Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2015 | Oct. 31, 2015 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2015 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2,015 | |
Entity Registrant Name | EAGLE FINANCIAL SERVICES INC | |
Entity Central Index Key | 880,641 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 3,508,831 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Assets [Abstract] | ||
Cash and due from banks | $ 9,758 | $ 9,075 |
Interest-bearing deposits with other institutions | 7,183 | 25,489 |
Total cash and cash equivalents | 16,941 | 34,564 |
Securities available for sale, at fair value | 101,182 | 94,165 |
Restricted investments | 2,321 | 2,808 |
Loans | 491,216 | 469,820 |
Allowance for loan losses | (5,164) | (5,080) |
Net Loans | 486,052 | 464,740 |
Bank premises and equipment, net | 20,924 | 19,015 |
Other real estate owned, net of allowance | 1,848 | 2,102 |
Other assets | 8,801 | 9,436 |
Total assets | 638,069 | 626,830 |
Liabilities and Equity [Abstract] | ||
Noninterest bearing demand deposits | 177,005 | 159,352 |
Savings and interest bearing demand deposits | 255,135 | 249,305 |
Time deposits | 95,731 | 95,159 |
Total deposits | 527,871 | 503,816 |
Federal Home Loan Bank advances | 30,000 | 40,000 |
Trust preferred capital notes | 0 | 7,217 |
Other liabilities | 2,589 | 2,665 |
Total liabilities | 560,460 | 553,698 |
Shareholders' Equity | ||
Preferred stock, $10 par value; 500,000 shares authorized and unissued | 0 | 0 |
Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2015, 3,508,831 including 19,401 shares of unvested restricted stock; issued and outstanding 2014, 3,463,665 including 15,151 shares of unvested restricted stock | 8,723 | 8,621 |
Surplus | 13,464 | 12,618 |
Retained earnings | 54,029 | 50,578 |
Accumulated other comprehensive income | 1,393 | 1,315 |
Total shareholders' equity | 77,609 | 73,132 |
Total liabilities and shareholders' equity | $ 638,069 | $ 626,830 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2015 | Dec. 31, 2014 |
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 | 3,508,831 | 3,463,665 |
Common stock, unvested restricted shares | 19,401 | 15,151 |
Consolidated Statements Of Inco
Consolidated Statements Of Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Interest and Dividend Income | ||||
Interest and fees on loans | $ 5,540 | $ 5,397 | $ 16,278 | $ 16,317 |
Interest and dividends on securities available for sale: | ||||
Taxable interest income | 437 | 458 | 1,219 | 1,447 |
Interest income exempt from federal income taxes | 244 | 270 | 733 | 834 |
Dividends | 42 | 126 | 75 | 197 |
Interest on deposits with other institutions | 2 | 2 | 19 | 4 |
Total interest and dividend income | 6,265 | 6,253 | 18,324 | 18,799 |
Interest Expense | ||||
Interest on deposits | 185 | 241 | 551 | 730 |
Interest on federal funds purchased and securities sold under agreements to repurchase | 9 | 0 | 10 | 20 |
Interest on Federal Home Loan Bank advances | 69 | 159 | 269 | 476 |
Interest on trust preferred capital notes | 12 | 33 | 78 | 98 |
Interest on interest rate swap | 46 | 47 | 137 | 139 |
Total interest expense | 321 | 480 | 1,045 | 1,463 |
Net interest income | 5,944 | 5,773 | 17,279 | 17,336 |
(Recovery of) Provision For Loan Losses | (410) | 0 | 23 | 0 |
Net interest income after (recovery of) provision for loan losses | 6,354 | 5,773 | 17,256 | 17,336 |
Noninterest Income | ||||
Income from fiduciary activities | 319 | 212 | 1,103 | 873 |
Service charges on deposit accounts | 329 | 332 | 926 | 984 |
Other service charges and fees | 919 | 827 | 2,605 | 2,307 |
Gain on sale of securities | 20 | 87 | 116 | 93 |
Gain on redemption of trust preferred capital notes | 2,424 | 0 | 2,424 | 0 |
Other operating (loss) income | (181) | 15 | (71) | 127 |
Total noninterest income | 3,830 | 1,473 | 7,103 | 4,384 |
Noninterest Expenses | ||||
Salaries and employee benefits | 3,090 | 3,017 | 9,197 | 8,768 |
Occupancy expenses | 394 | 319 | 1,176 | 963 |
Equipment expenses | 312 | 197 | 718 | 546 |
Advertising and marketing expenses | 155 | 159 | 458 | 417 |
Stationery and supplies | 67 | 74 | 179 | 238 |
ATM network fees | 246 | 174 | 595 | 532 |
Other real estate owned expense | 63 | 4 | 83 | 14 |
(Gain) loss on the sale of other real estate owned | (11) | 14 | 81 | (3) |
FDIC assessment | 108 | 94 | 319 | 261 |
Computer software expense | 134 | 252 | 547 | 664 |
Bank franchise tax | 131 | 123 | 374 | 342 |
Professional fees | 211 | 290 | 714 | 761 |
Cost to terminate operating lease | 0 | 0 | 520 | 0 |
Other operating expenses | 618 | 616 | 1,746 | 1,639 |
Total noninterest expenses | 5,518 | 5,333 | 16,707 | 15,142 |
Income before income taxes | 4,666 | 1,913 | 7,652 | 6,578 |
Income Tax Expense | 1,377 | 528 | 2,110 | 1,872 |
Net income | $ 3,289 | $ 1,385 | $ 5,542 | $ 4,706 |
Earnings Per Share | ||||
Net income per common share, basic | $ 0.94 | $ 0.40 | $ 1.59 | $ 1.37 |
Net income per common share, diluted | $ 0.94 | $ 0.40 | $ 1.59 | $ 1.37 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 3,289 | $ 1,385 | $ 5,542 | $ 4,706 |
Other comprehensive income (loss): | ||||
Unrealized gain (loss) on available for sale securities, net of deferred income taxes | 503 | (76) | (112) | 1,143 |
Change in fair value of interest rate swap, net of deferred income taxes | 156 | 41 | 190 | 79 |
Total other comprehensive income (loss) | 659 | (35) | 78 | 1,222 |
Total comprehensive income | $ 3,948 | $ 1,350 | $ 5,620 | $ 5,928 |
Consolidated Statements of Com6
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Statement of Comprehensive Income [Abstract] | ||||
Unrealized gain (loss) on available for sale securities, deferred income taxes | $ 259 | $ (39) | $ (58) | $ 588 |
Change in fair value of interest rate swap, deferred income taxes | $ 81 | $ 22 | $ 99 | $ 41 |
Consolidated Statements Of Chan
Consolidated Statements Of Changes In Shareholders' Equity - USD ($) $ in Thousands | Total | Common Stock [Member] | Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Balance at Dec. 31, 2013 | $ 66,406 | $ 8,482 | $ 11,537 | $ 46,082 | $ 305 |
Net income | 4,706 | 4,706 | |||
Other comprehensive income | 1,222 | 1,222 | |||
Vesting of restricted stock awards, stock incentive plan | 25 | (25) | |||
Income tax benefit on vesting of restricted stock | 11 | 11 | |||
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 |
Balance at Dec. 31, 2014 | 73,132 | 8,621 | 12,618 | 50,578 | 1,315 |
Net income | 5,542 | 5,542 | |||
Other comprehensive income | 78 | 78 | |||
Vesting of restricted stock awards, stock incentive plan | 23 | (23) | |||
Income tax benefit on vesting of restricted stock | 4 | 4 | |||
Stock-based compensation expense | 227 | 227 | |||
Issuance of common stock, dividend investment plan | 551 | 61 | 490 | ||
Issuance of common stock, employee benefit plan | 166 | 18 | 148 | ||
Dividends declared | (2,091) | (2,091) | |||
Balance at Sep. 30, 2015 | $ 77,609 | $ 8,723 | $ 13,464 | $ 54,029 | $ 1,393 |
Consolidated Statements Of Cha8
Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical) - $ / shares | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Statement of Stockholders' Equity [Abstract] | ||
Issuance of restricted stock, stock incentive plan, shares | 9,363 | 10,009 |
Stock options exercised, shares | 0 | 927 |
Issuance of common stock, dividend investment plan, shares | 24,439 | 23,473 |
Issuance of common stock, employee benefit plan | 7,114 | 7,995 |
Dividends declared, per share | $ 0.6 | $ 0.57 |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Cash Flows from Operating Activities | ||
Net income | $ 5,542 | $ 4,706 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 619 | 587 |
Amortization of intangible and other assets | 154 | 117 |
Provision for loan losses | 23 | 0 |
Provision for other real estate owned | 53 | 0 |
(Gain) loss on the sale of other real estate owned | 81 | (3) |
(Gain) on the sale of property plant and equipment | (5) | 0 |
Loss on the sale of repossessed assets | 0 | 5 |
(Gain) on the sale of securities | (116) | (93) |
(Gain) on redemption of trust preferred capital notes | (2,424) | 0 |
Loss on derecognition of cash flow hedge | 237 | 0 |
Fair value adjustment on derivative contract | (30) | 0 |
Stock-based compensation expense | 227 | 173 |
Premium amortization on securities, net | 191 | 88 |
Changes in assets and liabilities: | ||
Decrease (increase) in other assets | 437 | (812) |
Increase (decrease) in other liabilities | 6 | (262) |
Net cash provided by operating activities | 4,995 | 4,506 |
Cash Flows from Investing Activities | ||
Proceeds from maturities and principal payments of securities available for sale | 10,641 | 9,264 |
Proceeds from the sale of securities available for sale | 3,424 | 1,129 |
Purchases of securities available for sale | (21,327) | (5,081) |
Proceeds from the sale of restricted securities | 900 | 284 |
Purchases of restricted investments | (413) | (450) |
Purchases of bank premises and equipment | (2,528) | (2,272) |
Proceeds from sale of other real estate owned | 856 | 685 |
Proceeds from the sale of bank premises and equipment | 5 | 0 |
Proceeds from the sale of repossessed assets | 10 | 26 |
Net (increase) in loans | (22,074) | (21,039) |
Net cash (used in) investing activities | (30,506) | (17,454) |
Cash Flows from Financing Activities | ||
Net increase in noninterest bearing demand deposits, savings, and interest bearing demand deposits | 23,483 | 12,250 |
Net increase (decrease) in time deposits | 572 | (4,700) |
Net (decrease) increase in Federal Home Loan Bank advances | (10,000) | 7,750 |
Redemption of trust preferred capital notes | (4,793) | 0 |
Issuance of common stock, employee benefit plan | 166 | 182 |
Cash dividends paid | (1,540) | (1,439) |
Net cash provided by financing activities | 7,888 | 14,043 |
Cash and Cash Equivalents | ||
Beginning | 34,564 | 14,243 |
Ending | 16,941 | 15,338 |
(Decrease) increase in cash and cash equivalents | (17,623) | 1,095 |
Supplemental Disclosures of Cash Flow Information | ||
Interest | 1,141 | 1,474 |
Income taxes | 583 | 1,985 |
Supplemental Schedule of Noncash Investing and Financing Activities: | ||
Unrealized (loss) gain on securities available for sale | (170) | 1,731 |
Change in fair value of interest rate swap | 52 | 120 |
Other real estate and repossessed assets acquired in settlement of loans | 739 | 680 |
Issuance of common stock, dividend investment plan | $ 551 | $ 515 |
General
General | 9 Months Ended |
Sep. 30, 2015 | |
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, 2015 and December 31, 2014 , the results of operations for the three and nine months ended September 30, 2015 and 2014 , and cash flows for the nine months ended September 30, 2015 and 2014 . The results of operations for the three and nine months ended September 30, 2015 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, 2014 (the “ 2014 Form 10-K”). The Company owns 100% of Bank of Clarke County (the “Bank”). The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany accounts and transactions between the Company and the Bank have been eliminated. Certain amounts in the consolidated financial statements have been reclassified to conform to current year presentations. None of the reclassifications were of a material nature. |
Stock-Based Compensation Plan
Stock-Based Compensation Plan | 9 Months Ended |
Sep. 30, 2015 | |
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. As of September 30, 2015 , there was $138 thousand of unrecognized compensation cost related to nonvested restricted stock. The following table presents Restricted Stock activity for the nine months ended September 30, 2015 and 2014 : Nine Months Ended September 30, 2015 2014 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Nonvested, beginning of period 15,151 $ 22.27 17,050 $ 19.92 Granted 14,650 23.85 14,900 23.50 Vested (9,363 ) 21.80 (10,009 ) 19.65 Forfeited (1,037 ) 23.50 (2,790 ) 22.11 Nonvested, end of period 19,401 $ 23.63 19,151 $ 22.53 |
Earnings Per Common Share
Earnings Per Common Share | 9 Months Ended |
Sep. 30, 2015 | |
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. Nonvested restricted shares are included in basic earnings per share because of dividend participation and voting rights. 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. 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, 2015 and 2014 and the effect on the weighted average number of shares of dilutive potential common stock. During 2015 and 2014 , there were no potentially dilutive securities outstanding. Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Average number of common shares outstanding 3,503,412 3,451,041 3,489,388 3,431,356 Effect of dilutive common stock — — — — Average number of common shares outstanding used to calculate diluted earnings per share 3,503,412 3,451,041 3,489,388 3,431,356 |
Securities
Securities | 9 Months Ended |
Sep. 30, 2015 | |
Available-for-sale Securities [Abstract] | |
Securities | NOTE 4. Securities Amortized costs and fair values of securities available for sale at September 30, 2015 and December 31, 2014 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value September 30, 2015 (in thousands) Obligations of U.S. government corporations and agencies $ 38,808 $ 625 $ (48 ) $ 39,385 Mortgage-backed securities 21,111 384 (83 ) 21,412 Obligations of states and political subdivisions 39,210 1,195 (20 ) 40,385 $ 99,129 $ 2,204 $ (151 ) $ 101,182 December 31, 2014 (in thousands) Obligations of U.S. government corporations and agencies $ 36,911 $ 599 $ (299 ) $ 37,211 Mortgage-backed securities 15,245 545 (11 ) 15,779 Obligations of states and political subdivisions 39,025 1,432 (47 ) 40,410 Corporate securities 761 4 — 765 $ 91,942 $ 2,580 $ (357 ) $ 94,165 During the nine months ended September 30, 2015 , the Company received proceeds of $3.4 million on sales of available for sale securities for a gross gain of $116 thousand . There were no losses on the sale of available for sale securities during the nine months ended September 30, 2015 . During the nine months ended September 30, 2014 , the Company sold $1.1 million of available for sale securities for a gross gain of $93 thousand . There were no losses on the sale of available for sale securities during the nine months ended September 30, 2014 . 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, 2015 and December 31, 2014 were as follows: Less than 12 months 12 months or more Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses September 30, 2015 (in thousands) Obligations of U.S. government corporations and agencies $ 11,877 $ 39 $ 1,991 $ 9 $ 13,868 $ 48 Mortgage-backed securities 7,313 68 1,190 15 8,503 83 Obligations of states and political subdivisions 3,530 18 1,012 2 4,542 20 $ 22,720 $ 125 $ 4,193 $ 26 $ 26,913 $ 151 December 31, 2014 (in thousands) Obligations of U.S. government corporations and agencies $ 1,997 $ 1 $ 21,615 $ 298 $ 23,612 $ 299 Mortgage-backed securities — — 1,444 11 1,444 11 Obligations of states and political subdivisions 2,998 12 2,414 35 5,412 47 $ 4,995 $ 13 $ 25,473 $ 344 $ 30,468 $ 357 Gross unrealized losses on available for sale securities included twenty-nine ( 29 ) and thirty-eight ( 38 ) debt securities at September 30, 2015 and December 31, 2014 , 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. 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, 2015 and December 31, 2014 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 recession involving housing, liquidity and credit were also a contributing factor to the unrealized losses on these securities at September 30, 2015 and December 31, 2014 . 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. 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 $3.4 million at September 30, 2015 were pledged to secure securities sold under agreements to repurchase and other purposes required by law. The composition of restricted investments at September 30, 2015 and December 31, 2014 was as follows: September 30, 2015 December 31, 2014 (in thousands) Federal Reserve Bank Stock $ 344 $ 344 Federal Home Loan Bank Stock 1,837 2,324 Community Bankers’ Bank Stock 140 140 $ 2,321 $ 2,808 |
