Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 31, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Fiscal Year Focus | '2013 | ' |
Entity Registrant Name | 'EVANS BANCORP INC | ' |
Entity Central Index Key | '0000842518 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 4,195,801 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $20,773 | $12,409 |
Interest-bearing deposits at banks | 42,669 | 78,068 |
Securities: | ' | ' |
Available for sale, at fair value (amortized cost: $91,509 at September 30, 2013; $88,054 at December 31, 2012) | 92,568 | 92,063 |
Held to maturity, at amortized cost (fair value: $3,709 at September 30, 2013; $3,721 at December 31, 2012) | 3,776 | 3,744 |
Federal Home Loan Bank common stock, at amortized cost | 1,364 | 1,804 |
Federal Reserve Bank common stock, at amortized cost | 1,467 | 1,445 |
Loans and leases, net of allowance for loan and lease losses of $10,890 at September 30, 2013 and $9,732 at December 31, 2012 | 614,665 | 573,163 |
Properties and equipment, net of accumulated depreciation of $15,072 at September 30, 2013 and $14,256 at December 31, 2012 | 10,973 | 11,368 |
Goodwill | 8,101 | 8,101 |
Intangible assets | 148 | 329 |
Bank-owned life insurance | 19,682 | 15,333 |
Other assets | 10,774 | 11,849 |
TOTAL ASSETS | 826,960 | 809,676 |
LIABILITIES | ' | ' |
Demand deposits | 140,423 | 123,405 |
NOW deposits | 66,095 | 65,753 |
Regular savings deposits | 383,766 | 380,924 |
Time deposits | 112,341 | 108,910 |
Total deposits | 702,625 | 678,992 |
Securities sold under agreement to repurchase | 14,179 | 12,111 |
Other short term borrowings | 3,000 | 10,000 |
Other liabilities | 11,191 | 13,415 |
Junior subordinated debentures | 11,330 | 11,330 |
Long term borrowings | 6,000 | 9,000 |
Total liabilities | 748,325 | 734,848 |
CONTINGENT LIABILITIES AND COMMITMENTS | ' | ' |
STOCKHOLDERS' EQUITY: | ' | ' |
Common stock, $.50 par value, 10,000,000 shares authorized; 4,201,571 and 4,171,473 shares issued at September 30, 2013 and December 31, 2012, respectively, and 4,200,207 and 4,171,473 outstanding at September 30, 2013 and December 31, 2012, respectively | 2,102 | 2,087 |
Capital surplus | 42,419 | 42,029 |
Retained earnings | 35,708 | 30,611 |
Accumulated other comprehensive (loss) gain, net of tax | -1,594 | 101 |
Total stockholders' equity | 78,635 | 74,828 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $826,960 | $809,676 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Consolidated Balance Sheets [Abstract] | ' | ' |
Available for sale, cost | $91,509 | $88,054 |
Held to maturity, fair value | 3,709 | 3,721 |
Allowance for loan and lease losses | 10,890 | 9,732 |
Properties and equipment, accumulated depreciation | $15,072 | $14,256 |
Common stock, par value | $0.50 | $0.50 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 4,201,571 | 4,171,473 |
Common stock, shares outstanding | 4,200,207 | 4,171,473 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (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 |
INTEREST INCOME | ' | ' | ' | ' |
Loans and leases | $7,445 | $7,567 | $21,974 | $22,596 |
Interest bearing deposits at banks | 39 | 15 | 103 | 39 |
Securities: | ' | ' | ' | ' |
Taxable | 402 | 450 | 1,223 | 1,452 |
Non-taxable | 263 | 277 | 799 | 879 |
Total interest income | 8,149 | 8,309 | 24,099 | 24,966 |
INTEREST EXPENSE | ' | ' | ' | ' |
Deposits | 806 | 1,106 | 2,506 | 3,494 |
Other borrowings | 87 | 170 | 347 | 533 |
Junior subordinated debentures | 82 | 88 | 243 | 261 |
Total interest expense | 975 | 1,364 | 3,096 | 4,288 |
NET INTEREST INCOME | 7,174 | 6,945 | 21,003 | 20,678 |
PROVISION FOR LOAN AND LEASE LOSSES | 774 | 9 | 1,304 | 62 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES | 6,400 | 6,936 | 19,699 | 20,616 |
NON-INTEREST INCOME | ' | ' | ' | ' |
Bank charges | 540 | 487 | 1,528 | 1,360 |
Insurance service and fees | 1,906 | 1,774 | 5,632 | 5,363 |
Data center income | 118 | 103 | 342 | 347 |
Gain on loans sold | ' | 129 | 25 | 257 |
Bank-owned life insurance | 108 | 118 | 350 | 370 |
Loss on tax credit investment | -1,555 | ' | -1,555 | ' |
Other | 1,501 | 605 | 2,821 | 1,846 |
Total non-interest income | 2,618 | 3,216 | 9,143 | 9,543 |
NON-INTEREST EXPENSE | ' | ' | ' | ' |
Salaries and employee benefits | 4,637 | 4,778 | 13,151 | 13,221 |
Occupancy | 695 | 679 | 2,249 | 2,009 |
Repairs and maintenance | 169 | 210 | 534 | 556 |
Advertising and public relations | 158 | 119 | 518 | 600 |
Professional services | 480 | 356 | 1,414 | 1,462 |
Technology and communications | 299 | 320 | 930 | 860 |
Amortization of intangibles | 55 | 77 | 180 | 287 |
FDIC insurance | 147 | 118 | 450 | 392 |
Other | 708 | 699 | 2,256 | 2,201 |
Total non-interest expense | 7,348 | 7,356 | 21,682 | 21,588 |
INCOME BEFORE INCOME TAXES | 1,670 | 2,796 | 7,160 | 8,571 |
INCOME TAX PROVISION (BENEFIT) | -780 | 660 | 971 | 2,562 |
NET INCOME | $2,450 | $2,136 | $6,189 | $6,009 |
Net income per common share-basic | $0.59 | $0.51 | $1.48 | $1.45 |
Net income per common share-diluted | $0.58 | $0.51 | $1.47 | $1.45 |
Cash dividends per common share | $0.26 | $0.22 | $0.26 | $0.44 |
Weighted average number of common shares outstanding | 4,181,041 | 4,153,246 | 4,178,241 | 4,139,951 |
Weighted average number of diluted shares outstanding | 4,232,961 | 4,177,567 | 4,220,405 | 4,153,387 |
Statements_Of_Consolidated_Com
Statements Of Consolidated Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Statements Of Consolidated Comprehensive Income [Abstract] | ' | ' | ' | ' | ||||
Net Income | $2,450 | $2,136 | $6,189 | $6,009 | ||||
Unrealized gain (loss) on available-for-sale securities, Net-of-Tax | -142 | 357 | -1,808 | 256 | ||||
Reclassification of gain on sale of securities | ' | ' | ' | ' | ||||
Net change, Net-of-Tax Amount | -142 | 357 | -1,808 | 256 | ||||
Defined benefit pension plans: | ' | ' | ' | ' | ||||
Amortization of prior service cost | 10 | [1] | 13 | [1] | 32 | [1] | 40 | [1] |
Amortization of actuarial loss | 28 | [1] | 26 | [1] | 81 | [1] | 78 | [1] |
Total | 38 | 39 | 113 | 118 | ||||
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX | -104 | 396 | -1,695 | 374 | ||||
COMPREHENSIVE INCOME | $2,346 | $2,532 | $4,494 | $6,383 | ||||
[1] | Included in net periodic pension cost, as described in Note 9 - bNet Periodic Benefit Costsb |
Consolidated_Statements_Of_Cha
Consolidated Statements Of Changes In Stockholdersb Equity (USD $) | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive (Loss) Income [Member] | Total |
In Thousands | |||||
Balance at Dec. 31, 2011 | $2,063 | $41,275 | $25,304 | $346 | $68,988 |
Net Income | ' | ' | 6,009 | ' | 6,009 |
Other comprehensive income (loss) | ' | ' | ' | 374 | 374 |
Cash dividends | ' | ' | -1,822 | ' | -1,822 |
Stock options and restricted stock expense | ' | 233 | ' | ' | 233 |
Issued shares under dividend reinvestment plan | 3 | 92 | ' | ' | 95 |
Issued restricted shares | 6 | -6 | ' | ' | ' |
Issued shares under Employee Stock Purchase Plan | 5 | 99 | ' | ' | 104 |
Balance at Sep. 30, 2012 | 2,077 | 41,693 | 29,491 | 720 | 73,981 |
Balance at Dec. 31, 2012 | 2,087 | 42,029 | 30,611 | 101 | 74,828 |
Net Income | ' | ' | 6,189 | ' | 6,189 |
Other comprehensive income (loss) | ' | ' | ' | -1,695 | -1,695 |
Cash dividends | ' | ' | -1,092 | ' | -1,092 |
Stock options and restricted stock expense | ' | 266 | ' | ' | 266 |
Excess tax expense from stock-based compensation | ' | -9 | ' | ' | -9 |
Issued restricted shares | 9 | -19 | ' | ' | -10 |
Issued shares through stock option exercise | 2 | 61 | ' | ' | 63 |
Issued shares under Employee Stock Purchase Plan | 4 | 91 | ' | ' | 95 |
Balance at Sep. 30, 2013 | $2,102 | $42,419 | $35,708 | ($1,594) | $78,635 |
Consolidated_Statements_Of_Cha1
Consolidated Statements Of Changes In Stockholdersb Equity (Parenthetical) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Consolidated Statements Of Changes In Stockholdersb Equity [Abstract] | ' | ' |
Cash dividends per common share | $0.26 | $0.44 |
Shares issued under dividend reinvestment plan | ' | 6,680 |
Restricted shares issued | 17,567 | 11,493 |
Shares issued through stock options exercise | 4,100 | ' |
Shares issued under Employee Stock Purchase Plan | 7,067 | 10,267 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
OPERATING ACTIVITIES: | ' | ' |
Interest received | $23,849 | $24,648 |
Fees received | 11,106 | 8,794 |
Interest paid | -3,111 | -4,326 |
Cash paid to employees and vendors | -20,642 | -18,976 |
Cash contributed to pension plan | -185 | -340 |
Income taxes paid | -2,327 | -2,274 |
Proceeds from sale of loans held for resale | 776 | 17,407 |
Originations of loans held for resale | 187 | -16,242 |
Net cash provided by operating activities | 9,653 | 8,691 |
INVESTING ACTIVITIES: | ' | ' |
Purchases of available for sale securities | -16,180 | -25,957 |
Proceeds from maturities, calls, and payments of available for sale securities | 12,800 | 34,409 |
Purchases of held to maturity securities | -691 | -1,567 |
Proceeds from maturities, calls, and payments of held to maturity securities | 659 | 1,335 |
Cash paid for bank owned life insurance | -4,000 | ' |
Additions to properties and equipment | -567 | -1,453 |
Net (increase) decrease in loans | -44,558 | -18,045 |
Net cash used in investing activities | -52,537 | -11,278 |
FINANCING ACTIVITIES: | ' | ' |
Repayments of borrowings | -7,932 | -2,929 |
Net increase in deposits | 23,633 | 56,528 |
Dividends paid | ' | -909 |
Issuance of common stock | 148 | 199 |
Net cash provided by financing activities | 15,849 | 52,889 |
Net increase (decrease) in cash and equivalents | -27,035 | 50,302 |
CASH AND CASH EQUIVALENTS: | ' | ' |
Beginning of period | 90,477 | 14,678 |
End of period | 63,442 | 64,980 |
RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES: | ' | ' |
Net income | 6,189 | 6,009 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 1,425 | 1,505 |
Deferred tax expense | 93 | 476 |
Provision for loan and lease losses | 1,304 | 62 |
Premium on loans sold | -25 | -257 |
Stock options and restricted stock expense | 266 | 233 |
Proceeds from sale of loans held for resale | 776 | 17,407 |
Originations of loans held for resale | 187 | -16,242 |
Cash contributed to pension plan | -185 | -340 |
Changes in assets and liabilities affecting cash flow: | ' | ' |
Other assets | -2,482 | 1,387 |
Other liabilities | 2,105 | -1,549 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | $9,653 | $8,691 |
Organization_And_Summary_Of_Si
Organization And Summary Of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Organization And Summary Of Significant Accounting Policies [Abstract] | ' |
Organization And Summary Of Significant Accounting Policies | ' |
1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
The accounting and reporting policies followed by Evans Bancorp, Inc. (the “Company”), a financial holding company, and its two direct, wholly-owned subsidiaries: (i) Evans Bank, National Association (the “Bank”), and the Bank’s subsidiaries, Evans National Leasing, Inc. (“ENL”), Evans National Holding Corp. (“ENHC”) and Suchak Data Systems, LLC (“SDS”); and (ii) Evans National Financial Services, LLC (“ENFS”), and ENFS’s subsidiary, The Evans Agency, LLC (“TEA”), and TEA’s subsidiaries, Frontier Claims Services, Inc. (“FCS”) and ENB Associates Inc. (“ENBA”), in the preparation of the accompanying interim unaudited consolidated financial statements conform with U.S. generally accepted accounting principles (“GAAP”) and with general practice within the industries in which it operates. Except as the context otherwise requires, the Company and its direct and indirect subsidiaries are collectively referred to in this report as the “Company.” | |
The accompanying consolidated financial statements are unaudited. In the opinion of management, all adjustments necessary for a fair presentation of the Company’s financial position and results of operations for the interim periods have been made. Certain reclassifications have been made to the 2012 unaudited consolidated financial statements to conform to the presentation used in 2013. During the nine-month period ended September 30, 2013, the Company revised the Consolidated Statement of Cash Flows for the nine month period ended September 30, 2012 to correct a $330 thousand error within “Depreciation and Amortization” and “Changes in Other Assets Affecting Cash Flow.” The Company has assessed the materiality of this correction and concluded, based on qualitative and quantitative considerations, that the adjustments are not material to the Consolidated Statements of Cash Flows as a whole. | |
The results of operations for the three and nine month periods ended September 30, 2013 are not necessarily indicative of the results to be expected for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the Audited Consolidated Financial Statements and the Notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012. | |
Securities
Securities | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||
Securities | ' | ||||||||||||||||||
2. SECURITIES | |||||||||||||||||||
The amortized cost of securities and their approximate fair value at September 30, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||
30-Sep-13 | |||||||||||||||||||
(in thousands) | |||||||||||||||||||
Amortized | Unrealized | Fair | |||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||
Available for Sale: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
U.S. government agencies | $ | 28,228 | $ | 619 | $ | -435 | $ | 28,412 | |||||||||||
States and political subdivisions | 32,847 | 858 | -212 | 33,493 | |||||||||||||||
Total debt securities | $ | 61,075 | $ | 1,477 | $ | -647 | $ | 61,905 | |||||||||||
Mortgage-backed securities: | |||||||||||||||||||
FNMA | $ | 11,559 | $ | 436 | $ | - | $ | 11,995 | |||||||||||
FHLMC | 5,955 | 138 | -93 | 6,000 | |||||||||||||||
GNMA | 7,859 | 106 | -70 | 7,895 | |||||||||||||||
CMO | 5,061 | 4 | -292 | 4,773 | |||||||||||||||
Total mortgage-backed securities | $ | 30,434 | $ | 684 | $ | -455 | $ | 30,663 | |||||||||||
Total securities designated as available for sale | $ | 91,509 | $ | 2,161 | $ | -1,102 | $ | 92,568 | |||||||||||
Held to Maturity: | |||||||||||||||||||
Debt securities | |||||||||||||||||||
States and political subdivisions | 3,776 | 9 | -76 | 3,709 | |||||||||||||||
Total securities designated as held to maturity | $ | 3,776 | $ | 9 | $ | -76 | $ | 3,709 | |||||||||||
Total securities | $ | 95,285 | $ | 2,170 | $ | -1,178 | $ | 96,277 | |||||||||||
31-Dec-12 | |||||||||||||||||||
(in thousands) | |||||||||||||||||||
Amortized | Unrealized | Fair | |||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||
Available for Sale: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
U.S. government agencies | $ | 27,227 | $ | 1,137 | $ | -32 | $ | 28,332 | |||||||||||
States and political subdivisions | 29,912 | 1,567 | -10 | 31,469 | |||||||||||||||
Total debt securities | $ | 57,139 | $ | 2,704 | $ | -42 | $ | 59,801 | |||||||||||
Mortgage-backed securities: | |||||||||||||||||||
FNMA | $ | 15,210 | $ | 867 | $ | - | $ | 16,077 | |||||||||||
FHLMC | 6,292 | 189 | - | 6,481 | |||||||||||||||
GNMA | 7,750 | 263 | - | 8,013 | |||||||||||||||
CMO | 1,663 | 28 | - | 1,691 | |||||||||||||||
Total mortgage-backed securities | $ | 30,915 | $ | 1,347 | $ | - | $ | 32,262 | |||||||||||
Total securities designated as available for sale | $ | 88,054 | $ | 4,051 | $ | -42 | $ | 92,063 | |||||||||||
Held to Maturity: | |||||||||||||||||||
Debt securities | |||||||||||||||||||
States and political subdivisions | 3,744 | 23 | -46 | 3,721 | |||||||||||||||
Total securities designated as held to maturity | $ | 3,744 | $ | 23 | $ | -46 | $ | 3,721 | |||||||||||
Total securities | $ | 91,798 | $ | 4,074 | $ | -88 | $ | 95,784 | |||||||||||
Available for sale securities with a total fair value of $75.5 million and $68.0 million at September 30, 2013 and December 31, 2012, respectively, were pledged as collateral to secure public deposits and for other purposes required or permitted by law. | |||||||||||||||||||
The Company uses the Federal Home Loan Bank of New York (“FHLBNY”) as its primary source of overnight funds and also has several long-term advances with FHLBNY. The Company had a total of $9.0 million and $19.0 million in borrowed funds with FHLBNY at September 30, 2013 and December 31, 2012, respectively. The Company has placed sufficient collateral in the form of residential and commercial real estate loans at FHLBNY that meet FHLB collateral requirements. As a member of the Federal Home Loan Bank (“FHLB”) System, the Bank is required to hold stock in FHLBNY. The Bank held $1.4 million in FHLBNY stock as of September 30, 2013 and $1.8 million as of December 31, 2012 at amortized cost. The Company regularly evaluates investments in FHLBNY for impairment, considering liquidity, operating performance, capital position, stock repurchase and dividend history. At this time, the Company does not believe any impairment in FHLBNY stock is warranted. | |||||||||||||||||||
The scheduled maturities of debt and mortgage-backed securities at September 30, 2013 and December 31, 2012 are summarized below. All maturity amounts are contractual maturities. Actual maturities may differ from contractual maturities because certain issuers have the right to call or prepay obligations with or without call premiums. | |||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||
Amortized | Estimated | Amortized | Estimated | ||||||||||||||||
cost | fair value | cost | fair value | ||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||
Debt securities available for sale: | |||||||||||||||||||
Due in one year or less | $ | 1,170 | $ | 1,176 | $ | 2,766 | $ | 2,797 | |||||||||||
Due after one year through five years | 21,798 | 22,433 | 16,797 | 17,561 | |||||||||||||||
Due after five years through ten years | 30,195 | 30,043 | 29,280 | 30,344 | |||||||||||||||
Due after ten years | 7,912 | 8,253 | 8,296 | 9,099 | |||||||||||||||
61,075 | 61,905 | 57,139 | 59,801 | ||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||
available for sale | 30,434 | 30,663 | 30,915 | 32,262 | |||||||||||||||
Total available for sale securities | $ | 91,509 | $ | 92,568 | $ | 88,054 | $ | 92,063 | |||||||||||
Debt securities held to maturity: | |||||||||||||||||||
Due in one year or less | $ | 2,316 | $ | 2,310 | $ | 2,241 | $ | 2,228 | |||||||||||
Due after one year through five years | 264 | 266 | 317 | 322 | |||||||||||||||
Due after five years through ten years | 938 | 883 | 516 | 490 | |||||||||||||||
Due after ten years | 258 | 250 | 670 | 681 | |||||||||||||||
3,776 | 3,709 | 3,744 | 3,721 | ||||||||||||||||
Total held to maturity securities | $ | 3,776 | $ | 3,709 | $ | 3,744 | $ | 3,721 | |||||||||||
Information regarding unrealized losses within the Company’s available for sale securities at September 30, 2013 and December 31, 2012, is summarized below. The securities are primarily U.S. government-guaranteed agency securities or municipal securities. All unrealized losses are considered temporary and related to market interest rate fluctuations. | |||||||||||||||||||
30-Sep-13 | |||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||
(in thousands) | |||||||||||||||||||
Available for Sale: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
U.S. government agencies | $ | 7,564 | $ | -435 | $ | - | $ | - | $ | 7,564 | $ | -435 | |||||||
States and political subdivisions | 8,867 | -207 | 102 | -5 | 8,969 | -212 | |||||||||||||
Total debt securities | $ | 16,431 | $ | -642 | $ | 102 | $ | -5 | $ | 16,533 | $ | -647 | |||||||
Mortgage-backed securities: | |||||||||||||||||||
FNMA | $ | - | $ | - | $ | 34 | $ | - | $ | 34 | $ | - | |||||||
FHLMC | 1,810 | -93 | - | - | 1,810 | -93 | |||||||||||||
GNMA | 4,764 | -70 | - | - | 4,764 | -70 | |||||||||||||
CMO'S | 4,637 | -292 | - | - | 4,637 | -292 | |||||||||||||
Total mortgage-backed securities | $ | 11,211 | $ | -455 | $ | 34 | $ | - | $ | 11,245 | $ | -455 | |||||||
Held To Maturity: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
States and political subdivisions | $ | 966 | $ | -18 | $ | 2,045 | $ | -58 | $ | 3,011 | $ | -76 | |||||||
Total temporarily impaired | |||||||||||||||||||
securities | $ | 28,608 | $ | -1,115 | $ | 2,181 | $ | -63 | $ | 30,789 | $ | -1,178 | |||||||
31-Dec-12 | |||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||
(in thousands) | |||||||||||||||||||
Available for Sale: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
U.S. government agencies | $ | 3,968 | $ | -32 | $ | - | $ | - | $ | 3,968 | $ | -32 | |||||||
States and political subdivisions | 1,192 | -10 | - | - | 1,192 | -10 | |||||||||||||
Total debt securities | $ | 5,160 | $ | -42 | $ | - | $ | - | $ | 5,160 | $ | -42 | |||||||
Mortgage-backed securities: | |||||||||||||||||||
FNMA | $ | 34 | $ | - | $ | - | $ | - | $ | 34 | $ | - | |||||||
FHLMC | - | - | - | - | - | - | |||||||||||||
GNMA | - | - | - | - | - | - | |||||||||||||
CMO'S | - | - | - | - | - | - | |||||||||||||
Total mortgage-backed securities | $ | 34 | $ | - | $ | - | $ | - | $ | 34 | $ | - | |||||||
Held To Maturity: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
States and political subdivisions | $ | 2,660 | $ | -46 | $ | - | $ | - | $ | 2,660 | $ | -46 | |||||||
Total temporarily impaired | |||||||||||||||||||
securities | $ | 7,854 | $ | -88 | $ | - | $ | - | $ | 7,854 | $ | -88 | |||||||
In regard to municipal securities, the Company’s general investment policy is that in-state securities must be rated at least Moody’s Baa (or equivalent) at the time of purchase. The Company reviews the ratings report and municipality financial statements and prepares a pre-purchase analysis report before the purchase of any municipal securities. Out-of-state issues must be rated by Moody’s at least Aa (or equivalent) at the time of purchase. The Company did not own any out-of-state municipal bonds at September 30, 2013 or December 31, 2012. Bonds rated below A are reviewed periodically to ensure their continued credit worthiness. While purchase of non-rated municipal securities is permitted under the Company’s investment policy, such purchases are limited to bonds issued by municipalities in the Company’s general market area. Those municipalities are typically customers of the Bank whose financial situation is familiar to management. The financial statements of the issuers of non-rated securities are reviewed by the Bank and a credit file of the issuers is kept on each non-rated municipal security with relevant financial information. | |||||||||||||||||||
Although concerns have been raised in the marketplace recently about the health of municipal bonds, the Company has not experienced any significant credit troubles in this portfolio and does not believe any credit troubles are imminent with respect to its portfolio. Aside from the non-rated municipal securities to local municipalities discussed above that are considered held-to-maturity, all of the Company’s available-for-sale municipal bonds are investment-grade government obligation (“G.O.”) bonds. G.O. bonds are generally considered safer than revenue bonds because they are backed by the full faith and credit of the government while revenue bonds rely on the revenue produced by a particular project. All of the Company’s municipal bonds are issued by municipalities in New York State. To the Company’s knowledge, there has never been a default of a NY G.O. in the history of the state. The Company believes that its risk of loss on default of a G.O. municipal bond for the Company is relatively low. However, historical performance does not guarantee future performance. | |||||||||||||||||||
Management has assessed the securities available for sale in an unrealized loss position at September 30, 2013 and December 31, 2012 and determined the decline in fair value below amortized cost to be temporary. In making this determination, management considered the period of time the securities were in a loss position, the percentage decline in comparison to the securities’ amortized cost, and the financial condition of the issuer (primarily government or government-sponsored enterprises). In addition, management does not intend to sell these securities and it is not more likely than not that the Company will be required to sell these securities before recovery of their amortized cost. Management believes the decline in fair value is primarily related to market interest rate fluctuations and not to the credit deterioration of the individual issuers. | |||||||||||||||||||
