Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 01, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'CSB BANCORP INC /OH | ' |
Entity Central Index Key | '0000880417 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 2,736,634 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Cash and cash equivalents | ' | ' |
Cash and due from banks | $16,683 | $21,485 |
Interest-earning deposits in other banks | 31,437 | 45,393 |
Federal funds sold | 499 | ' |
Total cash and cash equivalents | 48,619 | 66,878 |
Securities | ' | ' |
Available-for-sale securities | 102,453 | 129,291 |
Held-to-maturity securities | 36,808 | ' |
Restricted stock, at cost | 5,463 | 5,463 |
Total securities | 144,724 | 134,754 |
Loans held for sale | 70 | ' |
Loans | 377,434 | 364,580 |
Less allowance for loan losses | 5,077 | 4,580 |
Net loans | 372,357 | 360,000 |
Premises and equipment, net | 8,550 | 8,475 |
Core deposit intangible | 793 | 894 |
Goodwill | 4,728 | 4,728 |
Bank-owned life insurance | 9,486 | 8,298 |
Accrued interest receivable and other assets | 4,568 | 2,873 |
TOTAL ASSETS | 593,895 | 586,900 |
Deposits | ' | ' |
Noninterest-bearing | 117,925 | 104,147 |
Interest-bearing | 362,936 | 371,296 |
Total deposits | 480,861 | 475,443 |
Short-term borrowings | 46,044 | 43,992 |
Other borrowings | 12,511 | 12,672 |
Accrued interest payable and other liabilities | 2,330 | 2,340 |
Total liabilities | 541,746 | 534,447 |
SHAREHOLDERS' EQUITY | ' | ' |
Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,980,602 shares; shares outstanding 2,736,634 in 2013 and 2,736,060 in 2012 | 18,629 | 18,629 |
Additional paid-in capital | 9,964 | 9,974 |
Retained earnings | 29,501 | 26,962 |
Treasury stock at cost - 243,968 in 2013 and 244,542 shares in 2012 | -4,958 | -4,976 |
Accumulated other comprehensive (loss) income | -987 | 1,864 |
Total shareholders' equity | 52,149 | 52,453 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $593,895 | $586,900 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Statement Of Financial Position [Abstract] | ' | ' |
Common stock, par value | $6.25 | $6.25 |
Common stock, Authorized shares | 9,000,000 | 9,000,000 |
Common stock, shares issued | 2,980,602 | 2,980,602 |
Common stock, shares outstanding | 2,736,634 | 2,736,060 |
Treasury stock, at cost | 243,968 | 244,542 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
INTEREST AND DIVIDEND INCOME | ' | ' | ' | ' |
Loans, including fees | $4,413 | $4,357 | $13,421 | $12,881 |
Taxable securities | 669 | 638 | 1,835 | 2,074 |
Nontaxable securities | 130 | 120 | 385 | 363 |
Other | 23 | 32 | 67 | 112 |
Total interest and dividend income | 5,235 | 5,147 | 15,708 | 15,430 |
INTEREST EXPENSE | ' | ' | ' | ' |
Deposits | 423 | 559 | 1,346 | 1,789 |
Short-term borrowings | 18 | 22 | 50 | 71 |
Other borrowings | 117 | 140 | 351 | 434 |
Total interest expense | 558 | 721 | 1,747 | 2,294 |
NET INTEREST INCOME | 4,677 | 4,426 | 13,961 | 13,136 |
PROVISION FOR LOAN LOSSES | 210 | 206 | 630 | 617 |
Net interest income, after provision for loan losses | 4,467 | 4,220 | 13,331 | 12,519 |
NONINTEREST INCOME | ' | ' | ' | ' |
Service charges on deposit accounts | 353 | 345 | 1,001 | 971 |
Trust services | 201 | 175 | 641 | 503 |
Debit card interchange fees | 198 | 195 | 566 | 590 |
Gain on sale of loans, net | 67 | 169 | 283 | 362 |
Securities gain, net | 149 | ' | 159 | ' |
Other | 222 | 189 | 644 | 629 |
Total noninterest income | 1,190 | 1,073 | 3,294 | 3,055 |
NONINTEREST EXPENSES | ' | ' | ' | ' |
Salaries and employee benefits | 2,028 | 1,985 | 6,119 | 5,909 |
Occupancy expense | 245 | 280 | 758 | 767 |
Equipment expense | 182 | 154 | 525 | 448 |
Professional and director fees | 174 | 172 | 465 | 621 |
Franchise tax expense | 147 | 138 | 440 | 415 |
FDIC insurance expense | 90 | 83 | 262 | 238 |
Software expense | 133 | 94 | 365 | 275 |
Marketing and public relations | 89 | 83 | 274 | 235 |
Debit card expense | 62 | 82 | 175 | 230 |
Amortization of intangible assets | 34 | 37 | 101 | 103 |
Net cost of operation of other real estate | ' | ' | 9 | 8 |
Other | 450 | 420 | 1,363 | 1,383 |
Total noninterest expenses | 3,634 | 3,528 | 10,856 | 10,632 |
Income before income taxes | 2,023 | 1,765 | 5,769 | 4,942 |
FEDERAL INCOME TAX PROVISION | 616 | 534 | 1,753 | 1,515 |
NET INCOME | $1,407 | $1,231 | $4,016 | $3,427 |
Basic and diluted net earnings per share | $0.52 | $0.45 | $1.47 | $1.25 |
Consolidated_Statements_of_Com
Consolidated Statements of 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 |
Amounts Reclassified Out Of Accumulated Other Comprehensive Income Loss [Abstract] | ' | ' | ' | ' |
Net income | $1,407 | $1,231 | $4,016 | $3,427 |
Other comprehensive (loss) income | ' | ' | ' | ' |
Unrealized (losses) gains arising during the period | 1,644 | 282 | -2,428 | 1,093 |
Unrealized (losses) on held to maturity transfer | -1,733 | ' | -1,733 | ' |
Reclassification adjustment for gains included in income | -149 | ' | -159 | ' |
Net unrealized (losses) gains | -238 | 282 | -4,320 | 1,093 |
Income tax effect | 81 | -96 | 1,469 | -372 |
Other comprehensive (loss) income | -157 | 186 | -2,851 | 721 |
Total comprehensive income | $1,250 | $1,417 | $1,165 | $4,148 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Changes in Shareholders' Equity (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Stockholders Equity [Abstract] | ' | ' | ' | ' |
Balance at beginning of period | $51,391 | $51,176 | $52,453 | $49,429 |
Net income | 1,407 | 1,231 | 4,016 | 3,427 |
Other comprehensive (loss) income | -157 | 186 | -2,851 | 721 |
Stock options exercised, 574 shares | ' | ' | 8 | ' |
Cash dividends declared | -492 | -492 | -1,477 | -1,476 |
Balance at end of period | $52,149 | $52,101 | $52,149 | $52,101 |
Cash dividends declared per share | $0.18 | $0.18 | $0.54 | $0.54 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Statement Of Stockholders Equity [Abstract] | ' | ' | ' | ' |
Stock options exercised | 574 | 574 | 574 | 574 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Cash Flows [Abstract] | ' | ' |
NET CASH FROM OPERATING ACTIVITIES | $4,912 | $4,388 |
Securities: | ' | ' |
Proceeds from repayments held-to-maturity | 572 | ' |
Proceeds from maturities and repayments available-for-sale | 27,560 | 54,051 |
Purchases available-for-sale | -46,941 | -65,222 |
Proceeds from sale of securities available-for-sale | 4,309 | ' |
Loan originations, net of repayments | -12,946 | -28,702 |
Proceeds from sale of other real estate | 18 | 26 |
Property, equipment, and software acquisitions | -1,127 | -503 |
Purchase of bank-owned life insurance | -1,000 | -5,000 |
Net cash used in investing activities | -29,555 | -45,350 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Net change in deposits | 5,470 | 10,849 |
Net change in short-term borrowings | 2,052 | 5,938 |
Repayments of other borrowings | -161 | -2,423 |
Cash dividends | -985 | -985 |
Proceeds from stock options exercised | 8 | ' |
Net cash provided by financing activities | 6,384 | 13,379 |
NET DECREASE IN CASH AND CASH EQUIVALENTS | -18,259 | -27,583 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 66,878 | 82,258 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 48,619 | 54,675 |
Cash paid during the year for: | ' | ' |
Interest | 1,814 | 2,426 |
Income taxes | 1,585 | 1,170 |
Noncash investing activities: | ' | ' |
Transfer of securities from available-for-sale to held-to-maturity | 38,930 | ' |
Transfer of loans to other real estate owned | ' | 56 |
Noncash financing activities: | ' | ' |
Dividends declared | $492 | $492 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
The accompanying condensed consolidated financial statements include the accounts of CSB Bancorp, Inc. and its wholly-owned subsidiaries, The Commercial and Savings Bank (the “Bank”) and CSB Investment Services, LLC (together referred to as the “Company” or “CSB”). All significant intercompany transactions and balances have been eliminated in consolidation. | |
The condensed consolidated financial statements have been prepared without audit. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present fairly the Company’s financial position at September 30, 2013, and the results of operations and changes in cash flows for the periods presented have been made. | |
Certain information and footnote disclosures typically included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been omitted. The Annual Report for CSB for the year ended December 31, 2012, contains Consolidated Financial Statements and related footnote disclosures, which should be read in conjunction with the accompanying Consolidated Financial Statements. The results of operations for the period ended September 30, 2013 are not necessarily indicative of the operating results for the full year or any future interim period. | |
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS | |
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This Update requires that companies present either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and the income statement line items affected by the reclassification. The new requirements will take effect for public companies in fiscal years, and interim periods within those years, beginning after December 15, 2012. The Company adopted this ASU on January 1, 2013. The effect of adopting this ASU increased our disclosure surrounding reclassification items out of accumulated other comprehensive income. | |
In July 2013, the FASB issued ASU 2013-10, Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes. The amendments in this Update permit the Fed Funds Effective Swap Rate (OIS) to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to UST and LIBOR. The amendments also remove the restriction on using different benchmark rates for similar hedges. The amendments are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. This ASU did not have a significant impact on the Company’s financial statements. | |
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. For nonpublic entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. | |
Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. This ASU is not expected to have a significant impact on the Company’s financial statements. |
Securities
Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||
NOTE 2 – SECURITIES | |||||||||||||||||||||||||
Securities consist of the following at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross | Gross | Fair value | |||||||||||||||||||||
cost | unrealized | unrealized | |||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 1,005 | $ | — | $ | 9 | $ | 996 | |||||||||||||||||
U.S. government agencies | 23,998 | 10 | 590 | 23,418 | |||||||||||||||||||||
Mortgage-backed securities | 51,563 | 696 | 175 | 52,084 | |||||||||||||||||||||
Asset-backed securities | 2,764 | 22 | — | 2,786 | |||||||||||||||||||||
States and political subdivisions | 18,280 | 378 | 136 | 18,522 | |||||||||||||||||||||
Corporate bonds | 4,500 | 29 | 3 | 4,526 | |||||||||||||||||||||
Equity securities | 106 | 16 | 1 | 121 | |||||||||||||||||||||
Total available-for-sale securities | 102,216 | 1,151 | 914 | 102,453 | |||||||||||||||||||||
Held-to-maturity securities | |||||||||||||||||||||||||
U.S. government agencies | 15,169 | — | 583 | 14,586 | |||||||||||||||||||||
Mortgage-backed securities | 21,639 | — | 535 | 21,104 | |||||||||||||||||||||
Total held-to-maturity securities | 36,808 | — | 1,118 | 35,690 | |||||||||||||||||||||
Restricted stock | 5,463 | — | — | 5,463 | |||||||||||||||||||||
Total securities | $ | 144,487 | $ | 1,151 | $ | 2,032 | $ | 143,606 | |||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 100 | $ | — | $ | — | $ | 100 | |||||||||||||||||
U.S. government agencies | 35,996 | 27 | 43 | 35,980 | |||||||||||||||||||||
Mortgage-backed securities | 66,933 | 2,107 | 1 | 69,039 | |||||||||||||||||||||
Asset-backed securities | 2,862 | — | 39 | 2,823 | |||||||||||||||||||||
States and political subdivisions | 16,194 | 701 | 12 | 16,883 | |||||||||||||||||||||
Corporate bonds | 4,313 | 112 | 28 | 4,397 | |||||||||||||||||||||
Equity securities | 69 | 9 | 9 | 69 | |||||||||||||||||||||
Total available-for-sale securities | 126,467 | 2,956 | 132 | 129,291 | |||||||||||||||||||||
Restricted stock | 5,463 | — | — | 5,463 | |||||||||||||||||||||
Total securities | $ | 131,930 | $ | 2,956 | $ | 132 | $ | 134,754 | |||||||||||||||||
As of July 31, 2013, approximately $39 million par value U.S. government agency and U.S. agency mortgage-backed securities were transferred from Available for sale to Held to maturity. These bonds carried gross unrealized losses of $1.9 million at the transfer date. The bonds were transferred to provide stability to the other comprehensive income component in shareholders’ equity should interest rates continue to rise and to accurately reflect the strategic purpose of these investments. | |||||||||||||||||||||||||
The amortized cost and fair value of debt securities at September 30, 2013, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Fair | |||||||||||||||||||||||
cost | value | ||||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 279 | $ | 280 | |||||||||||||||||||||
Due after one through five years | 16,589 | 16,812 | |||||||||||||||||||||||
Due after five through ten years | 26,318 | 25,955 | |||||||||||||||||||||||
Due after ten years | 58,924 | 59,285 | |||||||||||||||||||||||
Total debt securities available-for-sale | $ | 102,110 | $ | 102,332 | |||||||||||||||||||||
Held-to-maturity: | |||||||||||||||||||||||||
Due in one year or less | $ | — | $ | — | |||||||||||||||||||||
Due after one through five years | — | — | |||||||||||||||||||||||
Due after five through ten years | 3,710 | 3,655 | |||||||||||||||||||||||
Due after ten years | 33,098 | 32,035 | |||||||||||||||||||||||
Total debt securities held-to-maturity | $ | 36,808 | $ | 35,690 | |||||||||||||||||||||
Securities with a carrying value of approximately $89.5 million and $79.2 million were pledged at September 30, 2013 and December 31, 2012, respectively, to secure public deposits, as well as other deposits and borrowings as required or permitted by law. | |||||||||||||||||||||||||
Restricted stock primarily consists of investments in FHLB and Federal Reserve Bank stock. The Bank’s investment in FHLB stock amounted to approximately $5.0 million at September 30, 2013 and December 31, 2012. Federal Reserve Bank stock was $471 thousand at September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||
The following table shows the proceeds from sales of available-for-sale securities and the gross realized gains and losses on the sales of those securities that have been included in earnings as a result of the sales. | |||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Proceeds | $ | 3,809 | $ | — | $ | 4,309 | $ | — | |||||||||||||||||
Realized gains | $ | 149 | $ | — | $ | 159 | $ | — | |||||||||||||||||
Realized losses | — | — | — | — | |||||||||||||||||||||