Allowance For Loan Losses
Allowance For Loan Losses | 9 Months Ended |
Sep. 30, 2015 | |
Receivables [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, 2015 and 2014 and the year ended December 31, 2014 were as follows: Nine Months Ended Year Ended Nine Months Ended September 30, December 31, September 30, 2015 2014 2014 (in thousands) Balance, beginning $ 5,080 $ 5,488 $ 5,488 Provision charged to operating expense 23 350 — Recoveries added to the allowance 499 725 614 Loan losses charged to the allowance (438 ) (1,483 ) (515 ) Balance, ending $ 5,164 $ 5,080 $ 5,587 Nonaccrual and past due loans by class at September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 (in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due Total Past Due Current Total Loans 90 or More Days Past Due Still Accruing Nonaccrual Loans Commercial - Non Real Estate: Commercial & Industrial $ 108 $ — $ — $ 108 $ 27,310 $ 27,418 $ — $ 560 Commercial Real Estate: Owner Occupied 871 — — 871 108,604 109,475 — 1,712 Non-owner occupied 907 — 766 1,673 61,784 63,457 — 971 Construction and Farmland: Residential — 249 140 389 8,205 8,594 — 140 Commercial — 53 — 53 32,314 32,367 — 326 Consumer: Installment 58 1 1 60 13,556 13,616 1 — Residential: Equity Lines 3,423 6 — 3,429 31,270 34,699 — 281 Single family 2,397 — 733 3,130 192,830 195,960 — 1,683 Multifamily — — — — 3,453 3,453 — — All Other Loans — — — — 2,177 2,177 — — Total $ 7,764 $ 309 $ 1,640 $ 9,713 $ 481,503 $ 491,216 $ 1 $ 5,673 December 31, 2014 (in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due Total Past Due Current Total Loans 90 or More Past Due Still Accruing Nonaccrual Loans Commercial - Non Real Estate: Commercial & Industrial $ 28 $ — $ — $ 28 $ 28,104 $ 28,132 $ — $ 2,106 Commercial Real Estate: Owner Occupied 2,191 — — 2,191 97,516 99,707 — 2,591 Non-owner occupied 56 210 808 1,074 60,518 61,592 — 1,231 Construction and Farmland: Residential — 52 — 52 5,149 5,201 — — Commercial — — 57 57 31,231 31,288 — 787 Consumer: Installment 50 15 6 71 13,803 13,874 6 — Residential: Equity Lines 132 41 185 358 30,763 31,121 — 331 Single family 1,243 440 644 2,327 191,246 193,573 — 3,660 Multifamily — — — — 3,016 3,016 — — All Other Loans — — — — 2,316 2,316 — — Total $ 3,700 $ 758 $ 1,700 $ 6,158 $ 463,662 $ 469,820 $ 6 $ 10,706 Allowance for loan losses by segment at September 30, 2015 and December 31, 2014 were as follows: As of and for the Nine Months Ended September 30, 2015 (in thousands) Construction and Farmland Residential Commercial Real Estate Commercial - Non Real Estate Consumer All Other Loans Unallocated Total Allowance for credit losses: Beginning Balance $ 951 $ 1,977 $ 1,347 $ 464 $ 103 $ 42 $ 196 $ 5,080 Charge-Offs (166 ) (152 ) (47 ) — (54 ) (19 ) — (438 ) Recoveries 63 157 60 179 26 14 — 499 Provision 85 102 89 (307 ) 27 13 14 23 Ending balance $ 933 $ 2,084 $ 1,449 $ 336 $ 102 $ 50 $ 210 $ 5,164 Ending balance: Individually evaluated for impairment $ 138 $ 343 $ 102 $ 8 $ — $ — $ — $ 591 Ending balance: collectively evaluated for impairment $ 795 $ 1,741 $ 1,347 $ 328 $ 102 $ 50 $ 210 $ 4,573 Loans: Ending balance $ 40,961 $ 234,112 $ 172,932 $ 27,418 $ 13,616 $ 2,177 $ — $ 491,216 Ending balance individually evaluated for impairment $ 2,266 $ 7,052 $ 4,746 $ 953 $ — $ — $ — $ 15,017 Ending balance collectively evaluated for impairment $ 38,695 $ 227,060 $ 168,186 $ 26,465 $ 13,616 $ 2,177 $ — $ 476,199 As of and for the Twelve Months Ended December 31, 2014 (in thousands) Construction and Farmland Residential Commercial Real Estate Commercial - Non Real Estate Consumer All Other Loans Unallocated Total Allowance for credit losses: Beginning Balance $ 1,032 $ 2,225 $ 1,337 $ 555 $ 102 $ 82 $ 155 $ 5,488 Charge-Offs (482 ) (808 ) (83 ) — (86 ) (24 ) — (1,483 ) Recoveries 26 63 381 164 87 4 — 725 Provision 375 497 (288 ) (255 ) — (20 ) 41 350 Ending balance $ 951 $ 1,977 $ 1,347 $ 464 $ 103 $ 42 $ 196 $ 5,080 Ending balance: Individually evaluated for impairment $ 93 $ 303 $ 203 $ 44 $ — $ — $ — $ 643 Ending balance: collectively evaluated for impairment $ 858 $ 1,674 $ 1,144 $ 420 $ 103 $ 42 $ 196 $ 4,437 Loans: Ending balance $ 36,489 $ 227,710 $ 161,299 $ 28,132 $ 13,874 $ 2,316 $ — $ 469,820 Ending balance individually evaluated for impairment $ 2,665 $ 6,550 $ 5,716 $ 2,106 $ — $ — $ — $ 17,037 Ending balance collectively evaluated for impairment $ 33,824 $ 221,160 $ 155,583 $ 26,026 $ 13,874 $ 2,316 $ — $ 452,783 Impaired loans by class as of and for the periods ended September 30, 2015 and December 31, 2014 were as follows: As of and for the Nine Months Ended September 30, 2015 (in thousands) Unpaid Principal Balance Recorded Investment (1) Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial - Non Real Estate: Commercial & Industrial $ 1,081 $ 881 $ — $ 1,075 $ 3 Commercial Real Estate: Owner Occupied 2,439 2,273 — 2,375 22 Non-owner occupied 1,242 1,176 — 1,183 — Construction and Farmland: Residential 140 140 — 134 3 Commercial 1,367 1,348 — 1,372 34 Residential: Equity lines 399 219 — 221 1 Single family 4,663 4,550 — 4,701 104 Multifamily — — — — — Other Loans — — — — — $ 11,331 $ 10,587 $ — $ 11,061 $ 167 With an allowance recorded: Commercial - Non Real Estate: Commercial & Industrial $ 73 $ 73 $ 8 $ 81 $ 13 Commercial Real Estate: Owner Occupied — — — — — Non-owner occupied 1,299 1,303 102 1,315 52 Construction and Farmland: Residential — — — — — Commercial 778 781 138 809 24 Residential: Equity lines 304 148 76 149 2 Single family 2,162 2,152 267 2,166 31 Multifamily — — — — — Other Loans — — — — — $ 4,616 $ 4,457 $ 591 $ 4,520 $ 122 Total: Commercial $ 1,154 $ 954 $ 8 $ 1,156 $ 16 Commercial Real Estate 4,980 4,752 102 4,873 74 Construction and Farmland 2,285 2,269 138 2,315 61 Residential 7,528 7,069 343 7,237 138 Other — — — — — Total $ 15,947 $ 15,044 $ 591 $ 15,581 $ 289 (1) Recorded investment is defined as the summation of the outstanding principal balance, accrued interest, net deferred loan fees or costs, and any partial charge-offs. As of and for the Twelve Months End December 31, 2014 (in thousands) Unpaid Principal Balance Recorded Investment (1) Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial - Non Real Estate: Commercial & Industrial $ 2,159 $ 2,013 $ — $ 2,256 $ 19 Commercial Real Estate: Owner Occupied 2,824 2,473 — 2,857 48 Non-owner occupied 2,675 2,560 — 2,796 86 Construction and Farmland: Residential — — — — — Commercial 2,319 2,319 — 2,362 68 Residential: Equity lines 252 78 — 252 — Single family 5,634 5,218 — 5,719 149 Multifamily — — — — — Other Loans — — — — — $ 15,863 $ 14,661 $ — $ 16,242 $ 370 With an allowance recorded: Commercial - Non Real Estate: Commercial & Industrial $ 289 $ 94 $ 44 $ 289 $ — Commercial Real Estate: Owner Occupied 689 689 203 704 33 Non-owner occupied — — — — — Construction and Farmland: Residential — — — — — Commercial 385 350 93 393 5 Residential: Equity lines 403 253 95 403 5 Single family 1,007 1,008 208 1,020 41 Multifamily — — — — — Other Loans — — — — — $ 2,773 $ 2,394 $ 643 $ 2,809 $ 84 Total: Commercial $ 2,448 $ 2,107 $ 44 $ 2,545 $ 19 Commercial Real Estate 6,188 5,722 203 6,357 167 Construction and Farmland 2,704 2,669 93 2,755 73 Residential 7,296 6,557 303 7,394 195 Other — — — — — Total $ 18,636 $ 17,055 $ 643 $ 19,051 $ 454 (1) Recorded investment is defined as the summation of the outstanding principal balance, accrued interest, net deferred loan fees or costs, and any partial charge-offs. The average recorded investment of impaired loans for the three months ended September 30, 2015 was $15.3 million . The interest income recognized on impaired loans for the three months ended September 30, 2015 was $94 thousand . When the ultimate collectability of the total principal of an impaired loan is in doubt and the loan is in nonaccrual status, all payments are applied to principal under the cost-recovery method. For financial statement purposes, the recorded investment in nonaccrual loans is the actual principal balance reduced by payments that would otherwise have been applied to interest. When reporting information on these loans to the applicable customers, the unpaid principal balance is reported as if payments were applied to principal and interest under the original terms of the loan agreements. Therefore, the unpaid principal balance reported to the customer would be higher than the recorded investment in the loan for financial statement purposes. When the ultimate collectability of the total principal of the impaired loan is not in doubt and the loan is in nonaccrual status, contractual interest is credited to interest income when received under the cash-basis method. 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 history of profits, cash flow ability and liquidity. Sufficient cash flow exists to service the loan. All obligations have been paid by the borrower in an as agreed manner. Pass Monitored Pass monitored loans may be experiencing income and cash volatility, inconsistent operating trends, nominal liquidity and/or a 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 negative trends and potential weakness that, if left uncorrected, may negatively affect the borrower’s ability to repay its obligations. The risk of default is not imminent and the borrower still demonstrates sufficient financial strength to service debt. Substandard Substandard loans exhibit well defined weaknesses resulting in a higher probability of default. The borrowers exhibit adverse financial trends and a diminishing ability or willingness to service debt. Doubtful Doubtful loans exhibit all of the characteristics inherent in substandard loans; however given the severity of weaknesses, the collection of 100% of the principal is unlikely under current conditions. Loss Loss loans are considered uncollectible over a reasonable period of time and of such little value that its continuance as a bankable asset is not warranted. Credit quality information by class at September 30, 2015 and December 31, 2014 was as follows: As of September 30, 2015 (in thousands) INTERNAL RISK RATING GRADES Pass Pass Monitored Special Mention Substandard Doubtful Loss Total Commercial - Non Real Estate: Commercial & Industrial $ 24,387 $ 2,098 $ 350 $ 459 $ 124 $ — $ 27,418 Commercial Real Estate: Owner Occupied 90,723 13,543 3,145 1,048 1,016 — 109,475 Non-owner occupied 41,932 19,763 — 1,762 — — 63,457 Construction and Farmland: Residential 8,454 — — 140 — — 8,594 Commercial 19,334 11,447 73 1,513 — — 32,367 Residential: Equity Lines 30,414 3,935 70 146 134 — 34,699 Single family 169,489 20,652 436 4,950 433 — 195,960 Multifamily 3,453 — — — — — 3,453 All other loans 2,128 49 — — — — 2,177 Total $ 390,314 $ 71,487 $ 4,074 $ 10,018 $ 1,707 $ — $ 477,600 Performing Nonperforming Consumer Credit Exposure by Payment Activity $ 13,556 $ 60 As of December 31, 2014 (in thousands) INTERNAL RISK RATING GRADES Pass Pass Monitored Special Mention Substandard Doubtful Loss Total Commercial - Non Real Estate: Commercial & Industrial $ 24,579 $ 1,775 $ 21 $ 701 $ 1,056 $ — $ 28,132 Commercial Real Estate: Owner Occupied 77,979 17,401 — 3,189 1,138 — 99,707 Non-owner occupied 42,630 14,779 1,402 2,733 48 — 61,592 Construction and Farm land: Residential 5,112 89 — — — — 5,201 Commercial 23,192 5,184 2,083 750 79 — 31,288 Residential: Equity Lines 29,440 1,429 — 185 67 — 31,121 Single family 165,932 21,011 — 6,062 568 — 193,573 Multifamily 2,144 872 — — — — 3,016 All other loans 2,316 — — — — — 2,316 Total $ 373,324 $ 62,540 $ 3,506 $ 13,620 $ 2,956 $ — $ 455,946 Performing Nonperforming Consumer Credit Exposure by Payment Activity $ 13,803 $ 71 |
Troubled Debt Restructurings
Troubled Debt Restructurings | 9 Months Ended |
Sep. 30, 2015 | |
Receivables [Abstract] | |
Troubled Debt Restructurings | 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 Company 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 twenty-three ( 23 ) troubled debt restructured loans totaling $7.8 million at September 30, 2015 . At December 31, 2014 , there were twenty-five ( 25 ) troubled debt restructured loans totaling $7.8 million . Two loans, totaling $340 thousand , were in nonaccrual status at September 30, 2015 . Eight loans, totaling $1.4 million , were in nonaccrual status at December 31, 2014 . There were no outstanding commitments to lend additional amounts to troubled debt restructured borrowers at September 30, 2015 or December 31, 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, 2015 and September 30, 2014 : Three Months Ended September 30, 2015 (in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential: Single family 1 $ 169 $ 169 1 $ 169 $ 169 Three Months Ended September 30, 2014 (in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial - Non Real Estate: Commercial & Industrial 1 $ 289 $ 289 Residential: Equity 1 69 69 Single family 1 652 350 3 $ 1,010 $ 708 Nine Months Ended September 30, 2015 (in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential: Single family 2 $ 688 $ 688 Total 2 $ 688 $ 688 Nine Months Ended September 30, 2014 (in thousands) Number of Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial - Non Real Estate: Commercial & Industrial 1 $ 289 $ 289 Residential: Equity Lines 1 69 69 Single family 1 652 350 Total 3 $ 1,010 $ 708 During the three months ended September 30, 2015 , the Company restructured one loan by granting concessions to borrowers experiencing financial difficulties. One residential loan was modified by changing the amortization period. During the nine months ended September 30, 2015 , the Company restructured one additional loan by granting concessions to borrowers experiencing financial difficulties. One residential loan was modified by changing the amortization period and interest rate in order to reduce the monthly payments. 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. 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 September 30, 2014 (in thousands) Number of Contracts Recorded Investment Construction and Farmland: Commercial 2 $ 1,608 Total 2 $ 1,608 Nine Months Ended September 30, 2015 (in thousands) Number of Contracts Recorded Investment Commercial - Non Real Estate: Commercial & Industrial 1 $ 73 Residential: Equity Lines 1 62 Total 2 $ 135 Nine Months Ended September 30, 2014 (in thousands) Number of Recorded Construction and Farmland: Commercial 2 $ 1,608 Total 2 $ 1,608 There were no payment defaults during the three months ended September 30, 2015 . 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, 2015 | |
