Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 16, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'HMN FINANCIAL INC | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 4,424,349 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000921183 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Consolidated_Balance_Sheets_Cu
Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and cash equivalents | $57,652 | $83,660 |
Securities available for sale: | ' | ' |
Mortgage-backed and related securities (amortized cost $5,625 and $9,825) | 5,973 | 10,421 |
Other marketable securities (amortized cost $84,800 and $75,759) | 83,714 | 75,470 |
89,687 | 85,891 | |
Loans held for sale | 1,180 | 2,584 |
Loans receivable, net | 393,322 | 454,045 |
Accrued interest receivable | 1,817 | 2,018 |
Real estate, net | 8,899 | 10,595 |
Federal Home Loan Bank stock, at cost | 784 | 4,063 |
Mortgage servicing rights, net | 1,769 | 1,732 |
Premises and equipment, net | 6,726 | 7,173 |
Prepaid expenses and other assets | 729 | 1,566 |
Total assets | 562,565 | 653,327 |
Liabilities and Stockholders’ Equity | ' | ' |
Deposits | 485,921 | 514,951 |
Federal Home Loan Bank advances | 0 | 70,000 |
Accrued interest payable | 127 | 247 |
Customer escrows | 1,328 | 830 |
Accrued expenses and other liabilities | 7,813 | 6,465 |
Total liabilities | 495,189 | 592,493 |
Commitments and contingencies | ' | ' |
Stockholders’ equity: | ' | ' |
Serial preferred stock: ($.01 par value) authorized 500,000 shares; issued shares 26,000 | 25,778 | 25,336 |
Common stock ($.01 par value): authorized 16,000,000; issued shares 9,128,662 | 91 | 91 |
Additional paid-in capital | 51,638 | 51,795 |
Retained earnings, subject to certain restrictions | 54,488 | 47,004 |
Accumulated other comprehensive loss | -1,094 | -49 |
Unearned employee stock ownership plan shares | -2,852 | -2,997 |
Treasury stock, at cost 4,735,589 and 4,705,073 shares | -60,673 | -60,346 |
Total stockholders’ equity | 67,376 | 60,834 |
Total liabilities and stockholders’ equity | $562,565 | $653,327 |
Consolidated_Balance_Sheets_Cu1
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Mortgage-backed and related securities - amortized cost (in Dollars) | $5,625 | $9,825 |
Other marketable securities amortized cost (in Dollars) | $84,800 | $75,759 |
Serial preferred stock, shares authorized (in Shares) | 500,000 | 500,000 |
Serial preferred stock, shares issued (in Shares) | 26,000 | 26,000 |
Common stock shares authorized (in Shares) | 16,000,000 | 16,000,000 |
Common stock shares issued (in Shares) | 9,128,662 | 9,128,662 |
Treasury stock, shares (in Shares) | 4,735,589 | 4,705,073 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Interest income: | ' | ' | ' | ' |
Loans receivable | $5,492 | $7,208 | $17,023 | $22,527 |
Securities available for sale: | ' | ' | ' | ' |
Mortgage-backed and related | 66 | 133 | 242 | 490 |
Other marketable | 156 | 160 | 443 | 601 |
Cash equivalents | 12 | 25 | 80 | 71 |
Other | 3 | 25 | 51 | 89 |
Total interest income | 5,729 | 7,551 | 17,839 | 23,778 |
Interest expense: | ' | ' | ' | ' |
Deposits | 404 | 804 | 1,426 | 3,082 |
Federal Home Loan Bank advances | 0 | 855 | 1,485 | 2,544 |
Total interest expense | 404 | 1,659 | 2,911 | 5,626 |
Net interest income | 5,325 | 5,892 | 14,928 | 18,152 |
Provision for loan losses | -4,330 | 1,584 | -4,850 | 2,544 |
Net interest income after provision for loan losses | 9,655 | 4,308 | 19,778 | 15,608 |
Non-interest income: | ' | ' | ' | ' |
Fees and service charges | 929 | 821 | 2,601 | 2,484 |
Mortgage servicing fees | 267 | 245 | 772 | 713 |
Gain on sales of loans | 433 | 940 | 1,813 | 2,469 |
Gain on sale of branch office | 0 | 0 | 0 | 552 |
Other | 194 | 110 | 498 | 398 |
Total non-interest income | 1,823 | 2,116 | 5,684 | 6,616 |
Non-interest expense: | ' | ' | ' | ' |
Compensation and benefits | 3,009 | 2,955 | 9,188 | 9,587 |
(Gain) loss on real estate owned | -282 | -172 | -607 | -75 |
Occupancy | 867 | 805 | 2,543 | 2,526 |
Deposit insurance | 172 | 353 | 680 | 928 |
Data processing | 313 | 333 | 968 | 1,006 |
Other | 1,207 | 1,513 | 3,878 | 4,416 |
Total non-interest expense | 5,286 | 5,787 | 16,650 | 18,388 |
Income before income tax expense | 6,192 | 637 | 8,812 | 3,836 |
Income tax expense | 158 | 0 | 238 | 0 |
Net income | 6,034 | 637 | 8,574 | 3,836 |
Preferred stock dividends and discount | -523 | -467 | -1,546 | -1,392 |
Net income for common shareholders | 5,511 | 170 | 7,028 | 2,444 |
Other comprehensive income (loss), net of tax | 473 | -77 | -1,045 | -349 |
Comprehensive income attributable to common shareholders | $5,984 | $93 | $5,983 | $2,095 |
Basic earnings per common share (in Dollars per share) | $1.38 | $0.04 | $1.76 | $0.62 |
Diluted earnings per common share (in Dollars per share) | $1.27 | $0.04 | $1.65 | $0.61 |
Consolidated_Statement_of_Stoc
Consolidated Statement of Stockholders' Equity (USD $) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Unearned Employee Stock Ownership Plan Shares [Member] | Treasury Stock [Member] | Total |
In Thousands | ||||||||
Balance, at Dec. 31, 2012 | $25,336 | $91 | $51,795 | $47,004 | ($49) | ($2,997) | ($60,346) | $60,834 |
Net income | ' | ' | ' | 8,574 | ' | ' | ' | 8,574 |
Other comprehensive loss | ' | ' | ' | ' | -1,045 | ' | ' | -1,045 |
Preferred stock discount amortization | 442 | ' | -442 | ' | ' | ' | ' | 0 |
Stock compensation tax benefits | ' | ' | 3 | ' | ' | ' | ' | 3 |
Restricted stock awards forfeited | ' | ' | 208 | ' | ' | ' | -327 | -119 |
Amortization of restricted stock awards | ' | ' | 101 | ' | ' | ' | ' | 101 |
Preferred stock dividends accrued | ' | ' | ' | -1,090 | ' | ' | ' | -1,090 |
Earned employee stock ownership plan shares | ' | ' | -27 | ' | ' | 145 | ' | 118 |
Balance, at Sep. 30, 2013 | $25,778 | $91 | $51,638 | $54,488 | ($1,094) | ($2,852) | ($60,673) | $67,376 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Cash flows from operating activities: | ' | ' |
Net income | $8,574,000 | $3,836,000 |
Adjustments to reconcile net income to cash provided by operating activities: | ' | ' |
Provision for loan losses | -4,850,000 | 2,544,000 |
Depreciation | 751,000 | 833,000 |
Amortization of premiums, net | 67,000 | 79,000 |
Amortization of deferred loan fees | -238,000 | -359,000 |
Amortization of mortgage servicing rights, net | 463,000 | 548,000 |
Capitalized mortgage servicing rights | -500,000 | -643,000 |
Gain on sales of real estate | -607,000 | -75,000 |
Gain on sales of loans | -1,813,000 | -2,469,000 |
Proceeds from sale of loans held for sale | 74,298,000 | 91,025,000 |
Disbursements on loans held for sale | -60,407,000 | -81,510,000 |
Amortization of restricted stock awards | 101,000 | 183,000 |
Amortization of unearned ESOP shares | 145,000 | 146,000 |
Cancellation of vested restricted stock awards | -119,000 | 0 |
Earned employee stock ownership shares priced below original cost | -27,000 | -59,000 |
Stock option compensation | 3,000 | 6,000 |
Decrease in accrued interest receivable | 201,000 | 314,000 |
Decrease in accrued interest payable | -120,000 | -543,000 |
Decrease in other assets | 830,000 | 572,000 |
Increase (decrease) in other liabilities | 251,000 | -1,375,000 |
Other, net | 221,000 | 114,000 |
Net cash provided by operating activities | 17,224,000 | 13,167,000 |
Cash flows from investing activities: | ' | ' |
Principal collected on securities available for sale | 4,206,000 | 7,963,000 |
Proceeds collected on maturities of securities available for sale | 11,000,000 | 103,000,000 |
Purchases of securities available for sale | -20,092,000 | -44,037,000 |
Redemption of Federal Home Loan Bank Stock | 3,279,000 | 159,000 |
Proceeds from sales of real estate and premises | 3,655,000 | 5,870,000 |
Net decrease in loans receivable | 53,583,000 | 69,693,000 |
Gain on sale of branch office | 0 | -552,000 |
Payment on sale of branch office | 0 | -36,981,000 |
Purchases of premises and equipment | -310,000 | -221,000 |
Net cash provided by investing activities | 55,321,000 | 104,894,000 |
Cash flows from financing activities: | ' | ' |
Decrease in deposits | -29,051,000 | -109,992,000 |
Proceeds from borrowings | 12,000,000 | 0 |
Repayment of borrowings | -82,000,000 | 0 |
Increase in customer escrows | 498,000 | 491,000 |
Net cash used by financing activities | -98,553,000 | -109,501,000 |
(Decrease) increase in cash and cash equivalents | -26,008,000 | 8,560,000 |
Cash and cash equivalents, beginning of period | 83,660,000 | 67,840,000 |
Cash and cash equivalents, end of period | 57,652,000 | 76,400,000 |
Supplemental cash flow disclosures: | ' | ' |
Cash paid for interest | 3,031,000 | 6,169,000 |
Cash paid for income taxes | 205,000 | 10,000 |
Supplemental noncash flow disclosures: | ' | ' |
Transfer of loans to real estate | 1,563,000 | 1,895,000 |
Loans transferred to loans held for sale | $10,665,000 | $7,955,000 |
Note_1_HMN_Financial_Inc
Note 1 - HMN Financial, Inc. | 9 Months Ended |
Sep. 30, 2013 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
(1) HMN Financial, Inc. | |
HMN Financial, Inc. (HMN or the Company) is a stock savings bank holding company that owns 100 percent of Home Federal Savings Bank (the Bank). The Bank has a community banking philosophy and operates retail banking and loan production offices in Minnesota and Iowa. The Bank has one wholly owned subsidiary, Osterud Insurance Agency, Inc. (OIA), which offers financial planning products and services. HMN has another wholly owned subsidiary, Security Finance Corporation (SFC), which is currently not actively engaged in any activities. | |
The consolidated financial statements included herein are for HMN, SFC, the Bank and OIA. All significant intercompany accounts and transactions have been eliminated in consolidation. |
Note_2_Basis_of_Preparation
Note 2 - Basis of Preparation | 9 Months Ended |
Sep. 30, 2013 | |
Disclosure Text Block [Abstract] | ' |
Basis of Accounting [Text Block] | ' |
(2) Basis of Preparation | |
The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and therefore, do not include all disclosures necessary for a complete presentation of the consolidated balance sheets, consolidated statements of comprehensive income, consolidated statement of stockholders' equity and consolidated statements of cash flows in conformity with U.S. generally accepted accounting principles. However, all normal recurring adjustments which are, in the opinion of management, necessary for the fair presentation of the interim financial statements have been included. The results of operations for the nine-month period ended September 30, 2013 are not necessarily indicative of the results which may be expected for the entire year. |
Note_3_New_Accounting_Standard
Note 3 - New Accounting Standards | 9 Months Ended |
Sep. 30, 2013 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | ' |
(3) New Accounting Standards | |
In January 2013, the Financial Accounting Standards Board (the FASB) issued ASU 2013-01, Balance Sheet (Topic 210). The objective of this ASU is to clarify that the scope of ASU 2011-11, Balance Sheet (Topic 210), applies to derivatives including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or are subject to a master netting arrangement or similar agreement. This ASU is the final version of proposed ASU 2011-11, Balance Sheet (Topic 210), which has been deleted. An entity is required to apply the amendments for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. The adoption of this ASU did not have any impact on the Company’s consolidated financial statements as the Company has no outstanding rights of setoff. | |
In February 2013, the FASB issued ASU 2013-02, Other Comprehensive Income (Topic 220). The amendments in the ASU supersede and replace the presentation requirements of reclassifications out of accumulated other comprehensive income in ASUs 2011-05 (issued in June 2011) and 2011-12 (issued in December 2011) for all public and private organizations. The amendments require an entity to provide additional information about reclassifications out of accumulated other comprehensive income. For public entities, the amendments are effective prospectively for reporting periods beginning after December 15, 2012. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. |
Note_4_Derivative_Instruments_
Note 4 - Derivative Instruments and Hedging Activities | 9 Months Ended |
Sep. 30, 2013 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' |
(4) Derivative Instruments and Hedging Activities | |
The Company has commitments outstanding to extend credit to future borrowers that have not closed prior to the end of the quarter. The Company intends to sell these commitments, which are referred to as its “mortgage pipeline.” As commitments to originate loans enter the mortgage pipeline, the Company generally enters into commitments to sell the mortgage pipeline into the secondary market on a firm commitment or best efforts basis. The commitments to originate, purchase or sell loans on a firm commitment basis are derivatives. As a result of marking to market the mortgage pipeline and the related firm commitments to sell at September 30, 2013, the Company recorded an increase in other assets of $22,000 and an increase in other liabilities of $22,000. | |
The current commitments to sell loans held for sale are derivatives that do not qualify for hedge accounting. As a result, these derivatives are marked to market and the related loans held for sale are recorded at the lower of cost or market. The Company recorded an increase in other liabilities of $25,000 and a loss included in the gain on sales of loans of $25,000 at ended September 30, 2013. |
Note_5_Fair_Value_Measurements
Note 5 - Fair Value Measurements | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||||||||||
(5) Fair Value Measurements | |||||||||||||||||||||||||
ASC 820, Fair Value Measurements establishes a framework for measuring the fair value of assets and liabilities using a hierarchy system consisting of three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: | |||||||||||||||||||||||||
Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets that the Company has the ability to access. | |||||||||||||||||||||||||
Level 2 - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which significant assumptions are observable in the market. | |||||||||||||||||||||||||
Level 3 – Valuation is generated from model-based techniques that use significant assumptions not observable in the market and are used only to the extent that observable inputs are not available. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. | |||||||||||||||||||||||||
The following table summarizes the assets and liabilities of the Company for which fair values are determined on a recurring basis as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||
Carrying value at September 30, 2013 | |||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Securities available for sale | $ | 89,687 | 0 | 89,687 | 0 | ||||||||||||||||||||
Mortgage loan commitments | 22 | 0 | 22 | 0 | |||||||||||||||||||||
Total | $ | 89,709 | 0 | 89,709 | 0 | ||||||||||||||||||||
Carrying value at December 31, 2012 | |||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Securities available for sale | $ | 85,891 | 81 | 85,810 | 0 | ||||||||||||||||||||
Mortgage loan commitments | 27 | 0 | 27 | 0 | |||||||||||||||||||||
Total | $ | 85,918 | 81 | 85,837 | 0 | ||||||||||||||||||||
There were no transfers between Levels 1, 2, or 3 during the three or nine month periods ended September 30, 2013. | |||||||||||||||||||||||||
The Company may also be required, from time to time, to measure certain other financial assets at fair value on a nonrecurring basis in accordance with generally accepted accounting principles. These adjustments to fair value usually result from the application of the lower-of-cost-or-market accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis in the third quarter of 2013 that were still held at September 30, 2013, the following table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||
Carrying value at September 30, 2013 | |||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Three months ended | Nine months ended | |||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||
Total gains (losses) | Total gains (losses) | ||||||||||||||||||||||||
Loans held for sale | $ | 1,180 | 0 | 1,180 | 0 | 48 | 10 | ||||||||||||||||||
Mortgage servicing rights | 1,769 | 0 | 1,769 | 0 | 0 | 0 | |||||||||||||||||||
Loans (1) | 21,585 | 0 | 21,585 | 0 | 614 | (4,252 | ) | ||||||||||||||||||
Real estate, net (2) | 8,899 | 0 | 8,899 | 0 | (14 | ) | (327 | ) | |||||||||||||||||
Total | $ | 33,433 | 0 | 33,433 | 0 | 648 | (4,569 | ) | |||||||||||||||||
Carrying value at December 31, 2012 | |||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Year ended | ||||||||||||||||||||
December 31, 2012 Total gains (losses) | |||||||||||||||||||||||||
Loans held for sale | $ | 2,584 | 0 | 2,584 | 0 | 15 | |||||||||||||||||||
Mortgage servicing rights | 1,732 | 0 | 1,732 | 0 | 0 | ||||||||||||||||||||
Loans (1) | 32,287 | 0 | 32,287 | 0 | (2,307 | ) | |||||||||||||||||||
Real estate, net (2) | 10,595 | 0 | 10,595 | 0 | (569 | ) | |||||||||||||||||||
Total | $ | 47,198 | 0 | 47,198 | 0 | (2,861 | ) | ||||||||||||||||||
-1 | Represents the carrying value and related specific reserves on loans for which adjustments are based on the appraised value of the collateral. The carrying value of loans fully charged-off is zero. | ||||||||||||||||||||||||
-2 | Represents the fair value and related losses of foreclosed real estate and other collateral owned that were measured at fair value subsequent to their initial classification as foreclosed assets. | ||||||||||||||||||||||||
Note_6_Fair_Value_of_Financial
Note 6 - Fair Value of Financial Instruments | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Financial Instruments Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
(6) Fair Value of Financial Instruments | |||||||||||||||||||||||||||||||||||||||||||||||||
Generally accepted accounting principles require interim reporting period disclosure about the fair value of financial instruments, including assets, liabilities and off-balance sheet items for which it is practicable to estimate fair value. The fair value hierarchy level for each asset and liability, as defined in note 5, have been included in the following table for September 30, 2013. The fair value estimates are made based upon relevant market information, if available, and upon the characteristics of the financial instruments themselves. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based upon judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. The estimated fair value of the Company’s financial instruments as of September 30, 2013 and December 31, 2012 are shown below. | |||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hierarchy | Fair value hierarchy | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Carrying | Estimated | Level 1 | Level 2 | Level 3 | Contract | Carrying | Estimated | Level 1 | Level 2 | Level 3 | Contract amount | |||||||||||||||||||||||||||||||||||||
amount | fair value | amount | amount | fair value | |||||||||||||||||||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 57,652 | 57,652 | 57,652 | 0 | 0 | 83,660 | 83,660 | 83,660 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||
Securities available for sale | 89,687 | 89,687 | 0 | 89,687 | 0 | 85,891 | 85,891 | 81 | 85,810 | 0 | |||||||||||||||||||||||||||||||||||||||
Loans held for sale | 1,180 | 1,180 | 0 | 1,180 | 0 | 2,584 | 2,584 | 0 | 2,584 | 0 | |||||||||||||||||||||||||||||||||||||||
Loans receivable, net | 393,322 | 397,827 | 0 | 397,827 | 0 | 454,045 | 459,177 | 0 | 459,177 | 0 | |||||||||||||||||||||||||||||||||||||||
Accrued interest receivable | 1,817 | 1,817 | 0 | 1,817 | 0 | 2,018 | 2,018 | 0 | 2,018 | 0 | |||||||||||||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | 485,921 | 485,921 | 0 | 485,921 | 0 | 514,951 | 514,951 | 0 | 514,951 | 0 | |||||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank advances | 0 | 0 | 0 | 0 | 0 | 70,000 | 71,623 | 0 | 71,623 | 0 | |||||||||||||||||||||||||||||||||||||||
Accrued interest payable | 127 | 127 | 0 | 127 | 0 | 247 | 247 | 0 | 247 | 0 | |||||||||||||||||||||||||||||||||||||||
Off-balance sheet financial instruments: | |||||||||||||||||||||||||||||||||||||||||||||||||