Net securities gains | $ | 149 | $ | — | $ | 159 | $ | — | |||||||||||||||||
The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||
Securities in a continuous unrealized loss position | |||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||
(Dollars in thousands) | Gross | Fair | Gross | Fair | Gross | Fair | |||||||||||||||||||
unrealized | value | unrealized | value | unrealized | value | ||||||||||||||||||||
losses | losses | losses | |||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
Available-for-sale | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 9 | $ | 996 | $ | — | $ | — | $ | 9 | $ | 996 | |||||||||||||
U.S. Government agencies | 590 | 19,408 | — | — | 590 | 19,408 | |||||||||||||||||||
Mortgage-backed securities | 175 | 22,096 | — | — | 175 | 22,096 | |||||||||||||||||||
State and political subdivisions | 134 | 3,599 | 2 | 301 | 136 | 3,900 | |||||||||||||||||||
Corporate bonds | 2 | 573 | 1 | 499 | 3 | 1,072 | |||||||||||||||||||
Equity securities | — | — | 1 | 1 | 1 | 1 | |||||||||||||||||||
Held-to-maturity | |||||||||||||||||||||||||
U.S. Government agencies | 583 | 14,586 | — | — | 583 | 14,586 | |||||||||||||||||||
Mortgage-backed securities | 535 | 21,103 | — | — | 535 | 21,103 | |||||||||||||||||||
Total temporarily impaired securities | $ | 2,028 | $ | 82,361 | $ | 4 | $ | 801 | $ | 2,032 | $ | 83,162 | |||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Available-for-sale | |||||||||||||||||||||||||
U.S. Government agencies | $ | 43 | $ | 15,957 | $ | — | $ | — | $ | 43 | $ | 15,957 | |||||||||||||
Mortgage-backed securities | 1 | 344 | — | — | 1 | 344 | |||||||||||||||||||
Asset-backed securities | 39 | 1,833 | — | — | 39 | 1,833 | |||||||||||||||||||
State and political subdivisions | 12 | 1,737 | — | — | 12 | 1,737 | |||||||||||||||||||
Corporate bonds | 4 | 366 | 24 | 975 | 28 | 1,341 | |||||||||||||||||||
Equity securities | — | — | 9 | 45 | 9 | 45 | |||||||||||||||||||
Total temporarily impaired securities | $ | 99 | $ | 20,237 | $ | 33 | $ | 1,020 | $ | 132 | $ | 21,257 | |||||||||||||
There were sixty-eight (68) securities in an unrealized loss position at September 30, 2013, three (3) of which were in a continuous loss position for twelve months or more. At least quarterly, the Company conducts a comprehensive security-level impairment assessment. The assessments are based on the nature of the securities, the extent and duration of the securities in an unrealized loss position, the extent and duration of the loss and management’s intent to sell or if it is more likely than not that management will be required to sell a security before recovery of its amortized cost basis, which may be maturity. Management believes the Company will fully recover the cost of these securities. It does not intend to sell these securities and likely will not be required to sell them before the anticipated recovery of the remaining amortized cost basis, which may be maturity. As a result, management concluded that these securities were not other-than-temporarily impaired at September 30, 2013. |
LOANS
LOANS | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
LOANS | ' | ||||||||||||||||||||||||||||
NOTE 3 – LOANS | |||||||||||||||||||||||||||||
Loans consist of the following: | |||||||||||||||||||||||||||||
(Dollars in thousands) | September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||
Commercial | $ | 116,190 | $ | 104,899 | |||||||||||||||||||||||||
Commercial real estate | 126,423 | 119,192 | |||||||||||||||||||||||||||
Residential real estate | 112,819 | 110,412 | |||||||||||||||||||||||||||
Construction & land development | 14,904 | 23,358 | |||||||||||||||||||||||||||
Consumer | 6,838 | 6,480 | |||||||||||||||||||||||||||
Total loans before deferred costs | 377,174 | 364,341 | |||||||||||||||||||||||||||
Deferred loan costs | 260 | 239 | |||||||||||||||||||||||||||
Total Loans | $ | 377,434 | $ | 364,580 | |||||||||||||||||||||||||
Loan Origination/Risk Management | |||||||||||||||||||||||||||||
The Company has certain lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit, loan delinquencies and non-performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions. | |||||||||||||||||||||||||||||
Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Underwriting standards are designed to promote relationship banking rather than transactional banking. The Company’s management examines current and occasionally projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. | |||||||||||||||||||||||||||||
Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type. This diversity helps reduce the Company’s exposure to adverse economic events that affect any single industry. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. At September 30, 2013 and December 31, 2012, approximately 80% and 81%, respectively of the outstanding principal balance of the Company’s commercial real estate loans were secured by owner-occupied properties. | |||||||||||||||||||||||||||||
With respect to loans to developers and builders that are secured by non-owner occupied properties, the Company generally requires the borrower to have had an existing relationship with the Company and have a proven record of success. Construction and land development loans are underwritten utilizing independent appraisal reviews, sensitivity analysis of absorption and lease rates and financial analysis of the developers and property owners. Construction and land development loans are generally based upon estimates of costs and value associated with the completed project. These estimates may be inaccurate. | |||||||||||||||||||||||||||||
Construction and land development loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risk than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing. | |||||||||||||||||||||||||||||
The Company originates consumer loans utilizing a judgmental underwriting process. To monitor and manage consumer loan risk, policies and procedures are developed and modified, as needed, jointly by line and staff personnel. This activity, coupled with relatively small loan amounts that are spread across many individual borrowers, minimizes risk. | |||||||||||||||||||||||||||||
The Company maintains an independent loan review department that reviews and validates the credit risk program on a periodic basis. Results of these reviews are presented to management. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company’s policies and procedures. | |||||||||||||||||||||||||||||
Loans serviced for others approximated $59.0 million and $60.2 million at September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||||||||||
Concentrations of Credit | |||||||||||||||||||||||||||||
Nearly all of the Company’s lending activity occurs within the state of Ohio, including the four (4) counties of Holmes, Stark, Tuscarawas and Wayne, as well as other markets. The majority of the Company’s loan portfolio consists of commercial and industrial and commercial real estate loans. As of September 30, 2013 and December 31, 2012, there were no concentrations of loans related to any single industry. | |||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
The following table details activity in the allowance for loan losses by portfolio segment for the three and nine month periods ended September 30, 2013 and 2012. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. The increase in the provision for possible loan losses related to commercial loans was affected by a qualitative adjustment for loans rated special mention, as well as changes in volume and credit quality of loans in this category. The provision for possible loan losses related to residential real estate increased during third quarter 2013 as a result of a increase in non performing loans within this category. | |||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
Three months ended September 30, 2013 | |||||||||||||||||||||||||||||
Beginning balance, June 30, 2013 | $ | 1,316 | $ | 1,815 | $ | 1,174 | $ | 162 | $ | 144 | $ | 334 | $ | 4,945 | |||||||||||||||
Provision for possible loan losses | 27 | (5 | ) | 95 | 18 | (48 | ) | 123 | 210 | ||||||||||||||||||||
Charge-offs | (54 | ) | — | (28 | ) | — | (9 | ) | (91 | ) | |||||||||||||||||||
Recoveries | 5 | — | 3 | — | 5 | 13 | |||||||||||||||||||||||
Net charge-offs | (49 | ) | — | (25 | ) | — | (4 | ) | (78 | ) | |||||||||||||||||||
Ending balance | $ | 1,294 | $ | 1,810 | $ | 1,244 | $ | 180 | $ | 92 | $ | 457 | $ | 5,077 | |||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
Nine months ended September 30, 2013 | |||||||||||||||||||||||||||||
Beginning balance, December 31, 2012 | $ | 933 | $ | 1,902 | $ | 1,096 | $ | 253 | $ | 76 | $ | 320 | $ | 4,580 | |||||||||||||||
Provision for possible loan losses | 455 | (41 | ) | 162 | (73 | ) | (10 | ) | 137 | 630 | |||||||||||||||||||
Charge-offs | (112 | ) | (51 | ) | (28 | ) | — | (11 | ) | (202 | ) | ||||||||||||||||||
Recoveries | 18 | — | 14 | — | 37 | 69 | |||||||||||||||||||||||
Net charge-offs | (94 | ) | (51 | ) | (14 | ) | — | 26 | (133 | ) | |||||||||||||||||||
Ending balance | $ | 1,294 | $ | 1,810 | $ | 1,244 | $ | 180 | $ | 92 | $ | 457 | $ | 5,077 | |||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
Three months ended September 30, 2012 | |||||||||||||||||||||||||||||
Beginning balance, June 30, 2012 | $ | 896 | $ | 1,927 | $ | 1,051 | $ | 217 | $ | 64 | $ | 316 | $ | 4,471 | |||||||||||||||
Provision for possible loan losses | 94 | 108 | (45 | ) | 85 | 46 | (82 | ) | 206 | ||||||||||||||||||||
Charge-offs | — | — | — | — | (39 | ) | (39 | ) | |||||||||||||||||||||
Recoveries | 2 | — | 10 | — | 11 | 23 | |||||||||||||||||||||||
Net charge-offs | 2 | — | 10 | — | (28 | ) | (16 | ) | |||||||||||||||||||||
Ending balance | $ | 992 | $ | 2,035 | $ | 1,016 | $ | 302 | $ | 82 | $ | 234 | $ | 4,661 | |||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
Nine months ended September 30, 2012 | |||||||||||||||||||||||||||||
Beginning balance, December 31, 2011 | $ | 1,024 | $ | 1,673 | $ | 894 | $ | 180 | $ | 78 | $ | 233 | $ | 4,082 | |||||||||||||||
Provision for possible loan losses | (33 | ) | 376 | 127 | 122 | 24 | 1 | 617 | |||||||||||||||||||||
Charge-offs | (15 | ) | (14 | ) | (104 | ) | — | (70 | ) | — | (203 | ) | |||||||||||||||||
Recoveries | 16 | — | 99 | — | 50 | — | 165 | ||||||||||||||||||||||
Net charge-offs | 1 | (14 | ) | (5 | ) | — | (20 | ) | — | (38 | ) | ||||||||||||||||||
Ending balance | $ | 992 | $ | 2,035 | $ | 1,016 | $ | 302 | $ | 82 | $ | 234 | $ | 4,661 | |||||||||||||||
The following table presents the balance in the allowance for loan losses and the ending loan balances by portfolio segment and based on the impairment method as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending allowance balances attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 185 | $ | 442 | $ | 292 | $ | — | $ | — | $ | — | $ | 919 | |||||||||||||||
Collectively evaluated for impairment | 1,109 | 1,368 | 952 | 180 | 92 | 457 | 4,158 | ||||||||||||||||||||||
Total ending allowance balance | $ | 1,294 | $ | 1,810 | $ | 1,244 | $ | 180 | $ | 92 | $ | 457 | $ | 5,077 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 3,898 | $ | 3,460 | $ | 1,832 | $ | — | $ | — | $ | 9,190 | |||||||||||||||||
Loans collectively evaluated for impairment | 112,292 | 122,963 | 110,987 | 14,904 | 6,838 | 367,984 | |||||||||||||||||||||||
Total ending loans balance | $ | 116,190 | $ | 126,423 | $ | 112,819 | $ | 14,904 | $ | 6,838 | $ | 377,174 | |||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending allowance balances attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 85 | $ | 522 | $ | 172 | $ | — | $ | — | $ | — | $ | 779 | |||||||||||||||
Collectively evaluated for impairment | 848 | 1,380 | 924 | 253 | 76 | 320 | 3,801 | ||||||||||||||||||||||
Total ending allowance balance | $ | 933 | $ | 1,902 | $ | 1,096 | $ | 253 | $ | 76 | $ | 320 | $ | 4,580 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 4,315 | $ | 4,573 | $ | 1,137 | $ | 166 | $ | — | $ | 10,191 | |||||||||||||||||
Loans collectively evaluated for impairment | 100,584 | 114,619 | 109,275 | 23,192 | 6,480 | 354,150 | |||||||||||||||||||||||
Total ending loans balance | $ | 104,899 | $ | 119,192 | $ | 110,412 | $ | 23,358 | $ | 6,480 | $ | 364,341 | |||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Unpaid | Recorded | Recorded | Total | Related | Average | Interest | ||||||||||||||||||||||
Principal | Investment | Investment | Recorded | Allowance | Recorded | Income | |||||||||||||||||||||||
Balance | with no | with | Investment | Investment | Recognized | ||||||||||||||||||||||||
Allowance | Allowance | ||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | $ | 3,913 | $ | 7 | $ | 3,902 | $ | 3,909 | $ | 185 | $ | 3,917 | $ | 126 | |||||||||||||||
Commercial real estate | 3,767 | 306 | 3,155 | 3,461 | 442 | 3,730 | 125 | ||||||||||||||||||||||
Residential real estate | 1,942 | 583 | 1,237 | 1,820 | 292 | 1,270 | 29 | ||||||||||||||||||||||
Construction & land development | — | — | — | — | — | 28 | 2 | ||||||||||||||||||||||
Total impaired loans | $ | 9,622 | $ | 896 | $ | 8,294 | $ | 9,190 | $ | 919 | $ | 8,945 | $ | 282 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | $ | 4,315 | $ | — | $ | 4,329 | $ | 4,329 | $ | 85 | $ | 4,123 | $ | 167 | |||||||||||||||
Commercial real estate | 4,906 | 1,723 | 2,849 | 4,572 | 522 | 4,396 | 152 | ||||||||||||||||||||||
Residential real estate | 1,223 | 86 | 1,057 | 1,143 | 172 | 770 | 18 | ||||||||||||||||||||||
Construction & land development | 173 | 166 | — | 166 | — | 167 | — | ||||||||||||||||||||||
Total impaired loans | $ | 10,617 | $ | 1,975 | $ | 8,235 | $ | 10,210 | $ | 779 | $ | 9,456 | $ | 337 | |||||||||||||||
The following table presents the aging of past due loans and nonaccrual loans as of September 30, 2013 and December 31, 2012 by class of loans: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Current | 30 - 59 | 60 - 89 | 90 Days + | Non-Accrual | Total Past | Total Loans | ||||||||||||||||||||||
Days Past | Days Past | Past Due | Due and | ||||||||||||||||||||||||||
Due | Due | Non- | |||||||||||||||||||||||||||
Accrual | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | $ | 115,714 | $ | 405 | $ | — | $ | — | $ | 71 | $ | 476 | $ | 116,190 | |||||||||||||||
Commercial real estate | 124,753 | 271 | 216 | — | 1,183 | 1,670 | 126,423 | ||||||||||||||||||||||
Residential real estate | 110,681 | 767 | 257 | 36 | 1,078 | 2,138 | 112,819 | ||||||||||||||||||||||
Construction & land development | 13,954 | 950 | — | — | — | 950 | 14,904 | ||||||||||||||||||||||
Consumer | 6,616 | 137 | 85 | — | — | 222 | 6,838 | ||||||||||||||||||||||
Total Loans | $ | 371,718 | $ | 2,530 | $ | 558 | $ | 36 | $ | 2,332 | $ | 5,456 | $ | 377,174 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | $ | 104,348 | $ | 60 | $ | 8 | $ | — | $ | 483 | $ | 551 | $ | 104,899 | |||||||||||||||