Deposits [Abstract] | |
Deposits | NOTE 7. Deposits The composition of deposits at September 30, 2015 and December 31, 2014 was as follows: September 30, 2015 December 31, 2014 (in thousands) Noninterest bearing demand deposits $ 177,005 $ 159,352 Savings and interest bearing demand deposits: NOW accounts $ 77,494 $ 81,441 Money market accounts 100,090 98,314 Regular savings accounts 77,551 69,550 $ 255,135 $ 249,305 Time deposits: Balances of less than $250,000 $ 82,382 $ 85,899 Balances of $250,000 and more 13,349 9,260 $ 95,731 $ 95,159 $ 527,871 $ 503,816 |
Postretirement Benefit Plans
Postretirement Benefit Plans | 9 Months Ended |
Sep. 30, 2015 | |
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 benefit plan for the three months ended September 30, 2015 and 2014 were zero and $(1) thousand , respectively. Net periodic benefit costs of the postretirement benefit plan for the nine months ended September 30, 2015 and 2014 were $(1) thousand and $(3) thousand , respectively. |
Trust Preferred Capital Notes
Trust Preferred Capital Notes | 9 Months Ended |
Sep. 30, 2015 | |
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. At December 31, 2014 , the principal asset of Trust II was $7.2 million of the Company’s junior subordinated debt securities with the same maturity and interest rate structures as the capital securities. On July 29, 2015, the pool to which the Company's $7.0 million in outstanding trust preferred capital notes belonged was liquidated by means of auction. The Company was successful in purchasing the outstanding notes at a price of 65.375% of par or $4.6 million in cash, resulting in a gain on the redemption of $2.4 million . On August 7, 2015, the Trust II was dissolved. Outstanding 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 December 31, 2014 , the total amount ( $7.0 million ) of trust preferred securities issued by Trust II was included in the Company’s Tier 1 capital. |
Fair Value Measurements
Fair Value Measurements | 9 Months Ended |
Sep. 30, 2015 | |
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, 2015 and December 31, 2014 : Fair Value Measurements at September 30, 2015 Using Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2015 (Level 1) (Level 2) (Level 3) (in thousands) Assets: Securities available for sale Obligations of U.S. government corporations and agencies $ 39,385 $ — $ 39,385 $ — Mortgage-backed securities 21,412 — 21,412 — Obligations of states and political subdivisions 40,385 — 40,385 — Total assets at fair value $ 101,182 $ — $ 101,182 $ — Liabilities: Interest rate swap $ 207 — $ 207 — Total liabilities at fair value $ 207 $ — $ 207 $ — Fair Value Measurements at December 31, 2014 Using Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2014 (Level 1) (Level 2) (Level 3) (in thousands) Assets: Securities available for sale Obligations of U.S. government corporations and agencies $ 37,211 $ — $ 37,211 $ — Mortgage-backed securities 15,779 — 15,779 — Obligations of states and political subdivisions 40,410 — 40,410 — Corporate securities 765 — 765 — Total assets at fair value $ 94,165 $ — $ 94,165 $ — Liabilities: Interest rate swap $ 289 — $ 289 — Total liabilities at fair value $ 289 $ — $ 289 $ — 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 when due. The measurement of loss associated with impaired loans can be based on the present value of its expected future cash flows discounted at the loan's coupon rate, or at the loans' observable market price or the fair value of the collateral securing the loans, if they are collateral dependent. 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. The value of real estate collateral is determined utilizing a market valuation approach based on an appraisal conducted by an independent, licensed appraiser using observable market data within the last twelve months (Level 2). However, if the collateral is a house or building in the process of construction or if an appraisal of the property is more than one year old and not solely based on observable market comparables or management determines the fair value of the collateral is further impaired below the appraised value, then a Level 3 valuation is considered to measure the fair value. The value of business equipment is based upon an outside appraisal, of one year or less, if deemed significant, or the net book value on the applicable business’s financial statements if not considered significant using observable market data. Likewise, values for inventory and accounts receivables collateral are based on financial statement balances or aging reports (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 fair value of the property, less estimated selling costs, establishing a new costs basis. Any write-downs based on the asset’s fair value at the date of acquisition are charged to the allowance for loan losses. 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 obtained 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. The fair value measurement of real estate held in other real estate owned is assessed in the same manner as impaired loans described above. 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, 2015 (dollars in thousands): Quantitative information about Level 3 Fair Value Measurements for September 30, 2015 Valuation Technique(s) Unobservable Input Range Weighted Average Assets: Impaired loans Discounted appraised value Selling cost 6% - 20% 14% Other real estate owned Discounted appraised value Selling cost 6% - 13% 9% The following table summarizes the Company’s financial and nonfinancial assets that were measured at fair value on a nonrecurring basis at September 30, 2015 and December 31, 2014 : Fair Value at September 30, 2015 Balance as of Identical Assets Observable Inputs Unobservable Inputs September 30, 2015 (Level 1) (Level 2) (Level 3) (in thousands) Financial Assets: Impaired loans $ 3,853 $ — $ — $ 3,853 Nonfinancial Assets: Other real estate owned 1,848 — — 1,848 Fair Value at December 31, 2014 Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2014 (Level 1) (Level 2) (Level 3) (in thousands) Financial Assets: Impaired loans $ 1,751 $ — $ — $ 1,751 Nonfinancial Assets: Other real estate owned 2,102 — — 2,102 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 due from banks and interest-bearing deposits/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, 2015 and December 31, 2014 were as follows: Fair Value Measurements at September 30, 2015 Using Carrying Value as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value as of September 30, 2015 (Level 1) (Level 2) (Level 3) September 30, 2015 (in thousands) Financial Assets: Cash and due from banks and interest-bearing deposits $ 16,941 $ 16,941 $ — $ — $ 16,941 Securities available for sale 101,182 — 101,182 — 101,182 Restricted Investments 2,321 — 2,321 — 2,321 Loans, net 486,052 — — 490,524 490,524 Accrued interest receivable 1,723 — 1,723 — 1,723 Financial Liabilities: Deposits $ 527,871 $ — $ 527,765 $ — $ 527,765 Federal Home Loan Bank advances 30,000 — 30,042 — 30,042 Accrued interest payable 64 — 64 — 64 Interest rate swap contract 207 — 207 — 207 Fair Value Measurements at December 31, 2014 Using Carrying Value Quoted Prices Significant Significant Fair Value as of December 31, 2014 (Level 1) (Level 2) (Level 3) December 31, 2014 (in thousands) Financial assets: Cash and due from banks and interest-bearing deposits $ 34,564 $ 34,564 $ — $ — $ 34,564 Securities available for sale 94,165 — 94,165 — 94,165 Restricted Investments 2,808 — 2,808 — 2,808 Loans, net 464,740 — — 470,781 470,781 Accrued interest receivable 1,703 — 1,703 — 1,703 Financial liabilities: Deposits $ 503,816 $ — $ 503,917 $ — $ 503,917 Federal Home Loan Bank advances 40,000 — 40,152 — 40,152 Trust preferred capital notes 7,217 — 7,217 — 7,217 Accrued interest payable 160 — 160 — 160 Interest rate swap contract 289 — 289 — 289 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 Hedg
Derivative Instruments And Hedging Activities | 9 Months Ended |
Sep. 30, 2015 | |
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 below. 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. The Company follows GAAP to account for derivative and hedging activities. Accordingly, a derivative is recognized in the balance sheet at its fair value. The fair value of a derivative is determined by quoted market prices and mathematical models using current and historical data. If certain hedging criteria are met, including testing for hedge effectiveness, special hedge accounting may be applied. The Company assesses each hedge, both at inception and on an ongoing basis, to determine whether the derivative used in a hedging transaction is effective in offsetting changes in the fair value or cash flows of the hedged item and whether the derivative is expected to remain effective during subsequent periods. The Company discontinues hedge accounting when (a) it determines that a derivative is no longer effective in offsetting changes in fair value or cash flows of a hedged item; (b) the derivative expires or is sold, terminated or exercised; (c) probability exists that the forecasted transaction will no longer occur or (d) management determines that designating the derivative as a hedging instrument is no longer appropriate. When hedge accounting is discontinued and a derivative remains outstanding, the Company recognizes the derivative in the balance sheet at its fair value and changes in the fair value are recognized in net income. At inception, the Company designates a derivative as (a) a fair value hedge of recognized assets or liabilities or of unrecognized firm commitments (fair-value hedge) or (b) a hedge of forecasted transactions or variable cash flows to be received or paid in conjunction with recognized assets or liabilities (cash-flow hedge). For a derivative treated as a fair-value hedge, a change in fair value is recorded as an adjustment to the hedged item and recognized in net income. For a derivative treated as a cash flow hedge, the effective portion of a change in fair value is recorded as an adjustment to the hedged item and recognized as a component of accumulated other comprehensive income (loss) within shareholders’ equity. For a derivative treated as a cash flow hedge, the ineffective portion of a change in fair value is recorded as an adjustment to the hedged item and recognized in net income. 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. This agreement was designated as a cash-flow hedge at inception of the contract until the redemption of the trust preferred capital notes on July 29, 2015. As a result of the redemption, the derivative contract is no longer classified as a cash flow hedge and is currently recorded in the balance sheet at its fair value with changes in fair value recorded in Other operating (loss) income in the Consolidated Statements of Income. The following table summarizes the fair value of derivative instruments at September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 Balance Sheet Location Fair Value Balance Sheet Location Fair Value (dollars in thousands) Derivatives designated as hedging instruments under GAAP Interest rate swap contracts Other Liabilities $ — Other Liabilities $ 289 Derivatives not designated as hedging instruments under GAAP Interest rate swap contracts Other Liabilities 207 Other Liabilities — The following tables present the effect of the derivative instrument on the Consolidated Balance Sheets at September 30, 2015 and 2014 and the Consolidated Statements of Income for the three and nine months ended September 30, 2015 and 2014 : Three Months Ended September 30, Derivatives in GAAP Amount of Gain (Loss) Location of Gain (Loss) Amount of Gain (Loss) 2015 2014 2015 2014 (dollars in thousands) (dollars in thousands) Interest rate swap contracts, net of tax $ — $ 41 n/a $ — $ — Nine Months Ended September 30, Derivatives in GAAP Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain (Loss) Recognized in Income (Ineffective Portion) Amount of Gain (Loss) Recognized in Income (Ineffective Portion) 2015 2014 2015 2014 (dollars in thousands) (dollars in thousands) Interest rate swap contracts, net of tax $ — $ 79 n/a $ — $ — The balance of the interest rate swap liability was $237 thousand at the time of the redemption of the Company's trust preferred debt on July 29, 2015. The total amount recorded in accumulated other comprehensive income at that date was reclassified to earnings due to the derecognition of the cash flow hedge. Subsequent to the redemption of the debt and reclassification, the interest rate swap derivative was adjusted to its fair value resulting in a $30 thousand gain recorded in other operating (loss) income for the three and nine months ended September 30, 2015 . |
Change in Accumulated Other Com
Change in Accumulated Other Comprehensive Income | 9 Months Ended |
Sep. 30, 2015 | |
