Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 14, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'HMN FINANCIAL INC | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 4,448,205 | ' |
Entity Public Float | ' | ' | $22,800,000 |
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 | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $120,686 | $83,660 |
Securities available for sale: | ' | ' |
Mortgage-backed and related securities (amortized cost $4,899 and $9,825) | 5,213 | 10,421 |
Other marketable securities (amortized cost $103,788 and $75,759) | 102,743 | 75,470 |
107,956 | 85,891 | |
Loans held for sale | 1,502 | 2,584 |
Loans receivable, net | 384,615 | 454,045 |
Accrued interest receivable | 1,953 | 2,018 |
Real estate, net | 6,898 | 10,595 |
Federal Home Loan Bank stock, at cost | 784 | 4,063 |
Mortgage servicing rights, net | 1,708 | 1,732 |
Premises and equipment, net | 6,711 | 7,173 |
Prepaid expenses and other assets | 698 | 1,566 |
Deferred tax asset, net | 15,111 | 0 |
Total assets | 648,622 | 653,327 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ' | ' |
Deposits | 553,930 | 514,951 |
Federal Home Loan Bank advances | 0 | 70,000 |
Accrued interest payable | 146 | 247 |
Customer escrows | 614 | 830 |
Accrued expenses and other liabilities | 8,257 | 6,465 |
Total liabilities | 562,947 | 592,493 |
Commitments and contingencies | ' | ' |
Stockholders’ equity: | ' | ' |
Serial preferred stock: ($.01 par value) Authorized 500,000 shares; issued shares 26,000 | 26,000 | 25,336 |
Common stock ($.01 par value): Authorized 16,000,000; issued shares 9,128,662 | 91 | 91 |
Additional paid-in capital | 51,175 | 51,795 |
Retained earnings, subject to certain restrictions | 72,211 | 47,004 |
Accumulated other comprehensive loss | -674 | -49 |
Unearned employee stock ownership plan shares | -2,804 | -2,997 |
Treasury stock, at cost 4,704,313 and 4,705,073 shares | -60,324 | -60,346 |
Total stockholders’ equity | 85,675 | 60,834 |
Total liabilities and stockholders’ equity | $648,622 | $653,327 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Mortgage-backed and related securities - amortized cost (in Dollars) | $4,899 | $9,825 |
Other marketable securities amortized cost (in Dollars) | $103,788 | $75,759 |
Serial preferred stock, shares authorized | 500,000 | 500,000 |
Serial preferred stock, shares issued | 26,000 | 26,000 |
Serial preferred stock: par value (in Dollars per share) | $0.01 | $0.01 |
Common stock shares authorized | 16,000,000 | 16,000,000 |
Common stock shares issued | 9,128,662 | 9,128,662 |
Common stock par value (in Dollars per share) | $0.01 | $0.01 |
Treasury stock, shares | 4,704,313 | 4,705,073 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest income: | ' | ' | ' |
Loans receivable | $21,887 | $29,257 | $36,776 |
Securities available for sale: | ' | ' | ' |
Mortgage-backed and related | 300 | 604 | 1,098 |
Other marketable | 614 | 737 | 1,451 |
Cash equivalents | 129 | 101 | 36 |
Other | 53 | 117 | 180 |
Total interest income | 22,983 | 30,816 | 39,541 |
Interest expense: | ' | ' | ' |
Deposits | 1,804 | 3,741 | 6,847 |
Federal Home Loan Bank advances | 1,485 | 3,398 | 4,288 |
Total interest expense | 3,289 | 7,139 | 11,135 |
Net interest income | 19,694 | 23,677 | 28,406 |
Provision for loan losses | -7,881 | 2,544 | 17,278 |
Net interest income after provision for loan losses | 27,575 | 21,133 | 11,128 |
Non-interest income: | ' | ' | ' |
Fees and service charges | 3,513 | 3,325 | 3,739 |
Loan servicing fees | 1,029 | 964 | 987 |
Gain on sales of loans | 2,102 | 3,574 | 1,656 |
Gain on sale of branch office | 0 | 552 | 0 |
Other | 668 | 575 | 487 |
Total non-interest income | 7,312 | 8,990 | 6,869 |
Non-interest expense: | ' | ' | ' |
Compensation and benefits | 12,680 | 12,452 | 13,553 |
(Gains) losses on real estate owned | -830 | 181 | 2,681 |
Occupancy | 3,338 | 3,358 | 3,741 |
Deposit insurance | 868 | 1,255 | 1,255 |
Data processing | 1,177 | 1,332 | 1,221 |
Other | 5,390 | 6,092 | 7,101 |
Total noninterest expense | 22,623 | 24,670 | 29,552 |
Income (loss) before income tax (benefit) expense | 12,264 | 5,453 | -11,555 |
Income tax (benefit) expense | -14,406 | 132 | 0 |
Net income (loss) | 26,670 | 5,321 | -11,555 |
Preferred stock dividends and discount | -2,068 | -1,861 | -1,821 |
Net income (loss) available to common stockholders | 24,602 | 3,460 | -13,376 |
Other comprehensive loss, net of tax | -625 | -520 | -70 |
Comprehensive income (loss) attributable to common shareholders | $23,977 | $2,940 | ($13,446) |
Basic earnings (loss) per common share (in Dollars per share) | $6.15 | $0.88 | ($3.47) |
Diluted earnings (loss) per common share (in Dollars per share) | $5.71 | $0.86 | ($3.47) |
Consolidated_Statements_of_Sto