Commercial real estate | 117,372 | 41 | 34 | — | 1,745 | 1,820 | 119,192 | ||||||||||||||||||||||
Residential real estate | 108,574 | 472 | 430 | 131 | 805 | 1,838 | 110,412 | ||||||||||||||||||||||
Construction & land development | 23,180 | — | 5 | — | 173 | 178 | 23,358 | ||||||||||||||||||||||
Consumer | 6,325 | 132 | 23 | — | — | 155 | 6,480 | ||||||||||||||||||||||
Total Loans | $ | 359,799 | $ | 705 | $ | 500 | $ | 131 | $ | 3,206 | $ | 4,542 | $ | 364,341 | |||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
All troubled debt restructurings (“TDR’s) are individually evaluated for impairment and a related allowance is recorded, as needed. Loans whose terms have been modified as TDR’s totaled $8.2 million as of September 30, 2013, and $8.7 million as of December 31, 2012, with $823 thousand and $718 thousand of specific reserves allocated to those loans, respectively. At September 30, 2013, $7.5 million of the loans classified as TDR’s were performing in accordance with their modified terms. Of the remaining $736 thousand, all were in nonaccrual of interest status. | |||||||||||||||||||||||||||||
None of the loans that were restructured in 2011 or 2012 have subsequently defaulted in the three or nine month periods ended September 30, 2013 and 2012. Loan modifications that are considered TDR’s completed during the three and nine month periods ended September 30, 2013 and 2012 were as follows: | |||||||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre- | Post- | ||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
restructured | Recorded | Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial | 1 | $ | 7 | $ | 7 | ||||||||||||||||||||||||
Residential Real Estate | 2 | 188 | 188 | ||||||||||||||||||||||||||
Total Restructured Loans | 3 | $ | 195 | $ | 195 | ||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre- | Post- | ||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
restructured | Recorded | Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial | 3 | $ | 83 | $ | 83 | ||||||||||||||||||||||||
Residential Real Estate | 2 | 188 | 188 | ||||||||||||||||||||||||||
Total Restructured Loans | 5 | $ | 271 | $ | 271 | ||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre- | Post- | ||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
restructured | Recorded | Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial Real Estate | 1 | $ | 140 | $ | 140 | ||||||||||||||||||||||||
Residential Real Estate | 5 | 333 | 333 | ||||||||||||||||||||||||||
Total Restructured Loans | 6 | $ | 473 | $ | 473 | ||||||||||||||||||||||||
For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre- | Post- | ||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
restructured | Recorded | Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial Real Estate | 1 | $ | 140 | $ | 140 | ||||||||||||||||||||||||
Residential Real Estate | 7 | 488 | 488 | ||||||||||||||||||||||||||
Total Restructured Loans | 8 | $ | 628 | $ | 628 | ||||||||||||||||||||||||
The loans restructured during the three and nine months ended September 30, 2013 and 2012 were modified by changing the monthly payment to interest only. No principal reductions were made. | |||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis includes commercial loans with an outstanding balance greater than $275 thousand and is performed on an annual basis. | |||||||||||||||||||||||||||||
The Company uses the following definitions for risk ratings: | |||||||||||||||||||||||||||||
Pass. Loans classified as pass (Acceptable, Low Acceptable or Pass Watch) may exhibit a wide array of characteristics but at minimum represent an acceptable risk to the Bank. Borrowers in this rating may have leveraged but acceptable balance sheet positions, satisfactory asset quality, and stable to favorable sales and earnings trends, acceptable liquidity and adequate cash flow. Loans are considered fully collectible and require an average amount of administration. While generally adhering to credit policy, these loans may exhibit occasional exceptions that do not result in undue risk to the Bank. Borrowers are generally capable of absorbing setbacks, financial and otherwise, without the threat of failure. | |||||||||||||||||||||||||||||
Special Mention. Loans classified as special mention have material weaknesses that deserve management’s close attention. If left uncorrected, these weaknesses may result in deterioration of the repayment prospects for the loan at some future date. | |||||||||||||||||||||||||||||
Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. | |||||||||||||||||||||||||||||
Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. | |||||||||||||||||||||||||||||
Loans that do not meet the criteria for special mention, substandard or doubtful classification, when analyzed individually as part of the above described process are considered to be pass rated loans. As of September 30, 2013 and December 31, 2012, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Pass | Special | Substandard | Doubtful | Not Rated | Total | |||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | $ | 100,746 | $ | 9,850 | $ | 5,170 | $ | — | $ | 424 | $ | 116,190 | |||||||||||||||||
Commercial real estate | 111,168 | 7,553 | 5,879 | — | 1,823 | 126,423 | |||||||||||||||||||||||
Residential real estate | 243 | — | 48 | — | 112,528 | 112,819 | |||||||||||||||||||||||
Construction & land development | 11,598 | — | 2,040 | — | 1,266 | 14,904 | |||||||||||||||||||||||
Consumer | — | — | — | — | 6,838 | 6,838 | |||||||||||||||||||||||
Total | $ | 223,755 | $ | 17,403 | $ | 13,137 | $ | — | $ | 122,879 | $ | 377,174 | |||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | $ | 92,123 | $ | 5,854 | $ | 6,637 | $ | — | $ | 285 | $ | 104,899 | |||||||||||||||||
Commercial real estate | 102,602 | 5,671 | 8,459 | — | 2,460 | 119,192 | |||||||||||||||||||||||
Residential real estate | 200 | — | 53 | — | 110,159 | 110,412 | |||||||||||||||||||||||
Construction & land development | 18,063 | 2,750 | 1,244 | — | 1,301 | 23,358 | |||||||||||||||||||||||
Consumer | — | — | — | — | 6,480 | 6,480 | |||||||||||||||||||||||
Total | $ | 212,988 | $ | 14,275 | $ | 16,393 | $ | — | $ | 120,685 | $ | 364,341 | |||||||||||||||||
Loans listed as not rated are either less than $275 thousand or are included in groups of homogeneous loans. The following table presents loans that are not rated by class of loans as of September 30, 2013 and December 31, 2012. Non-performing loans include loans past due 90 days and greater and loans on nonaccrual of interest. | |||||||||||||||||||||||||||||
(Dollars in thousands) | Performing | Non-Performing | Total | ||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | $ | 424 | $ | — | $ | 424 | |||||||||||||||||||||||
Commercial real estate | 1,823 | — | 1,823 | ||||||||||||||||||||||||||
Residential real estate | 111,462 | 1,066 | 112,528 | ||||||||||||||||||||||||||
Construction & land development | 1,266 | — | 1,266 | ||||||||||||||||||||||||||
Consumer | 6,838 | — | 6,838 | ||||||||||||||||||||||||||
Total | $ | 121,813 | $ | 1,066 | $ | 122,879 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | $ | 285 | $ | — | $ | 285 | |||||||||||||||||||||||
Commercial real estate | 2,460 | — | 2,460 | ||||||||||||||||||||||||||
Residential real estate | 109,276 | 883 | 110,159 | ||||||||||||||||||||||||||
Construction & land development | 1,294 | 7 | 1,301 | ||||||||||||||||||||||||||
Consumer | 6,480 | — | 6,480 | ||||||||||||||||||||||||||
Total | $ | 119,795 | $ | 890 | $ | 120,685 | |||||||||||||||||||||||
FAIR_VALUE_MEASUREMENTS
FAIR VALUE MEASUREMENTS | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
FAIR VALUE MEASUREMENTS | ' | ||||||||||||||||
NOTE 4 – FAIR VALUE MEASUREMENTS | |||||||||||||||||
The Company provides disclosures about assets and liabilities carried at fair value. The framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and lowest priority to unobservable inputs. The three broad levels of the fair value hierarchy are described below: | |||||||||||||||||
Level I: | Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. | ||||||||||||||||
Level II: | Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by corroborated or other means. If the asset or liability has a specified (contractual) term, the Level II input must be observable for substantially the full term of the asset or liability. | ||||||||||||||||
Level III: | Inputs to the valuation methodology are unobservable and significant to the fair value measurement. | ||||||||||||||||
The following table presents the assets reported on the consolidated statements of financial condition at their fair value as of September 30, 2013 and December 31, 2012, by level within the fair value hierarchy. No liabilities are carried at fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Equity securities and U.S. Treasury Notes are valued at the closing price reported on the active market on which the individual securities are traded. Obligations of U.S. government agencies, mortgage-backed securities, asset-backed securities, obligations of states and political subdivisions and corporate bonds are valued at observable market data for similar assets. | |||||||||||||||||
(Dollars in thousands) | Level I | Level II | Level III | Total | |||||||||||||
September 30, 2013 | |||||||||||||||||
ASSETS: | |||||||||||||||||
Securities available-for-sale: | |||||||||||||||||
U.S. Treasury securities | $ | 996 | $ | — | $ | — | $ | 996 | |||||||||
U.S. Government agencies | — | 23,418 | — | 23,418 | |||||||||||||
Mortgage-backed securities | — | 52,084 | — | 52,084 | |||||||||||||
Asset-backed securities | — | 2,786 | — | 2,786 | |||||||||||||
States and political subdivisions | — | 18,522 | — | 18,522 | |||||||||||||
Corporate bonds | — | 4,526 | — | 4,526 | |||||||||||||
Equity securities | 121 | — | — | 121 | |||||||||||||
Total securities available-for-sale | 1,117 | 101,336 | — | 102,453 | |||||||||||||
Loans held for sale | 70 | — | — | 70 | |||||||||||||
Total Assets | $ | 1,187 | $ | 101,336 | $ | — | $ | 102,523 | |||||||||
December 31, 2012 | |||||||||||||||||
ASSETS: | |||||||||||||||||
Securities available-for-sale: | |||||||||||||||||
U.S. Treasury securities | $ | 100 | $ | — | $ | — | $ | 100 | |||||||||
U.S. Government agencies | — | 35,980 | — | 35,980 | |||||||||||||
Mortgage-backed securities | — | 69,039 | — | 69,039 | |||||||||||||
Asset-backed securities | — | 2,823 | — | 2,823 | |||||||||||||
States and political subdivisions | — | 16,883 | — | 16,883 | |||||||||||||
Corporate bonds | — | 4,397 | — | 4,397 | |||||||||||||
Equity securities | 69 | — | — | 69 | |||||||||||||
Total securities available-for-sale | 169 | 129,122 | — | 129,291 | |||||||||||||
Total Assets | $ | 169 | $ | 129,122 | $ | — | $ | 129,291 | |||||||||
The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of September 30, 2013 and December 31, 2012, by level within the fair value hierarchy. Impaired loans and other real estate are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loans include: quoted market prices for identical assets classified as Level I inputs; and observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs. | |||||||||||||||||
The fair value of mortgage servicing rights is based on a valuation model that calculates the present value of estimated net servicing income. The valuation model incorporates discounted cash flow and repayment assumptions based on management’s best judgment. As a result, these rights are measured at fair value on a nonrecurring basis and are classified within Level III of the fair value hierarchy. | |||||||||||||||||
(Dollars in thousands) | Level I | Level II | Level III | Total | |||||||||||||
September 30, 2013 | |||||||||||||||||
Assets measured on a nonrecurring basis: | |||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 8,271 | $ | 8,271 | |||||||||
Mortgage servicing rights | — | — | 228 | 228 | |||||||||||||
December 31, 2012 | |||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 9,412 | $ | 9,412 | |||||||||
Other real estate owned | — | — | 25 | 25 | |||||||||||||
Mortgage servicing rights | — | — | 214 | 214 | |||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level III inputs to determine fair value: | |||||||||||||||||
Quantitative Information about Level III Fair Value Measurements | |||||||||||||||||
Fair Value | Valuation | Unobservable | |||||||||||||||
Estimate | Techniques | Input | Range | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Impaired loans | $ | 7,080 | Discounted cash flow | Remaining term | 6 mos to 29 yrs | ||||||||||||
Discount rate | 4.63% to 12% | ||||||||||||||||
1,191 | Appraisal of collateral (1), (3) | Appraisal adjustments (2) Liquidation expense (2) | -20% to -25% | ||||||||||||||
-10% | |||||||||||||||||
Mortgage servicing rights | 228 | Discounted cash flow | Remaining term | 15 mos to 30 yrs | |||||||||||||
Discount rate | 1.50% | ||||||||||||||||
December 31, 2012 | |||||||||||||||||
Impaired loans | $ | 7,260 | Discounted cash flow | Remaining term | 4 mos to 29 yrs | ||||||||||||
Discount rate | 7.5% to 12% | ||||||||||||||||
2,152 | Appraisal of collateral (1), (3) | Appraisal adjustments (2) Liquidation expense (2) | -20% to -35% | ||||||||||||||
-10% | |||||||||||||||||
Other real estate owned | 25 | Appraisal of collateral (1), (3) | Management discount for property type (3) | 0% to -67% | |||||||||||||
Mortgage servicing rights | 214 | Discounted cash flow | Remaining term | 24 mos to 30 yrs | |||||||||||||
Discount rate | 1.50% | ||||||||||||||||
-1 | Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various inputs which are not identifiable. | ||||||||||||||||
-2 | Appraisals may be adjusted by management for qualitative factors such as estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. | ||||||||||||||||
-3 | Includes qualitative adjustments by management and estimated liquidation expenses. |
FAIR_VALUES_OF_FINANCIAL_INSTR
FAIR VALUES OF FINANCIAL INSTRUMENTS | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Investments All Other Investments [Abstract] | ' | ||||||||||||||||||||
FAIR VALUES OF FINANCIAL INSTRUMENTS | ' | ||||||||||||||||||||
NOTE 5 – FAIR VALUES OF FINANCIAL INSTRUMENTS | |||||||||||||||||||||
The estimated fair values of recognized financial instruments as of September 30, 2013 and December 31, 2012 are as follows: | |||||||||||||||||||||
Carrying | Total Fair | ||||||||||||||||||||
(Dollars in thousands) | Value | Level 1 | Level II | Level III | Value | ||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 48,619 | $ | 48,619 | $ | — | $ | — | $ | 48,619 | |||||||||||
Securities, available for sale | 102,453 | 1,117 | 101,336 | — | 102,453 | ||||||||||||||||
Securities, held to maturity | 36,808 | — | 35,690 | — | 35,690 | ||||||||||||||||
Loans held for sale | 70 | 70 | — | — | 70 | ||||||||||||||||
Net loans | 372,357 | — | — | 376,006 | 376,006 | ||||||||||||||||
