Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Oct. 31, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Fiscal Year Focus | '2014 | ' |
Entity Registrant Name | 'EAGLE FINANCIAL SERVICES INC | ' |
Entity Central Index Key | '0000880641 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 3,454,336 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets [Abstract] | ' | ' |
Cash and due from banks | $7,885 | $9,295 |
Interest-bearing deposits with other institutions | 7,453 | 4,948 |
Total cash and cash equivalents | 15,338 | 14,243 |
Securities available for sale, at fair value | 99,022 | 102,598 |
Restricted investments | 2,358 | 2,192 |
Loans | 465,068 | 444,273 |
Allowance for loan losses | -5,587 | -5,488 |
Net Loans | 459,481 | 438,785 |
Bank premises and equipment, net | 18,529 | 17,214 |
Other real estate owned, net of allowance | 1,644 | 1,646 |
Other assets | 9,844 | 9,766 |
Total assets | 606,216 | 586,444 |
Liabilities and Equity [Abstract] | ' | ' |
Noninterest bearing demand deposits | 151,961 | 147,698 |
Savings and interest bearing demand deposits | 248,736 | 240,749 |
Time deposits | 94,439 | 99,140 |
Total deposits | 495,136 | 487,587 |
Federal Home Loan Bank advances | 30,000 | 22,250 |
Trust preferred capital notes | 7,217 | 7,217 |
Other liabilities | 2,602 | 2,984 |
Total liabilities | 534,955 | 520,038 |
Shareholders' Equity | ' | ' |
Preferred stock, $10 par value; 500,000 shares authorized and unissued | ' | ' |
Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2014, 3,454,336 including 19,151 unvested restricted stock; issued and outstanding 2013, 3,409,831 including 21,050 unvested restricted stock | 8,588 | 8,482 |
Surplus | 12,312 | 11,537 |
Retained earnings | 48,834 | 46,082 |
Accumulated other comprehensive income | 1,527 | 305 |
Total shareholders' equity | 71,261 | 66,406 |
Total liabilities and shareholders' equity | $606,216 | $586,444 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Statement of Financial Position [Abstract] | ' | ' |
Preferred stock, par value | $10 | $10 |
Preferred stock, shares authorized | 500,000 | 500,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value | $2.50 | $2.50 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 3,454,336 | 3,409,831 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Interest and Dividend Income | ' | ' | ' | ' |
Interest and fees on loans | $5,397 | $5,446 | $16,317 | $16,120 |
Interest and dividends on securities available for sale: | ' | ' | ' | ' |
Taxable interest income | 458 | 500 | 1,447 | 1,565 |
Interest income exempt from federal income taxes | 270 | 307 | 834 | 945 |
Dividends | 126 | 38 | 197 | 147 |
Interest on deposits in banks | 2 | 3 | 4 | 18 |
Total interest and dividend income | 6,253 | 6,294 | 18,799 | 18,795 |
Interest Expense | ' | ' | ' | ' |
Interest on deposits | 241 | 269 | 730 | 883 |
Interest on federal funds purchased and securities sold under agreements to repurchase | 0 | 2 | 20 | 31 |
Interest on Federal Home Loan Bank advances | 159 | 276 | 476 | 819 |
Interest on trust preferred capital notes | 33 | 34 | 98 | 101 |
Interest on interest rate swap | 47 | 46 | 139 | 136 |
Total interest expense | 480 | 627 | 1,463 | 1,970 |
Net interest income | 5,773 | 5,667 | 17,336 | 16,825 |
Provision For Loan Losses | 0 | 0 | 0 | 767 |
Net interest income after provision for loan losses | 5,773 | 5,667 | 17,336 | 16,058 |
Noninterest Income | ' | ' | ' | ' |
Income from fiduciary activities | 212 | 296 | 873 | 929 |
Service charges on deposit accounts | 332 | 377 | 984 | 1,086 |
Other service charges and fees | 827 | 874 | 2,307 | 3,117 |
Gain on sale of securities | 87 | 0 | 93 | 400 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax | 87 | 0 | 93 | 400 |
Other operating income | 15 | 34 | 127 | 450 |
Total noninterest income | 1,473 | 1,581 | 4,384 | 5,982 |
Noninterest Expenses | ' | ' | ' | ' |
Salaries and employee benefits | 3,017 | 2,926 | 8,768 | 8,477 |
Occupancy expenses | 319 | 336 | 963 | 936 |
Equipment expenses | 197 | 151 | 546 | 497 |
Advertising and marketing expenses | 159 | 150 | 417 | 421 |
Stationery and supplies | 74 | 57 | 238 | 203 |
ATM network fees | 174 | 157 | 532 | 457 |
Other real estate owned expense | 4 | 2 | 14 | 30 |
Gains (Losses) on Sales of Other Real Estate | -14 | -111 | 3 | -58 |
FDIC assessment | 94 | 92 | 261 | 285 |
Computer software expense | 252 | 185 | 664 | 504 |
Bank franchise tax | 123 | 103 | 342 | 305 |
Professional fees | 290 | 265 | 761 | 790 |
Other operating expenses | 616 | 637 | 1,639 | 1,744 |
Total noninterest expenses | 5,333 | 5,172 | 15,142 | 14,707 |
Income before income taxes | 1,913 | 2,076 | 6,578 | 7,333 |
Income Tax Expense | 528 | 571 | 1,872 | 2,024 |
Net income | $1,385 | $1,505 | $4,706 | $5,309 |
Earnings Per Share | ' | ' | ' | ' |
Net income per common share, basic | $0.40 | $0.44 | $1.37 | $1.57 |
Net income per common share, diluted | $0.40 | $0.44 | $1.37 | $1.56 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $1,385 | $1,505 | $4,706 | $5,309 |
Other comprehensive income (loss): | ' | ' | ' | ' |
Unrealized gain (loss) on available for sale securities, net of deferred income taxes (benefit) | -76 | -235 | 1,143 | -2,743 |
Change in fair value of interest rate swap, net of deferred income taxes (benefit) | 41 | 1 | 79 | 109 |
Total other comprehensive income (loss) | -35 | -234 | 1,222 | -2,634 |
Total comprehensive income | $1,350 | $1,271 | $5,928 | $2,675 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Unrealized gain (loss) on available for sale securities, deferred income taxes | ($39) | ($120) | $588 | ($1,412) |
Change in fair value of interest rate swap, deferred income taxes | $22 | $0 | $41 | $56 |
Consolidated_Statements_Of_Cha
Consolidated Statements Of Changes In Shareholders' Equity (USD $) | Total | Common Stock [Member] | Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands | |||||
Balance at Dec. 31, 2012 | $63,706 | $8,340 | $10,424 | $41,494 | $3,448 |
Net income | 5,309 | ' | ' | 5,309 | ' |
Other comprehensive income (loss) | -2,634 | ' | ' | ' | -2,634 |
Restricted stock awards, stock incentive plan | ' | -24 | 24 | ' | ' |
Income tax benefit on vesting of restricted stock | 18 | ' | 18 | ' | ' |
Stock Issued During Period, Value, Stock Options Exercised | 69 | 10 | 59 | ' | ' |
Stock-based compensation expense | 218 | ' | 218 | ' | ' |
Issuance of common stock, dividend investment plan | 494 | 56 | 438 | ' | ' |
Issuance of common stock, employee benefit plan | 161 | 19 | 142 | ' | ' |
Dividends declared | -1,924 | ' | ' | -1,924 | ' |
Balance at Sep. 30, 2013 | 65,417 | 8,449 | 11,275 | 44,879 | 814 |
Balance at Dec. 31, 2013 | 66,406 | 8,482 | 11,537 | 46,082 | 305 |
Net income | 4,706 | ' | ' | 4,706 | ' |
Other comprehensive income (loss) | 1,222 | ' | ' | ' | 1,222 |
Restricted stock awards, stock incentive plan | ' | -25 | 25 | ' | ' |
Income tax benefit on vesting of restricted stock | 11 | ' | 11 | ' | ' |
Stock Issued During Period, Value, Stock Options Exercised | 0 | 2 | -2 | ' | ' |
Stock-based compensation expense | 173 | ' | 173 | ' | ' |
Issuance of common stock, dividend investment plan | 515 | 59 | 456 | ' | ' |
Issuance of common stock, employee benefit plan | 182 | 20 | 162 | ' | ' |
Dividends declared | -1,954 | ' | ' | -1,954 | ' |
Balance at Sep. 30, 2014 | $71,261 | $8,588 | $12,312 | $48,834 | $1,527 |
Consolidated_Statements_Of_Cha1
Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Statement of Stockholders' Equity [Abstract] | ' | ' |
Issuance of restricted stock, stock incentive plan, shares | 10,009 | 9,699 |
Stock options exercised, shares | 927 | 3,872 |
Issuance of common stock, dividend investment plan, shares | 23,473 | 22,346 |
Issuance of common stock, employee benefit plan | 7,995 | 7,721 |
Dividends declared, per share | $0.57 | $0.57 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Cash Flows from Operating Activities | ' | ' |
Net income | $4,706 | $5,309 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation | 587 | 593 |
Amortization of intangible and other assets | 117 | 113 |
Provision for loan losses | 0 | 767 |
Gains (Losses) on Sales of Other Real Estate | -3 | 58 |
Loss on the sale and disposal of assets | 5 | 2 |
(Gain) on the sale of securities | -93 | -400 |
Accrual of restricted stock awards | 173 | 218 |
Premium amortization on securities, net | 88 | 108 |
Deferred tax benefit | 0 | 876 |
Changes in assets and liabilities: | ' | ' |
Decrease (increase) in other assets | -812 | -1,900 |
(Decrease) increase in other liabilities | -262 | 1,256 |
Net cash provided by operating activities | 4,506 | 7,000 |
Cash Flows from Investing Activities | ' | ' |
Proceeds from maturities and principal payments of securities available for sale | 9,264 | 16,751 |
Proceeds from the sale of securities available for sale | 1,129 | 2,756 |
Purchases of securities available for sale | -5,081 | -22,727 |
Proceeds from the sale of restricted securities | 284 | 136 |
Purchases of restricted investments | -450 | ' |
Purchases of bank premises and equipment | -2,272 | -1,290 |
Proceeds from Sale of Other Real Estate | 685 | 726 |
Proceeds from the sale of repossessed assets | 26 | 11 |
Net (increase) in loans | -21,039 | -20,593 |
Net cash (used in) investing activities | -17,454 | -24,230 |
Cash Flows from Financing Activities | ' | ' |
Net increase in demand deposits, money market and savings accounts | 12,250 | 7,617 |
Net (decrease) in certificates of deposit | -4,700 | -10,191 |
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase | 0 | -10,000 |
Net increase in Federal Home Loan Bank advances | 7,750 | 0 |
Issuance of common stock, employee benefit plan | 182 | 161 |
Stock options exercised | 0 | 69 |
Cash dividends paid | -1,439 | -1,430 |
Net cash provided by (used in) financing activities | 14,043 | -13,774 |
Increase (decrease) in cash and cash equivalents | 1,095 | -31,004 |
Cash and Cash Equivalents | ' | ' |
Beginning | 14,243 | 48,690 |
Ending | 15,338 | 17,686 |
Supplemental Disclosures of Cash Flow Information | ' | ' |
Interest | 1,474 | 2,055 |
Income taxes | 1,985 | 2,097 |
Supplemental Schedule of Noncash Investing and Financing Activities: | ' | ' |
Unrealized gain (loss) on securities available for sale | 1,731 | -4,155 |
Change in fair value of interest rate swap | 120 | 165 |
Other real estate acquired in settlement of loans | 680 | 0 |
Issuance of common stock, dividend investment plan | $515 | $494 |
General
General | 9 Months Ended |
Sep. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
General | ' |
NOTE 1. General | |
The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America. | |
In the opinion of management, the accompanying financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position at September 30, 2014 and December 31, 2013, the results of operations for the three and nine months ended September 30, 2014 and 2013, and cash flows for the nine months ended September 30, 2014 and 2013. The results of operations for the three and nine months ended September 30, 2014 are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Form 10-K”). | |
The Company owns 100% of Bank of Clarke County (the “Bank”) and Eagle Financial Statutory Trust II. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions between the Company and the Bank have been eliminated. The subordinated debt of Eagle Financial Statutory Trust II is reflected as a liability of the Company. | |
Certain amounts in the consolidated financial statements have been reclassified to conform to current year presentations. |
StockBased_Compensation_Plan
Stock-Based Compensation Plan | 9 Months Ended | |||||||||||||
Sep. 30, 2014 | ||||||||||||||
Share-based Compensation [Abstract] | ' | |||||||||||||
Stock-Based Compensation Plan | ' | |||||||||||||
NOTE 2. Stock-Based Compensation Plan | ||||||||||||||
During 2014, the Company’s shareholders approved a stock incentive plan which allows key employees and directors to increase their personal financial interest in the Company. This plan permits the issuance of incentive stock options and non-qualified stock options and the award of stock appreciation rights, common stock, restricted stock, and phantom stock. The plan authorizes the issuance of up to 500,000 shares of common stock. | ||||||||||||||
The Company periodically grants Restricted Stock to its directors and executive officers. Restricted Stock provides grantees with rights to shares of common stock upon completion of a service period or achievement of Company performance measures. During the restriction period, all shares are considered outstanding and dividends are paid to the grantee. In general, outside directors are periodically granted restricted shares which vest over a period of less than 9 months. Beginning during 2006, executive officers were granted restricted shares which vest over a 3 year service period and restricted shares which vest based on meeting annual performance measures. The Company recognizes compensation expense over the restricted period. | ||||||||||||||
The following table presents Restricted Stock activity for the nine months ended September 30, 2014 and 2013: | ||||||||||||||
Nine Months Ended | ||||||||||||||
September 30, | ||||||||||||||
2014 | 2013 | |||||||||||||
Shares | Weighted | Shares | Weighted | |||||||||||
Average | Average | |||||||||||||
Grant Date | Grant Date | |||||||||||||
Fair Value | Fair Value | |||||||||||||
Nonvested, beginning of period | 17,050 | $ | 19.92 | 16,500 | $ | 16.53 | ||||||||
Granted | 14,900 | 23.5 | 14,900 | 22.06 | ||||||||||
Vested | (10,009 | ) | 19.65 | (9,699 | ) | 16.47 | ||||||||
Forfeited | (2,790 | ) | 22.11 | (651 | ) | 16.75 | ||||||||
Nonvested, end of period | 19,151 | $ | 22.53 | 21,050 | $ | 20.46 | ||||||||
Earnings_Per_Common_Share
Earnings Per Common Share | 9 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Earnings Per Common Share | ' | |||||||||||
NOTE 3. Earnings Per Common Share | ||||||||||||
Basic earnings per share represents income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. The number of potential common shares is determined using the treasury method and relates to outstanding stock options and unvested restricted stock grants. | ||||||||||||
The following table shows the weighted average number of shares used in computing earnings per share for the three and nine months ended September 30, 2014 and 2013 and the effect on the weighted average number of shares of dilutive potential common stock. Potential dilutive common stock had no effect on income available to common shareholders. | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
September 30, | September 30, | |||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||
Average number of common shares outstanding | 3,451,041 | 3,393,519 | 3,431,356 | 3,380,149 | ||||||||
Effect of dilutive common stock | 9,145 | 12,685 | 8,121 | 11,158 | ||||||||
Average number of common shares outstanding used to calculate diluted earnings per share | 3,460,186 | 3,406,204 | 3,439,477 | 3,391,307 | ||||||||
Securities
Securities | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||||||||||
Securities | ' | |||||||||||||||||||||||
NOTE 4. Securities | ||||||||||||||||||||||||
Amortized costs and fair values of securities available for sale at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
Gains | (Losses) | |||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 36,912 | $ | 517 | $ | (657 | ) | $ | 36,772 | |||||||||||||||
Mortgage-backed securities | 12,802 | 480 | (22 | ) | 13,260 | |||||||||||||||||||
Obligations of states and political subdivisions | 39,465 | 1,435 | (90 | ) | 40,810 | |||||||||||||||||||
Corporate securities | 6,237 | 782 | — | 7,019 | ||||||||||||||||||||
Equity securities | 1,044 | 117 | — | 1,161 | ||||||||||||||||||||
$ | 96,460 | $ | 3,331 | $ | (769 | ) | $ | 99,022 | ||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 35,890 | $ | 439 | $ | (1,585 | ) | $ | 34,744 | |||||||||||||||
Mortgage-backed securities | 14,896 | 422 | (121 | ) | 15,197 | |||||||||||||||||||
Obligations of states and political subdivisions | 42,442 | 969 | (295 | ) | 43,116 | |||||||||||||||||||
Corporate securities | 7,495 | 928 | — | 8,423 | ||||||||||||||||||||
Equity securities | 1,044 | 74 | — | 1,118 | ||||||||||||||||||||
$ | 101,767 | $ | 2,832 | $ | (2,001 | ) | $ | 102,598 | ||||||||||||||||
During the nine months ended September 30, 2014, the Company sold $1.1 million in available for sale securities for a net gain of $93 thousand. During the nine months ended September 30, 2013, the Company sold $2.8 million in available for sale securities for a net gain of $400 thousand. | ||||||||||||||||||||||||
The fair value and gross unrealized losses for securities available for sale, totaled by the length of time that individual securities have been in a continuous gross unrealized loss position, at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Fair Value | Gross | Fair Value | Gross | Fair Value | Gross | |||||||||||||||||||
Unrealized | Unrealized | Unrealized | ||||||||||||||||||||||
Losses | Losses | Losses | ||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 3,982 | $ | 22 | $ | 22,253 | $ | 635 | $ | 26,235 | $ | 657 | ||||||||||||
Mortgage-backed securities | — | — | 1,521 | 22 | 1,521 | 22 | ||||||||||||||||||
Obligations of states and political subdivisions | 249 | 1 | 3,438 | 89 | 3,687 | 90 | ||||||||||||||||||
Corporate securities | — | — | — | — | — | — | ||||||||||||||||||
Equity securities | — | — | — | — | — | — | ||||||||||||||||||
$ | 4,231 | $ | 23 | $ | 27,212 | $ | 746 | $ | 31,443 | $ | 769 | |||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 23,235 | $ | 1,551 | $ | 1,967 | $ | 34 | $ | 25,202 | $ | 1,585 | ||||||||||||
Mortgage-backed securities | 2,828 | 121 | — | — | 2,828 | 121 | ||||||||||||||||||
Obligations of states and political subdivisions | 8,439 | 252 | 466 | 43 | 8,905 | 295 | ||||||||||||||||||
Corporate securities | — | — | — | — | — | — | ||||||||||||||||||
Equity securities | — | — | — | — | — | — | ||||||||||||||||||
$ | 34,502 | $ | 1,924 | $ | 2,433 | $ | 77 | $ | 36,935 | $ | 2,001 | |||||||||||||
Gross unrealized losses on available for sale securities included thirty-seven (37) and fifty-one (51) debt securities at September 30, 2014 and December 31, 2013, respectively. The Company evaluates securities for other-than-temporary impairment on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. The Company’s mortgage-backed securities are issued by U.S. government agencies, which guarantee payments to investors regardless of the status of the underlying mortgages. Consideration is given to the length of time and the amount of an unrealized loss, the financial condition of the issuer, and the intent and ability of the Company to retain its investment in the issuer long enough to allow for an anticipated recovery in fair value. The fair value of a security reflects its liquidity as compared to similar instruments, current market rates on similar instruments, and the creditworthiness of the issuer. Absent any change in the liquidity of a security or the creditworthiness of the issuer, prices will decline as market rates rise and vice-versa. The primary cause of the unrealized losses at September 30, 2014 and December 31, 2013 was changes in market interest rates. Since the losses can be primarily attributed to changes in market interest rates and not expected cash flows or an issuer’s financial condition, the unrealized losses are deemed to be temporary. The continuing economic downturn involving housing, liquidity and credit were also a contributing factor to the unrealized losses on these securities at September 30, 2014 and December 31, 2013. The Company monitors the financial condition of these issuers continuously and will record other-than-temporary impairment if the recovery of value is unlikely. | ||||||||||||||||||||||||
The Company’s securities are exposed to various risks, such as interest rate, market, currency and credit risks. Due to the level of risk associated with certain securities and the level of uncertainty related to changes in the value of securities, it is at least reasonably possible that changes in risks in the near term would materially affect securities reported in the financial statements. In addition, recent economic uncertainty and market events have led to unprecedented volatility in currency, commodity, credit and equity markets culminating in failures of some banking and financial services firms and government intervention to solidify others. These events underscore the level of investment risk associated with the current economic environment, and accordingly the level of risk in the Company’s securities. | ||||||||||||||||||||||||
