Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 05, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'MIDDLEFIELD BANC CORP | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 2,026,578 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000836147 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Consolidated_Balance_Sheet_Cur
Consolidated Balance Sheet (Current Period Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | |
In Thousands, unless otherwise specified | |||
ASSETS | ' | ' | |
Cash and due from banks | $21,124 | $33,568 | |
Federal funds sold | 11,069 | 11,778 | |
Cash and cash equivalents | 32,193 | 45,346 | |
Investment securities available for sale | 180,771 | 194,473 | |
Loans | 419,060 | 408,433 | |
Less allowance for loan losses | 7,821 | 7,779 | |
Net loans | 411,239 | 400,654 | |
Premises and equipment, net | 8,555 | 8,670 | |
Goodwill | 4,559 | 4,559 | |
Core deposit intangible | 161 | 195 | |
Bank-owned life insurance | 8,745 | 8,536 | |
Accrued interest and other assets | 11,918 | 7,855 | |
TOTAL ASSETS | 658,141 | 670,288 | |
Deposits: | ' | ' | |
Noninterest-bearing demand | 81,760 | 75,912 | |
Interest-bearing demand | 59,799 | 63,915 | |
Money market | 77,118 | 81,349 | |
Savings | 179,581 | 175,406 | |
Time | 180,964 | 196,753 | |
Total deposits | 579,222 | 593,335 | |
Short-term borrowings | 10,575 | 6,538 | |
Federal funds purchased | 1,639 | ' | |
Other borrowings | 12,261 | 12,970 | |
Accrued interest and other liabilities | 1,915 | 2,008 | |
TOTAL LIABILITIES | 605,612 | 614,851 | |
STOCKHOLDERS' EQUITY | ' | ' | |
Common stock, no par value; 10,000,000 shares authorized, 2,216,099 and 2,181,763 shares issued | 34,833 | 34,295 | |
Retained earnings | 26,123 | 22,485 | |
Accumulated other comprehensive (loss) income | -1,693 | [1] | 5,391 |
Treasury stock, at cost; 189,530 shares | -6,734 | -6,734 | |
TOTAL STOCKHOLDERS' EQUITY | 52,529 | 55,437 | |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $658,141 | $670,288 | |
[1] | All amounts are net of tax. Amounts in parentheses indicate debits. |
Consolidated_Balance_Sheet_Cur1
Consolidated Balance Sheet (Current Period Unaudited) (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Common stock, shares authorized (in Shares) | 10,000,000 | 10,000,000 |
Common stock, shares issued (in Shares) | 2,216,099 | 2,181,763 |
Common stock, no par value (in Dollars per share) | $0 | $0 |
Treasury stock, shares (in Shares) | 189,530 | 189,530 |
Consolidated_Statement_of_Inco
Consolidated Statement of Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
INTEREST INCOME | ' | ' | ' | ' |
Interest and fees on loans | $5,754 | $5,810 | $16,876 | $16,988 |
Interest-bearing deposits in other institutions | 6 | 7 | 23 | 19 |
Federal funds sold | 4 | 6 | 12 | 13 |
Investment securities: | ' | ' | ' | ' |
Taxable interest | 610 | 749 | 1,909 | 2,455 |
Tax-exempt interest | 782 | 749 | 2,259 | 2,249 |
Dividends on stock | 18 | 21 | 56 | 73 |
Total interest income | 7,174 | 7,342 | 21,135 | 21,797 |
INTEREST EXPENSE | ' | ' | ' | ' |
Deposits | 1,170 | 1,418 | 3,686 | 4,349 |
Short-term borrowings | 41 | 61 | 140 | 219 |
Federal funds purchased | 1 | ' | 1 | ' |
Other borrowings | 41 | 78 | 131 | 244 |
Trust preferred securities | 75 | 45 | 156 | 122 |
Total interest expense | 1,328 | 1,602 | 4,114 | 4,934 |
NET INTEREST INCOME | 5,846 | 5,740 | 17,021 | 16,863 |
Provision for loan losses | 153 | 143 | 766 | 1,193 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 5,693 | 5,597 | 16,255 | 15,670 |
NONINTEREST INCOME | ' | ' | ' | ' |
Service charges on deposit accounts | 510 | 481 | 1,468 | 1,383 |
Investment securities gains, net | ' | 152 | 175 | 448 |
Earnings on bank-owned life insurance | 66 | 71 | 209 | 208 |
Gain on sale of loans | ' | ' | ' | 85 |
Other income | 232 | 164 | 643 | 555 |
Total noninterest income | 808 | 868 | 2,495 | 2,679 |
NONINTEREST EXPENSE | ' | ' | ' | ' |
Salaries and employee benefits | 1,872 | 1,705 | 5,649 | 5,255 |
Occupancy expense | 273 | 233 | 795 | 703 |
Equipment expense | 228 | 186 | 603 | 557 |
Data processing costs | 209 | 184 | 609 | 574 |
Ohio state franchise tax | 164 | 160 | 467 | 417 |
Federal deposit insurance expense | 135 | 250 | 353 | 751 |
Professional fees | 316 | 270 | 883 | 670 |
(Gain) loss on sale of other real estate owned | -35 | 188 | -40 | 238 |
Advertising expense | 113 | 114 | 336 | 346 |
Other real estate expense | 128 | 68 | 324 | 341 |
Directors fees | 77 | 97 | 315 | 279 |
Other expense | 635 | 667 | 1,770 | 1,814 |
Total noninterest expense | 4,115 | 4,122 | 12,064 | 11,945 |
Income before income taxes | 2,386 | 2,343 | 6,686 | 6,404 |
Income taxes | 521 | 494 | 1,479 | 1,392 |
NET INCOME | $1,865 | $1,849 | $5,207 | $5,012 |
EARNINGS PER SHARE | ' | ' | ' | ' |
Basic (in Dollars per share) | $0.92 | $0.93 | $2.59 | $2.66 |
Diluted (in Dollars per share) | $0.92 | $0.93 | $2.58 | $2.65 |
DIVIDENDS DECLARED PER SHARE (in Dollars per share) | $0.26 | $0.26 | $0.78 | $0.78 |
Consolidated_Statements_of_Of_
Consolidated Statements of Of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||
Net income | $1,865 | $1,849 | $5,207 | $5,012 | ||
Other comprehensive income (loss): | ' | ' | ' | ' | ||
Net unrealized holding gain (loss) on available for sale securities | -2,277 | 838 | -10,558 | 2,662 | ||
Tax effect | 774 | -285 | 3,589 | -905 | ||
Reclassification adjustment for investment securities gains included in net income | ' | -152 | -175 | -448 | ||
Tax effect | ' | 52 | 60 | 152 | ||
Total other comprehensive income (loss) | -1,503 | [1] | 453 | [1] | -7,084 | 1,461 |
Comprehensive income (loss) | $362 | $2,302 | ($1,877) | $6,473 | ||
[1] | All amounts are net of tax. Amounts in parentheses indicate debits. |
Consolidated_Statement_of_Chan
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (USD $) | Common Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Treasury Stock [Member] | Total |
In Thousands | |||||
Balance, December 31, 2012 at Dec. 31, 2012 | $34,295 | $22,485 | $5,391 | ($6,734) | $55,437 |
Net income | ' | 5,207 | ' | ' | 5,207 |
Comprehensive loss | ' | ' | -7,084 | ' | -7,084 |
Common stock issuance (13,320 shares), net of issuance cost ($139) | 74 | ' | ' | ' | 74 |
Dividend reinvestment and purchase plan (21,016 shares) | 590 | ' | ' | ' | 590 |
Stock options exercised | -126 | ' | ' | ' | -126 |
Cash dividends ($0.78 per share) | ' | -1,569 | ' | ' | -1,569 |
Balance, September 30, 2013 at Sep. 30, 2013 | $34,833 | $26,123 | ($1,693) | ($6,734) | $52,529 |
Consolidated_Statement_of_Chan1
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parentheticals) (USD $) | 9 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 |
Cash dividends per share (in Dollars per share) | $0.78 |
Common Stock [Member] | ' |
Common stock issuance (shares) (in Shares) | 13,320 |
Dividend reinvestment and purchase plan (shares) (in Shares) | 21,016 |
Retained Earnings [Member] | ' |
Cash dividends per share (in Dollars per share) | $0.78 |
Accumulated Other Comprehensive Income (Loss) [Member] | ' |
Common stock issuance cost (in Dollars) | ($139) |
Consolidated_Statement_of_Cash
Consolidated Statement of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
OPERATING ACTIVITIES | ' | ' |
Net income | $5,207 | $5,012 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Provision for loan losses | 766 | 1,193 |
Investment securities gains, net | -175 | -448 |
Depreciation and amortization | 786 | 663 |
Amortization of premium and discount on investment securities | 721 | 674 |
Accretion of deferred loan fees, net | -203 | -139 |
Origination of loans held for sale | ' | -1,084 |
Proceeds from sale of loans held for sale | ' | 1,169 |
Gain on sale of loans | ' | -85 |
Earnings on bank-owned life insurance | -209 | -208 |
Deferred income taxes | 161 | 220 |
(Gain) loss on sale of other real estate owned | -40 | 238 |
Increase in accrued interest receivable | -402 | -364 |
Decrease in accrued interest payable | -28 | -88 |
(Increase) decrease in prepaid federal deposit insurance | -73 | 633 |
Other, net | 546 | -63 |
Net cash provided by operating activities | 7,057 | 7,323 |
Investment securities available for sale: | ' | ' |
Proceeds from repayments and maturities | 20,103 | 40,227 |
Proceeds from sale of securities | 8,136 | 27,426 |
Purchases | -25,815 | -50,828 |
Increase in loans, net | -12,841 | -8,826 |
Proceeds from the sale of other real estate owned | 860 | 542 |
Purchase of premises and equipment | -476 | -883 |
Net cash (used for) provided by investing activities | -10,033 | 7,658 |
FINANCING ACTIVITIES | ' | ' |
Net (decrease) increase in deposits | -14,113 | 3,776 |
Increase (decrease) in short-term borrowings, net | 4,037 | -874 |
Increase in federal funds purchased | 1,639 | ' |
Repayment of other borrowings | -709 | -995 |
Common stock issuance | 74 | 2,329 |
Stock options exercised | -126 | ' |
Proceeds from dividend reinvestment & purchase plan | 590 | 481 |
Cash dividends | -1,569 | -1,482 |
Net cash (used for) provided by financing activities | -10,177 | 3,235 |
Increase (decrease) in cash and cash equivalents | -13,153 | 18,216 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 45,346 | 34,390 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 32,193 | 52,606 |
Cash paid during the year for: | ' | ' |
Interest on deposits and borrowings | 4,142 | 5,022 |
Income taxes | 1,100 | 1,250 |
Non-cash investing transactions: | ' | ' |
Transfers from loans to other real estate owned | $1,693 | $916 |
Note_1_Basis_of_Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
NOTE 1 - BASIS OF PRESENTATION | |
The consolidated financial statements of Middlefield Banc Corp. ("Company") include its two bank subsidiaries The Middlefield Banking Company (“MB”) and Emerald Bank (“EB”) and a non-bank asset resolution subsidiary EMORECO, Inc. All significant inter-company items have been eliminated. | |
The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles and the instructions for Form 10-Q and Article 10 of Regulation S-X. In management’s opinion, the financial statements include all adjustments, consisting of normal recurring adjustments, that the Company considers necessary to fairly state the Company’s financial position and the results of operations and cash flows. The consolidated balance sheet at December 31, 2012, has been derived from the audited financial statements at that date but does not include all of the necessary informational disclosures and footnotes as required by U. S. generally accepted accounting principles. The accompanying financial statements should be read in conjunction with the financial statements and notes thereto included with the Company’s Form 10-K for the year ended December 31, 2012 (File No. 000-32561). The results of the Company’s operations for any interim period are not necessarily indicative of the results of the Company’s operations for any other interim period or for a full fiscal year. | |
Recent Accounting Pronouncements | |
In April 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting. The amendments in this Update are being issued to clarify when an entity should apply the liquidation basis of accounting. In addition, the guidance provides principles for the recognition and measurement of assets and liabilities and requirements for financial statements prepared using the liquidation basis of accounting. The amendments require an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). If a plan for liquidation was specified in the entity’s governing documents from the entity’s inception (for example, limited-life entities), the entity should apply the liquidation basis of accounting only if the approved plan for liquidation differs from the plan for liquidation that was specified at the entity’s inception. The amendments are effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013, and interim reporting periods therein. Entities should apply the requirements prospectively from the day that liquidation becomes imminent. Early adoption is permitted. Entities that use the liquidation basis of accounting as of the effective date in accordance with other Topics (for example, terminating employee benefit plans) are not required to apply the amendments. Instead, those entities should continue to apply the guidance in those other Topics until they have completed liquidation. | |
In June 2013, the FASB issued ASU 2013-08, Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. The amendments in this Update affect the scope, measurement, and disclosure requirements for investment companies under U.S. GAAP. The amendments do all of the following: 1. Change the approach to the investment company assessment in Topic 946, clarify the characteristics of an investment company, and provide comprehensive guidance for assessing whether an entity is an investment Company. 2. Require an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting. 3. Require the following additional disclosures: (a) the fact that the entity is an investment company and is applying the guidance in Topic 946, (b) information about changes, if any, in an entity’s status as an investment company, and (c) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The amendments in this Update are effective for an entity’s interim and annual reporting periods in fiscal years that begin after December 15, 2013. Earlier application is prohibited. | |
In July 2013, the FASB ASU 2013-09, Fair Value Measurement (Topic 820): Deferral of the Effective Date of Certain Disclosures for Nonpublic Employee Benefit Plans in Update No. 2011-04. The amendments in this Update apply to certain quantitative disclosure requirements for an employee benefit plan, other than those plans that are subject to the Securities and Exchange Commission’s filing requirements (hereafter “nonpublic employee benefit plan”), that holds investments in its plan sponsor’s own nonpublic entity equity securities, including equity securities of its plan sponsor’s nonpublic affiliated entities and that are within the scope of the disclosure requirements contained in FASB Accounting Standards Update No. 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The amendments in this Update defer indefinitely the effective date of certain required disclosures in Update 2011-04 (Topic 820) of quantitative information about the significant unobservable inputs used in Level 3 fair value measurements for investments held by a nonpublic employee benefit plan in its plan sponsor’s own nonpublic entity equity securities, including equity securities of its plan sponsor’s nonpublic affiliated entities. The amendments in this Update do not defer the effective date for those certain quantitative disclosures for other nonpublic entity equity securities held in the nonpublic employee benefit plan or any qualitative disclosures. The deferral in this amendment is effective upon issuance for financial statements that have not been issued. | |
In July 2013, the FASB issued ASU 2013-10, Derivatives and Hedging (Topic 815):Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes. The amendments in this Update permit the Fed Funds Effective Swap Rate (OIS) to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to UST and LIBOR. The amendments also remove the restriction on using different benchmark rates for similar hedges. The amendments are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. | |
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. For nonpublic entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. |
Note_2_StockBased_Compensation
Note 2 - Stock-Based Compensation | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||
Compensation and Employee Benefit Plans [Text Block] | ' | ||||||||||||||||
NOTE 2 - STOCK-BASED COMPENSATION | |||||||||||||||||
The Company had no unvested stock options outstanding or unrecognized stock-based compensation costs outstanding as of September 30, 2013 and 2012. | |||||||||||||||||
Stock option activity during the nine months ended September 30 is as follows: | |||||||||||||||||
2013 | Weighted- | 2012 | Weighted- | ||||||||||||||
average | average | ||||||||||||||||
Exercise | Exercise | ||||||||||||||||
Price | Price | ||||||||||||||||
Outstanding, January 1 | 79,693 | $ | 26.81 | 88,774 | $ | 26.81 | |||||||||||
Exercised | (21,112 | ) | 24.11 | - | - | ||||||||||||
Forfeited | - | - | (420 | ) | 36.86 | ||||||||||||
Outstanding, September 30 | 58,581 | 28.38 | 88,354 | 26.76 | |||||||||||||
Exercisable, September 30 | 58,581 | 28.38 | 88,354 | 26.76 | |||||||||||||
Note_3_Earnings_Per_Share
Note 3 - Earnings Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
EARNINGS PER SHARE [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
NOTE 3 - EARNINGS PER SHARE | |||||||||||||||||
The Company provides dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated by dividing net income by the average shares outstanding. Diluted earnings per share adds the dilutive effects of options, warrants, and convertible securities to average shares outstanding. | |||||||||||||||||
The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation. | |||||||||||||||||
For the Three | For the Nine | ||||||||||||||||
Months Ended | Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Weighted average common shares outstanding | 2,212,020 | 2,167,711 | 2,202,747 | 2,077,027 | |||||||||||||
Average treasury stock shares | (189,530 | ) | (189,530 | ) | (189,530 | ) | (189,530 | ) | |||||||||
Weighted average common shares and common stock equivalents used to calculate basic earnings per share | 2,022,490 | 1,978,181 | 2,013,217 | 1,887,497 | |||||||||||||
Additional common stock equivalents (stock options) used to calculate diluted earnings per share | 6,930 | 5,682 | 7,981 | 4,236 | |||||||||||||
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share | 2,029,420 | 1,983,863 | 2,021,198 | 1,891,733 | |||||||||||||