Bank-owned life insurance | 9,486 | 9,486 | — | — | 9,486 | ||||||||||||||||
Restricted stock | 5,463 | — | 5,463 | — | 5,463 | ||||||||||||||||
Accrued interest receivable | 1,509 | 1,509 | — | — | 1,509 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 480,861 | $ | 334,445 | $ | — | $ | 147,352 | $ | 481,797 | |||||||||||
Short-term borrowings | 46,044 | 46,044 | — | — | 46,044 | ||||||||||||||||
Other borrowings | 12,511 | — | — | 13,163 | 13,163 | ||||||||||||||||
Accrued interest payable | 122 | 122 | — | — | 122 | ||||||||||||||||
Carrying | Total Fair | ||||||||||||||||||||
(Dollars in thousands) | Value | Level 1 | Level II | Level III | Value | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 66,878 | $ | 66,878 | $ | — | $ | — | $ | 66,878 | |||||||||||
Securities, available for sale | 129,291 | 169 | 129,122 | — | 129,291 | ||||||||||||||||
Net loans | 360,000 | — | — | 367,028 | 367,028 | ||||||||||||||||
Bank-owned life insurance | 8,298 | 8,298 | — | — | 8,298 | ||||||||||||||||
Restricted stock | 5,463 | — | 5,463 | — | 5,463 | ||||||||||||||||
Accrued interest receivable | 1,317 | 1,317 | — | — | 1,317 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 475,443 | $ | 317,369 | $ | — | $ | 159,573 | $ | 476,942 | |||||||||||
Short-term borrowings | 43,992 | 43,992 | — | — | 43,992 | ||||||||||||||||
Other borrowings | 12,672 | — | — | 13,772 | 13,772 | ||||||||||||||||
Accrued interest payable | 135 | 135 | — | — | 135 | ||||||||||||||||
For purposes of the above disclosures of estimated fair value, the following assumptions are used: | |||||||||||||||||||||
Cash and cash equivalents; Loans held for sale; Accrued interest receivable; Short-term borrowings, and Accrued interest payable | |||||||||||||||||||||
The fair value of the above instruments is considered to be carrying value. Classified as Level I in the fair value hierarchy. | |||||||||||||||||||||
Securities | |||||||||||||||||||||
The fair value of securities available-for-sale and securities held-to-maturity which are measured on a recurring basis are determined primarily by obtaining quoted prices on nationally recognized securities exchanges or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on securities’ relationship to other similar securities. Classified as Level I or Level II in the fair value hierarchy. | |||||||||||||||||||||
Net loans | |||||||||||||||||||||
The fair value for loans is estimated by discounting future cash flows using current market inputs at which loans with similar terms and qualities would be made to borrowers of similar credit quality. Where quoted market prices were available, primarily for certain residential mortgage loans, such market rates were utilized as estimates for fair value. Fair value of non-accrual loans is based on carrying value, classified as Level III. | |||||||||||||||||||||
Bank-owned life insurance | |||||||||||||||||||||
The carrying amount of bank-owned life insurance is based on the cash surrender value of the policies and is a reasonable estimate of fair value, classified as Level I. | |||||||||||||||||||||
Regulatory stock | |||||||||||||||||||||
Regulatory stock includes Federal Home Loan Bank Stock and Federal Reserve Bank Stock. It is not practicable to determine the fair value of regulatory equity securities due to restrictions placed on their transferability. Fair value is based on carrying value, classified as Level II. | |||||||||||||||||||||
Deposits | |||||||||||||||||||||
The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rates are estimated using market rates currently offered for similar instruments with similar remaining maturities, resulting in a Level III classification. Demand, savings, and money market deposit accounts are valued at the amount payable on demand as of quarter end, resulting in a Level I classification. | |||||||||||||||||||||
Other borrowings | |||||||||||||||||||||
The fair value of Federal Home Loan Bank advances are estimated using a discounted cash flow analysis based on the current borrowing rates for similar types of borrowings, resulting in a Level III classification. | |||||||||||||||||||||
The Company also has unrecognized financial instruments at September 30, 2013 and December 31, 2012. These financial instruments relate to commitments to extend credit and letters of credit. The aggregated contract amount of such financial instruments was approximately $113.6 million at September 30, 2013 and $107.4 million at December 31, 2012. Such amounts are also considered to be the estimated fair values. | |||||||||||||||||||||
The fair value estimates of financial instruments are made at a specific point in time based on relevant market information. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument over the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Since no ready market exists for a significant portion of the financial instruments, fair value estimates are largely based on judgments after considering such factors as future expected credit losses, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Equity [Abstract] | ' | ||||||||||||||
Accumulated Other Comprehensive Income | ' | ||||||||||||||
NOTE 6 – ACCUMULATED OTHER COMPREHENSIVE INCOME | |||||||||||||||
The following table presents the changes in accumulated other comprehensive income by component net of tax for the three and nine months ended September 30, 2013: | |||||||||||||||
(Dollars in thousands) | Pretax | Tax | After-tax | Affected | |||||||||||
(Expense) | Line Item | ||||||||||||||
Benefit | in the | ||||||||||||||
Consolidated | |||||||||||||||
Statements | |||||||||||||||
of Income | |||||||||||||||
Balance as of June 30, 2013 | $ | (1,258 | ) | $ | 428 | $ | (830 | ) | |||||||
Unrealized holding gain on available-for-sale securities arising during the period | 1,346 | (457 | ) | 889 | |||||||||||
Amount reclassified for net gains included in net income | 149 | (51 | ) | 98 | (a) (b) | ||||||||||
Unrealized loss on securities transferred from Available-for-Sale to Held-to-Maturity | (1,915 | ) | 651 | (1,264 | ) | ||||||||||
Amortization of Held-to-maturity discount resulting from transfer | 182 | (62 | ) | 120 | |||||||||||
Total other comprehensive loss | (238 | ) | 81 | (157 | ) | ||||||||||
Balance as of September 30, 2013 | $ | (1,496 | ) | $ | 509 | $ | (987 | ) | |||||||
Balance as of December 31, 2012 | $ | 2,824 | $ | (960 | ) | $ | 1,864 | ||||||||
Unrealized holding loss on available-for-sale securities arising during the period | (2,746 | ) | 934 | (1,812 | ) | ||||||||||
Amount reclassified for net gains included in net income | 159 | (54 | ) | 105 | (a) (b) | ||||||||||
Unrealized loss on securities transferred from Available-for-Sale to Held-to-Maturity | (1,915 | ) | 651 | (1,264 | ) | ||||||||||
Amortization of Held-to-maturity discount resulting from transfer | 182 | (62 | ) | 120 | |||||||||||
Total other comprehensive loss | (4,320 | ) | 1,469 | (2,851 | ) | ||||||||||
Balance as of September 30, 2013 | $ | (1,496 | ) | $ | 509 | $ | (987 | ) | |||||||
(a) | Securities gain, net | ||||||||||||||
(b) | Federal income tax provision |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Comprehensive Income | ' |
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This Update requires that companies present either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and the income statement line items affected by the reclassification. The new requirements will take effect for public companies in fiscal years, and interim periods within those years, beginning after December 15, 2012. The Company adopted this ASU on January 1, 2013. The effect of adopting this ASU increased our disclosure surrounding reclassification items out of accumulated other comprehensive income. | |
Derivatives and Hedging | ' |
In July 2013, the FASB issued ASU 2013-10, Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes. The amendments in this Update permit the Fed Funds Effective Swap Rate (OIS) to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to UST and LIBOR. The amendments also remove the restriction on using different benchmark rates for similar hedges. The amendments are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. This ASU did not have a significant impact on the Company’s financial statements. | |
Income Taxes | ' |
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. For nonpublic entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. | |
Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. This ASU is not expected to have a significant impact on the Company’s financial statements. |
Securities_Tables
Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Summary of Securities Available-for-Sale and Restricted Stock | ' | ||||||||||||||||||||||||
Securities consist of the following at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross | Gross | Fair value | |||||||||||||||||||||
cost | unrealized | unrealized | |||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 1,005 | $ | — | $ | 9 | $ | 996 | |||||||||||||||||
U.S. government agencies | 23,998 | 10 | 590 | 23,418 | |||||||||||||||||||||
Mortgage-backed securities | 51,563 | 696 | 175 | 52,084 | |||||||||||||||||||||
Asset-backed securities | 2,764 | 22 | — | 2,786 | |||||||||||||||||||||
States and political subdivisions | 18,280 | 378 | 136 | 18,522 | |||||||||||||||||||||
Corporate bonds | 4,500 | 29 | 3 | 4,526 | |||||||||||||||||||||
Equity securities | 106 | 16 | 1 | 121 | |||||||||||||||||||||
Total available-for-sale securities | 102,216 | 1,151 | 914 | 102,453 | |||||||||||||||||||||
Held-to-maturity securities | |||||||||||||||||||||||||
U.S. government agencies | 15,169 | — | 583 | 14,586 | |||||||||||||||||||||
Mortgage-backed securities | 21,639 | — | 535 | 21,104 | |||||||||||||||||||||
Total held-to-maturity securities | 36,808 | — | 1,118 | 35,690 | |||||||||||||||||||||
Restricted stock | 5,463 | — | — | 5,463 | |||||||||||||||||||||
Total securities | $ | 144,487 | $ | 1,151 | $ | 2,032 | $ | 143,606 | |||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 100 | $ | — | $ | — | $ | 100 | |||||||||||||||||
U.S. government agencies | 35,996 | 27 | 43 | 35,980 | |||||||||||||||||||||
Mortgage-backed securities | 66,933 | 2,107 | 1 | 69,039 | |||||||||||||||||||||
Asset-backed securities | 2,862 | — | 39 | 2,823 | |||||||||||||||||||||
States and political subdivisions | 16,194 | 701 | 12 | 16,883 | |||||||||||||||||||||
Corporate bonds | 4,313 | 112 | 28 | 4,397 | |||||||||||||||||||||
Equity securities | 69 | 9 | 9 | 69 | |||||||||||||||||||||
Total available-for-sale securities | 126,467 | 2,956 | 132 | 129,291 | |||||||||||||||||||||
Restricted stock | 5,463 | — | — | 5,463 | |||||||||||||||||||||
Total securities | $ | 131,930 | $ | 2,956 | $ | 132 | $ | 134,754 | |||||||||||||||||
Summary of Amortized Cost and Fair Value of Debt Securities | ' | ||||||||||||||||||||||||
The amortized cost and fair value of debt securities at September 30, 2013, by contractual maturity, are shown below. | |||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Fair | |||||||||||||||||||||||
cost | value | ||||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 279 | $ | 280 | |||||||||||||||||||||
Due after one through five years | 16,589 | 16,812 | |||||||||||||||||||||||
Due after five through ten years | 26,318 | 25,955 | |||||||||||||||||||||||
Due after ten years | 58,924 | 59,285 | |||||||||||||||||||||||
Total debt securities available-for-sale | $ | 102,110 | $ | 102,332 | |||||||||||||||||||||
Held-to-maturity: | |||||||||||||||||||||||||
Due in one year or less | $ | — | $ | — | |||||||||||||||||||||
Due after one through five years | — | — | |||||||||||||||||||||||
Due after five through ten years | 3,710 | 3,655 | |||||||||||||||||||||||
Due after ten years | 33,098 | 32,035 | |||||||||||||||||||||||
Total debt securities held-to-maturity | $ | 36,808 | $ | 35,690 | |||||||||||||||||||||
Summary of Proceeds and Gains and Losses from Sales of Available-for-Sale Securities | ' | ||||||||||||||||||||||||
The following table shows the proceeds from sales of available-for-sale securities and the gross realized gains and losses on the sales of those securities that have been included in earnings as a result of the sales. | |||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Proceeds | $ | 3,809 | $ | — | $ | 4,309 | $ | — | |||||||||||||||||
Realized gains | $ | 149 | $ | — | $ | 159 | $ | — | |||||||||||||||||
Realized losses | — | — | — | — | |||||||||||||||||||||
Net securities gains | $ | 149 | $ | — | $ | 159 | $ | — | |||||||||||||||||
Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities | ' | ||||||||||||||||||||||||
The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||
Securities in a continuous unrealized loss position | |||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||
(Dollars in thousands) | Gross | Fair | Gross | Fair | Gross | Fair | |||||||||||||||||||
unrealized | value | unrealized | value | unrealized | value | ||||||||||||||||||||
losses | losses | losses | |||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
Available-for-sale | |||||||||||||||||||||||||
U.S. Treasury securities | $ | 9 | $ | 996 | $ | — | $ | — | $ | 9 | $ | 996 | |||||||||||||
U.S. Government agencies | 590 | 19,408 | — | — | 590 | 19,408 | |||||||||||||||||||
Mortgage-backed securities | 175 | 22,096 | — | — | 175 | 22,096 | |||||||||||||||||||
State and political subdivisions | 134 | 3,599 | 2 | 301 | 136 | 3,900 | |||||||||||||||||||
Corporate bonds | 2 | 573 | 1 | 499 | 3 | 1,072 | |||||||||||||||||||
Equity securities | — | — | 1 | 1 | 1 | 1 | |||||||||||||||||||
Held-to-maturity | |||||||||||||||||||||||||
U.S. Government agencies | 583 | 14,586 | — | — | 583 | 14,586 | |||||||||||||||||||
Mortgage-backed securities | 535 | 21,103 | — | — | 535 | 21,103 | |||||||||||||||||||
Total temporarily impaired securities | $ | 2,028 | $ | 82,361 | $ | 4 | $ | 801 | $ | 2,032 | $ | 83,162 | |||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Available-for-sale | |||||||||||||||||||||||||
U.S. Government agencies | $ | 43 | $ | 15,957 | $ | — | $ | — | $ | 43 | $ | 15,957 | |||||||||||||
Mortgage-backed securities | 1 | 344 | — | — | 1 | 344 | |||||||||||||||||||
Asset-backed securities | 39 | 1,833 | — | — | 39 | 1,833 | |||||||||||||||||||
State and political subdivisions | 12 | 1,737 | — | — | 12 | 1,737 | |||||||||||||||||||
Corporate bonds | 4 | 366 | 24 | 975 | 28 | 1,341 | |||||||||||||||||||
Equity securities | — | — | 9 | 45 | 9 | 45 | |||||||||||||||||||
Total temporarily impaired securities | $ | 99 | $ | 20,237 | $ | 33 | $ | 1,020 | $ | 132 | $ | 21,257 | |||||||||||||
LOANS_Tables
LOANS (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Summary of Loans | ' | ||||||||||||||||||||||||||||
Loans consist of the following: | |||||||||||||||||||||||||||||
(Dollars in thousands) | September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||
