six months | 25,577 | 7.1 | % | ||||||||||
Six through twelve months | 58,303 | 16.3 | % | ||||||||||
Over twelve months | 232,072 | 64.7 | % | ||||||||||
Total | $ | 358,638 | 100 | % | |||||||||
Borrowed_Funds
Borrowed Funds | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Debt Disclosure [Abstract] | ||||||||||||||||
Borrowed Funds | BORROWED FUNDS | |||||||||||||||
Short-term borrowings: A summary of short-term borrowings is presented below: | ||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||
2015 | 2014 | |||||||||||||||
Dollars in thousands | Short-term | Federal Funds | Short-term | Federal Funds | ||||||||||||
FHLB | Purchased | FHLB | Purchased | |||||||||||||
Advances | and Lines | Advances | and Lines | |||||||||||||
of Credit | of Credit | |||||||||||||||
Balance at March 31 | $ | 141,550 | $ | 7,435 | $ | 60,000 | $ | 8,974 | ||||||||
Average balance outstanding for the period | 139,590 | 5,189 | 66,205 | 8,971 | ||||||||||||
Maximum balance outstanding at any month end during period | 141,780 | 7,435 | 80,000 | 8,974 | ||||||||||||
Weighted average interest rate for the period | 0.31 | % | 0.25 | % | 0.28 | % | 0.25 | % | ||||||||
Weighted average interest rate for balances | ||||||||||||||||
outstanding at March 31 | 0.32 | % | 0.25 | % | 0.31 | % | 0.25 | % | ||||||||
Year Ended December 31, 2014 | ||||||||||||||||
Dollars in thousands | Short-term | Federal Funds | ||||||||||||||
FHLB | Purchased | |||||||||||||||
Advances | and Lines | |||||||||||||||
of Credit | ||||||||||||||||
Balance at December 31 | $ | 120,950 | $ | 2,683 | ||||||||||||
Average balance outstanding for the period | 94,982 | 5,804 | ||||||||||||||
Maximum balance outstanding at any month end during period | 136,800 | 8,976 | ||||||||||||||
Weighted average interest rate for the period | 0.31 | % | 0.25 | % | ||||||||||||
Weighted average interest rate for balances outstanding at December 31 | 0.31 | % | 0.25 | % | ||||||||||||
Long-term borrowings: Our long-term borrowings of $77.0 million, $77.5 million and $123.5 million at March 31, 2015, December 31, 2014, and March 31, 2014 respectively, consisted primarily of advances from the Federal Home Loan Bank (“FHLB”) and structured reverse repurchase agreements with two unaffiliated institutions. All FHLB advances are collateralized primarily by similar amounts of residential mortgage loans, certain commercial loans, mortgage backed securities and securities of U. S. Government agencies and corporations. | ||||||||||||||||
Balance at March 31, | Balance at | |||||||||||||||
December 31, | ||||||||||||||||
Dollars in thousands | 2015 | 2014 | 2014 | |||||||||||||
Long-term FHLB advances | $ | 951 | $ | 42,576 | $ | 977 | ||||||||||
Long-term reverse repurchase agreements | 72,000 | 72,000 | 72,000 | |||||||||||||
Term loan | 4,062 | 8,916 | 4,513 | |||||||||||||
Total | $ | 77,013 | $ | 123,492 | $ | 77,490 | ||||||||||
The term loan at March 31, 2015 is secured by the common stock of our subsidiary bank and bears a variable interest rate of prime minus 50 basis points with a final maturity of 2017. Our long term FHLB borrowings and reverse repurchase agreements bear both fixed and variable rates and mature in varying amounts through the year 2026. | ||||||||||||||||
The average interest rate paid on long-term borrowings for the three month period ended March 31, 2015 was 4.32% compared to 3.95% for the first three months of 2014. | ||||||||||||||||
Subordinated debentures: We have subordinated debt totaling $5.0 million at March 31, 2015 and $16.8 million at December 31, 2014, and March 31, 2014. The subordinated debt qualifies as Tier 2 capital under Federal Reserve Board guidelines until the debt is within 5 years of its maturity; thereafter the amount qualifying as Tier 2 capital is reduced by 20 percent each year until maturity. During 2009, we issued $6.8 million in subordinated debt, of which $5 million was issued to an affiliate of a director of Summit. We also issued $1.0 million and $0.8 million to two unrelated parties. These three issuances bear an interest rate of 10 percent per annum, a term of 10 years, and are not prepayable by us within the first five years. During 2008, we issued $10 million of subordinated debt to an unrelated institution, which bears a variable interest rate of 1 month LIBOR plus 275 basis points and a term of 7.5 years. | ||||||||||||||||
During first quarter 2015, we prepaid in full the $6.8 million subordinated debentures issued in 2009 and prepaid $5.0 million of the subordinated debentures issued in 2008. | ||||||||||||||||
Subordinated debentures owed to unconsolidated subsidiary trusts: We have three statutory business trusts that were formed for the purpose of issuing mandatorily redeemable securities (the “capital securities”) for which we are obligated to third party investors and investing the proceeds from the sale of the capital securities in our junior subordinated debentures (the “debentures”). The debentures held by the trusts are their sole assets. Our subordinated debentures totaled $19.6 million at March 31, 2015, December 31, 2014, and March 31, 2014. | ||||||||||||||||
In October 2002, we sponsored SFG Capital Trust I, in March 2004, we sponsored SFG Capital Trust II, and in December 2005, we sponsored SFG Capital Trust III, of which 100% of the common equity of each trust is owned by us. SFG Capital Trust I issued $3.5 million in capital securities and $109,000 in common securities and invested the proceeds in $3.61 million of debentures. SFG Capital Trust II issued $7.5 million in capital securities and $232,000 in common securities and invested the proceeds in $7.73 million of debentures. SFG Capital Trust III issued $8.0 million in capital securities and $248,000 in common securities and invested the proceeds in $8.25 million of debentures. Distributions on the capital securities issued by the trusts are payable quarterly at a variable interest rate equal to 3 month LIBOR plus 345basis points for SFG Capital Trust I, 3 month LIBOR plus 280basis points for SFG Capital Trust II, and 3 month LIBOR plus 145basis points for SFG Capital Trust III, and equals the interest rate earned on the debentures held by the trusts, and is recorded as interest expense by us. The capital securities are subject to mandatory redemption in whole or in part, upon repayment of the debentures. We have entered into agreements which, taken collectively, fully and unconditionally guarantee the capital securities subject to the terms of the guarantee. The debentures of each Capital Trust are redeemable by us quarterly. | ||||||||||||||||
The capital securities held by SFG Capital Trust I, SFG Capital Trust II, and SFG Capital Trust III qualify as Tier 1 capital under Federal Reserve Board guidelines. In accordance with these Guidelines, trust preferred securities generally are limited to 25% of Tier 1 capital elements, net of goodwill. The amount of trust preferred securities and certain other elements in excess of the limit can be included in Tier 2 capital. | ||||||||||||||||
A summary of the maturities of all long-term borrowings and subordinated debentures for the next five years and thereafter is as follows: | ||||||||||||||||
Dollars in thousands | Long-term | Subordinated | Subordinated | |||||||||||||
borrowings | debentures | debentures owed | ||||||||||||||
to unconsolidated | ||||||||||||||||
subsidiary trusts | ||||||||||||||||
Year Ending December 31, | 2015 | $ | 1,432 | $ | 5,000 | $ | — | |||||||||
2016 | 28,911 | — | — | |||||||||||||
2017 | 918 | — | — | |||||||||||||
2018 | 45,017 | — | — | |||||||||||||
2019 | 18 | — | — | |||||||||||||
Thereafter | 717 | — | 19,589 | |||||||||||||
$ | 77,013 | $ | 5,000 | $ | 19,589 | |||||||||||
Share_Based_Compensation
Share Based Compensation | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||
Share Based Compensation | SHARE BASED COMPENSATION | ||||||||||||||||||||||||
The 2014 Long-Term Incentive Plan (“2014 LTIP”) was adopted by our shareholders in May 2014 to enhance the ability of the Company to attract and retain exceptionally qualified individuals to serve as key employees. The LTIP provides for the issuance of up to 500,000 shares of common stock, in the form of equity awards including stock options, restricted stock, restricted stock units, stock appreciation rights, performance units, other stock-based awards or any combination thereof, to our key employees. No awards have been granted under the 2014 LTIP. | |||||||||||||||||||||||||
Stock options awarded under the 2009 Officer Stock Option Plan and the 1998 Officer Stock Option Plan (collectively, the “Plans”) were not altered by the 2014 LTIP, and remain subject to the terms of the Plans. However, under the terms of the 2014 LTIP, all shares of common stock remaining issuable under the Plans at the time the 2014 LTIP was adopted ceased to be available for future issuance. | |||||||||||||||||||||||||
The fair value of our employee stock options granted under the Plans is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options granted but are not considered by the model. Because our employee stock options have characteristics significantly different from those of traded options and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options at the time of grant. There were no options granted during the first three months of 2015 or 2014. | |||||||||||||||||||||||||
We recognize compensation expense based on the estimated number of stock awards expected to actually vest, exclusive of the awards expected to be forfeited. During the first three months of 2015 and 2014, our stock compensation expense and related deferred taxes were insignificant. | |||||||||||||||||||||||||
A summary of activity in our Plans during the first three months of 2015 and 2014 is as follows: | |||||||||||||||||||||||||
For the Three Months Ended March 31, | |||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||
Options | Weighted-Average | Options | Weighted-Average | ||||||||||||||||||||||
Exercise Price | Exercise Price | ||||||||||||||||||||||||
Outstanding, January 1 | 157,170 | $ | 20.43 | 185,410 | $ | 19.59 | |||||||||||||||||||
Granted | — | — | — | — | |||||||||||||||||||||
Exercised | — | — | (3,200 | ) | 4.63 | ||||||||||||||||||||
Forfeited | — | — | — | — | |||||||||||||||||||||
Expired | — | — | (2,300 | ) | 17.43 | ||||||||||||||||||||
Outstanding, March 31 | 157,170 | $ | 20.43 | 179,910 | $ | 19.88 | |||||||||||||||||||
Other information regarding options outstanding and exercisable at March 31, 2015 is as follows: | |||||||||||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||||||||||
Range of | # of | WAEP | Wted. Avg. | Aggregate | # of | WAEP | Aggregate | ||||||||||||||||||
exercise price | shares | Remaining | Intrinsic | shares | Intrinsic | ||||||||||||||||||||
Contractual | Value | Value | |||||||||||||||||||||||
Life (yrs) | (in thousands) | (in thousands) | |||||||||||||||||||||||
2.54 - $6.00 | 10,750 | $ | 4.36 | 4.46 | $ | 81 | 9,750 | $ | 4.55 | $ | 72 | ||||||||||||||
6.01 - 10.00 | 17,520 | 8.93 | 2.65 | 53 | 17,520 | 8.93 | 53 | ||||||||||||||||||
10.01 - 17.50 | — | — | — | — | — | — | — | ||||||||||||||||||
17.51 - 20.00 | 30,900 | 17.8 | 2.26 | — | 30,900 | 17.8 | — | ||||||||||||||||||
20.01 - 25.93 | 98,000 | 25.08 | 1.54 | — | 98,000 | 25.08 | — | ||||||||||||||||||
157,170 | 20.43 | $ | 134 | 156,170 | 20.54 | $ | 125 | ||||||||||||||||||
Commitments_And_Contingencies
Commitments And Contingencies | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Commitments and Contingencies | COMMITMENTS AND CONTINGENCIES | ||||
Off-Balance Sheet Arrangements | |||||
We are a party to certain financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of our customers. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the statement of financial position. The contract amounts of these instruments reflect the extent of involvement that we have in this class of financial instruments. | |||||
Many of our lending relationships contain both funded and unfunded elements. The funded portion is reflected on our balance sheet. The unfunded portion of these commitments is not recorded on our balance sheet until a draw is made under the loan facility. Since many of the commitments to extend credit may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash flow requirements. | |||||
A summary of the total unfunded, or off-balance sheet, credit extension commitments follows: | |||||
Dollars in thousands | March 31, | ||||
2015 | |||||
Commitments to extend credit: | |||||
Revolving home equity and credit card lines | $ | 54,768 | |||
Construction loans | 24,633 | ||||
Other loans | 44,935 | ||||
Standby letters of credit | 2,599 | ||||
Total | $ | 126,935 | |||
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. We evaluate each customer's credit worthiness on a case-by-case basis. The amount of collateral obtained, if we deem necessary upon extension of credit, is based on our credit evaluation. Collateral held varies but may include accounts receivable, inventory, equipment or real estate. | |||||
Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Standby letters of credit generally are contingent upon the failure of the customer to perform according to the terms of the underlying contract with the third party. | |||||
Our exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. | |||||
Legal Contingencies | |||||
On May 13, 2014, the ResCap Liquidating Trust (“ResCap”), as successor to Residential Funding Company, LLC f/k/a Residential Funding Corporation (“RFC”), filed a complaint against Summit Financial Mortgage, LLC (“Summit Mortgage”), a former residential mortgage subsidiary of Summit whose operations were discontinued in 2007, in the United States Bankruptcy Court for the Southern District of New York and subsequently amended its complaint on July 25, 2014. The Amended Complaint asserts the following three causes of action related to Summit Mortgage’s origination and subsequent sale of mortgage loans to Residential Funding Corporation: 1) Summit Mortgage breached its representations and warranties made in the contract governing the sale of the mortgage loans to RFC; 2) an indemnification claim against Summit Mortgage for damages paid by ResCap to settle claims in RFC’s bankruptcy proceeding which allegedly relate to mortgage loans Summit Mortgage sold to RFC; 3) a claim for damages against Summit Community Bank, Inc., former parent of Summit Mortgage, arising out of a guaranty in which the Bank guaranteed Summit Mortgage’s full performance under the contract governing the sale of mortgage loans to RFC. Summit has filed a motion to dismiss the case. Based upon the applicable statute of limitations, the Court granted our motion to dismiss the breach of contract claim with respect to loans Summit sold to RFC prior to March 14, 2006. The court otherwise denied our motion to dismiss on the grounds that the other arguments raised factual questions that could not be decided on a motion to dismiss. An estimate as to possible loss resulting from the Amended Complaint cannot be provided at this time because such an estimate cannot be made. Summit intends to defend these claims vigorously. | |||||
We are not a party to any other litigation except for matters that arise in the normal course of business. While it is impossible to ascertain the ultimate resolution or range of financial liability with respect to these contingent matters, in the opinion of management, the outcome of these matters will not have a significant adverse effect on the consolidated financial statements. |
Preferred_Stock_Preferred_Stoc
Preferred Stock Preferred Stock | 3 Months Ended |
Mar. 31, 2015 | |
Equity [Abstract] | |
Preferred Stock | PREFERRED STOCK |
On March 12, 2015, we converted all outstanding shares of our 8% Non-Cumulative Convertible Preferred Stock, Series 2009, $1.00 par value, with a liquidation preference of $1,000 per share (the “Series 2009 Preferred Stock”) and our 8% Non-Cumulative Convertible Preferred Stock, Series 2011, $1.00 par value, with a liquidation preference of $500 per share (the “Series 2011 Preferred Stock”) to common shares. |
Common_Stock_Issuances
Common Stock Issuances | 3 Months Ended |
Mar. 31, 2015 | |
Equity [Abstract] | |
Common Stock Issuances | COMMON STOCK ISSUANCES |
We entered into a Securities Purchase Agreement ("SPA") with Castle Creek Capital Partners V, LP ("Castle Creek") on August 25, 2014. In accordance with the terms of the SPA, we agreed to sell 1,057,137 shares of common stock (representing approximately 9.9% of our outstanding common stock) at the price of $9.75 per share to Castle Creek in a private placement. The private placement with Castle Creek consisted of two (2) closings. The first closing for the purchase of 819,384 shares of common stock at an aggregate price of $7,988,994 was consummated on November 25, 2014. The second closing for the purchase of 237,753 shares of common stock at an aggregate price of $2,318,092 was consummated on March 17, 2015 and was conditioned upon, among other things, the conversion into shares of common stock of all of the outstanding shares of our 8% Non-Cumulative Convertible Preferred Stock, Series 2009 and our 8% Non-Cumulative Convertible Preferred Stock, Series 2011 ("the Conversions"), in accordance with the terms of our Articles of Incorporation, as amended. | |
We also agreed under the terms of the SPA to commence, following the second closing of the sale of Common Stock to Castle Creek under the SPA, a rights offering (the “Rights Offering”) to the holders of record of the Common Stock as of a date selected by Summit’s Board of Directors. In the Rights Offering, all holders of Common Stock as of the record date, excluding Castle Creek, will be offered non-transferable rights (“Rights”) to purchase shares of Common Stock at the same per share purchase price of $9.75 used in the Private Placement to Castle Creek. The aggregate number of shares that will be offered for sale in connection with the Rights Offering is 256,410 and, if all shares offered are purchased, the Company expects to yield total gross proceeds of $2.5 million, prior to any fees and expenses associated with the sale. The Rights have been distributed to all of the holders of the Common Stock, excluding Castle Creek, on a pro rata basis, based on the number of shares of Common Stock owned by each shareholder as of April 10, 2015, the record date used in connection with the Rights Offering. The Rights Offering expires May 29, 2015. |
Regulatory_Matters
Regulatory Matters | 3 Months Ended | |||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||
Banking and Thrift [Abstract] | ||||||||||||||||||||||
Regulatory Matters | REGULATORY MATTERS | |||||||||||||||||||||
We and our subsidiaries are subject to various regulatory capital requirements administered by the banking regulatory agencies. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, we and each of our subsidiaries must meet specific capital guidelines that involve quantitative measures of our and our subsidiaries’ assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. We and each of our subsidiaries’ capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. | ||||||||||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require us and each of our subsidiaries to maintain minimum amounts and ratios of total and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to average assets (as defined). We believe, as of March 31, 2015, that we and each of our subsidiaries met all capital adequacy requirements to which they were subject. | ||||||||||||||||||||||
The most recent notifications from the banking regulatory agencies categorized us and each of our subsidiaries as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, we and each of our subsidiaries must maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the table below. | ||||||||||||||||||||||
The Basel III Capital Rules became effective for us on January 1, 2015, with full compliance with all of the final rule's requirements phased in over a multi-year schedule, to be fully phased-in by January 1, 2019. As of March 31, 2015, our capital levels remained characterized as "well-capitalized" under the new rules. See the Capital Requirements section included in Part I Item 1 Business of our 2014 Annual Report on Form 10-K for further discussion of Basel III. | ||||||||||||||||||||||
The following table presents Summit's, as well as our subsidiary, Summit Community Bank's ("Summit Community"), actual and required minimum capital amounts and ratios as of March 31, 2015 under the Basel III Capital Rules. The minimum required capital levels presented below as of March 31, 2015 reflect the minimum required capital levels (inclusive of the full capital conservation buffers) that will be effective as of January 1, 2019 when the Basel III Capital Rules have been fully phased-in. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. | ||||||||||||||||||||||
Actual | Minimum Required Capital - Basel III Fully Phased-in | Minimum Required To Be Well Capitalized | ||||||||||||||||||||
Dollars in thousands | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||
As of March 31, 2015 | ||||||||||||||||||||||
CET1 (to risk weighted assets) | ||||||||||||||||||||||
Summit | $ | 127,848 | 11.4 | % | $ | 78,503 | 7 | % | $ | 72,896 | 6.5 | % | ||||||||||
Summit Community | 151,685 | 13.5 | % | 78,651 | 7 | % | 73,034 | 6.5 | % | |||||||||||||
Tier I Capital (to risk weighted assets) | ||||||||||||||||||||||
Summit | 146,848 | 13.1 | % | 95,283 | 8.5 | % | 89,678 | 8 | % | |||||||||||||
Summit Community | 151,685 | 13.5 | % | 95,505 | 8.5 | % | 89,887 | 8 | % | |||||||||||||
Total Capital (to risk weighted assets) | ||||||||||||||||||||||
Summit | 157,675 | 14.1 | % | 117,418 | 10.5 | % | 111,826 | 10 | % | |||||||||||||