Options to purchase 58,581 shares of common stock, at prices ranging from $17.55 to $40.24, were outstanding during the three months ended September 30, 2013. Of those options, 29,633 were considered dilutive based on the market price exceeding the strike price. The remaining options had no dilutive effect on earnings per share. For the nine months ended September 30, 2013, 49,394 options were considered dilutive. The remaining options had no dilutive effect on earnings per share. | |||||||||||||||||
Options to purchase 88,354 shares of common stock, at prices ranging from $17.55 to $40.24, were outstanding at September 30, 2012. Of those options, 9,000 were considered dilutive based on the average market price exceeding the strike price for the nine months ended September 30, 2012. The three month period ended with 17,536 shares considered dilutive. In accordance with the subscription agreement entered into by an institutional investor, there was also an additional 11,332 shares, at $16 per share, considered dilutive for the three and nine-months ended September 30, 2012. The remaining options had no dilutive effect on the earnings per share. |
Note_4_Fair_Value_Disclosure_M
Note 4 - Fair Value Disclosure Measurements | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||||||
NOTE 4 - FAIR VALUE MEASUREMENTS | |||||||||||||||||||||
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for an asset or liability in an orderly transaction between market participants at the measurement date. GAAP established a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels: | |||||||||||||||||||||
Level I: | Quoted prices are available in active markets for identical assets or liabilities as of the reported date. | ||||||||||||||||||||
Level II: | Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair-valued using other financial instruments, the parameters of which can be directly observed. | ||||||||||||||||||||
Level III: | Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. | ||||||||||||||||||||
The following tables present the assets measured on a recurring basis on the Consolidated Balance Sheet at their fair value by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
(Dollar amounts in thousands) | Level I | Level II | Level III | Total | |||||||||||||||||
Assets measured on a recurring basis: | |||||||||||||||||||||
U.S. government agency securities | $ | - | $ | 26,343 | $ | - | $ | 26,343 | |||||||||||||
Obligations of states and political subdivisions | - | 94,621 | - | 94,621 | |||||||||||||||||
Mortgage-backed securities in government- sponsored entities | 55,083 | 55,083 | |||||||||||||||||||
Private-label mortgage-backed securities | - | 3,974 | - | 3,974 | |||||||||||||||||
Total debt securities | - | 180,021 | - | 180,021 | |||||||||||||||||
Equity securities in financial institutions | 5 | 745 | - | 750 | |||||||||||||||||
Total | $ | 5 | $ | 180,766 | $ | - | $ | 180,771 | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
Level I | Level II | Level III | Total | ||||||||||||||||||
Assets measured on a recurring basis: | |||||||||||||||||||||
U.S. government agency securities | $ | - | $ | 24,960 | $ | - | $ | 24,960 | |||||||||||||
Obligations of states and political subdivisions | - | 92,596 | - | 92,596 | |||||||||||||||||
Mortgage-backed securities in government- sponsored entities | 71,102 | - | 71,102 | ||||||||||||||||||
Private-label mortgage-backed securities | - | 5,064 | - | 5,064 | |||||||||||||||||
Total debt securities | - | 193,722 | - | 193,722 | |||||||||||||||||
Equity securities in financial institutions | 5 | 745 | - | 750 | |||||||||||||||||
Total | $ | 5 | $ | 194,467 | $ | - | $ | 194,472 | |||||||||||||
The Company obtains fair values from an independent pricing service which represent either quoted market prices for the identical securities (Level I inputs) or fair values determined by pricing models using a market approach that considers observable market data, such as interest rate volatilities, LIBOR yield curve, credit spreads and prices from market makers and live trading systems (Level II). | |||||||||||||||||||||
Financial instruments are considered Level III when their values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. In addition to these unobservable inputs, the valuation models for Level III financial instruments typically also rely on a number of inputs that are readily observable either directly or indirectly. Level III financial instruments also include those for which the determination of fair value requires significant management judgment or estimation. The Company has no securities considered to be Level III as of September 30, 2013 or December 31, 2012. | |||||||||||||||||||||
The Company uses prices compiled by third party vendors due to the recent stabilization in the markets along with improvements in third party pricing methodology that have narrowed the variances between third party vendor prices and actual market prices. | |||||||||||||||||||||
The following tables present the assets measured on a nonrecurring basis on the Consolidated Balance Sheet at their fair value by level within the fair value hierarchy. Impaired loans that are collateral dependent are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loan include: quoted market prices for identical assets classified as Level I inputs; observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs. | |||||||||||||||||||||
The Company values other real estate owned at the estimated fair value of the underlying collateral less expected selling costs. Such values are estimated primarily using appraisals and reflect a market value approach. Due to the significance of the Level 3 inputs, other real estate owned has been classified as Level III. | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
(Dollar amounts in thousands) | Level I | Level II | Level III | Total | |||||||||||||||||
Assets measured on a non-recurring basis: | |||||||||||||||||||||
Impaired loans | $ | - | $ | - | $ | 15,467 | $ | 15,467 | |||||||||||||
Other real estate owned | - | - | 2,719 | 2,719 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
Level I | Level II | Level III | Total | ||||||||||||||||||
Assets measured on a non-recurring basis: | |||||||||||||||||||||
Impaired loans | $ | - | $ | - | $ | 17,600 | $ | 17,600 | |||||||||||||
Other real estate owned | - | - | 1,846 | 1,846 | |||||||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company uses Level III inputs to determine fair value: | |||||||||||||||||||||
Quantitative Information about Level III Fair Value Measurements | |||||||||||||||||||||
(unaudited, in thousands) | Fair Value Estimate | Valuation Techniques | Unobservable Input | Range (Weighted Average) | |||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Impaired loans | $ | 15,467 | $ | 17,600 | Appraisal of collateral (1) | Appraisal adjustments (2) | 0% | to | -68.00% | (-30.7%) | |||||||||||
Liquidation expenses (2) | 0% | to | -45.80% | (-2.0%) | |||||||||||||||||
Other real estate owned | $ | 2,719 | $ | 1,846 | Appraisal of collateral (1), (3) | Appraisal adjustments (2) | 0% | to | -10.00% | (-7.5%) | |||||||||||
(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. | |||||||||||||||||||||
(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. | |||||||||||||||||||||
(3) Includes qualitative adjustments by management and estimated liquidation expenses. | |||||||||||||||||||||
The estimated fair value of the Company’s financial instruments is as follows: | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Carrying | Level I | Level II | Level III | Total | |||||||||||||||||
Value | Fair Value | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 32,193 | $ | 32,193 | $ | - | $ | - | $ | 32,193 | |||||||||||
Investment securities | |||||||||||||||||||||
Available for sale | 180,771 | 5 | 180,766 | - | 180,771 | ||||||||||||||||
Net loans | 411,239 | - | - | 413,767 | 413,767 | ||||||||||||||||
Bank-owned life insurance | 8,745 | 8,745 | - | 8,745 | |||||||||||||||||
Federal Home Loan Bank stock | 1,887 | 1,887 | - | 1,887 | |||||||||||||||||
Accrued interest receivable | 2,565 | 2,565 | - | - | 2,565 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 579,222 | $ | 398,258 | $ | - | $ | 182,824 | $ | 581,082 | |||||||||||
Short-term borrowings | 10,575 | 10,575 | - | - | 10,575 | ||||||||||||||||
Federal funds purchased | 1,639 | 1,639 | - | - | 1,639 | ||||||||||||||||
Other borrowings | 12,261 | - | - | 12,469 | 12,469 | ||||||||||||||||
Accrued interest payable | 464 | 464 | - | - | 464 | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
Carrying | Level I | Level II | Level III | Total | |||||||||||||||||
Value | Fair Value | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 45,346 | $ | 45,346 | $ | - | $ | - | $ | 45,346 | |||||||||||
Investment securities | |||||||||||||||||||||
Available for sale | 194,472 | 5 | 194,467 | - | 194,472 | ||||||||||||||||
Net loans | 400,654 | - | - | 390,206 | 390,206 | ||||||||||||||||
Bank-owned life insurance | 8,536 | 8,536 | - | - | 8,536 | ||||||||||||||||
Federal Home Loan Bank stock | 1,887 | 1,887 | - | - | 1,887 | ||||||||||||||||
Accrued interest receivable | 2,163 | 2,163 | - | - | 2,163 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 593,335 | $ | 396,582 | $ | - | $ | 196,122 | $ | 592,704 | |||||||||||
Short-term borrowings | 6,538 | 6,538 | - | - | 6,538 | ||||||||||||||||
Other borrowings | 12,970 | - | - | 13,337 | 13,337 | ||||||||||||||||
Accrued interest payable | 492 | 492 | - | - | 492 | ||||||||||||||||
Financial instruments are defined as cash, evidence of ownership interest in an entity, or a contract which creates an obligation or right to receive or deliver cash or another financial instrument from/to a second entity on potentially favorable or unfavorable terms. | |||||||||||||||||||||
Fair value is defined as the amount at which a financial instrument could be exchanged in a current transaction between willing parties other than in a forced liquidation sale. If a quoted market price is available for a financial instrument, the estimated fair value would be calculated based upon the market price per trading unit of the instrument. | |||||||||||||||||||||
If no readily available market exists, the fair value estimates for financial instruments should be based upon management’s judgment regarding current economic conditions, interest rate risk, expected cash flows, future estimated losses, and other factors as determined through various option pricing formulas or simulation modeling. Since many of these assumptions result from judgments made by management based upon estimates which are inherently uncertain, the resulting estimated fair values may not be indicative of the amount realizable in the sale of a particular financial instrument. In addition, changes in assumptions on which the estimated fair values are based may have a significant impact on the resulting estimated fair values. | |||||||||||||||||||||
As certain assets such as deferred tax assets and premises and equipment are not considered financial instruments, the estimated fair value of financial instruments would not represent the full value of the Company. | |||||||||||||||||||||
The Company employed simulation modeling in determining the estimated fair value of financial instruments for which quoted market prices were not available based upon the following assumptions: | |||||||||||||||||||||
Cash and Cash Equivalents, Federal Home Loan Bank Stock, Accrued Interest Receivable, Accrued Interest Payable, Federal Funds Purchased, and Short-Term Borrowings | |||||||||||||||||||||
The fair value is equal to the current carrying value. | |||||||||||||||||||||
Bank-Owned Life Insurance | |||||||||||||||||||||
The fair value is equal to the cash surrender value of the life insurance policies. | |||||||||||||||||||||
Investment Securities Available for Sale | |||||||||||||||||||||
The fair value of investment securities is equal to the available quoted market price. If no quoted market price is available, fair value is estimated using the quoted market price for similar securities. | |||||||||||||||||||||
Loans | |||||||||||||||||||||
The fair value is estimated by discounting future cash flows using current market inputs at which loans with similar terms and qualities would be made to borrowers of similar credit quality. Where quoted market prices were available, primarily for certain residential mortgage loans, such market rates were used as estimates for fair value. | |||||||||||||||||||||
Deposits and Other Borrowed Funds | |||||||||||||||||||||
The fair values of certificates of deposit and other borrowed funds are based on the discounted value of contractual cash flows. The discount rates are estimated using rates currently offered for similar instruments with similar remaining maturities. Demand, savings, and money market deposits are valued at the amount payable on demand as of period end. | |||||||||||||||||||||
Commitments to Extend Credit | |||||||||||||||||||||
These financial instruments are generally not subject to sale, and estimated fair values are not readily available. The carrying value, represented by the net deferred fee arising from the unrecognized commitment or letter of credit, and the fair value, determined by discounting the remaining contractual fee over the term of the commitment using fees currently charged to enter into similar agreements with similar credit risk, are not considered material for disclosure. |
Note_5_Accumulated_Other_Compr
Note 5 - Accumulated Other Comprehensive Income | 9 Months Ended | |||||||||
Sep. 30, 2013 | ||||||||||
Disclosure Text Block [Abstract] | ' | |||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | |||||||||
NOTE 5 – ACCUMULATED OTHER COMPREHENSIVE INCOME | ||||||||||
The following table presents the changes in accumulated other comprehensive income (loss) by component net of tax for the three and nine months ended September 30, 2013 and 2012: | ||||||||||
Unrealized gains on | ||||||||||
available for sale | ||||||||||
securities (a) | ||||||||||
Balance as of December 31, 2012 | $ | 5,391 | ||||||||
Other comprehensive loss before reclassification | (5,466 | ) | ||||||||
Amount reclassified from accumulated other comprehensive income (loss) | (115 | ) | ||||||||
Period change | (5,581 | ) | ||||||||
Balance at June 30, 2013 | $ | (190 | ) | |||||||
Other comprehensive loss before reclassification | (1,503 | ) | ||||||||
Amount reclassified from accumulated other comprehensive income (loss) | - | |||||||||
Period change | (1,503 | ) | ||||||||
Balance at September 30, 2013 | $ | (1,693 | ) | |||||||
Balance as of December 31, 2011 | $ | 4,541 | ||||||||
Other comprehensive income before reclassification | 1,204 | |||||||||
Amount reclassified from accumulated other comprehensive income (loss) | (196 | ) | ||||||||
Period change | 1,008 | |||||||||
Balance at June 30, 2012 | 5,549 | |||||||||
Other comprehensive loss before reclassification | 553 | |||||||||
Amount reclassified from accumulated other comprehensive income (loss) | (100 | ) | ||||||||
Period change | 453 | |||||||||
Balance at September 30, 2012 | $ | 6,002 | ||||||||
(a) All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||
The following tables present significant amounts reclassified out of each component of accumulated other comprehensive income (loss): | ||||||||||
Amount Reclassified from | ||||||||||
Accumulated Other Comprehensive Income (Loss) | Affected Line Item in | |||||||||
For the Three Months Ended | the Statement Where | |||||||||
September 30, | Net Income is | |||||||||
Details about other comprehensive income | 2013 | (a) | 2012 | Presented | ||||||
Unrealized gains on available for sale securities | ||||||||||
$ | - | $ | 152 | Investment securities gains, net | ||||||
- | (52 | ) | Income taxes | |||||||
$ | - | $ | 100 | Net of tax | ||||||
(a) Amounts in parentheses indicate debits to net income | ||||||||||
Amount Reclassified from | ||||||||||
Accumulated Other Comprehensive Income (Loss) | Affected Line Item in | |||||||||
For the Nine Months Ended | the Statement Where | |||||||||
September 30, | Net Income is | |||||||||
Details about other comprehensive income | 2013 | (a) | 2012 | Presented | ||||||
Unrealized gains on available for sale securities | ||||||||||
$ | 175 | $ | 448 | Investment securities gains, net | ||||||
(60 | ) | (152 | ) | Income taxes | ||||||
$ | 115 | $ | 296 | Net of tax | ||||||
(a) Amounts in parentheses indicate debits to net income |
Note_6_Investment_Securities_A
Note 6 - Investment Securities Available For Sale | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||
NOTE 6 - INVESTMENT SECURITIES AVAILABLE FOR SALE | |||||||||||||||||||||||||
The amortized cost and fair values of securities available for sale are as follows: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
U.S. government agency securities | $ | 27,550 | $ | 161 | $ | (1,368 | ) | $ | 26,343 | ||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Taxable | 5,364 | 215 | (21 | ) | 5,558 | ||||||||||||||||||||
Tax-exempt | 90,441 | 1,885 | (3,263 | ) | 89,063 | ||||||||||||||||||||
Mortgage-backed securities in government-sponsored entities | 55,633 | 696 | (1,246 | ) | 55,083 | ||||||||||||||||||||
Private-label mortgage-backed securities | 3,597 | 377 | - | 3,974 | |||||||||||||||||||||
Total debt securities | 182,585 | 3,334 | (5,898 | ) | 180,021 | ||||||||||||||||||||
Equity securities in financial institutions | 750 | - | - | 750 | |||||||||||||||||||||
Total | $ | 183,335 | $ | 3,334 | $ | (5,898 | ) | $ | 180,771 | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
U.S. government agency securities | $ | 24,485 | $ | 566 | $ | (91 | ) | $ | 24,960 | ||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Taxable | 6,888 | 738 | - | 7,626 | |||||||||||||||||||||
Tax-exempt | 80,391 | 4,684 | (104 | ) | 84,971 | ||||||||||||||||||||
Mortgage-backed securities in government-sponsored entities | 69,238 | 1,929 | (65 | ) | 71,102 | ||||||||||||||||||||
Private-label mortgage-backed securities | 4,553 | 511 | - | 5,064 | |||||||||||||||||||||
Total debt securities | 185,555 | 8,427 | (260 | ) | 193,723 | ||||||||||||||||||||