Commercial | $ | 116,190 | $ | 104,899 | |||||||||||||||||||||||||
Commercial real estate | 126,423 | 119,192 | |||||||||||||||||||||||||||
Residential real estate | 112,819 | 110,412 | |||||||||||||||||||||||||||
Construction & land development | 14,904 | 23,358 | |||||||||||||||||||||||||||
Consumer | 6,838 | 6,480 | |||||||||||||||||||||||||||
Total loans before deferred costs | 377,174 | 364,341 | |||||||||||||||||||||||||||
Deferred loan costs | 260 | 239 | |||||||||||||||||||||||||||
Total Loans | $ | 377,434 | $ | 364,580 | |||||||||||||||||||||||||
Schedule of Allowances for Loan Losses by Portfolio Segment | ' | ||||||||||||||||||||||||||||
The following table details activity in the allowance for loan losses by portfolio segment for the three and nine month periods ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
Three months ended September 30, 2013 | |||||||||||||||||||||||||||||
Beginning balance, June 30, 2013 | $ | 1,316 | $ | 1,815 | $ | 1,174 | $ | 162 | $ | 144 | $ | 334 | $ | 4,945 | |||||||||||||||
Provision for possible loan losses | 27 | (5 | ) | 95 | 18 | (48 | ) | 123 | 210 | ||||||||||||||||||||
Charge-offs | (54 | ) | — | (28 | ) | — | (9 | ) | (91 | ) | |||||||||||||||||||
Recoveries | 5 | — | 3 | — | 5 | 13 | |||||||||||||||||||||||
Net charge-offs | (49 | ) | — | (25 | ) | — | (4 | ) | (78 | ) | |||||||||||||||||||
Ending balance | $ | 1,294 | $ | 1,810 | $ | 1,244 | $ | 180 | $ | 92 | $ | 457 | $ | 5,077 | |||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
Nine months ended September 30, 2013 | |||||||||||||||||||||||||||||
Beginning balance, December 31, 2012 | $ | 933 | $ | 1,902 | $ | 1,096 | $ | 253 | $ | 76 | $ | 320 | $ | 4,580 | |||||||||||||||
Provision for possible loan losses | 455 | (41 | ) | 162 | (73 | ) | (10 | ) | 137 | 630 | |||||||||||||||||||
Charge-offs | (112 | ) | (51 | ) | (28 | ) | — | (11 | ) | (202 | ) | ||||||||||||||||||
Recoveries | 18 | — | 14 | — | 37 | 69 | |||||||||||||||||||||||
Net charge-offs | (94 | ) | (51 | ) | (14 | ) | — | 26 | (133 | ) | |||||||||||||||||||
Ending balance | $ | 1,294 | $ | 1,810 | $ | 1,244 | $ | 180 | $ | 92 | $ | 457 | $ | 5,077 | |||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
Three months ended September 30, 2012 | |||||||||||||||||||||||||||||
Beginning balance, June 30, 2012 | $ | 896 | $ | 1,927 | $ | 1,051 | $ | 217 | $ | 64 | $ | 316 | $ | 4,471 | |||||||||||||||
Provision for possible loan losses | 94 | 108 | (45 | ) | 85 | 46 | (82 | ) | 206 | ||||||||||||||||||||
Charge-offs | — | — | — | — | (39 | ) | (39 | ) | |||||||||||||||||||||
Recoveries | 2 | — | 10 | — | 11 | 23 | |||||||||||||||||||||||
Net charge-offs | 2 | — | 10 | — | (28 | ) | (16 | ) | |||||||||||||||||||||
Ending balance | $ | 992 | $ | 2,035 | $ | 1,016 | $ | 302 | $ | 82 | $ | 234 | $ | 4,661 | |||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
Nine months ended September 30, 2012 | |||||||||||||||||||||||||||||
Beginning balance, December 31, 2011 | $ | 1,024 | $ | 1,673 | $ | 894 | $ | 180 | $ | 78 | $ | 233 | $ | 4,082 | |||||||||||||||
Provision for possible loan losses | (33 | ) | 376 | 127 | 122 | 24 | 1 | 617 | |||||||||||||||||||||
Charge-offs | (15 | ) | (14 | ) | (104 | ) | — | (70 | ) | — | (203 | ) | |||||||||||||||||
Recoveries | 16 | — | 99 | — | 50 | — | 165 | ||||||||||||||||||||||
Net charge-offs | 1 | (14 | ) | (5 | ) | — | (20 | ) | — | (38 | ) | ||||||||||||||||||
Ending balance | $ | 992 | $ | 2,035 | $ | 1,016 | $ | 302 | $ | 82 | $ | 234 | $ | 4,661 | |||||||||||||||
Allowances for Loan Losses and Ending Balances by Portfolio Segment and Based on Impairment Method | ' | ||||||||||||||||||||||||||||
The following table presents the balance in the allowance for loan losses and the ending loan balances by portfolio segment and based on the impairment method as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending allowance balances attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 185 | $ | 442 | $ | 292 | $ | — | $ | — | $ | — | $ | 919 | |||||||||||||||
Collectively evaluated for impairment | 1,109 | 1,368 | 952 | 180 | 92 | 457 | 4,158 | ||||||||||||||||||||||
Total ending allowance balance | $ | 1,294 | $ | 1,810 | $ | 1,244 | $ | 180 | $ | 92 | $ | 457 | $ | 5,077 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 3,898 | $ | 3,460 | $ | 1,832 | $ | — | $ | — | $ | 9,190 | |||||||||||||||||
Loans collectively evaluated for impairment | 112,292 | 122,963 | 110,987 | 14,904 | 6,838 | 367,984 | |||||||||||||||||||||||
Total ending loans balance | $ | 116,190 | $ | 126,423 | $ | 112,819 | $ | 14,904 | $ | 6,838 | $ | 377,174 | |||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending allowance balances attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 85 | $ | 522 | $ | 172 | $ | — | $ | — | $ | — | $ | 779 | |||||||||||||||
Collectively evaluated for impairment | 848 | 1,380 | 924 | 253 | 76 | 320 | 3,801 | ||||||||||||||||||||||
Total ending allowance balance | $ | 933 | $ | 1,902 | $ | 1,096 | $ | 253 | $ | 76 | $ | 320 | $ | 4,580 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 4,315 | $ | 4,573 | $ | 1,137 | $ | 166 | $ | — | $ | 10,191 | |||||||||||||||||
Loans collectively evaluated for impairment | 100,584 | 114,619 | 109,275 | 23,192 | 6,480 | 354,150 | |||||||||||||||||||||||
Total ending loans balance | $ | 104,899 | $ | 119,192 | $ | 110,412 | $ | 23,358 | $ | 6,480 | $ | 364,341 | |||||||||||||||||
Schedule of Impairment by Class of Loans | ' | ||||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Unpaid | Recorded | Recorded | Total | Related | Average | Interest | ||||||||||||||||||||||
Principal | Investment | Investment | Recorded | Allowance | Recorded | Income | |||||||||||||||||||||||
Balance | with no | with | Investment | Investment | Recognized | ||||||||||||||||||||||||
Allowance | Allowance | ||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | $ | 3,913 | $ | 7 | $ | 3,902 | $ | 3,909 | $ | 185 | $ | 3,917 | $ | 126 | |||||||||||||||
Commercial real estate | 3,767 | 306 | 3,155 | 3,461 | 442 | 3,730 | 125 | ||||||||||||||||||||||
Residential real estate | 1,942 | 583 | 1,237 | 1,820 | 292 | 1,270 | 29 | ||||||||||||||||||||||
Construction & land development | — | — | — | — | — | 28 | 2 | ||||||||||||||||||||||
Total impaired loans | $ | 9,622 | $ | 896 | $ | 8,294 | $ | 9,190 | $ | 919 | $ | 8,945 | $ | 282 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | $ | 4,315 | $ | — | $ | 4,329 | $ | 4,329 | $ | 85 | $ | 4,123 | $ | 167 | |||||||||||||||
Commercial real estate | 4,906 | 1,723 | 2,849 | 4,572 | 522 | 4,396 | 152 | ||||||||||||||||||||||
Residential real estate | 1,223 | 86 | 1,057 | 1,143 | 172 | 770 | 18 | ||||||||||||||||||||||
Construction & land development | 173 | 166 | — | 166 | — | 167 | — | ||||||||||||||||||||||
Total impaired loans | $ | 10,617 | $ | 1,975 | $ | 8,235 | $ | 10,210 | $ | 779 | $ | 9,456 | $ | 337 | |||||||||||||||
Schedule of Aging of Past Due and Nonaccrual Loans | ' | ||||||||||||||||||||||||||||
The following table presents the aging of past due loans and nonaccrual loans as of September 30, 2013 and December 31, 2012 by class of loans: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Current | 30 - 59 | 60 - 89 | 90 Days + | Non-Accrual | Total Past | Total Loans | ||||||||||||||||||||||
Days Past | Days Past | Past Due | Due and | ||||||||||||||||||||||||||
Due | Due | Non- | |||||||||||||||||||||||||||
Accrual | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | $ | 115,714 | $ | 405 | $ | — | $ | — | $ | 71 | $ | 476 | $ | 116,190 | |||||||||||||||
Commercial real estate | 124,753 | 271 | 216 | — | 1,183 | 1,670 | 126,423 | ||||||||||||||||||||||
Residential real estate | 110,681 | 767 | 257 | 36 | 1,078 | 2,138 | 112,819 | ||||||||||||||||||||||
Construction & land development | 13,954 | 950 | — | — | — | 950 | 14,904 | ||||||||||||||||||||||
Consumer | 6,616 | 137 | 85 | — | — | 222 | 6,838 | ||||||||||||||||||||||
Total Loans | $ | 371,718 | $ | 2,530 | $ | 558 | $ | 36 | $ | 2,332 | $ | 5,456 | $ | 377,174 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | $ | 104,348 | $ | 60 | $ | 8 | $ | — | $ | 483 | $ | 551 | $ | 104,899 | |||||||||||||||
Commercial real estate | 117,372 | 41 | 34 | — | 1,745 | 1,820 | 119,192 | ||||||||||||||||||||||
Residential real estate | 108,574 | 472 | 430 | 131 | 805 | 1,838 | 110,412 | ||||||||||||||||||||||
Construction & land development | 23,180 | — | 5 | — | 173 | 178 | 23,358 | ||||||||||||||||||||||
Consumer | 6,325 | 132 | 23 | — | — | 155 | 6,480 | ||||||||||||||||||||||
Total Loans | $ | 359,799 | $ | 705 | $ | 500 | $ | 131 | $ | 3,206 | $ | 4,542 | $ | 364,341 | |||||||||||||||
Summary of Troubled Debt Restructurings | ' | ||||||||||||||||||||||||||||
Loan modifications that are considered TDR’s completed during the three and nine month periods ended September 30, 2013 and 2012 were as follows: | |||||||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre- | Post- | ||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
restructured | Recorded | Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial | 1 | $ | 7 | $ | 7 | ||||||||||||||||||||||||
Residential Real Estate | 2 | 188 | 188 | ||||||||||||||||||||||||||
Total Restructured Loans | 3 | $ | 195 | $ | 195 | ||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre- | Post- | ||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
restructured | Recorded | Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial | 3 | $ | 83 | $ | 83 | ||||||||||||||||||||||||
Residential Real Estate | 2 | 188 | 188 | ||||||||||||||||||||||||||
Total Restructured Loans | 5 | $ | 271 | $ | 271 | ||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre- | Post- | ||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
restructured | Recorded | Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial Real Estate | 1 | $ | 140 | $ | 140 | ||||||||||||||||||||||||
Residential Real Estate | 5 | 333 | 333 | ||||||||||||||||||||||||||
Total Restructured Loans | 6 | $ | 473 | $ | 473 | ||||||||||||||||||||||||
For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre- | Post- | ||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
restructured | Recorded | Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial Real Estate | 1 | $ | 140 | $ | 140 | ||||||||||||||||||||||||
Residential Real Estate | 7 | 488 | 488 | ||||||||||||||||||||||||||
Total Restructured Loans | 8 | $ | 628 | $ | 628 | ||||||||||||||||||||||||
Summary of Loans by Credit Quality Indicator | ' | ||||||||||||||||||||||||||||
As of September 30, 2013 and December 31, 2012, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Pass | Special | Substandard | Doubtful | Not Rated | Total | |||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | $ | 100,746 | $ | 9,850 | $ | 5,170 | $ | — | $ | 424 | $ | 116,190 | |||||||||||||||||
Commercial real estate | 111,168 | 7,553 | 5,879 | — | 1,823 | 126,423 | |||||||||||||||||||||||
Residential real estate | 243 | — | 48 | — | 112,528 | 112,819 | |||||||||||||||||||||||
Construction & land development | 11,598 | — | 2,040 | — | 1,266 | 14,904 | |||||||||||||||||||||||
Consumer | — | — | — | — | 6,838 | 6,838 | |||||||||||||||||||||||
Total | $ | 223,755 | $ | 17,403 | $ | 13,137 | $ | — | $ | 122,879 | $ | 377,174 | |||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | $ | 92,123 | $ | 5,854 | $ | 6,637 | $ | — | $ | 285 | $ | 104,899 | |||||||||||||||||
Commercial real estate | 102,602 | 5,671 | 8,459 | — | 2,460 | 119,192 | |||||||||||||||||||||||
Residential real estate | 200 | — | 53 | — | 110,159 | 110,412 | |||||||||||||||||||||||
Construction & land development | 18,063 | 2,750 | 1,244 | — | 1,301 | 23,358 | |||||||||||||||||||||||
Consumer | — | — | — | — | 6,480 | 6,480 | |||||||||||||||||||||||
Total | $ | 212,988 | $ | 14,275 | $ | 16,393 | $ | — | $ | 120,685 | $ | 364,341 | |||||||||||||||||
Schedule of Loans Not Rated by Class of Loans | ' | ||||||||||||||||||||||||||||
The following table presents loans that are not rated by class of loans as of September 30, 2013 and December 31, 2012. Non-performing loans include loans past due 90 days and greater and loans on nonaccrual of interest. | |||||||||||||||||||||||||||||
(Dollars in thousands) | Performing | Non-Performing | Total | ||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | $ | 424 | $ | — | $ | 424 | |||||||||||||||||||||||
Commercial real estate | 1,823 | — | 1,823 | ||||||||||||||||||||||||||
Residential real estate | 111,462 | 1,066 | 112,528 | ||||||||||||||||||||||||||
Construction & land development | 1,266 | — | 1,266 | ||||||||||||||||||||||||||
Consumer | 6,838 | — | 6,838 | ||||||||||||||||||||||||||
Total | $ | 121,813 | $ | 1,066 | $ | 122,879 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | $ | 285 | $ | — | $ | 285 | |||||||||||||||||||||||
Commercial real estate | 2,460 | — | 2,460 | ||||||||||||||||||||||||||
Residential real estate | 109,276 | 883 | 110,159 | ||||||||||||||||||||||||||
Construction & land development | 1,294 | 7 | 1,301 | ||||||||||||||||||||||||||
Consumer | 6,480 | — | 6,480 | ||||||||||||||||||||||||||
Total | $ | 119,795 | $ | 890 | $ | 120,685 | |||||||||||||||||||||||
FAIR_VALUE_MEASUREMENTS_Tables
FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Schedule of Fair Value of Assets Measured on Recurring Basis | ' | ||||||||||||||||
The following table presents the assets reported on the consolidated statements of financial condition at their fair value as of September 30, 2013 and December 31, 2012, by level within the fair value hierarchy. | |||||||||||||||||
(Dollars in thousands) | Level I | Level II | Level III | Total | |||||||||||||
September 30, 2013 | |||||||||||||||||
ASSETS: | |||||||||||||||||
Securities available-for-sale: | |||||||||||||||||
U.S. Treasury securities | $ | 996 | $ | — | $ | — | $ | 996 | |||||||||
U.S. Government agencies | — | 23,418 | — | 23,418 | |||||||||||||
Mortgage-backed securities | — | 52,084 | — | 52,084 | |||||||||||||
Asset-backed securities | — | 2,786 | — | 2,786 | |||||||||||||
States and political subdivisions | — | 18,522 | — | 18,522 | |||||||||||||
Corporate bonds | — | 4,526 | — | 4,526 | |||||||||||||
Equity securities | 121 | — | — | 121 | |||||||||||||
Total securities available-for-sale | 1,117 | 101,336 | — | 102,453 | |||||||||||||
Loans held for sale | 70 | — | — | 70 | |||||||||||||
Total Assets | $ | 1,187 | $ | 101,336 | $ | — | $ | 102,523 | |||||||||
December 31, 2012 | |||||||||||||||||
ASSETS: | |||||||||||||||||
Securities available-for-sale: | |||||||||||||||||
U.S. Treasury securities | $ | 100 | $ | — | $ | — | $ | 100 | |||||||||
U.S. Government agencies | — | 35,980 | — | 35,980 | |||||||||||||
Mortgage-backed securities | — | 69,039 | — | 69,039 | |||||||||||||
Asset-backed securities | — | 2,823 | — | 2,823 | |||||||||||||
States and political subdivisions | — | 16,883 | — | 16,883 | |||||||||||||