Commitments to extend credit | 22 | 22 | 119,398 | 27 | 27 | 84,877 | |||||||||||||||||||||||||||||||||||||||||||
Commitments to sell loans | (46 | ) | (46 | ) | 2,533 | (40 | ) | (40 | ) | 7,046 | |||||||||||||||||||||||||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||
The carrying amount of cash and cash equivalents approximates their fair value. | |||||||||||||||||||||||||||||||||||||||||||||||||
Securities Available for Sale | |||||||||||||||||||||||||||||||||||||||||||||||||
The fair values of securities were based upon quoted market prices for identical or similar instruments in active markets. | |||||||||||||||||||||||||||||||||||||||||||||||||
Loans Held for Sale | |||||||||||||||||||||||||||||||||||||||||||||||||
The fair values of loans held for sale were based upon quoted market prices for loans with similar interest rates and terms to maturity. | |||||||||||||||||||||||||||||||||||||||||||||||||
Loans Receivable, net | |||||||||||||||||||||||||||||||||||||||||||||||||
The fair value of the loan portfolio, with the exception of the adjustable rate portfolio, was calculated by discounting the scheduled cash flows through the estimated maturity using anticipated prepayment speeds and using discount rates that reflect the credit and interest rate risk inherent in each loan portfolio. The fair value of the adjustable loan portfolio was estimated by grouping the loans with similar characteristics and comparing the characteristics of each group to the prices quoted for similar types of loans in the secondary market. This method of estimating fair value does not incorporate the exit-price concept of fair value perscribed by ASC 820, Fair Value Measurements and Disclosures. | |||||||||||||||||||||||||||||||||||||||||||||||||
Accrued Interest Receivable | |||||||||||||||||||||||||||||||||||||||||||||||||
The carrying amount of accrued interest receivable approximates its fair value since it is short-term in nature and does not present unanticipated credit concerns. | |||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | |||||||||||||||||||||||||||||||||||||||||||||||||
The fair value of demand deposits, savings accounts and certain money market account deposits is the amount payable on demand at the reporting date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. If the fair value of the fixed maturity certificates of deposit is calculated at less than the carrying amount, the carrying value of these deposits is reported as the fair value. | |||||||||||||||||||||||||||||||||||||||||||||||||
The fair value estimate for deposits does not include the benefit that results from the low cost funding provided by the Company's existing deposits and long-term customer relationships compared to the cost of obtaining different sources of funding. This benefit is commonly referred to as the core deposit intangible. | |||||||||||||||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank Advances | |||||||||||||||||||||||||||||||||||||||||||||||||
The fair values of advances with fixed maturities are estimated based on discounted cash flow analysis using as discount rates the interest rates charged by the FHLB for borrowings of similar remaining maturities. | |||||||||||||||||||||||||||||||||||||||||||||||||
Accrued Interest Payable | |||||||||||||||||||||||||||||||||||||||||||||||||
The carrying amount of accrued interest payable approximates its fair value since it is short-term in nature. | |||||||||||||||||||||||||||||||||||||||||||||||||
Commitments to Extend Credit | |||||||||||||||||||||||||||||||||||||||||||||||||
The fair values of commitments to extend credit are estimated using the fees normally charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counter parties. | |||||||||||||||||||||||||||||||||||||||||||||||||
Commitments to Sell Loans | |||||||||||||||||||||||||||||||||||||||||||||||||
The fair values of commitments to sell loans are estimated using the quoted market prices for loans with similar interest rates and terms to maturity. |
Note_7_Comprehensive_Income_Lo
Note 7 - Comprehensive Income (Loss) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||||||||||||||||||
(7) Comprehensive Income (Loss) | |||||||||||||||||||||||||
Other comprehensive income (loss) is defined as the change in equity during a period from transactions and other events from nonowner sources. Comprehensive income (loss) is the total of net income (loss) and other comprehensive income (loss), which for the Company is comprised of unrealized gains and losses on securities available for sale. The components of other comprehensive income (loss) and the related tax effects for the quarter and nine-months ended September 30, 2013 and 2012 were as follows: | |||||||||||||||||||||||||
For the three months ended September 30, | |||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||
Securities available for sale: | Before tax | Tax effect | Net of tax | Before tax | Tax effect | Net of tax | |||||||||||||||||||
Net unrealized gains (losses) arising during the period | $ | 473 | 0 | 473 | (77 | ) | 0 | (77 | ) | ||||||||||||||||
Other comprehensive income (loss) | $ | 473 | 0 | 473 | (77 | ) | 0 | (77 | ) | ||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||
Securities available for sale: | Before tax | Tax effect | Net of tax | Before tax | Tax effect | Net of tax | |||||||||||||||||||
Net unrealized losses arising during the period | $ | (1,045 | ) | 0 | (1,045 | ) | (349 | ) | 0 | (349 | ) | ||||||||||||||
Other comprehensive loss | $ | (1,045 | ) | 0 | (1,045 | ) | (349 | ) | 0 | (349 | ) | ||||||||||||||
There is no tax effect shown in the above schedule at September 30, 2013 or 2012 since no regular income tax expense was recorded during these periods. |
Note_8_Securities_Available_Fo
Note 8 - Securities Available For Sale | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||
(8) Securities Available For Sale | |||||||||||||||||||||||||||||||||
The following table shows the gross unrealized losses and fair value for the securities available for sale portfolio, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Less than twelve months | Twelve months or more | Total | |||||||||||||||||||||||||||||||
(Dollars in thousands) | # of | Fair | Unrealized | # of | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||||||
Investments | Value | Losses | Investments | Value | Losses | Value | Losses | ||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 15 | $ | 68,386 | (643 | ) | 0 | $ | 0 | 0 | $ | 68,386 | (643 | ) | ||||||||||||||||||||
Corporate preferred stock | 0 | 0 | 0 | 1 | 245 | (455 | ) | 245 | (455 | ) | |||||||||||||||||||||||
Total temporarily impaired securities | 15 | $ | 68,386 | (643 | ) | 1 | $ | 245 | (455 | ) | $ | 68,631 | (1,098 | ) | |||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Less than twelve months | Twelve months or more | Total | |||||||||||||||||||||||||||||||
(Dollars in thousands) | # of Investments | Fair | Unrealized | # of | Fair | Unrealized | Fair | Unrealized Losses | |||||||||||||||||||||||||
Value | Losses | Investments | Value | Losses | Value | ||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 1 | $ | 4,996 | (4 | ) | 0 | $ | 0 | 0 | $ | 4,996 | (4 | ) | ||||||||||||||||||||
Corporate preferred stock | 0 | 0 | 0 | 1 | 245 | (455 | ) | 245 | (455 | ) | |||||||||||||||||||||||
Total temporarily impaired securities | 1 | $ | 4,996 | (4 | ) | 1 | $ | 245 | (455 | ) | $ | 5,241 | (459 | ) | |||||||||||||||||||
We review our investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the market liquidity for the investment, the financial condition and near-term prospects of the issuer, including any specific events which may influence the operations of the issuer, and our intent and ability to hold the investment for a period of time sufficient to recover the temporary loss. | |||||||||||||||||||||||||||||||||
The unrealized losses reported for corporate preferred stock at September 30, 2013 related to a single trust preferred security that was issued by the holding company of a small community bank. Typical of most trust preferred issuances, the issuer has the ability to defer interest payments for up to five years with interest payable on the deferred balance. In October 2009, the issuer elected to defer its scheduled interest payments as allowed by the terms of the security agreement. The issuer’s subsidiary bank has incurred operating losses due to increased provisions for loan losses but still meets the regulatory requirements to be considered “well capitalized” based on its most recent regulatory filing. Based on a review of the issuer, it was determined that the trust preferred security was not other-than-temporarily impaired at September 30, 2013. The Company does not intend to sell the preferred stock and has the intent and ability to hold it for a period of time sufficient to recover the temporary loss. Management believes that the Company will receive all principal and interest payments contractually due on the security and that the decrease in the market value is primarily due to a lack of liquidity in the market for trust preferred securities and the deferral of interest by the issuer. Management will continue to monitor the credit risk of the issuer and may be required to recognize other-than-temporary impairment charges on this security in future periods. | |||||||||||||||||||||||||||||||||
A summary of securities available for sale at September 30, 2013 and December 31, 2012 is as follows: | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross unrealized | Gross unrealized losses | Fair | |||||||||||||||||||||||||||||
cost | gains | value | |||||||||||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||
FHLMC | $ | 2,431 | 144 | 0 | 2,575 | ||||||||||||||||||||||||||||
FNMA | 3,194 | 204 | 0 | 3,398 | |||||||||||||||||||||||||||||
5,625 | 348 | 0 | 5,973 | ||||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 84,042 | 3 | (643 | ) | 83,402 | ||||||||||||||||||||||||||||
Common stock | 58 | 9 | 0 | 67 | |||||||||||||||||||||||||||||
Corporate preferred stock | 700 | 0 | (455 | ) | 245 | ||||||||||||||||||||||||||||
84,800 | 12 | (1,098 | ) | 83,714 | |||||||||||||||||||||||||||||
$ | 90,425 | 360 | (1,098 | ) | 89,687 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross unrealized | Gross unrealized losses | Fair | |||||||||||||||||||||||||||||
cost | gains | value | |||||||||||||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||
FHLMC | $ | 5,669 | 294 | 0 | 5,963 | ||||||||||||||||||||||||||||
FNMA | 4,076 | 301 | 0 | 4,377 | |||||||||||||||||||||||||||||
Collateralized mortgage obligations: | |||||||||||||||||||||||||||||||||
FNMA | 80 | 1 | 0 | 81 | |||||||||||||||||||||||||||||
9,825 | 596 | 0 | 10,421 | ||||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 75,059 | 170 | (4 | ) | 75,225 | ||||||||||||||||||||||||||||
Corporate preferred stock | 700 | 0 | (455 | ) | 245 | ||||||||||||||||||||||||||||
75,759 | 170 | (459 | ) | 75,470 | |||||||||||||||||||||||||||||
$ | 85,584 | 766 | (459 | ) | 85,891 | ||||||||||||||||||||||||||||
The following table indicates amortized cost and estimated fair value of securities available for sale at September 30, 2013 based upon contractual maturity adjusted for scheduled repayments of principal and projected prepayments of principal based upon current economic conditions and interest rates. | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Fair | |||||||||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||||||||||
Due less than one year | $ | 56,147 | 55,792 | ||||||||||||||||||||||||||||||
Due after one year through five years | 33,520 | 33,583 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 0 | 0 | |||||||||||||||||||||||||||||||
Due after ten years | 758 | 312 | |||||||||||||||||||||||||||||||
Total | $ | 90,425 | 89,687 | ||||||||||||||||||||||||||||||
The allocation of mortgage-backed securities in the table above is based upon the anticipated future cash flow of the securities using estimated mortgage prepayment speeds. The allocation of other marketable securities that have call features is based on the anticipated cash flows to the call date that it is anticipated that the security will be called, or to the maturity date if it is not anticipated to be called. |
Note_9_Loans_Receivable_Net
Note 9 - Loans Receivable, Net | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||
(9) Loans Receivable, Net | |||||||||
A summary of loans receivable at September 30, 2013 and December 31, 2012 is as follows: | |||||||||
(Dollars in thousands) | September 30, | December 31, | |||||||
2013 | 2012 | ||||||||
1-4 family | $ | 78,581 | 97,037 | ||||||
Commercial real estate: | |||||||||
Residential developments | 37,425 | 46,343 | |||||||
Other | 170,036 | 198,564 | |||||||
207,461 | 244,907 | ||||||||
Consumer | 53,414 | 53,975 | |||||||
Commercial business: | |||||||||
Construction industry | 6,680 | 2,666 | |||||||
Other | 63,703 | 77,188 | |||||||
70,383 | 79,854 | ||||||||
Total loans | 409,839 | 475,773 | |||||||
Less: | |||||||||
Unamortized discounts | 37 | 33 | |||||||
Net deferred loan fees (costs) | (25 | ) | 87 | ||||||
Allowance for loan losses | 16,505 | 21,608 | |||||||
Total loans receivable, net | $ | 393,322 | 454,045 | ||||||
Note_10_Allowance_for_Loan_Los
Note 10 - Allowance for Loan Losses and Credit Quality Information | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Allowance For Loan Losses And Credit Quality Information [Abstract] | ' | ||||||||||||||||||||||||||||
Allowance For Loan Losses And Credit Quality Information [Text Block] | ' | ||||||||||||||||||||||||||||
(10) Allowance for Loan Losses and Credit Quality Information | |||||||||||||||||||||||||||||
The allowance for loan losses is summarized as follows: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 1-4 Family | Commercial | Consumer | Commercial Business | Total | ||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
For the three months ended September 30, 2013: | |||||||||||||||||||||||||||||
Balance, June 30, 2013 | $ | 2,059 | 14,089 | 1,431 | 2,780 | 20,359 | |||||||||||||||||||||||
Provision for losses | (675 | ) | (3,512 | ) | (58 | ) | (85 | ) | (4,330 | ) | |||||||||||||||||||
Charge-offs | 0 | (2 | ) | (374 | ) | (50 | ) | (426 | ) | ||||||||||||||||||||
Recoveries | 0 | 711 | 14 | 177 | 902 | ||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 1,384 | 11,286 | 1,013 | 2,822 | 16,505 | |||||||||||||||||||||||
For the nine months ended September 30, 2013: | |||||||||||||||||||||||||||||
Balance, December 31, 2012 | $ | 2,821 | 13,588 | 1,146 | 4,053 | 21,608 | |||||||||||||||||||||||
Provision for losses | (1,250 | ) | (2,646 | ) | 256 | (1,210 | ) | (4,850 | ) | ||||||||||||||||||||
Charge-offs | (200 | ) | (911 | ) | (475 | ) | (606 | ) | (2,192 | ) | |||||||||||||||||||
Recoveries | 13 | 1,255 | 86 | 585 | 1,939 | ||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 1,384 | 11,286 | 1,013 | 2,822 | 16,505 | |||||||||||||||||||||||
Allocated to: | |||||||||||||||||||||||||||||
Specific reserves | $ | 571 | 2,591 | 537 | 1,114 | 4,813 | |||||||||||||||||||||||
General reserves | 2,250 | 10,997 | 609 | 2,939 | 16,795 | ||||||||||||||||||||||||
Balance, December 31, 2012 | $ | 2,821 | 13,588 | 1,146 | 4,053 | 21,608 | |||||||||||||||||||||||
Allocated to: | |||||||||||||||||||||||||||||
Specific reserves | $ | 309 | 5,218 | 335 | 690 | 6,552 | |||||||||||||||||||||||
General reserves | 1,075 | 6,068 | 678 | 2,132 | 9,953 | ||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 1,384 | 11,286 | 1,013 | 2,822 | 16,505 | |||||||||||||||||||||||
Loans receivable at December 31, 2012: | |||||||||||||||||||||||||||||
Individually reviewed for impairment | $ | 4,687 | 28,195 | 1,823 | 2,395 | 37,100 | |||||||||||||||||||||||
Collectively reviewed for impairment | 92,350 | 216,712 | 52,152 | 77,459 | 438,673 | ||||||||||||||||||||||||
Ending balance | $ | 97,037 | 244,907 | 53,975 | 79,854 | 475,773 | |||||||||||||||||||||||
Loans receivable at September 30, 2013: | |||||||||||||||||||||||||||||
Individually reviewed for impairment | $ | 3,423 | 22,569 | 746 | 1,399 | 28,137 | |||||||||||||||||||||||
Collectively reviewed for impairment | 75,158 | 184,892 | 52,668 | 68,984 | 381,702 | ||||||||||||||||||||||||
Ending balance | $ | 78,581 | 207,461 | 53,414 | 70,383 | 409,839 | |||||||||||||||||||||||
(Dollars in thousands) | 1-4 Family | Commercial | Consumer | Commercial Business | Total | ||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
For the three months ended September 30, 2012: | |||||||||||||||||||||||||||||
Balance, June 30, 2012 | $ | 3,665 | 11,553 | 1,268 | 4,033 | 20,519 | |||||||||||||||||||||||
Provision for losses | (621 | ) | 2,246 | 4 | (45 | ) | 1,584 | ||||||||||||||||||||||
Charge-offs | 0 | (1,535 | ) | (164 | ) | (167 | ) | (1,866 | ) | ||||||||||||||||||||
Recoveries | 0 | 47 | 94 | 84 | 225 | ||||||||||||||||||||||||
Balance, September 30, 2012 | $ | 3,044 | 12,311 | 1,202 | 3,905 | 20,462 | |||||||||||||||||||||||
For the nine months ended September 30, 2012: | |||||||||||||||||||||||||||||
Balance, December 31, 2011 | $ | 3,718 | 13,622 | 1,159 | 5,389 | 23,888 | |||||||||||||||||||||||
Provision for losses | (674 | ) | 3,037 | 851 | (670 | ) | 2,544 | ||||||||||||||||||||||
Charge-offs | 0 | (5,719 | ) | (921 | ) | (1,996 | ) | (8,636 | ) | ||||||||||||||||||||
Recoveries | 0 | 1,371 | 113 | 1,182 | 2,666 | ||||||||||||||||||||||||
Balance, September 30, 2012 | $ | 3,044 | 12,311 | 1,202 | 3,905 | 20,462 | |||||||||||||||||||||||
The following table summarizes the amount of classified and unclassified loans at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Classified | Unclassified | ||||||||||||||||||||||||||||
(Dollars in thousands) | Special Mention | Substandard | Doubtful | Loss | Total | Total | Total Loans | ||||||||||||||||||||||
1-4 family | $ | 746 | 8,904 | 0 | 0 | 9,650 | 68,931 | 78,581 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 26,094 | 0 | 0 | 26,094 | 11,331 | 37,425 | ||||||||||||||||||||||
Other | 17,513 | 22,038 | 0 | 0 | 39,551 | 130,485 | 170,036 | ||||||||||||||||||||||
Consumer | 0 | 439 | 60 | 247 | 746 | 52,668 | 53,414 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 325 | 0 | 0 | 325 | 6,355 | 6,680 | ||||||||||||||||||||||
Other | 574 | 8,711 | 0 | 0 | 9,285 | 54,418 | 63,703 | ||||||||||||||||||||||
$ | 18,833 | 66,511 | 60 | 247 | 85,651 | 324,188 | 409,839 | ||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
Classified | Unclassified | ||||||||||||||||||||||||||||
(Dollars in thousands) | Special Mention | Substandard | Doubtful | Loss | Total | Total | Total Loans | ||||||||||||||||||||||
1-4 family | $ | 1,004 | 13,915 | 33 | 0 | 14,952 | 82,085 | 97,037 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 744 | 36,210 | 0 | 0 | 36,954 | 9,389 | 46,343 | ||||||||||||||||||||||
Other | 17,170 | 30,365 | 0 | 0 | 47,535 | 151,029 | 198,564 | ||||||||||||||||||||||
Consumer | 0 | 1,543 | 123 | 157 | 1,823 | 52,152 | 53,975 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 320 | 0 | 0 | 320 | 2,346 | 2,666 | ||||||||||||||||||||||
Other | 1,224 | 12,628 | 134 | 0 | 13,986 | 63,202 | 77,188 | ||||||||||||||||||||||
$ | 20,142 | 94,981 | 290 | 157 | 115,570 | 360,203 | 475,773 | ||||||||||||||||||||||
Classified loans represent special mention, substandard, doubtful and loss loans. Loans classified as substandard are loans that are generally inadequately protected by the current net worth and paying capacity of the obligor, or by the collateral pledged, if any. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loans classified as doubtful have the weaknesses of those classified as substandard, with additional characteristics that make collection in full on the basis of currently existing facts, conditions and values questionable, and there is a high possibility of loss. A loan classified as loss is considered uncollectible and of such little value that continuance as an asset on the balance sheet is not warranted. Loans classified as substandard or doubtful require the Bank to perform an analysis of the individual loan and charge-off any loans, or portion thereof, that are deemed uncollectible. | |||||||||||||||||||||||||||||
The aging of past due loans at September 30, 2013 and December 31, 2012 is summarized as follows: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days | Total | Current Loans | Total Loans | Loans 90 Days or More Past Due and Still Accruing | ||||||||||||||||||||||