Summit Community | 162,512 | 14.5 | % | 117,681 | 10.5 | % | 112,077 | 10 | % | |||||||||||||
Tier I Capital (to average assets) | ||||||||||||||||||||||
Summit | 146,848 | 10.1 | % | 58,158 | 4 | % | 72,697 | 5 | % | |||||||||||||
Summit Community | 151,685 | 10.5 | % | 57,785 | 4 | % | 72,231 | 5 | % | |||||||||||||
Summit's, as well as Summit Community's, actual capital amounts and ratios as of December 31, 2014, as computed under the regulatory capital rules then in effect, are presented in the following table. | ||||||||||||||||||||||
Actual | Minimum Required Capital | Minimum Required To Be Well Capitalized | ||||||||||||||||||||
Dollars in thousands | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||
As of December 31, 2014 | ||||||||||||||||||||||
Tier I Capital (to risk weighted assets) | ||||||||||||||||||||||
Summit | 141,589 | 13.3 | % | 42,583 | 4 | % | 63,875 | 6 | % | |||||||||||||
Summit Community | 150,653 | 14.2 | % | 42,437 | 4 | % | 63,656 | 6 | % | |||||||||||||
Total Capital (to risk weighted assets) | ||||||||||||||||||||||
Summit | 158,196 | 14.9 | % | 84,937 | 8 | % | 106,172 | 10 | % | |||||||||||||
Summit Community | 161,820 | 15.3 | % | 84,612 | 8 | % | 105,765 | 10 | % | |||||||||||||
Tier I Capital (to average assets) | ||||||||||||||||||||||
Summit | 141,589 | 9.9 | % | 57,208 | 4 | % | 71,510 | 5 | % | |||||||||||||
Summit Community | 150,653 | 10.6 | % | 56,850 | 4 | % | 71,063 | 5 | % | |||||||||||||
Segment_Information
Segment Information | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||
Segment Information | SEGMENT INFORMATION | ||||||||||||||||||||
We operate two business segments: community banking and insurance & financial services. These segments are primarily identified by the products or services offered. The community banking segment consists of our full service banks which offer customers traditional banking products and services through various delivery channels. The insurance & financial services segment includes three insurance agency offices that sell insurance products. The accounting policies discussed throughout the notes to the consolidated financial statements apply to each of our business segments. | |||||||||||||||||||||
Inter-segment revenue and expense consists of management fees allocated to the community banking and the insurance & financial services segments for all centralized functions that are performed by the parent, including overall direction in the areas of strategic planning, investment portfolio management, asset/liability management, financial reporting and other financial and administrative services. Information for each of our segments is included below: | |||||||||||||||||||||
Three Months Ended March 31, 2015 | |||||||||||||||||||||
Dollars in thousands | Community | Insurance & | Parent | Eliminations | Total | ||||||||||||||||
Banking | Financial | ||||||||||||||||||||
Services | |||||||||||||||||||||
Net interest income | $ | 11,751 | $ | — | $ | (231 | ) | $ | — | $ | 11,520 | ||||||||||
Provision for loan losses | 250 | — | — | — | 250 | ||||||||||||||||
Net interest income after provision for loan losses | 11,501 | — | (231 | ) | — | 11,270 | |||||||||||||||
Other income | 1,849 | 1,290 | 283 | (283 | ) | 3,139 | |||||||||||||||
Other expenses | 6,857 | 1,055 | 575 | (283 | ) | 8,204 | |||||||||||||||
Income (loss) before income taxes | 6,493 | 235 | (523 | ) | — | 6,205 | |||||||||||||||
Income tax expense (benefit) | 2,035 | 64 | (179 | ) | — | 1,920 | |||||||||||||||
Net income (loss) | 4,458 | 171 | (344 | ) | — | 4,285 | |||||||||||||||
Dividends on preferred shares | — | — | — | — | — | ||||||||||||||||
Net income (loss) applicable to common shares | $ | 4,458 | $ | 171 | $ | (344 | ) | $ | — | $ | 4,285 | ||||||||||
Inter-segment revenue (expense) | $ | (256 | ) | $ | (27 | ) | $ | 283 | $ | — | $ | — | |||||||||
Average assets | $ | 1,488,109 | $ | 5,893 | $ | 168,954 | $ | (208,885 | ) | $ | 1,454,071 | ||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||
Dollars in thousands | Community | Insurance & | Parent | Eliminations | Total | ||||||||||||||||
Banking | Financial | ||||||||||||||||||||
Services | |||||||||||||||||||||
Net interest income | $ | 10,511 | $ | — | $ | (473 | ) | $ | — | $ | 10,038 | ||||||||||
Provision for loan losses | 1,000 | — | — | — | 1,000 | ||||||||||||||||
Net interest income after provision for loan losses | 9,511 | — | (473 | ) | — | 9,038 | |||||||||||||||
Other income | 1,410 | 1,373 | 293 | (293 | ) | 2,783 | |||||||||||||||
Other expenses | 7,349 | 1,028 | 414 | (293 | ) | 8,498 | |||||||||||||||
Income (loss) before income taxes | 3,572 | 345 | (594 | ) | — | 3,323 | |||||||||||||||
Income tax expense (benefit) | 982 | 121 | (169 | ) | — | 934 | |||||||||||||||
Net income (loss) | 2,590 | 224 | (425 | ) | — | 2,389 | |||||||||||||||
Dividends on preferred shares | — | — | 193 | — | 193 | ||||||||||||||||
Net income (loss) applicable to common shares | $ | 2,590 | $ | 224 | $ | (618 | ) | $ | — | $ | 2,196 | ||||||||||
Inter-segment revenue (expense) | $ | (264 | ) | $ | (29 | ) | $ | 293 | $ | — | $ | — | |||||||||
Average assets | $ | 1,442,219 | $ | 5,978 | $ | 160,346 | $ | (216,040 | ) | $ | 1,392,503 | ||||||||||
Derivative_Financial_Instrumen
Derivative Financial Instruments | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||
Derivative Financial Instruments | DERIVATIVE FINANCIAL INSTRUMENTS | |||||||||||||||
We use derivative instruments primarily to protect against the risk of adverse interest rate movements on the cash flows of certain liabilities and the fair values of certain assets. Derivative instruments represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based upon a notional amount and an underlying as specified in the contract. A notional amount represents the number of units of a specific item, such as currency units. An underlying represents a variable, such as an interest rate or price index. The amount of cash or other asset delivered from one party to the other is determined based upon the interaction of the notional amount of the contract with the underlying. Derivatives can also be implicit in certain contracts and commitments. | ||||||||||||||||
As with any financial instrument, derivative instruments have inherent risks, primarily market and credit risk. Market risk associated with changes in interest rates is managed by establishing and monitoring limits as to the degree of risk that may be undertaken as part of our overall market risk monitoring process. Credit risk occurs when a counterparty to a derivative contract with an unrealized gain fails to perform according to the terms of the agreement. Credit risk is managed by monitoring the size and maturity structure of the derivative portfolio, and applying uniform credit standards to all activities with credit risk. | ||||||||||||||||
In accordance with ASC 815, Derivatives and Hedging, all derivative instruments are recorded on the balance sheet at fair value. Changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and, if it is, depending on the type of hedge transaction. | ||||||||||||||||
Fair-value hedges – For transactions in which we are hedging changes in fair value of an asset, liability, or a firm commitment, changes in the fair value of the derivative instrument are generally offset in the income statement by changes in the hedged item’s fair value. | ||||||||||||||||
Cash-flow hedges – For transactions in which we are hedging the variability of cash flows related to a variable-rate asset, liability, or a forecasted transaction, changes in the fair value of the derivative instrument are reported in other comprehensive income. The gains and losses on the derivative instrument, which are reported in comprehensive income, are reclassified to earnings in the periods in which earnings are impacted by the variability of cash flows of the hedged item. | ||||||||||||||||
The ineffective portion of all hedges is recognized in current period earnings. | ||||||||||||||||
Other derivative instruments – For risk management purposes that do not meet the hedge accounting criteria and, therefore, do not qualify for hedge accounting. These derivative instruments are accounted for at fair value with changes in fair value recorded in the income statement. | ||||||||||||||||
We have entered into three forward-starting, pay-fixed/receive LIBOR interest rate swaps. $40 million notional with an effective date of July 18, 2016, was designated as a cash flow hedge of $40 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 2.98% for a 3 year period. $30 million notional with an effective date of April 18, 2016, was designated as a cash flow hedge of $30 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 2.89% for a 4.5 year period. $40 million notional with an effective date of October 18, 2016, was designated as a cash flow hedge of $40 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of the swap we will pay a fixed rate of 2.84% for a 3 year period. | ||||||||||||||||
On January 15, 2015, we entered into a $9.95 million notional pay fixed/receive variable interest rate swap to hedge the fair value variability of a commercial fixed rate loan with the same principal, amortization, and maturity terms of the underlying loan, which is designated as a fair value hedge. Under the terms of the swap, we will pay a fixed rate of 4.33% for a 10 year period. | ||||||||||||||||
A summary of our derivative financial instruments as of March 31, 2015 and December 31, 2014 follows: | ||||||||||||||||
March 31, 2015 | ||||||||||||||||
Derivative Fair Value | Net Ineffective | |||||||||||||||
Dollars in thousands | Notional | Asset | Liability | Hedge Gains/(Losses) | ||||||||||||
Amount | ||||||||||||||||
CASH FLOW HEDGES | ||||||||||||||||
Pay-fixed/receive-variable interest rate swaps | ||||||||||||||||
Long term borrowings | $ | 110,000 | $ | — | $ | 4,323 | $ | — | ||||||||
March 31, 2015 | ||||||||||||||||
Derivative Fair Value | Net Ineffective | |||||||||||||||
Dollars in thousands | Notional | Asset | Liability | Hedge Gains/(Losses) | ||||||||||||
Amount | ||||||||||||||||
FAIR VALUE HEDGES | ||||||||||||||||
Pay-fixed/receive-variable interest rate swaps | ||||||||||||||||
Commercial loan | $ | 9,950 | $ | 31 | $ | — | $ | — | ||||||||
December 31, 2014 | ||||||||||||||||
Derivative Fair Value | Net Ineffective | |||||||||||||||
Dollars in thousands | Notional | Asset | Liability | Hedge Gains/(Losses) | ||||||||||||
Amount | ||||||||||||||||
CASH FLOW HEDGES | ||||||||||||||||
Pay-fixed/receive-variable interest rate swaps | ||||||||||||||||
Long term borrowings | $ | 110,000 | $ | — | $ | 2,911 | $ | — | ||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis. | ||||||||||||||||
Balance at | Fair Value Measurements Using: | ||||||||||||||||
Dollars in thousands | March 31, 2015 | Level 1 | Level 2 | Level 3 | |||||||||||||
Available for sale securities | |||||||||||||||||
U.S. Government sponsored agencies | $ | 22,837 | $ | — | $ | 22,837 | $ | — | |||||||||
Mortgage backed securities: | |||||||||||||||||
Government sponsored agencies | 156,815 | — | 156,815 | — | |||||||||||||
Nongovernment sponsored entities | 11,068 | — | 11,068 | — | |||||||||||||
State and political subdivisions | 8,470 | — | 8,470 | — | |||||||||||||
Corporate debt securities | 6,665 | — | 2,876 | 3,789 | |||||||||||||
Other equity securities | 7 | — | 7 | — | |||||||||||||
Tax-exempt state and political subdivisions | 76,273 | — | 76,273 | — | |||||||||||||
Total available for sale securities | $ | 282,135 | $ | — | $ | 278,346 | $ | 3,789 | |||||||||
Derivative financial liabilities | |||||||||||||||||
Interest rate swaps | $ | 4,292 | $ | — | $ | 4,292 | $ | — | |||||||||
Balance at | Fair Value Measurements Using: | ||||||||||||||||
Dollars in thousands | December 31, 2014 | Level 1 | Level 2 | Level 3 | |||||||||||||
Available for sale securities | |||||||||||||||||
U.S. Government sponsored agencies | $ | 23,174 | $ | — | $ | 23,174 | $ | — | |||||||||
Mortgage backed securities: | |||||||||||||||||
Government sponsored agencies | 149,777 | — | 149,777 | — | |||||||||||||
Nongovernment sponsored entities | 12,145 | — | 12,145 | — | |||||||||||||
State and political subdivisions | 8,694 | — | 8,694 | — | |||||||||||||
Corporate debt securities | 3,776 | — | — | 3,776 | |||||||||||||
Other equity securities | 7 | — | 7 | — | |||||||||||||
Tax-exempt state and political subdivisions | 85,261 | — | 85,261 | — | |||||||||||||
Total available for sale securities | $ | 282,834 | $ | — | $ | 279,058 | $ | 3,776 | |||||||||
Derivative financial liabilities | |||||||||||||||||
Interest rate swaps | $ | 2,911 | $ | — | $ | 2,911 | $ | — | |||||||||
Fair Value Measurements, Nonrecurring | Assets measured at fair value on a nonrecurring basis are included in the table below. | ||||||||||||||||
Balance at | Fair Value Measurements Using: | ||||||||||||||||
Dollars in thousands | March 31, 2015 | Level 1 | Level 2 | Level 3 | |||||||||||||
Residential mortgage loans held for sale | $ | 85 | $ | — | $ | 85 | $ | — | |||||||||
Collateral-dependent impaired loans | |||||||||||||||||
Commercial | $ | — | $ | — | $ | — | $ | — | |||||||||
Commercial real estate | 170 | — | 170 | — | |||||||||||||
Construction and development | 722 | — | 722 | — | |||||||||||||
Residential real estate | 1,424 | — | 1,424 | — | |||||||||||||
Total collateral-dependent impaired loans | $ | 2,316 | $ | — | $ | 2,316 | $ | — | |||||||||
Foreclosed properties | |||||||||||||||||
Commercial real estate | 2,346 | — | 2,346 | — | |||||||||||||
Construction and development | 20,198 | — | 20,124 | 74 | |||||||||||||
Residential real estate | 1,669 | — | 773 | 896 | |||||||||||||
Total foreclosed properties | $ | 24,213 | $ | — | $ | 23,243 | $ | 970 | |||||||||
Balance at | Fair Value Measurements Using: | ||||||||||||||||
Dollars in thousands | December 31, 2014 | Level 1 | Level 2 | Level 3 | |||||||||||||
Residential mortgage loans held for sale | $ | 527 | $ | — | $ | 527 | $ | — | |||||||||
Collateral-dependent impaired loans | |||||||||||||||||
Commercial | $ | 44 | — | $ | — | $ | 44 | ||||||||||
Commercial real estate | 344 | — | 344 | — | |||||||||||||
Construction and development | 852 | — | 852 | — | |||||||||||||
Residential real estate | 312 | — | 312 | — | |||||||||||||
Total collateral-dependent impaired loans | $ | 1,552 | $ | — | $ | 1,508 | $ | 44 | |||||||||
Foreclosed properties | |||||||||||||||||
Commercial real estate | 3,892 | — | 3,892 | — | |||||||||||||
Construction and development | 20,952 | — | 20,841 | 111 | |||||||||||||
Residential real estate | 2,025 | — | 2,025 | — | |||||||||||||
Total foreclosed properties | $ | 26,869 | $ | — | $ | 26,758 | $ | 111 | |||||||||
Fair Value, by Balance Sheet Grouping | The carrying values and estimated fair values of our financial instruments are summarized below: | ||||||||||||||||
March 31, 2015 | December 31, 2014 | ||||||||||||||||
Dollars in thousands | Carrying | Estimated | Carrying | Estimated | |||||||||||||
Value | Fair | Value | Fair | ||||||||||||||
Value | Value | ||||||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 12,287 | $ | 12,287 | $ | 12,510 | $ | 12,510 | |||||||||
Securities available for sale | 282,135 | 282,135 | 282,834 | 282,834 | |||||||||||||
Other investments | 7,247 | 7,247 | 6,183 | 6,183 | |||||||||||||
Loans held for sale, net | 85 | 85 | 527 | 527 | |||||||||||||
Loans, net | 1,039,669 | 1,054,159 | 1,019,842 | 1,033,890 | |||||||||||||
Accrued interest receivable | 5,564 | 5,564 | 5,838 | 5,838 | |||||||||||||
$ | 1,346,987 | $ | 1,361,477 | $ | 1,327,734 | $ | 1,341,782 | ||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 1,058,308 | $ | 1,075,963 | $ | 1,061,314 | $ | 1,078,406 | |||||||||
Short-term borrowings | 148,985 | 148,985 | 123,633 | 123,633 | |||||||||||||
Long-term borrowings | 77,013 | 84,146 | 77,490 | 84,732 | |||||||||||||
Subordinated debentures | 5,000 | 5,000 | 16,800 | 16,800 | |||||||||||||
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | 19,589 | 19,589 | |||||||||||||
Accrued interest payable | 828 | 828 | 812 | 812 | |||||||||||||
Derivative financial liabilities | 4,292 | 4,292 | 2,911 | 2,911 | |||||||||||||
$ | 1,314,015 | $ | 1,338,803 | $ | 1,302,549 | $ | 1,326,883 | ||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 3 Months Ended | ||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||
Earnings Per Share [Abstract] | |||||||||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted | The computations of basic and diluted earnings per share follow: | ||||||||||||||||||||||
For the Three Months Ended March 31, | |||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||
Dollars in thousands, | Income | Common | Per | Income | Common | Per | |||||||||||||||||
except per share amounts | (Numerator) | Shares | Share | (Numerator) | Shares | Share | |||||||||||||||||
(Denominator) | (Denominator) | ||||||||||||||||||||||
Net income | $ | 4,285 | $ | 2,389 | |||||||||||||||||||
Less preferred stock dividends | — | (193 | ) | ||||||||||||||||||||
Basic EPS | $ | 4,285 | 8,815,961 | $ | 0.49 | $ | 2,196 | 7,453,370 | $ | 0.29 | |||||||||||||
Effect of dilutive securities: | |||||||||||||||||||||||
Stock options | 8,567 | 9,762 | |||||||||||||||||||||
Series 2011 convertible | — | 1,158,250 | 119 | 1,491,250 | |||||||||||||||||||
preferred stock | |||||||||||||||||||||||
Series 2009 convertible | — | 510,545 | 74 | 674,545 | |||||||||||||||||||
preferred stock | |||||||||||||||||||||||
Diluted EPS | $ | 4,285 | 10,493,323 | $ | 0.41 | $ | 2,389 | 9,628,927 | $ | 0.25 | |||||||||||||
Securities_Tables
Securities (Tables) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ||||||||||||||||||||||||
Available-for-sale Securities | The amortized cost, unrealized gains, unrealized losses and estimated fair values of securities at March 31, 2015, December 31, 2014, and March 31, 2014 are summarized as follows: | |||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
Amortized | Unrealized | Estimated | ||||||||||||||||||||||
Dollars in thousands | Cost | Gains | Losses | Fair Value | ||||||||||||||||||||
Available for Sale | ||||||||||||||||||||||||
Taxable debt securities | ||||||||||||||||||||||||
U.S. Government and agencies and corporations | $ | 21,650 | $ | 1,227 | $ | 40 | $ | 22,837 | ||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||
Government-sponsored agencies | 153,904 | 3,412 | 501 | 156,815 | ||||||||||||||||||||
Nongovernment-sponsored entities | 11,034 | 105 | 71 | 11,068 | ||||||||||||||||||||
State and political subdivisions | ||||||||||||||||||||||||
General obligations | 1,617 | 34 | — | 1,651 | ||||||||||||||||||||
Water and sewer revenues | 1,969 | 21 | — | 1,990 | ||||||||||||||||||||
Lottery/casino revenues | 3,084 | 9 | 28 | 3,065 | ||||||||||||||||||||
Other revenues | 1,697 | 67 | — | 1,764 | ||||||||||||||||||||
Corporate debt securities | 6,675 | — | 10 | 6,665 | ||||||||||||||||||||
Total taxable debt securities | 201,630 | 4,875 | 650 | 205,855 | ||||||||||||||||||||
Tax-exempt debt securities | ||||||||||||||||||||||||
State and political subdivisions | ||||||||||||||||||||||||
General obligations | 47,947 | 2,050 | 136 | 49,861 | ||||||||||||||||||||
Water and sewer revenues | 10,302 | 278 | 1 | 10,579 | ||||||||||||||||||||
Special tax revenues | 2,272 | 53 | — | 2,325 | ||||||||||||||||||||
Lottery/casino revenues | 2,800 | 163 | — | 2,963 | ||||||||||||||||||||
Other revenues | 10,246 | 313 | 14 | 10,545 | ||||||||||||||||||||
Total tax-exempt debt securities | 73,567 | 2,857 | 151 | 76,273 | ||||||||||||||||||||
Equity securities | 7 | — | — | 7 | ||||||||||||||||||||
Total available for sale securities | $ | 275,204 | $ | 7,732 | $ | 801 | $ | 282,135 | ||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||
Amortized | Unrealized | Estimated | ||||||||||||||||||||||
Dollars in thousands | Cost | Gains | Losses | Fair Value | ||||||||||||||||||||
Available for Sale | ||||||||||||||||||||||||
Taxable debt securities | ||||||||||||||||||||||||
U.S. Government and agencies and corporations | $ | 22,153 | $ | 1,073 | $ | 52 | $ | 23,174 | ||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||
Government-sponsored agencies | 147,951 | 2,599 | 773 | 149,777 | ||||||||||||||||||||
Nongovernment-sponsored entities | 12,051 | 142 | 48 | 12,145 | ||||||||||||||||||||
State and political subdivisions | ||||||||||||||||||||||||
General obligations | 1,975 | 2 | 33 | 1,944 | ||||||||||||||||||||
Water and sewer revenues | 1,976 | 14 | 7 | 1,983 | ||||||||||||||||||||
Other revenues | 4,696 | 73 | 2 | 4,767 | ||||||||||||||||||||
Corporate debt securities | 3,776 | — | — | 3,776 | ||||||||||||||||||||
Total taxable debt securities | 194,578 | 3,903 | 915 | 197,566 | ||||||||||||||||||||
Tax-exempt debt securities | ||||||||||||||||||||||||
State and political subdivisions | ||||||||||||||||||||||||
General obligations | 49,515 | 2,338 | 12 | 51,841 | ||||||||||||||||||||
Water and sewer revenues | 11,258 | 244 | 3 | 11,499 | ||||||||||||||||||||
Lease revenues | 4,617 | 75 | 10 | 4,682 | ||||||||||||||||||||
Lottery/casino revenues | 3,811 | 206 | 9 | 4,008 | ||||||||||||||||||||
Other revenues | 12,845 | 404 | 18 | 13,231 | ||||||||||||||||||||
Total tax-exempt debt securities | 82,046 | 3,267 | 52 | 85,261 | ||||||||||||||||||||
Equity securities | 7 | — | — | 7 | ||||||||||||||||||||
Total available for sale securities | $ | 276,631 | $ | 7,170 | $ | 967 | $ | 282,834 | ||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||
Amortized | Unrealized | Estimated | ||||||||||||||||||||||
Dollars in thousands | Cost | Gains | Losses | Fair Value | ||||||||||||||||||||
Available for Sale | ||||||||||||||||||||||||
Taxable debt securities: | ||||||||||||||||||||||||
