Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Mar. 25, 2014 | Jun. 30, 2013 |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Registrant Name | 'CSB BANCORP INC /OH | ' | ' |
Entity Central Index Key | '0000880417 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 2,736,634 | ' |
Entity Public Float | ' | ' | $48.10 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Cash and cash equivalents | ' | ' |
Cash and due from banks | $15,777 | $21,485 |
Interest-earning deposits in other banks | 26,822 | 45,393 |
Total cash and cash equivalents | 42,599 | 66,878 |
Securities | ' | ' |
Available-for-sale, at fair value | 101,722 | 129,291 |
Held-to-maturity (fair value of $42,643) | 44,350 | ' |
Restricted stock, at cost | 5,463 | 5,463 |
Total securities | 151,535 | 134,754 |
Loans | 379,125 | 364,580 |
Less allowance for loan losses | 5,085 | 4,580 |
Net loans | 374,040 | 360,000 |
Premises and equipment, net | 8,690 | 8,475 |
Core deposit intangible | 759 | 894 |
Goodwill | 4,728 | 4,728 |
Bank-owned life insurance | 9,551 | 8,298 |
Accrued interest receivable and other assets | 4,563 | 2,873 |
TOTAL ASSETS | 596,465 | 586,900 |
Deposits | ' | ' |
Noninterest-bearing | 120,325 | 104,147 |
Interest-bearing | 360,608 | 371,296 |
Total deposits | 480,933 | 475,443 |
Short-term borrowings | 48,671 | 43,992 |
Other borrowings | 12,459 | 12,672 |
Accrued interest payable and other liabilities | 1,991 | 2,340 |
Total liabilities | 544,054 | 534,447 |
SHAREHOLDERS' EQUITY | ' | ' |
Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,980,602 shares; outstanding 2,736,634 shares in 2013 and 2,736,060 in 2012 | 18,629 | 18,629 |
Additional paid-in capital | 9,964 | 9,974 |
Retained earnings | 30,232 | 26,962 |
Treasury stock at cost - 243,968 shares in 2013 and 244,542 in 2012 | -4,958 | -4,976 |
Accumulated other comprehensive (loss) income | -1,456 | 1,864 |
Total shareholders' equity | 52,411 | 52,453 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $596,465 | $586,900 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Held-to-Maturity, Fair Value | $42,643 | ' |
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 $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
INTEREST AND DIVIDEND INCOME | ' | ' | ' |
Loans, including fees | $17,963 | $17,279 | $16,977 |
Taxable securities | 2,572 | 2,672 | 2,538 |
Nontaxable securities | 513 | 486 | 421 |
Other | 90 | 147 | 82 |
Total interest and dividend income | 21,138 | 20,584 | 20,018 |
INTEREST EXPENSE | ' | ' | ' |
Deposits | 1,720 | 2,323 | 2,864 |
Short-term borrowings | 67 | 91 | 139 |
Other borrowings | 468 | 564 | 675 |
Total interest expense | 2,255 | 2,978 | 3,678 |
NET INTEREST INCOME | 18,883 | 17,606 | 16,340 |
Provision for loan losses | 840 | 823 | 950 |
Net interest income, after provision for loan losses | 18,043 | 16,783 | 15,390 |
NONINTEREST INCOME | ' | ' | ' |
Service charges on deposit accounts | 1,349 | 1,305 | 1,134 |
Trust services | 826 | 671 | 677 |
Debit card interchange fees | 779 | 797 | 631 |
Securities gain, net | 159 | ' | 237 |
Gain on sale of loans, net | 347 | 591 | 219 |
Other income | 858 | 840 | 610 |
Total noninterest income | 4,318 | 4,204 | 3,508 |
NONINTEREST EXPENSES | ' | ' | ' |
Salaries and employee benefits | 8,261 | 7,960 | 7,459 |
Occupancy expense | 1,026 | 1,025 | 890 |
Equipment expense | 719 | 618 | 524 |
Professional and director fees | 628 | 814 | 713 |
Franchise tax expense | 581 | 542 | 550 |
Marketing and public relations | 395 | 392 | 320 |
Software expense | 530 | 391 | 373 |
Debit card expense | 268 | 304 | 253 |
Amortization of intangible assets | 135 | 140 | 78 |
FDIC insurance expense | 359 | 328 | 352 |
Branch acquisition expense | ' | 8 | 337 |
Net cost of operation of other real estate | 9 | 33 | -25 |
Other expenses | 1,937 | 1,895 | 1,785 |
Total noninterest expenses | 14,848 | 14,450 | 13,609 |
Income before income taxes | 7,513 | 6,537 | 5,289 |
FEDERAL INCOME TAX PROVISION | 2,273 | 1,990 | 1,602 |
NET INCOME | $5,240 | $4,547 | $3,687 |
NET INCOME PER SHARE | ' | ' | ' |
Basic | $1.91 | $1.66 | $1.35 |
Diluted | $1.91 | $1.66 | $1.35 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Amounts Reclassified Out Of Accumulated Other Comprehensive Income Loss [Abstract] | ' | ' | ' |
Net income | $5,240 | $4,547 | $3,687 |
Other comprehensive income (loss) | ' | ' | ' |
Unrealized gains (losses) arising during the period | -3,195 | 657 | 1,081 |
Unrealized losses on held to maturity transfer | -1,931 | ' | ' |
Amounts reclassified from accumulated other comprehensive income, held-to-maturity | 255 | ' | ' |
Income tax effect | 1,656 | -223 | -368 |
Reclassification adjustment for gains on available for sale securities included in net income | -159 | ' | -237 |
Income tax effect | 54 | ' | 81 |
Other comprehensive income (loss) | -3,320 | 434 | 557 |
Total comprehensive income | $1,920 | $4,981 | $4,244 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes In Shareholders' Equity (USD $) | Total | Common Stock [Member] | Additional Paid-In Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands | ||||||
Beginning balance at Dec. 31, 2010 | $47,154 | $18,629 | $9,994 | $22,673 | ($5,015) | $873 |
Net income | 3,687 | ' | ' | 3,687 | ' | ' |
Other comprehensive income | 557 | ' | ' | ' | ' | 557 |
Cash dividends declared, $0.72 per share | -1,969 | ' | ' | -1,969 | ' | ' |
Ending balance at Dec. 31, 2011 | 49,429 | 18,629 | 9,994 | 24,391 | -5,015 | 1,430 |
Net income | 4,547 | ' | ' | 4,547 | ' | ' |
Other comprehensive income | 434 | ' | ' | ' | ' | 434 |
Stock options exercised, 1,261 shares | 12 | ' | -20 | -7 | 39 | ' |
Cash dividends declared, $0.72 per share | -1,969 | ' | ' | -1,969 | ' | ' |
Ending balance at Dec. 31, 2012 | 52,453 | 18,629 | 9,974 | 26,962 | -4,976 | 1,864 |
Net income | 5,240 | ' | ' | 5,240 | ' | ' |
Other comprehensive income | -3,320 | ' | ' | ' | ' | -3,320 |
Stock options exercised, 1,261 shares | 8 | ' | -10 | ' | 18 | ' |
Cash dividends declared, $0.72 per share | -1,970 | ' | ' | -1,970 | ' | ' |
Ending balance at Dec. 31, 2013 | $52,411 | $18,629 | $9,964 | $30,232 | ($4,958) | ($1,456) |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes In Shareholders' Equity (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Statement Of Stockholders Equity [Abstract] | ' | ' | ' |
Stock options exercised | 574 | 1,261 | ' |
Cash dividends declared per share | $0.72 | $0.72 | $0.72 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' |
Net income | $5,240 | $4,547 | $3,687 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation and amortization of premises, equipment and software | 779 | 644 | 662 |
Deferred income taxes | 77 | -50 | 345 |
Provision for loan losses | 840 | 823 | 950 |
Gain on sale of loans, net | -347 | -591 | -219 |
Securities gain, net | -159 | ' | -237 |
Security amortization, net of accretion | 456 | 553 | 226 |
Secondary market loan sale proceeds | 12,393 | 20,873 | 7,201 |
Originations of secondary market loans held-for-sale | -12,106 | -20,384 | -7,019 |
Bank-owned life insurance | -253 | -230 | -107 |
Effects of changes in operating assets and liabilities: | ' | ' | ' |
Net deferred loan (fees) costs | -214 | 63 | 35 |
Accrued interest receivable | -57 | 32 | -134 |
Accrued interest payable | -39 | -47 | -31 |
Other assets and liabilities | 339 | 831 | 415 |
Net cash provided by operating activities | 6,949 | 7,064 | 5,774 |
Securities available-for-sale: | ' | ' | ' |
Proceeds from maturities and repayments, available-for-sale | 36,200 | 76,220 | 45,332 |
Proceeds from repayments, held-to-maturity | 1,211 | ' | ' |
Purchases, available-for-sale | -55,693 | -82,382 | -95,542 |
Purchases, held-to-maturity | -8,135 | ' | ' |
Proceeds from sale of securities, available-for-sale | 4,309 | ' | 3,244 |
Loan originations, net of repayments | -14,666 | -40,842 | -1,065 |
Net cash from acquisition | ' | ' | 60,872 |
Proceeds from sale of other real estate | 18 | 26 | 883 |
Property, equipment and software acquisitions | -1,526 | -953 | -586 |
Purchase of bank-owned life insurance | -1,000 | -5,000 | ' |
Net cash provided by (used in) investing activities | -39,282 | -52,931 | 13,138 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' |
Net change in deposits | 5,550 | 32,021 | 15,648 |
Net change in short-term borrowings | 4,679 | 6,919 | 5,055 |
Repayment of other borrowings | -213 | -6,489 | -3,748 |
Cash dividends paid | -1,970 | -1,969 | -1,969 |
Proceeds from stock options exercised | 8 | 5 | ' |
Net cash provided by financing activities | 8,054 | 30,487 | 14,986 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -24,279 | -15,380 | 33,898 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 66,878 | 82,258 | 48,360 |
CASH AND CASH EQUIVALENTS AT END OF YEAR | 42,599 | 66,878 | 82,258 |
Cash paid during the year for: | ' | ' | ' |
Interest | 2,356 | 3,155 | 3,769 |
Income taxes | 2,335 | 1,690 | 1,525 |
Acquisition of noncash assets and liabilities: | ' | ' | ' |
Assets acquired | ' | ' | 13,631 |
Liabilities assumed | ' | ' | 74,503 |
Noncash investing activities: | ' | ' | ' |
Transfer of loans to other real estate owned | ' | 56 | 814 |
Transfer of securities from available-for-sale to held-to-maturity | $38,930 | ' | ' |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||||
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||||||||||||
CSB Bancorp, Inc. (the “Company” or “CSB”) was incorporated in 1991 in the State of Ohio, and is a registered bank holding company. The Company’s wholly-owned subsidiaries are The Commercial and Savings Bank of Millersburg, Ohio (the “Bank”) and CSB Investment Services, LLC., inactive. The Company, through its subsidiaries, operates in one industry segment; the commercial banking industry. | |||||||||||||
The Bank, an Ohio-chartered bank organized in 1879, provides financial services through its sixteen Banking Centers located in Holmes, Tuscarawas, Wayne and Stark Counties in Ohio and nearby communities. These communities are the source of substantially all deposit, loan and trust activities. The majority of the Bank’s income is derived from commercial and retail lending activities and investments in securities. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential real estate, commercial real estate, commercial and installment loans. Substantially, all loans are secured by specific items of collateral including business assets, consumer assets and real estate. Commercial loans are expected to be repaid from cash flow from business operations. Real estate loans are secured by both residential and commercial real estate. | |||||||||||||
Significant accounting policies followed by the Company are presented below: | |||||||||||||
USE OF ESTIMATES IN PREPARING FINANCIAL STATEMENTS | |||||||||||||
In preparing Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Balance Sheets and reported amounts of revenues and expenses during each reporting period. Actual results could differ from those estimates. The most significant estimates susceptible to change in the near term relate to management’s determination of the allowance for loan losses and the fair value of financial instruments. | |||||||||||||
PRINCIPLES OF CONSOLIDATION | |||||||||||||
The Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. | |||||||||||||
The Bank has established a trust department and the assets held by the Bank in fiduciary or agency capacities for its customers are not included in the Consolidated Balance Sheets as such items are not assets of the Bank. | |||||||||||||
CASH AND CASH EQUIVALENTS | |||||||||||||
For purposes of the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand and amounts due from banks which mature overnight or within ninety days. | |||||||||||||
CASH RESERVE REQUIREMENTS | |||||||||||||
The Bank is required by the Federal Reserve to maintain reserves consisting of cash on hand and noninterest-earning balances on deposit with the Federal Reserve Bank. There was no required reserve balance at December 31, 2013 and 2012. | |||||||||||||
SECURITIES | |||||||||||||
Securities designated as available-for-sale are carried at fair value with unrealized gains and losses on such securities, net of applicable income taxes, recognized as other comprehensive income (loss). During 2013, approximately $39 million par value U.S. Government agencies and mortgage-backed securities of government agencies were transferred from available-for-sale to held-to-maturity. At year end, 28% of the total investment portfolio was classified as held-to-maturity. The volatility in interest rates that has occurred recently does not have as much impact on other comprehensive income as if the entire portfolio was included in the available-for-sale category. The held-to-maturity securities are carried at their fair value on the date of transfer or at purchase value if security purchases are designated as held-to-maturity. | |||||||||||||
The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity based on the interest method. Such amortization and accretion is included in interest and dividends on securities. | |||||||||||||
Gains and losses on sales of securities are accounted for on a trade date basis, using the specific identification method, and are included in noninterest income. Securities are periodically reviewed for other-than-temporary impairment based upon a number of factors, including, but not limited to, the length of time and extent to which the market value has been less than cost, the financial condition of the underlying issuer, the receipt of principal and interest according to the contractual terms, the ability of the issuer to meet contractual obligations, the likelihood of the security’s ability to recover any decline in its market value and management’s intent and ability to hold the security for a period of time sufficient to allow for a recovery in market value. Among the factors that are considered in determining management’s intent and ability to hold the security is a review of the Company’s capital adequacy, interest rate risk position and liquidity. | |||||||||||||
The assessment of a security’s ability to recover any decline in market value, the ability of the issuer to meet contractual obligations and management’s intent and ability to hold the security requires considerable judgment. A decline in value that is considered to be other-than-temporary is recorded as a loss within non-interest income in the Consolidated Statements of Income. | |||||||||||||
Investments in Federal Home Loan Bank of Cincinnati (“FHLB”) and Federal Reserve Bank stock are classified as restricted stock, carried at cost, and evaluated for impairment. The Bank is required to maintain an investment in common stock of the FHLB and Federal Reserve Bank because the Bank is a member of the FHLB and the Federal Reserve System. We consider these stocks to be nonmarketable equity securities. | |||||||||||||
Federal Home Loan Bank of Cincinnati reported profits for 2013 and 2012, remains in compliance with regulatory capital and liquidity requirements, continues to pay dividends on the stock and redeems its stock at par value. With consideration given to these factors, management concluded that the stock was not impaired at December 31, 2013 or 2012. | |||||||||||||
LOANS | |||||||||||||
Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, generally are stated at their outstanding principal amount, adjusted for charge-offs, the allowance for loan losses and any deferred loan fees or costs on originated loans. Interest is accrued based upon the daily outstanding principal balance. Loan origination fees and certain direct origination costs are capitalized and recognized as an adjustment of the yield over the life of the related loan. | |||||||||||||
Interest income is not reported when full repayment is in doubt, typically when the loan is impaired or payments are past due over 90 days. All interest accrued but not collected for loans that are placed on nonaccrual or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||||||||||||
At origination, a determination is made whether a loan will be held in the Bank’s portfolio or is intended for sale in the secondary market. Mortgage loans held for sale are recorded at the lower of the aggregate cost or fair value. Generally these loans are held for sale for less than three days. The Bank includes gains and losses on sales of the loans held for sale when the sale is completed. | |||||||||||||
ALLOWANCE FOR LOAN LOSSES | |||||||||||||
The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | |||||||||||||
The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect borrowers’ ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. | |||||||||||||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial, commercial real estate, and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. | |||||||||||||
Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer loans for impairment disclosures. | |||||||||||||
OTHER REAL ESTATE OWNED | |||||||||||||
Other real estate acquired through or in lieu of foreclosure is initially recorded at fair value, less estimated costs to sell, and any loan balance in excess of fair value is charged to the allowance for loan losses. Subsequent valuations are periodically performed and write-downs are included in other operating expense, as are gains or losses upon sale and expenses related to maintenance of the properties. Other real estate owned amounted to $0 and $25 thousand at December 31, 2013 and 2012, respectively. | |||||||||||||
PREMISES AND EQUIPMENT | |||||||||||||
Premises and equipment is stated at cost less accumulated depreciation and amortization. Upon the sale or disposition of the assets, the difference between the depreciated cost and proceeds is charged or credited to income. Depreciation and amortization is determined based on the estimated useful lives of the individual assets (typically 20 to 40 years for buildings and 3 to 10 years for equipment) and is computed using the straight-line method. | |||||||||||||
GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS | |||||||||||||
Goodwill is not amortized, but is tested at least annually for impairment in the fourth quarter or more frequently if indicators of impairment are present. The evaluation for impairment involves comparing the estimated current fair value of the reporting unit to its carrying value, including goodwill. If the estimated current fair value of a reporting unit exceeds its carrying value, no additional testing is required and an impairment loss is not recorded. CSB uses market capitalization and multiples of tangible book value methods to determine the estimated current fair value of its reporting unit. Based on this analysis no impairment was recorded in 2013 or 2012. | |||||||||||||
The core deposit intangible assets are assigned useful lives, which are amortized on an accelerated basis over their weighted average lives. The Company periodically reviews the intangible asset for impairment as events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. | |||||||||||||
MORTGAGE SERVICING RIGHTS | |||||||||||||
Mortgage servicing rights (“MSRs”) represent the right to service loans for third party investors. MSRs are recognized as a separate asset upon the sale of mortgage loans to a third party investor with the servicing rights retained by CSB. Originated MSRs are recorded at allocated fair value at the time of the sale of the loans to the third party investor. MSRs are amortized in proportion to and over the estimated period of net servicing income. MSRs are carried at amortized cost, less a valuation allowance for impairment, if any. MSRs are evaluated on a discounted earnings basis to determine the present value of future earnings of the underlying serviced mortgages. All assumptions are reviewed annually or more frequently, if necessary, and adjusted to reflect current and anticipated market conditions. | |||||||||||||
BANK-OWNED LIFE INSURANCE | |||||||||||||
The cash surrender value of these policies is included as an asset on the Consolidated Balance Sheets and any increases in the cash surrender value are recorded as noninterest income on the Consolidated Statements of Income. In the event of the death of an insured individual under these policies, the Company would receive a death benefit, which would be recorded as noninterest income. | |||||||||||||
REPURCHASE AGREEMENTS | |||||||||||||
Substantially all securities sold under repurchase agreements represent amounts advanced by various customers. Securities owned by the Bank are pledged to cover those obligations. These repurchase agreements are not deposits and are not covered by federal deposit insurance. | |||||||||||||
ADVERTISING COSTS | |||||||||||||
All advertising costs are expensed as incurred. Advertising expenses amounted to $175 thousand, $190 thousand and $175 thousand for the years ended 2013, 2012 and 2011 respectively. | |||||||||||||
FEDERAL INCOME TAXES | |||||||||||||
The Company and its subsidiaries file a consolidated tax return. Deferred income taxes are provided on temporary differences between financial statement and income tax reporting. Temporary differences are differences between the amounts of assets and liabilities reported for financial statement purposes and their tax bases. Deferred tax assets are recognized for temporary differences that will be deductible in future years’ tax returns and for operating loss and tax credit carryforwards. Deferred tax assets are reduced by a valuation allowance if it is deemed more likely than not that some or all of the deferred tax assets will not be realized. Deferred tax liabilities are recognized for temporary differences that will be taxable in future years’ tax returns. | |||||||||||||
The Bank, domiciled in Ohio, is not currently subject to state and local income taxes. | |||||||||||||
STOCK-BASED COMPENSATION | |||||||||||||
The Company sponsored a stock-based compensation plan, administered by a committee. The incentive stock option plan expired in 2012. The Company recorded no stock-based compensation expense for 2013, 2012 or 2011. There was no income tax benefit recognized in the accompanying Consolidated Statements of Income related to stock-based compensation in 2013, 2012 or 2011. Shares issued in connection with stock option exercises were issued from available treasury shares in 2013. | |||||||||||||
As of December 31, 2013, there was no unrecognized compensation cost related to unvested share-based compensation awards outstanding. All shares are vested. | |||||||||||||
The fair value of each option is amortized into compensation expense on a straight-line basis between the grant date for the option and each vesting date. CSB estimates the fair value of stock options on the date of the grant using the Black-Scholes option pricing model. The model requires the use of numerous assumptions, many of which are highly subjective in nature. There were no option grants for the years ended December 31, 2013 and 2012. | |||||||||||||
COMPREHENSIVE INCOME | |||||||||||||
The Company includes recognized revenue, expenses, gains and losses in net income. Although certain changes in assets and liabilities such as unrealized gains and losses on available-for-sale securities are reported as a separate component of the equity section of the Consolidated Balance Sheets, these items along with net income are components of comprehensive income. | |||||||||||||
TRANSFERS OF FINANCIAL ASSETS | |||||||||||||
Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. | |||||||||||||
PER SHARE DATA | |||||||||||||
Basic net income per share is computed based on the weighted average number of shares of common stock outstanding during each year. Diluted income per common share includes the dilutive effect of additional potential common shares issuable under stock options. | |||||||||||||
