Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Jul. 31, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Capitol Bancorp Ltd. | ' |
Entity Central Index Key | '0000840264 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Entity Voluntary Filers | 'No | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 0 |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $22,282 | $43,727 |
Money market and interest-bearing deposits | 192,849 | 214,340 |
Cash and cash equivalents | 215,131 | 258,067 |
Loans held for sale | 73 | 0 |
Investment securities -- Note E: | ' | ' |
Available for sale, carried at fair value | 14,552 | 15,662 |
Federal Home Loan Bank and Federal Reserve Bank stock (carried on the basis of cost) -- Note E | 6,262 | 7,456 |
Portfolio loans, less allowance for loan losses of $32,265 in 2013 and $51,508 in 2012 -- Note F | 672,463 | 879,817 |
Premises and equipment | 15,563 | 17,715 |
Accrued interest income | 2,256 | 3,038 |
Other real estate owned | 47,783 | 63,242 |
Other assets | 10,122 | 14,438 |
Assets of discontinued operations -- Note G | 0 | 361,867 |
TOTAL ASSETS | 984,205 | 1,621,302 |
Deposits: | ' | ' |
Noninterest-bearing deposits | 190,745 | 246,538 |
Interest-bearing | 723,744 | 947,603 |
Total deposits | 914,489 | 1,194,141 |
Debt obligations: | ' | ' |
Notes Payable With Other Borrowings | 8,908 | 5,426 |
Accrued interest on deposits and other liabilities -- Note B | 7,748 | 4,970 |
Liabilities of discontinued operations -- Note G | 0 | 354,020 |
Liabilities subject to compromise -- Note B | 195,723 | 200,293 |
Total liabilities | 1,126,868 | 1,758,850 |
Capitol Bancorp Limited stockholders' equity -- Note N: | ' | ' |
Preferred stock (Series A), 700,000 shares authorized ($100 per-share liquidation preference), 50,980 shares issued and outstanding | 5,098 | 5,098 |
Preferred stock (for potential future issuance), 19,300,000 shares authorized (none issued and outstanding) | 0 | 0 |
Common stock, no par value, 1,500,000,000 shares authorized; issued and outstanding: 2013 - 41,171,479 shares; 2012 - 41,177,479 shares | 292,090 | 292,092 |
Retained-earnings deficit | -422,892 | -424,022 |
Undistributed common stock held by employee-benefit trust | -541 | -541 |
Accumulated other comprehensive income (loss) | -173 | 72 |
Total Capitol Bancorp Limited stockholders' equity deficit | -126,418 | -127,301 |
Noncontrolling interests in consolidated subsidiaries | -16,245 | -10,247 |
Total equity deficit | -142,663 | -137,548 |
TOTAL LIABILITIES AND EQUITY | $984,205 | $1,621,302 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
ASSETS | ' | ' |
Loans And Leases Receivable | $32,265 | $51,508 |
Capitol Bancorp Limited stockholders' equity -- Note N: | ' | ' |
Preferred Stock, Shares Authorized (in shares)-Series A | 700,000 | 700,000 |
Preferred Stock, Liquidation Preference Per Share (in dollars per share)-Series A | $100 | $100 |
Preferred Stock, Shares Issued (in shares) | 50,980 | 50,980 |
Preferred Stock, Shares Outstanding (in shares)-Series A | 50,980 | 50,980 |
Preferred Stock, Shares Authorized for Potential Future Issuance (in shares) | 19,300,000 | 19,300,000 |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $0 | $0 |
Common Stock, Shares Authorized (in shares) | 1,500,000,000 | 1,500,000,000 |
Common Stock, Shares, Issued (in shares) | 41,171,479 | 41,177,479 |
Common Stock, Shares, Outstanding (in shares) | 41,171,479 | 41,177,479 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations (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: | ' | ' | ' | ' |
Portfolio loans (including fees) | $10,212 | $14,440 | $33,087 | $44,562 |
Loans held for sale | 2 | 19 | 3 | 39 |
Taxable investment securities | 33 | 40 | 108 | 127 |
Other | 189 | 221 | 552 | 712 |
Total interest income | 10,436 | 14,720 | 33,750 | 45,440 |
Interest expense: | ' | ' | ' | ' |
Deposits | 1,419 | 2,305 | 4,826 | 7,832 |
Debt obligations and other | 85 | 998 | 281 | 6,618 |
Total interest expense | 1,504 | 3,303 | 5,107 | 14,450 |
Net interest income | 8,932 | 11,417 | 28,643 | 30,990 |
Provision for loan losses -- Note F | 3 | 277 | -12,183 | 791 |
Net interest income after provision for loan losses | 8,929 | 11,140 | 40,826 | 30,199 |
Noninterest income: | ' | ' | ' | ' |
Service charges on deposit accounts | 385 | 483 | 1,130 | 1,479 |
Trust and wealth-management revenue | 667 | 735 | 2,117 | 2,159 |
Fees from origination of non-portfolio residential mortgage loans | 49 | 199 | 175 | 503 |
Gain on sale of government-guaranteed loans | 0 | 0 | 0 | 344 |
Other | 1,488 | 3,646 | 5,197 | 6,819 |
Total noninterest income | 2,589 | 5,063 | 8,619 | 11,304 |
Noninterest expense: | ' | ' | ' | ' |
Salaries and employee benefits | 6,263 | 8,209 | 20,819 | 25,595 |
Occupancy | 1,512 | 1,637 | 4,712 | 5,014 |
Equipment rent, depreciation and maintenance | 803 | 1,102 | 2,794 | 3,540 |
Costs (income) associated with foreclosed properties and other real estate owned | 1,048 | 1,170 | 2,454 | 6,748 |
FDIC insurance premiums and other regulatory fees | 650 | 1,110 | 2,501 | 3,564 |
Other | 2,124 | 4,133 | 9,395 | 11,710 |
Total noninterest expense | 12,400 | 17,361 | 42,675 | 56,171 |
Income (loss) before reorganization items and income taxes (benefit) | -882 | -1,158 | 6,770 | -14,668 |
Reorganization items -- Note B | 360 | 2,746 | 2,195 | 2,746 |
Income (loss) before income taxes benefit | -1,242 | -3,904 | 4,575 | -17,414 |
Income taxes benefit | 0 | 48 | -1,547 | 4 |
Income (loss) from continuing operations | -1,242 | -3,952 | 6,122 | -17,418 |
Discontinued operations -- Note G: | ' | ' | ' | ' |
Income (loss) from operations of bank subsidiaries discontinued | 92 | -1,432 | 458 | -6,189 |
Gain (loss) on bank subsidiaries discontinued | -4,653 | 29 | -5,911 | 155 |
Less income tax expense | 0 | 39 | 0 | 101 |
Income (loss) from discontinued operations | -4,561 | -1,442 | -5,453 | -6,135 |
NET INCOME (LOSS) | -5,803 | -5,394 | 669 | -23,553 |
Net losses attributable to noncontrolling interests in consolidated subsidiaries | 100 | 471 | 461 | 1,829 |
NET INCOME (LOSS) ATTRIBUTABLE TO CAPITOL BANCORP LIMITED | ($5,703) | ($4,923) | $1,130 | ($21,724) |
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CAPITOL BANCORP LIMITED - Note J | ($0.14) | ($0.12) | $0.03 | ($0.53) |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Other Comprehensive Income (Loss) (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 |
Statement of Income and Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income (loss) | ($5,803) | ($5,394) | $669 | ($23,553) |
Other Comprehensive Income (Loss), Net of Tax: | ' | ' | ' | ' |
Unrealized gains (losses) arising during the period | -180 | 27 | -245 | 18 |
COMPREHENSIVE INCOME (LOSS) | -5,983 | -5,367 | 424 | -23,535 |
Comprehensive loss attributable to noncontrolling interests in consolidated subsidiaries | 100 | 471 | 461 | 1,829 |
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CAPITOL BANCORP LIMITED | ($5,883) | ($4,896) | $885 | ($21,706) |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Changes in Equity (Unaudited) (USD $) | Preferred Stock [Member] | Common Stock [Member] | Retained Earnings (Deficit) [Member] | Undistributed Common Stock Held by Employee Benefit Trust [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total Capitol Bancorp Limited Stockholders' Equity [Member] | Noncontrolling Interests to Consolidated Subsidiaries [Member] | Total |
In Thousands | ||||||||
Balances at Dec. 31, 2011 (Previously Reported [Member]) | $5,098 | $292,135 | ($404,846) | ($541) | $70 | ($108,084) | ($563) | ($108,647) |
Balances (Effect of Change In Accounting Principle [Member]) | ' | ' | 4,128 | ' | ' | 4,128 | ' | 4,128 |
Balances at Dec. 31, 2011 | 5,098 | 292,135 | -400,718 | -541 | 70 | -103,956 | -563 | -104,519 |
Reduction in noncontrolling interest of sold subsidiaries | ' | ' | ' | ' | ' | 0 | -7,360 | -7,360 |
Reduction in investment of subsidiaries due to change in ownership | ' | ' | -144 | ' | ' | -144 | 144 | 0 |
Issuance of shares of common stock upon exercise of stock options | ' | 1 | ' | ' | ' | 1 | ' | 1 |
Surrender of shares of common stock to facilitate vesting of restricted stock | ' | 0 | ' | ' | ' | 0 | ' | 0 |
Reversal of compensation expense relating to forfeited restricted common stock and stock options | ' | -86 | ' | ' | ' | -86 | ' | -86 |
Recognition of compensation expense relating to restricted common stock and stock options | ' | 72 | ' | ' | ' | 72 | ' | 72 |
Tax effect of share-based payments | ' | -29 | ' | ' | ' | -29 | ' | -29 |
Net income (loss) | ' | ' | -21,724 | ' | ' | -21,724 | -1,829 | -23,553 |
Other comprehensive loss | ' | ' | ' | ' | 18 | 18 | ' | 18 |
Balances at Sep. 30, 2012 | 5,098 | 292,093 | -422,586 | -541 | 88 | -125,848 | -9,608 | -135,456 |
Balances at Dec. 31, 2012 (Previously Reported [Member]) | 5,098 | 292,092 | -430,590 | -541 | 72 | -133,869 | -10,247 | -144,116 |
Balances (Effect of Change In Accounting Principle [Member]) | ' | ' | 6,568 | ' | ' | 6,568 | ' | 6,568 |
Balances at Dec. 31, 2012 | 5,098 | 292,092 | -424,022 | -541 | 72 | -127,301 | -10,247 | -137,548 |
Reduction in noncontrolling interest of sold subsidiaries | ' | ' | ' | ' | ' | 0 | -47 | -47 |
Reduction in investment of subsidiaries due to change in ownership | ' | ' | ' | ' | ' | 0 | -5,490 | -5,490 |
Reversal of compensation expense relating to forfeited restricted common stock and stock options | ' | -6 | ' | ' | ' | -6 | ' | -6 |
Recognition of compensation expense relating to restricted common stock and stock options | ' | 4 | ' | ' | ' | 4 | ' | 4 |
Net income (loss) | ' | ' | 1,130 | ' | ' | 1,130 | -461 | 669 |
Other comprehensive loss | ' | ' | ' | ' | -245 | -245 | ' | -245 |
Balances at Sep. 30, 2013 | $5,098 | $292,090 | ($422,892) | ($541) | ($173) | ($126,418) | ($16,245) | ($142,663) |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Changes in Equity (Unaudited) (Parenthetical) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Condensed Consolidated Statements of Changes in Equity (Unaudited) (Parenthetical) [Abstract] | ' | ' |
Surrender of common stock to facilitate vesting of restricted stock, (in shares) | ' | 1,897 |
Reversal of compensation expense relating to forfeited restricted common stock and stock options (in shares) | 6,000 | 5,500 |
Issuance of shares of common stock upon exercise of stock options | ' | 145,609 |
Condensed_Consolidated_Stateme4
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
OPERATING ACTIVITIES | ' | ' |
Net income (loss) | $669 | ($23,553) |
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities (including discontinued operations): | ' | ' |
Provision for loan losses | -12,764 | 2,247 |
Depreciation of premises and equipment | 2,189 | 3,044 |
Reorganization items | 2,195 | 2,746 |
Net amortization of investment security premiums | 61 | 89 |
Loss on sale of premises and equipment | 64 | 50 |
Gain on sale of government-guaranteed loans | 0 | -555 |
Loss (gain) on bank subsidiaries discontinued | 6,434 | -155 |
Gain on sale of other real estate owned | -2,219 | -135 |
Write down of other real estate owned | 2,547 | 10,188 |
Amortization of issuance costs of subordinated debentures | 0 | 59 |
Share-based compensation expense | -2 | -14 |
Deferred income tax expense (credit) | 2 | -993 |
Originations and purchases of loans held for sale | -1,812 | -22,077 |
Proceeds from sales of loans held for sale | 1,739 | 23,604 |
Decrease in accrued interest income and other assets | 9,052 | 2,110 |
Increase in accrued interest expense on deposits and other liabilities | -4,114 | -114 |
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES | 4,041 | -3,459 |
INVESTING ACTIVITIES | ' | ' |
Proceeds from calls, prepayments and maturities of investment securities | 4,930 | 14,525 |
Purchases of investment securities | -5,247 | -7,620 |
Redemption of Federal Home Loan Bank stock by issuer | 1,415 | 1,848 |
Purchases of Federal Home Loan Bank stock | 0 | -31 |
Net decrease in portfolio loans | 144,193 | 190,816 |
Proceeds from sales of government-guaranteed loans | 0 | 4,984 |
Proceeds from sales of premises and equipment | 49 | 28 |
Purchases of premises and equipment | -318 | -1,499 |
Proceeds from sale of bank subsidiaries | 1,000 | 8,940 |
Payments received on other real estate owned | 97 | 54 |
Proceeds from sales of other real estate owned | 30,056 | 35,987 |
NET CASH PROVIDED BY INVESTING ACTIVITIES | 176,175 | 248,032 |
FINANCING ACTIVITIES | ' | ' |
Net increase in demand deposits, NOW accounts and savings accounts | 77,291 | 124,114 |
Net decrease in certificates of deposit | -260,177 | -329,190 |
Net payments on debt obligations | 0 | -2,317 |
Proceeds from Federal Home Loan Bank borrowings | 4,500 | 59,511 |
Payments on Federal Home Loan Bank borrowings | -2,018 | -81,528 |
Net proceeds from issuance of common stock | 0 | 1 |
Tax effect of share-based payments | 0 | -29 |
NET CASH USED IN FINANCING ACTIVITIES | -180,404 | -229,438 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -188 | 15,135 |
Change in cash and cash equivalents of discontinued operations | 2,005 | -1,327 |
Change in cash and cash equivalents of deconsolidated subsidiary | -44,753 | 0 |
Cash and cash equivalents at beginning of period | 258,067 | 271,211 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 215,131 | 285,019 |
Supplemental disclosures: | ' | ' |
Cash paid during the period for interest on deposits and debt obligations | 6,369 | 18,529 |
Transfers of loans to other real estate owned | $11,485 | $38,222 |
Background_and_Basis_of_Presen
Background and Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Background and Basis of Presentation [Abstract] | ' |
Background and Basis of Presentation | ' |
Note A – Background and Basis of Presentation | |
The accompanying unaudited condensed consolidated financial statements of Capitol Bancorp Limited ("Capitol" or the "Corporation") have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q. Accordingly, they do not include all information and footnotes necessary for a fair presentation of consolidated financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America. | |
The condensed consolidated financial statements do, however, include all adjustments of a normal recurring nature (in accordance with Rule 10-01(b)(8) of Regulation S-X) which Capitol considers necessary for a fair presentation of the interim periods. | |
For comparative purposes, original balances as previously reported in periods prior to September 30, 2013 have been adjusted to exclude amounts related to discontinued operations (see Note G). | |
The results of operations for the period ended September 30, 2013 are not necessarily indicative of the results to be expected for the year ending December 31, 2013. | |
The consolidated balance sheet as of December 31, 2012 was derived from audited consolidated financial statements as of that date. Certain 2012 amounts have been reclassified to conform to the 2013 presentation. Refer to Note C for the effects of a change in accounting principle on amounts previously reported in the 2012 consolidated financial statements. | |
Capitol's ability to continue to operate as a going concern is contingent upon a number of factors which are discussed below and on page 51 of this document, as well as upon a variety of risk factors discussed elsewhere in this document and in Capitol's other filings with the SEC. Capitol's auditors included a going concern qualification in the most recent report on the Corporation's audited consolidated financial statements as of and for the year ended December 31, 2012. | |
Bankruptcy Filings | |
On August 9, 2012, Capitol and its affiliate Financial Commerce Corporation ("FCC"), (collectively the "Debtors"), filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Eastern District of Michigan (the "Bankruptcy Court"). The Debtors' Chapter 11 Cases (the "Chapter 11 Cases") are being jointly administered under Case Number 12-58409. Capitol and FCC continue to operate their businesses and manage their properties as "debtors-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. Capitol's banking subsidiaries are not part of the filing and continue to conduct business on an uninterrupted basis. | |
On May 16, 2013, Capitol and FCC filed a proposed Joint Liquidating Plan of Capitol Bancorp Ltd. and Financial Commerce Corporation (the "Joint Liquidating Plan") and related Disclosure Statement with the Bankruptcy Court for the resolution of outstanding claims against and equity security interests in the Debtors. The Joint Liquidating Plan superseded a prepackaged plan of reorganization filed by Capitol and FCC with the Bankruptcy Court in August 2012, which was withdrawn. On May 22, 2013, Capitol and FCC filed an Amended Disclosure Statement (the "Amended Disclosure Statement"), which superseded a Disclosure Statement filed on May 16, 2013. | |
On July 17, 2013, Capitol and FCC filed an Amended Joint Liquidating Plan of Capitol Bancorp Ltd. and Financial Commerce Corporation (the "Amended Joint Liquidating Plan"), which superseded the prior Joint Liquidating Plan. Information contained in the Amended Joint Liquidating Plan and Amended Disclosure Statement is subject to change, whether as a result of amendments, third-party actions, or otherwise. | |
The Amended Joint Liquidating Plan is subject to acceptance by the creditors of Capitol and FCC (as, and to the extent, required under the Bankruptcy Code) and confirmation by the Bankruptcy Court. The deadline for creditors to vote on the Amended Joint Liquidating Plan was September 24, 2013. The combined hearing to be conducted by the Bankruptcy Court on final approval of the Amended Disclosure Statement, and confirmation of the Amended Joint Liquidating Plan is presently scheduled for December 18, 2013. | |
Accounting Standards Codification ("ASC") Topic 852, Reorganizations, which is applicable to companies in Chapter 11, generally does not change the manner in which financial statements are prepared. However, it does require that the financial statements for periods subsequent to the filing of the Chapter 11 Cases distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. Amounts that can be directly associated with the reorganization and restructuring of the business are reported separately as reorganization items in the condensed consolidated statements of operations beginning in the quarter ended September 30, 2012. The condensed consolidated balance sheet distinguishes prepetition liabilities subject to compromise from both those prepetition liabilities that are not subject to compromise (none as of September 30, 2013) and from post-petition liabilities. Liabilities that may be affected by a Chapter 11 plan of reorganization are reported at the amounts expected to be allowed, even if they may be settled for lesser amounts. Capitol applied ASC Topic 852 effective August 9, 2012 and has segregated those items as outlined above for all reporting periods subsequent to such date and will continue to do so until emergence from Chapter 11. | |
Refer to Note D for a description of a recently issued accounting standards update related to the liquidation basis of accounting. As discussed there, management has determined that the Corporation has not met the criteria of the accounting standards update for reporting under the liquidation basis of accounting. | |
DebtorinPossession_Financial_I
Debtor-in-Possession Financial Information | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Debtor-in-Possession Financial Information [Abstract] | ' | |||||||||||
Debtor-in-Possession Financial Information [Text Block] | ' | |||||||||||
Note B – Debtor-in-Possession Financial Information | ||||||||||||
Liabilities Subject to Compromise | ||||||||||||
As required by ASC Topic 852, the amount of liabilities subject to compromise represents management's estimate of known or potential prepetition and post-petition claims to be addressed in connection with the bankruptcy filing. Such claims are subject to future adjustments. The liabilities subject to compromise consist of the following (in $1,000s): | ||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||
Trust-preferred securities | $ | 151,296 | $ | 151,296 | ||||||||
Senior notes | 6,820 | 6,820 | ||||||||||
Accrued interest payable | 33,318 | 33,318 | ||||||||||
Accrued estimated taxes payable | 3,196 | 7,108 | ||||||||||
Accounts payable and other accrued liabilities | 1,093 | 1,751 | ||||||||||
Total liabilities subject to compromise | $ | 195,723 | $ | 200,293 | ||||||||
In accordance with ASC Topic 852, interest was no longer accrued on the trust-preferred securities and senior notes included in liabilities subject to compromise after Capitol filed for bankruptcy protection. If Capitol had continued to accrue interest on these debt obligations, additional contractual interest expense of $2.5 million and $ 7.7 million for the three and nine months ended September 30, 2013, respectively, would have been reported. | ||||||||||||
Reorganization Items | ||||||||||||
Professional advisory fees and other costs directly associated with the reorganization are reported separately as reorganization items pursuant to ASC Topic 852. The reorganization items for the three and nine months ended September 30 consisted of the following (in $1,000s): | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
30-Sep | 30-Sep | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
Professional fees | $ | 360 | $ | 665 | $ | 2,195 | $ | 665 | ||||
Deferred issuance costs | - | 2,081 | - | 2,081 | ||||||||
$ | 360 | $ | 2,746 | $ | 2,195 | $ | 2,746 | |||||
Change_in_Accounting_Principle
Change in Accounting Principle | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Change in Accounting Principle [Abstract] | ' | |||||||||||
Change in Accounting Principle [Text Block] | ' | |||||||||||
Note C – Change in Accounting Principle | ||||||||||||
Effective January 1, 2013, the Corporation elected to change its method of accounting related to the reserve for, and payment of, delinquent real and personal property taxes on properties serving as collateral for impaired loans. The Corporation pays delinquent property taxes on these properties to avoid lien attachment by the taxing authorities. Previously, the Corporation recorded an accrued liability for delinquent property taxes in accordance with ASC 450-20, "Loss Contingencies," with a corresponding charge to "Costs associated with foreclosed properties and other real estate owned." Recent regulatory guidance suggests a more preferable method of accounting for these estimated delinquent property taxes is to consider the amount of such taxes when performing impairment analyses on collateral-dependent impaired loans. Based on its analysis, the Corporation has determined this method of accounting is preferable. Under the newly adopted method of accounting, when a loan is deemed to be collateral-dependent and a specific impairment analysis is performed, the delinquent property taxes will be reflected in the impairment calculation similar to estimated selling costs. The decision on whether to reserve for, or charge-off, the amount of delinquent property taxes will depend upon whether the net value of the collateral (property appraised amount, less estimated costs to sell and the amount of the delinquent property taxes) is greater or less than the loan balance. When the delinquent property taxes are paid, the amount will be added to the loan basis and considered in current and future impairment analyses. | ||||||||||||
In accordance with ASC 250-10-45, "Accounting Changes – Change in Accounting Principle," the Corporation is reporting the change in accounting principle through retrospective application as of the beginning of 2012, the first period presented in the accompanying condensed consolidated financial statements. This is also the period through which the Corporation has determined it is practicable to determine the most appropriate amount of the beginning adjustment. For periods prior to 2012, management believes determining the appropriate amount is impracticable due to the availability of records, subsequent changes in loan balances and relationships and the assumptions about management's intent at the time that is now difficult to independently substantiate. Also, management believes retrospective application of the new accounting principle to periods prior to 2012 would not produce a materially different result. | ||||||||||||
Upon retrospective application of the new accounting method, it was determined that either (1) the adjusted impaired loan analyses resulted in no additional reserves or charge-offs, or (2) an adequate amount of unallocated allowance for loan losses existed to absorb the impact of any collateral shortfall on a by-loan basis. As a result, the net effect of adopting the new accounting method was a decrease of the retained-earnings deficit and a reduction of accrued liabilities of $4.1 million as of January 1, 2012, with no effect on the total allowance for loan losses. As indicated in the following table, the cumulative increase to portfolio loans, decrease to the accrued liability and decrease to the retained-earnings deficit were $3.1 million, $3.5 million and $6.6 million, respectively, as of December 31, 2012. | ||||||||||||
All 2012 periods have been retrospectively adjusted to reflect the change in accounting principle. The following tables summarize the adjustments to the Corporation's unaudited condensed consolidated financial statements for each affected line item (in $1,000s, except per-share data): | ||||||||||||