The Company had not recorded any other-than-temporary impairment (“OTTI”) charges as of September 30, 2013 and did not record any OTTI charges during 2012. The gross unrealized losses in the Company’s securities portfolio were at an immaterial level during each of those periods, amounting to less than 1.2% and 1.0% of the total fair value of the securities portfolio at September 30, 2013 and December 31, 2012, respectively. Nevertheless, it remains possible that there could be deterioration in the asset quality of the securities portfolio in the future. The credit worthiness of the Company’s portfolio is largely reliant on the ability of U.S. government sponsored agencies such as FHLB, Federal National Mortgage Association (“FNMA”), Government National Mortgage Association (“GNMA”), and Federal Home Loan Mortgage Corporation (“FHLMC”), and municipalities throughout New York State to meet their obligations. In addition, dysfunctional markets could materially alter the liquidity, interest rate, and pricing risk of the portfolio. The relatively stable past performance is not a guarantee for similar performance of the Company’s securities portfolio going forward. | |||||||||||||||||||
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||
Fair Value Measurements | ' | ||||||||||||
3. FAIR VALUE MEASUREMENTS | |||||||||||||
The Company follows the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures.” Those provisions relate to financial assets and liabilities carried at fair value and fair value disclosures related to financial assets and liabilities. ASC Topic 820 defines fair value and specifies a hierarchy of valuation techniques based on the nature of the inputs used to develop the fair value measures. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. | |||||||||||||
There are three levels of inputs to fair value measurements: | |||||||||||||
· | Level 1, meaning the use of quoted prices for identical instruments in active markets; | ||||||||||||
· | Level 2, meaning the use of quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or are directly or indirectly observable; and | ||||||||||||
· | Level 3, meaning the use of unobservable inputs. | ||||||||||||
Observable market data should be used when available. | |||||||||||||
FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE ON A RECURRING BASIS | |||||||||||||
The following table presents for each of the fair-value hierarchy levels as defined in this footnote, those financial instruments which are measured at fair value on a recurring basis at September 30, 2013 and December 31, 2012: | |||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||
30-Sep-13 | |||||||||||||
Securities available-for-sale: | |||||||||||||
U.S. government agencies | $ | - | $ | 28,412 | $ | - | $ | 28,412 | |||||
States and political subdivisions | - | 33,493 | - | 33,493 | |||||||||
Mortgage-backed securities | - | 30,663 | - | 30,663 | |||||||||
Mortgage servicing rights | - | - | 509 | 509 | |||||||||
31-Dec-12 | |||||||||||||
Securities available-for-sale: | |||||||||||||
U.S. Treasury and other U.S. government agencies | $ | - | $ | 28,332 | $ | - | $ | 28,332 | |||||
States and political subdivisions | - | 31,469 | - | 31,469 | |||||||||
Mortgage-backed securities | - | 32,262 | - | 32,262 | |||||||||
Mortgage servicing rights | - | - | 467 | 467 | |||||||||
Securities available for sale | |||||||||||||
Fair values for securities are determined using independent pricing services and market-participating brokers. The Company’s independent pricing service utilizes evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, the evaluated pricing applications apply information as applicable through processes, such as benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations. In addition, model processes, such as the Option Adjusted Spread model, are used to assess interest rate impact and develop prepayment scenarios. The models and the process take into account market convention. For each asset class, a team of evaluators gathers information from market sources and integrates relevant credit information, perceived market movements and sector news into the evaluated pricing applications and models. The company’s service provider may occasionally determine that it does have not sufficient verifiable information to value a particular security. In these cases the Company will utilize valuations from another pricing service. | |||||||||||||
Management believes that it has a sufficient understanding of the third party service’s valuation models, assumptions and inputs used in determining the fair value of securities to enable management to maintain an appropriate system of internal control. On a quarterly basis, the Company reviews changes in the market value of its security portfolio. Individual changes in valuations are reviewed for consistency with general interest rate movements and any known credit concerns for specific securities. Additionally, on an annual basis, the Company has its entire security portfolio priced by a second pricing service to determine consistency with another market evaluator. If, on the Company’s review or in comparing with another servicer, a material difference between pricing evaluations were to exist, the Company may submit an inquiry to the service provider regarding the data used to value a particular security. If the Company determines it has market information that would support a different valuation than the initial evaluation it can submit a challenge for a change to that security’s valuation. There were no material differences in valuations noted in the first, second, and third quarters of 2013 or during fiscal year 2012. | |||||||||||||
Securities available for sale are classified as Level 2 in the fair value hierarchy as the valuation provided by the third-party provider uses observable market data. | |||||||||||||
Mortgage servicing rights | |||||||||||||
Mortgage servicing rights (“MSRs”) do not trade in an active, open market with readily observable prices. Accordingly, the Company obtains the fair value of the MSRs using a third-party pricing provider. The provider determines the fair value by discounting projected net servicing cash flows of the remaining servicing portfolio. The valuation model used by the provider considers market loan prepayment predictions and other economic factors which management considers to be significant unobservable inputs. The fair value of MSRs is mostly affected by changes in mortgage interest rates since rate changes cause the loan prepayment acceleration factors to increase or decrease. All assumptions are market driven. Management has a sufficient understanding of the third party service’s valuation models, assumptions and inputs used in determining the fair value of MSRs to enable management to maintain an appropriate system of internal control. Mortgage servicing rights are classified within Level 3 of the fair value hierarchy as the valuation is model driven and primarily based on unobservable inputs. | |||||||||||||
The following table summarizes the changes in fair value for mortgage servicing rights during the three and nine month periods ended September 30, 2013 and 2012, respectively: | |||||||||||||
Three months ended September 30, | |||||||||||||
(in thousands) | |||||||||||||
2013 | 2012 | ||||||||||||
Beginning balance, June 30 | $ | 503 | $ | 448 | |||||||||
Gain (loss) included in earnings | 6 | -67 | |||||||||||
Additions from loan sales | - | 48 | |||||||||||
Ending balance, September 30 | $ | 509 | $ | 429 | |||||||||
Nine months ended September 30, | |||||||||||||
(in thousands) | |||||||||||||
2013 | 2012 | ||||||||||||
Beginning balance, Dec 31 | $ | 467 | $ | 407 | |||||||||
Gain (loss) included in earnings | 34 | -121 | |||||||||||
Additions from loan sales | 8 | 143 | |||||||||||
Ending balance, September 30 | $ | 509 | $ | 429 | |||||||||
Quantitative information about the significant unobservable inputs used in the fair value measurement of MSRs at the respective dates is as follows: | |||||||||||||
9/30/13 | 9/30/12 | ||||||||||||
Servicing fees | 0.25 | % | 0.25 | % | |||||||||
Discount rate | 10.04 | % | 10.08 | % | |||||||||
Prepayment rate (CPR) | 10.84 | % | 17.66 | % | |||||||||
FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE ON A NONRECURRING BASIS | |||||||||||||
The Company is required, on a nonrecurring basis, to adjust the carrying value of certain assets or provide valuation allowances related to certain assets using fair value measurements. The following table presents for each of the fair-value hierarchy levels as defined in this footnote, those financial instruments which are measured at fair value on a nonrecurring basis at September 30, 2013 and December 31, 2012: | |||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||
30-Sep-13 | |||||||||||||
Impaired loans | $ | - | - | 18,232 | $ | 18,232 | |||||||
31-Dec-12 | |||||||||||||
Impaired loans | $ | - | - | 12,303 | $ | 12,303 | |||||||
Impaired loans | |||||||||||||
The Company evaluates and values impaired loans at the time the loan is identified as impaired, and the fair values of such loans are estimated using Level 3 inputs in the fair value hierarchy. Each loan’s collateral has a unique appraisal and management’s discount of the value is based on factors unique to each impaired loan. The significant unobservable input in determining the fair value is management’s subjective discount on appraisals of the collateral securing the loan, which ranges from 10%-50%. Collateral may consist of real estate and/or business assets including equipment, inventory and/or accounts receivable and the value of these assets is determined based on appraisals by qualified licensed appraisers hired by the Company. Appraised and reported values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, estimated costs to sell, and/or management’s expertise and knowledge of the client and the client’s business. | |||||||||||||
The Company has an appraisal policy in which appraisals are obtained upon a commercial loan being downgraded on the Company internal loan rating scale to a 5 (special mention) or a 6 (substandard) depending on the amount of the loan, the type of loan and the type of collateral. All impaired commercial loans are either graded a 6 or 7 on the internal loan rating scale. For consumer loans, the Company obtains appraisals when a loan becomes 90 days past due or is determined to be impaired, whichever occurs first. Subsequent to the downgrade or reaching 90 days past due, if the loan remains outstanding and impaired for at least one year more, management may require another follow-up appraisal. Between receipts of updated appraisals, if necessary, management may perform an internal valuation based on any known changing conditions in the marketplace such as sales of similar properties, a change in the condition of the collateral, or feedback from local appraisers. Impaired loans had a gross value of $19.5 million, with a valuation allowance of $1.3 million, at September 30, 2013, compared to a gross value for impaired loans of $13.6 million, with a valuation allowance of $1.3 million, at December 31, 2012. | |||||||||||||
FAIR VALUE OF FINANCIAL INSTRUMENTS | |||||||||||||
At September 30, 2013 and December 31, 2012, the estimated fair values of the Company’s financial instruments, including those that are not measured and reported at fair value on a recurring basis or nonrecurring basis, were as follows: | |||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||
Amount | Value | Amount | Value | ||||||||||
(in thousands) | (in thousands) | ||||||||||||
Financial assets: | |||||||||||||
Level 1: | |||||||||||||
Cash and cash equivalents | $ | 63,442 | $ | 63,442 | $ | 90,477 | $ | 90,477 | |||||
Level 2: | |||||||||||||
Available for sale securities | 92,568 | 92,568 | 92,063 | 92,063 | |||||||||
FHLB and FRB stock | 2,831 | 2,831 | 3,249 | 3,249 | |||||||||
Level 3: | |||||||||||||
Held to maturity securities | 3,776 | 3,709 | 3,744 | 3,721 | |||||||||
Loans and leases, net | 614,665 | 631,634 | 573,163 | 607,916 | |||||||||
Mortgage servicing rights | 509 | 509 | 467 | 467 | |||||||||
Financial liabilities: | |||||||||||||
Level 1: | |||||||||||||
Demand deposits | $ | 140,423 | $ | 140,423 | $ | 123,405 | $ | 123,405 | |||||
NOW deposits | 66,095 | 66,095 | 65,753 | 65,753 | |||||||||
Regular savings deposits | 383,766 | 383,766 | 380,924 | 380,924 | |||||||||
Junior subordinated debentures | 11,330 | 11,330 | 11,330 | 11,330 | |||||||||
Commitments to extend credit | 297 | 297 | 49 | 49 | |||||||||
Securities sold under agreement to | |||||||||||||
repurchase | 14,179 | 14,179 | 12,111 | 12,111 | |||||||||
Level 2: | |||||||||||||
Other borrowed funds | 9,000 | 9,242 | 19,000 | 19,503 | |||||||||
Level 3: | |||||||||||||
Time deposits | 112,341 | 114,215 | 108,910 | 111,883 | |||||||||
The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practical to estimate that value. | |||||||||||||
Cash and Cash Equivalents. For these short-term instruments, the carrying amount is a reasonable estimate of fair value. “Cash and Cash Equivalents” includes interest-bearing deposits at other banks. | |||||||||||||
FHLB and FRB stock. The carrying value of FHLB and FRB stock approximate fair value. | |||||||||||||
Securities held to maturity. The Company holds certain municipal bonds as held-to-maturity. These bonds are generally small in dollar amount and are issued only by certain local municipalities within the Company’s market area. The original terms are negotiated directly and on an individual basis consistent with our loan and credit guidelines. These bonds are not traded on the open market and management intends to hold the bonds to maturity. The fair value of held-to-maturity securities is estimated by discounting the future cash flows using the current rates at which similar agreements would be made with municipalities with similar credit ratings and for the same remaining maturities. | |||||||||||||
Loans and Leases, net. The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities, net of the appropriate portion of the allowance for loan losses. For variable rate loans, the carrying amount is a reasonable estimate of fair value. This fair value calculation is not necessarily indicative of the exit price, as defined in ASC 820. | |||||||||||||
Deposits. The fair value of demand deposits, NOW accounts, muni-vest accounts and regular savings accounts is the amount payable on demand at the reporting date. The fair value of time deposits is estimated using the rates currently offered for deposits of similar remaining maturities. | |||||||||||||
Junior Subordinated Debentures. The carrying amount of Junior Subordinated Debentures is a reasonable estimate of fair value due to the fact that they bear a floating interest rate that adjusts on a quarterly basis. | |||||||||||||
Commitments to extend credit and standby letters of credit. As described in Note 8 - “Contingent Liabilities and Commitments” to these Unaudited Consolidated Financial Statements, the Company was a party to financial instruments with off-balance sheet risk at September 30, 2013 and December 31, 2012. Such financial instruments consist of commitments to extend permanent financing and letters of credit. If the options are exercised by the prospective borrowers, these financial instruments will become interest-earning assets of the Company. If the options expire, the Company retains any fees paid by the counterparty in order to obtain the commitment or guarantee. The fees collected for these commitments are recorded as “unearned commitment fees” in Other Liabilities. The carrying value approximates the fair value. | |||||||||||||
Securities Sold Under Agreement to Repurchase. The fair value of the securities sold under agreement to repurchase approximates its carrying value. | |||||||||||||
Other Borrowed Funds. The fair value of the short-term portion of other borrowed funds approximates its carrying value. The fair value of the long-term portion of other borrowed funds is estimated using a discounted cash flow analysis based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. | |||||||||||||
Loans_Leases_And_The_Allowance
Loans, Leases, And The Allowance For Loan And Lease Losses | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Loans, Leases, And The Allowance For Loan And Lease Losses [Abstract] | ' | ||||||||||||||||||||||||
Loans, Leases, And The Allowance For Loan And Lease Losses | ' | ||||||||||||||||||||||||
4. LOANS, LEASES, AND THE ALLOWANCE FOR LOAN AND LEASE LOSSES | |||||||||||||||||||||||||
Loan and Lease Portfolio Composition | |||||||||||||||||||||||||
The following table presents selected information on the composition of the Company’s loan and lease portfolio as of the dates indicated: | |||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||
Mortgage loans on real estate: | (in thousands) | ||||||||||||||||||||||||
Residential Mortgages | $ | 89,903 | $ | 68,135 | |||||||||||||||||||||
Commercial and multi-family | 329,352 | 323,777 | |||||||||||||||||||||||
Construction-Residential | 437 | 811 | |||||||||||||||||||||||
Construction-Commercial | 30,392 | 28,941 | |||||||||||||||||||||||
Home equities | 56,523 | 56,366 | |||||||||||||||||||||||
Total real estate loans | 506,607 | 478,030 | |||||||||||||||||||||||
Direct financing leases | - | 1,612 | |||||||||||||||||||||||
Commercial and industrial loans | 117,070 | 99,951 | |||||||||||||||||||||||
Consumer loans | 1,035 | 1,294 | |||||||||||||||||||||||
Other | 62 | 1,342 | |||||||||||||||||||||||
Net deferred loan origination costs | 781 | 666 | |||||||||||||||||||||||
Total gross loans | 625,555 | 582,895 | |||||||||||||||||||||||
Allowance for loan losses | -10,890 | -9,732 | |||||||||||||||||||||||
Loans, net | $ | 614,665 | $ | 573,163 | |||||||||||||||||||||
The Bank sells certain fixed rate residential mortgages to FNMA, while maintaining the servicing rights for those mortgages. In the three month period ended September 30, 2013, the Bank did not sell any mortgages to FNMA, as compared with $6.0 million during the three month period ended September 30, 2012. During the nine month period ended September 30, 2013, the Bank sold mortgages to FNMA totaling $0.8 million, as compared with $17.1 million sold for the nine month period ended September 30, 2012. At September 30, 2013, the Bank had a loan servicing portfolio principal balance of $65.8 million upon which it earns servicing fees, as compared with $73.7 million at December 31, 2012. The value of the mortgage servicing rights for that portfolio was $0.5 million at September 30, 2013 and December 31, 2012. At September 30, 2013, there were no residential mortgage loans held-for-sale, compared with $0.9 million at December 31, 2012. The Company had no commercial loans held-for-sale at September 30, 2013 and at December 31, 2012. The Company has never been contacted by FNMA to repurchase any loans due to improper documentation or fraud. | |||||||||||||||||||||||||
As noted in Note 1, these financial statements should be read in conjunction with the Audited Consolidated Financial Statements and the Notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012. Disclosures related to the basis for accounting for loans and leases, the method for recognizing interest income on loans and leases, the policy for placing loans and leases on nonaccrual status and the subsequent recording of payments and resuming accrual of interest, the policy for determining past due status, a description of the Company’s accounting policies and methodology used to estimate the allowance for loan and lease losses, the policy for charging off loans and leases, the accounting policies for impaired loans, and more descriptive information on the Company’s credit risk ratings are all contained in the Notes to the Audited Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the Company’s year ended December 31, 2012. Unless otherwise noted in this Form 10-Q, the policies and methodology described in the Annual Report for the year ended December 31, 2012 are consistent with those utilized by the Company in the nine months ended September 30, 2013. | |||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||
The Bank monitors the credit risk in its loan portfolio by reviewing certain credit quality indicators (“CQI”). The primary CQI for its commercial mortgage and commercial and industrial (“C&I”) portfolios is the individual loan’s credit risk rating. The following list provides a description of the credit risk ratings that are used internally by the Bank when assessing the adequacy of its allowance for loan and lease losses: | |||||||||||||||||||||||||
· | 1-3-Pass | ||||||||||||||||||||||||
· | 4-Watch | ||||||||||||||||||||||||
· | 5-O.A.E.M. (Other Assets Especially Mentioned) or Special Mention | ||||||||||||||||||||||||
· | 6-Substandard | ||||||||||||||||||||||||
· | 7-Doubtful | ||||||||||||||||||||||||
· | 8-Loss | ||||||||||||||||||||||||
The Company’s consumer loans, including residential mortgages and home equities, and commercial leases are not individually risk rated or reviewed in the Company’s loan review process. Consumers are not required to provide the Company with updated financial information as is a commercial customer. Consumer loans also carry smaller balances. Given the lack of updated information since the initial underwriting of the loan and small size of individual loans, the Company uses delinquency status as the credit quality indicator for consumer loans. | |||||||||||||||||||||||||
There were no changes in the Company’s allowance for loan and lease loss methodology in the nine month period ended September 30, 2013. | |||||||||||||||||||||||||
The following tables provide data, at the class level, of credit quality indicators of certain loans and leases for the dates specified: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Corporate Credit Exposure – By Credit Rating | Commercial Real Estate Construction | Commercial and Multi-Family Mortgages | Total Commercial Real Estate | Commercial and Industrial | |||||||||||||||||||||
3 | $ | 25,542 | $ | 283,983 | $ | 309,525 | $ | 94,958 | |||||||||||||||||
4 | 3,175 | 26,232 | 29,407 | 13,704 | |||||||||||||||||||||
5 | - | 6,930 | 6,930 | 3,469 | |||||||||||||||||||||
6 | 1,675 | 11,846 | 13,521 | 4,891 | |||||||||||||||||||||
7 | - | 361 | 361 | 48 | |||||||||||||||||||||
Total | $ | 30,392 | $ | 329,352 | $ | 359,744 | $ | 117,070 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Corporate Credit Exposure – By Credit Rating | Commercial Real Estate Construction | Commercial and Multi-Family Mortgages | Total Commercial Real Estate | Commercial and Industrial | |||||||||||||||||||||
3 | $ | 24,461 | $ | 273,843 | $ | 298,304 | $ | 77,095 | |||||||||||||||||
4 | 2,023 | 40,346 | 42,369 | 14,681 | |||||||||||||||||||||
5 | 1,728 | 3,081 | 4,809 | 5,229 | |||||||||||||||||||||
6 | 729 | 2,911 | 3,640 | 2,308 | |||||||||||||||||||||
7 | - | 3,596 | 3,596 | 638 | |||||||||||||||||||||
Total | $ | 28,941 | $ | 323,777 | $ | 352,718 | $ | 99,951 | |||||||||||||||||
Past Due Loans and Leases | |||||||||||||||||||||||||
The following tables provide an analysis of the age of the recorded investment in loans and leases that are past due as of the dates indicated: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Non-accruing | |||||||||||||||||||||||||
Total Past | Current | Total | 90+ Days | Loans and | |||||||||||||||||||||
30-59 days | 60-89 days | 90+ days | Due | Balance | Balance | Accruing | Leases | ||||||||||||||||||
Commercial and | |||||||||||||||||||||||||
industrial | $ | 270 | $ | 287 | $ | 153 | $ | 710 | $ | 116,360 | $ | 117,070 | $ | - | $ | 3,112 | |||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 264 | 163 | 367 | 794 | 89,109 | 89,903 | 72 | 766 | |||||||||||||||||
Construction | - | - | - | - | 437 | 437 | - | - | |||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | - | 361 | 233 | 594 | 328,758 | 329,352 | - | 9,141 | |||||||||||||||||
Construction | - | 441 | 603 | 1,044 | 29,348 | 30,392 | 603 | - | |||||||||||||||||
Home equities | 523 | 76 | 98 | 697 | 55,826 | 56,523 | - | 536 | |||||||||||||||||
Direct financing leases | 3 | - | 61 | 64 | - | - | - | 61 | |||||||||||||||||
Consumer | 1 | 4 | - | 5 | 1,030 | 1,035 | - | 20 | |||||||||||||||||
Other | - | - | - | - | 62 | 62 | - | - | |||||||||||||||||
Total Loans | $ | 1,061 | $ | 1,332 | $ | 1,515 | $ | 3,908 | $ | 620,930 | $ | 624,774 | $ | 675 | $ | 13,636 | |||||||||
NOTE: Loan and lease balances do not include $781 thousand in net deferred loan and lease origination costs as of September 30, 2013. | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Non-accruing | |||||||||||||||||||||||||
Total Past | Current | Total | 90+ Days | Loans and | |||||||||||||||||||||
30-59 days | 60-89 days | 90+ days | Due | Balance | Balance | Accruing | Leases | ||||||||||||||||||
Commercial and | |||||||||||||||||||||||||
industrial | $ | 564 | $ | 141 | $ | 135 | $ | 840 | $ | 99,111 | $ | 99,951 | $ | - | $ | 914 | |||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,015 | 62 | 872 | 1,949 | 66,186 | 68,135 | - | 1,443 | |||||||||||||||||
Construction | - | - | - | - | 811 | 811 | - | - | |||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 12,658 | 169 | 3,658 | 16,485 | 307,292 | 323,777 | - | 4,309 | |||||||||||||||||
Construction | 1,505 | 201 | 729 | 2,435 | 26,506 | 28,941 | - | 729 | |||||||||||||||||
Home equities | 32 | 215 | 572 | 819 | 55,547 | 56,366 | - | 618 | |||||||||||||||||
Direct financing leases | 31 | 7 | 123 | 161 | 1,451 | 1,612 | - | 171 | |||||||||||||||||