The weighted average number of common shares outstanding for basic and diluted earnings per share computations was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Weighted average common shares | 2,980,602 | 2,980,602 | 2,980,602 | ||||||||||
Average treasury shares | (244,129 | ) | (245,713 | ) | (245,803 | ) | |||||||
Total weighted average common shares outstanding (basic) | 2,736,473 | 2,734,889 | 2,734,799 | ||||||||||
Dilutive effect of assumed exercise of stock options | 2,004 | 252 | 39 | ||||||||||
Weighted average common shares outstanding (diluted) | 2,738,477 | 2,735,141 | 2,734,838 | ||||||||||
Dividends per share are based on the number of shares outstanding at the declaration date. | |||||||||||||
There were no stock options that were antidilutive at December 31, 2013. Options to purchase an aggregate of 29,760 common shares at $18.00 per share were outstanding at December 31, 2012 and 2011 and were antidilutive. | |||||||||||||
ACCOUNTING DEVELOPMENTS | |||||||||||||
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. The standard 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 took effect for public companies in fiscal years, and interim periods within those years, beginning after December 15, 2012. The Company adopted this standard on January 1, 2013. The effect of adopting this standard increased our disclosure surrounding reclassification items out of accumulated other comprehensive income. | |||||||||||||
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. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. | |||||||||||||
In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments in this Update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. | |||||||||||||
RECLASSIFICATION OF COMPARATIVE AMOUNTS | |||||||||||||
Certain comparative amounts from the prior years have been reclassified to conform to current year classifications. Such classifications had no effect on net income or shareholders’ equity. |
Securities
Securities | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||
NOTE 2 – SECURITIES | |||||||||||||||||||||||||
Securities consist of the following at December 31: | |||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S. Treasury security | $ | 1,005 | $ | — | $ | 8 | $ | 997 | |||||||||||||||||
U.S. Government agencies | 22,999 | 8 | 706 | 22,301 | |||||||||||||||||||||
Mortgage-backed securities of government agencies | 54,455 | 536 | 691 | 54,300 | |||||||||||||||||||||
Other mortgage-backed securities | 230 | 5 | — | 235 | |||||||||||||||||||||
Asset-backed securities of government agencies | 2,739 | 36 | — | 2,775 | |||||||||||||||||||||
State and political subdivisions | 16,219 | 371 | 143 | 16,447 | |||||||||||||||||||||
Corporate bonds | 4,500 | 44 | 5 | 4,539 | |||||||||||||||||||||
Equity securities | 106 | 23 | 1 | 128 | |||||||||||||||||||||
Total available-for-sale | 102,253 | 1,023 | 1,554 | 101,722 | |||||||||||||||||||||
Held-to-maturity securities | |||||||||||||||||||||||||
U.S. Government agencies | 19,186 | — | 828 | 18,358 | |||||||||||||||||||||
Mortgage-backed securities of government agencies | 25,164 | — | 879 | 24,285 | |||||||||||||||||||||
Total held-to-maturity | 44,350 | — | 1,707 | 42,643 | |||||||||||||||||||||
Restricted stock | 5,463 | — | — | 5,463 | |||||||||||||||||||||
Total securities | $ | 152,066 | $ | 1,023 | $ | 3,261 | $ | 149,828 | |||||||||||||||||
2012 | |||||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S. Treasury security | $ | 100 | $ | — | $ | — | $ | 100 | |||||||||||||||||
U.S. Government agencies | 35,996 | 27 | 43 | 35,980 | |||||||||||||||||||||
Mortgage-backed securities of government agencies | 66,588 | 2,107 | — | 68,695 | |||||||||||||||||||||
Other mortgage-backed securities | 345 | — | 1 | 344 | |||||||||||||||||||||
Asset-backed securities of government agencies | 2,862 | — | 39 | 2,823 | |||||||||||||||||||||
State 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 | 126,467 | 2,956 | 132 | 129,291 | |||||||||||||||||||||
Restricted stock | 5,463 | — | — | 5,463 | |||||||||||||||||||||
Total securities | $ | 131,930 | $ | 2,956 | $ | 132 | $ | 134,754 | |||||||||||||||||
The amortized cost and fair value of securities at December 31, 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 | $ | 855 | $ | 875 | |||||||||||||||||||||
Due after one through five years | 17,354 | 17,500 | |||||||||||||||||||||||
Due after five through ten years | 22,455 | 22,033 | |||||||||||||||||||||||
Due after ten years | 61,483 | 61,186 | |||||||||||||||||||||||
Total debt securities available-for-sale | $ | 102,147 | $ | 101,594 | |||||||||||||||||||||
Held-to-maturity: | |||||||||||||||||||||||||
Due in one year or less | $ | — | $ | — | |||||||||||||||||||||
Due after one through five years | — | — | |||||||||||||||||||||||
Due after five through ten years | 7,717 | 7,568 | |||||||||||||||||||||||
Due after ten years | 36,633 | 35,075 | |||||||||||||||||||||||
Total debt securities held-to-maturity | $ | 44,350 | $ | 42,643 | |||||||||||||||||||||
Securities with a market value of approximately $87.9 million and $79.2 million were pledged at December 31, 2013 and 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 $5.0 million at December 31, 2013 and 2012. Federal Reserve Bank stock was $471 thousand at December 31, 2013 and 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 in 2013 and 2011. There were no securities sold during 2012. | |||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2011 | |||||||||||||||||||||||
Proceeds | $ | 4,309 | $ | 3,244 | |||||||||||||||||||||
Realized gains | $ | 159 | $ | 237 | |||||||||||||||||||||
Realized losses | — | — | |||||||||||||||||||||||
Impairment losses | — | — | |||||||||||||||||||||||
Net securities gains | $ | 159 | $ | 237 | |||||||||||||||||||||
The income tax provision applicable to realized gains amounted to $54 thousand in 2013 and $81 thousand in 2011. There were no tax benefits recognized from gross realized losses in 2013, 2012 or 2011. | |||||||||||||||||||||||||
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 December 31: | |||||||||||||||||||||||||
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 | |||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Available-for-sale | |||||||||||||||||||||||||
U.S. Treasury security | $ | 8 | $ | 997 | $ | — | $ | — | $ | 8 | $ | 997 | |||||||||||||
U.S. Government agencies | 590 | 15,409 | 116 | 1,884 | 706 | 17,293 | |||||||||||||||||||
Mortgage-backed securities of government agencies | 691 | 29,938 | — | — | 691 | 29,938 | |||||||||||||||||||
State and political subdivisions | 122 | 3,522 | 21 | 233 | 143 | 3,755 | |||||||||||||||||||
Corporate bonds | 4 | 1,163 | 1 | 499 | 5 | 1,662 | |||||||||||||||||||
Equity securities | — | — | 1 | 1 | 1 | 1 | |||||||||||||||||||
Held-to-maturity | |||||||||||||||||||||||||
U.S. Government agencies | 771 | 14,559 | 57 | 1,799 | 828 | 16,358 | |||||||||||||||||||
Mortgage-backed securities of government agencies | 879 | 20,149 | — | — | 879 | 20,149 | |||||||||||||||||||
Total temporarily impaired securities | $ | 3,065 | $ | 85,737 | $ | 196 | $ | 4,416 | $ | 3,261 | $ | 90,153 | |||||||||||||
2012 | |||||||||||||||||||||||||
Available-for-sale | |||||||||||||||||||||||||
U.S. Government agencies | $ | 43 | $ | 15,957 | $ | — | $ | — | $ | 43 | $ | 15,957 | |||||||||||||
Other mortgage-backed securities | 1 | 344 | — | — | 1 | 344 | |||||||||||||||||||
Asset-backed securities of government agencies | 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 | |||||||||||||||||||
Total debt securities | 99 | 20,237 | 24 | 975 | 123 | 21,212 | |||||||||||||||||||
Equity securities | — | — | 9 | 45 | 9 | 45 | |||||||||||||||||||
Total temporarily impaired securities | $ | 99 | $ | 20,237 | $ | 33 | $ | 1,020 | $ | 132 | $ | 21,257 | |||||||||||||
There were seventy-three (73) securities in an unrealized loss position at December 31, 2013, seven (7) of which were in a continuous loss position for twelve or more months. 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, the extent and duration of the loss, 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 and 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 December 31, 2013. |
Loans
Loans | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||
NOTE 3 – LOANS | |||||||||||||||||||||||||||||
Loans consist of the following at December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Commercial | $ | 117,478 | $ | 104,899 | |||||||||||||||||||||||||
Commercial real estate | 129,828 | 119,192 | |||||||||||||||||||||||||||
Residential real estate | 111,445 | 110,412 | |||||||||||||||||||||||||||
Construction & land development | 13,444 | 23,358 | |||||||||||||||||||||||||||
Consumer | 6,687 | 6,480 | |||||||||||||||||||||||||||
Total loans before deferred costs | 378,882 | 364,341 | |||||||||||||||||||||||||||
Deferred loan costs | 243 | 239 | |||||||||||||||||||||||||||
Total loans | $ | 379,125 | $ | 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 nonperforming 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. However, the cash flows of borrowers 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 December 31, 2013 and 2012, approximately 77% 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. | |||||||||||||||||||||||||||||
Concentrations of Credit | |||||||||||||||||||||||||||||
Nearly all of the Company’s lending activity occurs within the State of Ohio, including the four 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 December 31, 2013 and 2012, there were no concentrations of loans greater than 7% 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 years ended December 31, 2013, 2012 and 2011. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. | |||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Beginning balance | $ | 933 | $ | 1,902 | $ | 1,096 | $ | 253 | $ | 76 | $ | 320 | $ | 4,580 | |||||||||||||||
Provision for loan losses | 451 | 78 | 173 | (75 | ) | 13 | 200 | 840 | |||||||||||||||||||||
Charge-offs | (190 | ) | (108 | ) | (82 | ) | — | (48 | ) | (428 | ) | ||||||||||||||||||
Recoveries | 25 | — | 18 | — | 50 | 93 | |||||||||||||||||||||||
Net charge-offs | -165 | -108 | -64 | — | 2 | -335 | |||||||||||||||||||||||
Ending balance | $ | 1,219 | $ | 1,872 | $ | 1,205 | $ | 178 | $ | 91 | $ | 520 | $ | 5,085 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,024 | $ | 1,673 | $ | 894 | $ | 180 | $ | 78 | $ | 233 | $ | 4,082 | |||||||||||||||
Provision for loan losses | (78 | ) | 512 | 206 | 73 | 23 | 87 | 823 | |||||||||||||||||||||
Charge-offs | (29 | ) | (283 | ) | (106 | ) | — | (89 | ) | (507 | ) | ||||||||||||||||||
Recoveries | 16 | — | 102 | — | 64 | 182 | |||||||||||||||||||||||
Net charge-offs | -13 | -283 | -4 | — | -25 | -325 | |||||||||||||||||||||||
Ending balance | $ | 933 | $ | 1,902 | $ | 1,096 | $ | 253 | $ | 76 | $ | 320 | $ | 4,580 | |||||||||||||||
December 31, 2011 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,179 | $ | 1,183 | $ | 1,057 | $ | 213 | $ | 80 | $ | 319 | $ | 4,031 | |||||||||||||||
Provision for loan losses | 294 | 558 | 115 | 8 | 61 | (86 | ) | 950 | |||||||||||||||||||||
Charge-offs | (487 | ) | (68 | ) | (297 | ) | (41 | ) | (121 | ) | (1,014 | ) | |||||||||||||||||
Recoveries | 38 | — | 19 | — | 58 | 115 | |||||||||||||||||||||||
Net charge-offs | -449 | -68 | -278 | -41 | -63 | -899 | |||||||||||||||||||||||
Ending balance | $ | 1,024 | $ | 1,673 | $ | 894 | $ | 180 | $ | 78 | $ | 233 | $ | 4,082 | |||||||||||||||
The following table presents the balance in the allowance for loan losses and the ending loan balances by portfolio segment and impairment method as of December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending allowance balances attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 241 | $ | 331 | $ | 212 | $ | — | $ | — | $ | — | $ | 784 | |||||||||||||||
Collectively evaluated for impairment | 978 | 1,541 | 993 | 178 | 91 | 520 | 4,301 | ||||||||||||||||||||||
Total ending allowance balance | $ | 1,219 | $ | 1,872 | $ | 1,205 | $ | 178 | $ | 91 | $ | 520 | $ | 5,085 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 5,576 | $ | 3,220 | $ | 1,844 | $ | — | $ | — | $ | 10,640 | |||||||||||||||||
Loans collectively evaluated for impairment | 111,902 | 126,608 | 109,601 | 13,444 | 6,687 | 368,242 | |||||||||||||||||||||||
Total ending loans balance | $ | 117,478 | $ | 129,828 | $ | 111,445 | $ | 13,444 | $ | 6,687 | $ | 378,882 | |||||||||||||||||
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 December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Unpaid | Recorded | Recorded | Total | Related | Average | Interest | ||||||||||||||||||||||
Principal | Investment | Investment | Recorded | Allowance | Recorded | Income | |||||||||||||||||||||||
Balance | With No | With Allowance | Investment | Investment | Recognized | ||||||||||||||||||||||||
Allowance | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Commercial | $ | 5,595 | $ | 7 | $ | 5,580 | $ | 5,587 | $ | 241 | $ | 4,185 | $ | 182 | |||||||||||||||
Commercial real estate | 3,540 | 563 | 2,658 | 3,221 | 331 | 3,650 | 163 | ||||||||||||||||||||||
Residential real estate | 2,001 | 337 | 1,510 | 1,847 | 212 | 1,315 | 41 | ||||||||||||||||||||||
Construction & land development | — | — | — | — | — | 21 | 2 | ||||||||||||||||||||||
Total impaired loans | $ | 11,136 | $ | 907 | $ | 9,748 | $ | 10,655 | $ | 784 | $ | 9,171 | $ | 388 | |||||||||||||||
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 | |||||||||||||||
2011 | |||||||||||||||||||||||||||||
Commercial | $ | 4,605 | $ | — | $ | 4,605 | $ | 4,605 | $ | 165 | $ | 2,890 | $ | 91 | |||||||||||||||
Commercial real estate | 2,621 | — | 2,476 | 2,476 | 304 | 2,924 | 78 | ||||||||||||||||||||||
Residential real estate | 182 | — | 182 | 182 | 53 | 103 | — | ||||||||||||||||||||||
Construction & land development | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total impaired loans | $ | 7,408 | $ | — | $ | 7,263 | $ | 7,263 | $ | 522 | $ | 5,917 | $ | 169 | |||||||||||||||
The following table presents the aging of past due and nonaccrual loans by class of loans as of December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Current | 30-59 Days | 60-89 Days | 90 Days + | Nonaccrual | Total Past | Total | ||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Loans | |||||||||||||||||||||||||
Nonaccrual | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Commercial | $ | 117,342 | $ | 15 | $ | 37 | $ | — | $ | 84 | $ | 136 | $ | 117,478 | |||||||||||||||
Commercial real estate | 128,462 | 111 | 107 | 40 | 1,108 | 1,366 | 129,828 | ||||||||||||||||||||||
Residential real estate | 109,274 | 616 | 467 | 46 | 1,042 | 2,171 | 111,445 | ||||||||||||||||||||||
Construction & land development | 12,494 | — | — | 950 | — | 950 | 13,444 | ||||||||||||||||||||||
Consumer | 6,524 | 123 | 40 | — | — | 163 | 6,687 | ||||||||||||||||||||||
Total loans | $ | 374,096 | $ | 865 | $ | 651 | $ | 1,036 | $ | 2,234 | $ | 4,786 | $ | 378,882 | |||||||||||||||
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 | |||||||||||||||||||||||||||||
The Company had troubled debt restructurings (“TDRs”) of $8.6 million as of December 31, 2013, with $583 thousand of specific reserves allocated to customers whose loan terms have been modified in troubled debt restructurings. As of December 31, 2012, the Company had TDRs of $8.7 million, with $718 thousand of specific reserves allocated. At December 31, 2013, $7.8 million of the loans classified as TDRs were performing in accordance with their modified terms. Of the remaining $719 thousand, all were in nonaccrual of interest status. | |||||||||||||||||||||||||||||
None of the loans that were restructured in 2012 have defaulted in 2013. Of the loans that were restructured in 2011, one loan in the amount of $54 thousand subsequently defaulted in 2012. All of the loan modifications include extensions of the loan maturity dates. | |||||||||||||||||||||||||||||
Loan modifications that are considered TDRs completed during the year ended December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Number Of | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||
Loans Restructured | Recorded Investment | Recorded Investment | |||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Commercial | 3 | $ | 83 | $ | 83 | ||||||||||||||||||||||||
Residential real estate | 3 | 264 | 264 | ||||||||||||||||||||||||||
Total restructured loans | 6 | $ | 347 | $ | 347 | ||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||
Commercial real estate | 2 | $ | 177 | $ | 177 | ||||||||||||||||||||||||
Residential real estate | 9 | 798 | 798 | ||||||||||||||||||||||||||
Total restructured loans | 11 | $ | 975 | $ | 975 | ||||||||||||||||||||||||
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. This analysis 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 a minimum represent an acceptable risk to the Bank. Borrowers in this rating may have leveraged but acceptable balance sheet positions, satisfactory asset quality, 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 a material weakness that deserves management’s close attention. If left uncorrected, these weaknesses may result in deterioration of the repayment prospects for the loan or of the Bank’s credit position 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 Bank 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 not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $275 thousand or are included in groups of homogeneous loans. Based on the most recent analysis performed, the risk category of loans by class is as follows at December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Pass | Special | Substandard | Doubtful | Not Rated | Total | |||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Commercial | $ | 101,195 | $ | 10,352 | $ | 5,066 | $ | — | $ | 865 | $ | 117,478 | |||||||||||||||||
Commercial real estate | 115,265 | 9,076 | 4,041 | — | 1,446 | 129,828 | |||||||||||||||||||||||
Residential real estate | 237 | — | 47 | — | 111,161 | 111,445 | |||||||||||||||||||||||
Construction & land development | 9,470 | 587 | 1,884 | — | 1,503 | 13,444 | |||||||||||||||||||||||
Consumer | — | — | — | — | 6,687 | 6,687 | |||||||||||||||||||||||
Total | $ | 226,167 | $ | 20,015 | $ | 11,038 | $ | — | $ | 121,662 | $ | 378,882 | |||||||||||||||||
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 | |||||||||||||||||
Nonperforming loans include loans past due 90 days and greater and loans on nonaccrual of interest status. The following table presents loans that are not rated, by class of loans as of December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Performing | Nonperforming | Total | ||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Commercial | $ | 865 | $ | — | $ | 865 | |||||||||||||||||||||||
Commercial real estate | 1,446 | — | 1,446 | ||||||||||||||||||||||||||
Residential real estate | 110,119 | 1,042 | 111,161 | ||||||||||||||||||||||||||
Construction & land development | 1,503 | — | 1,503 | ||||||||||||||||||||||||||
Consumer | 6,687 | — | 6,687 | ||||||||||||||||||||||||||
Total | $ | 120,620 | $ | 1,042 | $ | 121,662 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||
Mortgage Servicing Rights | |||||||||||||||||||||||||||||
For the years ended December 31, 2013 and 2012, the Company had outstanding mortgage servicing rights (“MSRs”) of $225 thousand and $214 thousand, respectively. No valuation allowance was recorded at December 31, 2013 or 2012 as the fair value of the MSRs exceeded their carrying value. On December 31, 2013, the Company had $56.9 million residential mortgage loans with servicing retained as compared to $52.7 million with servicing retained at December 31, 2012. | |||||||||||||||||||||||||||||
Total loans serviced for others approximated $70.2 million and $60.2 million at December 31, 2013 and 2012, respectively. |
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Premises and Equipment | ' | ||||||||
NOTE 4 – PREMISES AND EQUIPMENT | |||||||||
Premises and equipment consist of the following at December 31: | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Land and improvements | $ | 1,489 | $ | 1,489 | |||||
Buildings and improvements | 9,656 | 9,422 | |||||||
Furniture and equipment | 7,327 | 6,763 | |||||||
Leasehold improvements | 260 | 260 | |||||||
18,732 | 17,934 | ||||||||
Accumulated depreciation | 10,042 | 9,459 | |||||||
Premises and equipment, net | $ | 8,690 | $ | 8,475 | |||||
The Bank leases certain office locations. Total rental expense under these leases approximated $299 thousand, $298 thousand, and $187 thousand in 2013, 2012 and 2011, respectively. Depreciation expense amounted to $625 thousand, $567 thousand and $530 thousand for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||
Future minimum lease payments at December 31, 2013 were as follows: | |||||||||
(Dollars in thousands) | |||||||||
2014 | $ | 299 | |||||||
2015 | 294 | ||||||||
2016 | 172 | ||||||||
2017 | 32 | ||||||||
Total | $ | 797 | |||||||
Core_Deposit_Intangible_Assets
Core Deposit Intangible Assets | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Core Deposit Intangible Assets | ' | ||||||||||||
NOTE 5 – CORE DEPOSIT INTANGIBLE ASSETS | |||||||||||||
Core Deposit Intangible | |||||||||||||
No additional core deposit intangible was recorded in 2013 or 2012, with $706 thousand recorded as a result of the acquisition of two branches in Wooster, Ohio in 2011. The core deposit intangible asset will be amortized over an estimated life of ten years. Amortization expense related to the core deposit intangible asset totaled $135 thousand, $140 thousand and $78 thousand in 2013, 2012 and 2011, respectively. The following table shows the core deposit intangible and the related accumulated amortization as of December 31: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Gross carrying amount | $ | 1,251 | $ | 1,251 | $ | 1,251 | |||||||
Accumulated amortization | (492 | ) | (357 | ) | (217 | ) | |||||||
Net carrying amount | $ | 759 | $ | 894 | $ | 1,034 | |||||||
The estimated aggregate future amortization expense for the core deposit assets remaining as of December 31, 2013 is as follows: | |||||||||||||
(Dollars in thousands) | Core Deposit | ||||||||||||
Amortization | |||||||||||||
2014 | $ | 129 | |||||||||||
2015 | 125 | ||||||||||||
2016 | 121 | ||||||||||||
2017 | 116 | ||||||||||||
2018 | 101 | ||||||||||||
Thereafter | 167 | ||||||||||||
$ | 759 | ||||||||||||
InterestBearing_Deposits
Interest-Bearing Deposits | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Banking And Thrift [Abstract] | ' | ||||||||
Interest-Bearing Deposits | ' | ||||||||
NOTE 6 - INTEREST-BEARING DEPOSITS | |||||||||
Interest-bearing deposits at December 31 are as follows: | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Demand | $ | 76,327 | $ | 74,429 | |||||
Savings | 149,937 | 138,794 | |||||||
Time deposits: | |||||||||
In excess of $100,000 | 42,562 | 54,163 | |||||||
Other | 91,782 | 103,910 | |||||||
Total interest-bearing deposits | $ | 360,608 | $ | 371,296 | |||||
At December 31, 2013, stated maturities of time deposits were as follows: | |||||||||
(Dollars in thousands) | |||||||||
2014 | $ | 75,051 | |||||||
2015 | 25,282 | ||||||||
2016 | 18,791 | ||||||||
2017 | 8,271 | ||||||||
2018 | 6,902 | ||||||||
2019 and beyond | 47 | ||||||||
Total | $ | 134,344 | |||||||
Borrowings
Borrowings | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||
Borrowings | ' | ||||||||||||||||||||||||||||
NOTE 7 – BORROWINGS | |||||||||||||||||||||||||||||
Short-term borrowings | |||||||||||||||||||||||||||||