Corporate bonds | — | 4,397 | — | 4,397 | |||||||||||||
Equity securities | 69 | — | — | 69 | |||||||||||||
Total securities available-for-sale | 169 | 129,122 | — | 129,291 | |||||||||||||
Total Assets | $ | 169 | $ | 129,122 | $ | — | $ | 129,291 | |||||||||
Schedule of Fair Value of Assets Measured on Nonrecurring Basis | ' | ||||||||||||||||
The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of September 30, 2013 and December 31, 2012, by level within the fair value hierarchy. | |||||||||||||||||
(Dollars in thousands) | Level I | Level II | Level III | Total | |||||||||||||
September 30, 2013 | |||||||||||||||||
Assets measured on a nonrecurring basis: | |||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 8,271 | $ | 8,271 | |||||||||
Mortgage servicing rights | — | — | 228 | 228 | |||||||||||||
December 31, 2012 | |||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 9,412 | $ | 9,412 | |||||||||
Other real estate owned | — | — | 25 | 25 | |||||||||||||
Mortgage servicing rights | — | — | 214 | 214 | |||||||||||||
Schedule of Quantitative Information of Assets Measured at Fair Value on Nonrecurring Basis | ' | ||||||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level III inputs to determine fair value: | |||||||||||||||||
Quantitative Information about Level III Fair Value Measurements | |||||||||||||||||
Fair Value | Valuation | Unobservable | |||||||||||||||
Estimate | Techniques | Input | Range | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Impaired loans | $ | 7,080 | Discounted cash flow | Remaining term | 6 mos to 29 yrs | ||||||||||||
Discount rate | 4.63% to 12% | ||||||||||||||||
1,191 | Appraisal of collateral (1), (3) | Appraisal adjustments (2) Liquidation expense (2) | -20% to -25% | ||||||||||||||
-10% | |||||||||||||||||
Mortgage servicing rights | 228 | Discounted cash flow | Remaining term | 15 mos to 30 yrs | |||||||||||||
Discount rate | 1.50% | ||||||||||||||||
December 31, 2012 | |||||||||||||||||
Impaired loans | $ | 7,260 | Discounted cash flow | Remaining term | 4 mos to 29 yrs | ||||||||||||
Discount rate | 7.5% to 12% | ||||||||||||||||
2,152 | Appraisal of collateral (1), (3) | Appraisal adjustments (2) Liquidation expense (2) | -20% to -35% | ||||||||||||||
-10% | |||||||||||||||||
Other real estate owned | 25 | Appraisal of collateral (1), (3) | Management discount for property type (3) | 0% to -67% | |||||||||||||
Mortgage servicing rights | 214 | Discounted cash flow | Remaining term | 24 mos to 30 yrs | |||||||||||||
Discount rate | 1.50% | ||||||||||||||||
-1 | Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various inputs which are not identifiable. | ||||||||||||||||
-2 | Appraisals may be adjusted by management for qualitative factors such as estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. | ||||||||||||||||
-3 | Includes qualitative adjustments by management and estimated liquidation expenses. |
FAIR_VALUES_OF_FINANCIAL_INSTR1
FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Investments All Other Investments [Abstract] | ' | ||||||||||||||||||||
Schedule of Estimated Fair Values of Recognized Financial Instruments | ' | ||||||||||||||||||||
The estimated fair values of recognized financial instruments as of September 30, 2013 and December 31, 2012 are as follows: | |||||||||||||||||||||
Carrying | Total Fair | ||||||||||||||||||||
(Dollars in thousands) | Value | Level 1 | Level II | Level III | Value | ||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 48,619 | $ | 48,619 | $ | — | $ | — | $ | 48,619 | |||||||||||
Securities, available for sale | 102,453 | 1,117 | 101,336 | — | 102,453 | ||||||||||||||||
Securities, held to maturity | 36,808 | — | 35,690 | — | 35,690 | ||||||||||||||||
Loans held for sale | 70 | 70 | — | — | 70 | ||||||||||||||||
Net loans | 372,357 | — | — | 376,006 | 376,006 | ||||||||||||||||
Bank-owned life insurance | 9,486 | 9,486 | — | — | 9,486 | ||||||||||||||||
Restricted stock | 5,463 | — | 5,463 | — | 5,463 | ||||||||||||||||
Accrued interest receivable | 1,509 | 1,509 | — | — | 1,509 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 480,861 | $ | 334,445 | $ | — | $ | 147,352 | $ | 481,797 | |||||||||||
Short-term borrowings | 46,044 | 46,044 | — | — | 46,044 | ||||||||||||||||
Other borrowings | 12,511 | — | — | 13,163 | 13,163 | ||||||||||||||||
Accrued interest payable | 122 | 122 | — | — | 122 | ||||||||||||||||
Carrying | Total Fair | ||||||||||||||||||||
(Dollars in thousands) | Value | Level 1 | Level II | Level III | Value | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 66,878 | $ | 66,878 | $ | — | $ | — | $ | 66,878 | |||||||||||
Securities, available for sale | 129,291 | 169 | 129,122 | — | 129,291 | ||||||||||||||||
Net loans | 360,000 | — | — | 367,028 | 367,028 | ||||||||||||||||
Bank-owned life insurance | 8,298 | 8,298 | — | — | 8,298 | ||||||||||||||||
Restricted stock | 5,463 | — | 5,463 | — | 5,463 | ||||||||||||||||
Accrued interest receivable | 1,317 | 1,317 | — | — | 1,317 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 475,443 | $ | 317,369 | $ | — | $ | 159,573 | $ | 476,942 | |||||||||||
Short-term borrowings | 43,992 | 43,992 | — | — | 43,992 | ||||||||||||||||
Other borrowings | 12,672 | — | — | 13,772 | 13,772 | ||||||||||||||||
Accrued interest payable | 135 | 135 | — | — | 135 |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Equity [Abstract] | ' | ||||||||||||||
Schedule of Changes in Accumulated Other Comprehensive Income by Component Net of Tax | ' | ||||||||||||||
The following table presents the changes in accumulated other comprehensive income by component net of tax for the three and nine months ended September 30, 2013: | |||||||||||||||
(Dollars in thousands) | Pretax | Tax | After-tax | Affected | |||||||||||
(Expense) | Line Item | ||||||||||||||
Benefit | in the | ||||||||||||||
Consolidated | |||||||||||||||
Statements | |||||||||||||||
of Income | |||||||||||||||
Balance as of June 30, 2013 | $ | (1,258 | ) | $ | 428 | $ | (830 | ) | |||||||
Unrealized holding gain on available-for-sale securities arising during the period | 1,346 | (457 | ) | 889 | |||||||||||
Amount reclassified for net gains included in net income | 149 | (51 | ) | 98 | (a) (b) | ||||||||||
Unrealized loss on securities transferred from Available-for-Sale to Held-to-Maturity | (1,915 | ) | 651 | (1,264 | ) | ||||||||||
Amortization of Held-to-maturity discount resulting from transfer | 182 | (62 | ) | 120 | |||||||||||
Total other comprehensive loss | (238 | ) | 81 | (157 | ) | ||||||||||
Balance as of September 30, 2013 | $ | (1,496 | ) | $ | 509 | $ | (987 | ) | |||||||
Balance as of December 31, 2012 | $ | 2,824 | $ | (960 | ) | $ | 1,864 | ||||||||
Unrealized holding loss on available-for-sale securities arising during the period | (2,746 | ) | 934 | (1,812 | ) | ||||||||||
Amount reclassified for net gains included in net income | 159 | (54 | ) | 105 | (a) (b) | ||||||||||
Unrealized loss on securities transferred from Available-for-Sale to Held-to-Maturity | (1,915 | ) | 651 | (1,264 | ) | ||||||||||
Amortization of Held-to-maturity discount resulting from transfer | 182 | (62 | ) | 120 | |||||||||||
Total other comprehensive loss | (4,320 | ) | 1,469 | (2,851 | ) | ||||||||||
Balance as of September 30, 2013 | $ | (1,496 | ) | $ | 509 | $ | (987 | ) | |||||||
(a) | Securities gain, net | ||||||||||||||
(b) | Federal income tax provision |
Securities_Summary_of_Securiti
Securities - Summary of Securities Available-for-Sale and Restricted Stock (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross unrealized losses | ' | $132 |
Amortized cost, Held to maturity | 36,808 | ' |
Gross unrealized gains | ' | ' |
Gross unrealized losses | 1,118 | ' |
Fair value, Held to maturity | 35,690 | ' |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost, Equity | 106 | 69 |
Gross unrealized gains | 16 | 9 |
Gross unrealized losses | 1 | 9 |
Fair value, Equity | 121 | 69 |
U.S. Treasury Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost, Debt | 1,005 | 100 |
Gross unrealized gains | ' | ' |
Gross unrealized losses | 9 | ' |
Fair value, Debt | 996 | 100 |
U.S. Government Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost, Debt | 23,998 | 35,996 |
Gross unrealized gains | 10 | 27 |
Gross unrealized losses | 590 | 43 |
Fair value, Debt | 23,418 | 35,980 |
Amortized cost, Held to maturity | 15,169 | ' |
Gross unrealized gains | ' | ' |
Gross unrealized losses | 583 | ' |
Fair value, Held to maturity | 14,586 | ' |
Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost, Debt | 51,563 | 66,933 |
Gross unrealized gains | 696 | 2,107 |
Gross unrealized losses | 175 | 1 |
Fair value, Debt | 52,084 | 69,039 |
Amortized cost, Held to maturity | 21,639 | ' |
Gross unrealized gains | ' | ' |
Gross unrealized losses | 535 | ' |
Fair value, Held to maturity | 21,104 | ' |
Asset-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost, Debt | 2,764 | 2,862 |
Gross unrealized gains | 22 | ' |
Gross unrealized losses | ' | 39 |
Fair value, Debt | 2,786 | 2,823 |
States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost, Debt | 18,280 | 16,194 |
Gross unrealized gains | 378 | 701 |
Gross unrealized losses | 136 | 12 |
Fair value, Debt | 18,522 | 16,883 |
Corporate Bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost, Debt | 4,500 | 4,313 |
Gross unrealized gains | 29 | 112 |
Gross unrealized losses | 3 | 28 |
Fair value, Debt | 4,526 | 4,397 |
Total Available-for-Sale Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost, Debt | 102,216 | 126,467 |
Gross unrealized gains | 1,151 | 2,956 |
Gross unrealized losses | 914 | 132 |
Fair value, Debt | 102,453 | 129,291 |
Restricted Stock [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost, Debt | 5,463 | 5,463 |
Gross unrealized gains | ' | ' |
Gross unrealized losses | ' | ' |
Fair value, Debt | 5,463 | 5,463 |
Total Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost, Debt | 144,487 | 131,930 |
Gross unrealized gains | 1,151 | 2,956 |
Gross unrealized losses | 2,032 | 132 |
Fair value, Debt | $143,606 | $134,754 |
Securities_Additional_Informat
Securities - Additional Information (Detail) (USD $) | 1 Months Ended | 9 Months Ended | |
Jul. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |
Securities | |||
Investments Debt And Equity Securities [Abstract] | ' | ' | ' |
Transfer of securities from available-for-sale to held-to-maturity | $39,000,000 | $38,930,000 | ' |
unrealized losses on Transfer of securities from available-for-sale to held-to-maturity | 1,900,000 | ' | ' |
Carrying value of securities | ' | 89,500,000 | 79,200,000 |
Restricted stock investment in FHLB stock | ' | 5,000,000 | 5,000,000 |
Federal Reserve Bank stock | ' | $471,000 | $471,000 |
Number of securities in unrealized loss | ' | 68 | ' |
Number of securities in continuous loss | ' | 3 | ' |
Securities_Summary_of_Amortize
Securities - Summary of Amortized Cost and Fair Value of Debt Securities (Detail) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Available-for-sale: | ' |
Due in one year or less, Amortized cost | $279 |
Due after one through five years, Amortized cost | 16,589 |
Due after five through ten years, Amortized cost | 26,318 |
Due after ten years, Amortized cost | 58,924 |
Total debt securities available-for-sale, Amortized cost | 102,110 |
Due in one year or less, Fair value | 280 |
Due after one through five years, Fair value | 16,812 |
Due after five through ten years, Fair value | 25,955 |
Due after ten years, Fair value | 59,285 |
Total debt securities available-for-sale, Fair value | 102,332 |
Held-to-maturity: | ' |
Due in one year or less, Amortized cost | ' |
Due after one through five years, Amortized cost | ' |
Due after five through ten years, Amortized cost | 3,710 |
Due after ten years, Amortized cost | 33,098 |
Total debt securities held-to-maturity, Amortized cost | 36,808 |
Due in one year or less, Fair value | ' |
Due after one through five years, Fair value | ' |
Due after five through ten years, Fair value | 3,655 |
Due after ten years, Fair value | 32,035 |
Fair value, Held to maturity | $35,690 |
Securities_Summary_of_Proceeds
Securities - Summary of Proceeds and Gains and Losses from Sales of Available-for-Sale Securities (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' | ' | ' |
Proceeds | $3,809 | ' | $4,309 | ' |
Realized gains | 149 | ' | 159 | ' |
Realized losses | ' | ' | ' | ' |
Net securities gains | $149 | ' | $159 | ' |
Securities_Summary_of_Gross_Un
Securities - Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Held-to-maturity, Gross unrealized losses, Total | $1,118 | ' |
Gross unrealized losses, less than 12 months | ' | 99 |
Fair value, less than 12 months | ' | 20,237 |
Gross unrealized losses, 12 months or more | ' | 33 |
Fair value, 12 months or more | ' | 1,020 |
Gross unrealized losses, Total | ' | 132 |
Fair value, Total | ' | 21,257 |
Gross unrealized losses, less than 12 months | 2,028 | ' |
Fair value, less than 12 months | 82,361 | ' |
Gross unrealized losses, 12 months or more | 4 | ' |
Fair value, 12 months or more | 801 | ' |
Gross unrealized losses, Total | 2,032 | ' |
Fair value, Total | 83,162 | ' |
U.S. Treasury Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross unrealized losses, less than 12 months | 9 | ' |
Fair value, less than 12 months | 996 | ' |
Gross unrealized losses, 12 months or more | ' | ' |
Fair value, 12 months or more | ' | ' |
Gross unrealized losses, Total | 9 | ' |
Fair value, Total | 996 | ' |
U.S. Government Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Held-to-maturity, Gross unrealized losses, less than 12 months | 583 | ' |
Held-to-maturity, Fair value, less than 12 months | 14,586 | ' |
Held-to-maturity, Gross unrealized losses, 12 months or more | ' | ' |
Held-to-maturity, Fair value, 12 months or more | ' | ' |
Held-to-maturity, Gross unrealized losses, Total | 583 | ' |
Held-to-maturity, Fair value, Total | 14,586 | ' |
Gross unrealized losses, less than 12 months | 590 | 43 |
Fair value, less than 12 months | 19,408 | 15,957 |
Gross unrealized losses, 12 months or more | ' | ' |
Fair value, 12 months or more | ' | ' |
Gross unrealized losses, Total | 590 | 43 |
Fair value, Total | 19,408 | 15,957 |
Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Held-to-maturity, Gross unrealized losses, less than 12 months | 535 | ' |
Held-to-maturity, Fair value, less than 12 months | 21,103 | ' |
Held-to-maturity, Gross unrealized losses, 12 months or more | ' | ' |
Held-to-maturity, Fair value, 12 months or more | ' | ' |
Held-to-maturity, Gross unrealized losses, Total | 535 | ' |
Held-to-maturity, Fair value, Total | 21,103 | ' |
Gross unrealized losses, less than 12 months | 175 | 1 |
Fair value, less than 12 months | 22,096 | 344 |
Gross unrealized losses, 12 months or more | ' | ' |
Fair value, 12 months or more | ' | ' |
Gross unrealized losses, Total | 175 | 1 |
Fair value, Total | 22,096 | 344 |