Equity securities in financial institutions | 750 | - | - | 750 | |||||||||||||||||||||
Total | $ | 186,305 | $ | 8,427 | $ | (260 | ) | $ | 194,473 | ||||||||||||||||
The amortized cost and fair value of debt securities at September 30, 2013, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Fair | |||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
Due in one year or less | $ | 2,736 | $ | 2,768 | |||||||||||||||||||||
Due after one year through five years | 4,071 | 4,261 | |||||||||||||||||||||||
Due after five years through ten years | 21,891 | 21,963 | |||||||||||||||||||||||
Due after ten years | 153,887 | 151,029 | |||||||||||||||||||||||
Total | $ | 182,585 | $ | 180,021 | |||||||||||||||||||||
Proceeds from the sales of securities available for sale and the gross realized gains and losses for the three and nine months ended September 30 are as follows: | |||||||||||||||||||||||||
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Proceeds from sales | $ | - | $ | 5,622 | $ | 8,136 | $ | 27,426 | |||||||||||||||||
Gross realized gains | - | 154 | 204 | 462 | |||||||||||||||||||||
Gross realized losses | - | (2 | ) | (29 | ) | (14 | ) | ||||||||||||||||||
Investment securities with an approximate carrying value of $73.8 million and $62.5 million at September 30, 2013 and December 31, 2012, respectively, were pledged to secure deposits and other purposes as required by law. | |||||||||||||||||||||||||
The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Less than Twelve Months | Twelve Months or Greater | Total | |||||||||||||||||||||||
(Dollar amounts in thousands) | Fair | Gross | Fair | Gross | Fair | Gross | |||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | ||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||
U.S. government agency securities | $ | 17,408 | $ | (1,368 | ) | $ | - | $ | - | $ | 17,408 | $ | (1,368 | ) | |||||||||||
Obligations of states and political subdivisions | 30,690 | (3,244 | ) | 448 | (40 | ) | 31,138 | (3,284 | ) | ||||||||||||||||
Mortgage-backed securities in government-sponsored entities | 30,295 | (1,061 | ) | 5,719 | (185 | ) | 36,014 | (1,246 | ) | ||||||||||||||||
Total | $ | 78,393 | $ | (5,673 | ) | $ | 6,167 | $ | (225 | ) | $ | 84,560 | $ | (5,898 | ) | ||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Less than Twelve Months | Twelve Months or Greater | Total | |||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | ||||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | ||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||
U.S. government agency securities | $ | 9,938 | $ | (91 | ) | $ | - | $ | - | $ | 9,938 | $ | (91 | ) | |||||||||||
Obligations of states and political subdivisions | 9,240 | (104 | ) | - | - | 9,240 | (104 | ) | |||||||||||||||||
Mortgage-backed securities in government-sponsored entities | 12,353 | (65 | ) | - | - | 12,353 | (65 | ) | |||||||||||||||||
Total | $ | 31,531 | $ | (260 | ) | $ | - | $ | - | $ | 31,531 | $ | (260 | ) | |||||||||||
There were 103 securities considered temporarily impaired at September 30, 2013. | |||||||||||||||||||||||||
On a quarterly basis, the Company performs an assessment to determine whether there have been any events or economic circumstances indicating that a security with an unrealized loss has suffered other-than-temporary impairment (“OTTI”). A debt security is considered impaired if the fair value is less than its amortized cost basis at the reporting date. The Company assesses whether the unrealized loss is other-than-temporary. | |||||||||||||||||||||||||
OTTI losses are recognized in earnings when the Company has the intent to sell the debt security or it is more likely than not that it will be required to sell the debt security before recovery of its amortized cost basis. However, even if the Company does not expect to sell a debt security, it must evaluate expected cash flows to be received and determine if a credit loss has occurred. | |||||||||||||||||||||||||
An unrealized loss is generally deemed to be other than temporary and a credit loss is deemed to exist if the present value of the expected future cash flows is less than the amortized cost basis of the debt security. As a result the credit loss component of an OTTI is recorded as a component of investment securities gains (losses) in the accompanying Consolidated Statement of Income, while the remaining portion of the impairment loss is recognized in other comprehensive income, provided the Company does not intend to sell the underlying debt security and it is “more likely than not” that the Company will not have to sell the debt security prior to recovery. | |||||||||||||||||||||||||
Debt securities issued by U.S. government agencies, U.S. government-sponsored enterprises, and state and political subdivisions accounted for more than 97% of the total available-for-sale portfolio as of September 30, 2013 and no credit losses are expected, given the explicit and implicit guarantees provided by the U.S. federal government and the lack of prolonged unrealized loss positions within the obligations of state and political subdivisions security portfolio. The Company’s assessment was concentrated mainly on private-label collateralized mortgage obligations of approximately $3.6 million for which the Company evaluates credit losses on a quarterly basis. The gross unrealized gain position related to these private-label collateralized mortgage obligations amounted to $377,000 on September 30, 2013. The Company considered the following factors in determining whether a credit loss exists and the period over which the debt security is expected to recover: | |||||||||||||||||||||||||
• | The length of time and the extent to which the fair value has been less than the amortized cost basis. | ||||||||||||||||||||||||
• | Changes in the near term prospects of the underlying collateral of a security such as changes in default rates, loss severity given default and significant changes in prepayment assumptions; | ||||||||||||||||||||||||
• | The level of cash flows generated from the underlying collateral supporting the principal and interest payments of the debt securities; and | ||||||||||||||||||||||||
• | Any adverse change to the credit conditions and liquidity of the issuer, taking into consideration the latest information available about the overall financial condition of the issuer, credit ratings, recent legislation and government actions affecting the issuer’s industry and actions taken by the issuer to deal with the present economic climate. | ||||||||||||||||||||||||
For the nine months ended September 30, 2013 and 2012, there were no available-for-sale debt securities with an unrealized loss that suffered OTTI. |
Note_7_Loans_And_Related_Allow
Note 7 - Loans And Related Allowance For Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||
NOTE 7 - LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES | |||||||||||||||||||||||||||||||||
Major classifications of loans are summarized as follows (in thousands): | |||||||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 50,265 | $ | 62,188 | |||||||||||||||||||||||||||||
Real estate - construction | 25,487 | 22,522 | |||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 203,312 | 203,872 | |||||||||||||||||||||||||||||||
Commercial | 135,760 | 115,734 | |||||||||||||||||||||||||||||||
Consumer installment | 4,236 | 4,117 | |||||||||||||||||||||||||||||||
419,060 | 408,433 | ||||||||||||||||||||||||||||||||
Less allowance for loan losses | 7,821 | 7,779 | |||||||||||||||||||||||||||||||
Net loans | $ | 411,239 | $ | 400,654 | |||||||||||||||||||||||||||||
The Company’s primary business activity is with customers located within its local trade area, eastern Geauga County, and contiguous counties to the north, east, and south. The Company also serves the central Ohio market with offices in Dublin and Westerville, Ohio. Commercial, residential, consumer, and agricultural loans are granted. Although the Company has a diversified loan portfolio, loans outstanding to individuals and businesses are dependent upon the local economic conditions in the Company’s immediate trade area. | |||||||||||||||||||||||||||||||||
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are reported at their outstanding unpaid principal balances net of the allowance for loan losses. Interest income is recognized as income when earned on the accrual method. The accrual of interest is discontinued on a loan when management believes, after considering economic and business conditions, the borrower’s financial condition is such that collection of interest is doubtful. Interest received on nonaccrual loans is recorded as income or applied against principal according to management’s judgment as to the collectability of such principal. | |||||||||||||||||||||||||||||||||
Loan origination fees and certain direct loan origination costs are being deferred and the net amount amortized as an adjustment of the related loan’s yield. Management is amortizing these amounts over the contractual life of the related loans. | |||||||||||||||||||||||||||||||||
The following tables summarize the primary segments of the loan portfolio and allowance for loan losses (in thousands): | |||||||||||||||||||||||||||||||||
Real Estate- Mortgage | |||||||||||||||||||||||||||||||||
30-Sep-13 | Commercial and industrial | Real estate- construction | Residential | Commercial | Consumer installment | Total | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,483 | $ | 3,963 | $ | 5,766 | $ | 6,787 | $ | 8 | $ | 18,007 | |||||||||||||||||||||
Collectively evaluated for impairment | 48,782 | 21,524 | 197,546 | 128,973 | 4,228 | 401,053 | |||||||||||||||||||||||||||
Total loans | $ | 50,265 | $ | 25,487 | $ | 203,312 | $ | 135,760 | $ | 4,236 | $ | 419,060 | |||||||||||||||||||||
Real estate- Mortgage | |||||||||||||||||||||||||||||||||
31-Dec-12 | Commercial and industrial | Real estate- construction | Residential | Commercial | Consumer installment | Total | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,592 | $ | 3,993 | $ | 5,761 | $ | 6,914 | $ | 28 | $ | 21,288 | |||||||||||||||||||||
Collectively evaluated for impairment | 57,596 | 18,529 | 198,111 | 108,820 | 4,089 | 387,145 | |||||||||||||||||||||||||||
Total loans | $ | 62,188 | $ | 22,522 | $ | 203,872 | $ | 115,734 | $ | 4,117 | $ | 408,433 | |||||||||||||||||||||
Real Estate- Mortgage | |||||||||||||||||||||||||||||||||
30-Sep-13 | Commercial and industrial | Real estate- construction | Residential | Commercial | Consumer installment | Total | |||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 195 | $ | 859 | $ | 896 | $ | 590 | $ | - | $ | 2,540 | |||||||||||||||||||||
Collectively evaluated for impairment | 593 | 440 | 2,743 | 1,483 | 22 | 5,281 | |||||||||||||||||||||||||||
Total ending allowance balance | $ | 788 | $ | 1,299 | $ | 3,639 | $ | 2,073 | $ | 22 | $ | 7,821 | |||||||||||||||||||||
Real Estate- Mortgage | |||||||||||||||||||||||||||||||||
31-Dec-12 | Commercial and industrial | Real estate- construction | Residential | Commercial | Consumer installment | Total | |||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,189 | $ | 933 | $ | 600 | $ | 960 | $ | 6 | $ | 3,688 | |||||||||||||||||||||
Collectively evaluated for impairment | 543 | 190 | 2,272 | 1,031 | 55 | 4,091 | |||||||||||||||||||||||||||
Total ending allowance balance | $ | 1,732 | $ | 1,123 | $ | 2,872 | $ | 1,991 | $ | 61 | $ | 7,779 | |||||||||||||||||||||
The Company’s loan portfolio is segmented to a level that allows management to monitor risk and performance. The portfolio is segmented into Commercial and Industrial (“C&I”), Real Estate Construction, Real Estate - Mortgage which is further segmented into Residential and Commercial real estate, and Consumer Installment Loans. The C&I loan segment consists of loans made for the purpose of financing the activities of commercial customers. The residential mortgage loan segment consists of loans made for the purpose of financing the activities of residential homeowners. The commercial mortgage loan segment consists of loans made for the purposed of financing the activities of commercial real estate owners and operators. The consumer loan segment consists primarily of installment loans and overdraft lines of credit connected with customer deposit accounts. | |||||||||||||||||||||||||||||||||
Management evaluates individual loans in all of the commercial segments for possible impairment if the loan is greater than $150,000 and if the loan either is in nonaccrual status, or is risk rated Special Mention or Substandard and is greater than 90 days past due. Loans are considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in evaluating impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company does not separately evaluate individual consumer and residential mortgage loans for impairment, unless such loans are part of a larger relationship that is impaired. | |||||||||||||||||||||||||||||||||
Once the determination has been made that a loan is impaired, the determination of whether a specific allocation of the allowance is necessary is measured by comparing the recorded investment in the loan to the fair value of the loan using one of three methods: (a) the present value of expected future cash flows discounted at the loan’s effective interest rate; (b) the loan’s observable market price; or (c) the fair value of the collateral less selling costs. The method is selected on a loan-by-loan basis, with management primarily utilizing the fair value of collateral method. The evaluation of the need and amount of a specific allocation of the allowance and whether a loan can be removed from impairment status is made on a quarterly basis. The Company’s policy for recognizing interest income on impaired loans does not differ from its overall policy for interest recognition. | |||||||||||||||||||||||||||||||||
The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary (in thousands): | |||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||||||
Recorded | Unpaid Principal Balance | Related | |||||||||||||||||||||||||||||||
Investment | Allowance | ||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 932 | $ | 932 | $ | - | |||||||||||||||||||||||||||
Real estate - construction | 142 | 142 | - | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 2,755 | 2,795 | - | ||||||||||||||||||||||||||||||
Commercial | 3,567 | 3,567 | - | ||||||||||||||||||||||||||||||
Consumer installment | 8 | 8 | - | ||||||||||||||||||||||||||||||
Total | $ | 7,404 | $ | 7,444 | $ | - | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 551 | $ | 551 | $ | 195 | |||||||||||||||||||||||||||
Real estate - construction | 3,821 | 3,821 | 859 | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 3,011 | 3,050 | 896 | ||||||||||||||||||||||||||||||
Commercial | 3,220 | 3,220 | 590 | ||||||||||||||||||||||||||||||
Consumer installment | - | - | - | ||||||||||||||||||||||||||||||
Total | $ | 10,603 | $ | 10,642 | $ | 2,540 | |||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,483 | $ | 1,483 | $ | 195 | |||||||||||||||||||||||||||
Real estate - construction | 3,963 | 3,963 | 859 | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 5,766 | 5,845 | 896 | ||||||||||||||||||||||||||||||
Commercial | 6,787 | 6,787 | 590 | ||||||||||||||||||||||||||||||
Consumer installment | 8 | 8 | - | ||||||||||||||||||||||||||||||
Total | $ | 18,007 | $ | 18,086 | $ | 2,540 | |||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||||||
Recorded | Unpaid Principal Balance | Related | |||||||||||||||||||||||||||||||
Investment | Allowance | ||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,230 | $ | 1,229 | $ | - | |||||||||||||||||||||||||||
Real estate - construction | 308 | 308 | - | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 2,716 | 2,729 | - | ||||||||||||||||||||||||||||||
Commercial | 4,143 | 4,164 | - | ||||||||||||||||||||||||||||||
Consumer installment | 11 | 11 | - | ||||||||||||||||||||||||||||||
Total | $ | 8,408 | $ | 8,441 | $ | - | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 3,362 | $ | 3,367 | $ | 1,189 | |||||||||||||||||||||||||||
Real estate - construction | 3,685 | 3,685 | 933 | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 3,045 | 3,054 | 600 | ||||||||||||||||||||||||||||||
Commercial | 2,771 | 2,776 | 960 | ||||||||||||||||||||||||||||||
Consumer installment | 17 | 17 | 6 | ||||||||||||||||||||||||||||||
Total | $ | 12,880 | $ | 12,899 | $ | 3,688 | |||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 4,592 | $ | 4,596 | $ | 1,189 | |||||||||||||||||||||||||||
Real estate - construction | 3,993 | 3,993 | 933 | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 5,761 | 5,783 | 600 | ||||||||||||||||||||||||||||||
Commercial | 6,914 | 6,940 | 960 | ||||||||||||||||||||||||||||||
Consumer installment | 28 | 28 | 6 | ||||||||||||||||||||||||||||||
Total | $ | 21,288 | $ | 21,340 | $ | 3,688 | |||||||||||||||||||||||||||
The following table presents interest income by class, recognized on impaired loans: | |||||||||||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | For the Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,085 | $ | 8 | $ | 2,286 | $ | 78 | |||||||||||||||||||||||||
Real estate - construction | 3,731 | 43 | 3,654 | 138 | |||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 5,351 | 81 | 5,213 | 224 | |||||||||||||||||||||||||||||
Commercial | 6,403 | 138 | 6,275 | 355 | |||||||||||||||||||||||||||||
Consumer installment | 13 | - | 15 | 1 | |||||||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | For the Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,535 | $ | 139 | $ | 2,170 | $ | 170 | |||||||||||||||||||||||||
Real estate - construction | 2,305 | - | 2,400 | 113 | |||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 3,622 | 85 | 3,764 | 169 | |||||||||||||||||||||||||||||
Commercial | 3,597 | 200 | 3,985 | 324 | |||||||||||||||||||||||||||||
Consumer installment | 13 | 1 | 27 | 2 | |||||||||||||||||||||||||||||