Short-term borrowings include overnight repurchase agreements, federal funds purchased and short-term advances through the FHLB. The outstanding balances and related information for short-term borrowings are summarized as follows: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Balance at year-end | $ | 48,671 | $ | 43,992 | |||||||||||||||||||||||||
Average balance outstanding | 45,330 | 40,893 | |||||||||||||||||||||||||||
Maximum month-end balance | 48,671 | 43,992 | |||||||||||||||||||||||||||
Weighted-average rate at year-end | 0.15 | % | 0.2 | % | |||||||||||||||||||||||||
Weighted-average rate during the year | 0.15 | 0.22 | |||||||||||||||||||||||||||
Average balances outstanding during the year represent daily average balances, and average interest rates represent interest expenses divided by the related average balances. | |||||||||||||||||||||||||||||
Other borrowings | |||||||||||||||||||||||||||||
The following table sets forth information concerning other borrowings: | |||||||||||||||||||||||||||||
Maturity Range | Weighted | Stated | At December 31, | ||||||||||||||||||||||||||
Average | Interest Rate | ||||||||||||||||||||||||||||
Interest | Range | ||||||||||||||||||||||||||||
(Dollars in thousands) | From | To | Rate | From | To | 2013 | 2012 | ||||||||||||||||||||||
Fixed rate | 10/2/14 | 12/21/17 | 3.62 | % | 3.48 | % | 3.73 | % | $ | 12,000 | $ | 12,000 | |||||||||||||||||
Fixed rate amortizing | 1/1/14 | 3/1/17 | 5.99 | 4.8 | 7.15 | 459 | 672 | ||||||||||||||||||||||
$ | 12,459 | $ | 12,672 | ||||||||||||||||||||||||||
Maturities of other borrowings at December 31, 2013, are summarized as follows for the years ended December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Amount | Weighted | |||||||||||||||||||||||||||
Average | |||||||||||||||||||||||||||||
Rate | |||||||||||||||||||||||||||||
2014 | $ | 2,190 | 3.91 | % | |||||||||||||||||||||||||
2015 | 169 | 6.01 | |||||||||||||||||||||||||||
2016 | 97 | 5.84 | |||||||||||||||||||||||||||
2017 | 10,003 | 3.61 | |||||||||||||||||||||||||||
$ | 12,459 | 3.71 | % | ||||||||||||||||||||||||||
Monthly principal and interest payments are due on the fixed rate amortizing borrowings; additionally a 10% principal curtailment is due on the borrowing’s anniversary date. FHLB borrowings are secured by a blanket collateral agreement. At December 31, 2013 the Company has the capacity to borrow an additional $42.1 million from the FHLB. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Taxes | ' | ||||||||||||
NOTE 8 – INCOME TAXES | |||||||||||||
The provision for income taxes consists of the following for the years ended December 31: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Current | $ | 2,196 | $ | 2,040 | $ | 1,257 | |||||||
Deferred | 77 | (50 | ) | 345 | |||||||||
Total income tax provision | $ | 2,273 | $ | 1,990 | $ | 1,602 | |||||||
The income tax provision attributable to income from operations differs from the amounts computed by applying the statutory federal income tax rate of 34% to income before income taxes as follows: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Expected provision using statutory federal income tax rate | $ | 2,554 | $ | 2,223 | $ | 1,798 | |||||||
Tax-exempt income on state and municipal securities and political subdivision loans | (203 | ) | (269 | ) | (169 | ) | |||||||
Interest expense associated with carrying certain state and municipal securities and political subdivision loans | 6 | 6 | 8 | ||||||||||
Tax-exempt income on bank owned life insurance | (86 | ) | (78 | ) | (36 | ) | |||||||
Other | 2 | 108 | 1 | ||||||||||
Total income tax provision | $ | 2,273 | $ | 1,990 | $ | 1,602 | |||||||
The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities at December 31 are as follows: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||
Allowance for loan losses | $ | 1,887 | $ | 1,470 | |||||||||
Net operating loss carryforward | 470 | 598 | |||||||||||
Capital loss carryforward | 35 | 35 | |||||||||||
Unrealized loss on securities available-for-sale | 750 | — | |||||||||||
Other | 37 | 109 | |||||||||||
3,179 | 2,212 | ||||||||||||
Valuation allowance on deferred tax assets | -35 | -35 | |||||||||||
Deferred tax assets | 3,144 | 2,177 | |||||||||||
Premises and equipment | (443 | ) | (399 | ) | |||||||||
Federal Home Loan Bank stock dividends | (736 | ) | (736 | ) | |||||||||
Deferred loan fees | (226 | ) | (173 | ) | |||||||||
Unrealized gain on securities available-for-sale | — | (960 | ) | ||||||||||
Prepaid expenses | (120 | ) | (120 | ) | |||||||||
Other | (462 | ) | (265 | ) | |||||||||
Deferred tax liabilities | (1,987 | ) | (2,653 | ) | |||||||||
Net deferred tax asset (liability) | $ | 1,157 | $ | (476 | ) | ||||||||
The Company has a net operating loss tax carryforward of approximately $1.4 million, as of December 31, 2013. The net operating loss carryforward can be used to offset future taxable income and will begin to expire in tax year 2026. | |||||||||||||
The Company believes it is more likely than not that the benefit of deferred tax assets will be realized with the possible exception of the capital loss carryforward due to expire in 2014. A valuation allowance for the capital loss carryforward is reflected at December 31, 2013 and 2012. No additional valuation allowance is deemed necessary in view of certain tax strategies, coupled with the anticipated future taxable income as evidenced by the Company’s earnings. | |||||||||||||
There is currently no liability for uncertain tax positions and no known unrecognized tax benefits. CSB recognizes, when applicable, interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Consolidated Statement of Income. With few exceptions, CSB is no longer subject to U.S. federal, state, or local income tax examinations by tax authorities for years prior to 2010. |
Employee_Benefits
Employee Benefits | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||||||||||||||
Employee Benefits | ' | ||||||||||||||||||||||||
NOTE 9 – EMPLOYEE BENEFITS | |||||||||||||||||||||||||
The Company sponsors a contributory 401(k) profit-sharing plan (the “Plan”) covering substantially all employees who meet certain age and service requirements. The Plan permits investment in the Company’s common stock subject to various limitations and provides for discretionary profit sharing and matching contributions. The discretionary profit sharing contribution is determined annually by the Board of Directors and amounted to 2.75% of each eligible participant’s compensation in 2013 and 2.5% of each eligible participant’s compensation for 2012 and 2011, respectively. The Plan also provides for a 50% Company match of participant contributions up to a maximum of 2% of each participant’s annual compensation. Expense under the Plan amounted to approximately $284 thousand, $270 thousand and $242 thousand for 2013, 2012 and 2011, respectively. | |||||||||||||||||||||||||
The Company maintains a stock option plan. No stock options were granted during the three years presented. | |||||||||||||||||||||||||
The following summarizes stock options activity for the years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||||||||
Average | Average | Average | |||||||||||||||||||||||
Exercise | Exercise | Exercise | |||||||||||||||||||||||
Price | Price | Price | |||||||||||||||||||||||
Outstanding at beginning of year | 31,760 | $ | 17.85 | 39,620 | $ | 17.49 | 39,945 | $ | 17.48 | ||||||||||||||||
Granted | — | — | — | — | — | — | |||||||||||||||||||
Exercised | (1,000 | ) | (16.10 | ) | (4,650 | ) | (16.05 | ) | — | — | |||||||||||||||
Forfeited | — | (3,210 | ) | (16.06 | ) | (325 | ) | (16.05 | ) | ||||||||||||||||
Outstanding at end of year | 30,760 | 17.9 | 31,760 | 17.85 | 39,620 | 17.49 | |||||||||||||||||||
Options exercisable at year-end | 30,760 | $ | 17.9 | 31,760 | $ | 17.85 | 39,620 | $ | 17.49 | ||||||||||||||||
Weighted-average fair value of options granted during year | N/A | N/A | N/A | ||||||||||||||||||||||
Options outstanding at December 31, 2013 were as follows: | |||||||||||||||||||||||||
Outstanding | |||||||||||||||||||||||||
Range Of Exercise Prices | Number | Weighted | Number | Weighted | |||||||||||||||||||||
Average | Average | ||||||||||||||||||||||||
Remaining | Exercise | ||||||||||||||||||||||||
Contractual | Price | ||||||||||||||||||||||||
Life (Years) | |||||||||||||||||||||||||
$15.00 | 1,000 | 0.6 | 1,000 | $ | 15 | ||||||||||||||||||||
18 | 29,760 | 2.22 | 29,760 | 18 | |||||||||||||||||||||
Outstanding at year-end | 30,760 | 2.17 | 30,760 | $ | 17.9 | ||||||||||||||||||||
The total intrinsic value of outstanding in-the-money stock options and outstanding in-the-money exercisable stock options was $34 thousand and $4 thousand at December 31, 2013 and 2012, respectively. There were 1,000 and 4,650 stock options exercised in 2013 and 2012, respectively and no stock options exercised in 2011. There were no share awards vested in 2013 or 2012. |
Financial_Instruments_with_Off
Financial Instruments with Off-Balance Sheet Risk | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Financial Instruments with Off-Balance Sheet Risk | ' | ||||||||
NOTE 10 – FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK | |||||||||
The Bank is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are primarily loan commitments to extend credit and letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amounts recognized in the Consolidated Balance Sheets. The contract amount of these instruments reflects the extent of involvement the Bank has in these financial instruments. The Bank’s exposure to credit loss in the event of the nonperformance by the other party to the financial instruments for loan commitments to extend credit and letters of credit is represented by the contractual amounts of these instruments. The Bank uses the same credit policies in making loan commitments as it does for on-balance sheet loans. | |||||||||
The following financial instruments whose contract amount represents credit risk were outstanding at December 31: | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Commitments to extend credit | $ | 119,571 | $ | 105,829 | |||||
Letters of credit | $ | 679 | $ | 1,539 | |||||
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral, obtained if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the customer. Collateral held varies but may include accounts receivable, recognized inventory, property, plant and equipment, and income-producing commercial properties. | |||||||||
Letters of credit are written conditional commitments issued by the Company to guarantee the performance of a customer to a third party and are reviewed for renewal at expiration. All letters of credit outstanding at December 31, 2013 are due on demand or expire in 2014. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The Company requires collateral supporting these commitments when deemed appropriate. |
RelatedParty_Transactions
Related-Party Transactions | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Related Party Transactions [Abstract] | ' | ||||
Related-Party Transactions | ' | ||||
NOTE 11 – RELATED-PARTY TRANSACTIONS | |||||
In the ordinary course of business, loans are granted by the Company to executive officers, directors and their related business interests consistent with Federal Reserve Regulation O. The following is an analysis of activity of related-party loans for the year end December 31, 2013: | |||||
(Dollars in thousands) | |||||
Balance at beginning of year | $ | 6,218 | |||
New loans and advances | 315 | ||||
Repayments, including loans sold | 1,441 | ||||
Balance at end of year | $ | 5,092 | |||
Deposits from executive officers, directors and their related business interests at both December 31, 2013 and 2012 were approximately $10.4 million and $10.5 million. |
Regulatory_Matters
Regulatory Matters | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Matters | ' | ||||||||||||||||||||||||
NOTE 12 – REGULATORY MATTERS | |||||||||||||||||||||||||
The Company (on a consolidated basis) and Bank are subject to various regulatory capital requirements administered by the federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s and Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of the assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. | |||||||||||||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios (set forth in the following table) of Total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital to average assets (as defined). Management believes, as of December 31, 2013 and 2012, that the Company and Bank met or exceeded all capital adequacy requirements to which they are subject. | |||||||||||||||||||||||||
As of December 31, 2013, the most recent notification from federal and state banking agencies categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized” an institution must maintain minimum Total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following tables. There are no known conditions or events since that notification that Management believes have changed the Bank’s category. | |||||||||||||||||||||||||
The actual capital amounts and ratios of the Company and Bank as of December 31, are presented in the following tables: | |||||||||||||||||||||||||
Minimum | Minimum Required | ||||||||||||||||||||||||
Required For | To Be Well Capitalized | ||||||||||||||||||||||||
Capital Adequacy | Under Prompt | ||||||||||||||||||||||||
Actual | Purposes | Corrective Action | |||||||||||||||||||||||
(Dollars in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||
2013 | |||||||||||||||||||||||||
Total capital (to risk-weighted assets) | |||||||||||||||||||||||||
Consolidated | $ | 53,268 | 13.6 | % | $ | 31,416 | 8 | % | $ | 39,270 | 10 | % | |||||||||||||
Bank | 52,458 | 13.4 | 31,392 | 8 | 39,240 | 10 | |||||||||||||||||||
Tier I capital (to risk-weighted assets) | |||||||||||||||||||||||||
Consolidated | 48,357 | 12.3 | 15,708 | 4 | 23,562 | 6 | |||||||||||||||||||
Bank | 47,558 | 12.1 | 15,696 | 4 | 23,544 | 6 | |||||||||||||||||||
Tier I capital (to average assets) | |||||||||||||||||||||||||
Consolidated | 48,357 | 8.2 | 23,550 | 4 | 29,438 | 5 | |||||||||||||||||||
Bank | 47,558 | 8.1 | 23,544 | 4 | 29,430 | 5 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||
Total capital (to risk-weighted assets) | |||||||||||||||||||||||||
Consolidated | $ | 49,534 | 13.3 | % | $ | 29,707 | 8 | % | $ | 37,134 | 10 | % | |||||||||||||
Bank | 48,940 | 13.2 | 29,695 | 8 | 37,118 | 10 | |||||||||||||||||||
Tier I capital (to risk-weighted assets) | |||||||||||||||||||||||||
Consolidated | 44,946 | 12.1 | 14,854 | 4 | 22,280 | 6 | |||||||||||||||||||
Bank | 44,352 | 12 | 14,847 | 4 | 22,271 | 6 | |||||||||||||||||||
Tier I capital (to average assets) | |||||||||||||||||||||||||
Consolidated | 44,946 | 7.9 | 22,794 | 4 | 28,493 | 5 | |||||||||||||||||||
Bank | 44,352 | 7.8 | 22,788 | 4 | 28,485 | 5 | |||||||||||||||||||
The Company’s primary source of funds with which to pay dividends are dividends received from the Bank. The payment of dividends by the Bank to the Company is subject to restrictions by its regulatory agencies. These restrictions generally limit dividends to current year net income and prior two-years’ net retained earnings. Also, dividends may not reduce capital levels below the minimum regulatory requirements disclosed in the prior table. Under these provisions, at January 1, 2014, the Bank could dividend $7.5 million to the Company. The Company does not anticipate the financial need to obtain regulatory approval due to its current cash balances and ability to access the credit markets. Federal law prevents the Company from borrowing from the Bank unless loans are secured by specific obligations. Further, such secured loans are limited to an amount not exceeding ten percent of the Bank’s common stock and capital surplus. |
Condensed_Parent_Company_Finan
Condensed Parent Company Financial Information | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Parent Company Financial Information | ' | ||||||||||||
NOTE 13 – CONDENSED PARENT COMPANY FINANCIAL INFORMATION | |||||||||||||
A summary of condensed financial information of the parent company as of December 31, 2013 and 2012 and for each of the three years in the period ended December 31, 2013 follows: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||
CONDENSED BALANCE SHEETS | |||||||||||||
ASSETS | |||||||||||||
Cash deposited with subsidiary bank | $ | 598 | $ | 388 | |||||||||
Investment in subsidiary bank | 51,596 | 51,858 | |||||||||||
Securities available-for-sale | 128 | 69 | |||||||||||
Other assets | 192 | 207 | |||||||||||
TOTAL ASSETS | $ | 52,514 | $ | 52,522 | |||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||||
Total liabilities | $ | 103 | $ | 69 | |||||||||
Total shareholders’ equity | 52,411 | 52,453 | |||||||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 52,514 | $ | 52,522 | |||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
CONDENSED STATEMENTS OF INCOME | |||||||||||||
Interest on securities | $ | 2 | $ | 2 | $ | 1 | |||||||
Dividends from subsidiary | 2,400 | 2,000 | 2,300 | ||||||||||
Total income | 2,402 | 2,002 | 2,301 | ||||||||||
Operating expenses | 356 | 354 | 336 | ||||||||||
Income before taxes and undistributed equity income of subsidiary | 2,046 | 1,648 | 1,965 | ||||||||||
Income tax benefit | (121 | ) | (120 | ) | (115 | ) | |||||||
Equity earnings in subsidiary, net of dividends | 3,073 | 2,779 | 1,607 | ||||||||||
NET INCOME | $ | 5,240 | $ | 4,547 | $ | 3,687 | |||||||
COMPREHENSIVE INCOME | $ | 1,920 | $ | 4,981 | $ | 4,244 | |||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
CONDENSED STATEMENTS OF CASH FLOWS | |||||||||||||
Cash flows from operating activities: | |||||||||||||
Net income | $ | 5,240 | $ | 4,547 | $ | 3,687 | |||||||
Adjustments to reconcile net income to cash provided by operations: | |||||||||||||
Equity earnings in subsidiary, net of dividends | (3,073 | ) | (2,779 | ) | (1,607 | ) | |||||||
Change in other assets, liabilities | 42 | 49 | 48 | ||||||||||
Net cash provided by operating activities | 2,209 | 1,817 | 2,128 | ||||||||||
Cash flows from investing activities: | |||||||||||||
Purchase of investment securities | (37 | ) | — | — | |||||||||
Net cash used in investing activities | (37 | ) | — | — | |||||||||
Cash flows from financing activities: | |||||||||||||
Cash dividends paid | (1,970 | ) | (1,969 | ) | (1,969 | ) | |||||||
Cash received from exercise of stock options | 8 | 5 | — | ||||||||||
Net cash used in financing activities | (1,962 | ) | (1,964 | ) | (1,969 | ) | |||||||
Increase (decrease) in cash | 210 | (147 | ) | 159 | |||||||||
Cash at beginning of year | 388 | 535 | 376 | ||||||||||
Cash at end of year | $ | 598 | $ | 388 | $ | 535 | |||||||
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
NOTE 14 – 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; inputs that are derived principally from or corroborated by observable market data by or other means including certified appraisals. 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 December 31, 2013 and December 31, 2012, by level within the fair value hierarchy. No liabilities are carried at fair value. As required by the accounting standards, 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 corporations and agencies, mortgage-backed securities, asset-backed securities and obligations of states and political subdivisions are valued at observable market data for similar assets. | |||||||||||||||||
(Dollars in thousands) | Level I | Level II | Level III | Total | |||||||||||||
December 31, 2013 | |||||||||||||||||
Assets: | |||||||||||||||||
Securities available-for-sale | |||||||||||||||||
U.S. Treasury security | $ | 997 | $ | — | $ | — | $ | 997 | |||||||||
U.S. Government agencies | — | 22,301 | — | 22,301 | |||||||||||||
Mortgage-backed securities of government agencies | — | 54,535 | — | 54,535 | |||||||||||||
Asset-backed securities of government agencies | — | 2,775 | — | 2,775 | |||||||||||||
State and political subdivisions | — | 16,447 | — | 16,447 | |||||||||||||
Corporate bonds | — | 4,539 | — | 4,539 | |||||||||||||
Total debt securities | 997 | 100,597 | — | 101,594 | |||||||||||||
Equity securities | 128 | — | — | 128 | |||||||||||||
Total available-for-sale securities | $ | 1,125 | $ | 100,597 | $ | — | $ | 101,722 | |||||||||
31-Dec-12 | |||||||||||||||||
Assets: | |||||||||||||||||
Securities available-for-sale | |||||||||||||||||
U.S. Treasury security | $ | 100 | $ | — | $ | — | $ | 100 | |||||||||
U.S. Government agencies | — | 35,980 | — | 35,980 | |||||||||||||
Mortgage-backed securities of government agencies | — | 69,039 | — | 69,039 | |||||||||||||
Asset-backed securities of government agencies | — | 2,823 | — | 2,823 | |||||||||||||
State and political subdivisions | — | 16,883 | — | 16,883 | |||||||||||||
Corporate bonds | — | 4,397 | — | 4,397 | |||||||||||||
Total debt securities | 100 | 129,122 | — | 129,222 | |||||||||||||
Equity securities | 69 | — | — | 69 | |||||||||||||
Total available-for-sale securities | $ | 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 December 31, 2013 and December 31, 2012, by level within the fair value hierarchy. Impaired loans and other real estate that are collateral dependent are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral securing the impaired loans include: quoted market prices for identical assets classified as Level I inputs; observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs. | |||||||||||||||||
The fair value of MSRs 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 | |||||||||||||
31-Dec-13 | |||||||||||||||||
Assets measured on a nonrecurring basis: | |||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 9,856 | $ | 9,856 | |||||||||
Mortgage servicing rights | — | — | 225 | 225 | |||||||||||||
31-Dec-12 | |||||||||||||||||
Assets measured on a nonrecurring basis: | |||||||||||||||||
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 | |||||||||||||||||
(Dollars in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||
Estimate | Techniques | Input | (Weighted Average) | ||||||||||||||
31-Dec-13 | |||||||||||||||||
Impaired loans | $ | 8,663 | Discounted cash flow | Remaining term Discount rate | 3 mos to 29 yrs / (62 mos) | ||||||||||||
7.1% to 12% / (7.5%) | |||||||||||||||||
1,193 | Appraisal of collateral1,3 | Appraisal adjustments2 Liquidation expense2 | –20% to –25% | ||||||||||||||
–10% | |||||||||||||||||
Mortgage servicing rights | 225 | Discounted cash flow | Remaining term Discount rate | 12 mos to 30 yrs / (244 mos) | |||||||||||||
1.5% / (1.5%) | |||||||||||||||||
Quantitative Information about Level III Fair Value Measurements | |||||||||||||||||
(Dollars in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||
Estimate | Techniques | Input | (Weighted Average) | ||||||||||||||
31-Dec-12 | |||||||||||||||||
Impaired loans | $ | 7,260 | Discounted cash flow | Remaining term Discount rate | 4 mos to 29 yrs / (74 mos) | ||||||||||||
7.5% to 12% / (7.8%) | |||||||||||||||||
2,152 | Appraisal of collateral1,3 | Appraisal adjustments2 Liquidation expense2 | –20% to –35% | ||||||||||||||
–10% | |||||||||||||||||
Other real estate owned | 25 | Appraisal of collateral1,3 | Management discount for property type3 | 0% to –67% | |||||||||||||
Mortgage servicing rights | 214 | Discounted cash flow | Remaining term Discount rate | 24 mos to 30 yrs / (244 mos) | |||||||||||||
1.5% / (1.5%) | |||||||||||||||||
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 | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Investments All Other Investments [Abstract] | ' | ||||||||||||||||||||
Fair Values of Financial Instruments | ' | ||||||||||||||||||||
NOTE 15 – FAIR VALUES OF FINANCIAL INSTRUMENTS | |||||||||||||||||||||
The estimated fair values of recognized financial instruments as of December 31 are as follows: | |||||||||||||||||||||