Consumer | 17 | 4 | 23 | 44 | 1,250 | 1,294 | - | 44 | |||||||||||||||||
Other | - | - | - | - | 2,008 | 2,008 | - | - | |||||||||||||||||
Total Loans | $ | 15,822 | $ | 799 | $ | 6,112 | $ | 22,733 | $ | 560,162 | $ | 582,895 | $ | - | $ | 8,228 | |||||||||
NOTE: Loan and lease balances do not include $666 thousand in net deferred loan and lease origination costs as of December 31, 2012. | |||||||||||||||||||||||||
Allowance for loan and lease losses | |||||||||||||||||||||||||
The following tables present the activity in the allowance for loan and lease losses according to portfolio segment, for the nine month periods ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(in thousands) | Commercial and Industrial | Commercial Real Estate Mortgages* | Consumer ** | Residential Mortgages* | HELOC | Direct Financing Leases | Unallocated | Total | |||||||||||||||||
Allowance for loan | |||||||||||||||||||||||||
and lease losses: | |||||||||||||||||||||||||
Beginning balance | $ | 3,617 | $ | 4,493 | $ | 18 | $ | 662 | $ | 746 | $ | 47 | $ | 149 | $ | 9,732 | |||||||||
Charge-offs | -19 | -460 | -29 | -39 | -128 | - | - | -675 | |||||||||||||||||
Recoveries | 167 | 303 | 11 | 2 | 1 | 45 | - | 529 | |||||||||||||||||
Provision | 430 | 407 | 32 | 319 | 208 | -92 | - | 1,304 | |||||||||||||||||
Ending balance | $ | 4,195 | $ | 4,743 | $ | 32 | $ | 944 | $ | 827 | $ | - | $ | 149 | $ | 10,890 | |||||||||
Allowance for loan | |||||||||||||||||||||||||
and lease losses: | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||
for impairment | $ | 667 | $ | 70 | $ | 20 | $ | - | $ | - | $ | - | $ | - | $ | 757 | |||||||||
Collectively evaluated | |||||||||||||||||||||||||
for impairment | 3,528 | 4,673 | 12 | 944 | 827 | - | 149 | 10,133 | |||||||||||||||||
Total | $ | 4,195 | $ | 4,743 | $ | 32 | $ | 944 | $ | 827 | $ | - | $ | 149 | $ | 10,890 | |||||||||
Loans and leases: | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||
for impairment | $ | 1,101 | $ | 11,550 | $ | 20 | $ | 1,340 | $ | 536 | $ | - | $ | - | $ | 14,547 | |||||||||
Collectively evaluated | |||||||||||||||||||||||||
for impairment | 115,969 | 348,194 | 1,077 | 89,000 | 55,987 | - | - | 610,227 | |||||||||||||||||
Total | $ | 117,070 | $ | 359,744 | $ | 1,097 | $ | 90,340 | $ | 56,523 | $ | - | $ | - | $ | 624,774 | |||||||||
* Includes construction loans | |||||||||||||||||||||||||
** Includes other loans | |||||||||||||||||||||||||
NOTE: Loan and lease balances do not include $781 thousand in net deferred loan and lease origination costs as of September 30, 2013. | |||||||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||
(in thousands) | Commercial and Industrial | Commercial Real Estate Mortgages* | Consumer ** | Residential Mortgages* | HELOC | Direct Financing Leases | Unallocated | Total | |||||||||||||||||
Allowance for loan | |||||||||||||||||||||||||
and lease losses: | |||||||||||||||||||||||||
Beginning balance | $ | 4,085 | $ | 4,670 | $ | 36 | $ | 793 | $ | 768 | $ | 994 | $ | 149 | $ | 11,495 | |||||||||
Charge-offs | -831 | -546 | -19 | -12 | -115 | - | - | -1,523 | |||||||||||||||||
Recoveries | 137 | 15 | 16 | - | 6 | - | - | 174 | |||||||||||||||||
Provision | 302 | 546 | -2 | -94 | 69 | -759 | - | 62 | |||||||||||||||||
Ending balance | $ | 3,693 | $ | 4,685 | $ | 31 | $ | 687 | $ | 728 | $ | 235 | $ | 149 | $ | 10,208 | |||||||||
Allowance for loan | |||||||||||||||||||||||||
and lease losses: | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||
for impairment | $ | 493 | $ | 359 | $ | 14 | $ | - | $ | - | $ | 72 | $ | - | $ | 938 | |||||||||
Collectively evaluated | |||||||||||||||||||||||||
for impairment | 3,200 | 4,326 | 17 | 687 | 728 | 163 | 149 | 9,270 | |||||||||||||||||
Total | $ | 3,693 | $ | 4,685 | $ | 31 | $ | 687 | $ | 728 | $ | 235 | $ | 149 | $ | 10,208 | |||||||||
Loans and leases: | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||
for impairment | $ | 1,472 | $ | 6,367 | $ | 37 | $ | 1,251 | $ | 875 | $ | 233 | $ | - | $ | 10,235 | |||||||||
Collectively evaluated | |||||||||||||||||||||||||
for impairment | 105,322 | 350,074 | 3,453 | 71,188 | 55,590 | 2,207 | - | 587,834 | |||||||||||||||||
Loans acquired with | |||||||||||||||||||||||||
deteriorated credit quality | - | - | 24 | - | - | - | - | 24 | |||||||||||||||||
Total | $ | 106,794 | $ | 356,441 | $ | 3,514 | $ | 72,439 | $ | 56,465 | $ | 2,440 | $ | - | $ | 598,093 | |||||||||
* Includes construction loans | |||||||||||||||||||||||||
** Includes other loans | |||||||||||||||||||||||||
NOTE: Loan and lease balances do not include $523 thousand in net deferred loan and lease origination costs as of September 30, 2012. | |||||||||||||||||||||||||
The following tables present the activity in the allowance for loan and lease losses according to portfolio segment, for the three month periods ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(in thousands) | Commercial and Industrial | Commercial Real Estate Mortgages | Consumer | Residential Mortgages | HELOC | Direct Financing Leases | Unallocated | Total | |||||||||||||||||
Allowance for loan and | |||||||||||||||||||||||||
lease losses: | |||||||||||||||||||||||||
Beginning balance | $ | 3,713 | $ | 4,910 | $ | 15 | $ | 702 | $ | 770 | $ | - | $ | 149 | $ | 10,259 | |||||||||
Charge-offs | -9 | -447 | -7 | -33 | -41 | - | - | -537 | |||||||||||||||||
Recoveries | 44 | 298 | 5 | 2 | - | 45 | - | 394 | |||||||||||||||||
Provision | 447 | -18 | 19 | 273 | 98 | -45 | 774 | ||||||||||||||||||
Ending balance | $ | 4,195 | $ | 4,743 | $ | 32 | $ | 944 | $ | 827 | $ | - | $ | 149 | $ | 10,890 | |||||||||
30-Sep-12 | |||||||||||||||||||||||||
(in thousands) | Commercial and Industrial | Commercial Real Estate Mortgages | Consumer | Residential Mortgages | HELOC | Direct Financing Leases | Unallocated | Total | |||||||||||||||||
Allowance for loan and | |||||||||||||||||||||||||
lease losses: | |||||||||||||||||||||||||
Beginning balance | $ | 4,216 | $ | 4,377 | $ | 48 | $ | 698 | $ | 803 | $ | 367 | $ | 149 | $ | 10,658 | |||||||||
Charge-offs | -406 | - | -9 | -11 | -102 | - | - | -528 | |||||||||||||||||
Recoveries | 67 | - | 2 | - | - | - | - | 69 | |||||||||||||||||
Provision | -184 | 308 | -10 | - | 27 | -132 | - | 9 | |||||||||||||||||
Ending balance | $ | 3,693 | $ | 4,685 | $ | 31 | $ | 687 | $ | 728 | $ | 235 | $ | 149 | $ | 10,208 | |||||||||
Impaired Loans and Leases | |||||||||||||||||||||||||
The following tables provide data, at the class level, of impaired loans and leases as of the dates indicated: | |||||||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
With no related allowance recorded: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 139 | $ | 236 | $ | - | $ | 189 | $ | 151 | $ | 1 | |||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,340 | 1,533 | - | 1,401 | 4 | 3 | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 10,208 | 10,570 | - | 9,917 | 251 | 73 | |||||||||||||||||||
Construction | 741 | 741 | - | 743 | - | 19 | |||||||||||||||||||
Home equities | 536 | 582 | - | 547 | 19 | 5 | |||||||||||||||||||
Direct financing leases | 40 | 40 | - | 47 | - | - | |||||||||||||||||||
Consumer | - | - | - | - | - | - | |||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 13,004 | $ | 13,702 | $ | - | $ | 12,844 | $ | 425 | $ | 101 | |||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
With a related allowance recorded: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 4,928 | $ | 4,960 | $ | 1,012 | $ | 5,038 | $ | 41 | $ | 146 | |||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | - | - | - | - | - | - | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 601 | 657 | 70 | 609 | 3 | 28 | |||||||||||||||||||
Construction | 934 | 934 | 153 | 934 | - | 25 | |||||||||||||||||||
Home equities | - | - | - | - | - | - | |||||||||||||||||||
Direct financing leases | - | - | - | - | - | - | |||||||||||||||||||
Consumer | 20 | 29 | 20 | 20 | 2 | 1 | |||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 6,483 | $ | 6,580 | $ | 1,255 | $ | 6,601 | $ | 46 | $ | 200 | |||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
Total: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 5,067 | $ | 5,196 | $ | 1,012 | $ | 5,227 | $ | 192 | $ | 147 | |||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,340 | 1,533 | - | 1,401 | 4 | 3 | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 10,809 | 11,227 | 70 | 10,526 | 254 | 101 | |||||||||||||||||||
Construction | 1,675 | 1,675 | 153 | 1,677 | - | 44 | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Home equities | 536 | 582 | - | 547 | 19 | 5 | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Direct financing leases | 40 | 40 | - | 47 | - | - | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Consumer | 20 | 29 | 20 | 20 | 2 | 1 | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 19,487 | $ | 20,282 | $ | 1,255 | $ | 19,445 | $ | 471 | $ | 301 | |||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
With no related allowance recorded: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 277 | $ | 289 | $ | - | $ | 392 | $ | 10 | $ | 6 | |||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,437 | 1,558 | - | 1,444 | 56 | 12 | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 3,313 | 3,555 | - | 3,711 | 174 | 94 | |||||||||||||||||||
Construction | 729 | 814 | - | 778 | 26 | - | |||||||||||||||||||
Home equities | 938 | 973 | - | 856 | 26 | 14 | |||||||||||||||||||
Direct financing leases | - | - | - | - | - | - | |||||||||||||||||||
Consumer | - | - | - | - | - | - | |||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 6,694 | $ | 7,189 | $ | - | $ | 7,181 | $ | 292 | $ | 126 | |||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
With a related allowance recorded: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 2,509 | $ | 2,662 | $ | 747 | $ | 2,938 | $ | 49 | $ | 107 | |||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 6 | 6 | - | 6 | - | - | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 3,241 | 3,425 | 471 | 3,267 | 172 | 3 | |||||||||||||||||||
Construction | 934 | 934 | 49 | 934 | - | 30 | |||||||||||||||||||
Home equities | - | - | - | - | - | - | |||||||||||||||||||
Direct financing leases | 164 | 178 | 13 | 266 | 14 | - | |||||||||||||||||||
Consumer | 44 | 121 | 9 | 60 | 9 | - | |||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 6,898 | $ | 7,326 | $ | 1,289 | $ | 7,471 | $ | 244 | $ | 140 | |||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
Total: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 2,786 | $ | 2,951 | $ | 747 | $ | 3,330 | $ | 59 | $ | 113 | |||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,443 | 1,564 | - | 1,450 | 56 | 12 | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 6,554 | 6,980 | 471 | 6,978 | 346 | 97 | |||||||||||||||||||
Construction | 1,663 | 1,748 | 49 | 1,712 | 26 | 30 | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Home equities | 938 | 973 | - | 856 | 26 | 14 | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Direct financing leases | 164 | 178 | 13 | 266 | 14 | - | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Consumer | 44 | 121 | 9 | 60 | 9 | - | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 13,592 | $ | 14,515 | $ | 1,289 | $ | 14,652 | $ | 536 | $ | 266 | |||||||||||||
The Company had three commercial loan relationships identified as impaired with an unpaid principal balance of $4.9 million as of September 30, 2013, and two commercial loans identified as impaired with an unpaid principal balance of $2.6 as of December 31, 2012, which it was unable to perform an appropriate impairment calculation due to the lack of reliable financial information from the borrower. The reserve on these loans was $0.5 million and $0.3 million at September 30, 2013 and December 31, 2012, respectively, as determined according to the credit risk rating per the Company’s allowance for loan and lease losses methodology, as described in Note 1 – “Organization and Summary of Significant Accounting Policies” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. | |||||||||||||||||||||||||
Non-performing loans and leases | |||||||||||||||||||||||||
The following table sets forth information regarding non-performing loans and leases as of the dates specified: | |||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Non-accruing loans and leases: | |||||||||||||||||||||||||
Commercial and industrial loans | $ | 3,112 | $ | 914 | |||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 766 | 1,443 | |||||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial and multi-family | 9,141 | 4,309 | |||||||||||||||||||||||
Construction | - | 729 | |||||||||||||||||||||||
Home equities | 536 | 618 | |||||||||||||||||||||||
Direct financing leases | 61 | 171 | |||||||||||||||||||||||
Consumer loans | 20 | 44 | |||||||||||||||||||||||
Other | - | - | |||||||||||||||||||||||
Total non-accruing loans and leases | $ | 13,636 | $ | 8,228 | |||||||||||||||||||||
Accruing loans 90+ days past due | 675 | - | |||||||||||||||||||||||
Total non-performing loans and leases | $ | 14,311 | $ | 8,228 | |||||||||||||||||||||
Total non-performing loans and leases | |||||||||||||||||||||||||
to total assets | 1.73 | % | 1.02 | % | |||||||||||||||||||||
Total non-performing loans and leases | |||||||||||||||||||||||||
to total loans and leases | 2.29 | % | 1.41 | % | |||||||||||||||||||||
Troubled debt restructurings | |||||||||||||||||||||||||
The Company had $18.5 million in loans and leases that were restructured in a troubled debt restructuring (“TDR”) at September 30, 2013, compared with $11.5 million at December 31, 2012. $12.6 million and $6.0 million of those balances were in non-accrual status at September 30, 2013 and December 31, 2012, respectively. Any TDR that is placed on non-accrual is not reverted back to accruing status until the borrower makes timely payments as contracted for at least six months. Those loans and leases that are in accruing status have shown evidence of performance for at least six months as of September 30, 2013 and December 31, 2012. One residential mortgage for $0.4 million was restructured under a government assistance program in 2012. All of the Company’s restructurings were allowed in an effort to maximize its ability to collect on loans and leases where borrowers were experiencing financial difficulty. The Company did not engage in any re-modifications during the three or nine month periods ended September 30, 2013 and 2012. Modifications made to loans in a troubled debt restructuring did not have a material impact on the Company’s net income for the three or nine month periods ended September 30, 2013 and 2012. | |||||||||||||||||||||||||
The reserve for a TDR is based upon the present value of the future expected cash flows discounted at the loan’s original effective rate or upon the fair value of the collateral less costs to sell, if the loan is deemed collateral dependent. This reserve methodology is used because all TDR loans are considered impaired. As of September 30, 2013, there were no commitments to lend additional funds to debtors owing on loans or leases whose terms have been modified in TDRs. | |||||||||||||||||||||||||
The following tables summarize the loans and leases that were classified as troubled debt restructurings as of the dates indicated: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||
Total | Nonaccruing | Accruing | Related Allowance | ||||||||||||||||||||||
Commercial and industrial | $ | 4,915 | $ | 2,960 | $ | 1,955 | $ | 651 | |||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,036 | 461 | 575 | - | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial and multi family | 10,605 | 8,937 | 1,668 | 33 | |||||||||||||||||||||
Construction | 1,675 | - | 1,675 | - | |||||||||||||||||||||
Home equities | 193 | 193 | - | - | |||||||||||||||||||||
Direct financing leases | 40 | 13 | 27 | - | |||||||||||||||||||||
Consumer loans | - | - | - | - | |||||||||||||||||||||
Other | - | - | - | - | |||||||||||||||||||||
Total troubled restructured loans and leases | $ | 18,464 | $ | 12,564 | $ | 5,900 | $ | 684 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||
Total | Nonaccruing | Accruing | Related Allowance | ||||||||||||||||||||||
Commercial and industrial | $ | 2,592 | $ | 720 | $ | 1,872 | $ | 335 | |||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 509 | 509 | - | - | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial and multi family | 6,203 | 3,958 | 2,245 | 471 | |||||||||||||||||||||
Construction | 1,663 | 729 | 934 | - | |||||||||||||||||||||
- | |||||||||||||||||||||||||
Home equities | 320 | - | 320 | - | |||||||||||||||||||||
Direct financing leases | 164 | 70 | 94 | 13 | |||||||||||||||||||||
Consumer loans | - | - | - | - | |||||||||||||||||||||
Other | - | - | - | - | |||||||||||||||||||||
Total troubled restructured loans and leases | $ | 11,451 | $ | 5,986 | $ | 5,465 | $ | 819 | |||||||||||||||||
The Company’s TDRs have various agreements that involve deferral of principal payments, or interest-only payments, for a period (usually 12 months or less) to allow the customer time to improve cash flow or sell the property. Other common types of concessions leading to the designation of a TDR are lines of credit that are termed out and extensions of maturities at rates that are less than market given the risk profile of the borrower. | |||||||||||||||||||||||||
The following table shows the data for TDR activity by type of concession granted to the borrower for the three and nine month periods ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | ||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||
Troubled Debt Restructurings by Type of Concession | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||||||||||||
Commercial and Industrial: | |||||||||||||||||||||||||
Deferral of principal | 6 | $ | 2,400 | $ | 2,400 | - | $ | - | $ | - | |||||||||||||||
Combination of concessions | - | - | - | 2 | 1,680 | 1,680 | |||||||||||||||||||
Residential Real Estate & Construction: | |||||||||||||||||||||||||
Rate reduction | - | - | - | 1 | 475 | 475 | |||||||||||||||||||
Commercial Real Estate & Construction: | |||||||||||||||||||||||||
Deferral of principal | 2 | 6,438 | 7,963 | 1 | 735 | 735 | |||||||||||||||||||
Extension of maturity | - | - | - | 2 | 1,194 | 1,194 | |||||||||||||||||||
Home Equities: | |||||||||||||||||||||||||
Extension of maturity and rate reduction | 1 | 136 | 136 | - | - | - | |||||||||||||||||||
Term out line of credit | 1 | 57 | 57 | - | - | - | |||||||||||||||||||
Direct financing leases | - | - | - | - | - | - | |||||||||||||||||||
Consumer loans | - | - | - | - | - | - | |||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||
Troubled Debt Restructurings by Type of Concession | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||||||||||||
Commercial and Industrial: | |||||||||||||||||||||||||
Deferral of principal | 6 | $ | 2,400 | $ | 2,400 | - | $ | - | $ | - | |||||||||||||||
Interest rate reduction | 2 | 330 | 330 | 1 | 249 | 249 | |||||||||||||||||||
Extension of maturity & interest rate reduction | 5 | 361 | 361 | - | - | - | |||||||||||||||||||
Combination of concessions | 1 | 250 | 250 | 3 | 1,687 | 1,687 | |||||||||||||||||||
Residential Real Estate & Construction: | |||||||||||||||||||||||||
Extension of maturity | 4 | 583 | 583 | 1 | 43 | 43 | |||||||||||||||||||
Rate reduction | - | - | - | 1 | 475 | 475 | |||||||||||||||||||
Commercial Real Estate & Construction: | |||||||||||||||||||||||||
Deferral of principal | 2 | 6,438 | 7,963 | 2 | 820 | 820 | |||||||||||||||||||
Extension of maturity | 2 | 739 | 739 | 2 | 1,194 | 1,194 | |||||||||||||||||||
Extension of maturity and rate reduction | - | - | - | 1 | 637 | 637 | |||||||||||||||||||
Home Equities: | |||||||||||||||||||||||||
Extension of maturity and rate reduction | 1 | 136 | 136 | - | - | - | |||||||||||||||||||
Term out line of credit | 1 | 57 | 57 | - | - | - | |||||||||||||||||||
Direct financing leases | - | - | - | - | - | - | |||||||||||||||||||
Consumer loans | - | - | - | - | - | - | |||||||||||||||||||
The general practice of the Bank is to work with borrowers so that they are able to pay back their loan or lease in full. If a borrower continues to be delinquent or cannot meet the terms of a TDR and the loan or lease is determined to be uncollectible, the loan or lease will be charged off. The following table presents loans and leases which were classified as TDRs during the previous 12 months which defaulted during the three and nine month periods ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||
That Subsequently Defaulted | Contracts | Investment | Contracts | Investment | |||||||||||||||||||||
Commercial and Industrial | 2 | $ | 57 | - | $ | - | |||||||||||||||||||
Residential Real Estate: | |||||||||||||||||||||||||
Residential | - | - | 1 | 44 | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||
Commercial and Multi-Family | - | - | - | - | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Home Equities | - | - | - | - | |||||||||||||||||||||
Direct financing leases | - | - | - | - | |||||||||||||||||||||
Consumer loans | - | - | - | - | |||||||||||||||||||||
Other | - | - | - | - | |||||||||||||||||||||
Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||
That Subsequently Defaulted | Contracts | Investment | Contracts | Investment | |||||||||||||||||||||
Commercial and Industrial | 8 | $ | 239 | 4 | $ | 876 | |||||||||||||||||||
Residential Real Estate: | |||||||||||||||||||||||||
Residential | - | - | 1 | 44 | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||
Commercial and Multi-Family | 1 | 165 | 4 | 804 | |||||||||||||||||||||
Construction | - | - | 1 | 735 | |||||||||||||||||||||
Home Equities | - | - | - | - | |||||||||||||||||||||
Direct financing leases | - | - | - | - | |||||||||||||||||||||
Consumer loans | - | - | - | - | |||||||||||||||||||||
Other | - | - | - | - | |||||||||||||||||||||
Covered Loans and the Related Allowance | |||||||||||||||||||||||||
On July 24, 2009, the Bank entered into a definitive purchase and assumption agreement with the FDIC under which the Bank assumed approximately $51.0 million in liabilities, consisting almost entirely of deposits, and purchased substantially all of the assets of Waterford Village Bank. The loan portfolio acquired in the transaction totaled $42.0 million. The loans acquired in that acquisition were referred to as “covered” loans because they were “covered” by a loss sharing agreement with the FDIC. The agreement called for the FDIC to reimburse the Bank for 80% of losses up to $5.6 million and 95% of losses beyond that threshold. At acquisition, the Company marked the covered loan portfolio to its market value and the allowance for loan and lease losses related to the covered loans was zero. Since acquisition, management has provisioned for any incremental increases in estimated credit losses due to deterioration in specific loans or increased risk factors on pools of loans. As a result of the FDIC guarantees, the provision for loan and lease losses and the allowance for loan and lease losses were presented net of FDIC guarantees related to covered loans. | |||||||||||||||||||||||||
On July 1, 2013, the Company accepted an offer from the FDIC to terminate the loss sharing agreement governing the Company’s “covered” loan portfolio. As a result of the termination of the loss share agreement, the Company recognized $0.6 million in provision for loan and lease losses related to the FDIC guarantee on previously “covered” loans during the third quarter. | |||||||||||||||||||||||||
Per_Share_Data
Per Share Data | 9 Months Ended |
Sep. 30, 2013 | |
Per Share Data [Abstract] | ' |
Per Share Data | ' |
5. PER SHARE DATA | |
The common stock per share information is based upon the weighted average number of shares outstanding during each period. For the three and nine month periods ended September 30, 2013, the Company had an average of 51,920 and 42,164 dilutive shares, respectively. The Company had an average of 24,321 and 13,436 dilutive shares for the three and nine month periods ended September 30, 2012, respectively. | |
Potential common shares that would have the effect of increasing diluted earnings per share are considered to be anti-dilutive and not included in calculating diluted earnings per share. For the three and nine month periods ended September 30, 2013, there was an average of 35,089 and 45,487 shares, respectively, that were not included in calculating diluted earnings per share because their effect was anti-dilutive. There were 71,234 and 161,596 potentially anti-dilutive shares for the three and nine month periods ended September 30, 2012, respectively. | |
Other_Comprehensive_Income
Other Comprehensive Income | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Other Comprehensive Income [Abstract] | ' | ||||||||||||||||||
Other Comprehensive Income | ' | ||||||||||||||||||
6. OTHER COMPREHENSIVE INCOME | |||||||||||||||||||
The following tables summarize the changes in the components of accumulated other comprehensive income (loss) during the three and nine month periods ended September 30, 2013 and 2012: | |||||||||||||||||||