Management uses a nine point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first five categories are considered not criticized, and are aggregated as “Pass” rated. The criticized rating categories used by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. All loans greater than 90 days past due are considered Substandard. Assets classified as “doubtful” have all the weaknesses inherent in those classified substandard, with the added characteristic that the weaknesses make collection of principal in full — on the basis of currently existing facts, conditions, and values — highly questionable and improbable. Any portion of a loan that has been charged off is placed in the Loss category. | |||||||||||||||||||||||||||||||||
To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Company has a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as bankruptcy, repossession, or death occurs to raise awareness of a possible credit event. The Company’s Commercial Loan Officers are responsible for the timely and accurate risk rating of the loans in their portfolios at origination and on an ongoing basis. The Credit Department performs an annual review of all commercial relationships $200,000 or greater. Confirmation of the appropriate risk grade is included in the review on an ongoing basis. The Company has an experienced Loan Review Department that continually reviews and assesses loans within the portfolio. The Company engages an external consultant to conduct loan reviews on a semi-annual basis. Generally, the external consultant reviews commercial relationships greater than $250,000 and/or criticized relationships greater than $125,000. Detailed reviews, including plans for resolution, are performed on loans classified as Substandard on a quarterly basis. Loans in the Special Mention and Substandard categories that are collectively evaluated for impairment are given separate consideration in the determination of the allowance. | |||||||||||||||||||||||||||||||||
The primary risk of commercial and industrial loans is the current economic uncertainties. C & I loans are, by nature, secured by less substantial collateral than real estate secured loans. The primary risk of real estate construction loans is potential delays and /or disputes during the completion process. The primary risk of residential real estate loans is current economic uncertainties along with the slow recovery in the housing market. The primary risk of commercial real estate loans is loss of income of the owner or occupier of the property and the inability of the market to sustain rent levels. Consumer installment loans historically have experienced higher delinquency rates. Consumer installments are typically secured by less substantial collateral than other types of credits. | |||||||||||||||||||||||||||||||||
The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system (in thousands): | |||||||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||||||
Mention | Loans | ||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 48,085 | $ | 873 | $ | 1,264 | $ | 43 | $ | 50,265 | |||||||||||||||||||||||
Real estate - construction | 20,615 | 912 | 3,960 | - | 25,487 | ||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 190,408 | 964 | 11,940 | - | 203,312 | ||||||||||||||||||||||||||||
Commercial | 127,634 | 2,256 | 5,870 | - | 135,760 | ||||||||||||||||||||||||||||
Consumer installment | 4,218 | - | 18 | - | 4,236 | ||||||||||||||||||||||||||||
Total | $ | 390,960 | $ | 5,005 | $ | 23,052 | $ | 43 | $ | 419,060 | |||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||||||
Mention | Loans | ||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 59,390 | $ | 678 | $ | 2,061 | $ | 59 | $ | 62,188 | |||||||||||||||||||||||
Real estate - construction | 17,601 | - | 4,921 | - | 22,522 | ||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 190,967 | 758 | 12,147 | - | 203,872 | ||||||||||||||||||||||||||||
Commercial | 106,509 | 1,928 | 7,297 | - | 115,734 | ||||||||||||||||||||||||||||
Consumer installment | 4,084 | - | 33 | - | 4,117 | ||||||||||||||||||||||||||||
Total | $ | 378,551 | $ | 3,364 | $ | 26,459 | $ | 59 | $ | 408,433 | |||||||||||||||||||||||
Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. | |||||||||||||||||||||||||||||||||
Nonperforming assets includes nonaccrual loans, troubled debt restructurings (TDRs), loans 90 days or more past due, assets purchased by EMORECO from EB, OREO, and repossessed assets. A loan is classified as nonaccrual when, in the opinion of management, there are serious doubts about collectability of interest and principal. Accrual of interest is discontinued on a loan when management believes, after considering economic and business conditions, the borrower’s financial condition is such that collection of principal and interest is doubtful. Payments received on nonaccrual loans are applied against principal according to management’s shadow accounting system. | |||||||||||||||||||||||||||||||||
The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans (in thousands): | |||||||||||||||||||||||||||||||||
Still Accruing | |||||||||||||||||||||||||||||||||
Current | 30-59 Days | 60-89 Days | 90 Days+ | Total | Non- | Total | |||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Accrual | Loans | ||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 49,234 | $ | 656 | $ | 56 | $ | 83 | $ | 795 | $ | 236 | $ | 50,265 | |||||||||||||||||||
Real estate - construction | 24,594 | 17 | 876 | - | 893 | - | 25,487 | ||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 192,461 | 1,414 | 666 | 414 | 2,494 | 8,357 | 203,312 | ||||||||||||||||||||||||||
Commercial | 134,030 | - | - | 346 | 346 | 1,384 | 135,760 | ||||||||||||||||||||||||||
Consumer installment | 4,182 | 41 | 3 | - | 44 | 10 | 4,236 | ||||||||||||||||||||||||||
Total | $ | 404,502 | $ | 2,128 | $ | 1,601 | $ | 843 | $ | 4,572 | $ | 9,986 | $ | 419,060 | |||||||||||||||||||
Still Accruing | |||||||||||||||||||||||||||||||||
Current | 30-59 Days | 60-89 Days | 90 Days+ | Total | Non- | Total | |||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Accrual | Loans | ||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 60,428 | $ | 441 | $ | 63 | $ | 348 | $ | 852 | $ | 908 | $ | 62,188 | |||||||||||||||||||
Real estate - construction | 22,158 | - | - | - | - | 364 | 22,522 | ||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 191,349 | 2,614 | 1,401 | 90 | 4,105 | 8,418 | 203,872 | ||||||||||||||||||||||||||
Commercial | 113,023 | 509 | 97 | - | 606 | 2,105 | 115,734 | ||||||||||||||||||||||||||
Consumer installment | 4,074 | 25 | - | - | 25 | 18 | 4,117 | ||||||||||||||||||||||||||
Total | $ | 391,032 | $ | 3,589 | $ | 1,561 | $ | 438 | $ | 5,588 | $ | 11,813 | $ | 408,433 | |||||||||||||||||||
An allowance for loan and lease losses (“ALLL”) is maintained to absorb losses from the loan portfolio. The ALLL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated loss experience, and the amount of nonperforming loans. | |||||||||||||||||||||||||||||||||
The Company’s methodology for determining the ALLL is based on the requirements of ASC Section 310-10-35 for loans individually evaluated for impairment (discussed above) and ASC Subtopic 450-20 for loans collectively evaluated for impairment, as well as the Interagency Policy Statements on the Allowance for Loan and Lease Losses and other bank regulatory guidance. The total of the two components represents the Company’s ALLL. Management also performs impairment analyses on TDRs, which may result in specific reserves. | |||||||||||||||||||||||||||||||||
Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. For general allowances, historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are modified by other qualitative factors. | |||||||||||||||||||||||||||||||||
The classes described above, which are based on the purpose code assigned to each loan, provide the starting point for the ALLL analysis. Management tracks the historical net charge-off activity at the purpose code level. A historical charge-off factor is calculated using the last four consecutive historical quarters. | |||||||||||||||||||||||||||||||||
Management has identified a number of additional qualitative factors which it uses to supplement the historical charge-off factor because these factors are likely to cause estimated credit losses associated with the existing loan pools to differ from historical loss experience. The additional factors that are evaluated quarterly and updated using information obtained from internal, regulatory, and governmental sources are: national and local economic trends and conditions; levels of and trends in delinquency rates and nonaccrual loans; trends in volumes and terms of loans; effects of changes in lending policies; experience, ability, and depth of lending staff; value of underlying collateral; and concentrations of credit from a loan type, industry and/or geographic standpoint. | |||||||||||||||||||||||||||||||||
Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALLL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALLL. | |||||||||||||||||||||||||||||||||
The following table summarizes the primary segments of the loan portfolio (in thousands): | |||||||||||||||||||||||||||||||||
Commercial and industrial | Real estate- construction | Real estate- residential mortgage | Real estate- commercial mortgage | Consumer installment | Total | ||||||||||||||||||||||||||||
ALLL balance at December 31, 2012 | $ | 1,732 | $ | 1,123 | $ | 2,872 | $ | 1,991 | $ | 61 | $ | 7,779 | |||||||||||||||||||||
Charge-offs | (325 | ) | (190 | ) | (432 | ) | - | (41 | ) | (988 | ) | ||||||||||||||||||||||
Recoveries | 92 | 33 | 73 | 46 | 20 | 264 | |||||||||||||||||||||||||||
Provision | (711 | ) | 333 | 1,126 | 36 | (18 | ) | 766 | |||||||||||||||||||||||||
ALLL balance at September 30, 2013 | $ | 788 | $ | 1,299 | $ | 3,639 | $ | 2,073 | $ | 22 | $ | 7,821 | |||||||||||||||||||||
Commercial and industrial | Real estate- construction | Real estate- residential mortgage | Real estate- commercial mortgage | Consumer installment | Total | ||||||||||||||||||||||||||||
ALLL balance at December 31, 2011 | $ | 1,296 | $ | 438 | $ | 3,731 | $ | 1,306 | $ | 48 | $ | 6,819 | |||||||||||||||||||||
Charge-offs | (88 | ) | - | (668 | ) | (123 | ) | (62 | ) | (941 | ) | ||||||||||||||||||||||
Recoveries | 70 | - | 15 | - | 17 | 102 | |||||||||||||||||||||||||||
Provision | 426 | 7 | (125 | ) | 872 | 13 | 1,193 | ||||||||||||||||||||||||||
ALLL balance at September 30, 2012 | $ | 1,704 | $ | 445 | $ | 2,953 | $ | 2,055 | $ | 16 | $ | 7,173 | |||||||||||||||||||||
Commercial and industrial | Real estate- construction | Real estate- residential mortgage | Real estate- commercial mortgage | Consumer installment | Total | ||||||||||||||||||||||||||||
ALLL balance at June 30, 2013 | $ | 875 | $ | 1,191 | $ | 3,626 | $ | 2,005 | $ | 52 | $ | 7,749 | |||||||||||||||||||||
Charge-offs | - | - | (87 | ) | - | (5 | ) | (92 | ) | ||||||||||||||||||||||||
Recoveries | - | - | 2 | - | 9 | 11 | |||||||||||||||||||||||||||
Provision | (87 | ) | 108 | 98 | 68 | (34 | ) | 153 | |||||||||||||||||||||||||
ALLL balance at September 30, 2013 | $ | 788 | $ | 1,299 | $ | 3,639 | $ | 2,073 | $ | 22 | $ | 7,821 | |||||||||||||||||||||
Commercial and industrial | Real estate- construction | Real estate- residential mortgage | Real estate- commercial mortgage | Consumer installment | Total | ||||||||||||||||||||||||||||
ALLL balance at June 30, 2012 | $ | 1,626 | $ | 504 | $ | 4,109 | $ | 1,492 | $ | 21 | $ | 7,752 | |||||||||||||||||||||
Charge-offs | (60 | ) | - | (570 | ) | (70 | ) | (40 | ) | (740 | ) | ||||||||||||||||||||||
Recoveries | 1 | - | 12 | - | 5 | 18 | |||||||||||||||||||||||||||
Provision | 137 | (59 | ) | (598 | ) | 633 | 30 | 143 | |||||||||||||||||||||||||
ALLL balance at September 30, 2012 | $ | 1,704 | $ | 445 | $ | 2,953 | $ | 2,055 | $ | 16 | $ | 7,173 | |||||||||||||||||||||
The C&I ALLL balance declined from $1.7 million at December 31, 2012 to $788,000 at September 30, 2013. Loan reclassifications resulted in a shift of $660,000 of specific reserve from this category. Residential mortgage real estate increased from $2.9 million to $3.6 million during the nine months ended September 30, 2012. This was largely the result of increasing the 1-4 family owner-occupied loss ratio. A provision in any loan portfolio is not necessarily related to current charge-offs, but is a result of the evaluation of the loans in that category. | |||||||||||||||||||||||||||||||||
The following tables summarize troubled debt restructurings and subsequent defaults (in thousands): | |||||||||||||||||||||||||||||||||
Three months ended | |||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
Number of Contracts | Pre-Modification Outstanding | Number of Contracts | Pre-Modification Outstanding | ||||||||||||||||||||||||||||||
Troubled Debt Restructurings | Term Modification | Other | Total | Recorded Investment | Term Modification | Other | Total | Recorded Investment | |||||||||||||||||||||||||
Commercial and industrial | 1 | - | 1 | $ | 137 | 2 | 2 | $ | 13 | ||||||||||||||||||||||||
Real estate- mortgage: | |||||||||||||||||||||||||||||||||
Residential | - | - | - | - | 6 | 1 | 7 | 619 | |||||||||||||||||||||||||
Consumer Installment | - | - | - | - | 1 | - | 1 | 6 | |||||||||||||||||||||||||
Nine months ended | |||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
Number of Contracts | Pre-Modification Outstanding | Number of Contracts | Pre-Modification Outstanding | ||||||||||||||||||||||||||||||
Troubled Debt Restructurings | Term Modification | Other | Total | Recorded Investment | Term Modification | Other | Total | Recorded Investment | |||||||||||||||||||||||||
Commercial and industrial | 6 | - | 6 | $ | 879 | 8 | 1 | 9 | $ | 243 | |||||||||||||||||||||||
Real estate- mortgage: | |||||||||||||||||||||||||||||||||
Residential | 2 | - | 2 | 383 | 8 | 2 | 10 | 946 | |||||||||||||||||||||||||
Consumer Installment | 1 | - | 1 | 644 | 2 | - | 2 | 11 | |||||||||||||||||||||||||
Three months ended | |||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings subsequently defaulted | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | |||||||||||||||||||||||||||||
Commercial and industrial | - | $ | - | 1 | $ | 30 | |||||||||||||||||||||||||||
Real estate- mortgage: | |||||||||||||||||||||||||||||||||
Residential | - | - | 1 | 20 | |||||||||||||||||||||||||||||
Nine months ended | |||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings subsequently defaulted | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 565 | 2 | $ | 60 | |||||||||||||||||||||||||||
Real estate- mortgage: | |||||||||||||||||||||||||||||||||
Residential | - | - | 1 | 20 | |||||||||||||||||||||||||||||
Commercial | 1 | 190 | - | - | |||||||||||||||||||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recent Accounting Pronouncements | |
In April 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting. The amendments in this Update are being issued to clarify when an entity should apply the liquidation basis of accounting. In addition, the guidance provides principles for the recognition and measurement of assets and liabilities and requirements for financial statements prepared using the liquidation basis of accounting. The amendments require an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). If a plan for liquidation was specified in the entity’s governing documents from the entity’s inception (for example, limited-life entities), the entity should apply the liquidation basis of accounting only if the approved plan for liquidation differs from the plan for liquidation that was specified at the entity’s inception. The amendments are effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013, and interim reporting periods therein. Entities should apply the requirements prospectively from the day that liquidation becomes imminent. Early adoption is permitted. Entities that use the liquidation basis of accounting as of the effective date in accordance with other Topics (for example, terminating employee benefit plans) are not required to apply the amendments. Instead, those entities should continue to apply the guidance in those other Topics until they have completed liquidation. | |
In June 2013, the FASB issued ASU 2013-08, Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. The amendments in this Update affect the scope, measurement, and disclosure requirements for investment companies under U.S. GAAP. The amendments do all of the following: 1. Change the approach to the investment company assessment in Topic 946, clarify the characteristics of an investment company, and provide comprehensive guidance for assessing whether an entity is an investment Company. 2. Require an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting. 3. Require the following additional disclosures: (a) the fact that the entity is an investment company and is applying the guidance in Topic 946, (b) information about changes, if any, in an entity’s status as an investment company, and (c) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The amendments in this Update are effective for an entity’s interim and annual reporting periods in fiscal years that begin after December 15, 2013. Earlier application is prohibited. | |
In July 2013, the FASB ASU 2013-09, Fair Value Measurement (Topic 820): Deferral of the Effective Date of Certain Disclosures for Nonpublic Employee Benefit Plans in Update No. 2011-04. The amendments in this Update apply to certain quantitative disclosure requirements for an employee benefit plan, other than those plans that are subject to the Securities and Exchange Commission’s filing requirements (hereafter “nonpublic employee benefit plan”), that holds investments in its plan sponsor’s own nonpublic entity equity securities, including equity securities of its plan sponsor’s nonpublic affiliated entities and that are within the scope of the disclosure requirements contained in FASB Accounting Standards Update No. 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The amendments in this Update defer indefinitely the effective date of certain required disclosures in Update 2011-04 (Topic 820) of quantitative information about the significant unobservable inputs used in Level 3 fair value measurements for investments held by a nonpublic employee benefit plan in its plan sponsor’s own nonpublic entity equity securities, including equity securities of its plan sponsor’s nonpublic affiliated entities. The amendments in this Update do not defer the effective date for those certain quantitative disclosures for other nonpublic entity equity securities held in the nonpublic employee benefit plan or any qualitative disclosures. The deferral in this amendment is effective upon issuance for financial statements that have not been issued. | |