Condensed Consolidated Balance Sheet (Unaudited) | ||||||||||||
As of December 31, 2012 | ||||||||||||
As Previously Reported | Reclassification of Discontinued | Effect of Change | As Adjusted | |||||||||
Operations(1) | in Accounting | |||||||||||
Principle | ||||||||||||
Portfolio loans, less allowance for loan losses | $ | 1,143,212 | $ | -266,445 | $ | 3,050 | $ | 879,817 | ||||
Total assets | 1,618,252 | 3,050 | 1,621,302 | |||||||||
Accrued interest on deposits and other liabilities | 9,779 | -1,291 | -3,518 | 4,970 | ||||||||
Total liabilities | 1,762,368 | -3,518 | 1,758,850 | |||||||||
Retained-earnings deficit | -430,590 | 6,568 | -424,022 | |||||||||
Total Capitol Bancorp Limited stockholders' equity deficit | -133,869 | 6,568 | -127,301 | |||||||||
Total equity deficit | -144,116 | 6,568 | -137,548 | |||||||||
(1) For comparative purposes, original balances as previously reported have also been adjusted to exclude amounts related to discontinued operations. | ||||||||||||
Condensed Consolidated Statement of Operations (Unaudited) | ||||||||||||
Three Months Ended September 30, 2012 | ||||||||||||
As Previously Reported | Reclassification of Discontinued Operations(1) | Effect of Change in Accounting Principle | As Adjusted | |||||||||
Costs associated with foreclosed properties and other real estate owned | $ | 3,172 | $ | -1,252 | $ | -750 | $ | 1,170 | ||||
Total noninterest expense | 23,735 | -5,624 | -750 | 17,361 | ||||||||
Loss before income tax benefit | -6,155 | 1,501 | 750 | -3,904 | ||||||||
Loss from continuing operations | -6,203 | 1,501 | 750 | -3,952 | ||||||||
Net loss | -6,144 | 750 | -5,394 | |||||||||
Net loss attributable to Capitol Bancorp Limited | -5,673 | 750 | -4,923 | |||||||||
Net loss per common share attributable to Capitol Bancorp Limited | $ | -0.14 | $ | -0.12 | ||||||||
Nine Months Ended September 30, 2012 | ||||||||||||
As Previously Reported | Reclassification of Discontinued Operations(1) | Effect of Change in Accounting Principle | As Adjusted | |||||||||
Costs associated with foreclosed properties and other real estate owned | $ | 14,227 | $ | -5,279 | $ | -2,200 | $ | 6,748 | ||||
Total noninterest expense | 77,509 | -19,138 | -2,200 | 56,171 | ||||||||
Loss before income tax benefit | -25,905 | 6,291 | 2,200 | -17,414 | ||||||||
Loss from continuing operations | -25,909 | 6,291 | 2,200 | -17,418 | ||||||||
Net loss | -25,753 | 2,200 | -23,553 | |||||||||
Net loss attributable to Capitol Bancorp Limited | -23,924 | 2,200 | -21,724 | |||||||||
Net loss per common share attributable to Capitol Bancorp Limited | $ | -0.58 | $ | -0.53 | ||||||||
-1 | For comparative purposes, original balances as previously reported have also been adjusted to exclude amounts related to discontinued operations. |
Accounting_Standards_Updates
Accounting Standards Updates | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Standards Updates [Abstract] | ' |
Accounting Standards Updates [Text Block] | ' |
Note D – Accounting Standards Updates | |
In February 2013, an accounting standards update was issued to amend and improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments do not change the current requirements for reporting net income or other comprehensive income in the financial statements. However, the amendments require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional detail about those amounts. This new guidance became effective prospectively for all annual and interim periods beginning January 1, 2013 and it did not have a material effect on the Corporation's condensed consolidated financial statements upon implementation. | |
In April 2013, an accounting standards update was issued to improve the reporting as to when and how the liquidation basis of accounting should be applied. The update requires an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is 'imminent'. Liquidation is deemed 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). The update requires financial statements prepared using the liquidation basis of accounting to present relevant information about an entity's expected resources in liquidation by measuring and presenting assets at the amount of the expected cash proceeds from liquidation. An entity is required to recognize and measure its liabilities in accordance with U.S. GAAP that otherwise applies to those liabilities. The entity is also required to accrue and separately present the costs that it expects to incur and the income that it expects to earn during the anticipated duration of the liquidation process, including any costs associated with sale or settlement of its assets and liabilities. This new guidance will become effective for entities that determine liquidation is imminent during annual and interim periods beginning January 1, 2014 and should be applied prospectively from the day that liquidation becomes imminent. Early adoption is permitted. Capitol's management has determined that liquidation is not currently imminent for the Corporation, as defined by this accounting standards update, and will continue to evaluate adoption of this accounting guidance if the Corporation meets the criteria for reporting under the liquidation basis of accounting in the future. |
Investment_Securities
Investment Securities | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Investment Securities [Abstract] | ' | |||||||||||
Investment Securities | ' | |||||||||||
Note E – Investment Securities | ||||||||||||
Investments in Federal Home Loan Bank and Federal Reserve Bank stock are combined and classified separately from investment securities in the condensed consolidated balance sheet, are restricted and may only be resold to, or redeemed by, the issuer. | ||||||||||||
Investment securities available for sale consisted of the following (in $1,000s): | ||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||
Amortized | Estimated Fair Value | Amortized | Estimated | |||||||||
Cost | Cost | Fair Value | ||||||||||
United States treasury | $ | 3,249 | $ | 3,250 | $ | 3,499 | $ | 3,500 | ||||
United States government agency | 5,000 | 4,682 | 4,000 | 3,987 | ||||||||
Mortgage-backed | 6,564 | 6,620 | 8,055 | 8,175 | ||||||||
$ | 14,813 | $ | 14,552 | $ | 15,554 | $ | 15,662 | |||||
Gross unrealized gains and losses on investment securities available for sale were as follows (in $1,000s): | ||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||
Gains | Losses | Gains | Losses | |||||||||
United States treasury | $ | 1 | $ | 1 | ||||||||
United States government agency | 1 | $ | 319 | $ | 13 | |||||||
Mortgage-backed | 60 | 4 | 120 | |||||||||
$ | 62 | $ | 323 | $ | 121 | $ | 13 | |||||
The age of gross unrealized losses and carrying value (at estimated fair value) of securities available for sale are summarized below (in $1,000s): | ||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||
Unrealized | Carrying | Unrealized | Carrying | |||||||||
Loss | Value | Loss | Value | |||||||||
One year or less: | ||||||||||||
United States government agencies | $ | 319 | $ | 4,181 | $ | 13 | $ | 3,987 | ||||
Mortgage-backed | 4 | 1,741 | - | - | ||||||||
$ | 323 | 5,922 | 13 | 3,987 | ||||||||
Scheduled maturities of investment securities held as of September 30, 2013 were as follows (in $1,000s): | ||||||||||||
Amortized | Estimated | |||||||||||
Cost | Fair Value | |||||||||||
Due in one year or less | $ | 3,249 | $ | 3,250 | ||||||||
After one year, through five years | 1,000 | 999 | ||||||||||
After five years, through ten years | 4,349 | 4,295 | ||||||||||
After ten years | 6,215 | 6,008 | ||||||||||
$ | 14,813 | $ | 14,552 |
Loans
Loans | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Loans [Abstract] | ' | ||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||
The following tables present the allowance for loan losses and the carrying amount of loans based on management's overall assessment of probable incurred losses (in $1,000s), and should not be interpreted as an indication of future charge-offs: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,570 | $ | 1,917 | $ | 873 | $ | 1,328 | $ | 3 | $ | 8,691 | |||||||||||||
Collectively evaluated for probable incurred losses | 7,301 | 4,363 | 694 | 1,746 | 213 | $ | 187 | $ | 9,070 | 23,574 | |||||||||||||||
Total allowance for loan losses | $ | 11,871 | $ | 6,280 | $ | 1,567 | $ | 3,074 | $ | 216 | $ | 187 | $ | 9,070 | $ | 32,265 | |||||||||
Portfolio loans: | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 71,684 | $ | 17,436 | $ | 8,253 | $ | 6,849 | $ | 28 | $ | 104,250 | |||||||||||||
Collectively evaluated for probable incurred losses | 380,318 | 129,199 | 22,249 | 61,176 | 5,586 | $ | 1,950 | 600,478 | |||||||||||||||||
Total portfolio loans | $ | 452,002 | $ | 146,635 | $ | 30,502 | $ | 68,025 | $ | 5,614 | $ | 1,950 | $ | 704,728 | |||||||||||
December 31, 2012 (As Adjusted – Note C) | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 6,214 | $ | 2,153 | $ | 881 | $ | 1,022 | $ | 8 | $ | 10,278 | |||||||||||||
Collectively evaluated for probable incurred losses | 8,721 | 6,241 | 1,063 | 3,441 | 866 | $ | 3 | $ | 20,895 | 41,230 | |||||||||||||||
Total allowance for loan losses | $ | 14,935 | $ | 8,394 | $ | 1,944 | $ | 4,463 | $ | 874 | $ | 3 | $ | 20,895 | $ | 51,508 | |||||||||
Portfolio loans: | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 89,964 | $ | 29,314 | $ | 10,447 | $ | 10,071 | $ | 22 | $ | 139,818 | |||||||||||||
Collectively evaluated for probable incurred losses | 482,512 | 178,027 | 29,730 | 92,574 | 6,671 | $ | 1,993 | 791,507 | |||||||||||||||||
Total portfolio loans | $ | 572,476 | $ | 207,341 | $ | 40,177 | $ | 102,645 | $ | 6,693 | $ | 1,993 | $ | 931,325 | |||||||||||
The allowance for loan losses is maintained at a level believed adequate by management to absorb potential losses inherent in the loan portfolio at the balance sheet date. Management's determination of the adequacy of the allowance is an estimate based on evaluation of the portfolio (including potential impairment of individual loans and concentrations of credit), past loss experience, current economic conditions, volume, amount and composition of the loan portfolio and other factors. The allowance is increased by provisions for loan losses charged to operations and reduced by net charge-offs. | |||||||||||||||||||||||||
The tables below summarize activity in the allowance for loan losses for the three and nine months ended September 30, 2013 and 2012 (in $1,000s) by loan type: | |||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Beginning balance | $ | 11,444 | $ | 6,443 | $ | 1,936 | $ | 2,615 | $ | 303 | $ | 391 | $ | 9,378 | $ | 32,510 | |||||||||
Charge-offs | -1,453 | -800 | -234 | -411 | -2 | - | -2,900 | ||||||||||||||||||
Recoveries | 1,509 | 470 | 334 | 259 | 80 | - | 2,652 | ||||||||||||||||||
Net charge-offs | 56 | -330 | 100 | -152 | 78 | - | -248 | ||||||||||||||||||
Provision for loan losses | 173 | 103 | -482 | 581 | -167 | -205 | - | 3 | |||||||||||||||||
Net change in unallocated allowance | 198 | 64 | 13 | 30 | 2 | 1 | -308 | ||||||||||||||||||
Ending balance | $ | 11,871 | $ | 6,280 | $ | 1,567 | $ | 3,074 | $ | 216 | $ | 187 | $ | 9,070 | $ | 32,265 | |||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Beginning balance | $ | 14,935 | $ | 8,394 | $ | 1,944 | $ | 4,463 | $ | 874 | $ | 3 | $ | 20,895 | $ | 51,508 | |||||||||
Less allowance for deconsolidated subsidiary – Note H | -765 | -869 | -53 | -422 | -48 | -2,157 | |||||||||||||||||||
Charge-offs | -6,435 | -3,237 | -2,906 | -980 | -318 | -7 | -13,883 | ||||||||||||||||||
Recoveries | 3,631 | 1,602 | 2,254 | 1,338 | 155 | - | 8,980 | ||||||||||||||||||
Net charge-offs | -2,804 | -1,635 | -652 | 358 | -163 | -7 | -4,903 | ||||||||||||||||||
Provision for loan losses | 746 | 468 | 344 | -1,289 | -444 | 192 | -12,200 | -12,183 | |||||||||||||||||
Net change in unallocated allowance | -241 | -78 | -16 | -36 | -3 | -1 | 375 | ||||||||||||||||||
Ending balance | $ | 11,871 | $ | 6,280 | $ | 1,567 | $ | 3,074 | $ | 216 | $ | 187 | $ | 9,070 | $ | 32,265 | |||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Beginning balance | $ | 22,642 | $ | 10,014 | $ | 3,192 | $ | 8,760 | $ | 228 | $ | 368 | $ | 13,114 | $ | 58,318 | |||||||||
Charge-offs | -4,533 | -2,985 | -657 | -472 | -171 | 23 | -8,795 | ||||||||||||||||||
Recoveries | 614 | 359 | 312 | 876 | 276 | 63 | 2,500 | ||||||||||||||||||
Net charge-offs | -3,919 | -2,626 | -345 | 404 | 105 | 86 | -6,295 | ||||||||||||||||||
Provision for loan losses | 2,466 | 1,595 | -703 | -2,556 | -97 | -428 | 277 | ||||||||||||||||||
Net change in unallocated allowance | -3,338 | -1,107 | -273 | -554 | -43 | -12 | 5,327 | ||||||||||||||||||
Ending balance | $ | 17,851 | $ | 7,876 | $ | 1,871 | $ | 6,054 | $ | 193 | $ | 14 | $ | 18,441 | $ | 52,300 | |||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Beginning balance | $ | 26,576 | $ | 15,854 | $ | 6,739 | $ | 11,057 | $ | 533 | $ | 12 | $ | 4,447 | $ | 65,218 | |||||||||
Charge-offs | -11,141 | -7,857 | -2,503 | -6,125 | -373 | -656 | -28,655 | ||||||||||||||||||
Recoveries | 4,193 | 3,907 | 1,320 | 5,046 | 410 | 70 | 14,946 | ||||||||||||||||||
Net charge-offs | -6,948 | -3,950 | -1,183 | -1,079 | 37 | -586 | -13,709 | ||||||||||||||||||
Provision for loan losses | 6,992 | -1,120 | -2,968 | -2,468 | -266 | 621 | 791 | ||||||||||||||||||
Net change in unallocated allowance | -8,769 | -2,908 | -717 | -1,456 | -111 | -33 | 13,994 | ||||||||||||||||||
Ending balance | $ | 17,851 | $ | 7,876 | $ | 1,871 | $ | 6,054 | $ | 193 | $ | 14 | $ | 18,441 | $ | 52,300 | |||||||||
Average total portfolio loans for the nine months ended September 30, 2013 and 2012 were $785.8 million and $1.1 billion, respectively. The ratio of net charge-offs (annualized) to average portfolio loans outstanding was 0.68 % and 1.71% for the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||||||||||||||
Nonperforming loans (i.e., loans which are 90 days or more past due and still accruing interest and loans on nonaccrual status) and other nonperforming assets are summarized below (in $1,000s): | |||||||||||||||||||||||||
30-Sep-13 | 30-Jun-13 | 31-Mar-13 | 31-Dec-12 | ||||||||||||||||||||||
As Adjusted | |||||||||||||||||||||||||
(Note C) | |||||||||||||||||||||||||
Nonaccrual loans: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 46,944 | $ | 55,172 | $ | 60,045 | $ | 65,443 | |||||||||||||||||
Residential (including multi-family) | 12,242 | 15,847 | 18,063 | 21,049 | |||||||||||||||||||||
Construction, land development and other land | 5,292 | 5,937 | 6,161 | 5,667 | |||||||||||||||||||||
Total loans secured by real estate | 64,478 | 76,956 | 84,269 | 92,159 | |||||||||||||||||||||
Commercial and other business-purpose loans | 4,680 | 5,238 | 6,021 | 8,159 | |||||||||||||||||||||
Consumer | 133 | 139 | 328 | 189 | |||||||||||||||||||||
Total nonaccrual loans | 69,291 | 82,333 | 90,618 | 100,507 | |||||||||||||||||||||
Past due (>90 days) loans and accruing interest: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | - | - | 1,017 | 515 | |||||||||||||||||||||
Residential (including multi-family) | - | - | - | 85 | |||||||||||||||||||||
Total loans secured by real estate | - | - | 1,017 | 600 | |||||||||||||||||||||
Commercial and other business-purpose loans | - | - | - | 70 | |||||||||||||||||||||
Total past due loans | - | - | 1,017 | 670 | |||||||||||||||||||||
Total nonperforming loans | $ | 69,291 | $ | 82,333 | $ | 91,635 | 101,177 | ||||||||||||||||||
Real estate owned and other repossessed assets | 47,815 | 46,775 | 54,887 | 63,306 | |||||||||||||||||||||
Total nonperforming assets | $ | 117,106 | $ | 129,108 | $ | 146,522 | 164,483 | ||||||||||||||||||
Impaired loans which do not have an allowance requirement include collateral-dependent loans for which direct write-downs have been made to the carrying amount of such loans and, accordingly, no additional allowance requirement or allocation is generally necessary. | |||||||||||||||||||||||||
Impaired loans are summarized in the following table (in $1,000s), based on loans which either have an allowance for loan losses recorded or no such allowance as of September 30, 2013: | |||||||||||||||||||||||||
Carrying | Unpaid | Related | |||||||||||||||||||||||
Value | Principal | Allowance | |||||||||||||||||||||||
Balance | for Loan | ||||||||||||||||||||||||
Losses | |||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 46,502 | $ | 59,377 | $ | 5,276 | |||||||||||||||||||
Residential (including multi-family) | 14,770 | 26,603 | 3,382 | ||||||||||||||||||||||
Construction, land development and other land | 5,536 | 9,293 | 919 | ||||||||||||||||||||||
Total loans secured by real estate | 66,808 | 95,273 | 9,577 | ||||||||||||||||||||||
Commercial and other business-purpose loans | 5,096 | 11,986 | 1,217 | ||||||||||||||||||||||
Consumer | 199 | 449 | 31 | ||||||||||||||||||||||
72,103 | 107,708 | 10,825 | |||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 57,782 | 75,745 | |||||||||||||||||||||||
Residential (including multi-family) | 11,524 | 12,391 | |||||||||||||||||||||||
Construction, land development and other land | 4,470 | 5,882 | |||||||||||||||||||||||
Total loans secured by real estate | 73,776 | 94,018 | |||||||||||||||||||||||
Commercial and other business-purpose loans | 3,123 | 3,761 | |||||||||||||||||||||||
Consumer | 51 | 51 | |||||||||||||||||||||||
76,950 | 97,830 | ||||||||||||||||||||||||
Total | $ | 149,053 | $ | 205,538 | $ | 10,825 | |||||||||||||||||||
Included in total impaired loans as of September 30, 2013 is $119.9 million of loans modified and reported as troubled debt restructurings (see further discussion under the Troubled Debt Restructurings section of this Note), along with $5.1 million of loans modified as troubled debt restructurings which are no longer reported as troubled debt restructurings due to the loans being in compliance with their modified terms and having an interest rate consistent with market rates. | |||||||||||||||||||||||||
Interest income is recorded on impaired loans if not on nonaccrual status, or may be recorded on a cash basis in some circumstances, if such payments are not credited to principal. For the three and nine months ended September 30, 2013 and 2012, the average recorded investment in impaired loans and interest income recorded on impaired loans were as follows (in $1,000s): | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||
Investment | Recorded | Investment | Recorded | ||||||||||||||||||||||
Commercial | $ | 111,720 | $ | 2,003 | $ | 117,185 | $ | 5,472 | |||||||||||||||||
Residential (including multi-family) | 32,733 | 380 | 38,059 | 1,057 | |||||||||||||||||||||
Construction, land development and other land | 14,504 | 60 | 18,582 | 229 | |||||||||||||||||||||
Total loans secured by real estate | 158,957 | 2,443 | 173,826 | 6,758 | |||||||||||||||||||||
Commercial and other business-purpose loans | 11,243 | 100 | 13,937 | 410 | |||||||||||||||||||||
Consumer | 236 | 7 | 196 | 7 | |||||||||||||||||||||
Total | $ | 170,436 | $ | 2,550 | $ | 187,959 | $ | 7,175 | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||
Investment | Recorded | Investment | Recorded | ||||||||||||||||||||||
As Adjusted | As Adjusted | ||||||||||||||||||||||||
(Note C) | (Note C) | ||||||||||||||||||||||||
Commercial | $ | 126,443 | $ | 1,715 | $ | 128,941 | $ | 3,717 | |||||||||||||||||
Residential (including multi-family) | 49,098 | 596 | 48,687 | 1,722 | |||||||||||||||||||||
Construction, land development and other land | 25,137 | 30 | 25,510 | 540 | |||||||||||||||||||||
Total loans secured by real estate | 200,678 | 2,341 | 203,138 | 5,979 | |||||||||||||||||||||
Commercial and other business-purpose loans | 18,315 | 61 | 18,661 | 671 | |||||||||||||||||||||
Consumer | 180 | - | 172 | 7 | |||||||||||||||||||||
Total | $ | 219,173 | $ | 2,402 | $ | 221,971 | $ | 6,657 | |||||||||||||||||
Impaired loans are summarized in the following table (in $1,000s), based on loans which either have an allowance for loan losses recorded or no such allowance as of December 31, 2012: | |||||||||||||||||||||||||
Carrying | Unpaid | Related | |||||||||||||||||||||||
Value | Principal | Allowance | |||||||||||||||||||||||
Balance | for Loan | ||||||||||||||||||||||||
Losses | |||||||||||||||||||||||||
As Adjusted | As Adjusted | ||||||||||||||||||||||||
(Note C) | (Note C) | ||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 61,640 | $ | 75,459 | $ | 7,563 | |||||||||||||||||||
Residential (including multi-family) | 17,776 | 31,470 | 2,706 | ||||||||||||||||||||||
Construction, land development and other land | 7,150 | 11,562 | 1,036 | ||||||||||||||||||||||
Total loans secured by real estate | 86,566 | 118,491 | 11,305 | ||||||||||||||||||||||
Commercial and other business-purpose loans | 7,609 | 17,134 | 1,574 | ||||||||||||||||||||||
Consumer | 207 | 1,351 | 57 | ||||||||||||||||||||||
94,382 | 136,976 | 12,936 | |||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 53,108 | 81,579 | |||||||||||||||||||||||
Residential (including multi-family) | 18,690 | 21,791 | |||||||||||||||||||||||
Construction, land development and other land | 5,982 | 9,136 | |||||||||||||||||||||||
Total loans secured by real estate | 77,780 | 112,506 | |||||||||||||||||||||||
Commercial and other business-purpose loans | 6,246 | 8,112 | |||||||||||||||||||||||
Consumer | 9 | 9 | |||||||||||||||||||||||
84,035 | 120,627 | ||||||||||||||||||||||||
Total | $ | 178,417 | $ | 257,603 | $ | 12,936 | |||||||||||||||||||
Included in impaired loans as of December 31, 2012 is $138.9 million of loans modified and reported as troubled debt restructurings (see further discussion under the Troubled Debt Restructurings section of this Note). | |||||||||||||||||||||||||
The following tables summarize the aging and amounts of past due loans (in $1,000s): | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Past Due Loans | Total | ||||||||||||||||||||||||
(based on payment due dates) | Amount of | ||||||||||||||||||||||||
More Than | More Than | Loans on | Loans More | Loans Either | Total | ||||||||||||||||||||
29 Days, | 89 Days | Nonaccrual | Than 29 Days | Current or | Portfolio | ||||||||||||||||||||
and Less Than | (Accruing) | Status | Past Due or on | Less Than | Loans | ||||||||||||||||||||
90 Days | (Generally, 90 | Nonaccrual | 30 Days | ||||||||||||||||||||||
Days or More) | Status | Past Due | |||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 4,798 | $ | - | $ | 46,944 | $ | 51,742 | $ | 400,260 | $ | 452,002 | |||||||||||||
Residential (including multi-family) | 1,582 | 12,242 | 13,824 | 132,811 | 146,635 | ||||||||||||||||||||
Construction, land development and other land | 697 | 5,292 | 5,989 | 24,513 | 30,502 | ||||||||||||||||||||
Total loans secured by real estate | 7,077 | - | 64,478 | 71,555 | 557,584 | 629,139 | |||||||||||||||||||
Commercial and other business-purpose loans | 772 | 4,680 | 5,452 | 62,573 | 68,025 | ||||||||||||||||||||
Consumer | 382 | 133 | 515 | 5,099 | 5,614 | ||||||||||||||||||||
Other | - | - | 1,950 | 1,950 | |||||||||||||||||||||
Total | $ | 8,231 | $ | - | $ | 69,291 | $ | 77,522 | $ | 627,206 | $ | 704,728 | |||||||||||||
December 31, 2012 (As Adjusted – Note C) | |||||||||||||||||||||||||
Past Due Loans | Total | ||||||||||||||||||||||||
(based on payment due dates) | Amount of | ||||||||||||||||||||||||
More Than | More Than | Loans on | Loans More | Loans Either | Total | ||||||||||||||||||||
29 Days, | 89 Days | Nonaccrual | Than 29 Days | Current or | Portfolio | ||||||||||||||||||||
and Less Than | (Accruing) | Status | Past Due or on | Less Than | Loans | ||||||||||||||||||||
90 Days | (Generally, 90 | Nonaccrual | 30 Days | ||||||||||||||||||||||
Days or More) | Status | Past Due | |||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 12,534 | $ | 515 | $ | 65,443 | $ | 78,492 | $ | 493,984 | $ | 572,476 | |||||||||||||
Residential (including multi-family) | 5,364 | 85 | 21,049 | 26,498 | 180,843 | 207,341 | |||||||||||||||||||
Construction, land development and other land | 4,242 | 5,667 | 9,909 | 30,268 | 40,177 | ||||||||||||||||||||
Total loans secured by real estate | 22,140 | 600 | 92,159 | 114,899 | 705,095 | 819,994 | |||||||||||||||||||
Commercial and other business-purpose loans | 2,933 | 70 | 8,159 | 11,162 | 91,483 | 102,645 | |||||||||||||||||||
Consumer | 280 | - | 189 | 469 | 6,224 | 6,693 | |||||||||||||||||||
Other | 1,993 | 1,993 | |||||||||||||||||||||||
Total | $ | 25,353 | $ | 670 | $ | 100,507 | $ | 126,530 | $ | 804,795 | $ | 931,325 | |||||||||||||
Capitol categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt obligations based on current financial information, aging analysis, historical payment experience, credit documentation and public information, among other factors. Capitol analyzes loans individually by classifying the loans as to credit risk. This analysis generally includes all loans and is generally performed at least quarterly. The following loan risk rating definitions are used: | |||||||||||||||||||||||||
Pass. Loans classified with a pass rating have been deemed to have acceptable credit quality by bank management. | |||||||||||||||||||||||||
Watch. Loans classified as watch have potential weaknesses that deserve management's close attention. If not improved, those potential weaknesses may result in deterioration of the repayment prospects for the loan in the future. | |||||||||||||||||||||||||
