Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 14, 2014 | Jun. 30, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Registrant Name | 'UWHARRIE CAPITAL CORP | ' | ' |
Entity Central Index Key | '0000898171 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 7,445,931 | ' |
Entity Public Float | ' | ' | $17,275,024 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
ASSETS | ' | ' |
Cash and due from banks | $7,947,000 | $8,877,000 |
Interest-earning deposits with banks | 64,447,000 | 72,851,000 |
Securities available for sale, at fair value | 100,280,000 | 91,638,000 |
Loans held for sale | 1,139,000 | 5,373,000 |
Loans: | ' | ' |
Loans held for investment | 307,348,000 | 329,183,000 |
Less allowance for loan losses | -5,095,000 | -6,801,000 |
Net loans held for investment | 302,253,000 | 322,382,000 |
Premises and equipment, net | 13,781,000 | 14,952,000 |
Interest receivable | 1,747,000 | 1,753,000 |
Restricted stock | 1,184,000 | 2,265,000 |
Bank owned life insurance | 6,516,000 | 6,394,000 |
Other real estate owned | 7,170,000 | 8,713,000 |
Other assets | 10,856,000 | 9,809,000 |
Total assets | 517,320,000 | 545,007,000 |
Deposits: | ' | ' |
Demand noninterest-bearing | 74,493,000 | 70,347,000 |
Interest checking and money market accounts | 228,933,000 | 211,066,000 |
Savings deposits | 41,512,000 | 43,336,000 |
Time deposits, $100,000 and over | 44,690,000 | 53,449,000 |
Other time deposits | 64,080,000 | 79,414,000 |
Total deposits | 453,708,000 | 457,612,000 |
Short-term borrowed funds | 5,509,000 | 18,690,000 |
Long-term debt | 11,163,000 | 12,673,000 |
Interest payable | 224,000 | 270,000 |
Other liabilities | 4,491,000 | 11,449,000 |
Total liabilities | 475,095,000 | 500,694,000 |
Off balance sheet items, commitments and contingencies (Note 13) | ' | ' |
SHAREHOLDERS' EQUITY | ' | ' |
Discount on preferred stock | -500,000 | -100,000 |
Common stock, $1.25 par value: 20,000,000 shares authorized; shares issued and outstanding 7,445,931 and 7,502,496 | 9,307,000 | 9,378,000 |
Additional paid-in capital | 11,922,000 | 12,201,000 |
Unearned ESOP compensation | -989,000 | -875,000 |
Undivided profits | 10,289,000 | 10,138,000 |
Accumulated other comprehensive income (loss) | -562,000 | 1,487,000 |
Total Uwharrie Capital shareholders' equity | 29,967,000 | 42,729,000 |
Noncontrolling interest | 10,542,000 | ' |
Total shareholders' equity | 40,509,000 | 42,729,000 |
Total liabilities and shareholders' equity | 517,320,000 | 545,007,000 |
Common Stock [Member] | Employee Stock Ownership Plan [Member] | ' | ' |
Deposits: | ' | ' |
Redeemable common stock held by the Employee Stock Ownership Plan (ESOP) (Note 17) | 1,716,000 | 1,584,000 |
Preferred Stock Series A [Member] | ' | ' |
SHAREHOLDERS' EQUITY | ' | ' |
Preferred stock | ' | 10,000,000 |
Preferred Stock Series B [Member] | ' | ' |
SHAREHOLDERS' EQUITY | ' | ' |
Preferred stock | ' | 500,000 |
Noncontrolling interest | ' | $7,700,000 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Preferred stock, par value | $0 | $0 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, par value | $1.25 | $1.25 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 7,445,931 | 7,445,931 |
Common stock, shares outstanding | 7,502,496 | 7,502,496 |
Preferred Stock Series A [Member] | ' | ' |
Preferred stock, shares issued | ' | 10,000 |
Preferred stock, shares outstanding | ' | 10,000 |
Preferred Stock Series B [Member] | ' | ' |
Preferred stock, shares issued | ' | 500 |
Preferred stock, shares outstanding | ' | 500 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest Income | ' | ' | ' |
Loans, including fees | $17,573 | $19,724 | $21,609 |
Investment securities: | ' | ' | ' |
US Treasury | 397 | 581 | 742 |
US Government agencies and corporations | 1,066 | 1,105 | 1,035 |
State and political subdivisions | 252 | 324 | 371 |
Interest-earning deposits with banks and federal funds sold | 177 | 137 | 65 |
Total interest income | 19,465 | 21,871 | 23,822 |
Interest Expense | ' | ' | ' |
Interest checking and money market accounts | 439 | 542 | 785 |
Savings deposits | 171 | 197 | 286 |
Time deposits $100,000 and over | 592 | 802 | 1,106 |
Other time deposits | 708 | 1,008 | 1,138 |
Short-term borrowed funds | 160 | 353 | 354 |
Long-term debt | 664 | 796 | 1,068 |
Total interest expense | 2,734 | 3,698 | 4,737 |
Net interest income | 16,731 | 18,173 | 19,085 |
Provision for loan losses | 28 | 1,832 | 3,456 |
Net interest income after provision for loan losses | 16,703 | 16,341 | 15,629 |
Noninterest Income | ' | ' | ' |
Service charges on deposit accounts | 1,627 | 1,723 | 1,837 |
Other service fees and commissions | 3,399 | 3,178 | 3,409 |
Gain (loss) on sale of securities (includes reclassification of $523 from accumulated comprehensive income) | -523 | 1,286 | 933 |
Income from mortgage loan sales | 2,113 | 3,740 | 1,806 |
Other income | 971 | 748 | 271 |
Total noninterest income | 7,587 | 10,675 | 8,256 |
Noninterest Expense | ' | ' | ' |
Salaries and employee benefits | 12,423 | 12,891 | 12,121 |
Net occupancy expense | 1,098 | 1,155 | 1,165 |
Equipment expense | 734 | 733 | 758 |
Data processing costs | 784 | 889 | 858 |
Office supplies and printing | 358 | 334 | 337 |
Foreclosed real estate expense | 1,647 | 2,994 | 489 |
Professional fees and services | 680 | 588 | 1,488 |
Marketing and donations | 728 | 691 | 769 |
Electronic banking expense | 999 | 951 | 875 |
Software amortization and maintenance | 541 | 576 | 573 |
FDIC insurance | 518 | 693 | 750 |
Goodwill Impairment | ' | 987 | ' |
Other noninterest expense | 2,484 | 2,765 | 2,606 |
Total noninterest expense | 22,994 | 26,247 | 22,789 |
Income before income taxes | 1,296 | 769 | 1,096 |
Income taxes (includes reclassification of $202 from accumulated other comprehensive income) | 342 | 365 | 196 |
Net income | 954 | 404 | 900 |
Less: Net income attributable to noncontrolling interest | -478 | ' | ' |
Net income attributable to Uwharrie Capital Corp | 476 | 404 | 900 |
Dividends on preferred stock | -325 | -645 | -645 |
Net Income (loss) available to common shareholders | $151 | ($241) | $255 |
Net income (loss) per common share | ' | ' | ' |
Basic | $0.02 | ($0.03) | $0.03 |
Diluted | $0.02 | ($0.03) | $0.03 |
Weighted average common shares outstanding | ' | ' | ' |
Basic | 7,276,751 | 7,371,667 | 7,467,396 |
Diluted | 7,276,751 | 7,371,667 | 7,467,396 |
Consolidated_Statements_of_Inc1
Consolidated Statements of Income (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Statement [Abstract] | ' | ' | ' |
Gain on sale of securities includes reclassification of accumulated other comprehensive income | $523 | ($1,286) | ($933) |
Amounts reclassified from accumulated other comprehensive income, net of tax | $202 | $496 | $360 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' |
Net income | $954 | $404 | $900 |
Other comprehensive income (loss): | ' | ' | ' |
Unrealized gains (losses) on available for sale securities | -3,662 | 2,356 | 3,759 |
Related tax effect | 1,292 | -859 | -1,327 |
Reclassification of losses (gains) recognized in net income | 523 | -1,286 | -933 |
Related tax effect | 202 | 496 | 360 |
Total other comprehensive income (loss) | -2,049 | 707 | 1,859 |
Comprehensive income (loss) | -1,095 | 1,111 | 2,759 |
Less: Comprehensive income attributable to noncontrolling interest | -478 | ' | ' |
Comprehensive income (loss) attributable to Uwharrie Capital | ($1,573) | $1,111 | $2,759 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Shareholders' Equity (USD $) | Total | Number of Common Shares Issued [Member] | Preferred Stock Series A [Member] | Preferred Stock Series B [Member] | Discount on Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Unearned ESOP Compensation [Member] | Undivided Profits [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Noncontrolling Interest [Member] |
In Thousands, except Share data | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |
Beginning balance at Dec. 31, 2010 | $43,493 | ' | $10,000 | $500 | ($300) | $9,492 | $14,034 | ($692) | $10,124 | $335 | ' |
Beginning balance, shares at Dec. 31, 2010 | ' | 7,593,929 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 900 | ' | ' | ' | ' | ' | ' | ' | 900 | ' | ' |
Other comprehensive income (loss) | 1,859 | ' | ' | ' | ' | ' | ' | ' | ' | 1,859 | ' |
Release of ESOP Shares | 53 | ' | ' | ' | ' | ' | -28 | 81 | ' | ' | ' |
Increase in ESOP notes receivable | -161 | ' | ' | ' | ' | ' | ' | -161 | ' | ' | ' |
Reclass of redeemable ESOP stock | -1,349 | ' | ' | ' | ' | ' | -1,349 | ' | ' | ' | ' |
Stock compensation expense | 4 | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' |
Record preferred stock dividend and discount accretion | -545 | ' | ' | ' | 100 | ' | ' | ' | -645 | ' | ' |
Ending balance at Dec. 31, 2011 | 44,254 | ' | 10,000 | 500 | -200 | 9,492 | 12,661 | -772 | 10,379 | 2,194 | ' |
Beginning balance, shares at Dec. 31, 2011 | ' | 7,593,929 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 404 | ' | ' | ' | ' | ' | ' | ' | 404 | ' | ' |
Repurchase of common stock | -304 | ' | ' | ' | ' | -113 | -191 | ' | ' | ' | ' |
Repurchase of common stock, shares | ' | -90,260 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retirement of common stock | ' | ' | ' | ' | ' | -1 | 1 | ' | ' | ' | ' |
Retirement of common stock, shares | ' | -1,173 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income (loss) | -707 | ' | ' | ' | ' | ' | ' | ' | ' | -707 | ' |
Release of ESOP Shares | 48 | ' | ' | ' | ' | ' | -39 | 87 | ' | ' | ' |
Increase in ESOP notes receivable | -190 | ' | ' | ' | ' | ' | ' | -190 | ' | ' | ' |
Reclass of redeemable ESOP stock | -235 | ' | ' | ' | ' | ' | -235 | ' | ' | ' | ' |
Stock compensation expense | 4 | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' |
Record preferred stock dividend and discount accretion | -545 | ' | ' | ' | 100 | ' | ' | ' | -645 | ' | ' |
Ending balance at Dec. 31, 2012 | 42,729 | ' | 10,000 | 500 | -100 | 9,378 | 12,201 | -875 | 10,138 | 1,487 | ' |
Ending balance, shares at Dec. 31, 2012 | 7,502,496 | 7,502,496 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance at Dec. 31, 2012 | 42,729 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 954 | ' | ' | ' | ' | ' | ' | ' | 476 | ' | 478 |
Repurchase of common stock | -169 | ' | ' | ' | ' | -71 | -98 | ' | ' | ' | ' |
Repurchase of common stock, shares | ' | -56,565 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income (loss) | -2,049 | ' | ' | ' | ' | ' | ' | ' | ' | -2,049 | ' |
Release of ESOP Shares | 45 | ' | ' | ' | ' | ' | -49 | 94 | ' | ' | ' |
Increase in ESOP notes receivable | -208 | ' | ' | ' | ' | ' | ' | -208 | ' | ' | ' |
Reclass to mezzanine capital | -132 | ' | ' | ' | ' | ' | -132 | ' | ' | ' | ' |
Repayment of preferred stock series A | -10,500 | ' | -10,000 | -500 | ' | ' | ' | ' | ' | ' | ' |
Issuance of preferred stock (noncontrolling interest) | 10,655 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,655 |
Record costs of preferred stock (noncontrolling interest) | -137 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -137 |
Record preferred stock dividend (noncontrolling interest) | -454 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -454 |
Record preferred stock dividend and discount accretion | -225 | ' | ' | ' | 100 | ' | ' | ' | -325 | ' | ' |
Ending balance at Dec. 31, 2013 | $40,509 | ' | ' | ' | ' | $9,307 | $11,922 | ($989) | $10,289 | ($562) | $10,542 |
Ending balance, shares at Dec. 31, 2013 | 7,502,496 | 7,445,931 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities | ' | ' | ' |
Net income | $954 | $404 | $900 |
Adjustments to reconcile net income to net cash Provided (used) by operating activities: | ' | ' | ' |
Depreciation | 914 | 954 | 838 |
Net amortization of security premiums/discounts | 1,420 | 1,334 | 865 |
Impairment of goodwill | ' | 987 | ' |
Net amortization of mortgage servicing rights | 801 | 908 | 670 |
Impairment of foreclosed real estate | 921 | 2,365 | 212 |
Provision for loan losses | 28 | 1,832 | 3,456 |
Deferred income taxes | 438 | -1,134 | 1,000 |
Stock compensation | ' | 4 | 4 |
Net realized (gains) loss on sales / calls available for sale securities | 523 | -1,286 | -933 |
Income from mortgage loan sales | -2,113 | -3,740 | -1,806 |
Proceeds from sales of loans held for sale | 77,544 | 126,189 | 70,251 |
Origination of loans held for sale | -71,197 | -125,864 | -64,116 |
(Gain) loss on sale of premises, equipment and other assets | -233 | -252 | 13 |
Increase in cash surrender value of life insurance | -122 | -223 | -196 |
(Gain) loss on sales of foreclosed real estate | -290 | 55 | 68 |
Release of ESOP Shares | 45 | 48 | 53 |
Net change in interest receivable | 6 | 331 | 324 |
Net change in other assets | -810 | -3,732 | -1,910 |
Net change in interest payable | -46 | -31 | -41 |
Net change in other liabilities | 424 | 431 | 621 |
Net cash provided (used) by operating activities | 9,207 | -420 | 10,273 |
Cash flows from investing activities | ' | ' | ' |
Proceeds from sales, maturities and calls of securities available for sale | 32,969 | 57,274 | 38,648 |
Purchase of securities available for sale | -46,693 | -61,369 | -28,020 |
Net (increase) decrease in loans | 16,282 | 32,739 | 6,259 |
Proceeds from sale of premises, equipment and other assets | 949 | 5,169 | ' |
Purchase of premises and equipment | -488 | -830 | -1,373 |
Proceeds from sales of foreclosed real estate | 4,731 | 1,844 | 611 |
Investment in other assets | -357 | -346 | -181 |
Net decrease in Federal Home Loan Bank stock | 1,081 | 1,024 | 766 |
Net cash provided by investing activities | 8,474 | 35,505 | 16,710 |
Cash flows from financing activities | ' | ' | ' |
Net increase (decrease) in deposit accounts | -3,904 | 26,274 | -2,695 |
Net increase (decrease) in short-term borrowed funds | -13,181 | -2,101 | 309 |
Net increase (decrease) in long-term debt | -1,510 | -12,560 | -10,060 |
Net proceeds from issuance of junior subordinated debt | ' | ' | 1,962 |
Proceeds from preferred stock offering, net of costs | 3,136 | 7,382 | ' |
Repayment preferred stock, series A | -10,500 | ' | -730 |
Increase in unearned ESOP compensation | -208 | -190 | -161 |
Repurchase of common stock | -169 | -304 | ' |
Dividend and discount accretion on preferred stock | -679 | -545 | -545 |
Net cash provided (used) by financing activities | -27,015 | 17,956 | -11,920 |
Increase (decrease) in cash and cash equivalents | -9,334 | 53,041 | 15,063 |
Cash and cash equivalents, beginning of year | 81,728 | 28,687 | 13,624 |
Cash and cash equivalents, end of year | 72,394 | 81,728 | 28,687 |
Supplemental disclosures of cash flow information | ' | ' | ' |
Interest paid | 2,780 | 3,729 | 4,778 |
Income taxes paid | 648 | 270 | 220 |
Supplemental schedule of non-cash activities | ' | ' | ' |
Net change in fair value of securities available for sale, net of tax | -2,049 | -707 | 1,859 |
Loans transferred to foreclosed real estate | 4,032 | 2,907 | 9,127 |
Company financed sales of other real estate owned | -213 | -188 | ' |
Mortgage servicing rights capitalized | 763 | 1,237 | 679 |
Preferred stock dividend accrued | -142 | -68 | -68 |
Net change in ESOP liability | $132 | $235 | $1,349 |
Significant_Accounting_Policie
Significant Accounting Policies | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Significant Accounting Policies | ' | ||||||||||||
Note 1 - Significant Accounting Policies | |||||||||||||
Nature of Business | |||||||||||||
Uwharrie Capital Corp (the “Company”) was incorporated under North Carolina law for the purpose of becoming the holding company for Bank of Stanly (“Stanly”). On July 1, 1993, Stanly became a wholly-owned subsidiary of the Company through a one-for-one exchange of the common stock of Stanly for common stock of the Company. On September 1, 2013, Bank of Stanly changed its name to Uwharrie Bank (“Uwharrie”). | |||||||||||||
Uwharrie was incorporated on September 28, 1983, under the laws of the State of North Carolina and began operations on January 26, 1984 in Albemarle, North Carolina. Deposits with Uwharrie are insured by the Federal Deposit Insurance Corporation (“FDIC”). Uwharrie is under regulation of the Federal Reserve, the FDIC and the North Carolina State Banking Commission. Through its six branch locations in Stanly County, Uwharrie provides a wide range of deposit accounts, commercial, consumer, home equity and residential mortgage loans, safe deposit boxes and automated banking. | |||||||||||||
In 1987, Uwharrie established a wholly-owned subsidiary, BOS Agency, Inc. (“BOS Agency”), which engages in insurance product sales. In 1989, Uwharrie established a second wholly-owned subsidiary, BOS Financial Corporation, for the purpose of conducting business as a “broker dealer” in securities. During 1993, BOS Financial Corporation changed its name to The Strategic Alliance Corporation (“Strategic Alliance”) and was registered as a “broker dealer” and is regulated by the Financial Industry Regulatory Authority (“FINRA”). | |||||||||||||
The Company formed a new subsidiary, Strategic Investment Advisors, Inc. (“SIA”), during 1998 to provide investment advisory and asset management services. This subsidiary is registered as an investment advisor with the Securities and Exchange Commission. | |||||||||||||
On January 19, 2000, the Company completed its acquisition of Anson BanCorp, Inc. and its subsidiary, Anson Savings Bank. The savings bank retained its North Carolina savings bank charter and became a wholly-owned subsidiary of Uwharrie Capital Corp as Anson Bank & Trust Company (“Anson”), operating out of its main office branch in Wadesboro. Anson was consolidated into Uwharrie Bank effective September 1, 2013. | |||||||||||||
On August 4, 2000, Uwharrie acquired another subsidiary, Gateway Mortgage, Inc. (“Gateway”), a mortgage origination company. This company is currently inactive and does not affect the consolidated financials. | |||||||||||||
On April 10, 2003, the Company capitalized a new wholly-owned subsidiary bank, Cabarrus Bank & Trust Company (“Cabarrus”), located in Concord, North Carolina. As of that date, Cabarrus purchased two branch offices located in Cabarrus County from Uwharrie to begin its operation. Cabarrus operated as a commercial bank and provided a full range of banking services. Cabarrus was consolidated into Uwharrie Bank effective September 1, 2013. | |||||||||||||
On April 7, 2004 Uwharrie Mortgage, Inc. was established as a subsidiary of the Company to serve in the capacity of trustee and substitute trustee under deeds of trust. | |||||||||||||
Principles of Consolidation | |||||||||||||
The consolidated financial statements include the accounts of the Company, Uwharrie, SIA and Uwharrie’s subsidiaries, BOS Agency and Strategic Alliance. All significant intercompany transactions and balances have been eliminated in consolidation. | |||||||||||||
Use of Estimates | |||||||||||||
The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America (“GAAP”), requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses. | |||||||||||||
Cash and Cash Equivalents | |||||||||||||
For the purpose of presentation in the consolidated statements of cash flows, cash and cash equivalents are defined as those amounts included in the balance sheet captions “Cash and due from banks” and “Interest-earning deposits with banks.” | |||||||||||||
Investment Securities Available for Sale | |||||||||||||
Investment securities available for sale consist of United States Treasuries, United States Government agencies, Government Sponsored Enterprise (GSE) mortgage backed securities and collateralized mortgage obligations (CMOs) and state and political subdivision bonds. We do not hold any trading securities or held to maturity securities. Unrealized holding gains and losses on available for sale securities are reported as a net amount in other comprehensive income, net of income taxes. Gains and losses on the sale of available for sale securities are determined using the specific identification method. Declines in the fair value of individual available for sale securities below their cost that are other than temporary would result in write-downs of the individual securities, to their fair value. Such write-downs would be included in earnings as realized losses. Amortization of premiums and accretion of discounts are recognized in interest income using the interest method over the period to maturity. | |||||||||||||
Loans Held for Sale | |||||||||||||
Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. The allowance, if any, would not have a material impact on the financial statements. | |||||||||||||
Loans | |||||||||||||
The Company divides the loans it grants into two segments, commercial and noncommercial loans. Commercial loans are broken down into the following classes: commercial loans, real estate commercial loans and other real estate construction loans. Noncommercial loans are divided into the following classes: real estate 1-4 family construction, real estate 1-4 family residential loans, home equity loans, consumer loans and other loans. The ability of the Company’s borrowers to honor their contracts is largely dependent upon the real estate and general economic conditions in the Company’s market area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the effective interest method. | |||||||||||||
The accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 days delinquent unless the credit is well-secured and in process of collection. Credit card loans and other personal loans are typically charged off no later than 180 days past due. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. The exception to this policy is credit card loans that remain in accrual status 90 days or more until they are paid current or charged off. | |||||||||||||
All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these impaired loans is accounted for on the cash-basis until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Generally a minimum of six months of sustained performance is required. | |||||||||||||
Allowance for Loan Losses | |||||||||||||
The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses. The provision for loan losses is expensed to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | |||||||||||||
The Company has different specific risks identified within the loan segments. Specific risks within the commercial loan segment arise with borrowers that are experiencing diminished operating cash flows, depreciated collateral values or prolonged sales and rental absorption periods. Concentrations within the portfolio if unmanaged, pose additional risk. Occasionally, the Company will purchase participation loans from other institutions and if not independently underwritten by the Bank, could carry additional risk. Generally, owner-occupied commercial real estate loans carry less risk than non-owner occupied. Specific risks within the non-commercial portfolio tend to be tied to economic factors including high unemployment and decreased real estate values. Risk to the Company is greater as home values deteriorate more rapidly than amortization in a loan, leaving little to no equity in properties, especially in junior lien positions. Concentration in the portfolio, such as home equity lines of credit, could pose additional risk if not appropriately managed. | |||||||||||||
The allowance for loan losses is evaluated both individually and collectively by loan class on a regular basis by management. Loans are collectively evaluated based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. Individually evaluated loans are based upon discounted cash flows or the underlying value of the collateral. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. In addition, regulatory examiners may require the Company to recognize adjustments to the allowance for loan losses based on their judgment about information available to them at the time of their assessment. | |||||||||||||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Homogeneous loans are collectively evaluated by loan class for impairment. However, homogeneous loans will be evaluated individually for impairment if such a loan is deemed impaired. | |||||||||||||
Troubled debt restructure loans (TDR) are modifications of a loan when a borrower is experiencing financial difficulty and the modification involves providing a concession to the existing loan contract. TDRs are considered to be impaired loans and are individually evaluated for impairment. | |||||||||||||
The portion of the Company’s allowance for loan loss model related to general reserves captures the mean loss of individual loans and the rare event of severe loss that can occur within the loan portfolio. Specifically, the Company calculates probable losses on loans by computing a probability of loss and expected loss scenario by FDIC call report codes. Together, these expected components, as well as a level of more extreme unexpected losses form the basis of the allowance model. The loans that are impaired and included in the specific reserve are excluded from these calculations. | |||||||||||||
In the second and third quarters of 2013, the Company updated its allowance for loan loss model to more accurately assess the probability of losses inherent in the loan portfolio. A frequently used risk statistic is the Value at Risk (“VaR”). The VaR statistic represents the amount of loss that can occur in a specified time period at a certain confidence level In the second quarter two alterations were made to the methodology: the previous “VaR” calculation was replaced by an improved “VaR” that more adequately reflected the risk in the loan portfolio, and the least squares regression was replaced by a simple average. The first alteration caused an increase of $849,538 in the allowance, while the second caused a decrease of $159,869. | |||||||||||||
Mortgage Servicing Rights | |||||||||||||
The Company capitalizes mortgage servicing rights when loans are sold and the loan servicing is retained. The cost of servicing rights is amortized in proportion to and over the estimated period of net servicing revenues is expected to be received based on projections of the amount and timing of estimated future cash flows. The amortization of servicing rights is recognized in the statement of income as an offset to other noninterest income. Servicing assets are periodically evaluated for impairment based upon their fair value. Fair value is based upon discounted cash flows using market-based assumptions. Impairment is recognized through a valuation allowance and charged to other expense. | |||||||||||||
Transfers of Financial Assets | |||||||||||||
Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. | |||||||||||||
Foreclosed Real Estate | |||||||||||||
Real estate properties acquired through foreclosure or other proceedings are initially recorded at fair value upon foreclosure, establishing a new cost basis less costs to sell. Annually, valuations are performed and the foreclosed property is adjusted to the lower of cost or fair value of the properties, less costs to sell. Any write-down at the time of transfer to foreclosed properties is charged to the allowance for loan losses. Subsequent write-downs are charged to other expenses, and costs related to the improvement of the property are capitalized if the current fair value will allow it. If not these costs are expensed also. | |||||||||||||
Premises and Equipment | |||||||||||||
Premises and equipment are stated at cost less accumulated depreciation. Land is carried at cost. Additions and major replacements or betterments which extend the useful lives of premises and equipment are capitalized. Maintenance, repairs and minor improvements are expensed as incurred. Depreciation is computed principally by the straight-line method over estimated useful lives, except in the case of leasehold improvements, which are amortized over the term of the leases, if shorter. Useful lives range from five to seven years for furniture, fixtures and equipment, to ten to thirty-nine years for leasehold improvements and buildings, respectively. Upon retirement or other disposition of the assets, the cost and the related accumulated depreciation are removed from the accounts and any gains or losses are reflected in income. | |||||||||||||
Restricted Stock | |||||||||||||
As a requirement for membership, the bank invests in the stock of the Federal Home Loan Bank of Atlanta (“FHLB”) and Federal Reserve Bank (“FRB”). These investments are carried at cost. Due to the redemption provisions of these investments, the Company estimated that fair value approximates cost and that this investment was not impaired. | |||||||||||||
Stock-Based Compensation | |||||||||||||
The Company recognizes the cost of employee services received in exchange for an award of equity instruments in the financial statements over the period the employee is required to perform the services in exchange for the award (presumptively the vesting period). ASC 718 also requires measurement of the cost of employee services received in exchange for an award based on the grant-date fair value of the award. Excess tax benefits are reported as financing cash inflows in the consolidated statement of cash flows. | |||||||||||||
Income Taxes | |||||||||||||
The Company and its subsidiaries file a consolidated federal income tax return and separate North Carolina income tax returns. The provision for income taxes in the accompanying consolidated financial statements is provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. | |||||||||||||
The tax returns for the Company are subject to audit for the 2010 fiscal year and thereafter. The Company records penalties and interest related to income taxes as a component of income tax expense. | |||||||||||||
Fair Value of Financial Instruments | |||||||||||||
Accounting Standards Codification (ASC) 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 does not require any new fair value measurements, but clarifies and standardizes some divergent practices that have emerged since prior guidance was issued. ASC 820 creates a three-level hierarchy under which individual fair value estimates are to be ranked based on the relative reliability of the inputs used in the valuation. | |||||||||||||
ASC 820 defines fair value as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which those assets or liabilities are sold and considers assumptions that market participants would use when pricing those assets or liabilities. Fair values determined using Level 1 inputs rely on active and observable markets to price identical assets or liabilities. In situations where identical assets and liabilities are not traded in active markets, fair values may be determined based on Level 2 inputs, which exist when observable data exists for similar assets and liabilities. Fair values for assets and liabilities for which identical or similar assets and liabilities are not actively traded in observable markets are based on Level 3 inputs, which are considered to be unobservable. | |||||||||||||
Among the Company’s assets and liabilities, investment securities available for sale are reported at their fair values on a recurring basis. Certain other assets are adjusted to their fair value on a nonrecurring basis, including other real estate owned, impaired loans, loans held for sale, which are carried at the lower of cost or market; loan servicing rights, where fair value is determined using similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions; and goodwill, which is periodically tested for impairment. Deposits, short-term borrowings and long-term obligations are not reported at fair value. | |||||||||||||
Prices for US Treasury securities are readily available in the active markets in which those securities are traded, and the resulting fair values are shown in the ‘Level 1 input’ column. Prices for government agency securities, mortgage-backed securities and for state, county and municipal securities are obtained for similar securities, and the resulting fair values are shown in the ‘Level 2 input’ column. Prices for all other non-marketable investments are determined based on various assumptions that are not observable. The fair values for these investment securities are shown in the ‘Level 3 input’ column. Non-marketable investment securities, which are carried at their purchase price, include those that may only be redeemed by the issuer. The changes in securities between Level 1 and Level 2 were related to the purchase and sale of several securities and not the transfer of securities. | |||||||||||||
The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan losses is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment by using one of several methods including collateral value, fair value of similar debt or discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the present value of the expected repayments or fair value of collateral exceed the recorded investments in such loans. At December 31, 2013, substantially all of the total impaired loans were evaluated based on the fair value of the underlying collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan as nonrecurring Level 2. When an internal assessment of fair value based upon market data issued or management determines the fair value of the underlying collateral is further impaired below the appraised value, the Company records the impaired loan as nonrecurring Level 3. | |||||||||||||
Foreclosed assets are adjusted to fair value upon transfer of the loans to other real estate owned. Real estate acquired in settlement of loans is recorded initially at the estimated fair value of the property less estimated selling costs at the date of foreclosure. The initial recorded value may be subsequently reduced by additional allowances, which are charged to earnings if the estimated fair value of the property less estimated selling costs declines below the initial recorded value. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the foreclosed asset as nonrecurring Level 2. When an internal assessment of fair value based upon market data issued or management determines the fair value of the underlying collateral is further impaired below the appraised value, the Company records the impaired loan as nonrecurring Level 3. | |||||||||||||
Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate, based on secondary market prices. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. These loans are recorded in Level 2 | |||||||||||||
Servicing assets are evaluated for impairment based upon the fair value. Fair value is determined based upon discounted cash flows using market-based assumptions. Servicing assets are recorded in Level 3. | |||||||||||||
Comprehensive Income | |||||||||||||
The Company reports as comprehensive income all changes in shareholders’ equity during the year from sources other than shareholders. Other comprehensive income refers to all components (revenues, expenses, gains, and losses) of comprehensive income that are excluded from net income. The Company’s only component of other comprehensive income is unrealized gains and losses, net of income tax, on investment securities available for sale. The following table presents the changes in accumulated other comprehensive income for the year ended December 31, 2013: | |||||||||||||
Year ended | |||||||||||||
December 31, 2013 | |||||||||||||
(dollars in thousands) | |||||||||||||
Beginning Balance | $ | 1,487 | |||||||||||
Other comprehensive income (loss) before reclassifications, net of $1,292 tax effect | (2,370 | ) | |||||||||||
Amounts reclassified from accumulated other comprehensive income, net of $202 tax effect | 321 | ||||||||||||
Net current-period other comprehensive loss | 2,049 | ||||||||||||
Ending Balance | $ | (562 | ) | ||||||||||
As of December 31, 2013 and December 31, 2012, total accumulated other comprehensive income (loss) was ($562,000) and $1.4 million, respectively. | |||||||||||||
Earnings per Common Share | |||||||||||||