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 accumulated 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, 2015 2014 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) July 1 $ 851 $ (156 ) $ 39 $ 734 $ 1,766 $ (248 ) $ 44 $ 1,562 Other comprehensive income before reclassifications 782 — — 782 (28 ) 63 — 35 Reclassifications adjustments (20 ) 237 — 217 (87 ) — — (87 ) Tax effect of current period changes (259 ) (81 ) — (340 ) 39 (22 ) — 17 Current period changes net of taxes 503 156 — 659 (76 ) 41 — (35 ) September 30 $ 1,354 $ — $ 39 $ 1,393 $ 1,690 $ (207 ) $ 44 $ 1,527 Nine Months Ended September 30, 2015 2014 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) January 1 $ 1,466 $ (190 ) $ 39 $ 1,315 $ 547 $ (286 ) $ 44 $ 305 Other comprehensive (loss) income before reclassifications (54 ) 52 — (2 ) 1,824 120 — 1,944 Reclassifications adjustments (116 ) 237 — 121 (93 ) — — (93 ) Tax effect of current period changes 58 (99 ) — (41 ) (588 ) (41 ) — (629 ) Current period changes net of taxes (112 ) 190 — 78 1,143 79 — 1,222 September 30 $ 1,354 $ — $ 39 $ 1,393 $ 1,690 $ (207 ) $ 44 $ 1,527 For the three and nine months ended September 30, 2015 , $20 thousand and $116 thousand , respectively, was reclassified out of accumulated other comprehensive income and appeared as Gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was $7 thousand and $39 thousand for the three and nine months ended September 30, 2015 , respectively. 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. The tax related to these reclassifications was $30 thousand and $32 thousand , respectively, for the three and nine months ended September 30, 2014 . The tax is included in Income Tax Expense in the Consolidated Statements of Income. For the three and nine months ended September 30, 2015 , $237 thousand was reclassified out of accumulated other comprehensive income related to the Company's derecognition of it's cash flow hedge. This loss was recorded in Other operating (loss) income in the Consolidated Statements of Income. Tax related to this reclassification was $81 thousand and was included in Income Tax Expense in the Consolidated Statements of Income. There were no reclassifications related to cash flow hedges during the three and nine months ended September 30, 2014 . |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2015 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recent Accounting Pronouncements | NOTE 13. Recent Accounting Pronouncements 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 adoption of the new guidance did not have a material impact on our 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 adoption of the new guidance did not have a material impact on our 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. In November 2014, the FASB issued ASU No. 2014-16, “Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity.” The amendments in ASU do not change the current criteria in U.S. GAAP for determining when separation of certain embedded derivative features in a hybrid financial instrument is required. The amendments clarify how current U.S. GAAP should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. Specifically, the amendments clarify that an entity should consider all relevant terms and features, including the embedded derivative feature being evaluated for bifurcation, in evaluating the nature of the host contract. Furthermore, the amendments clarify that no single term or feature would necessarily determine the economic characteristics and risks of the host contract. Rather, the nature of the host contract depends upon the economic characteristics and risks of the entire hybrid financial instrument. The amendments in this ASU also clarify that, in evaluating the nature of a host contract, an entity should assess the substance of the relevant terms and features (i.e., the relative strength of the debt-like or equity-like terms and features given the facts and circumstances) when considering how to weight those terms and features. The amendments in this ASU are effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption, including adoption in an interim period, is permitted. The Company does not expect the adoption of ASU 2014-16 to have a material impact on its consolidated financial statements. In January 2015, the FASB issued ASU No. 2015-01, “Income Statement-Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” The amendments in this ASU eliminate from U.S. GAAP the concept of extraordinary items. Subtopic 225-20, Income Statement - Extraordinary and Unusual Items, required that an entity separately classify, present, and disclose extraordinary events and transactions. Presently, an event or transaction is presumed to be an ordinary and usual activity of the reporting entity unless evidence clearly supports its classification as an extraordinary item. If an event or transaction meets the criteria for extraordinary classification, an entity is required to segregate the extraordinary item from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations. The entity also is required to disclose applicable income taxes and either present or disclose earnings-per-share data applicable to the extraordinary item. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company does not expect the adoption of ASU 2015-01 to have a material impact on its consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis.” The amendments in this ASU are intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). In addition to reducing the number of consolidation models from four to two, the new standard simplifies the FASB Accounting Standards Codification™ and improves current GAAP by placing more emphasis on risk of loss when determining a controlling financial interest, reducing the frequency of the application of related-party guidance when determining a controlling financial interest in a variable interest entity (VIE), and changing consolidation conclusions for public and private companies in several industries that typically make use of limited partnerships or VIEs. The amendments in this ASU are effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. ASU 2015-02 may be applied retrospectively in previously issued financial statements for one or more years with a cumulative-effect adjustment to retained earnings as of the beginning of the first year restated. The Company does not expect the adoption of ASU 2015-02 to have a material impact on its consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The amendments in this ASU are intended to simplify the presentation of debt issuance costs. These amendments require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments in this ASU are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The Company does not expect the adoption of ASU 2015-03 to have a material impact on its consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-05, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement.” The amendments in this ASU provide guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The amendments do not change the accounting for a customer’s accounting for service contracts. As a result of the amendments, all software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. The amendments in this ASU are effective for public business entities for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. An entity can elect to adopt the amendments either: (1) prospectively to all arrangements entered into or materially modified after the effective date; or (2) retrospectively. The Company is currently assessing the impact that ASU 2015-05 will have on its consolidated financial statements. In May 2015, the FASB issued ASU No. 2015-08, “Business Combinations (Topic 805): Pushdown Accounting - Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115.” The amendments in ASU 2015-08 amend various SEC paragraphs pursuant to the issuance of Staff Accounting Bulletin No. 115, Topic 5: Miscellaneous Accounting, regarding various pushdown accounting issues, and did not have a material impact on our consolidated financial statements. In August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date.” The amendments in ASU 2015-14 defer the effective date of ASU 2014-09 for all entities by one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. All other entities may apply the guidance in ASU 2014-09 earlier as of an annual reporting period beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities also may apply the guidance in ASU 2014-09 earlier as of an annual reporting period beginning after December 15, 2016, and interim reporting periods within annual reporting periods beginning one year after the annual reporting period in which the entity first applies the guidance in ASU 2014-09. The Company does not expect the adoption of ASU 2015-14 or ASU 2014-09 to have a material impact on its consolidated financial statements. In August 2015, the FASB issued ASU 2015-15, “Interest - Imputation of Interest (Subtopic 835-30) - Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting).” On April 7, 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, which requires entities to present debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of that debt liability. The guidance in ASU 2015-03 (see paragraph 835-30-45-1A) does not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, the SEC staff stated that they would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. ASU 2015-15 adds these SEC comments to the "S" section of the Codification. The Company does not expect the adoption of ASU 2015-15 to have a material impact on its consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments.” The amendments in ASU 2015-16 require that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. The amendments also require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the estimated amounts had been recognized as of the acquisition date. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments should be applied prospectively to adjustments to provisional amounts that occur after the effective date with earlier application permitted for financial statements that have not been issued. The Company does not expect the adoption of ASU 2015-16 to have a material impact on its consolidated financial statements. |
Other Real Estate Owned (Notes)
Other Real Estate Owned (Notes) | 9 Months Ended |
Sep. 30, 2015 | |
Banking and Thrift [Abstract] | |
Real Estate Owned | NOTE 14. Other Real Estate Owned The following table is a summary of other real estate owned (OREO) activity for the nine months ended September 30, 2015 and 2014 and the year ended December 31, 2014 : Nine Months Ended Year Ended Nine Months Ended September 30, December 31, September 30, 2015 2014 2014 (in thousands) Balance, beginning $ 2,102 $ 1,646 $ 1,646 Net loans transferred to OREO 736 1,248 680 Sales (937 ) (792 ) (682 ) Valuation adjustments (53 ) — — Balance, ending $ 1,848 $ 2,102 $ 1,644 The major classifications of other real estate owned in the consolidated balance sheets at September 30, 2015 and December 31, 2014 were as follows: As of September 30, 2015 December 31, 2014 (in thousands) Construction and Farmland $ 1,271 $ 1,531 Residential Real Estate 630 166 Commercial Real Estate — 405 Subtotal $ 1,901 $ 2,102 Less valuation allowance 53 — Total $ 1,848 $ 2,102 There were no consumer mortgage loans collateralized by residential real estate in the process of foreclosure at September 30, 2015 and December 31, 2014 . |
Stock-Based Compensation Plan (
Stock-Based Compensation Plan (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Share-based Compensation [Abstract] | |
Restricted Stock Activity | Nine Months Ended September 30, 2015 2014 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Nonvested, beginning of period 15,151 $ 22.27 17,050 $ 19.92 Granted 14,650 23.85 14,900 23.50 Vested (9,363 ) 21.80 (10,009 ) 19.65 Forfeited (1,037 ) 23.50 (2,790 ) 22.11 Nonvested, end of period 19,401 $ 23.63 19,151 $ 22.53 |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
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, 2015 and 2014 and the effect on the weighted average number of shares of dilutive potential common stock. During 2015 and 2014 , there were no potentially dilutive securities outstanding. Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Average number of common shares outstanding 3,503,412 3,451,041 3,489,388 3,431,356 Effect of dilutive common stock — — — — Average number of common shares outstanding used to calculate diluted earnings per share 3,503,412 3,451,041 3,489,388 3,431,356 |
Securities (Tables)
Securities (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
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, 2015 and December 31, 2014 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value September 30, 2015 (in thousands) Obligations of U.S. government corporations and agencies $ 38,808 $ 625 $ (48 ) $ 39,385 Mortgage-backed securities 21,111 384 (83 ) 21,412 Obligations of states and political subdivisions 39,210 1,195 (20 ) 40,385 $ 99,129 $ 2,204 $ (151 ) $ 101,182 December 31, 2014 (in thousands) Obligations of U.S. government corporations and agencies $ 36,911 $ 599 $ (299 ) $ 37,211 Mortgage-backed securities 15,245 545 (11 ) 15,779 Obligations of states and political subdivisions 39,025 1,432 (47 ) 40,410 Corporate securities 761 4 — 765 $ 91,942 $ 2,580 $ (357 ) $ 94,165 |
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, 2015 and December 31, 2014 were as follows: Less than 12 months 12 months or more Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses September 30, 2015 (in thousands) Obligations of U.S. government corporations and agencies $ 11,877 $ 39 $ 1,991 $ 9 $ 13,868 $ 48 Mortgage-backed securities 7,313 68 1,190 15 8,503 83 Obligations of states and political subdivisions 3,530 18 1,012 2 4,542 20 $ 22,720 $ 125 $ 4,193 $ 26 $ 26,913 $ 151 December 31, 2014 (in thousands) Obligations of U.S. government corporations and agencies $ 1,997 $ 1 $ 21,615 $ 298 $ 23,612 $ 299 Mortgage-backed securities — — 1,444 11 1,444 11 Obligations of states and political subdivisions 2,998 12 2,414 35 5,412 47 $ 4,995 $ 13 $ 25,473 $ 344 $ 30,468 $ 357 |
Restricted Investments | The composition of restricted investments at September 30, 2015 and December 31, 2014 was as follows: September 30, 2015 December 31, 2014 (in thousands) Federal Reserve Bank Stock $ 344 $ 344 Federal Home Loan Bank Stock 1,837 2,324 Community Bankers’ Bank Stock 140 140 $ 2,321 $ 2,808 |
Allowance For Loan Losses (Tabl
Allowance For Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Receivables [Abstract] | |
Changes In Allowance For Loan Losses | Changes in the allowance for loan losses for the nine months ended September 30, 2015 and 2014 and the year ended December 31, 2014 were as follows: Nine Months Ended Year Ended Nine Months Ended September 30, December 31, September 30, 2015 2014 2014 (in thousands) Balance, beginning $ 5,080 $ 5,488 $ 5,488 Provision charged to operating expense 23 350 — Recoveries added to the allowance 499 725 614 Loan losses charged to the allowance (438 ) (1,483 ) (515 ) Balance, ending $ 5,164 $ 5,080 $ 5,587 |
Nonaccrual And Past Due Loans By Class | Nonaccrual and past due loans by class at September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 (in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due Total Past Due Current Total Loans 90 or More Days Past Due Still Accruing Nonaccrual Loans Commercial - Non Real Estate: Commercial & Industrial $ 108 $ — $ — $ 108 $ 27,310 $ 27,418 $ — $ 560 Commercial Real Estate: Owner Occupied 871 — — 871 108,604 109,475 — 1,712 Non-owner occupied 907 — 766 1,673 61,784 63,457 — 971 Construction and Farmland: Residential — 249 140 389 8,205 8,594 — 140 Commercial — 53 — 53 32,314 32,367 — 326 Consumer: Installment 58 1 1 60 13,556 13,616 1 — Residential: Equity Lines 3,423 6 — 3,429 31,270 34,699 — 281 Single family 2,397 — 733 3,130 192,830 195,960 — 1,683 Multifamily — — — — 3,453 3,453 — — All Other Loans — — — — 2,177 2,177 — — Total $ 7,764 $ 309 $ 1,640 $ 9,713 $ 481,503 $ 491,216 $ 1 $ 5,673 December 31, 2014 (in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due Total Past Due Current Total Loans 90 or More Past Due Still Accruing Nonaccrual Loans Commercial - Non Real Estate: Commercial & Industrial $ 28 $ — $ — $ 28 $ 28,104 $ 28,132 $ — $ 2,106 Commercial Real Estate: Owner Occupied 2,191 — — 2,191 97,516 99,707 — 2,591 Non-owner occupied 56 210 808 1,074 60,518 61,592 — 1,231 Construction and Farmland: Residential — 52 — 52 5,149 5,201 — — Commercial — — 57 57 31,231 31,288 — 787 Consumer: Installment 50 15 6 71 13,803 13,874 6 — Residential: Equity Lines 132 41 185 358 30,763 31,121 — 331 Single family 1,243 440 644 2,327 191,246 193,573 — 3,660 Multifamily — — — — 3,016 3,016 — — All Other Loans — — — — 2,316 2,316 — — Total $ 3,700 $ 758 $ 1,700 $ 6,158 $ 463,662 $ 469,820 $ 6 $ 10,706 |