Securities having a carrying value of $3.6 million at September 30, 2014 were pledged to secure securities sold under agreements to repurchase and other purposes required by law. | ||||||||||||||||||||||||
The composition of restricted investments at September 30, 2014 and December 31, 2013 was as follows: | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Federal Reserve Bank Stock | $ | 344 | $ | 344 | ||||||||||||||||||||
Federal Home Loan Bank Stock | 1,874 | 1,708 | ||||||||||||||||||||||
Community Bankers’ Bank Stock | 140 | 140 | ||||||||||||||||||||||
$ | 2,358 | $ | 2,192 | |||||||||||||||||||||
Allowance_For_Loan_Losses
Allowance For Loan Losses | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | ' | |||||||||||||||||||||||||||||||
Allowance For Loan Losses | ' | |||||||||||||||||||||||||||||||
NOTE 5. Allowance for Loan Losses | ||||||||||||||||||||||||||||||||
Changes in the allowance for loan losses for the nine months ended September 30, 2014 and 2013 and the year ended December 31, 2013 were as follows: | ||||||||||||||||||||||||||||||||
Nine Months Ended | Year Ended | Nine Months Ended | ||||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | ||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Balance, beginning | $ | 5,488 | $ | 6,577 | $ | 6,577 | ||||||||||||||||||||||||||
Provision charged to operating expense | — | — | 767 | |||||||||||||||||||||||||||||
Recoveries added to the allowance | 614 | 233 | 204 | |||||||||||||||||||||||||||||
Loan losses charged to the allowance | (515 | ) | (1,322 | ) | (830 | ) | ||||||||||||||||||||||||||
Balance, ending | $ | 5,587 | $ | 5,488 | $ | 6,718 | ||||||||||||||||||||||||||
Nonaccrual and past due loans by class at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
30 - 59 | 60 - 89 | 90 or More | Total Past | Current | Total Loans | 90 or More | Nonaccrual | |||||||||||||||||||||||||
Days | Days | Days | Due | Days Past | Loans | |||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due Still Accruing | |||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 43 | $ | 1,053 | $ | 100 | $ | 1,196 | $ | 28,512 | $ | 29,708 | $ | — | $ | 1,736 | ||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 3,276 | 739 | 608 | 4,623 | 95,127 | 99,750 | — | 2,485 | ||||||||||||||||||||||||
Non-owner occupied | 631 | — | 813 | 1,444 | 57,290 | 58,734 | — | 1,243 | ||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | 5,837 | 5,837 | — | — | ||||||||||||||||||||||||
Commercial | 424 | 16 | 80 | 520 | 32,256 | 32,776 | 16 | 462 | ||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||
Installment | 60 | 2 | — | 62 | 13,234 | 13,296 | — | — | ||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity Lines | 63 | 121 | 179 | 363 | 30,570 | 30,933 | — | 329 | ||||||||||||||||||||||||
Single family | 1,526 | 348 | 345 | 2,219 | 186,463 | 188,682 | 2,373 | |||||||||||||||||||||||||
Multifamily | — | — | — | — | 3,050 | 3,050 | — | — | ||||||||||||||||||||||||
All Other Loans | — | — | — | — | 2,302 | 2,302 | — | — | ||||||||||||||||||||||||
Total | $ | 6,023 | $ | 2,279 | $ | 2,125 | $ | 10,427 | $ | 454,641 | $ | 465,068 | $ | 16 | $ | 8,628 | ||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
30 - 59 | 60 - 89 | 90 or More | Total Past | Current | Total Loans | 90 or More | Nonaccrual | |||||||||||||||||||||||||
Days | Days | Days | Due | Past Due | Loans | |||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Still | |||||||||||||||||||||||||||||
Accruing | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 143 | $ | — | $ | 1,162 | $ | 1,305 | $ | 19,560 | $ | 20,865 | $ | — | $ | 1,288 | ||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 364 | — | 1,270 | 1,634 | 90,811 | 92,445 | — | 1,269 | ||||||||||||||||||||||||
Non-owner occupied | 99 | 185 | — | 284 | 55,437 | 55,721 | — | 185 | ||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | 7,860 | 7,860 | — | — | ||||||||||||||||||||||||
Commercial | — | — | — | — | 29,073 | 29,073 | — | 157 | ||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||
Installment | 95 | 9 | 11 | 115 | 13,670 | 13,785 | 11 | 6 | ||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity Lines | 202 | 25 | — | 227 | 31,997 | 32,224 | — | 179 | ||||||||||||||||||||||||
Single family | 1,995 | 180 | 693 | 2,868 | 183,541 | 186,409 | — | 1,328 | ||||||||||||||||||||||||
Multifamily | — | — | — | — | 2,850 | 2,850 | — | — | ||||||||||||||||||||||||
All Other Loans | — | — | — | — | 3,041 | 3,041 | — | — | ||||||||||||||||||||||||
Total | $ | 2,898 | $ | 399 | $ | 3,136 | $ | 6,433 | $ | 437,840 | $ | 444,273 | $ | 11 | $ | 4,412 | ||||||||||||||||
Allowance for loan losses by segment at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||||||||||||||
As of and for the Nine Months Ended | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Commercial | Consumer | All Other | Unallocated | Total | |||||||||||||||||||||||||
and Farmland | Real Estate | Real Estate | Loans | |||||||||||||||||||||||||||||
Allowance for credit losses: | ||||||||||||||||||||||||||||||||
Beginning Balance | $ | 1,032 | $ | 2,225 | $ | 1,337 | $ | 555 | $ | 102 | $ | 82 | $ | 155 | $ | 5,488 | ||||||||||||||||
Charge-Offs | — | (435 | ) | — | — | (65 | ) | (15 | ) | — | (515 | ) | ||||||||||||||||||||
Recoveries | 4 | 9 | 379 | 148 | 71 | 3 | — | 614 | ||||||||||||||||||||||||
Provision | (143 | ) | 76 | (312 | ) | 200 | (2 | ) | (27 | ) | 208 | — | ||||||||||||||||||||
Ending balance | $ | 893 | $ | 1,875 | $ | 1,404 | $ | 903 | $ | 106 | $ | 43 | $ | 363 | $ | 5,587 | ||||||||||||||||
Ending balance: Individually evaluated for impairment | $ | 63 | $ | 243 | $ | 280 | $ | 414 | $ | — | $ | — | $ | — | $ | 1,000 | ||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 830 | $ | 1,632 | $ | 1,124 | $ | 489 | $ | 106 | $ | 43 | $ | 363 | $ | 4,587 | ||||||||||||||||
Financing receivables: | ||||||||||||||||||||||||||||||||
Ending balance | $ | 38,613 | $ | 222,665 | $ | 158,484 | $ | 29,708 | $ | 13,296 | $ | 2,302 | $ | — | $ | 465,068 | ||||||||||||||||
Ending balance individually evaluated for impairment | $ | 2,828 | $ | 3,648 | $ | 4,417 | $ | 1,736 | $ | — | $ | — | $ | — | $ | 12,629 | ||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 35,785 | $ | 219,017 | $ | 154,067 | $ | 27,972 | $ | 13,296 | $ | 2,302 | $ | — | $ | 452,439 | ||||||||||||||||
As of and for the Twelve Months Ended | ||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Commercial | Consumer | All Other | Unallocated | Total | |||||||||||||||||||||||||
and Farmland | Real Estate | Real Estate | Loans | |||||||||||||||||||||||||||||
Allowance for credit losses: | ||||||||||||||||||||||||||||||||
Beginning Balance | $ | 1,280 | $ | 2,820 | $ | 1,182 | $ | 880 | $ | 107 | $ | 122 | $ | 186 | $ | 6,577 | ||||||||||||||||
Charge-Offs | (20 | ) | (507 | ) | (289 | ) | (403 | ) | (85 | ) | (18 | ) | — | (1,322 | ) | |||||||||||||||||
Recoveries | 5 | 109 | 7 | 47 | 54 | 11 | — | 233 | ||||||||||||||||||||||||
Provision | (233 | ) | (197 | ) | 437 | 31 | 26 | (33 | ) | (31 | ) | — | ||||||||||||||||||||
Ending balance | $ | 1,032 | $ | 2,225 | $ | 1,337 | $ | 555 | $ | 102 | $ | 82 | $ | 155 | $ | 5,488 | ||||||||||||||||
Ending balance: Individually evaluated for impairment | $ | 218 | $ | 627 | $ | 299 | $ | 334 | $ | — | $ | — | $ | — | $ | 1,478 | ||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 814 | $ | 1,598 | $ | 1,038 | $ | 221 | $ | 102 | $ | 82 | $ | 155 | $ | 4,010 | ||||||||||||||||
Financing receivables: | ||||||||||||||||||||||||||||||||
Ending balance | $ | 36,933 | $ | 221,483 | $ | 148,166 | $ | 20,865 | $ | 13,785 | $ | 3,041 | $ | — | $ | 444,273 | ||||||||||||||||
Ending balance individually evaluated for impairment | $ | 2,674 | $ | 4,922 | $ | 4,750 | $ | 1,347 | $ | — | $ | 6 | $ | — | $ | 13,699 | ||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 34,259 | $ | 216,561 | $ | 143,416 | $ | 19,518 | $ | 13,785 | $ | 3,035 | $ | — | $ | 430,574 | ||||||||||||||||
Impaired loans by class at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||||||||||||||
As of | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Unpaid | Recorded | Related | Average | Interest | ||||||||||||||||||||||||||||
Principal | Investment | Allowance | Recorded | Income | ||||||||||||||||||||||||||||
Balance | Investment | Recognized | ||||||||||||||||||||||||||||||
With no related allowance: | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 480 | $ | 481 | $ | — | $ | 520 | $ | 6 | ||||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 2,237 | 2,237 | — | 2,558 | 31 | |||||||||||||||||||||||||||
Non-owner occupied | 858 | 859 | — | 1,083 | 31 | |||||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial | 2,472 | 2,483 | — | 2,505 | 74 | |||||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity lines | 140 | 140 | — | 312 | 1 | |||||||||||||||||||||||||||
Single family | 2,701 | 2,702 | — | 4,320 | 82 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | |||||||||||||||||||||||||||
Other Loans | — | — | — | — | — | |||||||||||||||||||||||||||
$ | 8,888 | $ | 8,902 | $ | — | $ | 11,298 | $ | 225 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 1,256 | $ | 1,256 | $ | 414 | $ | 1,550 | $ | 3 | ||||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 461 | 461 | 34 | 462 | 11 | |||||||||||||||||||||||||||
Non-owner occupied | 861 | 861 | 246 | 880 | 9 | |||||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial | 356 | 356 | 63 | 395 | 3 | |||||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity lines | 189 | 189 | 113 | 338 | 2 | |||||||||||||||||||||||||||
Single family | 618 | 620 | 130 | 630 | 18 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | |||||||||||||||||||||||||||
Other Loans | — | — | — | — | — | |||||||||||||||||||||||||||
$ | 3,741 | $ | 3,743 | $ | 1,000 | $ | 4,255 | $ | 46 | |||||||||||||||||||||||
Total: | ||||||||||||||||||||||||||||||||
Commercial | $ | 1,736 | $ | 1,737 | $ | 414 | $ | 2,070 | $ | 9 | ||||||||||||||||||||||
Commercial Real Estate | 4,417 | 4,418 | 280 | 4,983 | 82 | |||||||||||||||||||||||||||
Construction and Farmland | 2,828 | 2,839 | 63 | 2,900 | 77 | |||||||||||||||||||||||||||
Residential | 3,648 | 3,651 | 243 | 5,600 | 103 | |||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||
Total | $ | 12,629 | $ | 12,645 | $ | 1,000 | $ | 15,553 | $ | 271 | ||||||||||||||||||||||
The average recorded investment of impaired loans for the three months ended September 30, 2014 was $15.3 million. The interest income recognized on impaired loans for the three months ended September 30, 2014 was $83 thousand. | ||||||||||||||||||||||||||||||||
As of | ||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Unpaid | Recorded | Related | Average | Interest | ||||||||||||||||||||||||||||
Principal | Investment | Allowance | Recorded | Income | ||||||||||||||||||||||||||||
Balance | Investment | Recognized | ||||||||||||||||||||||||||||||
With no related allowance: | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 126 | $ | 145 | $ | — | $ | 329 | $ | 8 | ||||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 2,246 | 2,273 | — | 2,512 | 118 | |||||||||||||||||||||||||||
Non-owner occupied | 1,396 | 1,398 | — | 1,498 | 91 | |||||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial | 2,392 | 2,401 | — | 2,420 | 97 | |||||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity lines | 289 | 290 | — | 460 | 16 | |||||||||||||||||||||||||||
Single family | 3,060 | 3,100 | — | 3,531 | 146 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | |||||||||||||||||||||||||||
Other Loans | 6 | 6 | — | 7 | 1 | |||||||||||||||||||||||||||
$ | 9,515 | $ | 9,613 | $ | — | $ | 10,757 | $ | 477 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 1,221 | $ | 1,221 | $ | 334 | $ | 1,271 | $ | 59 | ||||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | — | — | — | — | — | |||||||||||||||||||||||||||
Non-owner occupied | 1,108 | 1,111 | 299 | 1,126 | 49 | |||||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial | 282 | 283 | 218 | 308 | 18 | |||||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity lines | 74 | 74 | 74 | 217 | 7 | |||||||||||||||||||||||||||
Single family | 1,499 | 1,508 | 553 | 1,530 | 71 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | |||||||||||||||||||||||||||
Other Loans | — | — | — | — | — | |||||||||||||||||||||||||||
$ | 4,184 | $ | 4,197 | $ | 1,478 | $ | 4,452 | $ | 204 | |||||||||||||||||||||||
Total: | ||||||||||||||||||||||||||||||||
Commercial | $ | 1,347 | $ | 1,366 | $ | 334 | $ | 1,600 | $ | 67 | ||||||||||||||||||||||
Commercial Real Estate | 4,750 | 4,782 | 299 | 5,136 | 258 | |||||||||||||||||||||||||||
Construction and Farmland | 2,674 | 2,684 | 218 | 2,728 | 115 | |||||||||||||||||||||||||||
Residential | 4,922 | 4,972 | 627 | 5,738 | 240 | |||||||||||||||||||||||||||
Other | 6 | 6 | — | 7 | 1 | |||||||||||||||||||||||||||
Total | $ | 13,699 | $ | 13,810 | $ | 1,478 | $ | 15,209 | $ | 681 | ||||||||||||||||||||||
The Company uses a rating system for evaluating the risks associated with non-consumer loans. Consumer loans are not evaluated for risk unless the characteristics of the loan fall within classified categories. Descriptions of these ratings are as follows: | ||||||||||||||||||||||||||||||||
Pass | Pass loans exhibit acceptable operating trends, balance sheet trends, and liquidity. Sufficient cash flow exists to service the loan. All obligations have been paid by the borrower in an as agreed manner. | |||||||||||||||||||||||||||||||
Watch | Watch loans exhibit income volatility, negative operating trends, and a highly leveraged balance sheet. A higher level of supervision is required for these loans as the potential for a negative event could impact the borrower’s ability to repay the loan. | |||||||||||||||||||||||||||||||
Special mention | Special mention loans exhibit a potential weakness, which if left uncorrected, may negatively affect the borrower’s ability to repay its debt obligation. The risk of default is not imminent and the borrower still demonstrates sufficient cash flow to support the loan. | |||||||||||||||||||||||||||||||
Substandard | Substandard loans exhibit well defined weaknesses and have a potential of default. The borrowers exhibit adverse financial trends but still have the ability to service debt obligations. | |||||||||||||||||||||||||||||||
Doubtful | Doubtful loans exhibit all of the characteristics inherent in substandard loans but the weaknesses make collection or full liquidation highly questionable. | |||||||||||||||||||||||||||||||
Loss | Loss loans are considered uncollectible and of such little value that its continuance as a bankable asset is not warranted. | |||||||||||||||||||||||||||||||
Credit quality information by class at September 30, 2014 and December 31, 2013 was as follows: | ||||||||||||||||||||||||||||||||
As of | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
INTERNAL RISK RATING GRADES | Pass | Watch | Special | Substandard | Doubtful | Loss | Total | |||||||||||||||||||||||||
Mention | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 25,375 | $ | 2,284 | $ | 22 | $ | 772 | $ | 1,255 | $ | — | $ | 29,708 | ||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 76,373 | 17,682 | 834 | 3,678 | 1,183 | — | 99,750 | |||||||||||||||||||||||||
Non-owner occupied | 39,631 | 12,895 | 2,911 | 3,248 | 49 | — | 58,734 | |||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | 5,715 | 122 | — | — | — | — | 5,837 | |||||||||||||||||||||||||
Commercial | 26,037 | 3,501 | 871 | 2,287 | 80 | — | 32,776 | |||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity Lines | 29,426 | 1,207 | — | 150 | 150 | — | 30,933 | |||||||||||||||||||||||||
Single family | 162,760 | 15,314 | 5,702 | 4,330 | 576 | — | 188,682 | |||||||||||||||||||||||||
Multifamily | 2,166 | 884 | — | — | — | — | 3,050 | |||||||||||||||||||||||||
All other loans | 2,302 | — | — | — | — | — | 2,302 | |||||||||||||||||||||||||
Total | $ | 369,785 | $ | 53,889 | $ | 10,340 | $ | 14,465 | $ | 3,293 | $ | — | $ | 451,772 | ||||||||||||||||||
Performing | Nonperforming | |||||||||||||||||||||||||||||||
Consumer Credit Exposure by Payment Activity | $ | 13,234 | $ | 62 | ||||||||||||||||||||||||||||
As of | ||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
INTERNAL RISK RATING GRADES | Pass | Watch | Special | Substandard | Doubtful | Loss | Total | |||||||||||||||||||||||||
Mention | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 16,565 | $ | 2,820 | $ | 86 | $ | 106 | $ | 1,288 | $ | — | $ | 20,865 | ||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 73,998 | 12,036 | 3,322 | 1,820 | 1,269 | — | 92,445 | |||||||||||||||||||||||||
Non-owner occupied | 31,484 | 14,922 | 5,557 | 3,758 | — | — | 55,721 | |||||||||||||||||||||||||
Construction and Farm land: | ||||||||||||||||||||||||||||||||
Residential | 7,738 | 122 | — | — | — | — | 7,860 | |||||||||||||||||||||||||
Commercial | 24,252 | 1,353 | 1,196 | 2,186 | 86 | — | 29,073 | |||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity Lines | 30,458 | 708 | 415 | 480 | 163 | — | 32,224 | |||||||||||||||||||||||||
Single family | 157,273 | 11,505 | 11,046 | 5,775 | 810 | — | 186,409 | |||||||||||||||||||||||||
Multifamily | 1,946 | 904 | — | — | — | — | 2,850 | |||||||||||||||||||||||||
All other loans | 3,041 | — | — | — | — | — | 3,041 | |||||||||||||||||||||||||
Total | $ | 346,755 | $ | 44,370 | $ | 21,622 | $ | 14,125 | $ | 3,616 | $ | — | $ | 430,488 | ||||||||||||||||||
Performing | Nonperforming | |||||||||||||||||||||||||||||||
Consumer Credit Exposure by Payment Activity | $ | 13,670 | $ | 115 | ||||||||||||||||||||||||||||
Troubled_Debt_Restructurings
Troubled Debt Restructurings | 9 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Troubled Debt Restructuring Note, Debtor [Abstract] | ' | ||||||||||
Troubled Debt Restructurings | ' | ||||||||||
NOTE 6. Troubled Debt Restructurings | |||||||||||
All loans deemed a troubled debt restructuring, or “TDR”, are considered impaired, and are evaluated for collateral and cash-flow sufficiency. A loan is considered a TDR when the Company, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower that the Company would not otherwise consider. All of the following factors are indicators that the Bank has granted a concession (one or multiple items may be present): | |||||||||||
• | The borrower receives a reduction of the stated interest rate to a rate less than the institution is willing to accept at the time of the restructure for a new loan with comparable risk. | ||||||||||
• | The borrower receives an extension of the maturity date or dates at a stated interest rate lower than the current market interest rate for new debt with similar risk characteristics. | ||||||||||
• | The borrower receives a reduction of the face amount or maturity amount of the debt as stated in the instrument or other agreement. | ||||||||||
• | The borrower receives a deferral of required payments (principal and/or interest). | ||||||||||
• | The borrower receives a reduction of the accrued interest. | ||||||||||
There were seventeen (17) troubled debt restructured loans totaling $5.5 million at September 30, 2014. At December 31, 2013, there were twenty (20) troubled debt restructured loans totaling $6.4 million. Eight loans, totaling $1.5 million, were in nonaccrual status at September 30, 2014. Five loans, totaling $1.0 million, were in nonaccrual status at December 31, 2013. There were no outstanding commitments to lend additional amounts to troubled debt restructured borrowers at September 30, 2014. | |||||||||||
The following tables and narrative set forth information on the Company’s troubled debt restructurings by class of financing receivable occurring during the three and nine months ended September 30, 2014 and September 30, 2013: | |||||||||||
Three Months Ended | |||||||||||
30-Sep-14 | |||||||||||
(in thousands) | |||||||||||
Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||
Contracts | |||||||||||
Commercial - Non Real Estate: | |||||||||||
Commercial & Industrial | 1 | $ | 289 | $ | 289 | ||||||
Residential: | |||||||||||
Equity | 1 | 69 | 69 | ||||||||
Single family | 1 | 652 | 350 | ||||||||
3 | $ | 1,010 | $ | 708 | |||||||
Three Months Ended | |||||||||||
30-Sep-13 | |||||||||||
(in thousands) | |||||||||||
Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||
Contracts | |||||||||||
Commercial Real Estate: | |||||||||||
Owner Occupied | 1 | $ | 514 | $ | 368 | ||||||
Construction and Farmland: | |||||||||||
Commercial | 1 | 87 | 87 | ||||||||
Residential: | |||||||||||
Single family | 5 | 1,197 | 1,197 | ||||||||
7 | $ | 1,798 | $ | 1,652 | |||||||
Nine Months Ended | |||||||||||
30-Sep-14 | |||||||||||
(in thousands) | |||||||||||
Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||
Contracts | |||||||||||