The Company had stock options outstanding covering 92,491 shares of common stock at both December 31, 2013 and 2012 and 123,570 shares of common stock at December 31, 2011. All of these options were anti-dilutive. | |||||||||||||
Basic earnings per share (“EPS”) excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. The ESOP effect is the average of the unallocated ESOP shares. | |||||||||||||
The computation of weighted average shares used in the calculation of basic and dilutive earnings per share is summarized below: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Weighted average number of common shares used in computing basic net income per common share | 7,483,691 | 7,502,496 | 7,593,969 | ||||||||||
Effect of ESOP shares | (206,940 | ) | (130,829 | ) | (126,573 | ) | |||||||
Adjusted weighted average number of common shares used in computing basic net income per common share | 7,276,751 | 7,371,667 | 7,467,396 | ||||||||||
Effect of dilutive stock options | — | — | — | ||||||||||
Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share | 7,276,751 | 7,371,667 | 7,467,396 | ||||||||||
Noncontrolling Interest | |||||||||||||
During 2012, each of the Company’s subsidiary banks began a campaign to sell Fixed Rate Noncumulative Perpetual Preferred Stock, Series B. The preferred stock qualifies as Tier 1 capital at each bank and pays dividends at an annual rate of 5.30%. The preferred stock has no voting rights. The campaign raised $7.9 million less issuance costs of $113,000 of Fixed Rate Noncumulative Perpetual Preferred Stock. These funds were held in an escrow account at December 31, 2012 and the new preferred stock was issued in January 2013. The total net amount of capital raised was $7.7 million at the subsidiary bank level. This capital is presented as noncontrolling interest in the consolidated balance sheets. Dividends declared on this preferred stock are presented as earnings allocated to the noncontrolling interest in the consolidated statements of income. Effective September 1, 2013, the Fixed Rate Noncumulative Perpetual Preferred Stock, Series B was rolled into one issue under Uwharrie Bank in connection with the consolidation and name change. | |||||||||||||
During 2013, the Company’s subsidiary bank, Uwharrie Bank, began a campaign to sell Fixed Rate Noncumulative Perpetual Preferred Stock, Series C to be issued by the subsidiary bank. The preferred stock qualifies as Tier 1 capital at the bank and pays dividends at an annual rate of 5.30%. The preferred stock has no voting rights. The campaign raised $2.8 million less issuance costs of $24,000. | |||||||||||||
Recent Accounting Pronouncements | |||||||||||||
In February 2013, the FASB issued ASU 2013-02, an update to ASC 220 “Comprehensive Income”. The amendments in this update do not change the current reporting requirements for net income or other comprehensive income (OCI), but finalize reporting requirements related to reclassifications out of accumulated other comprehensive income (AOCI). Presentation requirements were originally addressed in ASU 2011-05, but delayed by ASU 2011-12 as a result of feedback received and have been modified in this Update to address those concerns. This Update requires entities to provide information about significant amounts reclassified out of AOCI. If the reclassified amount is required to be reclassified in its entirety to net income in the same reporting period, the entity is required to present, either on the face of the income statement or in the notes, the impact of the reclassification on the respective line items of net income. For other amounts that are reclassified partially to the balance sheet and partially to the income statement (i.e. those amounts that are not reclassified in their entirety to net income in the same reporting period), the entity must cross-reference to other disclosures that provide additional detail about those amounts. The update is effective prospectively for reporting periods beginning after December 15, 2012. The adoption of this update did not have a significant impact on the Company’s financial statements except for the added disclosures. | |||||||||||||
In January 2014, the FASB issued ASU 2014-04, an update to ASC 310 “Receivables – Trouble Debt Restructurings by Creditors”. The amendments in this update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The update is effective for reporting periods beginning after December 15, 2014. The adoption of this update will not have a significant impact on the Company’s financial statements except for added disclosures. | |||||||||||||
From time to time the FASB issues exposure drafts of proposed statements of financial accounting standards. Such exposure drafts are subject to comment from the public, to revisions by the FASB and to final issuance by the FASB as statements of financial accounting standards. Management considers the effect of the proposed statements on the consolidated financial statements of the Company and monitors the status of changes to and proposed effective dates of exposure drafts. | |||||||||||||
Reclassification | |||||||||||||
Certain amounts in the 2012 financial statements have been reclassified to conform to the 2013 presentation. These reclassifications do not have a material impact on consolidated financial statements or related footnotes. |
Investment_Securities
Investment Securities | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investment Securities | ' | ||||||||||||||||||||||||
Note 2 - Investment Securities | |||||||||||||||||||||||||
Carrying amounts and fair values of securities available for sale are summarized below: | |||||||||||||||||||||||||
December 31, 2013 | Amortized | Gross | Gross | Fair Value | |||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
U.S. Treasury | $ | 20,992 | $ | 502 | $ | 208 | $ | 21,286 | |||||||||||||||||
U.S. Government agencies | 34,931 | 145 | 776 | 34,300 | |||||||||||||||||||||
GSE – Mortgage-backed securities and CMO’s | 37,871 | 121 | 986 | 37,006 | |||||||||||||||||||||
State and political subdivisions | 7,337 | 351 | — | 7,688 | |||||||||||||||||||||
Total securities available for sale | $ | 101,131 | $ | 1,119 | $ | 1,970 | $ | 100,280 | |||||||||||||||||
December 31, 2012 | Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
U.S. Treasury | $ | 18,731 | $ | 846 | $ | 1 | $ | 19,576 | |||||||||||||||||
U.S. Government agencies | 21,689 | 485 | — | 22,174 | |||||||||||||||||||||
GSE – Mortgage-backed securities and CMO’s | 40,766 | 379 | 123 | 41,022 | |||||||||||||||||||||
State and political subdivisions | 8,165 | 701 | — | 8,866 | |||||||||||||||||||||
Total securities available for sale | $ | 89,351 | $ | 2,411 | $ | 124 | $ | 91,638 | |||||||||||||||||
At both December 31, 2013 and 2012, the Company owned Federal Reserve Bank stock reported at cost of $467,000 and $803,000, respectively. Also at December 31, 2013 and 2012, the Company owned Federal Home Loan Bank Stock (FHLB) of $717,000 and $1.5 million, respectively. The investments in Federal Reserve stock and FHLB stock are required investments related to the Company’s membership and borrowings with these banks. | |||||||||||||||||||||||||
Results from sales and calls of securities available for sale for the years ended December 31, 2013, 2012 and 2011 are as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Gross proceeds from sales and calls | $ | 20,182 | $ | 42,889 | $ | 25,568 | |||||||||||||||||||
Realized gains from sales | $ | 41 | $ | 1,398 | $ | 933 | |||||||||||||||||||
Realized losses from sales | (564 | ) | (112 | ) | — | ||||||||||||||||||||
Net realized gains (losses) | $ | (523 | ) | $ | 1,286 | $ | 933 | ||||||||||||||||||
At December 31, 2013, 2012 and 2011 securities available for sale with a carrying amount of $63.1 million, $48.8 million and $37.7 million, respectively, were pledged as collateral on public deposits and for other purposes as required or permitted by law. | |||||||||||||||||||||||||
The following tables show the gross unrealized losses and fair value of investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2013 and 2012. The unrealized losses on investment securities are a result of temporary fluctuations in the market prices due to a rise in interest rates, which will adjust if rates decline in a volatile market and are in no way a reflection of the credit quality of the investments. At December 31, 2013, the unrealized losses related to one United States Treasury note, ten government agency bonds and thirteen government sponsored enterprise (GSE) mortgage backed securities. At December 31, 2012 the unrealized losses related to two United States Treasury notes and seven mortgage backed securities. | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
December 31, 2013 | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Securities available for sale temporary impairment | |||||||||||||||||||||||||
U.S. Treasury | $ | 4,722 | $ | 208 | $ | — | $ | — | $ | 4,722 | $ | 208 | |||||||||||||
U.S. Gov’t agencies | 29,147 | 776 | — | — | 29,147 | 776 | |||||||||||||||||||
GSE-Mortgage-backed securities and CMO’s | 22,206 | 842 | 3,849 | 144 | 26,055 | 986 | |||||||||||||||||||
State and political subdivisions | — | — | — | — | — | — | |||||||||||||||||||
$ | 56,075 | $ | 1,826 | $ | 3,849 | $ | 144 | $ | 59,924 | $ | 1,970 | ||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
December 31, 2012 | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Securities available for sale temporary impairment | |||||||||||||||||||||||||
U.S. Treasury | $ | 2,485 | $ | 1 | $ | — | $ | — | $ | 2,485 | $ | 1 | |||||||||||||
U.S. Gov’t agencies | — | — | — | — | — | — | |||||||||||||||||||
GSE-Mortgage-backed securities and CMO’s | 21,355 | 123 | — | — | 21,355 | 123 | |||||||||||||||||||
State and political subdivisions | — | — | — | — | — | — | |||||||||||||||||||
$ | 23,840 | $ | 124 | $ | — | $ | — | $ | 23,840 | $ | 124 | ||||||||||||||
The Company did have two GSE mortgage backed securities that had been in a loss position for more than twelve months. Declines in the fair value of the investment portfolio are believed by management to be temporary in nature. When evaluating an investment for other-than-temporary impairment management considers among other things, the length of time and the extent to which the fair value has been in a loss position, the financial condition of the issuer and the intent and the ability of the Company to hold the investment until the loss position is recovered. | |||||||||||||||||||||||||
Any unrealized losses were largely due to increases in market interest rates over the yields available at the time of purchase. The fair value is expected to recover as the bonds approach their maturity date or market yields for such investments decline. Management does not believe any of the securities are impaired due to reasons of quality but that the losses are temporary in nature. At December 31, 2013, the Company does not intend to sell and is not likely to be required to sell the available for sale securities that were in a loss position prior to full recovery. | |||||||||||||||||||||||||
The following table shows contractual maturities of the investment portfolio as of December 31, 2013: | |||||||||||||||||||||||||
Amortized | Estimated | ||||||||||||||||||||||||
Cost | Fair Value | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Due within one year | $ | 481 | $ | 485 | |||||||||||||||||||||
Due after one but within five years | 38,590 | 39,124 | |||||||||||||||||||||||
Due after five but within ten years | 23,171 | 22,623 | |||||||||||||||||||||||
Due after ten years | 1,018 | 1,042 | |||||||||||||||||||||||
Mortgage backed securities | 37,871 | 37,006 | |||||||||||||||||||||||
$ | 101,131 | $ | 100,280 | ||||||||||||||||||||||
The mortgage-backed securities are shown separately as they are not due at a single maturity date. |
Loans_Held_for_Investment
Loans Held for Investment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Loans Held for Investment | ' | ||||||||
Note 3 - Loans Held for Investment | |||||||||
The composition of net loans held for investment by class as of December 31, 2013 and 2012 is as follows: | |||||||||
2013 | 2012 | ||||||||
(dollars in thousands) | |||||||||
Commercial | |||||||||
Commercial | $ | 47,436 | $ | 41,390 | |||||
Real estate – commercial | 95,922 | 103,304 | |||||||
Other real estate construction loans | 17,583 | 25,052 | |||||||
Noncommercial | |||||||||
Real estate 1-4 family construction | 3,418 | 3,080 | |||||||
Real estate – residential | 87,463 | 93,927 | |||||||
Home equity | 45,231 | 48,517 | |||||||
Consumer loans | 9,623 | 12,986 | |||||||
Other loans | 612 | 822 | |||||||
307,288 | 329,078 | ||||||||
Less: | |||||||||
Allowance for loan losses | (5,095 | ) | (6,801 | ) | |||||
Deferred loan (fees) costs, net | 60 | 105 | |||||||
Loans held for investment, net | $ | 302,253 | $ | 322,382 | |||||
Although the subsidiary bank loan portfolio is diversified, there is a concentration of mortgage real estate loans, primarily 1 to 4 family residential mortgage loans, which represent 44.29% of total loans. Additionally, there is concentration in commercial loans secured primarily by real estate, shopping center locations, commercial land development, commercial buildings and equipment that represent 52.37% of total loans. There is not a concentration of a particular type of credit in this group of commercial loans. | |||||||||
Total recorded investment in impaired loans, which consisted of nonaccrual loans and other loans identified by management as impaired, totaled $17.6 million and $26.1 million at December 31, 2013 and 2012, respectively. There were no loans 90 past due and still accruing at December 31, 2013 or at December 31, 2012. | |||||||||
Restructured loans at December 31, 2013 totaled $6.4 million of which all $6.4 million are included in the impaired loan total, compared to $6.8 million of which all $6.8 million were included in impaired loans at December 31, 2012. The carrying value of foreclosed properties held as other real estate was $7.2 million and $8.7 million at December 31, 2013 and 2012, respectively. | |||||||||
The Company had loans of $150.4 million and $137.2 million pledged to borrowings at Federal Home Loan Bank and the Federal Reserve Bank at December 31, 2013 and 2012, respectively. | |||||||||
The Company’s loan policies are written to address loan-to-value ratios and collateralization methods with respect to each lending category. Consideration is given to the economic and credit risk of lending areas and customers associated with each category. |
Allowance_for_Loan_Losses
Allowance for Loan Losses | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||
Allowance for Loan Losses | ' | ||||||||||||||||||||||||
Note 4 - Allowance for Loan Losses | |||||||||||||||||||||||||
Changes in the allowance for loan losses for the years ended December 31, 2013, 2012 and 2011 are presented below: | |||||||||||||||||||||||||
Commercial | 2013 | 2012 | 2011 | ||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Balance, beginning of year | $ | 2,791 | $ | 2,904 | $ | 5,363 | |||||||||||||||||||
Provision (recovery) charged to operations | 784 | 985 | 1,947 | ||||||||||||||||||||||
Charge-offs | (1,005 | ) | (1,167 | ) | (4,417 | ) | |||||||||||||||||||
Recoveries | 96 | 69 | 11 | ||||||||||||||||||||||
Net (charge-offs) | (909 | ) | (1,098 | ) | (4,406 | ) | |||||||||||||||||||
Other | (1 | ) | — | 14 | |||||||||||||||||||||
Balance, end of year | $ | 2,665 | $ | 2,791 | $ | 2,904 | |||||||||||||||||||
Non-Commercial | 2013 | 2012 | 2011 | ||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Balance, beginning of year | $ | 4,010 | $ | 3,911 | $ | 3,704 | |||||||||||||||||||
Provision (recovery) charged to operations | (756 | ) | 847 | 1,509 | |||||||||||||||||||||
Charge-offs | (966 | ) | (824 | ) | (1,419 | ) | |||||||||||||||||||
Recoveries | 146 | 76 | 122 | ||||||||||||||||||||||
Net (charge-offs) | (820 | ) | (748 | ) | (1,297 | ) | |||||||||||||||||||
Other | (4 | ) | — | (5 | ) | ||||||||||||||||||||
Balance, end of year | $ | 2,430 | $ | 4,010 | $ | 3,911 | |||||||||||||||||||
Total | 2013 | 2012 | 2011 | ||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Balance, beginning of year | $ | 6,801 | $ | 6,815 | $ | 9,067 | |||||||||||||||||||
Provision (recovery) charged to operations | 28 | 1,832 | 3,456 | ||||||||||||||||||||||
Charge-offs | (1,971 | ) | (1,991 | ) | (5,836 | ) | |||||||||||||||||||
Recoveries | 242 | 145 | 133 | ||||||||||||||||||||||
Net (charge-offs) | (1,729 | ) | (1,846 | ) | (5,703 | ) | |||||||||||||||||||
Other | (5 | ) | — | (5 | ) | ||||||||||||||||||||
Balance, end of year | $ | 5,095 | $ | 6,801 | $ | 6,815 | |||||||||||||||||||
The following table shows period-end loans and reserve balances by loan segment both individually and collectively evaluated for impairment at December 31, 2013 and 2012: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Individually Evaluated | Collectively Evaluated | Total | |||||||||||||||||||||||
Reserve | Loans | Reserve | Loans | Reserve | Loans | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 1,519 | $ | 8,700 | $ | 1,146 | $ | 152,241 | $ | 2,665 | $ | 160,941 | |||||||||||||
Non-Commercial | 868 | 8,853 | 1,562 | 137,554 | 2,430 | 146,407 | |||||||||||||||||||
Total | $ | 2,387 | $ | 17,553 | $ | 2,708 | $ | 289,795 | $ | 5,095 | $ | 307,348 | |||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Individually Evaluated | Collectively Evaluated | Total | |||||||||||||||||||||||
Reserve | Loans | Reserve | Loans | Reserve | Loans | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 1,428 | $ | 14,979 | $ | 1,363 | $ | 154,767 | $ | 2,791 | $ | 169,746 | |||||||||||||
Non-Commercial | 1,606 | 11,128 | 2,404 | 148,309 | 4,010 | 159,437 | |||||||||||||||||||
Total | $ | 3,034 | $ | 26,107 | $ | 3,767 | $ | 303,076 | $ | 6,801 | $ | 329,183 | |||||||||||||
Past due loan information is used by management when assessing the adequacy of the allowance for loan loss. The following tables summarize the past due information of the loan portfolio by class: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Loans | Loans | Total Past | Current | Total | Accruing | ||||||||||||||||||||
30-89 Days | 90 Days | Due Loans | Loans | Loans | Loans 90 or | ||||||||||||||||||||
Past Due | or More | More Days | |||||||||||||||||||||||
Past due | Past Due | ||||||||||||||||||||||||
and Non - | |||||||||||||||||||||||||
Accrual | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 143 | $ | 204 | $ | 347 | $ | 47,089 | $ | 47,436 | $ | — | |||||||||||||
Real estate – commercial | 165 | 1,064 | 1,229 | 94,693 | 95,922 | — | |||||||||||||||||||
Other real estate construction | 145 | 1,637 | 1,782 | 15,801 | 17,583 | — | |||||||||||||||||||
Real estate construction | — | — | — | 3,418 | 3,418 | — | |||||||||||||||||||
Real estate – residential | 1,426 | 1,564 | 2,990 | 84,533 | 87,523 | — | |||||||||||||||||||
Home equity | 207 | 248 | 455 | 44,776 | 45,231 | — | |||||||||||||||||||
Consumer loan | 55 | — | 55 | 9,568 | 9,623 | — | |||||||||||||||||||
Other loans | — | — | — | 612 | 612 | — | |||||||||||||||||||
Total | $ | 2,141 | $ | 4,717 | $ | 6,858 | $ | 300,490 | $ | 307,348 | $ | — | |||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Loans | Loans | Total Past | Current | Total | Accruing | ||||||||||||||||||||
30-89 Days | 90 Days | Due Loans | Loans | Loans | Loans 90 or | ||||||||||||||||||||
Past Due | or More | More Days | |||||||||||||||||||||||
Past due | Past Due | ||||||||||||||||||||||||
and Non - | |||||||||||||||||||||||||
Accrual | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 98 | $ | 437 | $ | 535 | $ | 40,855 | $ | 41,390 | $ | — | |||||||||||||
Real estate – commercial | 708 | 3,032 | 3,740 | 99,564 | 103,304 | — | |||||||||||||||||||
Other real estate construction | 12 | 2,945 | 2,957 | 22,095 | 25,052 | — | |||||||||||||||||||
Real estate construction | — | — | — | 3,080 | 3,080 | — | |||||||||||||||||||
Real estate – residential | 1,309 | 2,507 | 3,816 | 90,216 | 94,032 | — | |||||||||||||||||||
Home equity | 162 | 558 | 720 | 47,797 | 48,517 | — | |||||||||||||||||||
Consumer loan | 218 | 1 | 219 | 12,767 | 12,986 | — | |||||||||||||||||||
Other loans | — | — | — | 822 | 822 | — | |||||||||||||||||||
Total | $ | 2,507 | $ | 9,480 | $ | 11,987 | $ | 317,196 | $ | 329,183 | $ | — | |||||||||||||
Once a loan becomes 90 days past due, the loan is automatically transferred to a nonaccrual status. The exception to this policy is credit card loans that remain in accrual status 90 days or more until they are paid current or charged off. | |||||||||||||||||||||||||
The composition of nonaccrual loans by class as of December 31, 2013 and 2012 is as follows: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 204 | $ | 437 | |||||||||||||||||||||
Real estate – commercial | 1,064 | 3,032 | |||||||||||||||||||||||
Other real estate construction | 1,637 | 2,945 | |||||||||||||||||||||||
Real estate 1-4 family construction | — | — | |||||||||||||||||||||||
Real estate – residential | 1,564 | 2,507 | |||||||||||||||||||||||
Home equity | 248 | 558 | |||||||||||||||||||||||
Consumer loans | — | 1 | |||||||||||||||||||||||
Other loans | — | — | |||||||||||||||||||||||
$ | 4,717 | $ | 9,480 | ||||||||||||||||||||||
Management uses a risk-grading program to facilitate the evaluation of probable inherent loan losses and to measure the adequacy of the allowance for loan losses. In this program, risk grades are initially assigned by the loan officers and reviewed and monitored by the lenders and credit administration on an ongoing basis. The program has eight risk grades summarized in five categories as follows: | |||||||||||||||||||||||||
Pass: Loans that are pass grade credits include loans that are fundamentally sound and risk factors are reasonable and acceptable. They generally conform to policy with only minor exceptions and any major exceptions are clearly mitigated by other economic factors. | |||||||||||||||||||||||||
Watch: Loans that are watch credits include loans on management’s watch list where a risk concern may be anticipated in the near future. | |||||||||||||||||||||||||
Substandard: Loans that are considered substandard are loans that are inadequately protected by current sound net worth, paying capacity of the obligor or the value of the collateral pledged. All nonaccrual loans are graded as substandard. | |||||||||||||||||||||||||
Doubtful: Loans that are considered to be doubtful have all weaknesses inherent in loans classified substandard, plus the added characteristic that the weaknesses make the collection or liquidation in full on the basis of current existing facts, conditions and values highly questionable and improbable. | |||||||||||||||||||||||||
Loss: Loans that are considered to be a loss are considered to be uncollectible and of such little value that their continuance as bankable assets is not warranted. | |||||||||||||||||||||||||
The tables below summarize risk grades of the loan portfolio by class as of December 31, 2013 and 2012: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Pass | Watch | Sub- | Doubtful | Total | |||||||||||||||||||||
standard | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 46,520 | $ | 635 | $ | 281 | $ | — | $ | 47,436 | |||||||||||||||
Real estate – commercial | 80,679 | 9,396 | 5,847 | — | 95,922 | ||||||||||||||||||||
Other real estate construction | 12,898 | 2,465 | 1,385 | 835 | 17,583 | ||||||||||||||||||||
Real estate 1-4 family construction | 3,418 | — | — | — | 3,418 | ||||||||||||||||||||
Real estate – residential | 70,407 | 12,911 | 4,205 | — | 87,523 | ||||||||||||||||||||
Home equity | 43,830 | 1,005 | 396 | — | 45,231 | ||||||||||||||||||||
Consumer loans | 9,216 | 361 | 46 | — | 9,623 | ||||||||||||||||||||
Other loans | 612 | — | — | — | 612 | ||||||||||||||||||||
Total | $ | 267,580 | $ | 26,773 | $ | 12,160 | $ | 835 | $ | 307,348 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Pass | Watch | Sub- | Doubtful | Total | |||||||||||||||||||||
standard | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 39,800 | $ | 836 | $ | 754 | $ | — | $ | 41,390 | |||||||||||||||
Real estate – commercial | 84,748 | 9,337 | 9,219 | — | 103,304 | ||||||||||||||||||||
Other real estate construction | 20,684 | 577 | 3,477 | 314 | 25,052 | ||||||||||||||||||||
Real estate 1-4 family construction | 3,080 | — | — | — | 3,080 | ||||||||||||||||||||
Real estate – residential | 78,115 | 9,728 | 6,189 | — | 94,032 | ||||||||||||||||||||
Home equity | 46,590 | 914 | 1,013 | — | 48,517 | ||||||||||||||||||||
Consumer loans | 12,360 | 512 | 114 | — | 12,986 | ||||||||||||||||||||
Other loans | 822 | — | — | — | 822 | ||||||||||||||||||||
Total | $ | 286,199 | $ | 21,904 | $ | 20,766 | $ | 314 | $ | 329,183 | |||||||||||||||
Loans that are in nonaccrual status or 90 days past due and still accruing are considered to be nonperforming. During 2013, nonperforming loans decreased from $9.5 million at December 31, 2012 to $4.7 million at December 31, 2013, a decrease of $4.8 million. The major contributor to this decrease was one loan relationship totaling $1.3 million that was paid off. There were several loans that were foreclosed on during 2013 with the related property being moved into other real estate owned. | |||||||||||||||||||||||||
The following tables show the breakdown between performing and nonperforming loans by class as of December 31, 2013 and 2012: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Performing | Non- | Total | |||||||||||||||||||||||
Performing | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 47,232 | $ | 204 | $ | 47,436 | |||||||||||||||||||
Real estate – commercial | 94,858 | 1,064 | 95,922 | ||||||||||||||||||||||
Other real estate construction | 15,946 | 1,637 | 17,583 | ||||||||||||||||||||||
Real estate 1-4 family construction | 3,418 | — | 3,418 | ||||||||||||||||||||||
Real estate – residential | 85,959 | 1,564 | 87,523 | ||||||||||||||||||||||
Home equity | 44,983 | 248 | 45,231 | ||||||||||||||||||||||
Consumer loans | 9,623 | — | 9,623 | ||||||||||||||||||||||
Other loans | 612 | — | 612 | ||||||||||||||||||||||
Total | $ | 302,631 | $ | 4,717 | $ | 307,348 | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Performing | Non- | Total | |||||||||||||||||||||||
Performing | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 40,953 | $ | 437 | $ | 41,390 | |||||||||||||||||||
Real estate – commercial | 100,272 | 3,032 | 103,304 | ||||||||||||||||||||||
Other real estate construction | 22,107 | 2,945 | 25,052 | ||||||||||||||||||||||
Real estate 1-4 family construction | 3,080 | — | 3,080 | ||||||||||||||||||||||
Real estate – residential | 91,525 | 2,507 | 94,032 | ||||||||||||||||||||||
Home equity | 47,959 | 558 | 48,517 | ||||||||||||||||||||||
Consumer loans | 12,985 | 1 | 12,986 | ||||||||||||||||||||||
Other loans | 822 | — | 822 | ||||||||||||||||||||||
Total | $ | 319,703 | $ | 9,480 | $ | 329,183 | |||||||||||||||||||
Loans are considered impaired when, based on current information and events it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement. If a loan is deemed impaired, a valuation analysis is performed and a specific reserve is allocated if necessary. The tables below summarize the loans deemed impaired and the amount of specific reserves allocated by class as of December 31, 2013 and 2012 (unpaid principal balance was grossed up for chargeoffs): | |||||||||||||||||||||||||
As of December 31, 2013 | Year ended | ||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Related | Average | Interest | ||||||||||||||||||||
Principal | Investment | Investment | Allowance | Recorded | Income | ||||||||||||||||||||
Balance | With No | With | Investment | ||||||||||||||||||||||
Allowance | Allowance | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 377 | $ | 291 | $ | 86 | $ | 67 | $ | 845 | $ | 21 | |||||||||||||
Real estate – commercial | 6,808 | 3,962 | 2,375 | 507 | 7,089 | 328 | |||||||||||||||||||
Other real estate construction | 2,034 | 247 | 1,739 | 945 | 2,078 | 17 | |||||||||||||||||||
Real estate 1-4 family construction | 374 | 25 | 349 | 16 | 380 | 23 | |||||||||||||||||||
Real estate – residential | 8,197 | 4,619 | 3,329 | 530 | 8,507 | 300 | |||||||||||||||||||
Home equity | 415 | 58 | 357 | 279 | 819 | 8 | |||||||||||||||||||
Consumer loans | 116 | 61 | 55 | 43 | 156 | 14 | |||||||||||||||||||
Other loans | — | — | — | — | — | — | |||||||||||||||||||
Total | $ | 18,321 | $ | 9,263 | $ | 8,290 | $ | 2,387 | $ | 19,874 | $ | 711 | |||||||||||||
As of December 31, 2012 | Year ended | ||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Related | Average | Interest | ||||||||||||||||||||
Principal | Investment | Investment | Allowance | Recorded | Income | ||||||||||||||||||||
Balance | With No | With | Investment | ||||||||||||||||||||||
Allowance | Allowance | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 1,977 | $ | 388 | $ | 1,470 | $ | 616 | $ | 1,440 | $ | 66 | |||||||||||||
Real estate – commercial | 11,299 | 6,341 | 2,895 | 411 | 11,607 | 473 | |||||||||||||||||||
Other real estate construction | 3,935 | 2,437 | 1,448 | 401 | 4,055 | 202 | |||||||||||||||||||
Real estate 1-4 family construction | 840 | 713 | 127 | 127 | 1,053 | 43 | |||||||||||||||||||
Real estate – residential | 8,985 | 3,994 | 4,991 | 1,215 | 11,442 | 427 | |||||||||||||||||||
Home equity | 1,068 | 521 | 547 | 159 | 1,200 | 32 | |||||||||||||||||||
Consumer loans | 235 | 39 | 196 | 105 | 308 | 14 | |||||||||||||||||||
Other loans | — | — | — | — | — | — | |||||||||||||||||||
Total | $ | 28,339 | $ | 14,433 | $ | 11,674 | $ | 3,034 | $ | 31,105 | $ | 1,257 | |||||||||||||
As of December 31, 2011 | Year ended | ||||||||||||||||||||||||
31-Dec-11 | |||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Related | Average | Interest | ||||||||||||||||||||
Principal | Investment | Investment | Allowance | Recorded | Income | ||||||||||||||||||||
Balance | With No | With | Investment | ||||||||||||||||||||||
Allowance | Allowance | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 2,099 | $ | 889 | $ | 1,091 | $ | 578 | $ | 1,525 | $ | 93 | |||||||||||||
Real estate – commercial | 14,951 | 11,365 | 1,523 | 452 | 16,520 | 716 | |||||||||||||||||||
Other real estate construction | 4,016 | 2,644 | 1,370 | 107 | 7,746 | 236 | |||||||||||||||||||
Real estate 1-4 family construction | 1,095 | 501 | 594 | 202 | 1,249 | 53 | |||||||||||||||||||
Real estate – residential | 11,877 | 7,231 | 4,646 | 1,001 | 10,137 | 616 | |||||||||||||||||||
Home equity | 993 | 753 | 240 | 124 | 1,194 | 37 | |||||||||||||||||||
Consumer loans | 242 | 49 | 193 | 119 | 280 | 16 | |||||||||||||||||||
Other loans | — | — | — | — | — | — | |||||||||||||||||||
Total | $ | 35,273 | $ | 23,432 | $ | 9,657 | $ | 2,583 | $ | 38,651 | $ | 1,767 | |||||||||||||
Troubled_Debt_Restructures
Troubled Debt Restructures | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Troubled Debt Restructures | ' | ||||||||||||||||||||||||||||||||
Note 5 - Troubled Debt Restructures | |||||||||||||||||||||||||||||||||
A modification of a loan constitutes a troubled debt restructuring (“TDR”) when a borrower is experiencing financial difficulty and the modification involves providing a concession to the existing loan contract. The Company offers various types of concessions when modifying loans to troubled borrowers, however, forgiveness of principal is rarely granted. Concessions offered are term extensions, capitalizing accrued interest, reducing interest rates to below current market rates or a combination of any of these. Combinations from time to time may include allowing a customer to be placed on interest-only payments. The presentations below in the “other” category are TDR’s with a combination of concessions. At the time of a TDR, additional collateral or a guarantor may be requested. | |||||||||||||||||||||||||||||||||
Loans modified as TDRs are typically already on nonaccrual status and in some cases, partial chargeoffs may have already been taken against the outstanding loan balance. The Company classifies TDR loans as impaired loans and evaluates the need for an allowance for loan loss on a loan-by-loan basis. An allowance is based on either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price or the estimated fair value of the underlying collateral less any selling costs, if the loan is deemed to be collateral dependent. | |||||||||||||||||||||||||||||||||
For the twelve months ended December 31, 2013 and 2012, the following table presents a breakdown of the types of concessions made by loan class: | |||||||||||||||||||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||||||||||||||||||
Number | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||
of Contracts | Outstanding Recorded | Outstanding Recorded | |||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Extend payment terms: | |||||||||||||||||||||||||||||||||
Commercial | — | $ | — | $ | — | ||||||||||||||||||||||||||||
Real estate – commercial | — | — | — | ||||||||||||||||||||||||||||||
Other real estate construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate 1-4 family construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate – residential | — | — | — | ||||||||||||||||||||||||||||||
Home equity | — | — | — | ||||||||||||||||||||||||||||||
Consumer loans | — | — | — | ||||||||||||||||||||||||||||||
Other loans | — | — | — | ||||||||||||||||||||||||||||||
— | $ | — | $ | — | |||||||||||||||||||||||||||||
Other: | |||||||||||||||||||||||||||||||||
Commercial | — | $ | — | $ | — | ||||||||||||||||||||||||||||
Real estate – commercial | 1 | 356 | 341 | ||||||||||||||||||||||||||||||
Other real estate construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate 1-4 family construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate – residential | 8 | 895 | 875 | ||||||||||||||||||||||||||||||
Home equity | 1 | 18 | 18 | ||||||||||||||||||||||||||||||
Consumer loans | — | — | — | ||||||||||||||||||||||||||||||
Other loans | — | — | — | ||||||||||||||||||||||||||||||
10 | $ | 1,269 | $ | 1,234 | |||||||||||||||||||||||||||||
Total | 10 | $ | 1,269 | $ | 1,234 | ||||||||||||||||||||||||||||
Year ended December 31, 2012 | |||||||||||||||||||||||||||||||||
Number | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||
of Contracts | Outstanding Recorded | Outstanding Recorded | |||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Extend payment terms: | |||||||||||||||||||||||||||||||||
Commercial | 1 | $ | 33 | $ | 32 | ||||||||||||||||||||||||||||
Real estate – commercial | — | — | — | ||||||||||||||||||||||||||||||
Other real estate construction | 1 | 49 | 49 | ||||||||||||||||||||||||||||||
Real estate 1-4 family construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate – residential | 2 | 30 | 30 | ||||||||||||||||||||||||||||||
Home equity | — | — | — | ||||||||||||||||||||||||||||||
Consumer loans | 1 | 45 | 42 | ||||||||||||||||||||||||||||||
Other loans | — | — | — | ||||||||||||||||||||||||||||||
5 | $ | 157 | $ | 153 | |||||||||||||||||||||||||||||
Other: | |||||||||||||||||||||||||||||||||
Commercial | 1 | $ | 68 | $ | 68 | ||||||||||||||||||||||||||||
Real estate – commercial | 1 | 116 | 112 | ||||||||||||||||||||||||||||||
Other real estate construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate 1-4 family construction | 1 | 32 | 31 | ||||||||||||||||||||||||||||||
Real estate – residential | 6 | 939 | 933 | ||||||||||||||||||||||||||||||
Home equity | — | — | — | ||||||||||||||||||||||||||||||
Consumer loans | 1 | 17 | 17 | ||||||||||||||||||||||||||||||
Other loans | — | — | — | ||||||||||||||||||||||||||||||
10 | $ | 1,172 | $ | 1,161 | |||||||||||||||||||||||||||||
Total | 15 | $ | 1,329 | $ | 1,314 | ||||||||||||||||||||||||||||
The following table presents loans that were modified as troubled debt restructurings within the previous twelve months and for which there was a payment default during the twelve months ended December 31, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