Consolidated Statements 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, 2010 | $24,264 | $91 | $56,420 | $55,838 | $541 | ($3,384) | ($64,223) | $69,547 |
Net income (loss) | ' | ' | ' | -11,555 | ' | ' | ' | -11,555 |
Other comprehensive loss | ' | ' | ' | ' | -70 | ' | ' | -70 |
Preferred stock discount amortization | 516 | ' | -516 | ' | ' | ' | ' | 0 |
Stock compensation expense | ' | ' | 29 | ' | ' | ' | ' | 29 |
Unearned compensation restricted stock awards | ' | ' | -2,700 | ' | ' | ' | 2,700 | 0 |
Restricted stock awards forfeited | ' | ' | 12 | ' | ' | ' | -12 | 0 |
Amortization of restricted stock awards | ' | ' | 298 | ' | ' | ' | ' | 298 |
Preferred stock dividends accrued | ' | ' | ' | -1,300 | ' | ' | ' | -1,300 |
Earned employee stock ownership plan shares | ' | ' | -81 | ' | ' | 193 | ' | 112 |
Balance, December 31, 2013 at Dec. 31, 2011 | 24,780 | 91 | 53,462 | 42,983 | 471 | -3,191 | -61,535 | 57,061 |
Net income (loss) | ' | ' | ' | 5,321 | ' | ' | ' | 5,321 |
Other comprehensive loss | ' | ' | ' | ' | -520 | ' | ' | -520 |
Preferred stock discount amortization | 556 | ' | -556 | ' | ' | ' | ' | 0 |
Stock compensation expense | ' | ' | 7 | ' | ' | ' | ' | 7 |
Unearned compensation restricted stock awards | ' | ' | -1,199 | ' | ' | ' | 1,199 | 0 |
Restricted stock awards forfeited | ' | ' | 10 | ' | ' | ' | -10 | 0 |
Amortization of restricted stock awards | ' | ' | 233 | ' | ' | ' | ' | 233 |
Preferred stock dividends accrued | ' | ' | ' | -1,300 | ' | ' | ' | -1,300 |
Earned employee stock ownership plan shares | ' | ' | -162 | ' | ' | 194 | ' | 32 |
Balance, December 31, 2013 at Dec. 31, 2012 | 25,336 | 91 | 51,795 | 47,004 | -49 | -2,997 | -60,346 | 60,834 |
Net income (loss) | ' | ' | ' | 26,670 | ' | ' | ' | 26,670 |
Other comprehensive loss | ' | ' | ' | ' | -625 | ' | ' | -625 |
Preferred stock discount amortization | 664 | ' | -664 | ' | ' | ' | ' | 0 |
Stock compensation expense | ' | ' | 4 | ' | ' | ' | ' | 4 |
Unearned compensation restricted stock awards | ' | ' | -349 | ' | ' | ' | 349 | 0 |
Restricted stock awards forfeited | ' | ' | 208 | ' | ' | ' | -327 | -119 |
Amortization of restricted stock awards | ' | ' | 202 | ' | ' | ' | ' | 202 |
Preferred stock dividends accrued | ' | ' | ' | -1,463 | ' | ' | ' | -1,463 |
Earned employee stock ownership plan shares | ' | ' | -21 | ' | ' | 193 | ' | 172 |
Balance, December 31, 2013 at Dec. 31, 2013 | $26,000 | $91 | $51,175 | $72,211 | ($674) | ($2,804) | ($60,324) | $85,675 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net income (loss) | $26,670 | $5,321 | ($11,555) |
Adjustments to reconcile net income to cash provided by operating activities: | ' | ' | ' |
Provision for loan losses | -7,881 | 2,544 | 17,278 |
Depreciation | 880 | 1,091 | 1,267 |
Amortization of discounts, net | 80 | 98 | 297 |
Amortization of deferred loan fees | -249 | -528 | -465 |
Amortization of mortgage servicing rights | 592 | 732 | 561 |
Capitalized mortgage servicing rights | -568 | -979 | -461 |
Deferred income tax benefit | -14,464 | 0 | 0 |
(Gains) losses on sales of real estate and premises | -830 | 181 | 2,681 |
Gain on sales of loans | -2,102 | -3,574 | -1,656 |
Proceeds from sales of loans held for sale | 84,718 | 131,494 | 64,890 |
Disbursements on loans held for sale | -69,347 | -118,661 | -58,588 |
Amortization of restricted stock awards | 202 | 233 | 297 |
Amortization of unearned ESOP shares | 193 | 194 | 193 |
Cancellation of vested restricted stock awards | -119 | 0 | 0 |
Earned ESOP shares priced below original cost | -21 | -162 | -81 |
Stock option compensation expense | 4 | 7 | 29 |
Gain on sale of branch office | 0 | -552 | 0 |
Decrease in accrued interest receivable | 65 | 431 | 862 |
Decrease in accrued interest payable | -101 | -533 | -312 |
Decrease in other assets | 842 | 696 | 1,342 |
Increase (decrease) in other liabilities | 364 | -1,776 | 380 |
Other, net | 64 | 580 | 381 |
Net cash provided by operating activities | 18,992 | 16,837 | 17,340 |
Cash flows from investing activities: | ' | ' | ' |
Principal collected on securities available for sale | 4,933 | 9,770 | 12,466 |
Proceeds collected on maturity of securities available for sale | 21,000 | 108,000 | 156,900 |
Purchases of securities available for sale | -49,090 | -78,072 | -144,051 |
Purchase of Federal Home Loan Bank stock | -178 | 0 | -17 |
Redemption of Federal Home Loan Bank stock | 3,457 | 159 | 2,538 |
Proceeds from sales of real estate and premises | 5,786 | 7,503 | 5,440 |
Net decrease in loans receivable | 63,814 | 89,591 | 76,114 |
Payment on sale of branch office | 0 | -36,981 | 0 |
Purchases of premises and equipment | -425 | -295 | -201 |
Net cash provided by investing activities | 49,297 | 99,675 | 109,189 |
Cash flows from financing activities: | ' | ' | ' |
Increase (decrease) in deposits | 38,953 | -100,591 | -27,285 |