or More | Past Due | ||||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
1-4 family | $ | 878 | 930 | 0 | 1,808 | 76,773 | 78,581 | 0 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 256 | 0 | 739 | 995 | 36,430 | 37,425 | 0 | ||||||||||||||||||||||
Other | 101 | 0 | 0 | 101 | 169,935 | 170,036 | 0 | ||||||||||||||||||||||
Consumer | 355 | 98 | 3 | 456 | 52,958 | 53,414 | 0 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 0 | 6,680 | 6,680 | 0 | ||||||||||||||||||||||
Other | 0 | 0 | 0 | 0 | 63,703 | 63,703 | 0 | ||||||||||||||||||||||
$ | 1,590 | 1,028 | 742 | 3,360 | 406,479 | 409,839 | 0 | ||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
1-4 family | $ | 1,172 | 240 | 0 | 1,412 | 95,625 | 97,037 | 0 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 0 | 0 | 0 | 46,343 | 46,343 | 0 | ||||||||||||||||||||||
Other | 49 | 0 | 289 | 338 | 198,226 | 198,564 | 0 | ||||||||||||||||||||||
Consumer | 591 | 80 | 0 | 671 | 53,304 | 53,975 | 0 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 45 | 0 | 79 | 124 | 2,542 | 2,666 | 0 | ||||||||||||||||||||||
Other | 1,441 | 106 | 7,467 | 9,014 | 68,174 | 77,188 | 7,423 | ||||||||||||||||||||||
$ | 3,298 | 426 | 7,835 | 11,559 | 464,214 | 475,773 | 7,423 | ||||||||||||||||||||||
Impaired loans include loans that are non-performing (non-accruing) and loans that have been modified in a troubled debt restructuring (TDR). The following table summarizes impaired loans and related allowances as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Recorded Investment | Unpaid Principal Balance | Related Allowance | |||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 1,583 | 1,583 | 0 | 1,617 | 1,617 | 0 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 8,754 | 11,946 | 0 | 10,714 | 15,530 | 0 | |||||||||||||||||||||||
Other | 335 | 335 | 0 | 640 | 640 | 0 | |||||||||||||||||||||||
Consumer | 287 | 293 | 0 | 393 | 400 | 0 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 96 | 171 | 0 | 102 | 1,038 | 0 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 34 | 534 | 0 | |||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 1,840 | 1,884 | 309 | 3,070 | 3,114 | 571 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 12,109 | 14,400 | 4,943 | 14,061 | 16,545 | 1,669 | |||||||||||||||||||||||
Other | 1,371 | 1,454 | 275 | 2,780 | 3,133 | 921 | |||||||||||||||||||||||
Consumer | 459 | 459 | 335 | 1,430 | 1,430 | 537 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 74 | 74 | 62 | |||||||||||||||||||||||
Other | 1,303 | 2,055 | 690 | 2,185 | 2,936 | 1,053 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 3,423 | 3,467 | 309 | 4,687 | 4,731 | 571 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 20,863 | 26,346 | 4,943 | 24,775 | 32,075 | 1,669 | |||||||||||||||||||||||
Other | 1,706 | 1,789 | 275 | 3,420 | 3,773 | 921 | |||||||||||||||||||||||
Consumer | 746 | 752 | 335 | 1,823 | 1,830 | 537 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 96 | 171 | 0 | 176 | 1,112 | 62 | |||||||||||||||||||||||
Other | 1,303 | 2,055 | 690 | 2,219 | 3,470 | 1,053 | |||||||||||||||||||||||
$ | 28,137 | 34,580 | 6,552 | 37,100 | 46,991 | 4,813 | |||||||||||||||||||||||
The following tables summarize average recorded investment and interest income recognized on impaired loans during the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | |||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 1,589 | 31 | 1,608 | 46 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 9,127 | 29 | 9,338 | 43 | |||||||||||||||||||||||||
Other | 335 | 16 | 424 | 18 | |||||||||||||||||||||||||
Consumer | 309 | 5 | 315 | 8 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 98 | 0 | 90 | 0 | |||||||||||||||||||||||||
Other | 0 | 0 | 9 | 0 | |||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 2,272 | 6 | 2,571 | 19 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 12,031 | 27 | 13,519 | 41 | |||||||||||||||||||||||||
Other | 1,856 | 228 | 2,249 | 232 | |||||||||||||||||||||||||
Consumer | 998 | 7 | 1,221 | 18 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 36 | 0 | |||||||||||||||||||||||||
Other | 1,332 | 17 | 1,791 | 28 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 3,861 | 37 | 4,179 | 65 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 21,158 | 56 | 22,857 | 84 | |||||||||||||||||||||||||
Other | 2,191 | 244 | 2,673 | 250 | |||||||||||||||||||||||||
Consumer | 1,307 | 12 | 1,536 | 26 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 98 | 0 | 126 | 0 | |||||||||||||||||||||||||
Other | 1,332 | 17 | 1,800 | 28 | |||||||||||||||||||||||||
$ | 29,947 | 366 | 33,171 | 453 | |||||||||||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | |||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 3,214 | 20 | 3,312 | 70 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 11,737 | 60 | 10,752 | 370 | |||||||||||||||||||||||||
Other | 2,540 | 4 | 3,177 | 22 | |||||||||||||||||||||||||
Consumer | 355 | 3 | 390 | 6 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 99 | 0 | 269 | 0 | |||||||||||||||||||||||||
Other | 1,620 | 2 | 1,556 | 8 | |||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 3,491 | 13 | 3,780 | 52 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 14,521 | 37 | 14,627 | 111 | |||||||||||||||||||||||||
Other | 2,577 | 2 | 4,272 | 4 | |||||||||||||||||||||||||
Consumer | 1,672 | 32 | 1,269 | 75 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 243 | 0 | 164 | 0 | |||||||||||||||||||||||||
Other | 2,604 | 9 | 3,847 | 40 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 6,705 | 33 | 7,092 | 122 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 26,258 | 97 | 25,379 | 481 | |||||||||||||||||||||||||
Other | 5,117 | 6 | 7,449 | 26 | |||||||||||||||||||||||||
Consumer | 2,027 | 35 | 1,659 | 81 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 342 | 0 | 433 | 0 | |||||||||||||||||||||||||
Other | 4,224 | 11 | 5,403 | 48 | |||||||||||||||||||||||||
$ | 44,673 | 182 | 47,415 | 758 | |||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, non-accruing loans totaled $22.4 million and $30.0 million, respectively, for which the related allowance for loan losses was $6.1 million and $3.2 million, respectively. The increase in the related allowances is due primarily to the decline in estimated values of collateral securing several non-accruing loans. All of the interest income that was recognized for non-accruing loans was recognized using the cash basis method of income recognition. Non-accruing loans for which no specific allowance has been recorded, because management determined that the value of the collateral was sufficient to repay the loan, totaled $8.0 million and $10.3 million at September 30, 2013 and December 31, 2012, respectively. Non-accrual loans also include certain loans that have had terms modified in a TDR. | |||||||||||||||||||||||||||||
The non-accrual loans at September 30, 2013 and December 31, 2012 are summarized as follows: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||
1-4 family | $ | 1,626 | $ | 2,492 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 18,950 | 23,652 | |||||||||||||||||||||||||||
Other | 628 | 1,891 | |||||||||||||||||||||||||||
Consumer | 442 | 300 | |||||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 97 | 176 | |||||||||||||||||||||||||||
Other | 614 | 1,464 | |||||||||||||||||||||||||||
$ | 22,357 | $ | 29,975 | ||||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012 there were loans included in loans receivable, net, with terms that had been modified in a TDR totaling $25.7 million and $33.1 million, respectively. The $0.5 million in loans that were modified in the third quarter of 2013, were non-performing at September 30, 2013. None of the loans that were modified in the third quarter of 2013 were classified but performing. | |||||||||||||||||||||||||||||
The following table summarizes TDRs at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Accrual | Non-Accrual | Total | Accrual | Non-Accrual | Total | |||||||||||||||||||||||
1-4 Family | $ | 1,798 | 814 | 2,612 | 2,196 | 1,404 | 3,600 | ||||||||||||||||||||||
Commercial real estate | 2,990 | 18,301 | 21,291 | 2,653 | 23,222 | 25,875 | |||||||||||||||||||||||
Consumer | 304 | 257 | 561 | 1,522 | 292 | 1,814 | |||||||||||||||||||||||
Commercial business | 689 | 561 | 1,250 | 754 | 1,012 | 1,766 | |||||||||||||||||||||||
$ | 5,781 | 19,933 | 25,714 | 7,125 | 25,930 | 33,055 | |||||||||||||||||||||||
There were no material commitments to lend additional funds to customers whose loans were restructured or classified as nonaccrual at September 30, 2013 or December 31, 2012. | |||||||||||||||||||||||||||||
TDR concessions can include reduction of interest rates, extension of maturity dates, forgiveness of principal and/or interest due, or acceptance of real estate or other assets in full or partial satisfaction of the debt. Loan modifications are not reported as TDRs after 12 months if the loan was modified at a market rate of interest for comparable risk loans, and the loan is performing in accordance with the terms of the restructured agreement for the entire 12 month period. All loans classified as TDRs are considered to be impaired. | |||||||||||||||||||||||||||||
When a loan is modified as a TDR, there may be a direct, material impact on the loans within the balance sheet, as principal balances may be partially forgiven. The financial effects of TDRs are presented in the following tables and represent the difference between the outstanding recorded balance pre-modification and post-modification, for the three month and nine month periods ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of Contracts | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | Number of Contracts | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||
1-4 family | 0 | $ | 0 | $ | 0 | 1 | $ | 193 | $ | 200 | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Other | 1 | 679 | 254 | 3 | 754 | 329 | |||||||||||||||||||||||
Consumer | 12 | 131 | 144 | 17 | 249 | 263 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 1 | 41 | 41 | |||||||||||||||||||||||
Other | 4 | 194 | 218 | 5 | 193 | 218 | |||||||||||||||||||||||
Total | 17 | $ | 1,004 | $ | 616 | 27 | $ | 1,430 | $ | 1,051 | |||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of Contracts | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | Number of Contracts | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||
1-4 family | 4 | $ | 452 | $ | 439 | 31 | $ | 3,666 | $ | 3,643 | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 3 | 2,565 | 1,702 | 10 | 14,044 | 11,524 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 6 | 2,814 | 2,587 | |||||||||||||||||||||||
Consumer | 4 | 183 | 205 | 15 | 1,413 | 1,435 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 1 | 80 | 80 | |||||||||||||||||||||||
Other | 2 | 211 | 211 | 4 | 471 | 471 | |||||||||||||||||||||||
Total | 13 | $ | 3,411 | $ | 2,557 | 67 | $ | 22,488 | $ | 19,740 | |||||||||||||||||||
None of the loans that were restructured within the 12 months preceding September 30, 2013 defaulted during the three and nine months ended September 30, 2013. Loans that were restructured within the 12 months preceding September 30, 2012 that defaulted during the three and nine month periods ended September 30, 2012 are presented in the following table: | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of Contracts | Outstanding Recorded Investment | Number of Contracts | Outstanding Recorded Investment | |||||||||||||||||||||||||
Troubled debt restructurings that subsequently defaulted: | |||||||||||||||||||||||||||||
1-4 family | 0 | $ | 0 | 2 | $ | 940 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Other | 0 | 0 | 2 | 159 | |||||||||||||||||||||||||
Consumer | 1 | 71 | 1 | 71 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Other | 2 | 227 | 5 | 3,004 | |||||||||||||||||||||||||
Total | 3 | $ | 298 | 10 | $ | 4,174 | |||||||||||||||||||||||
The Company considers a loan to have defaulted when it becomes 90 or more days past due under the modified terms, when it is placed in non-accrual status, when it becomes other real estate owned, or when it becomes non-compliant with some other material requirement of the modification agreement. | |||||||||||||||||||||||||||||
Loans that were non-accrual prior to modification remain on non-accrual status for at least six months following modification. Non-accrual TDR loans that have performed according to the modified terms for six months may be returned to accrual status. Loans that were accruing prior to modification remain on accrual status after the modification as long as the loan continues to perform under the new terms. | |||||||||||||||||||||||||||||
TDRs are reviewed for impairment following the same methodology as other impaired loans. For loans that are collateral dependent, the value of the collateral is reviewed and additional reserves may be added as needed. Loans that are not collateral dependent may have additional reserves established if deemed necessary. The allowance for loan losses on TDRs was $5.8 million, or 34.9%, of the total $16.5 million in loan loss reserves at September 30, 2013 and $3.7 million, or 17.2%, of the total $21.6 million in loan loss reserves at December 31, 2012. |
Note_11_Investment_in_Mortgage
Note 11 - Investment in Mortgage Servicing Rights | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Transfers and Servicing [Abstract] | ' | ||||||||||||||||
Transfers and Servicing of Financial Assets [Text Block] | ' | ||||||||||||||||
(11) Investment in Mortgage Servicing Rights | |||||||||||||||||
A summary of mortgage servicing rights activity is as follows: | |||||||||||||||||
(Dollars in thousands) | Nine Months ended | Twelve Months ended | Nine Months ended | ||||||||||||||
30-Sep-13 | 31-Dec-12 | 30-Sep-12 | |||||||||||||||
Mortgage servicing rights: | |||||||||||||||||
Balance, beginning of period | $ | 1,732 | 1,485 | 1,485 | |||||||||||||
Originations | 500 | 979 | 643 | ||||||||||||||
Amortization | (463 | ) | (732 | ) | (548 | ) | |||||||||||
Balance, end of period | $ | 1,769 | 1,732 | 1,580 | |||||||||||||
Fair value of mortgage servicing rights | $ | 2,919 | 2,126 | 2,047 | |||||||||||||
All of the loans being serviced are single family loans serviced for the Federal National Mortgage Association (FNMA) under the mortgage-backed security program or the individual loan sale program. The following is a summary of the risk characteristics of the loans being serviced at September 30, 2013. | |||||||||||||||||
(Dollars in thousands) | Loan Principal | Weighted Average | Weighted Average Remaining Term | Number of Loans | |||||||||||||
Balance | Interest Rate | (months) | |||||||||||||||
Original term 30 year fixed rate | $ | 205,321 | 4.37 | % | 303 | 1,756 | |||||||||||
Original term 15 year fixed rate | 122,007 | 3.44 | % | 146 | 1,381 | ||||||||||||
Adjustable rate | 206 | 3.85 | % | 323 | 5 | ||||||||||||
The gross carrying amount of mortgage servicing rights and the associated accumulated amortization at September 30, 2013 and 2012 is presented in the table below. | |||||||||||||||||
30-Sep-13 | |||||||||||||||||
(Dollars in thousands) | Gross | Accumulated | Unamortized | ||||||||||||||
Carrying | Amortization | Mortgage | |||||||||||||||
Amount | Servicing Rights | ||||||||||||||||
Mortgage servicing rights | $ | 2,585 | (816 | ) | 1,769 | ||||||||||||
Total | $ | 2,585 | (816 | ) | 1,769 | ||||||||||||
30-Sep-12 | |||||||||||||||||
(Dollars in thousands) | Gross | Accumulated | Unamortized | ||||||||||||||
Carrying | Amortization | Mortgage | |||||||||||||||
Amount | Servicing Rights | ||||||||||||||||
Mortgage servicing rights | $ | 2,244 | (664 | ) | 1,580 | ||||||||||||
Total | $ | 2,244 | (664 | ) | 1,580 | ||||||||||||
Amortization expense for mortgage servicing rights was $463,000 and $548,000 respectively, for the nine-month periods ended September 30, 2013 and 2012. The following table indicates the estimated future amortization expense for mortgage servicing rights: | |||||||||||||||||
(Dollars in thousands) | Mortgage | ||||||||||||||||
Servicing Rights | |||||||||||||||||
Year ended December 31, | |||||||||||||||||
2013 | $ | 106 | |||||||||||||||
2014 | 416 | ||||||||||||||||
2015 | 395 | ||||||||||||||||
2016 | 346 | ||||||||||||||||
2017 | 254 | ||||||||||||||||
2018 and beyond | 252 | ||||||||||||||||
Total | $ | 1,769 | |||||||||||||||
Projections of amortization are based on existing asset balances and the existing interest rate environment as of September 30, 2013. The Company's actual experiences may be significantly different depending upon changes in mortgage interest rates and other market conditions. |
Note_12_Earnings_Loss_per_Comm
Note 12 - Earnings (Loss) per Common Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
(12)Earnings per Common Share | |||||||||||||||||
The following table reconciles the weighted average shares outstanding and the earnings available to common shareholders used for basic and diluted earnings per share: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
(Dollars in thousands, except per share data) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Weighted average number of common shares outstanding used in basic earnings per common share calculation | 4,000 | 3,957 | 3,996 | 3,936 | |||||||||||||
Net dilutive effect of: | |||||||||||||||||
Options | 310 | 0 | 221 | 0 | |||||||||||||
Restricted stock awards | 31 | 79 | 40 | 91 | |||||||||||||
Weighted average number of shares outstanding adjusted for effect of dilutive securities | 4,341 | 4,036 | 4,257 | 4,027 | |||||||||||||
Income available to common shareholders | $ | 5,511 | 170 | 7,028 | 2,444 | ||||||||||||
Basic earnings per common share | $ | 1.38 | 0.04 | 1.76 | 0.62 | ||||||||||||
Diluted earnings per common share | $ | 1.27 | 0.04 | 1.65 | 0.61 | ||||||||||||
Note_13_Regulatory_Capital_and
Note 13 - Regulatory Capital and Regulatory Oversight | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | ||||||||||||||||||||||||||||||||
(13) Regulatory Capital and Regulatory Oversight | |||||||||||||||||||||||||||||||||
On July 21, 2011, the Office of Thrift Supervision (the OTS) was integrated into the Office of the Comptroller of the Currency (the OCC), which became the Bank’s primary banking regulator, and the primary banking regulator for the Company became the Federal Reserve Board (the FRB). | |||||||||||||||||||||||||||||||||
The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank's assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. | |||||||||||||||||||||||||||||||||
The Bank entered into a written Supervisory Agreement with the OTS, effective February 22, 2011, that primarily relates to the Bank’s financial performance and credit quality issues. This agreement replaced the prior memorandum of understanding that the Bank entered into with its primary regulator on December 9, 2009. In accordance with the agreement, the Bank submitted a two year business plan in May of 2011 that the OCC accepted with the expectation that the Bank would be in adherence with the OCC’s Notification of Establishment of Higher Minimum Capital Ratios, dated August 8, 2011, or IMCR, which required the Bank to establish and maintain a minimum core capital ratio of 8.5% by December 31, 2011. The IMCR is discussed more fully below. As required by the Supervisory Agreement, the Bank submitted updated two year business and problem asset reduction plans in January of 2012 and 2013. The Bank must operate within the parameters of the current business and problem asset reduction plans and is required to monitor and submit periodic reports on its compliance with the plans. The Bank has also revised its loan modification policies and its program for identifying, monitoring and controlling risk associated with concentrations of credit, and improved the documentation relating to the allowance for loan and lease losses as required by the Supervisory Agreement. In addition, without the consent of the OCC, the Bank may not declare or pay any cash dividends, increase its total assets during any quarter in excess of the amount of the net interest credited on deposit liabilities during the prior quarter, enter into any new contractual arrangement or renew or extend any existing arrangement related to compensation or benefits with any directors or officers, make any golden parachute payments, or enter into any significant contracts with a third party service provider. The Bank believes it was in compliance with all requirements of the Supervisory Agreement at September 30, 2013. | |||||||||||||||||||||||||||||||||