2013 | |||||||||||||||||||||
Carrying | Total Fair | ||||||||||||||||||||
(Dollars in thousands) | Value | Level I | Level II | Level III | Value | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 42,599 | $ | 42,599 | $ | — | $ | — | $ | 42,599 | |||||||||||
Securities available-for-sale | 101,722 | 1,125 | 100,597 | — | 101,722 | ||||||||||||||||
Securities held-to-maturity | 44,350 | — | 42,643 | — | 42,643 | ||||||||||||||||
Restricted stock | 5,463 | — | 5,463 | — | 5,463 | ||||||||||||||||
Net loans | 374,040 | — | — | 375,055 | 375,055 | ||||||||||||||||
Bank-owned life insurance | 9,551 | 9,551 | — | — | 9,551 | ||||||||||||||||
Accrued interest receivable | 1,374 | 1,374 | — | — | 1,374 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 480,933 | $ | 346,589 | $ | — | $ | 135,106 | $ | 481,695 | |||||||||||
Short-term borrowings | 48,671 | 48,671 | — | — | 48,671 | ||||||||||||||||
Other borrowings | 12,459 | — | — | 12,559 | 12,559 | ||||||||||||||||
Accrued interest payable | 96 | 96 | — | — | 96 | ||||||||||||||||
2012 | |||||||||||||||||||||
Carrying | Total Fair | ||||||||||||||||||||
(Dollars in thousands) | Value | Level I | Level II | Level III | Value | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 66,878 | $ | 66,878 | $ | — | $ | — | $ | 66,878 | |||||||||||
Securities available-for-sale | 129,291 | 169 | 129,122 | — | 129,291 | ||||||||||||||||
Restricted stock | 5,463 | — | 5,463 | — | 5,463 | ||||||||||||||||
Net loans | 360,000 | — | — | 367,028 | 367,028 | ||||||||||||||||
Bank-owned life insurance | 8,298 | 8,298 | — | — | 8,298 | ||||||||||||||||
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; Accrued interest receivable; Short-term borrowings, and Accrued interest payable | |||||||||||||||||||||
The fair value of the above instruments is considered to be carrying value. | |||||||||||||||||||||
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 nonaccrual 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. | |||||||||||||||||||||
Restricted stock | |||||||||||||||||||||
Restricted stock includes FHLB 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 FHLB 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 December 31, 2013 and 2012. These financial instruments relate to commitments to extend credit and letters of credit. The aggregated contract amount of such financial instruments was approximately $120.3 million at December 31, 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 | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Equity [Abstract] | ' | ||||||||||||||
Accumulated Other Comprehensive Income | ' | ||||||||||||||
NOTE 16 – ACCUMULATED OTHER COMPREHENSIVE INCOME | |||||||||||||||
The following table presents the changes in accumulated other comprehensive (loss) income by component net of tax for the years ended December 31, 2013 and 2012. | |||||||||||||||
(Dollars in thousands) | Pretax | Tax Effect | After-tax | Affected Line | |||||||||||
Item in the | |||||||||||||||
Consolidated | |||||||||||||||
Statements of | |||||||||||||||
Income | |||||||||||||||
Balance as of December 31, 2012 | $ | 2,823 | $ | (959 | ) | $ | 1,864 | ||||||||
Unrealized holding loss on available-for-sale securities arising during the period | (3,195 | ) | 1,086 | (2,109 | ) | ||||||||||
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 | (1,931 | ) | 657 | (1,274 | ) | ||||||||||
Amortization of held-to-maturity discount resulting from transfer | 255 | (87 | ) | 168 | |||||||||||
Total other comprehensive loss | (5,030 | ) | 1,710 | (3,320 | ) | ||||||||||
BALANCE AS OF DECEMBER 31, 2013 | $ | (2,207 | ) | $ | 751 | $ | (1,456 | ) | |||||||
Balance as of December 31, 2011 | $ | 2,166 | $ | (736 | ) | $ | 1,430 | ||||||||
Unrealized holding gain on available-for-sale securities arising during the period | 657 | (223 | ) | 434 | |||||||||||
Total other comprehensive income | 657 | (223 | ) | 434 | |||||||||||
BALANCE AS OF DECEMBER 31, 2012 | $ | 2,823 | $ | (959 | ) | $ | 1,864 | ||||||||
(a) | Securities gain, net. | ||||||||||||||
(b) | Federal income tax provision. |
Contingent_Liabilities
Contingent Liabilities | 12 Months Ended |
Dec. 31, 2013 | |
Commitments And Contingencies Disclosure [Abstract] | ' |
Contingent Liabilities | ' |
NOTE 17 - CONTINGENT LIABILITIES | |
In the normal course of business, the Company is subject to pending and threatened legal actions. Although, the Company is not able to predict the outcome of such actions, after reviewing pending and threatened actions, management believes that the outcome of any or all such actions will not have a material adverse effect on the results of operations or shareholders’ equity of the Company. | |
The Company has an employment agreement with an officer. Upon the occurrence of certain types of termination of employment, the Company may be required to make specified severance payments if termination occurs within a specified period of time, generally two years from the date of the agreement, or pursuant to certain change in control transactions. |
Quarterly_Financial_Data_Unaud
Quarterly Financial Data (Unaudited) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||
Quarterly Financial Data (Unaudited) | ' | ||||||||||||||||||||
NOTE 18 – QUARTERLY FINANCIAL DATA (UNAUDITED) | |||||||||||||||||||||
The following is a summary of selected quarterly financial data (unaudited) for the years ended December 31: | |||||||||||||||||||||
(Dollars in thousands, except per share data) | Interest | Net Interest | Net | Basic | Diluted | ||||||||||||||||
Income | Income | Income | Earnings | Earnings | |||||||||||||||||
Per Share | Per Share | ||||||||||||||||||||
2013 | |||||||||||||||||||||
First quarter | $ | 5,300 | $ | 4,692 | $ | 1,362 | $ | 0.5 | $ | 0.5 | |||||||||||
Second quarter | 5,173 | 4,592 | 1,247 | 0.45 | 0.45 | ||||||||||||||||
Third quarter | 5,235 | 4,677 | 1,407 | 0.51 | 0.51 | ||||||||||||||||
Fourth quarter | 5,430 | 4,922 | 1,224 | 0.45 | 0.45 | ||||||||||||||||
2012 | |||||||||||||||||||||
First quarter | $ | 5,132 | $ | 4,313 | $ | 1,055 | $ | 0.39 | $ | 0.39 | |||||||||||
Second quarter | 5,151 | 4,397 | 1,141 | 0.41 | 0.41 | ||||||||||||||||
Third quarter | 5,148 | 4,426 | 1,231 | 0.45 | 0.45 | ||||||||||||||||
Fourth quarter | 5,153 | 4,470 | 1,120 | 0.41 | 0.41 | ||||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Use of Estimates in Preparing Financial Statements | ' | ||||||||||||
USE OF ESTIMATES IN PREPARING FINANCIAL STATEMENTS | |||||||||||||
In preparing Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Balance Sheets and reported amounts of revenues and expenses during each reporting period. Actual results could differ from those estimates. The most significant estimates susceptible to change in the near term relate to management’s determination of the allowance for loan losses and the fair value of financial instruments. | |||||||||||||
Principles of Consolidation | ' | ||||||||||||
PRINCIPLES OF CONSOLIDATION | |||||||||||||
The Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. | |||||||||||||
The Bank has established a trust department and the assets held by the Bank in fiduciary or agency capacities for its customers are not included in the Consolidated Balance Sheets as such items are not assets of the Bank. | |||||||||||||
Cash and Cash Equivalents | ' | ||||||||||||
CASH AND CASH EQUIVALENTS | |||||||||||||
For purposes of the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand and amounts due from banks which mature overnight or within ninety days. | |||||||||||||
Cash Reserve Requirements | ' | ||||||||||||
CASH RESERVE REQUIREMENTS | |||||||||||||
The Bank is required by the Federal Reserve to maintain reserves consisting of cash on hand and noninterest-earning balances on deposit with the Federal Reserve Bank. There was no required reserve balance at December 31, 2013 and 2012. | |||||||||||||
Securities | ' | ||||||||||||
SECURITIES | |||||||||||||
Securities designated as available-for-sale are carried at fair value with unrealized gains and losses on such securities, net of applicable income taxes, recognized as other comprehensive income (loss). During 2013, approximately $39 million par value U.S. Government agencies and mortgage-backed securities of government agencies were transferred from available-for-sale to held-to-maturity. At year end, 28% of the total investment portfolio was classified as held-to-maturity. The volatility in interest rates that has occurred recently does not have as much impact on other comprehensive income as if the entire portfolio was included in the available-for sale category. The held-to-maturity securities are carried at their fair value on the date of transfer or at purchase value if security purchases are designated as held-to-maturity. | |||||||||||||
The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity based on the interest method. Such amortization and accretion is included in interest and dividends on securities. | |||||||||||||
Gains and losses on sales of securities are accounted for on a trade date basis, using the specific identification method, and are included in noninterest income. Securities are periodically reviewed for other-than-temporary impairment based upon a number of factors, including, but not limited to, the length of time and extent to which the market value has been less than cost, the financial condition of the underlying issuer, the receipt of principal and interest according to the contractual terms, the ability of the issuer to meet contractual obligations, the likelihood of the security’s ability to recover any decline in its market value and management’s intent and ability to hold the security for a period of time sufficient to allow for a recovery in market value. Among the factors that are considered in determining management’s intent and ability to hold the security is a review of the Company’s capital adequacy, interest rate risk position and liquidity. The assessment of a security’s ability to recover any decline in market value, the ability of the issuer to meet contractual obligations and management’s intent and ability to hold the security requires considerable judgment. A decline in value that is considered to be other-than-temporary is recorded as a loss within non-interest income in the Consolidated Statements of Income. | |||||||||||||
Investments in Federal Home Loan Bank of Cincinnati (“FHLB”) and Federal Reserve Bank stock are classified as restricted stock, carried at cost, and evaluated for impairment. The Bank is required to maintain an investment in common stock of the FHLB and Federal Reserve Bank because the Bank is a member of the FHLB and the Federal Reserve System. We consider these stocks to be nonmarketable equity securities. | |||||||||||||
Federal Home Loan Bank of Cincinnati reported profits for 2013 and 2012, remains in compliance with regulatory capital and liquidity requirements, continues to pay dividends on the stock and redeems its stock at par value. With consideration given to these factors, management concluded that the stock was not impaired at December 31, 2013 or 2012. | |||||||||||||
Loans | ' | ||||||||||||
LOANS | |||||||||||||
Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, generally are stated at their outstanding principal amount, adjusted for charge-offs, the allowance for loan losses and any deferred loan fees or costs on originated loans. Interest is accrued based upon the daily outstanding principal balance. Loan origination fees and certain direct origination costs are capitalized and recognized as an adjustment of the yield over the life of the related loan. | |||||||||||||
Interest income is not reported when full repayment is in doubt, typically when the loan is impaired or payments are past due over 90 days. All interest accrued but not collected for loans that are placed on nonaccrual or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||||||||||||
At origination, a determination is made whether a loan will be held in the Bank’s portfolio or is intended for sale in the secondary market. Mortgage loans held for sale are recorded at the lower of the aggregate cost or fair value. Generally these loans are held for sale for less than three days. The Bank includes gains and losses on sales of the loans held for sale when the sale is completed. | |||||||||||||
Allowance for Loan Losses | ' | ||||||||||||
ALLOWANCE FOR LOAN LOSSES | |||||||||||||
The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | |||||||||||||
The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect borrowers’ ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. | |||||||||||||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial, commercial real estate, and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. | |||||||||||||
Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer loans for impairment disclosures. | |||||||||||||
Other Real Estate Owned | ' | ||||||||||||
OTHER REAL ESTATE OWNED | |||||||||||||
Other real estate acquired through or in lieu of foreclosure is initially recorded at fair value, less estimated costs to sell, and any loan balance in excess of fair value is charged to the allowance for loan losses. Subsequent valuations are periodically performed and write-downs are included in other operating expense, as are gains or losses upon sale and expenses related to maintenance of the properties. Other real estate owned amounted to $0 and $25 thousand at December 31, 2013 and 2012, respectively. | |||||||||||||
Premises and Equipment | ' | ||||||||||||
PREMISES AND EQUIPMENT | |||||||||||||
Premises and equipment is stated at cost less accumulated depreciation and amortization. Upon the sale or disposition of the assets, the difference between the depreciated cost and proceeds is charged or credited to income. Depreciation and amortization is determined based on the estimated useful lives of the individual assets (typically 20 to 40 years for buildings and 3 to 10 years for equipment) and is computed using the straight-line method. | |||||||||||||
Goodwill and Core Deposit in Intangible Assets | ' | ||||||||||||
GOODWILL AND CORE DEPOSIT INTANGIBLE ASSETS | |||||||||||||
Goodwill is not amortized, but is tested at least annually for impairment in the fourth quarter or more frequently if indicators of impairment are present. The evaluation for impairment involves comparing the estimated current fair value of the reporting unit to its carrying value, including goodwill. If the estimated current fair value of a reporting unit exceeds its carrying value, no additional testing is required and an impairment loss is not recorded. CSB uses market capitalization and multiples of tangible book value methods to determine the estimated current fair value of its reporting unit. Based on this analysis no impairment was recorded in 2013 or 2012. | |||||||||||||
The core deposit intangible assets are assigned useful lives, which are amortized on an accelerated basis over their weighted average lives. The Company periodically reviews the intangible asset for impairment as events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. | |||||||||||||
Mortgage Servicing Rights | ' | ||||||||||||
MORTGAGE SERVICING RIGHTS | |||||||||||||
Mortgage servicing rights (“MSRs”) represent the right to service loans for third party investors. MSRs are recognized as a separate asset upon the sale of mortgage loans to a third party investor with the servicing rights retained by CSB. Originated MSRs are recorded at allocated fair value at the time of the sale of the loans to the third party investor. MSRs are amortized in proportion to and over the estimated period of net servicing income. MSRs are carried at amortized cost, less a valuation allowance for impairment, if any. MSRs are evaluated on a discounted earnings basis to determine the present value of future earnings of the underlying serviced mortgages. All assumptions are reviewed annually or more frequently, if necessary, and adjusted to reflect current and anticipated market conditions. | |||||||||||||
Bank-owned Life Insurance | ' | ||||||||||||
BANK-OWNED LIFE INSURANCE | |||||||||||||
The cash surrender value of these policies is included as an asset on the Consolidated Balance Sheets and any increases in the cash surrender value are recorded as noninterest income on the Consolidated Statements of Income. In the event of the death of an insured individual under these policies, the Company would receive a death benefit, which would be recorded as noninterest income. | |||||||||||||
Repurchase Agreements | ' | ||||||||||||
REPURCHASE AGREEMENTS | |||||||||||||
Substantially all securities sold under repurchase agreements represent amounts advanced by various customers. Securities owned by the Bank are pledged to cover those obligations. These repurchase agreements are not deposits and are not covered by federal deposit insurance. | |||||||||||||
Advertising Costs | ' | ||||||||||||
ADVERTISING COSTS | |||||||||||||
All advertising costs are expensed as incurred. Advertising expenses amounted to $175 thousand, $190 thousand and $175 thousand for the years ended 2013, 2012 and 2011 respectively. | |||||||||||||
Federal Income Taxes | ' | ||||||||||||
FEDERAL INCOME TAXES | |||||||||||||
The Company and its subsidiaries file a consolidated tax return. Deferred income taxes are provided on temporary differences between financial statement and income tax reporting. Temporary differences are differences between the amounts of assets and liabilities reported for financial statement purposes and their tax bases. Deferred tax assets are recognized for temporary differences that will be deductible in future years’ tax returns and for operating loss and tax credit carryforwards. Deferred tax assets are reduced by a valuation allowance if it is deemed more likely than not that some or all of the deferred tax assets will not be realized. Deferred tax liabilities are recognized for temporary differences that will be taxable in future years’ tax returns. | |||||||||||||
The Bank, domiciled in Ohio, is not currently subject to state and local income taxes. | |||||||||||||
Stock-based Compensation | ' | ||||||||||||
STOCK-BASED COMPENSATION | |||||||||||||
The Company sponsored a stock-based compensation plan, administered by a committee. The incentive stock option plan expired in 2012. The Company recorded no stock-based compensation expense for 2013, 2012 or 2011. There was no income tax benefit recognized in the accompanying Consolidated Statements of Income related to stock-based compensation in 2013, 2012 or 2011. Shares issued in connection with stock option exercises were issued from available treasury shares in 2013. | |||||||||||||
As of December 31, 2013, there was no unrecognized compensation cost related to unvested share-based compensation awards outstanding. All shares are vested. | |||||||||||||
The fair value of each option is amortized into compensation expense on a straight-line basis between the grant date for the option and each vesting date. CSB estimates the fair value of stock options on the date of the grant using the Black-Scholes option pricing model. The model requires the use of numerous assumptions, many of which are highly subjective in nature. There were no option grants for the years ended December 31, 2013 and 2012. | |||||||||||||
Comprehensive Income | ' | ||||||||||||
COMPREHENSIVE INCOME | |||||||||||||
The Company includes recognized revenue, expenses, gains and losses in net income. Although certain changes in assets and liabilities such as unrealized gains and losses on available-for-sale securities are reported as a separate component of the equity section of the Consolidated Balance Sheets, these items along with net income are components of comprehensive income. | |||||||||||||
Transfers of Financial Assets | ' | ||||||||||||
TRANSFERS OF FINANCIAL ASSETS | |||||||||||||
Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. | |||||||||||||
Per Share Data | ' | ||||||||||||
PER SHARE DATA | |||||||||||||
Basic net income per share is computed based on the weighted average number of shares of common stock outstanding during each year. Diluted income per common share includes the dilutive effect of additional potential common shares issuable under stock options. | |||||||||||||
The weighted average number of common shares outstanding for basic and diluted earnings per share computations was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Weighted average common shares | 2,980,602 | 2,980,602 | 2,980,602 | ||||||||||
Average treasury shares | (244,129 | ) | (245,713 | ) | (245,803 | ) | |||||||
Total weighted average common shares outstanding (basic) | 2,736,473 | 2,734,889 | 2,734,799 | ||||||||||
Dilutive effect of assumed exercise of stock options | 2,004 | 252 | 39 | ||||||||||
Weighted average common shares outstanding (diluted) | 2,738,477 | 2,735,141 | 2,734,838 | ||||||||||
Dividends per share are based on the number of shares outstanding at the declaration date. | |||||||||||||
There were no stock options that were antidilutive at December 31, 2013. Options to purchase an aggregate of 29,760 common shares at $18.00 per share were outstanding at December 31, 2012 and 2011 and were antidilutive. | |||||||||||||
Accounting Developments | ' | ||||||||||||
ACCOUNTING DEVELOPMENTS | |||||||||||||
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. The standard 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 took effect for public companies in fiscal years, and interim periods within those years, beginning after December 15, 2012. The Company adopted this standard on January 1, 2013. The effect of adopting this standard increased our disclosure surrounding reclassification items out of accumulated other comprehensive income. | |||||||||||||
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. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. | |||||||||||||
In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments in this Update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. | |||||||||||||
Reclassification of Comparative Amounts | ' | ||||||||||||
RECLASSIFICATION OF COMPARATIVE AMOUNTS | |||||||||||||
Certain comparative amounts from the prior years have been reclassified to conform to current year classifications. Such classifications had no effect on net income or shareholders’ equity. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Computation of Weighted Average Number of Common Shares Outstanding for Basic and Diluted Earnings Per Share | ' | ||||||||||||
The weighted average number of common shares outstanding for basic and diluted earnings per share computations was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Weighted average common shares | 2,980,602 | 2,980,602 | 2,980,602 | ||||||||||
Average treasury shares | (244,129 | ) | (245,713 | ) | (245,803 | ) | |||||||
Total weighted average common shares outstanding (basic) | 2,736,473 | 2,734,889 | 2,734,799 | ||||||||||
Dilutive effect of assumed exercise of stock options | 2,004 | 252 | 39 | ||||||||||
Weighted average common shares outstanding (diluted) | 2,738,477 | 2,735,141 | 2,734,838 | ||||||||||
Securities_Tables
Securities (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Summary of Securities Available-for-Sale and Restricted Stock | ' | ||||||||||||||||||||||||
Securities consist of the following at December 31: | |||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S. Treasury security | $ | 1,005 | $ | — | $ | 8 | $ | 997 | |||||||||||||||||
U.S. Government agencies | 22,999 | 8 | 706 | 22,301 | |||||||||||||||||||||
Mortgage-backed securities of government agencies | 54,455 | 536 | 691 | 54,300 | |||||||||||||||||||||
Other mortgage-backed securities | 230 | 5 | — | 235 | |||||||||||||||||||||