Proceeds from borrowings | 12,000 | 1 | 10,002 |
Repayment of borrowings | -82,000 | -1 | -62,502 |
Increase (decrease) in customer escrows | -216 | -101 | 115 |
Net cash used by financing activities | -31,263 | -100,692 | -79,670 |
Increase in cash and cash equivalents | 37,026 | 15,820 | 46,859 |
Cash and cash equivalents, beginning of year | 83,660 | 67,840 | 20,981 |
Cash and cash equivalents, end of year | 120,686 | 83,660 | 67,840 |
Supplemental cash flow disclosures: | ' | ' | ' |
Cash paid for interest | 3,390 | 7,672 | 11,447 |
Cash paid for income taxes | 205 | 60 | 0 |
Supplemental noncash flow disclosures: | ' | ' | ' |
Loans transferred to loans held for sale | 12,183 | 8,196 | 5,509 |
Transfer of loans to real estate | 1,563 | 2,225 | 8,732 |
Assets transferred to assets held for sale | 0 | 0 | 1,583 |
Deposits transferred to deposits held for sale | $0 | $0 | $36,048 |
Note_1_Description_of_the_Busi
Note 1 - Description of the Business and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
NOTE 1 Description of the Business and Summary of Significant Accounting Policies | |
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 facilities in Minnesota and Iowa. The Bank has two wholly owned subsidiaries, Osterud Insurance Agency, Inc. (OIA), which offers financial planning products and services and HFSB Property Holdings, LLC (HPH), which acts as an intermediary for the Bank in holding and operating certain foreclosed properties. | |
The consolidated financial statements included herein are for HMN, the Bank, OIA, and HPH. All significant intercompany accounts and transactions have been eliminated in consolidation. | |
The Company evaluated subsequent events through the filing date of our annual 10-K with the Securities and Exchange Commission on March 11, 2014. | |
Use of Estimates | |
In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ from those estimates. | |
An estimate that is particularly susceptible to change relates to the determination of the allowance for loan losses. Management believes that the allowance for loan losses is appropriate to cover probable losses inherent in the portfolio at the date of the balance sheet. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in economic conditions and other factors. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the allowance for loan losses. Such agencies may require changes to the allowance based on their judgment about information available to them at the time of their examination. | |
Cash and Cash Equivalents | |
The Company considers highly liquid investments with original maturities of three months or less to be cash equivalents. | |
Securities | |
Securities are accounted for according to their purpose and holding period. The Company classifies its debt and equity securities in one of three categories: | |
Trading Securities | |
Securities held principally for resale in the near term are classified as trading securities and are recorded at their fair values. Unrealized gains and losses on trading securities are included in other income. | |
Securities Held to Maturity | |
Securities that the Company has the positive intent and ability to hold to maturity are reported at cost and adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity. Unrealized losses on securities held to maturity reflecting a decline in value judged to be other than temporary are charged to income and a new cost basis is established. | |
Securities Available for Sale | |
Securities available for sale consist of securities not classified as trading securities or as securities held to maturity. They include securities that management intends to use as part of its asset/liability strategy or that may be sold in response to changes in interest rates, changes in prepayment risk, or similar factors. Unrealized gains and losses, net of income taxes, are reported as a separate component of stockholders’ equity until realized. Gains and losses on the sale of securities available for sale are determined using the specific identification method and recognized on the trade date. Premiums and discounts are recognized in interest income using the interest method over the period to maturity. Unrealized losses on securities available for sale reflecting a decline in value judged to be other than temporary are charged to income and a new cost basis is established. | |