Substandard. Loans classified as substandard have a well-defined weakness or weaknesses that could jeopardize the liquidation of the debt obligation by the borrower. These loans are characterized by the reasonable possibility that some loss will be sustained if the deficiencies are not favorably resolved. | |||||||||||||||||||||||||
Based on management's most recent analysis, the risk categories of loans are summarized as follows (in $1,000s): | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Pass | Watch | Substandard | Total | ||||||||||||||||||||||
Portfolio | |||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 315,889 | $ | 52,327 | $ | 83,786 | $ | 452,002 | |||||||||||||||||
Residential (including multi-family) | 106,607 | 17,576 | 22,452 | 146,635 | |||||||||||||||||||||
Construction, land development and other land | 17,129 | 4,123 | 9,250 | 30,502 | |||||||||||||||||||||
Total loans secured by real estate | 439,625 | 74,026 | 115,488 | 629,139 | |||||||||||||||||||||
Commercial and other business-purpose loans | 52,603 | 6,188 | 9,234 | 68,025 | |||||||||||||||||||||
Consumer | 4,953 | 174 | 487 | 5,614 | |||||||||||||||||||||
Other | 1,950 | - | 1,950 | ||||||||||||||||||||||
Total | $ | 499,131 | $ | 80,388 | $ | 125,209 | $ | 704,728 | |||||||||||||||||
December 31, 2012 (As adjusted – Note C) | |||||||||||||||||||||||||
Pass | Watch | Substandard | Total | ||||||||||||||||||||||
Portfolio | |||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 408,689 | $ | 60,929 | $ | 102,858 | $ | 572,476 | |||||||||||||||||
Residential (including multi-family) | 150,861 | 18,951 | 37,529 | 207,341 | |||||||||||||||||||||
Construction, land development and other land | 21,773 | 7,394 | 11,010 | 40,177 | |||||||||||||||||||||
Total loans secured by real estate | 581,323 | 87,274 | 151,397 | 819,994 | |||||||||||||||||||||
Commercial and other business-purpose loans | 82,931 | 4,894 | 14,820 | 102,645 | |||||||||||||||||||||
Consumer | 4,533 | 1,765 | 395 | 6,693 | |||||||||||||||||||||
Other | 1,993 | 1,993 | |||||||||||||||||||||||
Total | $ | 670,780 | $ | 93,933 | $ | 166,612 | $ | 931,325 | |||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||
Loan modifications or restructurings are accounted for as troubled debt restructurings if, for economic or legal reasons, it has been determined that a borrower is experiencing financial difficulties and the bank grants a "concession" to the borrower that it would not otherwise consider. For all classes of loans, a troubled debt restructuring may involve a modification of terms such as a reduction of the stated interest rate or loan balance, a reduction of the accrued interest, an extension of the maturity date at an interest rate lower than a current market rate for a new loan with similar risk, or some combination thereof involving a concession to the borrower to facilitate repayment. | |||||||||||||||||||||||||
The Corporation has designated a troubled debt restructuring as a loan that has been modified because the borrower is experiencing financial difficulty and has been granted one or more of the following concessions: | |||||||||||||||||||||||||
1 | An extension or renewal of a substandard rated loan with no change in rate or terms, and the terms provided are not representative of current market rates for credits with similar risk characteristics; | ||||||||||||||||||||||||
2 | Modification of the interest rate in order to allow the borrower to repay the debt, based on current cash flow sources; | ||||||||||||||||||||||||
3 | A modification to an "interest only" structure for a period of time that should result in the loan being paid off, returned to the contracted terms or refinanced; or | ||||||||||||||||||||||||
4 | A modification of a loan into an A/B note structure, where the A note is at market rate terms and conditions, and the B note has been charged off. | ||||||||||||||||||||||||
Loans modified and classified as troubled debt restructurings are impaired loans. Each loan that is designated as a troubled debt restructuring is individually evaluated for impairment to determine the specific reserve to be established or the charge-off, if any, to be taken. The specific reserve or charge-off amount is determined using the discounted cash flow method, the collateral dependency method or, when available, the observable market price method. | |||||||||||||||||||||||||
The loan portfolios contain generally three categories of troubled debt restructurings, (1) loans for which the rate, amount of the note or terms have been modified, (2) substandard loans for which the rate or terms have not been modified but the loan was extended or renewed at rates or terms deemed below current rate and terms for credits with comparable risk factors, and (3) loans that have been modified with interest only terms. The following are the factors that enter into the determination of the specific reserve or charge-off amount for each of these categories: | |||||||||||||||||||||||||
Loans for which the rate or terms have been modified: The specific reserve or charge-off amount, for which the repayment ability is based on the cash flows of the borrower, is generally determined using a discounted cash flow analysis, adjusted for a probability-of-default factor. The discount period used is based on when the bank believes, depending on cash flows from the borrower or project, that the loan will be paid in full or refinanced. If an event for pay down or an expected refinance cannot be documented, a discount period that will result in the cash flows (after being adjusted for a probability of default), reducing the loan balance down to the collateral value is considered, or as an alternative, the remaining amortization period is generally used. If the loan is deemed collateral dependent, either due to the estimated cash flows not being supported by reasonable and supportable projections, or signifcant uncertainty exists on the borrower's ability to refinance or repay the debt at maturity, the reserve or charge-off will be determined using the collateral dependency method. | |||||||||||||||||||||||||
Loans for which there has been no rate or term modification: If there has been no change in the rate and term, a discounted cash flow analysis, adjusted for a probability of default, is calculated to determine the specific reserve, or if deemed to be collateral dependent, the amount of charge-off required.. | |||||||||||||||||||||||||
Loans that have interest only terms: Unless there is a specific event that can be documented which will result in the loan being paid-off, returned to the original contract terms or refinanced, these loans are generally treated as collateral-dependent and the specific reserve is based on the net value of the collateral held. | |||||||||||||||||||||||||
The following table summarizes loans modified as troubled debt restructurings during the three and nine months ended September 30, 2013 and 2012 (in $1,000s): | |||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||
Number of | Pre-restructuring | Post-restructuring | Post- | ||||||||||||||||||||||
Contracts | Outstanding | Outstanding | restructuring | ||||||||||||||||||||||
Recorded | Recorded | Loan Loss | |||||||||||||||||||||||
Investment | Investment | Reserve | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 7 | $ | 6,941 | $ | 6,211 | $ | 749 | ||||||||||||||||||
Residential | 10 | 848 | 787 | 35 | |||||||||||||||||||||
Construction, land development and other land | - | - | - | - | |||||||||||||||||||||
Total loans secured by real estate | 17 | 7,789 | 6,998 | 784 | |||||||||||||||||||||
Commercial and other business-purpose loans | 2 | 129 | 129 | - | |||||||||||||||||||||
Consumer | 3 | 102 | 102 | 1 | |||||||||||||||||||||
Total | 22 | $ | 8,020 | $ | 7,229 | $ | 785 | ||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||
Number of | Pre-restructuring | Post-restructuring | Post- | ||||||||||||||||||||||
Contracts | Outstanding | Outstanding | restructuring | ||||||||||||||||||||||
Recorded | Recorded | Loan Loss | |||||||||||||||||||||||
Investment | Investment | Reserve | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 31 | $ | 17,200 | $ | 13,916 | $ | 1,066 | ||||||||||||||||||
Residential | 41 | 3,957 | 3,399 | 230 | |||||||||||||||||||||
Construction, land development and other land | 2 | 94 | 91 | 12 | |||||||||||||||||||||
Total loans secured by real estate | 74 | 21,251 | 17,406 | 1,308 | |||||||||||||||||||||
Commercial and other business-purpose loans | 20 | 1,774 | 985 | 297 | |||||||||||||||||||||
Consumer | 3 | 102 | 102 | 1 | |||||||||||||||||||||
Total | 97 | $ | 23,127 | $ | 18,493 | $ | 1,606 | ||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||
Number of | Pre-restructuring | Post-restructuring | Post- | ||||||||||||||||||||||
Contracts | Outstanding | Outstanding | restructuring | ||||||||||||||||||||||
Recorded | Recorded | Loan Loss | |||||||||||||||||||||||
Investment | Investment | Reserve | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 17 | $ | 11,325 | $ | 8,522 | $ | 404 | ||||||||||||||||||
Residential | 15 | 2,427 | 2,195 | 154 | |||||||||||||||||||||
Construction, land development and other land | 3 | 913 | 913 | 33 | |||||||||||||||||||||
Total loans secured by real estate | 35 | 14,665 | 11,630 | 591 | |||||||||||||||||||||
Commercial and other business-purpose loans | 10 | 760 | 764 | 65 | |||||||||||||||||||||
Consumer | - | - | - | - | |||||||||||||||||||||
Total | 45 | $ | 15,425 | $ | 12,394 | $ | 656 | ||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||
Number of | Pre-restructuring | Post-restructuring | Post- | ||||||||||||||||||||||
Contracts | Outstanding | Outstanding | restructuring | ||||||||||||||||||||||
Recorded | Recorded | Loan Loss | |||||||||||||||||||||||
Investment | Investment | Reserve | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 82 | $ | 30,669 | $ | 25,620 | $ | 1,746 | ||||||||||||||||||
Residential | 67 | 8,398 | 7,838 | 489 | |||||||||||||||||||||
Construction, land development and other land | 12 | 1,968 | 1,837 | 57 | |||||||||||||||||||||
Total loans secured by real estate | 161 | 41,035 | 35,295 | 2,292 | |||||||||||||||||||||
Commercial and other business-purpose loans | 25 | 1,784 | 1,644 | 90 | |||||||||||||||||||||
Consumer | 1 | 2 | 1 | - | |||||||||||||||||||||
Total | 187 | $ | 42,821 | $ | 36,940 | $ | 2,382 | ||||||||||||||||||
Of the amounts in the table above for the nine months ended September 30, 2013, approximately $8.4 million, or 45%, and 52 contracts, or 54%, and for the nine months ended September 30, 2012, approximately $15.6 million, or 42%, and 71 contracts, or 38%, are substandard rated loans that were extended or renewed with no change in rate or terms, and the terms provided were not representative of current market rates for loans with similar risk characteristics. The remainder of the troubled debt restructuring pool constitutes loans where repayment terms and/or interest rates were modified, or the loan was modified to an "interest only" structure. | |||||||||||||||||||||||||
The following table summarizes loans modified as troubled debt restructurings in the last twelve months for which there was a payment default (i.e., when a loan becomes 90 days or more past due) during the three and nine months ended September 30, 2013 and 2012 (in $1,000s): | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||
Troubled debt restructurings that subsequently defaulted: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 5 | $ | 2,570 | 12 | $ | 4,874 | |||||||||||||||||||
Residential | 3 | 294 | 19 | 1,990 | |||||||||||||||||||||
Construction, land development and other land | - | - | 4 | 1,427 | |||||||||||||||||||||
Total loans secured by real estate | 8 | 2,864 | 35 | 8,291 | |||||||||||||||||||||
Commercial and other business-purpose loans | - | - | 1 | - | |||||||||||||||||||||
Consumer | - | - | - | - | |||||||||||||||||||||
Total | 8 | $ | 2,864 | 36 | $ | 8,291 | |||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||
Troubled debt restructurings that subsequently defaulted: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 13 | $ | 4,574 | 28 | $ | 6,073 | |||||||||||||||||||
Residential | 8 | 549 | 21 | 1,761 | |||||||||||||||||||||
Construction, land development and other land | 6 | 1,081 | 11 | 1,306 | |||||||||||||||||||||
Total loans secured by real estate | 27 | 6,204 | 60 | 9,140 | |||||||||||||||||||||
Commercial and other business-purpose loans | 4 | 215 | 10 | 441 | |||||||||||||||||||||
Consumer | 1 | 47 | 2 | 48 | |||||||||||||||||||||
Total | 32 | $ | 6,466 | 72 | $ | 9,629 | |||||||||||||||||||
The total amount of troubled debt restructurings as of September 30, 2013 and December 31, 2012 is detailed in the following tables by loan type and accrual status (in $1,000s): | |||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||
On | On Accrual | Total | |||||||||||||||||||||||
Non-Accrual | Status | ||||||||||||||||||||||||
Status | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 31,670 | $ | 53,394 | $ | 85,064 | |||||||||||||||||||
Residential (including multi-family) | 7,651 | 13,694 | 21,345 | ||||||||||||||||||||||
Construction, land development and other land | 3,230 | 4,086 | 7,316 | ||||||||||||||||||||||
Total loans secured by real estate | 42,551 | 71,174 | 113,725 | ||||||||||||||||||||||
Commercial and other business-purpose loans | 2,666 | 3,409 | 6,075 | ||||||||||||||||||||||
Consumer | 117 | 117 | |||||||||||||||||||||||
Total | $ | 45,217 | $ | 74,700 | $ | 119,917 | |||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||
at December 31, 2012 | |||||||||||||||||||||||||
On | On Accrual | Total | |||||||||||||||||||||||
Non-Accrual | Status | ||||||||||||||||||||||||
Status | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 41,350 | $ | 49,305 | $ | 90,655 | |||||||||||||||||||
Residential (including multi-family) | 12,902 | 15,417 | 28,319 | ||||||||||||||||||||||
Construction, land development and other land | 2,797 | 7,465 | 10,262 | ||||||||||||||||||||||
Total loans secured by real estate | 57,049 | 72,187 | 129,236 | ||||||||||||||||||||||
Commercial and other business-purpose loans | 3,965 | 5,695 | 9,660 | ||||||||||||||||||||||
Consumer | 27 | 27 | |||||||||||||||||||||||
Total | $ | 61,014 | $ | 77,909 | $ | 138,923 |
Discontinued_Operations
Discontinued Operations | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Discontinued Operations [Abstract] | ' | |||||||||||
Discontinued Operations | ' | |||||||||||
Note G – Discontinued Operations | ||||||||||||
During the nine months ended September 30, 2013, 1st Commerce Bank, Central Arizona Bank, Pisgah Community Bank, Sunrise Bank and Sunrise Bank of Arizona were closed by either their state regulators or the FDIC (see Note M). Capitol recorded a net loss of $5.9 million on its investment in these banks, which has been included in discontinued operations. | ||||||||||||
The assets, liabilities and results of operations of the above-mentioned banks closed in 2013, together with the results of operations of Mountain View Bank of Commerce, Bank of Michigan, First Carolina State Bank and High Desert Bank, sold in 2012, are classified as discontinued operations for the three and nine months ended September 30, 2013 and 2012 and include the following components (in $1,000s): | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
30-Sep | 30-Sep | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
Interest income | $ | 1,316 | $ | 5,247 | $ | 7,798 | $ | 19,402 | ||||
Interest expense | 125 | 875 | 958 | 3,585 | ||||||||
Net interest income | 1,191 | 4,372 | 6,840 | 15,817 | ||||||||
Provision for loan losses | - | 248 | -581 | 1,455 | ||||||||
Net interest income after provision for loan losses | 1,191 | 4,124 | 7,421 | 14,362 | ||||||||
Noninterest income | 78 | 564 | 1,055 | 2,037 | ||||||||
Gain (loss) on bank subsidiaries discontinued | -4,653 | 29 | -5,911 | 155 | ||||||||
Noninterest expense | 1,177 | 6,120 | 8,018 | 22,588 | ||||||||
Loss before income taxes | -4,561 | -1,403 | -5,453 | -6,034 | ||||||||
Less income taxes | - | 39 | - | 101 | ||||||||
Net loss from discontinued operations | -4,561 | -1,442 | -5,453 | -6,135 | ||||||||
Net loss attributable to noncontrolling interests in consolidated subsidiaries | - | 395 | 327 | 1,412 | ||||||||
Net loss from discontinued operations attributable to Capitol Bancorp Limited | -4,561 | -1,047 | -5,126 | -4,723 | ||||||||
$ | $ | $ | $ | |||||||||
Net loss from discontinued operations per common share attributable to Capitol Bancorp Limited | -0.11 | -0.03 | -0.12 | -0.12 | ||||||||
$ | $ | $ | $ | |||||||||
Assets and liabilities of discontinued operations are summarized below (in $1,000s): | ||||||||||||
Dec 31, | Dec 31, | |||||||||||
2012 | 2012 | |||||||||||
Assets: | Liabilities: | |||||||||||
Cash and cash equivalents | $ | 68,780 | Noninterest-bearing deposits | $ | 76,873 | |||||||
Investment securities | 44 | Interest-bearing deposits | 272,854 | |||||||||
Federal Home Loan Bank stock | 3,075 | Total deposits | 349,727 | |||||||||
Portfolio loans | 278,392 | Other liabilities | 4,293 | |||||||||
Less allowance for loan losses | -11,947 | |||||||||||
Net portfolio loans | 266,445 | $ | 354,020 | |||||||||
Premises and equipment | 3,114 | |||||||||||
Other real estate owned | 17,721 | |||||||||||
Other assets | 2,688 | |||||||||||
$ | 361,867 | |||||||||||
Deconsolidation_of_Subsidiary
Deconsolidation of Subsidiary | 9 Months Ended |
Sep. 30, 2013 | |
DECONSOLIDATION OF SUBSIDIARIES [Abstract] | ' |
Deconsolidation of Subsidiary [Text Block] | ' |
Note H – Deconsolidation of Subsidiary | |
In February 2013, Capitol sold a portion of the shares it owned of Capitol National Bank ("CNB") for $1 million and reduced its ownership in CNB following the execution of separate share exchange agreements consummated in 2011 and 2012. Capitol recorded a net loss of $2.2 million as a result of these transactions, and no longer held a controlling financial interest in CNB after February 28, 2013. Accordingly, CNB ceased to be a consolidated subsidiary of Capitol and assets approximating $146.0 million and related equity amounts were removed from the condensed consolidated balance sheet. Capitol's remaining interest in CNB was sold in April 2013, resulting in an additional net loss of $ 703,000. Proceeds from the sale were placed in escrow pending the issuance by the FDIC of a waiver of cross-guaranty liability, which was recently granted. Pursuant to the terms of a settlement agreement with the FDIC, approved by the Bankruptcy Court on November 12, 2013, the FDIC will receive 85% of the proceeds from the sale of the bank. As such, an additional loss on sale of approximately $1.3 million will be recorded in the fourth quarter of 2013. | |
Fair_Value
Fair Value | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Fair Value [Abstract] | ' | |||||||||||||
Fair Value | ' | |||||||||||||
Note I – Fair Value | ||||||||||||||
Accounting standards establish a hierarchy that prioritizes the use of fair value inputs used in valuation methodologies into the following three levels: | ||||||||||||||
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. | ||||||||||||||
Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable or can be derived from or corroborated by observable market data by correlation or other means. | ||||||||||||||
Level 3: Significant unobservable inputs that reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability. | ||||||||||||||
The following is a description of Capitol's valuation methodologies used to measure and disclose the fair values of its assets and liabilities on a recurring or nonrecurring basis: | ||||||||||||||
Investment securities available for sale: Securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based on quoted prices, when available (Level 1 inputs). If quoted prices are not available, fair values are measured using independent pricing models, as Level 2 inputs. | ||||||||||||||
Mortgage loans held for sale: Mortgage loans held for sale are carried at the lower of aggregate cost or fair value and are measured on a nonrecurring basis. Fair value is based on independent quoted market prices, where applicable (Level 1 inputs), or the prices for other whole mortgage loans with similar characteristics, as Level 2 inputs. There were no mortgage loans held for sale written down to fair value at September 30, 2013. | ||||||||||||||
Loans: The Corporation does not record loans at fair value on a recurring basis. However, from time to time, nonrecurring fair value adjustments to collateral-dependent loans are recorded to reflect partial write-downs based on the observable market price, current appraised value of the collateral or other estimates of fair value, as Level 3 inputs. | ||||||||||||||
Other real estate owned: At the time of foreclosure, foreclosed properties are adjusted to estimated fair value less estimated costs to sell upon transfer from portfolio loans to other real estate owned, establishing a new carrying value. The Corporation subsequently adjusts estimated fair value on other real estate owned on a nonrecurring basis to reflect partial write-downs based on the observable market price or current appraisal data, as Level 3 inputs. | ||||||||||||||
Long-lived and indefinite-lived assets: The Corporation does not record long-lived or indefinite-lived assets at fair value on a recurring basis. However, from time to time, nonrecurring fair value adjustments to a long-lived or indefinite asset are recorded to reflect partial write-downs based on the observable market price or other estimate of fair value in the event of impairment. | ||||||||||||||
There were no liabilities measured at fair value on a recurring or nonrecurring basis as of September 30, 2013 and December 31, 2012. | ||||||||||||||
Assets measured at fair value on a recurring basis were as follows (in $1,000s): | ||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||
Total | Significant Other | Total | Significant Other | |||||||||||
Observable Inputs | Observable Inputs | |||||||||||||
(Level 2) | (Level 2) | |||||||||||||
Investment securities available for sale:(1) | ||||||||||||||
United States treasury | $ | 3,250 | $ | 3,250 | $ | 3,500 | $ | 3,500 | ||||||
United States government agency | 4,682 | 4,682 | 3,987 | 3,987 | ||||||||||
Mortgage-backed | 6,620 | 6,620 | 8,175 | 8,175 | ||||||||||
$ | 14,552 | $ | 14,552 | $ | 15,662 | $ | 15,662 | |||||||
(1) | Level 2 inputs for investment securities available for sale include pricing models from independent pricing sources with reasonable levels of price transparency. | |||||||||||||
Assets measured at fair value on a nonrecurring basis were as follows (in $1,000s): | ||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||
Total | Significant | Significant | ||||||||||||
Unobservable | Total | Unobservable | ||||||||||||
Inputs | Inputs | |||||||||||||
(Level 3) | (Level 3) | |||||||||||||
Impaired loans(1) | $ | 76,950 | $ | 76,950 | $ | 84,035 | $ | 84,035 | ||||||
Other real estate owned(2) | $ | 47,783 | $ | 47,783 | $ | 63,242 | $ | 63,242 | ||||||
(1) | Level 3 inputs for impaired loans include appraised value of the applicable collateral or other unobservable estimates of fair value. | |||||||||||||
(2) | Level 3 inputs for other real estate owned include appraised value of the foreclosed property or other unobservable estimates of fair value. Fair value is reduced by estimated costs to sell the properties (including delinquent real estate taxes). | |||||||||||||
Updated appraisals are generally obtained when it has been determined that a loan has become collateral-dependent. Adjustments to the loan's carrying value (or requirements for an allocation of the allowance for loan losses) are made, when appropriate, after the review of an appraisal or evaluation. The timing of when a collateral-dependent loan should be classified as a nonperforming loan is contingent upon several factors, including the performance of the loan, the borrower's payment history and/or results of the bank's review of updated borrower financial information. | ||||||||||||||
When a borrower's performance has deteriorated (for example, the borrower has become delinquent on required payments, the borrower's updated financial information indicates adverse financial trends or sales/leasing activity is less than expected in the case of multi-unit properties), the loan will be downgraded and, if appropriate, an updated appraisal will be ordered for the loan if it is deemed collateral-dependent. Loans which are not deemed collateral-dependent will be included within loss contingency pools, in conjunction with estimating the bank's requirements for its allowance for loan losses. Upon receipt and review of updated appraisal data or evaluation and after any further fair value analysis is completed on those loans deemed to be collateral-dependent, the loans will be further evaluated for appropriate write-down. Negative differences between appraised value, less estimated costs to sell (including delinquent real estate taxes), and the related carrying value of the loans are generally charged to the allowance for loan losses, as partial write-downs/charge-offs, on a timely basis. Occasionally, additional potential loss amounts may be included if circumstances exist which may further adversely impact fair value estimates. Internally-prepared evaluations may be used to estimate the current valuation changes driven by current economic conditions. Updated fair value information is generally obtained at least annually for collateral-dependent loans and other real estate owned. | ||||||||||||||