Asset-backed securities of government agencies | 2,739 | 36 | — | 2,775 | |||||||||||||||||||||
State and political subdivisions | 16,219 | 371 | 143 | 16,447 | |||||||||||||||||||||
Corporate bonds | 4,500 | 44 | 5 | 4,539 | |||||||||||||||||||||
Equity securities | 106 | 23 | 1 | 128 | |||||||||||||||||||||
Total available-for-sale | 102,253 | 1,023 | 1,554 | 101,722 | |||||||||||||||||||||
Held-to-maturity securities | |||||||||||||||||||||||||
U.S. Government agencies | 19,186 | — | 828 | 18,358 | |||||||||||||||||||||
Mortgage-backed securities of government agencies | 25,164 | — | 879 | 24,285 | |||||||||||||||||||||
Total held-to-maturity | 44,350 | — | 1,707 | 42,643 | |||||||||||||||||||||
Restricted stock | 5,463 | — | — | 5,463 | |||||||||||||||||||||
Total securities | $ | 152,066 | $ | 1,023 | $ | 3,261 | $ | 149,828 | |||||||||||||||||
2012 | |||||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
U.S. Treasury security | $ | 100 | $ | — | $ | — | $ | 100 | |||||||||||||||||
U.S. Government agencies | 35,996 | 27 | 43 | 35,980 | |||||||||||||||||||||
Mortgage-backed securities of government agencies | 66,588 | 2,107 | — | 68,695 | |||||||||||||||||||||
Other mortgage-backed securities | 345 | — | 1 | 344 | |||||||||||||||||||||
Asset-backed securities of government agencies | 2,862 | — | 39 | 2,823 | |||||||||||||||||||||
State 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 | 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 Securities | ' | ||||||||||||||||||||||||
The amortized cost and fair value of securities at December 31, 2013, by contractual maturity, are shown below. | |||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Fair | |||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
Available-for-sale: | |||||||||||||||||||||||||
Due in one year or less | $ | 855 | $ | 875 | |||||||||||||||||||||
Due after one through five years | 17,354 | 17,500 | |||||||||||||||||||||||
Due after five through ten years | 22,455 | 22,033 | |||||||||||||||||||||||
Due after ten years | 61,483 | 61,186 | |||||||||||||||||||||||
Total debt securities available-for-sale | $ | 102,147 | $ | 101,594 | |||||||||||||||||||||
Held-to-maturity: | |||||||||||||||||||||||||
Due in one year or less | $ | — | $ | — | |||||||||||||||||||||
Due after one through five years | — | — | |||||||||||||||||||||||
Due after five through ten years | 7,717 | 7,568 | |||||||||||||||||||||||
Due after ten years | 36,633 | 35,075 | |||||||||||||||||||||||
Total debt securities held-to-maturity | $ | 44,350 | $ | 42,643 | |||||||||||||||||||||
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 in 2013 and 2011. | |||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2011 | |||||||||||||||||||||||
Proceeds | $ | 4,309 | $ | 3,244 | |||||||||||||||||||||
Realized gains | $ | 159 | $ | 237 | |||||||||||||||||||||
Realized losses | — | — | |||||||||||||||||||||||
Impairment losses | — | — | |||||||||||||||||||||||
Net securities gains | $ | 159 | $ | 237 | |||||||||||||||||||||
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 December 31: | |||||||||||||||||||||||||
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 | |||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Available-for-sale | |||||||||||||||||||||||||
U.S. Treasury security | $ | 8 | $ | 997 | $ | — | $ | — | $ | 8 | $ | 997 | |||||||||||||
U.S. Government agencies | 590 | 15,409 | 116 | 1,884 | 706 | 17,293 | |||||||||||||||||||
Mortgage-backed securities of government agencies | 691 | 29,938 | — | — | 691 | 29,938 | |||||||||||||||||||
State and political subdivisions | 122 | 3,522 | 21 | 233 | 143 | 3,755 | |||||||||||||||||||
Corporate bonds | 4 | 1,163 | 1 | 499 | 5 | 1,662 | |||||||||||||||||||
Equity securities | — | — | 1 | 1 | 1 | 1 | |||||||||||||||||||
Held-to-maturity | |||||||||||||||||||||||||
U.S. Government agencies | 771 | 14,559 | 57 | 1,799 | 828 | 16,358 | |||||||||||||||||||
Mortgage-backed securities of government agencies | 879 | 20,149 | — | — | 879 | 20,149 | |||||||||||||||||||
Total temporarily impaired securities | $ | 3,065 | $ | 85,737 | $ | 196 | $ | 4,416 | $ | 3,261 | $ | 90,153 | |||||||||||||
2012 | |||||||||||||||||||||||||
Available-for-sale | |||||||||||||||||||||||||
U.S. Government agencies | $ | 43 | $ | 15,957 | $ | — | $ | — | $ | 43 | $ | 15,957 | |||||||||||||
Other mortgage-backed securities | 1 | 344 | — | — | 1 | 344 | |||||||||||||||||||
Asset-backed securities of government agencies | 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 | |||||||||||||||||||
Total debt securities | 99 | 20,237 | 24 | 975 | 123 | 21,212 | |||||||||||||||||||
Equity securities | — | — | 9 | 45 | 9 | 45 | |||||||||||||||||||
Total temporarily impaired securities | $ | 99 | $ | 20,237 | $ | 33 | $ | 1,020 | $ | 132 | $ | 21,257 |
Loans_Tables
Loans (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Summary of Loans | ' | ||||||||||||||||||||||||||||
Loans consist of the following at December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Commercial | $ | 117,478 | $ | 104,899 | |||||||||||||||||||||||||
Commercial real estate | 129,828 | 119,192 | |||||||||||||||||||||||||||
Residential real estate | 111,445 | 110,412 | |||||||||||||||||||||||||||
Construction & land development | 13,444 | 23,358 | |||||||||||||||||||||||||||
Consumer | 6,687 | 6,480 | |||||||||||||||||||||||||||
Total loans before deferred costs | 378,882 | 364,341 | |||||||||||||||||||||||||||
Deferred loan costs | 243 | 239 | |||||||||||||||||||||||||||
Total loans | $ | 379,125 | $ | 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 years ended December 31, 2013, 2012 and 2011. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. | |||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Beginning balance | $ | 933 | $ | 1,902 | $ | 1,096 | $ | 253 | $ | 76 | $ | 320 | $ | 4,580 | |||||||||||||||
Provision for loan losses | 451 | 78 | 173 | (75 | ) | 13 | 200 | 840 | |||||||||||||||||||||
Charge-offs | (190 | ) | (108 | ) | (82 | ) | — | (48 | ) | (428 | ) | ||||||||||||||||||
Recoveries | 25 | — | 18 | — | 50 | 93 | |||||||||||||||||||||||
Net charge-offs | -165 | -108 | -64 | — | 2 | -335 | |||||||||||||||||||||||
Ending balance | $ | 1,219 | $ | 1,872 | $ | 1,205 | $ | 178 | $ | 91 | $ | 520 | $ | 5,085 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,024 | $ | 1,673 | $ | 894 | $ | 180 | $ | 78 | $ | 233 | $ | 4,082 | |||||||||||||||
Provision for loan losses | (78 | ) | 512 | 206 | 73 | 23 | 87 | 823 | |||||||||||||||||||||
Charge-offs | (29 | ) | (283 | ) | (106 | ) | — | (89 | ) | (507 | ) | ||||||||||||||||||
Recoveries | 16 | — | 102 | — | 64 | 182 | |||||||||||||||||||||||
Net charge-offs | -13 | -283 | -4 | — | -25 | -325 | |||||||||||||||||||||||
Ending balance | $ | 933 | $ | 1,902 | $ | 1,096 | $ | 253 | $ | 76 | $ | 320 | $ | 4,580 | |||||||||||||||
December 31, 2011 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,179 | $ | 1,183 | $ | 1,057 | $ | 213 | $ | 80 | $ | 319 | $ | 4,031 | |||||||||||||||
Provision for loan losses | 294 | 558 | 115 | 8 | 61 | (86 | ) | 950 | |||||||||||||||||||||
Charge-offs | (487 | ) | (68 | ) | (297 | ) | (41 | ) | (121 | ) | (1,014 | ) | |||||||||||||||||
Recoveries | 38 | — | 19 | — | 58 | 115 | |||||||||||||||||||||||
Net charge-offs | -449 | -68 | -278 | -41 | -63 | -899 | |||||||||||||||||||||||
Ending balance | $ | 1,024 | $ | 1,673 | $ | 894 | $ | 180 | $ | 78 | $ | 233 | $ | 4,082 | |||||||||||||||
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 impairment method as of December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Commercial | Commercial | Residential | Construction | Consumer | Unallocated | Total | ||||||||||||||||||||||
Real Estate | Real Estate | & Land | |||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending allowance balances attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 241 | $ | 331 | $ | 212 | $ | — | $ | — | $ | — | $ | 784 | |||||||||||||||
Collectively evaluated for impairment | 978 | 1,541 | 993 | 178 | 91 | 520 | 4,301 | ||||||||||||||||||||||
Total ending allowance balance | $ | 1,219 | $ | 1,872 | $ | 1,205 | $ | 178 | $ | 91 | $ | 520 | $ | 5,085 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 5,576 | $ | 3,220 | $ | 1,844 | $ | — | $ | — | $ | 10,640 | |||||||||||||||||
Loans collectively evaluated for impairment | 111,902 | 126,608 | 109,601 | 13,444 | 6,687 | 368,242 | |||||||||||||||||||||||
Total ending loans balance | $ | 117,478 | $ | 129,828 | $ | 111,445 | $ | 13,444 | $ | 6,687 | $ | 378,882 | |||||||||||||||||
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 December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Unpaid | Recorded | Recorded | Total | Related | Average | Interest | ||||||||||||||||||||||
Principal | Investment | Investment | Recorded | Allowance | Recorded | Income | |||||||||||||||||||||||
Balance | With No | With Allowance | Investment | Investment | Recognized | ||||||||||||||||||||||||
Allowance | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Commercial | $ | 5,595 | $ | 7 | $ | 5,580 | $ | 5,587 | $ | 241 | $ | 4,185 | $ | 182 | |||||||||||||||
Commercial real estate | 3,540 | 563 | 2,658 | 3,221 | 331 | 3,650 | 163 | ||||||||||||||||||||||
Residential real estate | 2,001 | 337 | 1,510 | 1,847 | 212 | 1,315 | 41 | ||||||||||||||||||||||
Construction & land development | — | — | — | — | — | 21 | 2 | ||||||||||||||||||||||
Total impaired loans | $ | 11,136 | $ | 907 | $ | 9,748 | $ | 10,655 | $ | 784 | $ | 9,171 | $ | 388 | |||||||||||||||
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 | |||||||||||||||
2011 | |||||||||||||||||||||||||||||
Commercial | $ | 4,605 | $ | — | $ | 4,605 | $ | 4,605 | $ | 165 | $ | 2,890 | $ | 91 | |||||||||||||||
Commercial real estate | 2,621 | — | 2,476 | 2,476 | 304 | 2,924 | 78 | ||||||||||||||||||||||
Residential real estate | 182 | — | 182 | 182 | 53 | 103 | — | ||||||||||||||||||||||
Construction & land development | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total impaired loans | $ | 7,408 | $ | — | $ | 7,263 | $ | 7,263 | $ | 522 | $ | 5,917 | $ | 169 | |||||||||||||||
Schedule of Aging of Past Due and Nonaccrual Loans | ' | ||||||||||||||||||||||||||||
The following table presents the aging of past due and nonaccrual loans by class of loans as of December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Current | 30-59 Days | 60-89 Days | 90 Days + | Nonaccrual | Total Past | Total | ||||||||||||||||||||||
Past Due | Past Due | Past Due | Due and | Loans | |||||||||||||||||||||||||
Nonaccrual | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Commercial | $ | 117,342 | $ | 15 | $ | 37 | $ | — | $ | 84 | $ | 136 | $ | 117,478 | |||||||||||||||
Commercial real estate | 128,462 | 111 | 107 | 40 | 1,108 | 1,366 | 129,828 | ||||||||||||||||||||||
Residential real estate | 109,274 | 616 | 467 | 46 | 1,042 | 2,171 | 111,445 | ||||||||||||||||||||||
Construction & land development | 12,494 | — | — | 950 | — | 950 | 13,444 | ||||||||||||||||||||||
Consumer | 6,524 | 123 | 40 | — | — | 163 | 6,687 | ||||||||||||||||||||||
Total loans | $ | 374,096 | $ | 865 | $ | 651 | $ | 1,036 | $ | 2,234 | $ | 4,786 | $ | 378,882 | |||||||||||||||
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 TDRs completed during the year ended December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Number Of | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||
Loans Restructured | Recorded Investment | Recorded Investment | |||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Commercial | 3 | $ | 83 | $ | 83 | ||||||||||||||||||||||||
Residential real estate | 3 | 264 | 264 | ||||||||||||||||||||||||||
Total restructured loans | 6 | $ | 347 | $ | 347 | ||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||
Commercial real estate | 2 | $ | 177 | $ | 177 | ||||||||||||||||||||||||
Residential real estate | 9 | 798 | 798 | ||||||||||||||||||||||||||
Total restructured loans | 11 | $ | 975 | $ | 975 | ||||||||||||||||||||||||
Summary of Loans by Credit Quality Indicator | ' | ||||||||||||||||||||||||||||
Based on the most recent analysis performed, the risk category of loans by class is as follows at December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Pass | Special | Substandard | Doubtful | Not Rated | Total | |||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Commercial | $ | 101,195 | $ | 10,352 | $ | 5,066 | $ | — | $ | 865 | $ | 117,478 | |||||||||||||||||
Commercial real estate | 115,265 | 9,076 | 4,041 | — | 1,446 | 129,828 | |||||||||||||||||||||||
Residential real estate | 237 | — | 47 | — | 111,161 | 111,445 | |||||||||||||||||||||||
Construction & land development | 9,470 | 587 | 1,884 | — | 1,503 | 13,444 | |||||||||||||||||||||||
Consumer | — | — | — | — | 6,687 | 6,687 | |||||||||||||||||||||||
Total | $ | 226,167 | $ | 20,015 | $ | 11,038 | $ | — | $ | 121,662 | $ | 378,882 | |||||||||||||||||
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 December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Performing | Nonperforming | Total | ||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Commercial | $ | 865 | $ | — | $ | 865 | |||||||||||||||||||||||
Commercial real estate | 1,446 | — | 1,446 | ||||||||||||||||||||||||||
Residential real estate | 110,119 | 1,042 | 111,161 | ||||||||||||||||||||||||||
Construction & land development | 1,503 | — | 1,503 | ||||||||||||||||||||||||||
Consumer | 6,687 | — | 6,687 | ||||||||||||||||||||||||||
Total | $ | 120,620 | $ | 1,042 | $ | 121,662 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||
Premises_and_Equipment_Tables
Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Components of Premises and Equipment | ' | ||||||||
Premises and equipment consist of the following at December 31: | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Land and improvements | $ | 1,489 | $ | 1,489 | |||||
Buildings and improvements | 9,656 | 9,422 | |||||||
Furniture and equipment | 7,327 | 6,763 | |||||||
Leasehold improvements | 260 | 260 | |||||||
18,732 | 17,934 | ||||||||
Accumulated depreciation | 10,042 | 9,459 | |||||||
Premises and equipment, net | $ | 8,690 | $ | 8,475 | |||||
Summary of Future Minimum Lease Payments | ' | ||||||||
Future minimum lease payments at December 31, 2013 were as follows: | |||||||||
(Dollars in thousands) | |||||||||
2014 | $ | 299 | |||||||
2015 | 294 | ||||||||
2016 | 172 | ||||||||
2017 | 32 | ||||||||
Total | $ | 797 | |||||||
Core_Deposit_Intangible_Assets1
Core Deposit Intangible Assets (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Core Deposit Intangible and Related Accumulated Amortization | ' | ||||||||||||
The following table shows the core deposit intangible and the related accumulated amortization as of December 31: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Gross carrying amount | $ | 1,251 | $ | 1,251 | $ | 1,251 | |||||||
Accumulated amortization | (492 | ) | (357 | ) | (217 | ) | |||||||
Net carrying amount | $ | 759 | $ | 894 | $ | 1,034 | |||||||
Future Amortization Expense for Core Deposit Asset | ' | ||||||||||||
The estimated aggregate future amortization expense for the core deposit assets remaining as of December 31, 2013 is as follows: | |||||||||||||
(Dollars in thousands) | Core Deposit | ||||||||||||
Amortization | |||||||||||||
2014 | $ | 129 | |||||||||||
2015 | 125 | ||||||||||||
2016 | 121 | ||||||||||||
2017 | 116 | ||||||||||||
2018 | 101 | ||||||||||||
Thereafter | 167 | ||||||||||||
$ | 759 | ||||||||||||
InterestBearing_Deposits_Table
Interest-Bearing Deposits (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Banking And Thrift [Abstract] | ' | ||||||||
Summary of Interest - Bearing Deposits | ' | ||||||||
Interest-bearing deposits at December 31 are as follows: | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Demand | $ | 76,327 | $ | 74,429 | |||||
Savings | 149,937 | 138,794 | |||||||
Time deposits: | |||||||||
In excess of $100,000 | 42,562 | 54,163 | |||||||
Other | 91,782 | 103,910 | |||||||
Total interest-bearing deposits | $ | 360,608 | $ | 371,296 | |||||
Stated Maturities of Time Deposits | ' | ||||||||
At December 31, 2013, stated maturities of time deposits were as follows: | |||||||||
(Dollars in thousands) | |||||||||
2014 | $ | 75,051 | |||||||
2015 | 25,282 | ||||||||
2016 | 18,791 | ||||||||
2017 | 8,271 | ||||||||
2018 | 6,902 | ||||||||
2019 and beyond | 47 | ||||||||
Total | $ | 134,344 | |||||||
Borrowings_Tables
Borrowings (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||
Short-Term Borrowings | ' | ||||||||||||||||||||||||||||
The outstanding balances and related information for short-term borrowings are summarized as follows: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
Balance at year-end | $ | 48,671 | $ | 43,992 | |||||||||||||||||||||||||
Average balance outstanding | 45,330 | 40,893 | |||||||||||||||||||||||||||
Maximum month-end balance | 48,671 | 43,992 | |||||||||||||||||||||||||||
Weighted-average rate at year-end | 0.15 | % | 0.2 | % | |||||||||||||||||||||||||
Weighted-average rate during the year | 0.15 | 0.22 | |||||||||||||||||||||||||||
Concerning of Other Borrowings | ' | ||||||||||||||||||||||||||||
The following table sets forth information concerning other borrowings: | |||||||||||||||||||||||||||||
Maturity Range | Weighted | Stated | At December 31, | ||||||||||||||||||||||||||
Average | Interest Rate | ||||||||||||||||||||||||||||
Interest | Range | ||||||||||||||||||||||||||||
(Dollars in thousands) | From | To | Rate | From | To | 2013 | 2012 | ||||||||||||||||||||||
Fixed rate | 10/2/14 | 12/21/17 | 3.62 | % | 3.48 | % | 3.73 | % | $ | 12,000 | $ | 12,000 | |||||||||||||||||
Fixed rate amortizing | 1/1/14 | 3/1/17 | 5.99 | 4.8 | 7.15 | 459 | 672 | ||||||||||||||||||||||
$ | 12,459 | $ | 12,672 | ||||||||||||||||||||||||||
Schedule of Maturities Other Borrowings | ' | ||||||||||||||||||||||||||||
Maturities of other borrowings at December 31, 2013, are summarized as follows for the years ended December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | Amount | Weighted | |||||||||||||||||||||||||||
Average | |||||||||||||||||||||||||||||
Rate | |||||||||||||||||||||||||||||
2014 | $ | 2,190 | 3.91 | % | |||||||||||||||||||||||||
2015 | 169 | 6.01 | |||||||||||||||||||||||||||
2016 | 97 | 5.84 | |||||||||||||||||||||||||||
2017 | 10,003 | 3.61 | |||||||||||||||||||||||||||
$ | 12,459 | 3.71 | % | ||||||||||||||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Provision for Income Taxes | ' | ||||||||||||
The provision for income taxes consists of the following for the years ended December 31: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Current | $ | 2,196 | $ | 2,040 | $ | 1,257 | |||||||
Deferred | 77 | (50 | ) | 345 | |||||||||
Total income tax provision | $ | 2,273 | $ | 1,990 | $ | 1,602 | |||||||
Income Tax Provision Attributable to Income from Operations | ' | ||||||||||||
The income tax provision attributable to income from operations differs from the amounts computed by applying the statutory federal income tax rate of 34% to income before income taxes as follows: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Expected provision using statutory federal income tax rate | $ | 2,554 | $ | 2,223 | $ | 1,798 | |||||||
Tax-exempt income on state and municipal securities and political subdivision loans | (203 | ) | (269 | ) | (169 | ) | |||||||
Interest expense associated with carrying certain state and municipal securities and political subdivision loans | 6 | 6 | 8 | ||||||||||
Tax-exempt income on bank owned life insurance | (86 | ) | (78 | ) | (36 | ) | |||||||
Other | 2 | 108 | 1 | ||||||||||
Total income tax provision | $ | 2,273 | $ | 1,990 | $ | 1,602 | |||||||
Tax Effects of Temporary Differences of Deferred Tax Assets and Deferred Tax Liabilities | ' | ||||||||||||
The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities at December 31 are as follows: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||
Allowance for loan losses | $ | 1,887 | $ | 1,470 | |||||||||
Net operating loss carryforward | 470 | 598 | |||||||||||
Capital loss carryforward | 35 | 35 | |||||||||||
Unrealized loss on securities available-for-sale | 750 | — | |||||||||||
Other | 37 | 109 | |||||||||||
3,179 | 2,212 | ||||||||||||
Valuation allowance on deferred tax assets | -35 | -35 | |||||||||||
Deferred tax assets | 3,144 | 2,177 | |||||||||||
Premises and equipment | (443 | ) | (399 | ) | |||||||||
Federal Home Loan Bank stock dividends | (736 | ) | (736 | ) | |||||||||
Deferred loan fees | (226 | ) | (173 | ) | |||||||||
Unrealized gain on securities available-for-sale | — | (960 | ) | ||||||||||
Prepaid expenses | (120 | ) | (120 | ) | |||||||||
Other | (462 | ) | (265 | ) | |||||||||
Deferred tax liabilities | (1,987 | ) | (2,653 | ) | |||||||||
Net deferred tax asset (liability) | $ | 1,157 | $ | (476 | ) | ||||||||
Employee_Benefits_Tables
Employee Benefits (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||||||||||||||
Summary of Stock Options Activity | ' | ||||||||||||||||||||||||
The following summarizes stock options activity for the years ended December 31: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||||||||
Average | Average | Average | |||||||||||||||||||||||
Exercise | Exercise | Exercise | |||||||||||||||||||||||
Price | Price | Price | |||||||||||||||||||||||
Outstanding at beginning of year | 31,760 | $ | 17.85 | 39,620 | $ | 17.49 | 39,945 | $ | 17.48 | ||||||||||||||||
Granted | — | — | — | — | — | — | |||||||||||||||||||
Exercised | (1,000 | ) | (16.10 | ) | (4,650 | ) | (16.05 | ) | — | — | |||||||||||||||
Forfeited | — | (3,210 | ) | (16.06 | ) | (325 | ) | (16.05 | ) | ||||||||||||||||
Outstanding at end of year | 30,760 | 17.9 | 31,760 | 17.85 | 39,620 | 17.49 | |||||||||||||||||||
Options exercisable at year-end | 30,760 | $ | 17.9 | 31,760 | $ | 17.85 | 39,620 | $ | 17.49 | ||||||||||||||||
Weighted-average fair value of options granted during year | N/A | N/A | N/A | ||||||||||||||||||||||
Summary of Options Outstanding | ' | ||||||||||||||||||||||||
Options outstanding at December 31, 2013 were as follows: | |||||||||||||||||||||||||
Outstanding | |||||||||||||||||||||||||
Range Of Exercise Prices | Number | Weighted | Number | Weighted | |||||||||||||||||||||
Average | Average | ||||||||||||||||||||||||
Remaining | Exercise | ||||||||||||||||||||||||
Contractual | Price | ||||||||||||||||||||||||
Life (Years) | |||||||||||||||||||||||||
$15.00 | 1,000 | 0.6 | 1,000 | $ | 15 | ||||||||||||||||||||
18 | 29,760 | 2.22 | 29,760 | 18 | |||||||||||||||||||||
Outstanding at year-end | 30,760 | 2.17 | 30,760 | $ | 17.9 | ||||||||||||||||||||
Financial_Instruments_with_Off1
Financial Instruments with Off-Balance Sheet Risk (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Summary of Financial Instruments whose Contract Amount Represents Credit Risk | ' | ||||||||
The following financial instruments whose contract amount represents credit risk were outstanding at December 31: | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Commitments to extend credit | $ | 119,571 | $ | 105,829 | |||||
Letters of credit | $ | 679 | $ | 1,539 | |||||
RelatedParty_Transactions_Tabl
Related-Party Transactions (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Related Party Transactions [Abstract] | ' | ||||
Summary of Analysis of Activity of Related-Party Loans | ' | ||||
The following is an analysis of activity of related-party loans for the year end December 31, 2013: | |||||
(Dollars in thousands) | |||||
Balance at beginning of year | $ | 6,218 | |||
New loans and advances | 315 | ||||
Repayments, including loans sold | 1,441 | ||||
Balance at end of year | $ | 5,092 | |||
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||||||||||
Summary of Actual Capital Amounts and Ratios of Company and Bank | ' | ||||||||||||||||||||||||