Allowance For Loan Losses By Segment | Allowance for loan losses by segment at September 30, 2015 and December 31, 2014 were as follows: As of and for the Nine Months Ended September 30, 2015 (in thousands) Construction and Farmland Residential Commercial Real Estate Commercial - Non Real Estate Consumer All Other Loans Unallocated Total Allowance for credit losses: Beginning Balance $ 951 $ 1,977 $ 1,347 $ 464 $ 103 $ 42 $ 196 $ 5,080 Charge-Offs (166 ) (152 ) (47 ) — (54 ) (19 ) — (438 ) Recoveries 63 157 60 179 26 14 — 499 Provision 85 102 89 (307 ) 27 13 14 23 Ending balance $ 933 $ 2,084 $ 1,449 $ 336 $ 102 $ 50 $ 210 $ 5,164 Ending balance: Individually evaluated for impairment $ 138 $ 343 $ 102 $ 8 $ — $ — $ — $ 591 Ending balance: collectively evaluated for impairment $ 795 $ 1,741 $ 1,347 $ 328 $ 102 $ 50 $ 210 $ 4,573 Loans: Ending balance $ 40,961 $ 234,112 $ 172,932 $ 27,418 $ 13,616 $ 2,177 $ — $ 491,216 Ending balance individually evaluated for impairment $ 2,266 $ 7,052 $ 4,746 $ 953 $ — $ — $ — $ 15,017 Ending balance collectively evaluated for impairment $ 38,695 $ 227,060 $ 168,186 $ 26,465 $ 13,616 $ 2,177 $ — $ 476,199 As of and for the Twelve Months Ended December 31, 2014 (in thousands) Construction and Farmland Residential Commercial Real Estate Commercial - Non Real Estate Consumer All Other Loans Unallocated Total Allowance for credit losses: Beginning Balance $ 1,032 $ 2,225 $ 1,337 $ 555 $ 102 $ 82 $ 155 $ 5,488 Charge-Offs (482 ) (808 ) (83 ) — (86 ) (24 ) — (1,483 ) Recoveries 26 63 381 164 87 4 — 725 Provision 375 497 (288 ) (255 ) — (20 ) 41 350 Ending balance $ 951 $ 1,977 $ 1,347 $ 464 $ 103 $ 42 $ 196 $ 5,080 Ending balance: Individually evaluated for impairment $ 93 $ 303 $ 203 $ 44 $ — $ — $ — $ 643 Ending balance: collectively evaluated for impairment $ 858 $ 1,674 $ 1,144 $ 420 $ 103 $ 42 $ 196 $ 4,437 Loans: Ending balance $ 36,489 $ 227,710 $ 161,299 $ 28,132 $ 13,874 $ 2,316 $ — $ 469,820 Ending balance individually evaluated for impairment $ 2,665 $ 6,550 $ 5,716 $ 2,106 $ — $ — $ — $ 17,037 Ending balance collectively evaluated for impairment $ 33,824 $ 221,160 $ 155,583 $ 26,026 $ 13,874 $ 2,316 $ — $ 452,783 |
Impaired Loans By Class | Impaired loans by class as of and for the periods ended September 30, 2015 and December 31, 2014 were as follows: As of and for the Nine Months Ended September 30, 2015 (in thousands) Unpaid Principal Balance Recorded Investment (1) Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial - Non Real Estate: Commercial & Industrial $ 1,081 $ 881 $ — $ 1,075 $ 3 Commercial Real Estate: Owner Occupied 2,439 2,273 — 2,375 22 Non-owner occupied 1,242 1,176 — 1,183 — Construction and Farmland: Residential 140 140 — 134 3 Commercial 1,367 1,348 — 1,372 34 Residential: Equity lines 399 219 — 221 1 Single family 4,663 4,550 — 4,701 104 Multifamily — — — — — Other Loans — — — — — $ 11,331 $ 10,587 $ — $ 11,061 $ 167 With an allowance recorded: Commercial - Non Real Estate: Commercial & Industrial $ 73 $ 73 $ 8 $ 81 $ 13 Commercial Real Estate: Owner Occupied — — — — — Non-owner occupied 1,299 1,303 102 1,315 52 Construction and Farmland: Residential — — — — — Commercial 778 781 138 809 24 Residential: Equity lines 304 148 76 149 2 Single family 2,162 2,152 267 2,166 31 Multifamily — — — — — Other Loans — — — — — $ 4,616 $ 4,457 $ 591 $ 4,520 $ 122 Total: Commercial $ 1,154 $ 954 $ 8 $ 1,156 $ 16 Commercial Real Estate 4,980 4,752 102 4,873 74 Construction and Farmland 2,285 2,269 138 2,315 61 Residential 7,528 7,069 343 7,237 138 Other — — — — — Total $ 15,947 $ 15,044 $ 591 $ 15,581 $ 289 (1) Recorded investment is defined as the summation of the outstanding principal balance, accrued interest, net deferred loan fees or costs, and any partial charge-offs. As of and for the Twelve Months End December 31, 2014 (in thousands) Unpaid Principal Balance Recorded Investment (1) Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial - Non Real Estate: Commercial & Industrial $ 2,159 $ 2,013 $ — $ 2,256 $ 19 Commercial Real Estate: Owner Occupied 2,824 2,473 — 2,857 48 Non-owner occupied 2,675 2,560 — 2,796 86 Construction and Farmland: Residential — — — — — Commercial 2,319 2,319 — 2,362 68 Residential: Equity lines 252 78 — 252 — Single family 5,634 5,218 — 5,719 149 Multifamily — — — — — Other Loans — — — — — $ 15,863 $ 14,661 $ — $ 16,242 $ 370 With an allowance recorded: Commercial - Non Real Estate: Commercial & Industrial $ 289 $ 94 $ 44 $ 289 $ — Commercial Real Estate: Owner Occupied 689 689 203 704 33 Non-owner occupied — — — — — Construction and Farmland: Residential — — — — — Commercial 385 350 93 393 5 Residential: Equity lines 403 253 95 403 5 Single family 1,007 1,008 208 1,020 41 Multifamily — — — — — Other Loans — — — — — $ 2,773 $ 2,394 $ 643 $ 2,809 $ 84 Total: Commercial $ 2,448 $ 2,107 $ 44 $ 2,545 $ 19 Commercial Real Estate 6,188 5,722 203 6,357 167 Construction and Farmland 2,704 2,669 93 2,755 73 Residential 7,296 6,557 303 7,394 195 Other — — — — — Total $ 18,636 $ 17,055 $ 643 $ 19,051 $ 454 |
Credit Quality Information By Class | Credit quality information by class at September 30, 2015 and December 31, 2014 was as follows: As of September 30, 2015 (in thousands) INTERNAL RISK RATING GRADES Pass Pass Monitored Special Mention Substandard Doubtful Loss Total Commercial - Non Real Estate: Commercial & Industrial $ 24,387 $ 2,098 $ 350 $ 459 $ 124 $ — $ 27,418 Commercial Real Estate: Owner Occupied 90,723 13,543 3,145 1,048 1,016 — 109,475 Non-owner occupied 41,932 19,763 — 1,762 — — 63,457 Construction and Farmland: Residential 8,454 — — 140 — — 8,594 Commercial 19,334 11,447 73 1,513 — — 32,367 Residential: Equity Lines 30,414 3,935 70 146 134 — 34,699 Single family 169,489 20,652 436 4,950 433 — 195,960 Multifamily 3,453 — — — — — 3,453 All other loans 2,128 49 — — — — 2,177 Total $ 390,314 $ 71,487 $ 4,074 $ 10,018 $ 1,707 $ — $ 477,600 Performing Nonperforming Consumer Credit Exposure by Payment Activity $ 13,556 $ 60 As of December 31, 2014 (in thousands) INTERNAL RISK RATING GRADES Pass Pass Monitored Special Mention Substandard Doubtful Loss Total Commercial - Non Real Estate: Commercial & Industrial $ 24,579 $ 1,775 $ 21 $ 701 $ 1,056 $ — $ 28,132 Commercial Real Estate: Owner Occupied 77,979 17,401 — 3,189 1,138 — 99,707 Non-owner occupied 42,630 14,779 1,402 2,733 48 — 61,592 Construction and Farm land: Residential 5,112 89 — — — — 5,201 Commercial 23,192 5,184 2,083 750 79 — 31,288 Residential: Equity Lines 29,440 1,429 — 185 67 — 31,121 Single family 165,932 21,011 — 6,062 568 — 193,573 Multifamily 2,144 872 — — — — 3,016 All other loans 2,316 — — — — — 2,316 Total $ 373,324 $ 62,540 $ 3,506 $ 13,620 $ 2,956 $ — $ 455,946 Performing Nonperforming Consumer Credit Exposure by Payment Activity $ 13,803 $ 71 |
Troubled Debt Restructurings (T
Troubled Debt Restructurings (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Receivables [Abstract] | |
Schedule Of Troubled Debt Restructurings On Financing Receivables | There were twenty-three ( 23 ) troubled debt restructured loans totaling $7.8 million at September 30, 2015 . At December 31, 2014 , there were twenty-five ( 25 ) troubled debt restructured loans totaling $7.8 million . Two loans, totaling $340 thousand , were in nonaccrual status at September 30, 2015 . Eight loans, totaling $1.4 million , were in nonaccrual status at December 31, 2014 . There were no outstanding commitments to lend additional amounts to troubled debt restructured borrowers at September 30, 2015 or December 31, 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, 2015 and September 30, 2014 : Three Months Ended September 30, 2015 (in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential: Single family 1 $ 169 $ 169 1 $ 169 $ 169 Three Months Ended September 30, 2014 (in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial - Non Real Estate: Commercial & Industrial 1 $ 289 $ 289 Residential: Equity 1 69 69 Single family 1 652 350 3 $ 1,010 $ 708 Nine Months Ended September 30, 2015 (in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential: Single family 2 $ 688 $ 688 Total 2 $ 688 $ 688 Nine Months Ended September 30, 2014 (in thousands) Number of Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial - Non Real Estate: Commercial & Industrial 1 $ 289 $ 289 Residential: Equity Lines 1 69 69 Single family 1 652 350 Total 3 $ 1,010 $ 708 |
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 September 30, 2014 (in thousands) Number of Contracts Recorded Investment Construction and Farmland: Commercial 2 $ 1,608 Total 2 $ 1,608 Nine Months Ended September 30, 2015 (in thousands) Number of Contracts Recorded Investment Commercial - Non Real Estate: Commercial & Industrial 1 $ 73 Residential: Equity Lines 1 62 Total 2 $ 135 Nine Months Ended September 30, 2014 (in thousands) Number of Recorded Construction and Farmland: Commercial 2 $ 1,608 Total 2 $ 1,608 |
Deposits (Tables)
Deposits (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Deposits [Abstract] | |
Composition Of Deposits | The composition of deposits at September 30, 2015 and December 31, 2014 was as follows: September 30, 2015 December 31, 2014 (in thousands) Noninterest bearing demand deposits $ 177,005 $ 159,352 Savings and interest bearing demand deposits: NOW accounts $ 77,494 $ 81,441 Money market accounts 100,090 98,314 Regular savings accounts 77,551 69,550 $ 255,135 $ 249,305 Time deposits: Balances of less than $250,000 $ 82,382 $ 85,899 Balances of $250,000 and more 13,349 9,260 $ 95,731 $ 95,159 $ 527,871 $ 503,816 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
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, 2015 and December 31, 2014 : Fair Value Measurements at September 30, 2015 Using Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2015 (Level 1) (Level 2) (Level 3) (in thousands) Assets: Securities available for sale Obligations of U.S. government corporations and agencies $ 39,385 $ — $ 39,385 $ — Mortgage-backed securities 21,412 — 21,412 — Obligations of states and political subdivisions 40,385 — 40,385 — Total assets at fair value $ 101,182 $ — $ 101,182 $ — Liabilities: Interest rate swap $ 207 — $ 207 — Total liabilities at fair value $ 207 $ — $ 207 $ — Fair Value Measurements at December 31, 2014 Using Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2014 (Level 1) (Level 2) (Level 3) (in thousands) Assets: Securities available for sale Obligations of U.S. government corporations and agencies $ 37,211 $ — $ 37,211 $ — Mortgage-backed securities 15,779 — 15,779 — Obligations of states and political subdivisions 40,410 — 40,410 — Corporate securities 765 — 765 — Total assets at fair value $ 94,165 $ — $ 94,165 $ — Liabilities: Interest rate swap $ 289 — $ 289 — Total liabilities at fair value $ 289 $ — $ 289 $ — |
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, 2015 (dollars in thousands): Quantitative information about Level 3 Fair Value Measurements for September 30, 2015 Valuation Technique(s) Unobservable Input Range Weighted Average Assets: Impaired loans Discounted appraised value Selling cost 6% - 20% 14% Other real estate owned Discounted appraised value Selling cost 6% - 13% 9% |
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, 2015 and December 31, 2014 : Fair Value at September 30, 2015 Balance as of Identical Assets Observable Inputs Unobservable Inputs September 30, 2015 (Level 1) (Level 2) (Level 3) (in thousands) Financial Assets: Impaired loans $ 3,853 $ — $ — $ 3,853 Nonfinancial Assets: Other real estate owned 1,848 — — 1,848 Fair Value at December 31, 2014 Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2014 (Level 1) (Level 2) (Level 3) (in thousands) Financial Assets: Impaired loans $ 1,751 $ — $ — $ 1,751 Nonfinancial Assets: Other real estate owned 2,102 — — 2,102 |
Company's Financial Instruments | The carrying value and fair value of the Company’s financial instruments at September 30, 2015 and December 31, 2014 were as follows: Fair Value Measurements at September 30, 2015 Using Carrying Value as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value as of September 30, 2015 (Level 1) (Level 2) (Level 3) September 30, 2015 (in thousands) Financial Assets: Cash and due from banks and interest-bearing deposits $ 16,941 $ 16,941 $ — $ — $ 16,941 Securities available for sale 101,182 — 101,182 — 101,182 Restricted Investments 2,321 — 2,321 — 2,321 Loans, net 486,052 — — 490,524 490,524 Accrued interest receivable 1,723 — 1,723 — 1,723 Financial Liabilities: Deposits $ 527,871 $ — $ 527,765 $ — $ 527,765 Federal Home Loan Bank advances 30,000 — 30,042 — 30,042 Accrued interest payable 64 — 64 — 64 Interest rate swap contract 207 — 207 — 207 Fair Value Measurements at December 31, 2014 Using Carrying Value Quoted Prices Significant Significant Fair Value as of December 31, 2014 (Level 1) (Level 2) (Level 3) December 31, 2014 (in thousands) Financial assets: Cash and due from banks and interest-bearing deposits $ 34,564 $ 34,564 $ — $ — $ 34,564 Securities available for sale 94,165 — 94,165 — 94,165 Restricted Investments 2,808 — 2,808 — 2,808 Loans, net 464,740 — — 470,781 470,781 Accrued interest receivable 1,703 — 1,703 — 1,703 Financial liabilities: Deposits $ 503,816 $ — $ 503,917 $ — $ 503,917 Federal Home Loan Bank advances 40,000 — 40,152 — 40,152 Trust preferred capital notes 7,217 — 7,217 — 7,217 Accrued interest payable 160 — 160 — 160 Interest rate swap contract 289 — 289 — 289 |
Derivative Instruments And He31
Derivative Instruments And Hedging Activities (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
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, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 Balance Sheet Location Fair Value Balance Sheet Location Fair Value (dollars in thousands) Derivatives designated as hedging instruments under GAAP Interest rate swap contracts Other Liabilities $ — Other Liabilities $ 289 Derivatives not designated as hedging instruments under GAAP Interest rate swap contracts Other Liabilities 207 Other Liabilities — |
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 Sheets at September 30, 2015 and 2014 and the Consolidated Statements of Income for the three and nine months ended September 30, 2015 and 2014 : Three Months Ended September 30, Derivatives in GAAP Amount of Gain (Loss) Location of Gain (Loss) Amount of Gain (Loss) 2015 2014 2015 2014 (dollars in thousands) (dollars in thousands) Interest rate swap contracts, net of tax $ — $ 41 n/a $ — $ — Nine Months Ended September 30, Derivatives in GAAP Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain (Loss) Recognized in Income (Ineffective Portion) Amount of Gain (Loss) Recognized in Income (Ineffective Portion) 2015 2014 2015 2014 (dollars in thousands) (dollars in thousands) Interest rate swap contracts, net of tax $ — $ 79 n/a $ — $ — |
Change in Accumulated Other C32