Year ended | Year ended | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Number | Recorded | Number | Recorded | ||||||||||||||||||||||||||||||
of Loans | Investment | of Loans | Income | ||||||||||||||||||||||||||||||
Extend payment terms: | |||||||||||||||||||||||||||||||||
Commercial | — | $ | — | 1 | $ | 31 | |||||||||||||||||||||||||||
Real estate – commercial | — | — | — | — | |||||||||||||||||||||||||||||
Other real estate construction | — | — | 1 | 49 | |||||||||||||||||||||||||||||
Real estate 1-4 family construction | — | — | — | — | |||||||||||||||||||||||||||||
Real estate – residential | — | — | — | — | |||||||||||||||||||||||||||||
Home equity | — | — | 2 | 30 | |||||||||||||||||||||||||||||
Consumer loans | — | — | — | — | |||||||||||||||||||||||||||||
Other loans | — | — | — | — | |||||||||||||||||||||||||||||
Total | $ | — | $ | — | $ | 4 | $ | 110 | |||||||||||||||||||||||||
Other: | |||||||||||||||||||||||||||||||||
Commercial | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Real estate – commercial | — | — | — | — | |||||||||||||||||||||||||||||
Other real estate construction | — | — | — | — | |||||||||||||||||||||||||||||
Real estate 1-4 family construction | — | — | — | — | |||||||||||||||||||||||||||||
Real estate – residential | — | — | 1 | 238 | |||||||||||||||||||||||||||||
Home equity | — | — | — | — | |||||||||||||||||||||||||||||
Consumer loans | — | — | 1 | 17 | |||||||||||||||||||||||||||||
Other loans | — | — | — | — | |||||||||||||||||||||||||||||
$ | — | $ | — | $ | 2 | $ | 255 | ||||||||||||||||||||||||||
Total | $ | — | $ | — | $ | 6 | $ | 365 | |||||||||||||||||||||||||
A default on a troubled debt restructure is defined as being past due 90 days or being out of compliance with the modification agreement. As previously mentioned the Company considers TDRs to be impaired loans and has $420,000 in the allowance for loan loss as of December 31, 2013, as a direct result of these TDRs. At December 31, 2012 there was $1.1 million in the allowance for loan loss related to TDRs. | |||||||||||||||||||||||||||||||||
The following table presents the successes and failures of the types of modifications within the previous twelve months as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||||||
Paid In Full | Paying as restructured | Converted to nonaccrual | Foreclosure/ Default | ||||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||
Loans | Investments | Loans | Investments | Loans | Investments | Loans | Investments | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
Extended payment terms | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||||||||
Other | — | — | 10 | 1,234 | — | — | — | — | |||||||||||||||||||||||||
Total | — | $ | — | 10 | $ | 1,234 | — | $ | — | — | $ | — | |||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
Extended payment terms | — | $ | — | — | $ | — | — | $ | — | 4 | $ | 110 | |||||||||||||||||||||
Other | — | — | 9 | 949 | — | — | 2 | 255 | |||||||||||||||||||||||||
Total | — | $ | — | 9 | $ | 949 | — | $ | — | 6 | $ | 365 | |||||||||||||||||||||
Mortgage_Servicing_Assets
Mortgage Servicing Assets | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Mortgage Servicing Assets | ' | ||||||||||||
Note 6 - Mortgage Servicing Assets | |||||||||||||
The principal balance of loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of mortgage and other loans serviced for others were approximately $406 million and $386 million at December 31, 2013 and 2012, respectively. The carrying value of capitalized servicing rights, net of valuation allowances, is included in other assets. A summary of mortgage servicing rights follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Beginning of year mortgage servicing rights: | $ | 2,394 | $ | 2,142 | $ | 2,134 | |||||||
Amounts capitalized | 763 | 1,237 | 679 | ||||||||||
Amortization | (801 | ) | (908 | ) | (671 | ) | |||||||
Impairment | — | (77 | ) | — | |||||||||
End of year | $ | 2,356 | $ | 2,394 | $ | 2,142 | |||||||
Amortization expense is estimated as follows: | |||||||||||||
Year ending December 31, | |||||||||||||
(dollars in thousands) | |||||||||||||
2014 | $ | 557 | |||||||||||
2015 | 482 | ||||||||||||
2016 | 407 | ||||||||||||
2017 | 332 | ||||||||||||
2018 | 257 | ||||||||||||
Thereafter | 321 | ||||||||||||
Total | $ | 2,356 | |||||||||||
The amortization does not anticipate or pro-forma loan prepayments. | |||||||||||||
The fair value of mortgage servicing rights was $3.1 million at December 31, 2013 and $2.4 million at December 31, 2012. The key assumptions used to value mortgage servicing rights as of December 31, 2013 were as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Weighted average remaining life | 260 months | 264 months | |||||||||||
Weighted average discount rate | 12 | % | 12 | % | |||||||||
Weighted average coupon | 4.01 | % | 4.22 | % | |||||||||
Weighted average prepayment speed | 187 | % | 325 | % |
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Premises and Equipment | ' | ||||||||
Note 7 - Premises and Equipment | |||||||||
The major classes of premises and equipment and the total accumulated depreciation at December 31, 2013 and 2012 are listed below: | |||||||||
2013 | 2012 | ||||||||
(dollars in thousands) | |||||||||
Land | $ | 3,454 | $ | 4,101 | |||||
Building and improvements | 11,096 | 11,129 | |||||||
Furniture and equipment | 7,937 | 7,583 | |||||||
Total fixed assets | 22,487 | 22,813 | |||||||
Less accumulated depreciation | 8,706 | 7,861 | |||||||
Net fixed assets | $ | 13,781 | $ | 14,952 | |||||
Leases
Leases | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases [Abstract] | ' | ||||
Leases | ' | ||||
Note 8 - Leases | |||||
The Company’s subsidiary, Uwharrie Bank has entered into a noncancelable operating lease for an administrative office location in Concord that expires in 2017. The lease requires annual rental payments of $62,120 and contains two five-year renewal options at the expiration of the initial term. | |||||
Future minimum lease payments under these leases for years subsequent to December 31, 2013 are as follows: | |||||
Year ending December 31, | |||||
(dollars in thousands) | |||||
2014 | $ | 62 | |||
2015 | 62 | ||||
2016 | 62 | ||||
2017 | 42 | ||||
2018 | — | ||||
Thereafter | — | ||||
Total | $ | 228 | |||
Total rental expense related to the operating leases was $61,914, $60,929, and $60,450 for the years ended December 31, 2013, 2012 and 2011, respectively, and is included in occupancy expense. |
Deposits
Deposits | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||
Deposits | ' | ||||||||||||||||
Note 9 - Deposits | |||||||||||||||||
The composition of deposits at December 31, 2013 and 2012 is as follows: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Amount | Percentage | Amount | Percentage | ||||||||||||||
of Total | of Total | ||||||||||||||||
(dollars in thousands) | |||||||||||||||||
Demand noninterest-bearing | $ | 74,493 | 16 | % | $ | 70,347 | 15 | % | |||||||||
Interest checking and money market | 228,933 | 51 | % | 211,066 | 46 | % | |||||||||||
Savings | 41,512 | 9 | % | 43,336 | 10 | % | |||||||||||
Time deposits $100,000 and over | 44,690 | 10 | % | 53,449 | 12 | % | |||||||||||
Other time deposits | 64,080 | 14 | % | 79,414 | 17 | % | |||||||||||
Total | $ | 453,708 | 100 | % | $ | 457,612 | 100 | % | |||||||||
The maturities of fixed-rate time deposits at December 31, 2013 are reflected in the table below: | |||||||||||||||||
Year ending December 31, | Time | Other | |||||||||||||||
Deposits | Time | ||||||||||||||||
$100,000 | Deposits | ||||||||||||||||
and Over | |||||||||||||||||
(dollars in thousands) | |||||||||||||||||
2014 | $ | 21,528 | $ | 38,614 | |||||||||||||
2015 | 7,060 | 9,819 | |||||||||||||||
2016 | 12,289 | 12,845 | |||||||||||||||
2017 | 3,163 | 2,554 | |||||||||||||||
2018 | 650 | 248 | |||||||||||||||
Thereafter | — | — | |||||||||||||||
Total | $ | 44,690 | $ | 64,080 | |||||||||||||
ShortTerm_Borrowed_Funds
Short-Term Borrowed Funds | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||
Short-Term Borrowed Funds | ' | ||||||||||||||||
Note 10 - Short-Term Borrowed Funds | |||||||||||||||||
The following tables set forth certain information regarding the amounts, year-end weighted average rates, average balances, weighted average rate, and maximum month-end balances for short-term borrowed funds, at and during 2013 and 2012: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Amount | Rate | Amount | Rate | ||||||||||||||
(dollars in thousands) | |||||||||||||||||
At year-end | |||||||||||||||||
Master notes and other short term borrowing | $ | 3,998 | 0.25 | % | $ | 6,180 | 0.92 | % | |||||||||
Notes payable | 11 | 6 | % | 10 | 6 | % | |||||||||||
Short-term advances from FHLB | 1,500 | 4.08 | % | 12,500 | 2.3 | % | |||||||||||
$ | 5,509 | 1.3 | % | $ | 18,690 | 1.84 | % | ||||||||||
2013 | 2012 | ||||||||||||||||
Amount | Rate | Amount | Rate | ||||||||||||||
(dollars in thousands) | |||||||||||||||||
Average for the year | |||||||||||||||||
Federal funds purchased | $ | 4 | 0.79 | % | $ | 5 | 0.8 | % | |||||||||
Master notes and other short term borrowing | 5,617 | 0.41 | % | 7,464 | 0.9 | % | |||||||||||
Notes payable | 10 | 6 | % | 29 | 4.37 | % | |||||||||||
Short-term advances from FHLB | 5,026 | 2.61 | % | 11,503 | 2.46 | % | |||||||||||
$ | 10,657 | 1.34 | % | $ | 19,001 | 1.85 | % | ||||||||||
2013 | 2012 | ||||||||||||||||
(dollars in thousands) | |||||||||||||||||
Maximum month-end balance | |||||||||||||||||
Federal funds purchased | $ | — | $ | — | |||||||||||||
Master notes and other short term borrowing | 6,736 | 7,491 | |||||||||||||||
Notes payable | 11 | 59 | |||||||||||||||
Short-term advances from FHLB | 9,500 | 13,500 | |||||||||||||||
Federal funds purchased represent unsecured overnight borrowings from other financial institutions. Master notes and other secured borrowings represent an overnight investment in commercial paper issued by the Company to customers of its subsidiary bank, where an agreement is in place. | |||||||||||||||||
The subsidiary bank has combined available lines of credit for federal funds and Federal Reserve discount window availability in the amount of $52.6 million at December 31, 2013. |
LongTerm_Debt
Long-Term Debt | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Debt Disclosure [Abstract] | ' | ||||
Long-Term Debt | ' | ||||
Note 11 - Long-Term Debt | |||||
The Company has a line of credit with the Federal Home Loan Bank secured by qualifying first lien and second mortgage loans, commercial real estate loans and investment securities with eligible collateral value of $62.4 million with remaining availability of $49.4 million at December 31, 2013. There were no long-term advances under this line at December 31, 2013 and $1.5 million at December 31, 2012. The interest rate was 4.08% in 2012. The subsidiary bank also has standby letters of credit issued by the Federal Home Loan Bank to be used as collateral for public funds deposits. The amount of the letters of credit was $11.5 million at December 31, 2013. | |||||
During the second and third quarters of 2010, the Company conducted a private placement offering of fixed rate junior subordinated debt securities at $1,000 per security with a required minimum investment of $50,000. The offering raised $11.1 million, of which the entire $11.1 million was outstanding at December 31, 2013. These securities have a final maturity date of December 31, 2018 and may be redeemed by the Company after December 31, 2013. The junior subordinated debt pays interest quarterly at an annual fixed rate of 5.75%. All proceeds of this private placement qualify and are included in the calculation of Tier 2 capital. Once the final maturity drops under five years, the Company must impose a twenty percent annual reduction per year of the amount of the proceeds from the sale of these securities that are eligible to be counted as Tier 2 capital. The Company would have a twenty percent reduction beginning at March 31, 2014. The Company is in the process of refinancing the current fixed rate junior subordinated debt securities with a new offering currently in process with an annual fixed rate of 5.75% and a ten year maturity. | |||||
On November 19, 2002, the Company executed a mortgage in the amount of $129,000 for the purchase of property for branch expansion. This loan bears interest at 6.00% and is to be paid in 60 quarterly installments of $3,277. The outstanding principal balance on this note was $46,301 at December 31, 2013 down from $56,254 at December 31, 2012. | |||||
As of December 31, 2013, the scheduled maturities of these long term borrowings are as follows: | |||||
Year ending December 31, | |||||
(dollars in thousands) | |||||
2015 | $ | 12 | |||
2016 | 12 | ||||
2017 | 12 | ||||
2018 | 11,127 | ||||
2019 | — | ||||
Thereafter | — | ||||
Total | $ | 11,163 | |||
Income_Tax_Matters
Income Tax Matters | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Tax Matters | ' | ||||||||||||
Note 12 - Income Tax Matters | |||||||||||||
The significant components of income tax expense (benefit) for the years ended December 31, 2013, 2012 and 2011 are summarized as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Current tax expense (benefit): | |||||||||||||
Federal | $ | (98 | ) | $ | 1,243 | $ | (838 | ) | |||||
State | 2 | 256 | 34 | ||||||||||
Total | (96 | ) | 1,499 | (804 | ) | ||||||||
Deferred tax expense (benefit): | |||||||||||||
Federal | 285 | (946 | ) | 890 | |||||||||
State | 153 | (188 | ) | 110 | |||||||||
Total | 438 | (1,134 | ) | 1,000 | |||||||||
Net provision for income taxes | $ | 342 | $ | 365 | $ | 196 | |||||||
The difference between the provision for income taxes and the amounts computed by applying the statutory federal income tax rate of 34% to income before income taxes is summarized below: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Tax computed at the statutory federal rate | $ | 441 | $ | 262 | $ | 373 | |||||||
Increases (decrease) resulting from: | |||||||||||||
Tax exempt interest, net | (229 | ) | (250 | ) | (247 | ) | |||||||
State income taxes, net of federal benefit | 102 | 45 | 94 | ||||||||||
Impairment of goodwill | — | 336 | — | ||||||||||
Other | 28 | (28 | ) | (24 | ) | ||||||||
Provision for income taxes | $ | 342 | $ | 365 | $ | 196 | |||||||
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of deferred taxes at December 31, 2013, 2012 and 2011 are as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Deferred tax assets relating to: | |||||||||||||
Allowance for loan losses | $ | 1,934 | $ | 2,514 | $ | 2,439 | |||||||
Deferred compensation | 853 | 696 | 595 | ||||||||||
Other | 856 | 1,030 | 264 | ||||||||||
Net unrealized loss on securities available for sale | 289 | — | — | ||||||||||
Total deferred tax assets | 3,932 | 4,240 | 3,298 | ||||||||||
Deferred tax liabilities relating to: | |||||||||||||
Net unrealized gain on securities available for sale | — | (801 | ) | (1,164 | ) | ||||||||
Premises and equipment | (487 | ) | (651 | ) | (678 | ) | |||||||
Deferred loans fees and costs | (199 | ) | (187 | ) | (205 | ) | |||||||
Loan servicing | (201 | ) | (208 | ) | (206 | ) | |||||||
Prepaid expenses | — | — | (149 | ) | |||||||||
Total deferred tax liabilities | (887 | ) | (1,847 | ) | (2,402 | ) | |||||||
Net recorded deferred tax asset | $ | 3,045 | $ | 2,393 | $ | 896 | |||||||
The net deferred tax asset is included in other assets on the accompanying consolidated balance sheets. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Commitments and Contingencies | ' | ||||||||
Note 13 - Commitments and Contingencies | |||||||||
Financial Instruments with Off-Balance Sheet Risk | |||||||||
The subsidiary bank is party to financial instruments with off-balance sheet risks in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, lines of credit and standby letters of credit. These instruments involve elements of credit risk in excess of amounts recognized in the accompanying financial statements. | |||||||||
The subsidiary bank’s risk of loss with the unfunded loans and lines of credit or standby letters of credit is represented by the contractual amount of these instruments. The Bank uses the same credit policies in making commitments under such instruments as it does for on-balance sheet instruments. The amount of collateral obtained, if any, is based on management’s credit evaluation of the borrower. Collateral held varies, but may include accounts receivable, inventory, real estate and time deposits with financial institutions. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Credit card commitments are unsecured. | |||||||||
As of December 31, 2013 and 2012, outstanding financial instruments whose contract amounts represent credit risk were as follows: | |||||||||
2013 | 2012 | ||||||||
(dollars in thousands) | |||||||||
Commitments to extend credit | $ | 67,865 | $ | 71,997 | |||||
Credit card commitments | 8,016 | 7,957 | |||||||
Standby letters of credit | 1,100 | 1,100 | |||||||
$ | 76,981 | $ | 81,054 | ||||||
Contingencies | |||||||||
In the normal course of business, the Company is involved in various legal proceedings. In the opinion of management, any liability resulting from such proceedings would not have a material adverse effect on the consolidated financial statements. | |||||||||
Financial Instruments with Concentration of Credit Risk | |||||||||
The subsidiary bank makes commercial, agricultural, real estate mortgage, home equity and consumer loans primarily in Stanly, Anson and Cabarrus counties. A substantial portion of the Company’s customers’ ability to honor their contracts is dependent on the economy in these counties. | |||||||||
Although the Company’s composition of loans is diversified, there is some concentration of mortgage loans in the total portfolio. The Banks’ policy is to abide by real estate loan-to-value margin limits corresponding to guidelines issued by the federal supervisory agencies on March 19, 1993. Lending policy for all loans requires that they be supported by sufficient cash flows at the time of origination. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Related Party Transactions [Abstract] | ' | ||||
Related Party Transactions | ' | ||||
Note 14 - Related Party Transactions | |||||
The Company has granted loans to certain directors and executive officers and their related interests. Such loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other borrowers and, in management’s opinion, do not involve more than the normal risk of collectability. All loans to directors and executive officers or their interests are submitted to the Board of Directors for approval. A summary of loans to directors, executive officers and their related interests follows: | |||||
(dollars in thousands) | |||||
Balance at December 31, 2012 | $ | 15,169 | |||
Disbursements during the year | 7,345 | ||||
Collections during the year | (9,847 | ) | |||
Balance at December 31, 2013 | $ | 12,667 | |||
At December 31, 2013, the Company had approved, but unused lines of credit, totaling $2.2 million to executive officers and directors, and their related interests. |
Shareholders_Equity_and_Regula
Shareholders' Equity and Regulatory Matters | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||
Shareholders' Equity and Regulatory Matters | ' | ||||||||||||||||||||||||
Note 15 - Shareholders’ Equity and Regulatory Matters | |||||||||||||||||||||||||
The Company and its banking subsidiary are subject to certain requirements imposed by state and federal banking statutes and regulations. These requirements, among other things, establish minimum levels of capital, restrict the amount of dividends that may be distributed, and require that reserves on deposit liabilities be maintained in the form of vault cash or deposits with the Federal Reserve Bank. | |||||||||||||||||||||||||
The Company and its subsidiary bank are subject to federal regulatory risk-based capital guidelines for banks and bank holding companies. Each must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices which measure Total and Tier 1 Capital to risk-weighted assets and Tier 1 Capital to average assets. Quantitative measures established by regulation to ensure capital adequacy and the Company’s consolidated capital ratios are set forth in the table below. The Company expects to meet or exceed these minimums without altering current operations or strategy. | |||||||||||||||||||||||||
Actual | Minimum | Minimum to Be Well | |||||||||||||||||||||||
For Capital | Capitalized Under | ||||||||||||||||||||||||
Requirement | Prompt Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Total Capital to Risk | |||||||||||||||||||||||||
Weighted Assets: | |||||||||||||||||||||||||
Consolidated | $ | 56,439 | 16.7 | % | $ | 27,071 | 8 | % | $ | N/A | — | % | |||||||||||||
Uwharrie Bank | 54,503 | 16.2 | % | 26,955 | 8 | % | 33,694 | 10 | % | ||||||||||||||||
Tier 1 Capital to Risk | |||||||||||||||||||||||||
Weighted Assets: | |||||||||||||||||||||||||
Consolidated | 41,071 | 12.1 | % | 13,536 | 4 | % | N/A | — | % | ||||||||||||||||
Uwharrie Bank | 50,280 | 15 | % | 13,478 | 4 | % | 20,216 | 6 | % | ||||||||||||||||
Tier 1 Capital to | |||||||||||||||||||||||||
Average Assets: | |||||||||||||||||||||||||
Consolidated | 41,071 | 7.8 | % | 21,126 | 4 | % | N/A | — | % | ||||||||||||||||
Uwharrie Bank | 50,280 | 9.6 | % | 21,067 | 4 | % | 26,334 | 5 | % | ||||||||||||||||
Actual | Minimum For | Minimum to Be Well | |||||||||||||||||||||||
Capital | Capitalized Under | ||||||||||||||||||||||||
Requirement | Prompt Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Total Capital to Risk | |||||||||||||||||||||||||
Weighted Assets: | |||||||||||||||||||||||||
Consolidated | $ | 56,728 | 16.3 | % | $ | 27,899 | 8 | % | $ | N/A | — | % | |||||||||||||
Bank of Stanly | 34,208 | 15.1 | % | 18,159 | 8 | % | 22,699 | 10 | % | ||||||||||||||||
Anson Bank and Trust | 6,402 | 19.1 | % | 2,688 | 8 | % | 3,360 | 10 | % | ||||||||||||||||
Cabarrus Bank and Trust | 12,879 | 15.5 | % | 6,668 | 8 | % | 8,335 | 10 | % | ||||||||||||||||
Tier 1 Capital to Risk | |||||||||||||||||||||||||
Weighted Assets: | |||||||||||||||||||||||||
Consolidated | 41,212 | 11.8 | % | 13,949 | 4 | % | N/A | — | % | ||||||||||||||||
Bank of Stanly | 31,349 | 13.8 | % | 9,080 | 4 | % | 13,619 | 6 | % | ||||||||||||||||
Anson Bank and Trust | 5,976 | 17.8 | % | 1,344 | 4 | % | 2,016 | 6 | % | ||||||||||||||||
Cabarrus Bank and Trust | 11,834 | 14.2 | % | 3,334 | 4 | % | 5,001 | 6 | % | ||||||||||||||||
Tier 1 Capital to | |||||||||||||||||||||||||
Average Assets: | |||||||||||||||||||||||||
Consolidated | 41,212 | 7.6 | % | 21,643 | 4 | % | N/A | — | % | ||||||||||||||||
Bank of Stanly | 31,349 | 9.3 | % | 13,619 | 4 | % | 13,514 | 5 | % | ||||||||||||||||
Anson Bank and Trust | 5,976 | 9.9 | % | 2,016 | 4 | % | 2,410 | 5 | % | ||||||||||||||||
Cabarrus Bank and Trust | 11,834 | 9 | % | 5,001 | 4 | % | 5,225 | 5 | % | ||||||||||||||||
As of December 31, 2013, the most recent notification from the Federal Deposit Insurance Corporation categorized the Company’s subsidiary bank as being well capitalized under the regulatory framework for prompt corrective action. There have been no conditions or events since such notification that management believes would have changed the categorization. | |||||||||||||||||||||||||
On December 23, 2008, the Company entered into a letter agreement with the United States Department of Treasury to sell 10,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the “Senior Preferred”) with a redemption value of $10.0 million under the capital purchase program (“CPP”). The Company also issued a warrant to the Treasury that was immediately exercised for 500 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series B (the “Warrant Preferred”) with redemption value of $500,000. Combined proceeds received for the issuance of both the Senior Preferred and the Warrant Preferred was $10.0 million, resulting in a net discount that has been allocated between the two issues based upon their relative fair values. As a condition of the Cumulative Perpetual Preferred Stock, the Company must obtain consent from the holder to repurchase its common stock or to pay a cash dividend. | |||||||||||||||||||||||||
The Senior Preferred qualifies as Tier 1 capital and pays cumulative dividends at a rate of 5% per year, for the first five years, and 9% per year thereafter. Under the terms of the agreement, the Senior Preferred may be redeemed with prior approval from the Federal Reserve in the first three years with the proceeds from the issuance of certain qualifying Tier 1 capital or after three years at par value plus accrued and unpaid dividends. | |||||||||||||||||||||||||
The Warrant Preferred also qualifies as Tier 1 capital and pays cumulative dividends at a rate of 9% per year. Under the terms of the agreement, the Warrant Preferred may be redeemed after the Senior Preferred has been completely redeemed, at par value plus accrued and unpaid dividends. It was the Company’s intention to redeem both issues of preferred stock no later than the fifth anniversary of their issuance. Accordingly, the net discount of $500,000 is going to be amortized over five years. | |||||||||||||||||||||||||
On December 31, 2008, the Company entered into agreements with its subsidiary banks to sell Fixed Rate Noncumulative Perpetual Preferred Stock to the Company to provide an avenue for investing portions of the funds received from Company’s issuance of senior preferred stock at the subsidiary bank level. At December 31, 2012, Uwharrie Capital Corp had invested $3.0 million in Stanly, $1.8 million in Anson and $3.0 million in Cabarrus. | |||||||||||||||||||||||||
During 2012, each of the Company’s subsidiary banks began a campaign to sell Fixed Rate Noncumulative Perpetual Preferred Stock, Series B. The preferred stock qualifies as Tier 1 capital at the subsidiary bank and pays dividends at a rate of 5.30%. The sale ended on December 31, 2012 raising $7.9 million less issuance costs of $113,000. These funds were held in an escrow account at December 31, 2012 and the new preferred stock was issued in January 2013. The total net amount of capital raised was $7.7 million at the subsidiary bank level. This capital is presented as noncontrolling interest in the consolidated balance sheets. | |||||||||||||||||||||||||
During the third quarter of 2013, the Company’s subsidiary bank, Uwharrie Bank, began a campaign to sell Fixed Rate Noncumulative Perpetual Preferred Stock, Series C to be issued by the subsidiary bank. The preferred stock qualifies as Tier 1 capital at the bank and pays dividends at an annual rate of 5.30%. The preferred stock has no voting rights. The offering ended September 15, 2013 with Uwharrie raising $2.8 million in new capital less total issuance costs of $23,000. At September 30, 2013, these funds were held in an escrow account and the new preferred stock was issued on October 1, 2013. | |||||||||||||||||||||||||
During the fourth quarter of 2013, the Company repaid the entire $10.5 million of Series A and Series B Fixed Rate Cumulative Perpetual Preferred Stock, at par, to the United States Department of Treasury. | |||||||||||||||||||||||||
All of the Company’s aforementioned investment in its subsidiary bank qualifies for Tier 1 capital treatment for the bank and is included as such in its year end capital ratios. | |||||||||||||||||||||||||
For the reserve maintenance period in effect at December 31, 2013, the subsidiary bank was required to maintain reserve balances in cash or on deposit with the Federal Reserve Bank in the aggregate amount of $3.7 million as reserves on deposit liabilities. | |||||||||||||||||||||||||
Stock Repurchase Program | |||||||||||||||||||||||||
On February 21, 1995, the Company’s Board of Directors authorized and approved a Stock Repurchase Program, to be reaffirmed annually, pursuant to which the Company may repurchase shares of the Company’s common stock for the primary purpose of providing liquidity to its shareholders. After receiving approval the Company repurchased 56,565 shares of outstanding common stock in 2013 and 90,260 shares of outstanding common stock in 2012. | |||||||||||||||||||||||||
Pursuant to the terms of the United States Department of the Treasury’s investment in the Company’s preferred stock under the CPP, the Company must obtain the prior consent of the United States Department of the Treasury to repurchase its common stock under the Stock Purchase Plan or otherwise or to pay a cash dividend. With the repayment in full to United States Department of the Treasury in fourth quarter of 2013 this consent is no longer needed. |
Stock_Based_Compensation
Stock Based Compensation | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||
Stock Based Compensation | ' | ||||||||||||
Note 16 - Stock Based Compensation | |||||||||||||
During 1996, the Company adopted the 1996 Incentive Stock Option Plan (“SOP”) and the Employee Stock Purchase Plan (“SPP”), under which options to purchase shares of the Company’s common stock may be granted to officers and eligible employees. Options granted under the SOP are exercisable in established increments according to vesting schedules, generally three to five years, and will expire if not exercised within ten years of the date of grant. Options granted under the SPP are fully vested at the date of grant and expire if not exercised within two years of the grant date. Both of these plans expired in 2006. At December 31, 2013, the SOP had 80,131 options still outstanding and the SPP had no options outstanding. | |||||||||||||
During 2006, the Company adopted the 2006 Incentive Stock Option Plan (“SOP II”) and the Employee Stock Purchase Plan (“SPP II”), under which options to purchase shares of the Company’s common stock may be granted to officers and eligible employees. Options granted under the SOP II are exercisable in established increments according to vesting schedules, generally three to five years, and will expire if not exercised within ten years of the date of grant. Options granted under the SPP II are fully vested at the date of grant and expire if not exercised within two years of the grant date. At December 31, 2013, the SOP II had 12,360 options outstanding and the SPP II had no options outstanding. | |||||||||||||
Employee Stock Plans | |||||||||||||
The following is a summary of stock option activity for the year ended December 31, 2013: | |||||||||||||
Shares | Weighted | Aggregate | |||||||||||
Average | Intrinsic Value | ||||||||||||
Exercise | (in thousands) | ||||||||||||
Price | |||||||||||||
Options outstanding at the beginning of the year | 92,491 | $ | 5.35 | $ | — | ||||||||
Options granted | — | — | |||||||||||
Options exercised | — | — | |||||||||||
Forfeitures | — | — | |||||||||||
Options outstanding at the end of the year | 92,491 | $ | 5.35 | $ | — | ||||||||
Options exercisable at the end of the year | 92,491 | $ | 5.35 | $ | — | ||||||||
Total options outstanding at December 31, 2013 were 92,491 at an exercise price range of $5.34 to $5.35 per share with a weighted average expected term of 0.88 years. Exercisable options at December 31, 2013 were 92,491 options at an exercise price range of $5.34 to $5.35 per share. At December 31, 2013, authorized shares of common stock reserved for future grants of options totaled 154,971 under the SOP II and 103,234 under the SPP II. | |||||||||||||
The fair market value of each option award is estimated on the date of grant using the Black-Scholes option pricing model. There were no shares granted during the years ended December 31, 2013 and 2012 under the SOP II. | |||||||||||||
A summary of the status of the Company’s non-vested stock option grants as of December 31, 2013, and changes during the year then ended is presented below: | |||||||||||||
Shares | Weighted | ||||||||||||
Average | |||||||||||||
Grant Date | |||||||||||||
Fair Value | |||||||||||||
Non-vested December 31, 2012 | 2,472 | $ | 1.43 | ||||||||||
Granted | — | — | |||||||||||
Vested | (2,472 | ) | 1.43 | ||||||||||
Forfeited | — | — | |||||||||||
Non-vested December 31, 2013 | — | — | |||||||||||
The grant date fair value of stock options vested over the years ended December 31, 2013, 2012 and 2011 was $1.43 for all three years. | |||||||||||||
As of December 31, 2013, there was no unrecognized compensation cost related to non-vested share-based compensation arrangements granted under all of the Company’s stock benefit plans. | |||||||||||||
The Company funds the option shares from authorized but unissued shares. The Company does not typically purchase shares to fulfill the obligations of the stock benefit plans. Company policy does allow option holders to exercise options with seasoned shares. | |||||||||||||
There were no options exercised in 2011, 2012 or 2013. |
Employee_and_Director_Benefit_
Employee and Director Benefit Plans | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Postemployment Benefits [Abstract] | ' | |||
Employee and Director Benefit Plans | ' | |||
Note 17 - Employee and Director Benefit Plans | ||||
Employees’ 401(k) Retirement Plan | ||||
The Company has established an associate tax deferred savings plan under Section 401(k) of the Internal Revenue Code of 1986. All associates are eligible to make elective deferrals on the first day of the calendar month coincident or next following the date the associate attains the age of 18, completes one year of eligibility service and completes at least 1,000 hours of service and is 100% vested in the plan once they enroll. | ||||
The Company’s annual contribution to the plan was $317,281 in 2013, $323,545 in 2012 and $306,673 in 2011, determined as follows: | ||||
• | The Company will contribute a safe harbor matching contribution in an amount equal to :(i) 100% of the matched employee contributions that are not in excess of 3% of compensation, plus (ii) 50% of the amount of the matched employee contributions that exceed 3% of compensation, but do not exceed 5% of compensation. | |||
• | A discretionary contribution, subject to approval by the Board of Directors, limited to an amount not to exceed the maximum amount deductible for income tax purposes. | |||
Employee Stock Ownership Plan | ||||
The Company established an Employee Stock Ownership Plan (“ESOP”) to benefit all qualified employees. The ESOP purchased 293,216 dividend adjusted shares of common stock in 1999 with proceeds received from a loan of $1.2 million from the Company. The loan is to be repaid over eighteen years with interest at 8%. The loan may be prepaid without penalty. The unallocated shares of stock held by the ESOP are pledged as collateral for the loan. The ESOP is funded by contributions made by the Company and its subsidiaries in amounts sufficient to retire the debt. At December 31, 2013, the outstanding balance of the loan is $329,980 and is presented as a reduction of shareholders’ equity. | ||||
As the debt payments are made on the loans, shares associated with those debt payments are released to the ESOP and allocated among active participants on the basis of compensation in the year of allocation. There is a three year cliff vesting schedule for participants entering the plan on or after January 1, 2007. Dividends on unallocated shares may be used by the ESOP to repay the loan to the Company and are not reported as dividends in the financial statements. Dividends on allocated or committed to be allocated shares are credited to the accounts of the participants and reported as dividends in the consolidated financial statements. | ||||
The Company established a $500,000 line of credit to the ESOP in the third quarter of 2010 for the purpose of purchasing shares for the ESOP. Advances of $499,999 have been made under this line of credit, and a total of 151,563 unallocated shares have been purchased from the open market from the advance proceeds and pledged as collateral. At December 31, 2013, the outstanding balance of the loan is $499,999 and is presented as a reduction of shareholders’ equity. | ||||