Balance at June 30, 2013 | Net Change | Balance at September 30, 2013 | |||||||||||||||||
(in thousands) | |||||||||||||||||||
Net unrealized gain (loss) on investment securities | $ | 791 | $ | -142 | $ | 649 | |||||||||||||
Net defined benefit pension plans adjustments | -2,281 | 38 | -2,243 | ||||||||||||||||
Total | $ | -1,490 | $ | -104 | $ | -1,594 | |||||||||||||
Balance at June 30, 2012 | Net Change | Balance at September 30, 2012 | |||||||||||||||||
(in thousands) | |||||||||||||||||||
Net unrealized gain (loss) on investment securities | $ | 2,433 | $ | 357 | $ | 2,790 | |||||||||||||
Net defined benefit pension plans adjustments | -2,109 | 39 | -2,070 | ||||||||||||||||
Total | $ | 324 | $ | 396 | $ | 720 | |||||||||||||
Balance at December 31, 2012 | Net Change | Balance at September 30, 2013 | |||||||||||||||||
(in thousands) | |||||||||||||||||||
Net unrealized gain (loss) on investment securities | $ | 2,457 | $ | -1,808 | $ | 649 | |||||||||||||
Net defined benefit pension plans adjustments | -2,356 | 113 | -2,243 | ||||||||||||||||
Total | $ | 101 | $ | -1,695 | $ | -1,594 | |||||||||||||
Balance at December 31, 2011 | Net Change | Balance at September 30, 2012 | |||||||||||||||||
(in thousands) | |||||||||||||||||||
Net unrealized gain (loss) on investment securities | $ | 2,534 | $ | 256 | $ | 2,790 | |||||||||||||
Net defined benefit pension plans adjustments | -2,188 | 118 | -2,070 | ||||||||||||||||
Total | $ | 346 | $ | 374 | $ | 720 | |||||||||||||
Three Months Ended, September 30, | |||||||||||||||||||
(in thousands) | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Before-Tax Amount | Income Tax (Provision) Benefit | Net-of-Tax Amount | Before-Tax Amount | Income Tax (Provision) Benefit | Net-of-Tax Amount | ||||||||||||||
Unrealized loss on investment securities: | |||||||||||||||||||
Unrealized gain (loss) on investment securities | $ | -231 | $ | 89 | $ | -142 | $ | 582 | $ | -225 | $ | 357 | |||||||
Reclassification from accumulated other | |||||||||||||||||||
comprehensive income for gains (losses) | - | - | - | - | - | - | |||||||||||||
Net change | $ | -231 | $ | 89 | $ | -142 | $ | 582 | $ | -225 | $ | 357 | |||||||
Defined benefit pension plans adjustments: | |||||||||||||||||||
Net actuarial (loss) gain | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||
Reclassifications from accumulated other | |||||||||||||||||||
comprehensive income for gains (losses) | |||||||||||||||||||
Amortization of prior service cost (a) | 17 | -7 | 10 | 21 | -8 | 13 | |||||||||||||
Amortization of actuarial loss (a) | 45 | -17 | 28 | 41 | -15 | 26 | |||||||||||||
Net change | $ | 62 | $ | -24 | $ | 38 | $ | 62 | $ | -23 | $ | 39 | |||||||
Other Comprehensive Income (Loss) | $ | -169 | $ | 65 | $ | -104 | $ | 644 | $ | -248 | $ | 396 | |||||||
(a) | Included in net periodic pension cost, as described in Note 9 – “Net Periodic Benefit Costs” | ||||||||||||||||||
Nine Months Ended, September 30, | |||||||||||||||||||
(in thousands) | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Before-Tax Amount | Income Tax (Provision) Benefit | Net-of-Tax Amount | Before-Tax Amount | Income Tax (Provision) Benefit | Net-of-Tax Amount | ||||||||||||||
Unrealized loss on investment securities: | |||||||||||||||||||
Unrealized gain (loss) on investment securities | $ | -2,950 | $ | 1,142 | $ | -1,808 | $ | 415 | $ | -159 | $ | 256 | |||||||
Reclassification from accumulated other | |||||||||||||||||||
comprehensive income for gains (losses) | - | - | - | - | - | - | |||||||||||||
Net change | $ | -2,950 | $ | 1,142 | $ | -1,808 | $ | 415 | $ | -159 | $ | 256 | |||||||
Defined benefit pension plans adjustments: | |||||||||||||||||||
Net actuarial (loss) gain | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||
Reclassifications from accumulated other | |||||||||||||||||||
comprehensive income for gains (losses) | |||||||||||||||||||
Amortization of prior service cost (a) | 52 | -20 | 32 | 65 | -25 | 40 | |||||||||||||
Amortization of actuarial loss (a) | 133 | -52 | 81 | 127 | -49 | 78 | |||||||||||||
Net change | $ | 185 | $ | -72 | $ | 113 | $ | 192 | $ | -74 | $ | 118 | |||||||
Other Comprehensive Income (Loss) | $ | -2,765 | $ | 1,070 | $ | -1,695 | $ | 607 | $ | -233 | $ | 374 | |||||||
(a) | Included in net periodic pension cost, as described in Note 9 – “Net Periodic Benefit Costs” | ||||||||||||||||||
Segment_Information
Segment Information | 9 Months Ended | |||||||||
Sep. 30, 2013 | ||||||||||
Segment Information [Abstract] | ' | |||||||||
Segment Information | ' | |||||||||
7. SEGMENT INFORMATION | ||||||||||
The Company is comprised of two primary business segments, banking and insurance agency activities. The following tables set forth information regarding these segments for the three and nine month periods ended September 30, 2013 and 2012. | ||||||||||
Three Months Ended September 30, 2013 | ||||||||||
(in thousands) | ||||||||||
Banking | Insurance Agency | |||||||||
Activities | Activities | Total | ||||||||
Net interest income (expense) | $ | 7,203 | $ | -29 | $ | 7,174 | ||||
Provision for loan and lease losses | 774 | - | 774 | |||||||
Net interest income (expense) after | ||||||||||
provision for loan and lease losses | 6,429 | -29 | 6,400 | |||||||
Non-interest income | 712 | - | 712 | |||||||
Insurance service and fees | 151 | 1,755 | 1,906 | |||||||
Non-interest expense | 6,174 | 1,174 | 7,348 | |||||||
Income before income taxes | 1,118 | 552 | 1,670 | |||||||
Income tax provision (benefit) | -1,015 | 235 | -780 | |||||||
Net income | $ | 2,133 | $ | 317 | $ | 2,450 | ||||
Three Months Ended September 30, 2012 | ||||||||||
(in thousands) | ||||||||||
Banking | Insurance Agency | |||||||||
Activities | Activities | Total | ||||||||
Net interest income (expense) | $ | 6,976 | $ | -31 | $ | 6,945 | ||||
Provision for loan and lease losses | 9 | - | 9 | |||||||
Net interest income (expense) after | ||||||||||
provision for loan and lease losses | 6,967 | -31 | 6,936 | |||||||
Non-interest income | 1,442 | - | 1,442 | |||||||
Insurance service and fees | - | 1,774 | 1,774 | |||||||
Non-interest expense | 6,078 | 1,278 | 7,356 | |||||||
Income before income taxes | 2,331 | 465 | 2,796 | |||||||
Income tax provision | 479 | 181 | 660 | |||||||
Net income | $ | 1,852 | $ | 284 | $ | 2,136 | ||||
Nine Months Ended September 30, 2013 | ||||||||||
(in thousands) | ||||||||||
Banking | Insurance Agency | |||||||||
Activities | Activities | Total | ||||||||
Net interest income (expense) | $ | 21,090 | $ | -87 | $ | 21,003 | ||||
Provision for loan and lease losses | 1,304 | - | 1,304 | |||||||
Net interest income (expense) after | ||||||||||
provision for loan and lease losses | 19,786 | -87 | 19,699 | |||||||
Non-interest income | 3,511 | - | 3,511 | |||||||
Insurance service and fees | 384 | 5,248 | 5,632 | |||||||
Non-interest expense | 18,232 | 3,450 | 21,682 | |||||||
Income before income taxes | 5,449 | 1,711 | 7,160 | |||||||
Income tax provision | 299 | 672 | 971 | |||||||
Net income | $ | 5,150 | $ | 1,039 | $ | 6,189 | ||||
Nine Months Ended September 30, 2012 | ||||||||||
(in thousands) | ||||||||||
Banking | Insurance Agency | |||||||||
Activities | Activities | Total | ||||||||
Net interest income (expense) | $ | 20,771 | $ | -93 | $ | 20,678 | ||||
Provision for loan and lease losses | 62 | - | 62 | |||||||
Net interest income (expense) after | ||||||||||
provision for loan and lease losses | 20,709 | -93 | 20,616 | |||||||
Non-interest income | 4,180 | - | 4,180 | |||||||
Insurance service and fees | - | 5,363 | 5,363 | |||||||
Non-interest expense | 17,805 | 3,783 | 21,588 | |||||||
Income before income taxes | 7,084 | 1,487 | 8,571 | |||||||
Income tax provision | 1,982 | 580 | 2,562 | |||||||
Net income | $ | 5,102 | $ | 907 | $ | 6,009 | ||||
Contingent_Liabilities_And_Com
Contingent Liabilities And Commitments | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Contingent Liabilities And Commitments [Abstract] | ' | ||||||
Contingent Liabilities And Commitments | ' | ||||||
8. CONTINGENT LIABILITIES AND COMMITMENTS | |||||||
The unaudited consolidated financial statements do not reflect various commitments and contingent liabilities, which arise in the normal course of business, and which involve elements of credit risk, interest rate risk and liquidity risk. These commitments and contingent liabilities consist of commitments to extend credit and standby letters of credit. A summary of the Bank’s commitments and contingent liabilities is as follows: | |||||||
September 30, | December 31, | ||||||
2013 | 2012 | ||||||
(in thousands) | |||||||
Commitments to extend credit | $ | 222,959 | $ | 135,028 | |||
Standby letters of credit | 2,626 | 8,042 | |||||
Total | $ | 225,585 | $ | 143,070 | |||
Commitments to extend credit and standby letters of credit include some exposure to credit loss in the event of nonperformance by the customer. The Bank’s credit policies and procedures for credit commitments and financial guarantees are the same as those for extensions of credit that are recorded on the Company’s unaudited consolidated balance sheets. Because these instruments have fixed maturity dates, and because they may expire without being drawn upon, they do not necessarily represent cash requirements of the Bank. The Bank has not incurred any losses on its commitments and did not record a reserve for its commitments during the first nine months of 2013 or during 2012. | |||||||
Certain lending commitments for construction residential mortgage loans are considered derivative instruments under the guidelines of GAAP. The changes in the fair value of these commitments, due to interest rate risk, are not recorded on the consolidated balance sheets as the fair value of these derivatives is not considered material. | |||||||
The Company is subject to possible litigation proceedings in the normal course of business. As of September 30, 2013 and December 31, 2012, there were no claims pending against the Company that management considered material. | |||||||
Net_Periodic_Benefit_Costs
Net Periodic Benefit Costs | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Net Periodic Benefit Costs [Abstract] | ' | ||||||||||||
Net Periodic Benefit Costs | ' | ||||||||||||
9. NET PERIODIC BENEFIT COSTS | |||||||||||||
On January 31, 2008, the Bank froze its defined benefit pension plan. The plan covered substantially all Company employees. The plan provides benefits that are based on the employees’ compensation and years of service. Under the freeze, eligible employees will receive, at retirement, the benefits already earned through January 31, 2008, but have not accrued any additional benefits since then. As a result, service cost is no longer incurred. | |||||||||||||
The Bank used an actuarial method of amortizing prior service cost and unrecognized net gains or losses which result from actual expense and assumptions being different than those that are projected. The amortization method the Bank used recognized the prior service cost and net gains or losses over the average remaining service period of active employees. | |||||||||||||
The Bank also maintains a nonqualified supplemental executive retirement plan covering certain members of the Company’s senior management. The Bank uses an actuarial method of amortizing unrecognized net gains or losses which result from actual expense and assumptions being different than those that are projected. The amortization method the Bank uses recognizes the net gains or losses over the average remaining service period of active employees. | |||||||||||||
The Bank contributed $185 thousand to the defined benefit pension plan in the first nine months of 2013 and plans to contribute an additional $45 thousand before the end of the year. | |||||||||||||
The following table presents the net periodic cost for the Bank’s defined benefit pension plan and supplemental executive retirement plan for the three and nine month periods ended September 30, 2013 and 2012: | |||||||||||||
Three months ended September 30, | |||||||||||||
(in thousands) | |||||||||||||
Supplemental Executive | |||||||||||||
Pension Benefits | Retirement Plan | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Service cost | $ | - | $ | - | $ | 42 | $ | 45 | |||||
Interest cost | 47 | 54 | 32 | 39 | |||||||||
Expected return on plan assets | -65 | -57 | - | - | |||||||||
Amortization of prior service cost | - | - | 17 | 22 | |||||||||
Amortization of the net loss | 17 | 16 | 28 | 27 | |||||||||
Net periodic cost (benefit) | $ | -1 | $ | 13 | $ | 119 | $ | 133 | |||||
Nine months ended September 30, | |||||||||||||
(in thousands) | |||||||||||||
Supplemental Executive | |||||||||||||
Pension Benefits | Retirement Plan | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Service cost | $ | - | $ | - | $ | 124 | $ | 135 | |||||
Interest cost | 143 | 160 | 94 | 116 | |||||||||
Expected return on plan assets | -195 | -170 | - | - | |||||||||
Amortization of prior service cost | - | - | 52 | 65 | |||||||||
Amortization of the net loss | 50 | 47 | 83 | 81 | |||||||||
Net periodic cost (benefit) | $ | -2 | $ | 37 | $ | 353 | $ | 397 | |||||
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2013 | |
Recent Accounting Pronouncements [Abstract] | ' |
Recent Accounting Pronouncements | ' |
10. RECENT ACCOUNTING PRONOUNCEMENTS | |
Accounting Standards Update (“ASU”) 2012-06, Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution. Accounting for a business combination requires that at each subsequent reporting date, an acquirer measure an indemnification asset on the same basis as the indemnified liability or asset, subject to any contractual limitations on its amount, and, for an indemnification asset that is not subsequently measured at its fair value, management’s assessment of the collectability of the indemnification asset. The objective of this ASU is to address the diversity in practice about how to interpret the terms on the same basis and contractual limitations when subsequently measuring an indemnification asset recognized in a government-assisted (Federal Deposit Insurance Corporation) acquisition of a financial institution that includes a loss-sharing agreement (indemnification agreement). The new guidance is effective for interim and annual periods beginning after December 15, 2012. The Company adopted this ASU effective January 1, 2013. The Company was party to an indemnification agreement with the FDIC related to the Company’s acquisition of Waterford Village Bank in July 2009, however, this agreement was terminated effective July 1, 2013. The adoption of this ASU did not have a material impact on the Company’s financial statements. | |
ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The objective of this ASU is to improve the reporting of reclassifications out of accumulated other comprehensive income by requiring an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income, if the amount being reclassified is required to be reclassified into net income in its entirety. 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 required under U.S. GAAP that provide additional detail about those amounts. This ASU is effective for reporting periods beginning after December 15, 2012. The Company adopted this ASU effective January 1, 2013, as reflected herein at Note 6 – “Other Comprehensive Income.” | |
ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The objective of this ASU is to eliminate diversity in practice for presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The main provision states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. This ASU is effective for fiscal years and interim periods within those years, beginning after December 15, 2013. | |
Securities_Tables
Securities (Tables) | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||
Schedule Of Amortized Cost And Estimated Fair Value Of Investment Securities | ' | ||||||||||||||||||
The amortized cost of securities and their approximate fair value at September 30, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||
30-Sep-13 | |||||||||||||||||||
(in thousands) | |||||||||||||||||||
Amortized | Unrealized | Fair | |||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||
Available for Sale: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
U.S. government agencies | $ | 28,228 | $ | 619 | $ | -435 | $ | 28,412 | |||||||||||
States and political subdivisions | 32,847 | 858 | -212 | 33,493 | |||||||||||||||
Total debt securities | $ | 61,075 | $ | 1,477 | $ | -647 | $ | 61,905 | |||||||||||
Mortgage-backed securities: | |||||||||||||||||||
FNMA | $ | 11,559 | $ | 436 | $ | - | $ | 11,995 | |||||||||||
FHLMC | 5,955 | 138 | -93 | 6,000 | |||||||||||||||
GNMA | 7,859 | 106 | -70 | 7,895 | |||||||||||||||
CMO | 5,061 | 4 | -292 | 4,773 | |||||||||||||||
Total mortgage-backed securities | $ | 30,434 | $ | 684 | $ | -455 | $ | 30,663 | |||||||||||
Total securities designated as available for sale | $ | 91,509 | $ | 2,161 | $ | -1,102 | $ | 92,568 | |||||||||||
Held to Maturity: | |||||||||||||||||||
Debt securities | |||||||||||||||||||
States and political subdivisions | 3,776 | 9 | -76 | 3,709 | |||||||||||||||
Total securities designated as held to maturity | $ | 3,776 | $ | 9 | $ | -76 | $ | 3,709 | |||||||||||
Total securities | $ | 95,285 | $ | 2,170 | $ | -1,178 | $ | 96,277 | |||||||||||
31-Dec-12 | |||||||||||||||||||
(in thousands) | |||||||||||||||||||
Amortized | Unrealized | Fair | |||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||
Available for Sale: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
U.S. government agencies | $ | 27,227 | $ | 1,137 | $ | -32 | $ | 28,332 | |||||||||||
States and political subdivisions | 29,912 | 1,567 | -10 | 31,469 | |||||||||||||||
Total debt securities | $ | 57,139 | $ | 2,704 | $ | -42 | $ | 59,801 | |||||||||||
Mortgage-backed securities: | |||||||||||||||||||
FNMA | $ | 15,210 | $ | 867 | $ | - | $ | 16,077 | |||||||||||
FHLMC | 6,292 | 189 | - | 6,481 | |||||||||||||||
GNMA | 7,750 | 263 | - | 8,013 | |||||||||||||||
CMO | 1,663 | 28 | - | 1,691 | |||||||||||||||
Total mortgage-backed securities | $ | 30,915 | $ | 1,347 | $ | - | $ | 32,262 | |||||||||||
Total securities designated as available for sale | $ | 88,054 | $ | 4,051 | $ | -42 | $ | 92,063 | |||||||||||
Held to Maturity: | |||||||||||||||||||
Debt securities | |||||||||||||||||||
States and political subdivisions | 3,744 | 23 | -46 | 3,721 | |||||||||||||||
Total securities designated as held to maturity | $ | 3,744 | $ | 23 | $ | -46 | $ | 3,721 | |||||||||||
Total securities | $ | 91,798 | $ | 4,074 | $ | -88 | $ | 95,784 | |||||||||||
Scheduled Maturities Of Debt And Mortgage Backed Securities | ' | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||
Amortized | Estimated | Amortized | Estimated | ||||||||||||||||
cost | fair value | cost | fair value | ||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||
Debt securities available for sale: | |||||||||||||||||||
Due in one year or less | $ | 1,170 | $ | 1,176 | $ | 2,766 | $ | 2,797 | |||||||||||
Due after one year through five years | 21,798 | 22,433 | 16,797 | 17,561 | |||||||||||||||
Due after five years through ten years | 30,195 | 30,043 | 29,280 | 30,344 | |||||||||||||||
Due after ten years | 7,912 | 8,253 | 8,296 | 9,099 | |||||||||||||||
61,075 | 61,905 | 57,139 | 59,801 | ||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||
available for sale | 30,434 | 30,663 | 30,915 | 32,262 | |||||||||||||||
Total available for sale securities | $ | 91,509 | $ | 92,568 | $ | 88,054 | $ | 92,063 | |||||||||||
Debt securities held to maturity: | |||||||||||||||||||
Due in one year or less | $ | 2,316 | $ | 2,310 | $ | 2,241 | $ | 2,228 | |||||||||||
Due after one year through five years | 264 | 266 | 317 | 322 | |||||||||||||||
Due after five years through ten years | 938 | 883 | 516 | 490 | |||||||||||||||
Due after ten years | 258 | 250 | 670 | 681 | |||||||||||||||
3,776 | 3,709 | 3,744 | 3,721 | ||||||||||||||||
Total held to maturity securities | $ | 3,776 | $ | 3,709 | $ | 3,744 | $ | 3,721 | |||||||||||
Unrealized Losses On Available For Sale Securities | ' | ||||||||||||||||||
30-Sep-13 | |||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||
(in thousands) | |||||||||||||||||||
Available for Sale: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
U.S. government agencies | $ | 7,564 | $ | -435 | $ | - | $ | - | $ | 7,564 | $ | -435 | |||||||
States and political subdivisions | 8,867 | -207 | 102 | -5 | 8,969 | -212 | |||||||||||||
Total debt securities | $ | 16,431 | $ | -642 | $ | 102 | $ | -5 | $ | 16,533 | $ | -647 | |||||||
Mortgage-backed securities: | |||||||||||||||||||
FNMA | $ | - | $ | - | $ | 34 | $ | - | $ | 34 | $ | - | |||||||
FHLMC | 1,810 | -93 | - | - | 1,810 | -93 | |||||||||||||
GNMA | 4,764 | -70 | - | - | 4,764 | -70 | |||||||||||||
CMO'S | 4,637 | -292 | - | - | 4,637 | -292 | |||||||||||||
Total mortgage-backed securities | $ | 11,211 | $ | -455 | $ | 34 | $ | - | $ | 11,245 | $ | -455 | |||||||
Held To Maturity: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
States and political subdivisions | $ | 966 | $ | -18 | $ | 2,045 | $ | -58 | $ | 3,011 | $ | -76 | |||||||
Total temporarily impaired | |||||||||||||||||||
securities | $ | 28,608 | $ | -1,115 | $ | 2,181 | $ | -63 | $ | 30,789 | $ | -1,178 | |||||||
31-Dec-12 | |||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||
(in thousands) | |||||||||||||||||||
Available for Sale: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
U.S. government agencies | $ | 3,968 | $ | -32 | $ | - | $ | - | $ | 3,968 | $ | -32 | |||||||
States and political subdivisions | 1,192 | -10 | - | - | 1,192 | -10 | |||||||||||||
Total debt securities | $ | 5,160 | $ | -42 | $ | - | $ | - | $ | 5,160 | $ | -42 | |||||||
Mortgage-backed securities: | |||||||||||||||||||
FNMA | $ | 34 | $ | - | $ | - | $ | - | $ | 34 | $ | - | |||||||
FHLMC | - | - | - | - | - | - | |||||||||||||
GNMA | - | - | - | - | - | - | |||||||||||||
CMO'S | - | - | - | - | - | - | |||||||||||||
Total mortgage-backed securities | $ | 34 | $ | - | $ | - | $ | - | $ | 34 | $ | - | |||||||
Held To Maturity: | |||||||||||||||||||
Debt securities: | |||||||||||||||||||
States and political subdivisions | $ | 2,660 | $ | -46 | $ | - | $ | - | $ | 2,660 | $ | -46 | |||||||
Total temporarily impaired | |||||||||||||||||||
securities | $ | 7,854 | $ | -88 | $ | - | $ | - | $ | 7,854 | $ | -88 | |||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||
Financial Instruments Measured At Fair Value On Recurring Basis | ' | ||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||
30-Sep-13 | |||||||||||||
Securities available-for-sale: | |||||||||||||
U.S. government agencies | $ | - | $ | 28,412 | $ | - | $ | 28,412 | |||||
States and political subdivisions | - | 33,493 | - | 33,493 | |||||||||
Mortgage-backed securities | - | 30,663 | - | 30,663 | |||||||||
Mortgage servicing rights | - | - | 509 | 509 | |||||||||
31-Dec-12 | |||||||||||||
Securities available-for-sale: | |||||||||||||
U.S. Treasury and other U.S. government agencies | $ | - | $ | 28,332 | $ | - | $ | 28,332 | |||||
States and political subdivisions | - | 31,469 | - | 31,469 | |||||||||
Mortgage-backed securities | - | 32,262 | - | 32,262 | |||||||||
Mortgage servicing rights | - | - | 467 | 467 | |||||||||
Changes In Fair Value For Mortgage Servicing Rights | ' | ||||||||||||
Three months ended September 30, | |||||||||||||
(in thousands) | |||||||||||||
2013 | 2012 | ||||||||||||
Beginning balance, June 30 | $ | 503 | $ | 448 | |||||||||
Gain (loss) included in earnings | 6 | -67 | |||||||||||
Additions from loan sales | - | 48 | |||||||||||
Ending balance, September 30 | $ | 509 | $ | 429 | |||||||||
Nine months ended September 30, | |||||||||||||
(in thousands) | |||||||||||||
2013 | 2012 | ||||||||||||
Beginning balance, Dec 31 | $ | 467 | $ | 407 | |||||||||
Gain (loss) included in earnings | 34 | -121 | |||||||||||
Additions from loan sales | 8 | 143 | |||||||||||
Ending balance, September 30 | $ | 509 | $ | 429 | |||||||||
Quantitative Information About Significant Unobservable Inputs Used In The Fair Value Measurement Of MSRs | ' | ||||||||||||
9/30/13 | 9/30/12 | ||||||||||||
Servicing fees | 0.25 | % | 0.25 | % | |||||||||
Discount rate | 10.04 | % | 10.08 | % | |||||||||
Prepayment rate (CPR) | 10.84 | % | 17.66 | % | |||||||||
Financial Instruments Measured At Fair Value On Nonrecurring Basis | ' | ||||||||||||
(in thousands) | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||
30-Sep-13 | |||||||||||||
Impaired loans | $ | - | - | 18,232 | $ | 18,232 | |||||||
31-Dec-12 | |||||||||||||
Impaired loans | $ | - | - | 12,303 | $ | 12,303 | |||||||
Estimated Fair Value Of The Company's Financial Instruments | ' | ||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||
Amount | Value | Amount | Value | ||||||||||
(in thousands) | (in thousands) | ||||||||||||
Financial assets: | |||||||||||||
Level 1: | |||||||||||||
Cash and cash equivalents | $ | 63,442 | $ | 63,442 | $ | 90,477 | $ | 90,477 | |||||
Level 2: | |||||||||||||