Commercial - Non Real Estate: | |||||||||||
Commercial & Industrial | 1 | $ | 289 | $ | 289 | ||||||
Residential: | |||||||||||
Equity | 1 | 69 | 69 | ||||||||
Single family | 1 | 652 | 350 | ||||||||
Total | 3 | $ | 1,010 | $ | 708 | ||||||
Nine Months Ended | |||||||||||
30-Sep-13 | |||||||||||
(in thousands) | |||||||||||
Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||
Contracts | |||||||||||
Commercial Real Estate: | |||||||||||
Owner Occupied | 1 | $ | 514 | $ | 368 | ||||||
Construction and Farmland: | |||||||||||
Commercial | 1 | 87 | 87 | ||||||||
Residential: | |||||||||||
Equity | 1 | 184 | 184 | ||||||||
Single family | 5 | 1,197 | 1,197 | ||||||||
Total | 8 | $ | 1,982 | $ | 1,836 | ||||||
During the three and nine months ended September 30, 2014, the Company restructured three loans by granting concessions to borrowers experiencing financial difficulties. One commercial and industrial loan and one residential single family loan was modified by reducing the monthly payments. One residential equity loan was modified by changing payments to interest only for a period of time. | |||||||||||
During the three months ended September 30, 2013, the Company restructured seven loans by granting concessions to borrowers experiencing financial difficulties. One owner occupied commercial real estate loan was modified by restructuring the loan and granting a lower interest rate. One commercial construction and farmland loan was modified by granting a lower interest rate. Four single family residential loans were modified by changing the amortization period and granting a lower interest rate. One single family residential loan was modified by changing the amortization period. During the nine months ended September 30, 2013, the Company restructured eight loans by granting concessions to borrowers experiencing financial difficulties. In addition to those restructured during the third quarter, one residential loan was modified by changing payments to interest-only in order to reduce the monthly payment for a period of time. | |||||||||||
Loans by class of financing receivable modified as TDRs within the previous 12 months and for which there was a payment default during the stated periods were: | |||||||||||
Three Months Ended | |||||||||||
30-Sep-14 | |||||||||||
(in thousands) | |||||||||||
Number of | Recorded | ||||||||||
Contracts | Investment | ||||||||||
Construction and Farmland: | |||||||||||
Commercial | 2 | $ | 1,608 | ||||||||
Total | 2 | $ | 1,608 | ||||||||
Three Months Ended | |||||||||||
30-Sep-13 | |||||||||||
(in thousands) | |||||||||||
Number of | Recorded | ||||||||||
Contracts | Investment | ||||||||||
Commercial Real Estate: | |||||||||||
Owner occupied | 2 | $ | 495 | ||||||||
Non-owner occupied | 1 | 557 | |||||||||
Residential: | |||||||||||
Single Family | 4 | 946 | |||||||||
Total | 7 | $ | 1,998 | ||||||||
Nine Months Ended | |||||||||||
30-Sep-14 | |||||||||||
(in thousands) | |||||||||||
Number of | Recorded | ||||||||||
Contracts | Investment | ||||||||||
Construction and Farmland: | |||||||||||
Commercial | 2 | $ | 1,608 | ||||||||
Total | 2 | $ | 1,608 | ||||||||
Nine Months Ended | |||||||||||
30-Sep-13 | |||||||||||
(in thousands) | |||||||||||
Number of | Recorded | ||||||||||
Contracts | Investment | ||||||||||
Commercial Real Estate: | |||||||||||
Owner occupied | 3 | $ | 654 | ||||||||
Non-owner occupied | 1 | 557 | |||||||||
Residential: | |||||||||||
Single family | 4 | 946 | |||||||||
Total | 8 | $ | 2,157 | ||||||||
A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. |
Deposits
Deposits | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Deposits [Abstract] | ' | |||||||
Deposits | ' | |||||||
NOTE 7. Deposits | ||||||||
The composition of deposits at September 30, 2014 and December 31, 2013 was as follows: | ||||||||
30-Sep-14 | 31-Dec-13 | |||||||
(in thousands) | ||||||||
Noninterest bearing demand deposits | $ | 151,961 | $ | 147,698 | ||||
Savings and interest bearing demand deposits: | ||||||||
NOW accounts | $ | 79,895 | $ | 85,459 | ||||
Money market accounts | 99,057 | 92,125 | ||||||
Regular savings accounts | 69,784 | 63,165 | ||||||
$ | 248,736 | $ | 240,749 | |||||
Time deposits: | ||||||||
Balances of less than $100,000 | $ | 60,084 | $ | 63,221 | ||||
Balances of $100,000 and more | 34,355 | 35,919 | ||||||
$ | 94,439 | $ | 99,140 | |||||
$ | 495,136 | $ | 487,587 | |||||
Postretirement_Benefit_Plans
Postretirement Benefit Plans | 9 Months Ended |
Sep. 30, 2014 | |
Postemployment Benefits [Abstract] | ' |
Postretirement Benefit Plans | ' |
NOTE 8. Postretirement Benefit Plans | |
The Company provides certain health care and life insurance benefits for nine retired employees who have met certain eligibility requirements. All other employees retiring after reaching age 65 and having at least 15 years of service with the Company will be allowed to stay on the Company’s group life and health insurance policies, but will be required to pay premiums. The Company’s share of the estimated costs that will be paid after retirement is generally being accrued by charges to expense over the employees’ active service periods to the dates they are fully eligible for benefits. | |
Generally Accepted Accounting Principles (“GAAP”) requires the Company to recognize the funded status (i.e. the difference between the fair value of plan assets and the projected benefit obligations) of its postretirement benefit plans in the consolidated balance sheet, with a corresponding adjustment to accumulated other comprehensive income, net of taxes. | |
Net periodic benefit costs of the postretirement plan were $(1) thousand for the three months ended September 30, 2014 and 2013. Net periodic benefit costs of the postretirement benefit plan for the nine months ended September 30, 2014 and 2013 were $(3) thousand. |
Trust_Preferred_Capital_Notes
Trust Preferred Capital Notes | 9 Months Ended |
Sep. 30, 2014 | |
Regulatory Capital Requirements [Abstract] | ' |
Trust Preferred Capital Notes | ' |
NOTE 9. Trust Preferred Capital Notes | |
In September 2007, Eagle Financial Statutory Trust II (the “Trust II”), a wholly-owned subsidiary of the Company, was formed for the purpose of issuing redeemable capital securities. On September 20, 2007, Trust II issued $7.0 million of trust preferred securities and $217 thousand in common equity. The principal asset of Trust II is $7.2 million of the Company’s junior subordinated debt securities with the same maturity and interest rate structures as the capital securities. The securities have a LIBOR-indexed floating rate of interest and the interest rate at September 30, 2014 was 1.85%. The securities have a mandatory redemption date of September 1, 2037, and were subject to varying call provisions beginning September 1, 2012. | |
The trust preferred securities are included in Tier 1 capital for regulatory capital adequacy purposes as long as their amount does not exceed 25% of Tier 1 capital, including total trust preferred securities. The portion of the trust preferred securities not considered as Tier 1 capital, if any, may be included in Tier 2 capital. At September 30, 2014, the total amount ($7.0 million) of trust preferred securities issued by Trust II is included in the Company’s Tier 1 capital. | |
The obligations of the Company with respect to the issuance of the capital securities constitute a full and unconditional guarantee by the Company of the Trust’s obligations with respect to the capital securities. | |
Subject to certain exceptions and limitations, the Company may elect from time to time to defer interest payments on the junior subordinated debt securities, which would result in a deferral of distribution payments on the related capital securities. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||||||
NOTE 10. Fair Value Measurements | ||||||||||||||||||||
GAAP requires the Company to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The fair value of certain assets and liabilities is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. | ||||||||||||||||||||
“Fair Value Measurements” defines fair value, establishes a framework for measuring fair value, establishes a three-level valuation hierarchy for disclosure of fair value measurement and enhances disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: | ||||||||||||||||||||
• | Level 1 | Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. | ||||||||||||||||||
• | Level 2 | Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. | ||||||||||||||||||
• | Level 3 | Inputs to the valuation methodology are unobservable and significant to the fair value measurement. | ||||||||||||||||||
The following sections provide a description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy: | ||||||||||||||||||||
Securities Available for Sale: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include highly liquid government bonds, mortgage products and exchange traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. Level 2 securities would include U.S. agency securities, mortgage-backed agency securities, obligations of states and political subdivisions and certain corporate, asset backed and other securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. | ||||||||||||||||||||
Interest Rate Swap: The fair value is estimated by a third party using inputs that are observable or that can be corroborated by observable market data, and therefore, are classified within Level 2 of the valuation hierarchy. | ||||||||||||||||||||
The following table presents balances of financial assets and liabilities measured at fair value on a recurring basis at September 30, 2014 and December 31, 2013: | ||||||||||||||||||||
Fair Value Measurements at | ||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||
Using | ||||||||||||||||||||
Balance as of | Quoted Prices | Significant | Significant | |||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | |||||||||||||||||||
Assets | ||||||||||||||||||||
September 30, 2014 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Securities available for sale | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 36,772 | $ | — | $ | 36,772 | $ | — | ||||||||||||
Mortgage-backed securities | 13,260 | — | 13,260 | — | ||||||||||||||||
Obligations of states and political subdivisions | 40,810 | — | 40,810 | — | ||||||||||||||||
Corporate securities | 7,019 | — | 7,019 | — | ||||||||||||||||
Equity securities: | ||||||||||||||||||||
Bank preferred stock | 1,161 | 1,161 | — | — | ||||||||||||||||
Total assets at fair value | $ | 99,022 | $ | 1,161 | $ | 97,861 | $ | — | ||||||||||||
Liabilities: | ||||||||||||||||||||
Interest rate swap | 314 | — | 314 | — | ||||||||||||||||
Total liabilities at fair value | $ | 314 | $ | — | $ | 314 | $ | — | ||||||||||||
Fair Value Measurements at | ||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||
Using | ||||||||||||||||||||
Balance as of | Quoted Prices | Significant | Significant | |||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | |||||||||||||||||||
Assets | ||||||||||||||||||||
December 31, 2013 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Securities available for sale | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 34,744 | $ | — | $ | 34,744 | $ | — | ||||||||||||
Mortgage-backed securities | 15,197 | — | 15,197 | — | ||||||||||||||||
Obligations of states and political subdivisions | 43,116 | — | 43,116 | — | ||||||||||||||||
Corporate securities | 8,423 | — | 8,423 | — | ||||||||||||||||
Equity securities: | ||||||||||||||||||||
Bank preferred stock | 1,118 | 1,118 | — | — | ||||||||||||||||
Total assets at fair value | $ | 102,598 | $ | 1,118 | $ | 101,480 | $ | — | ||||||||||||
Liabilities: | ||||||||||||||||||||
Interest rate swap | 434 | — | 434 | — | ||||||||||||||||
Total liabilities at fair value | $ | 434 | $ | — | $ | 434 | $ | — | ||||||||||||
Certain financial assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower of cost or market accounting or write downs of individual assets. | ||||||||||||||||||||
The following describes the valuation techniques used by the Company to measure certain financial and nonfinancial assets recorded at fair value on a nonrecurring basis in the financial statements: | ||||||||||||||||||||
Impaired Loans: Loans are designated as impaired when, in the judgment of management based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected. The measurement of loss associated with impaired loans can be based on either the observable market price of the loan or the fair value of the collateral securing the loans. Collateral may be in the form of real estate or business assets including equipment, inventory, and accounts receivable. The vast majority of the collateral is real estate. Level 2 impaired loan value is determined by utilizing an income or market valuation approach based on an appraisal conducted by an independent, licensed appraiser outside of the Company using observable market data. The value of business equipment is based upon an outside appraisal if deemed significant, or the net book value on the applicable business’ financial statements if not considered significant using observable market data. Level 3 impaired loan values are determined using inventory and accounts receivable collateral and are based on financial statement balances or aging reports. If the collateral is a house or building in the process of construction or if an appraisal of the real estate property is over two years old or has been discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the client and client’s business, then the fair value is considered Level 3. Impaired loans allocated to the Allowance for Loan Losses are measured at fair value on a nonrecurring basis. Any fair value adjustments are recorded in the period incurred as provision for loan losses on the Consolidated Statements of Income. | ||||||||||||||||||||
Other Real Estate Owned: Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at the lesser of the fair value of the property, less estimated selling costs or the loan balance outstanding at the date of foreclosure. Any write-downs based on the asset’s fair value at the date of acquisition are charged to the allowance for loan losses. If there is a contract for the sale of a property, and management reasonably believes the contract will be executed, fair value is based on the sale price in that contract (Level 1). Lacking such a contract, the value of real estate collateral is determined utilizing an income or market valuation approach based on an appraisal conducted by an independent, licensed appraiser outside of the Company using observable market data (Level 2). However, if the collateral is a house or building in the process of construction or if an appraisal of the real estate property is over two years old, then the fair value is considered Level 3. After foreclosure, valuations are periodically performed by management and property held for sale is carried at the lower of the new cost basis or fair value less cost to sell. Any subsequent valuation adjustments are applied to earnings in the consolidated statements of income. Impairment losses on property to be held and used are measured as the amount by which the carrying amount of a property exceeds its fair value. Costs of significant property improvements are capitalized, whereas costs relating to holding property are expensed. The portion of interest costs relating to development of real estate is capitalized. Valuations are periodically performed by management, and any subsequent write-downs are recorded as a charge to operations, if necessary, to reduce the carrying value of a property to the lower of its cost or fair value less cost to sell. We believe that the fair value component in its valuation follows the provisions of GAAP. | ||||||||||||||||||||
The following table displays quantitative information about Level 3 Fair Value Measurements for certain financial assets measured at fair value on a nonrecurring basis at September 30, 2014 (dollars in thousands): | ||||||||||||||||||||
Quantitative information about Level 3 Fair Value Measurements for | ||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||
Valuation Technique(s) | Unobservable Input | Range | Weighted Average | |||||||||||||||||
Assets: | ||||||||||||||||||||
Impaired loans | Discounted appraised value | Selling cost | 12% - 60% | 14% | ||||||||||||||||
Other real estate owned | Discounted appraised value | Selling cost | 5% - 10% | 8% | ||||||||||||||||
The following table summarizes the Company’s financial and nonfinancial assets that were measured at fair value on a nonrecurring basis at September 30, 2014 and December 31, 2013: | ||||||||||||||||||||
Carrying value at | ||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||
Balance as of | Identical | Observable | Unobservable | |||||||||||||||||
Assets | Inputs | Inputs | ||||||||||||||||||
September 30, 2014 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Impaired loans | $ | 2,741 | $ | — | $ | 435 | $ | 2,306 | ||||||||||||
Nonfinancial Assets: | ||||||||||||||||||||
Other real estate owned | 1,644 | 638 | 668 | 338 | ||||||||||||||||
Carrying value at | ||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||
Balance as of | Quoted Prices | Significant | Significant | |||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | |||||||||||||||||||
Assets | ||||||||||||||||||||
December 31, 2013 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Impaired loans | $ | 2,706 | $ | — | $ | 1,299 | $ | 1,407 | ||||||||||||
Nonfinancial Assets: | ||||||||||||||||||||
Other real estate owned | 1,646 | 638 | 1,008 | — | ||||||||||||||||
The changes in Level 3 financial assets measured at estimated fair value on a nonrecurring basis during the period ended September 30, 2014 were as follows: | ||||||||||||||||||||
Fair Value Measurements at | ||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||
Impaired | Other Real | |||||||||||||||||||
Loans | Estate Owned | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Balance - January 1, 2014 | $ | 1,407 | $ | — | ||||||||||||||||
Sales proceeds | — | — | ||||||||||||||||||
Valuation allowance | — | — | ||||||||||||||||||
(Loss) on disposition | — | — | ||||||||||||||||||
Transfers into Level 3 | 1,740 | 488 | ||||||||||||||||||
Transfers out of Level 3 | (841 | ) | (150 | ) | ||||||||||||||||
Total assets at fair value | $ | 2,306 | $ | 338 | ||||||||||||||||
GAAP defines the fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties, other than through a forced or liquidation sale for purposes of this disclosure. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The following methods and assumptions were used to estimate the fair value of the Company’s financial instruments: | ||||||||||||||||||||
Cash and short-term investments/accrued interest: The fair value was equal to the carrying amount. | ||||||||||||||||||||
Securities: The fair value, excluding restricted securities, was based on quoted market prices. The fair value of restricted securities approximated the carrying amount based on the redemption provisions of the issuers. | ||||||||||||||||||||
Loans: The fair value of variable rate loans, which reprice frequently and with no significant change in credit risk, was equal to the carrying amount. The fair value of all other loans was determined using discounted cash flow analysis. The discount rate was equal to the current interest rate on similar products. | ||||||||||||||||||||
Deposits and borrowings: The fair value of demand deposits, savings accounts, and certain money market deposits was equal to the carrying amount. The fair value of all other deposits and borrowings was determined using discounted cash flow analysis. The discount rate was equal to the current interest rate on similar products. | ||||||||||||||||||||
Off-balance-sheet financial instruments: The fair value of commitments to extend credit was estimated using the fees currently charged to enter similar agreements, taking into account the remaining terms of the agreements and the credit worthiness of the counterparties. The fair value of fixed rate loan commitments also considered the difference between current interest rates and the committed interest rates. The fair value of standby letters of credit was estimated using the fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties. | ||||||||||||||||||||
The carrying value and fair value of the Company’s financial instruments at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||
Fair Value Measurements at | ||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||
Using | ||||||||||||||||||||
Carrying Value as of | Quoted Prices | Significant | Significant | Fair Value as of | ||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | |||||||||||||||||||