Comparative carrying values and estimated fair values of financial instruments based upon the accounting guidance set forth in Accounting Standards Codification 825-10 were as follows (in $1,000s): | ||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||
As Adjusted – Note C | ||||||||||||||
Level Used | Carrying | Estimated | Carrying | Estimated | ||||||||||
to Measure | Value | Fair Value | Value | Fair Value | ||||||||||
Estimated | ||||||||||||||
Fair Value | ||||||||||||||
Financial assets: | ||||||||||||||
Cash | 1 | $ | 22,282 | $ | 22,282 | $ | 43,727 | $ | 43,727 | |||||
Cash equivalents | 2 | 192,849 | 192,849 | 214,340 | 214,340 | |||||||||
Loans held for sale | 2 | 73 | 73 | |||||||||||
Investment securities available for sale | 2 | 14,552 | 14,552 | 15,662 | 15,662 | |||||||||
Federal Home Loan Bank and Federal Reserve Bank stock | 2 | 6,262 | 6,262 | 7,456 | 7,456 | |||||||||
Portfolio loans: | ||||||||||||||
Loans secured by real estate: | ||||||||||||||
Commercial | 3 | 452,002 | 448,343 | 572,476 | 569,789 | |||||||||
Residential (including multi-family) | 3 | 146,635 | 146,848 | 207,341 | 207,737 | |||||||||
Construction, land development and other land | 3 | 30,502 | 30,480 | 40,177 | 40,221 | |||||||||
Total loans secured by real estate | 629,139 | 625,671 | 819,994 | 817,747 | ||||||||||
Commercial and other business-purpose loans | 3 | 68,025 | 67,709 | 102,645 | 102,352 | |||||||||
Consumer | 3 | 5,614 | 5,712 | 6,693 | 6,836 | |||||||||
Other | 3 | 1,950 | 1,835 | 1,993 | 1,864 | |||||||||
Total portfolio loans | 704,728 | 700,927 | 931,325 | 928,799 | ||||||||||
Less allowance for loan losses | 3 | -32,265 | -32,265 | -51,508 | -51,508 | |||||||||
Net portfolio loans | 672,463 | 668,662 | 879,817 | 877,291 | ||||||||||
Financial liabilities: | ||||||||||||||
Deposits: | ||||||||||||||
Noninterest-bearing | 1 | 190,745 | 190,745 | 246,538 | 246,538 | |||||||||
Interest-bearing: | ||||||||||||||
Demand accounts | 2 | 279,916 | 279,916 | 362,710 | 362,710 | |||||||||
Time certificates of less than $100,000 | 3 | 187,919 | 188,997 | 256,261 | 258,728 | |||||||||
Time certificates of $100,000 or more | 3 | 255,909 | 257,246 | 328,632 | 331,081 | |||||||||
Total interest-bearing | 723,744 | 726,159 | 947,603 | 952,519 | ||||||||||
Total deposits | 914,489 | 916,904 | 1,194,141 | 1,199,057 | ||||||||||
Notes payable and other borrowings | 3 | 8,908 | 10,106 | 5,426 | 6,667 | |||||||||
Estimated fair values of financial assets and liabilities in the preceding table are based upon a comparison of current interest rates on financial instruments and the timing of related scheduled cash flows to the estimated present value of such cash flows using current estimated market rates of interest (unless quoted market values or other fair value information is more readily available), except subordinated debentures, for which the fair value is based on the liquidation or principal amount outstanding. For example, the estimated fair value of portfolio loans is determined based on discounted cash flow computations. Similarly, the estimated fair values of time deposits, notes payable and other borrowings were determined through discounted cash flow computations. Except for subordinated debentures, such estimates of fair value are not intended to represent portfolio liquidation value and, accordingly, only represent an estimate of fair value based on current financial reporting requirements. | ||||||||||||||
Given current economic conditions, the majority of the loan portfolio is not readily marketable and, accordingly, market prices may not exist. Capitol has not attempted to market the loan portfolio to potential buyers, if any exist, to determine the fair value of those instruments. Since negotiated prices, if any, in illiquid markets depend upon the then-present motivations of the buyer and seller, it is reasonable to assume that potential sales prices could vary widely from any estimate of fair value made without the benefit of negotiations. Additionally, changes in market interest rates commensurate with risk may dramatically impact the value of financial instruments at any time. Accordingly, fair value measurements for loans included in the preceding table are unlikely to represent the instruments' liquidation values. | ||||||||||||||
Net_Income_Loss_Per_Common_Sha
Net Income (Loss) Per Common Share Attributable to Capitol Bancorp Limited | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Net Loss Per Common Share Attributable to Capitol Bancorp Limited [Abstract] | ' | |||||||||||
Net Income (Loss) Per Common Share Attributable to Capitol Bancorp Limited | ' | |||||||||||
Note J – Net Income (Loss) Per Common Share Attributable to Capitol Bancorp Limited | ||||||||||||
Computations of net income (loss) per common share were based on the following (in 1,000s) for the periods ended September 30: | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
As Adjusted | As Adjusted | |||||||||||
(Note C) | (Note C) | |||||||||||
Numerator—net income (loss) attributable to Capitol Bancorp Limited for the period | $ | -5,703 | $ | -4,923 | $ | 1,130 | $ | -21,724 | ||||
Denominator: | ||||||||||||
Weighted average number of common shares outstanding, excluding unvested restricted shares of common stock (denominator for basic and diluted earnings per share) | 41,169 | 41,070 | 41,169 | 41,037 | ||||||||
Number of antidilutive stock options excluded from diluted earnings per share computation | 878 | 1,445 | 878 | 1,445 | ||||||||
Number of antidilutive unvested restricted shares excluded from basic and diluted earnings per share computation | 2 | 9 | 2 | 9 | ||||||||
Number of antidilutive warrants excluded from diluted earnings per share computation | - | 1,250 | - | 1,250 | ||||||||
Net income (loss) per common share attributable to Capitol Bancorp Limited: | ||||||||||||
From continuing operations | $ | -0.03 | $ | -0.09 | $ | 0.15 | $ | -0.41 | ||||
From discontinued operations | -0.11 | -0.03 | -0.12 | -0.12 | ||||||||
Total net income (loss) per common share attributable to Capitol Bancorp Limited | $ | -0.14 | $ | -0.12 | $ | 0.03 | $ | -0.53 |
TrustPreferred_Securities_and_
Trust-Preferred Securities and Debt Extinguishment | 9 Months Ended |
Sep. 30, 2013 | |
Trust Preferred Securities [Abstract] | ' |
Trust-Preferred Securities and Debt Extinguishment [Text Block] | ' |
Note K – Trust-Preferred Securities and Debt Extinguishment | |
In 2009, the Corporation commenced the deferral of interest payments on its various trust-preferred securities, as is permitted under the terms of the securities, in order to conserve cash resources. The payment of interest on those securities may be deferred for periods up to five years. During such deferral periods, Capitol is prohibited from paying dividends on its common stock (subject to certain exceptions) and is further restricted by Capitol's written agreement with the Federal Reserve Bank of Chicago, which prohibits both payment of interest on the trust-preferred securities and cash dividends without prior written approval from that agency. Accrued interest payable on such securities approximated $33.3 million at September 30, 2013 and December 31, 2012. Holders of the trust-preferred securities recognize current taxable income relating to the deferred interest payments. The accrual of interest was discontinued as of the bankruptcy filing date (see Note B). |
Pending_Sale_of_Subsidiary_Ban
Pending Sale of Subsidiary Banks | 9 Months Ended |
Sep. 30, 2013 | |
Pending Sale of Subsidiary Banks [Abstract] | ' |
Pending Sale of Subsidiary Banks [Text Block] | ' |
Note L – Pending Sale of Subsidiary Banks | |
Capitol has entered into a definitive agreement to sell its controlling interest held by a bank-development subsidiary in Bank of Maumee. Net proceeds from this pending sale (adjusted for the effects of a settlement agreement with the FDIC as approved by the Bankruptcy Court on November 12, 2013 pursuant to which the FDIC will receive 85% of the proceeds from the sale and grant a waiver of the potential assessment of any cross-guaranty liability against Bank of Maumee) are expected to approximate $81,000, resulting in a projected loss of approximately $405,000 based on Capitol's investment in the bank as of September 30, 2013. | |
Capitol has also entered into an agreement to sell its controlling interests held by FCC in Bank of Las Vegas, Indiana Community Bank, Michigan Commerce Bank and Sunrise Bank of Albuquerque in one transaction subject to various bankruptcy bidding proceedings, regulatory approval and other contingencies (refer to page 56 of this document for further information on these bankruptcy proceedings). |
Regulatory_and_Operating_Matte
Regulatory and Operating Matters | 9 Months Ended | ||
Sep. 30, 2013 | |||
Regulatory and Operating Matters [Abstract] | ' | ||
Regulatory and Operating Matters [Text Block] | ' | ||
Note M – Regulatory and Operating Matters | |||
In September 2009, Capitol and its second-tier bank holding companies entered into an agreement with the Federal Reserve Bank of Chicago (the "Reserve Bank") under which Capitol agreed to refrain from the following actions without the prior written consent of the Reserve Bank: (i) declare or pay dividends; (ii) receive dividends or any other form of payment representing a reduction in capital from Michigan Commerce Bank, or from any of its subsidiary institutions that are subject to any restriction by the institution's federal or state regulator that limits the payment of dividends or other intercorporate payments; (iii) make any distributions of interest, principal, or other sums on subordinated debentures or trust-preferred securities; (iv) incur, increase or guarantee any debt; or (v) purchase or redeem any shares of the stock of Capitol, the second-tier bank holding companies, nonbank subsidiaries or any of the subsidiary banks that are held by shareholders other than Capitol. | |||
In addition, Capitol agreed to: (i) submit to the Reserve Bank a written plan to maintain sufficient capital at Capitol on a consolidated basis and at Michigan Commerce Bank (as Capitol's largest bank subsidiary and a separate legal entity on a stand-alone basis); (ii) notify the Reserve Bank no more than 30 days after the end of any quarter in which Capitol's consolidated or Michigan Commerce Bank's capital ratios fall below the approved capital plan's minimum ratios, as well as if any subsidiary institution's ratios fall below the minimum ratios required by the institution's federal or state regulator; (iii) review and revise its allowance for loan losses ("ALLL") methodology for loans held by Capitol and submit to the Reserve Bank a written program for maintenance of an adequate ALLL for loans held by Capitol; (iv) take all necessary actions to ensure each of its subsidiary institutions comply with Federal Reserve regulations; (v) refrain from increasing any fees or charging new fees to any subsidiary institution without the prior written consent of the Reserve Bank; (vi) submit to the Reserve Bank a written plan to enhance the consolidated organization's risk management practices, a strategic plan to improve the consolidated organization's operating results and overall condition, and a cash flow projection; (vii) comply with laws and regulations regarding senior executive officer positions and severance payments; and (viii) provide quarterly reports to the Reserve Bank regarding these undertakings. | |||
Most of Capitol's bank subsidiaries have entered into formal enforcement actions (as well as informal agreements) with their applicable regulatory agencies. Those enforcement actions provide for certain restrictions and other guidelines and/or limitations to be followed by the banks. | |||
The FDIC may issue Prompt Corrective Action Notifications ("PCAN") to banking subsidiaries falling below the "adequately-capitalized" regulatory-capital classification, and subsequently may issue Prompt Correction Action Directives ("PCAD"). PCADs may be issued when a bank, which has previously received a PCAN, has submitted two consecutive capital restoration plans which have been rejected by the FDIC. | |||
Capitol's banking subsidiaries which have received a PCAD are as follows as of September 30, 2013 (listed in descending order based on total assets): | |||
Michigan Commerce Bank | |||
Bank of Las Vegas | |||
Sunrise Bank of Albuquerque | |||
These banks are striving to develop and implement capital restoration plans which may be acceptable to the FDIC. Typically, a capital plan is not deemed acceptable by the FDIC until receipt of the planned capital funds is imminent. | |||
On September 20, 2012, the State of New Mexico Regulation and Licensing Department, Financial Institutions Division (the "New Mexico FID") issued a written notice of its intention to take possession and control of Sunrise Bank of Albuquerque and its assets for the purpose of the reorganization or liquidation through receivership if certain findings of the New Mexico FID were not corrected by December 20, 2012. In the event that such a reorganization or liquidation of Sunrise Bank of Albuquerque had taken place, the FDIC would have experienced losses and such losses could have been assessed against the Corporation's other depository institution subsidiaries. Such liability would likely have had a material adverse effect on the financial condition of any assessed subsidiary institution and on the Corporation as the common parent. In February 2013, Capitol provided Sunrise Bank of Albuquerque with a $1.0 million capital injection to raise the Bank's capital level to 4.00% and thus satisfied the New Mexico FID mandate. The Bank continues to provide banking services in a normal manner, including maintaining FDIC insurance for its depositors. However, the Bank's capital level fell below 4.00% as of June 30, 2013 and, as such, the New Mexico FID has reissued a notice of intent to take possession and contol of the Bank following an administrative hearing scheduled for November 22, 2013. Since receiving this notice, Capitol has entered into an agreement to sell the Bank. | |||
On May 10, 2013, Sunrise Bank, a subsidiary bank of Capitol, was closed by the Georgia Department of Banking and Finance and the FDIC was appointed as receiver. The FDIC entered into a purchase and assumption agreement with Synovus Bank, based in Columbus, Georgia, to assume all of the deposits of Sunrise Bank. As the owner of substantially all of the capital stock of Sunrise Bank, Capitol would be entitled to the net recoveries, if any, following the liquidation or sale of Sunrise Bank or its assets by the FDIC. However, Capitol believes it will not realize any recovery. | |||
Also on May 10, 2013, Pisgah Community Bank ("PCB"), a subsidiary bank of Capitol, was closed by the North Carolina Office of the Commissioner of Banks and the FDIC was appointed as receiver. The FDIC entered into a purchase and assumption agreement with Capital Bank, NA, based in Rockville, Maryland, to assume all of the deposits of PCB. As the owner of substantially all of the capital stock of PCB, Capitol would be entitled to the net recoveries, if any, following the liquidation or sale of PCB or its assets by the FDIC. However, Capitol believes it will not realize any recovery. | |||
On May 14, 2013, Central Arizona Bank ("CAB"), a subsidiary bank of Capitol, was closed by the Arizona Department of Financial Institutions and the FDIC was appointed as receiver. The FDIC entered into a purchase and assumption agreement with Western State Bank, based in Devils Lake, North Dakota, to assume all of the deposits of CAB. As the owner of substantially all of the capital stock of CAB, Capitol would be entitled to the net recoveries, if any, following the liquidation or sale of CAB or its assets by the FDIC. However, Capitol believes it will not realize any recovery. | |||
On June 6, 2013, 1st Commerce Bank, a subsidiary bank of Capitol, was closed by the FDIC and the FDIC appointed itself as receiver. The FDIC entered into a purchase and assumption agreement with Plaza Bank, based in Irvine, California, to assume all of the deposits of 1st Commerce Bank. As the owner of substantially all of the capital stock of 1st Commerce Bank, Capitol would be entitled to the net recoveries, if any, following the liquidation or sale of 1st Commerce Bank or its assets by the FDIC. However, Capitol believes it will not realize any recovery. | |||
On August 23, 2013, Sunrise Bank of Arizona, a subsidiary bank of Capitol, was closed by the Arizona Department of Financial Institutions and the FDIC was appointed as receiver. The FDIC entered into a purchase and assumption agreement with First Fidelity Bank, National Association, based in Oklahoma City, Oklahoma, to assume all of the deposits of Sunrise Bank of Arizona. As the owner of substantially all of the capital stock of Sunrise Bank of Arizona, Capitol would be entitled to the net recoveries, if any, following the liquidation or sale of Sunrise Bank of Arizona or its assets by the FDIC. However, Capitol believes it will not realize any recovery. | |||
It is likely that the FDIC will experience losses in connection with these closures, and the FDIC could assess such losses against the Corporation's other depository institution subsidiaries. Such liability would have a material adverse effect on the financial condition of any assessed subsidiary institution and on Capitol as the common parent. | |||
On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") was signed into law and is significantly impacting the regulation of financial institutions and the financial services industry. The Dodd-Frank Act includes provisions affecting large and small financial institutions alike, including several provisions that will profoundly affect how community banks, thrifts and smaller bank holding companies will be regulated in the future. Among other things, these provisions abolished the Office of Thrift Supervision and transferred its functions to other federal banking agencies, relaxed rules regarding interstate branching, allowed financial institutions to pay interest on business checking accounts, changed the scope of FDIC insurance coverage and imposed new capital requirements on bank holding companies, including removing trust-preferred securities as a permitted component of a holding company's Tier 1 capital, following a three-year phase-in period beginning January 1, 2013. The Dodd-Frank Act also established the Bureau of Consumer Financial Protection as an independent entity within the Federal Reserve, which was given the authority to promulgate consumer protection regulations applicable to all entities offering consumer financial services or products, including banks. Additionally, the Dodd-Frank Act includes a series of provisions covering mortgage loan origination standards affecting, among other things, originator compensation, minimum repayment standards and prepayments. Management continues to evaluate the provisions of the Dodd-Frank Act and assess its probable impact on the Corporation's business, financial condition and results of operations. However, the ultimate effect of the Dodd-Frank Act on the financial services industry in general, and on the Corporation in particular, remains uncertain. | |||
In December 2010, the Basel Committee on Banking Supervision, an international forum for cooperation on banking supervisory matters, announced the "Basel III" capital rules, which set forth new capital requirements for banking organizations. On July 2, 2013, the Federal Reserve Board approved a final rule that establishes an integrated regulatory capital framework implementing the Basel III regulatory capital reforms in the United States. Under the final rule, a new minimum ratio of common equity Tier 1 capital to risk-weighted assets of 4.5% and a common equity Tier 1 capital conservation buffer of 2.5% of risk-weighted assets will be applied to all supervised financial institutions. The rule also raises the minimum ratio of Tier 1 capital to risk-weighted assets from 4% to 6% and includes a minimum leverage ratio of 4% for all banking organizations. These new capital requirements will be phased in over time with the phase-in period for smaller, less complex banking organizations beginning in January 2015 and the phase-in period for larger institutions beginning in January 2014. Additionally, the U.S. implementation of Basel III provides for the ability to treat trust-preferred securities purchased before May 19, 2010 as Tier 1 capital for banking organizations with less than $15 billion in assets. The ultimate impact of the U.S. implementation of the new capital and liquidity standards to Capitol and its affiliate banks as well as the impact upon Capitol's earnings or financial position is difficult to determine at this point due to the current bankruptcy proceedings. | |||
In July 2011, Capitol adopted a Tax Benefits Preservation Plan (the "Plan") designed to preserve substantial tax assets. Capitol's tax attributes include net operating losses that could be utilized in certain circumstances to offset taxable income and to reduce federal income tax liability. Capitol's ability to use these tax attributes would be substantially limited if an "ownership change" was to occur, as defined under Section 382 of the Internal Revenue Code and related Internal Revenue Service pronouncements. In accordance with the provisions of the Plan, Capitol's board of directors declared a dividend of one preferred share purchase right for each outstanding share of its common stock distributable to shareholders of record as of August 1, 2011, as well as to holders of common stock issued subsequent to that date, which would only be activated if triggered under the Plan. | |||
Regulatory capital matters are set forth in Note N. |
Regulatory_Capital_Matters
Regulatory Capital Matters | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Regulatory Capital Matters [Abstract] | ' | |||||
Regulatory Capital Matters | ' | |||||
Note N – Regulatory Capital Matters | ||||||
The following table summarizes the amounts (in $1,000s) and related ratios of Capitol's consolidated regulatory capital position: | ||||||
30-Sep-13 | December 31, 2012 (4) | |||||
Tier 1 capital to average adjusted total assets: | ||||||
Minimum required amount(1) | ≥$ | 42,326 | ≥$ | 66,520 | ||
Actual amount | $ | -142,572 | $ | -144,341 | ||
Ratio | -13.47% | -8.68% | ||||
Tier 1 capital to risk-weighted assets: | ||||||
Minimum required amount(2) | ≥$ | 29,020 | ≥$ | 49,402 | ||
Actual amount | $ | -142,572 | $ | -144,341 | ||
Ratio | -19.65% | -11.69% | ||||
Combined Tier 1 and Tier 2 capital to risk- weighted assets: | ||||||
Minimum required amount(3) | ≥$ | 58,041 | ≥$ | 98,805 | ||
Actual amount | $ | -142,572 | $ | -144,341 | ||
Ratio | -19.65% | -11.69% | ||||
-1 | The minimum required ratio of Tier 1 capital to average adjusted total assets to be considered "adequately-capitalized" is 4 %. | |||||
-2 | The minimum required ratio of Tier 1 capital to risk-weighted assets to be considered "adequately-capitalized" is 4 %. | |||||
-3 | The minimum required ratio of Tier 1 and Tier 2 capital to risk-weighted assets to be considered "adequately-capitalized" is 8 %. | |||||
-4 | As originally filed with regulatory agency. | |||||
Capitol's total risk-based capital ratios at September 30, 2013 and December 31, 2012 were materially and adversely impacted by the exclusion of approximately $ 160.7 million and $167.3 million, respectively, of Tier 2 capital, inasmuch as Tier 2 capital is limited to 100% of Tier 1 capital, primarily trust-preferred securities and a portion of the allowance for loan losses. The Tier 1 capital deficit resulted generally from operating losses. Capitol's Tier 1 capital will need to increase to a positive level in order to allow for the inclusion of trust-preferred securities in Tier 2 capital for regulatory capital computation purposes. | ||||||
The preceding summary indicates that Capitol, on a consolidated basis, was classified as less than "adequately-capitalized" at September 30, 2013 for regulatory purposes. In addition, several of its bank subsidiaries had capital levels resulting in classification as "significantly-undercapitalized" at that date. Banks and bank holding companies which are less than "adequately-capitalized" are subject to increased regulatory oversight, requirements and limitations. Regarding banks classified as less than "adequately-capitalized," or otherwise noncompliant with formal regulatory agreements, management is taking appropriate action to improve such capital classifications and related compliance in the future. | ||||||
Regulatory capital ratios of the banks are set forth on page 50 on this document. | ||||||
DebtorinPossession_Financial_I1
Debtor-in-Possession Financial Information (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Debtor-in-Possession Financial Information [Abstract] | ' | |||||||||||
Liabilities Subject To Compromise Disclosures [Table Text Block] | ' | |||||||||||
As required by ASC Topic 852, the amount of liabilities subject to compromise represents management's estimate of known or potential prepetition and post-petition claims to be addressed in connection with the bankruptcy filing. Such claims are subject to future adjustments. The liabilities subject to compromise consist of the following (in $1,000s): | ||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||