Available for sale securities | 92,568 | 92,568 | 92,063 | 92,063 | |||||||||
FHLB and FRB stock | 2,831 | 2,831 | 3,249 | 3,249 | |||||||||
Level 3: | |||||||||||||
Held to maturity securities | 3,776 | 3,709 | 3,744 | 3,721 | |||||||||
Loans and leases, net | 614,665 | 631,634 | 573,163 | 607,916 | |||||||||
Mortgage servicing rights | 509 | 509 | 467 | 467 | |||||||||
Financial liabilities: | |||||||||||||
Level 1: | |||||||||||||
Demand deposits | $ | 140,423 | $ | 140,423 | $ | 123,405 | $ | 123,405 | |||||
NOW deposits | 66,095 | 66,095 | 65,753 | 65,753 | |||||||||
Regular savings deposits | 383,766 | 383,766 | 380,924 | 380,924 | |||||||||
Junior subordinated debentures | 11,330 | 11,330 | 11,330 | 11,330 | |||||||||
Commitments to extend credit | 297 | 297 | 49 | 49 | |||||||||
Securities sold under agreement to | |||||||||||||
repurchase | 14,179 | 14,179 | 12,111 | 12,111 | |||||||||
Level 2: | |||||||||||||
Other borrowed funds | 9,000 | 9,242 | 19,000 | 19,503 | |||||||||
Level 3: | |||||||||||||
Time deposits | 112,341 | 114,215 | 108,910 | 111,883 | |||||||||
Loans_Leases_And_The_Allowance1
Loans, Leases, And The Allowance For Loan And Lease Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Loans, Leases, And The Allowance For Loan And Lease Losses [Abstract] | ' | ||||||||||||||||||||||||
Major Categories Of Loans And Leases | ' | ||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||
Mortgage loans on real estate: | (in thousands) | ||||||||||||||||||||||||
Residential Mortgages | $ | 89,903 | $ | 68,135 | |||||||||||||||||||||
Commercial and multi-family | 329,352 | 323,777 | |||||||||||||||||||||||
Construction-Residential | 437 | 811 | |||||||||||||||||||||||
Construction-Commercial | 30,392 | 28,941 | |||||||||||||||||||||||
Home equities | 56,523 | 56,366 | |||||||||||||||||||||||
Total real estate loans | 506,607 | 478,030 | |||||||||||||||||||||||
Direct financing leases | - | 1,612 | |||||||||||||||||||||||
Commercial and industrial loans | 117,070 | 99,951 | |||||||||||||||||||||||
Consumer loans | 1,035 | 1,294 | |||||||||||||||||||||||
Other | 62 | 1,342 | |||||||||||||||||||||||
Net deferred loan origination costs | 781 | 666 | |||||||||||||||||||||||
Total gross loans | 625,555 | 582,895 | |||||||||||||||||||||||
Allowance for loan losses | -10,890 | -9,732 | |||||||||||||||||||||||
Loans, net | $ | 614,665 | $ | 573,163 | |||||||||||||||||||||
Data, At The Class Level, Of Credit Quality Indicators Of Certain Loans And Leases | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Corporate Credit Exposure – By Credit Rating | Commercial Real Estate Construction | Commercial and Multi-Family Mortgages | Total Commercial Real Estate | Commercial and Industrial | |||||||||||||||||||||
3 | $ | 25,542 | $ | 283,983 | $ | 309,525 | $ | 94,958 | |||||||||||||||||
4 | 3,175 | 26,232 | 29,407 | 13,704 | |||||||||||||||||||||
5 | - | 6,930 | 6,930 | 3,469 | |||||||||||||||||||||
6 | 1,675 | 11,846 | 13,521 | 4,891 | |||||||||||||||||||||
7 | - | 361 | 361 | 48 | |||||||||||||||||||||
Total | $ | 30,392 | $ | 329,352 | $ | 359,744 | $ | 117,070 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Corporate Credit Exposure – By Credit Rating | Commercial Real Estate Construction | Commercial and Multi-Family Mortgages | Total Commercial Real Estate | Commercial and Industrial | |||||||||||||||||||||
3 | $ | 24,461 | $ | 273,843 | $ | 298,304 | $ | 77,095 | |||||||||||||||||
4 | 2,023 | 40,346 | 42,369 | 14,681 | |||||||||||||||||||||
5 | 1,728 | 3,081 | 4,809 | 5,229 | |||||||||||||||||||||
6 | 729 | 2,911 | 3,640 | 2,308 | |||||||||||||||||||||
7 | - | 3,596 | 3,596 | 638 | |||||||||||||||||||||
Total | $ | 28,941 | $ | 323,777 | $ | 352,718 | $ | 99,951 | |||||||||||||||||
Recorded Investment In Loans And Leases Past Due | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Non-accruing | |||||||||||||||||||||||||
Total Past | Current | Total | 90+ Days | Loans and | |||||||||||||||||||||
30-59 days | 60-89 days | 90+ days | Due | Balance | Balance | Accruing | Leases | ||||||||||||||||||
Commercial and | |||||||||||||||||||||||||
industrial | $ | 270 | $ | 287 | $ | 153 | $ | 710 | $ | 116,360 | $ | 117,070 | $ | - | $ | 3,112 | |||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 264 | 163 | 367 | 794 | 89,109 | 89,903 | 72 | 766 | |||||||||||||||||
Construction | - | - | - | - | 437 | 437 | - | - | |||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | - | 361 | 233 | 594 | 328,758 | 329,352 | - | 9,141 | |||||||||||||||||
Construction | - | 441 | 603 | 1,044 | 29,348 | 30,392 | 603 | - | |||||||||||||||||
Home equities | 523 | 76 | 98 | 697 | 55,826 | 56,523 | - | 536 | |||||||||||||||||
Direct financing leases | 3 | - | 61 | 64 | - | - | - | 61 | |||||||||||||||||
Consumer | 1 | 4 | - | 5 | 1,030 | 1,035 | - | 20 | |||||||||||||||||
Other | - | - | - | - | 62 | 62 | - | - | |||||||||||||||||
Total Loans | $ | 1,061 | $ | 1,332 | $ | 1,515 | $ | 3,908 | $ | 620,930 | $ | 624,774 | $ | 675 | $ | 13,636 | |||||||||
NOTE: Loan and lease balances do not include $781 thousand in net deferred loan and lease origination costs as of September 30, 2013. | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Non-accruing | |||||||||||||||||||||||||
Total Past | Current | Total | 90+ Days | Loans and | |||||||||||||||||||||
30-59 days | 60-89 days | 90+ days | Due | Balance | Balance | Accruing | Leases | ||||||||||||||||||
Commercial and | |||||||||||||||||||||||||
industrial | $ | 564 | $ | 141 | $ | 135 | $ | 840 | $ | 99,111 | $ | 99,951 | $ | - | $ | 914 | |||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,015 | 62 | 872 | 1,949 | 66,186 | 68,135 | - | 1,443 | |||||||||||||||||
Construction | - | - | - | - | 811 | 811 | - | - | |||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 12,658 | 169 | 3,658 | 16,485 | 307,292 | 323,777 | - | 4,309 | |||||||||||||||||
Construction | 1,505 | 201 | 729 | 2,435 | 26,506 | 28,941 | - | 729 | |||||||||||||||||
Home equities | 32 | 215 | 572 | 819 | 55,547 | 56,366 | - | 618 | |||||||||||||||||
Direct financing leases | 31 | 7 | 123 | 161 | 1,451 | 1,612 | - | 171 | |||||||||||||||||
Consumer | 17 | 4 | 23 | 44 | 1,250 | 1,294 | - | 44 | |||||||||||||||||
Other | - | - | - | - | 2,008 | 2,008 | - | - | |||||||||||||||||
Total Loans | $ | 15,822 | $ | 799 | $ | 6,112 | $ | 22,733 | $ | 560,162 | $ | 582,895 | $ | - | $ | 8,228 | |||||||||
NOTE: Loan and lease balances do not include $666 thousand in net deferred loan and lease origination costs as of December 31, 2012. | |||||||||||||||||||||||||
Summary Of The Allowance For Loan And Lease Losses By Management Level Segments | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(in thousands) | Commercial and Industrial | Commercial Real Estate Mortgages* | Consumer ** | Residential Mortgages* | HELOC | Direct Financing Leases | Unallocated | Total | |||||||||||||||||
Allowance for loan | |||||||||||||||||||||||||
and lease losses: | |||||||||||||||||||||||||
Beginning balance | $ | 3,617 | $ | 4,493 | $ | 18 | $ | 662 | $ | 746 | $ | 47 | $ | 149 | $ | 9,732 | |||||||||
Charge-offs | -19 | -460 | -29 | -39 | -128 | - | - | -675 | |||||||||||||||||
Recoveries | 167 | 303 | 11 | 2 | 1 | 45 | - | 529 | |||||||||||||||||
Provision | 430 | 407 | 32 | 319 | 208 | -92 | - | 1,304 | |||||||||||||||||
Ending balance | $ | 4,195 | $ | 4,743 | $ | 32 | $ | 944 | $ | 827 | $ | - | $ | 149 | $ | 10,890 | |||||||||
Allowance for loan | |||||||||||||||||||||||||
and lease losses: | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||
for impairment | $ | 667 | $ | 70 | $ | 20 | $ | - | $ | - | $ | - | $ | - | $ | 757 | |||||||||
Collectively evaluated | |||||||||||||||||||||||||
for impairment | 3,528 | 4,673 | 12 | 944 | 827 | - | 149 | 10,133 | |||||||||||||||||
Total | $ | 4,195 | $ | 4,743 | $ | 32 | $ | 944 | $ | 827 | $ | - | $ | 149 | $ | 10,890 | |||||||||
Loans and leases: | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||
for impairment | $ | 1,101 | $ | 11,550 | $ | 20 | $ | 1,340 | $ | 536 | $ | - | $ | - | $ | 14,547 | |||||||||
Collectively evaluated | |||||||||||||||||||||||||
for impairment | 115,969 | 348,194 | 1,077 | 89,000 | 55,987 | - | - | 610,227 | |||||||||||||||||
Total | $ | 117,070 | $ | 359,744 | $ | 1,097 | $ | 90,340 | $ | 56,523 | $ | - | $ | - | $ | 624,774 | |||||||||
* Includes construction loans | |||||||||||||||||||||||||
** Includes other loans | |||||||||||||||||||||||||
NOTE: Loan and lease balances do not include $781 thousand in net deferred loan and lease origination costs as of September 30, 2013. | |||||||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||
(in thousands) | Commercial and Industrial | Commercial Real Estate Mortgages* | Consumer ** | Residential Mortgages* | HELOC | Direct Financing Leases | Unallocated | Total | |||||||||||||||||
Allowance for loan | |||||||||||||||||||||||||
and lease losses: | |||||||||||||||||||||||||
Beginning balance | $ | 4,085 | $ | 4,670 | $ | 36 | $ | 793 | $ | 768 | $ | 994 | $ | 149 | $ | 11,495 | |||||||||
Charge-offs | -831 | -546 | -19 | -12 | -115 | - | - | -1,523 | |||||||||||||||||
Recoveries | 137 | 15 | 16 | - | 6 | - | - | 174 | |||||||||||||||||
Provision | 302 | 546 | -2 | -94 | 69 | -759 | - | 62 | |||||||||||||||||
Ending balance | $ | 3,693 | $ | 4,685 | $ | 31 | $ | 687 | $ | 728 | $ | 235 | $ | 149 | $ | 10,208 | |||||||||
Allowance for loan | |||||||||||||||||||||||||
and lease losses: | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||
for impairment | $ | 493 | $ | 359 | $ | 14 | $ | - | $ | - | $ | 72 | $ | - | $ | 938 | |||||||||
Collectively evaluated | |||||||||||||||||||||||||
for impairment | 3,200 | 4,326 | 17 | 687 | 728 | 163 | 149 | 9,270 | |||||||||||||||||
Total | $ | 3,693 | $ | 4,685 | $ | 31 | $ | 687 | $ | 728 | $ | 235 | $ | 149 | $ | 10,208 | |||||||||
Loans and leases: | |||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||
Individually evaluated | |||||||||||||||||||||||||
for impairment | $ | 1,472 | $ | 6,367 | $ | 37 | $ | 1,251 | $ | 875 | $ | 233 | $ | - | $ | 10,235 | |||||||||
Collectively evaluated | |||||||||||||||||||||||||
for impairment | 105,322 | 350,074 | 3,453 | 71,188 | 55,590 | 2,207 | - | 587,834 | |||||||||||||||||
Loans acquired with | |||||||||||||||||||||||||
deteriorated credit quality | - | - | 24 | - | - | - | - | 24 | |||||||||||||||||
Total | $ | 106,794 | $ | 356,441 | $ | 3,514 | $ | 72,439 | $ | 56,465 | $ | 2,440 | $ | - | $ | 598,093 | |||||||||
* Includes construction loans | |||||||||||||||||||||||||
** Includes other loans | |||||||||||||||||||||||||
NOTE: Loan and lease balances do not include $523 thousand in net deferred loan and lease origination costs as of September 30, 2012. | |||||||||||||||||||||||||
Changes In The Allowance For Loan And Lease Losses | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
(in thousands) | Commercial and Industrial | Commercial Real Estate Mortgages | Consumer | Residential Mortgages | HELOC | Direct Financing Leases | Unallocated | Total | |||||||||||||||||
Allowance for loan and | |||||||||||||||||||||||||
lease losses: | |||||||||||||||||||||||||
Beginning balance | $ | 3,713 | $ | 4,910 | $ | 15 | $ | 702 | $ | 770 | $ | - | $ | 149 | $ | 10,259 | |||||||||
Charge-offs | -9 | -447 | -7 | -33 | -41 | - | - | -537 | |||||||||||||||||
Recoveries | 44 | 298 | 5 | 2 | - | 45 | - | 394 | |||||||||||||||||
Provision | 447 | -18 | 19 | 273 | 98 | -45 | 774 | ||||||||||||||||||
Ending balance | $ | 4,195 | $ | 4,743 | $ | 32 | $ | 944 | $ | 827 | $ | - | $ | 149 | $ | 10,890 | |||||||||
30-Sep-12 | |||||||||||||||||||||||||
(in thousands) | Commercial and Industrial | Commercial Real Estate Mortgages | Consumer | Residential Mortgages | HELOC | Direct Financing Leases | Unallocated | Total | |||||||||||||||||
Allowance for loan and | |||||||||||||||||||||||||
lease losses: | |||||||||||||||||||||||||
Beginning balance | $ | 4,216 | $ | 4,377 | $ | 48 | $ | 698 | $ | 803 | $ | 367 | $ | 149 | $ | 10,658 | |||||||||
Charge-offs | -406 | - | -9 | -11 | -102 | - | - | -528 | |||||||||||||||||
Recoveries | 67 | - | 2 | - | - | - | - | 69 | |||||||||||||||||
Provision | -184 | 308 | -10 | - | 27 | -132 | - | 9 | |||||||||||||||||
Ending balance | $ | 3,693 | $ | 4,685 | $ | 31 | $ | 687 | $ | 728 | $ | 235 | $ | 149 | $ | 10,208 | |||||||||
Impaired Loans And Leases | ' | ||||||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
With no related allowance recorded: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 139 | $ | 236 | $ | - | $ | 189 | $ | 151 | $ | 1 | |||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,340 | 1,533 | - | 1,401 | 4 | 3 | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 10,208 | 10,570 | - | 9,917 | 251 | 73 | |||||||||||||||||||
Construction | 741 | 741 | - | 743 | - | 19 | |||||||||||||||||||
Home equities | 536 | 582 | - | 547 | 19 | 5 | |||||||||||||||||||
Direct financing leases | 40 | 40 | - | 47 | - | - | |||||||||||||||||||
Consumer | - | - | - | - | - | - | |||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 13,004 | $ | 13,702 | $ | - | $ | 12,844 | $ | 425 | $ | 101 | |||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
With a related allowance recorded: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 4,928 | $ | 4,960 | $ | 1,012 | $ | 5,038 | $ | 41 | $ | 146 | |||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | - | - | - | - | - | - | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 601 | 657 | 70 | 609 | 3 | 28 | |||||||||||||||||||
Construction | 934 | 934 | 153 | 934 | - | 25 | |||||||||||||||||||
Home equities | - | - | - | - | - | - | |||||||||||||||||||
Direct financing leases | - | - | - | - | - | - | |||||||||||||||||||
Consumer | 20 | 29 | 20 | 20 | 2 | 1 | |||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 6,483 | $ | 6,580 | $ | 1,255 | $ | 6,601 | $ | 46 | $ | 200 | |||||||||||||
At September 30, 2013 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
Total: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 5,067 | $ | 5,196 | $ | 1,012 | $ | 5,227 | $ | 192 | $ | 147 | |||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,340 | 1,533 | - | 1,401 | 4 | 3 | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 10,809 | 11,227 | 70 | 10,526 | 254 | 101 | |||||||||||||||||||
Construction | 1,675 | 1,675 | 153 | 1,677 | - | 44 | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Home equities | 536 | 582 | - | 547 | 19 | 5 | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Direct financing leases | 40 | 40 | - | 47 | - | - | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Consumer | 20 | 29 | 20 | 20 | 2 | 1 | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 19,487 | $ | 20,282 | $ | 1,255 | $ | 19,445 | $ | 471 | $ | 301 | |||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
With no related allowance recorded: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 277 | $ | 289 | $ | - | $ | 392 | $ | 10 | $ | 6 | |||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,437 | 1,558 | - | 1,444 | 56 | 12 | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 3,313 | 3,555 | - | 3,711 | 174 | 94 | |||||||||||||||||||
Construction | 729 | 814 | - | 778 | 26 | - | |||||||||||||||||||
Home equities | 938 | 973 | - | 856 | 26 | 14 | |||||||||||||||||||
Direct financing leases | - | - | - | - | - | - | |||||||||||||||||||
Consumer | - | - | - | - | - | - | |||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 6,694 | $ | 7,189 | $ | - | $ | 7,181 | $ | 292 | $ | 126 | |||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
With a related allowance recorded: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 2,509 | $ | 2,662 | $ | 747 | $ | 2,938 | $ | 49 | $ | 107 | |||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 6 | 6 | - | 6 | - | - | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 3,241 | 3,425 | 471 | 3,267 | 172 | 3 | |||||||||||||||||||
Construction | 934 | 934 | 49 | 934 | - | 30 | |||||||||||||||||||
Home equities | - | - | - | - | - | - | |||||||||||||||||||
Direct financing leases | 164 | 178 | 13 | 266 | 14 | - | |||||||||||||||||||
Consumer | 44 | 121 | 9 | 60 | 9 | - | |||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 6,898 | $ | 7,326 | $ | 1,289 | $ | 7,471 | $ | 244 | $ | 140 | |||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Foregone | Interest Income Recognized | ||||||||||||||||||||
Total: | (in thousands) | ||||||||||||||||||||||||
Commercial and industrial | $ | 2,786 | $ | 2,951 | $ | 747 | $ | 3,330 | $ | 59 | $ | 113 | |||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,443 | 1,564 | - | 1,450 | 56 | 12 | |||||||||||||||||||
Construction | - | - | - | - | - | - | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial | 6,554 | 6,980 | 471 | 6,978 | 346 | 97 | |||||||||||||||||||
Construction | 1,663 | 1,748 | 49 | 1,712 | 26 | 30 | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Home equities | 938 | 973 | - | 856 | 26 | 14 | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Direct financing leases | 164 | 178 | 13 | 266 | 14 | - | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Consumer | 44 | 121 | 9 | 60 | 9 | - | |||||||||||||||||||
- | - | - | - | - | - | ||||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Total impaired loans and leases | $ | 13,592 | $ | 14,515 | $ | 1,289 | $ | 14,652 | $ | 536 | $ | 266 | |||||||||||||
Non-Accrual Loans And Leases And Loans And Leases 90 Days Or More Past Due | ' | ||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Non-accruing loans and leases: | |||||||||||||||||||||||||
Commercial and industrial loans | $ | 3,112 | $ | 914 | |||||||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 766 | 1,443 | |||||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial and multi-family | 9,141 | 4,309 | |||||||||||||||||||||||
Construction | - | 729 | |||||||||||||||||||||||
Home equities | 536 | 618 | |||||||||||||||||||||||
Direct financing leases | 61 | 171 | |||||||||||||||||||||||
Consumer loans | 20 | 44 | |||||||||||||||||||||||
Other | - | - | |||||||||||||||||||||||
Total non-accruing loans and leases | $ | 13,636 | $ | 8,228 | |||||||||||||||||||||
Accruing loans 90+ days past due | 675 | - | |||||||||||||||||||||||
Total non-performing loans and leases | $ | 14,311 | $ | 8,228 | |||||||||||||||||||||
Total non-performing loans and leases | |||||||||||||||||||||||||
to total assets | 1.73 | % | 1.02 | % | |||||||||||||||||||||
Total non-performing loans and leases | |||||||||||||||||||||||||
to total loans and leases | 2.29 | % | 1.41 | % | |||||||||||||||||||||
Troubled Debt Restructured Loans And Leases | ' | ||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||
Total | Nonaccruing | Accruing | Related Allowance | ||||||||||||||||||||||
Commercial and industrial | $ | 4,915 | $ | 2,960 | $ | 1,955 | $ | 651 | |||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 1,036 | 461 | 575 | - | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial and multi family | 10,605 | 8,937 | 1,668 | 33 | |||||||||||||||||||||
Construction | 1,675 | - | 1,675 | - | |||||||||||||||||||||
Home equities | 193 | 193 | - | - | |||||||||||||||||||||
Direct financing leases | 40 | 13 | 27 | - | |||||||||||||||||||||
Consumer loans | - | - | - | - | |||||||||||||||||||||
Other | - | - | - | - | |||||||||||||||||||||
Total troubled restructured loans and leases | $ | 18,464 | $ | 12,564 | $ | 5,900 | $ | 684 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||
Total | Nonaccruing | Accruing | Related Allowance | ||||||||||||||||||||||
Commercial and industrial | $ | 2,592 | $ | 720 | $ | 1,872 | $ | 335 | |||||||||||||||||
Residential real estate: | |||||||||||||||||||||||||
Residential | 509 | 509 | - | - | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||
Commercial and multi family | 6,203 | 3,958 | 2,245 | 471 | |||||||||||||||||||||
Construction | 1,663 | 729 | 934 | - | |||||||||||||||||||||
- | |||||||||||||||||||||||||
Home equities | 320 | - | 320 | - | |||||||||||||||||||||
Direct financing leases | 164 | 70 | 94 | 13 | |||||||||||||||||||||
Consumer loans | - | - | - | - | |||||||||||||||||||||
Other | - | - | - | - | |||||||||||||||||||||
Total troubled restructured loans and leases | $ | 11,451 | $ | 5,986 | $ | 5,465 | $ | 819 | |||||||||||||||||
Troubled Debt Restructurings Activity | ' | ||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | ||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||
Troubled Debt Restructurings by Type of Concession | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||||||||||||
Commercial and Industrial: | |||||||||||||||||||||||||
Deferral of principal | 6 | $ | 2,400 | $ | 2,400 | - | $ | - | $ | - | |||||||||||||||
Combination of concessions | - | - | - | 2 | 1,680 | 1,680 | |||||||||||||||||||
Residential Real Estate & Construction: | |||||||||||||||||||||||||
Rate reduction | - | - | - | 1 | 475 | 475 | |||||||||||||||||||
Commercial Real Estate & Construction: | |||||||||||||||||||||||||
Deferral of principal | 2 | 6,438 | 7,963 | 1 | 735 | 735 | |||||||||||||||||||
Extension of maturity | - | - | - | 2 | 1,194 | 1,194 | |||||||||||||||||||
Home Equities: | |||||||||||||||||||||||||
Extension of maturity and rate reduction | 1 | 136 | 136 | - | - | - | |||||||||||||||||||
Term out line of credit | 1 | 57 | 57 | - | - | - | |||||||||||||||||||
Direct financing leases | - | - | - | - | - | - | |||||||||||||||||||
Consumer loans | - | - | - | - | - | - | |||||||||||||||||||
Other | - | - | - | - | - | - | |||||||||||||||||||
Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||
($ in thousands) | ($ in thousands) | ||||||||||||||||||||||||
Troubled Debt Restructurings by Type of Concession | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||||||||||||
Commercial and Industrial: | |||||||||||||||||||||||||
Deferral of principal | 6 | $ | 2,400 | $ | 2,400 | - | $ | - | $ | - | |||||||||||||||
Interest rate reduction | 2 | 330 | 330 | 1 | 249 | 249 | |||||||||||||||||||
Extension of maturity & interest rate reduction | 5 | 361 | 361 | - | - | - | |||||||||||||||||||
Combination of concessions | 1 | 250 | 250 | 3 | 1,687 | 1,687 | |||||||||||||||||||
Residential Real Estate & Construction: | |||||||||||||||||||||||||
Extension of maturity | 4 | 583 | 583 | 1 | 43 | 43 | |||||||||||||||||||
Rate reduction | - | - | - | 1 | 475 | 475 | |||||||||||||||||||
Commercial Real Estate & Construction: | |||||||||||||||||||||||||
Deferral of principal | 2 | 6,438 | 7,963 | 2 | 820 | 820 | |||||||||||||||||||
Extension of maturity | 2 | 739 | 739 | 2 | 1,194 | 1,194 | |||||||||||||||||||
Extension of maturity and rate reduction | - | - | - | 1 | 637 | 637 | |||||||||||||||||||
Home Equities: | |||||||||||||||||||||||||
Extension of maturity and rate reduction | 1 | 136 | 136 | - | - | - | |||||||||||||||||||
Term out line of credit | 1 | 57 | 57 | - | - | - | |||||||||||||||||||
Direct financing leases | - | - | - | - | - | - | |||||||||||||||||||
Consumer loans | - | - | - | - | - | - | |||||||||||||||||||
Troubled Debt Restructurings On Financing Receivables That Subsequently Defaulted | ' | ||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||
That Subsequently Defaulted | Contracts | Investment | Contracts | Investment | |||||||||||||||||||||
Commercial and Industrial | 2 | $ | 57 | - | $ | - | |||||||||||||||||||
Residential Real Estate: | |||||||||||||||||||||||||
Residential | - | - | 1 | 44 | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||
Commercial and Multi-Family | - | - | - | - | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Home Equities | - | - | - | - | |||||||||||||||||||||
Direct financing leases | - | - | - | - | |||||||||||||||||||||
Consumer loans | - | - | - | - | |||||||||||||||||||||
Other | - | - | - | - | |||||||||||||||||||||
Nine Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | ||||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||
That Subsequently Defaulted | Contracts | Investment | Contracts | Investment | |||||||||||||||||||||
Commercial and Industrial | 8 | $ | 239 | 4 | $ | 876 | |||||||||||||||||||
Residential Real Estate: | |||||||||||||||||||||||||
Residential | - | - | 1 | 44 | |||||||||||||||||||||
Construction | - | - | - | - | |||||||||||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||
Commercial and Multi-Family | 1 | 165 | 4 | 804 | |||||||||||||||||||||
Construction | - | - | 1 | 735 | |||||||||||||||||||||
Home Equities | - | - | - | - | |||||||||||||||||||||
Direct financing leases | - | - | - | - | |||||||||||||||||||||
Consumer loans | - | - | - | - | |||||||||||||||||||||
Other | - | - | - | - | |||||||||||||||||||||
Other_Comprehensive_Income_Tab
Other Comprehensive Income (Tables) | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||
Other Comprehensive Income [Abstract] | ' | ||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | ' | ||||||||||||||||||
Balance at June 30, 2013 | Net Change | Balance at September 30, 2013 | |||||||||||||||||
(in thousands) | |||||||||||||||||||
Net unrealized gain (loss) on investment securities | $ | 791 | $ | -142 | $ | 649 | |||||||||||||
Net defined benefit pension plans adjustments | -2,281 | 38 | -2,243 | ||||||||||||||||