Asset-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross unrealized losses, less than 12 months | ' | 39 |
Fair value, less than 12 months | ' | 1,833 |
Gross unrealized losses, 12 months or more | ' | ' |
Fair value, 12 months or more | ' | ' |
Gross unrealized losses, Total | ' | 39 |
Fair value, Total | ' | 1,833 |
States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross unrealized losses, less than 12 months | 134 | 12 |
Fair value, less than 12 months | 3,599 | 1,737 |
Gross unrealized losses, 12 months or more | 2 | ' |
Fair value, 12 months or more | 301 | ' |
Gross unrealized losses, Total | 136 | 12 |
Fair value, Total | 3,900 | 1,737 |
Corporate Bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross unrealized losses, less than 12 months | 2 | 4 |
Fair value, less than 12 months | 573 | 366 |
Gross unrealized losses, 12 months or more | 1 | 24 |
Fair value, 12 months or more | 499 | 975 |
Gross unrealized losses, Total | 3 | 28 |
Fair value, Total | 1,072 | 1,341 |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross unrealized losses, less than 12 months | ' | ' |
Fair value, less than 12 months | ' | ' |
Gross unrealized losses, 12 months or more | 1 | 9 |
Fair value, 12 months or more | 1 | 45 |
Gross unrealized losses, Total | 1 | 9 |
Fair value, Total | $1 | $45 |
Loans_Summary_of_Loans_Detail
Loans - Summary of Loans (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | $377,174 | $364,341 |
Deferred loan costs | 260 | 239 |
Total Loans | 377,434 | 364,580 |
Commercial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | 116,190 | 104,899 |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | 126,423 | 119,192 |
Residential Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | 112,819 | 110,412 |
Construction & Land Development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | 14,904 | 23,358 |
Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | $6,838 | $6,480 |
Loans_Additional_Information_D
Loans - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Receivables [Abstract] | ' | ' | ' | ' | ' |
Percentage of outstanding principal balances of commercial real estate loans secured by owner-occupied properties | 80.00% | ' | 80.00% | ' | 81.00% |
Loans serviced for others | ' | ' | $59,000,000 | ' | $60,200,000 |
Concentrations of loans related to a single industry | 0 | ' | 0 | ' | 0 |
Troubled debt restructurings, loans | 8,200,000 | ' | 8,200,000 | ' | 8,700,000 |
Reserves allocated to customers whose loan terms are modified in troubled debt restructurings | 823,000 | ' | 823,000 | ' | 718,000 |
Loans classified as troubled debt restructurings modified terms | 7,500,000 | ' | 7,500,000 | ' | ' |
Loans classified as troubled debt restructurings nonaccrual status | 736,000 | ' | 736,000 | ' | ' |
Loans restructured, subsequently defaulted | 0 | 0 | 0 | 0 | ' |
Outstanding balance of commercial loans classified under credit risk, minimum amount | 275,000 | ' | 275,000 | ' | ' |
Loans listed as not rated under risk category, maximum amount | $275,000 | ' | $275,000 | ' | ' |
Non-performing loans past due days and greater | '90 days | ' | '90 days | ' | ' |
Loans_Schedule_of_Allowances_f
Loans - Schedule of Allowances for Loan Losses by Portfolio Segment (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning balance | $4,945 | $4,471 | $4,580 | $4,082 |
Provision for possible loan losses | 210 | 206 | 630 | 617 |
Charge-offs | -91 | -39 | -202 | -203 |
Recoveries | 13 | 23 | 69 | 165 |
Net charge-offs | -78 | -16 | -133 | -38 |
Ending balance | 5,077 | 4,661 | 5,077 | 4,661 |
Commercial [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning balance | 1,316 | 896 | 933 | 1,024 |
Provision for possible loan losses | 27 | 94 | 455 | -33 |
Charge-offs | -54 | ' | -112 | -15 |
Recoveries | 5 | 2 | 18 | 16 |
Net charge-offs | -49 | 2 | -94 | 1 |
Ending balance | 1,294 | 992 | 1,294 | 992 |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning balance | 1,815 | 1,927 | 1,902 | 1,673 |
Provision for possible loan losses | -5 | 108 | -41 | 376 |
Charge-offs | ' | ' | -51 | -14 |
Recoveries | ' | ' | ' | ' |
Net charge-offs | ' | ' | -51 | -14 |
Ending balance | 1,810 | 2,035 | 1,810 | 2,035 |
Residential Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning balance | 1,174 | 1,051 | 1,096 | 894 |
Provision for possible loan losses | 95 | -45 | 162 | 127 |
Charge-offs | -28 | ' | -28 | -104 |
Recoveries | 3 | 10 | 14 | 99 |
Net charge-offs | -25 | 10 | -14 | -5 |
Ending balance | 1,244 | 1,016 | 1,244 | 1,016 |
Construction & Land Development [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning balance | 162 | 217 | 253 | 180 |
Provision for possible loan losses | 18 | 85 | -73 | 122 |
Charge-offs | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' |
Net charge-offs | ' | ' | ' | ' |
Ending balance | 180 | 302 | 180 | 302 |
Consumer [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning balance | 144 | 64 | 76 | 78 |
Provision for possible loan losses | -48 | 46 | -10 | 24 |
Charge-offs | -9 | -39 | -11 | -70 |
Recoveries | 5 | 11 | 37 | 50 |
Net charge-offs | -4 | -28 | 26 | -20 |
Ending balance | 92 | 82 | 92 | 82 |
Unallocated [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Beginning balance | 334 | 316 | 320 | 233 |
Provision for possible loan losses | 123 | -82 | 137 | 1 |
Charge-offs | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' |
Net charge-offs | ' | ' | ' | ' |
Ending balance | $457 | $234 | $457 | $234 |
Loans_Allowances_for_Loan_Loss
Loans - Allowances for Loan Losses and Ending Balances by Portfolio Segment and Based on Impairment Method (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||||
Ending allowance balances attributable to loans: | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | $919 | ' | $779 | ' | ' | ' |
Collectively evaluated for impairment | 4,158 | ' | 3,801 | ' | ' | ' |
Total ending allowance balance | 5,077 | 4,945 | 4,580 | 4,661 | 4,471 | 4,082 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 9,190 | ' | 10,191 | ' | ' | ' |
Loans collectively evaluated for impairment | 367,984 | ' | 354,150 | ' | ' | ' |
Total ending loans balance | 377,174 | ' | 364,341 | ' | ' | ' |
Commercial [Member] | ' | ' | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 185 | ' | 85 | ' | ' | ' |
Collectively evaluated for impairment | 1,109 | ' | 848 | ' | ' | ' |
Total ending allowance balance | 1,294 | 1,316 | 933 | 992 | 896 | 1,024 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 3,898 | ' | 4,315 | ' | ' | ' |
Loans collectively evaluated for impairment | 112,292 | ' | 100,584 | ' | ' | ' |
Total ending loans balance | 116,190 | ' | 104,899 | ' | ' | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 442 | ' | 522 | ' | ' | ' |
Collectively evaluated for impairment | 1,368 | ' | 1,380 | ' | ' | ' |
Total ending allowance balance | 1,810 | 1,815 | 1,902 | 2,035 | 1,927 | 1,673 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 3,460 | ' | 4,573 | ' | ' | ' |
Loans collectively evaluated for impairment | 122,963 | ' | 114,619 | ' | ' | ' |
Total ending loans balance | 126,423 | ' | 119,192 | ' | ' | ' |
Residential Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 292 | ' | 172 | ' | ' | ' |
Collectively evaluated for impairment | 952 | ' | 924 | ' | ' | ' |
Total ending allowance balance | 1,244 | 1,174 | 1,096 | 1,016 | 1,051 | 894 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 1,832 | ' | 1,137 | ' | ' | ' |
Loans collectively evaluated for impairment | 110,987 | ' | 109,275 | ' | ' | ' |
Total ending loans balance | 112,819 | ' | 110,412 | ' | ' | ' |
Construction & Land Development [Member] | ' | ' | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 180 | ' | 253 | ' | ' | ' |
Total ending allowance balance | 180 | 162 | 253 | 302 | 217 | 180 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | ' | ' | 166 | ' | ' | ' |
Loans collectively evaluated for impairment | 14,904 | ' | 23,192 | ' | ' | ' |
Total ending loans balance | 14,904 | ' | 23,358 | ' | ' | ' |
Consumer [Member] | ' | ' | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 92 | ' | 76 | ' | ' | ' |
Total ending allowance balance | 92 | 144 | 76 | 82 | 64 | 78 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | ' | ' | ' | ' | ' | ' |
Loans collectively evaluated for impairment | 6,838 | ' | 6,480 | ' | ' | ' |
Total ending loans balance | 6,838 | ' | 6,480 | ' | ' | ' |
Unallocated [Member] | ' | ' | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 457 | ' | 320 | ' | ' | ' |
Total ending allowance balance | 457 | 334 | 320 | 234 | 316 | 233 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | ' | ' | ' | ' | ' | ' |
Loans collectively evaluated for impairment | ' | ' | ' | ' | ' | ' |
Total ending loans balance | ' | ' | ' | ' | ' | ' |
Loans_Schedule_of_Impairment_b
Loans - Schedule of Impairment by Class of Loans (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | $9,622 | $10,617 |
Recorded Investment with no Allowance | 896 | 1,975 |
Recorded Investment with Allowance | 8,294 | 8,235 |
Total Recorded Investment | 9,190 | 10,210 |
Related Allowance | 919 | 779 |
Average Recorded Investment | 8,945 | 9,456 |
Interest Income Recognized | 282 | 337 |
Commercial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 3,913 | 4,315 |
Recorded Investment with no Allowance | 7 | ' |
Recorded Investment with Allowance | 3,902 | 4,329 |
Total Recorded Investment | 3,909 | 4,329 |
Related Allowance | 185 | 85 |
Average Recorded Investment | 3,917 | 4,123 |
Interest Income Recognized | 126 | 167 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 3,767 | 4,906 |
Recorded Investment with no Allowance | 306 | 1,723 |
Recorded Investment with Allowance | 3,155 | 2,849 |
Total Recorded Investment | 3,461 | 4,572 |
Related Allowance | 442 | 522 |
Average Recorded Investment | 3,730 | 4,396 |
Interest Income Recognized | 125 | 152 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 1,942 | 1,223 |
Recorded Investment with no Allowance | 583 | 86 |
Recorded Investment with Allowance | 1,237 | 1,057 |
Total Recorded Investment | 1,820 | 1,143 |
Related Allowance | 292 | 172 |
Average Recorded Investment | 1,270 | 770 |
Interest Income Recognized | 29 | 18 |
Construction & Land Development [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | ' | 173 |
Recorded Investment with no Allowance | ' | 166 |
Recorded Investment with Allowance | ' | ' |
Total Recorded Investment | ' | 166 |
Related Allowance | ' | ' |
Average Recorded Investment | 28 | 167 |
Interest Income Recognized | $2 | ' |
Loans_Schedule_of_Aging_of_Pas
Loans - Schedule of Aging of Past Due and Nonaccrual Loans (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | $371,718 | $359,799 |
30 - 59 Days Past Due | 2,530 | 705 |
60 - 89 Days Past Due | 558 | 500 |
90 Days + Past Due | 36 | 131 |
Non- Accrual | 2,332 | 3,206 |
Total Past Due and Non- Accrual | 5,456 | 4,542 |
Total ending loans balance | 377,174 | 364,341 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 115,714 | 104,348 |
30 - 59 Days Past Due | 405 | 60 |
60 - 89 Days Past Due | ' | 8 |
90 Days + Past Due | ' | ' |
Non- Accrual | 71 | 483 |
Total Past Due and Non- Accrual | 476 | 551 |
Total ending loans balance | 116,190 | 104,899 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 124,753 | 117,372 |
30 - 59 Days Past Due | 271 | 41 |
60 - 89 Days Past Due | 216 | 34 |
90 Days + Past Due | ' | ' |
Non- Accrual | 1,183 | 1,745 |
Total Past Due and Non- Accrual | 1,670 | 1,820 |
Total ending loans balance | 126,423 | 119,192 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 110,681 | 108,574 |
30 - 59 Days Past Due | 767 | 472 |
60 - 89 Days Past Due | 257 | 430 |
90 Days + Past Due | 36 | 131 |
Non- Accrual | 1,078 | 805 |
Total Past Due and Non- Accrual | 2,138 | 1,838 |
Total ending loans balance | 112,819 | 110,412 |
Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 13,954 | 23,180 |
30 - 59 Days Past Due | 950 | ' |
60 - 89 Days Past Due | ' | 5 |
90 Days + Past Due | ' | ' |
Non- Accrual | ' | 173 |
Total Past Due and Non- Accrual | 950 | 178 |
Total ending loans balance | 14,904 | 23,358 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 6,616 | 6,325 |
30 - 59 Days Past Due | 137 | 132 |
60 - 89 Days Past Due | 85 | 23 |
90 Days + Past Due | ' | ' |
Non- Accrual | ' | ' |
Total Past Due and Non- Accrual | 222 | 155 |
Total ending loans balance | $6,838 | $6,480 |
Loans_Summary_of_Troubled_Debt
Loans - Summary of Troubled Debt Restructurings (Detail) (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 | |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of loans restructured | 3 | 6 | 5 | 8 |
Pre-Modification Recorded Investment | $195 | $473 | $271 | $628 |
Post-Modification Recorded Investment | 195 | 473 | 271 | 628 |
Commercial [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of loans restructured | 1 | ' | 3 | ' |
Pre-Modification Recorded Investment | 7 | ' | 83 | ' |
Post-Modification Recorded Investment | 7 | ' | 83 | ' |
Residential Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of loans restructured | 2 | 5 | 2 | 7 |
Pre-Modification Recorded Investment | 188 | 333 | 188 | 488 |
Post-Modification Recorded Investment | 188 | 333 | 188 | 488 |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of loans restructured | ' | 1 | ' | 1 |
Pre-Modification Recorded Investment | ' | 140 | ' | 140 |
Post-Modification Recorded Investment | ' | $140 | ' | $140 |
Loans_Summary_of_Loans_by_Cred
Loans - Summary of Loans by Credit Quality Indicator (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | $377,174 | $364,341 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 116,190 | 104,899 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 126,423 | 119,192 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 112,819 | 110,412 |
Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 14,904 | 23,358 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 6,838 | 6,480 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 223,755 | 212,988 |
Pass [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 100,746 | 92,123 |
Pass [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 111,168 | 102,602 |
Pass [Member] | Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 243 | 200 |
Pass [Member] | Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 11,598 | 18,063 |
Pass [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | ' | ' |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 17,403 | 14,275 |
Special Mention [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 9,850 | 5,854 |
Special Mention [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 7,553 | 5,671 |
Special Mention [Member] | Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | ' | ' |
Special Mention [Member] | Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | ' | 2,750 |
Special Mention [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | ' | ' |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 13,137 | 16,393 |