The Company established a second $500,000 line of credit to the ESOP in the second quarter of 2013 for the purpose of purchasing shares for the ESOP. Advances of $159,750 have been made under this line of credit, and a total of 59,457 unallocated shares have been purchased from the open market from the advance proceeds and pledged as collateral. The unused balance of the line of credit at December 31, 2013 was $340,250. This amount is available for future advances to purchase stock for the ESOP plan. At December 31, 2013, the outstanding balance of the loan is $159,750 and is presented as a reduction of shareholders’ equity. | ||||
During 2013 the Company continued to expense approximately 2% of eligible compensation as a contribution to the ESOP Plan, the same as 2012 and 2011. Expenses of $223,283, $209,434 and $219,657 during the years ended December 31, 2013, 2012 and 2011, respectively, were incurred in connection with the ESOP. | ||||
At December 31, 2013, 480,639 shares held by the ESOP, including additional shares purchased, have been released or committed to be released to the ESOP’s participants for purposes of computing earnings per share. The ESOP has a put option that allows the employee to put their shares back to the Company. The Company has a liability set aside for the total allocated shares at fair value in the amount of approximately $1.7 million. This liability was reclassified from additional paid in capital and is presented separately on the face of the balance sheet. There were 259,891 shares unallocated with a fair value of approximately $927,811 at December 31, 2013. | ||||
Supplemental Executive Retirement Plan | ||||
The Company has implemented a non-qualifying deferred compensation plan for certain executive officers. Certain of the plan benefits will accrue and vest during the period of employment and will be paid in fixed monthly benefit payments for up to ten years upon separation from service. The plan also provides for payment of death benefits and for payment of disability benefits in the event the officer becomes permanently disabled prior to separation from service. | ||||
Effective December 31, 2008, this plan was amended and restated to comply with Section 409A of the Internal Revenue Code. The participants’ account liability balances as of December 31, 2008 could be transferred into a trust fund, where investments will be participant-directed. | ||||
The plan is structured as a defined contribution plan and the Company’s expected annual funding contribution for the participants has been calculated through the participant’s expected retirement date. Under terms of the agreement, the Company has reserved the absolute right, at its sole discretion, to either fund or refrain from funding the plan. The plan also provides for payment of death benefits and for payment of disability benefits in the event the officer becomes permanently disabled prior to separation from service. | ||||
During 2013, 2012 and 2011, $336,800, $266,800 and $266,800, respectively was expensed each year for benefits provided under the plans. During 2013, the Company added two new participants to the plan, resulting in the $70,000 increase in 2013. The liability accrued for deferred compensation under the plan amount to $2.8 million and $2.4 million at December 31, 2013 and 2012, respectively. | ||||
Split-Dollar Life Insurance | ||||
The Company has entered into Life Insurance Endorsement Method Split-Dollar Agreements with certain officers. Under these agreements, upon death of the officer, the Company first recovers the cash surrender value of the contract and then shares the remaining death benefits from insurance contracts, which are written with different carriers, with the designated beneficiaries of the officers. The death benefit to the officers’ beneficiaries is a multiple of base salary at the time of the agreements. The Company, as owner of the policies, retains an interest in the life insurance proceeds and a 100% interest in the cash surrender value of the policies. During 2013 and 2012, the expense associated with these policies was $63,732 and $56,458 respectively. |
Fair_Values_of_Financial_Instr
Fair Values of Financial Instruments and Interest Rate Risk | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Values of Financial Instruments and Interest Rate Risk | ' | ||||||||||||||||||||
Note 18 - Fair Values of Financial Instruments and Interest Rate Risk | |||||||||||||||||||||
ASC 825, “Disclosures about Fair Value of Financial Instruments,” requires disclosure of the fair value of financial assets and financial liabilities, including those that are not measured and reported at fair value on a recurring basis or non-recurring basis. | |||||||||||||||||||||
The fair value estimates presented at December 31, 2013 and December 31, 2012, are based on relevant market information and information about the financial instruments. Fair value estimates are intended to represent the price an asset could be sold at or the price a liability could be settled for. However, given there is no active market or observable market transactions for many of the Company’s financial instruments, the Company has made estimates of many of these fair values which are subjective in nature, involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimated values. The estimated fair values disclosed in the following table do not represent market values of all assets and liabilities of the Company and should not be interpreted to represent the underlying value of the Company. The following table reflects a comparison of carrying amounts and the estimated fair value of the financial instruments as of December 31, 2013 and December 31, 2012: | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Value | Fair Value | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
FINANCIAL ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 72,394 | $ | 72,394 | $ | 72,394 | $ | — | $ | — | |||||||||||
Securities available for sale | 100,280 | 100,280 | 21,286 | 78,994 | — | ||||||||||||||||
Loans held for investment, net | 302,253 | 308,112 | — | — | 308,112 | ||||||||||||||||
Loans held for sale | 1,139 | 1,139 | — | 1,139 | — | ||||||||||||||||
Restricted stock | 1,184 | 1,184 | 1,184 | — | — | ||||||||||||||||
Bank-owned life insurance | 6,516 | 6,516 | — | — | 6,516 | ||||||||||||||||
Mortgage servicing rights | 2,356 | 3,085 | — | — | 3,085 | ||||||||||||||||
Accrued interest receivable | 1,747 | 1,747 | — | — | 1,747 | ||||||||||||||||
FINANCIAL LIABILITIES | |||||||||||||||||||||
Deposits | $ | 453,708 | $ | 438,593 | $ | — | $ | — | $ | 438,593 | |||||||||||
Short-term borrowings | 5,509 | 5,509 | — | 5,509 | — | ||||||||||||||||
Long-term borrowings | 36 | 36 | — | 36 | — | ||||||||||||||||
Junior subordinated debt | 11,127 | 11,271 | — | — | 11,271 | ||||||||||||||||
Accrued interest payable | 224 | 224 | — | — | 224 | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Value | Fair Value | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
FINANCIAL ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 81,728 | $ | 81,728 | $ | 81,728 | $ | — | $ | — | |||||||||||
Securities available for sale | 91,638 | 91,638 | 19,576 | 72,062 | — | ||||||||||||||||
Loans held for investment, net | 322,382 | 331,386 | — | — | 331,386 | ||||||||||||||||
Loans held for sale | 5,373 | 5,373 | — | 5,373 | — | ||||||||||||||||
Restricted stock | 2,265 | 2,265 | 2,265 | — | — | ||||||||||||||||
Bank-owned life insurance | 6,394 | 6,394 | — | — | 6,394 | ||||||||||||||||
Mortgage servicing rights | 2,394 | 2,394 | — | — | 2,394 | ||||||||||||||||
Accrued interest receivable | 1,753 | 1,753 | — | — | 1,753 | ||||||||||||||||
FINANCIAL LIABILITIES | |||||||||||||||||||||
Deposits | $ | 457,612 | $ | 446,669 | $ | — | $ | — | $ | 446,669 | |||||||||||
Short-term borrowings | 18,690 | 18,690 | — | 18,690 | — | ||||||||||||||||
Long-term borrowings | 1,546 | 1,702 | — | 1,702 | — | ||||||||||||||||
Junior subordinated debt | 11,127 | 11,268 | — | — | 11,268 | ||||||||||||||||
Accrued interest payable | 270 | 270 | — | — | 270 | ||||||||||||||||
The following methods and assumptions were used by the Company in estimating the fair value of financial instruments: | |||||||||||||||||||||
• | Cash and cash equivalents - The carrying amount of cash and cash equivalents approximate their fair values due to the short period of time until their expected realization and are recorded in Level 1. | ||||||||||||||||||||
• | Securities available for sale - Securities available for sale are carried at fair value based on quoted and observable market prices and are recorded in Levels 1 and 2. Also see discussion in note 9. | ||||||||||||||||||||
• | Loans - The fair value of loans is estimated based on discounted expected cash flows using the current interest rates at which similar loans would be made and carried in level 3. Loans held for sale, which represent current mortgage production forward sales not yet delivered, are valued based on secondary market prices. The fair value of loans does not consider the lack of liquidity and uncertainty in the market that would affect the valuation. Loans held for sale are recorded in Level 2. | ||||||||||||||||||||
• | Restricted stock - It is not practicable to determine fair value of restricted stock which is comprised of Federal Home Loan Bank and Federal Reserve Bank stock due to restrictions placed on its transferability and it is presented at its carrying value and is recorded in Level 1 due to the redemption provisions of the Federal Home Loan Bank and the Federal Reserve Bank. | ||||||||||||||||||||
• | Bank-owned life insurance - The carrying amount of bank-owned life insurance is the current cash surrender value and is recorded in level 3. | ||||||||||||||||||||
• | Mortgage servicing rights - Fair value is determined based upon discounted cash flows using market-based assumptions and is recorded in Level 3. | ||||||||||||||||||||
• | Accrued interest receivable and payable - Both accrued interest receivable and payable are recorded in Level 3, as there are not active markets for these. | ||||||||||||||||||||
• | Deposits - The fair value of deposits is estimated based on discounted cash flow analyses using offered market rates and is recorded in Level 3. The fair value of deposits does not consider any customer related intangibles. | ||||||||||||||||||||
• | Borrowings - The fair value disclosed for short-term borrowings, which are composed of overnight borrowings and debt due within one year approximate the carrying value for such debt and is recorded in Level 2. The estimated fair value for long-term borrowings are estimated based on discounted cash flow analyses using offered market rates. Total borrowings are carried in Level 2. Junior subordinated debt is fair valued based on discounted cash flow analyses and is recorded in Level 3. | ||||||||||||||||||||
At December 31, 2013, the subsidiary bank had outstanding standby letters of credit and commitments to extend credit. These off-balance sheet financial instruments are generally exercisable at the market rate prevailing at the date the underlying transaction will be completed; therefore, they were deemed to have no current fair value. See Note 13. | |||||||||||||||||||||
The following table provides fair value information for assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and 2012: | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||
US Treasury | $ | 21,286 | $ | 21,286 | $ | — | $ | — | |||||||||||||
US Gov’t | 34,300 | — | 34,300 | — | |||||||||||||||||
Mortgage-backed securities and CMO’s | 37,006 | — | 37,006 | — | |||||||||||||||||
State and political subdivisions | 7,688 | — | 7,688 | — | |||||||||||||||||
Total assets at fair value | $ | 100,280 | $ | 21,286 | $ | 78,994 | $ | — | |||||||||||||
Total liabilities at fair value | $ | — | $ | — | $ | — | $ | — | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||
US Treasury | $ | 19,576 | $ | 19,576 | $ | — | $ | — | |||||||||||||
US Gov’t | 22,174 | — | 22,174 | — | |||||||||||||||||
Mortgage-backed securities and CMO’s | 41,022 | — | 41,022 | — | |||||||||||||||||
State and political subdivisions | 8,866 | — | 8,866 | — | |||||||||||||||||
Total assets at fair value | $ | 91,638 | $ | 19,576 | $ | 72,062 | $ | — | |||||||||||||
Total liabilities at fair value | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Prices for US Treasury are readily available in the active markets in which those securities are traded, and the resulting fair values are shown in the ‘Level 1 input’ column. Prices for mortgage-backed securities, government agency securities and for state, county and municipal securities are obtained for similar securities, and the resulting fair values are shown in the ‘Level 2 input’ column. Prices for non-marketable investments are determined based on various assumptions that are not observable. The fair values for these investment securities are shown in the ‘Level 3 input’ column. Non-marketable investment securities, which are carried at their purchase price, include those that may only be redeemed by the issuer. | |||||||||||||||||||||
The Company may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below as of December 31, 2013 and December 31, 2012: | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Impaired loans | $ | 5,903 | $ | — | $ | — | $ | 5,903 | |||||||||||||
Loans held for sale | 1,139 | — | 1,139 | — | |||||||||||||||||
Other real estate owned | 3,533 | — | — | 3,533 | |||||||||||||||||
Total assets at fair value | $ | 10,575 | $ | — | $ | 1,139 | $ | 9,436 | |||||||||||||
Total liabilities at fair value | $ | — | $ | — | $ | — | $ | — | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Impaired loans | $ | 8,640 | $ | — | $ | — | $ | 8,640 | |||||||||||||
Loans held for sale | 5,373 | — | 5,373 | — | |||||||||||||||||
Other real estate owned | 5,596 | — | — | 5,596 | |||||||||||||||||
Total assets at fair value | $ | 19,609 | $ | — | $ | 5,373 | $ | 14,236 | |||||||||||||
Total liabilities at fair value | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
Valuation Technique | Unobservable Input | General | |||||||||||||||||||
Range | |||||||||||||||||||||
Nonrecurring measurements: | |||||||||||||||||||||
OREO | Discounted appraisals | Collateral discounts and Estimated costs to sell | 0 – 10% | ||||||||||||||||||
Impaired loans | Discounted appraisals | Collateral discounts | 0 – 30% | ||||||||||||||||||
ASC 825 allows an entity to elect to measure certain financial assets and liabilities at fair value with changes in fair value recognized in the income statement each period. The statement also requires additional disclosures to identify the effects of an entity’s fair value election on its earnings. Upon the adoption of ASC 825, the Company did not elect to report any assets and liabilities at fair value. | |||||||||||||||||||||
Interest Rate Risk | |||||||||||||||||||||
The Company assumes interest rate risk (the risk that general interest rate levels will change) in the course of its normal operations. As a result, fair values 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 to the extent believed necessary to minimize interest rate risk. However, borrowers with fixed rate obligations are more likely to prepay in a falling rate environment and less likely to prepay in a rising rate environment. Conversely, depositors who are receiving fixed rates 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 terms of new loans and deposits and by investing in securities with terms that mitigate the Company’s overall interest rate risk. |
Parent_Company_Financial_Data
Parent Company Financial Data | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Parent Company Financial Data | ' | ||||||||||||
Note 19 - Parent Company Financial Data | |||||||||||||
The following is a summary of the condensed financial statements of Uwharrie Capital Corp: | |||||||||||||
Condensed Balance Sheets | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(dollars in thousands) | |||||||||||||
Assets | |||||||||||||
Cash and demand deposits | $ | 1,858 | $ | 300 | |||||||||
Interest-earning deposits | 3,998 | 6,217 | |||||||||||
Investments in: | |||||||||||||
Bank subsidiaries | 39,176 | 50,677 | |||||||||||
Nonbank subsidiaries | 618 | 836 | |||||||||||
Other assets | 1,229 | 3,237 | |||||||||||
Total assets | $ | 46,879 | $ | 61,627 | |||||||||
Liabilities and shareholders’ equity | |||||||||||||
Master notes | $ | 3,998 | $ | 5,451 | |||||||||
Junior subordinated debentures | 11,127 | 11,127 | |||||||||||
Other liabilities | 71 | 376 | |||||||||||
Total liabilities | 15,196 | 16,954 | |||||||||||
Redeemable common stock held by the Employee Stock Ownership Plan (ESOP) | 1,716 | 1,584 | |||||||||||
Shareholders’ equity | 29,967 | 42,729 | |||||||||||
Total liabilities and shareholders’ equity | $ | 46,879 | $ | 61,267 | |||||||||
Condensed Statements of Income | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Equity in earnings of subsidiaries | $ | 1,666 | $ | 1,100 | $ | 1,649 | |||||||
Interest income | 21 | 41 | 64 | ||||||||||
Management and service fees | 4,347 | 6,937 | 6,689 | ||||||||||
Other income | 166 | 102 | 104 | ||||||||||
Interest expense | (659 | ) | (670 | ) | (674 | ) | |||||||
Other operating expense | (4,881 | ) | (7,428 | ) | (7,304 | ) | |||||||
Income tax benefit | 294 | 322 | 372 | ||||||||||
Net income | $ | 954 | $ | 404 | $ | 900 | |||||||
Consolidated net income | $ | 954 | $ | 404 | $ | 900 | |||||||
Less: Net income attributable to noncontrolling interest | (478 | ) | — | — | |||||||||
Net income attributable to Uwharrie Capital Corp | 476 | 404 | 900 | ||||||||||
Dividends – preferred stock | (325 | ) | (645 | ) | (645 | ) | |||||||
Net Income (loss) available to common shareholders | $ | 151 | $ | (241 | ) | $ | 255 | ||||||
Net income (loss) per common share | |||||||||||||
Basic | $ | 0.02 | $ | (0.03 | ) | $ | 0.03 | ||||||
Diluted | $ | 0.02 | $ | (0.03 | ) | $ | 0.03 | ||||||
Weighted average shares outstanding | |||||||||||||
Basic | 7,276,751 | 7,371,667 | 7,467,396 | ||||||||||
Diluted | 7,276,751 | 7,371,667 | 7,467,396 | ||||||||||
Condensed Statements of Cash Flows | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Cash flows from operating activities | |||||||||||||
Net income | $ | 954 | $ | 404 | $ | 900 | |||||||
adjustments to reconcile net income to net cash used by operating activities: | |||||||||||||
Equity in earnings of subsidiaries | (1,666 | ) | (1,100 | ) | (1,649 | ) | |||||||
(Increase) decrease in other assets | 2,298 | (734 | ) | (203 | ) | ||||||||
Increase (decrease) in other liabilities | (305 | ) | (97 | ) | 131 | ||||||||
Net cash provided (used) by operating activities | 1,281 | (1,527 | ) | (821 | ) | ||||||||
Cash flows from investing activities | |||||||||||||
Dividends received from subsidiaries | 2,719 | — | — | ||||||||||
Net cash provided by investing activities | 2,719 | — | — | ||||||||||
Cash flows from financing activities | |||||||||||||
Net increase (decrease) in master notes | (1,453 | ) | (757 | ) | (2,386 | ) | |||||||
Net proceeds from issuance of junior subordinated debentures | — | — | 1,232 | ||||||||||
Repurchase of common stock | (169 | ) | — | — | |||||||||
Repayment of series A preferred stock | (10,500 | ) | — | — | |||||||||
Preferred stock redeemed by from bank subsidiary | 7,800 | — | — | ||||||||||
Increase in unearned ESOP compensation | (114 | ) | (103 | ) | (161 | ) | |||||||
Dividends on preferred stock | (225 | ) | (545 | ) | (545 | ) | |||||||
Net cash used by financing activities | (4,661 | ) | (1,405 | ) | (1,860 | ) | |||||||
Net decrease in cash and cash equivalents | (661 | ) | (2,932 | ) | (2,681 | ) | |||||||
Cash and cash equivalents at beginning of year | 6,517 | 9,449 | 12,130 | ||||||||||
Cash and cash equivalents at end of year | $ | 5,856 | $ | 6,517 | $ | 9,449 | |||||||
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Nature of Business | ' | ||||||||||||
Nature of Business | |||||||||||||
Uwharrie Capital Corp (the “Company”) was incorporated under North Carolina law for the purpose of becoming the holding company for Bank of Stanly (“Stanly”). On July 1, 1993, Stanly became a wholly-owned subsidiary of the Company through a one-for-one exchange of the common stock of Stanly for common stock of the Company. On September 1, 2013, Bank of Stanly changed its name to Uwharrie Bank (“Uwharrie”). | |||||||||||||
Uwharrie was incorporated on September 28, 1983, under the laws of the State of North Carolina and began operations on January 26, 1984 in Albemarle, North Carolina. Deposits with Uwharrie are insured by the Federal Deposit Insurance Corporation (“FDIC”). Uwharrie is under regulation of the Federal Reserve, the FDIC and the North Carolina State Banking Commission. Through its six branch locations in Stanly County, Uwharrie provides a wide range of deposit accounts, commercial, consumer, home equity and residential mortgage loans, safe deposit boxes and automated banking. | |||||||||||||
In 1987, Uwharrie established a wholly-owned subsidiary, BOS Agency, Inc. (“BOS Agency”), which engages in insurance product sales. In 1989, Uwharrie established a second wholly-owned subsidiary, BOS Financial Corporation, for the purpose of conducting business as a “broker dealer” in securities. During 1993, BOS Financial Corporation changed its name to The Strategic Alliance Corporation (“Strategic Alliance”) and was registered as a “broker dealer” and is regulated by the Financial Industry Regulatory Authority (“FINRA”). | |||||||||||||
The Company formed a new subsidiary, Strategic Investment Advisors, Inc. (“SIA”), during 1998 to provide investment advisory and asset management services. This subsidiary is registered as an investment advisor with the Securities and Exchange Commission. | |||||||||||||
On January 19, 2000, the Company completed its acquisition of Anson BanCorp, Inc. and its subsidiary, Anson Savings Bank. The savings bank retained its North Carolina savings bank charter and became a wholly-owned subsidiary of Uwharrie Capital Corp as Anson Bank & Trust Company (“Anson”), operating out of its main office branch in Wadesboro. Anson was consolidated into Uwharrie Bank effective September 1, 2013. | |||||||||||||
On August 4, 2000, Uwharrie acquired another subsidiary, Gateway Mortgage, Inc. (“Gateway”), a mortgage origination company. This company is currently inactive and does not affect the consolidated financials. | |||||||||||||
On April 10, 2003, the Company capitalized a new wholly-owned subsidiary bank, Cabarrus Bank & Trust Company (“Cabarrus”), located in Concord, North Carolina. As of that date, Cabarrus purchased two branch offices located in Cabarrus County from Uwharrie to begin its operation. Cabarrus operated as a commercial bank and provided a full range of banking services. Cabarrus was consolidated into Uwharrie Bank effective September 1, 2013. | |||||||||||||
On April 7, 2004 Uwharrie Mortgage, Inc. was established as a subsidiary of the Company to serve in the capacity of trustee and substitute trustee under deeds of trust. | |||||||||||||
Principles of Consolidation | ' | ||||||||||||
Principles of Consolidation | |||||||||||||
The consolidated financial statements include the accounts of the Company, Uwharrie, SIA and Uwharrie’s subsidiaries, BOS Agency and Strategic Alliance. All significant intercompany transactions and balances have been eliminated in consolidation. | |||||||||||||
Use of Estimates | ' | ||||||||||||
Use of Estimates | |||||||||||||
The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America (“GAAP”), requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses. | |||||||||||||
Cash and Cash Equivalents | ' | ||||||||||||
Cash and Cash Equivalents | |||||||||||||
For the purpose of presentation in the consolidated statements of cash flows, cash and cash equivalents are defined as those amounts included in the balance sheet captions “Cash and due from banks” and “Interest-earning deposits with banks.” | |||||||||||||
Investment Securities Available for Sale | ' | ||||||||||||
Investment Securities Available for Sale | |||||||||||||
Investment securities available for sale consist of United States Treasuries, United States Government agencies, Government Sponsored Enterprise (GSE) mortgage backed securities and collateralized mortgage obligations (CMOs) and state and political subdivision bonds. We do not hold any trading securities or held to maturity securities. Unrealized holding gains and losses on available for sale securities are reported as a net amount in other comprehensive income, net of income taxes. Gains and losses on the sale of available for sale securities are determined using the specific identification method. Declines in the fair value of individual available for sale securities below their cost that are other than temporary would result in write-downs of the individual securities, to their fair value. Such write-downs would be included in earnings as realized losses. Amortization of premiums and accretion of discounts are recognized in interest income using the interest method over the period to maturity. | |||||||||||||
Loans Held for Sale | ' | ||||||||||||
Loans Held for Sale | |||||||||||||
Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. The allowance, if any, would not have a material impact on the financial statements. | |||||||||||||
Loans | ' | ||||||||||||
Loans | |||||||||||||
The Company divides the loans it grants into two segments, commercial and noncommercial loans. Commercial loans are broken down into the following classes: commercial loans, real estate commercial loans and other real estate construction loans. Noncommercial loans are divided into the following classes: real estate 1-4 family construction, real estate 1-4 family residential loans, home equity loans, consumer loans and other loans. The ability of the Company’s borrowers to honor their contracts is largely dependent upon the real estate and general economic conditions in the Company’s market area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the effective interest method. | |||||||||||||
The accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 days delinquent unless the credit is well-secured and in process of collection. Credit card loans and other personal loans are typically charged off no later than 180 days past due. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. The exception to this policy is credit card loans that remain in accrual status 90 days or more until they are paid current or charged off. | |||||||||||||
All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these impaired loans is accounted for on the cash-basis until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Generally a minimum of six months of sustained performance is required. | |||||||||||||
Allowance for Loan Losses | ' | ||||||||||||
Allowance for Loan Losses | |||||||||||||
The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses. The provision for loan losses is expensed to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | |||||||||||||
The Company has different specific risks identified within the loan segments. Specific risks within the commercial loan segment arise with borrowers that are experiencing diminished operating cash flows, depreciated collateral values or prolonged sales and rental absorption periods. Concentrations within the portfolio if unmanaged, pose additional risk. Occasionally, the Company will purchase participation loans from other institutions and if not independently underwritten by the Bank, could carry additional risk. Generally, owner-occupied commercial real estate loans carry less risk than non-owner occupied. Specific risks within the non-commercial portfolio tend to be tied to economic factors including high unemployment and decreased real estate values. Risk to the Company is greater as home values deteriorate more rapidly than amortization in a loan, leaving little to no equity in properties, especially in junior lien positions. Concentration in the portfolio, such as home equity lines of credit, could pose additional risk if not appropriately managed. | |||||||||||||
The allowance for loan losses is evaluated both individually and collectively by loan class on a regular basis by management. Loans are collectively evaluated based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. Individually evaluated loans are based upon discounted cash flows or the underlying value of the collateral. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. In addition, regulatory examiners may require the Company to recognize adjustments to the allowance for loan losses based on their judgment about information available to them at the time of their assessment. | |||||||||||||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Homogeneous loans are collectively evaluated by loan class for impairment. However, homogeneous loans will be evaluated individually for impairment if such a loan is deemed impaired. | |||||||||||||
Troubled debt restructure loans (TDR) are modifications of a loan when a borrower is experiencing financial difficulty and the modification involves providing a concession to the existing loan contract. TDRs are considered to be impaired loans and are individually evaluated for impairment. | |||||||||||||
The portion of the Company’s allowance for loan loss model related to general reserves captures the mean loss of individual loans and the rare event of severe loss that can occur within the loan portfolio. Specifically, the Company calculates probable losses on loans by computing a probability of loss and expected loss scenario by FDIC call report codes. Together, these expected components, as well as a level of more extreme unexpected losses form the basis of the allowance model. The loans that are impaired and included in the specific reserve are excluded from these calculations. | |||||||||||||
In the second and third quarters of 2013, the Company updated its allowance for loan loss model to more accurately assess the probability of losses inherent in the loan portfolio. A frequently used risk statistic is the Value at Risk (“VaR”). The VaR statistic represents the amount of loss that can occur in a specified time period at a certain confidence level In the second quarter two alterations were made to the methodology: the previous “VaR” calculation was replaced by an improved “VaR” that more adequately reflected the risk in the loan portfolio, and the least squares regression was replaced by a simple average. The first alteration caused an increase of $849,538 in the allowance, while the second caused a decrease of $159,869. | |||||||||||||
Mortgage Servicing Rights | ' | ||||||||||||
Mortgage Servicing Rights | |||||||||||||
The Company capitalizes mortgage servicing rights when loans are sold and the loan servicing is retained. The cost of servicing rights is amortized in proportion to and over the estimated period of net servicing revenues is expected to be received based on projections of the amount and timing of estimated future cash flows. The amortization of servicing rights is recognized in the statement of income as an offset to other noninterest income. Servicing assets are periodically evaluated for impairment based upon their fair value. Fair value is based upon discounted cash flows using market-based assumptions. Impairment is recognized through a valuation allowance and charged to other expense. | |||||||||||||
Transfers of Financial Assets | ' | ||||||||||||
Transfers of Financial Assets | |||||||||||||
Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. | |||||||||||||
Foreclosed Real Estate | ' | ||||||||||||
Foreclosed Real Estate | |||||||||||||
Real estate properties acquired through foreclosure or other proceedings are initially recorded at fair value upon foreclosure, establishing a new cost basis less costs to sell. Annually, valuations are performed and the foreclosed property is adjusted to the lower of cost or fair value of the properties, less costs to sell. Any write-down at the time of transfer to foreclosed properties is charged to the allowance for loan losses. Subsequent write-downs are charged to other expenses, and costs related to the improvement of the property are capitalized if the current fair value will allow it. If not these costs are expensed also. | |||||||||||||
Premises and Equipment | ' | ||||||||||||
Premises and Equipment | |||||||||||||
Premises and equipment are stated at cost less accumulated depreciation. Land is carried at cost. Additions and major replacements or betterments which extend the useful lives of premises and equipment are capitalized. Maintenance, repairs and minor improvements are expensed as incurred. Depreciation is computed principally by the straight-line method over estimated useful lives, except in the case of leasehold improvements, which are amortized over the term of the leases, if shorter. Useful lives range from five to seven years for furniture, fixtures and equipment, to ten to thirty-nine years for leasehold improvements and buildings, respectively. Upon retirement or other disposition of the assets, the cost and the related accumulated depreciation are removed from the accounts and any gains or losses are reflected in income. | |||||||||||||
Restricted Stock | ' | ||||||||||||
Restricted Stock | |||||||||||||
As a requirement for membership, the bank invests in the stock of the Federal Home Loan Bank of Atlanta (“FHLB”) and Federal Reserve Bank (“FRB”). These investments are carried at cost. Due to the redemption provisions of these investments, the Company estimated that fair value approximates cost and that this investment was not impaired. | |||||||||||||
Stock-Based Compensation | ' | ||||||||||||
Stock-Based Compensation | |||||||||||||
The Company recognizes the cost of employee services received in exchange for an award of equity instruments in the financial statements over the period the employee is required to perform the services in exchange for the award (presumptively the vesting period). ASC 718 also requires measurement of the cost of employee services received in exchange for an award based on the grant-date fair value of the award. Excess tax benefits are reported as financing cash inflows in the consolidated statement of cash flows. | |||||||||||||
Income Taxes | ' | ||||||||||||
Income Taxes | |||||||||||||
The Company and its subsidiaries file a consolidated federal income tax return and separate North Carolina income tax returns. The provision for income taxes in the accompanying consolidated financial statements is provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. | |||||||||||||
The tax returns for the Company are subject to audit for the 2010 fiscal year and thereafter. The Company records penalties and interest related to income taxes as a component of income tax expense. | |||||||||||||
Fair Value of Financial Instruments | ' | ||||||||||||
Fair Value of Financial Instruments | |||||||||||||
Accounting Standards Codification (ASC) 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 does not require any new fair value measurements, but clarifies and standardizes some divergent practices that have emerged since prior guidance was issued. ASC 820 creates a three-level hierarchy under which individual fair value estimates are to be ranked based on the relative reliability of the inputs used in the valuation. | |||||||||||||
ASC 820 defines fair value as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which those assets or liabilities are sold and considers assumptions that market participants would use when pricing those assets or liabilities. Fair values determined using Level 1 inputs rely on active and observable markets to price identical assets or liabilities. In situations where identical assets and liabilities are not traded in active markets, fair values may be determined based on Level 2 inputs, which exist when observable data exists for similar assets and liabilities. Fair values for assets and liabilities for which identical or similar assets and liabilities are not actively traded in observable markets are based on Level 3 inputs, which are considered to be unobservable. | |||||||||||||