Total | $ | -1,490 | $ | -104 | $ | -1,594 | |||||||||||||
Balance at June 30, 2012 | Net Change | Balance at September 30, 2012 | |||||||||||||||||
(in thousands) | |||||||||||||||||||
Net unrealized gain (loss) on investment securities | $ | 2,433 | $ | 357 | $ | 2,790 | |||||||||||||
Net defined benefit pension plans adjustments | -2,109 | 39 | -2,070 | ||||||||||||||||
Total | $ | 324 | $ | 396 | $ | 720 | |||||||||||||
Components Of Other Comprehensive Income | ' | ||||||||||||||||||
Three Months Ended, September 30, | |||||||||||||||||||
(in thousands) | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Before-Tax Amount | Income Tax (Provision) Benefit | Net-of-Tax Amount | Before-Tax Amount | Income Tax (Provision) Benefit | Net-of-Tax Amount | ||||||||||||||
Unrealized loss on investment securities: | |||||||||||||||||||
Unrealized gain (loss) on investment securities | $ | -231 | $ | 89 | $ | -142 | $ | 582 | $ | -225 | $ | 357 | |||||||
Reclassification from accumulated other | |||||||||||||||||||
comprehensive income for gains (losses) | - | - | - | - | - | - | |||||||||||||
Net change | $ | -231 | $ | 89 | $ | -142 | $ | 582 | $ | -225 | $ | 357 | |||||||
Defined benefit pension plans adjustments: | |||||||||||||||||||
Net actuarial (loss) gain | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||
Reclassifications from accumulated other | |||||||||||||||||||
comprehensive income for gains (losses) | |||||||||||||||||||
Amortization of prior service cost (a) | 17 | -7 | 10 | 21 | -8 | 13 | |||||||||||||
Amortization of actuarial loss (a) | 45 | -17 | 28 | 41 | -15 | 26 | |||||||||||||
Net change | $ | 62 | $ | -24 | $ | 38 | $ | 62 | $ | -23 | $ | 39 | |||||||
Other Comprehensive Income (Loss) | $ | -169 | $ | 65 | $ | -104 | $ | 644 | $ | -248 | $ | 396 | |||||||
(a) | Included in net periodic pension cost, as described in Note 9 – “Net Periodic Benefit Costs” | ||||||||||||||||||
Nine Months Ended, September 30, | |||||||||||||||||||
(in thousands) | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
Before-Tax Amount | Income Tax (Provision) Benefit | Net-of-Tax Amount | Before-Tax Amount | Income Tax (Provision) Benefit | Net-of-Tax Amount | ||||||||||||||
Unrealized loss on investment securities: | |||||||||||||||||||
Unrealized gain (loss) on investment securities | $ | -2,950 | $ | 1,142 | $ | -1,808 | $ | 415 | $ | -159 | $ | 256 | |||||||
Reclassification from accumulated other | |||||||||||||||||||
comprehensive income for gains (losses) | - | - | - | - | - | - | |||||||||||||
Net change | $ | -2,950 | $ | 1,142 | $ | -1,808 | $ | 415 | $ | -159 | $ | 256 | |||||||
Defined benefit pension plans adjustments: | |||||||||||||||||||
Net actuarial (loss) gain | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||
Reclassifications from accumulated other | |||||||||||||||||||
comprehensive income for gains (losses) | |||||||||||||||||||
Amortization of prior service cost (a) | 52 | -20 | 32 | 65 | -25 | 40 | |||||||||||||
Amortization of actuarial loss (a) | 133 | -52 | 81 | 127 | -49 | 78 | |||||||||||||
Net change | $ | 185 | $ | -72 | $ | 113 | $ | 192 | $ | -74 | $ | 118 | |||||||
Other Comprehensive Income (Loss) | $ | -2,765 | $ | 1,070 | $ | -1,695 | $ | 607 | $ | -233 | $ | 374 | |||||||
(a) | Included in net periodic pension cost, as described in Note 9 – “Net Periodic Benefit Costs” | ||||||||||||||||||
Segment_Information_Tables
Segment Information (Tables) | 9 Months Ended | |||||||||
Sep. 30, 2013 | ||||||||||
Segment Information [Abstract] | ' | |||||||||
Business Segment Information | ' | |||||||||
Three Months Ended September 30, 2013 | ||||||||||
(in thousands) | ||||||||||
Banking | Insurance Agency | |||||||||
Activities | Activities | Total | ||||||||
Net interest income (expense) | $ | 7,203 | $ | -29 | $ | 7,174 | ||||
Provision for loan and lease losses | 774 | - | 774 | |||||||
Net interest income (expense) after | ||||||||||
provision for loan and lease losses | 6,429 | -29 | 6,400 | |||||||
Non-interest income | 712 | - | 712 | |||||||
Insurance service and fees | 151 | 1,755 | 1,906 | |||||||
Non-interest expense | 6,174 | 1,174 | 7,348 | |||||||
Income before income taxes | 1,118 | 552 | 1,670 | |||||||
Income tax provision (benefit) | -1,015 | 235 | -780 | |||||||
Net income | $ | 2,133 | $ | 317 | $ | 2,450 | ||||
Three Months Ended September 30, 2012 | ||||||||||
(in thousands) | ||||||||||
Banking | Insurance Agency | |||||||||
Activities | Activities | Total | ||||||||
Net interest income (expense) | $ | 6,976 | $ | -31 | $ | 6,945 | ||||
Provision for loan and lease losses | 9 | - | 9 | |||||||
Net interest income (expense) after | ||||||||||
provision for loan and lease losses | 6,967 | -31 | 6,936 | |||||||
Non-interest income | 1,442 | - | 1,442 | |||||||
Insurance service and fees | - | 1,774 | 1,774 | |||||||
Non-interest expense | 6,078 | 1,278 | 7,356 | |||||||
Income before income taxes | 2,331 | 465 | 2,796 | |||||||
Income tax provision | 479 | 181 | 660 | |||||||
Net income | $ | 1,852 | $ | 284 | $ | 2,136 | ||||
Nine Months Ended September 30, 2013 | ||||||||||
(in thousands) | ||||||||||
Banking | Insurance Agency | |||||||||
Activities | Activities | Total | ||||||||
Net interest income (expense) | $ | 21,090 | $ | -87 | $ | 21,003 | ||||
Provision for loan and lease losses | 1,304 | - | 1,304 | |||||||
Net interest income (expense) after | ||||||||||
provision for loan and lease losses | 19,786 | -87 | 19,699 | |||||||
Non-interest income | 3,511 | - | 3,511 | |||||||
Insurance service and fees | 384 | 5,248 | 5,632 | |||||||
Non-interest expense | 18,232 | 3,450 | 21,682 | |||||||
Income before income taxes | 5,449 | 1,711 | 7,160 | |||||||
Income tax provision | 299 | 672 | 971 | |||||||
Net income | $ | 5,150 | $ | 1,039 | $ | 6,189 | ||||
Nine Months Ended September 30, 2012 | ||||||||||
(in thousands) | ||||||||||
Banking | Insurance Agency | |||||||||
Activities | Activities | Total | ||||||||
Net interest income (expense) | $ | 20,771 | $ | -93 | $ | 20,678 | ||||
Provision for loan and lease losses | 62 | - | 62 | |||||||
Net interest income (expense) after | ||||||||||
provision for loan and lease losses | 20,709 | -93 | 20,616 | |||||||
Non-interest income | 4,180 | - | 4,180 | |||||||
Insurance service and fees | - | 5,363 | 5,363 | |||||||
Non-interest expense | 17,805 | 3,783 | 21,588 | |||||||
Income before income taxes | 7,084 | 1,487 | 8,571 | |||||||
Income tax provision | 1,982 | 580 | 2,562 | |||||||
Net income | $ | 5,102 | $ | 907 | $ | 6,009 | ||||
Contingent_Liabilities_And_Com1
Contingent Liabilities And Commitments (Tables) | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Contingent Liabilities And Commitments [Abstract] | ' | ||||||
Summary Of Commitments And Contingent Liabilities | ' | ||||||
September 30, | December 31, | ||||||
2013 | 2012 | ||||||
(in thousands) | |||||||
Commitments to extend credit | $ | 222,959 | $ | 135,028 | |||
Standby letters of credit | 2,626 | 8,042 | |||||
Total | $ | 225,585 | $ | 143,070 | |||
Net_Periodic_Benefit_Costs_Tab
Net Periodic Benefit Costs (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Net Periodic Benefit Costs [Abstract] | ' | ||||||||||||
Schedule Of Net Periodic Benefit Costs | ' | ||||||||||||
Three months ended September 30, | |||||||||||||
(in thousands) | |||||||||||||
Supplemental Executive | |||||||||||||
Pension Benefits | Retirement Plan | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Service cost | $ | - | $ | - | $ | 42 | $ | 45 | |||||
Interest cost | 47 | 54 | 32 | 39 | |||||||||
Expected return on plan assets | -65 | -57 | - | - | |||||||||
Amortization of prior service cost | - | - | 17 | 22 | |||||||||
Amortization of the net loss | 17 | 16 | 28 | 27 | |||||||||
Net periodic cost (benefit) | $ | -1 | $ | 13 | $ | 119 | $ | 133 | |||||
Nine months ended September 30, | |||||||||||||
(in thousands) | |||||||||||||
Supplemental Executive | |||||||||||||
Pension Benefits | Retirement Plan | ||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||
Service cost | $ | - | $ | - | $ | 124 | $ | 135 | |||||
Interest cost | 143 | 160 | 94 | 116 | |||||||||
Expected return on plan assets | -195 | -170 | - | - | |||||||||
Amortization of prior service cost | - | - | 52 | 65 | |||||||||
Amortization of the net loss | 50 | 47 | 83 | 81 | |||||||||
Net periodic cost (benefit) | $ | -2 | $ | 37 | $ | 353 | $ | 397 | |||||
Organization_And_Summary_Of_Si1
Organization And Summary Of Significant Accounting Policies (Details) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2012 |
Organization And Summary Of Significant Accounting Policies [Abstract] | ' |
Reclassification adjustment to prior period statements of cash flows | $330 |
Securities_Narrative_Details
Securities (Narrative) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for sale securities pledged as collateral | $75,500,000 | $68,000,000 |
Borrowed funds with FHLBNY | 9,000,000 | 19,000,000 |
FHLB stock | $1,364,000 | $1,804,000 |
Maximum [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross unrealized losses, percentage of total fair value of the securities portfolio | 1.20% | 1.00% |
Securities_Schedule_Of_Amortiz
Securities (Schedule Of Amortized Cost And Fair Value Of Securities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investments In Debt And Marketable Equity Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost | $91,509 | $88,054 |
Available-for-sale Securities, Unrealized Gains | 2,161 | 4,051 |
Available-for-sale Securities, Unrealized Losses | -1,102 | -42 |
Available-for-sale securities, Fair value | 92,568 | 92,063 |
Held-to-maturity Securities, Amortized Cost | 3,776 | 3,744 |
Held-to-maturity Securities, Unrealized Gains | 9 | 23 |
Held-to-maturity Securities, Unrealized Losses | -76 | -46 |
Held-to-maturity securities, Fair value | 3,709 | 3,721 |
Securities, Amortized Cost | 95,285 | 91,798 |
Securities, Unrealized Gains | 2,170 | 4,074 |
Securities, Unrealized Losses | -1,178 | -88 |
Securities, Fair Value | 96,277 | 95,784 |
US Government Agencies Debt Securities [Member] | ' | ' |
Investments In Debt And Marketable Equity Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost | 28,228 | 27,227 |
Available-for-sale Securities, Unrealized Gains | 619 | 1,137 |
Available-for-sale Securities, Unrealized Losses | -435 | -32 |
Available-for-sale securities, Fair value | 28,412 | 28,332 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Investments In Debt And Marketable Equity Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost | 32,847 | 29,912 |
Available-for-sale Securities, Unrealized Gains | 858 | 1,567 |
Available-for-sale Securities, Unrealized Losses | -212 | -10 |
Available-for-sale securities, Fair value | 33,493 | 31,469 |
Held-to-maturity Securities, Amortized Cost | 3,776 | 3,744 |
Held-to-maturity Securities, Unrealized Gains | 9 | 23 |
Held-to-maturity Securities, Unrealized Losses | -76 | -46 |
Held-to-maturity securities, Fair value | 3,709 | 3,721 |
Debt Securities [Member] | ' | ' |
Investments In Debt And Marketable Equity Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost | 61,075 | 57,139 |
Available-for-sale Securities, Unrealized Gains | 1,477 | 2,704 |
Available-for-sale Securities, Unrealized Losses | -647 | -42 |
Available-for-sale securities, Fair value | 61,905 | 59,801 |
FNMA [Member] | ' | ' |
Investments In Debt And Marketable Equity Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost | 11,559 | 15,210 |
Available-for-sale Securities, Unrealized Gains | 436 | 867 |
Available-for-sale securities, Fair value | 11,995 | 16,077 |
FHLMC [Member] | ' | ' |
Investments In Debt And Marketable Equity Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost | 5,955 | 6,292 |
Available-for-sale Securities, Unrealized Gains | 138 | 189 |
Available-for-sale Securities, Unrealized Losses | -93 | ' |
Available-for-sale securities, Fair value | 6,000 | 6,481 |
GNMA [Member] | ' | ' |
Investments In Debt And Marketable Equity Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost | 7,859 | 7,750 |
Available-for-sale Securities, Unrealized Gains | 106 | 263 |
Available-for-sale Securities, Unrealized Losses | -70 | ' |
Available-for-sale securities, Fair value | 7,895 | 8,013 |
CMO [Member] | ' | ' |
Investments In Debt And Marketable Equity Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost | 5,061 | 1,663 |
Available-for-sale Securities, Unrealized Gains | 4 | 28 |
Available-for-sale Securities, Unrealized Losses | -292 | ' |
Available-for-sale securities, Fair value | 4,773 | 1,691 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Investments In Debt And Marketable Equity Securities [Line Items] | ' | ' |
Available-for-sale Securities, Amortized Cost | 30,434 | 30,915 |
Available-for-sale Securities, Unrealized Gains | 684 | 1,347 |
Available-for-sale Securities, Unrealized Losses | -455 | ' |
Available-for-sale securities, Fair value | $30,663 | $32,262 |
Securities_Scheduled_Maturitie
Securities (Scheduled Maturities Of Debt And Mortgage Backed Securities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Securities [Abstract] | ' | ' |
Debt securities available for sale, Due in one year or less, Amortized cost | $1,170 | $2,766 |
Debt securities available for sale, Due after one year through five years, Amortized cost | 21,798 | 16,797 |
Debt securities available for sale, Due after five years through ten years, Amortized cost | 30,195 | 29,280 |
Debt securities available for sale, Due after ten years, Amortized cost | 7,912 | 8,296 |
Debt securities available for sale, Amortized cost | 61,075 | 57,139 |
Mortgage-backed securities available for sale, Amortized cost | 30,434 | 30,915 |
Available-for-sale securities, Amortized cost | 91,509 | 88,054 |
Debt securities available for sale, Due in one year or less, Fair value | 1,176 | 2,797 |
Debt securities available for sale, Due after one year through five years, Fair value | 22,433 | 17,561 |
Debt securities available for sale, Due after five years through ten years, Fair value | 30,043 | 30,344 |
Debt securities available for sale, Due after ten years, Fair value | 8,253 | 9,099 |
Debt securities available for sale, Fair value | 61,905 | 59,801 |
Mortgage-backed securities available for sale, Fair value | 30,663 | 32,262 |
Available-for-sale securities, Fair value | 92,568 | 92,063 |
Debt securities held to maturity, Due in one year or less, Amortized cost | 2,316 | 2,241 |
Debt securities held to maturity, Due after one year through five years, Amortized cost | 264 | 317 |
Debt securities held to maturity, Due after five years through ten years, Amortized cost | 938 | 516 |
Debt securities held to maturity, Due after ten years, Amortized cost | 258 | 670 |
Held to maturity securities Amortized cost | 3,776 | 3,744 |
Debt securities held to maturity, Due in one year or less, Fair value | 2,310 | 2,228 |
Debt securites held to maturity, Due after one year through five years, Fair value | 266 | 322 |
Debt securites held to maturity, Due after five years through ten years, Fair Value | 883 | 490 |
Debt securities held to maturity, Due after ten years, Fair value | 250 | 681 |
Held-to-maturity securities, Fair value | $3,709 | $3,721 |
Securities_Unrealized_Losses_O
Securities (Unrealized Losses On Available For Sale Securities) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Investment [Line Items] | ' | ' |
Total temporarily impaired securities, Less than 12 months, Fair Value | $28,608 | $7,854 |
Total temporarily impaired securities, Less than 12 months, Unrealized Losses | -1,115 | -88 |
Total temporarily impaired securities, 12 months or longer, Fair Value | 2,181 | ' |
Total temporarily impaired securities, 12 months or longer, Unrealized Losses | -63 | ' |
Total temporarily impaired securities, Total, Fair Value | 30,789 | 7,854 |
Total temporarily impaired securities, Total, Unrealized Losses | -1,178 | -88 |
US Government Agencies Debt Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available for Sale, Less than 12 months, Fair Value | 7,564 | 3,968 |
Available for Sale, Less than 12 months, Unrealized Losses | -435 | -32 |
Available for Sale, Total, Fair Value | 7,564 | 3,968 |
Available for Sale, Total, Unrealized Losses | -435 | -32 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available for Sale, Less than 12 months, Fair Value | 8,867 | 1,192 |
Available for Sale, Less than 12 months, Unrealized Losses | -207 | -10 |
Available for Sale, 12 months or longer, Fair Value | 102 | ' |
Available for Sale, 12 months or longer, Unrealized Losses | -5 | ' |
Available for Sale, Total, Fair Value | 8,969 | 1,192 |
Available for Sale, Total, Unrealized Losses | -212 | -10 |
Held To Maturity, Less than 12 months, Fair Value | 966 | 2,660 |
Held To Maturity, Less than 12 months, Unrealized Losses | -18 | -46 |
Held To Maturity, 12 months or longer, Fair Value | 2,045 | ' |
Held To Maturity, 12 months or longer, Unrealized Losses | -58 | ' |
Held To Maturity, Total, Fair Value | 3,011 | 2,660 |
Held To Maturity, Total, Unrealized Losses | -76 | -46 |
Debt Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available for Sale, Less than 12 months, Fair Value | 16,431 | 5,160 |
Available for Sale, Less than 12 months, Unrealized Losses | -642 | -42 |
Available for Sale, 12 months or longer, Fair Value | 102 | ' |
Available for Sale, 12 months or longer, Unrealized Losses | -5 | ' |
Available for Sale, Total, Fair Value | 16,533 | 5,160 |
Available for Sale, Total, Unrealized Losses | -647 | -42 |
FNMA [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available for Sale, Less than 12 months, Fair Value | ' | 34 |
Available for Sale, 12 months or longer, Fair Value | 34 | ' |
Available for Sale, Total, Fair Value | 34 | 34 |
FHLMC [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available for Sale, Less than 12 months, Fair Value | 1,810 | ' |
Available for Sale, Less than 12 months, Unrealized Losses | -93 | ' |
Available for Sale, Total, Fair Value | 1,810 | ' |
Available for Sale, Total, Unrealized Losses | -93 | ' |
GNMA [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available for Sale, Less than 12 months, Fair Value | 4,764 | ' |
Available for Sale, Less than 12 months, Unrealized Losses | -70 | ' |
Available for Sale, Total, Fair Value | 4,764 | ' |
Available for Sale, Total, Unrealized Losses | -70 | ' |
CMO [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available for Sale, Less than 12 months, Fair Value | 4,637 | ' |
Available for Sale, Less than 12 months, Unrealized Losses | -292 | ' |
Available for Sale, Total, Fair Value | 4,637 | ' |
Available for Sale, Total, Unrealized Losses | -292 | ' |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Available for Sale, Less than 12 months, Fair Value | 11,211 | 34 |
Available for Sale, Less than 12 months, Unrealized Losses | -455 | ' |
Available for Sale, 12 months or longer, Fair Value | 34 | ' |
Available for Sale, Total, Fair Value | 11,245 | 34 |
Available for Sale, Total, Unrealized Losses | ($455) | ' |
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | Minimum [Member] | Maximum [Member] | ||
Discount on appraisals of the collateral securing the loan, range | ' | ' | 10.00% | 50.00% |
Impaired loans | $19,487 | $13,592 | ' | ' |
Impaired loans, related allowance | $1,255 | $1,289 | ' | ' |
Fair_Value_Measurements_Financ
Fair Value Measurements (Financial Instruments Measured At Fair Value On Recurring Basis) (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Available for sale securities | $92,568 | ' | $92,063 | ' | ' | ' |
Mortgage servicing rights | 509 | ' | 467 | ' | ' | ' |
Fair Value, Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Mortgage servicing rights | ' | ' | ' | ' | ' | ' |
Fair Value, Significant unobservable inputs (Level 3) [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Mortgage servicing rights | 509 | 503 | 467 | 429 | 448 | 407 |
US Government Agencies Debt Securities [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Available for sale securities | 28,412 | ' | 28,332 | ' | ' | ' |
US Government Agencies Debt Securities [Member] | Fair Value, Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Available for sale securities | ' | ' | ' | ' | ' | ' |
US Government Agencies Debt Securities [Member] | Fair Value, Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Available for sale securities | 28,412 | ' | 28,332 | ' | ' | ' |
US States and Political Subdivisions Debt Securities [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Available for sale securities | 33,493 | ' | 31,469 | ' | ' | ' |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Available for sale securities | ' | ' | ' | ' | ' | ' |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Available for sale securities | 33,493 | ' | 31,469 | ' | ' | ' |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Available for sale securities | 30,663 | ' | 32,262 | ' | ' | ' |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Available for sale securities | ' | ' | ' | ' | ' | ' |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Available for sale securities | $30,663 | ' | $32,262 | ' | ' | ' |
Fair_Value_Measurements_Change
Fair Value Measurements (Changes In Fair Value For Mortgage Servicing Rights) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | Fair Value, Significant unobservable inputs (Level 3) [Member] | Fair Value, Significant unobservable inputs (Level 3) [Member] | Fair Value, Significant unobservable inputs (Level 3) [Member] | Fair Value, Significant unobservable inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' |
Mortgage servicing rights, Beginning balance | $509 | $467 | $503 | $448 | $467 | $407 |
Gain (loss) included in earnings | ' | ' | 6 | -67 | 34 | -121 |
Additions from loan sales | ' | ' | ' | 48 | 8 | 143 |
Mortgage servicing rights, Ending balance, September 30 | $509 | $467 | $509 | $429 | $509 | $429 |
Fair_Value_Measurements_Quanti
Fair Value Measurements (Quantitative Information About Significant Unobservable Inputs Used In The Fair Value Measurement Of MSRs) (Details) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Fair Value Measurements [Abstract] | ' | ' |
Servicing fees | 0.25% | 0.25% |
Discount rate | 10.04% | 10.08% |
Prepayment rate (CPR) | 10.84% | 17.66% |
Fair_Value_Measurements_Financ1
Fair Value Measurements (Financial Instruments Measured At Fair Value On Nonrecurring Basis) (Details) (Fair Value, Measurements, Nonrecurring Basis [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | $18,232 | $12,303 |
Fair Value, Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | ' | ' |
Fair Value, Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | ' | ' |
Fair Value, Significant unobservable inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | $18,232 | $12,303 |
Fair_Value_Measurements_Estima
Fair Value Measurements (Estimated Fair Value Of The Company's Financial Instruments) (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||||
Level 2, Financial assets: | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities | $92,568 | ' | $92,063 | ' | ' | ' |
Level 3, Financial assets: | ' | ' | ' | ' | ' | ' |
Debt securities held to maturity, Total securities designated as held to maturity, Fair Value | 3,709 | ' | 3,721 | ' | ' | ' |
Loans and leases, net | 614,665 | ' | 573,163 | ' | ' | ' |
Mortgage servicing rights | 509 | ' | 467 | ' | ' | ' |
Level 1, Financial Liabilities: | ' | ' | ' | ' | ' | ' |
Demand deposits | 140,423 | ' | 123,405 | ' | ' | ' |
NOW deposits | 66,095 | ' | 65,753 | ' | ' | ' |
Regular savings deposits | 383,766 | ' | 380,924 | ' | ' | ' |
Securities sold under agreement to repurchase | 14,179 | ' | 12,111 | ' | ' | ' |
Level 3, Financial Liabilities: | ' | ' | ' | ' | ' | ' |
Time deposits | 112,341 | ' | 108,910 | ' | ' | ' |
Fair Value, Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ' | ' |
Level 3, Financial assets: | ' | ' | ' | ' | ' | ' |
Mortgage servicing rights | ' | ' | ' | ' | ' | ' |
Fair Value, Significant unobservable inputs (Level 3) [Member] | ' | ' | ' | ' | ' | ' |
Level 3, Financial assets: | ' | ' | ' | ' | ' | ' |
Mortgage servicing rights | 509 | 503 | 467 | 429 | 448 | 407 |
Carrying Amount [Member] | Fair Value, Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ' | ' |
Level 1, Financial assets: | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 63,442 | ' | 90,477 | ' | ' | ' |
Level 1, Financial Liabilities: | ' | ' | ' | ' | ' | ' |
Demand deposits | 140,423 | ' | 123,405 | ' | ' | ' |
NOW deposits | 66,095 | ' | 65,753 | ' | ' | ' |
Regular savings deposits | 383,766 | ' | 380,924 | ' | ' | ' |
Junior subordinated debentures | 11,330 | ' | 11,330 | ' | ' | ' |
Commitments to extend credit | 297 | ' | 49 | ' | ' | ' |
Securities sold under agreement to repurchase | 14,179 | ' | 12,111 | ' | ' | ' |
Carrying Amount [Member] | Fair Value, Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' | ' | ' |
Level 2, Financial assets: | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities | 92,568 | ' | 92,063 | ' | ' | ' |
FHLB and FRB stock | 2,831 | ' | 3,249 | ' | ' | ' |