Change in Accumulated Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
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, 2015 2014 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) July 1 $ 851 $ (156 ) $ 39 $ 734 $ 1,766 $ (248 ) $ 44 $ 1,562 Other comprehensive income before reclassifications 782 — — 782 (28 ) 63 — 35 Reclassifications adjustments (20 ) 237 — 217 (87 ) — — (87 ) Tax effect of current period changes (259 ) (81 ) — (340 ) 39 (22 ) — 17 Current period changes net of taxes 503 156 — 659 (76 ) 41 — (35 ) September 30 $ 1,354 $ — $ 39 $ 1,393 $ 1,690 $ (207 ) $ 44 $ 1,527 Nine Months Ended September 30, 2015 2014 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) January 1 $ 1,466 $ (190 ) $ 39 $ 1,315 $ 547 $ (286 ) $ 44 $ 305 Other comprehensive (loss) income before reclassifications (54 ) 52 — (2 ) 1,824 120 — 1,944 Reclassifications adjustments (116 ) 237 — 121 (93 ) — — (93 ) Tax effect of current period changes 58 (99 ) — (41 ) (588 ) (41 ) — (629 ) Current period changes net of taxes (112 ) 190 — 78 1,143 79 — 1,222 September 30 $ 1,354 $ — $ 39 $ 1,393 $ 1,690 $ (207 ) $ 44 $ 1,527 |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Banking and Thrift [Abstract] | |
Other Real Estate, Roll Forward | Nine Months Ended Year Ended Nine Months Ended September 30, December 31, September 30, 2015 2014 2014 (in thousands) Balance, beginning $ 2,102 $ 1,646 $ 1,646 Net loans transferred to OREO 736 1,248 680 Sales (937 ) (792 ) (682 ) Valuation adjustments (53 ) — — Balance, ending $ 1,848 $ 2,102 $ 1,644 |
Schedule of Real Estate Properties | As of September 30, 2015 December 31, 2014 (in thousands) Construction and Farmland $ 1,271 $ 1,531 Residential Real Estate 630 166 Commercial Real Estate — 405 Subtotal $ 1,901 $ 2,102 Less valuation allowance 53 — Total $ 1,848 $ 2,102 |
General (Details)
General (Details) | Sep. 30, 2015 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Ownership percentage in subsidiaries | 100.00% |
Stock-Based Compensation Plan35
Stock-Based Compensation Plan (Restricted Stock Activity) (Details) - $ / shares | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock incentive plan, authorized common stock | 500,000 | |
Shares, Nonvested, beginning of period | 15,151 | 17,050 |
Shares, Granted | 14,650 | 14,900 |
Shares, Vested | (9,363) | (10,009) |
Shares, Forfeited | (1,037) | (2,790) |
Shares, Nonvested, end of period | 19,401 | 19,151 |
Weighted Average Grant Date Fair Value, Nonvested, beginning of period | $ 22.27 | $ 19.92 |
Weighted Average Grant Date Fair Value, Granted | 23.85 | 23.50 |
Weighted Average Grant Date Fair Value, Vested | 21.80 | 19.65 |
Weighted average Grant Date Fair Value, Forfeited | 23.50 | 22.11 |
Weighted Average Grant Date Fair Value, Nonvested, end of period | $ 23.63 | $ 22.53 |
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) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Average number of common shares outstanding | 3,503,412 | 3,451,041 | 3,489,388 | 3,431,356 |
Effect of dilutive common stock | 0 | 0 | 0 | 0 |
Average number of common shares outstanding used to calculate diluted earnings per share | 3,503,412 | 3,451,041 | 3,489,388 | 3,431,356 |
Securities (Narrative) (Details
Securities (Narrative) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2015USD ($)security | Sep. 30, 2014USD ($) | Sep. 30, 2015USD ($)security | Sep. 30, 2014USD ($) | Dec. 31, 2014security | |
Available-for-sale Securities [Abstract] | |||||
Sales of securities available for sale | $ 3,424 | $ 1,129 | |||
Gain (Loss) on Sale of Securities, Net | $ 20 | $ 87 | $ 116 | 93 | |
Debt securities included in gross unrealized losses on available for sale securities | security | 29 | 29 | 38 | ||
Carrying value of securities pledged as collateral | $ 3,400 | $ 3,400 | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax | $ (217) | $ 87 | $ (121) | $ 93 |
Securities (Amortized Costs And
Securities (Amortized Costs And Fair Values Of Securities Available For Sale) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 99,129 | $ 91,942 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 2,204 | 2,580 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (151) | (357) |
Securities available for sale, at fair value | 101,182 | 94,165 |
Obligations Of U.S. Government Corporations And Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 38,808 | 36,911 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 625 | 599 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (48) | (299) |
Securities available for sale, at fair value | 39,385 | 37,211 |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 21,111 | 15,245 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 384 | 545 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (83) | (11) |
Securities available for sale, at fair value | 21,412 | 15,779 |
Obligations Of States And Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 39,210 | 39,025 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 1,195 | 1,432 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (20) | (47) |
Securities available for sale, at fair value | $ 40,385 | 40,410 |
Corporate Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 761 | |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 4 | |
Securities available for sale, at fair value | $ 765 |
Securities (Fair Value And Gros
Securities (Fair Value And Gross Unrealized Losses For Securities Available For Sale) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less than 12 months | $ 22,720 | $ 4,995 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 125 | 13 |
Fair Value, 12 months or more | 4,193 | 25,473 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 26 | 344 |
Fair Value, Total | 26,913 | 30,468 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 151 | 357 |
Obligations Of U.S. Government Corporations And Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less than 12 months | 11,877 | 1,997 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 39 | 1 |
Fair Value, 12 months or more | 1,991 | 21,615 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 9 | 298 |
Fair Value, Total | 13,868 | 23,612 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 48 | 299 |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less than 12 months | 7,313 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 68 | |
Fair Value, 12 months or more | 1,190 | 1,444 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 15 | 11 |
Fair Value, Total | 8,503 | 1,444 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 83 | 11 |
Obligations Of States And Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less than 12 months | 3,530 | 2,998 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 18 | 12 |
Fair Value, 12 months or more | 1,012 | 2,414 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 2 | 35 |
Fair Value, Total | 4,542 | 5,412 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 20 | $ 47 |
Securities (Restricted Investme
Securities (Restricted Investments) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Carrying Value Qualitative Disclosures Related To Election [Line Items] | ||
Restricted Investments | $ 2,321 | $ 2,808 |
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 | 1,837 | 2,324 |
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 ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning Balance | $ 5,080 | $ 5,488 | $ 5,488 |
Provision charged to operating expense | 23 | 0 | 350 |
Recoveries added to the allowance | 499 | 614 | 725 |
Loan losses charged to the allowance | (438) | (515) | (1,483) |
Ending Balance | $ 5,164 | $ 5,587 | $ 5,080 |
Allowance For Loan Losses (Nona
Allowance For Loan Losses (Nonaccrual And Past Due Loans By Class) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | $ 9,713 | $ 6,158 |
Current | 481,503 | 463,662 |
Total Loans | 491,216 | 469,820 |
90 or More Days Past Due Still Accruing | 1 | 6 |
Nonaccrual Loans | 5,673 | 10,706 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 7,764 | 3,700 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 309 | 758 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 1,640 | 1,700 |
Commercial - Non Real Estate Commercial And Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 108 | 28 |
Current | 27,310 | 28,104 |
Total Loans | 27,418 | 28,132 |
90 or More Days Past Due Still Accruing | 0 | |
Nonaccrual Loans | 560 | 2,106 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 108 | 28 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 871 | 2,191 |
Current | 108,604 | 97,516 |
Total Loans | 109,475 | 99,707 |
Nonaccrual Loans | 1,712 | 2,591 |
Commercial Real Estate Owner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 871 | 2,191 |
Commercial Real Estate Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Commercial Real Estate Owner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Commercial Real Estate Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 1,673 | 1,074 |
Current | 61,784 | 60,518 |
Total Loans | 63,457 | 61,592 |
Nonaccrual Loans | 971 | 1,231 |
Commercial Real Estate Non-Owner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 907 | 56 |
Commercial Real Estate Non-Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 210 |
Commercial Real Estate Non-Owner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 766 | 808 |
Construction And Farmland Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 389 | 52 |
Current | 8,205 | 5,149 |
Total Loans | 8,594 | 5,201 |
Nonaccrual Loans | 140 | 0 |
Construction And Farmland Residential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Construction And Farmland Residential [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 249 | 52 |
Construction And Farmland Residential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 140 | 0 |
Construction And Farmland Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 53 | 57 |
Current | 32,314 | 31,231 |
Total Loans | 32,367 | 31,288 |
Nonaccrual Loans | 326 | 787 |
Construction And Farmland Commercial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Construction And Farmland Commercial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 53 | 0 |
Construction And Farmland Commercial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 57 |
Consumer Installment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 60 | 71 |
Current | 13,556 | 13,803 |
Total Loans | 13,616 | 13,874 |
90 or More Days Past Due Still Accruing | 1 | 6 |
Nonaccrual Loans | 0 | 0 |
Consumer Installment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 58 | 50 |
Consumer Installment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 1 | 15 |
Consumer Installment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 1 | 6 |
Residential Equity Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 3,429 | 358 |
Current | 31,270 | 30,763 |
Total Loans | 34,699 | 31,121 |
90 or More Days Past Due Still Accruing | 0 | |
Nonaccrual Loans | 281 | 331 |
Residential Equity Lines [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 3,423 | 132 |
Residential Equity Lines [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 6 | 41 |
Residential Equity Lines [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 185 |
Residential Single Family [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 3,130 | 2,327 |
Current | 192,830 | 191,246 |
Total Loans | 195,960 | 193,573 |
90 or More Days Past Due Still Accruing | 0 | 0 |
Nonaccrual Loans | 1,683 | 3,660 |
Residential Single Family [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 2,397 | 1,243 |
Residential Single Family [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 440 |
Residential Single Family [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 733 | 644 |
Residential Multifamily [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 3,453 | 3,016 |
Total Loans | 3,453 | 3,016 |
Nonaccrual Loans | 0 | 0 |
Residential Multifamily [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Residential Multifamily [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Residential Multifamily [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
All Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 2,177 | 2,316 |
Total Loans | 2,177 | 2,316 |
Nonaccrual Loans | 0 | 0 |
All Other Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
All Other Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
All Other Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | $ 0 | $ 0 |
Allowance For Loan Losses (Allo
Allowance For Loan Losses (Allowance For Loan Losses By Segment) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning Balance | $ 5,080 | $ 5,488 | $ 5,488 |
Charge-Offs | (438) | (515) | (1,483) |
Recoveries | 499 | 614 | 725 |
Provision | 23 | 0 | 350 |
Ending Balance | 5,164 | 5,587 | 5,080 |
Ending balance: Individually evaluated for impairment | 591 | 643 | |
Ending balance: collectively evaluated for impairment | 4,573 | 4,437 | |
Loans Ending Balance | 491,216 | 469,820 | |
Ending balance individually evaluated for impairment | 15,017 | 17,037 | |
Ending balance collectively evaluated for impairment | 476,199 | 452,783 | |
Construction and Farmland | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning Balance | 951 | 1,032 | 1,032 |
Charge-Offs | 166 | (482) | |
Recoveries | 63 | 26 | |
Provision | 85 | 375 | |
Ending Balance | 933 | 951 | |
Ending balance: Individually evaluated for impairment | 138 | 93 | |
Ending balance: collectively evaluated for impairment | 795 | 858 | |
Loans Ending Balance | 40,961 | 36,489 | |
Ending balance individually evaluated for impairment | 2,266 | 2,665 | |
Ending balance collectively evaluated for impairment | 38,695 | 33,824 | |
Residential Real Estate [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning Balance | 1,977 | 2,225 | 2,225 |
Charge-Offs | (152) | (808) | |
Recoveries | 157 | 63 | |
Provision | 102 | 497 | |
Ending Balance | 2,084 | 1,977 | |
Ending balance: Individually evaluated for impairment | 343 | 303 | |
Ending balance: collectively evaluated for impairment | 1,741 | 1,674 | |
Loans Ending Balance | 234,112 | 227,710 | |
Ending balance individually evaluated for impairment | 7,052 | 6,550 | |
Ending balance collectively evaluated for impairment | 227,060 | 221,160 | |
Commercial Real Estate | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning Balance | 1,347 | 1,337 | 1,337 |
Charge-Offs | 47 | (83) | |
Recoveries | 60 | 381 | |
Provision | 89 | (288) | |
Ending Balance | 1,449 | 1,347 | |
Ending balance: Individually evaluated for impairment | 102 | 203 | |
Ending balance: collectively evaluated for impairment | 1,347 | 1,144 | |
Loans Ending Balance | 172,932 | 161,299 | |
Ending balance individually evaluated for impairment | 4,746 | 5,716 | |
Ending balance collectively evaluated for impairment | 168,186 | 155,583 | |
Commercial [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning Balance | 464 | 555 | 555 |
Charge-Offs | 0 | 0 | |
Recoveries | 179 | 164 | |
Provision | (307) | (255) | |
Ending Balance | 336 | 464 | |
Ending balance: Individually evaluated for impairment | 8 | 44 | |