The actual capital amounts and ratios of the Company and Bank as of December 31, are presented in the following tables: | |||||||||||||||||||||||||
Minimum | Minimum Required | ||||||||||||||||||||||||
Required For | To Be Well Capitalized | ||||||||||||||||||||||||
Capital Adequacy | Under Prompt | ||||||||||||||||||||||||
Actual | Purposes | Corrective Action | |||||||||||||||||||||||
(Dollars in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||
2013 | |||||||||||||||||||||||||
Total capital (to risk-weighted assets) | |||||||||||||||||||||||||
Consolidated | $ | 53,268 | 13.6 | % | $ | 31,416 | 8 | % | $ | 39,270 | 10 | % | |||||||||||||
Bank | 52,458 | 13.4 | 31,392 | 8 | 39,240 | 10 | |||||||||||||||||||
Tier I capital (to risk-weighted assets) | |||||||||||||||||||||||||
Consolidated | 48,357 | 12.3 | 15,708 | 4 | 23,562 | 6 | |||||||||||||||||||
Bank | 47,558 | 12.1 | 15,696 | 4 | 23,544 | 6 | |||||||||||||||||||
Tier I capital (to average assets) | |||||||||||||||||||||||||
Consolidated | 48,357 | 8.2 | 23,550 | 4 | 29,438 | 5 | |||||||||||||||||||
Bank | 47,558 | 8.1 | 23,544 | 4 | 29,430 | 5 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||
Total capital (to risk-weighted assets) | |||||||||||||||||||||||||
Consolidated | $ | 49,534 | 13.3 | % | $ | 29,707 | 8 | % | $ | 37,134 | 10 | % | |||||||||||||
Bank | 48,940 | 13.2 | 29,695 | 8 | 37,118 | 10 | |||||||||||||||||||
Tier I capital (to risk-weighted assets) | |||||||||||||||||||||||||
Consolidated | 44,946 | 12.1 | 14,854 | 4 | 22,280 | 6 | |||||||||||||||||||
Bank | 44,352 | 12 | 14,847 | 4 | 22,271 | 6 | |||||||||||||||||||
Tier I capital (to average assets) | |||||||||||||||||||||||||
Consolidated | 44,946 | 7.9 | 22,794 | 4 | 28,493 | 5 | |||||||||||||||||||
Bank | 44,352 | 7.8 | 22,788 | 4 | 28,485 | 5 | |||||||||||||||||||
Condensed_Parent_Company_Finan1
Condensed Parent Company Financial Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Summary of Condensed Financial Information | ' | ||||||||||||
A summary of condensed financial information of the parent company as of December 31, 2013 and 2012 and for each of the three years in the period ended December 31, 2013 follows: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||
CONDENSED BALANCE SHEETS | |||||||||||||
ASSETS | |||||||||||||
Cash deposited with subsidiary bank | $ | 598 | $ | 388 | |||||||||
Investment in subsidiary bank | 51,596 | 51,858 | |||||||||||
Securities available-for-sale | 128 | 69 | |||||||||||
Other assets | 192 | 207 | |||||||||||
TOTAL ASSETS | $ | 52,514 | $ | 52,522 | |||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||||
Total liabilities | $ | 103 | $ | 69 | |||||||||
Total shareholders’ equity | 52,411 | 52,453 | |||||||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 52,514 | $ | 52,522 | |||||||||
Summary Condensed Statements of Income | ' | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
CONDENSED STATEMENTS OF INCOME | |||||||||||||
Interest on securities | $ | 2 | $ | 2 | $ | 1 | |||||||
Dividends from subsidiary | 2,400 | 2,000 | 2,300 | ||||||||||
Total income | 2,402 | 2,002 | 2,301 | ||||||||||
Operating expenses | 356 | 354 | 336 | ||||||||||
Income before taxes and undistributed equity income of subsidiary | 2,046 | 1,648 | 1,965 | ||||||||||
Income tax benefit | (121 | ) | (120 | ) | (115 | ) | |||||||
Equity earnings in subsidiary, net of dividends | 3,073 | 2,779 | 1,607 | ||||||||||
NET INCOME | $ | 5,240 | $ | 4,547 | $ | 3,687 | |||||||
COMPREHENSIVE INCOME | $ | 1,920 | $ | 4,981 | $ | 4,244 | |||||||
Condensed Statements of Cash Flows | ' | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
CONDENSED STATEMENTS OF CASH FLOWS | |||||||||||||
Cash flows from operating activities: | |||||||||||||
Net income | $ | 5,240 | $ | 4,547 | $ | 3,687 | |||||||
Adjustments to reconcile net income to cash provided by operations: | |||||||||||||
Equity earnings in subsidiary, net of dividends | (3,073 | ) | (2,779 | ) | (1,607 | ) | |||||||
Change in other assets, liabilities | 42 | 49 | 48 | ||||||||||
Net cash provided by operating activities | 2,209 | 1,817 | 2,128 | ||||||||||
Cash flows from investing activities: | |||||||||||||
Purchase of investment securities | (37 | ) | — | — | |||||||||
Net cash used in investing activities | (37 | ) | — | — | |||||||||
Cash flows from financing activities: | |||||||||||||
Cash dividends paid | (1,970 | ) | (1,969 | ) | (1,969 | ) | |||||||
Cash received from exercise of stock options | 8 | 5 | — | ||||||||||
Net cash used in financing activities | (1,962 | ) | (1,964 | ) | (1,969 | ) | |||||||
Increase (decrease) in cash | 210 | (147 | ) | 159 | |||||||||
Cash at beginning of year | 388 | 535 | 376 | ||||||||||
Cash at end of year | $ | 598 | $ | 388 | $ | 535 | |||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 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 December 31, 2013 and December 31, 2012, by level within the fair value hierarchy. | |||||||||||||||||
(Dollars in thousands) | Level I | Level II | Level III | Total | |||||||||||||
December 31, 2013 | |||||||||||||||||
Assets: | |||||||||||||||||
Securities available-for-sale | |||||||||||||||||
U.S. Treasury security | $ | 997 | $ | — | $ | — | $ | 997 | |||||||||
U.S. Government agencies | — | 22,301 | — | 22,301 | |||||||||||||
Mortgage-backed securities of government agencies | — | 54,535 | — | 54,535 | |||||||||||||
Asset-backed securities of government agencies | — | 2,775 | — | 2,775 | |||||||||||||
State and political subdivisions | — | 16,447 | — | 16,447 | |||||||||||||
Corporate bonds | — | 4,539 | — | 4,539 | |||||||||||||
Total debt securities | 997 | 100,597 | — | 101,594 | |||||||||||||
Equity securities | 128 | — | — | 128 | |||||||||||||
Total available-for-sale securities | $ | 1,125 | $ | 100,597 | $ | — | $ | 101,722 | |||||||||
31-Dec-12 | |||||||||||||||||
Assets: | |||||||||||||||||
Securities available-for-sale | |||||||||||||||||
U.S. Treasury security | $ | 100 | $ | — | $ | — | $ | 100 | |||||||||
U.S. Government agencies | — | 35,980 | — | 35,980 | |||||||||||||
Mortgage-backed securities of government agencies | — | 69,039 | — | 69,039 | |||||||||||||
Asset-backed securities of government agencies | — | 2,823 | — | 2,823 | |||||||||||||
State and political subdivisions | — | 16,883 | — | 16,883 | |||||||||||||
Corporate bonds | — | 4,397 | — | 4,397 | |||||||||||||
Total debt securities | 100 | 129,122 | — | 129,222 | |||||||||||||
Equity securities | 69 | — | — | 69 | |||||||||||||
Total available-for-sale securities | $ | 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 December 31, 2013 and December 31, 2012, by level within the fair value hierarchy. | |||||||||||||||||
(Dollars in thousands) | Level I | Level II | Level III | Total | |||||||||||||
31-Dec-13 | |||||||||||||||||
Assets measured on a nonrecurring basis: | |||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 9,856 | $ | 9,856 | |||||||||
Mortgage servicing rights | — | — | 225 | 225 | |||||||||||||
31-Dec-12 | |||||||||||||||||
Assets measured on a nonrecurring basis: | |||||||||||||||||
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 | |||||||||||||||||
(Dollars in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||
Estimate | Techniques | Input | (Weighted Average) | ||||||||||||||
31-Dec-13 | |||||||||||||||||
Impaired loans | $ | 8,663 | Discounted cash flow | Remaining term Discount rate | 3 mos to 29 yrs / (62 mos) | ||||||||||||
7.1% to 12% / (7.5%) | |||||||||||||||||
1,193 | Appraisal of collateral1,3 | Appraisal adjustments2 Liquidation expense2 | –20% to –25% | ||||||||||||||
–10% | |||||||||||||||||
Mortgage servicing rights | 225 | Discounted cash flow | Remaining term Discount rate | 12 mos to 30 yrs / (244 mos) | |||||||||||||
1.5% / (1.5%) | |||||||||||||||||
Quantitative Information about Level III Fair Value Measurements | |||||||||||||||||
(Dollars in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||
Estimate | Techniques | Input | (Weighted Average) | ||||||||||||||
31-Dec-12 | |||||||||||||||||
Impaired loans | $ | 7,260 | Discounted cash flow | Remaining term Discount rate | 4 mos to 29 yrs / (74 mos) | ||||||||||||
7.5% to 12% / (7.8%) | |||||||||||||||||
2,152 | Appraisal of collateral1,3 | Appraisal adjustments2 Liquidation expense2 | –20% to –35% | ||||||||||||||
–10% | |||||||||||||||||
Other real estate owned | 25 | Appraisal of collateral1,3 | Management discount for property type3 | 0% to –67% | |||||||||||||
Mortgage servicing rights | 214 | Discounted cash flow | Remaining term Discount rate | 24 mos to 30 yrs / (244 mos) | |||||||||||||
1.5% / (1.5%) | |||||||||||||||||
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) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 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 December 31 are as follows: | |||||||||||||||||||||
2013 | |||||||||||||||||||||
Carrying | Total Fair | ||||||||||||||||||||
(Dollars in thousands) | Value | Level I | Level II | Level III | Value | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 42,599 | $ | 42,599 | $ | — | $ | — | $ | 42,599 | |||||||||||
Securities available-for-sale | 101,722 | 1,125 | 100,597 | — | 101,722 | ||||||||||||||||
Securities held-to-maturity | 44,350 | — | 42,643 | — | 42,643 | ||||||||||||||||
Restricted stock | 5,463 | — | 5,463 | — | 5,463 | ||||||||||||||||
Net loans | 374,040 | — | — | 375,055 | 375,055 | ||||||||||||||||
Bank-owned life insurance | 9,551 | 9,551 | — | — | 9,551 | ||||||||||||||||
Accrued interest receivable | 1,374 | 1,374 | — | — | 1,374 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 480,933 | $ | 346,589 | $ | — | $ | 135,106 | $ | 481,695 | |||||||||||
Short-term borrowings | 48,671 | 48,671 | — | — | 48,671 | ||||||||||||||||
Other borrowings | 12,459 | — | — | 12,559 | 12,559 | ||||||||||||||||
Accrued interest payable | 96 | 96 | — | — | 96 | ||||||||||||||||
2012 | |||||||||||||||||||||
Carrying | Total Fair | ||||||||||||||||||||
(Dollars in thousands) | Value | Level I | Level II | Level III | Value | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 66,878 | $ | 66,878 | $ | — | $ | — | $ | 66,878 | |||||||||||
Securities available-for-sale | 129,291 | 169 | 129,122 | — | 129,291 | ||||||||||||||||
Restricted stock | 5,463 | — | 5,463 | — | 5,463 | ||||||||||||||||
Net loans | 360,000 | — | — | 367,028 | 367,028 | ||||||||||||||||
Bank-owned life insurance | 8,298 | 8,298 | — | — | 8,298 | ||||||||||||||||
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) | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Equity [Abstract] | ' | ||||||||||||||
Schedule of Changes in Accumulated Other Comprehensive (Loss) Income by Component Net of Tax | ' | ||||||||||||||
The following table presents the changes in accumulated other comprehensive (loss) income by component net of tax for the years ended December 31, 2013 and 2012. | |||||||||||||||
(Dollars in thousands) | Pretax | Tax Effect | After-tax | Affected Line | |||||||||||
Item in the | |||||||||||||||
Consolidated | |||||||||||||||
Statements of | |||||||||||||||
Income | |||||||||||||||
Balance as of December 31, 2012 | $ | 2,823 | $ | (959 | ) | $ | 1,864 | ||||||||
Unrealized holding loss on available-for-sale securities arising during the period | (3,195 | ) | 1,086 | (2,109 | ) | ||||||||||
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 | (1,931 | ) | 657 | (1,274 | ) | ||||||||||
Amortization of held-to-maturity discount resulting from transfer | 255 | (87 | ) | 168 | |||||||||||
Total other comprehensive loss | (5,030 | ) | 1,710 | (3,320 | ) | ||||||||||
BALANCE AS OF DECEMBER 31, 2013 | $ | (2,207 | ) | $ | 751 | $ | (1,456 | ) | |||||||
Balance as of December 31, 2011 | $ | 2,166 | $ | (736 | ) | $ | 1,430 | ||||||||
Unrealized holding gain on available-for-sale securities arising during the period | 657 | (223 | ) | 434 | |||||||||||
Total other comprehensive income | 657 | (223 | ) | 434 | |||||||||||
BALANCE AS OF DECEMBER 31, 2012 | $ | 2,823 | $ | (959 | ) | $ | 1,864 | ||||||||
(a) | Securities gain, net. | ||||||||||||||
(b) | Federal income tax provision. | ||||||||||||||
Quarterly_Financial_Data_Unaud1
Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||
Summary of Quarterly Financial Data | ' | ||||||||||||||||||||
The following is a summary of selected quarterly financial data (unaudited) for the years ended December 31: | |||||||||||||||||||||
(Dollars in thousands, except per share data) | Interest | Net Interest | Net | Basic | Diluted | ||||||||||||||||
Income | Income | Income | Earnings | Earnings | |||||||||||||||||
Per Share | Per Share | ||||||||||||||||||||
2013 | |||||||||||||||||||||
First quarter | $ | 5,300 | $ | 4,692 | $ | 1,362 | $ | 0.5 | $ | 0.5 | |||||||||||
Second quarter | 5,173 | 4,592 | 1,247 | 0.45 | 0.45 | ||||||||||||||||
Third quarter | 5,235 | 4,677 | 1,407 | 0.51 | 0.51 | ||||||||||||||||
Fourth quarter | 5,430 | 4,922 | 1,224 | 0.45 | 0.45 | ||||||||||||||||
2012 | |||||||||||||||||||||
First quarter | $ | 5,132 | $ | 4,313 | $ | 1,055 | $ | 0.39 | $ | 0.39 | |||||||||||
Second quarter | 5,151 | 4,397 | 1,141 | 0.41 | 0.41 | ||||||||||||||||
Third quarter | 5,148 | 4,426 | 1,231 | 0.45 | 0.45 | ||||||||||||||||
Fourth quarter | 5,153 | 4,470 | 1,120 | 0.41 | 0.41 | ||||||||||||||||
Summary_of_Significant_Account3
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Segment | |||
BankingCenters | |||
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Number of operating industry segment | 1 | ' | ' |
Number of banking centers | 16 | ' | ' |
Cash reserve requirement | $0 | $0 | ' |
Investment in FHLB, Impairment Charges | 0 | 0 | ' |
Loan held for sale maximum period | '3 days | ' | ' |
Amount of other real state owned | 0 | 25,000 | ' |
Impairment on goodwill | 0 | 0 | ' |
Advertising expenses | 175,000 | 190,000 | 175,000 |
Stock-based compensation expenses | 0 | 0 | 0 |
Income tax recognized related to stock based compensation | 0 | 0 | 0 |
Unrecognized compensation cost related to unvested share-based compensation awards outstanding | 0 | ' | ' |
Stock option granted | ' | ' | ' |
Number of stock option require to purchase common stock | 0 | 29,760 | 29,760 |
Prior Period Reclassification Adjustment Effect | 0 | ' | ' |
Held-to-maturity Securities [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Total Investment portfolio classified as Held-to-maturity | 28.00% | ' | ' |
Equity Options [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Common stock purchase price | ' | $18 | $18 |
U.S. government agency and U.S. agency mortgage-backed securities [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
securities transferred from Available-for-sale to Held-to-maturity | $39,000,000 | ' | ' |
Minimum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Cash and cash equivalents, amounts due from banks and federal fund sold, maturity period | '1 day | ' | ' |
Maximum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Cash and cash equivalents, amounts due from banks and federal fund sold, maturity period | '90 days | ' | ' |
Buildings [Member] | Minimum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Estimated useful life of individual assets | '20 years | ' | ' |
Buildings [Member] | Maximum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Estimated useful life of individual assets | '40 years | ' | ' |
Equipment [Member] | Minimum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Estimated useful life of individual assets | '3 years | ' | ' |
Equipment [Member] | Maximum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Estimated useful life of individual assets | '10 years | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies - Computation of Weighted Average Number of Common Shares Outstanding for Basic and Diluted Earnings Per Share (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Weighted Average Number Of Shares Outstanding [Abstract] | ' | ' | ' |
Weighted average common shares | 2,980,602 | 2,980,602 | 2,980,602 |
Average treasury shares | -244,129 | -245,713 | -245,803 |
Total weighted average common shares outstanding (basic) | 2,736,473 | 2,734,889 | 2,734,799 |
Dilutive effect of assumed exercise of stock options | 2,004 | 252 | 39 |
Weighted average common shares outstanding (diluted) | 2,738,477 | 2,735,141 | 2,734,838 |
Securities_Summary_of_Securiti
Securities - Summary of Securities Available-for-Sale and Restricted Stock (Detail) (USD $) | Dec. 31, 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 | 44,350 | ' |
Gross Unrealized Gains | ' | ' |
Gross Unrealized Losses | 1,707 | ' |
Fair Value, Held to maturity | 42,643 | ' |
Equity securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost, Equity | 106 | 69 |
Gross Unrealized Gains | 23 | 9 |
Gross Unrealized Losses | 1 | 9 |
Fair Value, Equity | 128 | 69 |
U.S. Treasury security [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost, Debt | 1,005 | 100 |
Gross Unrealized Gains | ' | ' |
Gross Unrealized Losses | 8 | ' |
Fair Value, Debt | 997 | 100 |
U.S. Government agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost, Debt | 22,999 | 35,996 |
Gross Unrealized Gains | 8 | 27 |
Gross Unrealized Losses | 706 | 43 |
Fair Value, Debt | 22,301 | 35,980 |
Amortized Cost, Held to maturity | 19,186 | ' |
Gross Unrealized Gains | ' | ' |
Gross Unrealized Losses | 828 | ' |
Fair Value, Held to maturity | 18,358 | ' |
Mortgage-Backed Securities of Government Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost, Debt | 54,455 | 66,588 |
Gross Unrealized Gains | 536 | 2,107 |
Gross Unrealized Losses | 691 | ' |
Fair Value, Debt | 54,300 | 68,695 |
Amortized Cost, Held to maturity | 25,164 | ' |
Gross Unrealized Gains | ' | ' |
Gross Unrealized Losses | 879 | ' |
Fair Value, Held to maturity | 24,285 | ' |
Other Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost, Debt | 230 | 345 |
Gross Unrealized Gains | 5 | ' |
Gross Unrealized Losses | ' | 1 |
Fair Value, Debt | 235 | 344 |
Asset-backed securities of government agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost, Debt | 2,739 | 2,862 |
Gross Unrealized Gains | 36 | ' |
Gross Unrealized Losses | ' | 39 |
Fair Value, Debt | 2,775 | 2,823 |
State and political subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost, Debt | 16,219 | 16,194 |
Gross Unrealized Gains | 371 | 701 |
Gross Unrealized Losses | 143 | 12 |
Fair Value, Debt | 16,447 | 16,883 |
Corporate bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost, Debt | 4,500 | 4,313 |
Gross Unrealized Gains | 44 | 112 |
Gross Unrealized Losses | 5 | 28 |
Fair Value, Debt | 4,539 | 4,397 |
Total Available-for-Sale [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost, Debt | 102,253 | 126,467 |
Gross Unrealized Gains | 1,023 | 2,956 |
Gross Unrealized Losses | 1,554 | 132 |
Fair Value, Debt | 101,722 | 129,291 |
Restricted Stock, Equity Securities [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 | 152,066 | 131,930 |
Gross Unrealized Gains | 1,023 | 2,956 |
Gross Unrealized Losses | 3,261 | 132 |
Fair Value, Debt | $149,828 | $134,754 |
Securities_Summary_of_Amortize
Securities - Summary of Amortized Cost and Fair Value of Securities (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Available-for-sale: | ' |
Due in one year or less, Amortized Cost | $855 |
Due after one through five years, Amortized Cost | 17,354 |
Due after five through ten years, Amortized Cost | 22,455 |
Due after ten years, Amortized Cost | 61,483 |
Total debt securities available-for-sale, Amortized Cost | 102,147 |
Due in one year or less, Fair Value | 875 |
Due after one through five years, Fair Value | 17,500 |
Due after five through ten years, Fair Value | 22,033 |
Due after ten years, Fair Value | 61,186 |
Total debt securities available-for-sale, Fair Value | 101,594 |
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 | 7,717 |
Due after ten years, Amortized Cost | 36,633 |
Total debt securities held-to-maturity, Amortized Cost | 44,350 |
Due in one year or less, Fair Value | ' |
Due after one through five years, Fair Value | ' |
Due after five through ten years, Fair Value | 7,568 |
Due after ten years, Fair Value | 35,075 |
Fair Value, Held to maturity | $42,643 |
Securities_Additional_Informat
Securities - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Securities | Security | ||
Investments Debt And Equity Securities [Abstract] | ' | ' | ' |
Market value of securities | $87,900,000 | $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 sold during the period | ' | 0 | ' |
Income tax provision applicable to realized gains | 54,000 | ' | 81,000 |
Income tax benefit on realized losses | $0 | $0 | $0 |
Number of securities in unrealized loss | 73 | ' | ' |
Number of securities in continuous loss | 7 | ' | ' |
Securities_Summary_of_Proceeds
Securities - Summary of Proceeds and Gains and Losses from Sales of Available-for-Sale Securities (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2011 |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' |
Proceeds | $4,309 | $3,244 |
Realized gains | 159 | 237 |
Realized losses | ' | ' |
Impairment losses | ' | ' |
Net securities gains | $159 | $237 |
Securities_Summary_of_Gross_Un
Securities - Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Held-to-maturity, Gross Unrealized Losses, Total | $1,707 | ' |
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 |
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 |
U.S. Government agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Held-to-maturity, Gross Unrealized Losses, Less Than 12 Months | 771 | ' |
Held-to-maturity, Fair Value, Less Than 12 Months | 14,559 | ' |
Held-to-maturity, Gross Unrealized Losses, 12 Months Or More | 57 | ' |
Held-to-maturity, Fair Value, 12 Months Or More | 1,799 | ' |
Held-to-maturity, Gross Unrealized Losses, Total | 828 | ' |
Held-to-maturity, Fair Value, Total | 16,358 | ' |
Gross Unrealized Losses, Less Than 12 Months | 590 | 43 |
Fair value, Less Than 12 Months | 15,409 | 15,957 |
Gross Unrealized Losses, 12 Months Or More | 116 | ' |
Fair Value, 12 Months Or More | 1,884 | ' |
Gross Unrealized Losses, Total | 706 | 43 |
Fair Value, Total | 17,293 | 15,957 |
Mortgage-backed securities of government agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Held-to-maturity, Gross Unrealized Losses, Less Than 12 Months | 879 | ' |
Held-to-maturity, Fair Value, Less Than 12 Months | 20,149 | ' |
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 | 879 | ' |
Held-to-maturity, Fair Value, Total | 20,149 | ' |
Gross Unrealized Losses, Less Than 12 Months | 691 | 1 |
Fair value, Less Than 12 Months | 29,938 | 344 |
Gross Unrealized Losses, 12 Months Or More | ' | ' |
Fair Value, 12 Months Or More | ' | ' |
Gross Unrealized Losses, Total | 691 | 1 |
Fair Value, Total | 29,938 | 344 |
Asset-backed securities of government agencies [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 |
State and political subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | 122 | 12 |
Fair value, Less Than 12 Months | 3,522 | 1,737 |
Gross Unrealized Losses, 12 Months Or More | 21 | ' |
Fair Value, 12 Months Or More | 233 | ' |
Gross Unrealized Losses, Total | 143 | 12 |
Fair Value, Total | 3,755 | 1,737 |
Corporate bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | 4 | 4 |
Fair value, Less Than 12 Months | 1,163 | 366 |
Gross Unrealized Losses, 12 Months Or More | 1 | 24 |
Fair Value, 12 Months Or More | 499 | 975 |
Gross Unrealized Losses, Total | 5 | 28 |
Fair Value, Total | 1,662 | 1,341 |
Total debt securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | ' | 99 |
Fair value, Less Than 12 Months | ' | 20,237 |
Gross Unrealized Losses, 12 Months Or More | ' | 24 |
Fair Value, 12 Months Or More | ' | 975 |
Gross Unrealized Losses, Total | ' | 123 |
Fair Value, Total | ' | 21,212 |