Assets | ||||||||||||||||||||
September 30, 2014 | (Level 1) | (Level 2) | (Level 3) | September 30, 2014 | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Cash and short-term investments | $ | 15,338 | $ | 15,338 | $ | — | $ | — | $ | 15,338 | ||||||||||
Securities | 99,022 | 1,161 | 97,861 | — | 99,022 | |||||||||||||||
Restricted Investments | 2,358 | — | 2,358 | — | 2,358 | |||||||||||||||
Loans, net | 459,481 | — | 463,470 | 2,306 | 465,776 | |||||||||||||||
Accrued interest receivable | 1,850 | — | 1,850 | — | 1,850 | |||||||||||||||
Financial Liabilities: | ||||||||||||||||||||
Deposits | $ | 495,136 | $ | — | $ | 495,235 | $ | — | $ | 495,235 | ||||||||||
Federal Home Loan Bank advances | 30,000 | — | 30,249 | — | 30,249 | |||||||||||||||
Trust preferred capital notes | 7,217 | — | 7,217 | — | 7,217 | |||||||||||||||
Accrued interest payable | 155 | — | 155 | — | 155 | |||||||||||||||
Interest rate swap contract | 314 | — | 314 | — | 314 | |||||||||||||||
Fair Value Measurements at | ||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||
Using | ||||||||||||||||||||
Carrying Value | Quoted Prices | Significant | Significant | Fair Value as of | ||||||||||||||||
as of | in Active | Other | Unobservable | |||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | |||||||||||||||||||
Assets | ||||||||||||||||||||
December 31, 2013 | (Level 1) | (Level 2) | (Level 3) | 31-Dec-13 | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Financial assets: | ||||||||||||||||||||
Cash and short-term investments | $ | 14,243 | $ | 14,243 | $ | — | $ | — | $ | 14,243 | ||||||||||
Securities | 102,598 | 1,118 | 101,480 | — | 102,598 | |||||||||||||||
Restricted Investments | 2,192 | — | 2,192 | — | 2,192 | |||||||||||||||
Loans, net | 438,785 | — | 446,329 | 1,407 | 447,736 | |||||||||||||||
Accrued interest receivable | 1,797 | — | 1,797 | — | 1,797 | |||||||||||||||
Financial liabilities: | ||||||||||||||||||||
Deposits | $ | 487,587 | $ | — | $ | 488,074 | $ | — | $ | 488,074 | ||||||||||
Federal Home Loan Bank advances | 22,250 | — | 22,214 | — | 22,214 | |||||||||||||||
Trust preferred capital notes | 7,217 | — | 7,217 | — | 7,217 | |||||||||||||||
Accrued interest payable | 165 | — | 165 | — | 165 | |||||||||||||||
Interest rate swap contract | 434 | — | 434 | — | 434 | |||||||||||||||
The Company assumes interest rate risk (the risk that general interest rate levels will change) during its normal operations. As a result, the fair value of the Company’s financial instruments will change when interest rate levels change and that change may be either favorable or unfavorable to the Company. Management attempts to match maturities of assets and liabilities in order to minimize interest rate risk. However, borrowers with fixed rate obligations are less likely to prepay their principal balance in a rising rate environment and more likely to do so in a falling rate environment. Conversely, depositors who are receiving fixed rate interest payments are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting the terms of new loans and deposits and by investing in securities with terms that mitigate the Company’s overall interest rate risk. |
Derivative_Instruments_And_Hed
Derivative Instruments And Hedging Activities | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
General Discussion of Derivative Instruments and Hedging Activities [Abstract] | ' | |||||||||||||||||
Derivative Instruments And Hedging Activities | ' | |||||||||||||||||
NOTE 11. Derivative Instruments and Hedging Activities | ||||||||||||||||||
Interest Rate Swaps | ||||||||||||||||||
The Company uses interest rate swaps to reduce interest rate risk and to manage interest expense. By entering into these agreements, the Company converts floating rate debt into fixed rate debt, or alternatively, converts fixed rate debt into floating rate debt. Interest differentials paid or received under the swap agreements are reflected as adjustments to interest expense. These interest rate swap agreements are derivative instruments that qualify for hedge accounting as discussed in Note 1. The notional amounts of the interest rate swaps are not exchanged and do not represent exposure to credit loss. In the event of default by a counterparty, the risk in these transactions is the cost of replacing the agreements at current market rates. | ||||||||||||||||||
On December 4, 2008, the Company entered into an interest rate swap agreement related to the outstanding trust preferred capital notes. The swap agreement became effective on December 1, 2008. The notional amount of the interest rate swap was $7.0 million and has an expiration date of December 1, 2016. Under the terms of the agreement, the Company pays interest quarterly at a fixed rate of 2.85% and receives interest quarterly at a variable rate of three month LIBOR. The variable rate resets on each interest payment date. | ||||||||||||||||||
The following table summarizes the fair value of derivative instruments at September 30, 2014 and December 31, 2013: | ||||||||||||||||||
30-Sep-14 | 31-Dec-13 | |||||||||||||||||
Balance Sheet | Fair | Balance Sheet | Fair | |||||||||||||||
Location | Value | Location | Value | |||||||||||||||
(dollars in thousands) | ||||||||||||||||||
Derivatives designated as hedging instruments under GAAP | ||||||||||||||||||
Interest rate swap contracts | Other Liabilities | $ | 314 | Other Liabilities | $ | 434 | ||||||||||||
The following tables present the effect of the derivative instrument on the Consolidated Balance Sheet at September 30, 2014 and 2013 and the Consolidated Statements of Income for the three and nine months ended September 30, 2014 and 2013: | ||||||||||||||||||
Three Months Ended | ||||||||||||||||||
September 30, | ||||||||||||||||||
Derivatives in GAAP | Amount of Gain (Loss) | Location of Gain (Loss) | Amount of Gain (Loss) | |||||||||||||||
Cash Flow Hedging | Recognized in OCI | Recognized in Income | Recognized in Income | |||||||||||||||
Relationships | on Derivative | (Ineffective Portion) | (Ineffective Portion) | |||||||||||||||
(Effective Portion) | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
(dollars in thousands) | (dollars in thousands) | |||||||||||||||||
Interest rate swap contracts, net of tax | $ | 41 | $ | 1 | Not applicable | $ | — | $ | — | |||||||||
Nine Months Ended | ||||||||||||||||||
September 30, | ||||||||||||||||||
Derivatives in GAAP | Amount of Gain (Loss) | Location of Gain (Loss) | Amount of Gain (Loss) | |||||||||||||||
Cash Flow Hedging | Recognized in OCI | Recognized in Income | Recognized in Income | |||||||||||||||
Relationships | on Derivative | (Ineffective Portion) | (Ineffective Portion) | |||||||||||||||
(Effective Portion) | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
(dollars in thousands) | (dollars in thousands) | |||||||||||||||||
Interest rate swap contracts, net of tax | $ | 79 | $ | 109 | Not applicable | $ | — | $ | — | |||||||||
Change_in_Accumulated_Other_Co
Change in Accumulated Other Comprehensive Income | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ||||||||||||||||||||||||
Change in Accumulated Other Comprehensive Income | ' | ||||||||||||||||||||||||
NOTE 12. Change in Accumulated Other Comprehensive Income | |||||||||||||||||||||||||
Accumulated other comprehensive income includes unrealized gains and losses on available for sale securities, change in fair value of interest rate swaps and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to other comprehensive income are presented net of tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income are recorded in the Consolidated Statements of Income either as a gain or loss. | |||||||||||||||||||||||||
Changes to accumulated other comprehensive income by components are shown in the following tables for the periods indicated: | |||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Unrealized Gains and Losses on Available for Sale Securities | Change in Fair Value of Interest Rate Swap | Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan | Total | Unrealized Gains and Losses on Available for Sale Securities | Change in Fair Value of Interest Rate Swap | Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan | Total | ||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
1-Jul | $ | 1,766 | $ | (248 | ) | $ | 44 | $ | 1,562 | $ | 1,316 | $ | (311 | ) | $ | 43 | $ | 1,048 | |||||||
Other comprehensive income (loss) before reclassifications | (28 | ) | 63 | — | 35 | (355 | ) | 1 | — | (354 | ) | ||||||||||||||
Reclassifications from other comprehensive income (loss) | (87 | ) | — | — | (87 | ) | — | — | — | — | |||||||||||||||
Tax effect of current period changes | 39 | (22 | ) | — | 17 | 120 | — | — | 120 | ||||||||||||||||
Current period changes net of taxes | (76 | ) | 41 | — | (35 | ) | (235 | ) | 1 | — | (234 | ) | |||||||||||||
September 30 | $ | 1,690 | $ | (207 | ) | $ | 44 | $ | 1,527 | $ | 1,081 | $ | (310 | ) | $ | 43 | $ | 814 | |||||||
Nine Months Ended | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Unrealized Gains and Losses on Available for Sale Securities | Change in Fair Value of Interest Rate Swap | Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan | Total | Unrealized Gains and Losses on Available for Sale Securities | Change in Fair Value of Interest Rate Swap | Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan | Total | ||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
1-Jan | $ | 547 | $ | (286 | ) | $ | 44 | $ | 305 | $ | 3,824 | $ | (419 | ) | $ | 43 | $ | 3,448 | |||||||
Other comprehensive income (loss) before reclassifications | 1,824 | 120 | — | 1,944 | (3,755 | ) | 165 | — | (3,590 | ) | |||||||||||||||
Reclassifications from other comprehensive income (loss) | (93 | ) | — | — | (93 | ) | (400 | ) | — | — | (400 | ) | |||||||||||||
Tax effect of current period changes | (588 | ) | (41 | ) | — | (629 | ) | 1,412 | (56 | ) | — | 1,356 | |||||||||||||
Current period changes net of taxes | 1,143 | 79 | — | 1,222 | (2,743 | ) | 109 | — | (2,634 | ) | |||||||||||||||
September 30 | $ | 1,690 | $ | (207 | ) | $ | 44 | $ | 1,527 | $ | 1,081 | $ | (310 | ) | $ | 43 | $ | 814 | |||||||
For the three and nine months ended September 30, 2014, $87 thousand and $93 thousand, respectively, was reclassified out of comprehensive income and appeared as Gain on Sale of Securities in the Consolidated Statements of Income. For the three and nine months ended September 30, 2013, zero and $400 thousand, respectively, was reclassified out of comprehensive income and appeared as Gain on Sale of Securities in the Consolidated Statements of Income. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2014 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
Recent Accounting Pronouncements | ' |
NOTE 13. Recent Accounting Pronouncements | |
In January 2014, the FASB issued ASU 2014-01, “Investments-Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force).” The amendments in this ASU permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The amendments in this ASU should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. The amendments in this ASU are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company is currently assessing the impact that ASU 2014-01 will have on its consolidated financial statements. | |
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 (a consensus of the FASB Emerging Issues Task Force).” The amendments in this ASU 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 ASU are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Company is currently assessing the impact that ASU 2014-04 will have on its consolidated financial statements. | |
In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” The amendments in this ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization’s operations and financial results and include disposals of a major geographic area, a major line of business, or a major equity method investment. The new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. Additionally, the new guidance requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. The amendments in the ASU are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company does not expect the adoption of ASU 2014-08 to have a material impact on its consolidated financial statements. | |
In June 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers: Topic 606”. This ASU applies to any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The guidance supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition”, most industry-specific guidance, and some cost guidance included in Subtopic 605-35, “Revenue Recognition-Construction-Type and Production-Type Contracts”. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To be in alignment with the core principle, an entity must apply a five step process including: identification of the contract(s) with a customer, identification of performance obligations in the contract(s), determination of the transaction price, allocation of the transaction price to the performance obligations, and recognition of revenue when (or as) the entity satisfies a performance obligation. Additionally, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer have also been amended to be consistent with the guidance on recognition and measurement. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently assessing the impact that ASU 2014-09 will have on its consolidated financial statements. | |
In June 2014, the FASB issued ASU 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation”. The amendments in this ASU remove all incremental financial reporting requirements from U.S. GAAP for development stage entities, including the removal of Topic 915, “Development Stage Entities”, from the FASB Accounting Standards Codification. In addition, this ASU adds an example disclosure and removes an exception provided to development stage entities in Topic 810, “Consolidation”, for determining whether an entity is a variable interest entity. The presentation and disclosure requirements in Topic 915 will no longer be required for the first annual period beginning after December 15, 2014. The revised consolidation standards are effective for annual periods beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the adoption of ASU 2014-10 to have a material impact on its consolidated financial statements. | |
In June 2014, the FASB issued ASU No. 2014-11, “Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures”. This ASU aligns the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. The new guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement. The amendments in the ASU also require a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction. Additional disclosures will be required for the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The amendments in this ASU are effective for the first interim or annual period beginning after December 15, 2014; however, the disclosure for transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. Early adoption is not permitted. The Company is currently assessing the impact that ASU 2014-11 will have on its consolidated financial statements. | |
In June 2014, the FASB issued ASU No. 2014-12, “Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period”. The new guidance applies to reporting entities that grant employees share-based payments in which the terms of the award allow a performance target to be achieved after the requisite service period. The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. Existing guidance in “Compensation - Stock Compensation (Topic 718)”, should be applied to account for these types of awards. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted and reporting entities may choose to apply the amendments in the ASU either on a prospective or retrospective basis. The Company is currently assessing the impact that ASU 2014-12 will have on its consolidated financial statements. | |
In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. This update is intended to provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Management is required under the new guidance to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued when preparing financial statements for each interim and annual reporting period. If conditions or events are identified, the ASU specifies the process that must be followed by management and also clarifies the timing and content of going concern footnote disclosures in order to reduce diversity in practice. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2016. Early adoption is permitted. The Company does not expect the adoption of ASU 2014-15 to have a material impact on its consolidated financial statements. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
NOTE 14. Subsequent Events | |
The Company has evaluated events and transactions subsequent to September 30, 2014 through the date these financial statements were issued. Based on definitions and requirements of Generally Accepted Accounting Principles for “Subsequent Events”, the Company has not identified any events that would require adjustments to, or disclosure in the financial statements. |
Branch_Activity_Notes
Branch Activity (Notes) | 9 Months Ended |
Sep. 30, 2014 | |
Branch Activity [Abstract] | ' |
Branch Activity [Text Block] | ' |
NOTE 15. Branch Activity | |
On February 25, 2014, the Company entered into a $1.8 million contract to purchase land to build its twelfth retail branch, located in Loudoun County, Virginia. The land was purchased for the $1.8 million contract price on August 27, 2014. On September 10, 2014, the Company entered into a $1.3 million contract to build its twelfth retail branch, located in Ashburn, Virginia. The branch is expected to be completed during Spring 2015. | |
The full service branch located at 3360 Valley Pike in Winchester, Virginia was closed to business on June 27, 2014. |
StockBased_Compensation_Plan_T
Stock-Based Compensation Plan (Tables) | 9 Months Ended | |||||||||||||
Sep. 30, 2014 | ||||||||||||||
Share-based Compensation [Abstract] | ' | |||||||||||||
Restricted Stock Activity | ' | |||||||||||||
Nine Months Ended | ||||||||||||||
September 30, | ||||||||||||||
2014 | 2013 | |||||||||||||
Shares | Weighted | Shares | Weighted | |||||||||||
Average | Average | |||||||||||||
Grant Date | Grant Date | |||||||||||||
Fair Value | Fair Value | |||||||||||||
Nonvested, beginning of period | 17,050 | $ | 19.92 | 16,500 | $ | 16.53 | ||||||||
Granted | 14,900 | 23.5 | 14,900 | 22.06 | ||||||||||
Vested | (10,009 | ) | 19.65 | (9,699 | ) | 16.47 | ||||||||
Forfeited | (2,790 | ) | 22.11 | (651 | ) | 16.75 | ||||||||
Nonvested, end of period | 19,151 | $ | 22.53 | 21,050 | $ | 20.46 | ||||||||
Earnings_Per_Common_Share_Tabl
Earnings Per Common Share (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Weighted Average Number Of Shares Used In Computing Earnings Per Share | ' | |||||||||||
The following table shows the weighted average number of shares used in computing earnings per share for the three and nine months ended September 30, 2014 and 2013 and the effect on the weighted average number of shares of dilutive potential common stock. Potential dilutive common stock had no effect on income available to common shareholders. | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
September 30, | September 30, | |||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||
Average number of common shares outstanding | 3,451,041 | 3,393,519 | 3,431,356 | 3,380,149 | ||||||||
Effect of dilutive common stock | 9,145 | 12,685 | 8,121 | 11,158 | ||||||||
Average number of common shares outstanding used to calculate diluted earnings per share | 3,460,186 | 3,406,204 | 3,439,477 | 3,391,307 | ||||||||
Securities_Tables
Securities (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Available-for-sale Securities [Abstract] | ' | |||||||||||||||||||||||
Amortized Costs And Fair Values Of Securities Available For Sale | ' | |||||||||||||||||||||||
Amortized costs and fair values of securities available for sale at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | |||||||||||||||||||||
Gains | (Losses) | |||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 36,912 | $ | 517 | $ | (657 | ) | $ | 36,772 | |||||||||||||||
Mortgage-backed securities | 12,802 | 480 | (22 | ) | 13,260 | |||||||||||||||||||
Obligations of states and political subdivisions | 39,465 | 1,435 | (90 | ) | 40,810 | |||||||||||||||||||
Corporate securities | 6,237 | 782 | — | 7,019 | ||||||||||||||||||||
Equity securities | 1,044 | 117 | — | 1,161 | ||||||||||||||||||||
$ | 96,460 | $ | 3,331 | $ | (769 | ) | $ | 99,022 | ||||||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 35,890 | $ | 439 | $ | (1,585 | ) | $ | 34,744 | |||||||||||||||