Among the Company’s assets and liabilities, investment securities available for sale are reported at their fair values on a recurring basis. Certain other assets are adjusted to their fair value on a nonrecurring basis, including other real estate owned, impaired loans, loans held for sale, which are carried at the lower of cost or market; loan servicing rights, where fair value is determined using similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions; and goodwill, which is periodically tested for impairment. Deposits, short-term borrowings and long-term obligations are not reported at fair value. | |||||||||||||
Prices for US Treasury securities are readily available in the active markets in which those securities are traded, and the resulting fair values are shown in the ‘Level 1 input’ column. Prices for government agency securities, mortgage-backed securities and for state, county and municipal securities are obtained for similar securities, and the resulting fair values are shown in the ‘Level 2 input’ column. Prices for all other non-marketable investments are determined based on various assumptions that are not observable. The fair values for these investment securities are shown in the ‘Level 3 input’ column. Non-marketable investment securities, which are carried at their purchase price, include those that may only be redeemed by the issuer. The changes in securities between Level 1 and Level 2 were related to the purchase and sale of several securities and not the transfer of securities. | |||||||||||||
The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan losses is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment by using one of several methods including collateral value, fair value of similar debt or discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the present value of the expected repayments or fair value of collateral exceed the recorded investments in such loans. At December 31, 2013, substantially all of the total impaired loans were evaluated based on the fair value of the underlying collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan as nonrecurring Level 2. When an internal assessment of fair value based upon market data issued or management determines the fair value of the underlying collateral is further impaired below the appraised value, the Company records the impaired loan as nonrecurring Level 3. | |||||||||||||
Foreclosed assets are adjusted to fair value upon transfer of the loans to other real estate owned. Real estate acquired in settlement of loans is recorded initially at the estimated fair value of the property less estimated selling costs at the date of foreclosure. The initial recorded value may be subsequently reduced by additional allowances, which are charged to earnings if the estimated fair value of the property less estimated selling costs declines below the initial recorded value. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the foreclosed asset as nonrecurring Level 2. When an internal assessment of fair value based upon market data issued or management determines the fair value of the underlying collateral is further impaired below the appraised value, the Company records the impaired loan as nonrecurring Level 3. | |||||||||||||
Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate, based on secondary market prices. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. These loans are recorded in Level 2 | |||||||||||||
Servicing assets are evaluated for impairment based upon the fair value. Fair value is determined based upon discounted cash flows using market-based assumptions. Servicing assets are recorded in Level 3. | |||||||||||||
Comprehensive Income | ' | ||||||||||||
Comprehensive Income | |||||||||||||
The Company reports as comprehensive income all changes in shareholders’ equity during the year from sources other than shareholders. Other comprehensive income refers to all components (revenues, expenses, gains, and losses) of comprehensive income that are excluded from net income. The Company’s only component of other comprehensive income is unrealized gains and losses, net of income tax, on investment securities available for sale. The following table presents the changes in accumulated other comprehensive income for the year ended December 31, 2013: | |||||||||||||
Year ended | |||||||||||||
December 31, 2013 | |||||||||||||
(dollars in thousands) | |||||||||||||
Beginning Balance | $ | 1,487 | |||||||||||
Other comprehensive income (loss) before reclassifications, net of $1,292 tax effect | (2,370 | ) | |||||||||||
Amounts reclassified from accumulated other comprehensive income, net of $202 tax effect | 321 | ||||||||||||
Net current-period other comprehensive loss | 2,049 | ||||||||||||
Ending Balance | $ | (562 | ) | ||||||||||
As of December 31, 2013 and December 31, 2012, total accumulated other comprehensive income (loss) was ($562,000) and $1.4 million, respectively. | |||||||||||||
Earnings Per Common Share | ' | ||||||||||||
Earnings per Common Share | |||||||||||||
The Company had stock options outstanding covering 92,491 shares of common stock at both December 31, 2013 and 2012 and 123,570 shares of common stock at December 31, 2011. All of these options were anti-dilutive. | |||||||||||||
Basic earnings per share (“EPS”) excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. The ESOP effect is the average of the unallocated ESOP shares. | |||||||||||||
The computation of weighted average shares used in the calculation of basic and dilutive earnings per share is summarized below: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Weighted average number of common shares used in computing basic net income per common share | 7,483,691 | 7,502,496 | 7,593,969 | ||||||||||
Effect of ESOP shares | (206,940 | ) | (130,829 | ) | (126,573 | ) | |||||||
Adjusted weighted average number of common shares used in computing basic net income per common share | 7,276,751 | 7,371,667 | 7,467,396 | ||||||||||
Effect of dilutive stock options | — | — | — | ||||||||||
Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share | 7,276,751 | 7,371,667 | 7,467,396 | ||||||||||
Noncontrolling Interest | ' | ||||||||||||
Noncontrolling Interest | |||||||||||||
During 2012, each of the Company’s subsidiary banks began a campaign to sell Fixed Rate Noncumulative Perpetual Preferred Stock, Series B. The preferred stock qualifies as Tier 1 capital at each bank and pays dividends at an annual rate of 5.30%. The preferred stock has no voting rights. The campaign raised $7.9 million less issuance costs of $113,000 of Fixed Rate Noncumulative Perpetual Preferred Stock. These funds were held in an escrow account at December 31, 2012 and the new preferred stock was issued in January 2013. The total net amount of capital raised was $7.7 million at the subsidiary bank level. This capital is presented as noncontrolling interest in the consolidated balance sheets. Dividends declared on this preferred stock are presented as earnings allocated to the noncontrolling interest in the consolidated statements of income. Effective September 1, 2013, the Fixed Rate Noncumulative Perpetual Preferred Stock, Series B was rolled into one issue under Uwharrie Bank in connection with the consolidation and name change. | |||||||||||||
During 2013, the Company’s subsidiary bank, Uwharrie Bank, began a campaign to sell Fixed Rate Noncumulative Perpetual Preferred Stock, Series C to be issued by the subsidiary bank. The preferred stock qualifies as Tier 1 capital at the bank and pays dividends at an annual rate of 5.30%. The preferred stock has no voting rights. The campaign raised $2.8 million less issuance costs of $24,000. | |||||||||||||
Recent Accounting Pronouncements | ' | ||||||||||||
Recent Accounting Pronouncements | |||||||||||||
In February 2013, the FASB issued ASU 2013-02, an update to ASC 220 “Comprehensive Income”. The amendments in this update do not change the current reporting requirements for net income or other comprehensive income (OCI), but finalize reporting requirements related to reclassifications out of accumulated other comprehensive income (AOCI). Presentation requirements were originally addressed in ASU 2011-05, but delayed by ASU 2011-12 as a result of feedback received and have been modified in this Update to address those concerns. This Update requires entities to provide information about significant amounts reclassified out of AOCI. If the reclassified amount is required to be reclassified in its entirety to net income in the same reporting period, the entity is required to present, either on the face of the income statement or in the notes, the impact of the reclassification on the respective line items of net income. For other amounts that are reclassified partially to the balance sheet and partially to the income statement (i.e. those amounts that are not reclassified in their entirety to net income in the same reporting period), the entity must cross-reference to other disclosures that provide additional detail about those amounts. The update is effective prospectively for reporting periods beginning after December 15, 2012. The adoption of this update did not have a significant impact on the Company’s financial statements except for the added disclosures. | |||||||||||||
In January 2014, the FASB issued ASU 2014-04, an update to ASC 310 “Receivables – Trouble Debt Restructurings by Creditors”. The amendments in this update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The update is effective for reporting periods beginning after December 15, 2014. The adoption of this update will not have a significant impact on the Company’s financial statements except for added disclosures. | |||||||||||||
From time to time the FASB issues exposure drafts of proposed statements of financial accounting standards. Such exposure drafts are subject to comment from the public, to revisions by the FASB and to final issuance by the FASB as statements of financial accounting standards. Management considers the effect of the proposed statements on the consolidated financial statements of the Company and monitors the status of changes to and proposed effective dates of exposure drafts. | |||||||||||||
Reclassification | ' | ||||||||||||
Reclassification | |||||||||||||
Certain amounts in the 2012 financial statements have been reclassified to conform to the 2013 presentation. These reclassifications do not have a material impact on consolidated financial statements or related footnotes. |
Significant_Accounting_Policie2
Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Accumulated Other Comprehensive Income | ' | ||||||||||||
The following table presents the changes in accumulated other comprehensive income for the year ended December 31, 2013: | |||||||||||||
Year ended | |||||||||||||
December 31, 2013 | |||||||||||||
(dollars in thousands) | |||||||||||||
Beginning Balance | $ | 1,487 | |||||||||||
Other comprehensive income (loss) before reclassifications, net of $1,292 tax effect | (2,370 | ) | |||||||||||
Amounts reclassified from accumulated other comprehensive income, net of $202 tax effect | 321 | ||||||||||||
Net current-period other comprehensive loss | 2,049 | ||||||||||||
Ending Balance | $ | (562 | ) | ||||||||||
Computation of Weighted Average Shares Used in the Calculation of Basic and Dilutive Earnings Per Share | ' | ||||||||||||
The computation of weighted average shares used in the calculation of basic and dilutive earnings per share is summarized below: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Weighted average number of common shares used in computing basic net income per common share | 7,483,691 | 7,502,496 | 7,593,969 | ||||||||||
Effect of ESOP shares | (206,940 | ) | (130,829 | ) | (126,573 | ) | |||||||
Adjusted weighted average number of common shares used in computing basic net income per common share | 7,276,751 | 7,371,667 | 7,467,396 | ||||||||||
Effect of dilutive stock options | — | — | — | ||||||||||
Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share | 7,276,751 | 7,371,667 | 7,467,396 | ||||||||||
Investment_Securities_Tables
Investment Securities (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Carrying Amounts and Fair Values of Securities Available for Sale | ' | ||||||||||||||||||||||||
Carrying amounts and fair values of securities available for sale are summarized below: | |||||||||||||||||||||||||
December 31, 2013 | Amortized | Gross | Gross | Fair Value | |||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
U.S. Treasury | $ | 20,992 | $ | 502 | $ | 208 | $ | 21,286 | |||||||||||||||||
U.S. Government agencies | 34,931 | 145 | 776 | 34,300 | |||||||||||||||||||||
GSE – Mortgage-backed securities and CMO’s | 37,871 | 121 | 986 | 37,006 | |||||||||||||||||||||
State and political subdivisions | 7,337 | 351 | — | 7,688 | |||||||||||||||||||||
Total securities available for sale | $ | 101,131 | $ | 1,119 | $ | 1,970 | $ | 100,280 | |||||||||||||||||
December 31, 2012 | Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
U.S. Treasury | $ | 18,731 | $ | 846 | $ | 1 | $ | 19,576 | |||||||||||||||||
U.S. Government agencies | 21,689 | 485 | — | 22,174 | |||||||||||||||||||||
GSE – Mortgage-backed securities and CMO’s | 40,766 | 379 | 123 | 41,022 | |||||||||||||||||||||
State and political subdivisions | 8,165 | 701 | — | 8,866 | |||||||||||||||||||||
Total securities available for sale | $ | 89,351 | $ | 2,411 | $ | 124 | $ | 91,638 | |||||||||||||||||
Sales of Securities Available for Sale | ' | ||||||||||||||||||||||||
Results from sales and calls of securities available for sale for the years ended December 31, 2013, 2012 and 2011 are as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Gross proceeds from sales and calls | $ | 20,182 | $ | 42,889 | $ | 25,568 | |||||||||||||||||||
Realized gains from sales | $ | 41 | $ | 1,398 | $ | 933 | |||||||||||||||||||
Realized losses from sales | (564 | ) | (112 | ) | — | ||||||||||||||||||||
Net realized gains (losses) | $ | (523 | ) | $ | 1,286 | $ | 933 | ||||||||||||||||||
Gross Unrealized Losses and Fair Value of Investments | ' | ||||||||||||||||||||||||
At December 31, 2012 the unrealized losses related to two United States Treasury notes and seven mortgage backed securities. | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
December 31, 2013 | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Securities available for sale temporary impairment | |||||||||||||||||||||||||
U.S. Treasury | $ | 4,722 | $ | 208 | $ | — | $ | — | $ | 4,722 | $ | 208 | |||||||||||||
U.S. Gov’t agencies | 29,147 | 776 | — | — | 29,147 | 776 | |||||||||||||||||||
GSE-Mortgage-backed securities and CMO’s | 22,206 | 842 | 3,849 | 144 | 26,055 | 986 | |||||||||||||||||||
State and political subdivisions | — | — | — | — | — | — | |||||||||||||||||||
$ | 56,075 | $ | 1,826 | $ | 3,849 | $ | 144 | $ | 59,924 | $ | 1,970 | ||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
December 31, 2012 | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Securities available for sale temporary impairment | |||||||||||||||||||||||||
U.S. Treasury | $ | 2,485 | $ | 1 | $ | — | $ | — | $ | 2,485 | $ | 1 | |||||||||||||
U.S. Gov’t agencies | — | — | — | — | — | — | |||||||||||||||||||
GSE-Mortgage-backed securities and CMO’s | 21,355 | 123 | — | — | 21,355 | 123 | |||||||||||||||||||
State and political subdivisions | — | — | — | — | — | — | |||||||||||||||||||
$ | 23,840 | $ | 124 | $ | — | $ | — | $ | 23,840 | $ | 124 | ||||||||||||||
Amortized Cost and Fair Value of the Available for Sale Securities Portfolio | ' | ||||||||||||||||||||||||
The following table shows contractual maturities of the investment portfolio as of December 31, 2013: | |||||||||||||||||||||||||
Amortized | Estimated | ||||||||||||||||||||||||
Cost | Fair Value | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Due within one year | $ | 481 | $ | 485 | |||||||||||||||||||||
Due after one but within five years | 38,590 | 39,124 | |||||||||||||||||||||||
Due after five but within ten years | 23,171 | 22,623 | |||||||||||||||||||||||
Due after ten years | 1,018 | 1,042 | |||||||||||||||||||||||
Mortgage backed securities | 37,871 | 37,006 | |||||||||||||||||||||||
$ | 101,131 | $ | 100,280 | ||||||||||||||||||||||
Loans_Held_for_Investment_Tabl
Loans Held for Investment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Composition of Net Loans Held for Investment by Class | ' | ||||||||
The composition of net loans held for investment by class as of December 31, 2013 and 2012 is as follows: | |||||||||
2013 | 2012 | ||||||||
(dollars in thousands) | |||||||||
Commercial | |||||||||
Commercial | $ | 47,436 | $ | 41,390 | |||||
Real estate – commercial | 95,922 | 103,304 | |||||||
Other real estate construction loans | 17,583 | 25,052 | |||||||
Noncommercial | |||||||||
Real estate 1-4 family construction | 3,418 | 3,080 | |||||||
Real estate – residential | 87,463 | 93,927 | |||||||
Home equity | 45,231 | 48,517 | |||||||
Consumer loans | 9,623 | 12,986 | |||||||
Other loans | 612 | 822 | |||||||
307,288 | 329,078 | ||||||||
Less: | |||||||||
Allowance for loan losses | (5,095 | ) | (6,801 | ) | |||||
Deferred loan (fees) costs, net | 60 | 105 | |||||||
Loans held for investment, net | $ | 302,253 | $ | 322,382 | |||||
Allowance_for_Loan_Losses_Tabl
Allowance for Loan Losses (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||
Changes in the Allowance for Loan Losses | ' | ||||||||||||||||||||||||
Changes in the allowance for loan losses for the years ended December 31, 2013, 2012 and 2011 are presented below: | |||||||||||||||||||||||||
Commercial | 2013 | 2012 | 2011 | ||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Balance, beginning of year | $ | 2,791 | $ | 2,904 | $ | 5,363 | |||||||||||||||||||
Provision (recovery) charged to operations | 784 | 985 | 1,947 | ||||||||||||||||||||||
Charge-offs | (1,005 | ) | (1,167 | ) | (4,417 | ) | |||||||||||||||||||
Recoveries | 96 | 69 | 11 | ||||||||||||||||||||||
Net (charge-offs) | (909 | ) | (1,098 | ) | (4,406 | ) | |||||||||||||||||||
Other | (1 | ) | — | 14 | |||||||||||||||||||||
Balance, end of year | $ | 2,665 | $ | 2,791 | $ | 2,904 | |||||||||||||||||||
Non-Commercial | 2013 | 2012 | 2011 | ||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Balance, beginning of year | $ | 4,010 | $ | 3,911 | $ | 3,704 | |||||||||||||||||||
Provision (recovery) charged to operations | (756 | ) | 847 | 1,509 | |||||||||||||||||||||
Charge-offs | (966 | ) | (824 | ) | (1,419 | ) | |||||||||||||||||||
Recoveries | 146 | 76 | 122 | ||||||||||||||||||||||
Net (charge-offs) | (820 | ) | (748 | ) | (1,297 | ) | |||||||||||||||||||
Other | (4 | ) | — | (5 | ) | ||||||||||||||||||||
Balance, end of year | $ | 2,430 | $ | 4,010 | $ | 3,911 | |||||||||||||||||||
Total | 2013 | 2012 | 2011 | ||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Balance, beginning of year | $ | 6,801 | $ | 6,815 | $ | 9,067 | |||||||||||||||||||
Provision (recovery) charged to operations | 28 | 1,832 | 3,456 | ||||||||||||||||||||||
Charge-offs | (1,971 | ) | (1,991 | ) | (5,836 | ) | |||||||||||||||||||
Recoveries | 242 | 145 | 133 | ||||||||||||||||||||||
Net (charge-offs) | (1,729 | ) | (1,846 | ) | (5,703 | ) | |||||||||||||||||||
Other | (5 | ) | — | (5 | ) | ||||||||||||||||||||
Balance, end of year | $ | 5,095 | $ | 6,801 | $ | 6,815 | |||||||||||||||||||
Schedule of Loans and Reserve Balances by Loan Segment Both Individually and Collectively Evaluated for Impairment | ' | ||||||||||||||||||||||||
The following table shows period-end loans and reserve balances by loan segment both individually and collectively evaluated for impairment at December 31, 2013 and 2012: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Individually Evaluated | Collectively Evaluated | Total | |||||||||||||||||||||||
Reserve | Loans | Reserve | Loans | Reserve | Loans | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 1,519 | $ | 8,700 | $ | 1,146 | $ | 152,241 | $ | 2,665 | $ | 160,941 | |||||||||||||
Non-Commercial | 868 | 8,853 | 1,562 | 137,554 | 2,430 | 146,407 | |||||||||||||||||||
Total | $ | 2,387 | $ | 17,553 | $ | 2,708 | $ | 289,795 | $ | 5,095 | $ | 307,348 | |||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Individually Evaluated | Collectively Evaluated | Total | |||||||||||||||||||||||
Reserve | Loans | Reserve | Loans | Reserve | Loans | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 1,428 | $ | 14,979 | $ | 1,363 | $ | 154,767 | $ | 2,791 | $ | 169,746 | |||||||||||||
Non-Commercial | 1,606 | 11,128 | 2,404 | 148,309 | 4,010 | 159,437 | |||||||||||||||||||
Total | $ | 3,034 | $ | 26,107 | $ | 3,767 | $ | 303,076 | $ | 6,801 | $ | 329,183 | |||||||||||||
Past Due Information of the Loan Portfolio by Class | ' | ||||||||||||||||||||||||
Past due loan information is used by management when assessing the adequacy of the allowance for loan loss. The following tables summarize the past due information of the loan portfolio by class: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Loans | Loans | Total Past | Current | Total | Accruing | ||||||||||||||||||||
30-89 Days | 90 Days | Due Loans | Loans | Loans | Loans 90 or | ||||||||||||||||||||
Past Due | or More | More Days | |||||||||||||||||||||||
Past due | Past Due | ||||||||||||||||||||||||
and Non - | |||||||||||||||||||||||||
Accrual | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 143 | $ | 204 | $ | 347 | $ | 47,089 | $ | 47,436 | $ | — | |||||||||||||
Real estate – commercial | 165 | 1,064 | 1,229 | 94,693 | 95,922 | — | |||||||||||||||||||
Other real estate construction | 145 | 1,637 | 1,782 | 15,801 | 17,583 | — | |||||||||||||||||||
Real estate construction | — | — | — | 3,418 | 3,418 | — | |||||||||||||||||||
Real estate – residential | 1,426 | 1,564 | 2,990 | 84,533 | 87,523 | — | |||||||||||||||||||
Home equity | 207 | 248 | 455 | 44,776 | 45,231 | — | |||||||||||||||||||
Consumer loan | 55 | — | 55 | 9,568 | 9,623 | — | |||||||||||||||||||
Other loans | — | — | — | 612 | 612 | — | |||||||||||||||||||
Total | $ | 2,141 | $ | 4,717 | $ | 6,858 | $ | 300,490 | $ | 307,348 | $ | — | |||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Loans | Loans | Total Past | Current | Total | Accruing | ||||||||||||||||||||
30-89 Days | 90 Days | Due Loans | Loans | Loans | Loans 90 or | ||||||||||||||||||||
Past Due | or More | More Days | |||||||||||||||||||||||
Past due | Past Due | ||||||||||||||||||||||||
and Non - | |||||||||||||||||||||||||
Accrual | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 98 | $ | 437 | $ | 535 | $ | 40,855 | $ | 41,390 | $ | — | |||||||||||||
Real estate – commercial | 708 | 3,032 | 3,740 | 99,564 | 103,304 | — | |||||||||||||||||||
Other real estate construction | 12 | 2,945 | 2,957 | 22,095 | 25,052 | — | |||||||||||||||||||
Real estate construction | — | — | — | 3,080 | 3,080 | — | |||||||||||||||||||
Real estate – residential | 1,309 | 2,507 | 3,816 | 90,216 | 94,032 | — | |||||||||||||||||||
Home equity | 162 | 558 | 720 | 47,797 | 48,517 | — | |||||||||||||||||||
Consumer loan | 218 | 1 | 219 | 12,767 | 12,986 | — | |||||||||||||||||||
Other loans | — | — | — | 822 | 822 | — | |||||||||||||||||||
Total | $ | 2,507 | $ | 9,480 | $ | 11,987 | $ | 317,196 | $ | 329,183 | $ | — | |||||||||||||
Composition of Nonaccrual Loans by Class | ' | ||||||||||||||||||||||||
The composition of nonaccrual loans by class as of December 31, 2013 and 2012 is as follows: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 204 | $ | 437 | |||||||||||||||||||||
Real estate – commercial | 1,064 | 3,032 | |||||||||||||||||||||||
Other real estate construction | 1,637 | 2,945 | |||||||||||||||||||||||
Real estate 1-4 family construction | — | — | |||||||||||||||||||||||
Real estate – residential | 1,564 | 2,507 | |||||||||||||||||||||||
Home equity | 248 | 558 | |||||||||||||||||||||||
Consumer loans | — | 1 | |||||||||||||||||||||||
Other loans | — | — | |||||||||||||||||||||||
$ | 4,717 | $ | 9,480 | ||||||||||||||||||||||
Summary of Risk Grades of Portfolio by Class | ' | ||||||||||||||||||||||||
The tables below summarize risk grades of the loan portfolio by class as of December 31, 2013 and 2012: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Pass | Watch | Sub- | Doubtful | Total | |||||||||||||||||||||
standard | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 46,520 | $ | 635 | $ | 281 | $ | — | $ | 47,436 | |||||||||||||||
Real estate – commercial | 80,679 | 9,396 | 5,847 | — | 95,922 | ||||||||||||||||||||
Other real estate construction | 12,898 | 2,465 | 1,385 | 835 | 17,583 | ||||||||||||||||||||
Real estate 1-4 family construction | 3,418 | — | — | — | 3,418 | ||||||||||||||||||||
Real estate – residential | 70,407 | 12,911 | 4,205 | — | 87,523 | ||||||||||||||||||||
Home equity | 43,830 | 1,005 | 396 | — | 45,231 | ||||||||||||||||||||
Consumer loans | 9,216 | 361 | 46 | — | 9,623 | ||||||||||||||||||||
Other loans | 612 | — | — | — | 612 | ||||||||||||||||||||
Total | $ | 267,580 | $ | 26,773 | $ | 12,160 | $ | 835 | $ | 307,348 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Pass | Watch | Sub- | Doubtful | Total | |||||||||||||||||||||
standard | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 39,800 | $ | 836 | $ | 754 | $ | — | $ | 41,390 | |||||||||||||||
Real estate – commercial | 84,748 | 9,337 | 9,219 | — | 103,304 | ||||||||||||||||||||
Other real estate construction | 20,684 | 577 | 3,477 | 314 | 25,052 | ||||||||||||||||||||
Real estate 1-4 family construction | 3,080 | — | — | — | 3,080 | ||||||||||||||||||||
Real estate – residential | 78,115 | 9,728 | 6,189 | — | 94,032 | ||||||||||||||||||||
Home equity | 46,590 | 914 | 1,013 | — | 48,517 | ||||||||||||||||||||
Consumer loans | 12,360 | 512 | 114 | — | 12,986 | ||||||||||||||||||||
Other loans | 822 | — | — | — | 822 | ||||||||||||||||||||
Total | $ | 286,199 | $ | 21,904 | $ | 20,766 | $ | 314 | $ | 329,183 | |||||||||||||||
Summary of Performing and Nonperforming Loans by Class | ' | ||||||||||||||||||||||||
The following tables show the breakdown between performing and nonperforming loans by class as of December 31, 2013 and 2012: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Performing | Non- | Total | |||||||||||||||||||||||
Performing | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 47,232 | $ | 204 | $ | 47,436 | |||||||||||||||||||
Real estate – commercial | 94,858 | 1,064 | 95,922 | ||||||||||||||||||||||
Other real estate construction | 15,946 | 1,637 | 17,583 | ||||||||||||||||||||||
Real estate 1-4 family construction | 3,418 | — | 3,418 | ||||||||||||||||||||||
Real estate – residential | 85,959 | 1,564 | 87,523 | ||||||||||||||||||||||
Home equity | 44,983 | 248 | 45,231 | ||||||||||||||||||||||
Consumer loans | 9,623 | — | 9,623 | ||||||||||||||||||||||
Other loans | 612 | — | 612 | ||||||||||||||||||||||
Total | $ | 302,631 | $ | 4,717 | $ | 307,348 | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Performing | Non- | Total | |||||||||||||||||||||||
Performing | |||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 40,953 | $ | 437 | $ | 41,390 | |||||||||||||||||||
Real estate – commercial | 100,272 | 3,032 | 103,304 | ||||||||||||||||||||||
Other real estate construction | 22,107 | 2,945 | 25,052 | ||||||||||||||||||||||
Real estate 1-4 family construction | 3,080 | — | 3,080 | ||||||||||||||||||||||
Real estate – residential | 91,525 | 2,507 | 94,032 | ||||||||||||||||||||||
Home equity | 47,959 | 558 | 48,517 | ||||||||||||||||||||||
Consumer loans | 12,985 | 1 | 12,986 | ||||||||||||||||||||||
Other loans | 822 | — | 822 | ||||||||||||||||||||||
Total | $ | 319,703 | $ | 9,480 | $ | 329,183 | |||||||||||||||||||
Summary of Loans Deemed Impaired and Specific Reserves Allocated by Class | ' | ||||||||||||||||||||||||
The tables below summarize the loans deemed impaired and the amount of specific reserves allocated by class as of December 31, 2013 and 2012 (unpaid principal balance was grossed up for chargeoffs): | |||||||||||||||||||||||||
As of December 31, 2013 | Year ended | ||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Related | Average | Interest | ||||||||||||||||||||
Principal | Investment | Investment | Allowance | Recorded | Income | ||||||||||||||||||||
Balance | With No | With | Investment | ||||||||||||||||||||||
Allowance | Allowance | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 377 | $ | 291 | $ | 86 | $ | 67 | $ | 845 | $ | 21 | |||||||||||||
Real estate – commercial | 6,808 | 3,962 | 2,375 | 507 | 7,089 | 328 | |||||||||||||||||||
Other real estate construction | 2,034 | 247 | 1,739 | 945 | 2,078 | 17 | |||||||||||||||||||
Real estate 1-4 family construction | 374 | 25 | 349 | 16 | 380 | 23 | |||||||||||||||||||
Real estate – residential | 8,197 | 4,619 | 3,329 | 530 | 8,507 | 300 | |||||||||||||||||||
Home equity | 415 | 58 | 357 | 279 | 819 | 8 | |||||||||||||||||||
Consumer loans | 116 | 61 | 55 | 43 | 156 | 14 | |||||||||||||||||||
Other loans | — | — | — | — | — | — | |||||||||||||||||||
Total | $ | 18,321 | $ | 9,263 | $ | 8,290 | $ | 2,387 | $ | 19,874 | $ | 711 | |||||||||||||
As of December 31, 2012 | Year ended | ||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Related | Average | Interest | ||||||||||||||||||||
Principal | Investment | Investment | Allowance | Recorded | Income | ||||||||||||||||||||
Balance | With No | With | Investment | ||||||||||||||||||||||
Allowance | Allowance | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 1,977 | $ | 388 | $ | 1,470 | $ | 616 | $ | 1,440 | $ | 66 | |||||||||||||
Real estate – commercial | 11,299 | 6,341 | 2,895 | 411 | 11,607 | 473 | |||||||||||||||||||
Other real estate construction | 3,935 | 2,437 | 1,448 | 401 | 4,055 | 202 | |||||||||||||||||||
Real estate 1-4 family construction | 840 | 713 | 127 | 127 | 1,053 | 43 | |||||||||||||||||||
Real estate – residential | 8,985 | 3,994 | 4,991 | 1,215 | 11,442 | 427 | |||||||||||||||||||
Home equity | 1,068 | 521 | 547 | 159 | 1,200 | 32 | |||||||||||||||||||
Consumer loans | 235 | 39 | 196 | 105 | 308 | 14 | |||||||||||||||||||
Other loans | — | — | — | — | — | — | |||||||||||||||||||
Total | $ | 28,339 | $ | 14,433 | $ | 11,674 | $ | 3,034 | $ | 31,105 | $ | 1,257 | |||||||||||||
As of December 31, 2011 | Year ended | ||||||||||||||||||||||||
31-Dec-11 | |||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Related | Average | Interest | ||||||||||||||||||||
Principal | Investment | Investment | Allowance | Recorded | Income | ||||||||||||||||||||
Balance | With No | With | Investment | ||||||||||||||||||||||
Allowance | Allowance | ||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
Commercial | $ | 2,099 | $ | 889 | $ | 1,091 | $ | 578 | $ | 1,525 | $ | 93 | |||||||||||||
Real estate – commercial | 14,951 | 11,365 | 1,523 | 452 | 16,520 | 716 | |||||||||||||||||||
Other real estate construction | 4,016 | 2,644 | 1,370 | 107 | 7,746 | 236 | |||||||||||||||||||
Real estate 1-4 family construction | 1,095 | 501 | 594 | 202 | 1,249 | 53 | |||||||||||||||||||
Real estate – residential | 11,877 | 7,231 | 4,646 | 1,001 | 10,137 | 616 | |||||||||||||||||||
Home equity | 993 | 753 | 240 | 124 | 1,194 | 37 | |||||||||||||||||||
Consumer loans | 242 | 49 | 193 | 119 | 280 | 16 | |||||||||||||||||||
Other loans | — | — | — | — | — | — | |||||||||||||||||||
Total | $ | 35,273 | $ | 23,432 | $ | 9,657 | $ | 2,583 | $ | 38,651 | $ | 1,767 | |||||||||||||
Troubled_Debt_Restructures_Tab
Troubled Debt Restructures (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Breakdown of Types of Concessions Made by Loan Class | ' | ||||||||||||||||||||||||||||||||
For the twelve months ended December 31, 2013 and 2012, the following table presents a breakdown of the types of concessions made by loan class: | |||||||||||||||||||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||||||||||||||||||
Number | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||
of Contracts | Outstanding Recorded | Outstanding Recorded | |||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Extend payment terms: | |||||||||||||||||||||||||||||||||
Commercial | — | $ | — | $ | — | ||||||||||||||||||||||||||||
Real estate – commercial | — | — | — | ||||||||||||||||||||||||||||||
Other real estate construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate 1-4 family construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate – residential | — | — | — | ||||||||||||||||||||||||||||||
Home equity | — | — | — | ||||||||||||||||||||||||||||||
Consumer loans | — | — | — | ||||||||||||||||||||||||||||||
Other loans | — | — | — | ||||||||||||||||||||||||||||||
— | $ | — | $ | — | |||||||||||||||||||||||||||||
Other: | |||||||||||||||||||||||||||||||||
Commercial | — | $ | — | $ | — | ||||||||||||||||||||||||||||
Real estate – commercial | 1 | 356 | 341 | ||||||||||||||||||||||||||||||
Other real estate construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate 1-4 family construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate – residential | 8 | 895 | 875 | ||||||||||||||||||||||||||||||
Home equity | 1 | 18 | 18 | ||||||||||||||||||||||||||||||
Consumer loans | — | — | — | ||||||||||||||||||||||||||||||
Other loans | — | — | — | ||||||||||||||||||||||||||||||
10 | $ | 1,269 | $ | 1,234 | |||||||||||||||||||||||||||||
Total | 10 | $ | 1,269 | $ | 1,234 | ||||||||||||||||||||||||||||
Year ended December 31, 2012 | |||||||||||||||||||||||||||||||||
Number | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||
of Contracts | Outstanding Recorded | Outstanding Recorded | |||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
Extend payment terms: | |||||||||||||||||||||||||||||||||
Commercial | 1 | $ | 33 | $ | 32 | ||||||||||||||||||||||||||||
Real estate – commercial | — | — | — | ||||||||||||||||||||||||||||||
Other real estate construction | 1 | 49 | 49 | ||||||||||||||||||||||||||||||
Real estate 1-4 family construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate – residential | 2 | 30 | 30 | ||||||||||||||||||||||||||||||
Home equity | — | — | — | ||||||||||||||||||||||||||||||
Consumer loans | 1 | 45 | 42 | ||||||||||||||||||||||||||||||
Other loans | — | — | — | ||||||||||||||||||||||||||||||
5 | $ | 157 | $ | 153 | |||||||||||||||||||||||||||||
Other: | |||||||||||||||||||||||||||||||||
Commercial | 1 | $ | 68 | $ | 68 | ||||||||||||||||||||||||||||
Real estate – commercial | 1 | 116 | 112 | ||||||||||||||||||||||||||||||
Other real estate construction | — | — | — | ||||||||||||||||||||||||||||||
Real estate 1-4 family construction | 1 | 32 | 31 | ||||||||||||||||||||||||||||||
Real estate – residential | 6 | 939 | 933 | ||||||||||||||||||||||||||||||
Home equity | — | — | — | ||||||||||||||||||||||||||||||
Consumer loans | 1 | 17 | 17 | ||||||||||||||||||||||||||||||
Other loans | — | — | — | ||||||||||||||||||||||||||||||
10 | $ | 1,172 | $ | 1,161 | |||||||||||||||||||||||||||||
Total | 15 | $ | 1,329 | $ | 1,314 | ||||||||||||||||||||||||||||
Loans Modified as Troubled Debt Restructurings Within Previous Twelve Months for Which There Was Payment Default | ' | ||||||||||||||||||||||||||||||||
The following table presents loans that were modified as troubled debt restructurings within the previous twelve months and for which there was a payment default during the twelve months ended December 31, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
Year ended | Year ended | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Number | Recorded | Number | Recorded | ||||||||||||||||||||||||||||||
of Loans | Investment | of Loans | Income | ||||||||||||||||||||||||||||||
Extend payment terms: | |||||||||||||||||||||||||||||||||