Trust-preferred securities | $ | 151,296 | $ | 151,296 | ||||||||
Senior notes | 6,820 | 6,820 | ||||||||||
Accrued interest payable | 33,318 | 33,318 | ||||||||||
Accrued estimated taxes payable | 3,196 | 7,108 | ||||||||||
Accounts payable and other accrued liabilities | 1,093 | 1,751 | ||||||||||
Total liabilities subject to compromise | $ | 195,723 | $ | 200,293 | ||||||||
Reorganization Expense Items [Table Text Block] | ' | |||||||||||
Professional advisory fees and other costs directly associated with the reorganization are reported separately as reorganization items pursuant to ASC Topic 852. The reorganization items for the three and nine months ended September 30 consisted of the following (in $1,000s): | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
30-Sep | 30-Sep | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
Professional fees | $ | 360 | $ | 665 | $ | 2,195 | $ | 665 | ||||
Deferred issuance costs | - | 2,081 | - | 2,081 | ||||||||
$ | 360 | $ | 2,746 | $ | 2,195 | $ | 2,746 | |||||
Change_in_Accounting_Principle1
Change in Accounting Principle (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Change in Accounting Principle [Abstract] | ' | |||||||||||
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | ' | |||||||||||
All 2012 periods have been retrospectively adjusted to reflect the change in accounting principle. The following tables summarize the adjustments to the Corporation's unaudited condensed consolidated financial statements for each affected line item (in $1,000s, except per-share data): | ||||||||||||
Condensed Consolidated Balance Sheet (Unaudited) | ||||||||||||
As of December 31, 2012 | ||||||||||||
As Previously Reported | Reclassification of Discontinued | Effect of Change | As Adjusted | |||||||||
Operations(1) | in Accounting | |||||||||||
Principle | ||||||||||||
Portfolio loans, less allowance for loan losses | $ | 1,143,212 | $ | -266,445 | $ | 3,050 | $ | 879,817 | ||||
Total assets | 1,618,252 | 3,050 | 1,621,302 | |||||||||
Accrued interest on deposits and other liabilities | 9,779 | -1,291 | -3,518 | 4,970 | ||||||||
Total liabilities | 1,762,368 | -3,518 | 1,758,850 | |||||||||
Retained-earnings deficit | -430,590 | 6,568 | -424,022 | |||||||||
Total Capitol Bancorp Limited stockholders' equity deficit | -133,869 | 6,568 | -127,301 | |||||||||
Total equity deficit | -144,116 | 6,568 | -137,548 | |||||||||
(1) For comparative purposes, original balances as previously reported have also been adjusted to exclude amounts related to discontinued operations. | ||||||||||||
Condensed Consolidated Statement of Operations (Unaudited) | ||||||||||||
Three Months Ended September 30, 2012 | ||||||||||||
As Previously Reported | Reclassification of Discontinued Operations(1) | Effect of Change in Accounting Principle | As Adjusted | |||||||||
Costs associated with foreclosed properties and other real estate owned | $ | 3,172 | $ | -1,252 | $ | -750 | $ | 1,170 | ||||
Total noninterest expense | 23,735 | -5,624 | -750 | 17,361 | ||||||||
Loss before income tax benefit | -6,155 | 1,501 | 750 | -3,904 | ||||||||
Loss from continuing operations | -6,203 | 1,501 | 750 | -3,952 | ||||||||
Net loss | -6,144 | 750 | -5,394 | |||||||||
Net loss attributable to Capitol Bancorp Limited | -5,673 | 750 | -4,923 | |||||||||
Net loss per common share attributable to Capitol Bancorp Limited | $ | -0.14 | $ | -0.12 | ||||||||
Nine Months Ended September 30, 2012 | ||||||||||||
As Previously Reported | Reclassification of Discontinued Operations(1) | Effect of Change in Accounting Principle | As Adjusted | |||||||||
Costs associated with foreclosed properties and other real estate owned | $ | 14,227 | $ | -5,279 | $ | -2,200 | $ | 6,748 | ||||
Total noninterest expense | 77,509 | -19,138 | -2,200 | 56,171 | ||||||||
Loss before income tax benefit | -25,905 | 6,291 | 2,200 | -17,414 | ||||||||
Loss from continuing operations | -25,909 | 6,291 | 2,200 | -17,418 | ||||||||
Net loss | -25,753 | 2,200 | -23,553 | |||||||||
Net loss attributable to Capitol Bancorp Limited | -23,924 | 2,200 | -21,724 | |||||||||
Net loss per common share attributable to Capitol Bancorp Limited | $ | -0.58 | $ | -0.53 | ||||||||
-1 | For comparative purposes, original balances as previously reported have also been adjusted to exclude amounts related to discontinued operations. |
Investment_Securities_Tables
Investment Securities (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Investment Securities [Abstract] | ' | |||||||||||
Schedule Of Available For Sale And Held To Maturity Securities [Table Text Block] | ' | |||||||||||
Investment securities available for sale consisted of the following (in $1,000s): | ||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||
Amortized | Estimated Fair Value | Amortized | Estimated | |||||||||
Cost | Cost | Fair Value | ||||||||||
United States treasury | $ | 3,249 | $ | 3,250 | $ | 3,499 | $ | 3,500 | ||||
United States government agency | 5,000 | 4,682 | 4,000 | 3,987 | ||||||||
Mortgage-backed | 6,564 | 6,620 | 8,055 | 8,175 | ||||||||
$ | 14,813 | $ | 14,552 | $ | 15,554 | $ | 15,662 | |||||
Gross unrealized gains and losses and carrying value of available-for-sale securities | ' | |||||||||||
Gross unrealized gains and losses on investment securities available for sale were as follows (in $1,000s): | ||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||
Gains | Losses | Gains | Losses | |||||||||
United States treasury | $ | 1 | $ | 1 | ||||||||
United States government agency | 1 | $ | 319 | $ | 13 | |||||||
Mortgage-backed | 60 | 4 | 120 | |||||||||
$ | 62 | $ | 323 | $ | 121 | $ | 13 | |||||
The age of gross unrealized losses and carrying value (at estimated fair value) of securities available for sale are summarized below (in $1,000s): | ||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||
Unrealized | Carrying | Unrealized | Carrying | |||||||||
Loss | Value | Loss | Value | |||||||||
One year or less: | ||||||||||||
United States government agencies | $ | 319 | $ | 4,181 | $ | 13 | $ | 3,987 | ||||
Mortgage-backed | 4 | 1,741 | - | - | ||||||||
$ | 323 | 5,922 | 13 | 3,987 | ||||||||
Scheduled maturities of investment securities | ' | |||||||||||
Scheduled maturities of investment securities held as of September 30, 2013 were as follows (in $1,000s): | ||||||||||||
Amortized | Estimated | |||||||||||
Cost | Fair Value | |||||||||||
Due in one year or less | $ | 3,249 | $ | 3,250 | ||||||||
After one year, through five years | 1,000 | 999 | ||||||||||
After five years, through ten years | 4,349 | 4,295 | ||||||||||
After ten years | 6,215 | 6,008 | ||||||||||
$ | 14,813 | $ | 14,552 |
Loans_Tables
Loans (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Loans [Abstract] | ' | ||||||||||||||||||||||||
Schedule of allowance for loan losses and the carrying amount of loans | ' | ||||||||||||||||||||||||
The following tables present the allowance for loan losses and the carrying amount of loans based on management's overall assessment of probable incurred losses (in $1,000s), and should not be interpreted as an indication of future charge-offs: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,570 | $ | 1,917 | $ | 873 | $ | 1,328 | $ | 3 | $ | 8,691 | |||||||||||||
Collectively evaluated for probable incurred losses | 7,301 | 4,363 | 694 | 1,746 | 213 | $ | 187 | $ | 9,070 | 23,574 | |||||||||||||||
Total allowance for loan losses | $ | 11,871 | $ | 6,280 | $ | 1,567 | $ | 3,074 | $ | 216 | $ | 187 | $ | 9,070 | $ | 32,265 | |||||||||
Portfolio loans: | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 71,684 | $ | 17,436 | $ | 8,253 | $ | 6,849 | $ | 28 | $ | 104,250 | |||||||||||||
Collectively evaluated for probable incurred losses | 380,318 | 129,199 | 22,249 | 61,176 | 5,586 | $ | 1,950 | 600,478 | |||||||||||||||||
Total portfolio loans | $ | 452,002 | $ | 146,635 | $ | 30,502 | $ | 68,025 | $ | 5,614 | $ | 1,950 | $ | 704,728 | |||||||||||
December 31, 2012 (As Adjusted – Note C) | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 6,214 | $ | 2,153 | $ | 881 | $ | 1,022 | $ | 8 | $ | 10,278 | |||||||||||||
Collectively evaluated for probable incurred losses | 8,721 | 6,241 | 1,063 | 3,441 | 866 | $ | 3 | $ | 20,895 | 41,230 | |||||||||||||||
Total allowance for loan losses | $ | 14,935 | $ | 8,394 | $ | 1,944 | $ | 4,463 | $ | 874 | $ | 3 | $ | 20,895 | $ | 51,508 | |||||||||
Portfolio loans: | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 89,964 | $ | 29,314 | $ | 10,447 | $ | 10,071 | $ | 22 | $ | 139,818 | |||||||||||||
Collectively evaluated for probable incurred losses | 482,512 | 178,027 | 29,730 | 92,574 | 6,671 | $ | 1,993 | 791,507 | |||||||||||||||||
Total portfolio loans | $ | 572,476 | $ | 207,341 | $ | 40,177 | $ | 102,645 | $ | 6,693 | $ | 1,993 | $ | 931,325 | |||||||||||
Schedule of summarize activity in the allowance for loan losses | ' | ||||||||||||||||||||||||
The tables below summarize activity in the allowance for loan losses for the three and nine months ended September 30, 2013 and 2012 (in $1,000s) by loan type: | |||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Beginning balance | $ | 11,444 | $ | 6,443 | $ | 1,936 | $ | 2,615 | $ | 303 | $ | 391 | $ | 9,378 | $ | 32,510 | |||||||||
Charge-offs | -1,453 | -800 | -234 | -411 | -2 | - | -2,900 | ||||||||||||||||||
Recoveries | 1,509 | 470 | 334 | 259 | 80 | - | 2,652 | ||||||||||||||||||
Net charge-offs | 56 | -330 | 100 | -152 | 78 | - | -248 | ||||||||||||||||||
Provision for loan losses | 173 | 103 | -482 | 581 | -167 | -205 | - | 3 | |||||||||||||||||
Net change in unallocated allowance | 198 | 64 | 13 | 30 | 2 | 1 | -308 | ||||||||||||||||||
Ending balance | $ | 11,871 | $ | 6,280 | $ | 1,567 | $ | 3,074 | $ | 216 | $ | 187 | $ | 9,070 | $ | 32,265 | |||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Beginning balance | $ | 14,935 | $ | 8,394 | $ | 1,944 | $ | 4,463 | $ | 874 | $ | 3 | $ | 20,895 | $ | 51,508 | |||||||||
Less allowance for deconsolidated subsidiary – Note H | -765 | -869 | -53 | -422 | -48 | -2,157 | |||||||||||||||||||
Charge-offs | -6,435 | -3,237 | -2,906 | -980 | -318 | -7 | -13,883 | ||||||||||||||||||
Recoveries | 3,631 | 1,602 | 2,254 | 1,338 | 155 | - | 8,980 | ||||||||||||||||||
Net charge-offs | -2,804 | -1,635 | -652 | 358 | -163 | -7 | -4,903 | ||||||||||||||||||
Provision for loan losses | 746 | 468 | 344 | -1,289 | -444 | 192 | -12,200 | -12,183 | |||||||||||||||||
Net change in unallocated allowance | -241 | -78 | -16 | -36 | -3 | -1 | 375 | ||||||||||||||||||
Ending balance | $ | 11,871 | $ | 6,280 | $ | 1,567 | $ | 3,074 | $ | 216 | $ | 187 | $ | 9,070 | $ | 32,265 | |||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Beginning balance | $ | 22,642 | $ | 10,014 | $ | 3,192 | $ | 8,760 | $ | 228 | $ | 368 | $ | 13,114 | $ | 58,318 | |||||||||
Charge-offs | -4,533 | -2,985 | -657 | -472 | -171 | 23 | -8,795 | ||||||||||||||||||
Recoveries | 614 | 359 | 312 | 876 | 276 | 63 | 2,500 | ||||||||||||||||||
Net charge-offs | -3,919 | -2,626 | -345 | 404 | 105 | 86 | -6,295 | ||||||||||||||||||
Provision for loan losses | 2,466 | 1,595 | -703 | -2,556 | -97 | -428 | 277 | ||||||||||||||||||
Net change in unallocated allowance | -3,338 | -1,107 | -273 | -554 | -43 | -12 | 5,327 | ||||||||||||||||||
Ending balance | $ | 17,851 | $ | 7,876 | $ | 1,871 | $ | 6,054 | $ | 193 | $ | 14 | $ | 18,441 | $ | 52,300 | |||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||
Secured by Real Estate | |||||||||||||||||||||||||
Commercial | Residential | Construction, | Commercial | Consumer | Other | Unallocated | Total | ||||||||||||||||||
(including | Land | and Other | |||||||||||||||||||||||
multi- | Development | Business- | |||||||||||||||||||||||
family) | and Other | Purpose | |||||||||||||||||||||||
Land | Loans | ||||||||||||||||||||||||
Beginning balance | $ | 26,576 | $ | 15,854 | $ | 6,739 | $ | 11,057 | $ | 533 | $ | 12 | $ | 4,447 | $ | 65,218 | |||||||||
Charge-offs | -11,141 | -7,857 | -2,503 | -6,125 | -373 | -656 | -28,655 | ||||||||||||||||||
Recoveries | 4,193 | 3,907 | 1,320 | 5,046 | 410 | 70 | 14,946 | ||||||||||||||||||
Net charge-offs | -6,948 | -3,950 | -1,183 | -1,079 | 37 | -586 | -13,709 | ||||||||||||||||||
Provision for loan losses | 6,992 | -1,120 | -2,968 | -2,468 | -266 | 621 | 791 | ||||||||||||||||||
Net change in unallocated allowance | -8,769 | -2,908 | -717 | -1,456 | -111 | -33 | 13,994 | ||||||||||||||||||
Ending balance | $ | 17,851 | $ | 7,876 | $ | 1,871 | $ | 6,054 | $ | 193 | $ | 14 | $ | 18,441 | $ | 52,300 | |||||||||
Schedule of nonperforming loans and other nonperforming assets | ' | ||||||||||||||||||||||||
Nonperforming loans (i.e., loans which are 90 days or more past due and still accruing interest and loans on nonaccrual status) and other nonperforming assets are summarized below (in $1,000s): | |||||||||||||||||||||||||
30-Sep-13 | 30-Jun-13 | 31-Mar-13 | 31-Dec-12 | ||||||||||||||||||||||
As Adjusted | |||||||||||||||||||||||||
(Note C) | |||||||||||||||||||||||||
Nonaccrual loans: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 46,944 | $ | 55,172 | $ | 60,045 | $ | 65,443 | |||||||||||||||||
Residential (including multi-family) | 12,242 | 15,847 | 18,063 | 21,049 | |||||||||||||||||||||
Construction, land development and other land | 5,292 | 5,937 | 6,161 | 5,667 | |||||||||||||||||||||
Total loans secured by real estate | 64,478 | 76,956 | 84,269 | 92,159 | |||||||||||||||||||||
Commercial and other business-purpose loans | 4,680 | 5,238 | 6,021 | 8,159 | |||||||||||||||||||||
Consumer | 133 | 139 | 328 | 189 | |||||||||||||||||||||
Total nonaccrual loans | 69,291 | 82,333 | 90,618 | 100,507 | |||||||||||||||||||||
Past due (>90 days) loans and accruing interest: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | - | - | 1,017 | 515 | |||||||||||||||||||||
Residential (including multi-family) | - | - | - | 85 | |||||||||||||||||||||
Total loans secured by real estate | - | - | 1,017 | 600 | |||||||||||||||||||||
Commercial and other business-purpose loans | - | - | - | 70 | |||||||||||||||||||||
Total past due loans | - | - | 1,017 | 670 | |||||||||||||||||||||
Total nonperforming loans | $ | 69,291 | $ | 82,333 | $ | 91,635 | 101,177 | ||||||||||||||||||
Real estate owned and other repossessed assets | 47,815 | 46,775 | 54,887 | 63,306 | |||||||||||||||||||||
Total nonperforming assets | $ | 117,106 | $ | 129,108 | $ | 146,522 | 164,483 | ||||||||||||||||||
Schedule of impaired loans | ' | ||||||||||||||||||||||||
Impaired loans are summarized in the following table (in $1,000s), based on loans which either have an allowance for loan losses recorded or no such allowance as of September 30, 2013: | |||||||||||||||||||||||||
Carrying | Unpaid | Related | |||||||||||||||||||||||
Value | Principal | Allowance | |||||||||||||||||||||||
Balance | for Loan | ||||||||||||||||||||||||
Losses | |||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 46,502 | $ | 59,377 | $ | 5,276 | |||||||||||||||||||
Residential (including multi-family) | 14,770 | 26,603 | 3,382 | ||||||||||||||||||||||
Construction, land development and other land | 5,536 | 9,293 | 919 | ||||||||||||||||||||||
Total loans secured by real estate | 66,808 | 95,273 | 9,577 | ||||||||||||||||||||||
Commercial and other business-purpose loans | 5,096 | 11,986 | 1,217 | ||||||||||||||||||||||
Consumer | 199 | 449 | 31 | ||||||||||||||||||||||
72,103 | 107,708 | 10,825 | |||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 57,782 | 75,745 | |||||||||||||||||||||||
Residential (including multi-family) | 11,524 | 12,391 | |||||||||||||||||||||||
Construction, land development and other land | 4,470 | 5,882 | |||||||||||||||||||||||
Total loans secured by real estate | 73,776 | 94,018 | |||||||||||||||||||||||
Commercial and other business-purpose loans | 3,123 | 3,761 | |||||||||||||||||||||||
Consumer | 51 | 51 | |||||||||||||||||||||||
76,950 | 97,830 | ||||||||||||||||||||||||
Total | $ | 149,053 | $ | 205,538 | $ | 10,825 | |||||||||||||||||||
Interest income is recorded on impaired loans if not on nonaccrual status, or may be recorded on a cash basis in some circumstances, if such payments are not credited to principal. For the three and nine months ended September 30, 2013 and 2012, the average recorded investment in impaired loans and interest income recorded on impaired loans were as follows (in $1,000s): | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||
Investment | Recorded | Investment | Recorded | ||||||||||||||||||||||
Commercial | $ | 111,720 | $ | 2,003 | $ | 117,185 | $ | 5,472 | |||||||||||||||||
Residential (including multi-family) | 32,733 | 380 | 38,059 | 1,057 | |||||||||||||||||||||
Construction, land development and other land | 14,504 | 60 | 18,582 | 229 | |||||||||||||||||||||
Total loans secured by real estate | 158,957 | 2,443 | 173,826 | 6,758 | |||||||||||||||||||||
Commercial and other business-purpose loans | 11,243 | 100 | 13,937 | 410 | |||||||||||||||||||||
Consumer | 236 | 7 | 196 | 7 | |||||||||||||||||||||
Total | $ | 170,436 | $ | 2,550 | $ | 187,959 | $ | 7,175 | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||
Investment | Recorded | Investment | Recorded | ||||||||||||||||||||||
As Adjusted | As Adjusted | ||||||||||||||||||||||||
(Note C) | (Note C) | ||||||||||||||||||||||||
Commercial | $ | 126,443 | $ | 1,715 | $ | 128,941 | $ | 3,717 | |||||||||||||||||
Residential (including multi-family) | 49,098 | 596 | 48,687 | 1,722 | |||||||||||||||||||||
Construction, land development and other land | 25,137 | 30 | 25,510 | 540 | |||||||||||||||||||||
Total loans secured by real estate | 200,678 | 2,341 | 203,138 | 5,979 | |||||||||||||||||||||
Commercial and other business-purpose loans | 18,315 | 61 | 18,661 | 671 | |||||||||||||||||||||
Consumer | 180 | - | 172 | 7 | |||||||||||||||||||||
Total | $ | 219,173 | $ | 2,402 | $ | 221,971 | $ | 6,657 | |||||||||||||||||
Impaired loans are summarized in the following table (in $1,000s), based on loans which either have an allowance for loan losses recorded or no such allowance as of December 31, 2012: | |||||||||||||||||||||||||
Carrying | Unpaid | Related | |||||||||||||||||||||||
Value | Principal | Allowance | |||||||||||||||||||||||
Balance | for Loan | ||||||||||||||||||||||||
Losses | |||||||||||||||||||||||||
As Adjusted | As Adjusted | ||||||||||||||||||||||||
(Note C) | (Note C) | ||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 61,640 | $ | 75,459 | $ | 7,563 | |||||||||||||||||||
Residential (including multi-family) | 17,776 | 31,470 | 2,706 | ||||||||||||||||||||||
Construction, land development and other land | 7,150 | 11,562 | 1,036 | ||||||||||||||||||||||
Total loans secured by real estate | 86,566 | 118,491 | 11,305 | ||||||||||||||||||||||
Commercial and other business-purpose loans | 7,609 | 17,134 | 1,574 | ||||||||||||||||||||||
Consumer | 207 | 1,351 | 57 | ||||||||||||||||||||||
94,382 | 136,976 | 12,936 | |||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 53,108 | 81,579 | |||||||||||||||||||||||
Residential (including multi-family) | 18,690 | 21,791 | |||||||||||||||||||||||
Construction, land development and other land | 5,982 | 9,136 | |||||||||||||||||||||||
Total loans secured by real estate | 77,780 | 112,506 | |||||||||||||||||||||||
Commercial and other business-purpose loans | 6,246 | 8,112 | |||||||||||||||||||||||
Consumer | 9 | 9 | |||||||||||||||||||||||
84,035 | 120,627 | ||||||||||||||||||||||||
Total | $ | 178,417 | $ | 257,603 | $ | 12,936 | |||||||||||||||||||
Schedule of summarize the aging and amounts of past due loans | ' | ||||||||||||||||||||||||
The following tables summarize the aging and amounts of past due loans (in $1,000s): | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Past Due Loans | Total | ||||||||||||||||||||||||
(based on payment due dates) | Amount of | ||||||||||||||||||||||||
More Than | More Than | Loans on | Loans More | Loans Either | Total | ||||||||||||||||||||
29 Days, | 89 Days | Nonaccrual | Than 29 Days | Current or | Portfolio | ||||||||||||||||||||
and Less Than | (Accruing) | Status | Past Due or on | Less Than | Loans | ||||||||||||||||||||
90 Days | (Generally, 90 | Nonaccrual | 30 Days | ||||||||||||||||||||||
Days or More) | Status | Past Due | |||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 4,798 | $ | - | $ | 46,944 | $ | 51,742 | $ | 400,260 | $ | 452,002 | |||||||||||||
Residential (including multi-family) | 1,582 | 12,242 | 13,824 | 132,811 | 146,635 | ||||||||||||||||||||
Construction, land development and other land | 697 | 5,292 | 5,989 | 24,513 | 30,502 | ||||||||||||||||||||
Total loans secured by real estate | 7,077 | - | 64,478 | 71,555 | 557,584 | 629,139 | |||||||||||||||||||
Commercial and other business-purpose loans | 772 | 4,680 | 5,452 | 62,573 | 68,025 | ||||||||||||||||||||
Consumer | 382 | 133 | 515 | 5,099 | 5,614 | ||||||||||||||||||||
Other | - | - | 1,950 | 1,950 | |||||||||||||||||||||
Total | $ | 8,231 | $ | - | $ | 69,291 | $ | 77,522 | $ | 627,206 | $ | 704,728 | |||||||||||||
December 31, 2012 (As Adjusted – Note C) | |||||||||||||||||||||||||
Past Due Loans | Total | ||||||||||||||||||||||||
(based on payment due dates) | Amount of | ||||||||||||||||||||||||
More Than | More Than | Loans on | Loans More | Loans Either | Total | ||||||||||||||||||||
29 Days, | 89 Days | Nonaccrual | Than 29 Days | Current or | Portfolio | ||||||||||||||||||||
and Less Than | (Accruing) | Status | Past Due or on | Less Than | Loans | ||||||||||||||||||||
90 Days | (Generally, 90 | Nonaccrual | 30 Days | ||||||||||||||||||||||
Days or More) | Status | Past Due | |||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 12,534 | $ | 515 | $ | 65,443 | $ | 78,492 | $ | 493,984 | $ | 572,476 | |||||||||||||
Residential (including multi-family) | 5,364 | 85 | 21,049 | 26,498 | 180,843 | 207,341 | |||||||||||||||||||
Construction, land development and other land | 4,242 | 5,667 | 9,909 | 30,268 | 40,177 | ||||||||||||||||||||
Total loans secured by real estate | 22,140 | 600 | 92,159 | 114,899 | 705,095 | 819,994 | |||||||||||||||||||
Commercial and other business-purpose loans | 2,933 | 70 | 8,159 | 11,162 | 91,483 | 102,645 | |||||||||||||||||||
Consumer | 280 | - | 189 | 469 | 6,224 | 6,693 | |||||||||||||||||||
Other | 1,993 | 1,993 | |||||||||||||||||||||||
Total | $ | 25,353 | $ | 670 | $ | 100,507 | $ | 126,530 | $ | 804,795 | $ | 931,325 | |||||||||||||
Schedule of recent analysis, the risk categories of loans | ' | ||||||||||||||||||||||||
Based on management's most recent analysis, the risk categories of loans are summarized as follows (in $1,000s): | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Pass | Watch | Substandard | Total | ||||||||||||||||||||||
Portfolio | |||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 315,889 | $ | 52,327 | $ | 83,786 | $ | 452,002 | |||||||||||||||||
Residential (including multi-family) | 106,607 | 17,576 | 22,452 | 146,635 | |||||||||||||||||||||
Construction, land development and other land | 17,129 | 4,123 | 9,250 | 30,502 | |||||||||||||||||||||
Total loans secured by real estate | 439,625 | 74,026 | 115,488 | 629,139 | |||||||||||||||||||||
Commercial and other business-purpose loans | 52,603 | 6,188 | 9,234 | 68,025 | |||||||||||||||||||||
Consumer | 4,953 | 174 | 487 | 5,614 | |||||||||||||||||||||
Other | 1,950 | - | 1,950 | ||||||||||||||||||||||
Total | $ | 499,131 | $ | 80,388 | $ | 125,209 | $ | 704,728 | |||||||||||||||||
December 31, 2012 (As adjusted – Note C) | |||||||||||||||||||||||||
Pass | Watch | Substandard | Total | ||||||||||||||||||||||
Portfolio | |||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 408,689 | $ | 60,929 | $ | 102,858 | $ | 572,476 | |||||||||||||||||
Residential (including multi-family) | 150,861 | 18,951 | 37,529 | 207,341 | |||||||||||||||||||||
Construction, land development and other land | 21,773 | 7,394 | 11,010 | 40,177 | |||||||||||||||||||||
Total loans secured by real estate | 581,323 | 87,274 | 151,397 | 819,994 | |||||||||||||||||||||
Commercial and other business-purpose loans | 82,931 | 4,894 | 14,820 | 102,645 | |||||||||||||||||||||
Consumer | 4,533 | 1,765 | 395 | 6,693 | |||||||||||||||||||||
Other | 1,993 | 1,993 | |||||||||||||||||||||||
Total | $ | 670,780 | $ | 93,933 | $ | 166,612 | $ | 931,325 | |||||||||||||||||
Schedule of summarizes loans modified as troubled debt restructurings related payment default | ' | ||||||||||||||||||||||||
The following table summarizes loans modified as troubled debt restructurings during the three and nine months ended September 30, 2013 and 2012 (in $1,000s): | |||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||
Number of | Pre-restructuring | Post-restructuring | Post- | ||||||||||||||||||||||
Contracts | Outstanding | Outstanding | restructuring | ||||||||||||||||||||||
Recorded | Recorded | Loan Loss | |||||||||||||||||||||||
Investment | Investment | Reserve | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 7 | $ | 6,941 | $ | 6,211 | $ | 749 | ||||||||||||||||||
Residential | 10 | 848 | 787 | 35 | |||||||||||||||||||||
Construction, land development and other land | - | - | - | - | |||||||||||||||||||||
Total loans secured by real estate | 17 | 7,789 | 6,998 | 784 | |||||||||||||||||||||
Commercial and other business-purpose loans | 2 | 129 | 129 | - | |||||||||||||||||||||
Consumer | 3 | 102 | 102 | 1 | |||||||||||||||||||||