Level 2, Financial Liabilities: | ' | ' | ' | ' | ' | ' |
Other borrowed funds | 9,000 | ' | 19,000 | ' | ' | ' |
Carrying Amount [Member] | Fair Value, Significant unobservable inputs (Level 3) [Member] | ' | ' | ' | ' | ' | ' |
Level 3, Financial assets: | ' | ' | ' | ' | ' | ' |
Debt securities held to maturity, Total securities designated as held to maturity, Fair Value | 3,776 | ' | 3,744 | ' | ' | ' |
Loans and leases, net | 614,665 | ' | 573,163 | ' | ' | ' |
Mortgage servicing rights | 509 | ' | 467 | ' | ' | ' |
Level 3, Financial Liabilities: | ' | ' | ' | ' | ' | ' |
Time deposits | 112,341 | ' | 108,910 | ' | ' | ' |
Fair Value [Member] | Fair Value, Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ' | ' |
Level 1, Financial assets: | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 63,442 | ' | 90,477 | ' | ' | ' |
Level 1, Financial Liabilities: | ' | ' | ' | ' | ' | ' |
Demand deposits | 140,423 | ' | 123,405 | ' | ' | ' |
NOW deposits | 66,095 | ' | 65,753 | ' | ' | ' |
Regular savings deposits | 383,766 | ' | 380,924 | ' | ' | ' |
Junior subordinated debentures | 11,330 | ' | 11,330 | ' | ' | ' |
Commitments to extend credit | 297 | ' | 49 | ' | ' | ' |
Securities sold under agreement to repurchase | 14,179 | ' | 12,111 | ' | ' | ' |
Fair Value [Member] | Fair Value, Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' | ' | ' |
Level 2, Financial assets: | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities | 92,568 | ' | 92,063 | ' | ' | ' |
FHLB and FRB stock | 2,831 | ' | 3,249 | ' | ' | ' |
Level 2, Financial Liabilities: | ' | ' | ' | ' | ' | ' |
Other borrowed funds | 9,242 | ' | 19,503 | ' | ' | ' |
Fair Value [Member] | Fair Value, Significant unobservable inputs (Level 3) [Member] | ' | ' | ' | ' | ' | ' |
Level 3, Financial assets: | ' | ' | ' | ' | ' | ' |
Debt securities held to maturity, Total securities designated as held to maturity, Fair Value | 3,709 | ' | 3,721 | ' | ' | ' |
Loans and leases, net | 631,634 | ' | 607,916 | ' | ' | ' |
Mortgage servicing rights | 509 | ' | 467 | ' | ' | ' |
Level 3, Financial Liabilities: | ' | ' | ' | ' | ' | ' |
Time deposits | $114,215 | ' | $111,883 | ' | ' | ' |
Loans_Leases_And_The_Allowance2
Loans, Leases, And The Allowance For Loan And Lease Losses (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Jul. 24, 2009 | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Loans and leases, restructured and deemed to be a TDR | $18,464,000 | ' | $18,464,000 | ' | $11,451,000 | ' | ||
Troubled restructured loans and leases, Nonaccruing | 12,564,000 | ' | 12,564,000 | ' | 5,986,000 | ' | ||
Period of timely payments before reversion to accruing status, months | ' | ' | '6 months | ' | ' | ' | ||
Liabilities assumed, acquisition | ' | ' | ' | ' | ' | 51,000,000 | ||
Loan portfolio acquired, acquisition | ' | ' | ' | ' | ' | 42,000,000 | ||
Loss sharing agreement to reimburse losses up to minimum threshold, percentage | ' | ' | 80.00% | ' | ' | ' | ||
Loss sharing agreement threshold limit, minimum | 5,600,000 | ' | 5,600,000 | ' | ' | ' | ||
Loss sharing agreement to reimburse losses for excess of minimum threshold, percentage | ' | ' | 95.00% | ' | ' | ' | ||
Allowance for loan and lease losses | ' | ' | ' | ' | ' | 0 | ||
Provision for loan and lease losses | 774,000 | 9,000 | 1,304,000 | 62,000 | ' | ' | ||
Net deferred loan origination costs | 781,000 | 523,000 | 781,000 | 523,000 | 666,000 | ' | ||
Residential Mortgages [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Unpaid principal balance | 65,800,000 | ' | 65,800,000 | ' | 73,700,000 | ' | ||
Mortgages sold to FNMA | 0 | 6,000,000 | 800,000 | 17,100,000 | ' | ' | ||
Mortgage servicing rights | 500,000 | ' | 500,000 | ' | 500,000 | ' | ||
Mortgage loans held-for-sale | 0 | ' | 0 | ' | 900,000 | ' | ||
Residential loan under government assistance program | ' | ' | ' | ' | 400,000 | ' | ||
Provision for loan and lease losses | 273,000 | ' | 319,000 | [1] | -94,000 | [1] | ' | ' |
Commercial Loans [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Mortgage loans held-for-sale | 0 | ' | 0 | ' | 0 | ' | ||
Number of impaired loans collectively evaluated for impairment | 3 | ' | 3 | ' | 2 | ' | ||
Impaired loans, unpaid principal balance, collectively evaluated for impairment | 4,900,000 | ' | 4,900,000 | ' | 2,600,000 | ' | ||
Impaired loans, related allowance, collectively evaluated for impairment | 500,000 | ' | 500,000 | ' | 300,000 | ' | ||
Previously Covered Loans [Member] | ' | ' | ' | ' | ' | ' | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ||
Provision for loan and lease losses | $600,000 | ' | ' | ' | ' | ' | ||
[1] | Includes construction loans |
Loans_Leases_And_The_Allowance3
Loans, Leases, And The Allowance For Loan And Lease Losses (Major Categories Of Loans And Leases) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total real estate loans | $506,607 | $478,030 | ' |
Direct financing leases | ' | 1,612 | ' |
Commercial and industrial loans | 117,070 | 99,951 | ' |
Consumer loans | 1,035 | 1,294 | ' |
Other | 62 | 1,342 | ' |
Net deferred loan origination costs | 781 | 666 | 523 |
Total gross loans | 625,555 | 582,895 | ' |
Allowance for loan losses | -10,890 | -9,732 | ' |
Loans, net | 614,665 | 573,163 | ' |
Residential Mortgages [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total real estate loans | 89,903 | 68,135 | ' |
Commercial And Multi-Family [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total real estate loans | 329,352 | 323,777 | ' |
Construction-Residential [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total real estate loans | 437 | 811 | ' |
Construction-Commercial [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total real estate loans | 30,392 | 28,941 | ' |
Home Equity Loans [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Total real estate loans | $56,523 | $56,366 | ' |
Loans_Leases_And_The_Allowance4
Loans, Leases, And The Allowance For Loan And Lease Losses (Data, At The Class Level, Of Credit Quality Indicators Of Certain Loans And Leases) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | $624,774 | $582,895 |
Commercial Real Estate: Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 30,392 | 28,941 |
Commercial Real Estate: Construction [Member] | Corporate Credit ExposurebBy Credit Rating 3 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 25,542 | 24,461 |
Commercial Real Estate: Construction [Member] | Corporate Credit ExposurebBy Credit Rating 4 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 3,175 | 2,023 |
Commercial Real Estate: Construction [Member] | Corporate Credit ExposurebBy Credit Rating 5 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | ' | 1,728 |
Commercial Real Estate: Construction [Member] | Corporate Credit ExposurebBy Credit Rating 6 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 1,675 | 729 |
Commercial And Multi-Family Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 329,352 | 323,777 |
Commercial And Multi-Family Mortgages [Member] | Corporate Credit ExposurebBy Credit Rating 3 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 283,983 | 273,843 |
Commercial And Multi-Family Mortgages [Member] | Corporate Credit ExposurebBy Credit Rating 4 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 26,232 | 40,346 |
Commercial And Multi-Family Mortgages [Member] | Corporate Credit ExposurebBy Credit Rating 5 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 6,930 | 3,081 |
Commercial And Multi-Family Mortgages [Member] | Corporate Credit ExposurebBy Credit Rating 6 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 11,846 | 2,911 |
Commercial And Multi-Family Mortgages [Member] | Corporate Credit ExposurebBy Credit Rating 7 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 361 | 3,596 |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 359,744 | 352,718 |
Commercial Loans [Member] | Corporate Credit ExposurebBy Credit Rating 3 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 309,525 | 298,304 |
Commercial Loans [Member] | Corporate Credit ExposurebBy Credit Rating 4 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 29,407 | 42,369 |
Commercial Loans [Member] | Corporate Credit ExposurebBy Credit Rating 5 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 6,930 | 4,809 |
Commercial Loans [Member] | Corporate Credit ExposurebBy Credit Rating 6 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 13,521 | 3,640 |
Commercial Loans [Member] | Corporate Credit ExposurebBy Credit Rating 7 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 361 | 3,596 |
Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 117,070 | 99,951 |
Commercial And Industrial [Member] | Corporate Credit ExposurebBy Credit Rating 3 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 94,958 | 77,095 |
Commercial And Industrial [Member] | Corporate Credit ExposurebBy Credit Rating 4 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 13,704 | 14,681 |
Commercial And Industrial [Member] | Corporate Credit ExposurebBy Credit Rating 5 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 3,469 | 5,229 |
Commercial And Industrial [Member] | Corporate Credit ExposurebBy Credit Rating 6 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | 4,891 | 2,308 |
Commercial And Industrial [Member] | Corporate Credit ExposurebBy Credit Rating 7 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total gross loans | $48 | $638 |
Loans_Leases_And_The_Allowance5
Loans, Leases, And The Allowance For Loan And Lease Losses (Recorded Investment In Loans And Leases Past Due) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 days | $1,061 | $15,822 | ' |
60-89 days | 1,332 | 799 | ' |
90+ days | 1,515 | 6,112 | ' |
Total Past Due | 3,908 | 22,733 | ' |
Current Balance | 620,930 | 560,162 | ' |
Total gross loans | 624,774 | 582,895 | ' |
90+ Days Accruing | 675 | ' | ' |
Non-accruing Loans and Leases | 13,636 | 8,228 | ' |
Net deferred loan origination costs | 781 | 666 | 523 |
Commercial And Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 days | 270 | 564 | ' |
60-89 days | 287 | 141 | ' |
90+ days | 153 | 135 | ' |
Total Past Due | 710 | 840 | ' |
Current Balance | 116,360 | 99,111 | ' |
Total gross loans | 117,070 | 99,951 | ' |
Non-accruing Loans and Leases | 3,112 | 914 | ' |
Residential Real Estate: Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 days | 264 | 1,015 | ' |
60-89 days | 163 | 62 | ' |
90+ days | 367 | 872 | ' |
Total Past Due | 794 | 1,949 | ' |
Current Balance | 89,109 | 66,186 | ' |
Total gross loans | 89,903 | 68,135 | ' |
90+ Days Accruing | 72 | ' | ' |
Non-accruing Loans and Leases | 766 | 1,443 | ' |
Residential Real Estate: Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current Balance | 437 | 811 | ' |
Total gross loans | 437 | 811 | ' |
Non-accruing Loans and Leases | ' | ' | ' |
Commercial Real Estate: Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 days | ' | 12,658 | ' |
60-89 days | 361 | 169 | ' |
90+ days | 233 | 3,658 | ' |
Total Past Due | 594 | 16,485 | ' |
Current Balance | 328,758 | 307,292 | ' |
Total gross loans | 329,352 | 323,777 | ' |
Non-accruing Loans and Leases | 9,141 | 4,309 | ' |
Commercial Real Estate: Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 days | ' | 1,505 | ' |
60-89 days | 441 | 201 | ' |
90+ days | 603 | 729 | ' |
Total Past Due | 1,044 | 2,435 | ' |
Current Balance | 29,348 | 26,506 | ' |
Total gross loans | 30,392 | 28,941 | ' |
90+ Days Accruing | 603 | ' | ' |
Non-accruing Loans and Leases | ' | 729 | ' |
Home Equity Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 days | 523 | 32 | ' |
60-89 days | 76 | 215 | ' |
90+ days | 98 | 572 | ' |
Total Past Due | 697 | 819 | ' |
Current Balance | 55,826 | 55,547 | ' |
Total gross loans | 56,523 | 56,366 | ' |
Non-accruing Loans and Leases | 536 | 618 | ' |
Direct Financing Leases [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 days | 3 | 31 | ' |
60-89 days | ' | 7 | ' |
90+ days | 61 | 123 | ' |
Total Past Due | 64 | 161 | ' |
Current Balance | ' | 1,451 | ' |
Total gross loans | ' | 1,612 | ' |
Non-accruing Loans and Leases | 61 | 171 | ' |
Consumer Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 days | 1 | 17 | ' |
60-89 days | 4 | 4 | ' |
90+ days | ' | 23 | ' |
Total Past Due | 5 | 44 | ' |
Current Balance | 1,030 | 1,250 | ' |
Total gross loans | 1,035 | 1,294 | ' |
Non-accruing Loans and Leases | 20 | 44 | ' |
Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current Balance | 62 | 2,008 | ' |
Total gross loans | $62 | $2,008 | ' |
Loans_Leases_And_The_Allowance6
Loans, Leases, And The Allowance For Loan And Lease Losses (Summary Of The Allowance For Loan And Lease Losses By Management Level Segments) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | ||||||||||||
Commercial And Industrial [Member] | Commercial And Industrial [Member] | Commercial And Industrial [Member] | Commercial And Industrial [Member] | Commercial Real Estate Mortgages [Member] | Commercial Real Estate Mortgages [Member] | Commercial Real Estate Mortgages [Member] | Commercial Real Estate Mortgages [Member] | Consumer Loans [Member] | Consumer Loans [Member] | Consumer Loans [Member] | Consumer Loans [Member] | Residential Mortgages [Member] | Residential Mortgages [Member] | Residential Mortgages [Member] | Residential Mortgages [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Direct Financing Leases [Member] | Direct Financing Leases [Member] | Direct Financing Leases [Member] | Direct Financing Leases [Member] | Unallocated [Member] | Unallocated [Member] | Unallocated [Member] | Unallocated [Member] | Unallocated [Member] | Unallocated [Member] | ||||||||||||||||||
Allowance for loan and lease losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Beginning balance | $10,259 | $10,658 | $9,732 | $11,495 | ' | $3,713 | $4,216 | $3,617 | $4,085 | $4,910 | $4,377 | $4,493 | [1] | $4,670 | [1] | $15 | $48 | $18 | [2] | $36 | [2] | $702 | $698 | $662 | [1] | $793 | [1] | $770 | $803 | $746 | $768 | ' | $367 | $47 | $994 | $149 | $149 | $149 | $149 | $149 | $149 | ||||||
Charge-offs | -537 | -528 | -675 | -1,523 | ' | -9 | -406 | -19 | -831 | -447 | ' | -460 | [1] | -546 | [1] | -7 | -9 | -29 | [2] | -19 | [2] | -33 | -11 | -39 | [1] | -12 | [1] | -41 | -102 | -128 | -115 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Recoveries | 394 | 69 | 529 | 174 | ' | 44 | 67 | 167 | 137 | 298 | ' | 303 | [1] | 15 | [1] | 5 | 2 | 11 | [2] | 16 | [2] | 2 | ' | 2 | [1] | ' | ' | ' | 1 | 6 | 45 | ' | 45 | ' | ' | ' | ' | ' | ' | ' | |||||||
Provision for loan and lease losses | 774 | 9 | 1,304 | 62 | ' | 447 | -184 | 430 | 302 | -18 | 308 | 407 | [1] | 546 | [1] | 19 | -10 | 32 | [2] | -2 | [2] | 273 | ' | 319 | [1] | -94 | [1] | 98 | 27 | 208 | 69 | -45 | -132 | -92 | -759 | ' | ' | ' | ' | ' | ' | ||||||
Ending balance | 10,890 | 10,208 | 10,890 | 10,208 | ' | 4,195 | 3,693 | 4,195 | 3,693 | 4,743 | [1] | 4,685 | [1] | 4,743 | [1] | 4,685 | [1] | 32 | [2] | 31 | [2] | 32 | [2] | 31 | [2] | 944 | [1] | 687 | [1] | 944 | [1] | 687 | [1] | 827 | 728 | 827 | 728 | ' | 235 | ' | 235 | 149 | 149 | 149 | 149 | 149 | 149 |
Individually evaluated for impairment | 757 | 938 | 757 | 938 | ' | 667 | 493 | 667 | 493 | 70 | [1] | 359 | [1] | 70 | [1] | 359 | [1] | 20 | [2] | 14 | [2] | 20 | [2] | 14 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72 | ' | 72 | ' | ' | ' | ' | ' | ' | ||||
Collectively evaluated for impairment | 10,133 | 9,270 | 10,133 | 9,270 | ' | 3,528 | 3,200 | 3,528 | 3,200 | 4,673 | [1] | 4,326 | [1] | 4,673 | [1] | 4,326 | [1] | 12 | [2] | 17 | [2] | 12 | [2] | 17 | [2] | 944 | [1] | 687 | [1] | 944 | [1] | 687 | [1] | 827 | 728 | 827 | 728 | ' | 163 | ' | 163 | 149 | ' | ' | 149 | ' | ' |
Allowance for loan and lease losses, Total | 10,890 | 10,208 | 10,890 | 10,208 | ' | 4,195 | 3,693 | 4,195 | 3,693 | 4,743 | [1] | 4,685 | [1] | 4,743 | [1] | 4,685 | [1] | 32 | [2] | 31 | [2] | 32 | [2] | 31 | [2] | 944 | [1] | 687 | [1] | 944 | [1] | 687 | [1] | 827 | 728 | 827 | 728 | ' | 235 | ' | 235 | 149 | 149 | 149 | 149 | 149 | 149 |
Loans and leases: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Individually evaluated for impairment | 14,547 | 10,235 | 14,547 | 10,235 | ' | 1,101 | 1,472 | 1,101 | 1,472 | 11,550 | [1] | 6,367 | [1] | 11,550 | [1] | 6,367 | [1] | 20 | [2] | 37 | [2] | 20 | [2] | 37 | [2] | 1,340 | [1] | 1,251 | [1] | 1,340 | [1] | 1,251 | [1] | 536 | 875 | 536 | 875 | ' | 233 | ' | 233 | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 610,227 | 587,834 | 610,227 | 587,834 | ' | 115,969 | 105,322 | 115,969 | 105,322 | 348,194 | [1] | 350,074 | [1] | 348,194 | [1] | 350,074 | [1] | 1,077 | [2] | 3,453 | [2] | 1,077 | [2] | 3,453 | [2] | 89,000 | [1] | 71,188 | [1] | 89,000 | [1] | 71,188 | [1] | 55,987 | 55,590 | 55,987 | 55,590 | ' | 2,207 | ' | 2,207 | ' | ' | ' | ' | ' | ' |
Loans acquired with deteriorated credit quality | ' | 24 | ' | 24 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24 | [2] | ' | 24 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Loans and leases, Total | 624,774 | 598,093 | 624,774 | 598,093 | ' | 117,070 | 106,794 | 117,070 | 106,794 | 359,744 | [1] | 356,441 | [1] | 359,744 | [1] | 356,441 | [1] | 1,097 | [2] | 3,514 | [2] | 1,097 | [2] | 3,514 | [2] | 90,340 | [1] | 72,439 | [1] | 90,340 | [1] | 72,439 | [1] | 56,523 | 56,465 | 56,523 | 56,465 | ' | 2,440 | ' | 2,440 | ' | ' | ' | ' | ' | ' |
Net deferred loan origination costs | $781 | $523 | $781 | $523 | $666 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
[1] | Includes construction loans | ||||||||||||||||||||||||||||||||||||||||||||||
[2] | Includes other loans |
Loans_Leases_And_The_Allowance7
Loans, Leases, And The Allowance For Loan And Lease Losses (Impaired Loans And Leases) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Impaired Financing Receivable, Recorded Investment | ' | ' |
Impaired loans, Recorded Investment, With no related allowance recorded | $13,004 | $6,694 |
Impaired loans, Recorded Investment, With a related allowance recorded | 6,483 | 6,898 |
Impaired loans, Recorded Investment, Total | 19,487 | 13,592 |
Impaired Financing Receivable, Unpaid Principal Balance | ' | ' |
Impaired loans, Unpaid Principal Balance, With no related allowance recorded | 13,702 | 7,189 |
Impaired loans, Unpaid Principal Balance, With a related allowance recorded | 6,580 | 7,326 |
Impaired loans, Unpaid Principal Balance, Total | 20,282 | 14,515 |
Impaired Financing Receivable Related Allowance | ' | ' |
Impaired loans, Related Allowance | 1,255 | 1,289 |
Impaired Financing Receivable, Average Recorded Investment | ' | ' |
Impaired loans, Average Recorded Investment, With no related allowance recorded | 12,844 | 7,181 |
Impaired loans, Average Recorded Investment, With a related allowance recorded | 6,601 | 7,471 |
Impaired loans, Average Recorded Investment, Total | 19,445 | 14,652 |
Impaired Financing Receivable, Interest Income Foregone | ' | ' |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | 425 | 292 |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | 46 | 244 |
Impaired Loans, Interest Income Foregone, Total | 471 | 536 |
Impaired Financing Receivable, Interest Income Recognized | ' | ' |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 101 | 126 |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | 200 | 140 |
Impaired Loans, Interest Income Recognized, Total | 301 | 266 |
Commercial And Industrial [Member] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' |
Impaired loans, Recorded Investment, With no related allowance recorded | 139 | 277 |
Impaired loans, Recorded Investment, With a related allowance recorded | 4,928 | 2,509 |
Impaired loans, Recorded Investment, Total | 5,067 | 2,786 |
Impaired Financing Receivable, Unpaid Principal Balance | ' | ' |
Impaired loans, Unpaid Principal Balance, With no related allowance recorded | 236 | 289 |
Impaired loans, Unpaid Principal Balance, With a related allowance recorded | 4,960 | 2,662 |
Impaired loans, Unpaid Principal Balance, Total | 5,196 | 2,951 |
Impaired Financing Receivable Related Allowance | ' | ' |
Impaired loans, Related Allowance | 1,012 | 747 |
Impaired Financing Receivable, Average Recorded Investment | ' | ' |
Impaired loans, Average Recorded Investment, With no related allowance recorded | 189 | 392 |
Impaired loans, Average Recorded Investment, With a related allowance recorded | 5,038 | 2,938 |
Impaired loans, Average Recorded Investment, Total | 5,227 | 3,330 |
Impaired Financing Receivable, Interest Income Foregone | ' | ' |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | 151 | 10 |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | 41 | 49 |
Impaired Loans, Interest Income Foregone, Total | 192 | 59 |
Impaired Financing Receivable, Interest Income Recognized | ' | ' |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 1 | 6 |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | 146 | 107 |
Impaired Loans, Interest Income Recognized, Total | 147 | 113 |
Residential Real Estate: Residential [Member] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' |
Impaired loans, Recorded Investment, With no related allowance recorded | 1,340 | 1,437 |
Impaired loans, Recorded Investment, With a related allowance recorded | ' | 6 |
Impaired loans, Recorded Investment, Total | 1,340 | 1,443 |
Impaired Financing Receivable, Unpaid Principal Balance | ' | ' |
Impaired loans, Unpaid Principal Balance, With no related allowance recorded | 1,533 | 1,558 |
Impaired loans, Unpaid Principal Balance, With a related allowance recorded | ' | 6 |
Impaired loans, Unpaid Principal Balance, Total | 1,533 | 1,564 |
Impaired Financing Receivable, Average Recorded Investment | ' | ' |
Impaired loans, Average Recorded Investment, With no related allowance recorded | 1,401 | 1,444 |
Impaired loans, Average Recorded Investment, With a related allowance recorded | ' | 6 |
Impaired loans, Average Recorded Investment, Total | 1,401 | 1,450 |
Impaired Financing Receivable, Interest Income Foregone | ' | ' |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | 4 | 56 |
Impaired Loans, Interest Income Foregone, Total | 4 | 56 |
Impaired Financing Receivable, Interest Income Recognized | ' | ' |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 3 | 12 |
Impaired Loans, Interest Income Recognized, Total | 3 | 12 |
Residential Real Estate: Construction [Member] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' |
Impaired loans, Recorded Investment, With no related allowance recorded | ' | ' |
Impaired loans, Recorded Investment, With a related allowance recorded | ' | ' |
Impaired loans, Recorded Investment, Total | ' | ' |
Impaired Financing Receivable, Unpaid Principal Balance | ' | ' |
Impaired loans, Unpaid Principal Balance, With no related allowance recorded | ' | ' |
Impaired loans, Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Impaired loans, Unpaid Principal Balance, Total | ' | ' |
Impaired Financing Receivable Related Allowance | ' | ' |
Impaired loans, Related Allowance | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | ' | ' |
Impaired loans, Average Recorded Investment, With no related allowance recorded | ' | ' |
Impaired loans, Average Recorded Investment, With a related allowance recorded | ' | ' |
Impaired loans, Average Recorded Investment, Total | ' | ' |
Impaired Financing Receivable, Interest Income Foregone | ' | ' |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | ' | ' |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | ' | ' |
Impaired Loans, Interest Income Foregone, Total | ' | ' |
Impaired Financing Receivable, Interest Income Recognized | ' | ' |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | ' | ' |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | ' | ' |
Impaired Loans, Interest Income Recognized, Total | ' | ' |
Commercial Real Estate: Commercial [Member] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' |
Impaired loans, Recorded Investment, With no related allowance recorded | 10,208 | 3,313 |
Impaired loans, Recorded Investment, With a related allowance recorded | 601 | 3,241 |
Impaired loans, Recorded Investment, Total | 10,809 | 6,554 |
Impaired Financing Receivable, Unpaid Principal Balance | ' | ' |
Impaired loans, Unpaid Principal Balance, With no related allowance recorded | 10,570 | 3,555 |
Impaired loans, Unpaid Principal Balance, With a related allowance recorded | 657 | 3,425 |
Impaired loans, Unpaid Principal Balance, Total | 11,227 | 6,980 |
Impaired Financing Receivable Related Allowance | ' | ' |
Impaired loans, Related Allowance | 70 | 471 |
Impaired Financing Receivable, Average Recorded Investment | ' | ' |
Impaired loans, Average Recorded Investment, With no related allowance recorded | 9,917 | 3,711 |
Impaired loans, Average Recorded Investment, With a related allowance recorded | 609 | 3,267 |
Impaired loans, Average Recorded Investment, Total | 10,526 | 6,978 |
Impaired Financing Receivable, Interest Income Foregone | ' | ' |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | 251 | 174 |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | 3 | 172 |
Impaired Loans, Interest Income Foregone, Total | 254 | 346 |