Mortgage-backed securities | 14,896 | 422 | (121 | ) | 15,197 | |||||||||||||||||||
Obligations of states and political subdivisions | 42,442 | 969 | (295 | ) | 43,116 | |||||||||||||||||||
Corporate securities | 7,495 | 928 | — | 8,423 | ||||||||||||||||||||
Equity securities | 1,044 | 74 | — | 1,118 | ||||||||||||||||||||
$ | 101,767 | $ | 2,832 | $ | (2,001 | ) | $ | 102,598 | ||||||||||||||||
Fair Value And Gross Unrealized Losses For Securities Available For Sale | ' | |||||||||||||||||||||||
The fair value and gross unrealized losses for securities available for sale, totaled by the length of time that individual securities have been in a continuous gross unrealized loss position, at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Fair Value | Gross | Fair Value | Gross | Fair Value | Gross | |||||||||||||||||||
Unrealized | Unrealized | Unrealized | ||||||||||||||||||||||
Losses | Losses | Losses | ||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 3,982 | $ | 22 | $ | 22,253 | $ | 635 | $ | 26,235 | $ | 657 | ||||||||||||
Mortgage-backed securities | — | — | 1,521 | 22 | 1,521 | 22 | ||||||||||||||||||
Obligations of states and political subdivisions | 249 | 1 | 3,438 | 89 | 3,687 | 90 | ||||||||||||||||||
Corporate securities | — | — | — | — | — | — | ||||||||||||||||||
Equity securities | — | — | — | — | — | — | ||||||||||||||||||
$ | 4,231 | $ | 23 | $ | 27,212 | $ | 746 | $ | 31,443 | $ | 769 | |||||||||||||
December 31, 2013 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 23,235 | $ | 1,551 | $ | 1,967 | $ | 34 | $ | 25,202 | $ | 1,585 | ||||||||||||
Mortgage-backed securities | 2,828 | 121 | — | — | 2,828 | 121 | ||||||||||||||||||
Obligations of states and political subdivisions | 8,439 | 252 | 466 | 43 | 8,905 | 295 | ||||||||||||||||||
Corporate securities | — | — | — | — | — | — | ||||||||||||||||||
Equity securities | — | — | — | — | — | — | ||||||||||||||||||
$ | 34,502 | $ | 1,924 | $ | 2,433 | $ | 77 | $ | 36,935 | $ | 2,001 | |||||||||||||
Restricted Investments | ' | |||||||||||||||||||||||
The composition of restricted investments at September 30, 2014 and December 31, 2013 was as follows: | ||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Federal Reserve Bank Stock | $ | 344 | $ | 344 | ||||||||||||||||||||
Federal Home Loan Bank Stock | 1,874 | 1,708 | ||||||||||||||||||||||
Community Bankers’ Bank Stock | 140 | 140 | ||||||||||||||||||||||
$ | 2,358 | $ | 2,192 | |||||||||||||||||||||
Allowance_For_Loan_Losses_Tabl
Allowance For Loan Losses (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | ' | |||||||||||||||||||||||||||||||
Changes In Allowance For Loan Losses | ' | |||||||||||||||||||||||||||||||
Changes in the allowance for loan losses for the nine months ended September 30, 2014 and 2013 and the year ended December 31, 2013 were as follows: | ||||||||||||||||||||||||||||||||
Nine Months Ended | Year Ended | Nine Months Ended | ||||||||||||||||||||||||||||||
September 30, | December 31, | September 30, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2013 | ||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Balance, beginning | $ | 5,488 | $ | 6,577 | $ | 6,577 | ||||||||||||||||||||||||||
Provision charged to operating expense | — | — | 767 | |||||||||||||||||||||||||||||
Recoveries added to the allowance | 614 | 233 | 204 | |||||||||||||||||||||||||||||
Loan losses charged to the allowance | (515 | ) | (1,322 | ) | (830 | ) | ||||||||||||||||||||||||||
Balance, ending | $ | 5,587 | $ | 5,488 | $ | 6,718 | ||||||||||||||||||||||||||
Nonaccrual And Past Due Loans By Class | ' | |||||||||||||||||||||||||||||||
Nonaccrual and past due loans by class at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
30 - 59 | 60 - 89 | 90 or More | Total Past | Current | Total Loans | 90 or More | Nonaccrual | |||||||||||||||||||||||||
Days | Days | Days | Due | Days Past | Loans | |||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due Still Accruing | |||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 43 | $ | 1,053 | $ | 100 | $ | 1,196 | $ | 28,512 | $ | 29,708 | $ | — | $ | 1,736 | ||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 3,276 | 739 | 608 | 4,623 | 95,127 | 99,750 | — | 2,485 | ||||||||||||||||||||||||
Non-owner occupied | 631 | — | 813 | 1,444 | 57,290 | 58,734 | — | 1,243 | ||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | 5,837 | 5,837 | — | — | ||||||||||||||||||||||||
Commercial | 424 | 16 | 80 | 520 | 32,256 | 32,776 | 16 | 462 | ||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||
Installment | 60 | 2 | — | 62 | 13,234 | 13,296 | — | — | ||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity Lines | 63 | 121 | 179 | 363 | 30,570 | 30,933 | — | 329 | ||||||||||||||||||||||||
Single family | 1,526 | 348 | 345 | 2,219 | 186,463 | 188,682 | 2,373 | |||||||||||||||||||||||||
Multifamily | — | — | — | — | 3,050 | 3,050 | — | — | ||||||||||||||||||||||||
All Other Loans | — | — | — | — | 2,302 | 2,302 | — | — | ||||||||||||||||||||||||
Total | $ | 6,023 | $ | 2,279 | $ | 2,125 | $ | 10,427 | $ | 454,641 | $ | 465,068 | $ | 16 | $ | 8,628 | ||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
30 - 59 | 60 - 89 | 90 or More | Total Past | Current | Total Loans | 90 or More | Nonaccrual | |||||||||||||||||||||||||
Days | Days | Days | Due | Past Due | Loans | |||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Still | |||||||||||||||||||||||||||||
Accruing | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 143 | $ | — | $ | 1,162 | $ | 1,305 | $ | 19,560 | $ | 20,865 | $ | — | $ | 1,288 | ||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 364 | — | 1,270 | 1,634 | 90,811 | 92,445 | — | 1,269 | ||||||||||||||||||||||||
Non-owner occupied | 99 | 185 | — | 284 | 55,437 | 55,721 | — | 185 | ||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | 7,860 | 7,860 | — | — | ||||||||||||||||||||||||
Commercial | — | — | — | — | 29,073 | 29,073 | — | 157 | ||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||
Installment | 95 | 9 | 11 | 115 | 13,670 | 13,785 | 11 | 6 | ||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity Lines | 202 | 25 | — | 227 | 31,997 | 32,224 | — | 179 | ||||||||||||||||||||||||
Single family | 1,995 | 180 | 693 | 2,868 | 183,541 | 186,409 | — | 1,328 | ||||||||||||||||||||||||
Multifamily | — | — | — | — | 2,850 | 2,850 | — | — | ||||||||||||||||||||||||
All Other Loans | — | — | — | — | 3,041 | 3,041 | — | — | ||||||||||||||||||||||||
Total | $ | 2,898 | $ | 399 | $ | 3,136 | $ | 6,433 | $ | 437,840 | $ | 444,273 | $ | 11 | $ | 4,412 | ||||||||||||||||
Allowance For Loan Losses By Segment | ' | |||||||||||||||||||||||||||||||
Allowance for loan losses by segment at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||||||||||||||
As of and for the Nine Months Ended | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Commercial | Consumer | All Other | Unallocated | Total | |||||||||||||||||||||||||
and Farmland | Real Estate | Real Estate | Loans | |||||||||||||||||||||||||||||
Allowance for credit losses: | ||||||||||||||||||||||||||||||||
Beginning Balance | $ | 1,032 | $ | 2,225 | $ | 1,337 | $ | 555 | $ | 102 | $ | 82 | $ | 155 | $ | 5,488 | ||||||||||||||||
Charge-Offs | — | (435 | ) | — | — | (65 | ) | (15 | ) | — | (515 | ) | ||||||||||||||||||||
Recoveries | 4 | 9 | 379 | 148 | 71 | 3 | — | 614 | ||||||||||||||||||||||||
Provision | (143 | ) | 76 | (312 | ) | 200 | (2 | ) | (27 | ) | 208 | — | ||||||||||||||||||||
Ending balance | $ | 893 | $ | 1,875 | $ | 1,404 | $ | 903 | $ | 106 | $ | 43 | $ | 363 | $ | 5,587 | ||||||||||||||||
Ending balance: Individually evaluated for impairment | $ | 63 | $ | 243 | $ | 280 | $ | 414 | $ | — | $ | — | $ | — | $ | 1,000 | ||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 830 | $ | 1,632 | $ | 1,124 | $ | 489 | $ | 106 | $ | 43 | $ | 363 | $ | 4,587 | ||||||||||||||||
Financing receivables: | ||||||||||||||||||||||||||||||||
Ending balance | $ | 38,613 | $ | 222,665 | $ | 158,484 | $ | 29,708 | $ | 13,296 | $ | 2,302 | $ | — | $ | 465,068 | ||||||||||||||||
Ending balance individually evaluated for impairment | $ | 2,828 | $ | 3,648 | $ | 4,417 | $ | 1,736 | $ | — | $ | — | $ | — | $ | 12,629 | ||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 35,785 | $ | 219,017 | $ | 154,067 | $ | 27,972 | $ | 13,296 | $ | 2,302 | $ | — | $ | 452,439 | ||||||||||||||||
As of and for the Twelve Months Ended | ||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Construction | Residential | Commercial | Commercial | Consumer | All Other | Unallocated | Total | |||||||||||||||||||||||||
and Farmland | Real Estate | Real Estate | Loans | |||||||||||||||||||||||||||||
Allowance for credit losses: | ||||||||||||||||||||||||||||||||
Beginning Balance | $ | 1,280 | $ | 2,820 | $ | 1,182 | $ | 880 | $ | 107 | $ | 122 | $ | 186 | $ | 6,577 | ||||||||||||||||
Charge-Offs | (20 | ) | (507 | ) | (289 | ) | (403 | ) | (85 | ) | (18 | ) | — | (1,322 | ) | |||||||||||||||||
Recoveries | 5 | 109 | 7 | 47 | 54 | 11 | — | 233 | ||||||||||||||||||||||||
Provision | (233 | ) | (197 | ) | 437 | 31 | 26 | (33 | ) | (31 | ) | — | ||||||||||||||||||||
Ending balance | $ | 1,032 | $ | 2,225 | $ | 1,337 | $ | 555 | $ | 102 | $ | 82 | $ | 155 | $ | 5,488 | ||||||||||||||||
Ending balance: Individually evaluated for impairment | $ | 218 | $ | 627 | $ | 299 | $ | 334 | $ | — | $ | — | $ | — | $ | 1,478 | ||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 814 | $ | 1,598 | $ | 1,038 | $ | 221 | $ | 102 | $ | 82 | $ | 155 | $ | 4,010 | ||||||||||||||||
Financing receivables: | ||||||||||||||||||||||||||||||||
Ending balance | $ | 36,933 | $ | 221,483 | $ | 148,166 | $ | 20,865 | $ | 13,785 | $ | 3,041 | $ | — | $ | 444,273 | ||||||||||||||||
Ending balance individually evaluated for impairment | $ | 2,674 | $ | 4,922 | $ | 4,750 | $ | 1,347 | $ | — | $ | 6 | $ | — | $ | 13,699 | ||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 34,259 | $ | 216,561 | $ | 143,416 | $ | 19,518 | $ | 13,785 | $ | 3,035 | $ | — | $ | 430,574 | ||||||||||||||||
Impaired Loans By Class | ' | |||||||||||||||||||||||||||||||
Impaired loans by class at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||||||||||||||
As of | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Unpaid | Recorded | Related | Average | Interest | ||||||||||||||||||||||||||||
Principal | Investment | Allowance | Recorded | Income | ||||||||||||||||||||||||||||
Balance | Investment | Recognized | ||||||||||||||||||||||||||||||
With no related allowance: | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 480 | $ | 481 | $ | — | $ | 520 | $ | 6 | ||||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 2,237 | 2,237 | — | 2,558 | 31 | |||||||||||||||||||||||||||
Non-owner occupied | 858 | 859 | — | 1,083 | 31 | |||||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial | 2,472 | 2,483 | — | 2,505 | 74 | |||||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity lines | 140 | 140 | — | 312 | 1 | |||||||||||||||||||||||||||
Single family | 2,701 | 2,702 | — | 4,320 | 82 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | |||||||||||||||||||||||||||
Other Loans | — | — | — | — | — | |||||||||||||||||||||||||||
$ | 8,888 | $ | 8,902 | $ | — | $ | 11,298 | $ | 225 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 1,256 | $ | 1,256 | $ | 414 | $ | 1,550 | $ | 3 | ||||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 461 | 461 | 34 | 462 | 11 | |||||||||||||||||||||||||||
Non-owner occupied | 861 | 861 | 246 | 880 | 9 | |||||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial | 356 | 356 | 63 | 395 | 3 | |||||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity lines | 189 | 189 | 113 | 338 | 2 | |||||||||||||||||||||||||||
Single family | 618 | 620 | 130 | 630 | 18 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | |||||||||||||||||||||||||||
Other Loans | — | — | — | — | — | |||||||||||||||||||||||||||
$ | 3,741 | $ | 3,743 | $ | 1,000 | $ | 4,255 | $ | 46 | |||||||||||||||||||||||
Total: | ||||||||||||||||||||||||||||||||
Commercial | $ | 1,736 | $ | 1,737 | $ | 414 | $ | 2,070 | $ | 9 | ||||||||||||||||||||||
Commercial Real Estate | 4,417 | 4,418 | 280 | 4,983 | 82 | |||||||||||||||||||||||||||
Construction and Farmland | 2,828 | 2,839 | 63 | 2,900 | 77 | |||||||||||||||||||||||||||
Residential | 3,648 | 3,651 | 243 | 5,600 | 103 | |||||||||||||||||||||||||||
Other | — | — | — | — | — | |||||||||||||||||||||||||||
Total | $ | 12,629 | $ | 12,645 | $ | 1,000 | $ | 15,553 | $ | 271 | ||||||||||||||||||||||
The average recorded investment of impaired loans for the three months ended September 30, 2014 was $15.3 million. The interest income recognized on impaired loans for the three months ended September 30, 2014 was $83 thousand. | ||||||||||||||||||||||||||||||||
As of | ||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
Unpaid | Recorded | Related | Average | Interest | ||||||||||||||||||||||||||||
Principal | Investment | Allowance | Recorded | Income | ||||||||||||||||||||||||||||
Balance | Investment | Recognized | ||||||||||||||||||||||||||||||
With no related allowance: | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 126 | $ | 145 | $ | — | $ | 329 | $ | 8 | ||||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 2,246 | 2,273 | — | 2,512 | 118 | |||||||||||||||||||||||||||
Non-owner occupied | 1,396 | 1,398 | — | 1,498 | 91 | |||||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial | 2,392 | 2,401 | — | 2,420 | 97 | |||||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity lines | 289 | 290 | — | 460 | 16 | |||||||||||||||||||||||||||
Single family | 3,060 | 3,100 | — | 3,531 | 146 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | |||||||||||||||||||||||||||
Other Loans | 6 | 6 | — | 7 | 1 | |||||||||||||||||||||||||||
$ | 9,515 | $ | 9,613 | $ | — | $ | 10,757 | $ | 477 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 1,221 | $ | 1,221 | $ | 334 | $ | 1,271 | $ | 59 | ||||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | — | — | — | — | — | |||||||||||||||||||||||||||
Non-owner occupied | 1,108 | 1,111 | 299 | 1,126 | 49 | |||||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial | 282 | 283 | 218 | 308 | 18 | |||||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity lines | 74 | 74 | 74 | 217 | 7 | |||||||||||||||||||||||||||
Single family | 1,499 | 1,508 | 553 | 1,530 | 71 | |||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | |||||||||||||||||||||||||||
Other Loans | — | — | — | — | — | |||||||||||||||||||||||||||
$ | 4,184 | $ | 4,197 | $ | 1,478 | $ | 4,452 | $ | 204 | |||||||||||||||||||||||
Total: | ||||||||||||||||||||||||||||||||
Commercial | $ | 1,347 | $ | 1,366 | $ | 334 | $ | 1,600 | $ | 67 | ||||||||||||||||||||||
Commercial Real Estate | 4,750 | 4,782 | 299 | 5,136 | 258 | |||||||||||||||||||||||||||
Construction and Farmland | 2,674 | 2,684 | 218 | 2,728 | 115 | |||||||||||||||||||||||||||
Residential | 4,922 | 4,972 | 627 | 5,738 | 240 | |||||||||||||||||||||||||||
Other | 6 | 6 | — | 7 | 1 | |||||||||||||||||||||||||||
Total | $ | 13,699 | $ | 13,810 | $ | 1,478 | $ | 15,209 | $ | 681 | ||||||||||||||||||||||
Credit Quality Information By Class | ' | |||||||||||||||||||||||||||||||
Credit quality information by class at September 30, 2014 and December 31, 2013 was as follows: | ||||||||||||||||||||||||||||||||
As of | ||||||||||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
INTERNAL RISK RATING GRADES | Pass | Watch | Special | Substandard | Doubtful | Loss | Total | |||||||||||||||||||||||||
Mention | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 25,375 | $ | 2,284 | $ | 22 | $ | 772 | $ | 1,255 | $ | — | $ | 29,708 | ||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 76,373 | 17,682 | 834 | 3,678 | 1,183 | — | 99,750 | |||||||||||||||||||||||||
Non-owner occupied | 39,631 | 12,895 | 2,911 | 3,248 | 49 | — | 58,734 | |||||||||||||||||||||||||
Construction and Farmland: | ||||||||||||||||||||||||||||||||
Residential | 5,715 | 122 | — | — | — | — | 5,837 | |||||||||||||||||||||||||
Commercial | 26,037 | 3,501 | 871 | 2,287 | 80 | — | 32,776 | |||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity Lines | 29,426 | 1,207 | — | 150 | 150 | — | 30,933 | |||||||||||||||||||||||||
Single family | 162,760 | 15,314 | 5,702 | 4,330 | 576 | — | 188,682 | |||||||||||||||||||||||||
Multifamily | 2,166 | 884 | — | — | — | — | 3,050 | |||||||||||||||||||||||||
All other loans | 2,302 | — | — | — | — | — | 2,302 | |||||||||||||||||||||||||
Total | $ | 369,785 | $ | 53,889 | $ | 10,340 | $ | 14,465 | $ | 3,293 | $ | — | $ | 451,772 | ||||||||||||||||||
Performing | Nonperforming | |||||||||||||||||||||||||||||||
Consumer Credit Exposure by Payment Activity | $ | 13,234 | $ | 62 | ||||||||||||||||||||||||||||
As of | ||||||||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||||||||||
INTERNAL RISK RATING GRADES | Pass | Watch | Special | Substandard | Doubtful | Loss | Total | |||||||||||||||||||||||||
Mention | ||||||||||||||||||||||||||||||||
Commercial - Non Real Estate: | ||||||||||||||||||||||||||||||||
Commercial & Industrial | $ | 16,565 | $ | 2,820 | $ | 86 | $ | 106 | $ | 1,288 | $ | — | $ | 20,865 | ||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||||||||||||||
Owner Occupied | 73,998 | 12,036 | 3,322 | 1,820 | 1,269 | — | 92,445 | |||||||||||||||||||||||||
Non-owner occupied | 31,484 | 14,922 | 5,557 | 3,758 | — | — | 55,721 | |||||||||||||||||||||||||
Construction and Farm land: | ||||||||||||||||||||||||||||||||
Residential | 7,738 | 122 | — | — | — | — | 7,860 | |||||||||||||||||||||||||
Commercial | 24,252 | 1,353 | 1,196 | 2,186 | 86 | — | 29,073 | |||||||||||||||||||||||||
Residential: | ||||||||||||||||||||||||||||||||
Equity Lines | 30,458 | 708 | 415 | 480 | 163 | — | 32,224 | |||||||||||||||||||||||||
Single family | 157,273 | 11,505 | 11,046 | 5,775 | 810 | — | 186,409 | |||||||||||||||||||||||||
Multifamily | 1,946 | 904 | — | — | — | — | 2,850 | |||||||||||||||||||||||||
All other loans | 3,041 | — | — | — | — | — | 3,041 | |||||||||||||||||||||||||
Total | $ | 346,755 | $ | 44,370 | $ | 21,622 | $ | 14,125 | $ | 3,616 | $ | — | $ | 430,488 | ||||||||||||||||||
Performing | Nonperforming | |||||||||||||||||||||||||||||||
Consumer Credit Exposure by Payment Activity | $ | 13,670 | $ | 115 | ||||||||||||||||||||||||||||
Troubled_Debt_Restructurings_T
Troubled Debt Restructurings (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Troubled Debt Restructuring Note, Debtor [Abstract] | ' | ||||||||||
Schedule Of Troubled Debt Restructurings On Financing Receivables | ' | ||||||||||
The following tables and narrative set forth information on the Company’s troubled debt restructurings by class of financing receivable occurring during the three and nine months ended September 30, 2014 and September 30, 2013: | |||||||||||
Three Months Ended | |||||||||||
30-Sep-14 | |||||||||||
(in thousands) | |||||||||||
Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||
Contracts | |||||||||||
Commercial - Non Real Estate: | |||||||||||
Commercial & Industrial | 1 | $ | 289 | $ | 289 | ||||||
Residential: | |||||||||||
Equity | 1 | 69 | 69 | ||||||||
Single family | 1 | 652 | 350 | ||||||||
3 | $ | 1,010 | $ | 708 | |||||||
Three Months Ended | |||||||||||
30-Sep-13 | |||||||||||
(in thousands) | |||||||||||
Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||
Contracts | |||||||||||
Commercial Real Estate: | |||||||||||
Owner Occupied | 1 | $ | 514 | $ | 368 | ||||||
Construction and Farmland: | |||||||||||
Commercial | 1 | 87 | 87 | ||||||||
Residential: | |||||||||||
Single family | 5 | 1,197 | 1,197 | ||||||||
7 | $ | 1,798 | $ | 1,652 | |||||||
Nine Months Ended | |||||||||||
30-Sep-14 | |||||||||||
(in thousands) | |||||||||||
Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||
Contracts | |||||||||||
Commercial - Non Real Estate: | |||||||||||
Commercial & Industrial | 1 | $ | 289 | $ | 289 | ||||||
Residential: | |||||||||||
Equity | 1 | 69 | 69 | ||||||||
Single family | 1 | 652 | 350 | ||||||||
Total | 3 | $ | 1,010 | $ | 708 | ||||||
Nine Months Ended | |||||||||||
30-Sep-13 | |||||||||||
(in thousands) | |||||||||||
Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||
Contracts | |||||||||||
Commercial Real Estate: | |||||||||||
Owner Occupied | 1 | $ | 514 | $ | 368 | ||||||
Construction and Farmland: | |||||||||||
Commercial | 1 | 87 | 87 | ||||||||
Residential: | |||||||||||
Equity | 1 | 184 | 184 | ||||||||
Single family | 5 | 1,197 | 1,197 | ||||||||
Total | 8 | $ | 1,982 | $ | 1,836 | ||||||
Loans By Class Of Financing Receivable Modified As TDRs | ' | ||||||||||
Loans by class of financing receivable modified as TDRs within the previous 12 months and for which there was a payment default during the stated periods were: | |||||||||||