Ending balance: collectively evaluated for impairment | 328 | 420 | |
Loans Ending Balance | 27,418 | 28,132 | |
Ending balance individually evaluated for impairment | 953 | 2,106 | |
Ending balance collectively evaluated for impairment | 26,465 | 26,026 | |
Consumer [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning Balance | 103 | 102 | 102 |
Charge-Offs | (54) | (86) | |
Recoveries | 26 | 87 | |
Provision | 27 | 0 | |
Ending Balance | 102 | 103 | |
Ending balance: Individually evaluated for impairment | 0 | 0 | |
Ending balance: collectively evaluated for impairment | 102 | 103 | |
Loans Ending Balance | 13,616 | 13,874 | |
Ending balance individually evaluated for impairment | 0 | 0 | |
Ending balance collectively evaluated for impairment | 13,616 | 13,874 | |
All Other Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning Balance | 42 | 82 | 82 |
Charge-Offs | (19) | (24) | |
Recoveries | 14 | 4 | |
Provision | 13 | (20) | |
Ending Balance | 50 | 42 | |
Ending balance: Individually evaluated for impairment | 0 | 0 | |
Ending balance: collectively evaluated for impairment | 50 | 42 | |
Loans Ending Balance | 2,177 | 2,316 | |
Ending balance individually evaluated for impairment | 0 | 0 | |
Ending balance collectively evaluated for impairment | 2,177 | 2,316 | |
Unallocated [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning Balance | 196 | $ 155 | 155 |
Provision | 14 | 41 | |
Ending Balance | 210 | 196 | |
Ending balance: collectively evaluated for impairment | $ 210 | $ 196 |
Allowance For Loan Losses (Impa
Allowance For Loan Losses (Impaired Loans By Class) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Sep. 30, 2015 | Dec. 31, 2014 | |
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | $ 11,331 | $ 11,331 | $ 15,863 |
With an allowance recorded: | 4,616 | 4,616 | 2,773 |
Total: | 15,947 | 15,947 | 18,636 |
Recorded Investment [Abstract] | |||
With no related allowance: | 10,587 | 10,587 | 14,661 |
With an allowance recorded: | 4,457 | 4,457 | 2,394 |
Total: | 15,044 | 15,044 | 17,055 |
Related Allowance | 591 | 591 | 643 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 11,061 | 16,242 | |
With an allowance recorded: | 4,520 | 2,809 | |
Total: | 15,300 | 15,581 | 19,051 |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 167 | 370 | |
With an allowance recorded: | 122 | 84 | |
Total: | 94 | 289 | 454 |
Commercial - Non Real Estate Commercial And Industrial [Member] | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 1,081 | 1,081 | 2,159 |
With an allowance recorded: | 73 | 73 | 289 |
Recorded Investment [Abstract] | |||
With no related allowance: | 881 | 881 | 2,013 |
With an allowance recorded: | 73 | 73 | 94 |
Related Allowance | 8 | 8 | 44 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 1,075 | 2,256 | |
With an allowance recorded: | 81 | 289 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 3 | 19 | |
With an allowance recorded: | 13 | 0 | |
Commercial Real Estate Owner Occupied [Member] | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 2,439 | 2,439 | 2,824 |
With an allowance recorded: | 689 | ||
Recorded Investment [Abstract] | |||
With no related allowance: | 2,273 | 2,273 | 2,473 |
With an allowance recorded: | 689 | ||
Related Allowance | 203 | ||
Average Recorded Investment [Abstract] | |||
With no related allowance: | 2,375 | 2,857 | |
With an allowance recorded: | 704 | ||
Interest Income Recognized [Abstract] | |||
With no related allowance: | 22 | 48 | |
With an allowance recorded: | 33 | ||
Commercial Real Estate Non-Owner Occupied [Member] | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 1,242 | 1,242 | 2,675 |
With an allowance recorded: | 1,299 | 1,299 | 0 |
Recorded Investment [Abstract] | |||
With no related allowance: | 1,176 | 1,176 | 2,560 |
With an allowance recorded: | 1,303 | 1,303 | 0 |
Related Allowance | 102 | 102 | 0 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 1,183 | 2,796 | |
With an allowance recorded: | 1,315 | 0 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 0 | 86 | |
With an allowance recorded: | 52 | 0 | |
Construction And Farmland Residential [Member] | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 140 | 140 | |
Recorded Investment [Abstract] | |||
With no related allowance: | 140 | 140 | |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 134 | ||
Interest Income Recognized [Abstract] | |||
With no related allowance: | 3 | ||
Construction And Farmland Commercial [Member] | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 1,367 | 1,367 | 2,319 |
With an allowance recorded: | 778 | 778 | 385 |
Recorded Investment [Abstract] | |||
With no related allowance: | 1,348 | 1,348 | 2,319 |
With an allowance recorded: | 781 | 781 | 350 |
Related Allowance | 138 | 138 | 93 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 1,372 | 2,362 | |
With an allowance recorded: | 809 | 393 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 34 | 68 | |
With an allowance recorded: | 24 | 5 | |
Residential Equity Lines [Member] | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 399 | 399 | 252 |
With an allowance recorded: | 304 | 304 | 403 |
Recorded Investment [Abstract] | |||
With no related allowance: | 219 | 219 | 78 |
With an allowance recorded: | 148 | 148 | 253 |
Related Allowance | 76 | 76 | 95 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 221 | 252 | |
With an allowance recorded: | 149 | 403 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 1 | 0 | |
With an allowance recorded: | 2 | 5 | |
Residential Single Family [Member] | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 4,663 | 4,663 | 5,634 |
With an allowance recorded: | 2,162 | 2,162 | 1,007 |
Recorded Investment [Abstract] | |||
With no related allowance: | 4,550 | 4,550 | 5,218 |
With an allowance recorded: | 2,152 | 2,152 | 1,008 |
Related Allowance | 267 | 267 | 208 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 4,701 | 5,719 | |
With an allowance recorded: | 2,166 | 1,020 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 104 | 149 | |
With an allowance recorded: | 31 | 41 | |
Commercial [Member] | |||
Unpaid Principal Balance [Abstract] | |||
Total: | 1,154 | 1,154 | 2,448 |
Recorded Investment [Abstract] | |||
Total: | 954 | 954 | 2,107 |
Related Allowance | 8 | 8 | 44 |
Average Recorded Investment [Abstract] | |||
Total: | 1,156 | 2,545 | |
Interest Income Recognized [Abstract] | |||
Total: | 16 | 19 | |
Commercial Real Estate | |||
Unpaid Principal Balance [Abstract] | |||
Total: | 4,980 | 4,980 | 6,188 |
Recorded Investment [Abstract] | |||
Total: | 4,752 | 4,752 | 5,722 |
Related Allowance | 102 | 102 | 203 |
Average Recorded Investment [Abstract] | |||
Total: | 4,873 | 6,357 | |
Interest Income Recognized [Abstract] | |||
Total: | 74 | 167 | |
Construction and Farmland | |||
Unpaid Principal Balance [Abstract] | |||
Total: | 2,285 | 2,285 | 2,704 |
Recorded Investment [Abstract] | |||
Total: | 2,269 | 2,269 | 2,669 |
Related Allowance | 138 | 138 | 93 |
Average Recorded Investment [Abstract] | |||
Total: | 2,315 | 2,755 | |
Interest Income Recognized [Abstract] | |||
Total: | 61 | 73 | |
Residential Real Estate | |||
Unpaid Principal Balance [Abstract] | |||
Total: | 7,528 | 7,528 | 7,296 |
Recorded Investment [Abstract] | |||
Total: | 7,069 | 7,069 | 6,557 |
Related Allowance | 343 | 343 | 303 |
Average Recorded Investment [Abstract] | |||
Total: | 7,237 | 7,394 | |
Interest Income Recognized [Abstract] | |||
Total: | 138 | 195 | |
All Other Loans [Member] | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 |
Total: | 0 | 0 | 0 |
Recorded Investment [Abstract] | |||
With no related allowance: | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 |
Total: | 0 | 0 | 0 |
Related Allowance | $ 0 | 0 | 0 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 0 | 0 | |
With an allowance recorded: | 0 | 0 | |
Total: | 0 | 0 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 0 | 0 | |
With an allowance recorded: | 0 | 0 | |
Total: | $ 0 | $ 0 |
Allowance For Loan Losses (Cred
Allowance For Loan Losses (Credit Quality Information By Class) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | $ 477,600 | $ 455,946 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 390,314 | 373,324 |
Pass Monitored [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 71,487 | 62,540 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 4,074 | 3,506 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 10,018 | 13,620 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 1,707 | 2,956 |
Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Performing [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 13,556 | 13,803 |
Nonperforming [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 60 | 71 |
Commercial - Non Real Estate Commercial And Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 27,418 | 28,132 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 24,387 | 24,579 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Pass Monitored [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 2,098 | 1,775 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 350 | 21 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 459 | 701 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 124 | 1,056 |
Commercial - Non Real Estate Commercial And Industrial [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 109,475 | 99,707 |
Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 90,723 | 77,979 |
Commercial Real Estate Owner Occupied [Member] | Pass Monitored [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 13,543 | 17,401 |
Commercial Real Estate Owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 3,145 | 0 |
Commercial Real Estate Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 1,048 | 3,189 |
Commercial Real Estate Owner Occupied [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 1,016 | 1,138 |
Commercial Real Estate Owner Occupied [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Commercial Real Estate Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 63,457 | 61,592 |
Commercial Real Estate Non-Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 41,932 | 42,630 |
Commercial Real Estate Non-Owner Occupied [Member] | Pass Monitored [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 19,763 | 14,779 |
Commercial Real Estate Non-Owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 1,402 |
Commercial Real Estate Non-Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 1,762 | 2,733 |
Commercial Real Estate Non-Owner Occupied [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 48 |
Commercial Real Estate Non-Owner Occupied [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Construction And Farmland Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 8,594 | 5,201 |
Construction And Farmland Residential [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 8,454 | 5,112 |
Construction And Farmland Residential [Member] | Pass Monitored [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 89 |
Construction And Farmland Residential [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Construction And Farmland Residential [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 140 | 0 |
Construction And Farmland Residential [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Construction And Farmland Residential [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Construction And Farmland Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 32,367 | 31,288 |
Construction And Farmland Commercial [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 19,334 | 23,192 |
Construction And Farmland Commercial [Member] | Pass Monitored [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 11,447 | 5,184 |
Construction And Farmland Commercial [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 73 | 2,083 |
Construction And Farmland Commercial [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 1,513 | 750 |
Construction And Farmland Commercial [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 79 |
Construction And Farmland Commercial [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Equity Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 34,699 | 31,121 |
Residential Equity Lines [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 30,414 | 29,440 |
Residential Equity Lines [Member] | Pass Monitored [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 3,935 | 1,429 |
Residential Equity Lines [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 70 | 0 |
Residential Equity Lines [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 146 | 185 |
Residential Equity Lines [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 134 | 67 |
Residential Equity Lines [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Single Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 195,960 | 193,573 |
Residential Single Family [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 169,489 | 165,932 |
Residential Single Family [Member] | Pass Monitored [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 20,652 | 21,011 |
Residential Single Family [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 436 | 0 |
Residential Single Family [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 4,950 | 6,062 |
Residential Single Family [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 433 | 568 |
Residential Single Family [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 3,453 | 3,016 |
Residential Multifamily [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 3,453 | 2,144 |
Residential Multifamily [Member] | Pass Monitored [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 872 |
Residential Multifamily [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Multifamily [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Multifamily [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Multifamily [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
All Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 2,177 | 2,316 |
All Other Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 2,128 | 2,316 |
All Other Loans [Member] | Pass Monitored [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 49 | 0 |
All Other Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
All Other Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
All Other Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | 0 | 0 |
All Other Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivables | $ 0 | $ 0 |
Troubled Debt Restructurings (N
Troubled Debt Restructurings (Narrative) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2015USD ($)contract | Sep. 30, 2014contract | Sep. 30, 2015USD ($)contract | Sep. 30, 2014contract | Dec. 31, 2014USD ($)contract | |
Financing Receivable, Modifications [Line Items] | |||||
Number of troubled debt restructured loans | 23 | 25 | |||
Loan is considered payment default | 30 days | ||||
Financing Receivable, Modifications, Nonaccrual, Number of Contracts | 2 | 2 | 8 | ||
Financing Receivable, Modifications, Nonaccrual, Recorded Investment | $ | $ 340 | $ 340 | $ 1,400 | ||