Total | 22 | $ | 8,020 | $ | 7,229 | $ | 785 | ||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||
Number of | Pre-restructuring | Post-restructuring | Post- | ||||||||||||||||||||||
Contracts | Outstanding | Outstanding | restructuring | ||||||||||||||||||||||
Recorded | Recorded | Loan Loss | |||||||||||||||||||||||
Investment | Investment | Reserve | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 31 | $ | 17,200 | $ | 13,916 | $ | 1,066 | ||||||||||||||||||
Residential | 41 | 3,957 | 3,399 | 230 | |||||||||||||||||||||
Construction, land development and other land | 2 | 94 | 91 | 12 | |||||||||||||||||||||
Total loans secured by real estate | 74 | 21,251 | 17,406 | 1,308 | |||||||||||||||||||||
Commercial and other business-purpose loans | 20 | 1,774 | 985 | 297 | |||||||||||||||||||||
Consumer | 3 | 102 | 102 | 1 | |||||||||||||||||||||
Total | 97 | $ | 23,127 | $ | 18,493 | $ | 1,606 | ||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||
Number of | Pre-restructuring | Post-restructuring | Post- | ||||||||||||||||||||||
Contracts | Outstanding | Outstanding | restructuring | ||||||||||||||||||||||
Recorded | Recorded | Loan Loss | |||||||||||||||||||||||
Investment | Investment | Reserve | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 17 | $ | 11,325 | $ | 8,522 | $ | 404 | ||||||||||||||||||
Residential | 15 | 2,427 | 2,195 | 154 | |||||||||||||||||||||
Construction, land development and other land | 3 | 913 | 913 | 33 | |||||||||||||||||||||
Total loans secured by real estate | 35 | 14,665 | 11,630 | 591 | |||||||||||||||||||||
Commercial and other business-purpose loans | 10 | 760 | 764 | 65 | |||||||||||||||||||||
Consumer | - | - | - | - | |||||||||||||||||||||
Total | 45 | $ | 15,425 | $ | 12,394 | $ | 656 | ||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||
Number of | Pre-restructuring | Post-restructuring | Post- | ||||||||||||||||||||||
Contracts | Outstanding | Outstanding | restructuring | ||||||||||||||||||||||
Recorded | Recorded | Loan Loss | |||||||||||||||||||||||
Investment | Investment | Reserve | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 82 | $ | 30,669 | $ | 25,620 | $ | 1,746 | ||||||||||||||||||
Residential | 67 | 8,398 | 7,838 | 489 | |||||||||||||||||||||
Construction, land development and other land | 12 | 1,968 | 1,837 | 57 | |||||||||||||||||||||
Total loans secured by real estate | 161 | 41,035 | 35,295 | 2,292 | |||||||||||||||||||||
Commercial and other business-purpose loans | 25 | 1,784 | 1,644 | 90 | |||||||||||||||||||||
Consumer | 1 | 2 | 1 | - | |||||||||||||||||||||
Total | 187 | $ | 42,821 | $ | 36,940 | $ | 2,382 | ||||||||||||||||||
The following table summarizes loans modified as troubled debt restructurings in the last twelve months for which there was a payment default (i.e., when a loan becomes 90 days or more past due) during the three and nine months ended September 30, 2013 and 2012 (in $1,000s): | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||
Troubled debt restructurings that subsequently defaulted: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 5 | $ | 2,570 | 12 | $ | 4,874 | |||||||||||||||||||
Residential | 3 | 294 | 19 | 1,990 | |||||||||||||||||||||
Construction, land development and other land | - | - | 4 | 1,427 | |||||||||||||||||||||
Total loans secured by real estate | 8 | 2,864 | 35 | 8,291 | |||||||||||||||||||||
Commercial and other business-purpose loans | - | - | 1 | - | |||||||||||||||||||||
Consumer | - | - | - | - | |||||||||||||||||||||
Total | 8 | $ | 2,864 | 36 | $ | 8,291 | |||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||
Troubled debt restructurings that subsequently defaulted: | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | 13 | $ | 4,574 | 28 | $ | 6,073 | |||||||||||||||||||
Residential | 8 | 549 | 21 | 1,761 | |||||||||||||||||||||
Construction, land development and other land | 6 | 1,081 | 11 | 1,306 | |||||||||||||||||||||
Total loans secured by real estate | 27 | 6,204 | 60 | 9,140 | |||||||||||||||||||||
Commercial and other business-purpose loans | 4 | 215 | 10 | 441 | |||||||||||||||||||||
Consumer | 1 | 47 | 2 | 48 | |||||||||||||||||||||
Total | 32 | $ | 6,466 | 72 | $ | 9,629 | |||||||||||||||||||
Schedule of troubled debt restructurings as loan type and accrual status | ' | ||||||||||||||||||||||||
The total amount of troubled debt restructurings as of September 30, 2013 and December 31, 2012 is detailed in the following tables by loan type and accrual status (in $1,000s): | |||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||
On | On Accrual | Total | |||||||||||||||||||||||
Non-Accrual | Status | ||||||||||||||||||||||||
Status | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 31,670 | $ | 53,394 | $ | 85,064 | |||||||||||||||||||
Residential (including multi-family) | 7,651 | 13,694 | 21,345 | ||||||||||||||||||||||
Construction, land development and other land | 3,230 | 4,086 | 7,316 | ||||||||||||||||||||||
Total loans secured by real estate | 42,551 | 71,174 | 113,725 | ||||||||||||||||||||||
Commercial and other business-purpose loans | 2,666 | 3,409 | 6,075 | ||||||||||||||||||||||
Consumer | 117 | 117 | |||||||||||||||||||||||
Total | $ | 45,217 | $ | 74,700 | $ | 119,917 | |||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||
at December 31, 2012 | |||||||||||||||||||||||||
On | On Accrual | Total | |||||||||||||||||||||||
Non-Accrual | Status | ||||||||||||||||||||||||
Status | |||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||
Commercial | $ | 41,350 | $ | 49,305 | $ | 90,655 | |||||||||||||||||||
Residential (including multi-family) | 12,902 | 15,417 | 28,319 | ||||||||||||||||||||||
Construction, land development and other land | 2,797 | 7,465 | 10,262 | ||||||||||||||||||||||
Total loans secured by real estate | 57,049 | 72,187 | 129,236 | ||||||||||||||||||||||
Commercial and other business-purpose loans | 3,965 | 5,695 | 9,660 | ||||||||||||||||||||||
Consumer | 27 | 27 | |||||||||||||||||||||||
Total | $ | 61,014 | $ | 77,909 | $ | 138,923 |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Discontinued Operations [Abstract] | ' | |||||||||||
Schedule of income statement and assets and liabilities of discontinued operations | ' | |||||||||||
During the nine months ended September 30, 2013, 1st Commerce Bank, Central Arizona Bank, Pisgah Community Bank, Sunrise Bank and Sunrise Bank of Arizona were closed by either their state regulators or the FDIC (see Note M). Capitol recorded a net loss of $5.9 million on its investment in these banks, which has been included in discontinued operations. | ||||||||||||
The assets, liabilities and results of operations of the above-mentioned banks closed in 2013, together with the results of operations of Mountain View Bank of Commerce, Bank of Michigan, First Carolina State Bank and High Desert Bank, sold in 2012, are classified as discontinued operations for the three and nine months ended September 30, 2013 and 2012 and include the following components (in $1,000s): | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
30-Sep | 30-Sep | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
Interest income | $ | 1,316 | $ | 5,247 | $ | 7,798 | $ | 19,402 | ||||
Interest expense | 125 | 875 | 958 | 3,585 | ||||||||
Net interest income | 1,191 | 4,372 | 6,840 | 15,817 | ||||||||
Provision for loan losses | - | 248 | -581 | 1,455 | ||||||||
Net interest income after provision for loan losses | 1,191 | 4,124 | 7,421 | 14,362 | ||||||||
Noninterest income | 78 | 564 | 1,055 | 2,037 | ||||||||
Gain (loss) on bank subsidiaries discontinued | -4,653 | 29 | -5,911 | 155 | ||||||||
Noninterest expense | 1,177 | 6,120 | 8,018 | 22,588 | ||||||||
Loss before income taxes | -4,561 | -1,403 | -5,453 | -6,034 | ||||||||
Less income taxes | - | 39 | - | 101 | ||||||||
Net loss from discontinued operations | -4,561 | -1,442 | -5,453 | -6,135 | ||||||||
Net loss attributable to noncontrolling interests in consolidated subsidiaries | - | 395 | 327 | 1,412 | ||||||||
Net loss from discontinued operations attributable to Capitol Bancorp Limited | -4,561 | -1,047 | -5,126 | -4,723 | ||||||||
$ | $ | $ | $ | |||||||||
Net loss from discontinued operations per common share attributable to Capitol Bancorp Limited | -0.11 | -0.03 | -0.12 | -0.12 | ||||||||
$ | $ | $ | $ | |||||||||
Assets and liabilities of discontinued operations are summarized below (in $1,000s): | ||||||||||||
Dec 31, | Dec 31, | |||||||||||
2012 | 2012 | |||||||||||
Assets: | Liabilities: | |||||||||||
Cash and cash equivalents | $ | 68,780 | Noninterest-bearing deposits | $ | 76,873 | |||||||
Investment securities | 44 | Interest-bearing deposits | 272,854 | |||||||||
Federal Home Loan Bank stock | 3,075 | Total deposits | 349,727 | |||||||||
Portfolio loans | 278,392 | Other liabilities | 4,293 | |||||||||
Less allowance for loan losses | -11,947 | |||||||||||
Net portfolio loans | 266,445 | $ | 354,020 | |||||||||
Premises and equipment | 3,114 | |||||||||||
Other real estate owned | 17,721 | |||||||||||
Other assets | 2,688 | |||||||||||
$ | 361,867 | |||||||||||
Fair_Value_Tables
Fair Value (Tables) | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Fair Value [Abstract] | ' | |||||||||||||
Schedule of assets measured at fair value on a recurring and non-recurring basis | ' | |||||||||||||
Assets measured at fair value on a recurring basis were as follows (in $1,000s): | ||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||
Total | Significant Other | Total | Significant Other | |||||||||||
Observable Inputs | Observable Inputs | |||||||||||||
(Level 2) | (Level 2) | |||||||||||||
Investment securities available for sale:(1) | ||||||||||||||
United States treasury | $ | 3,250 | $ | 3,250 | $ | 3,500 | $ | 3,500 | ||||||
United States government agency | 4,682 | 4,682 | 3,987 | 3,987 | ||||||||||
Mortgage-backed | 6,620 | 6,620 | 8,175 | 8,175 | ||||||||||
$ | 14,552 | $ | 14,552 | $ | 15,662 | $ | 15,662 | |||||||
(1) | Level 2 inputs for investment securities available for sale include pricing models from independent pricing sources with reasonable levels of price transparency. | |||||||||||||
Assets measured at fair value on a nonrecurring basis were as follows (in $1,000s): | ||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||
Total | Significant | Significant | ||||||||||||
Unobservable | Total | Unobservable | ||||||||||||
Inputs | Inputs | |||||||||||||
(Level 3) | (Level 3) | |||||||||||||
Impaired loans(1) | $ | 76,950 | $ | 76,950 | $ | 84,035 | $ | 84,035 | ||||||
Other real estate owned(2) | $ | 47,783 | $ | 47,783 | $ | 63,242 | $ | 63,242 | ||||||
(1) | Level 3 inputs for impaired loans include appraised value of the applicable collateral or other unobservable estimates of fair value. | |||||||||||||
(2) | Level 3 inputs for other real estate owned include appraised value of the foreclosed property or other unobservable estimates of fair value. Fair value is reduced by estimated costs to sell the properties (including delinquent real estate taxes). | |||||||||||||
Comparative carrying values and estimated fair values of financial instruments | ' | |||||||||||||
Comparative carrying values and estimated fair values of financial instruments based upon the accounting guidance set forth in Accounting Standards Codification 825-10 were as follows (in $1,000s): | ||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||
As Adjusted – Note C | ||||||||||||||
Level Used | Carrying | Estimated | Carrying | Estimated | ||||||||||
to Measure | Value | Fair Value | Value | Fair Value | ||||||||||
Estimated | ||||||||||||||
Fair Value | ||||||||||||||
Financial assets: | ||||||||||||||
Cash | 1 | $ | 22,282 | $ | 22,282 | $ | 43,727 | $ | 43,727 | |||||
Cash equivalents | 2 | 192,849 | 192,849 | 214,340 | 214,340 | |||||||||
Loans held for sale | 2 | 73 | 73 | |||||||||||
Investment securities available for sale | 2 | 14,552 | 14,552 | 15,662 | 15,662 | |||||||||
Federal Home Loan Bank and Federal Reserve Bank stock | 2 | 6,262 | 6,262 | 7,456 | 7,456 | |||||||||
Portfolio loans: | ||||||||||||||
Loans secured by real estate: | ||||||||||||||
Commercial | 3 | 452,002 | 448,343 | 572,476 | 569,789 | |||||||||
Residential (including multi-family) | 3 | 146,635 | 146,848 | 207,341 | 207,737 | |||||||||
Construction, land development and other land | 3 | 30,502 | 30,480 | 40,177 | 40,221 | |||||||||
Total loans secured by real estate | 629,139 | 625,671 | 819,994 | 817,747 | ||||||||||
Commercial and other business-purpose loans | 3 | 68,025 | 67,709 | 102,645 | 102,352 | |||||||||
Consumer | 3 | 5,614 | 5,712 | 6,693 | 6,836 | |||||||||
Other | 3 | 1,950 | 1,835 | 1,993 | 1,864 | |||||||||
Total portfolio loans | 704,728 | 700,927 | 931,325 | 928,799 | ||||||||||
Less allowance for loan losses | 3 | -32,265 | -32,265 | -51,508 | -51,508 | |||||||||
Net portfolio loans | 672,463 | 668,662 | 879,817 | 877,291 | ||||||||||
Financial liabilities: | ||||||||||||||
Deposits: | ||||||||||||||
Noninterest-bearing | 1 | 190,745 | 190,745 | 246,538 | 246,538 | |||||||||
Interest-bearing: | ||||||||||||||
Demand accounts | 2 | 279,916 | 279,916 | 362,710 | 362,710 | |||||||||
Time certificates of less than $100,000 | 3 | 187,919 | 188,997 | 256,261 | 258,728 | |||||||||
Time certificates of $100,000 or more | 3 | 255,909 | 257,246 | 328,632 | 331,081 | |||||||||
Total interest-bearing | 723,744 | 726,159 | 947,603 | 952,519 | ||||||||||
Total deposits | 914,489 | 916,904 | 1,194,141 | 1,199,057 | ||||||||||
Notes payable and other borrowings | 3 | 8,908 | 10,106 | 5,426 | 6,667 |
Net_Income_Loss_Per_Common_Sha1
Net Income (Loss) Per Common Share Attributable to Capitol Bancorp Limited (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Net Loss Per Common Share Attributable to Capitol Bancorp Limited [Abstract] | ' | |||||||||||
Schedule of computations of net income (loss) per common share | ' | |||||||||||
Computations of net income (loss) per common share were based on the following (in 1,000s) for the periods ended September 30: | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
As Adjusted | As Adjusted | |||||||||||
(Note C) | (Note C) | |||||||||||
Numerator—net income (loss) attributable to Capitol Bancorp Limited for the period | $ | -5,703 | $ | -4,923 | $ | 1,130 | $ | -21,724 | ||||
Denominator: | ||||||||||||
Weighted average number of common shares outstanding, excluding unvested restricted shares of common stock (denominator for basic and diluted earnings per share) | 41,169 | 41,070 | 41,169 | 41,037 | ||||||||
Number of antidilutive stock options excluded from diluted earnings per share computation | 878 | 1,445 | 878 | 1,445 | ||||||||
Number of antidilutive unvested restricted shares excluded from basic and diluted earnings per share computation | 2 | 9 | 2 | 9 | ||||||||
Number of antidilutive warrants excluded from diluted earnings per share computation | - | 1,250 | - | 1,250 | ||||||||
Net income (loss) per common share attributable to Capitol Bancorp Limited: | ||||||||||||
From continuing operations | $ | -0.03 | $ | -0.09 | $ | 0.15 | $ | -0.41 | ||||
From discontinued operations | -0.11 | -0.03 | -0.12 | -0.12 | ||||||||
Total net income (loss) per common share attributable to Capitol Bancorp Limited | $ | -0.14 | $ | -0.12 | $ | 0.03 | $ | -0.53 |
Regulatory_Capital_Matters_Tab
Regulatory Capital Matters (Tables) | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Regulatory Capital Matters [Abstract] | ' | |||||
Schedule of capitol's consolidated regulatory capital position | ' | |||||
The following table summarizes the amounts (in $1,000s) and related ratios of Capitol's consolidated regulatory capital position: | ||||||
30-Sep-13 | December 31, 2012 (4) | |||||
Tier 1 capital to average adjusted total assets: | ||||||
Minimum required amount(1) | ≥$ | 42,326 | ≥$ | 66,520 | ||
Actual amount | $ | -142,572 | $ | -144,341 | ||
Ratio | -13.47% | -8.68% | ||||
Tier 1 capital to risk-weighted assets: | ||||||
Minimum required amount(2) | ≥$ | 29,020 | ≥$ | 49,402 | ||
Actual amount | $ | -142,572 | $ | -144,341 | ||
Ratio | -19.65% | -11.69% | ||||
Combined Tier 1 and Tier 2 capital to risk- weighted assets: | ||||||
Minimum required amount(3) | ≥$ | 58,041 | ≥$ | 98,805 | ||
Actual amount | $ | -142,572 | $ | -144,341 | ||
Ratio | -19.65% | -11.69% | ||||
-1 | The minimum required ratio of Tier 1 capital to average adjusted total assets to be considered "adequately-capitalized" is 4 %. | |||||
-2 | The minimum required ratio of Tier 1 capital to risk-weighted assets to be considered "adequately-capitalized" is 4 %. | |||||
-3 | The minimum required ratio of Tier 1 and Tier 2 capital to risk-weighted assets to be considered "adequately-capitalized" is 8 %. | |||||
-4 | As originally filed with regulatory agency. |
Background_and_Basis_of_Presen1
Background and Basis of Presentation (Details) | 9 Months Ended |
Sep. 30, 2013 | |
Bankruptcy Filings [Abstract] | ' |
Date voluntary petition for relief under Chapter 11 filed | 9-Aug-12 |
DebtorinPossession_Financial_I2
Debtor-in-Possession Financial Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Liabilities Subject to Compromise [Abstract] | ' | ' | ' | ' | ' |
Trust-preferred securities | $151,296,000 | ' | $151,296,000 | ' | $151,296,000 |
Senior notes | 6,820,000 | ' | 6,820,000 | ' | 6,820,000 |
Accrued interest payable | 33,318,000 | ' | 33,318,000 | ' | 33,318,000 |
Accrued estimated taxes payable | 3,196,000 | ' | 3,196,000 | ' | 7,108,000 |
Accounts payable and other accrued liabilities | 1,093,000 | ' | 1,093,000 | ' | 1,751,000 |
Total liabilities subject to compromise | 195,723,000 | ' | 195,723,000 | ' | 200,293,000 |
Additional contractual interest not accrued on trust preferred securities and senior debt | 2,500,000 | ' | 7,700,000 | ' | ' |
Reorganization Items [Abstract] | ' | ' | ' | ' | ' |
Deferred issuance costs | 0 | 2,081,000 | 0 | 2,081,000 | ' |
Professional fees | 360,000 | 665,000 | 2,195,000 | 665,000 | ' |
Total reorganization items | $360,000 | $2,746,000 | $2,195,000 | $2,746,000 | ' |
Change_in_Accounting_Principle2
Change in Accounting Principle (Details) (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 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Consolidated Balance Sheets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Portfolio loans, less allowance for loan losses | $672,463 | ' | $672,463 | ' | $879,817 | ' | |||
Total assets | 984,205 | ' | 984,205 | ' | 1,621,302 | ' | |||
Accrued interest on deposits and other liabilities | 7,748 | ' | 7,748 | ' | 4,970 | ' | |||
Total liabilities | 1,126,868 | ' | 1,126,868 | ' | 1,758,850 | ' | |||
Retained-earnings deficit | -422,892 | ' | -422,892 | ' | -424,022 | ' | |||
Total Capitol Bancorp Limited stockholders' equity deficit | -126,418 | ' | -126,418 | ' | -127,301 | ' | |||
Total equity deficit | -142,663 | -135,456 | -142,663 | -135,456 | -137,548 | -104,519 | |||
Consolidated Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | |||
Costs (income) associated with foreclosed properties and other real estate owned | 1,048 | 1,170 | 2,454 | 6,748 | ' | ' | |||
Total noninterest expense | 12,400 | 17,361 | 42,675 | 56,171 | ' | ' | |||
Loss before income tax benefit | -1,242 | -3,904 | 4,575 | -17,414 | ' | ' | |||
Loss from continuing operations | -1,242 | -3,952 | 6,122 | -17,418 | ' | ' | |||
Net loss | -5,803 | -5,394 | 669 | -23,553 | ' | ' | |||
Net loss attributable to Capitol Bancorp Limited | -5,703 | -4,923 | 1,130 | -21,724 | ' | ' | |||
Net loss per common share attributable to Capitol Bancorp Limited | ($0.14) | ($0.12) | $0.03 | ($0.53) | ' | ' | |||
As Previously Reported [Member] | ' | ' | ' | ' | ' | ' | |||
Consolidated Balance Sheets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Portfolio loans, less allowance for loan losses | ' | ' | ' | ' | 1,143,212 | ' | |||
Total assets | ' | ' | ' | ' | 1,618,252 | ' | |||
Accrued interest on deposits and other liabilities | ' | ' | ' | ' | 9,779 | ' | |||
Total liabilities | ' | ' | ' | ' | 1,762,368 | ' | |||
Retained-earnings deficit | ' | ' | ' | ' | -430,590 | ' | |||
Total Capitol Bancorp Limited stockholders' equity deficit | ' | ' | ' | ' | -133,869 | ' | |||
Total equity deficit | ' | ' | ' | ' | -144,116 | ' | |||
Consolidated Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | |||
Costs (income) associated with foreclosed properties and other real estate owned | ' | 3,172 | ' | 14,227 | ' | ' | |||
Total noninterest expense | ' | 23,735 | ' | 77,509 | ' | ' | |||
Loss before income tax benefit | ' | -6,155 | ' | -25,905 | ' | ' | |||
Loss from continuing operations | ' | -6,203 | ' | -25,909 | ' | ' | |||
Net loss | ' | -6,144 | ' | -25,753 | ' | ' | |||
Net loss attributable to Capitol Bancorp Limited | ' | -5,673 | ' | -23,924 | ' | ' | |||
Net loss per common share attributable to Capitol Bancorp Limited | ' | ($0.14) | ' | ($0.58) | ' | ' | |||
Reclassification of Discontinued Operations [Member] | ' | ' | ' | ' | ' | ' | |||
Consolidated Balance Sheets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Portfolio loans, less allowance for loan losses | ' | ' | ' | ' | -266,445 | [1] | ' | ||
Total assets | ' | ' | ' | ' | 0 | [1] | ' | ||
Accrued interest on deposits and other liabilities | ' | ' | ' | ' | -1,291 | [1] | ' | ||
Total liabilities | ' | ' | ' | ' | 0 | [1] | ' | ||
Retained-earnings deficit | ' | ' | ' | ' | 0 | [1] | ' | ||
Total Capitol Bancorp Limited stockholders' equity deficit | ' | ' | ' | ' | 0 | [1] | ' | ||
Total equity deficit | ' | ' | ' | ' | 0 | [1] | ' | ||
Consolidated Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | |||
Costs (income) associated with foreclosed properties and other real estate owned | ' | -1,252 | [1] | ' | -5,279 | [1] | ' | ' | |
Total noninterest expense | ' | -5,624 | [1] | ' | -19,138 | [1] | ' | ' | |
Loss before income tax benefit | ' | 1,501 | [1] | ' | 6,291 | [1] | ' | ' | |
Loss from continuing operations | ' | 1,501 | [1] | ' | 6,291 | [1] | ' | ' | |
Effect of Change In Accounting Principle [Member] | ' | ' | ' | ' | ' | ' | |||
Consolidated Balance Sheets [Abstract] | ' | ' | ' | ' | ' | ' | |||
Portfolio loans, less allowance for loan losses | ' | ' | ' | ' | 3,050 | ' | |||
Total assets | ' | ' | ' | ' | 3,050 | ' | |||
Accrued interest on deposits and other liabilities | ' | ' | ' | ' | -3,518 | ' | |||
Total liabilities | ' | ' | ' | ' | -3,518 | ' | |||
Retained-earnings deficit | ' | ' | ' | ' | 6,568 | ' | |||
Total Capitol Bancorp Limited stockholders' equity deficit | ' | ' | ' | ' | 6,568 | ' | |||
Total equity deficit | ' | ' | ' | ' | 6,568 | ' | |||
Consolidated Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | |||
Costs (income) associated with foreclosed properties and other real estate owned | ' | -750 | ' | -2,200 | ' | ' | |||
Total noninterest expense | ' | -750 | ' | -2,200 | ' | ' | |||
Loss before income tax benefit | ' | 750 | ' | 2,200 | ' | ' | |||
Loss from continuing operations | ' | 750 | ' | 2,200 | ' | ' | |||
Net loss | ' | 750 | ' | 2,200 | ' | ' | |||
Net loss attributable to Capitol Bancorp Limited | ' | 750 | ' | 2,200 | ' | ' | |||
As Adjusted [Member] | ' | ' | ' | ' | ' | ' | |||
Consolidated Statements of Operations [Abstract] | ' | ' | ' | ' | ' | ' | |||
Costs (income) associated with foreclosed properties and other real estate owned | ' | 1,170 | ' | 6,748 | ' | ' | |||
Total noninterest expense | ' | 17,361 | ' | 56,171 | ' | ' | |||
Loss before income tax benefit | ' | -3,904 | ' | -17,414 | ' | ' | |||
Loss from continuing operations | ' | -3,952 | ' | -17,418 | ' | ' | |||
Net loss | ' | -5,394 | ' | -23,553 | ' | ' | |||
Net loss attributable to Capitol Bancorp Limited | ' | ($4,923) | ' | ($21,724) | ' | ' | |||
Net loss per common share attributable to Capitol Bancorp Limited | ' | ($0.12) | ' | ($0.53) | ' | ' | |||
[1] | For comparative purposes, original balances as previously reported have also been adjusted to exclude amounts related to discontinued operations. |
Investment_Securities_Details
Investment Securities (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Available for sale debt securities and held to maturity securities [Abstract] | ' | ' |
Available for sale, Amortized Cost | $14,813 | $15,554 |
Investment securities, Amortized Cost | 14,813 | ' |
Available for sale, Estimated Fair Value | 14,552 | 15,662 |
Investment securities, Estimated Fair Value | 14,552 | ' |
Gross unrealized gains and losses on investment securities available for sale [Abstract] | ' | ' |
Gains | 62 | 121 |
Losses | 323 | 13 |
Age of gross unrealized losses and carrying value of securities available for sale [Abstract] | ' | ' |
One year or less, Unrealized Loss | 323 | 13 |
One year or less, Carrying Value | 5,922 | 3,987 |
Amortized Cost | ' | ' |
Due in one year or less, Amortized Cost | 3,249 | ' |
After one year, through five years, Amortized Cost | 1,000 | ' |
After five years, through ten years, Amortized Cost | 4,349 | ' |
After ten years, Amortized Cost | 6,215 | ' |
Investment securities, Amortized Cost | 14,813 | ' |
Estimated Fair Value | ' | ' |
Due in one year or less, Estimated Fair Value | 3,250 | ' |
After one year, through five years, Estimated Fair Value | 999 | ' |
After five years, through ten years, Estimated Fair Value | 4,295 | ' |
After ten years, Estimated Fair Value | 6,008 | ' |
Investment securities, Estimated Fair Value | 14,552 | ' |
United States treasury [Member] | ' | ' |
Available for sale debt securities and held to maturity securities [Abstract] | ' | ' |
Available for sale, Amortized Cost | 3,249 | 3,499 |