U.S. Treasury security [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Gross Unrealized Losses, Less Than 12 Months | 8 | ' |
Fair value, Less Than 12 Months | 997 | ' |
Gross Unrealized Losses, 12 Months Or More | ' | ' |
Fair Value, 12 Months Or More | ' | ' |
Gross Unrealized Losses, Total | 8 | ' |
Fair Value, Total | $997 | ' |
Loans_Summary_of_Loans_Detail
Loans - Summary of Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | $378,882 | $364,341 |
Deferred loan costs | 243 | 239 |
Total loans | 379,125 | 364,580 |
Construction & land development [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | 13,444 | 23,358 |
Commercial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | 117,478 | 104,899 |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | 129,828 | 119,192 |
Residential Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | 111,445 | 110,412 |
Consumer [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total loans before deferred costs | $6,687 | $6,480 |
Loans_Additional_Information_D
Loans - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
SecurityLoan | SecurityLoan | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Percentage of outstanding principal balances of commercial real estate loans secured by owner-occupied properties | 77.00% | 81.00% |
Concentrations of loans related to a single industry | $0 | $0 |
Concentrations of loans related to a single industry, percentage | 7.00% | ' |
Troubled debt restructurings, loans | 8,600,000 | 8,700,000 |
Reserves allocated to customers whose loan terms are modified in troubled debt restructurings | 583,000 | 718,000 |
Loans classified as troubled debt restructurings | 7,800,000 | ' |
Loans payable in nonaccrual of interest status | 719,000 | ' |
Loans restructured, subsequently defaulted | ' | 54,000 |
Number of loans restructured, subsequently defaulted | 0 | 1 |
Outstanding balance of commercial loans classified under credit risk, minimum amount | 275,000 | ' |
Loans listed as not rated under risk category, maximum amount | 275,000 | ' |
Loans serviced for others | 70,200,000 | 60,200,000 |
Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Mortgage servicing rights | 225,000 | 214,000 |
Valuation allowance | 0 | 0 |
Residential Mortgage [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Mortgage servicing rights | $56,900,000 | $52,700,000 |
Loans_Schedule_of_Allowances_f
Loans - Schedule of Allowances for Loan Losses by Portfolio Segment (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | $4,580 | $4,082 | $4,031 |
Provision for loan losses | 840 | 823 | 950 |
Charge-offs | -428 | -507 | -1,014 |
Recoveries | 93 | 182 | 115 |
Net charge-offs | -335 | -325 | -899 |
Ending balance | 5,085 | 4,580 | 4,082 |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 933 | 1,024 | 1,179 |
Provision for loan losses | 451 | -78 | 294 |
Charge-offs | -190 | -29 | -487 |
Recoveries | 25 | 16 | 38 |
Net charge-offs | -165 | -13 | -449 |
Ending balance | 1,219 | 933 | 1,024 |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 1,902 | 1,673 | 1,183 |
Provision for loan losses | 78 | 512 | 558 |
Charge-offs | -108 | -283 | -68 |
Recoveries | ' | ' | ' |
Net charge-offs | -108 | -283 | -68 |
Ending balance | 1,872 | 1,902 | 1,673 |
Residential Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 1,096 | 894 | 1,057 |
Provision for loan losses | 173 | 206 | 115 |
Charge-offs | -82 | -106 | -297 |
Recoveries | 18 | 102 | 19 |
Net charge-offs | -64 | -4 | -278 |
Ending balance | 1,205 | 1,096 | 894 |
Construction & Land Development [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 253 | 180 | 213 |
Provision for loan losses | -75 | 73 | 8 |
Charge-offs | ' | ' | -41 |
Recoveries | ' | ' | ' |
Net charge-offs | ' | ' | -41 |
Ending balance | 178 | 253 | 180 |
Consumer [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 76 | 78 | 80 |
Provision for loan losses | 13 | 23 | 61 |
Charge-offs | -48 | -89 | -121 |
Recoveries | 50 | 64 | 58 |
Net charge-offs | 2 | -25 | -63 |
Ending balance | 91 | 76 | 78 |
Unallocated [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Beginning balance | 320 | 233 | 319 |
Provision for loan losses | 200 | 87 | -86 |
Charge-offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Net charge-offs | ' | ' | ' |
Ending balance | $520 | $320 | $233 |
Loans_Allowances_for_Loan_Loss
Loans - Allowances for Loan Losses and Ending Balances by Portfolio Segment and Based on Impairment Method (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Ending allowance balances attributable to loans: | ' | ' | ' | ' |
Individually evaluated for impairment | $784 | $779 | $522 | ' |
Collectively evaluated for impairment | 4,301 | 3,801 | ' | ' |
Total ending allowance balance | 5,085 | 4,580 | 4,082 | 4,031 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | 10,640 | 10,191 | ' | ' |
Loans collectively evaluated for impairment | 368,242 | 354,150 | ' | ' |
Total ending loans balance | 378,882 | 364,341 | ' | ' |
Commercial [Member] | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' |
Individually evaluated for impairment | 241 | 85 | ' | ' |
Collectively evaluated for impairment | 978 | 848 | ' | ' |
Total ending allowance balance | 1,219 | 933 | 1,024 | 1,179 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | 5,576 | 4,315 | ' | ' |
Loans collectively evaluated for impairment | 111,902 | 100,584 | ' | ' |
Total ending loans balance | 117,478 | 104,899 | ' | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' |
Individually evaluated for impairment | 331 | 522 | ' | ' |
Collectively evaluated for impairment | 1,541 | 1,380 | ' | ' |
Total ending allowance balance | 1,872 | 1,902 | 1,673 | 1,183 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | 3,220 | 4,573 | ' | ' |
Loans collectively evaluated for impairment | 126,608 | 114,619 | ' | ' |
Total ending loans balance | 129,828 | 119,192 | ' | ' |
Residential Real Estate [Member] | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' |
Individually evaluated for impairment | 212 | 172 | ' | ' |
Collectively evaluated for impairment | 993 | 924 | ' | ' |
Total ending allowance balance | 1,205 | 1,096 | 894 | 1,057 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | 1,844 | 1,137 | ' | ' |
Loans collectively evaluated for impairment | 109,601 | 109,275 | ' | ' |
Total ending loans balance | 111,445 | 110,412 | ' | ' |
Construction & Land Development [Member] | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' |
Individually evaluated for impairment | ' | ' | ' | ' |
Collectively evaluated for impairment | 178 | 253 | ' | ' |
Total ending allowance balance | 178 | 253 | 180 | 213 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | ' | 166 | ' | ' |
Loans collectively evaluated for impairment | 13,444 | 23,192 | ' | ' |
Total ending loans balance | 13,444 | 23,358 | ' | ' |
Consumer [Member] | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' |
Individually evaluated for impairment | ' | ' | ' | ' |
Collectively evaluated for impairment | 91 | 76 | ' | ' |
Total ending allowance balance | 91 | 76 | 78 | 80 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | ' | ' | ' | ' |
Loans collectively evaluated for impairment | 6,687 | 6,480 | ' | ' |
Total ending loans balance | 6,687 | 6,480 | ' | ' |
Unallocated [Member] | ' | ' | ' | ' |
Ending allowance balances attributable to loans: | ' | ' | ' | ' |
Individually evaluated for impairment | ' | ' | ' | ' |
Collectively evaluated for impairment | 520 | 320 | ' | ' |
Total ending allowance balance | $520 | $320 | $233 | $319 |
Loans_Schedule_of_Impairment_b
Loans - Schedule of Impairment by Class of Loans (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Unpaid Principal Balance | $11,136 | $10,617 | $7,408 |
Recorded Investment With No Allowance | 907 | 1,975 | ' |
Recorded Investment With Allowance | 9,748 | 8,235 | 7,263 |
Total Recorded Investment | 10,655 | 10,210 | 7,263 |
Related Allowance | 784 | 779 | 522 |
Average Recorded Investment | 9,171 | 9,456 | 5,917 |
Interest Income Recognized | 388 | 337 | 169 |
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 | 21 | 167 | ' |
Interest Income Recognized | 2 | ' | ' |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Unpaid Principal Balance | 5,595 | 4,315 | 4,605 |
Recorded Investment With No Allowance | 7 | ' | ' |
Recorded Investment With Allowance | 5,580 | 4,329 | 4,605 |
Total Recorded Investment | 5,587 | 4,329 | 4,605 |
Related Allowance | 241 | 85 | 165 |
Average Recorded Investment | 4,185 | 4,123 | 2,890 |
Interest Income Recognized | 182 | 167 | 91 |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Unpaid Principal Balance | 3,540 | 4,906 | 2,621 |
Recorded Investment With No Allowance | 563 | 1,723 | ' |
Recorded Investment With Allowance | 2,658 | 2,849 | 2,476 |
Total Recorded Investment | 3,221 | 4,572 | 2,476 |
Related Allowance | 331 | 522 | 304 |
Average Recorded Investment | 3,650 | 4,396 | 2,924 |
Interest Income Recognized | 163 | 152 | 78 |
Residential Real Estate [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Unpaid Principal Balance | 2,001 | 1,223 | 182 |
Recorded Investment With No Allowance | 337 | 86 | ' |
Recorded Investment With Allowance | 1,510 | 1,057 | 182 |
Total Recorded Investment | 1,847 | 1,143 | 182 |
Related Allowance | 212 | 172 | 53 |
Average Recorded Investment | 1,315 | 770 | 103 |
Interest Income Recognized | $41 | $18 | ' |
Loans_Schedule_of_Aging_of_Pas
Loans - Schedule of Aging of Past Due and Nonaccrual Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | $374,096 | $359,799 |
30 - 59 Days Past Due | 865 | 705 |
60 - 89 Days Past Due | 651 | 500 |
90 Days + Past Due | 1,036 | 131 |
Nonaccrual | 2,234 | 3,206 |
Total Past Due and Nonaccrual | 4,786 | 4,542 |
Total ending loans balance | 378,882 | 364,341 |
Construction & land development [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 12,494 | 23,180 |
30 - 59 Days Past Due | ' | ' |
60 - 89 Days Past Due | ' | 5 |
90 Days + Past Due | 950 | ' |
Nonaccrual | ' | 173 |
Total Past Due and Nonaccrual | 950 | 178 |
Total ending loans balance | 13,444 | 23,358 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 117,342 | 104,348 |
30 - 59 Days Past Due | 15 | 60 |
60 - 89 Days Past Due | 37 | 8 |
90 Days + Past Due | ' | ' |
Nonaccrual | 84 | 483 |
Total Past Due and Nonaccrual | 136 | 551 |
Total ending loans balance | 117,478 | 104,899 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 128,462 | 117,372 |
30 - 59 Days Past Due | 111 | 41 |
60 - 89 Days Past Due | 107 | 34 |
90 Days + Past Due | 40 | ' |
Nonaccrual | 1,108 | 1,745 |
Total Past Due and Nonaccrual | 1,366 | 1,820 |
Total ending loans balance | 129,828 | 119,192 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 109,274 | 108,574 |
30 - 59 Days Past Due | 616 | 472 |
60 - 89 Days Past Due | 467 | 430 |
90 Days + Past Due | 46 | 131 |
Nonaccrual | 1,042 | 805 |
Total Past Due and Nonaccrual | 2,171 | 1,838 |
Total ending loans balance | 111,445 | 110,412 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 6,524 | 6,325 |
30 - 59 Days Past Due | 123 | 132 |
60 - 89 Days Past Due | 40 | 23 |
90 Days + Past Due | ' | ' |
Nonaccrual | ' | ' |
Total Past Due and Nonaccrual | 163 | 155 |
Total ending loans balance | $6,687 | $6,480 |
Loans_Summary_of_Troubled_Debt
Loans - Summary of Troubled Debt Restructurings (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Contract | Contract | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number Of Loans Restructured | 6 | 11 |
Pre-Modification Recorded Investment | $347 | $975 |
Post-Modification Recorded Investment | 347 | 975 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number Of Loans Restructured | 3 | 9 |
Pre-Modification Recorded Investment | 264 | 798 |
Post-Modification Recorded Investment | 264 | 798 |
Commercial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number Of Loans Restructured | 3 | 2 |
Pre-Modification Recorded Investment | 83 | 177 |
Post-Modification Recorded Investment | $83 | $177 |
Loans_Summary_of_Loans_by_Cred
Loans - Summary of Loans by Credit Quality Indicator (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | $378,882 | $364,341 |
Construction & land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 13,444 | 23,358 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 117,478 | 104,899 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 129,828 | 119,192 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 111,445 | 110,412 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 6,687 | 6,480 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 226,167 | 212,988 |
Pass [Member] | Construction & land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 9,470 | 18,063 |
Pass [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 101,195 | 92,123 |
Pass [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 115,265 | 102,602 |
Pass [Member] | Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 237 | 200 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 20,015 | 14,275 |
Special Mention [Member] | Construction & land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 587 | 2,750 |
Special Mention [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 10,352 | 5,854 |
Special Mention [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 9,076 | 5,671 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 11,038 | 16,393 |
Substandard [Member] | Construction & land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 1,884 | 1,244 |
Substandard [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 5,066 | 6,637 |
Substandard [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 4,041 | 8,459 |
Substandard [Member] | Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 47 | 53 |
Not Rated [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 121,662 | 120,685 |
Not Rated [Member] | Construction & land development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 1,503 | 1,301 |
Not Rated [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 865 | 285 |
Not Rated [Member] | Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 1,446 | 2,460 |
Not Rated [Member] | Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 111,161 | 110,159 |
Not Rated [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | $6,687 | $6,480 |
Loans_Schedule_of_Loans_Not_Ra
Loans - Schedule of Loans Not Rated by Class of Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | $121,662 | $120,685 |
Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 120,620 | 119,795 |
Non-Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,042 | 890 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 865 | 285 |
Commercial [Member] | Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 865 | 285 |
Commercial [Member] | Non-Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | ' | ' |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,446 | 2,460 |
Commercial Real Estate [Member] | Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,446 | 2,460 |
Commercial Real Estate [Member] | Non-Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | ' | ' |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 111,161 | 110,159 |
Residential Real Estate [Member] | Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 110,119 | 109,276 |
Residential Real Estate [Member] | Non-Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,042 | 883 |
Construction & Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,503 | 1,301 |
Construction & Land Development [Member] | Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 1,503 | 1,294 |
Construction & Land Development [Member] | Non-Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | ' | 7 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 6,687 | 6,480 |
Consumer [Member] | Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | 6,687 | 6,480 |
Consumer [Member] | Non-Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans not rated by class of loans | ' | ' |
Premises_And_Equipment_Compone
Premises And Equipment - Components of Premises and Equipments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | $18,732 | $17,934 |
Accumulated depreciation | 10,042 | 9,459 |
Premises and equipment, net | 8,690 | 8,475 |
Land and Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 1,489 | 1,489 |
Buildings and Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 9,656 | 9,422 |
Furniture and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 7,327 | 6,763 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | $260 | $260 |
Premises_and_Equipments_Additi
Premises and Equipments - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property Plant And Equipment Useful Life And Values [Abstract] | ' | ' | ' |
Rental Expenses | $299 | $298 | $187 |
Depreciation | $625 | $567 | $530 |
Premises_and_Equipments_Summar
Premises and Equipments - Summary of Future Minimum Lease Payments (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Property Plant And Equipment Useful Life And Values [Abstract] | ' |
2014 | $299 |
2015 | 294 |
2016 | 172 |
2017 | 32 |
Total | $797 |
Core_Deposit_Intangible_Assets2
Core Deposit Intangible Assets - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Amortization Expense [Line Items] | ' | ' | ' |
Amortization Expenses | $135 | $140 | $78 |
Branch acquisition of core deposit intangible | 0 | 0 | 706 |
Core Deposits [Member] | ' | ' | ' |
Amortization Expense [Line Items] | ' | ' | ' |
Amortization Expenses | $135 | $140 | $78 |
Asset Amortized over an estimated life | '10 years | ' | ' |
Core_Deposit_Intangible_Assets3
Core Deposit Intangible Assets - Core Deposit Intangible and Related Accumulated Amortization (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Goodwill And Core Deposit Intangibles [Line Items] | ' | ' | ' |
Net carrying amount | $759 | ' | ' |
Core Deposits [Member] | ' | ' | ' |
Goodwill And Core Deposit Intangibles [Line Items] | ' | ' | ' |
Gross carrying amount | 1,251 | 1,251 | 1,251 |
Accumulated amortization | -492 | -357 | -217 |
Net carrying amount | $759 | $894 | $1,034 |
Core_Deposit_Intangible_Assets4
Core Deposit Intangible Assets - Future Amortization Expense for Core Deposit Asset (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Goodwill And Intangible Assets Disclosure [Abstract] | ' |
2014 | $129 |
2015 | 125 |
2016 | 121 |
2017 | 116 |
2018 | 101 |
Thereafter | 167 |
Net carrying amount | $759 |
InterestBearing_Deposits_Summa
Interest-Bearing Deposits - Summary of Interest - Bearing Deposits (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Time deposits: | ' | ' |
Total interest-bearing deposits | $360,608 | $371,296 |
Interest-bearing Deposits [Member] | ' | ' |
Interest Bearing Deposits [Line Items] | ' | ' |
Demand | 76,327 | 74,429 |
Savings | 149,937 | 138,794 |
Time deposits: | ' | ' |
In excess of $100,000 | 42,562 | 54,163 |
Other | 91,782 | 103,910 |
Total interest-bearing deposits | $360,608 | $371,296 |
InterestBearing_Deposits_State
Interest-Bearing Deposits - Stated Maturities of Time Deposits (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Banking And Thrift [Abstract] | ' |
2014 | $75,051 |
2015 | 25,282 |
2016 | 18,791 |
2017 | 8,271 |
2018 | 6,902 |
2019 and beyond | 47 |
Total | $134,344 |
Borrowings_ShortTerm_Borrowing
Borrowings - Short-Term Borrowings (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Equity Method Investments And Cost Method Investments [Abstract] | ' | ' |
Balance at year-end | $48,671 | $43,992 |
Average balance outstanding | 45,330 | 40,893 |
Maximum month-end balance | $48,671 | $43,992 |
Weighted-average rate at year-end | 0.15% | 0.20% |
Weighted-average rate during the year | 0.15% | 0.22% |
Borrowings_Concerning_of_Other
Borrowings - Concerning of Other Borrowings (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Debt Instrument [Line Items] | ' | ' |
Other borrowings | $12,459 | $12,672 |
Fixed Rate Borrowing [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Maturity Date Range, From | 2-Oct-14 | ' |
Maturity Date Range, To | 21-Dec-17 | ' |
Weighted Average Interest Rate | 3.62% | ' |
Stated Interest Rate Range, From | 3.48% | ' |
Stated Interest Rate Range, To | 3.73% | ' |
Other borrowings | 12,000 | 12,000 |
Fixed Rate Amortizing Borrowing [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Maturity Date Range, From | 1-Jan-14 | ' |
Maturity Date Range, To | 1-Mar-17 | ' |
Weighted Average Interest Rate | 5.99% | ' |
Stated Interest Rate Range, From | 4.80% | ' |
Stated Interest Rate Range, To | 7.15% | ' |
Other borrowings | $459 | $672 |
Borrowings_Schedule_of_Maturit
Borrowings - Schedule of Maturities Other Borrowings (Detail) (Other Borrowings [Member], USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Other Borrowings [Member] | ' |
Debt Instrument [Line Items] | ' |
2014 | $2,190 |
2015 | 169 |
2016 | 97 |
2017 | 10,003 |
Long term Debt, Total | $12,459 |
Weighted Average Interest Rate, 2014 | 3.91% |
Weighted Average Interest Rate, 2015 | 6.01% |
Weighted Average Interest Rate, 2016 | 5.84% |
Weighted Average Interest Rate, 2017 | 3.61% |
Total | 3.71% |
Borrowings_Additional_Informat
Borrowings - Additional Information (Detail) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Equity Method Investments And Cost Method Investments [Abstract] | ' |
Principal curtailment is due on borrowings | 10.00% |
Additional borrowing capacity | $42.10 |
Income_Taxes_Provision_for_Inc
Income Taxes - Provision for Income Taxes (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Expense Benefit Continuing Operations [Abstract] | ' | ' | ' |
Current | $2,196 | $2,040 | $1,257 |
Deferred | 77 | -50 | 345 |
Total income tax provision | $2,273 | $1,990 | $1,602 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Federal income tax effective rate | 34.00% |
Net operating loss tax carry-forward | $1,400,000 |
Operating loss carryforward expiration | '2026 |
Capital loss carryforward expiration | '2014 |
Liability for uncertain tax position | 0 |
Unrecognized tax benefits | $0 |
Income_Taxes_Income_Tax_Provis
Income Taxes - Income Tax Provision Attributable to Income from Operations (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Abstract] | ' | ' | ' |
Expected provision using statutory federal income tax rate | $2,554 | $2,223 | $1,798 |
Tax-exempt income on state and municipal securities and political subdivision loans | -203 | -269 | -169 |
Interest expense associated with carrying certain state and municipal securities and political subdivision loans | 6 | 6 | 8 |
Tax-exempt income on bank owned life insurance | -86 | -78 | -36 |
Other | 2 | 108 | 1 |
Total income tax provision | $2,273 | $1,990 | $1,602 |
Income_Taxes_Tax_Effects_of_Te
Income Taxes - Tax Effects of Temporary Differences of Deferred Tax Assets and Deferred Tax Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Components Of Deferred Tax Assets And Liabilities [Abstract] | ' | ' |
Allowance for loan losses | $1,887 | $1,470 |
Net operating loss carryforward | 470 | 598 |
Capital loss carryforward | 35 | 35 |
Unrealized loss on securities available-for-sale | 750 | ' |
Other | 37 | 109 |
Deferred tax assets, Gross | 3,179 | 2,212 |
Valuation allowance on deferred tax assets | -35 | -35 |
Deferred tax assets | 3,144 | 2,177 |
Premises and equipment | -443 | -399 |
Federal Home Loan Bank stock dividends | -736 | -736 |
Deferred loan fees | -226 | -173 |
Unrealized gain on securities available-for-sale | ' | -960 |
Prepaid expenses | -120 | -120 |
Other | -462 | -265 |
Deferred tax liabilities | -1,987 | -2,653 |
Net deferred tax asset (liability) | $1,157 | ($476) |
Employee_Benefits_Additional_I
Employee Benefits - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' | ' |
Profit sharing contribution | 2.75% | 2.50% | 2.50% |
Company match of participant contributions | 50.00% | ' | ' |