Commercial | — | $ | — | 1 | $ | 31 | |||||||||||||||||||||||||||
Real estate – commercial | — | — | — | — | |||||||||||||||||||||||||||||
Other real estate construction | — | — | 1 | 49 | |||||||||||||||||||||||||||||
Real estate 1-4 family construction | — | — | — | — | |||||||||||||||||||||||||||||
Real estate – residential | — | — | — | — | |||||||||||||||||||||||||||||
Home equity | — | — | 2 | 30 | |||||||||||||||||||||||||||||
Consumer loans | — | — | — | — | |||||||||||||||||||||||||||||
Other loans | — | — | — | — | |||||||||||||||||||||||||||||
Total | $ | — | $ | — | $ | 4 | $ | 110 | |||||||||||||||||||||||||
Other: | |||||||||||||||||||||||||||||||||
Commercial | — | $ | — | — | $ | — | |||||||||||||||||||||||||||
Real estate – commercial | — | — | — | — | |||||||||||||||||||||||||||||
Other real estate construction | — | — | — | — | |||||||||||||||||||||||||||||
Real estate 1-4 family construction | — | — | — | — | |||||||||||||||||||||||||||||
Real estate – residential | — | — | 1 | 238 | |||||||||||||||||||||||||||||
Home equity | — | — | — | — | |||||||||||||||||||||||||||||
Consumer loans | — | — | 1 | 17 | |||||||||||||||||||||||||||||
Other loans | — | — | — | — | |||||||||||||||||||||||||||||
$ | — | $ | — | $ | 2 | $ | 255 | ||||||||||||||||||||||||||
Total | $ | — | $ | — | $ | 6 | $ | 365 | |||||||||||||||||||||||||
Schedule of Successes and Failures of Types of Debt Restructuring | ' | ||||||||||||||||||||||||||||||||
The following table presents the successes and failures of the types of modifications within the previous twelve months as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||||||
Paid In Full | Paying as restructured | Converted to nonaccrual | Foreclosure/ Default | ||||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||
Loans | Investments | Loans | Investments | Loans | Investments | Loans | Investments | ||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
Extended payment terms | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||||||||
Other | — | — | 10 | 1,234 | — | — | — | — | |||||||||||||||||||||||||
Total | — | $ | — | 10 | $ | 1,234 | — | $ | — | — | $ | — | |||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
Extended payment terms | — | $ | — | — | $ | — | — | $ | — | 4 | $ | 110 | |||||||||||||||||||||
Other | — | — | 9 | 949 | — | — | 2 | 255 | |||||||||||||||||||||||||
Total | — | $ | — | 9 | $ | 949 | — | $ | — | 6 | $ | 365 | |||||||||||||||||||||
Mortgage_Servicing_Assets_Tabl
Mortgage Servicing Assets (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Summary of Mortgage Servicing Rights | ' | ||||||||||||
A summary of mortgage servicing rights follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Beginning of year mortgage servicing rights: | $ | 2,394 | $ | 2,142 | $ | 2,134 | |||||||
Amounts capitalized | 763 | 1,237 | 679 | ||||||||||
Amortization | (801 | ) | (908 | ) | (671 | ) | |||||||
Impairment | — | (77 | ) | — | |||||||||
End of year | $ | 2,356 | $ | 2,394 | $ | 2,142 | |||||||
Estimated Amortization Expense | ' | ||||||||||||
Amortization expense is estimated as follows: | |||||||||||||
Year ending December 31, | |||||||||||||
(dollars in thousands) | |||||||||||||
2014 | $ | 557 | |||||||||||
2015 | 482 | ||||||||||||
2016 | 407 | ||||||||||||
2017 | 332 | ||||||||||||
2018 | 257 | ||||||||||||
Thereafter | 321 | ||||||||||||
Total | $ | 2,356 | |||||||||||
Key Assumptions Used to Value Mortgage Servicing Rights | ' | ||||||||||||
The key assumptions used to value mortgage servicing rights as of December 31, 2013 were as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Weighted average remaining life | 260 months | 264 months | |||||||||||
Weighted average discount rate | 12 | % | 12 | % | |||||||||
Weighted average coupon | 4.01 | % | 4.22 | % | |||||||||
Weighted average prepayment speed | 187 | % | 325 | % |
Premises_and_Equipment_Tables
Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Major Classes of Premises and Equipment and the Total Accumulated Depreciation | ' | ||||||||
The major classes of premises and equipment and the total accumulated depreciation at December 31, 2013 and 2012 are listed below: | |||||||||
2013 | 2012 | ||||||||
(dollars in thousands) | |||||||||
Land | $ | 3,454 | $ | 4,101 | |||||
Building and improvements | 11,096 | 11,129 | |||||||
Furniture and equipment | 7,937 | 7,583 | |||||||
Total fixed assets | 22,487 | 22,813 | |||||||
Less accumulated depreciation | 8,706 | 7,861 | |||||||
Net fixed assets | $ | 13,781 | $ | 14,952 | |||||
Leases_Tables
Leases (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases [Abstract] | ' | ||||
Future Minimum Lease Payments | ' | ||||
Future minimum lease payments under these leases for years subsequent to December 31, 2013 are as follows: | |||||
Year ending December 31, | |||||
(dollars in thousands) | |||||
2014 | $ | 62 | |||
2015 | 62 | ||||
2016 | 62 | ||||
2017 | 42 | ||||
2018 | — | ||||
Thereafter | — | ||||
Total | $ | 228 | |||
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||
Schedule of Composition of Time Deposits | ' | ||||||||||||||||
The composition of deposits at December 31, 2013 and 2012 is as follows: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Amount | Percentage | Amount | Percentage | ||||||||||||||
of Total | of Total | ||||||||||||||||
(dollars in thousands) | |||||||||||||||||
Demand noninterest-bearing | $ | 74,493 | 16 | % | $ | 70,347 | 15 | % | |||||||||
Interest checking and money market | 228,933 | 51 | % | 211,066 | 46 | % | |||||||||||
Savings | 41,512 | 9 | % | 43,336 | 10 | % | |||||||||||
Time deposits $100,000 and over | 44,690 | 10 | % | 53,449 | 12 | % | |||||||||||
Other time deposits | 64,080 | 14 | % | 79,414 | 17 | % | |||||||||||
Total | $ | 453,708 | 100 | % | $ | 457,612 | 100 | % | |||||||||
Maturities of Fixed-Rate Time Deposits | ' | ||||||||||||||||
The maturities of fixed-rate time deposits at December 31, 2013 are reflected in the table below: | |||||||||||||||||
Year ending December 31, | Time | Other | |||||||||||||||
Deposits | Time | ||||||||||||||||
$100,000 | Deposits | ||||||||||||||||
and Over | |||||||||||||||||
(dollars in thousands) | |||||||||||||||||
2014 | $ | 21,528 | $ | 38,614 | |||||||||||||
2015 | 7,060 | 9,819 | |||||||||||||||
2016 | 12,289 | 12,845 | |||||||||||||||
2017 | 3,163 | 2,554 | |||||||||||||||
2018 | 650 | 248 | |||||||||||||||
Thereafter | — | — | |||||||||||||||
Total | $ | 44,690 | $ | 64,080 | |||||||||||||
ShortTerm_Borrowed_Funds_Table
Short-Term Borrowed Funds (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||
Summary of Short-Term Borrowed Funds | ' | ||||||||||||||||
The following tables set forth certain information regarding the amounts, year-end weighted average rates, average balances, weighted average rate, and maximum month-end balances for short-term borrowed funds, at and during 2013 and 2012: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Amount | Rate | Amount | Rate | ||||||||||||||
(dollars in thousands) | |||||||||||||||||
At year-end | |||||||||||||||||
Master notes and other short term borrowing | $ | 3,998 | 0.25 | % | $ | 6,180 | 0.92 | % | |||||||||
Notes payable | 11 | 6 | % | 10 | 6 | % | |||||||||||
Short-term advances from FHLB | 1,500 | 4.08 | % | 12,500 | 2.3 | % | |||||||||||
$ | 5,509 | 1.3 | % | $ | 18,690 | 1.84 | % | ||||||||||
2013 | 2012 | ||||||||||||||||
Amount | Rate | Amount | Rate | ||||||||||||||
(dollars in thousands) | |||||||||||||||||
Average for the year | |||||||||||||||||
Federal funds purchased | $ | 4 | 0.79 | % | $ | 5 | 0.8 | % | |||||||||
Master notes and other short term borrowing | 5,617 | 0.41 | % | 7,464 | 0.9 | % | |||||||||||
Notes payable | 10 | 6 | % | 29 | 4.37 | % | |||||||||||
Short-term advances from FHLB | 5,026 | 2.61 | % | 11,503 | 2.46 | % | |||||||||||
$ | 10,657 | 1.34 | % | $ | 19,001 | 1.85 | % | ||||||||||
2013 | 2012 | ||||||||||||||||
(dollars in thousands) | |||||||||||||||||
Maximum month-end balance | |||||||||||||||||
Federal funds purchased | $ | — | $ | — | |||||||||||||
Master notes and other short term borrowing | 6,736 | 7,491 | |||||||||||||||
Notes payable | 11 | 59 | |||||||||||||||
Short-term advances from FHLB | 9,500 | 13,500 |
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Debt Disclosure [Abstract] | ' | ||||
Scheduled Maturities of Advances and Notes Payable | ' | ||||
As of December 31, 2013, the scheduled maturities of these long term borrowings are as follows: | |||||
Year ending December 31, | |||||
(dollars in thousands) | |||||
2015 | $ | 12 | |||
2016 | 12 | ||||
2017 | 12 | ||||
2018 | 11,127 | ||||
2019 | — | ||||
Thereafter | — | ||||
Total | $ | 11,163 | |||
Income_Tax_Matters_Tables
Income Tax Matters (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Significant Components of Income Tax Expense (Benefit) | ' | ||||||||||||
The significant components of income tax expense (benefit) for the years ended December 31, 2013, 2012 and 2011 are summarized as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Current tax expense (benefit): | |||||||||||||
Federal | $ | (98 | ) | $ | 1,243 | $ | (838 | ) | |||||
State | 2 | 256 | 34 | ||||||||||
Total | (96 | ) | 1,499 | (804 | ) | ||||||||
Deferred tax expense (benefit): | |||||||||||||
Federal | 285 | (946 | ) | 890 | |||||||||
State | 153 | (188 | ) | 110 | |||||||||
Total | 438 | (1,134 | ) | 1,000 | |||||||||
Net provision for income taxes | $ | 342 | $ | 365 | $ | 196 | |||||||
Provision for Income Taxes and the Amounts Computed by Applying the Statutory Federal Income Tax Rate of 34% to Income Before Income Taxes | ' | ||||||||||||
The difference between the provision for income taxes and the amounts computed by applying the statutory federal income tax rate of 34% to income before income taxes is summarized below: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Tax computed at the statutory federal rate | $ | 441 | $ | 262 | $ | 373 | |||||||
Increases (decrease) resulting from: | |||||||||||||
Tax exempt interest, net | (229 | ) | (250 | ) | (247 | ) | |||||||
State income taxes, net of federal benefit | 102 | 45 | 94 | ||||||||||
Impairment of goodwill | — | 336 | — | ||||||||||
Other | 28 | (28 | ) | (24 | ) | ||||||||
Provision for income taxes | $ | 342 | $ | 365 | $ | 196 | |||||||
Significant Components of Deferred Taxes | ' | ||||||||||||
Significant components of deferred taxes at December 31, 2013, 2012 and 2011 are as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Deferred tax assets relating to: | |||||||||||||
Allowance for loan losses | $ | 1,934 | $ | 2,514 | $ | 2,439 | |||||||
Deferred compensation | 853 | 696 | 595 | ||||||||||
Other | 856 | 1,030 | 264 | ||||||||||
Net unrealized loss on securities available for sale | 289 | — | — | ||||||||||
Total deferred tax assets | 3,932 | 4,240 | 3,298 | ||||||||||
Deferred tax liabilities relating to: | |||||||||||||
Net unrealized gain on securities available for sale | — | (801 | ) | (1,164 | ) | ||||||||
Premises and equipment | (487 | ) | (651 | ) | (678 | ) | |||||||
Deferred loans fees and costs | (199 | ) | (187 | ) | (205 | ) | |||||||
Loan servicing | (201 | ) | (208 | ) | (206 | ) | |||||||
Prepaid expenses | — | — | (149 | ) | |||||||||
Total deferred tax liabilities | (887 | ) | (1,847 | ) | (2,402 | ) | |||||||
Net recorded deferred tax asset | $ | 3,045 | $ | 2,393 | $ | 896 | |||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Outstanding Financial Instruments Whose Contract Amounts Represent Credit Risk | ' | ||||||||
As of December 31, 2013 and 2012, outstanding financial instruments whose contract amounts represent credit risk were as follows: | |||||||||
2013 | 2012 | ||||||||
(dollars in thousands) | |||||||||
Commitments to extend credit | $ | 67,865 | $ | 71,997 | |||||
Credit card commitments | 8,016 | 7,957 | |||||||
Standby letters of credit | 1,100 | 1,100 | |||||||
$ | 76,981 | $ | 81,054 | ||||||
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Related Party Transactions [Abstract] | ' | ||||
Summary of Loans to Directors, Executive Officers and Their Related Interests | ' | ||||
Directors for approval. A summary of loans to directors, executive officers and their related interests follows: | |||||
(dollars in thousands) | |||||
Balance at December 31, 2012 | $ | 15,169 |
Shareholders_Equity_and_Regula1
Shareholders' Equity and Regulatory Matters (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||
Company's Consolidated Capital Ratios | ' | ||||||||||||||||||||||||
The Company expects to meet or exceed these minimums without altering current operations or strategy. | |||||||||||||||||||||||||
Actual | Minimum | Minimum to Be Well | |||||||||||||||||||||||
For Capital | Capitalized Under | ||||||||||||||||||||||||
Requirement | Prompt Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Total Capital to Risk | |||||||||||||||||||||||||
Weighted Assets: | |||||||||||||||||||||||||
Consolidated | $ | 56,439 | 16.7 | % | $ | 27,071 | 8 | % | $ | N/A | — | % | |||||||||||||
Uwharrie Bank | 54,503 | 16.2 | % | 26,955 | 8 | % | 33,694 | 10 | % | ||||||||||||||||
Tier 1 Capital to Risk | |||||||||||||||||||||||||
Weighted Assets: | |||||||||||||||||||||||||
Consolidated | 41,071 | 12.1 | % | 13,536 | 4 | % | N/A | — | % | ||||||||||||||||
Uwharrie Bank | 50,280 | 15 | % | 13,478 | 4 | % | 20,216 | 6 | % | ||||||||||||||||
Tier 1 Capital to | |||||||||||||||||||||||||
Average Assets: | |||||||||||||||||||||||||
Consolidated | 41,071 | 7.8 | % | 21,126 | 4 | % | N/A | — | % | ||||||||||||||||
Uwharrie Bank | 50,280 | 9.6 | % | 21,067 | 4 | % | 26,334 | 5 | % | ||||||||||||||||
Actual | Minimum For | Minimum to Be Well | |||||||||||||||||||||||
Capital | Capitalized Under | ||||||||||||||||||||||||
Requirement | Prompt Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Total Capital to Risk | |||||||||||||||||||||||||
Weighted Assets: | |||||||||||||||||||||||||
Consolidated | $ | 56,728 | 16.3 | % | $ | 27,899 | 8 | % | $ | N/A | — | % | |||||||||||||
Bank of Stanly | 34,208 | 15.1 | % | 18,159 | 8 | % | 22,699 | 10 | % | ||||||||||||||||
Anson Bank and Trust | 6,402 | 19.1 | % | 2,688 | 8 | % | 3,360 | 10 | % | ||||||||||||||||
Cabarrus Bank and Trust | 12,879 | 15.5 | % | 6,668 | 8 | % | 8,335 | 10 | % | ||||||||||||||||
Tier 1 Capital to Risk | |||||||||||||||||||||||||
Weighted Assets: | |||||||||||||||||||||||||
Consolidated | 41,212 | 11.8 | % | 13,949 | 4 | % | N/A | — | % | ||||||||||||||||
Bank of Stanly | 31,349 | 13.8 | % | 9,080 | 4 | % | 13,619 | 6 | % | ||||||||||||||||
Anson Bank and Trust | 5,976 | 17.8 | % | 1,344 | 4 | % | 2,016 | 6 | % | ||||||||||||||||
Cabarrus Bank and Trust | 11,834 | 14.2 | % | 3,334 | 4 | % | 5,001 | 6 | % | ||||||||||||||||
Tier 1 Capital to | |||||||||||||||||||||||||
Average Assets: | |||||||||||||||||||||||||
Consolidated | 41,212 | 7.6 | % | 21,643 | 4 | % | N/A | — | % | ||||||||||||||||
Bank of Stanly | 31,349 | 9.3 | % | 13,619 | 4 | % | 13,514 | 5 | % | ||||||||||||||||
Anson Bank and Trust | 5,976 | 9.9 | % | 2,016 | 4 | % | 2,410 | 5 | % | ||||||||||||||||
Cabarrus Bank and Trust | 11,834 | 9 | % | 5,001 | 4 | % | 5,225 | 5 | % |
Stock_Based_Compensation_Table
Stock Based Compensation (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||
Summary of Stock Option Activity | ' | ||||||||||||
The following is a summary of stock option activity for the year ended December 31, 2013: | |||||||||||||
Shares | Weighted | Aggregate | |||||||||||
Average | Intrinsic Value | ||||||||||||
Exercise | (in thousands) | ||||||||||||
Price | |||||||||||||
Options outstanding at the beginning of the year | 92,491 | $ | 5.35 | $ | — | ||||||||
Options granted | — | — | |||||||||||
Options exercised | — | — | |||||||||||
Forfeitures | — | — | |||||||||||
Options outstanding at the end of the year | 92,491 | $ | 5.35 | $ | — | ||||||||
Options exercisable at the end of the year | 92,491 | $ | 5.35 | $ | — | ||||||||
Summary of Status of Company's Non-vested Stock Option Grants | ' | ||||||||||||
A summary of the status of the Company’s non-vested stock option grants as of December 31, 2013, and changes during the year then ended is presented below: | |||||||||||||
Shares | Weighted | ||||||||||||
Average | |||||||||||||
Grant Date | |||||||||||||
Fair Value | |||||||||||||
Non-vested December 31, 2012 | 2,472 | $ | 1.43 | ||||||||||
Granted | — | — | |||||||||||
Vested | (2,472 | ) | 1.43 | ||||||||||
Forfeited | — | — | |||||||||||
Non-vested December 31, 2013 | — | — | |||||||||||
Fair_Values_of_Financial_Instr1
Fair Values of Financial Instruments and Interest Rate Risk (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Comparison of Carrying Amounts and the Estimated Fair Value of the Financial Instruments | ' | ||||||||||||||||||||
The following table reflects a comparison of carrying amounts and the estimated fair value of the financial instruments as of December 31, 2013 and December 31, 2012: | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Value | Fair Value | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
FINANCIAL ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 72,394 | $ | 72,394 | $ | 72,394 | $ | — | $ | — | |||||||||||
Securities available for sale | 100,280 | 100,280 | 21,286 | 78,994 | — | ||||||||||||||||
Loans held for investment, net | 302,253 | 308,112 | — | — | 308,112 | ||||||||||||||||
Loans held for sale | 1,139 | 1,139 | — | 1,139 | — | ||||||||||||||||
Restricted stock | 1,184 | 1,184 | 1,184 | — | — | ||||||||||||||||
Bank-owned life insurance | 6,516 | 6,516 | — | — | 6,516 | ||||||||||||||||
Mortgage servicing rights | 2,356 | 3,085 | — | — | 3,085 | ||||||||||||||||
Accrued interest receivable | 1,747 | 1,747 | — | — | 1,747 | ||||||||||||||||
FINANCIAL LIABILITIES | |||||||||||||||||||||
Deposits | $ | 453,708 | $ | 438,593 | $ | — | $ | — | $ | 438,593 | |||||||||||
Short-term borrowings | 5,509 | 5,509 | — | 5,509 | — | ||||||||||||||||
Long-term borrowings | 36 | 36 | — | 36 | — | ||||||||||||||||
Junior subordinated debt | 11,127 | 11,271 | — | — | 11,271 | ||||||||||||||||
Accrued interest payable | 224 | 224 | — | — | 224 | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Value | Fair Value | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
FINANCIAL ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 81,728 | $ | 81,728 | $ | 81,728 | $ | — | $ | — | |||||||||||
Securities available for sale | 91,638 | 91,638 | 19,576 | 72,062 | — | ||||||||||||||||
Loans held for investment, net | 322,382 | 331,386 | — | — | 331,386 | ||||||||||||||||
Loans held for sale | 5,373 | 5,373 | — | 5,373 | — | ||||||||||||||||
Restricted stock | 2,265 | 2,265 | 2,265 | — | — | ||||||||||||||||
Bank-owned life insurance | 6,394 | 6,394 | — | — | 6,394 | ||||||||||||||||
Mortgage servicing rights | 2,394 | 2,394 | — | — | 2,394 | ||||||||||||||||
Accrued interest receivable | 1,753 | 1,753 | — | — | 1,753 | ||||||||||||||||
FINANCIAL LIABILITIES | |||||||||||||||||||||
Deposits | $ | 457,612 | $ | 446,669 | $ | — | $ | — | $ | 446,669 | |||||||||||
Short-term borrowings | 18,690 | 18,690 | — | 18,690 | — | ||||||||||||||||
Long-term borrowings | 1,546 | 1,702 | — | 1,702 | — | ||||||||||||||||
Junior subordinated debt | 11,127 | 11,268 | — | — | 11,268 | ||||||||||||||||
Accrued interest payable | 270 | 270 | — | — | 270 | ||||||||||||||||
Fair Value Information for Assets and Liabilities Measured at Fair Value on a Recurring Basis | ' | ||||||||||||||||||||
The following table provides fair value information for assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and 2012: | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||
US Treasury | $ | 21,286 | $ | 21,286 | $ | — | $ | — | |||||||||||||
US Gov’t | 34,300 | — | 34,300 | — | |||||||||||||||||
Mortgage-backed securities and CMO’s | 37,006 | — | 37,006 | — | |||||||||||||||||
State and political subdivisions | 7,688 | — | 7,688 | — | |||||||||||||||||
Total assets at fair value | $ | 100,280 | $ | 21,286 | $ | 78,994 | $ | — | |||||||||||||
Total liabilities at fair value | $ | — | $ | — | $ | — | $ | — | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||
US Treasury | $ | 19,576 | $ | 19,576 | $ | — | $ | — | |||||||||||||
US Gov’t | 22,174 | — | 22,174 | — | |||||||||||||||||
Mortgage-backed securities and CMO’s | 41,022 | — | 41,022 | — | |||||||||||||||||
State and political subdivisions | 8,866 | — | 8,866 | — | |||||||||||||||||
Total assets at fair value | $ | 91,638 | $ | 19,576 | $ | 72,062 | $ | — | |||||||||||||
Total liabilities at fair value | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Assets Measured at Fair Value on Nonrecurring Basis | ' | ||||||||||||||||||||
Assets measured at fair value on a nonrecurring basis are included in the table below as of December 31, 2013 and December 31, 2012: | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Impaired loans | $ | 5,903 | $ | — | $ | — | $ | 5,903 | |||||||||||||
Loans held for sale | 1,139 | — | 1,139 | — | |||||||||||||||||
Other real estate owned | 3,533 | — | — | 3,533 | |||||||||||||||||
Total assets at fair value | $ | 10,575 | $ | — | $ | 1,139 | $ | 9,436 | |||||||||||||
Total liabilities at fair value | $ | — | $ | — | $ | — | $ | — | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
Impaired loans | $ | 8,640 | $ | — | $ | — | $ | 8,640 | |||||||||||||
Loans held for sale | 5,373 | — | 5,373 | — | |||||||||||||||||
Other real estate owned | 5,596 | — | — | 5,596 | |||||||||||||||||
Total assets at fair value | $ | 19,609 | $ | — | $ | 5,373 | $ | 14,236 | |||||||||||||
Total liabilities at fair value | $ | — | $ | — | $ | — | $ | — | |||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | ' | ||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
Valuation Technique | Unobservable Input | General | |||||||||||||||||||
Range | |||||||||||||||||||||
Nonrecurring measurements: | |||||||||||||||||||||
OREO | Discounted appraisals | Collateral discounts and Estimated costs to sell | 0 – 10% | ||||||||||||||||||
Impaired loans | Discounted appraisals | Collateral discounts | 0 – 30% |
Parent_Company_Financial_Data_
Parent Company Financial Data (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Balance Sheets | ' | ||||||||||||
Condensed Balance Sheets | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(dollars in thousands) | |||||||||||||
Assets | |||||||||||||
Cash and demand deposits | $ | 1,858 | $ | 300 | |||||||||
Interest-earning deposits | 3,998 | 6,217 | |||||||||||
Investments in: | |||||||||||||
Bank subsidiaries | 39,176 | 50,677 | |||||||||||
Nonbank subsidiaries | 618 | 836 | |||||||||||
Other assets | 1,229 | 3,237 | |||||||||||
Total assets | $ | 46,879 | $ | 61,627 | |||||||||
Liabilities and shareholders’ equity | |||||||||||||
Master notes | $ | 3,998 | $ | 5,451 | |||||||||
Junior subordinated debentures | 11,127 | 11,127 | |||||||||||
Other liabilities | 71 | 376 | |||||||||||
Total liabilities | 15,196 | 16,954 | |||||||||||
Redeemable common stock held by the Employee Stock Ownership Plan (ESOP) | 1,716 | 1,584 | |||||||||||
Shareholders’ equity | 29,967 | 42,729 | |||||||||||
Total liabilities and shareholders’ equity | $ | 46,879 | $ | 61,267 | |||||||||
Condensed Statements of Income | ' | ||||||||||||
Condensed Statements of Income | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Equity in earnings of subsidiaries | $ | 1,666 | $ | 1,100 | $ | 1,649 | |||||||
Interest income | 21 | 41 | 64 | ||||||||||
Management and service fees | 4,347 | 6,937 | 6,689 | ||||||||||
Other income | 166 | 102 | 104 | ||||||||||
Interest expense | (659 | ) | (670 | ) | (674 | ) | |||||||
Other operating expense | (4,881 | ) | (7,428 | ) | (7,304 | ) | |||||||
Income tax benefit | 294 | 322 | 372 | ||||||||||
Net income | $ | 954 | $ | 404 | $ | 900 | |||||||
Consolidated net income | $ | 954 | $ | 404 | $ | 900 | |||||||
Less: Net income attributable to noncontrolling interest | (478 | ) | — | — | |||||||||
Net income attributable to Uwharrie Capital Corp | 476 | 404 | 900 | ||||||||||
Dividends – preferred stock | (325 | ) | (645 | ) | (645 | ) | |||||||
Net Income (loss) available to common shareholders | $ | 151 | $ | (241 | ) | $ | 255 | ||||||
Net income (loss) per common share | |||||||||||||
Basic | $ | 0.02 | $ | (0.03 | ) | $ | 0.03 | ||||||
Diluted | $ | 0.02 | $ | (0.03 | ) | $ | 0.03 | ||||||
Weighted average shares outstanding | |||||||||||||
Basic | 7,276,751 | 7,371,667 | 7,467,396 | ||||||||||
Diluted | 7,276,751 | 7,371,667 | 7,467,396 | ||||||||||
Condensed Statements of Cash Flows | ' | ||||||||||||
Condensed Statements of Cash Flows | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(dollars in thousands) | |||||||||||||
Cash flows from operating activities | |||||||||||||
Net income | $ | 954 | $ | 404 | $ | 900 | |||||||
adjustments to reconcile net income to net cash used by operating activities: | |||||||||||||
Equity in earnings of subsidiaries | (1,666 | ) | (1,100 | ) | (1,649 | ) | |||||||
(Increase) decrease in other assets | 2,298 | (734 | ) | (203 | ) | ||||||||
Increase (decrease) in other liabilities | (305 | ) | (97 | ) | 131 | ||||||||
Net cash provided (used) by operating activities | 1,281 | (1,527 | ) | (821 | ) | ||||||||
Cash flows from investing activities | |||||||||||||
Dividends received from subsidiaries | 2,719 | — | — | ||||||||||
Net cash provided by investing activities | 2,719 | — | — | ||||||||||
Cash flows from financing activities | |||||||||||||
Net increase (decrease) in master notes | (1,453 | ) | (757 | ) | (2,386 | ) | |||||||
Net proceeds from issuance of junior subordinated debentures | — | — | 1,232 | ||||||||||
Repurchase of common stock | (169 | ) | — | — | |||||||||
Repayment of series A preferred stock | (10,500 | ) | — | — | |||||||||
Preferred stock redeemed by from bank subsidiary | 7,800 | — | — | ||||||||||
Increase in unearned ESOP compensation | (114 | ) | (103 | ) | (161 | ) | |||||||
Dividends on preferred stock | (225 | ) | (545 | ) | (545 | ) | |||||||
Net cash used by financing activities | (4,661 | ) | (1,405 | ) | (1,860 | ) | |||||||
Net decrease in cash and cash equivalents | (661 | ) | (2,932 | ) | (2,681 | ) | |||||||
Cash and cash equivalents at beginning of year | 6,517 | 9,449 | 12,130 | ||||||||||
Cash and cash equivalents at end of year | $ | 5,856 | $ | 6,517 | $ | 9,449 | |||||||
Significant_Accounting_Policie3
Significant Accounting Policies - Additional Information (Detail) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | ||
Sep. 15, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Segment | |||||
Branch | |||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Common stock exchange | ' | ' | 1 | ' | ' |
Number of branch locations | ' | ' | 6 | ' | ' |
Number of branch offices | ' | ' | 2 | ' | ' |
Number of segments | ' | ' | 2 | ' | ' |
Mortgage and commercial loans period | ' | ' | '90 days | ' | ' |
Credit card and personal loans period | ' | ' | '180 days | ' | ' |
Minimum required sustained performance | ' | ' | '6 months | ' | ' |
First alteration increase allowance | ' | ' | $849,538 | ' | ' |
second alteration decrease allowance | ' | ' | 159,869 | ' | ' |
Total accumulated other comprehensive income | ' | ' | -562,000 | 1,487,000 | ' |
Stock options outstanding | ' | ' | 92,491 | 92,491 | 123,570 |
Dividends rate | ' | ' | ' | 5.30% | ' |
Sale | 2,800,000 | ' | 2,800,000 | 7,900,000 | ' |
Total issuance costs | ' | 23,000 | 24,000 | 113,000 | ' |
Noncontrolling interest | ' | ' | $7,700,000 | ' | ' |
Preferred Stock Series B [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Dividends rate | ' | ' | 9.00% | 5.30% | ' |
Voting rights | ' | ' | ' | 'The preferred stock has no voting rights | ' |
Preferred Stock Series C [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Dividends rate | ' | 5.30% | 5.30% | ' | ' |
Voting rights | ' | 'The preferred stock has no voting rights | 'The preferred stock has no voting rights | ' | ' |
Minimum [Member] | Furniture, Fixtures and Equipment [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Useful lives range | ' | ' | '5 years | ' | ' |
Minimum [Member] | Building and Leasehold Improvements [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Useful lives range | ' | ' | '10 years | ' | ' |
Maximum [Member] | Furniture, Fixtures and Equipment [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Useful lives range | ' | ' | '7 years | ' | ' |
Maximum [Member] | Building and Leasehold Improvements [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Useful lives range | ' | ' | '39 years | ' | ' |
Anson BanCorp Inc [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Acquisition | ' | ' | 19-Jan-00 | ' | ' |
Gateway Mortgage Inc [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Acquisition | ' | ' | 4-Aug-00 | ' | ' |
Uwharrie Mortgage Inc [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Established a subsidiary | ' | ' | 7-Apr-04 | ' | ' |
Cabarrus Bank and Trust Company [Member] | ' | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' | ' |
Company capitalized a new wholly-owned subsidiary | ' | ' | 10-Apr-03 | ' | ' |
Significant_Accounting_Policie4
Significant Accounting Policies - Accumulated Other Comprehensive Income (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accounting Policies [Abstract] | ' | ' | ' |
Beginning Balance | $1,487 | ' | ' |
Other comprehensive income (loss) before reclassifications, net of $1,292 tax effect | -2,370 | ' | ' |
Amounts reclassified from accumulated other comprehensive income, net of $202 tax effect | 321 | ' | ' |
Net current-period other comprehensive loss | 2,049 | 707 | -1,859 |
Ending Balance | ($562) | $1,487 | ' |
Significant_Accounting_Policie5
Significant Accounting Policies - Accumulated Other Comprehensive Income (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accounting Policies [Abstract] | ' | ' | ' |
Other comprehensive income before reclassifications, net of tax | $1,292 | ' | ' |
Related tax effect | $202 | $496 | $360 |
Significant_Accounting_Policie6
Significant Accounting Policies - Computation of Weighted Average Shares Used in the Calculation of Basic and Dilutive Earnings Per Share (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Accounting Policies [Abstract] | ' | ' | ' |
Weighted average number of common shares used in computing basic net income per common share | 7,483,691 | 7,502,496 | 7,593,969 |
Effect of ESOP shares | -206,940 | -130,829 | -126,573 |
Adjusted weighted average number of common shares used in computing basic net income per common share | 7,276,751 | 7,371,667 | 7,467,396 |
Effect of dilutive stock options | ' | ' | ' |
Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share | 7,276,751 | 7,371,667 | 7,467,396 |
Investment_Securities_Carrying
Investment Securities - Carrying Amounts and Fair Values of Securities Available for Sale (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $101,131 | $89,351 |
Gross Unrealized Gains | 1,119 | 2,411 |
Gross Unrealized Losses | 1,970 | 124 |
Fair Value | 100,280 | 91,638 |
U.S. Treasury [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 20,992 | 18,731 |
Gross Unrealized Gains | 502 | 846 |
Gross Unrealized Losses | 208 | 1 |
Fair Value | 21,286 | 19,576 |
U.S. Government Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 34,931 | 21,689 |
Gross Unrealized Gains | 145 | 485 |
Gross Unrealized Losses | 776 | ' |
Fair Value | 34,300 | 22,174 |
Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 37,871 | 40,766 |
Gross Unrealized Gains | 121 | 379 |
Gross Unrealized Losses | 986 | 123 |
Fair Value | 37,006 | 41,022 |
State and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 7,337 | 8,165 |
Gross Unrealized Gains | 351 | 701 |
Gross Unrealized Losses | ' | ' |
Fair Value | $7,688 | $8,866 |
Investment_Securities_Addition
Investment Securities - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Security | Security | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Federal Reserve stock owned by Company | $467,000 | $803,000 | ' |
Federal Home Loan Bank stock | 717,000 | 1,500,000 | ' |
Securities available for sale pledged as collateral on public deposits | 63,100,000 | 48,800,000 | 37,700,000 |
Number of mortgage backed securities related to unrealized losses | 13 | 7 | ' |
Number of treasury note related to unrealized losses | 1 | 2 | ' |
Number of Government agency bond | 10 | ' | ' |
Mortgage-Backed Securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Number of mortgage backed securities | 2 | ' | ' |
Available for sale securities | $0 | ' | ' |
Investment_Securities_Sales_of
Investment Securities - Sales of Securities Available for Sale (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Investments Debt And Equity Securities [Abstract] | ' | ' | ' |
Gross proceeds from sales and calls | $20,182 | $42,889 | $25,568 |
Realized gains from sales | 41 | 1,398 | 933 |
Realized losses from sales | -564 | -112 | ' |
Net realized gains (losses) | ($523) | $1,286 | $933 |
Investment_Securities_Gross_Un
Investment Securities - Gross Unrealized Losses and Fair Value of Investments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | $56,075 | $23,840 |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 1,826 | 124 |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value | 3,849 | ' |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | 144 | ' |
Available-for-sale Securities, Gross unrealized losses, Fair Value | 59,924 | 23,840 |
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses | 1,970 | 124 |
U.S. Treasury [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | 4,722 | 2,485 |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 208 | 1 |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Fair Value | 4,722 | 2,485 |
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses | 208 | 1 |
U.S. Government Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | 29,147 | ' |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 776 | ' |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Fair Value | 29,147 | ' |
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses | 776 | ' |
Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | 22,206 | 21,355 |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 842 | 123 |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value | 3,849 | ' |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | 144 | ' |
Available-for-sale Securities, Gross unrealized losses, Fair Value | 26,055 | 21,355 |
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses | 986 | 123 |
State and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Fair Value | ' | ' |
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses | ' | ' |
Investment_Securities_Amortize
Investment Securities - Amortized Cost and Fair Value of the Available for Sale Securities Portfolio (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investments Debt And Equity Securities [Abstract] | ' | ' |
Due within one year, Amortized Cost | $481 | ' |
Due after one but within five years, Amortized Cost | 38,590 | ' |
Due after five but within ten years, Amortized Cost | 23,171 | ' |
Due after ten years, Amortized Cost | 1,018 | ' |
Mortgage backed securities, Amortized Cost | 37,871 | ' |
Total securities available for sale, Amortized Cost | 101,131 | ' |
Due within one year, Estimated Fair Value | 485 | ' |
Due after one but within five years, Estimated Fair Value | 39,124 | ' |
Due after five but within ten years, Estimated Fair Value | 22,623 | ' |
Due after ten years, Estimated Fair Value | 1,042 | ' |
Mortgage backed securities, Estimated Fair Value | 37,006 | ' |
Fair Value | $100,280 | $91,638 |
Loans_Held_for_Investment_Comp
Loans Held for Investment - Composition of Net Loans Held for Investment by Class (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ' | ' | ' | ' |
Loans, Total | $307,288 | $329,078 | ' | ' |
Less: | ' | ' | ' | ' |
Allowance for loan losses | -5,095 | -6,801 | -6,815 | -9,067 |
Deferred loan (fees) costs, net | 60 | 105 | ' | ' |
Net loans held for investment | 302,253 | 322,382 | ' | ' |