Available for sale, Estimated Fair Value | 3,250 | 3,500 |
Gross unrealized gains and losses on investment securities available for sale [Abstract] | ' | ' |
Gains | 1 | 1 |
United States government agency [Member] | ' | ' |
Available for sale debt securities and held to maturity securities [Abstract] | ' | ' |
Available for sale, Amortized Cost | 5,000 | 4,000 |
Available for sale, Estimated Fair Value | 4,682 | 3,987 |
Gross unrealized gains and losses on investment securities available for sale [Abstract] | ' | ' |
Gains | 1 | ' |
Losses | 319 | 13 |
Age of gross unrealized losses and carrying value of securities available for sale [Abstract] | ' | ' |
One year or less, Unrealized Loss | 319 | 13 |
One year or less, Carrying Value | 4,181 | 3,987 |
Mortgage-backed [Member] | ' | ' |
Available for sale debt securities and held to maturity securities [Abstract] | ' | ' |
Available for sale, Amortized Cost | 6,564 | 8,055 |
Available for sale, Estimated Fair Value | 6,620 | 8,175 |
Gross unrealized gains and losses on investment securities available for sale [Abstract] | ' | ' |
Gains | 60 | 120 |
Losses | 4 | ' |
Age of gross unrealized losses and carrying value of securities available for sale [Abstract] | ' | ' |
One year or less, Unrealized Loss | 4 | 0 |
One year or less, Carrying Value | $1,741 | $0 |
Loans_Details
Loans (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | $8,691 | ' | $8,691 | ' | $10,278 |
Collectively evaluated for probable incurred losses | 23,574 | ' | 23,574 | ' | 41,230 |
Total allowance for loan losses | 32,265 | ' | 32,265 | ' | 51,508 |
Portfolio loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 104,250 | ' | 104,250 | ' | 139,818 |
Collectively evaluated for probable incurred losses | 600,478 | ' | 600,478 | ' | 791,507 |
Total Portfolio Loans | 704,728 | ' | 704,728 | ' | 931,325 |
Summarize activity in the allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 32,510 | 58,318 | 51,508 | 65,218 | ' |
Less allowance for deconsolidated subsidiary-Note H | ' | ' | -2,157 | ' | ' |
Charge-offs | -2,900 | -8,795 | -13,883 | -28,655 | ' |
Recoveries | 2,652 | 2,500 | 8,980 | 14,946 | ' |
Net charge-offs | -248 | -6,295 | -4,903 | -13,709 | ' |
Provision for loan losses | 3 | 277 | -12,183 | 791 | ' |
Ending balance | 32,265 | 52,300 | 32,265 | 52,300 | ' |
Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Portfolio loans: | ' | ' | ' | ' | ' |
Total Portfolio Loans | 629,139 | ' | 629,139 | ' | 819,994 |
Commercial [Member] | Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 4,570 | ' | 4,570 | ' | 6,214 |
Collectively evaluated for probable incurred losses | 7,301 | ' | 7,301 | ' | 8,721 |
Total allowance for loan losses | 11,871 | ' | 11,871 | ' | 14,935 |
Portfolio loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 71,684 | ' | 71,684 | ' | 89,964 |
Collectively evaluated for probable incurred losses | 380,318 | ' | 380,318 | ' | 482,512 |
Total Portfolio Loans | 452,002 | ' | 452,002 | ' | 572,476 |
Summarize activity in the allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 11,444 | 22,642 | 14,935 | 26,576 | ' |
Less allowance for deconsolidated subsidiary-Note H | ' | ' | -765 | ' | ' |
Charge-offs | -1,453 | -4,533 | -6,435 | -11,141 | ' |
Recoveries | 1,509 | 614 | 3,631 | 4,193 | ' |
Net charge-offs | 56 | -3,919 | -2,804 | -6,948 | ' |
Provision for loan losses | 173 | 2,466 | 746 | 6,992 | ' |
Net change in unallocated allowance | 198 | -3,338 | -241 | -8,769 | ' |
Ending balance | 11,871 | 17,851 | 11,871 | 17,851 | ' |
Residential (including multi-family) [Member] | Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 1,917 | ' | 1,917 | ' | 2,153 |
Collectively evaluated for probable incurred losses | 4,363 | ' | 4,363 | ' | 6,241 |
Total allowance for loan losses | 6,280 | ' | 6,280 | ' | 8,394 |
Portfolio loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 17,436 | ' | 17,436 | ' | 29,314 |
Collectively evaluated for probable incurred losses | 129,199 | ' | 129,199 | ' | 178,027 |
Total Portfolio Loans | 146,635 | ' | 146,635 | ' | 207,341 |
Summarize activity in the allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 6,443 | 10,014 | 8,394 | 15,854 | ' |
Less allowance for deconsolidated subsidiary-Note H | ' | ' | -869 | ' | ' |
Charge-offs | -800 | -2,985 | -3,237 | -7,857 | ' |
Recoveries | 470 | 359 | 1,602 | 3,907 | ' |
Net charge-offs | -330 | -2,626 | -1,635 | -3,950 | ' |
Provision for loan losses | 103 | 1,595 | 468 | -1,120 | ' |
Net change in unallocated allowance | 64 | -1,107 | -78 | -2,908 | ' |
Ending balance | 6,280 | 7,876 | 6,280 | 7,876 | ' |
Construction, Land Development and Other Land [Member] | Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 873 | ' | 873 | ' | 881 |
Collectively evaluated for probable incurred losses | 694 | ' | 694 | ' | 1,063 |
Total allowance for loan losses | 1,567 | ' | 1,567 | ' | 1,944 |
Portfolio loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 8,253 | ' | 8,253 | ' | 10,447 |
Collectively evaluated for probable incurred losses | 22,249 | ' | 22,249 | ' | 29,730 |
Total Portfolio Loans | 30,502 | ' | 30,502 | ' | 40,177 |
Summarize activity in the allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 1,936 | 3,192 | 1,944 | 6,739 | ' |
Less allowance for deconsolidated subsidiary-Note H | ' | ' | -53 | ' | ' |
Charge-offs | -234 | -657 | -2,906 | -2,503 | ' |
Recoveries | 334 | 312 | 2,254 | 1,320 | ' |
Net charge-offs | 100 | -345 | -652 | -1,183 | ' |
Provision for loan losses | -482 | -703 | 344 | -2,968 | ' |
Net change in unallocated allowance | 13 | -273 | -16 | -717 | ' |
Ending balance | 1,567 | 1,871 | 1,567 | 1,871 | ' |
Commercial And Other Business-Purpose Loans [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 1,328 | ' | 1,328 | ' | 1,022 |
Collectively evaluated for probable incurred losses | 1,746 | ' | 1,746 | ' | 3,441 |
Total allowance for loan losses | 3,074 | ' | 3,074 | ' | 4,463 |
Portfolio loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 6,849 | ' | 6,849 | ' | 10,071 |
Collectively evaluated for probable incurred losses | 61,176 | ' | 61,176 | ' | 92,574 |
Total Portfolio Loans | 68,025 | ' | 68,025 | ' | 102,645 |
Summarize activity in the allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 2,615 | 8,760 | 4,463 | 11,057 | ' |
Less allowance for deconsolidated subsidiary-Note H | ' | ' | -422 | ' | ' |
Charge-offs | -411 | -472 | -980 | -6,125 | ' |
Recoveries | 259 | 876 | 1,338 | 5,046 | ' |
Net charge-offs | -152 | 404 | 358 | -1,079 | ' |
Provision for loan losses | 581 | -2,556 | -1,289 | -2,468 | ' |
Net change in unallocated allowance | 30 | -554 | -36 | -1,456 | ' |
Ending balance | 3,074 | 6,054 | 3,074 | 6,054 | ' |
Consumer [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 3 | ' | 3 | ' | 8 |
Collectively evaluated for probable incurred losses | 213 | ' | 213 | ' | 866 |
Total allowance for loan losses | 216 | ' | 216 | ' | 874 |
Portfolio loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 28 | ' | 28 | ' | 22 |
Collectively evaluated for probable incurred losses | 5,586 | ' | 5,586 | ' | 6,671 |
Total Portfolio Loans | 5,614 | ' | 5,614 | ' | 6,693 |
Summarize activity in the allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 303 | 228 | 874 | 533 | ' |
Less allowance for deconsolidated subsidiary-Note H | ' | ' | -48 | ' | ' |
Charge-offs | -2 | -171 | -318 | -373 | ' |
Recoveries | 80 | 276 | 155 | 410 | ' |
Net charge-offs | 78 | 105 | -163 | 37 | ' |
Provision for loan losses | -167 | -97 | -444 | -266 | ' |
Net change in unallocated allowance | 2 | -43 | -3 | -111 | ' |
Ending balance | 216 | 193 | 216 | 193 | ' |
Other [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Collectively evaluated for probable incurred losses | 187 | ' | 187 | ' | 3 |
Total allowance for loan losses | 187 | ' | 187 | ' | 3 |
Portfolio loans: | ' | ' | ' | ' | ' |
Collectively evaluated for probable incurred losses | 1,950 | ' | 1,950 | ' | 1,993 |
Total Portfolio Loans | 1,950 | ' | 1,950 | ' | 1,993 |
Summarize activity in the allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 391 | 368 | 3 | 12 | ' |
Charge-offs | 0 | 23 | -7 | -656 | ' |
Recoveries | 0 | 63 | 0 | 70 | ' |
Net charge-offs | 0 | 86 | -7 | -586 | ' |
Provision for loan losses | -205 | -428 | 192 | 621 | ' |
Net change in unallocated allowance | 1 | -12 | -1 | -33 | ' |
Ending balance | 187 | 14 | 187 | 14 | ' |
Unallocated [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Collectively evaluated for probable incurred losses | 9,070 | ' | 9,070 | ' | 20,895 |
Total allowance for loan losses | 9,070 | ' | 9,070 | ' | 20,895 |
Summarize activity in the allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning balance | 9,378 | 13,114 | 20,895 | 4,447 | ' |
Provision for loan losses | 0 | ' | -12,200 | ' | ' |
Net change in unallocated allowance | -308 | 5,327 | 375 | 13,994 | ' |
Ending balance | $9,070 | $18,441 | $9,070 | $18,441 | ' |
Loans_Credit_Quality_Indicator
Loans, Credit Quality Indicator (Details) (USD $) | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | |
Secured by Real Estate [Member] | Secured by Real Estate [Member] | Commercial [Member] | Commercial [Member] | Residential (including multi-family) [Member] | Residential (including multi-family) [Member] | Construction, land development and other land [Member] | Construction, land development and other land [Member] | Commercial and other business-purpose loans [Member] | Commercial and other business-purpose loans [Member] | Consumer [Member] | Consumer [Member] | Other [Member] | Other [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Nonperforming loans [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Watch [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | ||||
Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Residential (including multi-family) [Member] | Residential (including multi-family) [Member] | Residential (including multi-family) [Member] | Residential (including multi-family) [Member] | Construction, land development and other land [Member] | Construction, land development and other land [Member] | Construction, land development and other land [Member] | Construction, land development and other land [Member] | Commercial and other business-purpose loans [Member] | Commercial and other business-purpose loans [Member] | Commercial and other business-purpose loans [Member] | Commercial and other business-purpose loans [Member] | Consumer [Member] | Consumer [Member] | Consumer [Member] | Consumer [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Commercial [Member] | Commercial [Member] | Residential (including multi-family) [Member] | Residential (including multi-family) [Member] | Construction, land development and other land [Member] | Construction, land development and other land [Member] | Commercial and other business-purpose loans [Member] | Commercial and other business-purpose loans [Member] | Consumer [Member] | Consumer [Member] | Other [Member] | Other [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Commercial [Member] | Commercial [Member] | Residential (including multi-family) [Member] | Residential (including multi-family) [Member] | Construction, land development and other land [Member] | Construction, land development and other land [Member] | Commercial and other business-purpose loans [Member] | Commercial and other business-purpose loans [Member] | Consumer [Member] | Consumer [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Commercial [Member] | Commercial [Member] | Residential (including multi-family) [Member] | Residential (including multi-family) [Member] | Construction, land development and other land [Member] | Construction, land development and other land [Member] | Commercial and other business-purpose loans [Member] | Commercial and other business-purpose loans [Member] | Consumer [Member] | Consumer [Member] | Other [Member] | ||||||||||||||||||||||
Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | Secured by Real Estate [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total nonaccrual loans | $69,291,000 | ' | $100,507,000 | $64,478,000 | $92,159,000 | $46,944,000 | $65,443,000 | $12,242,000 | $21,049,000 | $5,292,000 | $5,667,000 | $4,680,000 | $8,159,000 | $133,000 | $189,000 | $0 | ' | $69,291,000 | $82,333,000 | $90,618,000 | $100,507,000 | $64,478,000 | $76,956,000 | $84,269,000 | $92,159,000 | $46,944,000 | $55,172,000 | $60,045,000 | $65,443,000 | $12,242,000 | $15,847,000 | $18,063,000 | $21,049,000 | $5,292,000 | $5,937,000 | $6,161,000 | $5,667,000 | $4,680,000 | $5,238,000 | $6,021,000 | $8,159,000 | $133,000 | $139,000 | $328,000 | $189,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Past due (>90 days) loans and accruing interest, Loans secured by real estate: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total past due loans | 0 | ' | 670,000 | 0 | 600,000 | 0 | 515,000 | ' | 85,000 | ' | ' | ' | 70,000 | ' | 0 | 0 | ' | 0 | 0 | 1,017,000 | 670,000 | 0 | 0 | 1,017,000 | 600,000 | 0 | 0 | 1,017,000 | 515,000 | 0 | 0 | 0 | 85,000 | ' | ' | ' | ' | 0 | 0 | 0 | 70,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total nonperforming loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 69,291,000 | 82,333,000 | 91,635,000 | 101,177,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Real estate owned and other repossessed assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 47,815,000 | 46,775,000 | 54,887,000 | 63,306,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total nonperforming assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 117,106,000 | 129,108,000 | 146,522,000 | 164,483,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recent analysis, the risk categories of loans [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Portfolio Loans | 704,728,000 | ' | 931,325,000 | 629,139,000 | 819,994,000 | 452,002,000 | 572,476,000 | 146,635,000 | 207,341,000 | 30,502,000 | 40,177,000 | 68,025,000 | 102,645,000 | 5,614,000 | 6,693,000 | 1,950,000 | 1,993,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 499,131,000 | 670,780,000 | 439,625,000 | 581,323,000 | 315,889,000 | 408,689,000 | 106,607,000 | 150,861,000 | 17,129,000 | 21,773,000 | 52,603,000 | 82,931,000 | 4,953,000 | 4,533,000 | 1,950,000 | 1,993,000 | 80,388,000 | 93,933,000 | 74,026,000 | 87,274,000 | 52,327,000 | 60,929,000 | 17,576,000 | 18,951,000 | 4,123,000 | 7,394,000 | 6,188,000 | 4,894,000 | 174,000 | 1,765,000 | 125,209,000 | 166,612,000 | 115,488,000 | 151,397,000 | 83,786,000 | 102,858,000 | 22,452,000 | 37,529,000 | 9,250,000 | 11,010,000 | 9,234,000 | 14,820,000 | 487,000 | 395,000 | 0 |
Average total portfolio loans | $785,800,000 | $1,100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net charge-offs to average portfolio loans outstanding, ratio (in hundredths) | 0.68% | 1.71% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans_Impaired_Financing_Recei
Loans, Impaired Financing Receivable (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Carrying Value [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, carrying value | $72,103,000 | ' | $72,103,000 | ' | $94,382,000 |
With no allowance recorded, carrying value | 76,950,000 | ' | 76,950,000 | ' | 84,035,000 |
Total, carrying value | 149,053,000 | ' | 149,053,000 | ' | 178,417,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, unpaid principal balance | 107,708,000 | ' | 107,708,000 | ' | 136,976,000 |
With no related allowance recorded, unpaid principal balance | 97,830,000 | ' | 97,830,000 | ' | 120,627,000 |
Total, unpaid principal balance | 205,538,000 | ' | 205,538,000 | ' | 257,603,000 |
Related Allowance for Loan Losses [Abstract] | ' | ' | ' | ' | ' |
Total, related allowance for loan losses | 10,825,000 | ' | 10,825,000 | ' | 12,936,000 |
Impaired loans modified as troubled debt restructurings | 119,900,000 | ' | 119,900,000 | ' | 138,900,000 |
Loans modified as TDR and not reported as toubled debt restructuring due to being in compliance with modified terms | 5,100,000 | ' | 5,100,000 | ' | 0 |
Average Recorded Investment [Abstract] | ' | ' | ' | ' | ' |
Total, Average recorded investment | 170,436,000 | 219,173,000 | 187,959,000 | 221,971,000 | ' |
Interest Income Recorded [Abstract] | ' | ' | ' | ' | ' |
Total, Interest income recorded | 2,550,000 | 2,402,000 | 7,175,000 | 6,657,000 | ' |
Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Carrying Value [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, carrying value | 66,808,000 | ' | 66,808,000 | ' | 86,566,000 |
With no allowance recorded, carrying value | 73,776,000 | ' | 73,776,000 | ' | 77,780,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, unpaid principal balance | 95,273,000 | ' | 95,273,000 | ' | 118,491,000 |
With no related allowance recorded, unpaid principal balance | 94,018,000 | ' | 94,018,000 | ' | 112,506,000 |
Related Allowance for Loan Losses [Abstract] | ' | ' | ' | ' | ' |
Total, related allowance for loan losses | 9,577,000 | ' | 9,577,000 | ' | 11,305,000 |
Average Recorded Investment [Abstract] | ' | ' | ' | ' | ' |
Total, Average recorded investment | 158,957,000 | 200,678,000 | 173,826,000 | 203,138,000 | ' |
Interest Income Recorded [Abstract] | ' | ' | ' | ' | ' |
Total, Interest income recorded | 2,443,000 | 2,341,000 | 6,758,000 | 5,979,000 | ' |
Commercial [Member] | Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Carrying Value [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, carrying value | 46,502,000 | ' | 46,502,000 | ' | 61,640,000 |
With no allowance recorded, carrying value | 57,782,000 | ' | 57,782,000 | ' | 53,108,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, unpaid principal balance | 59,377,000 | ' | 59,377,000 | ' | 75,459,000 |
With no related allowance recorded, unpaid principal balance | 75,745,000 | ' | 75,745,000 | ' | 81,579,000 |
Related Allowance for Loan Losses [Abstract] | ' | ' | ' | ' | ' |
Total, related allowance for loan losses | 5,276,000 | ' | 5,276,000 | ' | 7,563,000 |
Average Recorded Investment [Abstract] | ' | ' | ' | ' | ' |
Total, Average recorded investment | 111,720,000 | 126,443,000 | 117,185,000 | 128,941,000 | ' |
Interest Income Recorded [Abstract] | ' | ' | ' | ' | ' |
Total, Interest income recorded | 2,003,000 | 1,715,000 | 5,472,000 | 3,717,000 | ' |
Residential (including multi-family) [Member] | Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Carrying Value [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, carrying value | 14,770,000 | ' | 14,770,000 | ' | 17,776,000 |
With no allowance recorded, carrying value | 11,524,000 | ' | 11,524,000 | ' | 18,690,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, unpaid principal balance | 26,603,000 | ' | 26,603,000 | ' | 31,470,000 |
With no related allowance recorded, unpaid principal balance | 12,391,000 | ' | 12,391,000 | ' | 21,791,000 |
Related Allowance for Loan Losses [Abstract] | ' | ' | ' | ' | ' |
Total, related allowance for loan losses | 3,382,000 | ' | 3,382,000 | ' | 2,706,000 |
Average Recorded Investment [Abstract] | ' | ' | ' | ' | ' |
Total, Average recorded investment | 32,733,000 | 49,098,000 | 38,059,000 | 48,687,000 | ' |
Interest Income Recorded [Abstract] | ' | ' | ' | ' | ' |
Total, Interest income recorded | 380,000 | 596,000 | 1,057,000 | 1,722,000 | ' |
Construction, land development and other land [Member] | Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Carrying Value [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, carrying value | 5,536,000 | ' | 5,536,000 | ' | 7,150,000 |
With no allowance recorded, carrying value | 4,470,000 | ' | 4,470,000 | ' | 5,982,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, unpaid principal balance | 9,293,000 | ' | 9,293,000 | ' | 11,562,000 |
With no related allowance recorded, unpaid principal balance | 5,882,000 | ' | 5,882,000 | ' | 9,136,000 |
Related Allowance for Loan Losses [Abstract] | ' | ' | ' | ' | ' |
Total, related allowance for loan losses | 919,000 | ' | 919,000 | ' | 1,036,000 |
Average Recorded Investment [Abstract] | ' | ' | ' | ' | ' |
Total, Average recorded investment | 14,504,000 | 25,137,000 | 18,582,000 | 25,510,000 | ' |
Interest Income Recorded [Abstract] | ' | ' | ' | ' | ' |
Total, Interest income recorded | 60,000 | 30,000 | 229,000 | 540,000 | ' |
Commercial and other business-purpose loans [Member] | ' | ' | ' | ' | ' |
Carrying Value [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, carrying value | 5,096,000 | ' | 5,096,000 | ' | 7,609,000 |
With no allowance recorded, carrying value | 3,123,000 | ' | 3,123,000 | ' | 6,246,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, unpaid principal balance | 11,986,000 | ' | 11,986,000 | ' | 17,134,000 |
With no related allowance recorded, unpaid principal balance | 3,761,000 | ' | 3,761,000 | ' | 8,112,000 |
Related Allowance for Loan Losses [Abstract] | ' | ' | ' | ' | ' |
Total, related allowance for loan losses | 1,217,000 | ' | 1,217,000 | ' | 1,574,000 |
Average Recorded Investment [Abstract] | ' | ' | ' | ' | ' |
Total, Average recorded investment | 11,243,000 | 18,315,000 | 13,937,000 | 18,661,000 | ' |
Interest Income Recorded [Abstract] | ' | ' | ' | ' | ' |
Total, Interest income recorded | 100,000 | 61,000 | 410,000 | 671,000 | ' |
Consumer [Member] | ' | ' | ' | ' | ' |
Carrying Value [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, carrying value | 199,000 | ' | 199,000 | ' | 207,000 |
With no allowance recorded, carrying value | 51,000 | ' | 51,000 | ' | 9,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' | ' | ' |
With an allowance recorded, unpaid principal balance | 449,000 | ' | 449,000 | ' | 1,351,000 |
With no related allowance recorded, unpaid principal balance | 51,000 | ' | 51,000 | ' | 9,000 |
Related Allowance for Loan Losses [Abstract] | ' | ' | ' | ' | ' |
Total, related allowance for loan losses | 31,000 | ' | 31,000 | ' | 57,000 |
Average Recorded Investment [Abstract] | ' | ' | ' | ' | ' |
Total, Average recorded investment | 236,000 | 180,000 | 196,000 | 172,000 | ' |
Interest Income Recorded [Abstract] | ' | ' | ' | ' | ' |
Total, Interest income recorded | $7,000 | $0 | $7,000 | $7,000 | ' |
Loans_Receivables_Past_Due_Det
Loans, Receivables Past Due (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summarize the aging and amounts of past due loans [Abstract] | ' | ' |
More Than 29 Days, and Less Than 90 Days | $8,231 | $25,353 |
More Than 89 Days (Accruing) | 0 | 670 |
Loans on Nonaccrual Status (Generally, 90 Days or More) | 69,291 | 100,507 |
Total Amount of Loans More Than 29 Days Past Due or on Nonaccrual Status | 77,522 | 126,530 |
Loans Either Current or Less Than 30 Days Past Due | 627,206 | 804,795 |
Total Portfolio Loans | 704,728 | 931,325 |
Secured by Real Estate [Member] | ' | ' |
Summarize the aging and amounts of past due loans [Abstract] | ' | ' |
More Than 29 Days, and Less Than 90 Days | 7,077 | 22,140 |
More Than 89 Days (Accruing) | 0 | 600 |
Loans on Nonaccrual Status (Generally, 90 Days or More) | 64,478 | 92,159 |
Total Amount of Loans More Than 29 Days Past Due or on Nonaccrual Status | 71,555 | 114,899 |
Loans Either Current or Less Than 30 Days Past Due | 557,584 | 705,095 |
Total Portfolio Loans | 629,139 | 819,994 |
Commercial [Member] | Secured by Real Estate [Member] | ' | ' |
Summarize the aging and amounts of past due loans [Abstract] | ' | ' |
More Than 29 Days, and Less Than 90 Days | 4,798 | 12,534 |
More Than 89 Days (Accruing) | 0 | 515 |
Loans on Nonaccrual Status (Generally, 90 Days or More) | 46,944 | 65,443 |
Total Amount of Loans More Than 29 Days Past Due or on Nonaccrual Status | 51,742 | 78,492 |
Loans Either Current or Less Than 30 Days Past Due | 400,260 | 493,984 |
Total Portfolio Loans | 452,002 | 572,476 |
Residential (including multi-family) [Member] | Secured by Real Estate [Member] | ' | ' |
Summarize the aging and amounts of past due loans [Abstract] | ' | ' |
More Than 29 Days, and Less Than 90 Days | 1,582 | 5,364 |
More Than 89 Days (Accruing) | ' | 85 |
Loans on Nonaccrual Status (Generally, 90 Days or More) | 12,242 | 21,049 |
Total Amount of Loans More Than 29 Days Past Due or on Nonaccrual Status | 13,824 | 26,498 |
Loans Either Current or Less Than 30 Days Past Due | 132,811 | 180,843 |
Total Portfolio Loans | 146,635 | 207,341 |
Construction, land development and other land [Member] | Secured by Real Estate [Member] | ' | ' |
Summarize the aging and amounts of past due loans [Abstract] | ' | ' |
More Than 29 Days, and Less Than 90 Days | 697 | 4,242 |
Loans on Nonaccrual Status (Generally, 90 Days or More) | 5,292 | 5,667 |
Total Amount of Loans More Than 29 Days Past Due or on Nonaccrual Status | 5,989 | 9,909 |
Loans Either Current or Less Than 30 Days Past Due | 24,513 | 30,268 |
Total Portfolio Loans | 30,502 | 40,177 |
Commercial and other business-purpose loans [Member] | ' | ' |
Summarize the aging and amounts of past due loans [Abstract] | ' | ' |
More Than 29 Days, and Less Than 90 Days | 772 | 2,933 |
More Than 89 Days (Accruing) | ' | 70 |
Loans on Nonaccrual Status (Generally, 90 Days or More) | 4,680 | 8,159 |
Total Amount of Loans More Than 29 Days Past Due or on Nonaccrual Status | 5,452 | 11,162 |
Loans Either Current or Less Than 30 Days Past Due | 62,573 | 91,483 |
Total Portfolio Loans | 68,025 | 102,645 |
Consumer [Member] | ' | ' |
Summarize the aging and amounts of past due loans [Abstract] | ' | ' |
More Than 29 Days, and Less Than 90 Days | 382 | 280 |
More Than 89 Days (Accruing) | ' | 0 |