In July 2013, the FASB issued ASU 2013-10, Derivatives and Hedging (Topic 815):Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes. The amendments in this Update permit the Fed Funds Effective Swap Rate (OIS) to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to UST and LIBOR. The amendments also remove the restriction on using different benchmark rates for similar hedges. The amendments are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. | |
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. For nonpublic entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. |
Note_2_StockBased_Compensation1
Note 2 - Stock-Based Compensation (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||
2013 | Weighted- | 2012 | Weighted- | ||||||||||||||
average | average | ||||||||||||||||
Exercise | Exercise | ||||||||||||||||
Price | Price | ||||||||||||||||
Outstanding, January 1 | 79,693 | $ | 26.81 | 88,774 | $ | 26.81 | |||||||||||
Exercised | (21,112 | ) | 24.11 | - | - | ||||||||||||
Forfeited | - | - | (420 | ) | 36.86 | ||||||||||||
Outstanding, September 30 | 58,581 | 28.38 | 88,354 | 26.76 | |||||||||||||
Exercisable, September 30 | 58,581 | 28.38 | 88,354 | 26.76 |
Note_3_Earnings_Per_Share_Tabl
Note 3 - Earnings Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
EARNINGS PER SHARE [Abstract] | ' | ||||||||||||||||
Schedule of Weighted Average Number of Shares [Table Text Block] | ' | ||||||||||||||||
For the Three | For the Nine | ||||||||||||||||
Months Ended | Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Weighted average common shares outstanding | 2,212,020 | 2,167,711 | 2,202,747 | 2,077,027 | |||||||||||||
Average treasury stock shares | (189,530 | ) | (189,530 | ) | (189,530 | ) | (189,530 | ) | |||||||||
Weighted average common shares and common stock equivalents used to calculate basic earnings per share | 2,022,490 | 1,978,181 | 2,013,217 | 1,887,497 | |||||||||||||
Additional common stock equivalents (stock options) used to calculate diluted earnings per share | 6,930 | 5,682 | 7,981 | 4,236 | |||||||||||||
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share | 2,029,420 | 1,983,863 | 2,021,198 | 1,891,733 |
Note_4_Fair_Value_Disclosure_M1
Note 4 - Fair Value Disclosure Measurements (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
(Dollar amounts in thousands) | Level I | Level II | Level III | Total | |||||||||||||||||
Assets measured on a recurring basis: | |||||||||||||||||||||
U.S. government agency securities | $ | - | $ | 26,343 | $ | - | $ | 26,343 | |||||||||||||
Obligations of states and political subdivisions | - | 94,621 | - | 94,621 | |||||||||||||||||
Mortgage-backed securities in government- sponsored entities | 55,083 | 55,083 | |||||||||||||||||||
Private-label mortgage-backed securities | - | 3,974 | - | 3,974 | |||||||||||||||||
Total debt securities | - | 180,021 | - | 180,021 | |||||||||||||||||
Equity securities in financial institutions | 5 | 745 | - | 750 | |||||||||||||||||
Total | $ | 5 | $ | 180,766 | $ | - | $ | 180,771 | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
Level I | Level II | Level III | Total | ||||||||||||||||||
Assets measured on a recurring basis: | |||||||||||||||||||||
U.S. government agency securities | $ | - | $ | 24,960 | $ | - | $ | 24,960 | |||||||||||||
Obligations of states and political subdivisions | - | 92,596 | - | 92,596 | |||||||||||||||||
Mortgage-backed securities in government- sponsored entities | 71,102 | - | 71,102 | ||||||||||||||||||
Private-label mortgage-backed securities | - | 5,064 | - | 5,064 | |||||||||||||||||
Total debt securities | - | 193,722 | - | 193,722 | |||||||||||||||||
Equity securities in financial institutions | 5 | 745 | - | 750 | |||||||||||||||||
Total | $ | 5 | $ | 194,467 | $ | - | $ | 194,472 | |||||||||||||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | ' | ||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
(Dollar amounts in thousands) | Level I | Level II | Level III | Total | |||||||||||||||||
Assets measured on a non-recurring basis: | |||||||||||||||||||||
Impaired loans | $ | - | $ | - | $ | 15,467 | $ | 15,467 | |||||||||||||
Other real estate owned | - | - | 2,719 | 2,719 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
Level I | Level II | Level III | Total | ||||||||||||||||||
Assets measured on a non-recurring basis: | |||||||||||||||||||||
Impaired loans | $ | - | $ | - | $ | 17,600 | $ | 17,600 | |||||||||||||
Other real estate owned | - | - | 1,846 | 1,846 | |||||||||||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | ||||||||||||||||||||
Quantitative Information about Level III Fair Value Measurements | |||||||||||||||||||||
(unaudited, in thousands) | Fair Value Estimate | Valuation Techniques | Unobservable Input | Range (Weighted Average) | |||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Impaired loans | $ | 15,467 | $ | 17,600 | Appraisal of collateral (1) | Appraisal adjustments (2) | 0% | to | -68.00% | (-30.7%) | |||||||||||
Liquidation expenses (2) | 0% | to | -45.80% | (-2.0%) | |||||||||||||||||
Other real estate owned | $ | 2,719 | $ | 1,846 | Appraisal of collateral (1), (3) | Appraisal adjustments (2) | 0% | to | -10.00% | (-7.5%) | |||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Carrying | Level I | Level II | Level III | Total | |||||||||||||||||
Value | Fair Value | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 32,193 | $ | 32,193 | $ | - | $ | - | $ | 32,193 | |||||||||||
Investment securities | |||||||||||||||||||||
Available for sale | 180,771 | 5 | 180,766 | - | 180,771 | ||||||||||||||||
Net loans | 411,239 | - | - | 413,767 | 413,767 | ||||||||||||||||
Bank-owned life insurance | 8,745 | 8,745 | - | 8,745 | |||||||||||||||||
Federal Home Loan Bank stock | 1,887 | 1,887 | - | 1,887 | |||||||||||||||||
Accrued interest receivable | 2,565 | 2,565 | - | - | 2,565 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 579,222 | $ | 398,258 | $ | - | $ | 182,824 | $ | 581,082 | |||||||||||
Short-term borrowings | 10,575 | 10,575 | - | - | 10,575 | ||||||||||||||||
Federal funds purchased | 1,639 | 1,639 | - | - | 1,639 | ||||||||||||||||
Other borrowings | 12,261 | - | - | 12,469 | 12,469 | ||||||||||||||||
Accrued interest payable | 464 | 464 | - | - | 464 | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
Carrying | Level I | Level II | Level III | Total | |||||||||||||||||
Value | Fair Value | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 45,346 | $ | 45,346 | $ | - | $ | - | $ | 45,346 | |||||||||||
Investment securities | |||||||||||||||||||||
Available for sale | 194,472 | 5 | 194,467 | - | 194,472 | ||||||||||||||||
Net loans | 400,654 | - | - | 390,206 | 390,206 | ||||||||||||||||
Bank-owned life insurance | 8,536 | 8,536 | - | - | 8,536 | ||||||||||||||||
Federal Home Loan Bank stock | 1,887 | 1,887 | - | - | 1,887 | ||||||||||||||||
Accrued interest receivable | 2,163 | 2,163 | - | - | 2,163 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 593,335 | $ | 396,582 | $ | - | $ | 196,122 | $ | 592,704 | |||||||||||
Short-term borrowings | 6,538 | 6,538 | - | - | 6,538 | ||||||||||||||||
Other borrowings | 12,970 | - | - | 13,337 | 13,337 | ||||||||||||||||
Accrued interest payable | 492 | 492 | - | - | 492 |
Note_5_Accumulated_Other_Compr1
Note 5 - Accumulated Other Comprehensive Income (Tables) | 9 Months Ended | |||||||||
Sep. 30, 2013 | ||||||||||
Disclosure Text Block [Abstract] | ' | |||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||
Unrealized gains on | ||||||||||
available for sale | ||||||||||
securities (a) | ||||||||||
Balance as of December 31, 2012 | $ | 5,391 | ||||||||
Other comprehensive loss before reclassification | (5,466 | ) | ||||||||
Amount reclassified from accumulated other comprehensive income (loss) | (115 | ) | ||||||||
Period change | (5,581 | ) | ||||||||
Balance at June 30, 2013 | $ | (190 | ) | |||||||
Other comprehensive loss before reclassification | (1,503 | ) | ||||||||
Amount reclassified from accumulated other comprehensive income (loss) | - | |||||||||
Period change | (1,503 | ) | ||||||||
Balance at September 30, 2013 | $ | (1,693 | ) | |||||||
Balance as of December 31, 2011 | $ | 4,541 | ||||||||
Other comprehensive income before reclassification | 1,204 | |||||||||
Amount reclassified from accumulated other comprehensive income (loss) | (196 | ) | ||||||||
Period change | 1,008 | |||||||||
Balance at June 30, 2012 | 5,549 | |||||||||
Other comprehensive loss before reclassification | 553 | |||||||||
Amount reclassified from accumulated other comprehensive income (loss) | (100 | ) | ||||||||
Period change | 453 | |||||||||
Balance at September 30, 2012 | $ | 6,002 | ||||||||
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||
Amount Reclassified from | ||||||||||
Accumulated Other Comprehensive Income (Loss) | Affected Line Item in | |||||||||
For the Three Months Ended | the Statement Where | |||||||||
September 30, | Net Income is | |||||||||
Details about other comprehensive income | 2013 | (a) | 2012 | Presented | ||||||
Unrealized gains on available for sale securities | ||||||||||
$ | - | $ | 152 | Investment securities gains, net | ||||||
- | (52 | ) | Income taxes | |||||||
$ | - | $ | 100 | Net of tax | ||||||
Amount Reclassified from | ||||||||||
Accumulated Other Comprehensive Income (Loss) | Affected Line Item in | |||||||||
For the Nine Months Ended | the Statement Where | |||||||||
September 30, | Net Income is | |||||||||
Details about other comprehensive income | 2013 | (a) | 2012 | Presented | ||||||
Unrealized gains on available for sale securities | ||||||||||
$ | 175 | $ | 448 | Investment securities gains, net | ||||||
(60 | ) | (152 | ) | Income taxes | ||||||
$ | 115 | $ | 296 | Net of tax |
Note_6_Investment_Securities_A1
Note 6 - Investment Securities Available For Sale (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
U.S. government agency securities | $ | 27,550 | $ | 161 | $ | (1,368 | ) | $ | 26,343 | ||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Taxable | 5,364 | 215 | (21 | ) | 5,558 | ||||||||||||||||||||
Tax-exempt | 90,441 | 1,885 | (3,263 | ) | 89,063 | ||||||||||||||||||||
Mortgage-backed securities in government-sponsored entities | 55,633 | 696 | (1,246 | ) | 55,083 | ||||||||||||||||||||
Private-label mortgage-backed securities | 3,597 | 377 | - | 3,974 | |||||||||||||||||||||
Total debt securities | 182,585 | 3,334 | (5,898 | ) | 180,021 | ||||||||||||||||||||
Equity securities in financial institutions | 750 | - | - | 750 | |||||||||||||||||||||
Total | $ | 183,335 | $ | 3,334 | $ | (5,898 | ) | $ | 180,771 | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
U.S. government agency securities | $ | 24,485 | $ | 566 | $ | (91 | ) | $ | 24,960 | ||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Taxable | 6,888 | 738 | - | 7,626 | |||||||||||||||||||||
Tax-exempt | 80,391 | 4,684 | (104 | ) | 84,971 | ||||||||||||||||||||
Mortgage-backed securities in government-sponsored entities | 69,238 | 1,929 | (65 | ) | 71,102 | ||||||||||||||||||||
Private-label mortgage-backed securities | 4,553 | 511 | - | 5,064 | |||||||||||||||||||||
Total debt securities | 185,555 | 8,427 | (260 | ) | 193,723 | ||||||||||||||||||||
Equity securities in financial institutions | 750 | - | - | 750 | |||||||||||||||||||||
Total | $ | 186,305 | $ | 8,427 | $ | (260 | ) | $ | 194,473 | ||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Fair | |||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
Due in one year or less | $ | 2,736 | $ | 2,768 | |||||||||||||||||||||
Due after one year through five years | 4,071 | 4,261 | |||||||||||||||||||||||
Due after five years through ten years | 21,891 | 21,963 | |||||||||||||||||||||||
Due after ten years | 153,887 | 151,029 | |||||||||||||||||||||||
Total | $ | 182,585 | $ | 180,021 | |||||||||||||||||||||
Realized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
For the Three Months Ended September 30, | For the Nine Months Ended September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Proceeds from sales | $ | - | $ | 5,622 | $ | 8,136 | $ | 27,426 | |||||||||||||||||
Gross realized gains | - | 154 | 204 | 462 | |||||||||||||||||||||
Gross realized losses | - | (2 | ) | (29 | ) | (14 | ) | ||||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Less than Twelve Months | Twelve Months or Greater | Total | |||||||||||||||||||||||
(Dollar amounts in thousands) | Fair | Gross | Fair | Gross | Fair | Gross | |||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | ||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||
U.S. government agency securities | $ | 17,408 | $ | (1,368 | ) | $ | - | $ | - | $ | 17,408 | $ | (1,368 | ) | |||||||||||
Obligations of states and political subdivisions | 30,690 | (3,244 | ) | 448 | (40 | ) | 31,138 | (3,284 | ) | ||||||||||||||||
Mortgage-backed securities in government-sponsored entities | 30,295 | (1,061 | ) | 5,719 | (185 | ) | 36,014 | (1,246 | ) | ||||||||||||||||
Total | $ | 78,393 | $ | (5,673 | ) | $ | 6,167 | $ | (225 | ) | $ | 84,560 | $ | (5,898 | ) | ||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Less than Twelve Months | Twelve Months or Greater | Total | |||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | ||||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | ||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||
U.S. government agency securities | $ | 9,938 | $ | (91 | ) | $ | - | $ | - | $ | 9,938 | $ | (91 | ) | |||||||||||
Obligations of states and political subdivisions | 9,240 | (104 | ) | - | - | 9,240 | (104 | ) | |||||||||||||||||
Mortgage-backed securities in government-sponsored entities | 12,353 | (65 | ) | - | - | 12,353 | (65 | ) | |||||||||||||||||
Total | $ | 31,531 | $ | (260 | ) | $ | - | $ | - | $ | 31,531 | $ | (260 | ) |
Note_7_Loans_And_Related_Allow1
Note 7 - Loans And Related Allowance For Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Note 7 - Loans And Related Allowance For Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 50,265 | $ | 62,188 | |||||||||||||||||||||||||||||
Real estate - construction | 25,487 | 22,522 | |||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 203,312 | 203,872 | |||||||||||||||||||||||||||||||
Commercial | 135,760 | 115,734 | |||||||||||||||||||||||||||||||
Consumer installment | 4,236 | 4,117 | |||||||||||||||||||||||||||||||
419,060 | 408,433 | ||||||||||||||||||||||||||||||||
Less allowance for loan losses | 7,821 | 7,779 | |||||||||||||||||||||||||||||||
Net loans | $ | 411,239 | $ | 400,654 | |||||||||||||||||||||||||||||
Schedule of Financing Receivable by Segment [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Real Estate- Mortgage | |||||||||||||||||||||||||||||||||
30-Sep-13 | Commercial and industrial | Real estate- construction | Residential | Commercial | Consumer installment | Total | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,483 | $ | 3,963 | $ | 5,766 | $ | 6,787 | $ | 8 | $ | 18,007 | |||||||||||||||||||||
Collectively evaluated for impairment | 48,782 | 21,524 | 197,546 | 128,973 | 4,228 | 401,053 | |||||||||||||||||||||||||||
Total loans | $ | 50,265 | $ | 25,487 | $ | 203,312 | $ | 135,760 | $ | 4,236 | $ | 419,060 | |||||||||||||||||||||
Real estate- Mortgage | |||||||||||||||||||||||||||||||||
31-Dec-12 | Commercial and industrial | Real estate- construction | Residential | Commercial | Consumer installment | Total | |||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,592 | $ | 3,993 | $ | 5,761 | $ | 6,914 | $ | 28 | $ | 21,288 | |||||||||||||||||||||
Collectively evaluated for impairment | 57,596 | 18,529 | 198,111 | 108,820 | 4,089 | 387,145 | |||||||||||||||||||||||||||
Total loans | $ | 62,188 | $ | 22,522 | $ | 203,872 | $ | 115,734 | $ | 4,117 | $ | 408,433 | |||||||||||||||||||||
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Real Estate- Mortgage | |||||||||||||||||||||||||||||||||
30-Sep-13 | Commercial and industrial | Real estate- construction | Residential | Commercial | Consumer installment | Total | |||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 195 | $ | 859 | $ | 896 | $ | 590 | $ | - | $ | 2,540 | |||||||||||||||||||||
Collectively evaluated for impairment | 593 | 440 | 2,743 | 1,483 | 22 | 5,281 | |||||||||||||||||||||||||||
Total ending allowance balance | $ | 788 | $ | 1,299 | $ | 3,639 | $ | 2,073 | $ | 22 | $ | 7,821 | |||||||||||||||||||||
Real Estate- Mortgage | |||||||||||||||||||||||||||||||||
31-Dec-12 | Commercial and industrial | Real estate- construction | Residential | Commercial | Consumer installment | Total | |||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,189 | $ | 933 | $ | 600 | $ | 960 | $ | 6 | $ | 3,688 | |||||||||||||||||||||
Collectively evaluated for impairment | 543 | 190 | 2,272 | 1,031 | 55 | 4,091 | |||||||||||||||||||||||||||
Total ending allowance balance | $ | 1,732 | $ | 1,123 | $ | 2,872 | $ | 1,991 | $ | 61 | $ | 7,779 | |||||||||||||||||||||
Commercial and industrial | Real estate- construction | Real estate- residential mortgage | Real estate- commercial mortgage | Consumer installment | Total | ||||||||||||||||||||||||||||
ALLL balance at December 31, 2012 | $ | 1,732 | $ | 1,123 | $ | 2,872 | $ | 1,991 | $ | 61 | $ | 7,779 | |||||||||||||||||||||
Charge-offs | (325 | ) | (190 | ) | (432 | ) | - | (41 | ) | (988 | ) | ||||||||||||||||||||||