The Company also entered into a written Supervisory Agreement with the OTS effective February 22, 2011. This agreement replaced the prior memorandum of understanding that the Company entered into with its primary regulator on December 9, 2009. As required by the Supervisory Agreement, the Company submitted updated two year consolidated capital plans in January of 2012 and 2013. The Company must operate within the parameters of the current capital plan and is required to monitor and submit periodic reports on its compliance with the plan. In addition, without the consent of the FRB, the Company may not incur or issue any debt, guarantee the debt of any entity, declare or pay any cash dividends or repurchase any of the Company’s capital stock, enter into any new contractual arrangement or renew or extend any existing arrangement related to compensation or benefits with any director or officer, or make any golden parachute payments. The Company believes it was in compliance with all requirements of its Supervisory Agreement at September 30, 2013. | |||||||||||||||||||||||||||||||||
Quantitative measures established by regulations to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table) of Tier I (Core) capital, and Risk-based capital (as defined in the regulations) to total assets (as defined). | |||||||||||||||||||||||||||||||||
On September 30, 2013, the Bank’s tangible assets were $562.2 million, its adjusted total assets were $563.3 million and its risk-weighted assets were $395.7 million. The following table presents the Bank’s capital amounts and ratios at September 30, 2013 for actual capital, required capital and excess capital, including ratios in order to qualify as being well capitalized under the Prompt Corrective Actions regulations. | |||||||||||||||||||||||||||||||||
Actual | Required to be | Excess Capital | To Be Well Capitalized Under Prompt Corrective Actions Provisions(1) | ||||||||||||||||||||||||||||||
Adequately | |||||||||||||||||||||||||||||||||
Capitalized | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amount | Percent of | Amount | Percent of | Amount | Percent of | Amount | Percent of | |||||||||||||||||||||||||
Assets(2) | Assets (2) | Assets (2) | Assets(2) | ||||||||||||||||||||||||||||||
Bank stockholder’s equity | $ | 70,511 | |||||||||||||||||||||||||||||||
Plus: | |||||||||||||||||||||||||||||||||
Net unrealized losses on certain securities available for sale and cash flow hedges | 1,094 | ||||||||||||||||||||||||||||||||
71,605 | |||||||||||||||||||||||||||||||||
Tier I or core capital | |||||||||||||||||||||||||||||||||
Tier I capital to adjusted total assets | 12.71 | % | $ | 22,534 | 4 | % | $ | 49,071 | 8.71 | % | $ | 28,167 | 5 | % | |||||||||||||||||||
Tier I capital to risk-weighted assets | 18.1 | % | $ | 15,828 | 4 | % | $ | 55,777 | 14.1 | % | $ | 23,742 | 6 | % | |||||||||||||||||||
Plus: | |||||||||||||||||||||||||||||||||
Allowable allowance for loan losses | 5,089 | ||||||||||||||||||||||||||||||||
Risk-based capital | $ | 76,694 | $ | 31,656 | $ | 45,038 | $ | 39,570 | |||||||||||||||||||||||||
Risk-based capital to risk-weighted assets | 19.38 | % | 8 | % | 11.38 | % | 10 | % | |||||||||||||||||||||||||
-1 | Under recently issued final rules, revised requirements will be phased in commencing January 1, 2015, as described below. | ||||||||||||||||||||||||||||||||
-2 | Based upon the Bank’s adjusted total assets for the purpose of the tangible and core capital ratios and risk-weighted assets for the purpose of the risk-based capital ratio. | ||||||||||||||||||||||||||||||||
The OCC established an IMCR for the Bank. An IMCR requires a bank to establish and maintain levels of capital greater than those generally required for a bank to be classified as “well-capitalized.” Effective December 31, 2011, the Bank was required to establish, and subsequently maintain, core capital at least equal to 8.50% of adjusted total assets, which was in excess of the Bank’s 7.14% core capital to adjusted total assets ratio at December 31, 2011. In February 2012, the Bank received a Notice of Failure to Maintain Minimum Capital Ratios from the OCC arising out of its failure to establish and maintain its IMCR of 8.50% core capital to adjusted total assets at December 31, 2011. In April 2012, the Bank submitted to the OCC a written capital plan of how it would maintain its IMCR and a contingency plan in the event the IMCR was not maintained through the Bank’s primary plan. As a result of a decrease in assets and improved financial results, the Bank’s core capital to adjusted total assets ratio improved to 12.71% at September 30, 2013, which equates to core capital being $23.7 million in excess of the IMCR capital requirement at September 30, 2013. | |||||||||||||||||||||||||||||||||
Management believes that, as of September 30, 2013, the Bank’s capital ratios were in excess of those quantitative capital ratio standards set forth under the current prompt corrective action regulations described above. However, there can be no assurance that the Bank will continue to maintain such status in the future, under the current rules or new rules described below. The OCC has extensive discretion in its supervisory and enforcement activities, and can adjust the requirement to be “well-capitalized” in the future. | |||||||||||||||||||||||||||||||||
In order to improve its capital ratios and maintain compliance with its IMCR, the Bank is, among other things, working to improve its financial results, reduce non-performing assets, and decrease the asset size of the Bank. In March 2012, the Bank sold substantially all of the assets and liabilities associated with its Toledo, Iowa branch, and in March 2013 the Bank’s 55th Street branch office in Rochester, Minnesota was closed to further reduce costs. In light of its continued focus on complying with the IMCR, the Bank may also determine that it is necessary or prudent to dispose of other non-strategic assets. These actions have resulted, and may result in changes in the Bank’s assets, liabilities and earnings, some of which may be material, during the period in which the action is taken or is consummated or over a longer period of time. Further, the Company may determine it prudent, or be required by supervising banking regulators, to issue capital of which there can be no assurance that, if issued, it would be on terms favorable to the Company. If the Company issues additional shares of common stock or other equity securities, it could dilute the ownership interests of existing stockholders and, given our current common stock trading price, raising additional capital could dilute the per share book value of the Company’s common stock could dilute the Company’s earnings per share and could result in a change of control of the Company and the Bank. | |||||||||||||||||||||||||||||||||
The capital requirements of the Company and the Bank will be affected in the future by regulatory changes approved in the final rules issued in July 2013 by the FRB and the OCC to establish an integrated regulatory capital framework for implementing the Basel III reforms of the Basel Committee on Banking Supervision for the Bank of International Settlements. The new requirements, which will be effective beginning on January 1, 2015, will, among other things, apply a strengthened set of capital requirements to both the Bank and the Company, including new requirements relating to common equity as a component of core capital and as a “capital conservation buffer” against risk, and a higher minimum core capital requirement, and will revise the rules for calculating risk-weighted assets for purposes of such requirements. The final rules make corresponding revisions to the prompt corrective action framework. Under the final rules, certain changes including the new capital ratio and buffer requirements will be phased in incrementally, with full implementation scheduled for January 1, 2019. |
Note_14_Preferred_Stock
Note 14 - Preferred Stock | 9 Months Ended |
Sep. 30, 2013 | |
Disclosure Text Block Supplement [Abstract] | ' |
Preferred Stock [Text Block] | ' |
(14) Preferred Stock | |
The Company's certificate of incorporation authorizes the issuance of up to 500,000 shares of preferred stock, and on December 23, 2008, the Company completed the sale of 26,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the Preferred Stock) to the United States Treasury. The Preferred Stock has a liquidation value of $1,000 per share and a related warrant was also issued to purchase 833,333 shares of HMN common stock at an exercise price of $4.68 per share. The transaction was part of the United States Treasury’s Capital Purchase Program under the Emergency Economic Stabilization Act of 2008. Under the terms of the sale, the preferred shares are entitled to a quarterly cumulative compounding dividend at a stated rate of 5% per annum for each of the first five years of the investment, increasing to 9% thereafter, unless HMN redeems the shares. The Company made all required dividend payments to the Treasury on the outstanding Preferred Stock in 2009 and 2010 but has deferred the last eleven quarterly dividend payments, beginning with the February 15, 2011 dividend payment. The deferred dividend payments of $3.8 million have been accrued for payment in the future and are being reported for the deferral period as a preferred dividend requirement that is deducted from income for financial statement purposes to arrive at the net income available to common shareholders. Under the terms of the certificate of designations for the Preferred Stock, dividend payments may be deferred but the dividend is cumulative and compounds quarterly while unpaid. In addition, since the Company failed to pay dividends for six quarters, the Treasury had the right to appoint two representatives to the Company’s board of directors. The Treasury did not exercise this right while it held the Preferred Stock. | |
On February 8, 2013, the Treasury sold the Preferred Stock to unaffiliated third party investors in a private transaction for $18.8 million. The Company received no proceeds from the sale and it had no effect on the terms of the outstanding Preferred Stock, including the Company’s obligation to satisfy accrued and unpaid dividends prior to the payment of any dividend or other distribution to holders of junior stock, including the Company’s common stock, and an increase in the dividend rate from 5% to 9%, commencing on February 15, 2014. Further, the sale of the Preferred Stock had no effect on the Company’s capital, financial condition or results of operations. Because of the sale, the Company generally is no longer subject to the various executive compensation and corporate governance requirements to which participants in Treasury’s Capital Purchase Program were subject while Treasury held the Preferred Stock. In addition, the Company has been advised that the current holders of substantially all of the Preferred Stock have entered into agreements with the FRB pursuant to which they have each agreed not to take actions, without the consent of the FRB, which might be construed as exercising or attempting to exercise a controlling influence over the management or policies of the Company or the Bank, including exercise of any right to elect any representatives to the Company’s board of directors. | |
Under the terms of the Company’s and Bank’s Supervisory Agreements with their federal banking regulators as described in Note 13, neither the Company nor the Bank may declare or pay any cash dividends, or purchase or redeem any capital stock, without prior notice to, and consent of, these regulators. Subject to the foregoing, the Preferred Stock may be redeemed in whole or in part, at par plus accrued and unpaid dividends. The Preferred Stock is non-voting (except as described above in respect of the election of up to two directors when preferred stock dividends remain unpaid), other than certain class voting rights. | |
The sale of Preferred Stock did not include the sale of a warrant to purchase 833,333 shares of the Company’s common stock at an exercise price of $4.68, which Treasury continues to hold and may sell in its discretion at any time, subject to applicable securities laws and the Company’s right to repurchase the warrant at fair market value under the terms of the Company’s agreements with Treasury. The warrant may be exercised at any time over its ten-year term and Treasury has agreed not to exercise any voting rights received by acquiring common stock on the exercise of the warrant. The discount on the common stock warrant is being amortized over five years. Both the Preferred Stock and the discount qualify as Tier I capital. |
Note_15_Commitments_and_Contin
Note 15 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
(15) Commitments and Contingencies | |
The Bank issued standby letters of credit which guarantee the performance of customers to third parties. The standby letters of credit issued and available at September 30, 2013 were approximately $1.4 million, expire over the next year, and are collateralized primarily with commercial business assets. Since the conditions under which the Bank is required to fund the standby letters of credit may not materialize, the cash requirements are expected to be less than the total outstanding commitments. |
Note_16_Business_Segments
Note 16 - Business Segments | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||
(16) Business Segments | |||||||||||||||||
The Bank has been identified as a reportable operating segment in accordance with the provisions of ASC 280. SFC and HMN, the holding company, did not meet the quantitative thresholds for determining reportable segments and therefore are included in the “Other” category. | |||||||||||||||||
The Company evaluates performance and allocates resources based on the segment’s net income, return on average assets and equity. Each corporation is managed separately with its own officers and board of directors, some of whom may overlap between the corporations. | |||||||||||||||||
The following table sets forth certain information about the reconciliation of reported profit or loss and assets for each of the Company’s reportable segments. | |||||||||||||||||
(Dollars in thousands) | Home Federal Savings Bank | Other | Eliminations | Consolidated Total | |||||||||||||
At or for the nine months ended September 30, 2013: | |||||||||||||||||
Interest income - external customers | $ | 17,839 | 0 | 0 | 17,839 | ||||||||||||
Non-interest income - external customers | 5,684 | 0 | 0 | 5,684 | |||||||||||||
Intersegment interest income | 0 | 1 | (1 | ) | 0 | ||||||||||||
Intersegment non-interest income | 137 | 9,390 | (9,527 | ) | 0 | ||||||||||||
Interest expense | 2,912 | 0 | (1 | ) | 2,911 | ||||||||||||
Non-interest expense | 16,205 | 582 | (137 | ) | 16,650 | ||||||||||||
Income tax expense | 0 | 238 | 0 | 238 | |||||||||||||
Net income | 9,393 | 8,571 | (9,390 | ) | 8,574 | ||||||||||||
Total assets | 562,541 | 71,731 | (71,707 | ) | 562,565 | ||||||||||||
At or for the nine months ended September 30, 2012: | |||||||||||||||||
Interest income - external customers | $ | 23,778 | 0 | 0 | 23,778 | ||||||||||||
Non-interest income - external customers | 6,616 | 0 | 0 | 6,616 | |||||||||||||
Intersegment interest income | 0 | 2 | (2 | ) | 0 | ||||||||||||
Intersegment non-interest income | 139 | 4,413 | (4,552 | ) | 0 | ||||||||||||
Interest expense | 5,628 | 0 | (2 | ) | 5,626 | ||||||||||||
Non-interest expense | 17,942 | 585 | (139 | ) | 18,388 | ||||||||||||
Net income | 4,419 | 3,830 | (4,413 | ) | 3,836 | ||||||||||||
Total assets | 643,624 | 62,721 | (62,622 | ) | 643,723 | ||||||||||||
At or for the quarter ended September 30, 2013: | |||||||||||||||||
Interest income - external customers | $ | 5,729 | 0 | 0 | 5,729 | ||||||||||||
Non-interest income - external customers | 1,823 | 0 | 0 | 1,823 | |||||||||||||
Intersegment interest income | 0 | 0 | 0 | 0 | |||||||||||||
Intersegment non-interest income | 45 | 6,381 | (6,426 | ) | 0 | ||||||||||||
Interest expense | 404 | 0 | 0 | 404 | |||||||||||||
Non-interest expense | 5,141 | 190 | (45 | ) | 5,286 | ||||||||||||
Income tax expense | 0 | 158 | 0 | 158 | |||||||||||||
Net income | 6,382 | 6,033 | (6,381 | ) | 6,034 | ||||||||||||
Total assets | 562,541 | 71,731 | (71,707 | ) | 562,565 | ||||||||||||
At or for the quarter ended September 30, 2012: | |||||||||||||||||
Interest income - external customers | $ | 7,551 | 0 | 0 | 7,551 | ||||||||||||
Non-interest income - external customers | 2,116 | 0 | 0 | 2,116 | |||||||||||||
Intersegment non-interest income | 46 | 831 | (877 | ) | 0 | ||||||||||||
Interest expense | 1,659 | 0 | 0 | 1,659 | |||||||||||||
Non-interest expense | 5,637 | 196 | (46 | ) | 5,787 | ||||||||||||
Net income | 833 | 635 | (831 | ) | 637 | ||||||||||||
Total assets | 643,624 | 62,721 | (62,622 | ) | 643,723 | ||||||||||||
Note_5_Fair_Value_Measurements1
Note 5 - Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||||||||||
Carrying value at September 30, 2013 | |||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Securities available for sale | $ | 89,687 | 0 | 89,687 | 0 | ||||||||||||||||||||
Mortgage loan commitments | 22 | 0 | 22 | 0 | |||||||||||||||||||||
Total | $ | 89,709 | 0 | 89,709 | 0 | ||||||||||||||||||||
Carrying value at December 31, 2012 | |||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||||||
Securities available for sale | $ | 85,891 | 81 | 85,810 | 0 | ||||||||||||||||||||
Mortgage loan commitments | 27 | 0 | 27 | 0 | |||||||||||||||||||||
Total | $ | 85,918 | 81 | 85,837 | 0 | ||||||||||||||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | ||||||||||||||||||||||||
Carrying value at September 30, 2013 | |||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Three months ended | Nine months ended | |||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||
Total gains (losses) | Total gains (losses) | ||||||||||||||||||||||||
Loans held for sale | $ | 1,180 | 0 | 1,180 | 0 | 48 | 10 | ||||||||||||||||||
Mortgage servicing rights | 1,769 | 0 | 1,769 | 0 | 0 | 0 | |||||||||||||||||||
Loans (1) | 21,585 | 0 | 21,585 | 0 | 614 | (4,252 | ) | ||||||||||||||||||
Real estate, net (2) | 8,899 | 0 | 8,899 | 0 | (14 | ) | (327 | ) | |||||||||||||||||
Total | $ | 33,433 | 0 | 33,433 | 0 | 648 | (4,569 | ) | |||||||||||||||||
Carrying value at December 31, 2012 | |||||||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Year ended | ||||||||||||||||||||
December 31, 2012 Total gains (losses) | |||||||||||||||||||||||||
Loans held for sale | $ | 2,584 | 0 | 2,584 | 0 | 15 | |||||||||||||||||||
Mortgage servicing rights | 1,732 | 0 | 1,732 | 0 | 0 | ||||||||||||||||||||
Loans (1) | 32,287 | 0 | 32,287 | 0 | (2,307 | ) | |||||||||||||||||||
Real estate, net (2) | 10,595 | 0 | 10,595 | 0 | (569 | ) | |||||||||||||||||||
Total | $ | 47,198 | 0 | 47,198 | 0 | (2,861 | ) |
Note_6_Fair_Value_of_Financial1
Note 6 - Fair Value of Financial Instruments (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||
Fair value hierarchy | Fair value hierarchy | ||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Carrying | Estimated | Level 1 | Level 2 | Level 3 | Contract | Carrying | Estimated | Level 1 | Level 2 | Level 3 | Contract amount | |||||||||||||||||||||||||||||||||||||
amount | fair value | amount | amount | fair value | |||||||||||||||||||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 57,652 | 57,652 | 57,652 | 0 | 0 | 83,660 | 83,660 | 83,660 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||
Securities available for sale | 89,687 | 89,687 | 0 | 89,687 | 0 | 85,891 | 85,891 | 81 | 85,810 | 0 | |||||||||||||||||||||||||||||||||||||||
Loans held for sale | 1,180 | 1,180 | 0 | 1,180 | 0 | 2,584 | 2,584 | 0 | 2,584 | 0 | |||||||||||||||||||||||||||||||||||||||
Loans receivable, net | 393,322 | 397,827 | 0 | 397,827 | 0 | 454,045 | 459,177 | 0 | 459,177 | 0 | |||||||||||||||||||||||||||||||||||||||
Accrued interest receivable | 1,817 | 1,817 | 0 | 1,817 | 0 | 2,018 | 2,018 | 0 | 2,018 | 0 | |||||||||||||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | 485,921 | 485,921 | 0 | 485,921 | 0 | 514,951 | 514,951 | 0 | 514,951 | 0 | |||||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank advances | 0 | 0 | 0 | 0 | 0 | 70,000 | 71,623 | 0 | 71,623 | 0 | |||||||||||||||||||||||||||||||||||||||