Commercial Loan [Member] | Commercial [Member] | ' | ' | ' | ' |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ' | ' | ' | ' |
Loans, Total | 47,436 | 41,390 | ' | ' |
Real Estate - Commercial [Member] | Commercial [Member] | ' | ' | ' | ' |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ' | ' | ' | ' |
Loans, Total | 95,922 | 103,304 | ' | ' |
Other Real Estate Construction [Member] | Commercial [Member] | ' | ' | ' | ' |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ' | ' | ' | ' |
Loans, Total | 17,583 | 25,052 | ' | ' |
Real Estate 1 - 4 Family Construction [Member] | Non-Commercial [Member] | ' | ' | ' | ' |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ' | ' | ' | ' |
Loans, Total | 3,418 | 3,080 | ' | ' |
Real Estate - Residential [Member] | Non-Commercial [Member] | ' | ' | ' | ' |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ' | ' | ' | ' |
Loans, Total | 87,463 | 93,927 | ' | ' |
Home Equity [Member] | Non-Commercial [Member] | ' | ' | ' | ' |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ' | ' | ' | ' |
Loans, Total | 45,231 | 48,517 | ' | ' |
Consumer Loans [Member] | Non-Commercial [Member] | ' | ' | ' | ' |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ' | ' | ' | ' |
Loans, Total | 9,623 | 12,986 | ' | ' |
Other Loans [Member] | Non-Commercial [Member] | ' | ' | ' | ' |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ' | ' | ' | ' |
Loans, Total | $612 | $822 | ' | ' |
Loans_Held_for_Investment_Addi
Loans Held for Investment - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items] | ' | ' |
Noncommercial segment Loans | $17.60 | $26.10 |
Accruing Loans 90 or More Days Past Due | ' | ' |
Restructured loans | 6.4 | 6.8 |
Restructured loans included in impaired loans | 6.4 | 6.8 |
Carrying value of foreclosed properties | 7.2 | 8.7 |
Amount pledged to borrowings at Federal Home Loan Bank | 150.4 | 137.2 |
Amount pledged to borrowings at Federal Reserve Bank | $150.40 | $137.20 |
Mortgage Loans on Real Estate [Member] | ' | ' |
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items] | ' | ' |
Concentrations of Loans as Percentage of Net Loans | 44.29% | ' |
Commercial Loans [Member] | ' | ' |
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items] | ' | ' |
Concentrations of Loans as Percentage of Net Loans | 52.37% | ' |
Allowance_for_Loan_Losses_Chan
Allowance for Loan Losses - Changes in the Allowance for Loan Losses (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule Of Allowance For Loan Losses [Line Items] | ' | ' | ' |
Balance, beginning of year | $6,801 | $6,815 | $9,067 |
Provision (recovery) charged to operations | 28 | 1,832 | 3,456 |
Charge-offs | -1,971 | -1,991 | -5,836 |
Recoveries | 242 | 145 | 133 |
Net (charge-offs) | -1,729 | -1,846 | -5,703 |
Other | -5 | ' | -5 |
Balance, end of year | 5,095 | 6,801 | 6,815 |
Commercial [Member] | ' | ' | ' |
Schedule Of Allowance For Loan Losses [Line Items] | ' | ' | ' |
Balance, beginning of year | 2,791 | 2,904 | 5,363 |
Provision (recovery) charged to operations | 784 | 985 | 1,947 |
Charge-offs | -1,005 | -1,167 | -4,417 |
Recoveries | 96 | 69 | 11 |
Net (charge-offs) | -909 | -1,098 | -4,406 |
Other | -1 | ' | 14 |
Balance, end of year | 2,665 | 2,791 | 2,904 |
Non-Commercial [Member] | ' | ' | ' |
Schedule Of Allowance For Loan Losses [Line Items] | ' | ' | ' |
Balance, beginning of year | 4,010 | 3,911 | 3,704 |
Provision (recovery) charged to operations | -756 | 847 | 1,509 |
Charge-offs | -966 | -824 | -1,419 |
Recoveries | 146 | 76 | 122 |
Net (charge-offs) | -820 | -748 | -1,297 |
Other | -4 | ' | -5 |
Balance, end of year | $2,430 | $4,010 | $3,911 |
Allowance_for_Loan_Losses_Sche
Allowance for Loan Losses - Schedule of Loans and Reserve Balances by Loan Segment Both Individually and Collectively Evaluated for Impairment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Reserve | $5,095 | $6,801 | $6,815 | $9,067 |
Loans | 307,348 | 329,183 | ' | ' |
All Commercial [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Reserve | 2,665 | 2,791 | ' | ' |
Loans | 160,941 | 169,746 | ' | ' |
Non-Commercial [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Reserve | 2,430 | 4,010 | 3,911 | 3,704 |
Loans | 146,407 | 159,437 | ' | ' |
Individually Evaluated [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Reserve | 2,387 | 3,034 | ' | ' |
Loans | 17,553 | 26,107 | ' | ' |
Individually Evaluated [Member] | All Commercial [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Reserve | 1,519 | 1,428 | ' | ' |
Loans | 8,700 | 14,979 | ' | ' |
Individually Evaluated [Member] | Non-Commercial [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Reserve | 868 | 1,606 | ' | ' |
Loans | 8,853 | 11,128 | ' | ' |
Collectively Evaluated [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Reserve | 2,708 | 3,767 | ' | ' |
Loans | 289,795 | 303,076 | ' | ' |
Collectively Evaluated [Member] | All Commercial [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Reserve | 1,146 | 1,363 | ' | ' |
Loans | 152,241 | 154,767 | ' | ' |
Collectively Evaluated [Member] | Non-Commercial [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Reserve | 1,562 | 2,404 | ' | ' |
Loans | $137,554 | $148,309 | ' | ' |
Allowance_for_Loan_Losses_Past
Allowance for Loan Losses - Past Due Information of the Loan Portfolio by Class (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule Of Financial Receivables [Line Items] | ' | ' |
Loans 30-89 Days Past Due | $2,141 | $2,507 |
Loans 90 Days or More Past Due and Non Accrual | 4,717 | 9,480 |
Total Past Due Loans | 6,858 | 11,987 |
Current Loans | 300,490 | 317,196 |
Net loans held for investment | 307,348 | 329,183 |
Accruing Loans 90 or More Days Past Due | ' | ' |
Commercial [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Loans 30-89 Days Past Due | 143 | 98 |
Loans 90 Days or More Past Due and Non Accrual | 204 | 437 |
Total Past Due Loans | 347 | 535 |
Current Loans | 47,089 | 40,855 |
Net loans held for investment | 47,436 | 41,390 |
Accruing Loans 90 or More Days Past Due | ' | ' |
Real Estate - Commercial [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Loans 30-89 Days Past Due | 165 | 708 |
Loans 90 Days or More Past Due and Non Accrual | 1,064 | 3,032 |
Total Past Due Loans | 1,229 | 3,740 |
Current Loans | 94,693 | 99,564 |
Net loans held for investment | 95,922 | 103,304 |
Accruing Loans 90 or More Days Past Due | ' | ' |
Other Real Estate Construction [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Loans 30-89 Days Past Due | 145 | 12 |
Loans 90 Days or More Past Due and Non Accrual | 1,637 | 2,945 |
Total Past Due Loans | 1,782 | 2,957 |
Current Loans | 15,801 | 22,095 |
Net loans held for investment | 17,583 | 25,052 |
Accruing Loans 90 or More Days Past Due | ' | ' |
Real Estate Construction [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Loans 30-89 Days Past Due | ' | ' |
Loans 90 Days or More Past Due and Non Accrual | ' | ' |
Total Past Due Loans | ' | ' |
Current Loans | 3,418 | 3,080 |
Net loans held for investment | 3,418 | 3,080 |
Accruing Loans 90 or More Days Past Due | ' | ' |
Real Estate - Residential [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Loans 30-89 Days Past Due | 1,426 | 1,309 |
Loans 90 Days or More Past Due and Non Accrual | 1,564 | 2,507 |
Total Past Due Loans | 2,990 | 3,816 |
Current Loans | 84,533 | 90,216 |
Net loans held for investment | 87,523 | 94,032 |
Accruing Loans 90 or More Days Past Due | ' | ' |
Home Equity [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Loans 30-89 Days Past Due | 207 | 162 |
Loans 90 Days or More Past Due and Non Accrual | 248 | 558 |
Total Past Due Loans | 455 | 720 |
Current Loans | 44,776 | 47,797 |
Net loans held for investment | 45,231 | 48,517 |
Accruing Loans 90 or More Days Past Due | ' | ' |
Consumer Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Loans 30-89 Days Past Due | 55 | 218 |
Loans 90 Days or More Past Due and Non Accrual | ' | 1 |
Total Past Due Loans | 55 | 219 |
Current Loans | 9,568 | 12,767 |
Net loans held for investment | 9,623 | 12,986 |
Accruing Loans 90 or More Days Past Due | ' | ' |
Other Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Loans 30-89 Days Past Due | ' | ' |
Loans 90 Days or More Past Due and Non Accrual | ' | ' |
Total Past Due Loans | ' | ' |
Current Loans | 612 | 822 |
Net loans held for investment | 612 | 822 |
Accruing Loans 90 or More Days Past Due | ' | ' |
Allowance_for_Loan_Losses_Addi
Allowance for Loan Losses - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Receivables [Abstract] | ' | ' |
Financing receivable recorded investment number of days past due | '90 days | ' |
Increase in non-performing loans | $4,700 | $9,500 |
Increase of non-performing loans | 4,800,000 | ' |
Nonaccrual loan | $1,300,000 | ' |
Allowance_for_Loan_Losses_Comp
Allowance for Loan Losses - Composition of Nonaccrual Loans by Class (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule Of Financial Receivables [Line Items] | ' | ' |
Increase in non-performing loans | $4,717 | $9,480 |
Commercial [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Increase in non-performing loans | 204 | 437 |
Real Estate - Commercial [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Increase in non-performing loans | 1,064 | 3,032 |
Other Real Estate Construction [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Increase in non-performing loans | 1,637 | 2,945 |
Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Increase in non-performing loans | ' | ' |
Real Estate - Residential [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Increase in non-performing loans | 1,564 | 2,507 |
Home Equity [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Increase in non-performing loans | 248 | 558 |
Consumer Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Increase in non-performing loans | ' | 1 |
Other Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Increase in non-performing loans | ' | ' |
Allowance_for_Loan_Losses_Summ
Allowance for Loan Losses - Summary of Risk Grades of Portfolio by Class (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | $307,348 | $329,183 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 47,436 | 41,390 |
Real Estate - Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 95,922 | 103,304 |
Other Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 17,583 | 25,052 |
Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 3,418 | 3,080 |
Real Estate - Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 87,523 | 94,032 |
Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 45,231 | 48,517 |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 9,623 | 12,986 |
Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 612 | 822 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 267,580 | 286,199 |
Pass [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 46,520 | 39,800 |
Pass [Member] | Real Estate - Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 80,679 | 84,748 |
Pass [Member] | Other Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 12,898 | 20,684 |
Pass [Member] | Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 3,418 | 3,080 |
Pass [Member] | Real Estate - Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 70,407 | 78,115 |
Pass [Member] | Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 43,830 | 46,590 |
Pass [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 9,216 | 12,360 |
Pass [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 612 | 822 |
Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 26,773 | 21,904 |
Watch [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 635 | 836 |
Watch [Member] | Real Estate - Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 9,396 | 9,337 |
Watch [Member] | Other Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 2,465 | 577 |
Watch [Member] | Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | ' |
Watch [Member] | Real Estate - Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 12,911 | 9,728 |
Watch [Member] | Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 1,005 | 914 |
Watch [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 361 | 512 |
Watch [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | ' |
Sub-standard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 12,160 | 20,766 |
Sub-standard [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 281 | 754 |
Sub-standard [Member] | Real Estate - Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 5,847 | 9,219 |
Sub-standard [Member] | Other Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 1,385 | 3,477 |
Sub-standard [Member] | Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | ' |
Sub-standard [Member] | Real Estate - Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 4,205 | 6,189 |
Sub-standard [Member] | Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 396 | 1,013 |
Sub-standard [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 46 | 114 |
Sub-standard [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | ' |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 835 | 314 |
Doubtful [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | ' |
Doubtful [Member] | Real Estate - Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | ' |
Doubtful [Member] | Other Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 835 | 314 |
Doubtful [Member] | Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | ' |
Doubtful [Member] | Real Estate - Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | ' |
Doubtful [Member] | Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | ' |
Doubtful [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | ' |
Doubtful [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | ' |
Allowance_for_Loan_Losses_Summ1
Allowance for Loan Losses - Summary of Performing and Nonperforming Loans by Class (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | $307,348 | $329,183 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 47,436 | 41,390 |
Real Estate - Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 95,922 | 103,304 |
Other Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 17,583 | 25,052 |
Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 3,418 | 3,080 |
Real Estate - Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 87,523 | 94,032 |
Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 45,231 | 48,517 |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 9,623 | 12,986 |
Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 612 | 822 |
Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 302,631 | 319,703 |
Performing [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 47,232 | 40,953 |
Performing [Member] | Real Estate - Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 94,858 | 100,272 |
Performing [Member] | Other Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 15,946 | 22,107 |
Performing [Member] | Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 3,418 | 3,080 |
Performing [Member] | Real Estate - Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 85,959 | 91,525 |
Performing [Member] | Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 44,983 | 47,959 |
Performing [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 9,623 | 12,985 |
Performing [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 612 | 822 |
Non-Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 4,717 | 9,480 |
Non-Performing [Member] | Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 204 | 437 |
Non-Performing [Member] | Real Estate - Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 1,064 | 3,032 |
Non-Performing [Member] | Other Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 1,637 | 2,945 |
Non-Performing [Member] | Real Estate - Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 1,564 | 2,507 |
Non-Performing [Member] | Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 248 | 558 |
Non-Performing [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | ' | $1 |
Allowance_for_Loan_Losses_Summ2
Allowance for Loan Losses - Summary of Loans Deemed Impaired and Specific Reserves Allocated by Class (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
Unpaid Principal Balance | $18,321 | $28,339 | $35,273 |
Recorded Investment With No Allowance | 9,263 | 14,433 | 23,432 |
Recorded Investment With Allowance | 8,290 | 11,674 | 9,657 |
Related Allowance | 2,387 | 3,034 | 2,583 |
Average Recorded Investment | 19,874 | 31,105 | 38,651 |
Interest Income | 711 | 1,257 | 1,767 |
Commercial [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
Unpaid Principal Balance | 377 | 1,977 | 2,099 |
Recorded Investment With No Allowance | 291 | 388 | 889 |
Recorded Investment With Allowance | 86 | 1,470 | 1,091 |
Related Allowance | 67 | 616 | 578 |
Average Recorded Investment | 845 | 1,440 | 1,525 |
Interest Income | 21 | 66 | 93 |
Real Estate - Commercial [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
Unpaid Principal Balance | 6,808 | 11,299 | 14,951 |
Recorded Investment With No Allowance | 3,962 | 6,341 | 11,365 |
Recorded Investment With Allowance | 2,375 | 2,895 | 1,523 |
Related Allowance | 507 | 411 | 452 |
Average Recorded Investment | 7,089 | 11,607 | 16,520 |
Interest Income | 328 | 473 | 716 |
Other Real Estate Construction [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
Unpaid Principal Balance | 2,034 | 3,935 | 4,016 |
Recorded Investment With No Allowance | 247 | 2,437 | 2,644 |
Recorded Investment With Allowance | 1,739 | 1,448 | 1,370 |
Related Allowance | 945 | 401 | 107 |
Average Recorded Investment | 2,078 | 4,055 | 7,746 |
Interest Income | 17 | 202 | 236 |
Real Estate 1 - 4 Family Construction [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
Unpaid Principal Balance | 374 | 840 | 1,095 |
Recorded Investment With No Allowance | 25 | 713 | 501 |
Recorded Investment With Allowance | 349 | 127 | 594 |
Related Allowance | 16 | 127 | 202 |
Average Recorded Investment | 380 | 1,053 | 1,249 |
Interest Income | 23 | 43 | 53 |
Real Estate - Residential [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
Unpaid Principal Balance | 8,197 | 8,985 | 11,877 |
Recorded Investment With No Allowance | 4,619 | 3,994 | 7,231 |
Recorded Investment With Allowance | 3,329 | 4,991 | 4,646 |
Related Allowance | 530 | 1,215 | 1,001 |
Average Recorded Investment | 8,507 | 11,442 | 10,137 |
Interest Income | 300 | 427 | 616 |
Home Equity [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
Unpaid Principal Balance | 415 | 1,068 | 993 |
Recorded Investment With No Allowance | 58 | 521 | 753 |
Recorded Investment With Allowance | 357 | 547 | 240 |
Related Allowance | 279 | 159 | 124 |
Average Recorded Investment | 819 | 1,200 | 1,194 |
Interest Income | 8 | 32 | 37 |
Consumer Loans [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
Unpaid Principal Balance | 116 | 235 | 242 |
Recorded Investment With No Allowance | 61 | 39 | 49 |
Recorded Investment With Allowance | 55 | 196 | 193 |
Related Allowance | 43 | 105 | 119 |
Average Recorded Investment | 156 | 308 | 280 |
Interest Income | 14 | 14 | 16 |
Other Loans [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' |
Recorded Investment With No Allowance | ' | ' | ' |
Recorded Investment With Allowance | ' | ' | ' |
Related Allowance | ' | ' | ' |
Average Recorded Investment | ' | ' | ' |
Interest Income | ' | ' | ' |
Troubled_Debt_Restructures_Bre
Troubled Debt Restructures - Breakdown of Types of Concessions Made by Loan Class (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Contract | Contract | |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | 10 | 15 |
Pre-Modification Outstanding Recorded Investment | $1,269 | $1,329 |
Post-Modification Outstanding Recorded Investment | 1,234 | 1,314 |
Extend Payment Terms [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | 5 |
Pre-Modification Outstanding Recorded Investment | ' | 157 |
Post-Modification Outstanding Recorded Investment | ' | 153 |
Extend Payment Terms [Member] | Commercial [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 33 |
Post-Modification Outstanding Recorded Investment | ' | 32 |
Extend Payment Terms [Member] | Real Estate - Commercial [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Extend Payment Terms [Member] | Other Real Estate Construction [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 49 |
Post-Modification Outstanding Recorded Investment | ' | 49 |
Extend Payment Terms [Member] | Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Extend Payment Terms [Member] | Real Estate - Residential [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | 2 |
Pre-Modification Outstanding Recorded Investment | ' | 30 |
Post-Modification Outstanding Recorded Investment | ' | 30 |
Extend Payment Terms [Member] | Home Equity [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Extend Payment Terms [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 45 |
Post-Modification Outstanding Recorded Investment | ' | 42 |
Extend Payment Terms [Member] | Other Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Other [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | 10 | 10 |
Pre-Modification Outstanding Recorded Investment | 1,269 | 1,172 |
Post-Modification Outstanding Recorded Investment | 1,234 | 1,161 |
Other [Member] | Commercial [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 68 |
Post-Modification Outstanding Recorded Investment | ' | 68 |
Other [Member] | Real Estate - Commercial [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | 356 | 116 |
Post-Modification Outstanding Recorded Investment | 341 | 112 |
Other [Member] | Other Real Estate Construction [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Other [Member] | Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 32 |
Post-Modification Outstanding Recorded Investment | ' | 31 |
Other [Member] | Real Estate - Residential [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | 8 | 6 |
Pre-Modification Outstanding Recorded Investment | 895 | 939 |
Post-Modification Outstanding Recorded Investment | 875 | 933 |
Other [Member] | Home Equity [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 18 | ' |
Post-Modification Outstanding Recorded Investment | 18 | ' |
Other [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 17 |
Post-Modification Outstanding Recorded Investment | ' | 17 |
Other [Member] | Other Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Troubled_Debt_Restructures_Loa
Troubled Debt Restructures - Loans Modified as Troubled Debt Restructurings Within Previous Twelve Months for Which There Was Payment Default (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Loans | Loans | |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 6 |
Recorded Investment | ' | $365 |
Extend Payment Terms [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 4 |
Recorded Investment | ' | 110 |
Extend Payment Terms [Member] | Commercial [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 1 |
Recorded Investment | ' | 31 |
Extend Payment Terms [Member] | Real Estate - Commercial [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investment | ' | ' |
Extend Payment Terms [Member] | Other Real Estate Construction [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 1 |
Recorded Investment | ' | 49 |
Extend Payment Terms [Member] | Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investment | ' | ' |
Extend Payment Terms [Member] | Real Estate - Residential [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investment | ' | ' |
Extend Payment Terms [Member] | Home Equity [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 2 |
Recorded Investment | ' | 30 |
Extend Payment Terms [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investment | ' | ' |
Extend Payment Terms [Member] | Other Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investment | ' | ' |
Other [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 2 |
Recorded Investment | ' | 255 |
Other [Member] | Commercial [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investment | ' | ' |
Other [Member] | Real Estate - Commercial [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investment | ' | ' |
Other [Member] | Other Real Estate Construction [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investment | ' | ' |
Other [Member] | Real Estate 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investment | ' | ' |
Other [Member] | Real Estate - Residential [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 1 |
Recorded Investment | ' | 238 |
Other [Member] | Home Equity [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investment | ' | ' |
Other [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 1 |
Recorded Investment | ' | 17 |
Other [Member] | Other Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investment | ' | ' |
Troubled_Debt_Restructures_Add
Troubled Debt Restructures - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Debt Disclosure [Abstract] | ' | ' |
Troubled debt restructure is defined as being past due | '90 days | ' |
Allowance for loan loss on TDR | $420,000 | $1,100,000 |
Troubled_Debt_Restructures_Sch
Troubled Debt Restructures - Schedule of Successes and Failures of Types of Debt Restructuring (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Loans | Loans |
Paid In Full [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investments | ' | ' |
Paid In Full [Member] | Extend Payment Terms [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investments | ' | ' |
Paid In Full [Member] | Other Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investments | ' | ' |
Paying as Restructured [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 10 | 9 |
Recorded Investments | 1,234 | 949 |
Paying as Restructured [Member] | Extend Payment Terms [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investments | ' | ' |
Paying as Restructured [Member] | Other Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 10 | 9 |
Recorded Investments | 1,234 | 949 |
Converted to Nonaccrual [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investments | ' | ' |
Converted to Nonaccrual [Member] | Extend Payment Terms [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investments | ' | ' |
Converted to Nonaccrual [Member] | Other Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Recorded Investments | ' | ' |
Foreclosure/ Default [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 6 |
Recorded Investments | ' | 365 |
Foreclosure/ Default [Member] | Extend Payment Terms [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 4 |
Recorded Investments | ' | 110 |
Foreclosure/ Default [Member] | Other Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 2 |
Recorded Investments | ' | $255 |
Mortgage_Servicing_Assets_Addi
Mortgage Servicing Assets - Additional Information (Detail) (Mortgage Servicing Assets [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Mortgage Servicing Assets [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Unpaid principal balances of mortgage and other loans serviced for others | $406 | $386 |
Fair value of mortgage servicing rights | $3.10 | $2.40 |
Mortgage_Servicing_Assets_Summ
Mortgage Servicing Assets - Summary of Mortgage Servicing Rights (Detail) (Mortgage Servicing Assets [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Mortgage Servicing Assets [Member] | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Beginning of year mortgage servicing rights | $2,394 | $2,142 | $2,134 |
Amounts capitalized | 763 | 1,237 | 679 |
Amortization | -801 | -908 | -671 |
Impairment | ' | -77 | ' |
End of year | $2,356 | $2,394 | $2,142 |
Mortgage_Servicing_Assets_Esti
Mortgage Servicing Assets - Estimated Amortization Expense (Detail) (Mortgage Servicing Assets [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Mortgage Servicing Assets [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
2014 | $557 | ' | ' | ' |
2015 | 482 | ' | ' | ' |
2016 | 407 | ' | ' | ' |
2017 | 332 | ' | ' | ' |
2018 | 257 | ' | ' | ' |
Thereafter | 321 | ' | ' | ' |
Total | $2,356 | $2,394 | $2,142 | $2,134 |
Mortgage_Servicing_Assets_Key_
Mortgage Servicing Assets - Key Assumptions Used to Value Mortgage Servicing Rights (Detail) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Transfers And Servicing [Abstract] | ' | ' |
Weighted average remaining life | '260 months | '264 months |
Weighted average discount rate | 12.00% | 12.00% |
Weighted average coupon | 4.01% | 4.22% |
Weighted average prepayment speed | 187.00% | 325.00% |
Premises_and_Equipment_Major_C
Premises and Equipment - Major Classes of Premises and Equipment and the Total Accumulated Depreciation (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Total fixed assets | $22,487 | $22,813 |
Less accumulated depreciation | 8,706 | 7,861 |
Net fixed assets | 13,781 | 14,952 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total fixed assets | 3,454 | 4,101 |
Building and Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total fixed assets | 11,096 | 11,129 |
Furniture and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Total fixed assets | $7,937 | $7,583 |
Leases_Additional_Information_
Leases - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Option | |||
Lease Disclosure [Line Items] | ' | ' | ' |
Number of times to renew amended office lease option | 2 | ' | ' |
Lease renewal options | '5 years | ' | ' |
Rental expense related to the operating leases | $61,914 | $60,929 | $60,450 |
Concord [Member] | ' | ' | ' |
Lease Disclosure [Line Items] | ' | ' | ' |
Non-cancellable operating lease expired | '2017 | ' | ' |
Annual rental payments | $62,120 | ' | ' |
Leases_Future_Minimum_Lease_Pa
Leases - Future Minimum Lease Payments (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Leases [Abstract] | ' |
2014 | $62 |
2015 | 62 |
2016 | 62 |
2017 | 42 |
2018 | ' |
Thereafter | ' |
Total | $228 |
Deposits_Schedule_of_Compositi
Deposits - Schedule of Composition of Time Deposits (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Banking And Thrift [Abstract] | ' | ' |
Demand noninterest-bearing | $74,493 | $70,347 |
Interest checking and money market | 228,933 | 211,066 |
Savings | 41,512 | 43,336 |
Time deposits $100,000 and over | 44,690 | 53,449 |
Other time deposits | 64,080 | 79,414 |
Total | $453,708 | $457,612 |
Demand noninterest-bearing, percentage | 16.00% | 15.00% |
Interest checking and money market, percentage | 51.00% | 46.00% |
Savings, percentage | 9.00% | 10.00% |
Time deposits $100,000 and over, percentage | 10.00% | 12.00% |
Other time deposits, percentage | 14.00% | 17.00% |
Total, percentage | 100.00% | 100.00% |
Deposits_Maturities_of_FixedRa
Deposits - Maturities of Fixed-Rate Time Deposits (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Time Deposits $100,000 and Over [Member] | Other Time Deposits [Member] |
Time Deposits By Maturity [Line Items] | ' | ' |
2014 | $21,528 | $38,614 |
2015 | 7,060 | 9,819 |
2016 | 12,289 | 12,845 |
2017 | 3,163 | 2,554 |
2018 | 650 | 248 |
Thereafter | ' | ' |
Total | $44,690 | $64,080 |
ShortTerm_Borrowed_Funds_Summa
Short-Term Borrowed Funds - Summary of Short-Term Borrowed Funds (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Short-term Debt [Line Items] | ' | ' |
Short-term borrowed funds, balance at year end | $5,509 | $18,690 |
Short-term borrowed funds, weighted average rates at year end | 1.30% | 1.84% |
Short-term borrowed funds, average balance during year | 10,657 | 19,001 |
Short-term borrowed funds, weighted average rate during year | 1.34% | 1.85% |
Federal Funds Purchased [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Short-term borrowed funds, average balance during year | 4 | 5 |
Short-term borrowed funds, weighted average rate during year | 0.79% | 0.80% |
Short-term borrowed funds, maximum month-end balance | ' | ' |
Master Notes and Other Short Term Borrowing [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Short-term borrowed funds, balance at year end | 3,998 | 6,180 |
Short-term borrowed funds, weighted average rates at year end | 0.25% | 0.92% |
Short-term borrowed funds, average balance during year | 5,617 | 7,464 |
Short-term borrowed funds, weighted average rate during year | 0.41% | 0.90% |
Short-term borrowed funds, maximum month-end balance | 6,736 | 7,491 |
Notes Payable [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Short-term borrowed funds, balance at year end | 11 | 10 |
Short-term borrowed funds, weighted average rates at year end | 6.00% | 6.00% |
Short-term borrowed funds, average balance during year | 10 | 29 |
Short-term borrowed funds, weighted average rate during year | 6.00% | 4.37% |
Short-term borrowed funds, maximum month-end balance | 11 | 59 |
Short-term Advances from FHLB [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Short-term borrowed funds, balance at year end | 1,500 | 12,500 |
Short-term borrowed funds, weighted average rates at year end | 4.08% | 2.30% |
Short-term borrowed funds, average balance during year | 5,026 | 11,503 |
Short-term borrowed funds, weighted average rate during year | 2.61% | 2.46% |
Short-term borrowed funds, maximum month-end balance | $9,500 | $13,500 |
Short_TermBorrowed_Funds_Addit
Short Term-Borrowed Funds - Additional Information (Detail) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Debt Disclosure [Abstract] | ' |
Federal Reserve discount | $52.60 |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | 6 Months Ended | 9 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | ||||||
Jun. 30, 2010 | Sep. 30, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 19, 2002 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2010 | Jun. 30, 2010 | Dec. 31, 2013 | |
Mortgages [Member] | Mortgages [Member] | Mortgages [Member] | Junior Subordinated Debt [Member] | Junior Subordinated Debt [Member] | Junior Subordinated Debt [Member] | Standby Letters of Credit [Member] | |||||
Installment | |||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit | ' | ' | $62,400,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining borrowing availability | ' | ' | 49,400,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Long term advances | ' | ' | 0 | 1,500,000 | ' | ' | ' | ' | ' | ' | 11,500,000 |
Interest rate | ' | ' | ' | 4.08% | ' | ' | ' | ' | ' | ' | ' |
Fixed rate junior subordinated debt securities per security | ' | ' | ' | ' | ' | ' | ' | ' | 1,000 | 1,000 | ' |
Minimum investment required under private placement | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | 50,000 | ' |
Securities have a final maturity date | 31-Dec-18 | 31-Dec-18 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Private placement, outstanding balance | ' | ' | 11,163,000 | 12,673,000 | 129,000 | 46,301 | 56,254 | 11,100,000 | ' | ' | ' |
Debt instrument earliest redemption date | 'December 31, 2013 | 'December 31, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note bears interest | ' | ' | ' | ' | 6.00% | ' | ' | 5.75% | ' | ' | ' |
Final maturity drops period | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' |
Percentage of proceeds from sale of securities imposed as reduction | ' | ' | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity year | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' |
Reduction | ' | ' | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Note bears interest paid quarterly installment | ' | ' | ' | ' | 60 | ' | ' | ' | ' | ' | ' |
Note bears interest annual payment | ' | ' | ' | ' | $3,277 | ' | ' | ' | ' | ' | ' |
LongTerm_Debt_Scheduled_Maturi
Long-Term Debt - Scheduled Maturities of Advances and Notes Payable (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Disclosure [Abstract] | ' | ' |
2015 | $12 | ' |
2016 | 12 | ' |
2017 | 12 | ' |
2018 | 11,127 | ' |
2019 | ' | ' |
Thereafter | ' | ' |
Total | $11,163 | $12,673 |
Income_Tax_Matters_Significant
Income Tax Matters - Significant Components of Income Tax Expense (Benefit) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Current tax expense (benefit): | ' | ' | ' |
Federal | ($98) | $1,243 | ($838) |
State | 2 | 256 | 34 |
Total | -96 | 1,499 | -804 |