Recoveries | 92 | 33 | 73 | 46 | 20 | 264 | |||||||||||||||||||||||||||
Provision | (711 | ) | 333 | 1,126 | 36 | (18 | ) | 766 | |||||||||||||||||||||||||
ALLL balance at September 30, 2013 | $ | 788 | $ | 1,299 | $ | 3,639 | $ | 2,073 | $ | 22 | $ | 7,821 | |||||||||||||||||||||
Commercial and industrial | Real estate- construction | Real estate- residential mortgage | Real estate- commercial mortgage | Consumer installment | Total | ||||||||||||||||||||||||||||
ALLL balance at December 31, 2011 | $ | 1,296 | $ | 438 | $ | 3,731 | $ | 1,306 | $ | 48 | $ | 6,819 | |||||||||||||||||||||
Charge-offs | (88 | ) | - | (668 | ) | (123 | ) | (62 | ) | (941 | ) | ||||||||||||||||||||||
Recoveries | 70 | - | 15 | - | 17 | 102 | |||||||||||||||||||||||||||
Provision | 426 | 7 | (125 | ) | 872 | 13 | 1,193 | ||||||||||||||||||||||||||
ALLL balance at September 30, 2012 | $ | 1,704 | $ | 445 | $ | 2,953 | $ | 2,055 | $ | 16 | $ | 7,173 | |||||||||||||||||||||
Commercial and industrial | Real estate- construction | Real estate- residential mortgage | Real estate- commercial mortgage | Consumer installment | Total | ||||||||||||||||||||||||||||
ALLL balance at June 30, 2013 | $ | 875 | $ | 1,191 | $ | 3,626 | $ | 2,005 | $ | 52 | $ | 7,749 | |||||||||||||||||||||
Charge-offs | - | - | (87 | ) | - | (5 | ) | (92 | ) | ||||||||||||||||||||||||
Recoveries | - | - | 2 | - | 9 | 11 | |||||||||||||||||||||||||||
Provision | (87 | ) | 108 | 98 | 68 | (34 | ) | 153 | |||||||||||||||||||||||||
ALLL balance at September 30, 2013 | $ | 788 | $ | 1,299 | $ | 3,639 | $ | 2,073 | $ | 22 | $ | 7,821 | |||||||||||||||||||||
Commercial and industrial | Real estate- construction | Real estate- residential mortgage | Real estate- commercial mortgage | Consumer installment | Total | ||||||||||||||||||||||||||||
ALLL balance at June 30, 2012 | $ | 1,626 | $ | 504 | $ | 4,109 | $ | 1,492 | $ | 21 | $ | 7,752 | |||||||||||||||||||||
Charge-offs | (60 | ) | - | (570 | ) | (70 | ) | (40 | ) | (740 | ) | ||||||||||||||||||||||
Recoveries | 1 | - | 12 | - | 5 | 18 | |||||||||||||||||||||||||||
Provision | 137 | (59 | ) | (598 | ) | 633 | 30 | 143 | |||||||||||||||||||||||||
ALLL balance at September 30, 2012 | $ | 1,704 | $ | 445 | $ | 2,953 | $ | 2,055 | $ | 16 | $ | 7,173 | |||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||||||
Recorded | Unpaid Principal Balance | Related | |||||||||||||||||||||||||||||||
Investment | Allowance | ||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 932 | $ | 932 | $ | - | |||||||||||||||||||||||||||
Real estate - construction | 142 | 142 | - | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 2,755 | 2,795 | - | ||||||||||||||||||||||||||||||
Commercial | 3,567 | 3,567 | - | ||||||||||||||||||||||||||||||
Consumer installment | 8 | 8 | - | ||||||||||||||||||||||||||||||
Total | $ | 7,404 | $ | 7,444 | $ | - | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 551 | $ | 551 | $ | 195 | |||||||||||||||||||||||||||
Real estate - construction | 3,821 | 3,821 | 859 | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 3,011 | 3,050 | 896 | ||||||||||||||||||||||||||||||
Commercial | 3,220 | 3,220 | 590 | ||||||||||||||||||||||||||||||
Consumer installment | - | - | - | ||||||||||||||||||||||||||||||
Total | $ | 10,603 | $ | 10,642 | $ | 2,540 | |||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,483 | $ | 1,483 | $ | 195 | |||||||||||||||||||||||||||
Real estate - construction | 3,963 | 3,963 | 859 | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 5,766 | 5,845 | 896 | ||||||||||||||||||||||||||||||
Commercial | 6,787 | 6,787 | 590 | ||||||||||||||||||||||||||||||
Consumer installment | 8 | 8 | - | ||||||||||||||||||||||||||||||
Total | $ | 18,007 | $ | 18,086 | $ | 2,540 | |||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||||||
Recorded | Unpaid Principal Balance | Related | |||||||||||||||||||||||||||||||
Investment | Allowance | ||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,230 | $ | 1,229 | $ | - | |||||||||||||||||||||||||||
Real estate - construction | 308 | 308 | - | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 2,716 | 2,729 | - | ||||||||||||||||||||||||||||||
Commercial | 4,143 | 4,164 | - | ||||||||||||||||||||||||||||||
Consumer installment | 11 | 11 | - | ||||||||||||||||||||||||||||||
Total | $ | 8,408 | $ | 8,441 | $ | - | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 3,362 | $ | 3,367 | $ | 1,189 | |||||||||||||||||||||||||||
Real estate - construction | 3,685 | 3,685 | 933 | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 3,045 | 3,054 | 600 | ||||||||||||||||||||||||||||||
Commercial | 2,771 | 2,776 | 960 | ||||||||||||||||||||||||||||||
Consumer installment | 17 | 17 | 6 | ||||||||||||||||||||||||||||||
Total | $ | 12,880 | $ | 12,899 | $ | 3,688 | |||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 4,592 | $ | 4,596 | $ | 1,189 | |||||||||||||||||||||||||||
Real estate - construction | 3,993 | 3,993 | 933 | ||||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 5,761 | 5,783 | 600 | ||||||||||||||||||||||||||||||
Commercial | 6,914 | 6,940 | 960 | ||||||||||||||||||||||||||||||
Consumer installment | 28 | 28 | 6 | ||||||||||||||||||||||||||||||
Total | $ | 21,288 | $ | 21,340 | $ | 3,688 | |||||||||||||||||||||||||||
' | |||||||||||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | For the Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,085 | $ | 8 | $ | 2,286 | $ | 78 | |||||||||||||||||||||||||
Real estate - construction | 3,731 | 43 | 3,654 | 138 | |||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 5,351 | 81 | 5,213 | 224 | |||||||||||||||||||||||||||||
Commercial | 6,403 | 138 | 6,275 | 355 | |||||||||||||||||||||||||||||
Consumer installment | 13 | - | 15 | 1 | |||||||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | For the Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,535 | $ | 139 | $ | 2,170 | $ | 170 | |||||||||||||||||||||||||
Real estate - construction | 2,305 | - | 2,400 | 113 | |||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 3,622 | 85 | 3,764 | 169 | |||||||||||||||||||||||||||||
Commercial | 3,597 | 200 | 3,985 | 324 | |||||||||||||||||||||||||||||
Consumer installment | 13 | 1 | 27 | 2 | |||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||||||
Mention | Loans | ||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 48,085 | $ | 873 | $ | 1,264 | $ | 43 | $ | 50,265 | |||||||||||||||||||||||
Real estate - construction | 20,615 | 912 | 3,960 | - | 25,487 | ||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 190,408 | 964 | 11,940 | - | 203,312 | ||||||||||||||||||||||||||||
Commercial | 127,634 | 2,256 | 5,870 | - | 135,760 | ||||||||||||||||||||||||||||
Consumer installment | 4,218 | - | 18 | - | 4,236 | ||||||||||||||||||||||||||||
Total | $ | 390,960 | $ | 5,005 | $ | 23,052 | $ | 43 | $ | 419,060 | |||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||||||
Mention | Loans | ||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 59,390 | $ | 678 | $ | 2,061 | $ | 59 | $ | 62,188 | |||||||||||||||||||||||
Real estate - construction | 17,601 | - | 4,921 | - | 22,522 | ||||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 190,967 | 758 | 12,147 | - | 203,872 | ||||||||||||||||||||||||||||
Commercial | 106,509 | 1,928 | 7,297 | - | 115,734 | ||||||||||||||||||||||||||||
Consumer installment | 4,084 | - | 33 | - | 4,117 | ||||||||||||||||||||||||||||
Total | $ | 378,551 | $ | 3,364 | $ | 26,459 | $ | 59 | $ | 408,433 | |||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Still Accruing | |||||||||||||||||||||||||||||||||
Current | 30-59 Days | 60-89 Days | 90 Days+ | Total | Non- | Total | |||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Accrual | Loans | ||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 49,234 | $ | 656 | $ | 56 | $ | 83 | $ | 795 | $ | 236 | $ | 50,265 | |||||||||||||||||||
Real estate - construction | 24,594 | 17 | 876 | - | 893 | - | 25,487 | ||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 192,461 | 1,414 | 666 | 414 | 2,494 | 8,357 | 203,312 | ||||||||||||||||||||||||||
Commercial | 134,030 | - | - | 346 | 346 | 1,384 | 135,760 | ||||||||||||||||||||||||||
Consumer installment | 4,182 | 41 | 3 | - | 44 | 10 | 4,236 | ||||||||||||||||||||||||||
Total | $ | 404,502 | $ | 2,128 | $ | 1,601 | $ | 843 | $ | 4,572 | $ | 9,986 | $ | 419,060 | |||||||||||||||||||
Still Accruing | |||||||||||||||||||||||||||||||||
Current | 30-59 Days | 60-89 Days | 90 Days+ | Total | Non- | Total | |||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Accrual | Loans | ||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 60,428 | $ | 441 | $ | 63 | $ | 348 | $ | 852 | $ | 908 | $ | 62,188 | |||||||||||||||||||
Real estate - construction | 22,158 | - | - | - | - | 364 | 22,522 | ||||||||||||||||||||||||||
Real estate - mortgage: | |||||||||||||||||||||||||||||||||
Residential | 191,349 | 2,614 | 1,401 | 90 | 4,105 | 8,418 | 203,872 | ||||||||||||||||||||||||||
Commercial | 113,023 | 509 | 97 | - | 606 | 2,105 | 115,734 | ||||||||||||||||||||||||||
Consumer installment | 4,074 | 25 | - | - | 25 | 18 | 4,117 | ||||||||||||||||||||||||||
Total | $ | 391,032 | $ | 3,589 | $ | 1,561 | $ | 438 | $ | 5,588 | $ | 11,813 | $ | 408,433 | |||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Three months ended | |||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
Number of Contracts | Pre-Modification Outstanding | Number of Contracts | Pre-Modification Outstanding | ||||||||||||||||||||||||||||||
Troubled Debt Restructurings | Term Modification | Other | Total | Recorded Investment | Term Modification | Other | Total | Recorded Investment | |||||||||||||||||||||||||
Commercial and industrial | 1 | - | 1 | $ | 137 | 2 | 2 | $ | 13 | ||||||||||||||||||||||||
Real estate- mortgage: | |||||||||||||||||||||||||||||||||
Residential | - | - | - | - | 6 | 1 | 7 | 619 | |||||||||||||||||||||||||
Consumer Installment | - | - | - | - | 1 | - | 1 | 6 | |||||||||||||||||||||||||
Nine months ended | |||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
Number of Contracts | Pre-Modification Outstanding | Number of Contracts | Pre-Modification Outstanding | ||||||||||||||||||||||||||||||
Troubled Debt Restructurings | Term Modification | Other | Total | Recorded Investment | Term Modification | Other | Total | Recorded Investment | |||||||||||||||||||||||||
Commercial and industrial | 6 | - | 6 | $ | 879 | 8 | 1 | 9 | $ | 243 | |||||||||||||||||||||||
Real estate- mortgage: | |||||||||||||||||||||||||||||||||
Residential | 2 | - | 2 | 383 | 8 | 2 | 10 | 946 | |||||||||||||||||||||||||
Consumer Installment | 1 | - | 1 | 644 | 2 | - | 2 | 11 | |||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Nine months ended | |||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings subsequently defaulted | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 565 | 2 | $ | 60 | |||||||||||||||||||||||||||
Real estate- mortgage: | |||||||||||||||||||||||||||||||||
Residential | - | - | 1 | 20 | |||||||||||||||||||||||||||||
Commercial | 1 | 190 | - | - | |||||||||||||||||||||||||||||
Current Quarter [Member] | ' | ||||||||||||||||||||||||||||||||
Note 7 - Loans And Related Allowance For Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Three months ended | |||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings subsequently defaulted | Number of Contracts | Recorded Investment | Number of Contracts | Recorded Investment | |||||||||||||||||||||||||||||
Commercial and industrial | - | $ | - | 1 | $ | 30 | |||||||||||||||||||||||||||
Real estate- mortgage: | |||||||||||||||||||||||||||||||||
Residential | - | - | 1 | 20 |
Note_2_StockBased_Compensation2
Note 2 - Stock-Based Compensation (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
Disclosure Text Block Supplement [Abstract] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares | 0 | 0 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | $0 | $0 |
Note_2_StockBased_Compensation3
Note 2 - Stock-Based Compensation (Details) - Stock Option Activity (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Stock Option Activity [Abstract] | ' | ' |
Outstanding, January 1 | 79,693 | 88,774 |
Outstanding, January 1 (in Dollars per share) | $26.81 | $26.81 |
Exercised | -21,112 | 0 |
Exercised (in Dollars per share) | $24.11 | $0 |
Forfeited | 0 | -420 |
Forfeited (in Dollars per share) | $0 | $36.86 |
Outstanding, September 30 | 58,581 | 88,354 |
Outstanding, September 30 (in Dollars per share) | $28.38 | $26.76 |
Exercisable, September 30 | 58,581 | 88,354 |
Exercisable, September 30 (in Dollars per share) | $28.38 | $26.76 |
Note_3_Earnings_Per_Share_Deta
Note 3 - Earnings Per Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 3 - Earnings Per Share (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 58,581 | 88,354 | 58,581 | 88,354 | 79,693 | 88,774 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit (in Dollars per share) | $17.55 | ' | ' | $17.55 | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit (in Dollars per share) | $40.24 | ' | ' | $40.24 | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 6,930 | 5,682 | 7,981 | 4,236 | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants | ' | 11,332 | ' | 11,332 | ' | ' |
Share Price (in Dollars per share) | ' | $16 | ' | $16 | ' | ' |
Employee Stock Option [Member] | ' | ' | ' | ' | ' | ' |
Note 3 - Earnings Per Share (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 29,633 | 17,536 | 49,394 | 9,000 | ' | ' |
17.55 - 40.24 [Member] | ' | ' | ' | ' | ' | ' |
Note 3 - Earnings Per Share (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 58,581 | 88,354 | 58,581 | 88,354 | ' | ' |
Note_3_Earnings_Per_Share_Deta1
Note 3 - Earnings Per Share (Details) - Shares Used in Calculation of Earnings Per Share | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Shares Used in Calculation of Earnings Per Share [Abstract] | ' | ' | ' | ' |
Weighted average common shares outstanding | 2,212,020 | 2,167,711 | 2,202,747 | 2,077,027 |
Average treasury stock shares | -189,530 | -189,530 | -189,530 | -189,530 |
Weighted average common shares and common stock equivalents used to calculate basic earnings per share | 2,022,490 | 1,978,181 | 2,013,217 | 1,887,497 |
Additional common stock equivalents (stock options) used to calculate diluted earnings per share | 6,930 | 5,682 | 7,981 | 4,236 |
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share | 2,029,420 | 1,983,863 | 2,021,198 | 1,891,733 |
Note_4_Fair_Value_Disclosure_M2
Note 4 - Fair Value Disclosure Measurements (Details) - Assets Measured on a Recurring Basis (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | $180,771 | $194,473 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 0 | 0 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 26,343 | 24,960 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 0 | 0 |
US Government Agencies Debt Securities [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 26,343 | 24,960 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 94,621 | 92,596 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 94,621 | 92,596 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 55,083 | 71,102 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | ' | 0 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 55,083 | 71,102 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 0 | 0 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 3,974 | 5,064 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 0 | 0 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 3,974 | 5,064 |
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 0 | 0 |
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 180,021 | 193,722 |
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 0 | 0 |
Debt Securities [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 180,021 | 193,722 |
Equity Securities in Financial Institutions [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 5 | 5 |
Equity Securities in Financial Institutions [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 745 | 745 |
Equity Securities in Financial Institutions [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 0 | 0 |
Equity Securities in Financial Institutions [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 750 | 750 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 5 | 5 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | 180,766 | 194,467 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets measured on a recurring basis: | ' | ' |
Assets Measured on a Recurring Basis | $0 | $0 |
Note_4_Fair_Value_Disclosure_M3
Note 4 - Fair Value Disclosure Measurements (Details) - Assets Measured on a Nonrecurring Basis (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets measured on a non-recurring basis: | ' | ' |
Impaired loans | $18,007 | $21,288 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets measured on a non-recurring basis: | ' | ' |
Impaired loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets measured on a non-recurring basis: | ' | ' |
Impaired loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets measured on a non-recurring basis: | ' | ' |
Impaired loans | 15,467 | 17,600 |
Other real estate owned | 2,719 | 1,846 |
Estimate of Fair Value Measurement [Member] | ' | ' |
Assets measured on a non-recurring basis: | ' | ' |
Impaired loans | 15,467 | 17,600 |
Other real estate owned | $2,719 | $1,846 |
Note_4_Fair_Value_Disclosure_M4
Note 4 - Fair Value Disclosure Measurements (Details) - Additional Quantitative Information About Assets Measured at Fair Value on Non-Recurring Basis (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | Appraisal Adjustments [Member] | Appraisal Adjustments [Member] | Appraisal Adjustments [Member] | Appraisal Adjustments [Member] | Liquidation Expenses [Member] | Liquidation Expenses [Member] | Appraisal of Collateral [Member] | Appraisal of Collateral [Member] | Appraisal of Collateral [Member] | Appraisal of Collateral [Member] |