Three Months Ended | |||||||||||
30-Sep-14 | |||||||||||
(in thousands) | |||||||||||
Number of | Recorded | ||||||||||
Contracts | Investment | ||||||||||
Construction and Farmland: | |||||||||||
Commercial | 2 | $ | 1,608 | ||||||||
Total | 2 | $ | 1,608 | ||||||||
Three Months Ended | |||||||||||
30-Sep-13 | |||||||||||
(in thousands) | |||||||||||
Number of | Recorded | ||||||||||
Contracts | Investment | ||||||||||
Commercial Real Estate: | |||||||||||
Owner occupied | 2 | $ | 495 | ||||||||
Non-owner occupied | 1 | 557 | |||||||||
Residential: | |||||||||||
Single Family | 4 | 946 | |||||||||
Total | 7 | $ | 1,998 | ||||||||
Nine Months Ended | |||||||||||
30-Sep-14 | |||||||||||
(in thousands) | |||||||||||
Number of | Recorded | ||||||||||
Contracts | Investment | ||||||||||
Construction and Farmland: | |||||||||||
Commercial | 2 | $ | 1,608 | ||||||||
Total | 2 | $ | 1,608 | ||||||||
Nine Months Ended | |||||||||||
30-Sep-13 | |||||||||||
(in thousands) | |||||||||||
Number of | Recorded | ||||||||||
Contracts | Investment | ||||||||||
Commercial Real Estate: | |||||||||||
Owner occupied | 3 | $ | 654 | ||||||||
Non-owner occupied | 1 | 557 | |||||||||
Residential: | |||||||||||
Single family | 4 | 946 | |||||||||
Total | 8 | $ | 2,157 | ||||||||
Deposits_Tables
Deposits (Tables) | 9 Months Ended | |||||||
Sep. 30, 2014 | ||||||||
Deposits [Abstract] | ' | |||||||
Composition Of Deposits | ' | |||||||
The composition of deposits at September 30, 2014 and December 31, 2013 was as follows: | ||||||||
30-Sep-14 | 31-Dec-13 | |||||||
(in thousands) | ||||||||
Noninterest bearing demand deposits | $ | 151,961 | $ | 147,698 | ||||
Savings and interest bearing demand deposits: | ||||||||
NOW accounts | $ | 79,895 | $ | 85,459 | ||||
Money market accounts | 99,057 | 92,125 | ||||||
Regular savings accounts | 69,784 | 63,165 | ||||||
$ | 248,736 | $ | 240,749 | |||||
Time deposits: | ||||||||
Balances of less than $100,000 | $ | 60,084 | $ | 63,221 | ||||
Balances of $100,000 and more | 34,355 | 35,919 | ||||||
$ | 94,439 | $ | 99,140 | |||||
$ | 495,136 | $ | 487,587 | |||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis | ' | |||||||||||||||||||
The following table presents balances of financial assets and liabilities measured at fair value on a recurring basis at September 30, 2014 and December 31, 2013: | ||||||||||||||||||||
Fair Value Measurements at | ||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||
Using | ||||||||||||||||||||
Balance as of | Quoted Prices | Significant | Significant | |||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | |||||||||||||||||||
Assets | ||||||||||||||||||||
September 30, 2014 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Securities available for sale | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 36,772 | $ | — | $ | 36,772 | $ | — | ||||||||||||
Mortgage-backed securities | 13,260 | — | 13,260 | — | ||||||||||||||||
Obligations of states and political subdivisions | 40,810 | — | 40,810 | — | ||||||||||||||||
Corporate securities | 7,019 | — | 7,019 | — | ||||||||||||||||
Equity securities: | ||||||||||||||||||||
Bank preferred stock | 1,161 | 1,161 | — | — | ||||||||||||||||
Total assets at fair value | $ | 99,022 | $ | 1,161 | $ | 97,861 | $ | — | ||||||||||||
Liabilities: | ||||||||||||||||||||
Interest rate swap | 314 | — | 314 | — | ||||||||||||||||
Total liabilities at fair value | $ | 314 | $ | — | $ | 314 | $ | — | ||||||||||||
Fair Value Measurements at | ||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||
Using | ||||||||||||||||||||
Balance as of | Quoted Prices | Significant | Significant | |||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | |||||||||||||||||||
Assets | ||||||||||||||||||||
December 31, 2013 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
Assets: | ||||||||||||||||||||
Securities available for sale | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 34,744 | $ | — | $ | 34,744 | $ | — | ||||||||||||
Mortgage-backed securities | 15,197 | — | 15,197 | — | ||||||||||||||||
Obligations of states and political subdivisions | 43,116 | — | 43,116 | — | ||||||||||||||||
Corporate securities | 8,423 | — | 8,423 | — | ||||||||||||||||
Equity securities: | ||||||||||||||||||||
Bank preferred stock | 1,118 | 1,118 | — | — | ||||||||||||||||
Total assets at fair value | $ | 102,598 | $ | 1,118 | $ | 101,480 | $ | — | ||||||||||||
Liabilities: | ||||||||||||||||||||
Interest rate swap | 434 | — | 434 | — | ||||||||||||||||
Total liabilities at fair value | $ | 434 | $ | — | $ | 434 | $ | — | ||||||||||||
Quantitative Information About Level 3 Fair Value Measurements For Certain Financial Assets | ' | |||||||||||||||||||
The following table displays quantitative information about Level 3 Fair Value Measurements for certain financial assets measured at fair value on a nonrecurring basis at September 30, 2014 (dollars in thousands): | ||||||||||||||||||||
Quantitative information about Level 3 Fair Value Measurements for | ||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||
Valuation Technique(s) | Unobservable Input | Range | Weighted Average | |||||||||||||||||
Assets: | ||||||||||||||||||||
Impaired loans | Discounted appraised value | Selling cost | 12% - 60% | 14% | ||||||||||||||||
Other real estate owned | Discounted appraised value | Selling cost | 5% - 10% | 8% | ||||||||||||||||
Financial And Nonfinancial Assets Measured At Fair Value On A Nonrecurring Basis | ' | |||||||||||||||||||
The following table summarizes the Company’s financial and nonfinancial assets that were measured at fair value on a nonrecurring basis at September 30, 2014 and December 31, 2013: | ||||||||||||||||||||
Carrying value at | ||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||
Balance as of | Identical | Observable | Unobservable | |||||||||||||||||
Assets | Inputs | Inputs | ||||||||||||||||||
September 30, 2014 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Impaired loans | $ | 2,741 | $ | — | $ | 435 | $ | 2,306 | ||||||||||||
Nonfinancial Assets: | ||||||||||||||||||||
Other real estate owned | 1,644 | 638 | 668 | 338 | ||||||||||||||||
Carrying value at | ||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||
Balance as of | Quoted Prices | Significant | Significant | |||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | |||||||||||||||||||
Assets | ||||||||||||||||||||
December 31, 2013 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Impaired loans | $ | 2,706 | $ | — | $ | 1,299 | $ | 1,407 | ||||||||||||
Nonfinancial Assets: | ||||||||||||||||||||
Other real estate owned | 1,646 | 638 | 1,008 | — | ||||||||||||||||
Level 3 Financial Assets Measured At Estimated Fair Value On Nonrecurring Basis | ' | |||||||||||||||||||
The changes in Level 3 financial assets measured at estimated fair value on a nonrecurring basis during the period ended September 30, 2014 were as follows: | ||||||||||||||||||||
Fair Value Measurements at | ||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||
Impaired | Other Real | |||||||||||||||||||
Loans | Estate Owned | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Balance - January 1, 2014 | $ | 1,407 | $ | — | ||||||||||||||||
Sales proceeds | — | — | ||||||||||||||||||
Valuation allowance | — | — | ||||||||||||||||||
(Loss) on disposition | — | — | ||||||||||||||||||
Transfers into Level 3 | 1,740 | 488 | ||||||||||||||||||
Transfers out of Level 3 | (841 | ) | (150 | ) | ||||||||||||||||
Total assets at fair value | $ | 2,306 | $ | 338 | ||||||||||||||||
Company's Financial Instruments | ' | |||||||||||||||||||
The carrying value and fair value of the Company’s financial instruments at September 30, 2014 and December 31, 2013 were as follows: | ||||||||||||||||||||
Fair Value Measurements at | ||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||
Using | ||||||||||||||||||||
Carrying Value as of | Quoted Prices | Significant | Significant | Fair Value as of | ||||||||||||||||
in Active | Other | Unobservable | ||||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | |||||||||||||||||||
Assets | ||||||||||||||||||||
September 30, 2014 | (Level 1) | (Level 2) | (Level 3) | September 30, 2014 | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Cash and short-term investments | $ | 15,338 | $ | 15,338 | $ | — | $ | — | $ | 15,338 | ||||||||||
Securities | 99,022 | 1,161 | 97,861 | — | 99,022 | |||||||||||||||
Restricted Investments | 2,358 | — | 2,358 | — | 2,358 | |||||||||||||||
Loans, net | 459,481 | — | 463,470 | 2,306 | 465,776 | |||||||||||||||
Accrued interest receivable | 1,850 | — | 1,850 | — | 1,850 | |||||||||||||||
Financial Liabilities: | ||||||||||||||||||||
Deposits | $ | 495,136 | $ | — | $ | 495,235 | $ | — | $ | 495,235 | ||||||||||
Federal Home Loan Bank advances | 30,000 | — | 30,249 | — | 30,249 | |||||||||||||||
Trust preferred capital notes | 7,217 | — | 7,217 | — | 7,217 | |||||||||||||||
Accrued interest payable | 155 | — | 155 | — | 155 | |||||||||||||||
Interest rate swap contract | 314 | — | 314 | — | 314 | |||||||||||||||
Fair Value Measurements at | ||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||
Using | ||||||||||||||||||||
Carrying Value | Quoted Prices | Significant | Significant | Fair Value as of | ||||||||||||||||
as of | in Active | Other | Unobservable | |||||||||||||||||
Markets for | Observable | Inputs | ||||||||||||||||||
Identical | Inputs | |||||||||||||||||||
Assets | ||||||||||||||||||||
December 31, 2013 | (Level 1) | (Level 2) | (Level 3) | 31-Dec-13 | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Financial assets: | ||||||||||||||||||||
Cash and short-term investments | $ | 14,243 | $ | 14,243 | $ | — | $ | — | $ | 14,243 | ||||||||||
Securities | 102,598 | 1,118 | 101,480 | — | 102,598 | |||||||||||||||
Restricted Investments | 2,192 | — | 2,192 | — | 2,192 | |||||||||||||||
Loans, net | 438,785 | — | 446,329 | 1,407 | 447,736 | |||||||||||||||
Accrued interest receivable | 1,797 | — | 1,797 | — | 1,797 | |||||||||||||||
Financial liabilities: | ||||||||||||||||||||
Deposits | $ | 487,587 | $ | — | $ | 488,074 | $ | — | $ | 488,074 | ||||||||||
Federal Home Loan Bank advances | 22,250 | — | 22,214 | — | 22,214 | |||||||||||||||
Trust preferred capital notes | 7,217 | — | 7,217 | — | 7,217 | |||||||||||||||
Accrued interest payable | 165 | — | 165 | — | 165 | |||||||||||||||
Interest rate swap contract | 434 | — | 434 | — | 434 | |||||||||||||||
Derivative_Instruments_And_Hed1
Derivative Instruments And Hedging Activities (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
General Discussion of Derivative Instruments and Hedging Activities [Abstract] | ' | |||||||||||||||||
Summary Of Fair Value Of Derivative Instruments | ' | |||||||||||||||||
The following table summarizes the fair value of derivative instruments at September 30, 2014 and December 31, 2013: | ||||||||||||||||||
30-Sep-14 | 31-Dec-13 | |||||||||||||||||
Balance Sheet | Fair | Balance Sheet | Fair | |||||||||||||||
Location | Value | Location | Value | |||||||||||||||
(dollars in thousands) | ||||||||||||||||||
Derivatives designated as hedging instruments under GAAP | ||||||||||||||||||
Interest rate swap contracts | Other Liabilities | $ | 314 | Other Liabilities | $ | 434 | ||||||||||||
Effect Of The Derivative Instrument On The Consolidated Balance Sheet, Consolidated Statements Of Income | ' | |||||||||||||||||
The following tables present the effect of the derivative instrument on the Consolidated Balance Sheet at September 30, 2014 and 2013 and the Consolidated Statements of Income for the three and nine months ended September 30, 2014 and 2013: | ||||||||||||||||||
Three Months Ended | ||||||||||||||||||
September 30, | ||||||||||||||||||
Derivatives in GAAP | Amount of Gain (Loss) | Location of Gain (Loss) | Amount of Gain (Loss) | |||||||||||||||
Cash Flow Hedging | Recognized in OCI | Recognized in Income | Recognized in Income | |||||||||||||||
Relationships | on Derivative | (Ineffective Portion) | (Ineffective Portion) | |||||||||||||||
(Effective Portion) | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
(dollars in thousands) | (dollars in thousands) | |||||||||||||||||
Interest rate swap contracts, net of tax | $ | 41 | $ | 1 | Not applicable | $ | — | $ | — | |||||||||
Nine Months Ended | ||||||||||||||||||
September 30, | ||||||||||||||||||
Derivatives in GAAP | Amount of Gain (Loss) | Location of Gain (Loss) | Amount of Gain (Loss) | |||||||||||||||
Cash Flow Hedging | Recognized in OCI | Recognized in Income | Recognized in Income | |||||||||||||||
Relationships | on Derivative | (Ineffective Portion) | (Ineffective Portion) | |||||||||||||||
(Effective Portion) | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
(dollars in thousands) | (dollars in thousands) | |||||||||||||||||
Interest rate swap contracts, net of tax | $ | 79 | $ | 109 | Not applicable | $ | — | $ | — | |||||||||
Change_in_Accumulated_Other_Co1
Change in Accumulated Other Comprehensive Income (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ||||||||||||||||||||||||
Changes To Accumulated Other Comprehensive Income By Components | ' | ||||||||||||||||||||||||
Changes to accumulated other comprehensive income by components are shown in the following tables for the periods indicated: | |||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Unrealized Gains and Losses on Available for Sale Securities | Change in Fair Value of Interest Rate Swap | Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan | Total | Unrealized Gains and Losses on Available for Sale Securities | Change in Fair Value of Interest Rate Swap | Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan | Total | ||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
1-Jul | $ | 1,766 | $ | (248 | ) | $ | 44 | $ | 1,562 | $ | 1,316 | $ | (311 | ) | $ | 43 | $ | 1,048 | |||||||
Other comprehensive income (loss) before reclassifications | (28 | ) | 63 | — | 35 | (355 | ) | 1 | — | (354 | ) | ||||||||||||||
Reclassifications from other comprehensive income (loss) | (87 | ) | — | — | (87 | ) | — | — | — | — | |||||||||||||||
Tax effect of current period changes | 39 | (22 | ) | — | 17 | 120 | — | — | 120 | ||||||||||||||||
Current period changes net of taxes | (76 | ) | 41 | — | (35 | ) | (235 | ) | 1 | — | (234 | ) | |||||||||||||
September 30 | $ | 1,690 | $ | (207 | ) | $ | 44 | $ | 1,527 | $ | 1,081 | $ | (310 | ) | $ | 43 | $ | 814 | |||||||
Nine Months Ended | |||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Unrealized Gains and Losses on Available for Sale Securities | Change in Fair Value of Interest Rate Swap | Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan | Total | Unrealized Gains and Losses on Available for Sale Securities | Change in Fair Value of Interest Rate Swap | Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan | Total | ||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
1-Jan | $ | 547 | $ | (286 | ) | $ | 44 | $ | 305 | $ | 3,824 | $ | (419 | ) | $ | 43 | $ | 3,448 | |||||||
Other comprehensive income (loss) before reclassifications | 1,824 | 120 | — | 1,944 | (3,755 | ) | 165 | — | (3,590 | ) | |||||||||||||||
Reclassifications from other comprehensive income (loss) | (93 | ) | — | — | (93 | ) | (400 | ) | — | — | (400 | ) | |||||||||||||
Tax effect of current period changes | (588 | ) | (41 | ) | — | (629 | ) | 1,412 | (56 | ) | — | 1,356 | |||||||||||||
Current period changes net of taxes | 1,143 | 79 | — | 1,222 | (2,743 | ) | 109 | — | (2,634 | ) | |||||||||||||||
September 30 | $ | 1,690 | $ | (207 | ) | $ | 44 | $ | 1,527 | $ | 1,081 | $ | (310 | ) | $ | 43 | $ | 814 | |||||||
General_Details
General (Details) | Sep. 30, 2014 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Ownership percentage in subsidiaries | 100.00% |
StockBased_Compensation_Plan_R
Stock-Based Compensation Plan (Restricted Stock Activity) (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock incentive plan, authorized common stock | 500,000 | ' |
Shares, Nonvested, beginning of period | 17,050 | 16,500 |
Shares, Granted | 14,900 | 14,900 |
Shares, Vested | -10,009 | -9,699 |
Shares, Forfeited | -2,790 | -651 |
Shares, Nonvested, end of period | 19,151 | 21,050 |
Weighted Average Grant Date Fair Value, Nonvested, beginning of period | $19.92 | $16.53 |
Weighted Average Grant Date Fair Value, Granted | $23.50 | $22.06 |
Weighted Average Grant Date Fair Value, Vested | $19.65 | $16.47 |
Weighted average Grant Date Fair Value, Forfeited | $22.11 | $16.75 |
Weighted Average Grant Date Fair Value, Nonvested, end of period | $22.53 | $20.46 |
Executive Officers [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Vesting service period of grants to executive officers | '3 years | ' |
Outside Directors [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Vesting service period of grants to executive officers | '9 months | ' |
Earnings_Per_Common_Share_Weig
Earnings Per Common Share (Weighted Average Number Of Shares Used In Computing Earnings Per Share) (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Average number of common shares outstanding | 3,451,041 | 3,393,519 | 3,431,356 | 3,380,149 |
Effect of dilutive common stock | 9,145 | 12,685 | 8,121 | 11,158 |
Average number of common shares outstanding used to calculate diluted earnings per share | 3,460,186 | 3,406,204 | 3,439,477 | 3,391,307 |
Securities_Narrative_Details
Securities (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
security | security | security | |||
Available-for-sale Securities [Abstract] | ' | ' | ' | ' | ' |
Sales and calls of securities available for sale | ' | ' | $1,129,000 | $2,756,000 | ' |
Sales and calls of securities available for sale, net gain | 87,000 | 0 | 93,000 | 400,000 | ' |
Debt securities included in gross unrealized losses on available for sale securities | 37 | ' | 37 | ' | 51 |
Carrying value of securities pledged as collateral | 3,600,000 | ' | 3,600,000 | ' | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax | $87,000 | $0 | $93,000 | $400,000 | ' |
Securities_Amortized_Costs_And
Securities (Amortized Costs And Fair Values Of Securities Available For Sale) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $96,460 | $101,767 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 3,331 | 2,832 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | -769 | -2,001 |
Securities available for sale, at fair value | 99,022 | 102,598 |
Obligations Of U.S. Government Corporations And Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 36,912 | 35,890 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 517 | 439 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | -657 | -1,585 |
Securities available for sale, at fair value | 36,772 | 34,744 |
Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 12,802 | 14,896 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 480 | 422 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | -22 | -121 |
Securities available for sale, at fair value | 13,260 | 15,197 |
Obligations Of States And Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 39,465 | 42,442 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 1,435 | 969 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | -90 | -295 |
Securities available for sale, at fair value | 40,810 | 43,116 |
Corporate Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 6,237 | 7,495 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 782 | 928 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | ' | ' |
Securities available for sale, at fair value | 7,019 | 8,423 |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 1,044 | 1,044 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 117 | 74 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | ' | ' |
Securities available for sale, at fair value | $1,161 | $1,118 |
Securities_Fair_Value_And_Gros
Securities (Fair Value And Gross Unrealized Losses For Securities Available For Sale) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | $4,231 | $34,502 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 23 | 1,924 |
Fair Value, 12 months or more | 27,212 | 2,433 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 746 | 77 |
Fair Value, Total | 31,443 | 36,935 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 769 | 2,001 |
Obligations Of U.S. Government Corporations And Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | 3,982 | 23,235 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 22 | 1,551 |
Fair Value, 12 months or more | 22,253 | 1,967 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 635 | 34 |
Fair Value, Total | 26,235 | 25,202 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 657 | 1,585 |
Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | 0 | 2,828 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 121 |