Deferred tax expense (benefit): | ' | ' | ' |
Federal | 285 | -946 | 890 |
State | 153 | -188 | 110 |
Total | 438 | -1,134 | 1,000 |
Net provision for income taxes | $342 | $365 | $196 |
Income_Tax_Matters_Additional_
Income Tax Matters - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Statutory federal income tax rate | 34.00% |
Income_Tax_Matters_Provision_f
Income Tax Matters - Provision for Income Taxes and the Amounts Computed by Applying the Statutory Federal Income Tax Rate of 34% to Income Before Income Taxes (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Provision for income taxes and the amounts computed by applying the statutory federal income tax rate of 34% to income before income taxes | ' | ' | ' |
Tax computed at the statutory federal rate | $441 | $262 | $373 |
Increases (decrease) resulting from: | ' | ' | ' |
Tax exempt interest, net | -229 | -250 | -247 |
State income taxes, net of federal benefit | 102 | 45 | 94 |
Impairment of goodwill | ' | 336 | ' |
Other | 28 | -28 | -24 |
Net provision for income taxes | $342 | $365 | $196 |
Income_Tax_Matters_Significant1
Income Tax Matters - Significant Components of Deferred Taxes (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Deferred tax assets relating to: | ' | ' | ' |
Allowance for loan losses | $1,934 | $2,514 | $2,439 |
Deferred compensation | 853 | 696 | 595 |
Other | 856 | 1,030 | 264 |
Net unrealized loss on securities available for sale | 289 | ' | ' |
Total deferred tax assets | 3,932 | 4,240 | 3,298 |
Deferred tax liabilities relating to: | ' | ' | ' |
Net unrealized gain on securities available for sale | ' | -801 | -1,164 |
Premises and equipment | -487 | -651 | -678 |
Deferred loans fees and costs | -199 | -187 | -205 |
Loan servicing | -201 | -208 | -206 |
Prepaid expenses | ' | ' | -149 |
Total deferred tax liabilities | -887 | -1,847 | -2,402 |
Net recorded deferred tax asset | $3,045 | $2,393 | $896 |
Commitments_and_Contingencies_1
Commitments and Contingencies - Outstanding Financial Instruments Whose Contract Amounts Represent Credit Risk (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loss Contingencies [Line Items] | ' | ' |
Total commitments | $76,981 | $81,054 |
Commitments to Extend Credit [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Total commitments | 67,865 | 71,997 |
Credit Card Commitments [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Total commitments | 8,016 | 7,957 |
Standby Letters of Credit [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Total commitments | $1,100 | $1,100 |
Related_Party_Transactions_Sum
Related Party Transactions - Summary of Loans to Directors, Executive Officers and Their Related Interests (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Related Party Transactions [Abstract] | ' |
Balance at December 31, 2012 | $15,169 |
Disbursements during the year | 7,345 |
Collections during the year | -9,847 |
Balance at December 31, 2013 | $12,667 |
Related_Party_Transactions_Add
Related Party Transactions - Additional Information (Detail) (Executive Officers and Directors [Member], USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Executive Officers and Directors [Member] | ' |
Schedule of Other Related Party Transactions [Line Items] | ' |
Unused lines of credit | $2.20 |
Shareholders_Equity_and_Regula2
Shareholders' Equity and Regulatory Matters - Company's Consolidated Capital Ratios (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Consolidated [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Actual (Amount) | $56,439 | $56,728 |
Actual (Ratio) | 16.70% | 16.30% |
Minimum For Capital Requirement (Amount) | 27,071 | 27,899 |
Minimum For Capital Requirement (Ratio) | 8.00% | 8.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | ' |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | ' |
Actual (Amount) | 41,071 | 41,212 |
Actual (Ratio) | 12.10% | 11.80% |
Minimum For Capital Requirement (Amount) | 13,536 | 13,949 |
Minimum For Capital Requirement (Ratio) | 4.00% | 4.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | ' |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | ' |
Actual (Amount) | 41,071 | 41,212 |
Actual (Ratio) | 7.80% | 7.60% |
Minimum For Capital Requirement (Amount) | 21,126 | 21,643 |
Minimum For Capital Requirement (Ratio) | 4.00% | 4.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | ' |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | ' |
Uwharrie Bank [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Actual (Amount) | 54,503 | ' |
Actual (Ratio) | 16.20% | ' |
Minimum For Capital Requirement (Amount) | 26,955 | ' |
Minimum For Capital Requirement (Ratio) | 8.00% | ' |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | 33,694 | ' |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | 10.00% | ' |
Actual (Amount) | 50,280 | ' |
Actual (Ratio) | 15.00% | ' |
Minimum For Capital Requirement (Amount) | 13,478 | ' |
Minimum For Capital Requirement (Ratio) | 4.00% | ' |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | 20,216 | ' |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | 6.00% | ' |
Actual (Amount) | 50,280 | ' |
Actual (Ratio) | 9.60% | ' |
Minimum For Capital Requirement (Amount) | 21,067 | ' |
Minimum For Capital Requirement (Ratio) | 4.00% | ' |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | 26,334 | ' |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | 5.00% | ' |
Bank of Stanly [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Actual (Amount) | ' | 34,208 |
Actual (Ratio) | ' | 15.10% |
Minimum For Capital Requirement (Amount) | ' | 18,159 |
Minimum For Capital Requirement (Ratio) | ' | 8.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | 22,699 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | 10.00% |
Actual (Amount) | ' | 31,349 |
Actual (Ratio) | ' | 13.80% |
Minimum For Capital Requirement (Amount) | ' | 9,080 |
Minimum For Capital Requirement (Ratio) | ' | 4.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | 13,619 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | 6.00% |
Actual (Amount) | ' | 31,349 |
Actual (Ratio) | ' | 9.30% |
Minimum For Capital Requirement (Amount) | ' | 13,619 |
Minimum For Capital Requirement (Ratio) | ' | 4.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | 13,514 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | 5.00% |
Anson Bank and Trust [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Actual (Amount) | ' | 6,402 |
Actual (Ratio) | ' | 19.10% |
Minimum For Capital Requirement (Amount) | ' | 2,688 |
Minimum For Capital Requirement (Ratio) | ' | 8.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | 3,360 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | 10.00% |
Actual (Amount) | ' | 5,976 |
Actual (Ratio) | ' | 17.80% |
Minimum For Capital Requirement (Amount) | ' | 1,344 |
Minimum For Capital Requirement (Ratio) | ' | 4.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | 2,016 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | 6.00% |
Actual (Amount) | ' | 5,976 |
Actual (Ratio) | ' | 9.90% |
Minimum For Capital Requirement (Amount) | ' | 2,016 |
Minimum For Capital Requirement (Ratio) | ' | 4.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | 2,410 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | 5.00% |
Cabarrus Bank and Trust [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Actual (Amount) | ' | 12,879 |
Actual (Ratio) | ' | 15.50% |
Minimum For Capital Requirement (Amount) | ' | 6,668 |
Minimum For Capital Requirement (Ratio) | ' | 8.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | 8,335 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | 10.00% |
Actual (Amount) | ' | 11,834 |
Actual (Ratio) | ' | 14.20% |
Minimum For Capital Requirement (Amount) | ' | 3,334 |
Minimum For Capital Requirement (Ratio) | ' | 4.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | 5,001 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | 6.00% |
Actual (Amount) | ' | 11,834 |
Actual (Ratio) | ' | 9.00% |
Minimum For Capital Requirement (Amount) | ' | 5,001 |
Minimum For Capital Requirement (Ratio) | ' | 4.00% |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Amount) | ' | $5,225 |
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Ratio) | ' | 5.00% |
Shareholders_Equity_and_Regula3
Shareholders' Equity and Regulatory Matters - Additional Information (Detail) (USD $) | 0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||
Sep. 15, 2013 | Dec. 23, 2008 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 23, 2008 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 23, 2008 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2013 | |
Series A and Series B Preferred Stock [Member] | Preferred Stock Series A [Member] | Preferred Stock Series A [Member] | Preferred Stock Series B [Member] | Preferred Stock Series B [Member] | Preferred Stock Series B [Member] | Noncumulative Preferred Stock [Member] | Noncumulative Preferred Stock [Member] | Noncumulative Preferred Stock [Member] | Preferred Stock Series C [Member] | Preferred Stock Series C [Member] | ||||||
Bank of Stanly [Member] | Anson Bank and Trust [Member] | Cabarrus Bank and Trust [Member] | ||||||||||||||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares to sell under agreement | ' | ' | ' | ' | ' | ' | ' | 10,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Cumulative perpetual preferred stock redemption value | ' | ' | ' | ' | ' | ' | ' | $10,000,000 | ' | ' | $500,000 | ' | ' | ' | ' | ' |
Number of warrants Exercised under agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500 | ' | ' | ' | ' | ' |
Combined proceeds received for issuance | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior preferred cumulative dividends rate | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Initial period for lower rate of cumulative dividend | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred cumulative dividends rate after specific period | ' | ' | ' | ' | ' | ' | 9.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior preferred stock estimated redemption period, if redeemed with prior approval from federal reserve | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend rate | ' | ' | ' | ' | 5.30% | ' | ' | ' | 9.00% | 5.30% | ' | ' | ' | ' | 5.30% | 5.30% |
Net discount amortized | ' | ' | ' | 500,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock discount amortization period | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment to provide an avenue for investing portions of funds received | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,000,000 | 1,800,000 | 3,000,000 | ' | ' |
Sale | ' | ' | ' | ' | 7,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total net amount | ' | ' | ' | 10,542,000 | ' | ' | ' | ' | ' | 7,700,000 | ' | ' | ' | ' | ' | ' |
Total issuance Costs | ' | ' | ' | ' | 113,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Voting rights | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The preferred stock has no voting rights | ' | ' | ' | ' | 'The preferred stock has no voting rights | 'The preferred stock has no voting rights |
Sale | 2,800,000 | ' | ' | 2,800,000 | 7,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total issuance costs | ' | ' | 23,000 | 24,000 | 113,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share repurchased during period | ' | ' | ' | 10,500,000 | ' | 10,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reserve on deposit liabilities | ' | ' | ' | $3,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share repurchased during period | ' | ' | ' | 56,565 | 90,260 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock_Based_Compensation_Addit
Stock Based Compensation - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number of options outstanding | 92,491 | 92,491 | ' |
Options outstanding at an exercise price range | $5.35 | $5.35 | ' |
Options outstanding weighted average expected term | '10 months 17 days | ' | ' |
Exercisable options at an exercise price range | $5.35 | ' | ' |
Exercisable options | 92,491 | ' | ' |
Options granted under SOP II | ' | ' | ' |
Grant date fair value of stock options vested | $1.43 | $1.43 | $1.43 |
Unrecognized compensation cost | $0 | ' | ' |
Options exercised | ' | 0 | 0 |
1996 Incentive Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Share based compensation arrangement by share based payment award expiration period | '10 years | ' | ' |
Number of options outstanding | 80,131 | ' | ' |
SOP and SPP expiration year | '2006 | ' | ' |
Employee Stock Purchase Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Share based compensation arrangement by share based payment award expiration period | '2 years | ' | ' |
Number of options outstanding | 0 | ' | ' |
SOP and SPP expiration year | '2006 | ' | ' |
2006 Incentive Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number of options outstanding | 12,360 | ' | ' |
Share based compensation arrangement by share based payment award expiration period | '10 years | ' | ' |
Common stock reserved for future grants of options | 154,971 | ' | ' |
Options granted under SOP II | 0 | 0 | ' |
Employee Stock Purchase Plan II [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number of options outstanding | 0 | ' | ' |
Share based compensation arrangement by share based payment award expiration period | '2 years | ' | ' |
Common stock reserved for future grants of options | 103,234 | ' | ' |
Minimum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Options outstanding at an exercise price range | $5.34 | ' | ' |
Exercisable options at an exercise price range | $5.34 | ' | ' |
Minimum [Member] | 1996 Incentive Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
SOP vesting schedules | '3 years | ' | ' |
Minimum [Member] | 2006 Incentive Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
SOP vesting schedules | '3 years | ' | ' |
Maximum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Options outstanding at an exercise price range | $5.35 | ' | ' |
Exercisable options at an exercise price range | $5.35 | ' | ' |
Maximum [Member] | 1996 Incentive Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
SOP vesting schedules | '5 years | ' | ' |
Maximum [Member] | 2006 Incentive Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
SOP vesting schedules | '5 years | ' | ' |
Stock_Based_Compensation_Summa
Stock Based Compensation - Summary of Stock Option Activity (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' | ' |
Options outstanding at the beginning of the year, Shares | 92,491 | ' | ' |
Options granted, Shares | ' | ' | ' |
Options exercised, Shares | ' | 0 | 0 |
Forfeitures, Shares | ' | ' | ' |
Options outstanding at the end of the year, Shares | 92,491 | 92,491 | ' |
Options exercisable at the end of the year, Shares | 92,491 | ' | ' |
Options outstanding at the beginning of the year, Weighted Average Exercise Price | $5.35 | ' | ' |
Options granted, Weighted Average Exercise Price | ' | ' | ' |
Options exercised, Weighted Average Exercise Price | ' | ' | ' |
Forfeitures, Weighted Average Exercise Price | ' | ' | ' |
Options outstanding at the end of the year, Weighted Average Exercise Price | $5.35 | $5.35 | ' |
Options exercisable at the end of the year, Weighted Average Exercise Price | $5.35 | ' | ' |
Options outstanding at the beginning of the year, Aggregate Intrinsic value | ' | ' | ' |
Options outstanding at the end of the year, Aggregate Intrinsic value | ' | ' | ' |
Options exercisable at the end of the year, Aggregate Intrinsic value | ' | ' | ' |
Stock_Based_Compensation_Summa1
Stock Based Compensation - Summary of Status of Company's Non-vested Stock Option Grants (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' |
Non-vested Beginning Balance, Shares | 2,472 |
Granted, Shares | ' |
Vested, Shares | -2,472 |
Forfeited, Shares | ' |
Non-vested Ending Balance, Shares | ' |
Non-vested Beginning Balance, Weighted Average Grant Date Fair Value | $1.43 |
Granted, Weighted Average Grant Date Fair Value | ' |
Vested, Weighted Average Grant Date Fair Value | $1.43 |
Forfeited, Weighted Average Grant Date Fair Value | ' |
Non-vested Ending Balance, Weighted Average Grant Date Fair Value | ' |
Employee_and_Director_Benefit_1
Employee and Director Benefit Plans - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Sep. 30, 2010 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | |
Supplemental Executive Retirement Plan [Member] | Supplemental Executive Retirement Plan [Member] | Supplemental Executive Retirement Plan [Member] | Split-Dollar Life Insurance [Member] | Split-Dollar Life Insurance [Member] | Employee Stock Ownership Plan [Member] | Employee Stock Ownership Plan [Member] | Employee Stock Ownership Plan [Member] | Employee Stock Ownership Plan [Member] | Employee Stock Ownership Plan [Member] | Employee Stock Ownership Plan [Member] | Employee Stock Ownership Plan [Member] | Maximum [Member] | ||||
Participant | Line of Credit [Member] | Line of Credit [Member] | Line of Credit Two [Member] | Line of Credit Two [Member] | ||||||||||||
Pension Plans, Postretirement and Other Employee Benefits [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Eligible to make elective age | '18 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Associate minimum service period make elective deferrals | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Associate minimum hours of service period make elective deferrals | '1000 hours | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of employee deferrals vested | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual contribution to plan | $317,281 | $323,545 | $306,673 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee contributions | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined contribution plan maximum annual contribution per employee for first compensation slab percentage | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee contributions that excess compensation | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% |
Employee contributions are not in excess compensation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% |
Employee stock ownership plan purchased | ' | ' | ' | ' | ' | ' | ' | ' | 293,216 | ' | ' | ' | ' | ' | ' | ' |
Employee stock ownership plan purchased proceed from loan | ' | ' | ' | ' | ' | ' | ' | ' | 1,200,000 | ' | ' | ' | ' | ' | ' | ' |
Loan repayment, years | ' | ' | ' | ' | ' | ' | ' | ' | '18 years | ' | ' | ' | ' | ' | ' | ' |
Loan repaid, interest | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | ' | ' | ' | ' | ' | ' | ' |
Outstanding loan | ' | ' | ' | ' | ' | ' | ' | ' | 329,980 | ' | ' | ' | ' | ' | ' | ' |
Number of years cliff vesting schedule | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | ' | ' | ' |
Line of credit | 62,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | ' | 500,000 | ' |
Total unallocated shares purchased from the open market from advance proceeds | 56,565 | 90,260 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 151,563 | ' | 59,457 | ' | ' |
Advances under line of credit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 499,999 | ' | 159,750 | ' | ' |
Outstanding balance of loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 499,999 | ' | 159,750 | ' | ' |
Unused balance of line of credit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 340,250 | ' | ' |
Percentage of compensation | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' |
Expenses connection with ESOP | ' | ' | ' | ' | ' | ' | ' | ' | 223,283 | 209,434 | 219,657 | ' | ' | ' | ' | ' |
Shares held by ESOP | ' | ' | ' | ' | ' | ' | ' | ' | 480,639 | ' | ' | ' | ' | ' | ' | ' |
Liability set aside for total allocated shares, fair value | ' | ' | ' | ' | ' | ' | ' | ' | 1,700,000 | ' | ' | ' | ' | ' | ' | ' |
Shares unallocated | ' | ' | ' | ' | ' | ' | ' | ' | 259,891 | ' | ' | ' | ' | ' | ' | ' |
Shares unallocated with a fair value | ' | ' | ' | ' | ' | ' | ' | ' | 927,811 | ' | ' | ' | ' | ' | ' | ' |
Fixed monthly benefit payments | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision expensed for benefits | ' | ' | ' | 336,800 | 266,800 | 266,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liability accrued for compensation deferred under the plan | ' | ' | ' | 2,800,000 | 2,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision expensed for benefits due to new participants | ' | ' | ' | 70,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of participants | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest in cash surrender value of policies | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expense income associated with policies | ' | ' | ' | ' | ' | ' | $63,732 | $56,458 | ' | ' | ' | ' | ' | ' | ' | ' |
Fair_Values_of_Financial_Instr2
Fair Values of Financial Instruments and Interest Rate Risk - Comparison of Carrying Amounts and the Estimated Fair Value of the Financial Instruments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value Assets Liabilities Quantitative Information [Line Items] | ' | ' |
Securities available for sale | $100,280,000 | $91,638,000 |
Loans held for investment, net | 302,253,000 | 322,382,000 |
Loans held for sale | 1,139,000 | 5,373,000 |
Restricted stock | 717,000 | 1,500,000 |
Bank-owned life insurance | 6,516,000 | 6,394,000 |
Accrued interest receivable | 1,747,000 | 1,753,000 |
Deposits | 453,708,000 | 457,612,000 |
Short-term borrowings | 5,509,000 | 18,690,000 |
Accrued interest payable | 224,000 | 270,000 |
Carrying Value [Member] | ' | ' |
Fair Value Assets Liabilities Quantitative Information [Line Items] | ' | ' |
Cash and cash equivalents | 72,394,000 | 81,728,000 |
Securities available for sale | 100,280,000 | 91,638,000 |
Loans held for investment, net | 302,253,000 | 322,382,000 |
Loans held for sale | 1,139,000 | 5,373,000 |
Restricted stock | 1,184,000 | 2,265,000 |
Bank-owned life insurance | 6,516,000 | 6,394,000 |
Mortgage servicing rights | 2,356,000 | 2,394,000 |
Accrued interest receivable | 1,747,000 | 1,753,000 |
Deposits | 453,708,000 | 457,612,000 |
Short-term borrowings | 5,509,000 | 18,690,000 |
Long-term borrowings | 36,000 | 1,546,000 |
Junior subordinated debt | 11,127,000 | 11,127,000 |
Accrued interest payable | 224,000 | 270,000 |
Estimated Fair Value [Member] | ' | ' |
Fair Value Assets Liabilities Quantitative Information [Line Items] | ' | ' |
Cash and cash equivalents | 72,394,000 | 81,728,000 |
Securities available for sale | 100,280,000 | 91,638,000 |
Loans held for investment, net | 308,112,000 | 331,386,000 |
Loans held for sale | 1,139,000 | 5,373,000 |
Restricted stock | 1,184,000 | 2,265,000 |
Bank-owned life insurance | 6,516,000 | 6,394,000 |
Mortgage servicing rights | 3,085,000 | 2,394,000 |
Accrued interest receivable | 1,747,000 | 1,753,000 |
Deposits | 438,593,000 | 446,669,000 |
Short-term borrowings | 5,509,000 | 18,690,000 |
Long-term borrowings | 36,000 | 1,702,000 |
Junior subordinated debt | 11,271,000 | 11,268,000 |
Accrued interest payable | 224,000 | 270,000 |
Level 1 [Member] | ' | ' |
Fair Value Assets Liabilities Quantitative Information [Line Items] | ' | ' |
Cash and cash equivalents | 72,394,000 | 81,728,000 |
Securities available for sale | 21,286,000 | 19,576,000 |
Loans held for investment, net | ' | ' |
Loans held for sale | ' | ' |
Restricted stock | 1,184,000 | 2,265,000 |
Bank-owned life insurance | ' | ' |
Mortgage servicing rights | ' | ' |
Accrued interest receivable | ' | ' |
Deposits | ' | ' |
Short-term borrowings | ' | ' |
Long-term borrowings | ' | ' |
Junior subordinated debt | ' | ' |
Accrued interest payable | ' | ' |
Level 2 [Member] | ' | ' |
Fair Value Assets Liabilities Quantitative Information [Line Items] | ' | ' |
Cash and cash equivalents | ' | ' |
Securities available for sale | 78,994,000 | 72,062,000 |
Loans held for investment, net | ' | ' |
Loans held for sale | 1,139,000 | 5,373,000 |
Restricted stock | ' | ' |
Bank-owned life insurance | ' | ' |
Mortgage servicing rights | ' | ' |
Accrued interest receivable | ' | ' |
Deposits | ' | ' |
Short-term borrowings | 5,509,000 | 18,690,000 |
Long-term borrowings | 36,000 | 1,702,000 |
Junior subordinated debt | ' | ' |
Accrued interest payable | ' | ' |
Level 3 [Member] | ' | ' |
Fair Value Assets Liabilities Quantitative Information [Line Items] | ' | ' |
Cash and cash equivalents | ' | ' |
Securities available for sale | ' | ' |
Loans held for investment, net | 308,112,000 | 331,386,000 |
Loans held for sale | ' | ' |
Restricted stock | ' | ' |
Bank-owned life insurance | 6,516,000 | 6,394,000 |
Mortgage servicing rights | 3,085,000 | 2,394,000 |
Accrued interest receivable | 1,747,000 | 1,753,000 |
Deposits | 438,593,000 | 446,669,000 |
Short-term borrowings | ' | ' |
Long-term borrowings | ' | ' |
Junior subordinated debt | 11,271,000 | 11,268,000 |
Accrued interest payable | $224,000 | $270,000 |
Fair_Values_of_Financial_Instr3
Fair Values of Financial Instruments and Interest Rate Risk - Additional Information (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Fair Value Assets And Liabilities Measured On Recurring Basis [Abstract] | ' |
Short term borrowings due period | '1 year |
Current fair value of off-balance sheet financial instruments | $0 |
Fair_Values_of_Financial_Instr4
Fair Values of Financial Instruments and Interest Rate Risk - Fair Value Information for Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | $100,280 | $91,638 |
Level 1 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 21,286 | 19,576 |
Level 2 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 78,994 | 72,062 |
Level 3 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Fair Value on a Recurring Basis [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 100,280 | 91,638 |
Total liabilities at fair value | ' | ' |
Fair Value on a Recurring Basis [Member] | U.S. Treasury [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 21,286 | 19,576 |
Fair Value on a Recurring Basis [Member] | U.S. Government Agencies [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 34,300 | 22,174 |
Fair Value on a Recurring Basis [Member] | Mortgage-Backed Securities [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 37,006 | 41,022 |
Fair Value on a Recurring Basis [Member] | State and Political Subdivisions [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 7,688 | 8,866 |
Fair Value on a Recurring Basis [Member] | Level 1 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 21,286 | 19,576 |
Total liabilities at fair value | ' | ' |
Fair Value on a Recurring Basis [Member] | Level 1 [Member] | U.S. Treasury [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 21,286 | 19,576 |
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 78,994 | 72,062 |
Total liabilities at fair value | ' | ' |
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | U.S. Government Agencies [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 34,300 | 22,174 |
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Mortgage-Backed Securities [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 37,006 | 41,022 |
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | State and Political Subdivisions [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 7,688 | 8,866 |
Fair Value on a Recurring Basis [Member] | Level 3 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total liabilities at fair value | ' | ' |
Fair_Values_of_Financial_Instr5
Fair Values of Financial Instruments and Interest Rate Risk - Assets Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | $100,280 | $91,638 |
Level 1 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 21,286 | 19,576 |
Level 2 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | 78,994 | 72,062 |
Level 3 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Total assets at fair value | ' | ' |
Fair Value on a Nonrecurring Basis [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 5,903 | 8,640 |
Loans held for sale | 1,139 | 5,373 |
Other real estate owned | 3,533 | 5,596 |
Total assets at fair value | 10,575 | 19,609 |
Total liabilities at fair value | ' | ' |
Fair Value on a Nonrecurring Basis [Member] | Level 1 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | ' | ' |
Loans held for sale | ' | ' |
Other real estate owned | ' | ' |
Total assets at fair value | ' | ' |
Total liabilities at fair value | ' | ' |
Fair Value on a Nonrecurring Basis [Member] | Level 2 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | ' | ' |
Loans held for sale | 1,139 | 5,373 |
Other real estate owned | ' | ' |
Total assets at fair value | 1,139 | 5,373 |
Total liabilities at fair value | ' | ' |
Fair Value on a Nonrecurring Basis [Member] | Level 3 [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 5,903 | 8,640 |
Loans held for sale | ' | ' |
Other real estate owned | 3,533 | 5,596 |
Total assets at fair value | 9,436 | 14,236 |
Total liabilities at fair value | ' | ' |
Fair_Values_of_Financial_Instr6
Fair Values of Financial Instruments and Interest Rate Risk - Quantitative Information about Level 3 Fair Value Measurements (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
OREO [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Valuation Technique | 'Discounted appraisals |
Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Valuation Technique | 'Discounted appraisals |
Fair Value on a Nonrecurring Basis [Member] | Minimum [Member] | OREO [Member] | Level 3 [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair value inputs discount rate and estimated costs to sell | 0.00% |
Fair Value on a Nonrecurring Basis [Member] | Minimum [Member] | Impaired Loans [Member] | Level 3 [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair value inputs discount rate and estimated costs to sell | 0.00% |
Fair Value on a Nonrecurring Basis [Member] | Maximum [Member] | OREO [Member] | Level 3 [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair value inputs discount rate and estimated costs to sell | 10.00% |
Fair Value on a Nonrecurring Basis [Member] | Maximum [Member] | Impaired Loans [Member] | Level 3 [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair value inputs discount rate and estimated costs to sell | 30.00% |
Parent_Company_Financial_Data_1
Parent Company Financial Data - Condensed Balance Sheets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Consolidated [Member] | Consolidated [Member] | |||
ASSETS | ' | ' | ' | ' | ' |
Cash and demand deposits with bank subsidiaries | $7,947 | $8,877 | ' | $1,858 | $300 |
Interest-earning deposits with bank subsidiaries | 64,447 | 72,851 | ' | 3,998 | 6,217 |
Investments in: | ' | ' | ' | ' | ' |
Bank subsidiaries | ' | ' | ' | 39,176 | 50,677 |
Nonbank subsidiaries | ' | ' | ' | 618 | 836 |
Other assets | 10,856 | 9,809 | ' | 1,229 | 3,237 |
Total assets | 517,320 | 545,007 | ' | 46,879 | 61,627 |
Liabilities and shareholders' equity | ' | ' | ' | ' | ' |
Master notes | ' | ' | ' | 3,998 | 5,451 |
Junior subordinated debentures | ' | ' | ' | 11,127 | 11,127 |
Other liabilities | 4,491 | 11,449 | ' | 71 | 376 |
Total liabilities | 475,095 | 500,694 | ' | 15,196 | 16,954 |
Redeemable common stock held by the Employee Stock Ownership Plan (ESOP) | ' | ' | ' | 1,716 | 1,584 |
Shareholders' equity | 29,967 | 42,729 | 43,493 | 29,967 | 42,729 |
Total liabilities and shareholders' equity | $517,320 | $545,007 | ' | $46,879 | $61,267 |
Parent_Company_Financial_Data_2
Parent Company Financial Data - Condensed Statements of Income (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed Income Statements, Captions [Line Items] | ' | ' | ' |
Other income | $971 | $748 | $271 |
Interest expense | -2,734 | -3,698 | -4,737 |
Other operating expense | -2,484 | -2,765 | -2,606 |
Income tax benefit | 342 | 365 | 196 |
Net income | 954 | 404 | 900 |
Net income | 954 | 404 | 900 |
Less: Net income attributable to noncontrolling interest | -478 | ' | ' |
Net income attributable to Uwharrie Capital Corp | 476 | 404 | 900 |
Dividends on preferred stock | -325 | -645 | -645 |
Net Income (loss) available to common shareholders | 151 | -241 | 255 |
Net income (loss) per common share | ' | ' | ' |
Basic | $0.02 | ($0.03) | $0.03 |
Diluted | $0.02 | ($0.03) | $0.03 |
Weighted average common shares outstanding | ' | ' | ' |
Basic | 7,276,751 | 7,371,667 | 7,467,396 |
Diluted | 7,276,751 | 7,371,667 | 7,467,396 |
Consolidated [Member] | ' | ' | ' |
Condensed Income Statements, Captions [Line Items] | ' | ' | ' |
Equity in earnings of subsidiaries | 1,666 | 1,100 | 1,649 |
Interest income | 21 | 41 | 64 |
Management and service fees | 4,347 | 6,937 | 6,689 |
Other income | 166 | 102 | 104 |
Interest expense | -659 | -670 | -674 |
Other operating expense | -4,881 | -7,428 | -7,304 |
Income tax benefit | 294 | 322 | 372 |
Net income | 954 | 404 | 900 |
Net income | 954 | 404 | 900 |
Less: Net income attributable to noncontrolling interest | -478 | ' | ' |
Net income attributable to Uwharrie Capital Corp | 476 | 404 | 900 |
Dividends on preferred stock | -325 | -645 | -645 |
Net Income (loss) available to common shareholders | $151 | ($241) | $255 |
Net income (loss) per common share | ' | ' | ' |
Basic | $0.02 | ($0.03) | $0.03 |
Diluted | $0.02 | ($0.03) | $0.03 |
Weighted average common shares outstanding | ' | ' | ' |
Basic | 7,276,751 | 7,371,667 | 7,467,396 |
Diluted | 7,276,751 | 7,371,667 | 7,467,396 |
Parent_Company_Financial_Data_3
Parent Company Financial Data - Condensed Statements of Cash Flows (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities | ' | ' | ' |
Net income attributable to Uwharrie Capital Corp | $476 | $404 | $900 |
adjustments to reconcile net income to net cash used by operating activities: | ' | ' | ' |
(Increase) decrease in other assets | -810 | -3,732 | -1,910 |
Increase (decrease) in other liabilities | 424 | 431 | 621 |
Net cash provided (used) by operating activities | 9,207 | -420 | 10,273 |
Cash flows from investing activities | ' | ' | ' |
Net cash provided by investing activities | 8,474 | 35,505 | 16,710 |
Cash flows from financing activities | ' | ' | ' |
Net proceeds from issuance of junior subordinated debentures | ' | ' | 1,962 |
Repurchase of common stock | -169 | -304 | ' |
Repayment of series A preferred stock | -10,500 | ' | -730 |
Increase in unearned ESOP compensation | -208 | -190 | -161 |
Net cash used by financing activities | -27,015 | 17,956 | -11,920 |
Net decrease in cash and cash equivalents | -9,334 | 53,041 | 15,063 |
Cash and cash equivalents, beginning of year | 81,728 | 28,687 | 13,624 |
Cash and cash equivalents, end of year | 72,394 | 81,728 | 28,687 |
Consolidated [Member] | ' | ' | ' |
Cash flows from operating activities | ' | ' | ' |
Net income attributable to Uwharrie Capital Corp | 476 | 404 | 900 |
adjustments to reconcile net income to net cash used by operating activities: | ' | ' | ' |
Equity in earnings of subsidiaries | -1,666 | -1,100 | -1,649 |
(Increase) decrease in other assets | 2,298 | -734 | -203 |
Increase (decrease) in other liabilities | -305 | -97 | 131 |
Net cash provided (used) by operating activities | 1,281 | -1,527 | -821 |
Cash flows from investing activities | ' | ' | ' |
Dividends received from subsidiaries | 2,719 | ' | ' |
Net cash provided by investing activities | 2,719 | ' | ' |
Cash flows from financing activities | ' | ' | ' |
Net increase (decrease) in master notes | -1,453 | -757 | -2,386 |
Net proceeds from issuance of junior subordinated debentures | ' | ' | 1,232 |
Repurchase of common stock | -169 | ' | ' |
Preferred stock purchased from bank subsidiaries | 7,800 | ' | ' |
Increase in unearned ESOP compensation | -114 | -103 | -161 |
Dividends on preferred stock | -225 | -545 | -545 |
Net cash used by financing activities | -4,661 | -1,405 | -1,860 |
Net decrease in cash and cash equivalents | -661 | -2,932 | -2,681 |
Cash and cash equivalents, beginning of year | 6,517 | 9,449 | 12,130 |
Cash and cash equivalents, end of year | 5,856 | 6,517 | 9,449 |
Consolidated [Member] | Preferred Stock Series A [Member] | ' | ' | ' |
Cash flows from financing activities | ' | ' | ' |
Repayment of series A preferred stock | ($10,500) | ' | ' |