U.S. Government and agencies and corporations | $ | 27,658 | $ | 736 | $ | 78 | $ | 28,316 | ||||||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||
Government-sponsored agencies | 142,644 | 2,230 | 1,060 | 143,814 | ||||||||||||||||||||
Nongovernment-sponsored agencies | 10,429 | 377 | 19 | 10,787 | ||||||||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
General obligations | 5,681 | 7 | 209 | 5,479 | ||||||||||||||||||||
Water and sewer revenues | 2,389 | 8 | 60 | 2,337 | ||||||||||||||||||||
Other revenues | 3,021 | — | 106 | 2,915 | ||||||||||||||||||||
Corporate debt securities | 3,977 | 25 | 4 | 3,998 | ||||||||||||||||||||
Total taxable debt securities | 195,799 | 3,383 | 1,536 | 197,646 | ||||||||||||||||||||
Tax-exempt debt securities: | ||||||||||||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
General obligations | 45,761 | 1,109 | 504 | 46,366 | ||||||||||||||||||||
Water and sewer revenues | 14,033 | 64 | 110 | 13,987 | ||||||||||||||||||||
Lease revenues | 9,079 | 47 | 168 | 8,958 | ||||||||||||||||||||
Lottery/casino revenues | 4,428 | 102 | 79 | 4,451 | ||||||||||||||||||||
Other revenues | 10,334 | 115 | 69 | 10,380 | ||||||||||||||||||||
Total tax-exempt debt securities | 83,635 | 1,437 | 930 | 84,142 | ||||||||||||||||||||
Equity securities | 77 | — | — | 77 | ||||||||||||||||||||
Total available for sale securities | $ | 279,511 | $ | 4,820 | $ | 2,466 | $ | 281,865 | ||||||||||||||||
Summary Of Volume of State and Political Subdivision Securities Held in Portfolio | We own no such securities of any single issuer which we deem to be a concentration. | |||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
Amortized | Unrealized | Estimated | ||||||||||||||||||||||
Dollars in thousands | Cost | Gains | Losses | Fair Value | ||||||||||||||||||||
West Virginia | $ | 13,083 | $ | 314 | $ | 1 | $ | 13,396 | ||||||||||||||||
Illinois | 12,503 | 378 | 26 | 12,855 | ||||||||||||||||||||
California | 10,999 | 527 | 25 | 11,501 | ||||||||||||||||||||
Ohio | 7,621 | 39 | 26 | 7,634 | ||||||||||||||||||||
Washington | 5,845 | 283 | 40 | 6,088 | ||||||||||||||||||||
Investments Classified by Contractual Maturity Date | The maturities, amortized cost and estimated fair values of securities at March 31, 2015, are summarized as follows: | |||||||||||||||||||||||
Dollars in thousands | Amortized | Estimated | ||||||||||||||||||||||
Cost | Fair Value | |||||||||||||||||||||||
Due in one year or less | $ | 63,900 | $ | 65,018 | ||||||||||||||||||||
Due from one to five years | 98,613 | 100,486 | ||||||||||||||||||||||
Due from five to ten years | 24,470 | 25,230 | ||||||||||||||||||||||
Due after ten years | 88,214 | 91,394 | ||||||||||||||||||||||
Equity securities | 7 | 7 | ||||||||||||||||||||||
$ | 275,204 | $ | 282,135 | |||||||||||||||||||||
Schedule of Realized Gain (Loss) | The proceeds from sales, calls and maturities of available for sale securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the three months ended March 31, 2015 are as follows: | |||||||||||||||||||||||
Proceeds from | Gross realized | |||||||||||||||||||||||
Dollars in thousands | Sales | Calls and | Principal | Gains | Losses | |||||||||||||||||||
Maturities | Payments | |||||||||||||||||||||||
Securities available for sale | $ | 26,835 | $ | 365 | $ | 8,621 | $ | 549 | $ | 69 | ||||||||||||||
Schedule of Unrealized Loss on Investments | Provided below is a summary of securities available for sale which were in an unrealized loss position at March 31, 2015 and December 31, 2014, including debt securities for which a portion of other-than-temporary impairment has been recognized in other comprehensive income. | |||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Dollars in thousands | Estimated | Unrealized | Estimated | Unrealized | Estimated | Unrealized | ||||||||||||||||||
Fair Value | Loss | Fair Value | Loss | Fair Value | Loss | |||||||||||||||||||
Temporarily impaired securities | ||||||||||||||||||||||||
Taxable debt securities | ||||||||||||||||||||||||
U.S. Government agencies and corporations | $ | — | $ | — | $ | 3,599 | $ | 40 | $ | 3,599 | $ | 40 | ||||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||
Government-sponsored agencies | 26,814 | 457 | 4,080 | 44 | 30,894 | 501 | ||||||||||||||||||
Nongovernment-sponsored entities | 6,718 | 71 | — | — | 6,718 | 71 | ||||||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
Lottery/casino revenues | 1,834 | 28 | — | — | 1,834 | 28 | ||||||||||||||||||
Corporate debt securities | 2,875 | 10 | — | — | 2,875 | 10 | ||||||||||||||||||
Tax-exempt debt securities | ||||||||||||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
General obligations | 10,165 | 136 | — | — | 10,165 | 136 | ||||||||||||||||||
Water and sewer revenues | 284 | 1 | — | — | 284 | 1 | ||||||||||||||||||
Other revenues | 573 | 8 | 267 | 6 | 840 | 14 | ||||||||||||||||||
Total temporarily impaired securities | 49,263 | 711 | 7,946 | 90 | 57,209 | 801 | ||||||||||||||||||
Total other-than-temporarily | ||||||||||||||||||||||||
impaired securities | — | — | — | — | — | — | ||||||||||||||||||
Total | $ | 49,263 | $ | 711 | $ | 7,946 | $ | 90 | $ | 57,209 | $ | 801 | ||||||||||||
December 31, 2014 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Dollars in thousands | Estimated | Unrealized | Estimated | Unrealized | Estimated | Unrealized | ||||||||||||||||||
Fair Value | Loss | Fair Value | Loss | Fair Value | Loss | |||||||||||||||||||
Temporarily impaired securities | ||||||||||||||||||||||||
Taxable debt securities | ||||||||||||||||||||||||
U.S. Government agencies and corporations | $ | — | $ | — | $ | 3,912 | $ | (52 | ) | $ | 3,912 | $ | (52 | ) | ||||||||||
Residential mortgage-backed securities: | ||||||||||||||||||||||||
Government-sponsored agencies | 36,825 | (535 | ) | 21,915 | (238 | ) | 58,740 | (773 | ) | |||||||||||||||
Nongovernment-sponsored entities | 5,488 | (44 | ) | 2,163 | (4 | ) | 7,651 | (48 | ) | |||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
General obligations | — | — | 316 | (33 | ) | 316 | (33 | ) | ||||||||||||||||
Water and sewer revenues | — | — | 817 | (7 | ) | 817 | (7 | ) | ||||||||||||||||
Other revenues | 1,098 | (2 | ) | — | — | 1,098 | (2 | ) | ||||||||||||||||
Tax-exempt debt securities | ||||||||||||||||||||||||
State and political subdivisions: | ||||||||||||||||||||||||
General obligations | 3,708 | (8 | ) | 438 | (4 | ) | 4,146 | (12 | ) | |||||||||||||||
Water and sewer revenues | 721 | (3 | ) | — | — | 721 | (3 | ) | ||||||||||||||||
Lease revenues | — | — | 1,168 | (10 | ) | 1,168 | (10 | ) | ||||||||||||||||
Lottery/casino revenues | — | — | 1,126 | (9 | ) | 1,126 | (9 | ) | ||||||||||||||||
Other revenues | 1,247 | (8 | ) | 846 | (10 | ) | 2,093 | (18 | ) | |||||||||||||||
Total temporarily impaired securities | 49,087 | (600 | ) | 32,701 | (367 | ) | 81,788 | (967 | ) | |||||||||||||||
Total other-than-temporarily | ||||||||||||||||||||||||
impaired securities | — | — | — | — | — | — | ||||||||||||||||||
Total | $ | 49,087 | $ | (600 | ) | $ | 32,701 | $ | (367 | ) | $ | 81,788 | $ | (967 | ) | |||||||||
Loans_Tables
Loans (Tables) | 3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||
Summary Of Loans, Net Of Unearned Fees | Loans are summarized as follows: | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | March 31, | December 31, | March 31, | |||||||||||||||||||||||||||||||||||||||||
2015 | 2014 | 2014 | ||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 89,928 | $ | 88,590 | $ | 93,517 | ||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 180,269 | 157,783 | 150,025 | |||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 325,764 | 317,136 | 297,197 | |||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 66,558 | 67,881 | 67,342 | |||||||||||||||||||||||||||||||||||||||||
Construction | 19,094 | 28,591 | 18,327 | |||||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 219,938 | 220,071 | 215,665 | |||||||||||||||||||||||||||||||||||||||||
Jumbo | 50,492 | 52,879 | 51,406 | |||||||||||||||||||||||||||||||||||||||||
Home equity | 68,894 | 67,115 | 56,161 | |||||||||||||||||||||||||||||||||||||||||
Consumer | 18,485 | 19,456 | 19,106 | |||||||||||||||||||||||||||||||||||||||||
Other | 11,074 | 11,507 | 5,037 | |||||||||||||||||||||||||||||||||||||||||
Total loans, net of unearned fees | 1,050,496 | 1,031,009 | 973,783 | |||||||||||||||||||||||||||||||||||||||||
Less allowance for loan losses | 10,827 | 11,167 | 11,069 | |||||||||||||||||||||||||||||||||||||||||
Loans, net | $ | 1,039,669 | $ | 1,019,842 | $ | 962,714 | ||||||||||||||||||||||||||||||||||||||
Schedule Of Contractual Aging Of Recorded Investment In Past Due Loans By Class | The following table presents the contractual aging of the recorded investment in past due loans by class as of March 31, 2015 and 2014 and December 31, 2014. | |||||||||||||||||||||||||||||||||||||||||||
At March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Past Due | > 90 days and Accruing | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 30-59 days | 60-89 days | > 90 days | Total | Current | |||||||||||||||||||||||||||||||||||||||
Commercial | $ | 388 | $ | — | $ | 744 | $ | 1,132 | $ | 88,796 | $ | — | ||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 119 | — | 629 | 748 | 179,521 | — | ||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 664 | — | 406 | 1,070 | 324,694 | — | ||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 1,376 | 1,361 | 4,980 | 7,717 | 58,841 | — | ||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | 19,094 | — | ||||||||||||||||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 2,891 | 1,090 | 1,888 | 5,869 | 214,069 | — | ||||||||||||||||||||||||||||||||||||||
Jumbo | — | — | 713 | 713 | 49,779 | — | ||||||||||||||||||||||||||||||||||||||
Home equity | 395 | — | 172 | 567 | 68,327 | — | ||||||||||||||||||||||||||||||||||||||
Consumer | 139 | 62 | 22 | 223 | 18,262 | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | 11,074 | — | ||||||||||||||||||||||||||||||||||||||
Total | $ | 5,972 | $ | 2,513 | $ | 9,554 | $ | 18,039 | $ | 1,032,457 | $ | — | ||||||||||||||||||||||||||||||||
At December 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
Past Due | > 90 days and Accruing | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 30-59 days | 60-89 days | > 90 days | Total | Current | |||||||||||||||||||||||||||||||||||||||
Commercial | $ | 328 | $ | 117 | $ | 330 | $ | 775 | $ | 87,815 | $ | — | ||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 121 | 194 | 801 | 1,116 | 156,667 | — | ||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 146 | — | 406 | 552 | 316,584 | — | ||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 346 | 2,002 | 4,253 | 6,601 | 61,280 | — | ||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | 28,591 | — | ||||||||||||||||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 4,104 | 2,719 | 1,498 | 8,321 | 211,750 | — | ||||||||||||||||||||||||||||||||||||||
Jumbo | — | — | 2,626 | 2,626 | 50,253 | — | ||||||||||||||||||||||||||||||||||||||
Home equity | 1,067 | 94 | 83 | 1,244 | 65,871 | — | ||||||||||||||||||||||||||||||||||||||
Consumer | 260 | 42 | 63 | 365 | 19,091 | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | 11,507 | — | ||||||||||||||||||||||||||||||||||||||
Total | $ | 6,372 | $ | 5,168 | $ | 10,060 | $ | 21,600 | $ | 1,009,409 | $ | — | ||||||||||||||||||||||||||||||||
At March 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
Past Due | > 90 days and Accruing | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 30-59 days | 60-89 days | > 90 days | Total | Current | |||||||||||||||||||||||||||||||||||||||
Commercial | $ | 52 | $ | 50 | $ | 796 | $ | 898 | $ | 92,619 | $ | — | ||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | — | 236 | 125 | 361 | 149,664 | — | ||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 1,076 | — | 768 | 1,844 | 295,353 | — | ||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 754 | — | 6,123 | 6,877 | 60,465 | — | ||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | 18,327 | — | ||||||||||||||||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 2,780 | 804 | 1,821 | 5,405 | 210,260 | — | ||||||||||||||||||||||||||||||||||||||
Jumbo | 712 | — | — | 712 | 50,694 | — | ||||||||||||||||||||||||||||||||||||||
Home equity | 75 | — | 69 | 144 | 56,017 | — | ||||||||||||||||||||||||||||||||||||||
Consumer | 207 | 32 | 45 | 284 | 18,822 | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | 5,037 | — | ||||||||||||||||||||||||||||||||||||||
Total | $ | 5,656 | $ | 1,122 | $ | 9,747 | $ | 16,525 | $ | 957,258 | $ | — | ||||||||||||||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status | Nonaccrual loans: The following table presents the nonaccrual loans included in the net balance of loans at March 31, 2015, December 31, 2014 and March 31, 2014. | |||||||||||||||||||||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 2015 | 2014 | 2014 | |||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 788 | $ | 866 | $ | 392 | ||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 934 | 2,404 | 1,218 | |||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 406 | 430 | 626 | |||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 5,333 | 10,252 | 4,619 | |||||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 3,429 | 2,593 | 2,663 | |||||||||||||||||||||||||||||||||||||||||
Jumbo | 713 | — | 2,626 | |||||||||||||||||||||||||||||||||||||||||
Home equity | 349 | 297 | 267 | |||||||||||||||||||||||||||||||||||||||||
Consumer | 65 | 73 | 83 | |||||||||||||||||||||||||||||||||||||||||
Total | $ | 12,017 | $ | 16,915 | $ | 12,494 | ||||||||||||||||||||||||||||||||||||||
Schedule Of Method Used To Measure Impairment Of Impaired Loans | The table below sets forth information about our impaired loans. | |||||||||||||||||||||||||||||||||||||||||||
Method Used to Measure Impairment of Impaired Loans | ||||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | ||||||||||||||||||||||||||||||||||||||||||||
March 31, | December 31, | Method used to measure impairment | ||||||||||||||||||||||||||||||||||||||||||
Loan Category | 2015 | 2014 | 2014 | |||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 44 | $ | 899 | $ | 132 | Fair value of collateral | |||||||||||||||||||||||||||||||||||||
337 | — | 362 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 5,665 | 4,856 | 1,683 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
9,056 | 7,598 | 9,124 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 1,633 | 518 | 508 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
6,184 | 5,259 | 5,999 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 11,733 | 16,107 | 11,998 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
2,286 | 1,457 | 2,310 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 1,719 | 3,450 | 1,676 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
4,677 | 2,603 | 5,252 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Jumbo | 5,672 | 6,644 | 7,594 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
884 | 2,086 | 886 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Home equity | 186 | 186 | 285 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
523 | — | 523 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Consumer | 2 | 40 | 2 | Fair value of collateral | ||||||||||||||||||||||||||||||||||||||||
78 | — | 82 | Discounted cash flow | |||||||||||||||||||||||||||||||||||||||||
Total | $ | 50,679 | $ | 51,703 | $ | 48,416 | ||||||||||||||||||||||||||||||||||||||
Impaired Financing Receivables | The following tables present loans individually evaluated for impairment at March 31, 2015, December 31, 2014 and March 31, 2014. | |||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Recorded | Unpaid | Related | Average | Interest Income | |||||||||||||||||||||||||||||||||||||||
Investment | Principal Balance | Allowance | Impaired | Recognized | ||||||||||||||||||||||||||||||||||||||||
Balance | while impaired | |||||||||||||||||||||||||||||||||||||||||||
Without a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 381 | $ | 381 | $ | — | $ | 381 | $ | 21 | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 9,312 | 9,312 | — | 5,364 | 180 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 5,183 | 5,185 | — | 3,858 | 180 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 13,121 | 13,121 | — | 13,121 | 436 | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 3,763 | 3,772 | — | 3,772 | 167 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 5,669 | 5,672 | — | 5,672 | 235 | |||||||||||||||||||||||||||||||||||||||
Home equity | 710 | 709 | — | 709 | 31 | |||||||||||||||||||||||||||||||||||||||
Consumer | 80 | 80 | — | 80 | 7 | |||||||||||||||||||||||||||||||||||||||
Total without a related allowance | $ | 38,219 | $ | 38,232 | $ | — | $ | 32,957 | $ | 1,257 | ||||||||||||||||||||||||||||||||||
With a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 5,409 | 5,409 | 255 | 5,409 | 215 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 2,632 | 2,632 | 21 | 2,632 | 123 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 898 | 898 | 176 | 898 | — | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 2,623 | 2,624 | 276 | 2,624 | 119 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 883 | 884 | 43 | 884 | 44 | |||||||||||||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Total with a related allowance | $ | 12,445 | $ | 12,447 | $ | 771 | $ | 12,447 | $ | 501 | ||||||||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 36,936 | $ | 36,938 | $ | 452 | $ | 31,663 | $ | 1,155 | ||||||||||||||||||||||||||||||||||
Residential real estate | 13,648 | 13,661 | 319 | 13,661 | 596 | |||||||||||||||||||||||||||||||||||||||
Consumer | 80 | 80 | — | 80 | 7 | |||||||||||||||||||||||||||||||||||||||
Total | $ | 50,664 | $ | 50,679 | $ | 771 | $ | 45,404 | $ | 1,758 | ||||||||||||||||||||||||||||||||||
December 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Recorded | Unpaid | Related | Average | Interest Income | |||||||||||||||||||||||||||||||||||||||
Investment | Principal Balance | Allowance | Impaired | Recognized | ||||||||||||||||||||||||||||||||||||||||
Balance | while impaired | |||||||||||||||||||||||||||||||||||||||||||
Without a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 370 | $ | 369 | $ | — | $ | 430 | $ | 27 | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 5,362 | 5,361 | — | 5,309 | 192 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 3,645 | 3,647 | — | 4,420 | 199 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 13,410 | 13,410 | — | 14,149 | 483 | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 4,289 | 4,300 | — | 3,853 | 185 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 7,589 | 7,594 | — | 7,761 | 241 | |||||||||||||||||||||||||||||||||||||||
Home equity | 809 | 808 | — | 265 | 14 | |||||||||||||||||||||||||||||||||||||||
Consumer | 84 | 84 | — | 36 | 2 | |||||||||||||||||||||||||||||||||||||||
Total without a related allowance | $ | 35,558 | $ | 35,573 | $ | — | $ | 36,223 | $ | 1,343 | ||||||||||||||||||||||||||||||||||
With a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 125 | $ | 125 | $ | 81 | $ | 38 | $ | — | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 5,446 | 5,446 | 287 | 5,461 | 216 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 2,860 | 2,860 | 74 | 1,003 | 40 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 898 | 898 | 46 | 933 | 42 | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 2,627 | 2,628 | 282 | 2,093 | 98 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 885 | 886 | 46 | 892 | 45 | |||||||||||||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Total with a related allowance | $ | 12,841 | $ | 12,843 | $ | 816 | $ | 10,420 | $ | 441 | ||||||||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 32,116 | $ | 32,116 | $ | 488 | $ | 31,743 | $ | 1,199 | ||||||||||||||||||||||||||||||||||
Residential real estate | 16,199 | 16,216 | 328 | 14,864 | 583 | |||||||||||||||||||||||||||||||||||||||
Consumer | 84 | 84 | — | 36 | 2 | |||||||||||||||||||||||||||||||||||||||
Total | $ | 48,399 | $ | 48,416 | $ | 816 | $ | 46,643 | $ | 1,784 | ||||||||||||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Recorded | Unpaid | Related | Average | Interest Income | |||||||||||||||||||||||||||||||||||||||
Investment | Principal Balance | Allowance | Impaired | Recognized | ||||||||||||||||||||||||||||||||||||||||
Balance | while impaired | |||||||||||||||||||||||||||||||||||||||||||
Without a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 824 | $ | 824 | $ | — | $ | 824 | $ | 27 | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 7,836 | 7,836 | — | 7,836 | 231 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 5,035 | 5,037 | — | 5,037 | 249 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 11,793 | 11,793 | — | 11,793 | 323 | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 3,209 | 3,217 | — | 3,217 | 140 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 7,828 | 7,833 | — | 7,833 | 401 | |||||||||||||||||||||||||||||||||||||||
Home equity | 186 | 186 | — | 186 | 11 | |||||||||||||||||||||||||||||||||||||||
Consumer | 40 | 40 | — | 40 | 3 | |||||||||||||||||||||||||||||||||||||||
Total without a related allowance | $ | 36,751 | $ | 36,766 | $ | — | $ | 36,766 | $ | 1,385 | ||||||||||||||||||||||||||||||||||
With a related allowance | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 75 | $ | 75 | $ | 18 | $ | 75 | $ | 5 | ||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | 4,618 | 4,618 | 324 | 4,618 | 213 | |||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 740 | 740 | 85 | 740 | 28 | |||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | 5,771 | 5,771 | 2,553 | 5,771 | 40 | |||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 2,835 | 2,836 | 337 | 2,836 | 134 | |||||||||||||||||||||||||||||||||||||||