Accrued interest payable | 127 | 127 | 0 | 127 | 0 | 247 | 247 | 0 | 247 | 0 | |||||||||||||||||||||||||||||||||||||||
Off-balance sheet financial instruments: | |||||||||||||||||||||||||||||||||||||||||||||||||
Commitments to extend credit | 22 | 22 | 119,398 | 27 | 27 | 84,877 | |||||||||||||||||||||||||||||||||||||||||||
Commitments to sell loans | (46 | ) | (46 | ) | 2,533 | (40 | ) | (40 | ) | 7,046 |
Note_7_Comprehensive_Income_Lo1
Note 7 - Comprehensive Income (Loss) (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||
For the three months ended September 30, | |||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||
Securities available for sale: | Before tax | Tax effect | Net of tax | Before tax | Tax effect | Net of tax | |||||||||||||||||||
Net unrealized gains (losses) arising during the period | $ | 473 | 0 | 473 | (77 | ) | 0 | (77 | ) | ||||||||||||||||
Other comprehensive income (loss) | $ | 473 | 0 | 473 | (77 | ) | 0 | (77 | ) | ||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||
Securities available for sale: | Before tax | Tax effect | Net of tax | Before tax | Tax effect | Net of tax | |||||||||||||||||||
Net unrealized losses arising during the period | $ | (1,045 | ) | 0 | (1,045 | ) | (349 | ) | 0 | (349 | ) | ||||||||||||||
Other comprehensive loss | $ | (1,045 | ) | 0 | (1,045 | ) | (349 | ) | 0 | (349 | ) |
Note_8_Securities_Available_Fo1
Note 8 - Securities Available For Sale (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Less than twelve months | Twelve months or more | Total | |||||||||||||||||||||||||||||||
(Dollars in thousands) | # of | Fair | Unrealized | # of | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||||||
Investments | Value | Losses | Investments | Value | Losses | Value | Losses | ||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 15 | $ | 68,386 | (643 | ) | 0 | $ | 0 | 0 | $ | 68,386 | (643 | ) | ||||||||||||||||||||
Corporate preferred stock | 0 | 0 | 0 | 1 | 245 | (455 | ) | 245 | (455 | ) | |||||||||||||||||||||||
Total temporarily impaired securities | 15 | $ | 68,386 | (643 | ) | 1 | $ | 245 | (455 | ) | $ | 68,631 | (1,098 | ) | |||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Less than twelve months | Twelve months or more | Total | |||||||||||||||||||||||||||||||
(Dollars in thousands) | # of Investments | Fair | Unrealized | # of | Fair | Unrealized | Fair | Unrealized Losses | |||||||||||||||||||||||||
Value | Losses | Investments | Value | Losses | Value | ||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 1 | $ | 4,996 | (4 | ) | 0 | $ | 0 | 0 | $ | 4,996 | (4 | ) | ||||||||||||||||||||
Corporate preferred stock | 0 | 0 | 0 | 1 | 245 | (455 | ) | 245 | (455 | ) | |||||||||||||||||||||||
Total temporarily impaired securities | 1 | $ | 4,996 | (4 | ) | 1 | $ | 245 | (455 | ) | $ | 5,241 | (459 | ) | |||||||||||||||||||
Available-for-sale Securities [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross unrealized | Gross unrealized losses | Fair | |||||||||||||||||||||||||||||
cost | gains | value | |||||||||||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||
FHLMC | $ | 2,431 | 144 | 0 | 2,575 | ||||||||||||||||||||||||||||
FNMA | 3,194 | 204 | 0 | 3,398 | |||||||||||||||||||||||||||||
5,625 | 348 | 0 | 5,973 | ||||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 84,042 | 3 | (643 | ) | 83,402 | ||||||||||||||||||||||||||||
Common stock | 58 | 9 | 0 | 67 | |||||||||||||||||||||||||||||
Corporate preferred stock | 700 | 0 | (455 | ) | 245 | ||||||||||||||||||||||||||||
84,800 | 12 | (1,098 | ) | 83,714 | |||||||||||||||||||||||||||||
$ | 90,425 | 360 | (1,098 | ) | 89,687 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Gross unrealized | Gross unrealized losses | Fair | |||||||||||||||||||||||||||||
cost | gains | value | |||||||||||||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||
FHLMC | $ | 5,669 | 294 | 0 | 5,963 | ||||||||||||||||||||||||||||
FNMA | 4,076 | 301 | 0 | 4,377 | |||||||||||||||||||||||||||||
Collateralized mortgage obligations: | |||||||||||||||||||||||||||||||||
FNMA | 80 | 1 | 0 | 81 | |||||||||||||||||||||||||||||
9,825 | 596 | 0 | 10,421 | ||||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 75,059 | 170 | (4 | ) | 75,225 | ||||||||||||||||||||||||||||
Corporate preferred stock | 700 | 0 | (455 | ) | 245 | ||||||||||||||||||||||||||||
75,759 | 170 | (459 | ) | 75,470 | |||||||||||||||||||||||||||||
$ | 85,584 | 766 | (459 | ) | 85,891 | ||||||||||||||||||||||||||||
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Fair | |||||||||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||||||||||
Due less than one year | $ | 56,147 | 55,792 | ||||||||||||||||||||||||||||||
Due after one year through five years | 33,520 | 33,583 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 0 | 0 | |||||||||||||||||||||||||||||||
Due after ten years | 758 | 312 | |||||||||||||||||||||||||||||||
Total | $ | 90,425 | 89,687 |
Note_9_Loans_Receivable_Net_Ta
Note 9 - Loans Receivable, Net (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
' | |||||||||
(Dollars in thousands) | September 30, | December 31, | |||||||
2013 | 2012 | ||||||||
1-4 family | $ | 78,581 | 97,037 | ||||||
Commercial real estate: | |||||||||
Residential developments | 37,425 | 46,343 | |||||||
Other | 170,036 | 198,564 | |||||||
207,461 | 244,907 | ||||||||
Consumer | 53,414 | 53,975 | |||||||
Commercial business: | |||||||||
Construction industry | 6,680 | 2,666 | |||||||
Other | 63,703 | 77,188 | |||||||
70,383 | 79,854 | ||||||||
Total loans | 409,839 | 475,773 | |||||||
Less: | |||||||||
Unamortized discounts | 37 | 33 | |||||||
Net deferred loan fees (costs) | (25 | ) | 87 | ||||||
Allowance for loan losses | 16,505 | 21,608 | |||||||
Total loans receivable, net | $ | 393,322 | 454,045 |
Note_10_Allowance_for_Loan_Los1
Note 10 - Allowance for Loan Losses and Credit Quality Information (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Note 10 - Allowance for Loan Losses and Credit Quality Information (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
(Dollars in thousands) | 1-4 Family | Commercial | Consumer | Commercial Business | Total | ||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
For the three months ended September 30, 2013: | |||||||||||||||||||||||||||||
Balance, June 30, 2013 | $ | 2,059 | 14,089 | 1,431 | 2,780 | 20,359 | |||||||||||||||||||||||
Provision for losses | (675 | ) | (3,512 | ) | (58 | ) | (85 | ) | (4,330 | ) | |||||||||||||||||||
Charge-offs | 0 | (2 | ) | (374 | ) | (50 | ) | (426 | ) | ||||||||||||||||||||
Recoveries | 0 | 711 | 14 | 177 | 902 | ||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 1,384 | 11,286 | 1,013 | 2,822 | 16,505 | |||||||||||||||||||||||
For the nine months ended September 30, 2013: | |||||||||||||||||||||||||||||
Balance, December 31, 2012 | $ | 2,821 | 13,588 | 1,146 | 4,053 | 21,608 | |||||||||||||||||||||||
Provision for losses | (1,250 | ) | (2,646 | ) | 256 | (1,210 | ) | (4,850 | ) | ||||||||||||||||||||
Charge-offs | (200 | ) | (911 | ) | (475 | ) | (606 | ) | (2,192 | ) | |||||||||||||||||||
Recoveries | 13 | 1,255 | 86 | 585 | 1,939 | ||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 1,384 | 11,286 | 1,013 | 2,822 | 16,505 | |||||||||||||||||||||||
Allocated to: | |||||||||||||||||||||||||||||
Specific reserves | $ | 571 | 2,591 | 537 | 1,114 | 4,813 | |||||||||||||||||||||||
General reserves | 2,250 | 10,997 | 609 | 2,939 | 16,795 | ||||||||||||||||||||||||
Balance, December 31, 2012 | $ | 2,821 | 13,588 | 1,146 | 4,053 | 21,608 | |||||||||||||||||||||||
Allocated to: | |||||||||||||||||||||||||||||
Specific reserves | $ | 309 | 5,218 | 335 | 690 | 6,552 | |||||||||||||||||||||||
General reserves | 1,075 | 6,068 | 678 | 2,132 | 9,953 | ||||||||||||||||||||||||
Balance, September 30, 2013 | $ | 1,384 | 11,286 | 1,013 | 2,822 | 16,505 | |||||||||||||||||||||||
Loans receivable at December 31, 2012: | |||||||||||||||||||||||||||||
Individually reviewed for impairment | $ | 4,687 | 28,195 | 1,823 | 2,395 | 37,100 | |||||||||||||||||||||||
Collectively reviewed for impairment | 92,350 | 216,712 | 52,152 | 77,459 | 438,673 | ||||||||||||||||||||||||
Ending balance | $ | 97,037 | 244,907 | 53,975 | 79,854 | 475,773 | |||||||||||||||||||||||
Loans receivable at September 30, 2013: | |||||||||||||||||||||||||||||
Individually reviewed for impairment | $ | 3,423 | 22,569 | 746 | 1,399 | 28,137 | |||||||||||||||||||||||
Collectively reviewed for impairment | 75,158 | 184,892 | 52,668 | 68,984 | 381,702 | ||||||||||||||||||||||||
Ending balance | $ | 78,581 | 207,461 | 53,414 | 70,383 | 409,839 | |||||||||||||||||||||||
(Dollars in thousands) | 1-4 Family | Commercial | Consumer | Commercial Business | Total | ||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
For the three months ended September 30, 2012: | |||||||||||||||||||||||||||||
Balance, June 30, 2012 | $ | 3,665 | 11,553 | 1,268 | 4,033 | 20,519 | |||||||||||||||||||||||
Provision for losses | (621 | ) | 2,246 | 4 | (45 | ) | 1,584 | ||||||||||||||||||||||
Charge-offs | 0 | (1,535 | ) | (164 | ) | (167 | ) | (1,866 | ) | ||||||||||||||||||||
Recoveries | 0 | 47 | 94 | 84 | 225 | ||||||||||||||||||||||||
Balance, September 30, 2012 | $ | 3,044 | 12,311 | 1,202 | 3,905 | 20,462 | |||||||||||||||||||||||
For the nine months ended September 30, 2012: | |||||||||||||||||||||||||||||
Balance, December 31, 2011 | $ | 3,718 | 13,622 | 1,159 | 5,389 | 23,888 | |||||||||||||||||||||||
Provision for losses | (674 | ) | 3,037 | 851 | (670 | ) | 2,544 | ||||||||||||||||||||||
Charge-offs | 0 | (5,719 | ) | (921 | ) | (1,996 | ) | (8,636 | ) | ||||||||||||||||||||
Recoveries | 0 | 1,371 | 113 | 1,182 | 2,666 | ||||||||||||||||||||||||
Balance, September 30, 2012 | $ | 3,044 | 12,311 | 1,202 | 3,905 | 20,462 | |||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Classified | Unclassified | ||||||||||||||||||||||||||||
(Dollars in thousands) | Special Mention | Substandard | Doubtful | Loss | Total | Total | Total Loans | ||||||||||||||||||||||
1-4 family | $ | 746 | 8,904 | 0 | 0 | 9,650 | 68,931 | 78,581 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 26,094 | 0 | 0 | 26,094 | 11,331 | 37,425 | ||||||||||||||||||||||
Other | 17,513 | 22,038 | 0 | 0 | 39,551 | 130,485 | 170,036 | ||||||||||||||||||||||
Consumer | 0 | 439 | 60 | 247 | 746 | 52,668 | 53,414 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 325 | 0 | 0 | 325 | 6,355 | 6,680 | ||||||||||||||||||||||
Other | 574 | 8,711 | 0 | 0 | 9,285 | 54,418 | 63,703 | ||||||||||||||||||||||
$ | 18,833 | 66,511 | 60 | 247 | 85,651 | 324,188 | 409,839 | ||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
Classified | Unclassified | ||||||||||||||||||||||||||||
(Dollars in thousands) | Special Mention | Substandard | Doubtful | Loss | Total | Total | Total Loans | ||||||||||||||||||||||
1-4 family | $ | 1,004 | 13,915 | 33 | 0 | 14,952 | 82,085 | 97,037 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 744 | 36,210 | 0 | 0 | 36,954 | 9,389 | 46,343 | ||||||||||||||||||||||
Other | 17,170 | 30,365 | 0 | 0 | 47,535 | 151,029 | 198,564 | ||||||||||||||||||||||
Consumer | 0 | 1,543 | 123 | 157 | 1,823 | 52,152 | 53,975 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 320 | 0 | 0 | 320 | 2,346 | 2,666 | ||||||||||||||||||||||
Other | 1,224 | 12,628 | 134 | 0 | 13,986 | 63,202 | 77,188 | ||||||||||||||||||||||
$ | 20,142 | 94,981 | 290 | 157 | 115,570 | 360,203 | 475,773 | ||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
(Dollars in thousands) | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days | Total | Current Loans | Total Loans | Loans 90 Days or More Past Due and Still Accruing | ||||||||||||||||||||||
or More | Past Due | ||||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
1-4 family | $ | 878 | 930 | 0 | 1,808 | 76,773 | 78,581 | 0 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 256 | 0 | 739 | 995 | 36,430 | 37,425 | 0 | ||||||||||||||||||||||
Other | 101 | 0 | 0 | 101 | 169,935 | 170,036 | 0 | ||||||||||||||||||||||
Consumer | 355 | 98 | 3 | 456 | 52,958 | 53,414 | 0 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 0 | 6,680 | 6,680 | 0 | ||||||||||||||||||||||
Other | 0 | 0 | 0 | 0 | 63,703 | 63,703 | 0 | ||||||||||||||||||||||
$ | 1,590 | 1,028 | 742 | 3,360 | 406,479 | 409,839 | 0 | ||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
1-4 family | $ | 1,172 | 240 | 0 | 1,412 | 95,625 | 97,037 | 0 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 0 | 0 | 0 | 46,343 | 46,343 | 0 | ||||||||||||||||||||||
Other | 49 | 0 | 289 | 338 | 198,226 | 198,564 | 0 | ||||||||||||||||||||||
Consumer | 591 | 80 | 0 | 671 | 53,304 | 53,975 | 0 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 45 | 0 | 79 | 124 | 2,542 | 2,666 | 0 | ||||||||||||||||||||||
Other | 1,441 | 106 | 7,467 | 9,014 | 68,174 | 77,188 | 7,423 | ||||||||||||||||||||||
$ | 3,298 | 426 | 7,835 | 11,559 | 464,214 | 475,773 | 7,423 | ||||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Recorded Investment | Unpaid Principal Balance | Related Allowance | |||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 1,583 | 1,583 | 0 | 1,617 | 1,617 | 0 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 8,754 | 11,946 | 0 | 10,714 | 15,530 | 0 | |||||||||||||||||||||||
Other | 335 | 335 | 0 | 640 | 640 | 0 | |||||||||||||||||||||||
Consumer | 287 | 293 | 0 | 393 | 400 | 0 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 96 | 171 | 0 | 102 | 1,038 | 0 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 34 | 534 | 0 | |||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 1,840 | 1,884 | 309 | 3,070 | 3,114 | 571 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 12,109 | 14,400 | 4,943 | 14,061 | 16,545 | 1,669 | |||||||||||||||||||||||
Other | 1,371 | 1,454 | 275 | 2,780 | 3,133 | 921 | |||||||||||||||||||||||
Consumer | 459 | 459 | 335 | 1,430 | 1,430 | 537 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 74 | 74 | 62 | |||||||||||||||||||||||
Other | 1,303 | 2,055 | 690 | 2,185 | 2,936 | 1,053 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 3,423 | 3,467 | 309 | 4,687 | 4,731 | 571 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 20,863 | 26,346 | 4,943 | 24,775 | 32,075 | 1,669 | |||||||||||||||||||||||
Other | 1,706 | 1,789 | 275 | 3,420 | 3,773 | 921 | |||||||||||||||||||||||
Consumer | 746 | 752 | 335 | 1,823 | 1,830 | 537 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 96 | 171 | 0 | 176 | 1,112 | 62 | |||||||||||||||||||||||
Other | 1,303 | 2,055 | 690 | 2,219 | 3,470 | 1,053 | |||||||||||||||||||||||
$ | 28,137 | 34,580 | 6,552 | 37,100 | 46,991 | 4,813 | |||||||||||||||||||||||
' | |||||||||||||||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | |||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 1,589 | 31 | 1,608 | 46 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 9,127 | 29 | 9,338 | 43 | |||||||||||||||||||||||||
Other | 335 | 16 | 424 | 18 | |||||||||||||||||||||||||
Consumer | 309 | 5 | 315 | 8 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 98 | 0 | 90 | 0 | |||||||||||||||||||||||||
Other | 0 | 0 | 9 | 0 | |||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 2,272 | 6 | 2,571 | 19 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 12,031 | 27 | 13,519 | 41 | |||||||||||||||||||||||||
Other | 1,856 | 228 | 2,249 | 232 | |||||||||||||||||||||||||
Consumer | 998 | 7 | 1,221 | 18 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 36 | 0 | |||||||||||||||||||||||||
Other | 1,332 | 17 | 1,791 | 28 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 3,861 | 37 | 4,179 | 65 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 21,158 | 56 | 22,857 | 84 | |||||||||||||||||||||||||
Other | 2,191 | 244 | 2,673 | 250 | |||||||||||||||||||||||||
Consumer | 1,307 | 12 | 1,536 | 26 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 98 | 0 | 126 | 0 | |||||||||||||||||||||||||
Other | 1,332 | 17 | 1,800 | 28 | |||||||||||||||||||||||||
$ | 29,947 | 366 | 33,171 | 453 | |||||||||||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Average Recorded Investment | Interest Income Recognized | Average Recorded Investment | Interest Income Recognized | |||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 3,214 | 20 | 3,312 | 70 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 11,737 | 60 | 10,752 | 370 | |||||||||||||||||||||||||
Other | 2,540 | 4 | 3,177 | 22 | |||||||||||||||||||||||||
Consumer | 355 | 3 | 390 | 6 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 99 | 0 | 269 | 0 | |||||||||||||||||||||||||
Other | 1,620 | 2 | 1,556 | 8 | |||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 3,491 | 13 | 3,780 | 52 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 14,521 | 37 | 14,627 | 111 | |||||||||||||||||||||||||
Other | 2,577 | 2 | 4,272 | 4 | |||||||||||||||||||||||||
Consumer | 1,672 | 32 | 1,269 | 75 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 243 | 0 | 164 | 0 | |||||||||||||||||||||||||
Other | 2,604 | 9 | 3,847 | 40 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 6,705 | 33 | 7,092 | 122 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 26,258 | 97 | 25,379 | 481 | |||||||||||||||||||||||||
Other | 5,117 | 6 | 7,449 | 26 | |||||||||||||||||||||||||
Consumer | 2,027 | 35 | 1,659 | 81 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 342 | 0 | 433 | 0 | |||||||||||||||||||||||||
Other | 4,224 | 11 | 5,403 | 48 | |||||||||||||||||||||||||
$ | 44,673 | 182 | 47,415 | 758 | |||||||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||
(Dollars in thousands) | 30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||
1-4 family | $ | 1,626 | $ | 2,492 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 18,950 | 23,652 | |||||||||||||||||||||||||||
Other | 628 | 1,891 | |||||||||||||||||||||||||||
Consumer | 442 | 300 | |||||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 97 | 176 | |||||||||||||||||||||||||||
Other | 614 | 1,464 | |||||||||||||||||||||||||||
$ | 22,357 | $ | 29,975 | ||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Accrual | Non-Accrual | Total | Accrual | Non-Accrual | Total | |||||||||||||||||||||||
1-4 Family | $ | 1,798 | 814 | 2,612 | 2,196 | 1,404 | 3,600 | ||||||||||||||||||||||
Commercial real estate | 2,990 | 18,301 | 21,291 | 2,653 | 23,222 | 25,875 | |||||||||||||||||||||||
Consumer | 304 | 257 | 561 | 1,522 | 292 | 1,814 | |||||||||||||||||||||||
Commercial business | 689 | 561 | 1,250 | 754 | 1,012 | 1,766 | |||||||||||||||||||||||
$ | 5,781 | 19,933 | 25,714 | 7,125 | 25,930 | 33,055 | |||||||||||||||||||||||
' | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of Contracts | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | Number of Contracts | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||
1-4 family | 0 | $ | 0 | $ | 0 | 1 | $ | 193 | $ | 200 | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Other | 1 | 679 | 254 | 3 | 754 | 329 | |||||||||||||||||||||||
Consumer | 12 | 131 | 144 | 17 | 249 | 263 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 1 | 41 | 41 | |||||||||||||||||||||||
Other | 4 | 194 | 218 | 5 | 193 | 218 | |||||||||||||||||||||||
Total | 17 | $ | 1,004 | $ | 616 | 27 | $ | 1,430 | $ | 1,051 | |||||||||||||||||||
Financing Receivable, Modifications, Subsequent Default, Nature and Extent of Transaction | ' | ||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of Contracts | Outstanding Recorded Investment | Number of Contracts | Outstanding Recorded Investment | |||||||||||||||||||||||||
Troubled debt restructurings that subsequently defaulted: | |||||||||||||||||||||||||||||
1-4 family | 0 | $ | 0 | 2 | $ | 940 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Other | 0 | 0 | 2 | 159 | |||||||||||||||||||||||||
Consumer | 1 | 71 | 1 | 71 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Other | 2 | 227 | 5 | 3,004 | |||||||||||||||||||||||||
Total | 3 | $ | 298 | 10 | $ | 4,174 | |||||||||||||||||||||||
Prior Year [Member] | ' | ||||||||||||||||||||||||||||
Note 10 - Allowance for Loan Losses and Credit Quality Information (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
' | |||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of Contracts | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | Number of Contracts | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | |||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||