Substandard [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 5,170 | 6,637 |
Substandard [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 5,879 | 8,459 |
Substandard [Member] | Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 48 | 53 |
Substandard [Member] | Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 2,040 | 1,244 |
Substandard [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | ' | ' |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | ' | ' |
Doubtful [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | ' | ' |
Doubtful [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | ' | ' |
Doubtful [Member] | Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | ' | ' |
Doubtful [Member] | Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | ' | ' |
Doubtful [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | ' | ' |
Not Rated [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 122,879 | 120,685 |
Not Rated [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 424 | 285 |
Not Rated [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 1,823 | 2,460 |
Not Rated [Member] | Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 112,528 | 110,159 |
Not Rated [Member] | Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 1,266 | 1,301 |
Not Rated [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | $6,838 | $6,480 |
Loans_Schedule_of_Loans_Not_Ra
Loans - Schedule of Loans Not Rated by Class of Loans (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | $122,879 | $120,685 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 424 | 285 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,823 | 2,460 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 112,528 | 110,159 |
Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,266 | 1,301 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 6,838 | 6,480 |
Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 121,813 | 119,795 |
Performing [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 424 | 285 |
Performing [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,823 | 2,460 |
Performing [Member] | Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 111,462 | 109,276 |
Performing [Member] | Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,266 | 1,294 |
Performing [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 6,838 | 6,480 |
Non-Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,066 | 890 |
Non-Performing [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | ' | ' |
Non-Performing [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | ' | ' |
Non-Performing [Member] | Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,066 | 883 |
Non-Performing [Member] | Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | ' | 7 |
Non-Performing [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | ' | ' |
Fair_Value_Measurements_Additi
Fair Value Measurements - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Fair Value Disclosures [Abstract] | ' | ' |
Liabilities carried at fair value | $0 | $0 |
Fair_Value_Measurements_Schedu
Fair Value Measurements - Schedule of Fair Value of Assets Measured on Recurring Basis (Detail) (Fair Value, Measurements, Recurring [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] | ' | ' |
Total Assets | $102,523 | $129,291 |
U.S. Treasury Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 996 | 100 |
U.S. Government Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 23,418 | 35,980 |
Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 52,084 | 69,039 |
Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 2,786 | 2,823 |
States and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 18,522 | 16,883 |
Corporate Bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 4,526 | 4,397 |
Equity Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 121 | 69 |
Available-for-sale Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 102,453 | 129,291 |
Loans Held for Sale [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 70 | ' |
Level I [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 1,187 | 169 |
Level I [Member] | U.S. Treasury Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 996 | 100 |
Level I [Member] | U.S. Government Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level I [Member] | Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level I [Member] | Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level I [Member] | States and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level I [Member] | Corporate Bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level I [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 121 | 69 |
Level I [Member] | Available-for-sale Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 1,117 | 169 |
Level I [Member] | Loans Held for Sale [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 70 | ' |
Level II [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 101,336 | 129,122 |
Level II [Member] | U.S. Treasury Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level II [Member] | U.S. Government Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 23,418 | 35,980 |
Level II [Member] | Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 52,084 | 69,039 |
Level II [Member] | Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 2,786 | 2,823 |
Level II [Member] | States and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 18,522 | 16,883 |
Level II [Member] | Corporate Bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 4,526 | 4,397 |
Level II [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level II [Member] | Available-for-sale Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 101,336 | 129,122 |
Level II [Member] | Loans Held for Sale [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | U.S. Treasury Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | U.S. Government Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | States and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | Corporate Bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | Equity Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | Available-for-sale Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | Loans Held for Sale [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Fair_Value_Measurements_Schedu1
Fair Value Measurements - Schedule of Fair Value of Assets Measured on Nonrecurring Basis (Detail) (Fair Value, Measurements, Nonrecurring [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | $8,271 | $9,412 |
Mortgage Servicing Rights [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 228 | 214 |
Other Real Estate Owned [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | 25 |
Level I [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level I [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level I [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level II [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level II [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level II [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 8,271 | 9,412 |
Level III [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 228 | 214 |
Level III [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | $25 |
Fair_Value_Measurements_Schedu2
Fair Value Measurements - Schedule of Quantitative Information of Assets Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Level III [Member] | Discounted Cash Flow [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value estimate | 7,080 | 7,260 |
Level III [Member] | Discounted Cash Flow [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value estimate | 228 | 214 |
Level III [Member] | Appraisal of Collateral [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value estimate | 1,191 | 2,152 |
Level III [Member] | Appraisal of Collateral [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value estimate | ' | 25 |
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value estimate | 8,271 | 9,412 |
Fair Value, Measurements, Nonrecurring [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value estimate | 228 | 214 |
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value estimate | ' | 25 |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value estimate | 8,271 | 9,412 |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value estimate | 228 | 214 |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value estimate | ' | 25 |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Discounted Cash Flow [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Discount rate | 1.50% | 1.50% |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Remaining term | '6 months | '4 months |
Discount rate | 4.63% | 7.50% |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Remaining term | '15 months | '24 months |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Discounted Cash Flow [Member] | Maximum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Remaining term | '29 years | '29 years |
Discount rate | 12.00% | 12.00% |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Discounted Cash Flow [Member] | Maximum [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Remaining term | '30 years | '30 years |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Appraisal of Collateral [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Liquidation expense | -10.00% | -10.00% |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Appraisal of Collateral [Member] | Minimum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Appraisal adjustments | -20.00% | -20.00% |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Appraisal of Collateral [Member] | Minimum [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Management discount for property type | ' | 0.00% |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Appraisal of Collateral [Member] | Maximum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Appraisal adjustments | -25.00% | -35.00% |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Appraisal of Collateral [Member] | Maximum [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Management discount for property type | ' | -67.00% |
Recovered_Sheet1
Fair Values of Financial Instruments - Schedule of Estimated Fair Values of Recognized Financial Instruments (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financial assets: | ' | ' |
Securities, available for sale | $102,453 | $129,291 |
Securities, held to maturity | 35,690 | ' |
Bank-owned life insurance | 9,486 | 8,298 |
Carrying Value [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 48,619 | 66,878 |
Securities, available for sale | 102,453 | 129,291 |
Securities, held to maturity | 36,808 | ' |
Loans held for sale | 70 | ' |
Net loans | 372,357 | 360,000 |
Bank-owned life insurance | 9,486 | 8,298 |
Restricted stock | 5,463 | 5,463 |
Accrued interest receivable | 1,509 | 1,317 |
Financial liabilities: | ' | ' |
Deposits | 480,861 | 475,443 |
Short-term borrowings | 46,044 | 43,992 |
Other borrowings | 12,511 | 12,672 |
Accrued interest payable | 122 | 135 |
Fair Value [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 48,619 | 66,878 |
Securities, available for sale | 102,453 | 129,291 |
Securities, held to maturity | 35,690 | ' |
Loans held for sale | 70 | ' |
Net loans | 376,006 | 367,028 |
Bank-owned life insurance | 9,486 | 8,298 |
Restricted stock | 5,463 | 5,463 |
Accrued interest receivable | 1,509 | 1,317 |
Financial liabilities: | ' | ' |
Deposits | 481,797 | 476,942 |
Short-term borrowings | 46,044 | 43,992 |
Other borrowings | 13,163 | 13,772 |
Accrued interest payable | 122 | 135 |
Fair Value [Member] | Level I [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 48,619 | 66,878 |
Securities, available for sale | 1,117 | 169 |
Loans held for sale | 70 | ' |
Bank-owned life insurance | 9,486 | 8,298 |
Accrued interest receivable | 1,509 | 1,317 |
Financial liabilities: | ' | ' |
Deposits | 334,445 | 317,369 |
Short-term borrowings | 46,044 | 43,992 |
Accrued interest payable | 122 | 135 |
Fair Value [Member] | Level II [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Securities, available for sale | 101,336 | 129,122 |
Securities, held to maturity | 35,690 | ' |
Restricted stock | 5,463 | 5,463 |
Fair Value [Member] | Level III [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Net loans | 376,006 | 367,028 |
Financial liabilities: | ' | ' |
Deposits | 147,352 | 159,573 |
Other borrowings | $13,163 | $13,772 |
Recovered_Sheet2
Fair Values of Financial Instruments - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Fair Value Disclosures [Abstract] | ' | ' |
Commitments to extend credit and letters of credit | $113.60 | $107.40 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income - Schedule of Changes in Accumulated Other Comprehensive Income by Component Net of Tax (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Unrealized holding gain on available-for-sale securities arising during the period | $1,644 | $282 | ($2,428) | $1,093 |
Amount reclassified for net gains included in net income | -149 | ' | -159 | ' |
Unrealized holding gain on available-for-sale debt securities arising during the period | -81 | 96 | -1,469 | 372 |
Beginning balance | ' | ' | 1,864 | ' |
Ending balance | -987 | ' | -987 | ' |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | -1,258 | ' | 2,824 | ' |
Unrealized holding gain on available-for-sale securities arising during the period | 1,346 | ' | -2,746 | ' |
Amount reclassified for net gains included in net income | 149 | ' | 159 | ' |
Unrealized loss on securities transferred from Available-for-Sale to Held-to-Maturity | -1,915 | ' | -1,915 | ' |
Amortization of Held-to-maturity discount resulting from transfer | 182 | ' | 182 | ' |
Total other comprehensive loss | -238 | ' | -4,320 | ' |
Ending balance | -1,496 | ' | -1,496 | ' |
Beginning balance | 428 | ' | -960 | ' |
Unrealized holding gain on available-for-sale debt securities arising during the period | -457 | ' | 934 | ' |
Amount reclassified for net gains included in net income | -51 | ' | -54 | ' |
Unrealized loss on securities transferred from Available-for-Sale to Held-to-Maturity | 651 | ' | 651 | ' |
Amortization of Held-to-maturity discount resulting from transfer | -62 | ' | -62 | ' |
Total other comprehensive loss | 81 | ' | 1,469 | ' |
Ending balance | 509 | ' | 509 | ' |
Beginning balance | -830 | ' | 1,864 | ' |
Unrealized holding gain on available-for-sale debt securities arising during the period | 889 | ' | -1,812 | ' |
Amount reclassified for net gains included in net income | 98 | ' | 105 | ' |
Unrealized loss on securities transferred from Available-for-Sale to Held-to-Maturity | -1,264 | ' | -1,264 | ' |
Amortization of Held-to-maturity discount resulting from transfer | 120 | ' | 120 | ' |
Total other comprehensive loss | -157 | ' | -2,851 | ' |
Ending balance | ($987) | ' | ($987) | ' |