Maximum annual compensation contribution | 2.00% | ' | ' |
Expense under plan | $284 | $270 | $242 |
Stock options granted | ' | ' | ' |
Total intrinsic value of stock options and outstanding | 34 | 4 | ' |
Total intrinsic value of exercisable stock options | $34 | $4 | ' |
Stock options exercised | 1,000 | 4,650 | 0 |
Stock options vested | 0 | 0 | ' |
Employee_Benefits_Summary_of_S
Employee Benefits - Summary of Stock Options Activity (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' | ' |
Outstanding at beginning of year, shares | 31,760 | 39,620 | 39,945 |
Granted, shares | ' | ' | ' |
Exercised, shares | -1,000 | -4,650 | 0 |
Forfeited, shares | ' | -3,210 | -325 |
Outstanding at end of year, shares | 30,760 | 31,760 | 39,620 |
Options exercisable at year-end, shares | 30,760 | 31,760 | 39,620 |
Outstanding at beginning of year, Weighted Average Exercise Price | $17.85 | $17.49 | $17.48 |
Granted, Weighted Average Exercise Price | ' | ' | ' |
Exercised, Weighted Average Exercise Price | ($16.10) | ($16.05) | ' |
Forfeited, Weighted Average Exercise Price | ' | ($16.06) | ($16.05) |
Outstanding at end of year, Weighted Average Exercise Price | $17.90 | $17.85 | $17.49 |
Options exercisable at year-end, Weighted Average Exercise Price | $17.90 | $17.85 | $17.49 |
Weighted-average fair value of options granted during year, Weighted Average Exercise Price | ' | ' | ' |
Employee_Benefits_Summary_of_O
Employee Benefits - Summary of Options Outstanding (Detail) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' |
Outstanding options, Weighted Average Remaining Contractual Life | '2 years 2 months 1 day | ' | ' | ' |
Outstanding options, number | 30,760 | 31,760 | 39,620 | 39,945 |
Exercisable Options, Weighted Average Exercise Price | $17.90 | $17.85 | $17.49 | $17.48 |
15.00 [Member] | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' |
Range Of Exercise Prices | $15 | ' | ' | ' |
Outstanding options, Weighted Average Remaining Contractual Life | '7 months 6 days | ' | ' | ' |
Outstanding options, number | 1,000 | ' | ' | ' |
Exercisable Options, Weighted Average Exercise Price | $15 | ' | ' | ' |
18.00 [Member] | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' | ' |
Range Of Exercise Prices | $18 | ' | ' | ' |
Outstanding options, Weighted Average Remaining Contractual Life | '2 years 2 months 19 days | ' | ' | ' |
Outstanding options, number | 29,760 | ' | ' | ' |
Exercisable Options, Weighted Average Exercise Price | $18 | ' | ' | ' |
Financial_Instruments_with_Off2
Financial Instruments with Off-Balance Sheet Risk - Summary of Financial Instruments whose Contract Amount Represents Credit Risk (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Off Balance Sheet Financing [Line Items] | ' | ' |
Fair value of financial instruments | $679 | $1,539 |
Commitments to Extend Credit [Member] | ' | ' |
Off Balance Sheet Financing [Line Items] | ' | ' |
Fair value of financial instruments | $119,571 | $105,829 |
Financial_Instruments_with_Off3
Financial Instruments with Off-Balance Sheet Risk - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Offsetting [Abstract] | ' |
Letters of credit expiry year | '2014 |
RelatedParty_Transactions_Summ
Related-Party Transactions - Summary of Analysis of Activity of Related-Party Loans (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Related Party Transactions [Abstract] | ' |
Balance at beginning of year | $6,218 |
New loans and advances | 315 |
Repayments, including loans sold | 1,441 |
Balance at end of year | $5,092 |
RelatedParty_Transactions_Addi
Related-Party Transactions - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Related Party Transactions [Abstract] | ' | ' |
Deposits from executive officers, directors and their related business interests | $10.40 | $10.50 |
Regulatory_Matters_Summary_of_
Regulatory Matters - Summary of Actual Capital Amounts and Ratios of Company and Bank (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Consolidated [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total capital (to risk-weighted assets), actual amount | $53,268 | $49,534 |
Tier I capital (to risk-weighted assets), actual amount | 48,357 | 44,946 |
Tier I capital (to average assets), actual amount | 48,357 | 44,946 |
Total capital (to risk-weighted assets), actual ratio | 13.60% | 13.30% |
Tier I capital (to risk-weighted assets), actual ratio | 12.30% | 12.10% |
Tier I capital (to average assets), actual ratio | 8.20% | 7.90% |
Total capital (to risk-weighted assets), minimum required for capital adequacy purposes amount | 31,416 | 29,707 |
Tier I capital (to risk-weighted assets), minimum required for capital adequacy purposes amount | 15,708 | 14,854 |
Tier I capital (to average assets), minimum required for capital adequacy purposes amount | 23,550 | 22,794 |
Total capital (to risk-weighted assets), minimum required for capital adequacy purposes ratio | 8.00% | 8.00% |
Tier I capital (to risk-weighted assets), minimum required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier I capital (to average assets), minimum required for capital adequacy purposes ratio | 4.00% | 4.00% |
Total capital (to risk-weighted assets), minimum required to be well capitalized under prompt corrective action amount | 39,270 | 37,134 |
Tier I capital (to risk-weighted assets), minimum required to be well capitalized under prompt corrective action amount | 23,562 | 22,280 |
Tier I capital (to average assets), minimum required to be well capitalized under prompt corrective action amount | 29,438 | 28,493 |
Total capital (to risk-weighted assets), minimum required to be well capitalized under prompt corrective action ratio | 10.00% | 10.00% |
Tier I capital (to risk-weighted assets), minimum required to be well capitalized under prompt corrective action ratio | 6.00% | 6.00% |
Tier I capital (to average assets), minimum required to be well capitalized under prompt corrective action ratio | 5.00% | 5.00% |
Bank [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total capital (to risk-weighted assets), actual amount | 52,458 | 48,940 |
Tier I capital (to risk-weighted assets), actual amount | 47,558 | 44,352 |
Tier I capital (to average assets), actual amount | 47,558 | 44,352 |
Total capital (to risk-weighted assets), actual ratio | 13.40% | 13.20% |
Tier I capital (to risk-weighted assets), actual ratio | 12.10% | 12.00% |
Tier I capital (to average assets), actual ratio | 8.10% | 7.80% |
Total capital (to risk-weighted assets), minimum required for capital adequacy purposes amount | 31,392 | 29,695 |
Tier I capital (to risk-weighted assets), minimum required for capital adequacy purposes amount | 15,696 | 14,847 |
Tier I capital (to average assets), minimum required for capital adequacy purposes amount | 23,544 | 22,788 |
Total capital (to risk-weighted assets), minimum required for capital adequacy purposes ratio | 8.00% | 8.00% |
Tier I capital (to risk-weighted assets), minimum required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier I capital (to average assets), minimum required for capital adequacy purposes ratio | 4.00% | 4.00% |
Total capital (to risk-weighted assets), minimum required to be well capitalized under prompt corrective action amount | 39,240 | 37,118 |
Tier I capital (to risk-weighted assets), minimum required to be well capitalized under prompt corrective action amount | 23,544 | 22,271 |
Tier I capital (to average assets), minimum required to be well capitalized under prompt corrective action amount | $29,430 | $28,485 |
Total capital (to risk-weighted assets), minimum required to be well capitalized under prompt corrective action ratio | 10.00% | 10.00% |
Tier I capital (to risk-weighted assets), minimum required to be well capitalized under prompt corrective action ratio | 6.00% | 6.00% |
Tier I capital (to average assets), minimum required to be well capitalized under prompt corrective action ratio | 5.00% | 5.00% |
Regulatory_Matters_Additional_
Regulatory Matters - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 | Jan. 01, 2014 |
Subsequent Event [Member] | ||
Schedule Of Regulatory Assets And Liabilities [Line Items] | ' | ' |
Period of Retained Earnings For Restriction of Dividend | '2 years | ' |
Provision for dividend to the Company | ' | $7.50 |
Maximum percentage of secured loans of Bank's common stock and capital surplus | 10.00% | ' |
Condensed_Parent_Company_Finan2
Condensed Parent Company Financial Information - Summary of Condensed Financial Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
ASSETS | ' | ' | ' | ' |
Cash deposited with subsidiary bank | $15,777 | $21,485 | ' | ' |
Securities available-for-sale | 101,722 | 129,291 | ' | ' |
TOTAL ASSETS | 596,465 | 586,900 | ' | ' |
LIABILITIES AND SHAREHOLDERS' EQUITY | ' | ' | ' | ' |
Total liabilities | 544,054 | 534,447 | ' | ' |
Total shareholders' equity | 52,411 | 52,453 | 49,429 | 47,154 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 596,465 | 586,900 | ' | ' |
Parent Company [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash deposited with subsidiary bank | 598 | 388 | ' | ' |
Investment in subsidiary bank | 51,596 | 51,858 | ' | ' |
Securities available-for-sale | 128 | 69 | ' | ' |
Other assets | 192 | 207 | ' | ' |
TOTAL ASSETS | 52,514 | 52,522 | ' | ' |
LIABILITIES AND SHAREHOLDERS' EQUITY | ' | ' | ' | ' |
Total liabilities | 103 | 69 | ' | ' |
Total shareholders' equity | 52,411 | 52,453 | ' | ' |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $52,514 | $52,522 | ' | ' |
Condensed_Parent_Company_Finan3
Condensed Parent Company Financial Information - Summary Condensed Statements of Income (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | $7,513 | $6,537 | $5,289 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | 2,273 | 1,990 | 1,602 |
NET INCOME | 1,224 | 1,407 | 1,247 | 1,362 | 1,120 | 1,231 | 1,141 | 1,055 | 5,240 | 4,547 | 3,687 |
COMPREHENSIVE INCOME | ' | ' | ' | ' | ' | ' | ' | ' | 1,920 | 4,981 | 4,244 |
Parent Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest on securities | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 2 | 1 |
Dividends from subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 2,400 | 2,000 | 2,300 |
Total income | ' | ' | ' | ' | ' | ' | ' | ' | 2,402 | 2,002 | 2,301 |
Operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 356 | 354 | 336 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 2,046 | 1,648 | 1,965 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | -121 | -120 | -115 |
Equity earnings in subsidiary, net of dividends | ' | ' | ' | ' | ' | ' | ' | ' | 3,073 | 2,779 | 1,607 |
NET INCOME | ' | ' | ' | ' | ' | ' | ' | ' | 5,240 | 4,547 | 3,687 |
COMPREHENSIVE INCOME | ' | ' | ' | ' | ' | ' | ' | ' | $1,920 | $4,981 | $4,244 |
Condensed_Parent_Company_Finan4
Condensed Parent Company Financial Information - Condensed Statements of Cash Flows (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net income | $5,240 | $4,547 | $3,687 |
Adjustments to reconcile net income to cash provided by operations: | ' | ' | ' |
Other assets and liabilities | 339 | 831 | 415 |
Net cash provided by operating activities | 6,949 | 7,064 | 5,774 |
Cash flows from investing activities: | ' | ' | ' |
Purchase of investment securities | -55,693 | -82,382 | -95,542 |
Net cash provided by (used in) investing activities | -39,282 | -52,931 | 13,138 |
Cash flows from financing activities: | ' | ' | ' |
Cash dividends paid | -1,970 | -1,969 | -1,969 |
Cash received from exercise of stock options | 8 | 5 | ' |
Net cash provided by financing activities | 8,054 | 30,487 | 14,986 |
Increase (decrease) in cash | -24,279 | -15,380 | 33,898 |
Parent Company [Member] | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' |
Net income | 5,240 | 4,547 | 3,687 |
Adjustments to reconcile net income to cash provided by operations: | ' | ' | ' |
Equity earnings in subsidiary, net of dividends | -3,073 | -2,779 | -1,607 |
Other assets and liabilities | 42 | 49 | 48 |
Net cash provided by operating activities | 2,209 | 1,817 | 2,128 |
Cash flows from investing activities: | ' | ' | ' |
Purchase of investment securities | -37 | ' | ' |
Net cash provided by (used in) investing activities | -37 | ' | ' |
Cash flows from financing activities: | ' | ' | ' |
Cash dividends paid | -1,970 | -1,969 | -1,969 |
Cash received from exercise of stock options | 8 | 5 | ' |
Net cash provided by financing activities | -1,962 | -1,964 | -1,969 |
Increase (decrease) in cash | 210 | -147 | 159 |
Cash at beginning of year | 388 | 535 | 376 |
Cash at end of year | $598 | $388 | $535 |
Fair_Value_Measurements_Additi
Fair Value Measurements - Additional Information (Detail) (USD $) | Dec. 31, 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 $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Available-for-sale Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | $101,722 | $129,291 |
U.S. Treasury security [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 997 | 100 |
U.S. Government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 22,301 | 35,980 |
Mortgage-backed securities of government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 54,535 | 69,039 |
Asset-backed securities of government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 2,775 | 2,823 |
State and political subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 16,447 | 16,883 |
Corporate bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 4,539 | 4,397 |
Total debt securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 101,594 | 129,222 |
Equity securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 128 | 69 |
Level I [Member] | Available-for-sale Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 1,125 | 169 |
Level I [Member] | U.S. Treasury security [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 997 | 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 of government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level I [Member] | Asset-backed securities of government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level I [Member] | State 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] | Total debt securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 997 | 100 |
Level I [Member] | Equity securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 128 | 69 |
Level II [Member] | Available-for-sale Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 100,597 | 129,122 |
Level II [Member] | U.S. Treasury security [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 | 22,301 | 35,980 |
Level II [Member] | Mortgage-backed securities of government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 54,535 | 69,039 |
Level II [Member] | Asset-backed securities of government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 2,775 | 2,823 |
Level II [Member] | State and political subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 16,447 | 16,883 |
Level II [Member] | Corporate bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 4,539 | 4,397 |
Level II [Member] | Total debt securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 100,597 | 129,122 |
Level II [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] | U.S. Treasury security [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 of government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | Asset-backed securities of government agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | ' | ' |
Level III [Member] | State 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] | Total debt securities [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 | ' | ' |
Fair_Value_Measurements_Schedu1
Fair Value Measurements - Schedule of Fair Value of Assets Measured on Nonrecurring Basis (Detail) (Fair Value, Measurements, Nonrecurring [Member], USD $) | Dec. 31, 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 | $9,856 | $9,412 |
Mortgage Servicing Rights [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 225 | 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 | 9,856 | 9,412 |
Level III [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total Assets | 225 | 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) (Fair Value, Measurements, Nonrecurring [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Estimate | $9,856 | $9,412 |
Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Estimate | 225 | 214 |
Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Estimate | ' | 25 |
Level III [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Estimate | 9,856 | 9,412 |
Level III [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Estimate | 225 | 214 |
Level III [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Estimate | ' | 25 |
Level III [Member] | Discounted Cash Flow [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Estimate | 8,663 | 7,260 |
Remaining term | '62 months | '74 months |
Discount rate | 7.50% | 7.80% |
Level III [Member] | Discounted Cash Flow [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Estimate | 225 | 214 |
Remaining term | '244 months | '244 months |
Discount rate | 1.50% | 1.50% |
Level III [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Remaining term | '3 months | '4 months |
Discount rate | 7.10% | 7.50% |
Level III [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Remaining term | '12 months | '24 months |
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% |
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 |
Level III [Member] | Appraisal of Collateral [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Estimate | 1,193 | 2,152 |
Liquidation expense | -10.00% | -10.00% |
Level III [Member] | Appraisal of Collateral [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Estimate | ' | $25 |
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% |
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% |
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% |
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% |
Fair_Values_of_Financial_Instr2
Fair Values of Financial Instruments - Schedule of Estimated Fair Values of Recognized Financial Instruments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financial assets: | ' | ' |
Securities available-for-sale | $101,722 | $129,291 |
Securities held-to-maturity | 42,643 | ' |
Bank-owned life insurance | 9,551 | 8,298 |
Carrying Value [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 42,599 | 66,878 |
Securities available-for-sale | 101,722 | 129,291 |
Securities held-to-maturity | 44,350 | ' |
Restricted stock | 5,463 | 5,463 |
Net loans | 374,040 | 360,000 |
Bank-owned life insurance | 9,551 | 8,298 |
Accrued interest receivable | 1,374 | 1,317 |
Financial liabilities: | ' | ' |
Deposits | 480,933 | 475,443 |
Short-term borrowings | 48,671 | 43,992 |
Other borrowings | 12,459 | 12,672 |
Accrued interest payable | 96 | 135 |
Fair Value [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 42,599 | 66,878 |
Securities available-for-sale | 101,722 | 129,291 |
Securities held-to-maturity | 42,643 | ' |
Restricted stock | 5,463 | 5,463 |
Net loans | 375,055 | 367,028 |
Bank-owned life insurance | 9,551 | 8,298 |
Accrued interest receivable | 1,374 | 1,317 |
Financial liabilities: | ' | ' |
Deposits | 481,695 | 476,942 |
Short-term borrowings | 48,671 | 43,992 |
Other borrowings | 12,559 | 13,772 |
Accrued interest payable | 96 | 135 |
Fair Value [Member] | Level I [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 42,599 | 66,878 |
Securities available-for-sale | 1,125 | 169 |
Bank-owned life insurance | 9,551 | 8,298 |
Accrued interest receivable | 1,374 | 1,317 |
Financial liabilities: | ' | ' |
Deposits | 346,589 | 317,369 |
Short-term borrowings | 48,671 | 43,992 |
Accrued interest payable | 96 | 135 |
Fair Value [Member] | Level II [Member] | ' | ' |
Financial assets: | ' | ' |
Securities available-for-sale | 100,597 | 129,122 |
Securities held-to-maturity | 42,643 | ' |
Restricted stock | 5,463 | 5,463 |
Fair Value [Member] | Level III [Member] | ' | ' |
Financial assets: | ' | ' |
Net loans | 375,055 | 367,028 |
Financial liabilities: | ' | ' |
Deposits | 135,106 | 159,573 |
Other borrowings | $12,559 | $13,772 |
Fair_Values_of_Financial_Instr3
Fair Values of Financial Instruments - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Fair Value Disclosures [Abstract] | ' | ' |
Commitments to extend credit and letters of credit | $120.30 | $107.40 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income - Schedule of Changes in Accumulated Other Comprehensive (Loss) Income by Component Net of Tax (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Unrealized holding (loss) gain on available-for-sale securities arising during the period, Pretax | ($3,195) | $657 | $1,081 |
Amount reclassified for net gains included in net income, Pretax | -159 | ' | -237 |
Unrealized holding (loss) gain on available-for-sale securities arising during the period, Tax Effect | -1,656 | 223 | 368 |
Amount reclassified for net gains included in net income, Tax Effect | -54 | ' | -81 |
Beginning balance, After-tax | 1,864 | ' | ' |
Ending balance, After-tax | -1,456 | 1,864 | ' |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Beginning balance, Pretax | 2,823 | 2,166 | ' |
Unrealized holding (loss) gain on available-for-sale securities arising during the period, Pretax | -3,195 | 657 | ' |
Amount reclassified for net gains included in net income, Pretax | -159 | ' | ' |
Unrealized loss on securities transferred from available-for-sale to held-to-maturity, Pretax | -1,931 | ' | ' |
Amortization of held-to-maturity discount resulting from transfer, Pretax | 255 | ' | ' |
Total other comprehensive (loss) income, Pretax | -5,030 | 657 | ' |
Ending balance, Pretax | -2,207 | 2,823 | ' |
Beginning balance, Tax Effect | -959 | -736 | ' |
Unrealized holding (loss) gain on available-for-sale securities arising during the period, Tax Effect | 1,086 | -223 | ' |
Amount reclassified for net gains included in net income, Tax Effect | 54 | ' | ' |
Unrealized loss on securities transferred from available-for-sale to held-to-maturity, Tax Effect | 657 | ' | ' |
Amortization of held-to-maturity discount resulting from transfer, Tax Effect | -87 | ' | ' |
Total other comprehensive (loss) income, Tax Effect | 1,710 | -223 | ' |
Ending balance, Tax Effect | 751 | -959 | ' |
Beginning balance, After-tax | 1,864 | 1,430 | ' |
Unrealized holding (loss) gain on available-for-sale securities arising during the period, After-tax | -2,109 | 434 | ' |
Amount reclassified for net gains included in net income, After-tax | -105 | ' | ' |
Unrealized loss on securities transferred from available-for-sale to held-to-maturity, After-tax | -1,274 | ' | ' |
Amortization of held-to-maturity discount resulting from transfer, After-tax | 168 | ' | ' |
Total other comprehensive (loss) income, After-tax | -3,320 | 434 | ' |
Ending balance, After-tax | ($1,456) | $1,864 | ' |
Contingent_Liabilities_Additio
Contingent Liabilities - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Commitments And Contingencies Disclosure [Abstract] | ' |
Period of termination | '2 years |
Quarterly_Financial_Data_Unaud2
Quarterly Financial Data (Unaudited) - Summary of Quarterly Financial Data (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Income | $5,430 | $5,235 | $5,173 | $5,300 | $5,153 | $5,148 | $5,151 | $5,132 | $21,138 | $20,584 | $20,018 |
Net Interest Income | 4,922 | 4,677 | 4,592 | 4,692 | 4,470 | 4,426 | 4,397 | 4,313 | 18,883 | 17,606 | 16,340 |
Net income | $1,224 | $1,407 | $1,247 | $1,362 | $1,120 | $1,231 | $1,141 | $1,055 | $5,240 | $4,547 | $3,687 |
Basic Earnings Per Share | $0.45 | $0.51 | $0.45 | $0.50 | $0.41 | $0.45 | $0.41 | $0.39 | $1.91 | $1.66 | $1.35 |
Diluted Earnings Per Share | $0.45 | $0.51 | $0.45 | $0.50 | $0.41 | $0.45 | $0.41 | $0.39 | $1.91 | $1.66 | $1.35 |