1-4 family | 4 | $ | 452 | $ | 439 | 31 | $ | 3,666 | $ | 3,643 | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 3 | 2,565 | 1,702 | 10 | 14,044 | 11,524 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 6 | 2,814 | 2,587 | |||||||||||||||||||||||
Consumer | 4 | 183 | 205 | 15 | 1,413 | 1,435 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 1 | 80 | 80 | |||||||||||||||||||||||
Other | 2 | 211 | 211 | 4 | 471 | 471 | |||||||||||||||||||||||
Total | 13 | $ | 3,411 | $ | 2,557 | 67 | $ | 22,488 | $ | 19,740 |
Note_11_Investment_in_Mortgage1
Note 11 - Investment in Mortgage Servicing Rights (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Transfers and Servicing [Abstract] | ' | ||||||||||||||||
Servicing Liability at Amortized Cost [Table Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | Nine Months ended | Twelve Months ended | Nine Months ended | ||||||||||||||
30-Sep-13 | 31-Dec-12 | 30-Sep-12 | |||||||||||||||
Mortgage servicing rights: | |||||||||||||||||
Balance, beginning of period | $ | 1,732 | 1,485 | 1,485 | |||||||||||||
Originations | 500 | 979 | 643 | ||||||||||||||
Amortization | (463 | ) | (732 | ) | (548 | ) | |||||||||||
Balance, end of period | $ | 1,769 | 1,732 | 1,580 | |||||||||||||
Fair value of mortgage servicing rights | $ | 2,919 | 2,126 | 2,047 | |||||||||||||
' | |||||||||||||||||
(Dollars in thousands) | Loan Principal | Weighted Average | Weighted Average Remaining Term | Number of Loans | |||||||||||||
Balance | Interest Rate | (months) | |||||||||||||||
Original term 30 year fixed rate | $ | 205,321 | 4.37 | % | 303 | 1,756 | |||||||||||
Original term 15 year fixed rate | 122,007 | 3.44 | % | 146 | 1,381 | ||||||||||||
Adjustable rate | 206 | 3.85 | % | 323 | 5 | ||||||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | ||||||||||||||||
30-Sep-13 | |||||||||||||||||
(Dollars in thousands) | Gross | Accumulated | Unamortized | ||||||||||||||
Carrying | Amortization | Mortgage | |||||||||||||||
Amount | Servicing Rights | ||||||||||||||||
Mortgage servicing rights | $ | 2,585 | (816 | ) | 1,769 | ||||||||||||
Total | $ | 2,585 | (816 | ) | 1,769 | ||||||||||||
30-Sep-12 | |||||||||||||||||
(Dollars in thousands) | Gross | Accumulated | Unamortized | ||||||||||||||
Carrying | Amortization | Mortgage | |||||||||||||||
Amount | Servicing Rights | ||||||||||||||||
Mortgage servicing rights | $ | 2,244 | (664 | ) | 1,580 | ||||||||||||
Total | $ | 2,244 | (664 | ) | 1,580 | ||||||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | Mortgage | ||||||||||||||||
Servicing Rights | |||||||||||||||||
Year ended December 31, | |||||||||||||||||
2013 | $ | 106 | |||||||||||||||
2014 | 416 | ||||||||||||||||
2015 | 395 | ||||||||||||||||
2016 | 346 | ||||||||||||||||
2017 | 254 | ||||||||||||||||
2018 and beyond | 252 | ||||||||||||||||
Total | $ | 1,769 |
Note_12_Earnings_Loss_per_Comm1
Note 12 - Earnings (Loss) per Common Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
(Dollars in thousands, except per share data) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Weighted average number of common shares outstanding used in basic earnings per common share calculation | 4,000 | 3,957 | 3,996 | 3,936 | |||||||||||||
Net dilutive effect of: | |||||||||||||||||
Options | 310 | 0 | 221 | 0 | |||||||||||||
Restricted stock awards | 31 | 79 | 40 | 91 | |||||||||||||
Weighted average number of shares outstanding adjusted for effect of dilutive securities | 4,341 | 4,036 | 4,257 | 4,027 | |||||||||||||
Income available to common shareholders | $ | 5,511 | 170 | 7,028 | 2,444 | ||||||||||||
Basic earnings per common share | $ | 1.38 | 0.04 | 1.76 | 0.62 | ||||||||||||
Diluted earnings per common share | $ | 1.27 | 0.04 | 1.65 | 0.61 |
Note_13_Regulatory_Capital_and1
Note 13 - Regulatory Capital and Regulatory Oversight (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Actual | Required to be | Excess Capital | To Be Well Capitalized Under Prompt Corrective Actions Provisions(1) | ||||||||||||||||||||||||||||||
Adequately | |||||||||||||||||||||||||||||||||
Capitalized | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amount | Percent of | Amount | Percent of | Amount | Percent of | Amount | Percent of | |||||||||||||||||||||||||
Assets(2) | Assets (2) | Assets (2) | Assets(2) | ||||||||||||||||||||||||||||||
Bank stockholder’s equity | $ | 70,511 | |||||||||||||||||||||||||||||||
Plus: | |||||||||||||||||||||||||||||||||
Net unrealized losses on certain securities available for sale and cash flow hedges | 1,094 | ||||||||||||||||||||||||||||||||
71,605 | |||||||||||||||||||||||||||||||||
Tier I or core capital | |||||||||||||||||||||||||||||||||
Tier I capital to adjusted total assets | 12.71 | % | $ | 22,534 | 4 | % | $ | 49,071 | 8.71 | % | $ | 28,167 | 5 | % | |||||||||||||||||||
Tier I capital to risk-weighted assets | 18.1 | % | $ | 15,828 | 4 | % | $ | 55,777 | 14.1 | % | $ | 23,742 | 6 | % | |||||||||||||||||||
Plus: | |||||||||||||||||||||||||||||||||
Allowable allowance for loan losses | 5,089 | ||||||||||||||||||||||||||||||||
Risk-based capital | $ | 76,694 | $ | 31,656 | $ | 45,038 | $ | 39,570 | |||||||||||||||||||||||||
Risk-based capital to risk-weighted assets | 19.38 | % | 8 | % | 11.38 | % | 10 | % |
Note_16_Business_Segments_Tabl
Note 16 - Business Segments (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | Home Federal Savings Bank | Other | Eliminations | Consolidated Total | |||||||||||||
At or for the nine months ended September 30, 2013: | |||||||||||||||||
Interest income - external customers | $ | 17,839 | 0 | 0 | 17,839 | ||||||||||||
Non-interest income - external customers | 5,684 | 0 | 0 | 5,684 | |||||||||||||
Intersegment interest income | 0 | 1 | (1 | ) | 0 | ||||||||||||
Intersegment non-interest income | 137 | 9,390 | (9,527 | ) | 0 | ||||||||||||
Interest expense | 2,912 | 0 | (1 | ) | 2,911 | ||||||||||||
Non-interest expense | 16,205 | 582 | (137 | ) | 16,650 | ||||||||||||
Income tax expense | 0 | 238 | 0 | 238 | |||||||||||||
Net income | 9,393 | 8,571 | (9,390 | ) | 8,574 | ||||||||||||
Total assets | 562,541 | 71,731 | (71,707 | ) | 562,565 | ||||||||||||
At or for the nine months ended September 30, 2012: | |||||||||||||||||
Interest income - external customers | $ | 23,778 | 0 | 0 | 23,778 | ||||||||||||
Non-interest income - external customers | 6,616 | 0 | 0 | 6,616 | |||||||||||||
Intersegment interest income | 0 | 2 | (2 | ) | 0 | ||||||||||||
Intersegment non-interest income | 139 | 4,413 | (4,552 | ) | 0 | ||||||||||||
Interest expense | 5,628 | 0 | (2 | ) | 5,626 | ||||||||||||
Non-interest expense | 17,942 | 585 | (139 | ) | 18,388 | ||||||||||||
Net income | 4,419 | 3,830 | (4,413 | ) | 3,836 | ||||||||||||
Total assets | 643,624 | 62,721 | (62,622 | ) | 643,723 | ||||||||||||
At or for the quarter ended September 30, 2013: | |||||||||||||||||
Interest income - external customers | $ | 5,729 | 0 | 0 | 5,729 | ||||||||||||
Non-interest income - external customers | 1,823 | 0 | 0 | 1,823 | |||||||||||||
Intersegment interest income | 0 | 0 | 0 | 0 | |||||||||||||
Intersegment non-interest income | 45 | 6,381 | (6,426 | ) | 0 | ||||||||||||
Interest expense | 404 | 0 | 0 | 404 | |||||||||||||
Non-interest expense | 5,141 | 190 | (45 | ) | 5,286 | ||||||||||||
Income tax expense | 0 | 158 | 0 | 158 | |||||||||||||
Net income | 6,382 | 6,033 | (6,381 | ) | 6,034 | ||||||||||||
Total assets | 562,541 | 71,731 | (71,707 | ) | 562,565 | ||||||||||||
At or for the quarter ended September 30, 2012: | |||||||||||||||||
Interest income - external customers | $ | 7,551 | 0 | 0 | 7,551 | ||||||||||||
Non-interest income - external customers | 2,116 | 0 | 0 | 2,116 | |||||||||||||
Intersegment non-interest income | 46 | 831 | (877 | ) | 0 | ||||||||||||
Interest expense | 1,659 | 0 | 0 | 1,659 | |||||||||||||
Non-interest expense | 5,637 | 196 | (46 | ) | 5,787 | ||||||||||||
Net income | 833 | 635 | (831 | ) | 637 | ||||||||||||
Total assets | 643,624 | 62,721 | (62,622 | ) | 643,723 |
Note_1_HMN_Financial_Inc_Detai
Note 1 - HMN Financial, Inc. (Details) | 9 Months Ended |
Sep. 30, 2013 | |
Note 1 - HMN Financial, Inc. (Details) [Line Items] | ' |
Percentage Of Ownership In Subsidiaries | 100.00% |
Osterud Insurance Agency, Inc. (OIA) [Member] | ' |
Note 1 - HMN Financial, Inc. (Details) [Line Items] | ' |
Number Of Wholly Owned Subsidiaries | 1 |
Note_4_Derivative_Instruments_1
Note 4 - Derivative Instruments and Hedging Activities (Details) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Note 4 - Derivative Instruments and Hedging Activities (Details) [Line Items] | ' |
Increase (Decrease) in Derivative Liabilities | $25,000 |
Derivative, Gain (Loss) on Derivative, Net | 25,000 |
Mortgage Pipeline [Member] | ' |
Note 4 - Derivative Instruments and Hedging Activities (Details) [Line Items] | ' |
Increase (Decrease) in Derivative Assets | 22,000 |
Increase (Decrease) in Derivative Liabilities | $22,000 |
Note_5_Fair_Value_Measurements2
Note 5 - Fair Value Measurements (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Note 5 - Fair Value Measurements (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | $393,322,000 | $454,045,000 |
Fully Charged-Off [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | $0 | ' |
Note_5_Fair_Value_Measurements3
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | $89,687 | $85,891 |
Total | 33,433 | 47,198 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 0 | 81 |
Mortgage loan commitments | 0 | 0 |
Total | 0 | 81 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 89,687 | 85,810 |
Mortgage loan commitments | 22 | 27 |
Total | 89,709 | 85,837 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Mortgage loan commitments | 0 | 0 |
Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 89,687 | 85,891 |
Mortgage loan commitments | 22 | 27 |
Total | 89,709 | 85,918 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 0 | 81 |
Total | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 89,687 | 85,810 |
Total | 33,433 | 47,198 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Total | $0 | $0 |
Note_5_Fair_Value_Measurements4
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | $33,433 | $33,433 | $47,198 | |||
Total gains (losses) | 648 | -4,569 | -2,861 | |||
Loans Held For Sale [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 0 | 0 | 0 | |||
Loans Held For Sale [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 1,180 | 1,180 | 2,584 | |||
Loans Held For Sale [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 0 | 0 | 0 | |||
Loans Held For Sale [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 1,180 | 1,180 | 2,584 | |||
Total gains (losses) | 48 | 10 | 15 | |||
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 0 | 0 | 0 | |||
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 1,769 | 1,769 | 1,732 | |||
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 0 | 0 | 0 | |||
Mortgage Servicing Rights [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 1,769 | 1,769 | 1,732 | |||
Total gains (losses) | 0 | 0 | 0 | |||
Receivable Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 0 | [1] | 0 | [1] | 0 | [1] |
Receivable Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 21,585 | [1] | 21,585 | [1] | 32,287 | [1] |
Receivable Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 0 | [1] | 0 | [1] | 0 | [1] |
Receivable Loans [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 21,585 | [1] | 21,585 | [1] | 32,287 | [1] |
Total gains (losses) | 614 | [1] | -4,252 | [1] | -2,307 | [1] |
Real estate, net [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 0 | [2] | 0 | [2] | 0 | [2] |
Real estate, net [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 8,899 | [2] | 8,899 | [2] | 10,595 | [2] |
Real estate, net [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 0 | [2] | 0 | [2] | 0 | [2] |
Real estate, net [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 8,899 | [2] | 8,899 | [2] | 10,595 | [2] |
Total gains (losses) | -14 | [2] | -327 | [2] | -569 | [2] |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 0 | 0 | 0 | |||
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | 33,433 | 33,433 | 47,198 | |||
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | |||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ' | |||
Financial Assets | $0 | $0 | $0 | |||
[1] | Represents the carrying value and related specific reserves on loans for which adjustments are based on the appraised value of the collateral. The carrying value of loans fully charged-off is zero. | |||||
[2] | Represents the fair value and related losses of foreclosed real estate and other collateral owned that were measured at fair value subsequent to their initial classification as foreclosed assets. |
Note_6_Fair_Value_of_Financial2
Note 6 - Fair Value of Financial Instruments (Details) - Estimated Fair Value of Company's Financial Instruments (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | $57,652,000 | $83,660,000 | $76,400,000 | $67,840,000 |
Securities available for sale | 89,687,000 | 85,891,000 | ' | ' |
Loans held for sale | 1,180,000 | 2,584,000 | ' | ' |
Loans receivable, net | 393,322,000 | 454,045,000 | ' | ' |
Accrued interest receivable | 1,817,000 | 2,018,000 | ' | ' |
Deposits | 485,921,000 | 514,951,000 | ' | ' |
Federal Home Loan Bank advances | 0 | 70,000,000 | ' | ' |
Accrued interest payable | 127,000 | 247,000 | ' | ' |
Commitments to extend credit | 22,000 | 27,000 | ' | ' |
Commitments to sell loans | -46,000 | -40,000 | ' | ' |
Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 57,652,000 | 83,660,000 | ' | ' |
Securities available for sale | 89,687,000 | 85,891,000 | ' | ' |
Loans held for sale | 1,180,000 | 2,584,000 | ' | ' |
Loans receivable, net | 397,827,000 | 459,177,000 | ' | ' |
Accrued interest receivable | 1,817,000 | 2,018,000 | ' | ' |
Deposits | 485,921,000 | 514,951,000 | ' | ' |
Federal Home Loan Bank advances | 0 | 71,623,000 | ' | ' |
Accrued interest payable | 127,000 | 247,000 | ' | ' |
Commitments to extend credit | 22,000 | 27,000 | ' | ' |
Commitments to sell loans | -46,000 | -40,000 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 57,652,000 | 83,660,000 | ' | ' |
Securities available for sale | 0 | 81,000 | ' | ' |
Loans held for sale | 0 | 0 | ' | ' |
Loans receivable, net | 0 | 0 | ' | ' |
Accrued interest receivable | 0 | 0 | ' | ' |
Deposits | 0 | 0 | ' | ' |
Federal Home Loan Bank advances | 0 | 0 | ' | ' |
Accrued interest payable | 0 | 0 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | ' | ' |
Securities available for sale | 89,687,000 | 85,810,000 | ' | ' |
Loans held for sale | 1,180,000 | 2,584,000 | ' | ' |
Loans receivable, net | 397,827,000 | 459,177,000 | ' | ' |
Accrued interest receivable | 1,817,000 | 2,018,000 | ' | ' |
Deposits | 485,921,000 | 514,951,000 | ' | ' |
Federal Home Loan Bank advances | 0 | 71,623,000 | ' | ' |
Accrued interest payable | 127,000 | 247,000 | ' | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | ' | ' |
Securities available for sale | 0 | 0 | ' | ' |
Loans held for sale | 0 | 0 | ' | ' |
Loans receivable, net | 0 | 0 | ' | ' |
Accrued interest receivable | 0 | 0 | ' | ' |
Deposits | 0 | 0 | ' | ' |
Federal Home Loan Bank advances | 0 | 0 | ' | ' |
Accrued interest payable | 0 | 0 | ' | ' |
Contract Amount [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Commitments to extend credit | 119,398,000 | 84,877,000 | ' | ' |
Commitments to sell loans | $2,533,000 | $7,046,000 | ' | ' |
Note_7_Comprehensive_Income_Lo2
Note 7 - Comprehensive Income (Loss) (Details) - Components of Other Comprehensive Income (Loss) and Related Tax Effects (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Components of Other Comprehensive Income (Loss) and Related Tax Effects [Abstract] | ' | ' | ' | ' |
Net unrealized gains (losses) arising during the period | $473 | ($77) | ($1,045) | ($349) |
Net unrealized gains (losses) arising during the period | 0 | 0 | 0 | 0 |
Net unrealized gains (losses) arising during the period | 473 | -77 | -1,045 | -349 |
Other comprehensive income (loss) | 473 | -77 | -1,045 | -349 |
Other comprehensive income (loss) | 0 | 0 | 0 | 0 |
Other comprehensive income (loss) | $473 | ($77) | ($1,045) | ($349) |
Note_8_Securities_Available_Fo2
Note 8 - Securities Available For Sale (Details) | 9 Months Ended |
Sep. 30, 2013 | |
Investments, Debt and Equity Securities [Abstract] | ' |
Defer Interest Payments Number Of Period | '5 years |
Note_8_Securities_Available_Fo3
Note 8 - Securities Available For Sale (Details) - Summary of Unrealized Losses and Fair Value for Securities (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 8 - Securities Available For Sale (Details) - Summary of Unrealized Losses and Fair Value for Securities [Line Items] | ' | ' |
Number of Investments, Less than Twelve Months | 15 | 1 |
Fair Value, Less than Twelve Months | $68,386 | $4,996 |
Unrealized Losses, Less than Twelve Months | -643 | -4 |
Number of Investments, Twelve Months and More | 1 | 1 |
Fair Value, Twelve Months and More | 245 | 245 |
Unrealized Losses, Twelve Months and More | -455 | -455 |
Fair Value, Total | 68,631 | 5,241 |
Unrealized Losses, Total | -1,098 | -459 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 8 - Securities Available For Sale (Details) - Summary of Unrealized Losses and Fair Value for Securities [Line Items] | ' | ' |
Number of Investments, Less than Twelve Months | 15 | 1 |
Fair Value, Less than Twelve Months | 68,386 | 4,996 |
Unrealized Losses, Less than Twelve Months | -643 | -4 |
Number of Investments, Twelve Months and More | 0 | 0 |
Fair Value, Twelve Months and More | 0 | 0 |
Unrealized Losses, Twelve Months and More | 0 | 0 |
Fair Value, Total | 68,386 | 4,996 |
Unrealized Losses, Total | -643 | -4 |
Corporate Preferred Stock [Member] | ' | ' |
Note 8 - Securities Available For Sale (Details) - Summary of Unrealized Losses and Fair Value for Securities [Line Items] | ' | ' |
Number of Investments, Less than Twelve Months | 0 | 0 |
Fair Value, Less than Twelve Months | 0 | 0 |
Unrealized Losses, Less than Twelve Months | 0 | 0 |
Number of Investments, Twelve Months and More | 1 | 1 |
Fair Value, Twelve Months and More | 245 | 245 |
Unrealized Losses, Twelve Months and More | -455 | -455 |
Fair Value, Total | 245 | 245 |
Unrealized Losses, Total | ($455) | ($455) |
Note_8_Securities_Available_Fo4
Note 8 - Securities Available For Sale (Details) - Summary of Securities Available for Sale (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | $90,425 | $85,584 |
Gross Unrealized Gains | 360 | 766 |
Gross Unrealized Losses | -1,098 | -459 |
Avaiable-for-sale Securities Fair Value | 89,687 | 85,891 |
FHLMC [Member] | Mortgage-backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 2,431 | 5,669 |
Gross Unrealized Gains | 144 | 294 |
Gross Unrealized Losses | 0 | 0 |
Avaiable-for-sale Securities Fair Value | 2,575 | 5,963 |
FNMA [Member] | Mortgage-backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 3,194 | 4,076 |
Gross Unrealized Gains | 204 | 301 |
Gross Unrealized Losses | 0 | 0 |
Avaiable-for-sale Securities Fair Value | 3,398 | 4,377 |
FNMA [Member] | Collateralized Mortgage Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | ' | 80 |
Gross Unrealized Gains | ' | 1 |
Gross Unrealized Losses | ' | 0 |
Avaiable-for-sale Securities Fair Value | ' | 81 |
U.S. Government Agency Obligations [Member] | Other Marketable Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 84,042 | 75,059 |
Gross Unrealized Gains | 3 | 170 |
Gross Unrealized Losses | -643 | -4 |
Avaiable-for-sale Securities Fair Value | 83,402 | 75,225 |
Common Stock [Member] | Other Marketable Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 58 | ' |
Gross Unrealized Gains | 9 | ' |
Gross Unrealized Losses | 0 | ' |
Avaiable-for-sale Securities Fair Value | 67 | ' |
Corporate Preferred Stock [Member] | Other Marketable Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 700 | 700 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | -455 | -455 |
Avaiable-for-sale Securities Fair Value | 245 | 245 |
Mortgage-backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 5,625 | ' |
Gross Unrealized Gains | 348 | ' |
Gross Unrealized Losses | 0 | ' |
Avaiable-for-sale Securities Fair Value | 5,973 | ' |
Other Marketable Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | 84,800 | 75,759 |
Gross Unrealized Gains | 12 | 170 |
Gross Unrealized Losses | -1,098 | -459 |