Jumbo | 896 | 897 | 56 | 897 | 45 | |||||||||||||||||||||||||||||||||||||||
Home equity | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Consumer | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Total with a related allowance | $ | 14,935 | $ | 14,937 | $ | 3,373 | $ | 14,937 | $ | 465 | ||||||||||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 36,692 | $ | 36,694 | $ | 2,980 | $ | 36,694 | $ | 1,116 | ||||||||||||||||||||||||||||||||||
Residential real estate | 14,954 | 14,969 | 393 | 14,969 | 731 | |||||||||||||||||||||||||||||||||||||||
Consumer | 40 | 40 | — | 40 | 3 | |||||||||||||||||||||||||||||||||||||||
Total | $ | 51,686 | $ | 51,703 | $ | 3,373 | $ | 51,703 | $ | 1,850 | ||||||||||||||||||||||||||||||||||
Schedule Of Defaults During Stated Period Of Trouble Debt Restructurings | For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period. | |||||||||||||||||||||||||||||||||||||||||||
For the Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Number | Recorded | ||||||||||||||||||||||||||||||||||||||||||
of | Investment | |||||||||||||||||||||||||||||||||||||||||||
Defaults | at Default Date | |||||||||||||||||||||||||||||||||||||||||||
Commercial | 1 | $ | 27 | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied | — | — | ||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | — | — | ||||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land & land development | — | — | ||||||||||||||||||||||||||||||||||||||||||
Construction | — | — | ||||||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 3 | 833 | ||||||||||||||||||||||||||||||||||||||||||
Jumbo | — | — | ||||||||||||||||||||||||||||||||||||||||||
Home equity | — | — | ||||||||||||||||||||||||||||||||||||||||||
Consumer | 1 | 17 | ||||||||||||||||||||||||||||||||||||||||||
Total | 5 | $ | 877 | |||||||||||||||||||||||||||||||||||||||||
Schedule of the Activity Regarding TDRs by Loan Type | The following table details the activity regarding TDRs by loan type for the three months and three months ended March 31, 2015, and the related allowance on TDRs. | |||||||||||||||||||||||||||||||||||||||||||
For the Three Months Ended March 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Construction & Land Development | Commercial Real Estate | Residential Real Estate | ||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Land & | Construc- | Commer- | Owner | Non- | Non- | Jumbo | Home | Con- | Other | Total | |||||||||||||||||||||||||||||||||
Land | tion | cial | Occupied | Owner | jumbo | Equity | sumer | |||||||||||||||||||||||||||||||||||||
Develop- | Occupied | |||||||||||||||||||||||||||||||||||||||||||
ment | ||||||||||||||||||||||||||||||||||||||||||||
Troubled debt restructurings | ||||||||||||||||||||||||||||||||||||||||||||
Balance January 1, 2015 | $ | 5,786 | $ | — | $ | 410 | $ | 9,501 | $ | 6,219 | $ | 6,245 | $ | 5,937 | $ | 523 | $ | 50 | $ | — | $ | 34,671 | ||||||||||||||||||||||
Additions | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Charge-offs | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Net (paydowns) advances | (28 | ) | — | (29 | ) | (73 | ) | (35 | ) | (423 | ) | (1,206 | ) | — | (4 | ) | — | (1,798 | ) | |||||||||||||||||||||||||
Transfer into foreclosed properties | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Refinance out of TDR status | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Balance, March 31, 2015 | $ | 5,758 | $ | — | $ | 381 | $ | 9,428 | $ | 6,184 | $ | 5,822 | $ | 4,731 | $ | 523 | $ | 46 | $ | — | $ | 32,873 | ||||||||||||||||||||||
Allowance related to troubled debt restructurings | $ | 168 | $ | — | $ | — | $ | 209 | $ | 21 | $ | 276 | $ | 43 | $ | — | $ | — | $ | — | $ | 717 | ||||||||||||||||||||||
Financing Receivable Credit Quality Indicators | The following table presents the recorded investment in construction and development, commercial, and commercial real estate loans which are generally evaluated based upon the internal risk ratings defined above. | |||||||||||||||||||||||||||||||||||||||||||
Loan Risk Profile by Internal Risk Rating | ||||||||||||||||||||||||||||||||||||||||||||
Construction and Development | Commercial Real Estate | |||||||||||||||||||||||||||||||||||||||||||
Land and Land Development | Construction | Commercial | Owner Occupied | Non-Owner Occupied | ||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 3/31/15 | 12/31/14 | 3/31/15 | 12/31/14 | 3/31/15 | 12/31/14 | 3/31/15 | 12/31/14 | 3/31/15 | 12/31/14 | ||||||||||||||||||||||||||||||||||
Pass | $ | 52,284 | $ | 53,873 | $ | 19,094 | $ | 28,591 | $ | 87,582 | $ | 86,361 | $ | 177,752 | $ | 155,189 | $ | 315,360 | $ | 306,710 | ||||||||||||||||||||||||
OLEM (Special Mention) | 2,452 | 1,673 | — | — | 1,702 | 1,837 | 1,275 | 1,064 | 3,798 | 8,933 | ||||||||||||||||||||||||||||||||||
Substandard | 11,822 | 12,335 | — | — | 644 | 392 | 1,242 | 1,530 | 6,606 | 1,493 | ||||||||||||||||||||||||||||||||||
Doubtful | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Total | $ | 66,558 | $ | 67,881 | $ | 19,094 | $ | 28,591 | $ | 89,928 | $ | 88,590 | $ | 180,269 | $ | 157,783 | $ | 325,764 | $ | 317,136 | ||||||||||||||||||||||||
Schedule Of Recorded Investment Evaluated Based On Aging Status Of Loans And Payment Activity | The following table presents the recorded investment in consumer, residential real estate, and home equity loans, which are generally evaluated based on the aging status of the loans, which was previously presented, and payment activity. | |||||||||||||||||||||||||||||||||||||||||||
Performing | Nonperforming | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 3/31/15 | 12/31/14 | 3/31/14 | 3/31/15 | 12/31/14 | 3/31/14 | ||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | $ | 216,509 | $ | 217,408 | $ | 213,071 | $ | 3,429 | $ | 2,663 | $ | 2,594 | ||||||||||||||||||||||||||||||||
Jumbo | 49,779 | 50,253 | 51,406 | 713 | 2,626 | — | ||||||||||||||||||||||||||||||||||||||
Home Equity | 68,545 | 66,848 | 55,865 | 349 | 267 | 296 | ||||||||||||||||||||||||||||||||||||||
Consumer | 18,420 | 19,373 | 19,033 | 65 | 83 | 73 | ||||||||||||||||||||||||||||||||||||||
Other | 11,074 | 11,507 | 5,037 | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total | $ | 364,327 | $ | 365,389 | $ | 344,412 | $ | 4,556 | $ | 5,639 | $ | 2,963 | ||||||||||||||||||||||||||||||||
Allowance_For_Loan_Losses_Tabl
Allowance For Loan Losses (Tables) | 3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent | An analysis of the allowance for loan losses for the three month periods ended March 31, 2015 and 2014, and for the year ended December 31, 2014 is as follows: | |||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | 2015 | 2014 | 2014 | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of year | $ | 11,167 | $ | 12,659 | $ | 12,659 | ||||||||||||||||||||||||||||||||||||||
Losses: | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | 77 | 390 | 390 | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner occupied | 266 | 11 | 11 | |||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | — | — | — | |||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 180 | 2,376 | 3,535 | |||||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | |||||||||||||||||||||||||||||||||||||||||
Residential real estate | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 160 | 9 | 435 | |||||||||||||||||||||||||||||||||||||||||
Jumbo | — | 8 | 65 | |||||||||||||||||||||||||||||||||||||||||
Home equity | 32 | — | 14 | |||||||||||||||||||||||||||||||||||||||||
Consumer | 43 | 45 | 265 | |||||||||||||||||||||||||||||||||||||||||
Other | 24 | 23 | 118 | |||||||||||||||||||||||||||||||||||||||||
Total | 782 | 2,862 | 4,833 | |||||||||||||||||||||||||||||||||||||||||
Recoveries: | ||||||||||||||||||||||||||||||||||||||||||||
Commercial | 2 | 6 | 34 | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate | ||||||||||||||||||||||||||||||||||||||||||||
Owner occupied | 3 | 7 | 40 | |||||||||||||||||||||||||||||||||||||||||
Non-owner occupied | 2 | 3 | 318 | |||||||||||||||||||||||||||||||||||||||||
Construction and development | ||||||||||||||||||||||||||||||||||||||||||||
Land and land development | 11 | 26 | 298 | |||||||||||||||||||||||||||||||||||||||||
Construction | — | — | — | |||||||||||||||||||||||||||||||||||||||||
Real estate - mortgage | ||||||||||||||||||||||||||||||||||||||||||||
Non-jumbo | 7 | 20 | 87 | |||||||||||||||||||||||||||||||||||||||||
Jumbo | 95 | 163 | 163 | |||||||||||||||||||||||||||||||||||||||||
Home equity | 1 | 2 | 4 | |||||||||||||||||||||||||||||||||||||||||
Consumer | 49 | 20 | 74 | |||||||||||||||||||||||||||||||||||||||||
Other | 22 | 25 | 73 | |||||||||||||||||||||||||||||||||||||||||
Total | 192 | 272 | 1,091 | |||||||||||||||||||||||||||||||||||||||||
Net losses | 590 | 2,590 | 3,742 | |||||||||||||||||||||||||||||||||||||||||
Provision for loan losses | 250 | 1,000 | 2,250 | |||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 10,827 | $ | 11,069 | $ | 11,167 | ||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables | Activity in the allowance for loan losses by loan class during the first three months of 2015 is as follows: | |||||||||||||||||||||||||||||||||||||||||||
Construction & Land Development | Commercial Real Estate | Residential Real Estate | ||||||||||||||||||||||||||||||||||||||||||
Dollars in thousands | Land & | Construc- | Commer- | Owner | Non- | Non- | Jumbo | Home | Con- | Other | Total | |||||||||||||||||||||||||||||||||
Land | tion | cial | Occupied | Owner | jumbo | Equity | sumer | |||||||||||||||||||||||||||||||||||||
Develop- | Occupied | |||||||||||||||||||||||||||||||||||||||||||
ment | ||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses | ||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 3,417 | $ | 427 | $ | 1,204 | $ | 927 | $ | 1,316 | $ | 1,280 | $ | 2,081 | $ | 187 | $ | 97 | $ | 231 | $ | 11,167 | ||||||||||||||||||||||
Charge-offs | 180 | — | 77 | 266 | — | 160 | — | 32 | 43 | 24 | 782 | |||||||||||||||||||||||||||||||||
Recoveries | 11 | — | 2 | 3 | 2 | 7 | 95 | 1 | 49 | 22 | 192 | |||||||||||||||||||||||||||||||||
Provision | 370 | (183 | ) | 9 | 571 | (25 | ) | 125 | (613 | ) | 103 | (24 | ) | (83 | ) | 250 | ||||||||||||||||||||||||||||
Ending balance | $ | 3,618 | $ | 244 | $ | 1,138 | $ | 1,235 | $ | 1,293 | $ | 1,252 | $ | 1,563 | $ | 259 | $ | 79 | $ | 146 | $ | 10,827 | ||||||||||||||||||||||
Allowance related to: | ||||||||||||||||||||||||||||||||||||||||||||
Loans individually | $ | 176 | $ | — | $ | — | $ | 255 | $ | 21 | $ | 276 | $ | 43 | $ | — | $ | — | $ | — | $ | 771 | ||||||||||||||||||||||
evaluated for impairment | ||||||||||||||||||||||||||||||||||||||||||||
Loans collectively | 3,442 | 244 | 1,138 | 980 | 1,272 | 976 | 1,520 | 259 | 79 | 146 | 10,056 | |||||||||||||||||||||||||||||||||
evaluated for impairment | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 3,618 | $ | 244 | $ | 1,138 | $ | 1,235 | $ | 1,293 | $ | 1,252 | $ | 1,563 | $ | 259 | $ | 79 | $ | 146 | $ | 10,827 | ||||||||||||||||||||||
Loans | ||||||||||||||||||||||||||||||||||||||||||||
Loans individually | $ | 14,019 | $ | — | $ | 381 | $ | 14,721 | $ | 7,817 | $ | 6,347 | $ | 6,556 | $ | 709 | $ | 79 | $ | — | $ | 50,629 | ||||||||||||||||||||||
evaluated for impairment | ||||||||||||||||||||||||||||||||||||||||||||
Loans collectively | 52,539 | 19,094 | 89,547 | 165,548 | 317,947 | 213,591 | 43,936 | 68,185 | 18,406 | 11,074 | $ | 999,867 | ||||||||||||||||||||||||||||||||
evaluated for impairment | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 66,558 | $ | 19,094 | $ | 89,928 | $ | 180,269 | $ | 325,764 | $ | 219,938 | $ | 50,492 | $ | 68,894 | $ | 18,485 | $ | 11,074 | $ | 1,050,496 | ||||||||||||||||||||||
Goodwill_And_Other_Intangible_1
Goodwill And Other Intangible Assets (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||
Schedule of Goodwill | The following tables present our goodwill by reporting unit at March 31, 2015 and other intangible assets by reporting unit at March 31, 2015 and December 31, 2014. | ||||||||||||||||||||||||
Goodwill Activity | |||||||||||||||||||||||||
Dollars in thousands | Community Banking | Insurance Services | Total | ||||||||||||||||||||||
Balance, January 1, 2014 | $ | 1,488 | $ | 4,710 | $ | 6,198 | |||||||||||||||||||
Acquired goodwill, net | — | — | — | ||||||||||||||||||||||
Balance, March 31, 2015 | $ | 1,488 | $ | 4,710 | $ | 6,198 | |||||||||||||||||||
Summary Of Other Intangible Assets | |||||||||||||||||||||||||
Other Intangible Assets | |||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||
Dollars in thousands | Community | Insurance | Total | Community | Insurances | Total | |||||||||||||||||||
Banking | Services | Banking | Services | ||||||||||||||||||||||
Unidentifiable intangible assets | |||||||||||||||||||||||||
Gross carrying amount | $ | 2,268 | $ | — | $ | 2,268 | $ | 2,268 | $ | — | $ | 2,268 | |||||||||||||
Less: accumulated amortization | 2,268 | — | 2,268 | 2,268 | — | 2,268 | |||||||||||||||||||
Net carrying amount | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Identifiable intangible assets | |||||||||||||||||||||||||
Gross carrying amount | $ | — | $ | 3,000 | $ | 3,000 | $ | — | $ | 3,000 | $ | 3,000 | |||||||||||||
Less: accumulated amortization | — | 1,550 | 1,550 | — | 1,500 | 1,500 | |||||||||||||||||||
Net carrying amount | $ | — | $ | 1,450 | $ | 1,450 | $ | — | $ | 1,500 | $ | 1,500 | |||||||||||||
Deposits_Tables
Deposits (Tables) | 3 Months Ended | ||||||||||||
Mar. 31, 2015 | |||||||||||||
Deposits [Abstract] | |||||||||||||
Summary of Interest Bearing Deposits By Type | The following is a summary of interest bearing deposits by type as of March 31, 2015 and 2014 and December 31, 2014: | ||||||||||||
Dollars in thousands | March 31, | December 31, | March 31, | ||||||||||
2015 | 2014 | 2014 | |||||||||||
Demand deposits, interest bearing | $ | 196,606 | $ | 204,030 | $ | 195,898 | |||||||
Savings deposits | 257,687 | 253,578 | 228,854 | ||||||||||
Time deposits | 486,966 | 488,279 | 528,433 | ||||||||||
Total | $ | 941,259 | $ | 945,887 | $ | 953,185 | |||||||
Summary of Scheduled Maturities For All Time Deposits | A summary of the scheduled maturities for all time deposits as of March 31, 2015 is as follows: | ||||||||||||
Dollars in thousands | |||||||||||||
Nine month period ending December 31, 2015 | $ | 143,413 | |||||||||||
Year ending December 31, 2016 | 144,477 | ||||||||||||
Year ending December 31, 2017 | 57,461 | ||||||||||||
Year ending December 31, 2018 | 46,888 | ||||||||||||
Year ending December 31, 2019 | 35,457 | ||||||||||||
Thereafter | 59,270 | ||||||||||||
Total | $ | 486,966 | |||||||||||
Summary of Maturity Distribution of All Certificates of Deposit | The following is a summary of the maturity distribution of all certificates of deposit in denominations of $100,000 or more as of March 31, 2015: | ||||||||||||
Dollars in thousands | Amount | Percent | |||||||||||
Three months or less | $ | 42,686 | 11.9 | % | |||||||||
Three through six months | 25,577 | 7.1 | % | ||||||||||
Six through twelve months | 58,303 | 16.3 | % | ||||||||||
Over twelve months | 232,072 | 64.7 | % | ||||||||||
Total | $ | 358,638 | 100 | % | |||||||||
Borrowed_Funds_Tables
Borrowed Funds (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Debt Disclosure [Abstract] | ||||||||||||||||
Schedule of Short-term Debt | Short-term borrowings: A summary of short-term borrowings is presented below: | |||||||||||||||
Three Months Ended March 31, | ||||||||||||||||
2015 | 2014 | |||||||||||||||
Dollars in thousands | Short-term | Federal Funds | Short-term | Federal Funds | ||||||||||||
FHLB | Purchased | FHLB | Purchased | |||||||||||||
Advances | and Lines | Advances | and Lines | |||||||||||||
of Credit | of Credit | |||||||||||||||
Balance at March 31 | $ | 141,550 | $ | 7,435 | $ | 60,000 | $ | 8,974 | ||||||||
Average balance outstanding for the period | 139,590 | 5,189 | 66,205 | 8,971 | ||||||||||||
Maximum balance outstanding at any month end during period | 141,780 | 7,435 | 80,000 | 8,974 | ||||||||||||
Weighted average interest rate for the period | 0.31 | % | 0.25 | % | 0.28 | % | 0.25 | % | ||||||||
Weighted average interest rate for balances | ||||||||||||||||
outstanding at March 31 | 0.32 | % | 0.25 | % | 0.31 | % | 0.25 | % | ||||||||
Year Ended December 31, 2014 | ||||||||||||||||
Dollars in thousands | Short-term | Federal Funds | ||||||||||||||
FHLB | Purchased | |||||||||||||||
Advances | and Lines | |||||||||||||||
of Credit | ||||||||||||||||
Balance at December 31 | $ | 120,950 | $ | 2,683 | ||||||||||||
Average balance outstanding for the period | 94,982 | 5,804 | ||||||||||||||
Maximum balance outstanding at any month end during period | 136,800 | 8,976 | ||||||||||||||
Weighted average interest rate for the period | 0.31 | % | 0.25 | % | ||||||||||||
Weighted average interest rate for balances outstanding at December 31 | 0.31 | % | 0.25 | % | ||||||||||||
Schedule of Long-term Debt Instruments | All FHLB advances are collateralized primarily by similar amounts of residential mortgage loans, certain commercial loans, mortgage backed securities and securities of U. S. Government agencies and corporations. | |||||||||||||||
Balance at March 31, | Balance at | |||||||||||||||
December 31, | ||||||||||||||||
Dollars in thousands | 2015 | 2014 | 2014 | |||||||||||||
Long-term FHLB advances | $ | 951 | $ | 42,576 | $ | 977 | ||||||||||
Long-term reverse repurchase agreements | 72,000 | 72,000 | 72,000 | |||||||||||||
Term loan | 4,062 | 8,916 | 4,513 | |||||||||||||
Total | $ | 77,013 | $ | 123,492 | $ | 77,490 | ||||||||||
Schedule of Maturities of Long-term Debt | A summary of the maturities of all long-term borrowings and subordinated debentures for the next five years and thereafter is as follows: | |||||||||||||||
Dollars in thousands | Long-term | Subordinated | Subordinated | |||||||||||||
borrowings | debentures | debentures owed | ||||||||||||||
to unconsolidated | ||||||||||||||||
subsidiary trusts | ||||||||||||||||
Year Ending December 31, | 2015 | $ | 1,432 | $ | 5,000 | $ | — | |||||||||
2016 | 28,911 | — | — | |||||||||||||
2017 | 918 | — | — | |||||||||||||
2018 | 45,017 | — | — | |||||||||||||
2019 | 18 | — | — | |||||||||||||
Thereafter | 717 | — | 19,589 | |||||||||||||
$ | 77,013 | $ | 5,000 | $ | 19,589 | |||||||||||
Share_Based_Compensation_Table
Share Based Compensation (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity | A summary of activity in our Plans during the first three months of 2015 and 2014 is as follows: | ||||||||||||||||||||||||
For the Three Months Ended March 31, | |||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||
Options | Weighted-Average | Options | Weighted-Average | ||||||||||||||||||||||
Exercise Price | Exercise Price | ||||||||||||||||||||||||
Outstanding, January 1 | 157,170 | $ | 20.43 | 185,410 | $ | 19.59 | |||||||||||||||||||
Granted | — | — | — | — | |||||||||||||||||||||
Exercised | — | — | (3,200 | ) | 4.63 | ||||||||||||||||||||
Forfeited | — | — | — | — | |||||||||||||||||||||
Expired | — | — | (2,300 | ) | 17.43 | ||||||||||||||||||||
Outstanding, March 31 | 157,170 | $ | 20.43 | 179,910 | $ | 19.88 | |||||||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range | Other information regarding options outstanding and exercisable at March 31, 2015 is as follows: | ||||||||||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||||||||||
Range of | # of | WAEP | Wted. Avg. | Aggregate | # of | WAEP | Aggregate | ||||||||||||||||||
exercise price | shares | Remaining | Intrinsic | shares | Intrinsic | ||||||||||||||||||||
Contractual | Value | Value | |||||||||||||||||||||||
Life (yrs) | (in thousands) | (in thousands) | |||||||||||||||||||||||
2.54 - $6.00 | 10,750 | $ | 4.36 | 4.46 | $ | 81 | 9,750 | $ | 4.55 | $ | 72 | ||||||||||||||
6.01 - 10.00 | 17,520 | 8.93 | 2.65 | 53 | 17,520 | 8.93 | 53 | ||||||||||||||||||
10.01 - 17.50 | — | — | — | — | — | — | — | ||||||||||||||||||
17.51 - 20.00 | 30,900 | 17.8 | 2.26 | — | 30,900 | 17.8 | — | ||||||||||||||||||
20.01 - 25.93 | 98,000 | 25.08 | 1.54 | — | 98,000 | 25.08 | — | ||||||||||||||||||
157,170 | 20.43 | $ | 134 | 156,170 | 20.54 | $ | 125 | ||||||||||||||||||
Commitments_And_Contingencies_
Commitments And Contingencies (Tables) | 3 Months Ended | ||||
Mar. 31, 2015 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Summary Of The Total Unfunded, Or Off-Balance Sheet, Credit Extension Commitments | A summary of the total unfunded, or off-balance sheet, credit extension commitments follows: | ||||
Dollars in thousands | March 31, | ||||
2015 | |||||
Commitments to extend credit: | |||||
Revolving home equity and credit card lines | $ | 54,768 | |||
Construction loans | 24,633 | ||||
Other loans | 44,935 | ||||
Standby letters of credit | 2,599 | ||||
Total | $ | 126,935 | |||
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 3 Months Ended | |||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||
Banking and Thrift [Abstract] | ||||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations | Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. | |||||||||||||||||||||
Actual | Minimum Required Capital - Basel III Fully Phased-in | Minimum Required To Be Well Capitalized | ||||||||||||||||||||
Dollars in thousands | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||
As of March 31, 2015 | ||||||||||||||||||||||
CET1 (to risk weighted assets) | ||||||||||||||||||||||
Summit | $ | 127,848 | 11.4 | % | $ | 78,503 | 7 | % | $ | 72,896 | 6.5 | % | ||||||||||
Summit Community | 151,685 | 13.5 | % | 78,651 | 7 | % | 73,034 | 6.5 | % | |||||||||||||
Tier I Capital (to risk weighted assets) | ||||||||||||||||||||||
Summit | 146,848 | 13.1 | % | 95,283 | 8.5 | % | 89,678 | 8 | % | |||||||||||||