Impaired Financing Receivable, Interest Income Recognized | ' | ' |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 73 | 94 |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | 28 | 3 |
Impaired Loans, Interest Income Recognized, Total | 101 | 97 |
Commercial Real Estate: Construction [Member] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' |
Impaired loans, Recorded Investment, With no related allowance recorded | 741 | 729 |
Impaired loans, Recorded Investment, With a related allowance recorded | 934 | 934 |
Impaired loans, Recorded Investment, Total | 1,675 | 1,663 |
Impaired Financing Receivable, Unpaid Principal Balance | ' | ' |
Impaired loans, Unpaid Principal Balance, With no related allowance recorded | 741 | 814 |
Impaired loans, Unpaid Principal Balance, With a related allowance recorded | 934 | 934 |
Impaired loans, Unpaid Principal Balance, Total | 1,675 | 1,748 |
Impaired Financing Receivable Related Allowance | ' | ' |
Impaired loans, Related Allowance | 153 | 49 |
Impaired Financing Receivable, Average Recorded Investment | ' | ' |
Impaired loans, Average Recorded Investment, With no related allowance recorded | 743 | 778 |
Impaired loans, Average Recorded Investment, With a related allowance recorded | 934 | 934 |
Impaired loans, Average Recorded Investment, Total | 1,677 | 1,712 |
Impaired Financing Receivable, Interest Income Foregone | ' | ' |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | ' | 26 |
Impaired Loans, Interest Income Foregone, Total | ' | 26 |
Impaired Financing Receivable, Interest Income Recognized | ' | ' |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 19 | ' |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | 25 | 30 |
Impaired Loans, Interest Income Recognized, Total | 44 | 30 |
Home Equity Loans [Member] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' |
Impaired loans, Recorded Investment, With no related allowance recorded | 536 | 938 |
Impaired loans, Recorded Investment, With a related allowance recorded | ' | ' |
Impaired loans, Recorded Investment, Total | 536 | 938 |
Impaired Financing Receivable, Unpaid Principal Balance | ' | ' |
Impaired loans, Unpaid Principal Balance, With no related allowance recorded | 582 | 973 |
Impaired loans, Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Impaired loans, Unpaid Principal Balance, Total | 582 | 973 |
Impaired Financing Receivable Related Allowance | ' | ' |
Impaired loans, Related Allowance | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | ' | ' |
Impaired loans, Average Recorded Investment, With no related allowance recorded | 547 | 856 |
Impaired loans, Average Recorded Investment, With a related allowance recorded | ' | ' |
Impaired loans, Average Recorded Investment, Total | 547 | 856 |
Impaired Financing Receivable, Interest Income Foregone | ' | ' |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | 19 | 26 |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | ' | ' |
Impaired Loans, Interest Income Foregone, Total | 19 | 26 |
Impaired Financing Receivable, Interest Income Recognized | ' | ' |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 5 | 14 |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | ' | ' |
Impaired Loans, Interest Income Recognized, Total | 5 | 14 |
Direct Financing Leases [Member] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' |
Impaired loans, Recorded Investment, With no related allowance recorded | 40 | ' |
Impaired loans, Recorded Investment, With a related allowance recorded | ' | 164 |
Impaired loans, Recorded Investment, Total | 40 | 164 |
Impaired Financing Receivable, Unpaid Principal Balance | ' | ' |
Impaired loans, Unpaid Principal Balance, With no related allowance recorded | 40 | ' |
Impaired loans, Unpaid Principal Balance, With a related allowance recorded | ' | 178 |
Impaired loans, Unpaid Principal Balance, Total | 40 | 178 |
Impaired Financing Receivable Related Allowance | ' | ' |
Impaired loans, Related Allowance | ' | 13 |
Impaired Financing Receivable, Average Recorded Investment | ' | ' |
Impaired loans, Average Recorded Investment, With no related allowance recorded | 47 | ' |
Impaired loans, Average Recorded Investment, With a related allowance recorded | ' | 266 |
Impaired loans, Average Recorded Investment, Total | 47 | 266 |
Impaired Financing Receivable, Interest Income Foregone | ' | ' |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | ' | ' |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | ' | 14 |
Impaired Loans, Interest Income Foregone, Total | ' | 14 |
Impaired Financing Receivable, Interest Income Recognized | ' | ' |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | ' | ' |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | ' | ' |
Consumer Loans [Member] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' |
Impaired loans, Recorded Investment, With no related allowance recorded | ' | ' |
Impaired loans, Recorded Investment, With a related allowance recorded | 20 | 44 |
Impaired loans, Recorded Investment, Total | 20 | 44 |
Impaired Financing Receivable, Unpaid Principal Balance | ' | ' |
Impaired loans, Unpaid Principal Balance, With no related allowance recorded | ' | ' |
Impaired loans, Unpaid Principal Balance, With a related allowance recorded | 29 | 121 |
Impaired loans, Unpaid Principal Balance, Total | 29 | 121 |
Impaired Financing Receivable Related Allowance | ' | ' |
Impaired loans, Related Allowance | 20 | 9 |
Impaired Financing Receivable, Average Recorded Investment | ' | ' |
Impaired loans, Average Recorded Investment, With no related allowance recorded | ' | ' |
Impaired loans, Average Recorded Investment, With a related allowance recorded | 20 | 60 |
Impaired loans, Average Recorded Investment, Total | 20 | 60 |
Impaired Financing Receivable, Interest Income Foregone | ' | ' |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | ' | ' |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | 2 | 9 |
Impaired Loans, Interest Income Foregone, Total | 2 | 9 |
Impaired Financing Receivable, Interest Income Recognized | ' | ' |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | ' | ' |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | 1 | ' |
Impaired Loans, Interest Income Recognized, Total | 1 | ' |
Other [Member] | ' | ' |
Impaired Financing Receivable, Recorded Investment | ' | ' |
Impaired loans, Recorded Investment, With no related allowance recorded | ' | ' |
Impaired loans, Recorded Investment, With a related allowance recorded | ' | ' |
Impaired loans, Recorded Investment, Total | ' | ' |
Impaired Financing Receivable, Unpaid Principal Balance | ' | ' |
Impaired loans, Unpaid Principal Balance, With no related allowance recorded | ' | ' |
Impaired loans, Unpaid Principal Balance, With a related allowance recorded | ' | ' |
Impaired loans, Unpaid Principal Balance, Total | ' | ' |
Impaired Financing Receivable Related Allowance | ' | ' |
Impaired loans, Related Allowance | ' | ' |
Impaired Financing Receivable, Average Recorded Investment | ' | ' |
Impaired loans, Average Recorded Investment, With no related allowance recorded | ' | ' |
Impaired loans, Average Recorded Investment, With a related allowance recorded | ' | ' |
Impaired loans, Average Recorded Investment, Total | ' | ' |
Impaired Financing Receivable, Interest Income Foregone | ' | ' |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | ' | ' |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | ' | ' |
Impaired Loans, Interest Income Foregone, Total | ' | ' |
Impaired Financing Receivable, Interest Income Recognized | ' | ' |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | ' | ' |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | ' | ' |
Impaired Loans, Interest Income Recognized, Total | ' | ' |
Loans_Leases_And_The_Allowance8
Loans, Leases, And The Allowance For Loan And Lease Losses (Non-Accrual Loans And Leases And Loans And Lease 90 Days Or More Past Due) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable Non-performing Loans And Leases [Line Items] | ' | ' |
Total non-accruing loans and leases | $13,636 | $8,228 |
Accruing loans 90+ days past due | 675 | ' |
Total non-performing loans and leases | 14,311 | 8,228 |
Total non-performing loans and leases to total assets | 1.73% | 1.02% |
Total non-performing loans and leases to total loans and leases | 2.29% | 1.41% |
Commercial And Industrial [Member] | ' | ' |
Financing Receivable Non-performing Loans And Leases [Line Items] | ' | ' |
Total non-accruing loans and leases | 3,112 | 914 |
Residential Real Estate: Residential [Member] | ' | ' |
Financing Receivable Non-performing Loans And Leases [Line Items] | ' | ' |
Total non-accruing loans and leases | 766 | 1,443 |
Accruing loans 90+ days past due | 72 | ' |
Residential Real Estate: Construction [Member] | ' | ' |
Financing Receivable Non-performing Loans And Leases [Line Items] | ' | ' |
Total non-accruing loans and leases | ' | ' |
Commercial Real Estate: Commercial [Member] | ' | ' |
Financing Receivable Non-performing Loans And Leases [Line Items] | ' | ' |
Total non-accruing loans and leases | 9,141 | 4,309 |
Commercial Real Estate: Construction [Member] | ' | ' |
Financing Receivable Non-performing Loans And Leases [Line Items] | ' | ' |
Total non-accruing loans and leases | ' | 729 |
Accruing loans 90+ days past due | 603 | ' |
Home Equity Loans [Member] | ' | ' |
Financing Receivable Non-performing Loans And Leases [Line Items] | ' | ' |
Total non-accruing loans and leases | 536 | 618 |
Direct Financing Leases [Member] | ' | ' |
Financing Receivable Non-performing Loans And Leases [Line Items] | ' | ' |
Total non-accruing loans and leases | 61 | 171 |
Consumer Loans [Member] | ' | ' |
Financing Receivable Non-performing Loans And Leases [Line Items] | ' | ' |
Total non-accruing loans and leases | $20 | $44 |
Loans_Leases_And_The_Allowance9
Loans, Leases, And The Allowance For Loan And Lease Losses (Troubled Debt Restructured Loans And Leases) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Troubled Debt Restructured Loans And Leases [Line Items] | ' | ' |
Troubled restructured loans and leases, Total | $18,464 | $11,451 |
Troubled restructured loans and leases, Nonaccruing | 12,564 | 5,986 |
Troubled restructured loans and leases, Accruing | 5,900 | 5,465 |
Troubled restructured loans and leases, Related Allowance | 684 | 819 |
Commercial And Industrial [Member] | ' | ' |
Troubled Debt Restructured Loans And Leases [Line Items] | ' | ' |
Troubled restructured loans and leases, Total | 4,915 | 2,592 |
Troubled restructured loans and leases, Nonaccruing | 2,960 | 720 |
Troubled restructured loans and leases, Accruing | 1,955 | 1,872 |
Troubled restructured loans and leases, Related Allowance | 651 | 335 |
Residential Real Estate: Residential [Member] | ' | ' |
Troubled Debt Restructured Loans And Leases [Line Items] | ' | ' |
Troubled restructured loans and leases, Total | 1,036 | 509 |
Troubled restructured loans and leases, Nonaccruing | 461 | 509 |
Troubled restructured loans and leases, Accruing | 575 | ' |
Residential Real Estate: Construction [Member] | ' | ' |
Troubled Debt Restructured Loans And Leases [Line Items] | ' | ' |
Troubled restructured loans and leases, Total | ' | ' |
Troubled restructured loans and leases, Nonaccruing | ' | ' |
Troubled restructured loans and leases, Accruing | ' | ' |
Troubled restructured loans and leases, Related Allowance | ' | ' |
Commercial Real Estate: Commercial [Member] | ' | ' |
Troubled Debt Restructured Loans And Leases [Line Items] | ' | ' |
Troubled restructured loans and leases, Total | 10,605 | 6,203 |
Troubled restructured loans and leases, Nonaccruing | 8,937 | 3,958 |
Troubled restructured loans and leases, Accruing | 1,668 | 2,245 |
Troubled restructured loans and leases, Related Allowance | 33 | 471 |
Commercial Real Estate: Construction [Member] | ' | ' |
Troubled Debt Restructured Loans And Leases [Line Items] | ' | ' |
Troubled restructured loans and leases, Total | 1,675 | 1,663 |
Troubled restructured loans and leases, Nonaccruing | ' | 729 |
Troubled restructured loans and leases, Accruing | 1,675 | 934 |
Home Equity Loans [Member] | ' | ' |
Troubled Debt Restructured Loans And Leases [Line Items] | ' | ' |
Troubled restructured loans and leases, Total | 193 | 320 |
Troubled restructured loans and leases, Nonaccruing | 193 | ' |
Troubled restructured loans and leases, Accruing | ' | 320 |
Troubled restructured loans and leases, Related Allowance | ' | ' |
Direct Financing Leases [Member] | ' | ' |
Troubled Debt Restructured Loans And Leases [Line Items] | ' | ' |
Troubled restructured loans and leases, Total | 40 | 164 |
Troubled restructured loans and leases, Nonaccruing | 13 | 70 |
Troubled restructured loans and leases, Accruing | 27 | 94 |
Troubled restructured loans and leases, Related Allowance | ' | 13 |
Consumer Loans [Member] | ' | ' |
Troubled Debt Restructured Loans And Leases [Line Items] | ' | ' |
Troubled restructured loans and leases, Total | ' | ' |
Troubled restructured loans and leases, Nonaccruing | ' | ' |
Troubled restructured loans and leases, Accruing | ' | ' |
Troubled restructured loans and leases, Related Allowance | ' | ' |
Other [Member] | ' | ' |
Troubled Debt Restructured Loans And Leases [Line Items] | ' | ' |
Troubled restructured loans and leases, Total | ' | ' |
Troubled restructured loans and leases, Nonaccruing | ' | ' |
Troubled restructured loans and leases, Accruing | ' | ' |
Troubled restructured loans and leases, Related Allowance | ' | ' |
Recovered_Sheet1
Loans, Leases, And The Allowance For Loan And Lease Losses (Troubled Debt Restructurings Activity) (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 |
contract | contract | contract | contract | |
Commercial And Industrial [Member] | Deferral Of Principal [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 6 | ' | 6 | ' |
Pre-Modification Outstanding Recorded Investment | $2,400 | ' | $2,400 | ' |
Post-Modification Outstanding Recorded Investment | 2,400 | ' | 2,400 | ' |
Commercial And Industrial [Member] | Interest Rate Reduction [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | ' | 2 | 1 |
Pre-Modification Outstanding Recorded Investment | ' | ' | 330 | 249 |
Post-Modification Outstanding Recorded Investment | ' | ' | 330 | 249 |
Commercial And Industrial [Member] | Extension Of Maturity And Interest Rate Reduction [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | ' | 5 | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' | 361 | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | 361 | ' |
Commercial And Industrial [Member] | Combination Of Concessions [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 2 | 1 | 3 |
Pre-Modification Outstanding Recorded Investment | ' | 1,680 | 250 | 1,687 |
Post-Modification Outstanding Recorded Investment | ' | 1,680 | 250 | 1,687 |
Residential Real Estate And Construction [Member] | Rate Reduction [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 1 | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 475 | ' | 475 |
Post-Modification Outstanding Recorded Investment | ' | 475 | ' | 475 |
Residential Real Estate And Construction [Member] | Extension Of Maturity [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | ' | 4 | 1 |
Pre-Modification Outstanding Recorded Investment | ' | ' | 583 | 43 |
Post-Modification Outstanding Recorded Investment | ' | ' | 583 | 43 |
Commercial Real Estate And Construction [Member] | Deferral Of Principal [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 2 | 1 | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | 6,438 | 735 | 6,438 | 820 |
Post-Modification Outstanding Recorded Investment | 7,963 | 735 | 7,963 | 820 |
Commercial Real Estate And Construction [Member] | Extension Of Maturity [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 2 | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | ' | 1,194 | 739 | 1,194 |
Post-Modification Outstanding Recorded Investment | ' | 1,194 | 739 | 1,194 |
Commercial Real Estate And Construction [Member] | Extension Of Maturity And Rate Reduction [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | ' | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | ' | ' | 637 |
Post-Modification Outstanding Recorded Investment | ' | ' | ' | 637 |
Home Equity Loans [Member] | Extension Of Maturity And Rate Reduction [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 1 | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 136 | ' | 136 | ' |
Post-Modification Outstanding Recorded Investment | 136 | ' | 136 | ' |
Home Equity Loans [Member] | Term Out Line Of Credit [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 1 | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 57 | ' | 57 | ' |
Post-Modification Outstanding Recorded Investment | $57 | ' | $57 | ' |
Recovered_Sheet2
Loans, Leases, And The Allowance For Loan And Lease Losses (Troubled Debt Restructurings That Subsequently Defaulted) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | ||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Commercial And Industrial [Member] | Commercial And Industrial [Member] | Commercial And Industrial [Member] | Residential Real Estate: Residential [Member] | Residential Real Estate: Residential [Member] | Residential Real Estate: Residential [Member] | Residential Real Estate: Construction [Member] | Residential Real Estate: Construction [Member] | Commercial Real Estate: Commercial [Member] | Commercial Real Estate: Commercial [Member] | Commercial Real Estate: Construction [Member] | Commercial Real Estate: Construction [Member] | Commercial Real Estate: Construction [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Direct Financing Leases [Member] | Direct Financing Leases [Member] | Consumer Loans [Member] | Consumer Loans [Member] | Other [Member] | Other [Member] | |
contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | contract | |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Contracts | 2 | 8 | 4 | ' | 1 | 1 | ' | ' | 1 | 4 | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' |
Recorded investment of restructured contracts that subsequently defaulted | $57 | $239 | $876 | ' | $44 | $44 | ' | ' | $165 | $804 | ' | ' | $735 | ' | ' | ' | ' | ' | ' | ' | ' |
Per_Share_Data_Details
Per Share Data (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Per Share Data [Abstract] | ' | ' | ' | ' |
Potentially dilutive shares of common stock included in calculating diluted earnings per share | 51,920 | 24,321 | 42,164 | 13,436 |
Potential anti-dilutive shares | 35,089 | 71,234 | 45,487 | 161,596 |
Other_Comprehensive_Income_Sch
Other Comprehensive Income (Schedule of Accumulated Other Comprehensive Income (Loss)) (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 |
Beginning Balance | ($1,490) | $324 | $101 | $346 |
Net Change | -104 | 396 | -1,695 | 374 |
Ending Balance | -1,594 | 720 | -1,594 | 720 |
Net unrealized loss (gain) on investment securities [Member] | ' | ' | ' | ' |
Beginning Balance | 791 | 2,433 | 2,457 | 2,534 |
Net Change | -142 | 357 | -1,808 | 256 |
Ending Balance | 649 | 2,790 | 649 | 2,790 |
Net defined benefit pension plans adjustments [Member] | ' | ' | ' | ' |
Beginning Balance | -2,281 | -2,109 | -2,356 | -2,188 |
Net Change | 38 | 39 | 113 | 118 |
Ending Balance | ($2,243) | ($2,070) | ($2,243) | ($2,070) |
Other_Comprehensive_Income_Com
Other Comprehensive Income (Components Of Other Comprehensive Income) (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 | ||||
Unrealized loss on investment securities, Before-Tax Amount: | ' | ' | ' | ' | ||||
Unrealized gain (loss) on investment securities, Before-Tax Amount | ($231) | $582 | ($2,950) | $415 | ||||
Net change, Before-Tax Amount | -231 | 582 | -2,950 | 415 | ||||
Defined benefit pension plans adjustments, Before-Tax Amount: | ' | ' | ' | ' | ||||
Amortization of prior service cost, Before-Tax Amount | 17 | [1] | 21 | [1] | 52 | [1] | 65 | [1] |
Amortization of actuarial loss, Before-Tax Amount | 45 | [1] | 41 | [1] | 133 | [1] | 127 | [1] |
Net change, Before-Tax Amount | 62 | 62 | 185 | 192 | ||||
Other Comprehensive Loss, Before-Tax Amount | -169 | 644 | -2,765 | 607 | ||||
Unrealized loss on investment securities, Income Tax (Provision) Benefit: | ' | ' | ' | ' | ||||
Unrealized gain (loss) on investment securities, Income Tax (Provision) Benefit | 89 | -225 | 1,142 | -159 | ||||
Net change, Income Tax (Provision) Benefit | 89 | -225 | 1,142 | -159 | ||||
Defined benefit pension plans adjustments, Income Tax (Provision) Benefit: | ' | ' | ' | ' | ||||
Amortization of prior service cost, Income Tax (Provision) Benefit | -7 | [1] | -8 | [1] | -20 | [1] | -25 | [1] |
Amortization of actuarial loss, Income Tax (Provision) Benefit | -17 | [1] | -15 | [1] | -52 | [1] | -49 | [1] |
Net change, Income Tax (Provision) Benefit | -24 | -23 | -72 | -74 | ||||
Other Comprehensive Loss, Income Tax (Provision) Benefit | 65 | -248 | 1,070 | -233 | ||||
Unrealized loss on investment securities, Net-of-Tax Amount: | ' | ' | ' | ' | ||||
Unrealized gain (loss) on investment securities, Net-of-Tax Amount | -142 | 357 | -1,808 | 256 | ||||
Reclassification from accumulated other comprehensive income for gains (losses), Net-of-Tax Amount | ' | ' | ' | ' | ||||
Net change, Net-of-Tax Amount | -142 | 357 | -1,808 | 256 | ||||
Defined benefit pension plans adjustments, Net-of-Tax Amount: | ' | ' | ' | ' | ||||
Amortization of prior service cost, Net-of-Tax Amount | 10 | [1] | 13 | [1] | 32 | [1] | 40 | [1] |
Amortization of actuarial loss, Net-of-Tax Amount | 28 | [1] | 26 | [1] | 81 | [1] | 78 | [1] |
Net change, Net-of-Tax Amount | 38 | 39 | 113 | 118 | ||||
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX | ($104) | $396 | ($1,695) | $374 | ||||
[1] | Included in net periodic pension cost, as described in Note 9 - bNet Periodic Benefit Costsb |
Segment_Information_Business_S
Segment Information (Business Segment Information) (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 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest income (expense) | $7,174 | $6,945 | $21,003 | $20,678 |
Provision for loan and lease losses | 774 | 9 | 1,304 | 62 |
Net interest income (expense) after provision for loan and lease losses | 6,400 | 6,936 | 19,699 | 20,616 |
Non-interest income | 712 | 1,442 | 3,511 | 4,180 |
Insurance service and fees | 1,906 | 1,774 | 5,632 | 5,363 |
Non-interest expense | 7,348 | 7,356 | 21,682 | 21,588 |
Income before income taxes | 1,670 | 2,796 | 7,160 | 8,571 |
Income tax provision (benefit) | -780 | 660 | 971 | 2,562 |
Net income | 2,450 | 2,136 | 6,189 | 6,009 |
Banking Activities [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest income (expense) | 7,203 | 6,976 | 21,090 | 20,771 |
Provision for loan and lease losses | 774 | 9 | 1,304 | 62 |
Net interest income (expense) after provision for loan and lease losses | 6,429 | 6,967 | 19,786 | 20,709 |
Non-interest income | 712 | 1,442 | 3,511 | 4,180 |
Insurance service and fees | 151 | ' | 384 | ' |
Non-interest expense | 6,174 | 6,078 | 18,232 | 17,805 |
Income before income taxes | 1,118 | 2,331 | 5,449 | 7,084 |
Income tax provision (benefit) | -1,015 | 479 | 299 | 1,982 |
Net income | 2,133 | 1,852 | 5,150 | 5,102 |
Insurance Agency Activities [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net interest income (expense) | -29 | -31 | -87 | -93 |
Net interest income (expense) after provision for loan and lease losses | -29 | -31 | -87 | -93 |
Insurance service and fees | 1,755 | 1,774 | 5,248 | 5,363 |
Non-interest expense | 1,174 | 1,278 | 3,450 | 3,783 |
Income before income taxes | 552 | 465 | 1,711 | 1,487 |
Income tax provision (benefit) | 235 | 181 | 672 | 580 |
Net income | $317 | $284 | $1,039 | $907 |
Contingent_Liabilities_And_Com2
Contingent Liabilities And Commitments (Summary Of Commitments And Contingent Liabilities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Contingent Liabilities And Commitments [Abstract] | ' | ' |
Commitments to extend credit | $222,959 | $135,028 |
Standby letters of credit | 2,626 | 8,042 |
Commitments and contingent liabilities | $225,585 | $143,070 |
Net_Periodic_Benefit_Costs_Nar
Net Periodic Benefit Costs (Narrative) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Net Periodic Benefit Costs [Abstract] | ' | ' |
Cash contributed to pension plan | $185 | $340 |
Estimated contribution to pension plan in current fiscal year | $45 | ' |
Net_Periodic_Benefit_Costs_Sch
Net Periodic Benefit Costs (Schedule Of Net Periodic Benefit Costs) (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 |
Pension Benefits [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Interest cost | $47 | $54 | $143 | $160 |
Expected return on plan assets | -65 | -57 | -195 | -170 |
Amortization of the net loss | 17 | 16 | 50 | 47 |
Net periodic cost (benefit ) | -1 | 13 | -2 | 37 |
Supplemental Executive Retirement Plans [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | 42 | 45 | 124 | 135 |
Interest cost | 32 | 39 | 94 | 116 |
Amortization of prior service cost | 17 | 22 | 52 | 65 |
Amortization of the net loss | 28 | 27 | 83 | 81 |
Net periodic cost (benefit ) | $119 | $133 | $353 | $397 |