Avaiable-for-sale Securities Fair Value | 83,714 | 75,470 |
Mortgage Backed Securities And Collateralized Mortgage Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized cost | ' | 9,825 |
Gross Unrealized Gains | ' | 596 |
Gross Unrealized Losses | ' | 0 |
Avaiable-for-sale Securities Fair Value | ' | $10,421 |
Note_8_Securities_Available_Fo5
Note 8 - Securities Available For Sale (Details) - Summary of Contractual Maturity Adjusted for Scheduled Repayments of Principal and Projected Prepayments (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of Contractual Maturity Adjusted for Scheduled Repayments of Principal and Projected Prepayments [Abstract] | ' | ' |
Due less than one year | $56,147 | ' |
Due less than one year | 55,792 | ' |
Due after one year through five years | 33,520 | ' |
Due after one year through five years | 33,583 | ' |
Due after five years through ten years | 0 | ' |
Due after five years through ten years | 0 | ' |
Due after ten years | 758 | ' |
Due after ten years | 312 | ' |
Total | 90,425 | ' |
Total | $89,687 | $85,891 |
Note_9_Loans_Receivable_Net_De
Note 9 - Loans Receivable, Net (Details) - Loans Receivable (USD $) | Sep. 30, 2013 | Jun. 29, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans receivable | $409,839,000 | ' | $475,773,000 | ' | ' |
Unamortized discounts | 37,000 | ' | 33,000 | ' | ' |
Net deferred loan fees (costs) | -25,000 | ' | 87,000 | ' | ' |
Allowance for loan losses | 16,505,000 | 20,359,000 | 21,608,000 | 20,519,000 | 23,888,000 |
Total loans receivable, net | 393,322,000 | ' | 454,045,000 | ' | ' |
1-4 Family [Member] | ' | ' | ' | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans receivable | 78,581,000 | ' | 97,037,000 | ' | ' |
Residential Developments [Member] | ' | ' | ' | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans receivable | 37,425,000 | ' | 46,343,000 | ' | ' |
Commercial Real Estate Other [Member] | ' | ' | ' | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans receivable | 170,036,000 | ' | 198,564,000 | ' | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans receivable | 207,461,000 | ' | 244,907,000 | ' | ' |
Consumer [Member] | ' | ' | ' | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans receivable | 53,414,000 | ' | 53,975,000 | ' | ' |
Construction Development [Member] | ' | ' | ' | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans receivable | 6,680,000 | ' | 2,666,000 | ' | ' |
Commercial Business Other [Member] | ' | ' | ' | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans receivable | 63,703,000 | ' | 77,188,000 | ' | ' |
Commercial Business [Member] | ' | ' | ' | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' | ' |
Loans receivable | $70,383,000 | ' | $79,854,000 | ' | ' |
Note_10_Allowance_for_Loan_Los2
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | $22,357,000 | $29,975,000 |
Impaired Financing Receivable, Related Allowance | 6,552,000 | 4,813,000 |
Loan Receivable For Which Value Of Collateral Sufficient To Repay | 8,000,000 | 10,300,000 |
Financing Receivable, Modifications, Recorded Investment | 25,714,000 | 33,055,000 |
Restructured Loans Classified Performing | 500,000 | ' |
Reserves For Loan Losses On Troubled Debt Restructurings | 5,800,000 | 3,700,000 |
Percentage Reserves For Loan Losses On Troubled Debt Restructurings | 34.90% | 17.20% |
Loan Loss Reserves | 16,500,000 | 21,600,000 |
Non-Accuring Loans[Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) [Line Items] | ' | ' |
Impaired Financing Receivable, Related Allowance | $6,100,000 | $3,200,000 |
Note_10_Allowance_for_Loan_Los3
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Allowance for Loan Losses (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Jun. 29, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 29, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 29, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 29, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 29, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 |
1-4 Family [Member] | 1-4 Family [Member] | 1-4 Family [Member] | 1-4 Family [Member] | 1-4 Family [Member] | 1-4 Family [Member] | 1-4 Family [Member] | 1-4 Family [Member] | 1-4 Family [Member] | 1-4 Family [Member] | 1-4 Family [Member] | 1-4 Family [Member] | 1-4 Family [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Consumer Loan [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Three Months [Member] | Three Months [Member] | Nine Months [Member] | Nine Months [Member] | Nine Months [Member] | ||||||||||
Three Months [Member] | Three Months [Member] | Nine Months [Member] | Nine Months [Member] | Nine Months [Member] | Three Months [Member] | Three Months [Member] | Nine Months [Member] | Nine Months [Member] | Nine Months [Member] | Three Months [Member] | Three Months [Member] | Nine Months [Member] | Nine Months [Member] | Nine Months [Member] | Three Months [Member] | Three Months [Member] | Nine Months [Member] | Nine Months [Member] | Nine Months [Member] | Allowance for Loan and Lease Losses [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan and Lease Losses [Member] | Allowance for Loan and Lease Losses [Member] | Allowance for Loan and Lease Losses [Member] | Allowance for Loan and Lease Losses [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | $20,519 | ' | $21,608 | ' | $23,888 | $20,359 | ' | ' | ' | ' | ' | $2,059 | $2,821 | $3,665 | $3,718 | $1,384 | $3,044 | $1,384 | $1,384 | $3,044 | ' | ' | ' | ' | $14,089 | $13,588 | $11,553 | $13,622 | $11,286 | $12,311 | $11,286 | $11,286 | $12,311 | ' | ' | ' | ' | $1,431 | $1,146 | $1,268 | $1,159 | $1,013 | $1,202 | $1,013 | $1,013 | $1,202 | ' | ' | ' | ' | $2,780 | $4,053 | $4,033 | $5,389 | $2,822 | $3,905 | $2,822 | $2,822 | $3,905 | $16,505 | $20,462 | $16,505 | $16,505 | $20,462 |
Individually reviewed for impairment | 28,137 | ' | ' | 28,137 | 28,137 | ' | ' | ' | 37,100 | 3,423 | ' | 3,423 | ' | ' | 4,687 | ' | ' | ' | ' | ' | ' | ' | 22,569 | ' | 22,569 | ' | ' | 28,195 | ' | ' | ' | ' | ' | ' | ' | 746 | ' | 746 | ' | ' | 1,823 | ' | ' | ' | ' | ' | ' | ' | 1,399 | ' | 1,399 | ' | ' | 2,395 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collectively reviewed for impairment | 381,702 | ' | ' | 381,702 | 381,702 | ' | ' | ' | 438,673 | 75,158 | ' | 75,158 | ' | ' | 92,350 | ' | ' | ' | ' | ' | ' | ' | 184,892 | ' | 184,892 | ' | ' | 216,712 | ' | ' | ' | ' | ' | ' | ' | 52,668 | ' | 52,668 | ' | ' | 52,152 | ' | ' | ' | ' | ' | ' | ' | 68,984 | ' | 68,984 | ' | ' | 77,459 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Loans | 409,839 | ' | ' | 409,839 | 409,839 | ' | ' | ' | 475,773 | 78,581 | ' | 78,581 | ' | ' | 97,037 | ' | ' | ' | ' | ' | ' | ' | 207,461 | ' | 207,461 | ' | ' | 244,907 | ' | ' | ' | ' | ' | ' | ' | 53,414 | ' | 53,414 | ' | ' | 53,975 | ' | ' | ' | ' | ' | ' | ' | 70,383 | ' | 70,383 | ' | ' | 79,854 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Specific reserves | 6,552 | ' | ' | 6,552 | 6,552 | ' | ' | ' | 4,813 | 309 | ' | 309 | ' | ' | 571 | ' | ' | ' | ' | ' | ' | ' | 5,218 | ' | 5,218 | ' | ' | 2,591 | ' | ' | ' | ' | ' | ' | ' | 335 | ' | 335 | ' | ' | 537 | ' | ' | ' | ' | ' | ' | ' | 690 | ' | 690 | ' | ' | 1,114 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
General reserves | 9,953 | ' | ' | 9,953 | 9,953 | ' | ' | ' | 16,795 | 1,075 | ' | 1,075 | ' | ' | 2,250 | ' | ' | ' | ' | ' | ' | ' | 6,068 | ' | 6,068 | ' | ' | 10,997 | ' | ' | ' | ' | ' | ' | ' | 678 | ' | 678 | ' | ' | 609 | ' | ' | ' | ' | ' | ' | ' | 2,132 | ' | 2,132 | ' | ' | 2,939 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision for losses | -4,330 | 1,584 | 1,584 | -4,850 | -4,850 | 2,544 | 2,544 | ' | ' | -675 | -621 | -1,250 | -674 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,512 | 2,246 | -2,646 | 3,037 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -58 | 4 | 256 | 851 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -85 | -45 | -1,210 | -670 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Charge-offs | -426 | -1,866 | ' | -2,192 | ' | -8,636 | ' | ' | ' | 0 | 0 | -200 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2 | -1,535 | -911 | -5,719 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -374 | -164 | -475 | -921 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -50 | -167 | -606 | -1,996 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recoveries | 902 | 225 | ' | 1,939 | ' | 2,666 | ' | ' | ' | 0 | 0 | 13 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 711 | 47 | 1,255 | 1,371 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14 | 94 | 86 | 113 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 177 | 84 | 585 | 1,182 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | $16,505 | ' | ' | $16,505 | $16,505 | ' | ' | $20,359 | ' | ' | ' | ' | ' | $2,059 | $2,821 | $3,665 | $3,718 | $1,384 | $3,044 | $1,384 | $1,384 | $3,044 | ' | ' | ' | ' | $14,089 | $13,588 | $11,553 | $13,622 | $11,286 | $12,311 | $11,286 | $11,286 | $12,311 | ' | ' | ' | ' | $1,431 | $1,146 | $1,268 | $1,159 | $1,013 | $1,202 | $1,013 | $1,013 | $1,202 | ' | ' | ' | ' | $2,780 | $4,053 | $4,033 | $5,389 | $2,822 | $3,905 | $2,822 | $2,822 | $3,905 | $16,505 | $20,462 | $16,505 | $16,505 | $20,462 |
Note_10_Allowance_for_Loan_Los4
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Classified and Unclassified Loans (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | $409,839 | $475,773 |
Classified [Member] | 1-4 Family [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 746 | 1,004 |
Classified [Member] | 1-4 Family [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 8,904 | 13,915 |
Classified [Member] | 1-4 Family [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 33 |
Classified [Member] | 1-4 Family [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
Classified [Member] | 1-4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 9,650 | 14,952 |
Classified [Member] | Residential Developments [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 744 |
Classified [Member] | Residential Developments [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 26,094 | 36,210 |
Classified [Member] | Residential Developments [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
Classified [Member] | Residential Developments [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
Classified [Member] | Residential Developments [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 26,094 | 36,954 |
Classified [Member] | Commercial Real Estate Other [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 17,513 | 17,170 |
Classified [Member] | Commercial Real Estate Other [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 22,038 | 30,365 |
Classified [Member] | Commercial Real Estate Other [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
Classified [Member] | Commercial Real Estate Other [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
Classified [Member] | Commercial Real Estate Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 39,551 | 47,535 |
Classified [Member] | Consumer [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
Classified [Member] | Consumer [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 439 | 1,543 |
Classified [Member] | Consumer [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 60 | 123 |
Classified [Member] | Consumer [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 247 | 157 |
Classified [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 746 | 1,823 |
Classified [Member] | Construction Industry [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
Classified [Member] | Construction Industry [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 325 | 320 |
Classified [Member] | Construction Industry [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
Classified [Member] | Construction Industry [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
Classified [Member] | Construction Industry [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 325 | 320 |
Classified [Member] | Commercial Business Other [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 574 | 1,224 |
Classified [Member] | Commercial Business Other [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 8,711 | 12,628 |
Classified [Member] | Commercial Business Other [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 134 |
Classified [Member] | Commercial Business Other [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
Classified [Member] | Commercial Business Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 9,285 | 13,986 |
Classified [Member] | Loans Receivable [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 18,833 | 20,142 |
Classified [Member] | Loans Receivable [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 66,511 | 94,981 |
Classified [Member] | Loans Receivable [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 60 | 290 |
Classified [Member] | Loans Receivable [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 247 | 157 |
Classified [Member] | Loans Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 85,651 | 115,570 |
Unclassified [Member] | 1-4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 68,931 | 82,085 |
Unclassified [Member] | Residential Developments [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 11,331 | 9,389 |
Unclassified [Member] | Commercial Real Estate Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 130,485 | 151,029 |
Unclassified [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 52,668 | 52,152 |
Unclassified [Member] | Construction Industry [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 6,355 | 2,346 |
Unclassified [Member] | Commercial Business Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 54,418 | 63,202 |
Unclassified [Member] | Loans Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 324,188 | 360,203 |
1-4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 78,581 | 97,037 |
Residential Developments [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 37,425 | 46,343 |
Commercial Real Estate Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 170,036 | 198,564 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 53,414 | 53,975 |
Construction Industry [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 6,680 | 2,666 |
Commercial Business Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 63,703 | 77,188 |
Loans Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | $409,839 | $475,773 |
Note_10_Allowance_for_Loan_Los5
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Aging of Past Due Loans (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | $1,590 | $3,298 |
60-89 Days Past Due | 1,028 | 426 |
90 Days or More Past Due | 742 | 7,835 |
Total Past Due | 3,360 | 11,559 |
Current Loans | 406,479 | 464,214 |
Total Loans | 409,839 | 475,773 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 7,423 |
1-4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 878 | 1,172 |
60-89 Days Past Due | 930 | 240 |
90 Days or More Past Due | 0 | 0 |
Total Past Due | 1,808 | 1,412 |
Current Loans | 76,773 | 95,625 |
Total Loans | 78,581 | 97,037 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Residential Developments [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 256 | 0 |
60-89 Days Past Due | 0 | 0 |
90 Days or More Past Due | 739 | 0 |
Total Past Due | 995 | 0 |
Current Loans | 36,430 | 46,343 |
Total Loans | 37,425 | 46,343 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Commercial Real Estate Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 101 | 49 |
60-89 Days Past Due | 0 | 0 |
90 Days or More Past Due | 0 | 289 |
Total Past Due | 101 | 338 |
Current Loans | 169,935 | 198,226 |
Total Loans | 170,036 | 198,564 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 355 | 591 |
60-89 Days Past Due | 98 | 80 |
90 Days or More Past Due | 3 | 0 |
Total Past Due | 456 | 671 |
Current Loans | 52,958 | 53,304 |
Total Loans | 53,414 | 53,975 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Construction Industry [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 0 | 45 |
60-89 Days Past Due | 0 | 0 |
90 Days or More Past Due | 0 | 79 |
Total Past Due | 0 | 124 |
Current Loans | 6,680 | 2,542 |
Total Loans | 6,680 | 2,666 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Commercial Business Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 0 | 1,441 |
60-89 Days Past Due | 0 | 106 |
90 Days or More Past Due | 0 | 7,467 |
Total Past Due | 0 | 9,014 |
Current Loans | 63,703 | 68,174 |
Total Loans | 63,703 | 77,188 |
Loans 90 Days or More Past Due and Still Accruing | $0 | $7,423 |
Note_10_Allowance_for_Loan_Los6
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Impaired Loans and Related Allowances (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
Loans With an Allowance Recorded, Related Allowance | $6,552 | $4,813 |
Total, Recorded Investment | 28,137 | 37,100 |
Total, Unpaid Principal Balance | 34,580 | 46,991 |
Total, Related Allowance | 6,552 | 4,813 |
1-4 Family [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | 1,583 | 1,617 |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | 1,583 | 1,617 |
Loans With No Related Allowance Recorded, Related Allowance | 0 | 0 |
Loans With an Allowance Recorded, Recorded Investment | 1,840 | 3,070 |
Loans With an Allowance Recorded, Unpaid Principal Balance | 1,884 | 3,114 |
Loans With an Allowance Recorded, Related Allowance | 309 | 571 |
Total, Recorded Investment | 3,423 | 4,687 |
Total, Unpaid Principal Balance | 3,467 | 4,731 |
Total, Related Allowance | 309 | 571 |
Residential Developments [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | 8,754 | 10,714 |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | 11,946 | 15,530 |
Loans With No Related Allowance Recorded, Related Allowance | 0 | 0 |
Loans With an Allowance Recorded, Recorded Investment | 12,109 | 14,061 |
Loans With an Allowance Recorded, Unpaid Principal Balance | 14,400 | 16,545 |
Loans With an Allowance Recorded, Related Allowance | 4,943 | 1,669 |
Total, Recorded Investment | 20,863 | 24,775 |
Total, Unpaid Principal Balance | 26,346 | 32,075 |
Total, Related Allowance | 4,943 | 1,669 |
Commercial Real Estate Other [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | 335 | 640 |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | 335 | 640 |
Loans With No Related Allowance Recorded, Related Allowance | 0 | 0 |
Loans With an Allowance Recorded, Recorded Investment | 1,371 | 2,780 |
Loans With an Allowance Recorded, Unpaid Principal Balance | 1,454 | 3,133 |
Loans With an Allowance Recorded, Related Allowance | 275 | 921 |
Total, Recorded Investment | 1,706 | 3,420 |
Total, Unpaid Principal Balance | 1,789 | 3,773 |
Total, Related Allowance | 275 | 921 |
Consumer [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | 287 | 393 |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | 293 | 400 |
Loans With No Related Allowance Recorded, Related Allowance | 0 | 0 |
Loans With an Allowance Recorded, Recorded Investment | 459 | 1,430 |
Loans With an Allowance Recorded, Unpaid Principal Balance | 459 | 1,430 |
Loans With an Allowance Recorded, Related Allowance | 335 | 537 |
Total, Recorded Investment | 746 | 1,823 |
Total, Unpaid Principal Balance | 752 | 1,830 |
Total, Related Allowance | 335 | 537 |
Construction Industry [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | 96 | 102 |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | 171 | 1,038 |
Loans With No Related Allowance Recorded, Related Allowance | 0 | 0 |
Loans With an Allowance Recorded, Recorded Investment | 0 | 74 |
Loans With an Allowance Recorded, Unpaid Principal Balance | 0 | 74 |
Loans With an Allowance Recorded, Related Allowance | 0 | 62 |
Total, Recorded Investment | 96 | 176 |
Total, Unpaid Principal Balance | 171 | 1,112 |
Total, Related Allowance | 0 | 62 |
Commercial Business Other [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | 0 | 34 |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | 0 | 534 |
Loans With No Related Allowance Recorded, Related Allowance | 0 | 0 |
Loans With an Allowance Recorded, Recorded Investment | 1,303 | 2,185 |
Loans With an Allowance Recorded, Unpaid Principal Balance | 2,055 | 2,936 |
Loans With an Allowance Recorded, Related Allowance | 690 | 1,053 |
Total, Recorded Investment | 1,303 | 2,219 |
Total, Unpaid Principal Balance | 2,055 | 3,470 |
Total, Related Allowance | $690 | $1,053 |
Note_10_Allowance_for_Loan_Los7