Impaired Loans [Member] | Impaired Loans [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Other Real Estate Owned [Member] | Other Real Estate Owned [Member] | Minimum [Member] | Maximum [Member] | |
Impaired Loans [Member] | Impaired Loans [Member] | Impaired Loans [Member] | Impaired Loans [Member] | Other Real Estate Owned [Member] | Other Real Estate Owned [Member] | |||||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimate | $15,467 | $17,600 | ' | ' | ' | ' | $2,719 | $1,846 | ' | ' |
Range | ' | ' | 0.00% | -68.00% | 0.00% | -45.80% | ' | ' | 0.00% | -10.00% |
Note_4_Fair_Value_Disclosure_M5
Note 4 - Fair Value Disclosure Measurements (Details) - Estimated Fair Value of the Companybs Financial Instruments (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | $32,193 | $45,346 | $52,606 | $34,390 |
Cash and cash equivalents | 32,193 | 45,346 | ' | ' |
Investment securities | ' | ' | ' | ' |
Available for sale | 180,771 | 194,472 | ' | ' |
Available for sale | 180,771 | 194,472 | ' | ' |
Net loans | 411,239 | 400,654 | ' | ' |
Net loans | 413,767 | 390,206 | ' | ' |
Bank-owned life insurance | 8,745 | 8,536 | ' | ' |
Federal Home Loan Bank stock | 1,887 | 1,887 | ' | ' |
Accrued interest receivable | 2,565 | 2,163 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 579,222 | 593,335 | ' | ' |
Deposits | 581,082 | 592,704 | ' | ' |
Short-term borrowings | 10,575 | 6,538 | ' | ' |
Short-term borrowings | 10,575 | 6,538 | ' | ' |
Federal funds purchased | 1,639 | ' | ' | ' |
Federal funds purchased | 1,639 | ' | ' | ' |
Other borrowings | 12,261 | 12,970 | ' | ' |
Other borrowings | 12,469 | 13,337 | ' | ' |
Accrued interest payable | 464 | 492 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | 32,193 | 45,346 | ' | ' |
Investment securities | ' | ' | ' | ' |
Available for sale | 5 | 5 | ' | ' |
Available for sale | 5 | 5 | ' | ' |
Net loans | 0 | 0 | ' | ' |
Bank-owned life insurance | 8,745 | 8,536 | ' | ' |
Federal Home Loan Bank stock | 1,887 | 1,887 | ' | ' |
Accrued interest receivable | 2,565 | 2,163 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 398,258 | 396,582 | ' | ' |
Short-term borrowings | 10,575 | 6,538 | ' | ' |
Federal funds purchased | 1,639 | ' | ' | ' |
Other borrowings | 0 | 0 | ' | ' |
Accrued interest payable | 464 | 492 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | ' | ' |
Investment securities | ' | ' | ' | ' |
Available for sale | 180,766 | 194,467 | ' | ' |
Available for sale | 180,766 | 194,467 | ' | ' |
Net loans | 0 | 0 | ' | ' |
Bank-owned life insurance | ' | 0 | ' | ' |
Federal Home Loan Bank stock | ' | 0 | ' | ' |
Accrued interest receivable | 0 | 0 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 0 | 0 | ' | ' |
Short-term borrowings | 0 | 0 | ' | ' |
Federal funds purchased | 0 | ' | ' | ' |
Other borrowings | 0 | 0 | ' | ' |
Accrued interest payable | 0 | 0 | ' | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | ' | ' |
Investment securities | ' | ' | ' | ' |
Available for sale | 0 | 0 | ' | ' |
Available for sale | 0 | 0 | ' | ' |
Net loans | 413,767 | 390,206 | ' | ' |
Bank-owned life insurance | 0 | 0 | ' | ' |
Federal Home Loan Bank stock | 0 | 0 | ' | ' |
Accrued interest receivable | 0 | 0 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 182,824 | 196,122 | ' | ' |
Short-term borrowings | 0 | 0 | ' | ' |
Federal funds purchased | 0 | ' | ' | ' |
Other borrowings | 12,469 | 13,337 | ' | ' |
Accrued interest payable | $0 | $0 | ' | ' |
Note_5_Accumulated_Other_Compr2
Note 5 - Accumulated Other Comprehensive Income (Details) - Changes in Accumulated Other Comprehensive Income (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 30, 2012 | |||||||
Changes in Accumulated Other Comprehensive Income [Abstract] | ' | ' | ' | ' | ' | ' | ' | |||||||
Balance | ($190) | [1] | $5,549 | [1] | $5,391 | $4,541 | [1] | $5,391 | $4,541 | [1] | $5,391 | [1] | ||
Period change | -1,503 | [1] | 453 | [1] | -5,581 | [1] | 1,008 | [1] | -7,084 | 1,461 | ' | |||
Other comprehensive loss before reclassification | -1,503 | [1] | 553 | [1] | -5,466 | [1] | 1,204 | [1] | ' | ' | ' | |||
Amount reclassified from accumulated other comprehensive income | 0 | [1] | -100 | [1] | -115 | [1] | -196 | [1] | ' | ' | ' | |||
Balance | ($1,693) | [1] | $6,002 | [1] | ($190) | [1] | $5,549 | [1] | ($1,693) | [1] | $6,002 | [1] | $5,391 | [1] |
[1] | All amounts are net of tax. Amounts in parentheses indicate debits. |
Note_5_Accumulated_Other_Compr3
Note 5 - Accumulated Other Comprehensive Income (Details) - Amounts Reclassified Out of Accumulated Other Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Unrealized gains on available for sale securities | ' | ' | ' |
$ | $152 | $175 | $448 |
-52 | -60 | -152 | |
$ | $100 | $115 | $296 |
Note_6_Investment_Securities_A2
Note 6 - Investment Securities Available For Sale (Details) (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Note 6 - Investment Securities Available For Sale (Details) [Line Items] | ' | ' |
Available-for-sale Securities Pledged as Collateral | $73,800,000 | $62,500,000 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 103 | ' |
Percentage of Portfolio | 97.00% | ' |
Available-for-sale Securities, Current | 180,771,000 | 194,473,000 |
Available-for-sale Securities, Gross Unrealized Gain | 3,334,000 | 8,427,000 |
Private Label Collateralized Mortgage Obligations [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) [Line Items] | ' | ' |
Available-for-sale Securities, Current | 3,600,000 | ' |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) [Line Items] | ' | ' |
Available-for-sale Securities, Current | 3,974,000 | 5,064,000 |
Available-for-sale Securities, Gross Unrealized Gain | $377,000 | $511,000 |
Note_6_Investment_Securities_A3
Note 6 - Investment Securities Available For Sale (Details) - Amortized Cost and Fair Values of Securities Available for Sale (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Note 6 - Investment Securities Available For Sale (Details) - Amortized Cost and Fair Values of Securities Available for Sale [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | $183,335,000 | $186,305,000 |
Available for Sale Securities Gross Unrealized Gains | 3,334,000 | 8,427,000 |
Available for Sale Securities Gross Unrealized Losses | -5,898,000 | -260,000 |
Available for Sale Securities Fair Value | 180,771,000 | 194,472,000 |
Taxable [Member] | US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) - Amortized Cost and Fair Values of Securities Available for Sale [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 5,364,000 | 6,888,000 |
Available for Sale Securities Gross Unrealized Gains | 215,000 | 738,000 |
Available for Sale Securities Gross Unrealized Losses | -21,000 | 0 |
Available for Sale Securities Fair Value | 5,558,000 | 7,626,000 |
Tax-exempt [Member] | US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) - Amortized Cost and Fair Values of Securities Available for Sale [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 90,441,000 | 80,391,000 |
Available for Sale Securities Gross Unrealized Gains | 1,885,000 | 4,684,000 |
Available for Sale Securities Gross Unrealized Losses | -3,263,000 | -104,000 |
Available for Sale Securities Fair Value | 89,063,000 | 84,971,000 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) - Amortized Cost and Fair Values of Securities Available for Sale [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 27,550,000 | 24,485,000 |
Available for Sale Securities Gross Unrealized Gains | 161,000 | 566,000 |
Available for Sale Securities Gross Unrealized Losses | -1,368,000 | -91,000 |
Available for Sale Securities Fair Value | 26,343,000 | 24,960,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) - Amortized Cost and Fair Values of Securities Available for Sale [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 55,633,000 | 69,238,000 |
Available for Sale Securities Gross Unrealized Gains | 696,000 | 1,929,000 |
Available for Sale Securities Gross Unrealized Losses | -1,246,000 | -65,000 |
Available for Sale Securities Fair Value | 55,083,000 | 71,102,000 |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) - Amortized Cost and Fair Values of Securities Available for Sale [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 3,597,000 | 4,553,000 |
Available for Sale Securities Gross Unrealized Gains | 377,000 | 511,000 |
Available for Sale Securities Gross Unrealized Losses | 0 | 0 |
Available for Sale Securities Fair Value | 3,974,000 | 5,064,000 |
Debt Securities [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) - Amortized Cost and Fair Values of Securities Available for Sale [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 182,585,000 | 185,555,000 |
Available for Sale Securities Gross Unrealized Gains | 3,334,000 | 8,427,000 |
Available for Sale Securities Gross Unrealized Losses | -5,898,000 | -260,000 |
Available for Sale Securities Fair Value | 180,021,000 | 193,723,000 |
Equity Securities in Financial Institutions [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) - Amortized Cost and Fair Values of Securities Available for Sale [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 750,000 | 750,000 |
Available for Sale Securities Gross Unrealized Gains | 0 | 0 |
Available for Sale Securities Gross Unrealized Losses | 0 | 0 |
Available for Sale Securities Fair Value | $750,000 | $750,000 |
Note_6_Investment_Securities_A4
Note 6 - Investment Securities Available For Sale (Details) - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity [Abstract] | ' |
Due in one year or less | $2,736 |
Due in one year or less | 2,768 |
Due after one year through five years | 4,071 |
Due after one year through five years | 4,261 |
Due after five years through ten years | 21,891 |
Due after five years through ten years | 21,963 |
Due after ten years | 153,887 |
Due after ten years | 151,029 |
Total | 182,585 |
Total | $180,021 |
Note_6_Investment_Securities_A5
Note 6 - Investment Securities Available For Sale (Details) - Sales of Available for Sale Securities (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Sales of Available for Sale Securities [Abstract] | ' | ' | ' |
Proceeds from sales | $5,622 | $8,136 | $27,426 |
Gross realized gains | 154 | 204 | 462 |
Gross realized losses | ($2) | ($29) | ($14) |
Note_6_Investment_Securities_A6
Note 6 - Investment Securities Available For Sale (Details) - Gross Unrealized Losses and Fair Value (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Note 6 - Investment Securities Available For Sale (Details) - Gross Unrealized Losses and Fair Value [Line Items] | ' | ' |
Securities in Continuous Unrealized Loss Position Less than Twelve Months Fair Value | $78,393 | $31,531 |
Securities in Continuous Unrealized Loss Position Less than Twelve Months Gross Unrealized Losses | -5,673 | -260 |
Securities in Continuous Unrealized Loss Position Twelve Months or Greater Fair Value | 6,167 | 0 |
Securities in Continuous Unrealized Loss Position Twelve Months or Greater Gross Unrealized Losses | -225 | 0 |
Securities in Continuous Unrealized Loss Position Fair Value | 84,560 | 31,531 |
Securities in Continuous Unrealized Loss Position Gross Unrealized Losses | -5,898 | -260 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) - Gross Unrealized Losses and Fair Value [Line Items] | ' | ' |
Securities in Continuous Unrealized Loss Position Less than Twelve Months Fair Value | 17,408 | 9,938 |
Securities in Continuous Unrealized Loss Position Less than Twelve Months Gross Unrealized Losses | -1,368 | -91 |
Securities in Continuous Unrealized Loss Position Twelve Months or Greater Fair Value | 0 | 0 |
Securities in Continuous Unrealized Loss Position Twelve Months or Greater Gross Unrealized Losses | 0 | 0 |
Securities in Continuous Unrealized Loss Position Fair Value | 17,408 | 9,938 |
Securities in Continuous Unrealized Loss Position Gross Unrealized Losses | -1,368 | -91 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) - Gross Unrealized Losses and Fair Value [Line Items] | ' | ' |
Securities in Continuous Unrealized Loss Position Less than Twelve Months Fair Value | 30,690 | 9,240 |
Securities in Continuous Unrealized Loss Position Less than Twelve Months Gross Unrealized Losses | -3,244 | -104 |
Securities in Continuous Unrealized Loss Position Twelve Months or Greater Fair Value | 448 | 0 |
Securities in Continuous Unrealized Loss Position Twelve Months or Greater Gross Unrealized Losses | -40 | 0 |
Securities in Continuous Unrealized Loss Position Fair Value | 31,138 | 9,240 |
Securities in Continuous Unrealized Loss Position Gross Unrealized Losses | -3,284 | -104 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Note 6 - Investment Securities Available For Sale (Details) - Gross Unrealized Losses and Fair Value [Line Items] | ' | ' |
Securities in Continuous Unrealized Loss Position Less than Twelve Months Fair Value | 30,295 | 12,353 |
Securities in Continuous Unrealized Loss Position Less than Twelve Months Gross Unrealized Losses | -1,061 | -65 |
Securities in Continuous Unrealized Loss Position Twelve Months or Greater Fair Value | 5,719 | 0 |
Securities in Continuous Unrealized Loss Position Twelve Months or Greater Gross Unrealized Losses | -185 | 0 |
Securities in Continuous Unrealized Loss Position Fair Value | 36,014 | 12,353 |
Securities in Continuous Unrealized Loss Position Gross Unrealized Losses | ($1,246) | ($65) |
Note_7_Loans_And_Related_Allow2
Note 7 - Loans And Related Allowance For Loan Losses (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Note 7 - Loans And Related Allowance For Loan Losses (Details) [Line Items] | ' | ' |
Number of Days Past Due | 90 | ' |
Loans and Leases Receivable, Allowance | $7,821,000 | $7,779,000 |
Shift From Commercial and Industrial Specific Reserve | 660,000 | ' |
Threshold for Loans Evaluated for Impairment [Member] | Outside Consultant [Member] | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Commercial | 250,000 | ' |
Threshold for Loans Evaluated for Impairment [Member] | Criticized Relationships [Member] | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) [Line Items] | ' | ' |
Financing Receivable, Gross | 125,000 | ' |
Threshold for Loans Evaluated for Impairment [Member] | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) [Line Items] | ' | ' |
Notes, Loans and Financing Receivable, Gross, Current | 150,000 | ' |
Loans and Leases Receivable, Gross, Commercial | 200,000 | ' |
Commercial and Industrial [Member] | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Allowance | 788,000 | 1,700,000 |
Residential Real Estate Mortgage [Member] | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Allowance | $3,600,000 | $2,900,000 |
Note_7_Loans_And_Related_Allow3
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Major Classifications of Net Loans (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable Gross | $419,060,000 | $408,433,000 |
Less allowance for loan losses | 7,821,000 | 7,779,000 |
Net loans | 411,239,000 | 400,654,000 |
Commercial and Industrial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable Gross | 50,265,000 | 62,188,000 |
Less allowance for loan losses | 788,000 | 1,700,000 |
Real Estate Construction [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable Gross | 25,487,000 | 22,522,000 |
Residential Real Estate Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable Gross | 203,312,000 | 203,872,000 |
Less allowance for loan losses | 3,600,000 | 2,900,000 |
Commercial Real Estate Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable Gross | 135,760,000 | 115,734,000 |
Consumer Installment [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable Gross | $4,236,000 | $4,117,000 |
Note_7_Loans_And_Related_Allow4
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Primary Segments of the Loan Portfolio (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loans: | ' | ' |
Individually evaluated for impairment | $18,007 | $21,288 |
Collectively evaluated for impairment | 401,053 | 387,145 |
Total loans | 419,060 | 408,433 |
Commercial and Industrial [Member] | ' | ' |
Loans: | ' | ' |
Individually evaluated for impairment | 1,483 | 4,592 |
Collectively evaluated for impairment | 48,782 | 57,596 |
Total loans | 50,265 | 62,188 |
Real Estate Construction [Member] | ' | ' |
Loans: | ' | ' |
Individually evaluated for impairment | 3,963 | 3,993 |
Collectively evaluated for impairment | 21,524 | 18,529 |
Total loans | 25,487 | 22,522 |
Residential Real Estate Mortgage [Member] | ' | ' |
Loans: | ' | ' |
Individually evaluated for impairment | 5,766 | 5,761 |
Collectively evaluated for impairment | 197,546 | 198,111 |
Total loans | 203,312 | 203,872 |
Commercial Real Estate Mortgage [Member] | ' | ' |
Loans: | ' | ' |
Individually evaluated for impairment | 6,787 | 6,914 |
Collectively evaluated for impairment | 128,973 | 108,820 |
Total loans | 135,760 | 115,734 |
Consumer Installment [Member] | ' | ' |
Loans: | ' | ' |
Individually evaluated for impairment | 8 | 28 |
Collectively evaluated for impairment | 4,228 | 4,089 |
Total loans | $4,236 | $4,117 |
Note_7_Loans_And_Related_Allow5
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Allowance for Loan Losses (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Jun. 30, 2013 | Jun. 30, 2012 | Dec. 31, 2011 | |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | $2,540,000 | ' | ' | $3,688,000 | ' | ' | ' |
Collectively evaluated for impairment | 5,281,000 | ' | ' | 4,091,000 | ' | ' | ' |
Allowance balance | 7,821,000 | ' | ' | 7,779,000 | ' | ' | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 195,000 | ' | ' | 1,189,000 | ' | ' | ' |
Collectively evaluated for impairment | 593,000 | ' | ' | 543,000 | ' | ' | ' |
Allowance balance | 788,000 | ' | ' | 1,700,000 | ' | ' | ' |
Commercial and Industrial [Member] | End of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | 788,000 | 1,704,000 | 1,704,000 | 1,732,000 | ' | ' | ' |
Commercial and Industrial [Member] | Beginning of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | ' | ' | ' | 1,732,000 | 875,000 | 1,626,000 | 1,296,000 |
Charge-offs | 0 | -60,000 | -88,000 | -325,000 | ' | ' | ' |