Fair Value, 12 months or more | 1,521 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 22 | ' |
Fair Value, Total | 1,521 | 2,828 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 22 | 121 |
Obligations Of States And Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | 249 | 8,439 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 1 | 252 |
Fair Value, 12 months or more | 3,438 | 466 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 89 | 43 |
Fair Value, Total | 3,687 | 8,905 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 90 | 295 |
Corporate Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | ' | ' |
Fair Value, 12 months or more | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | ' | ' |
Fair Value, Total | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | ' | ' |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less than 12 months | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | ' | ' |
Fair Value, 12 months or more | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | ' | ' |
Fair Value, Total | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | ' | ' |
Securities_Restricted_Investme
Securities (Restricted Investments) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Carrying Value Qualitative Disclosures Related To Election [Line Items] | ' | ' |
Restricted Investments | $2,358 | $2,192 |
Federal Reserve Bank Stock [Member] | ' | ' |
Carrying Value Qualitative Disclosures Related To Election [Line Items] | ' | ' |
Restricted Investments | 344 | 344 |
Federal Home Loan Bank Stock [Member] | ' | ' |
Carrying Value Qualitative Disclosures Related To Election [Line Items] | ' | ' |
Restricted Investments | 1,874 | 1,708 |
Community Bankers' Bank Stock [Member] | ' | ' |
Carrying Value Qualitative Disclosures Related To Election [Line Items] | ' | ' |
Restricted Investments | $140 | $140 |
Allowance_For_Loan_Losses_Chan
Allowance For Loan Losses (Changes In Allowance For Loan Losses) (Details) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Allowance for Loan and Lease Losses, Adjustments, Net [Abstract] | ' | ' | ' |
Beginning Balance | $5,488 | $6,577 | $6,577 |
Provision charged to operating expense | 0 | 767 | 0 |
Recoveries added to the allowance | 614 | 204 | 233 |
Loan losses charged to the allowance | -515 | -830 | -1,322 |
Ending Balance | $5,587 | $6,718 | $5,488 |
Allowance_For_Loan_Losses_Nona
Allowance For Loan Losses (Nonaccrual And Past Due Loans By Class) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
30 - 59 Days Past Due | $6,023 | $2,898 |
60 - 89 Days Past Due | 2,279 | 399 |
90 or More Days Past Due | 2,125 | 3,136 |
Total Past Due | 10,427 | 6,433 |
Current | 454,641 | 437,840 |
Total Loans | 465,068 | 444,273 |
90 or More Days Past Due Still Accruing | 16 | 11 |
Nonaccrual Loans | 8,628 | 4,412 |
Commercial - Non Real Estate Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
30 - 59 Days Past Due | 43 | 143 |
60 - 89 Days Past Due | 1,053 | 0 |
90 or More Days Past Due | 100 | 1,162 |
Total Past Due | 1,196 | 1,305 |
Current | 28,512 | 19,560 |
Total Loans | 29,708 | 20,865 |
90 or More Days Past Due Still Accruing | 0 | ' |
Nonaccrual Loans | 1,736 | 1,288 |
Commercial Real Estate Owner Occupied [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
30 - 59 Days Past Due | 3,276 | 364 |
60 - 89 Days Past Due | 739 | 0 |
90 or More Days Past Due | 608 | 1,270 |
Total Past Due | 4,623 | 1,634 |
Current | 95,127 | 90,811 |
Total Loans | 99,750 | 92,445 |
90 or More Days Past Due Still Accruing | ' | ' |
Nonaccrual Loans | 2,485 | 1,269 |
Commercial Real Estate Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
30 - 59 Days Past Due | 631 | 99 |
60 - 89 Days Past Due | 0 | 185 |
90 or More Days Past Due | 813 | ' |
Total Past Due | 1,444 | 284 |
Current | 57,290 | 55,437 |
Total Loans | 58,734 | 55,721 |
90 or More Days Past Due Still Accruing | ' | ' |
Nonaccrual Loans | 1,243 | 185 |
Construction And Farmland Residential [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
30 - 59 Days Past Due | 0 | ' |
60 - 89 Days Past Due | 0 | ' |
90 or More Days Past Due | 0 | ' |
Total Past Due | 0 | ' |
Current | 5,837 | 7,860 |
Total Loans | 5,837 | 7,860 |
90 or More Days Past Due Still Accruing | ' | ' |
Construction And Farmland Commercial [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
30 - 59 Days Past Due | 424 | 0 |
60 - 89 Days Past Due | 16 | 0 |
90 or More Days Past Due | 80 | ' |
Total Past Due | 520 | 0 |
Current | 32,256 | 29,073 |
Total Loans | 32,776 | 29,073 |
90 or More Days Past Due Still Accruing | 16 | ' |
Nonaccrual Loans | 462 | 157 |
Consumer Installment [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
30 - 59 Days Past Due | 60 | 95 |
60 - 89 Days Past Due | 2 | 9 |
90 or More Days Past Due | 0 | 11 |
Total Past Due | 62 | 115 |
Current | 13,234 | 13,670 |
Total Loans | 13,296 | 13,785 |
90 or More Days Past Due Still Accruing | 0 | 11 |
Nonaccrual Loans | ' | 6 |
Residential Equity Lines [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
30 - 59 Days Past Due | 63 | 202 |
60 - 89 Days Past Due | 121 | 25 |
90 or More Days Past Due | 179 | ' |
Total Past Due | 363 | 227 |
Current | 30,570 | 31,997 |
Total Loans | 30,933 | 32,224 |
90 or More Days Past Due Still Accruing | 0 | ' |
Nonaccrual Loans | 329 | 179 |
Residential Single Family [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
30 - 59 Days Past Due | 1,526 | 1,995 |
60 - 89 Days Past Due | 348 | 180 |
90 or More Days Past Due | 345 | 693 |
Total Past Due | 2,219 | 2,868 |
Current | 186,463 | 183,541 |
Total Loans | 188,682 | 186,409 |
90 or More Days Past Due Still Accruing | ' | 0 |
Nonaccrual Loans | 2,373 | 1,328 |
Residential Multifamily [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Current | 3,050 | 2,850 |
Total Loans | 3,050 | 2,850 |
90 or More Days Past Due Still Accruing | ' | ' |
All Other Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Current | 2,302 | 3,041 |
Total Loans | 2,302 | 3,041 |
90 or More Days Past Due Still Accruing | ' | ' |
Allowance_For_Loan_Losses_Allo
Allowance For Loan Losses (Allowance For Loan Losses By Segment) (Details) (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Beginning Balance | $5,488 | $6,577 | $6,577 |
Charge-Offs | -515 | -830 | -1,322 |
Recoveries | 614 | 204 | 233 |
Provision | 0 | 767 | 0 |
Ending Balance | 5,587 | 6,718 | 5,488 |
Ending balance: Individually evaluated for impairment | 1,000 | ' | 1,478 |
Ending balance: collectively evaluated for impairment | 4,587 | ' | 4,010 |
Financing receivables Ending Balance | 465,068 | ' | 444,273 |
Ending balance individually evaluated for impairment | 12,629 | ' | 13,699 |
Ending balance collectively evaluated for impairment | 452,439 | ' | 430,574 |
Construction And Farmland [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Beginning Balance | 1,032 | 1,280 | 1,280 |
Charge-Offs | ' | ' | -20 |
Recoveries | 4 | ' | 5 |
Provision | -143 | ' | -233 |
Ending Balance | 893 | ' | 1,032 |
Ending balance: Individually evaluated for impairment | 63 | ' | 218 |
Ending balance: collectively evaluated for impairment | 830 | ' | 814 |
Financing receivables Ending Balance | 38,613 | ' | 36,933 |
Ending balance individually evaluated for impairment | 2,828 | ' | 2,674 |
Ending balance collectively evaluated for impairment | 35,785 | ' | 34,259 |
Residential Real Estate [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Beginning Balance | 2,225 | 2,820 | 2,820 |
Charge-Offs | -435 | ' | -507 |
Recoveries | 9 | ' | 109 |
Provision | 76 | ' | -197 |
Ending Balance | 1,875 | ' | 2,225 |
Ending balance: Individually evaluated for impairment | 243 | ' | 627 |
Ending balance: collectively evaluated for impairment | 1,632 | ' | 1,598 |
Financing receivables Ending Balance | 222,665 | ' | 221,483 |
Ending balance individually evaluated for impairment | 3,648 | ' | 4,922 |
Ending balance collectively evaluated for impairment | 219,017 | ' | 216,561 |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Beginning Balance | 1,337 | 1,182 | 1,182 |
Charge-Offs | ' | ' | -289 |
Recoveries | 379 | ' | 7 |
Provision | -312 | ' | 437 |
Ending Balance | 1,404 | ' | 1,337 |
Ending balance: Individually evaluated for impairment | 280 | ' | 299 |
Ending balance: collectively evaluated for impairment | 1,124 | ' | 1,038 |
Financing receivables Ending Balance | 158,484 | ' | 148,166 |
Ending balance individually evaluated for impairment | 4,417 | ' | 4,750 |
Ending balance collectively evaluated for impairment | 154,067 | ' | 143,416 |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Beginning Balance | 555 | 880 | 880 |
Charge-Offs | 0 | ' | -403 |
Recoveries | 148 | ' | 47 |
Provision | 200 | ' | 31 |
Ending Balance | 903 | ' | 555 |
Ending balance: Individually evaluated for impairment | 414 | ' | 334 |
Ending balance: collectively evaluated for impairment | 489 | ' | 221 |
Financing receivables Ending Balance | 29,708 | ' | 20,865 |
Ending balance individually evaluated for impairment | 1,736 | ' | 1,347 |
Ending balance collectively evaluated for impairment | 27,972 | ' | 19,518 |
Consumer [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Beginning Balance | 102 | 107 | 107 |
Charge-Offs | -65 | ' | -85 |
Recoveries | 71 | ' | 54 |
Provision | -2 | ' | 26 |
Ending Balance | 106 | ' | 102 |
Ending balance: collectively evaluated for impairment | 106 | ' | 102 |
Financing receivables Ending Balance | 13,296 | ' | 13,785 |
Ending balance collectively evaluated for impairment | 13,296 | ' | 13,785 |
All Other Loans [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Beginning Balance | 82 | 122 | 122 |
Charge-Offs | -15 | ' | -18 |
Recoveries | 3 | ' | 11 |
Provision | -27 | ' | -33 |
Ending Balance | 43 | ' | 82 |
Ending balance: collectively evaluated for impairment | 43 | ' | 82 |
Financing receivables Ending Balance | 2,302 | ' | 3,041 |
Ending balance individually evaluated for impairment | ' | ' | 6 |
Ending balance collectively evaluated for impairment | 2,302 | ' | 3,035 |
Unallocated [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Beginning Balance | 155 | 186 | 186 |
Charge-Offs | ' | ' | ' |
Recoveries | ' | ' | ' |
Provision | 208 | ' | -31 |
Ending Balance | 363 | ' | 155 |
Ending balance: Individually evaluated for impairment | ' | ' | ' |
Ending balance: collectively evaluated for impairment | 363 | ' | 155 |
Financing receivables Ending Balance | ' | ' | ' |
Ending balance individually evaluated for impairment | ' | ' | ' |
Ending balance collectively evaluated for impairment | ' | ' | ' |
Allowance_For_Loan_Losses_Impa
Allowance For Loan Losses (Impaired Loans By Class) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | $12,629 | $13,699 |
Recorded Investment | 12,645 | 13,810 |
Related Allowance | 1,000 | 1,478 |
Average Recorded Investment | 15,553 | 15,209 |
Interest Income Recognized | 271 | 681 |
Commercial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 1,736 | 1,347 |
Recorded Investment | 1,737 | 1,366 |
Related Allowance | 414 | 334 |
Average Recorded Investment | 2,070 | 1,600 |
Interest Income Recognized | 9 | 67 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 4,417 | 4,750 |
Recorded Investment | 4,418 | 4,782 |
Related Allowance | 280 | 299 |
Average Recorded Investment | 4,983 | 5,136 |
Interest Income Recognized | 82 | 258 |
Construction And Farmland [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 2,828 | 2,674 |
Recorded Investment | 2,839 | 2,684 |
Related Allowance | 63 | 218 |
Average Recorded Investment | 2,900 | 2,728 |
Interest Income Recognized | 77 | 115 |
Residential [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 3,648 | 4,922 |
Recorded Investment | 3,651 | 4,972 |
Related Allowance | 243 | 627 |
Average Recorded Investment | 5,600 | 5,738 |
Interest Income Recognized | 103 | 240 |
All Other Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | ' | 6 |
Recorded Investment | ' | 6 |
Related Allowance | ' | ' |
Average Recorded Investment | ' | 7 |
Interest Income Recognized | ' | 1 |
With No Related Allowance [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 8,888 | 9,515 |
Recorded Investment | 8,902 | 9,613 |
Average Recorded Investment | 11,298 | 10,757 |
Interest Income Recognized | 225 | 477 |
With No Related Allowance [Member] | Commercial - Non Real Estate Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 480 | 126 |
Recorded Investment | 481 | 145 |
Average Recorded Investment | 520 | 329 |
Interest Income Recognized | 6 | 8 |
With No Related Allowance [Member] | Commercial Real Estate Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 2,237 | 2,246 |
Recorded Investment | 2,237 | 2,273 |
Average Recorded Investment | 2,558 | 2,512 |
Interest Income Recognized | 31 | 118 |
With No Related Allowance [Member] | Commercial Real Estate Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 858 | 1,396 |
Recorded Investment | 859 | 1,398 |
Average Recorded Investment | 1,083 | 1,498 |
Interest Income Recognized | 31 | 91 |
With No Related Allowance [Member] | Construction And Farmland Residential [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | ' | ' |
Recorded Investment | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
With No Related Allowance [Member] | Construction And Farmland Commercial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 2,472 | 2,392 |
Recorded Investment | 2,483 | 2,401 |
Average Recorded Investment | 2,505 | 2,420 |
Interest Income Recognized | 74 | 97 |
With No Related Allowance [Member] | Residential Equity Lines [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 140 | 289 |
Recorded Investment | 140 | 290 |
Average Recorded Investment | 312 | 460 |
Interest Income Recognized | 1 | 16 |
With No Related Allowance [Member] | Residential Single Family [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 2,701 | 3,060 |
Recorded Investment | 2,702 | 3,100 |
Average Recorded Investment | 4,320 | 3,531 |
Interest Income Recognized | 82 | 146 |
With No Related Allowance [Member] | Residential Multifamily [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | ' | ' |
Recorded Investment | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
With No Related Allowance [Member] | All Other Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | ' | 6 |
Recorded Investment | ' | 6 |
Related Allowance | ' | ' |
Average Recorded Investment | ' | 7 |
Interest Income Recognized | ' | 1 |
With An Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 3,741 | 4,184 |
Recorded Investment | 3,743 | 4,197 |
Related Allowance | 1,000 | 1,478 |
Average Recorded Investment | 4,255 | 4,452 |
Interest Income Recognized | 46 | 204 |
With An Allowance Recorded [Member] | Commercial - Non Real Estate Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 1,256 | 1,221 |
Recorded Investment | 1,256 | 1,221 |
Related Allowance | 414 | 334 |
Average Recorded Investment | 1,550 | 1,271 |
Interest Income Recognized | 3 | 59 |
With An Allowance Recorded [Member] | Commercial Real Estate Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 461 | ' |
Recorded Investment | 461 | ' |
Related Allowance | 34 | ' |
Average Recorded Investment | 462 | ' |
Interest Income Recognized | 11 | ' |
With An Allowance Recorded [Member] | Commercial Real Estate Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 861 | 1,108 |
Recorded Investment | 861 | 1,111 |
Related Allowance | 246 | 299 |
Average Recorded Investment | 880 | 1,126 |
Interest Income Recognized | 9 | 49 |
With An Allowance Recorded [Member] | Construction And Farmland Residential [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | ' | ' |
Recorded Investment | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
With An Allowance Recorded [Member] | Construction And Farmland Commercial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 356 | 282 |
Recorded Investment | 356 | 283 |
Related Allowance | 63 | 218 |
Average Recorded Investment | 395 | 308 |
Interest Income Recognized | 3 | 18 |
With An Allowance Recorded [Member] | Residential Equity Lines [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 189 | 74 |
Recorded Investment | 189 | 74 |
Related Allowance | 113 | 74 |
Average Recorded Investment | 338 | 217 |
Interest Income Recognized | 2 | 7 |
With An Allowance Recorded [Member] | Residential Single Family [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 618 | 1,499 |
Recorded Investment | 620 | 1,508 |
Related Allowance | 130 | 553 |
Average Recorded Investment | 630 | 1,530 |
Interest Income Recognized | 18 | 71 |
With An Allowance Recorded [Member] | Residential Multifamily [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | ' | ' |
Recorded Investment | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
With An Allowance Recorded [Member] | All Other Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | ' | ' |
Recorded Investment | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
Allowance_For_Loan_Losses_Cred
Allowance For Loan Losses (Credit Quality Information By Class) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | $451,772 | $430,488 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 369,785 | 346,755 |
Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 53,889 | 44,370 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 10,340 | 21,622 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 14,465 | 14,125 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 3,293 | 3,616 |
Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | ' | ' |
Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 13,234 | 13,670 |
Nonperforming [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 62 | 115 |
Commercial - Non Real Estate Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 29,708 | 20,865 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 25,375 | 16,565 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 2,284 | 2,820 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 22 | 86 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 772 | 106 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 1,255 | 1,288 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | ' | ' |
Commercial Real Estate Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 99,750 | 92,445 |
Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 76,373 | 73,998 |
Commercial Real Estate Owner Occupied [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 17,682 | 12,036 |
Commercial Real Estate Owner Occupied [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 834 | 3,322 |
Commercial Real Estate Owner Occupied [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 3,678 | 1,820 |
Commercial Real Estate Owner Occupied [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 1,183 | 1,269 |
Commercial Real Estate Owner Occupied [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | ' | ' |
Commercial Real Estate Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 58,734 | 55,721 |
Commercial Real Estate Non-Owner Occupied [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 39,631 | 31,484 |
Commercial Real Estate Non-Owner Occupied [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 12,895 | 14,922 |
Commercial Real Estate Non-Owner Occupied [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 2,911 | 5,557 |
Commercial Real Estate Non-Owner Occupied [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 3,248 | 3,758 |
Commercial Real Estate Non-Owner Occupied [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 49 | ' |
Commercial Real Estate Non-Owner Occupied [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | ' | ' |
Construction And Farmland Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 5,837 | 7,860 |
Construction And Farmland Residential [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 5,715 | 7,738 |
Construction And Farmland Residential [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 122 | 122 |
Construction And Farmland Residential [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | ' | ' |
Construction And Farmland Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 32,776 | 29,073 |
Construction And Farmland Commercial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 26,037 | 24,252 |
Construction And Farmland Commercial [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 3,501 | 1,353 |
Construction And Farmland Commercial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 871 | 1,196 |
Construction And Farmland Commercial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 2,287 | 2,186 |
Construction And Farmland Commercial [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 80 | 86 |
Construction And Farmland Commercial [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | ' | ' |
Residential Equity Lines [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 30,933 | 32,224 |