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ' | ' | ' | ' |
Impaired Financing Receivable, Average Recorded Investment, Total | $29,947 | $44,673 | $33,171 | $47,415 |
Impaired Financing Receivable, Interest Income, Accrual Method, Total | 366 | 182 | 453 | 758 |
1-4 Family [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ' | ' | ' | ' |
Loans With no Allowance Recorded, Average Recorded Investment | 1,589 | 3,214 | 1,608 | 3,312 |
Loans With no Allowance Recorded, Interest Income Recognized | 31 | 20 | 46 | 70 |
Loans With an Allowance Recorded, Average Recorded Investment | 2,272 | 3,491 | 2,571 | 3,780 |
Loans With an Allowance Recorded, Interest Income Recognized | 6 | 13 | 19 | 52 |
Impaired Financing Receivable, Average Recorded Investment, Total | 3,861 | 6,705 | 4,179 | 7,092 |
Impaired Financing Receivable, Interest Income, Accrual Method, Total | 37 | 33 | 65 | 122 |
Residential Developments [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ' | ' | ' | ' |
Loans With no Allowance Recorded, Average Recorded Investment | 9,127 | 11,737 | 9,338 | 10,752 |
Loans With no Allowance Recorded, Interest Income Recognized | 29 | 60 | 43 | 370 |
Loans With an Allowance Recorded, Average Recorded Investment | 12,031 | 14,521 | 13,519 | 14,627 |
Loans With an Allowance Recorded, Interest Income Recognized | 27 | 37 | 41 | 111 |
Impaired Financing Receivable, Average Recorded Investment, Total | 21,158 | 26,258 | 22,857 | 25,379 |
Impaired Financing Receivable, Interest Income, Accrual Method, Total | 56 | 97 | 84 | 481 |
Commercial Real Estate Other [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ' | ' | ' | ' |
Loans With no Allowance Recorded, Average Recorded Investment | 335 | 2,540 | 424 | 3,177 |
Loans With no Allowance Recorded, Interest Income Recognized | 16 | 4 | 18 | 22 |
Loans With an Allowance Recorded, Average Recorded Investment | 1,856 | 2,577 | 2,249 | 4,272 |
Loans With an Allowance Recorded, Interest Income Recognized | 228 | 2 | 232 | 4 |
Impaired Financing Receivable, Average Recorded Investment, Total | 2,191 | 5,117 | 2,673 | 7,449 |
Impaired Financing Receivable, Interest Income, Accrual Method, Total | 244 | 6 | 250 | 26 |
Consumer [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ' | ' | ' | ' |
Loans With no Allowance Recorded, Average Recorded Investment | 309 | 355 | 315 | 390 |
Loans With no Allowance Recorded, Interest Income Recognized | 5 | 3 | 8 | 6 |
Loans With an Allowance Recorded, Average Recorded Investment | 998 | 1,672 | 1,221 | 1,269 |
Loans With an Allowance Recorded, Interest Income Recognized | 7 | 32 | 18 | 75 |
Impaired Financing Receivable, Average Recorded Investment, Total | 1,307 | 2,027 | 1,536 | 1,659 |
Impaired Financing Receivable, Interest Income, Accrual Method, Total | 12 | 35 | 26 | 81 |
Construction Industry [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ' | ' | ' | ' |
Loans With no Allowance Recorded, Average Recorded Investment | 98 | 99 | 90 | 269 |
Loans With no Allowance Recorded, Interest Income Recognized | 0 | 0 | 0 | 0 |
Loans With an Allowance Recorded, Average Recorded Investment | 0 | 243 | 36 | 164 |
Loans With an Allowance Recorded, Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, Average Recorded Investment, Total | 98 | 342 | 126 | 433 |
Impaired Financing Receivable, Interest Income, Accrual Method, Total | 0 | 0 | 0 | 0 |
Commercial Business Other [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans [Line Items] | ' | ' | ' | ' |
Loans With no Allowance Recorded, Average Recorded Investment | 0 | 1,620 | 9 | 1,556 |
Loans With no Allowance Recorded, Interest Income Recognized | 0 | 2 | 0 | 8 |
Loans With an Allowance Recorded, Average Recorded Investment | 1,332 | 2,604 | 1,791 | 3,847 |
Loans With an Allowance Recorded, Interest Income Recognized | 17 | 9 | 28 | 40 |
Impaired Financing Receivable, Average Recorded Investment, Total | 1,332 | 4,224 | 1,800 | 5,403 |
Impaired Financing Receivable, Interest Income, Accrual Method, Total | $17 | $11 | $28 | $48 |
Note_10_Allowance_for_Loan_Los8
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | $22,357 | $29,975 |
1-4 Family [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | 1,626 | 2,492 |
Residential Developments [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | 18,950 | 23,652 |
Commercial Real Estate Other [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | 628 | 1,891 |
Consumer [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | 442 | 300 |
Construction Industry [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | 97 | 176 |
Commercial Business Other [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | $614 | $1,464 |
Note_10_Allowance_for_Loan_Los9
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Troubled Debt Restructurings (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual | $5,781 | $7,125 |
Non-Accrual | 19,933 | 25,930 |
Total | 25,714 | 33,055 |
1-4 Family [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual | 1,798 | 2,196 |
Non-Accrual | 814 | 1,404 |
Total | 2,612 | 3,600 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual | 2,990 | 2,653 |
Non-Accrual | 18,301 | 23,222 |
Total | 21,291 | 25,875 |
Consumer [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual | 304 | 1,522 |
Non-Accrual | 257 | 292 |
Total | 561 | 1,814 |
Commercial Business [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual | 689 | 754 |
Non-Accrual | 561 | 1,012 |
Total | $1,250 | $1,766 |
Recovered_Sheet1
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 13 | ' | 67 |
Pre-modification Outstanding Recorded Investmen | ' | $3,411 | ' | $22,488 |
Post-modification Outstanding Recorded Investment | ' | 2,557 | ' | 19,740 |
1-4 Family [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification [Line Items] | ' | ' | ' | ' |
Number of Contracts | 0 | 4 | 1 | 31 |
Pre-modification Outstanding Recorded Investmen | 0 | 452 | 193 | 3,666 |
Post-modification Outstanding Recorded Investment | 0 | 439 | 200 | 3,643 |
Commercial Real Estate Other Receivable [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification [Line Items] | ' | ' | ' | ' |
Number of Contracts | 1 | ' | 3 | ' |
Pre-modification Outstanding Recorded Investmen | 679 | ' | 754 | ' |
Post-modification Outstanding Recorded Investment | 254 | ' | 329 | ' |
Consumer [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification [Line Items] | ' | ' | ' | ' |
Number of Contracts | 12 | 4 | 17 | 15 |
Pre-modification Outstanding Recorded Investmen | 131 | 183 | 249 | 1,413 |
Post-modification Outstanding Recorded Investment | 144 | 205 | 263 | 1,435 |
Construction Industry [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification [Line Items] | ' | ' | ' | ' |
Number of Contracts | 0 | 0 | 1 | 1 |
Pre-modification Outstanding Recorded Investmen | 0 | 0 | 41 | 80 |
Post-modification Outstanding Recorded Investment | 0 | 0 | 41 | 80 |
Commercial Business Other [Member] | Receivable Loans [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification [Line Items] | ' | ' | ' | ' |
Number of Contracts | 17 | ' | 27 | ' |
Pre-modification Outstanding Recorded Investmen | 1,004 | ' | 1,430 | ' |
Post-modification Outstanding Recorded Investment | 616 | ' | 1,051 | ' |
Commercial Business Other [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification [Line Items] | ' | ' | ' | ' |
Number of Contracts | 4 | 2 | 5 | 4 |
Pre-modification Outstanding Recorded Investmen | 194 | 211 | 193 | 471 |
Post-modification Outstanding Recorded Investment | $218 | $211 | $218 | $471 |
Recovered_Sheet2
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 13 | ' | 67 |
Pre-modification Outstanding Recorded Investment | ' | $3,411 | ' | $22,488 |
Post-modification Outstanding Recorded Investment | ' | 2,557 | ' | 19,740 |
1-4 Family [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' | ' | ' |
Number of Contracts | 0 | 4 | 1 | 31 |
Pre-modification Outstanding Recorded Investment | 0 | 452 | 193 | 3,666 |
Post-modification Outstanding Recorded Investment | 0 | 439 | 200 | 3,643 |
Residential Developments [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 3 | ' | 10 |
Pre-modification Outstanding Recorded Investment | ' | 2,565 | ' | 14,044 |
Post-modification Outstanding Recorded Investment | ' | 1,702 | ' | 11,524 |
Commercial Real Estate Other [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 0 | ' | 6 |
Pre-modification Outstanding Recorded Investment | ' | 0 | ' | 2,814 |
Post-modification Outstanding Recorded Investment | ' | 0 | ' | 2,587 |
Consumer [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' | ' | ' |
Number of Contracts | 12 | 4 | 17 | 15 |
Pre-modification Outstanding Recorded Investment | 131 | 183 | 249 | 1,413 |
Post-modification Outstanding Recorded Investment | 144 | 205 | 263 | 1,435 |
Construction Industry [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' | ' | ' |
Number of Contracts | 0 | 0 | 1 | 1 |
Pre-modification Outstanding Recorded Investment | 0 | 0 | 41 | 80 |
Post-modification Outstanding Recorded Investment | 0 | 0 | 41 | 80 |
Commercial Business Other [Member] | ' | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' | ' | ' |
Number of Contracts | 4 | 2 | 5 | 4 |
Pre-modification Outstanding Recorded Investment | 194 | 211 | 193 | 471 |
Post-modification Outstanding Recorded Investment | $218 | $211 | $218 | $471 |
Recovered_Sheet3
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the 12 Months (USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2012 |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the 12 Months [Line Items] | ' | ' |
Number of Contracts | 3 | 10 |
Outstanding Recorded Investment (in Dollars) | $298 | $4,174 |
1-4 Family [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the 12 Months [Line Items] | ' | ' |
Number of Contracts | 0 | 2 |
Outstanding Recorded Investment (in Dollars) | 0 | 940 |
Commercial Real Estate Other [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the 12 Months [Line Items] | ' | ' |
Number of Contracts | 0 | 2 |
Outstanding Recorded Investment (in Dollars) | 0 | 159 |
Consumer [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the 12 Months [Line Items] | ' | ' |
Number of Contracts | 1 | 1 |
Outstanding Recorded Investment (in Dollars) | 71 | 71 |
Commercial Business Other [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the 12 Months [Line Items] | ' | ' |
Number of Contracts | 2 | 5 |
Outstanding Recorded Investment (in Dollars) | $227 | $3,004 |
Note_11_Investment_in_Mortgage2
Note 11 - Investment in Mortgage Servicing Rights (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Transfers and Servicing [Abstract] | ' | ' |
Amortization of Mortgage Servicing Rights (MSRs) | $463,000 | $548,000 |
Note_11_Investment_in_Mortgage3
Note 11 - Investment in Mortgage Servicing Rights (Details) - Mortgage Servicing Activity (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Mortgage Servicing Activity [Abstract] | ' | ' | ' |
Balance, beginning of period | $1,732 | $1,485 | $1,485 |
Originations | 500 | 643 | 979 |
Amortization | -463 | -548 | -732 |
Balance, end of period | 1,769 | 1,580 | 1,732 |
Fair value of mortgage servicing rights | $2,919 | $2,047 | $2,126 |
Note_11_Investment_in_Mortgage4
Note 11 - Investment in Mortgage Servicing Rights (Details) - Risk Characteristics of Loans Being Serviced (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Original Term Thirty Year Fixed Rate [Member] | ' |
Note 11 - Investment in Mortgage Servicing Rights (Details) - Risk Characteristics of Loans Being Serviced [Line Items] | ' |
Loan Principal Balance (in Dollars) | $205,321 |
Weighted Average Interest Rate | 4.37% |
Weighted Average Remaining Term | '303 years |
Number of Loans | 1,756 |
Original Term Fifteen Year Fixed Rate [Member] | ' |
Note 11 - Investment in Mortgage Servicing Rights (Details) - Risk Characteristics of Loans Being Serviced [Line Items] | ' |
Loan Principal Balance (in Dollars) | 122,007 |
Weighted Average Interest Rate | 3.44% |
Weighted Average Remaining Term | '146 years |
Number of Loans | 1,381 |
Adjustable Rate [Member] | ' |
Note 11 - Investment in Mortgage Servicing Rights (Details) - Risk Characteristics of Loans Being Serviced [Line Items] | ' |
Loan Principal Balance (in Dollars) | $206 |
Weighted Average Interest Rate | 3.85% |
Weighted Average Remaining Term | '323 years |
Number of Loans | 5 |
Note_11_Investment_in_Mortgage5
Note 11 - Investment in Mortgage Servicing Rights (Details) - Mortgage Servicing Rights and Accumulated Amortization (Mortgage Servicing Rights [Member], USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Mortgage Servicing Rights [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | $2,585 | $2,244 |
Accumulated Amortization | -816 | -664 |
Unamortized Mortgage Servicing Rights | $1,769 | $1,580 |
Note_11_Investment_in_Mortgage6
Note 11 - Investment in Mortgage Servicing Rights (Details) - Estimated Future Amortization Expense for Mortgage Servicing Right (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Estimated Future Amortization Expense for Mortgage Servicing Right [Abstract] | ' | ' |
2013 | $106 | ' |
2014 | 416 | ' |
2015 | 395 | ' |
2016 | 346 | ' |
2017 | 254 | ' |
2018 and beyond | 252 | ' |
Total | $1,769 | $1,732 |
Note_12_Earnings_Loss_per_Comm2
Note 12 - Earnings (Loss) per Common Share (Details) - Basic and Diluted Earnings (Loss) Per Share (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Note 12 - Earnings (Loss) per Common Share (Details) - Basic and Diluted Earnings (Loss) Per Share [Line Items] | ' | ' | ' | ' |
Weighted average number of common shares outstanding used in basic earnings per common share calculation | 4,000 | 3,957 | 3,996 | 3,936 |
Weighted average number of shares outstanding adjusted for effect of dilutive securities | 4,341 | 4,036 | 4,257 | 4,027 |
Income available to common shareholders (in Dollars) | $5,511 | $170 | $7,028 | $2,444 |
Basic earnings per common share (in Dollars per share) | $1.38 | $0.04 | $1.76 | $0.62 |
Diluted earnings per common share (in Dollars per share) | $1.27 | $0.04 | $1.65 | $0.61 |
Restricted Stock [Member] | ' | ' | ' | ' |
Note 12 - Earnings (Loss) per Common Share (Details) - Basic and Diluted Earnings (Loss) Per Share [Line Items] | ' | ' | ' | ' |
Options | 310 | 0 | 221 | 0 |
Restricted stock awards | 31 | 79 | 40 | 91 |
Note_13_Regulatory_Capital_and2
Note 13 - Regulatory Capital and Regulatory Oversight (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2011 |
In Millions, unless otherwise specified | ||
Disclosure Text Block [Abstract] | ' | ' |
Banks Tangible Assets | $562.20 | ' |
Adjusted Assets | 563.3 | ' |
Risk Weighted Assets | 395.7 | ' |
Tangible Capital to Tangible Assets | ' | 8.50% |
Excess Tangible Capital Required for Capital Adequacy to Tangible Assets | 12.71% | 7.14% |
Core Capital Amount | $23.70 | ' |
Note_13_Regulatory_Capital_and3
Note 13 - Regulatory Capital and Regulatory Oversight (Details) - Tier 1 (Core) Capital and Risk-Based Capital (USD $) | Dec. 31, 2013 | Dec. 02, 2013 | Dec. 01, 2013 |
In Thousands, unless otherwise specified | |||
Tier 1 (Core) Capital and Risk-Based Capital [Abstract] | ' | ' | ' |
Bank stockholder’s equity | $70,511 | ' | ' |
Plus: | ' | ' | ' |
Net unrealized losses on certain securities available for sale and cash flow hedges | 1,094 | ' | ' |
71,605 | ' | ' | |
Tier I or core capital | ' | ' | ' |
Tier I capital to adjusted total assets | ' | 12.71% | ' |
Tier I capital to adjusted total assets | 22,534 | ' | ' |
Tier I capital to adjusted total assets | ' | 4.00% | ' |
Tier I capital to adjusted total assets | 49,071 | ' | ' |
Tier I capital to adjusted total assets | ' | 8.71% | ' |
Tier I capital to adjusted total assets | ' | ' | 28,167 |
Tier I capital to adjusted total assets | 5.00% | ' | ' |
Tier I capital to risk-weighted assets | ' | 18.10% | ' |
Tier I capital to risk-weighted assets | 15,828 | ' | ' |
Tier I capital to risk-weighted assets | 6.00% | 4.00% | ' |
Tier I capital to risk-weighted assets | 55,777 | ' | ' |
Tier I capital to risk-weighted assets | ' | 14.10% | ' |
Tier I capital to risk-weighted assets | ' | ' | 23,742 |
Allowable allowance for loan losses | 5,089 | ' | ' |
Risk-based capital | 76,694 | ' | ' |
Risk-based capital | 31,656 | ' | ' |
Risk-based capital | 45,038 | ' | ' |
Risk-based capital | ' | ' | $39,570 |
Risk-based capital to risk-weighted assets | ' | 19.38% | ' |
Risk-based capital to risk-weighted assets | ' | 8.00% | ' |
Risk-based capital to risk-weighted assets | ' | 11.38% | ' |
Risk-based capital to risk-weighted assets | 10.00% | ' | ' |
Note_14_Preferred_Stock_Detail
Note 14 - Preferred Stock (Details) (USD $) | 1 Months Ended | 9 Months Ended | 0 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 23, 2008 | Sep. 30, 2013 | Dec. 31, 2012 | Feb. 08, 2013 | Sep. 30, 2013 |
Preferred Stock [Member] | Preferred Stock [Member] | ||||
Note 14 - Preferred Stock (Details) [Line Items] | ' | ' | ' | ' | ' |
Preferred Stock, Shares Authorized (in Shares) | ' | 500,000 | 500,000 | ' | ' |
Preferred Stock, Shares Issued (in Shares) | 26,000 | 26,000 | 26,000 | ' | ' |
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in Dollars per share) | $1,000 | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | 833,333 | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item) | 4.68 | ' | ' | ' | ' |
Preferred Stock, Dividend Rate, Percentage | ' | 5.00% | ' | ' | ' |
Period For Preferred Stock Specified Dividend Rate | ' | '5 years | ' | ' | ' |
Dividend Rate After Specified Period | ' | 9.00% | ' | ' | ' |
Number Of Deferred Quarterly Dividend Payments | ' | 11 | ' | ' | ' |
Dividends Payable (in Dollars) | ' | ' | ' | ' | $3.80 |
Preferred Stock, Dividend Payment Terms | ' | 'six | ' | ' | ' |
Stock Issued During Period, Value, New Issues (in Dollars) | ' | ' | ' | $18.80 | ' |
Warrant Expiration Periods | ' | '10 years | ' | ' | ' |
Discount On Warrant Amortization Period | ' | '5 years | ' | ' | ' |
Note_15_Commitments_and_Contin1
Note 15 - Commitments and Contingencies (Details) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Letters Of Credit Issued And Available Amount | $1.40 |
Note_16_Business_Segments_Deta
Note 16 - Business Segments (Details) - Company's Reportable Segments (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Interest income - external customers | $5,729 | $7,551 | $17,839 | $23,778 |
Non-interest income - external customers | 1,823 | 2,116 | 5,684 | 6,616 |
Intersegment interest income | 0 | ' | 0 | 0 |
Intersegment non-interest income | 0 | 0 | 0 | 0 |
Interest expense | 404 | 1,659 | 2,911 | 5,626 |
Non-interest expense | 5,286 | 5,787 | 16,650 | 18,388 |
Income tax expense | 158 | 0 | 238 | 0 |
Net income | 6,034 | 637 | 8,574 | 3,836 |
Total assets | 562,565 | 643,723 | 562,565 | 643,723 |
Consolidation, Eliminations [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Interest income - external customers | 0 | 0 | 0 | 0 |
Non-interest income - external customers | 0 | 0 | 0 | 0 |
Intersegment interest income | 0 | ' | -1 | -2 |
Intersegment non-interest income | -6,426 | -877 | -9,527 | -4,552 |
Interest expense | 0 | 0 | -1 | -2 |
Non-interest expense | -45 | -46 | -137 | -139 |
Income tax expense | 0 | ' | 0 | ' |
Net income | -6,381 | -831 | -9,390 | -4,413 |
Total assets | -71,707 | -62,622 | -71,707 | -62,622 |
Home Federal Savings Bank [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Interest income - external customers | 5,729 | 7,551 | 17,839 | 23,778 |
Non-interest income - external customers | 1,823 | 2,116 | 5,684 | 6,616 |
Intersegment interest income | 0 | ' | 0 | 0 |
Intersegment non-interest income | 45 | 46 | 137 | 139 |
Interest expense | 404 | 1,659 | 2,912 | 5,628 |
Non-interest expense | 5,141 | 5,637 | 16,205 | 17,942 |
Income tax expense | 0 | ' | 0 | ' |
Net income | 6,382 | 833 | 9,393 | 4,419 |
Total assets | 562,541 | 643,624 | 562,541 | 643,624 |
Other Segments [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Interest income - external customers | 0 | 0 | 0 | 0 |
Non-interest income - external customers | 0 | 0 | 0 | 0 |
Intersegment interest income | 0 | ' | 1 | 2 |
Intersegment non-interest income | 6,381 | 831 | 9,390 | 4,413 |
Interest expense | 0 | 0 | 0 | 0 |
Non-interest expense | 190 | 196 | 582 | 585 |
Income tax expense | 158 | ' | 238 | ' |
Net income | 6,033 | 635 | 8,571 | 3,830 |
Total assets | $71,731 | $62,721 | $71,731 | $62,721 |