Recoveries | ' | 1,000 | 70,000 | 92,000 | ' | ' | ' |
Provision | -87,000 | 137,000 | 426,000 | -711,000 | ' | ' | ' |
Real Estate Construction [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 859,000 | ' | ' | 933,000 | ' | ' | ' |
Collectively evaluated for impairment | 440,000 | ' | ' | 190,000 | ' | ' | ' |
Real Estate Construction [Member] | End of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | 1,299,000 | 445,000 | 445,000 | 1,123,000 | ' | ' | ' |
Real Estate Construction [Member] | Beginning of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | ' | ' | ' | 1,123,000 | 1,191,000 | 504,000 | 438,000 |
Charge-offs | ' | 0 | 0 | -190,000 | ' | ' | ' |
Recoveries | 0 | 0 | 0 | 33,000 | ' | ' | ' |
Provision | 108,000 | -59,000 | 7,000 | 333,000 | ' | ' | ' |
Residential Real Estate Mortgage [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 896,000 | ' | ' | 600,000 | ' | ' | ' |
Collectively evaluated for impairment | 2,743,000 | ' | ' | 2,272,000 | ' | ' | ' |
Allowance balance | 3,600,000 | ' | ' | 2,900,000 | ' | ' | ' |
Residential Real Estate Mortgage [Member] | End of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | 3,639,000 | 2,953,000 | 2,953,000 | 2,872,000 | ' | ' | ' |
Residential Real Estate Mortgage [Member] | Beginning of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | ' | ' | ' | 2,872,000 | 3,626,000 | 4,109,000 | 3,731,000 |
Charge-offs | -87,000 | -570,000 | -668,000 | -432,000 | ' | ' | ' |
Recoveries | 2,000 | 12,000 | 15,000 | 73,000 | ' | ' | ' |
Provision | 98,000 | -598,000 | -125,000 | 1,126,000 | ' | ' | ' |
Commercial Real Estate Mortgage [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 590,000 | ' | ' | 960,000 | ' | ' | ' |
Collectively evaluated for impairment | 1,483,000 | ' | ' | 1,031,000 | ' | ' | ' |
Commercial Real Estate Mortgage [Member] | End of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | 2,073,000 | 2,055,000 | 2,055,000 | 1,991,000 | ' | ' | ' |
Commercial Real Estate Mortgage [Member] | Beginning of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | ' | ' | ' | 1,991,000 | 2,005,000 | 1,492,000 | 1,306,000 |
Charge-offs | 0 | -70,000 | -123,000 | 0 | ' | ' | ' |
Recoveries | 0 | 0 | 0 | 46,000 | ' | ' | ' |
Provision | 68,000 | 633,000 | 872,000 | 36,000 | ' | ' | ' |
Consumer Installment [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | ' | 6,000 | ' | ' | ' |
Collectively evaluated for impairment | 22,000 | ' | ' | 55,000 | ' | ' | ' |
Consumer Installment [Member] | End of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | 22,000 | 16,000 | 16,000 | 61,000 | ' | ' | ' |
Consumer Installment [Member] | Beginning of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | ' | ' | ' | 61,000 | 52,000 | 21,000 | 48,000 |
Charge-offs | -5,000 | -40,000 | -62,000 | -41,000 | ' | ' | ' |
Recoveries | 9,000 | 5,000 | 17,000 | 20,000 | ' | ' | ' |
Provision | -34,000 | 30,000 | 13,000 | -18,000 | ' | ' | ' |
End of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | 7,821,000 | 7,173,000 | 7,173,000 | 7,779,000 | ' | ' | ' |
Beginning of Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' | ' |
Allowance balance | ' | ' | ' | 7,779,000 | 7,749,000 | 7,752,000 | 6,819,000 |
Charge-offs | -92,000 | -740,000 | -941,000 | -988,000 | ' | ' | ' |
Recoveries | 11,000 | 18,000 | 102,000 | 264,000 | ' | ' | ' |
Provision | $153,000 | $143,000 | $1,193,000 | $766,000 | ' | ' | ' |
Note_7_Loans_And_Related_Allow6
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Impaired Loans by Class (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans with no related allowance recorded investment | $7,404 | $8,408 |
Impaired loans with no related allowance unpaid principal balance | 7,444 | 8,441 |
Impaired loans with related allowance recorded investment | 10,603 | 12,880 |
Impaired loans with related allowance unpaid principal balance | 10,642 | 12,899 |
Impaired loans, related allowance | 2,540 | 3,688 |
Impaired loans recorded investment | 18,007 | 21,288 |
Impaired loans unpaid principal balance | 18,086 | 21,340 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans with no related allowance recorded investment | 932 | 1,230 |
Impaired loans with no related allowance unpaid principal balance | 932 | 1,229 |
Impaired loans with related allowance recorded investment | 551 | ' |
Impaired loans with related allowance unpaid principal balance | 551 | ' |
Impaired loans, related allowance | 195 | 1,189 |
Impaired loans recorded investment | 1,483 | 4,592 |
Impaired loans unpaid principal balance | 1,483 | 4,596 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans with no related allowance recorded investment | 142 | 308 |
Impaired loans with no related allowance unpaid principal balance | 142 | 308 |
Impaired loans with related allowance recorded investment | 3,821 | 3,685 |
Impaired loans with related allowance unpaid principal balance | 3,821 | 3,685 |
Impaired loans, related allowance | 859 | 933 |
Impaired loans recorded investment | 3,963 | 3,993 |
Impaired loans unpaid principal balance | 3,963 | 3,993 |
Residential Real Estate Mortgage [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans with no related allowance recorded investment | 2,755 | 2,716 |
Impaired loans with no related allowance unpaid principal balance | 2,795 | 2,729 |
Impaired loans with related allowance recorded investment | 3,011 | 3,045 |
Impaired loans with related allowance unpaid principal balance | 3,050 | 3,054 |
Impaired loans, related allowance | 896 | 600 |
Impaired loans recorded investment | 5,766 | 5,761 |
Impaired loans unpaid principal balance | 5,845 | 5,783 |
Commercial Real Estate Mortgage [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans with no related allowance recorded investment | 3,567 | 4,143 |
Impaired loans with no related allowance unpaid principal balance | 3,567 | 4,164 |
Impaired loans with related allowance recorded investment | 3,220 | 2,771 |
Impaired loans with related allowance unpaid principal balance | 3,220 | 2,776 |
Impaired loans, related allowance | 590 | 960 |
Impaired loans recorded investment | 6,787 | 6,914 |
Impaired loans unpaid principal balance | 6,787 | 6,940 |
Consumer Installment [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans with no related allowance recorded investment | 8 | 11 |
Impaired loans with no related allowance unpaid principal balance | 8 | 11 |
Impaired loans with related allowance recorded investment | ' | 17 |
Impaired loans with related allowance unpaid principal balance | ' | 17 |
Impaired loans, related allowance | ' | 6 |
Impaired loans recorded investment | 8 | 28 |
Impaired loans unpaid principal balance | 8 | 28 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired loans with related allowance recorded investment | ' | 3,362 |
Impaired loans with related allowance unpaid principal balance | ' | 3,367 |
Impaired loans, related allowance | ' | $1,189 |
Note_7_Loans_And_Related_Allow7
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Additional Information on Impaired Loans (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Additional Information on Impaired Loans [Line Items] | ' | ' | ' | ' |
Impaired loans, average recorded investment | $2,085 | $2,535 | $2,286 | $2,170 |
Impaired loans, interest income recognized | 8 | 139 | 78 | 170 |
Real Estate Construction [Member] | ' | ' | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Additional Information on Impaired Loans [Line Items] | ' | ' | ' | ' |
Impaired loans, average recorded investment | 3,731 | 2,305 | 3,654 | 2,400 |
Impaired loans, interest income recognized | 43 | ' | 138 | 113 |
Residential Real Estate Mortgage [Member] | ' | ' | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Additional Information on Impaired Loans [Line Items] | ' | ' | ' | ' |
Impaired loans, average recorded investment | 5,351 | 3,622 | 5,213 | 3,764 |
Impaired loans, interest income recognized | 81 | 85 | 224 | 169 |
Commercial Real Estate Mortgage [Member] | ' | ' | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Additional Information on Impaired Loans [Line Items] | ' | ' | ' | ' |
Impaired loans, average recorded investment | 6,403 | 3,597 | 6,275 | 3,985 |
Impaired loans, interest income recognized | 138 | 200 | 355 | 324 |
Consumer Installment [Member] | ' | ' | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Additional Information on Impaired Loans [Line Items] | ' | ' | ' | ' |
Impaired loans, average recorded investment | 13 | 13 | 15 | 27 |
Impaired loans, interest income recognized | ' | $1 | $1 | $2 |
Note_7_Loans_And_Related_Allow8
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Classes of the Loan Portfolio Summarized by Credit Quality (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | $419,060 | $408,433 |
Commercial and Industrial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 48,085 | 59,390 |
Commercial and Industrial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 873 | 678 |
Commercial and Industrial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 1,264 | 2,061 |
Commercial and Industrial [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 43 | 59 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 50,265 | 62,188 |
Real Estate Construction [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 20,615 | 17,601 |
Real Estate Construction [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 912 | 0 |
Real Estate Construction [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 3,960 | 4,921 |
Real Estate Construction [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 0 | 0 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 25,487 | 22,522 |
Residential Real Estate Mortgage [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 190,408 | 190,967 |
Residential Real Estate Mortgage [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 964 | 758 |
Residential Real Estate Mortgage [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 11,940 | 12,147 |
Residential Real Estate Mortgage [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 0 | 0 |
Residential Real Estate Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 203,312 | 203,872 |
Commercial Real Estate Mortgage [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 127,634 | 106,509 |
Commercial Real Estate Mortgage [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 2,256 | 1,928 |
Commercial Real Estate Mortgage [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 5,870 | 7,297 |
Commercial Real Estate Mortgage [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 0 | 0 |
Commercial Real Estate Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 135,760 | 115,734 |
Consumer Installment [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 4,218 | 4,084 |
Consumer Installment [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 0 | 0 |
Consumer Installment [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 18 | 33 |
Consumer Installment [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 0 | 0 |
Consumer Installment [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 4,236 | 4,117 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 390,960 | 378,551 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 5,005 | 3,364 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | 23,052 | 26,459 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable | $43 | $59 |
Note_7_Loans_And_Related_Allow9
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Past Due Financing Receivables (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing Receivable Current | $404,502 | $391,032 |
Financing Receivable 30-59 Days Past Due | 2,128 | 3,589 |
Financing Receivable 60-89 Days Past Due | 1,601 | 1,561 |
Financing Receivable 90 Days + Past Due | 843 | 438 |
Financing Receivable Total Past Due | 4,572 | 5,588 |
Financing Receivable Non-Accrual | 9,986 | 11,813 |
Financing Receivable | 419,060 | 408,433 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing Receivable Current | 49,234 | 60,428 |
Financing Receivable 30-59 Days Past Due | 656 | 441 |
Financing Receivable 60-89 Days Past Due | 56 | 63 |
Financing Receivable 90 Days + Past Due | 83 | 348 |
Financing Receivable Total Past Due | 795 | 852 |
Financing Receivable Non-Accrual | 236 | 908 |
Financing Receivable | 50,265 | 62,188 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing Receivable Current | 24,594 | 22,158 |
Financing Receivable 30-59 Days Past Due | 17 | 0 |
Financing Receivable 60-89 Days Past Due | 876 | 0 |
Financing Receivable 90 Days + Past Due | 0 | 0 |
Financing Receivable Total Past Due | 893 | 0 |
Financing Receivable Non-Accrual | ' | 364 |
Financing Receivable | 25,487 | 22,522 |
Residential Real Estate Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing Receivable Current | 192,461 | 191,349 |
Financing Receivable 30-59 Days Past Due | 1,414 | 2,614 |
Financing Receivable 60-89 Days Past Due | 666 | 1,401 |
Financing Receivable 90 Days + Past Due | 414 | 90 |
Financing Receivable Total Past Due | 2,494 | 4,105 |
Financing Receivable Non-Accrual | 8,357 | 8,418 |
Financing Receivable | 203,312 | 203,872 |
Commercial Real Estate Mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing Receivable Current | 134,030 | 113,023 |
Financing Receivable 30-59 Days Past Due | 0 | 509 |
Financing Receivable 60-89 Days Past Due | 0 | 97 |
Financing Receivable 90 Days + Past Due | 346 | 0 |
Financing Receivable Total Past Due | 346 | 606 |
Financing Receivable Non-Accrual | 1,384 | 2,105 |
Financing Receivable | 135,760 | 115,734 |
Consumer Installment [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing Receivable Current | 4,182 | 4,074 |
Financing Receivable 30-59 Days Past Due | 41 | 25 |
Financing Receivable 60-89 Days Past Due | 3 | 0 |
Financing Receivable 90 Days + Past Due | 0 | 0 |
Financing Receivable Total Past Due | 44 | 25 |
Financing Receivable Non-Accrual | 10 | 18 |
Financing Receivable | $4,236 | $4,117 |
Recovered_Sheet1
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Troubled Debt Restructurings (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Commercial and Industrial [Member] | Term Modification [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Trouble Debt Restructurings Number of Contracts | 1 | 2 | 6 | 8 |
Commercial and Industrial [Member] | Other Modification [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Trouble Debt Restructurings Number of Contracts | ' | ' | ' | 1 |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Trouble Debt Restructurings Number of Contracts | 1 | 2 | 6 | 9 |
Troubled Debt Restructurings Pre-Modification Outstanding Recorded Investment (in Dollars) | 137 | 13 | 879 | 243 |
Residential Real Estate Mortgage [Member] | Term Modification [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Trouble Debt Restructurings Number of Contracts | ' | 6 | 2 | 8 |
Residential Real Estate Mortgage [Member] | Other Modification [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Trouble Debt Restructurings Number of Contracts | ' | 1 | ' | 2 |
Residential Real Estate Mortgage [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Trouble Debt Restructurings Number of Contracts | ' | 7 | 2 | 10 |
Troubled Debt Restructurings Pre-Modification Outstanding Recorded Investment (in Dollars) | ' | 619 | 383 | 946 |
Consumer Installment [Member] | Term Modification [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Trouble Debt Restructurings Number of Contracts | ' | 1 | 1 | 2 |
Consumer Installment [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Trouble Debt Restructurings Number of Contracts | ' | 1 | 1 | 2 |
Troubled Debt Restructurings Pre-Modification Outstanding Recorded Investment (in Dollars) | ' | 6 | 644 | 11 |
Recovered_Sheet2
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Troubled Debt Restructurings That Subsequently Defaulted During Current Quarter (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Commercial and Industrial [Member] | ' | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Troubled Debt Restructurings That Subsequently Defaulted During Current Quarter [Line Items] | ' | ' | ' |
Troubled Debt Restructurings Subsequently Defaulted Number of Contracts | 1 | 1 | 2 |
Troubled Debt Restructurings Subsequently Defaulted Recorded Investment (in Dollars) | $30 | $565 | $60 |
Residential Real Estate Mortgage [Member] | ' | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Troubled Debt Restructurings That Subsequently Defaulted During Current Quarter [Line Items] | ' | ' | ' |
Troubled Debt Restructurings Subsequently Defaulted Number of Contracts | 1 | ' | 1 |
Troubled Debt Restructurings Subsequently Defaulted Recorded Investment (in Dollars) | $20 | ' | $20 |
Recovered_Sheet3
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Troubled Debt Restructurings That Subsequently Defaulted Year to Date (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Commercial and Industrial [Member] | ' | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Troubled Debt Restructurings That Subsequently Defaulted Year to Date [Line Items] | ' | ' | ' |
Troubled Debt Restructurings Subsequently Defaulted Number of Contacts | 1 | 1 | 2 |
Troubled Debt Restructurings Subsequently Defaulted Recorded Investment (in Dollars) | $30 | $565 | $60 |
Residential Real Estate Mortgage [Member] | ' | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Troubled Debt Restructurings That Subsequently Defaulted Year to Date [Line Items] | ' | ' | ' |
Troubled Debt Restructurings Subsequently Defaulted Number of Contacts | 1 | ' | 1 |
Troubled Debt Restructurings Subsequently Defaulted Recorded Investment (in Dollars) | 20 | ' | 20 |
Commercial Real Estate Mortgage [Member] | ' | ' | ' |
Note 7 - Loans And Related Allowance For Loan Losses (Details) - Troubled Debt Restructurings That Subsequently Defaulted Year to Date [Line Items] | ' | ' | ' |
Troubled Debt Restructurings Subsequently Defaulted Number of Contacts | ' | 1 | ' |
Troubled Debt Restructurings Subsequently Defaulted Recorded Investment (in Dollars) | ' | $190 | ' |