Summit Community | 151,685 | 13.5 | % | 95,505 | 8.5 | % | 89,887 | 8 | % | |||||||||||||
Total Capital (to risk weighted assets) | ||||||||||||||||||||||
Summit | 157,675 | 14.1 | % | 117,418 | 10.5 | % | 111,826 | 10 | % | |||||||||||||
Summit Community | 162,512 | 14.5 | % | 117,681 | 10.5 | % | 112,077 | 10 | % | |||||||||||||
Tier I Capital (to average assets) | ||||||||||||||||||||||
Summit | 146,848 | 10.1 | % | 58,158 | 4 | % | 72,697 | 5 | % | |||||||||||||
Summit Community | 151,685 | 10.5 | % | 57,785 | 4 | % | 72,231 | 5 | % | |||||||||||||
Segment_Information_Tables
Segment Information (Tables) | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment | Information for each of our segments is included below: | ||||||||||||||||||||
Three Months Ended March 31, 2015 | |||||||||||||||||||||
Dollars in thousands | Community | Insurance & | Parent | Eliminations | Total | ||||||||||||||||
Banking | Financial | ||||||||||||||||||||
Services | |||||||||||||||||||||
Net interest income | $ | 11,751 | $ | — | $ | (231 | ) | $ | — | $ | 11,520 | ||||||||||
Provision for loan losses | 250 | — | — | — | 250 | ||||||||||||||||
Net interest income after provision for loan losses | 11,501 | — | (231 | ) | — | 11,270 | |||||||||||||||
Other income | 1,849 | 1,290 | 283 | (283 | ) | 3,139 | |||||||||||||||
Other expenses | 6,857 | 1,055 | 575 | (283 | ) | 8,204 | |||||||||||||||
Income (loss) before income taxes | 6,493 | 235 | (523 | ) | — | 6,205 | |||||||||||||||
Income tax expense (benefit) | 2,035 | 64 | (179 | ) | — | 1,920 | |||||||||||||||
Net income (loss) | 4,458 | 171 | (344 | ) | — | 4,285 | |||||||||||||||
Dividends on preferred shares | — | — | — | — | — | ||||||||||||||||
Net income (loss) applicable to common shares | $ | 4,458 | $ | 171 | $ | (344 | ) | $ | — | $ | 4,285 | ||||||||||
Inter-segment revenue (expense) | $ | (256 | ) | $ | (27 | ) | $ | 283 | $ | — | $ | — | |||||||||
Average assets | $ | 1,488,109 | $ | 5,893 | $ | 168,954 | $ | (208,885 | ) | $ | 1,454,071 | ||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||
Dollars in thousands | Community | Insurance & | Parent | Eliminations | Total | ||||||||||||||||
Banking | Financial | ||||||||||||||||||||
Services | |||||||||||||||||||||
Net interest income | $ | 10,511 | $ | — | $ | (473 | ) | $ | — | $ | 10,038 | ||||||||||
Provision for loan losses | 1,000 | — | — | — | 1,000 | ||||||||||||||||
Net interest income after provision for loan losses | 9,511 | — | (473 | ) | — | 9,038 | |||||||||||||||
Other income | 1,410 | 1,373 | 293 | (293 | ) | 2,783 | |||||||||||||||
Other expenses | 7,349 | 1,028 | 414 | (293 | ) | 8,498 | |||||||||||||||
Income (loss) before income taxes | 3,572 | 345 | (594 | ) | — | 3,323 | |||||||||||||||
Income tax expense (benefit) | 982 | 121 | (169 | ) | — | 934 | |||||||||||||||
Net income (loss) | 2,590 | 224 | (425 | ) | — | 2,389 | |||||||||||||||
Dividends on preferred shares | — | — | 193 | — | 193 | ||||||||||||||||
Net income (loss) applicable to common shares | $ | 2,590 | $ | 224 | $ | (618 | ) | $ | — | $ | 2,196 | ||||||||||
Inter-segment revenue (expense) | $ | (264 | ) | $ | (29 | ) | $ | 293 | $ | — | $ | — | |||||||||
Average assets | $ | 1,442,219 | $ | 5,978 | $ | 160,346 | $ | (216,040 | ) | $ | 1,392,503 | ||||||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||
Schedule of Interest Rate Derivatives | A summary of our derivative financial instruments as of March 31, 2015 and December 31, 2014 follows: | |||||||||||||||
March 31, 2015 | ||||||||||||||||
Derivative Fair Value | Net Ineffective | |||||||||||||||
Dollars in thousands | Notional | Asset | Liability | Hedge Gains/(Losses) | ||||||||||||
Amount | ||||||||||||||||
CASH FLOW HEDGES | ||||||||||||||||
Pay-fixed/receive-variable interest rate swaps | ||||||||||||||||
Long term borrowings | $ | 110,000 | $ | — | $ | 4,323 | $ | — | ||||||||
March 31, 2015 | ||||||||||||||||
Derivative Fair Value | Net Ineffective | |||||||||||||||
Dollars in thousands | Notional | Asset | Liability | Hedge Gains/(Losses) | ||||||||||||
Amount | ||||||||||||||||
FAIR VALUE HEDGES | ||||||||||||||||
Pay-fixed/receive-variable interest rate swaps | ||||||||||||||||
Commercial loan | $ | 9,950 | $ | 31 | $ | — | $ | — | ||||||||
December 31, 2014 | ||||||||||||||||
Derivative Fair Value | Net Ineffective | |||||||||||||||
Dollars in thousands | Notional | Asset | Liability | Hedge Gains/(Losses) | ||||||||||||
Amount | ||||||||||||||||
CASH FLOW HEDGES | ||||||||||||||||
Pay-fixed/receive-variable interest rate swaps | ||||||||||||||||
Long term borrowings | $ | 110,000 | $ | — | $ | 2,911 | $ | — | ||||||||
Fair_Value_Measurements_Assets
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Recurring Basis) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | |
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | $282,135 | $282,834 | [1] | $281,865 |
U.S. Government sponsored agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 22,837 | 23,174 | ||
Government Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 156,815 | 149,777 | ||
Nongovernment Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 11,068 | 12,145 | ||
U S States And Political Subdivisions General Obligations [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 8,470 | 8,694 | ||
Corporate Debt Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 6,665 | 3,776 | ||
Equity Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 7 | 7 | ||
Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 76,273 | 85,261 | ||
Interest rate swap [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Interest rate swap | 4,292 | 2,911 | ||
Fair Value Inputs Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 1 [Member] | U.S. Government sponsored agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 1 [Member] | Government Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 1 [Member] | Nongovernment Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 1 [Member] | U S States And Political Subdivisions General Obligations [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 1 [Member] | Corporate Debt Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 1 [Member] | Equity Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 1 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 1 [Member] | Interest rate swap [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Interest rate swap | 0 | 0 | ||
Fair Value Inputs Level 2 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 278,346 | 279,058 | ||
Fair Value Inputs Level 2 [Member] | U.S. Government sponsored agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 22,837 | 23,174 | ||
Fair Value Inputs Level 2 [Member] | Government Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 156,815 | 149,777 | ||
Fair Value Inputs Level 2 [Member] | Nongovernment Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 11,068 | 12,145 | ||
Fair Value Inputs Level 2 [Member] | U S States And Political Subdivisions General Obligations [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 8,470 | 8,694 | ||
Fair Value Inputs Level 2 [Member] | Corporate Debt Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 2,876 | 0 | ||
Fair Value Inputs Level 2 [Member] | Equity Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 7 | 7 | ||
Fair Value Inputs Level 2 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 76,273 | 85,261 | ||
Fair Value Inputs Level 2 [Member] | Interest rate swap [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Interest rate swap | 4,292 | 2,911 | ||
Fair Value Inputs Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 3,789 | 3,776 | ||
Fair Value Inputs Level 3 [Member] | U.S. Government sponsored agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 3 [Member] | Government Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 3 [Member] | Nongovernment Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 3 [Member] | U S States And Political Subdivisions General Obligations [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 3 [Member] | Corporate Debt Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 3,789 | 3,776 | ||
Fair Value Inputs Level 3 [Member] | Equity Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 3 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Available for sale securities, fair value | 0 | 0 | ||
Fair Value Inputs Level 3 [Member] | Interest rate swap [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Interest rate swap | $0 | $0 | ||
Minimum [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Discount to sell collateral | 7.00% | |||
Maximum [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Discount to sell collateral | 10.00% | |||
[1] | December 31, 2014 financial information has been extracted from audited consolidated financial statements |
Fair_Value_Measurements_Assets1
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | $85 | $527 |
Collateral-dependent impaired loans | 2,316 | 1,552 |
Foreclosed properties | 24,213 | 26,869 |
Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 44 |
Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 170 | 344 |
Foreclosed properties | 2,346 | 3,892 |
Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 722 | 852 |
Foreclosed properties | 20,198 | 20,952 |
Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 1,424 | 312 |
Foreclosed properties | 1,669 | 2,025 |
Fair Value Inputs Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | 0 | 0 |
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | 85 | 527 |
Collateral-dependent impaired loans | 2,316 | 1,508 |
Foreclosed properties | 23,243 | 26,758 |
Fair Value Inputs Level 2 [Member] | Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Fair Value Inputs Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 170 | 344 |
Foreclosed properties | 2,346 | 3,892 |
Fair Value Inputs Level 2 [Member] | Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 722 | 852 |
Foreclosed properties | 20,124 | 20,841 |
Fair Value Inputs Level 2 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 1,424 | 312 |
Foreclosed properties | 773 | 2,025 |
Fair Value Inputs Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | 0 | 0 |
Collateral-dependent impaired loans | 0 | 44 |
Foreclosed properties | 970 | 111 |
Fair Value Inputs Level 3 [Member] | Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 44 |
Fair Value Inputs Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 3 [Member] | Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 74 | 111 |
Fair Value Inputs Level 3 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | $896 | $0 |
Fair_Value_Measurements_Carryi
Fair Value Measurements (Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | $282,135 | $282,834 | $281,865 |
Loans held for sale, net | 85 | 527 | |
Carrying Value [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cash and cash equivalents | 12,287 | 12,510 | |
Securities available for sale | 282,135 | 282,834 | |
Other investments | 7,247 | 6,183 | |
Loans held for sale, net | 85 | 527 | |
Loans, net | 1,039,669 | 1,019,842 | |
Accrued interest receivable | 5,564 | 5,838 | |
Total assets | 1,346,987 | 1,327,734 | |
Deposits | 1,058,308 | 1,061,314 | |
Short-term borrowings | 148,985 | 123,633 | |
Long-term borrowings | 77,013 | 77,490 | |
Subordinated debentures | 5,000 | 16,800 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 828 | 812 | |
Derivative financial liabilities | 4,292 | 2,911 | |
Total liabilities | 1,314,015 | 1,302,549 | |
Estimated Fair Value [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cash and cash equivalents | 12,287 | 12,510 | |
Securities available for sale | 282,135 | 282,834 | |
Other investments | 7,247 | 6,183 | |
Loans held for sale, net | 85 | 527 | |
Loans, net | 1,054,159 | 1,033,890 | |
Accrued interest receivable | 5,564 | 5,838 | |
Total assets | 1,361,477 | 1,341,782 | |
Deposits | 1,075,963 | 1,078,406 | |
Short-term borrowings | 148,985 | 123,633 | |
Long-term borrowings | 84,146 | 84,732 | |
Subordinated debentures | 5,000 | 16,800 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 828 | 812 | |
Derivative financial liabilities | 4,292 | 2,911 | |
Total liabilities | $1,338,803 | $1,326,883 |
Earnings_Per_Share_Computation
Earnings Per Share (Computations Of Basic And Diluted Earnings Per Share) (Details) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Earnings Per Share [Line Items] | ||
Net income | $4,285 | $2,389 |
Less preferred stock dividends | 0 | -193 |
Net income (loss) applicable to common shares | 4,285 | 2,196 |
Basic EPS, Common Shares (Denominator) (in shares) | 8,815,961 | 7,453,370 |
Basic EPS (in dollars per share) | $0.49 | $0.29 |
Diluted EPS, Stock options, Common Shares (Denominator) (in shares) | 8,567 | 9,762 |
Diluted EPS, Income (Numerator) | 4,285 | 2,389 |
Diluted EPS, Common Shares (Denominator) (in shares) | 10,493,323 | 9,628,927 |
Diluted EPS (in dollars per share) | $0.41 | $0.25 |
Series 2011 Preferred Stock [Member] | ||
Earnings Per Share [Line Items] | ||
Diluted EPS, convertible preferred stock dividend, Income (Numerator) | 0 | 119 |
Diluted EPS, convertible preferred stock, Common Shares (Denominator) (in shares) | 1,158,250 | 1,491,250 |
Series 2009 Preferred Stock [Member] | ||
Earnings Per Share [Line Items] | ||
Diluted EPS, convertible preferred stock dividend, Income (Numerator) | $0 | $74 |
Diluted EPS, convertible preferred stock, Common Shares (Denominator) (in shares) | 510,545 | 674,545 |
Earnings_Per_Share_Narrative_D
Earnings Per Share (Narrative) (Details) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Earnings Per Share [Abstract] | ||
Anti-dilutive stock options | 128,900 | 143,000 |
Securities_Summary_Of_Amortize
Securities (Summary Of Amortized Cost, Unrealized Gains, Unrealized Losses And Estimated Fair Values) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | $275,204 | $276,631 | $279,511 |
Available for sale securities, Unrealized Gains | 7,732 | 7,170 | 4,820 |
Available for sale securities, Unrealized Losses | 801 | 967 | 2,466 |
Available for sale securities, Estimated Fair Value | 282,135 | 282,834 | 281,865 |
U S Government Corporations And Agencies Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 21,650 | 22,153 | 27,658 |
Available for sale securities, Unrealized Gains | 1,227 | 1,073 | 736 |
Available for sale securities, Unrealized Losses | 40 | 52 | 78 |
Available for sale securities, Estimated Fair Value | 22,837 | 23,174 | 28,316 |
Government Sponsored Agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 153,904 | 147,951 | 142,644 |
Available for sale securities, Unrealized Gains | 3,412 | 2,599 | 2,230 |
Available for sale securities, Unrealized Losses | 501 | 773 | 1,060 |
Available for sale securities, Estimated Fair Value | 156,815 | 149,777 | 143,814 |
Nongovernment Sponsored Agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 11,034 | 12,051 | 10,429 |
Available for sale securities, Unrealized Gains | 105 | 142 | 377 |
Available for sale securities, Unrealized Losses | 71 | 48 | 19 |
Available for sale securities, Estimated Fair Value | 11,068 | 12,145 | 10,787 |
U S States And Political Subdivisions General Obligations [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 1,617 | 1,975 | 5,681 |
Available for sale securities, Unrealized Gains | 34 | 2 | 7 |
Available for sale securities, Unrealized Losses | 0 | 33 | 209 |
Available for sale securities, Estimated Fair Value | 1,651 | 1,944 | 5,479 |
State and Policital Subdivisions Water and Sewer Revenues [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 1,969 | 1,976 | 2,389 |
Available for sale securities, Unrealized Gains | 21 | 14 | 8 |
Available for sale securities, Unrealized Losses | 0 | 7 | 60 |
Available for sale securities, Estimated Fair Value | 1,990 | 1,983 | 2,337 |
State and Political Subdivisions Lottery/Casino Revenues [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 3,084 | ||
Available for sale securities, Unrealized Gains | 9 | ||
Available for sale securities, Unrealized Losses | 28 | ||
Available for sale securities, Estimated Fair Value | 3,065 | ||
State and Policital Subdivisions Other Revenues [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 1,697 | 4,696 | 3,021 |
Available for sale securities, Unrealized Gains | 67 | 73 | 0 |
Available for sale securities, Unrealized Losses | 0 | 2 | 106 |
Available for sale securities, Estimated Fair Value | 1,764 | 4,767 | 2,915 |
Corporate Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 6,675 | 3,776 | 3,977 |
Available for sale securities, Unrealized Gains | 0 | 0 | 25 |
Available for sale securities, Unrealized Losses | 10 | 0 | 4 |
Available for sale securities, Estimated Fair Value | 6,665 | 3,776 | 3,998 |
Taxable Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 201,630 | 194,578 | 195,799 |
Available for sale securities, Unrealized Gains | 4,875 | 3,903 | 3,383 |
Available for sale securities, Unrealized Losses | 650 | 915 | 1,536 |
Available for sale securities, Estimated Fair Value | 205,855 | 197,566 | 197,646 |
State and Political Subdivisions General Obligations [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 47,947 | 49,515 | 45,761 |
Available for sale securities, Unrealized Gains | 2,050 | 2,338 | 1,109 |
Available for sale securities, Unrealized Losses | 136 | 12 | 504 |
Available for sale securities, Estimated Fair Value | 49,861 | 51,841 | 46,366 |
State and Political Subdivisions Water and Sewer Revenues [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 10,302 | 11,258 | 14,033 |
Available for sale securities, Unrealized Gains | 278 | 244 | 64 |
Available for sale securities, Unrealized Losses | 1 | 3 | 110 |
Available for sale securities, Estimated Fair Value | 10,579 | 11,499 | 13,987 |
State and Political Subdivisions Special Tax Revenues [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 2,272 | ||
Available for sale securities, Unrealized Gains | 53 | ||
Available for sale securities, Unrealized Losses | 0 | ||
Available for sale securities, Estimated Fair Value | 2,325 | ||
State and Political Subdivisions Lease Revenues [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 4,617 | 9,079 | |
Available for sale securities, Unrealized Gains | 75 | 47 | |
Available for sale securities, Unrealized Losses | 10 | 168 | |
Available for sale securities, Estimated Fair Value | 4,682 | 8,958 | |
State and Political Subdivisions Lottery/casino Revenues [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 2,800 | 3,811 | 4,428 |
Available for sale securities, Unrealized Gains | 163 | 206 | 102 |
Available for sale securities, Unrealized Losses | 0 | 9 | 79 |
Available for sale securities, Estimated Fair Value | 2,963 | 4,008 | 4,451 |
State and Political Subdivisions Other Revenues [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 10,246 | 12,845 | 10,334 |
Available for sale securities, Unrealized Gains | 313 | 404 | 115 |
Available for sale securities, Unrealized Losses | 14 | 18 | 69 |
Available for sale securities, Estimated Fair Value | 10,545 | 13,231 | 10,380 |
Tax Exempt Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 73,567 | 82,046 | 83,635 |
Available for sale securities, Unrealized Gains | 2,857 | 3,267 | 1,437 |
Available for sale securities, Unrealized Losses | 151 | 52 | 930 |
Available for sale securities, Estimated Fair Value | 76,273 | 85,261 | 84,142 |
Equity Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 7 | 7 | 77 |
Available for sale securities, Unrealized Gains | 0 | 0 | 0 |
Available for sale securities, Unrealized Losses | 0 | 0 | 0 |
Available for sale securities, Estimated Fair Value | $7 | $7 | $77 |
Securities_Summary_of_Volume_o
Securities (Summary of Volume of State and Political Subdivision Securities Held in Portfolio) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | $275,204 | $276,631 | $279,511 |
Available for sale securities, Unrealized Gains | 7,732 | 7,170 | 4,820 |
Available for sale securities, Unrealized Losses | 801 | 967 | 2,466 |
Available for sale securities, Estimated Fair Value | 282,135 | 282,834 | 281,865 |
West Virginia [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 13,083 | ||
Available for sale securities, Unrealized Gains | 314 | ||
Available for sale securities, Unrealized Losses | 1 | ||
Available for sale securities, Estimated Fair Value | 13,396 | ||
Illinois [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 12,503 | ||
Available for sale securities, Unrealized Gains | 378 | ||
Available for sale securities, Unrealized Losses | 26 | ||
Available for sale securities, Estimated Fair Value | 12,855 | ||
California [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 10,999 | ||
Available for sale securities, Unrealized Gains | 527 | ||
Available for sale securities, Unrealized Losses | 25 | ||
Available for sale securities, Estimated Fair Value | 11,501 | ||
Ohio [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 7,621 | ||
Available for sale securities, Unrealized Gains | 39 | ||
Available for sale securities, Unrealized Losses | 26 | ||
Available for sale securities, Estimated Fair Value | 7,634 | ||
Washington [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Total Amortized Cost | 5,845 | ||
Available for sale securities, Unrealized Gains | 283 | ||
Available for sale securities, Unrealized Losses | 40 | ||
Available for sale securities, Estimated Fair Value | $6,088 |
Securities_Summary_Of_Maturiti
Securities (Summary Of Maturities, Amortized Cost And Estimated Fair Values Of Securities) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Available-for-sale Securities [Abstract] | |||
Due in one year or less, Amortized Cost | $63,900 | ||
Due from one to five years, Amortized Cost | 98,613 | ||
Due from five to ten years, Amortized Cost | 24,470 | ||
Due after ten years, Amortized Cost | 88,214 | ||
Equity securities, Amortized Cost | 7 | ||