Loans on Nonaccrual Status (Generally, 90 Days or More) | 133 | 189 |
Total Amount of Loans More Than 29 Days Past Due or on Nonaccrual Status | 515 | 469 |
Loans Either Current or Less Than 30 Days Past Due | 5,099 | 6,224 |
Total Portfolio Loans | 5,614 | 6,693 |
Other [Member] | ' | ' |
Summarize the aging and amounts of past due loans [Abstract] | ' | ' |
More Than 29 Days, and Less Than 90 Days | 0 | ' |
More Than 89 Days (Accruing) | 0 | ' |
Loans on Nonaccrual Status (Generally, 90 Days or More) | 0 | ' |
Total Amount of Loans More Than 29 Days Past Due or on Nonaccrual Status | 0 | ' |
Loans Either Current or Less Than 30 Days Past Due | 1,950 | 1,993 |
Total Portfolio Loans | $1,950 | $1,993 |
Loans_Troubled_Debt_Restructur
Loans, Troubled Debt Restructuring (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Numberofcontracts | Numberofcontracts | Numberofcontracts | Numberofcontracts | ||
Summarizes loans modified as troubled debt restructurings related payment default [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts, troubled debt restructurings | 22 | 45 | 97 | 187 | ' |
Pre-restructuring outstanding recorded investment, troubled debt restructurings | $8,020,000 | $15,425,000 | $23,127,000 | $42,821,000 | ' |
Post-restructuring outstanding recorded investment, troubled debt restructurings | 7,229,000 | 12,394,000 | 18,493,000 | 36,940,000 | ' |
Loan Loss Reserve, troubled debt restructurings | 785,000 | 656,000 | 1,606,000 | 2,382,000 | ' |
Number of Contracts, troubled debt restructurings that subsequently defaulted | 8 | 32 | 36 | 72 | ' |
Recorded Investment troubled debt restructurings that subsequently defaulted | 2,864,000 | 6,466,000 | 8,291,000 | 9,629,000 | ' |
Substandard extended loan, amount | 8,400,000 | 15,600,000 | 8,400,000 | 15,600,000 | ' |
Percentage of loan extended (in hundredths) | 45.00% | 42.00% | 45.00% | 42.00% | ' |
Substandard extended loan contracts | 52 | 71 | 52 | 71 | ' |
Percentage of loan contracts extended | 54.00% | 38.00% | 54.00% | 38.00% | ' |
Troubled debt restructurings as loan type and accrual status [Abstract] | ' | ' | ' | ' | ' |
Troubled debt restructurings, On-non accrual status | 45,217,000 | ' | 45,217,000 | ' | 61,014,000 |
Troubled debt restructurings, On accrual status | 74,700,000 | ' | 74,700,000 | ' | 77,909,000 |
Troubled debt restructurings, Total | 119,917,000 | ' | 119,917,000 | ' | 138,923,000 |
Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Summarizes loans modified as troubled debt restructurings related payment default [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts, troubled debt restructurings | 17 | 35 | 74 | 161 | ' |
Pre-restructuring outstanding recorded investment, troubled debt restructurings | 7,789,000 | 14,665,000 | 21,251,000 | 41,035,000 | ' |
Post-restructuring outstanding recorded investment, troubled debt restructurings | 6,998,000 | 11,630,000 | 17,406,000 | 35,295,000 | ' |
Loan Loss Reserve, troubled debt restructurings | 784,000 | 591,000 | 1,308,000 | 2,292,000 | ' |
Number of Contracts, troubled debt restructurings that subsequently defaulted | 8 | 27 | 35 | 60 | ' |
Recorded Investment troubled debt restructurings that subsequently defaulted | 2,864,000 | 6,204,000 | 8,291,000 | 9,140,000 | ' |
Troubled debt restructurings as loan type and accrual status [Abstract] | ' | ' | ' | ' | ' |
Troubled debt restructurings, On-non accrual status | 42,551,000 | ' | 42,551,000 | ' | 57,049,000 |
Troubled debt restructurings, On accrual status | 71,174,000 | ' | 71,174,000 | ' | 72,187,000 |
Troubled debt restructurings, Total | 113,725,000 | ' | 113,725,000 | ' | 129,236,000 |
Commercial [Member] | Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Summarizes loans modified as troubled debt restructurings related payment default [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts, troubled debt restructurings | 7 | 17 | 31 | 82 | ' |
Pre-restructuring outstanding recorded investment, troubled debt restructurings | 6,941,000 | 11,325,000 | 17,200,000 | 30,669,000 | ' |
Post-restructuring outstanding recorded investment, troubled debt restructurings | 6,211,000 | 8,522,000 | 13,916,000 | 25,620,000 | ' |
Loan Loss Reserve, troubled debt restructurings | 749,000 | 404,000 | 1,066,000 | 1,746,000 | ' |
Number of Contracts, troubled debt restructurings that subsequently defaulted | 5 | 13 | 12 | 28 | ' |
Recorded Investment troubled debt restructurings that subsequently defaulted | 2,570,000 | 4,574,000 | 4,874,000 | 6,073,000 | ' |
Troubled debt restructurings as loan type and accrual status [Abstract] | ' | ' | ' | ' | ' |
Troubled debt restructurings, On-non accrual status | 31,670,000 | ' | 31,670,000 | ' | 41,350,000 |
Troubled debt restructurings, On accrual status | 53,394,000 | ' | 53,394,000 | ' | 49,305,000 |
Troubled debt restructurings, Total | 85,064,000 | ' | 85,064,000 | ' | 90,655,000 |
Residential (including multi-family) [Member] | Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Summarizes loans modified as troubled debt restructurings related payment default [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts, troubled debt restructurings | 10 | 15 | 41 | 67 | ' |
Pre-restructuring outstanding recorded investment, troubled debt restructurings | 848,000 | 2,427,000 | 3,957,000 | 8,398,000 | ' |
Post-restructuring outstanding recorded investment, troubled debt restructurings | 787,000 | 2,195,000 | 3,399,000 | 7,838,000 | ' |
Loan Loss Reserve, troubled debt restructurings | 35,000 | 154,000 | 230,000 | 489,000 | ' |
Number of Contracts, troubled debt restructurings that subsequently defaulted | 3 | 8 | 19 | 21 | ' |
Recorded Investment troubled debt restructurings that subsequently defaulted | 294,000 | 549,000 | 1,990,000 | 1,761,000 | ' |
Troubled debt restructurings as loan type and accrual status [Abstract] | ' | ' | ' | ' | ' |
Troubled debt restructurings, On-non accrual status | 7,651,000 | ' | 7,651,000 | ' | 12,902,000 |
Troubled debt restructurings, On accrual status | 13,694,000 | ' | 13,694,000 | ' | 15,417,000 |
Troubled debt restructurings, Total | 21,345,000 | ' | 21,345,000 | ' | 28,319,000 |
Construction, land development and other land [Member] | Secured by Real Estate [Member] | ' | ' | ' | ' | ' |
Summarizes loans modified as troubled debt restructurings related payment default [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts, troubled debt restructurings | 0 | 3 | 2 | 12 | ' |
Pre-restructuring outstanding recorded investment, troubled debt restructurings | 0 | 913,000 | 94,000 | 1,968,000 | ' |
Post-restructuring outstanding recorded investment, troubled debt restructurings | 0 | 913,000 | 91,000 | 1,837,000 | ' |
Loan Loss Reserve, troubled debt restructurings | 0 | 33,000 | 12,000 | 57,000 | ' |
Number of Contracts, troubled debt restructurings that subsequently defaulted | 0 | 6 | 4 | 11 | ' |
Recorded Investment troubled debt restructurings that subsequently defaulted | 0 | 1,081,000 | 1,427,000 | 1,306,000 | ' |
Troubled debt restructurings as loan type and accrual status [Abstract] | ' | ' | ' | ' | ' |
Troubled debt restructurings, On-non accrual status | 3,230,000 | ' | 3,230,000 | ' | 2,797,000 |
Troubled debt restructurings, On accrual status | 4,086,000 | ' | 4,086,000 | ' | 7,465,000 |
Troubled debt restructurings, Total | 7,316,000 | ' | 7,316,000 | ' | 10,262,000 |
Commercial and other business-purpose loans [Member] | ' | ' | ' | ' | ' |
Summarizes loans modified as troubled debt restructurings related payment default [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts, troubled debt restructurings | 2 | 10 | 20 | 25 | ' |
Pre-restructuring outstanding recorded investment, troubled debt restructurings | 129,000 | 760,000 | 1,774,000 | 1,784,000 | ' |
Post-restructuring outstanding recorded investment, troubled debt restructurings | 129,000 | 764,000 | 985,000 | 1,644,000 | ' |
Loan Loss Reserve, troubled debt restructurings | 0 | 65,000 | 297,000 | 90,000 | ' |
Number of Contracts, troubled debt restructurings that subsequently defaulted | 0 | 4 | 1 | 10 | ' |
Recorded Investment troubled debt restructurings that subsequently defaulted | 0 | 215,000 | 0 | 441,000 | ' |
Troubled debt restructurings as loan type and accrual status [Abstract] | ' | ' | ' | ' | ' |
Troubled debt restructurings, On-non accrual status | 2,666,000 | ' | 2,666,000 | ' | 3,965,000 |
Troubled debt restructurings, On accrual status | 3,409,000 | ' | 3,409,000 | ' | 5,695,000 |
Troubled debt restructurings, Total | 6,075,000 | ' | 6,075,000 | ' | 9,660,000 |
Consumer [Member] | ' | ' | ' | ' | ' |
Summarizes loans modified as troubled debt restructurings related payment default [Abstract] | ' | ' | ' | ' | ' |
Number of Contracts, troubled debt restructurings | 3 | 0 | 3 | 1 | ' |
Pre-restructuring outstanding recorded investment, troubled debt restructurings | 102,000 | 0 | 102,000 | 2,000 | ' |
Post-restructuring outstanding recorded investment, troubled debt restructurings | 102,000 | 0 | 102,000 | 1,000 | ' |
Loan Loss Reserve, troubled debt restructurings | 1,000 | 0 | 1,000 | 0 | ' |
Number of Contracts, troubled debt restructurings that subsequently defaulted | 0 | 1 | 0 | 2 | ' |
Recorded Investment troubled debt restructurings that subsequently defaulted | 0 | 47,000 | 0 | 48,000 | ' |
Troubled debt restructurings as loan type and accrual status [Abstract] | ' | ' | ' | ' | ' |
Troubled debt restructurings, On accrual status | 117,000 | ' | 117,000 | ' | 27,000 |
Troubled debt restructurings, Total | $117,000 | ' | $117,000 | ' | $27,000 |
Discontinued_Operations_Detail
Discontinued Operations (Details) (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 | Dec. 31, 2012 | Dec. 31, 2011 |
Sale of Bank Subsidiary [Abstract] | ' | ' | ' | ' | ' | ' |
Sale Proceeds | ' | ' | $1,000 | $8,940 | ' | ' |
Gain (Loss) | -4,653 | 29 | -5,911 | 155 | ' | ' |
Income Statement of Discontinued Operations [Abstract] | ' | ' | ' | ' | ' | ' |
Interest income | 10,436 | 14,720 | 33,750 | 45,440 | ' | ' |
Interest expense | 1,504 | 3,303 | 5,107 | 14,450 | ' | ' |
Net interest income | 8,932 | 11,417 | 28,643 | 30,990 | ' | ' |
Provision for loan losses | ' | ' | -12,764 | 2,247 | ' | ' |
Net interest income after provision for loan losses | 8,929 | 11,140 | 40,826 | 30,199 | ' | ' |
Noninterest income | 2,589 | 5,063 | 8,619 | 11,304 | ' | ' |
Gain (Loss) | -4,653 | 29 | -5,911 | 155 | ' | ' |
Noninterest expense | 12,400 | 17,361 | 42,675 | 56,171 | ' | ' |
Less income tax expense | 0 | 39 | 0 | 101 | ' | ' |
Income (loss) from discontinued operations | -4,561 | -1,442 | -5,453 | -6,135 | ' | ' |
Net income from discontinued operations per common share attributable to Capitol Bancorp Limited | ($0.11) | ($0.03) | ($0.12) | ($0.12) | ' | ' |
Assets of Disposal Group, Including Discontinued Operation [Abstract] | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 215,131 | 285,019 | 215,131 | 285,019 | 258,067 | 271,211 |
Portfolio loans | 704,728 | ' | 704,728 | ' | 931,325 | ' |
Less allowance for loan losses | -32,265 | ' | -32,265 | ' | -51,508 | ' |
Net portfolio loans | 672,463 | ' | 672,463 | ' | 879,817 | ' |
Premises and equipment | 15,563 | ' | 15,563 | ' | 17,715 | ' |
Other real estate owned | 47,783 | ' | 47,783 | ' | 63,242 | ' |
Other assets | 10,122 | ' | 10,122 | ' | 14,438 | ' |
TOTAL ASSETS | 984,205 | ' | 984,205 | ' | 1,621,302 | ' |
Liabilities of Disposal Group, Including Discontinued Operation [Abstract] | ' | ' | ' | ' | ' | ' |
Noninterest-bearing deposits | 190,745 | ' | 190,745 | ' | 246,538 | ' |
Interest-bearing deposits | 723,744 | ' | 723,744 | ' | 947,603 | ' |
Total deposits | 914,489 | ' | 914,489 | ' | 1,194,141 | ' |
Total liabilities | 1,126,868 | ' | 1,126,868 | ' | 1,758,850 | ' |
Discontinued Operations [Member] | ' | ' | ' | ' | ' | ' |
Sale of Bank Subsidiary [Abstract] | ' | ' | ' | ' | ' | ' |
Gain (Loss) | -4,653 | 29 | -5,911 | 155 | ' | ' |
Income Statement of Discontinued Operations [Abstract] | ' | ' | ' | ' | ' | ' |
Interest income | 1,316 | 5,247 | 7,798 | 19,402 | ' | ' |
Interest expense | 125 | 875 | 958 | 3,585 | ' | ' |
Net interest income | 1,191 | 4,372 | 6,840 | 15,817 | ' | ' |
Provision for loan losses | 0 | 248 | -581 | 1,455 | ' | ' |
Net interest income after provision for loan losses | 1,191 | 4,124 | 7,421 | 14,362 | ' | ' |
Noninterest income | 78 | 564 | 1,055 | 2,037 | ' | ' |
Gain (Loss) | -4,653 | 29 | -5,911 | 155 | ' | ' |
Noninterest expense | 1,177 | 6,120 | 8,018 | 22,588 | ' | ' |
Income (loss) before income taxes | -4,561 | -1,403 | -5,453 | -6,034 | ' | ' |
Less income tax expense | 0 | 39 | 0 | 101 | ' | ' |
Income (loss) from discontinued operations | -4,561 | -1,442 | -5,453 | -6,135 | ' | ' |
Net (income) loss attributable to non-controlling interests in consolidated subsidiaries | 0 | 395 | 327 | 1,412 | ' | ' |
Net income (loss) from discontinued operations attributable to Capitol Bancorp Limited | -4,561 | -1,047 | -5,126 | -4,723 | ' | ' |
Net income from discontinued operations per common share attributable to Capitol Bancorp Limited | ($0.11) | ($0.03) | ($0.12) | ($0.12) | ' | ' |
Assets of Disposal Group, Including Discontinued Operation [Abstract] | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' | 68,780 | ' |
Investment securities | ' | ' | ' | ' | 44 | ' |
Federal Home Loan Bank stock | ' | ' | ' | ' | 3,075 | ' |
Portfolio loans | ' | ' | ' | ' | 278,392 | ' |
Less allowance for loan losses | ' | ' | ' | ' | -11,947 | ' |
Net portfolio loans | ' | ' | ' | ' | 266,445 | ' |
Premises and equipment | ' | ' | ' | ' | 3,114 | ' |
Other real estate owned | ' | ' | ' | ' | 17,721 | ' |
Other assets | ' | ' | ' | ' | 2,688 | ' |
TOTAL ASSETS | ' | ' | ' | ' | 361,867 | ' |
Liabilities of Disposal Group, Including Discontinued Operation [Abstract] | ' | ' | ' | ' | ' | ' |
Noninterest-bearing deposits | ' | ' | ' | ' | 76,873 | ' |
Interest-bearing deposits | ' | ' | ' | ' | 272,854 | ' |
Total deposits | ' | ' | ' | ' | 349,727 | ' |
Other liabilities | ' | ' | ' | ' | 4,293 | ' |
Total liabilities | ' | ' | ' | ' | $354,020 | ' |
DECONSOLIDATION_OF_SUBSIDIARIE
DECONSOLIDATION OF SUBSIDIARIES (Details) (USD $) | 9 Months Ended | 1 Months Ended | 3 Months Ended | |
Sep. 30, 2013 | Apr. 30, 2013 | Feb. 28, 2013 | Dec. 31, 2013 | |
Capitol National Bank [Member] | Capitol National Bank [Member] | Capitol National Bank [Member] | ||
Subsidiary, Sale of Stock [Line Items] | ' | ' | ' | ' |
Proceeds from the sale of subsidiary | ' | ' | $1,000,000 | ' |
Net loss on sale and subsequent deconsolidation | ' | 703,000 | 2,200,000 | 1,300,000 |
Assets and Equity removed from consolidation | ' | ' | $146,000,000 | ' |
Percentage of Sale Proceeds to FDIC | 85.00% | ' | ' | 85.00% |
Fair_Value_Details
Fair Value (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Fair value, assets measured on recurring and nonrecurring basis [Abstract] | ' | ' | ||
Investment securities available for sale, Assets | $14,552 | $15,662 | ||
Carrying Value [Member] | ' | ' | ||
Fair value, assets measured on recurring and nonrecurring basis [Abstract] | ' | ' | ||
Investment securities available for sale, Assets | 14,552 | 15,662 | ||
Significant Other Observable Inputs (Level 2) [Member] | Estimate Fair Value [Member] | ' | ' | ||
Fair value, assets measured on recurring and nonrecurring basis [Abstract] | ' | ' | ||
Investment securities available for sale, Assets | 14,552 | 15,662 | ||
Recurring [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Liabilities measured at fair value | 0 | 0 | ||
Recurring [Member] | Estimate Fair Value [Member] | ' | ' | ||
Fair value, assets measured on recurring and nonrecurring basis [Abstract] | ' | ' | ||
United States Treasury | 3,250 | 3,500 | ||
United States Government Agency | 4,682 | 3,987 | ||
Mortgage-backed | 6,620 | 8,175 | ||
Investment securities available for sale, Assets | 14,552 | 15,662 | ||
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Estimate Fair Value [Member] | ' | ' | ||
Fair value, assets measured on recurring and nonrecurring basis [Abstract] | ' | ' | ||
United States Treasury | 3,250 | [1] | 3,500 | [1] |
United States Government Agency | 4,682 | [1] | 3,987 | [1] |
Mortgage-backed | 6,620 | [1] | 8,175 | [1] |
Investment securities available for sale, Assets | 14,552 | 15,662 | ||
Nonrecurring [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Liabilities measured at fair value | 0 | 0 | ||
Nonrecurring [Member] | Estimate Fair Value [Member] | ' | ' | ||
Fair value, assets measured on recurring and nonrecurring basis [Abstract] | ' | ' | ||
Impaired Loans | 76,950 | [2] | 84,035 | [2] |
Other real estate owned | 47,783 | [3] | 63,242 | [3] |
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Estimate Fair Value [Member] | ' | ' | ||
Fair value, assets measured on recurring and nonrecurring basis [Abstract] | ' | ' | ||
Impaired Loans | 76,950 | [2] | 84,035 | [2] |
Other real estate owned | $47,783 | [3] | $63,242 | [3] |
[1] | Level 2 inputs for investment securities available for sale include pricing models from independent pricing sources with reasonable levels of price transparency. | |||
[2] | Level 3 inputs for impaired loans include appraised value of the applicable collateral or other unobservable estimates of fair value. | |||
[3] | Level 3 inputs for other real estate owned include appraised value of the foreclosed property or other unobservable estimates of fair value. Fair value is reduced by estimated costs to sell the properties (including delinquent real estate taxes). |
Fair_Value_by_Balance_Sheet_Gr
Fair Value, by Balance Sheet Grouping (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investment securities: | ' | ' |
Available for sale | $14,552 | $15,662 |
Loans secured by real estate: | ' | ' |
Less allowance for loan losses | 32,265 | 51,508 |
Carrying Value [Member] | ' | ' |
Financial assets: | ' | ' |
Cash | 22,282 | 43,727 |
Cash equivalents | 192,849 | 214,340 |
Loans held for sale | 73 | ' |
Investment securities: | ' | ' |
Available for sale | 14,552 | 15,662 |
Federal Home Loan Bank and Federal Reserve Bank stock | 6,262 | 7,456 |
Loans secured by real estate: | ' | ' |
Commercial | 452,002 | 572,476 |
Residential (including multi-family) | 146,635 | 207,341 |
Construction, land development and other land | 30,502 | 40,177 |
Total loans secured by real estate | 629,139 | 819,994 |
Commercial and other business-purpose loans | 68,025 | 102,645 |
Consumer | 5,614 | 6,693 |
Other | 1,950 | 1,993 |
Total portfolio loans | 704,728 | 931,325 |
Less allowance for loan losses | -32,265 | -51,508 |
Net portfolio loans | 672,463 | 879,817 |
Deposits: | ' | ' |
Noninterest-bearing | 190,745 | 246,538 |
Interest-bearing: | ' | ' |
Demand accounts | 279,916 | 362,710 |
Time certificates of less than $100,000 | 187,919 | 256,261 |
Time Deposits 100000 Or More Fair Value Disclosure | 255,909 | 328,632 |
Total interest-bearing | 723,744 | 947,603 |
Total deposits | 914,489 | 1,194,141 |
Notes payable and other borrowings | 8,908 | 5,426 |
Estimate Fair Value [Member] | ' | ' |
Loans secured by real estate: | ' | ' |
Total loans secured by real estate | 625,671 | 817,747 |
Total portfolio loans | 700,927 | 928,799 |
Net portfolio loans | 668,662 | 877,291 |
Interest-bearing: | ' | ' |
Total interest-bearing | 726,159 | 952,519 |
Total deposits | 916,904 | 1,199,057 |
Estimate Fair Value [Member] | Fair Value, Level 1 [Member] | ' | ' |
Financial assets: | ' | ' |
Cash | 22,282 | 43,727 |
Deposits: | ' | ' |
Noninterest-bearing | 190,745 | 246,538 |
Estimate Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Financial assets: | ' | ' |
Cash equivalents | 192,849 | 214,340 |
Loans held for sale | 73 | ' |
Investment securities: | ' | ' |
Available for sale | 14,552 | 15,662 |
Federal Home Loan Bank and Federal Reserve Bank stock | 6,262 | 7,456 |
Interest-bearing: | ' | ' |
Demand accounts | 279,916 | 362,710 |
Estimate Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Loans secured by real estate: | ' | ' |
Commercial | 448,343 | 569,789 |
Residential (including multi-family) | 146,848 | 207,737 |
Construction, land development and other land | 30,480 | 40,221 |
Commercial and other business-purpose loans | 67,709 | 102,352 |
Consumer | 5,712 | 6,836 |
Other | 1,835 | 1,864 |
Less allowance for loan losses | -32,265 | -51,508 |
Interest-bearing: | ' | ' |
Time certificates of less than $100,000 | 188,997 | 258,728 |
Time Deposits 100000 Or More Fair Value Disclosure | 257,246 | 331,081 |
Notes payable and other borrowings | $10,106 | $6,667 |
Net_Income_Loss_Per_Common_Sha2
Net Income (Loss) Per Common Share Attributable to Capitol Bancorp Limited (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income loss from continuing and discontinuing operations per basic share [Abstract] | ' | ' | ' | ' |
Numerator-net income (loss) attributable to Capitol Bancorp Limited for the period | ($5,703) | ($4,923) | $1,130 | ($21,724) |
Denominator | ' | ' | ' | ' |
Weighted average number of common shares and potential dilution (in shares) | 41,169 | 41,070 | 41,169 | 41,037 |
Net income (loss) per common share attributable to Capitol Bancorp Limited: | ' | ' | ' | ' |
From continuing operations (in dollars per share) | ($0.03) | ($0.09) | $0.15 | ($0.41) |
From discontinued operations (in dollars per share) | ($0.11) | ($0.03) | ($0.12) | ($0.12) |
Total net income (loss) per common share attributable to Capitol Bancorp Limited | ($0.14) | ($0.12) | $0.03 | ($0.53) |
Stock options [Member] | ' | ' | ' | ' |
Denominator | ' | ' | ' | ' |
Number of antidilutive securities excluded from diluted earnings per share computation | 878 | 1,445 | 878 | 1,445 |
Unvested restricted shares [Member] | ' | ' | ' | ' |
Denominator | ' | ' | ' | ' |
Number of antidilutive securities excluded from diluted earnings per share computation | 2 | 9 | 2 | 9 |
Warrants [Member] | ' | ' | ' | ' |
Denominator | ' | ' | ' | ' |
Number of antidilutive securities excluded from diluted earnings per share computation | 0 | 1,250 | 0 | 1,250 |
TrustPreferred_Securities_and_1
Trust-Preferred Securities and Debt Extinguishment (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Schedule Of Trust Preferred Securities [Line Items] | ' | ' |
Maximum deferred period of payment of interest | '5 years | ' |
Accrued interest payable on trust preferred securities | $33.30 | $33.30 |
Pending_Sale_of_Subsidiary_Ban1
Pending Sale of Subsidiary Banks (Details) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Pending Sale of Subsidiary Banks [Abstract] | ' |
Proceeds From Pending Sale of Bank of Maumee | $81,000 |
Projected Loss From Pending sale | $405,000 |
Percentage of Sale Proceeds to FDIC | 85.00% |
Regulatory_and_Operating_Matte1
Regulatory and Operating Matters (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Feb. 28, 2013 |
Regulatory and Operating Matters [Abstract] | ' | ' |
Maximum number of days for notification after the end of any quarter under which capital ratios fall below approved capital plan's minimum ratios | '30 days | ' |
Maximum amount of assets of entity's that issued trust preferred securities | $10 | ' |
Number of preferred shares for each outstanding common share for declared dividend (in shares) | 'one | ' |
Capital Injection For Capital Adequacy | ' | $1 |
Risk Based Capital Required For Capital Adequacy | ' | 4.00% |
Regulatory_Capital_Matters_Det
Regulatory Capital Matters (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
Tier 1 capital to average adjusted total assets: | ' | ' | ||
Tier 1 capital to average adjusted total assets, minimum required amount | $42,326,000 | [1] | $66,520,000 | [1],[2] |
Tier 1 capital to average adjusted total assets, actual amount | -142,572,000 | -144,341,000 | [2] | |
Tier 1 capital to average adjusted total assets, ratio (in hundredths) | -13.47% | -8.68% | [2] | |
Tier 1 capital to risk-weighted assets: | ' | ' | ||
Tier 1 capital to risk-weighted assets, Minimum required amount | 29,020,000 | [3] | 49,402,000 | [2],[3] |
Tier 1 capital to risk-weighted assets, Actual amount | -142,572,000 | -144,341,000 | [2] | |
Tier 1 capital to risk-weighted assets, Ratio (in hundredths) | -19.65% | -11.69% | [2] | |
Combined Tier 1 and Tier 2 capital to risk-weighted assets: | ' | ' | ||
Combined Tier 1 and Tier 2 capital to risk-weighted assets, Minimum required amount | 58,041,000 | [4] | 98,805,000 | [2],[4] |
Combined Tier 1 and Tier 2 capital to risk-weighted assets, Actual amount | -142,572,000 | -144,341,000 | [2] | |
Combined Tier 1 and Tier 2 capital to risk-weighted assets, Ratio (in hundredths) | -19.65% | -11.69% | [2] | |
Minimum required ratio of Tier 1 capital to risk-weighted assets (in hundredths) | 4.00% | 4.00% | ||
Minimum required ratio of Tier 1 and Tier 2 capital to risk-weighted assets (in hundredths) | 8.00% | 8.00% | ||
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% | ||
Previously qualifying Tier 2 capital | $160,700,000 | $167,300,000 | ||
Tier two risk based capital specified as percentage of tier one risk based capital, maximum (in hundredths) | 100.00% | 100.00% | ||
[1] | The minimum required ratio of Tier 1 capital to average adjusted total assets to be considered "adequately-capitalized" is 4%. | |||
[2] | As originally filed with regulatory agency. | |||
[3] | The minimum required ratio of Tier 1 capital to risk-weighted assets to be considered "adequately-capitalized" is 4%. | |||
[4] | The minimum required ratio of Tier 1 and Tier 2 capital to risk-weighted assets to be considered "adequately-capitalized" is 8% |