Residential Equity Lines [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 29,426 | 30,458 |
Residential Equity Lines [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 1,207 | 708 |
Residential Equity Lines [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 0 | 415 |
Residential Equity Lines [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 150 | 480 |
Residential Equity Lines [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 150 | 163 |
Residential Equity Lines [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | ' | ' |
Residential Single Family [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 188,682 | 186,409 |
Residential Single Family [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 162,760 | 157,273 |
Residential Single Family [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 15,314 | 11,505 |
Residential Single Family [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 5,702 | 11,046 |
Residential Single Family [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 4,330 | 5,775 |
Residential Single Family [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 576 | 810 |
Residential Single Family [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | ' | ' |
Residential Multifamily [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 3,050 | 2,850 |
Residential Multifamily [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 2,166 | 1,946 |
Residential Multifamily [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 884 | 904 |
Residential Multifamily [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | ' | ' |
All Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 2,302 | 3,041 |
All Other Loans [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | 2,302 | 3,041 |
All Other Loans [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivables | ' | ' |
Troubled_Debt_Restructurings_N
Troubled Debt Restructurings (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
contract | contract | contract | contract | contract | |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Number of Contracts | 3 | 7 | 3 | 8 | ' |
Number of troubled debt restructured loans | ' | ' | 17 | ' | 20 |
Loan is considered payment default | ' | ' | '30 days | ' | ' |
Financing Receivable, Modifications, Nonaccrual, Number of Contracts | 8 | ' | 8 | ' | 5 |
Financing Receivable, Modifications, Nonaccrual, Recorded Investment | $1.50 | ' | $1.50 | ' | $1 |
Total troubled debt restructured loans | $5.50 | ' | $5.50 | ' | $6.40 |
Commercial Real Estate Owner Occupied [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Number of Contracts | ' | 1 | ' | 1 | ' |
Construction And Farmland Commercial [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Number of Contracts | ' | 1 | ' | 1 | ' |
Residential Equity Lines [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Number of Contracts | 1 | ' | 1 | 1 | ' |
Residential Single Family [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' |
Number of Contracts | 1 | 5 | 1 | 5 | ' |
Troubled_Debt_Restructurings_S
Troubled Debt Restructurings (Schedule Of Troubled Debt Restructurings On Financing Receivables) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
contract | contract | contract | contract | |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | 3 | 7 | 3 | 8 |
Pre-Modification Outstanding Recorded Investment | $1,010 | $1,798 | $1,010 | $1,982 |
Post-Modification Outstanding Recorded Investment | 708 | 1,652 | 708 | 1,836 |
Commercial - Non Real Estate Commercial And Industrial [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | 1 | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 289 | ' | 289 | ' |
Post-Modification Outstanding Recorded Investment | 289 | ' | 289 | ' |
Commercial Real Estate Owner Occupied [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 1 | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 514 | ' | 514 |
Post-Modification Outstanding Recorded Investment | ' | 368 | ' | 368 |
Construction And Farmland Commercial [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 1 | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 87 | ' | 87 |
Post-Modification Outstanding Recorded Investment | ' | 87 | ' | 87 |
Residential Equity Lines [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | 1 | ' | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | 69 | ' | 69 | 184 |
Post-Modification Outstanding Recorded Investment | 69 | ' | 69 | 184 |
Residential Single Family [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | 1 | 5 | 1 | 5 |
Troubled Debt Restructuring Modifications Amortization and Interest Rate Number Of Contracts | ' | 4 | ' | ' |
Troubled Debt Restructuring Modifications Amortization Number Of Contracts | ' | 1 | ' | ' |
Pre-Modification Outstanding Recorded Investment | 652 | 1,197 | 652 | 1,197 |
Post-Modification Outstanding Recorded Investment | $350 | $1,197 | $350 | $1,197 |
Troubled_Debt_Restructurings_L
Troubled Debt Restructurings (Loans By Class Of Financing Receivable Modified As TDRs) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
contract | contract | contract | contract | |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | 3 | 7 | 3 | 8 |
Troubled Debt Restructurings Within Previous Twelve Months [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | 2 | 7 | 2 | 8 |
Recorded Investment | 1,608 | 1,998 | 1,608 | 2,157 |
Commercial Real Estate Owner Occupied [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 1 | ' | 1 |
Commercial Real Estate Owner Occupied [Member] | Troubled Debt Restructurings Within Previous Twelve Months [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 2 | ' | 3 |
Recorded Investment | ' | 495 | ' | 654 |
Commercial Real Estate Non-Owner Occupied [Member] | Troubled Debt Restructurings Within Previous Twelve Months [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 1 | ' | 1 |
Recorded Investment | ' | 557 | ' | 557 |
Residential Single Family [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | 1 | 5 | 1 | 5 |
Residential Single Family [Member] | Troubled Debt Restructurings Within Previous Twelve Months [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 4 | ' | 4 |
Recorded Investment | ' | 946 | ' | 946 |
Construction And Farmland Commercial [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 1 | ' | 1 |
Construction And Farmland Commercial [Member] | Troubled Debt Restructurings Within Previous Twelve Months [Member] | ' | ' | ' | ' |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ' | ' | ' | ' |
Number of Contracts | 2 | ' | 2 | ' |
Recorded Investment | 1,608 | ' | 1,608 | ' |
Deposits_Composition_Of_Deposi
Deposits (Composition Of Deposits) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Deposits [Abstract] | ' | ' |
Noninterest bearing demand deposits | $151,961 | $147,698 |
NOW accounts | 79,895 | 85,459 |
Money market accounts | 99,057 | 92,125 |
Regular savings accounts | 69,784 | 63,165 |
Savings and interest bearing demand deposits | 248,736 | 240,749 |
Balances of less than $100,000 | 60,084 | 63,221 |
Balances of $100,000 and more | 34,355 | 35,919 |
Time deposits | 94,439 | 99,140 |
Total deposits | $495,136 | $487,587 |
Pension_And_Postretirement_Ben
Pension And Postretirement Benefit Plans (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Retired employees receiving health care and life insurance benefits | ' | ' | 9 | ' |
Post retirement benefits, age eligibility requirement | ' | ' | '65 years | ' |
Post retirement benefits, service eligibility requirement | ' | ' | '15 years | ' |
Postretirement Benefits [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Net periodic benefit cost | ($1) | ($1) | ($3) | ($3) |
Trust_Preferred_Capital_Notes_
Trust Preferred Capital Notes (Details) (USD $) | 9 Months Ended | 9 Months Ended | |||
Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 20, 2007 | Sep. 30, 2014 | |
Trust II [Member] | Trust II [Member] | Maximum [Member] | |||
Trust Preferred Capital Notes [Line Items] | ' | ' | ' | ' | ' |
Trust preferred securities issued by subsidiary trust | ' | ' | $7,000,000 | $7,000,000 | ' |
Common equity issued by subsidiary trust | ' | ' | ' | 217,000 | ' |
Trust preferred capital notes | $7,217,000 | $7,217,000 | ' | $7,200,000 | ' |
Floating rate of interest | ' | ' | 1.85% | ' | ' |
Redemption date of securities | 'SeptemberB 1, 2037 | ' | ' | ' | ' |
Portion of trust preferred securities in Tier 1 capital, percentage | ' | ' | ' | ' | 25.00% |
Fair_Value_Measurements_Financ
Fair Value Measurements (Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Duration of appraisal of real estate property to consider fair value is level 3 | '2 years | ' |
Total assets at fair value | $99,022 | $102,598 |
Total liabilities at fair value | 314 | 434 |
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 1,161 | 1,118 |
Total liabilities at fair value | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 97,861 | 101,480 |
Total liabilities at fair value | 314 | 434 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Total liabilities at fair value | ' | ' |
Obligations Of U.S. Government Corporations And Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 36,772 | 34,744 |
Obligations Of U.S. Government Corporations And Agencies [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Obligations Of U.S. Government Corporations And Agencies [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 36,772 | 34,744 |
Obligations Of U.S. Government Corporations And Agencies [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 13,260 | 15,197 |
Mortgage-Backed Securities [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Mortgage-Backed Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 13,260 | 15,197 |
Mortgage-Backed Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Obligations Of States And Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 40,810 | 43,116 |
Obligations Of States And Political Subdivisions [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Obligations Of States And Political Subdivisions [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 40,810 | 43,116 |
Obligations Of States And Political Subdivisions [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Corporate Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 7,019 | 8,423 |
Corporate Securities [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Corporate Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 7,019 | 8,423 |
Corporate Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Equity Securities Bank Preferred Stock [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 1,161 | 1,118 |
Equity Securities Bank Preferred Stock [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | 1,161 | 1,118 |
Equity Securities Bank Preferred Stock [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Equity Securities Bank Preferred Stock [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Interest Rate Swap Contracts [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities at fair value | 314 | 434 |
Interest Rate Swap Contracts [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities at fair value | ' | ' |
Interest Rate Swap Contracts [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities at fair value | 314 | 434 |
Interest Rate Swap Contracts [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total liabilities at fair value | ' | ' |
Fair_Value_Measurements_Quanti
Fair Value Measurements (Quantitative Information About Level 3 Fair Value Measurements For Certain Financial Assets) (Details) | 9 Months Ended |
Sep. 30, 2014 | |
Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Quantitative information about level 3 nonrecurring basis | 14.00% |
Other Real Estate Owned [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Quantitative information about level 3 nonrecurring basis | 8.00% |
Maximum [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Quantitative information about level 3 nonrecurring basis | 60.00% |
Maximum [Member] | Other Real Estate Owned [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Quantitative information about level 3 nonrecurring basis | 10.00% |
Minimum [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Quantitative information about level 3 nonrecurring basis | 12.00% |
Minimum [Member] | Other Real Estate Owned [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Quantitative information about level 3 nonrecurring basis | 5.00% |
Fair_Value_Measurements_Financ1
Fair Value Measurements (Financial And Nonfinancial Assets Measured At Fair Value On A Nonrecurring Basis) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Other real estate owned | $1,644 | $1,646 |
Financial Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 2,741 | 2,706 |
Financial Assets [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | ' | ' |
Financial Assets [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 435 | 1,299 |
Financial Assets [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 2,306 | 1,407 |
Nonfinancial Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Other real estate owned | 1,644 | 1,646 |
Nonfinancial Assets [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Other real estate owned | 638 | 638 |
Nonfinancial Assets [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Other real estate owned | 668 | 1,008 |
Nonfinancial Assets [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Other real estate owned | $338 | $0 |
Fair_Value_Measurements_Level_
Fair Value Measurements (Level 3 Financial Assets Measured At Estimated Fair Value On Nonrecurring Basis) (Details) (Significant Unobservable Inputs (Level 3) [Member], USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Impaired Loans [Member] | ' |
Fair Value Assets Measurements On Nonrecurring Basis [Line Items] | ' |
Balance - beginning of period | $1,407 |
Sales proceeds | ' |
Valuation allowance | ' |
(Loss) on disposition | ' |
Transfers into Level 3 | 1,740 |
Transfers out of Level 3 | -841 |
Balance - end of period | 2,306 |
Other Real Estate Owned [Member] | ' |
Fair Value Assets Measurements On Nonrecurring Basis [Line Items] | ' |
Balance - beginning of period | 0 |
Sales proceeds | ' |
Valuation allowance | ' |
(Loss) on disposition | ' |
Transfers into Level 3 | 488 |
Transfers out of Level 3 | -150 |
Balance - end of period | $338 |
Fair_Value_Measurements_Compan
Fair Value Measurements (Company's Financial Instruments) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities | $99,022 | $102,598 |
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and short-term investments | 15,338 | 14,243 |
Securities | 1,161 | 1,118 |
Restricted Investments | ' | ' |
Loans, net | ' | ' |
Accrued interest receivable | ' | ' |
Deposits | ' | ' |
Federal Home Loan Bank advances | ' | ' |
Trust preferred capital notes | ' | ' |
Accrued interest payable | ' | ' |
Interest rate swap contract | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and short-term investments | 0 | 0 |
Securities | 97,861 | 101,480 |
Restricted Investments | 2,358 | 2,192 |
Loans, net | 463,470 | 446,329 |
Accrued interest receivable | 1,850 | 1,797 |
Deposits | 495,235 | 488,074 |
Federal Home Loan Bank advances | 30,249 | 22,214 |
Trust preferred capital notes | 7,217 | 7,217 |
Accrued interest payable | 155 | 165 |
Interest rate swap contract | 314 | 434 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and short-term investments | ' | ' |
Securities | ' | ' |
Restricted Investments | ' | ' |
Loans, net | 2,306 | 1,407 |
Accrued interest receivable | ' | ' |
Deposits | ' | ' |
Federal Home Loan Bank advances | ' | ' |
Trust preferred capital notes | ' | ' |
Accrued interest payable | ' | ' |
Interest rate swap contract | ' | ' |
Carrying Amount [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and short-term investments | 15,338 | 14,243 |
Securities | 99,022 | 102,598 |
Restricted Investments | 2,358 | 2,192 |
Loans, net | 459,481 | 438,785 |
Accrued interest receivable | 1,850 | 1,797 |
Deposits | 495,136 | 487,587 |
Federal Home Loan Bank advances | 30,000 | 22,250 |
Trust preferred capital notes | 7,217 | 7,217 |
Accrued interest payable | 155 | 165 |
Interest rate swap contract | 314 | 434 |
Fair Value [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and short-term investments | 15,338 | 14,243 |
Securities | 99,022 | 102,598 |
Restricted Investments | 2,358 | 2,192 |
Loans, net | 465,776 | 447,736 |
Accrued interest receivable | 1,850 | 1,797 |
Deposits | 495,235 | 488,074 |
Federal Home Loan Bank advances | 30,249 | 22,214 |
Trust preferred capital notes | 7,217 | 7,217 |
Accrued interest payable | 155 | 165 |
Interest rate swap contract | $314 | $434 |
Derivative_Instruments_And_Hed2
Derivative Instruments And Hedging Activities (Narrative) (Details) (Interest Rate Swap Contracts [Member], USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Interest Rate Swap Contracts [Member] | ' |
Derivative [Line Items] | ' |
Agreement related to the outstanding trust preferred capital notes, date | 4-Dec-08 |
Agreement effective, date | 1-Dec-08 |
Notional amount of derivatives | $7 |
Agreement expiration date | 1-Dec-16 |
Derivative, Fixed Interest Rate | 2.85% |
Derivative_Instruments_And_Hed3
Derivative Instruments And Hedging Activities (Summary Of Fair Value Of Derivative Instruments) (Details) (Interest Rate Swap Contracts [Member], Other Liabilities [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Interest Rate Swap Contracts [Member] | Other Liabilities [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivatives designated as hedging instruments under GAAP, Fair Value | $314 | $434 |
Derivative_Instruments_And_Hed4
Derivative Instruments And Hedging Activities (Effect Of The Derivative Instrument On The Consolidated Balance Sheet, Consolidated Statements Of Income) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion), net of tax | $41 | $1 | $79 | $109 |
Interest Rate Swap Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion), net of tax | ' | ' | 79 | 109 |
Amount of Gain (Loss) Recognized in Income (Ineffective Portion), net of tax | ' | ' | ' | ' |
Change_in_Accumulated_Other_Co2
Change in Accumulated Other Comprehensive Income (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax | ($87) | $0 | ($93) | ($400) |
Sales and calls of securities available for sale, net gain | $87 | $0 | $93 | $400 |
Change_in_Accumulated_Other_Co3
Change in Accumulated Other Comprehensive Income (Changes To Accumulated Other Comprehensive Income By Components) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
Unrealized Gains And Losses On Available For Sale Securities [Member] | Unrealized Gains And Losses On Available For Sale Securities [Member] | Unrealized Gains And Losses On Available For Sale Securities [Member] | Unrealized Gains And Losses On Available For Sale Securities [Member] | Change In Fair Value Of Interest Rate Swap [Member] | Change In Fair Value Of Interest Rate Swap [Member] | Change In Fair Value Of Interest Rate Swap [Member] | Change In Fair Value Of Interest Rate Swap [Member] | Change In Benefit Obligations And Plan Assets For The Post Retirement Benefit Plan [Member] | Change In Benefit Obligations And Plan Assets For The Post Retirement Benefit Plan [Member] | Change In Benefit Obligations And Plan Assets For The Post Retirement Benefit Plan [Member] | Change In Benefit Obligations And Plan Assets For The Post Retirement Benefit Plan [Member] | Change In Benefit Obligations And Plan Assets For The Post Retirement Benefit Plan [Member] | Change In Benefit Obligations And Plan Assets For The Post Retirement Benefit Plan [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | $1,562 | $1,048 | $305 | $3,448 | $1,766 | $1,316 | $547 | $3,824 | ($248) | ($311) | ($286) | ($419) | $44 | $44 | $44 | $43 | $43 | $43 |
Other comprehensive income (loss) before reclassifications | 35 | -354 | 1,944 | -3,590 | -28 | -355 | 1,824 | -3,755 | 63 | 1 | 120 | 165 | ' | ' | ' | ' | ' | ' |
Reclassifications from other comprehensive (loss) income | -87 | 0 | -93 | -400 | -87 | 0 | -93 | -400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax effect of current period changes | 17 | 120 | -629 | 1,356 | 39 | 120 | -588 | 1,412 | -22 | 0 | -41 | -56 | ' | ' | ' | ' | ' | ' |
Total other comprehensive income (loss) | -35 | -234 | 1,222 | -2,634 | -76 | -235 | 1,143 | -2,743 | 41 | 1 | 79 | 109 | ' | ' | ' | ' | ' | ' |
Ending balance | $1,527 | $814 | $1,527 | $814 | $1,690 | $1,081 | $1,690 | $1,081 | ($207) | ($310) | ($207) | ($310) | $44 | $44 | $44 | $43 | $43 | $43 |
Branch_Activity_Details
Branch Activity (Details) (USD $) | Sep. 10, 2014 | Aug. 27, 2014 | Feb. 25, 2014 |
In Millions, unless otherwise specified | |||
Branch Activity [Abstract] | ' | ' | ' |
Amount Of Contract | $1.30 | ' | $1.80 |
Contract Price Paid | ' | $1.80 | ' |