Total Amortized Cost | 275,204 | 276,631 | 279,511 |
Due in one year or less, Estimated Fair Value | 65,018 | ||
Due from one to five years, Estimated Fair Value | 100,486 | ||
Due from five to ten years, Estimated Fair Value | 25,230 | ||
Due after ten years, Estimated Fair Value | 91,394 | ||
Equity securities, Estimated Fair Value | 7 | ||
Total Estimated Fair Value | $282,135 |
Securities_Summary_Of_Proceeds
Securities (Summary Of Proceeds From Sales, Calls And Maturities, Principal Payments, Gains And Losses Of Securities) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Available-for-sale Securities [Abstract] | ||
Securities available for sale, Proceeds from Sales | $26,835 | $18,157 |
Securities available for sale, Proceeds from Calls and Maturities | 365 | 2,051 |
Securities available for sale, Proceeds from Principal Payments | 8,621 | 8,782 |
Securities available for sale, Gross realized Gains | 549 | |
Securities available for sale, Gross realized Losses | $69 |
Securities_Narrative_Details
Securities (Narrative) (Details) | Mar. 31, 2015 |
security | |
Available-for-sale Securities [Abstract] | |
Securities held with an unrealized loss position | 44 |
Securities_Summary_Of_Securiti
Securities (Summary Of Securities Available For Sale In Unrealized Loss Position) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | $49,263 | $49,087 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 711 | -600 |
12 months or more, Estimated Fair Value | 7,946 | 32,701 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 90 | -367 |
Total Estimated Fair Value | 57,209 | 81,788 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 801 | -967 |
Temporarily Impaired Securities Member | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 49,263 | 49,087 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 711 | -600 |
12 months or more, Estimated Fair Value | 7,946 | 32,701 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 90 | -367 |
Total Estimated Fair Value | 57,209 | 81,788 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 801 | -967 |
Temporarily Impaired Securities Member | U S Government Corporations And Agencies Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 |
12 months or more, Estimated Fair Value | 3,599 | 3,912 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 40 | -52 |
Total Estimated Fair Value | 3,599 | 3,912 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 40 | -52 |
Temporarily Impaired Securities Member | Government Sponsored Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 26,814 | 36,825 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 457 | -535 |
12 months or more, Estimated Fair Value | 4,080 | 21,915 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 44 | -238 |
Total Estimated Fair Value | 30,894 | 58,740 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 501 | -773 |
Temporarily Impaired Securities Member | Nongovernment Sponsored Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 6,718 | 5,488 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 71 | -44 |
12 months or more, Estimated Fair Value | 0 | 2,163 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | -4 |
Total Estimated Fair Value | 6,718 | 7,651 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 71 | -48 |
Temporarily Impaired Securities Member | State and Political Subdivisions General Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | |
12 months or more, Estimated Fair Value | 316 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | -33 | |
Total Estimated Fair Value | 316 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | -33 | |
Temporarily Impaired Securities Member | State and Political Subdivisions Water and Sewer Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | |
12 months or more, Estimated Fair Value | 817 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | -7 | |
Total Estimated Fair Value | 817 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | -7 | |
Temporarily Impaired Securities Member | State and Political Subdivisions Other Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 1,098 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | -2 | |
12 months or more, Estimated Fair Value | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Total Estimated Fair Value | 1,098 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | -2 | |
Temporarily Impaired Securities Member | Corporate Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 2,875 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 10 | |
12 months or more, Estimated Fair Value | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Total Estimated Fair Value | 2,875 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 10 | |
Temporarily Impaired Securities Member | Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 10,165 | 3,708 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 136 | -8 |
12 months or more, Estimated Fair Value | 0 | 438 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | -4 |
Total Estimated Fair Value | 10,165 | 4,146 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 136 | -12 |
Temporarily Impaired Securities Member | Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 284 | 721 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 1 | -3 |
12 months or more, Estimated Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Total Estimated Fair Value | 284 | 721 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 1 | -3 |
Temporarily Impaired Securities Member | Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | |
12 months or more, Estimated Fair Value | 1,168 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | -10 | |
Total Estimated Fair Value | 1,168 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | -10 | |
Temporarily Impaired Securities Member | Tax Exempt State and Political Subdivisions Lottery/casino Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 1,834 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 28 | 0 |
12 months or more, Estimated Fair Value | 0 | 1,126 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | -9 |
Total Estimated Fair Value | 1,834 | 1,126 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 28 | -9 |
Temporarily Impaired Securities Member | Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 573 | 1,247 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 8 | -8 |
12 months or more, Estimated Fair Value | 267 | 846 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 6 | -10 |
Total Estimated Fair Value | 840 | 2,093 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 14 | -18 |
Other Than Temporarily Impaired Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 |
12 months or more, Estimated Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Total Estimated Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $0 | $0 |
Loans_Narrative_Details
Loans (Narrative) (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Dec. 31, 2014 | |
Loans and Leases Receivable Disclosure [Abstract] | ||
Residential real estate loan threshold for jumbo loans | $600,000 | |
Threshold period past due for nonaccrual status of financing receivable | 90 days | |
Threshold period past due for write-off of credit card loans | 180 days | |
Threshold period special event notification for writeoff of financing receivable | 60 days | |
Threshold period past due for writeoff of residential mortgage loans | 180 days | |
Threshold period for writeoff of collateralized consumer loans | 120 days | |
Risk rate loans, aggregate balance threshold | 2,000,000 | |
Risk rate loans, loan balance threshold | 500,000 | |
Troubled debt restructurings included in impaired loans | 32,900,000 | 34,700,000 |
Current Troubled debt restructurings included in impaired loans | 30,200,000 | 32,200,000 |
Troubled debt restructuring, aggregate exposure | $2,000,000 |
Loans_Summary_Of_Loans_Net_Of_
Loans (Summary Of Loans, Net Of Unearned Fees) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | $1,050,496 | $1,031,009 | $973,783 |
Less allowance for loan losses | 10,827 | 11,167 | 11,069 |
Loans, net | 1,039,669 | 1,019,842 | 962,714 |
Commercial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 89,928 | 88,590 | 93,517 |
Owner Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 180,269 | 157,783 | 150,025 |
Non-Owner Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 325,764 | 317,136 | 297,197 |
Land and Land Improvements [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 66,558 | 67,881 | 67,342 |
Construction Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 19,094 | 28,591 | 18,327 |
Non-Jumbo [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 219,938 | 220,071 | 215,665 |
Jumbo [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 50,492 | 52,879 | 51,406 |
Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 68,894 | 67,115 | 56,161 |
Consumer Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 18,485 | 19,456 | 19,106 |
Other Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | $11,074 | $11,507 | $5,037 |
Loans_Schedule_Of_Contractual_
Loans (Schedule Of Contractual Aging Of Recorded Investment In Past Due Loans By Class) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due, 30-59 days | $5,972 | $6,372 | $5,656 |
Past Due, 60-89 days | 2,513 | 5,168 | 1,122 |
Past Due, greater than 90 days | 9,554 | 10,060 | 9,747 |
Past Due, Total | 18,039 | 21,600 | 16,525 |
Current | 1,032,457 | 1,009,409 | 957,258 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Commercial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due, 30-59 days | 388 | 328 | 52 |
Past Due, 60-89 days | 0 | 117 | 50 |
Past Due, greater than 90 days | 744 | 330 | 796 |
Past Due, Total | 1,132 | 775 | 898 |
Current | 88,796 | 87,815 | 92,619 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due, 30-59 days | 119 | 121 | 0 |
Past Due, 60-89 days | 0 | 194 | 236 |
Past Due, greater than 90 days | 629 | 801 | 125 |
Past Due, Total | 748 | 1,116 | 361 |
Current | 179,521 | 156,667 | 149,664 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Non-Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due, 30-59 days | 664 | 146 | 1,076 |
Past Due, 60-89 days | 0 | 0 | 0 |
Past Due, greater than 90 days | 406 | 406 | 768 |
Past Due, Total | 1,070 | 552 | 1,844 |
Current | 324,694 | 316,584 | 295,353 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Land and Land Improvements [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due, 30-59 days | 1,376 | 346 | 754 |
Past Due, 60-89 days | 1,361 | 2,002 | 0 |
Past Due, greater than 90 days | 4,980 | 4,253 | 6,123 |
Past Due, Total | 7,717 | 6,601 | 6,877 |
Current | 58,841 | 61,280 | 60,465 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Construction Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due, 30-59 days | 0 | 0 | 0 |
Past Due, 60-89 days | 0 | 0 | 0 |
Past Due, greater than 90 days | 0 | 0 | 0 |
Past Due, Total | 0 | 0 | 0 |
Current | 19,094 | 28,591 | 18,327 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Non-Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due, 30-59 days | 2,891 | 4,104 | 2,780 |
Past Due, 60-89 days | 1,090 | 2,719 | 804 |
Past Due, greater than 90 days | 1,888 | 1,498 | 1,821 |
Past Due, Total | 5,869 | 8,321 | 5,405 |
Current | 214,069 | 211,750 | 210,260 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due, 30-59 days | 0 | 0 | 712 |
Past Due, 60-89 days | 0 | 0 | 0 |
Past Due, greater than 90 days | 713 | 2,626 | 0 |
Past Due, Total | 713 | 2,626 | 712 |
Current | 49,779 | 50,253 | 50,694 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due, 30-59 days | 395 | 1,067 | 75 |
Past Due, 60-89 days | 0 | 94 | 0 |
Past Due, greater than 90 days | 172 | 83 | 69 |
Past Due, Total | 567 | 1,244 | 144 |
Current | 68,327 | 65,871 | 56,017 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due, 30-59 days | 139 | 260 | 207 |
Past Due, 60-89 days | 62 | 42 | 32 |
Past Due, greater than 90 days | 22 | 63 | 45 |
Past Due, Total | 223 | 365 | 284 |
Current | 18,262 | 19,091 | 18,822 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Other Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due, 30-59 days | 0 | 0 | 0 |
Past Due, 60-89 days | 0 | 0 | 0 |
Past Due, greater than 90 days | 0 | 0 | 0 |
Past Due, Total | 0 | 0 | 0 |
Current | 11,074 | 11,507 | 5,037 |
Recorded Investment greater then 90 days and Accruing | $0 | $0 | $0 |
Loans_Schedule_Of_Nonaccrual_L
Loans (Schedule Of Nonaccrual Loans Included In Net Balance Of Loans) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | $12,017 | $12,494 | $16,915 |
Commercial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 788 | 392 | 866 |
Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 934 | 1,218 | 2,404 |
Non-Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 406 | 626 | 430 |
Land and Land Improvements [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 5,333 | 4,619 | 10,252 |
Construction Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 | 0 |
Non-Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,429 | 2,663 | 2,593 |
Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 713 | 2,626 | 0 |
Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 349 | 267 | 297 |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | $65 | $83 | $73 |
Loans_Schedule_Of_Method_Used_
Loans (Schedule Of Method Used To Measure Impairment Of Impaired Loans) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | $50,679 | $48,416 | $51,703 |
Commercial [Member] | Fair Value of Collateral [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 44 | 132 | 899 |
Commercial [Member] | Discounted Cash Flow [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 337 | 362 | 0 |
Owner Occupied [Member] | Fair Value of Collateral [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 5,665 | 1,683 | 4,856 |
Owner Occupied [Member] | Discounted Cash Flow [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 9,056 | 9,124 | 7,598 |
Non-Owner Occupied [Member] | Fair Value of Collateral [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 1,633 | 508 | 518 |
Non-Owner Occupied [Member] | Discounted Cash Flow [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 6,184 | 5,999 | 5,259 |
Land and Land Improvements [Member] | Fair Value of Collateral [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 11,733 | 11,998 | 16,107 |
Land and Land Improvements [Member] | Discounted Cash Flow [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 2,286 | 2,310 | 1,457 |
Non-Jumbo [Member] | Fair Value of Collateral [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 1,719 | 1,676 | 3,450 |
Non-Jumbo [Member] | Discounted Cash Flow [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 4,677 | 5,252 | 2,603 |
Jumbo [Member] | Fair Value of Collateral [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 5,672 | 7,594 | 6,644 |
Jumbo [Member] | Discounted Cash Flow [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 884 | 886 | 2,086 |
Home Equity [Member] | Fair Value of Collateral [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 186 | 285 | 186 |
Home Equity [Member] | Discounted Cash Flow [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 523 | 523 | 0 |
Consumer Portfolio Segment [Member] | Fair Value of Collateral [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | 2 | 2 | 40 |
Consumer Portfolio Segment [Member] | Discounted Cash Flow [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | $78 | $82 | $0 |
Loans_Schedule_Of_Loans_Indivi
Loans (Schedule Of Loans Individually Evaluated For Impairment) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | $50,664 | $51,686 | $48,399 |
Unpaid Principal Balance | 50,679 | 51,703 | 48,416 |
Related Allowance | 771 | 3,373 | 816 |
Average Impaired Balance | 45,404 | 51,703 | 46,643 |
Interest Income Recognized while impaired | 1,758 | 1,850 | 1,784 |
Commercial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 381 | 824 | 370 |
Without a related allowance, Unpaid Principal Balance | 381 | 824 | 369 |
Without a related allowance, Average Impaired Balance | 381 | 824 | 430 |
Without a related allowance, Interest Income Recognized while impaired | 21 | 27 | 27 |
With a related allowance, Recorded Investment | 0 | 75 | 125 |
With a related allowance, Unpaid Principal Balance | 0 | 75 | 125 |
With a related allowance, Related Allowance | 0 | 18 | 81 |
With a related allowance, Average Impaired Balance | 0 | 75 | 38 |
With a related allowance, Interest Income Recognized while impaired | 0 | 5 | 0 |
Owner Occupied [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 9,312 | 7,836 | 5,362 |
Without a related allowance, Unpaid Principal Balance | 9,312 | 7,836 | 5,361 |
Without a related allowance, Average Impaired Balance | 5,364 | 7,836 | 5,309 |
Without a related allowance, Interest Income Recognized while impaired | 180 | 231 | 192 |
With a related allowance, Recorded Investment | 5,409 | 4,618 | 5,446 |
With a related allowance, Unpaid Principal Balance | 5,409 | 4,618 | 5,446 |
With a related allowance, Related Allowance | 255 | 324 | 287 |
With a related allowance, Average Impaired Balance | 5,409 | 4,618 | 5,461 |
With a related allowance, Interest Income Recognized while impaired | 215 | 213 | 216 |
Non-Owner Occupied [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 5,183 | 5,035 | 3,645 |
Without a related allowance, Unpaid Principal Balance | 5,185 | 5,037 | 3,647 |
Without a related allowance, Average Impaired Balance | 3,858 | 5,037 | 4,420 |
Without a related allowance, Interest Income Recognized while impaired | 180 | 249 | 199 |
With a related allowance, Recorded Investment | 2,632 | 740 | 2,860 |
With a related allowance, Unpaid Principal Balance | 2,632 | 740 | 2,860 |
With a related allowance, Related Allowance | 21 | 85 | 74 |
With a related allowance, Average Impaired Balance | 2,632 | 740 | 1,003 |
With a related allowance, Interest Income Recognized while impaired | 123 | 28 | 40 |
Land and Land Improvements [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 13,121 | 11,793 | 13,410 |
Without a related allowance, Unpaid Principal Balance | 13,121 | 11,793 | 13,410 |
Without a related allowance, Average Impaired Balance | 13,121 | 11,793 | 14,149 |
Without a related allowance, Interest Income Recognized while impaired | 436 | 323 | 483 |
With a related allowance, Recorded Investment | 898 | 5,771 | 898 |
With a related allowance, Unpaid Principal Balance | 898 | 5,771 | 898 |
With a related allowance, Related Allowance | 176 | 2,553 | 46 |
With a related allowance, Average Impaired Balance | 898 | 5,771 | 933 |
With a related allowance, Interest Income Recognized while impaired | 0 | 40 | 42 |
Construction [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 0 | 0 | 0 |
Without a related allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Without a related allowance, Average Impaired Balance | 0 | 0 | 0 |
Without a related allowance, Interest Income Recognized while impaired | 0 | 0 | 0 |
With a related allowance, Recorded Investment | 0 | 0 | 0 |
With a related allowance, Unpaid Principal Balance | 0 | 0 | 0 |
With a related allowance, Related Allowance | 0 | 0 | 0 |
With a related allowance, Average Impaired Balance | 0 | 0 | 0 |
With a related allowance, Interest Income Recognized while impaired | 0 | 0 | 0 |
Non-Jumbo [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 3,763 | 3,209 | 4,289 |
Without a related allowance, Unpaid Principal Balance | 3,772 | 3,217 | 4,300 |
Without a related allowance, Average Impaired Balance | 3,772 | 3,217 | 3,853 |
Without a related allowance, Interest Income Recognized while impaired | 167 | 140 | 185 |
With a related allowance, Recorded Investment | 2,623 | 2,835 | 2,627 |
With a related allowance, Unpaid Principal Balance | 2,624 | 2,836 | 2,628 |
With a related allowance, Related Allowance | 276 | 337 | 282 |
With a related allowance, Average Impaired Balance | 2,624 | 2,836 | 2,093 |
With a related allowance, Interest Income Recognized while impaired | 119 | 134 | 98 |
Jumbo [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 5,669 | 7,828 | 7,589 |
Without a related allowance, Unpaid Principal Balance | 5,672 | 7,833 | 7,594 |
Without a related allowance, Average Impaired Balance | 5,672 | 7,833 | 7,761 |
Without a related allowance, Interest Income Recognized while impaired | 235 | 401 | 241 |
With a related allowance, Recorded Investment | 883 | 896 | 885 |
With a related allowance, Unpaid Principal Balance | 884 | 897 | 886 |
With a related allowance, Related Allowance | 43 | 56 | 46 |
With a related allowance, Average Impaired Balance | 884 | 897 | 892 |
With a related allowance, Interest Income Recognized while impaired | 44 | 45 | 45 |
Home Equity [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 710 | 186 | 809 |
Without a related allowance, Unpaid Principal Balance | 709 | 186 | 808 |
Without a related allowance, Average Impaired Balance | 709 | 186 | 265 |
Without a related allowance, Interest Income Recognized while impaired | 31 | 11 | 14 |
With a related allowance, Recorded Investment | 0 | 0 | 0 |
With a related allowance, Unpaid Principal Balance | 0 | 0 | 0 |
With a related allowance, Related Allowance | 0 | 0 | 0 |
With a related allowance, Average Impaired Balance | 0 | 0 | 0 |
With a related allowance, Interest Income Recognized while impaired | 0 | 0 | 0 |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 80 | 40 | 84 |
Without a related allowance, Unpaid Principal Balance | 80 | 40 | 84 |
Without a related allowance, Average Impaired Balance | 80 | 40 | 36 |
Without a related allowance, Interest Income Recognized while impaired | 7 | 3 | 2 |
With a related allowance, Recorded Investment | 0 | 0 | 0 |
With a related allowance, Unpaid Principal Balance | 0 | 0 | 0 |
With a related allowance, Related Allowance | 0 | 0 | 0 |