Troubled Debt Restructuring Modifications Number Of Contracts | 1 | 3 | 2 | 3 | |
Total troubled debt restructured loans | $ | $ 7,800 | $ 7,800 | $ 7,800 | ||
Residential Single Family [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Troubled Debt Restructuring Modifications Number Of Contracts | 1 | 1 | 2 | 1 | |
Troubled Debt Restructuring Modifications Amortization Period Number of Contracts | 1 | 1 | |||
Trouble Debt Restructuring Modifications Payment Reduction Number of Contracts | 1 | ||||
Commercial - Non Real Estate Commercial And Industrial [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Troubled Debt Restructuring Modifications Number Of Contracts | 1 | 1 | |||
Trouble Debt Restructuring Modifications Payment Reduction Number of Contracts | 1 | ||||
Residential Equity Lines [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Troubled Debt Restructuring Modifications Number Of Contracts | 1 | 1 | |||
Troubled Debt Restructuring Modifications Interest Only Number Of Contracts | 1 |
Troubled Debt Restructurings (S
Troubled Debt Restructurings (Schedule Of Troubled Debt Restructurings On Financing Receivables) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2015USD ($)contract | Sep. 30, 2014USD ($)contract | Sep. 30, 2015USD ($)contract | Sep. 30, 2014USD ($)contract | Dec. 31, 2014 | |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | |||||
Number of Contracts | 23 | 25 | |||
Pre-Modification Outstanding Recorded Investment | $ 169 | $ 1,010 | $ 688 | $ 1,010 | |
Post-Modification Outstanding Recorded Investment | $ 169 | $ 708 | $ 688 | $ 708 | |
Troubled Debt Restructuring Modifications Number Of Contracts | contract | 1 | 3 | 2 | 3 | |
Residential Equity Lines [Member] | |||||
Troubled Debt Restructuring, Subsequent Periods [Line Items] | |||||
Pre-Modification Outstanding Recorded Investment | $ 69 | $ 69 | |||
Post-Modification Outstanding Recorded Investment | $ 69 | $ 69 | |||
Troubled Debt Restructuring Modifications Number Of Contracts | contract | 1 | 1 | |||
Residential Single Family [Member] | |||||
Troubled Debt Restructuring, Subsequent Periods [Line Items] | |||||
Pre-Modification Outstanding Recorded Investment | $ 169 | $ 652 | $ 688 | $ 652 | |
Post-Modification Outstanding Recorded Investment | $ 169 | $ 350 | $ 688 | $ 350 | |
Troubled Debt Restructuring Modifications Number Of Contracts | contract | 1 | 1 | 2 | 1 | |
Commercial - Non Real Estate Commercial And Industrial [Member] | |||||
Troubled Debt Restructuring, Subsequent Periods [Line Items] | |||||
Pre-Modification Outstanding Recorded Investment | $ 289 | $ 289 | |||
Post-Modification Outstanding Recorded Investment | $ 289 | $ 289 | |||
Troubled Debt Restructuring Modifications Number Of Contracts | contract | 1 | 1 |
Troubled Debt Restructurings (L
Troubled Debt Restructurings (Loans By Class Of Financing Receivable Modified As TDRs) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2015contract | Sep. 30, 2014USD ($)contract | Sep. 30, 2015USD ($)contract | Sep. 30, 2014USD ($)contract | Dec. 31, 2014 | |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | |||||
Number of Contracts | 23 | 25 | |||
Troubled Debt Restructurings Within Previous Twelve Months [Member] | |||||
Troubled Debt Restructuring, Subsequent Periods [Line Items] | |||||
Number of Contracts | 0 | 2 | 2 | 2 | |
Recorded Investment | $ | $ 1,608 | $ 135 | $ 1,608 | ||
Commercial - Non Real Estate Commercial And Industrial [Member] | Troubled Debt Restructurings Within Previous Twelve Months [Member] | |||||
Troubled Debt Restructuring, Subsequent Periods [Line Items] | |||||
Number of Contracts | 1 | ||||
Recorded Investment | $ | $ 73 | ||||
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 | |||
Residential Equity Lines [Member] | Troubled Debt Restructurings Within Previous Twelve Months [Member] | |||||
Troubled Debt Restructuring, Subsequent Periods [Line Items] | |||||
Number of Contracts | 1 | ||||
Recorded Investment | $ | $ 62 |
Deposits (Composition Of Deposi
Deposits (Composition Of Deposits) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Deposits [Abstract] | ||
Noninterest bearing demand deposits | $ 177,005 | $ 159,352 |
NOW accounts | 77,494 | 81,441 |
Money market accounts | 100,090 | 98,314 |
Regular savings accounts | 77,551 | 69,550 |
Savings and interest bearing demand deposits | 255,135 | 249,305 |
Time Deposits, Less than $250,000 | 82,382 | 85,899 |
Time Deposits, $250,000 or More | 13,349 | 9,260 |
Time deposits | 95,731 | 95,159 |
Total deposits | $ 527,871 | $ 503,816 |
Pension And Postretirement Bene
Pension And Postretirement Benefit Plans (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015USD ($) | Sep. 30, 2014USD ($) | Sep. 30, 2015USD ($)employee | Sep. 30, 2014USD ($) | |
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 | $ | $ 0 | $ (1) | $ (1) | $ (3) |
Trust Preferred Capital Notes (
Trust Preferred Capital Notes (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Jul. 29, 2015 | Dec. 31, 2014 | Sep. 20, 2007 | |
Trust Preferred Capital Notes [Line Items] | |||||||
Gain on redemption of trust preferred capital notes | $ 2,424,000 | $ 0 | $ 2,424,000 | $ 0 | |||
Trust preferred capital notes | $ 0 | $ 0 | $ 7,217,000 | ||||
Trust II [Member] | |||||||
Trust Preferred Capital Notes [Line Items] | |||||||
Trust preferred securities issued by subsidiary trust | $ 7,000,000 | $ 7,000,000 | $ 7,000,000 | ||||
Redemption of trust preferred capital notes | 4,600,000 | ||||||
Common equity issued by subsidiary trust | 217,000 | ||||||
Trust preferred capital notes | $ 7,200,000 | ||||||
Trust preferred securities purchase price par | $ 0.65375 | ||||||
Maximum [Member] | |||||||
Trust Preferred Capital Notes [Line Items] | |||||||
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 ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | $ 101,182 | $ 94,165 |
Total liabilities at fair value | 207 | 289 |
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 | 0 | 0 |
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 | 101,182 | 94,165 |
Total liabilities at fair value | 207 | 289 |
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 | 39,385 | 37,211 |
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 | 39,385 | 37,211 |
Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 21,412 | 15,779 |
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 | 21,412 | 15,779 |
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 | 40,385 | 40,410 |
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 | 40,385 | 40,410 |
Corporate Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 765 | |
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 | 765 | |
Interest Rate Swap Contracts [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total liabilities at fair value | 207 | 289 |
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 | $ 207 | $ 289 |
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, 2015 | |
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 | 9.00% |
Maximum [Member] | Impaired Loans [Member] | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Quantitative information about level 3 nonrecurring basis | 20.00% |
Maximum [Member] | Other Real Estate Owned [Member] | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Quantitative information about level 3 nonrecurring basis | 13.00% |
Minimum [Member] | Impaired Loans [Member] | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Quantitative information about level 3 nonrecurring basis | 6.00% |
Minimum [Member] | Other Real Estate Owned [Member] | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Quantitative information about level 3 nonrecurring basis | 6.00% |
Fair Value Measurements (Fina54
Fair Value Measurements (Financial And Nonfinancial Assets Measured At Fair Value On A Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | $ 1,848 | $ 2,102 |
Financial Assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 3,853 | 1,751 |
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 | 0 | 0 |
Financial Assets [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 3,853 | 1,751 |
Nonfinancial Assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 1,848 | 2,102 |
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 | 0 | |
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 | 0 | 0 |
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 | $ 1,848 | $ 2,102 |
Fair Value Measurements (Compan
Fair Value Measurements (Company's Financial Instruments) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Securities | $ 101,182 | $ 94,165 |
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 | 16,941 | 34,564 |
Securities | 0 | 0 |
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 | 101,182 | 94,165 |
Restricted Investments | 2,321 | 2,808 |
Loans, net | 0 | 0 |
Accrued interest receivable | 1,723 | 1,703 |
Deposits | 527,765 | 503,917 |
Federal Home Loan Bank advances | 30,042 | 40,152 |
Trust preferred capital notes | 7,217 | |
Accrued interest payable | 64 | 160 |
Interest rate swap contract | 207 | 289 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Loans, net | 490,524 | 470,781 |
Carrying Amount [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and short-term investments | 16,941 | 34,564 |
Securities | 101,182 | 94,165 |
Restricted Investments | 2,321 | 2,808 |
Loans, net | 486,052 | 464,740 |
Accrued interest receivable | 1,723 | 1,703 |
Deposits | 527,871 | 503,816 |
Federal Home Loan Bank advances | 30,000 | 40,000 |
Trust preferred capital notes | 7,217 | |
Accrued interest payable | 64 | 160 |
Interest rate swap contract | 207 | 289 |
Fair Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and short-term investments | 16,941 | 34,564 |
Securities | 101,182 | 94,165 |
Restricted Investments | 2,321 | 2,808 |
Loans, net | 490,524 | 470,781 |
Accrued interest receivable | 1,723 | 1,703 |
Deposits | 527,765 | 503,917 |
Federal Home Loan Bank advances | 30,042 | 40,152 |
Trust preferred capital notes | 7,217 | |
Accrued interest payable | 64 | 160 |
Interest rate swap contract | $ 207 | $ 289 |
Derivative Instruments And He56
Derivative Instruments And Hedging Activities (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2015 | Jul. 29, 2015 | Dec. 31, 2014 | |
Interest Rate Swap Contracts [Member] | ||||
Derivative [Line Items] | ||||
Agreement related to the outstanding trust preferred capital notes, date | Dec. 4, 2008 | |||
Agreement effective, date | Dec. 1, 2008 | |||
Notional amount of derivatives | $ 7,000 | $ 7,000 | ||
Agreement expiration date | Dec. 1, 2016 | |||
Derivative, Fixed Interest Rate | 2.85% | 2.85% | ||
Interest Rate Swap Contracts [Member] | ||||
Derivative [Line Items] | ||||
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | $ 30 | |||
Other Liabilities [Member] | Interest Rate Swap Contracts [Member] | ||||
Derivative [Line Items] | ||||
Derivative Instruments in Hedges, Liabilities, at Fair Value | $ 207 | $ 207 | $ 237 | $ 289 |
Derivative Instruments And He57
Derivative Instruments And Hedging Activities (Summary Of Fair Value Of Derivative Instruments) (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jul. 29, 2015 | Dec. 31, 2014 |
Interest Rate Swap Contracts [Member] | Other Liabilities [Member] | |||
Derivative [Line Items] | |||
Derivatives designated as hedging instruments under GAAP, Fair Value | $ 207 | $ 237 | $ 289 |
Derivative Instruments And He58
Derivative Instruments And Hedging Activities (Effect Of The Derivative Instrument On The Consolidated Balance Sheet, Consolidated Statements Of Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion), net of tax | $ 156 | $ 41 | $ 190 | $ 79 |
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 | 0 | $ 41 | $ 0 | $ 79 |
Amount of Gain (Loss) Recognized in Income (Ineffective Portion), net of tax | $ 30 |
Change in Accumulated Other C59
Change in Accumulated Other Comprehensive Income (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | $ 7 | $ 30 | $ 39 | $ 32 |
Gain (Loss) on Sale of Securities, Net | 20 | 87 | 116 | 93 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax | 217 | $ (87) | 121 | $ (93) |
Change In Fair Value Of Interest Rate Swap [Member] | ||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax | 81 | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax | $ 237 | $ 237 |
Change in Accumulated Other C60
Change in Accumulated Other Comprehensive Income (Changes To Accumulated Other Comprehensive Income By Components) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | $ 734 | $ 1,562 | $ 1,315 | $ 305 |
Other comprehensive income (loss) before reclassifications | 782 | 35 | (2) | 1,944 |
Reclassifications from other comprehensive (loss) income | 217 | (87) | 121 | (93) |
Tax effect of current period changes | (340) | 17 | (41) | (629) |
Total other comprehensive income (loss) | 659 | (35) | 78 | 1,222 |
Ending balance | 1,393 | 1,527 | 1,393 | 1,527 |
Unrealized Gains And Losses On Available For Sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 851 | 1,766 | 1,466 | 547 |
Other comprehensive income (loss) before reclassifications | 782 | (28) | (54) | 1,824 |
Reclassifications from other comprehensive (loss) income | (20) | (87) | (116) | (93) |
Tax effect of current period changes | (259) | 39 | 58 | (588) |
Total other comprehensive income (loss) | 503 | (76) | (112) | 1,143 |
Ending balance | 1,354 | 1,690 | 1,354 | 1,690 |
Change In Fair Value Of Interest Rate Swap [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | (156) | (248) | (190) | (286) |
Other comprehensive income (loss) before reclassifications | 0 | 63 | 52 | 120 |
Reclassifications from other comprehensive (loss) income | 237 | 237 | ||
Tax effect of current period changes | (81) | (22) | (99) | (41) |
Total other comprehensive income (loss) | 156 | 41 | 190 | 79 |
Ending balance | 0 | (207) | 0 | (207) |
Change In Benefit Obligations And Plan Assets For The Post Retirement Benefit Plan [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 39 | 44 | 39 | 44 |
Ending balance | $ 39 | $ 44 | $ 39 | $ 44 |
Other Real Estate Owned - Other
Other Real Estate Owned - Other Real Estate Owned Rollforward (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Other Real Estate [Roll Forward] | |||
Balance, beginning | $ 2,102 | $ 1,646 | $ 1,646 |
Net loans transferred to OREO | 736 | 680 | 1,248 |
Sales | (937) | (682) | (792) |
Valuation adjustments | (53) | 0 | 0 |
Balance, ending | $ 1,848 | $ 1,644 | $ 2,102 |
Other Real Estate Owned - Major
Other Real Estate Owned - Major Classifications of Other Real Estate Owned (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 |
Real Estate Properties [Line Items] | ||||
Other real estate, gross | $ 1,901 | $ 2,102 | ||
Less valuation allowance | 53 | 0 | ||
Total | 1,848 | 2,102 | $ 1,644 | $ 1,646 |
Construction and Farmland | ||||
Real Estate Properties [Line Items] | ||||
Other real estate, gross | 1,271 | 1,531 | ||
Residential Real Estate | ||||
Real Estate Properties [Line Items] | ||||
Other real estate, gross | 630 | 166 | ||
Commercial Real Estate | ||||
Real Estate Properties [Line Items] | ||||
Other real estate, gross | $ 0 | $ 405 |