With a related allowance, Average Impaired Balance | 0 | 0 | 0 |
With a related allowance, Interest Income Recognized while impaired | 0 | 0 | 0 |
Total Without a Related Allowance | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 38,219 | 36,751 | 35,558 |
Without a related allowance, Unpaid Principal Balance | 38,232 | 36,766 | 35,573 |
Without a related allowance, Average Impaired Balance | 32,957 | 36,766 | 36,223 |
Without a related allowance, Interest Income Recognized while impaired | 1,257 | 1,385 | 1,343 |
Total With a Related Allowance | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | 12,445 | 14,935 | 12,841 |
With a related allowance, Unpaid Principal Balance | 12,447 | 14,937 | 12,843 |
With a related allowance, Related Allowance | 771 | 3,373 | 816 |
With a related allowance, Average Impaired Balance | 12,447 | 14,937 | 10,420 |
With a related allowance, Interest Income Recognized while impaired | 501 | 465 | 441 |
Total Commercial | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 36,936 | 36,692 | 32,116 |
Unpaid Principal Balance | 36,938 | 36,694 | 32,116 |
Related Allowance | 452 | 2,980 | 488 |
Average Impaired Balance | 31,663 | 36,694 | 31,743 |
Interest Income Recognized while impaired | 1,155 | 1,116 | 1,199 |
Total Residential Real Estate | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 13,648 | 14,954 | 16,199 |
Unpaid Principal Balance | 13,661 | 14,969 | 16,216 |
Related Allowance | 319 | 393 | 328 |
Average Impaired Balance | 13,661 | 14,969 | 14,864 |
Interest Income Recognized while impaired | 596 | 731 | 583 |
Total Consumer | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 80 | 40 | 84 |
Unpaid Principal Balance | 80 | 40 | 84 |
Related Allowance | 0 | 0 | 0 |
Average Impaired Balance | 80 | 40 | 36 |
Interest Income Recognized while impaired | $7 | $3 | $2 |
Loans_Schedule_Of_Defaults_Dur
Loans (Schedule Of Defaults During Stated Period Of Trouble Debt Restructurings) (Details) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 |
contract | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | 5 |
Recorded Investment at Default Date | $877 |
Commercial [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | 1 |
Recorded Investment at Default Date | 27 |
Owner Occupied [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | 0 |
Recorded Investment at Default Date | 0 |
Non-Owner Occupied [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | 0 |
Recorded Investment at Default Date | 0 |
Land and Land Improvements [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | 0 |
Recorded Investment at Default Date | 0 |
Construction [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | 0 |
Recorded Investment at Default Date | 0 |
Non-Jumbo [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | 3 |
Recorded Investment at Default Date | 833 |
Jumbo [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | 0 |
Recorded Investment at Default Date | 0 |
Home Equity [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | 0 |
Recorded Investment at Default Date | 0 |
Consumer Portfolio Segment [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | 1 |
Recorded Investment at Default Date | $17 |
Loans_Schedule_of_the_Activity
Loans (Schedule of the Activity Regarding TDRs by Loan Type) (Details) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | $34,671 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | -1,798 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 32,873 |
Allowance related to troubled debt restructurings | 717 |
Land and Land Improvements [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 5,786 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | -28 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 5,758 |
Allowance related to troubled debt restructurings | 168 |
Construction [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 0 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | 0 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 0 |
Allowance related to troubled debt restructurings | 0 |
Commercial [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 410 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | -29 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 381 |
Allowance related to troubled debt restructurings | 0 |
Owner Occupied [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 9,501 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | -73 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 9,428 |
Allowance related to troubled debt restructurings | 209 |
Non-Owner Occupied [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 6,219 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | -35 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 6,184 |
Allowance related to troubled debt restructurings | 21 |
Non-Jumbo [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 6,245 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | -423 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 5,822 |
Allowance related to troubled debt restructurings | 276 |
Jumbo [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 5,937 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | -1,206 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 4,731 |
Allowance related to troubled debt restructurings | 43 |
Home Equity Line of Credit [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 523 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | 0 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 523 |
Allowance related to troubled debt restructurings | 0 |
Consumer Portfolio Segment [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 50 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | -4 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 46 |
Allowance related to troubled debt restructurings | 0 |
Other Loans [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 0 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | 0 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 0 |
Allowance related to troubled debt restructurings | $0 |
Loans_Schedule_Of_Recorded_Inv
Loans (Schedule Of Recorded Investment Evaluated Based On Internal Risk Ratings) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $1,050,496 | |
Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 66,558 | 67,881 |
Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 19,094 | 28,591 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 89,928 | 88,590 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 180,269 | 157,783 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 325,764 | 317,136 |
Pass [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 52,284 | 53,873 |
Pass [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 19,094 | 28,591 |
Pass [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 87,582 | 86,361 |
Pass [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 177,752 | 155,189 |
Pass [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 315,360 | 306,710 |
Special Mention [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 2,452 | 1,673 |
Special Mention [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Special Mention [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,702 | 1,837 |
Special Mention [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,275 | 1,064 |
Special Mention [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 3,798 | 8,933 |
Substandard [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 11,822 | 12,335 |
Substandard [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Substandard [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 644 | 392 |
Substandard [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,242 | 1,530 |
Substandard [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 6,606 | 1,493 |
Doubtful [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $0 | $0 |
Loans_Schedule_Of_Recorded_Inv1
Loans (Schedule Of Recorded Investment Evaluated Based On Aging Status Of Loans And Payment Activity) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | $364,327 | $365,389 | $344,412 |
Performing Financing Receivable [Member] | Non-Jumbo [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 216,509 | 217,408 | 213,071 |
Performing Financing Receivable [Member] | Jumbo [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 49,779 | 50,253 | 51,406 |
Performing Financing Receivable [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 68,545 | 66,848 | 55,865 |
Performing Financing Receivable [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 18,420 | 19,373 | 19,033 |
Performing Financing Receivable [Member] | Other Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 11,074 | 11,507 | 5,037 |
Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 4,556 | 5,639 | 2,963 |
Nonperforming Financing Receivable [Member] | Non-Jumbo [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 3,429 | 2,663 | 2,594 |
Nonperforming Financing Receivable [Member] | Jumbo [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 713 | 2,626 | 0 |
Nonperforming Financing Receivable [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 349 | 267 | 296 |
Nonperforming Financing Receivable [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 65 | 83 | 73 |
Nonperforming Financing Receivable [Member] | Other Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | $0 | $0 | $0 |
Allowance_For_Loan_Losses_Narr
Allowance For Loan Losses (Narrative) (Details) (USD $) | 3 Months Ended |
Mar. 31, 2015 | |
loan_pool | |
reserve_component | |
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | |
Number of distinct reserve components | 3 |
Aggregate balance threshold for evaluating individual loans | $500,000 |
Period for re-evaluation of fair value for collateral dependent loans | 12 months |
Number of loan pools for stratification | 10 |
Allocation of loan pool's average 12-month historical net loan charge-off | 100.00% |
Allowance_For_Loan_Losses_Summ
Allowance For Loan Losses (Summary Of Analysis Of Allowance For Loan Losses) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | $11,167 | $12,659 | $12,659 |
Total, Losses | 782 | 2,862 | 4,833 |
Total Recoveries | 192 | 272 | 1,091 |
Net losses | 590 | 2,590 | 3,742 |
Provision for loan losses | 250 | 1,000 | 2,250 |
Ending balance | 10,827 | 11,069 | 11,167 |
Commercial [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 1,204 | ||
Total, Losses | 77 | 390 | 390 |
Total Recoveries | 2 | 6 | 34 |
Provision for loan losses | 9 | ||
Ending balance | 1,138 | 1,204 | |
Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 927 | ||
Total, Losses | 266 | 11 | 11 |
Total Recoveries | 3 | 7 | 40 |
Provision for loan losses | 571 | ||
Ending balance | 1,235 | 927 | |
Non-Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 1,316 | ||
Total, Losses | 0 | 0 | 0 |
Total Recoveries | 2 | 3 | 318 |
Provision for loan losses | -25 | ||
Ending balance | 1,293 | 1,316 | |
Land and Land Development [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 3,417 | ||
Total, Losses | 180 | 2,376 | 3,535 |
Total Recoveries | 11 | 26 | 298 |
Provision for loan losses | 370 | ||
Ending balance | 3,618 | 3,417 | |
Construction [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 427 | ||
Total, Losses | 0 | 0 | 0 |
Total Recoveries | 0 | 0 | 0 |
Provision for loan losses | -183 | ||
Ending balance | 244 | 427 | |
Non-Jumbo [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 1,280 | ||
Total, Losses | 160 | 9 | 435 |
Total Recoveries | 7 | 20 | 87 |
Provision for loan losses | 125 | ||
Ending balance | 1,252 | 1,280 | |
Jumbo [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 2,081 | ||
Total, Losses | 0 | 8 | 65 |
Total Recoveries | 95 | 163 | 163 |
Provision for loan losses | -613 | ||
Ending balance | 1,563 | 2,081 | |
Home Equity [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 187 | ||
Total, Losses | 32 | 0 | 14 |
Total Recoveries | 1 | 2 | 4 |
Provision for loan losses | 103 | ||
Ending balance | 259 | 187 | |
Consumer [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 97 | ||
Total, Losses | 43 | 45 | 265 |
Total Recoveries | 49 | 20 | 74 |
Provision for loan losses | -24 | ||
Ending balance | 79 | 97 | |
Other | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 231 | ||
Total, Losses | 24 | 23 | 118 |
Total Recoveries | 22 | 25 | 73 |
Provision for loan losses | -83 | ||
Ending balance | $146 | $231 |
Allowance_For_Loan_Losses_Summ1
Allowance For Loan Losses (Summary Of Net Unearned Income) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | $11,167 | $12,659 | $12,659 |
Charge-offs | 782 | 2,862 | 4,833 |
Recoveries | 192 | 272 | 1,091 |
Provision | 250 | 1,000 | 2,250 |
Ending balance | 10,827 | 11,069 | 11,167 |
Allowance related to: Loans individually evaluated for impairment | 771 | ||
Allowance related to: Loans collectively evaluated for impairment | 10,056 | ||
Total, Allowance | 10,827 | 11,069 | 11,167 |
Loans individually evaluated for impairment | 50,629 | ||
Loans collectively evaluated for impairment | 999,867 | ||
Total, Loans | 1,050,496 | ||
Land and Land Development [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 3,417 | ||
Charge-offs | 180 | 2,376 | 3,535 |
Recoveries | 11 | 26 | 298 |
Provision | 370 | ||
Ending balance | 3,618 | 3,417 | |
Allowance related to: Loans individually evaluated for impairment | 176 | ||
Allowance related to: Loans collectively evaluated for impairment | 3,442 | ||
Total, Allowance | 3,618 | 3,417 | |
Loans individually evaluated for impairment | 14,019 | ||
Loans collectively evaluated for impairment | 52,539 | ||
Total, Loans | 66,558 | ||
Construction [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 427 | ||
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Provision | -183 | ||
Ending balance | 244 | 427 | |
Allowance related to: Loans individually evaluated for impairment | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 244 | ||
Total, Allowance | 244 | 427 | |
Loans individually evaluated for impairment | 0 | ||
Loans collectively evaluated for impairment | 19,094 | ||
Total, Loans | 19,094 | ||
Commercial [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 1,204 | ||
Charge-offs | 77 | 390 | 390 |
Recoveries | 2 | 6 | 34 |
Provision | 9 | ||
Ending balance | 1,138 | 1,204 | |
Allowance related to: Loans individually evaluated for impairment | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 1,138 | ||
Total, Allowance | 1,138 | 1,204 | |
Loans individually evaluated for impairment | 381 | ||
Loans collectively evaluated for impairment | 89,547 | ||
Total, Loans | 89,928 | ||
Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 927 | ||
Charge-offs | 266 | 11 | 11 |
Recoveries | 3 | 7 | 40 |
Provision | 571 | ||
Ending balance | 1,235 | 927 | |
Allowance related to: Loans individually evaluated for impairment | 255 | ||
Allowance related to: Loans collectively evaluated for impairment | 980 | ||
Total, Allowance | 1,235 | 927 | |
Loans individually evaluated for impairment | 14,721 | ||
Loans collectively evaluated for impairment | 165,548 | ||
Total, Loans | 180,269 | ||
Non-Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 1,316 | ||
Charge-offs | 0 | 0 | 0 |
Recoveries | 2 | 3 | 318 |
Provision | -25 | ||
Ending balance | 1,293 | 1,316 | |
Allowance related to: Loans individually evaluated for impairment | 21 | ||
Allowance related to: Loans collectively evaluated for impairment | 1,272 | ||
Total, Allowance | 1,293 | 1,316 | |
Loans individually evaluated for impairment | 7,817 | ||
Loans collectively evaluated for impairment | 317,947 | ||
Total, Loans | 325,764 | ||
Non-Jumbo [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 1,280 | ||
Charge-offs | 160 | 9 | 435 |
Recoveries | 7 | 20 | 87 |
Provision | 125 | ||
Ending balance | 1,252 | 1,280 | |
Allowance related to: Loans individually evaluated for impairment | 276 | ||
Allowance related to: Loans collectively evaluated for impairment | 976 | ||
Total, Allowance | 1,252 | 1,280 | |
Loans individually evaluated for impairment | 6,347 | ||
Loans collectively evaluated for impairment | 213,591 | ||
Total, Loans | 219,938 | ||
Jumbo [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 2,081 | ||
Charge-offs | 0 | 8 | 65 |
Recoveries | 95 | 163 | 163 |
Provision | -613 | ||
Ending balance | 1,563 | 2,081 | |
Allowance related to: Loans individually evaluated for impairment | 43 | ||
Allowance related to: Loans collectively evaluated for impairment | 1,520 | ||
Total, Allowance | 1,563 | 2,081 | |
Loans individually evaluated for impairment | 6,556 | ||
Loans collectively evaluated for impairment | 43,936 | ||
Total, Loans | 50,492 | ||
Home Equity [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 187 | ||
Charge-offs | 32 | 0 | 14 |
Recoveries | 1 | 2 | 4 |
Provision | 103 | ||
Ending balance | 259 | 187 | |
Allowance related to: Loans individually evaluated for impairment | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 259 | ||
Total, Allowance | 259 | 187 | |
Loans individually evaluated for impairment | 709 | ||
Loans collectively evaluated for impairment | 68,185 | ||
Total, Loans | 68,894 | ||
Consumer [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 97 | ||
Charge-offs | 43 | 45 | 265 |
Recoveries | 49 | 20 | 74 |
Provision | -24 | ||
Ending balance | 79 | 97 | |
Allowance related to: Loans individually evaluated for impairment | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 79 | ||
Total, Allowance | 79 | 97 | |
Loans individually evaluated for impairment | 79 | ||
Loans collectively evaluated for impairment | 18,406 | ||
Total, Loans | 18,485 | ||
Other | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 231 | ||
Charge-offs | 24 | 23 | 118 |
Recoveries | 22 | 25 | 73 |
Provision | -83 | ||
Ending balance | 146 | 231 | |
Allowance related to: Loans individually evaluated for impairment | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 146 | ||
Total, Allowance | 146 | 231 | |
Loans individually evaluated for impairment | 0 | ||
Loans collectively evaluated for impairment | 11,074 | ||
Total, Loans | $11,074 |
Goodwill_And_Other_Intangible_2
Goodwill And Other Intangible Assets (Summary Of Goodwill Activity) (Details) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | $6,198 |
Acquired goodwill, net | 0 |
Goodwill, ending balance | 6,198 |
Community Banking [Member] | |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | 1,488 |
Acquired goodwill, net | 0 |
Goodwill, ending balance | 1,488 |
Insurance Services [Member] | |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | 4,710 |
Acquired goodwill, net | 0 |
Goodwill, ending balance | $4,710 |
Goodwill_And_Other_Intangible_3
Goodwill And Other Intangible Assets (Summary Of Other Intangible Assets) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Goodwill [Line Items] | ||
Unidentifiable intangible assets, Gross carrying amount | $2,268 | $2,268 |
Unidentifiable intangible assets, Less: accumulated amortization | 2,268 | 2,268 |
Unidentifiable intangible assets, Net carrying amount | 0 | 0 |
Identifiable intangible assets, Gross carrying amount | 3,000 | 3,000 |
Identifiable intangible assets, Less: accumulated amortization | 1,550 | 1,500 |
Identifiable intangible assets, Net carrying amount | 1,450 | 1,500 |
Community Banking [Member] | ||
Goodwill [Line Items] | ||
Unidentifiable intangible assets, Gross carrying amount | 2,268 | 2,268 |
Unidentifiable intangible assets, Less: accumulated amortization | 2,268 | 2,268 |
Unidentifiable intangible assets, Net carrying amount | 0 | 0 |
Identifiable intangible assets, Gross carrying amount | 0 | 0 |
Identifiable intangible assets, Less: accumulated amortization | 0 | 0 |
Identifiable intangible assets, Net carrying amount | 0 | 0 |
Insurance Services [Member] | ||
Goodwill [Line Items] | ||
Unidentifiable intangible assets, Gross carrying amount | 0 | 0 |
Unidentifiable intangible assets, Less: accumulated amortization | 0 | 0 |
Unidentifiable intangible assets, Net carrying amount | 0 | 0 |
Identifiable intangible assets, Gross carrying amount | 3,000 | 3,000 |
Identifiable intangible assets, Less: accumulated amortization | 1,550 | 1,500 |
Identifiable intangible assets, Net carrying amount | $1,450 | $1,500 |
Goodwill_And_Other_Intangible_4
Goodwill And Other Intangible Assets (Narrative) (Details) (USD $) | 3 Months Ended |
Mar. 31, 2015 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Recorded amortization expense | $50,000 |
Annual amortization, 2015 | 200,000 |
Annual amortization, 2016 | 200,000 |
Annual amortization, 2017 | 200,000 |
Annual amortization, 2018 | 200,000 |
Annual Amortization 2019 | $200,000 |
Deposits_Summary_Of_Interest_B
Deposits (Summary Of Interest Bearing Deposits By Type) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | |
In Thousands, unless otherwise specified | ||||
Deposits [Abstract] | ||||
Demand deposits, interest bearing | $196,606 | $204,030 | $195,898 | |
Savings deposits | 257,687 | 253,578 | 228,854 | |
Time deposits | 486,966 | 488,279 | 528,433 | |
Total | $941,259 | $945,887 | [1] | $953,185 |
[1] | December 31, 2014 financial information has been extracted from audited consolidated financial statements |
Deposits_Summary_Of_Scheduled_
Deposits (Summary Of Scheduled Maturities For All Time Deposits) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Deposits [Abstract] | |||
Nine month period ending December 31, 2015 | $143,413 | ||
Year ending December 31, 2016 | 144,477 | ||
Year ending December 31, 2017 | 57,461 | ||
Year ending December 31, 2018 | 46,888 | ||
Year ending December 31, 2019 | 35,457 | ||
Thereafter | 59,270 | ||
Total | $486,966 | $488,279 | $528,433 |
Deposits_Summary_Of_Maturity_D
Deposits (Summary Of Maturity Distribution Of All Certificates Of Deposit) (Details) (USD $) | Mar. 31, 2015 |
In Thousands, unless otherwise specified | |
Deposits [Abstract] | |
Three months or less | $42,686 |
Three through six months | 25,577 |
Six through twelve months | 58,303 |
Over twelve months | 232,072 |
Total | $358,638 |
Three months or less, percentage | 11.90% |
Three through six months, percentage | 7.10% |
Six through twelve months, percentage | 16.30% |
Over twelve months, percentage | 64.70% |
Total, percentage | 100.00% |
Deposits_Narrative_Details
Deposits (Narrative) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Millions, unless otherwise specified | |||
Deposits [Abstract] | |||
Time deposits acquired through a third party (brokered deposits) | $139.50 | $146.90 | $160.40 |
Borrowed_Funds_Summary_Of_Shor
Borrowed Funds (Summary Of Short-Term Borrowings) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Debt Instrument [Line Items] | ||||
Beginning Balance | $148,985 | $68,974 | $123,633 | [1] |
Short-term FHLB Advances [Member] | ||||
Debt Instrument [Line Items] | ||||
Beginning Balance | 141,550 | 60,000 | 120,950 | |
Average balance outstanding for the period | 139,590 | 66,205 | 94,982 | |
Maximum balance outstanding at any month end during period | 141,780 | 80,000 | 136,800 | |
Weighted average interest rate for the period | 0.31% | 0.28% | 0.31% | |
Weighted average interest rate for balances outstanding | 0.32% | 0.31% | 0.31% | |
Federal Funds Purchased and Lines of Credit [Member] | ||||
Debt Instrument [Line Items] | ||||
Beginning Balance | 7,435 | 8,974 | 2,683 | |
Average balance outstanding for the period | 5,189 | 8,971 | 5,804 | |
Maximum balance outstanding at any month end during period | $7,435 | $8,974 | $8,976 | |
Weighted average interest rate for the period | 0.25% | 0.25% | 0.25% | |
Weighted average interest rate for balances outstanding | 0.25% | 0.25% | 0.25% | |
[1] | December 31, 2014 financial information has been extracted from audited consolidated financial statements |
Borrowed_Funds_Longterm_Borrow
Borrowed Funds (Long-term Borrowings) (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2008 | Dec. 31, 2014 | Mar. 31, 2014 |
Debt Disclosure [Abstract] | ||||
Long-term borrowings | $77,013 | $77,490 | $123,492 | |
Basis spread on variable rate | 0.50% | 2.75% | ||
Average interest rate paid on long-term borrowings | 4.32% | 3.95% |
Borrowed_Funds_Summary_Of_Long
Borrowed Funds (Summary Of Long-Term Borrowings) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Debt Disclosure [Abstract] | |||
Long-term FHLB advances | $951 | $977 | $42,576 |
Long-term reverse repurchase agreements | 72,000 | 72,000 | 72,000 |
Term loans | 4,062 | 4,513 | 8,916 |
Total | $77,013 | $77,490 | $123,492 |
Borrowed_Funds_Subordinated_De
Borrowed Funds (Subordinated Debentures) (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2015 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2014 | Mar. 31, 2014 | ||
subordinated_debt | ||||||
party | ||||||
Debt Instrument [Line Items] | ||||||
Subordinated debt | $5,000,000 | $6,800,000 | $10,000,000 | $16,800,000 | [1] | $16,800,000 |
Tier 2 capital, term | 5 years | |||||
Tier 2 capital decrease each year until maturity | 20.00% | |||||
Number of unrelated parties | 2 | |||||
Subordinated Debt, Number of Issuances | 3 | |||||
Interest rate | 10.00% | |||||
Term of subordinated borrowing | 10 years | 7 years 6 months | ||||
Number of years subordinated borrowing is not pre-payable | 5 years | |||||
Basis spread on variable rate | 0.50% | 2.75% | ||||
Subordinated Debentures Issued in 2009 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Prepaid subordinated debentures | 6,800,000 | |||||
Subordinated Debentures Issued in 2008 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Prepaid subordinated debentures | 5,000,000 | |||||
Director [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Subordinated debt | 5,000,000 | |||||
Unrelated Party One [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Subordinated debt | 1,000,000 | |||||
Unrelated Party Two [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Subordinated debt | $800,000 | |||||
[1] | December 31, 2014 financial information has been extracted from audited consolidated financial statements |
Borrowed_Funds_Subordinated_De1
Borrowed Funds (Subordinated Debentures Owed to Unconsolidated Subsidiary Trusts) (Narrative) (Details) (USD $) | 0 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | |||||
Aug. 25, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | Sep. 30, 2012 | Dec. 31, 2008 | Oct. 31, 2002 | Mar. 31, 2004 | Dec. 31, 2005 | Dec. 31, 2014 | ||
trust | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Number of statutory business trusts | 3 | |||||||||
Subordinated debentures owed to unconsolidated subsidiary trusts | $19,589,000 | $19,589,000 | $19,589,000 | [1] | ||||||
Net proceeds from issuance of common stock | 2,500,000 | 2,298,000 | 0 | |||||||
Basis spread on variable rate | 0.50% | 2.75% | ||||||||
Trust preferred securities limited to tier one capital elements, net of goodwill | 25.00% | |||||||||
Sfg Capital Trust I [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Ownership percentage | 100.00% | |||||||||
Proceeds from issuance or sale of equity | 3,500,000 | |||||||||
Net proceeds from issuance of common stock | 109,000 | |||||||||
Payments to acquire debentures | 3,610,000 | |||||||||
Basis spread on variable rate | 3.45% | |||||||||
Sfg Capital Trust Ii [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Ownership percentage | 100.00% | |||||||||
Proceeds from issuance or sale of equity | 7,500,000 | |||||||||
Net proceeds from issuance of common stock | 232,000 | |||||||||
Payments to acquire debentures | 7,730,000 | |||||||||
Basis spread on variable rate | 2.80% | |||||||||
Sfg Capital Trust Iii [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Ownership percentage | 100.00% | |||||||||
Proceeds from issuance or sale of equity | 8,000,000 | |||||||||
Net proceeds from issuance of common stock | 248,000 | |||||||||
Payments to acquire debentures | $8,250,000 | |||||||||
Basis spread on variable rate | 1.45% | |||||||||
[1] | December 31, 2014 financial information has been extracted from audited consolidated financial statements |
Borrowed_Funds_Summary_Of_The_
Borrowed Funds (Summary Of The Maturities Of All Long-Term Borrowings And Subordinated Debentures) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Total | $77,013 | $77,490 | $123,492 |
Long-term Debt [Member] | |||
2015 | 1,432 | ||
2016 | 28,911 | ||
2017 | 918 | ||
2018 | 45,017 | ||
2019 | 18 | ||
Thereafter | 717 | ||
Total | 77,013 | ||
Subordinated debentures [Member] | |||
2015 | 5,000 | ||
2016 | 0 | ||
2017 | 0 | ||
2018 | 0 | ||
2019 | 0 | ||
Thereafter | 0 | ||
Total | 5,000 | ||
Subordinated debentures owed to unconsolidated subsidiary trusts [Member] | |||
2015 | 0 | ||
2016 | 0 | ||
2017 | 0 | ||
2018 | 0 | ||
2019 | 0 | ||
Thereafter | 19,589 | ||
Total | $19,589 |
Share_Based_Compensation_Summa
Share Based Compensation (Summary Of Activity In Stock Option Plans) (Details) (USD $) | 3 Months Ended | |||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | 31-May-14 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Long-Term Incentive Plan, common stock (shares) | 20,000,000 | 20,000,000 | 20,000,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||||
Outstanding Options, Beginning Balance | 157,170 | 185,410 | ||
Outstanding Options, Granted | 0 | 0 | ||
Outstanding Options, Exercised | 0 | -3,200 | ||
Outstanding Options, Forfeited | 0 | 0 | ||
Outstanding Options, Expired | 0 | -2,300 | ||
Outstanding Options, Ending Balance | 157,170 | 179,910 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ||||
Outstanding, Weighted-Average Exercise Price, Beginning Balance | $20.43 | $19.59 | ||
Outstanding, Weighted-Average Exercise Price, Granted | $0 | $0 | ||
Outstanding, Weighted-Average Exercise Price, Exercised | $0 | $4.63 | ||
Outstanding, Weighted-Average Exercise Price, Forfeited | $0 | $0 | ||
Outstanding, Weighted-Average Exercise Price, Expired | $0 | $17.43 | ||
Outstanding, Weighted-Average Exercise Price, Ending Balance | $20.43 | $19.88 | ||
2014 LTIP [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Long-Term Incentive Plan, common stock (shares) | 500,000 |
Share_Based_Compensation_Optio
Share Based Compensation (Options Outstanding And Exercisable) (Details) (USD $) | 3 Months Ended |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Options Outstanding, number of shares | 157,170 |
Options Outstanding, WAEP | $20.43 |
Options Outstanding, Aggregate Intrinsic Value | $134 |
Options Exercisable, number of shares | 156,170 |
Options Exercisable, WAEP | $20.54 |
Options Exercisable, Aggregate Intrinsic Value | 125 |
2.54 to 6.00 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of exercise price, Lower | $2.54 |
Range of exercise price, Upper | $6 |
Options Outstanding, number of shares | 10,750 |
Options Outstanding, WAEP | $4.36 |
Options Outstanding, Wted. Avg. Remaining Contractual Life (yrs) | 4 years 5 months 16 days |
Options Outstanding, Aggregate Intrinsic Value | 81 |
Options Exercisable, number of shares | 9,750 |
Options Exercisable, WAEP | $4.55 |
Options Exercisable, Aggregate Intrinsic Value | 72 |
6.01 to 10.00 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of exercise price, Lower | $6.01 |
Range of exercise price, Upper | $10 |
Options Outstanding, number of shares | 17,520 |
Options Outstanding, WAEP | $8.93 |
Options Outstanding, Wted. Avg. Remaining Contractual Life (yrs) | 2 years 7 months 24 days |
Options Outstanding, Aggregate Intrinsic Value | 53 |
Options Exercisable, number of shares | 17,520 |
Options Exercisable, WAEP | $8.93 |
Options Exercisable, Aggregate Intrinsic Value | 53 |
10.01 to 17.50 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of exercise price, Lower | $10.01 |
Range of exercise price, Upper | $17.50 |
Options Outstanding, number of shares | 0 |
Options Outstanding, WAEP | $0 |
Options Outstanding, Aggregate Intrinsic Value | 0 |
Options Exercisable, number of shares | 0 |
Options Exercisable, WAEP | $0 |
Options Exercisable, Aggregate Intrinsic Value | 0 |
17.51 to 20.00 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of exercise price, Lower | $17.51 |
Range of exercise price, Upper | $20 |
Options Outstanding, number of shares | 30,900 |
Options Outstanding, WAEP | $17.80 |
Options Outstanding, Wted. Avg. Remaining Contractual Life (yrs) | 2 years 3 months 4 days |
Options Outstanding, Aggregate Intrinsic Value | 0 |
Options Exercisable, number of shares | 30,900 |
Options Exercisable, WAEP | $17.80 |
Options Exercisable, Aggregate Intrinsic Value | 0 |
20.01 to 25.93 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of exercise price, Lower | $20.01 |
Range of exercise price, Upper | $25.93 |
Options Outstanding, number of shares | 98,000 |
Options Outstanding, WAEP | $25.08 |
Options Outstanding, Wted. Avg. Remaining Contractual Life (yrs) | 1 year 6 months 15 days |
Options Outstanding, Aggregate Intrinsic Value | 0 |
Options Exercisable, number of shares | 98,000 |
Options Exercisable, WAEP | $25.08 |
Options Exercisable, Aggregate Intrinsic Value | $0 |
Commitments_And_Contingencies_1
Commitments And Contingencies (Details) (USD $) | Mar. 31, 2015 | Jul. 25, 2014 |
In Thousands, unless otherwise specified | action | |
Loss Contingencies [Line Items] | ||
Total unfunded commitments | $126,935 | |
Number of causes of action | 3 | |
Revolving Home Equity And Credit Card Lines [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 54,768 | |
Construction [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 24,633 | |
Other Loans [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 44,935 | |
Standby Letters Of Credit [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | $2,599 |
Preferred_Stock_Details
Preferred Stock (Details) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | ||
Mar. 12, 2015 | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Mar. 12, 2015 | |
Series 2009 Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred stock, dividend rate, percentage | 8.00% | 0.00% | 8.00% | 8.00% | |
Preferred stock, par value (in dollars per share) | $1 | $0 | $1 | $1 | $1 |
Liquidation preference per share | $1,000 | $1,000 | |||
Series 2011 Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred stock, dividend rate, percentage | 0.00% | 8.00% | 8.00% | ||
Preferred stock, par value (in dollars per share) | $1 | $0 | $1 | $1 | $1 |
Liquidation preference per share | $500 | $500 |
Common_Stock_Issuances_Details
Common Stock Issuances (Details) (USD $) | 0 Months Ended | 3 Months Ended | 0 Months Ended | ||
Aug. 25, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 17, 2015 | Nov. 25, 2014 | |
Subsidiary or Equity Method Investee [Line Items] | |||||
Number of shares authorized to sell | 256,410 | ||||
Share price | $9.75 | ||||
Number of common shares issued | 237,753 | ||||
Gross proceeds associated with sale | $2,500,000 | $2,298,000 | $0 | ||
Private Placement [Member] | |||||
Subsidiary or Equity Method Investee [Line Items] | |||||
Number of shares authorized to sell | 1,057,137 | ||||
Percent of outstanding common stock | 9.90% | ||||
Share price | $9.75 | ||||
Number of closings | 2 | ||||
Number of common shares issued | 237,753 | 819,384 | |||
Aggregate price | $2,318,092 | $7,988,994 | |||
Dividend rate | 8.00% |
Regulatory_Matters_Summary_Of_
Regulatory Matters (Summary Of Actual Capital Amounts And Ratios) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Summit [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
CET1 (to risk weighted assets), Actual Amount | $127,848 | |
CET1 (to risk weighted assets), Actual Ratio | 11.40% | |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | 78,503 | |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio | 7.00% | |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | 72,896 | |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 6.50% | |
Tier I Capital (to risk weighted assets), Actual Amount | 146,848 | 141,589 |
Tier I Capital (to risk weighted assets), Actual Ratio | 13.10% | 13.30% |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | 95,283 | 42,583 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio | 8.50% | 4.00% |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | 89,678 | 63,875 |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 8.00% | 6.00% |
Total Capital (to risk weighted assets), Actual Amount | 157,675 | 158,196 |
Total Capital (to risk weighted assets), Actual Ratio | 14.10% | 14.90% |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | 117,418 | 84,937 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio | 10.50% | 8.00% |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | 111,826 | 106,172 |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 10.00% | 10.00% |
Tier I Capital (to average assets), Actual Amount | 146,848 | 141,589 |
Tier I Capital (to average assets), Actual Ratio | 10.10% | 9.90% |
Tier I Capital (to average assets), Minimum Required Capital, Amount | 58,158 | 57,208 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio | 4.00% | 4.00% |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Amount | 72,697 | 71,510 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio | 5.00% | 5.00% |
Summit Community [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
CET1 (to risk weighted assets), Actual Amount | 151,685 | |
CET1 (to risk weighted assets), Actual Ratio | 13.50% | |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | 78,651 | |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio | 7.00% | |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | 73,034 | |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 6.50% | |
Tier I Capital (to risk weighted assets), Actual Amount | 151,685 | 150,653 |
Tier I Capital (to risk weighted assets), Actual Ratio | 13.50% | 14.20% |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | 95,505 | 42,437 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio | 8.50% | 4.00% |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | 89,887 | 63,656 |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 8.00% | 6.00% |
Total Capital (to risk weighted assets), Actual Amount | 162,512 | 161,820 |
Total Capital (to risk weighted assets), Actual Ratio | 14.50% | 15.30% |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | 117,681 | 84,612 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio | 10.50% | 8.00% |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | 112,077 | 105,765 |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 10.00% | 10.00% |
Tier I Capital (to average assets), Actual Amount | 151,685 | 150,653 |
Tier I Capital (to average assets), Actual Ratio | 10.50% | 10.60% |
Tier I Capital (to average assets), Minimum Required Capital, Amount | 57,785 | 56,850 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio | 4.00% | 4.00% |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Amount | $72,231 | $71,063 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio | 5.00% | 5.00% |
Segment_Information_Schedule_O
Segment Information (Schedule Of Segment Information) (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Segment Reporting Information [Line Items] | ||
Net interest income | $11,520 | $10,038 |
Provision for loan losses | 250 | 1,000 |
Net interest income after provision for loan losses | 11,270 | 9,038 |
Other income | 3,139 | 2,783 |
Other expenses | 8,204 | 8,498 |
Income before income taxes | 6,205 | 3,323 |
Income tax expense (benefit) | 1,920 | 934 |
Net Income | 4,285 | 2,389 |
Dividends on preferred shares | 0 | 193 |
Net income (loss) applicable to common shares | 4,285 | 2,196 |
Inter-segment revenue (expense) | 0 | 0 |
Average assets | 1,454,071 | 1,392,503 |
Community Banking [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 11,751 | 10,511 |
Provision for loan losses | 250 | 1,000 |
Net interest income after provision for loan losses | 11,501 | 9,511 |
Other income | 1,849 | 1,410 |
Other expenses | 6,857 | 7,349 |
Income before income taxes | 6,493 | 3,572 |
Income tax expense (benefit) | 2,035 | 982 |
Net Income | 4,458 | 2,590 |
Dividends on preferred shares | 0 | 0 |
Net income (loss) applicable to common shares | 4,458 | 2,590 |
Inter-segment revenue (expense) | -256 | -264 |
Average assets | 1,488,109 | 1,442,219 |
Insurance & Financial Services [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 0 | 0 |
Provision for loan losses | 0 | 0 |
Net interest income after provision for loan losses | 0 | 0 |
Other income | 1,290 | 1,373 |
Other expenses | 1,055 | 1,028 |
Income before income taxes | 235 | 345 |
Income tax expense (benefit) | 64 | 121 |
Net Income | 171 | 224 |
Dividends on preferred shares | 0 | 0 |
Net income (loss) applicable to common shares | 171 | 224 |
Inter-segment revenue (expense) | -27 | -29 |
Average assets | 5,893 | 5,978 |
Parent [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | -231 | -473 |
Provision for loan losses | 0 | 0 |
Net interest income after provision for loan losses | -231 | -473 |
Other income | 283 | 293 |
Other expenses | 575 | 414 |
Income before income taxes | -523 | -594 |
Income tax expense (benefit) | -179 | -169 |
Net Income | -344 | -425 |
Dividends on preferred shares | 0 | 193 |
Net income (loss) applicable to common shares | -344 | -618 |
Inter-segment revenue (expense) | 283 | 293 |
Average assets | 168,954 | 160,346 |
Intersegment Elimination [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 0 | 0 |
Provision for loan losses | 0 | 0 |
Net interest income after provision for loan losses | 0 | 0 |
Other income | -283 | -293 |
Other expenses | -283 | -293 |
Income before income taxes | 0 | 0 |
Income tax expense (benefit) | 0 | 0 |
Net Income | 0 | 0 |
Dividends on preferred shares | 0 | 0 |
Net income (loss) applicable to common shares | 0 | 0 |
Inter-segment revenue (expense) | 0 | 0 |
Average assets | ($208,885) | ($216,040) |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Narrative) (Details) (USD $) | 3 Months Ended | 0 Months Ended |
Mar. 31, 2015 | Jan. 15, 2015 | |
Derivative [Line Items] | ||
Number of forward-starting, pay-fixed/receive LIBOR interest rate swaps | 3 | |
Forward Contracts [Member] | Effective July 18, 2016 [Member] | ||
Derivative [Line Items] | ||
Notional Amount | $40,000,000 | |
Notional Amount | 40,000,000 | |
Derivative, swaption interest rate | 2.98% | |
Derivative, term of contract | 3 years | |
Forward Contracts [Member] | Effective April 18, 2016 [Member] | ||
Derivative [Line Items] | ||
Notional Amount | 30,000,000 | |
Notional Amount | 30,000,000 | |
Derivative, swaption interest rate | 2.89% | |
Derivative, term of contract | 4 years 6 months | |
Forward Contracts [Member] | Effective October 18, 2016 [Member] | ||
Derivative [Line Items] | ||
Notional Amount | 40,000,000 | |
Notional Amount | 40,000,000 | |
Derivative, swaption interest rate | 2.84% | |
Derivative, term of contract | 3 years | |
Fair Value Hedging [Member] | Commercial Loan [Member] | Interest Rate Swap [Member] | ||
Derivative [Line Items] | ||
Notional Amount | $9,950,000 | $9,950,000 |
Derivative, swaption interest rate | 4.33% | |
Derivative, term of contract | 10 years |
Derivative_Financial_Instrumen3
Derivative Financial Instruments (Details) (Interest Rate Swap [Member], USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 | Jan. 15, 2015 |
Long-term Borrowings [Member] | Cash Flow Hedges [Member] | |||
Derivative [Line Items] | |||
Notional Amount | $110,000 | $110,000 | |
Derivative Fair Value, Asset | 0 | 0 | |
Derivative Fair Value, Liability | 4,323 | 2,911 | |
Net Ineffectiveness Hedge Gains/(Losses) | 0 | 0 | |
Commercial Loan [Member] | Fair Value Hedges [Member] | |||
Derivative [Line Items] | |||
Notional Amount | 9,950 | 9,950 | |
Derivative Fair Value, Asset | 31 | ||
Derivative Fair Value, Liability | 0 | ||
Net Ineffectiveness Hedge Gains/(Losses) | $0 |