Management monitors the investment security portfolio for impairment on an individual security basis and has a process in place to identify securities that could potentially have a credit impairment that is other than temporary. This process involves analyzing the length of time and extent to which the fair value has been less than the amortized cost basis, the market liquidity for the security, the financial condition and near-term prospects of the issuer, expected cash flows, and the Company's intent and ability to hold the investment for a period of time sufficient to recover the temporary loss, including determining whether it is more-likely-than-not that the Company will be required to sell the security prior to recovery. To the extent it is determined that a security is deemed to be other-than-temporarily impaired, an impairment loss is recognized. | |
Loans Held for Sale | |
Mortgage loans originated or purchased which are intended for sale in the secondary market are carried at the lower of cost or estimated market value in the aggregate. Net fees and costs associated with acquiring or originating loans held for sale are deferred and included in the basis of the loan in determining the gain or loss on the sale of the loans. Gains on the sale of loans are recognized on the settlement date. Net unrealized losses are recognized through a valuation allowance by charges to income. | |
Loans Receivable, net | |
Loans receivable, net, are carried at amortized cost. Loan origination fees received, net of certain loan origination costs, are deferred as an adjustment to the carrying value of the related loans, and are amortized into income using the interest method over the estimated life of the loans. | |
Premiums and discounts on purchased loans are amortized into interest income using the interest method over the period to contractual maturity, adjusted for estimated prepayments. | |
The allowance for loan losses is maintained at an amount considered to be appropriate by management to provide for probable losses inherent in the loan portfolio as of the balance sheet dates. The allowance for loan losses is based on a quarterly analysis of the loan portfolio. In this analysis, management considers factors including, but not limited to, specific occurrences which include loan impairment, changes in the size of the portfolios, general economic conditions, demand for single-family homes, demand for commercial real estate and building lots, loan portfolio composition and historical loss experience. In connection with the determination of the allowance for loan losses, management obtains independent appraisals for significant properties or other collateral securing delinquent loans. The allowance for loan losses is established for known problem loans, as well as for loans which are not currently known to require an allowance. | |
Loans are charged off to the extent they are deemed to be uncollectible. The appropriateness of the allowance for loan losses is dependent upon management’s estimates of variables affecting valuation, appraisals of collateral, evaluations of performance and status, and the amounts and timing of future cash flows expected to be received on impaired loans. Such estimates, appraisals, evaluations and cash flows may be subject to frequent adjustments due to changing economic prospects of borrowers or properties. The estimates are reviewed periodically and adjustments, if any, are recorded in the provision for loan losses in the periods in which the adjustments become known. | |
Interest income is recognized on an accrual basis except when collectability is in doubt. When loans are placed on a non-accrual basis, generally when the loan is 90 days past due, previously accrued but unpaid interest is reversed from income. If the ultimate collectability of a loan is in doubt and the loan is placed in nonaccrual status, the cost recovery method is used and cash collected is applied to first reduce the principal outstanding. Generally, the Company returns a loan to accrual status when all delinquent interest and principal becomes current under the terms of the loan agreement and collectability of remaining principal and interest is no longer doubtful. | |
All impaired loans are valued at the present value of expected future cash flows discounted at the loan's initial effective interest rate. The fair value of the collateral of an impaired collateral-dependent loan or an observable market price, if one exists, may be used as an alternative to discounting. If the value of the impaired loan is less than the recorded investment in the loan, the impaired amount is charged off. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans include all loans which are on non-accrual, delinquent as to principal and interest for 90 days or greater, or restructured in a troubled debt restructuring involving a modification of terms. All non-accruing loans are reviewed for impairment on an individual basis. | |
Included in loans receivable, net, are certain loans that have been modified in order to maximize collection of the loan balances. The Company evaluates all loan modifications and if the Company, for legal or economic reasons related to the borrower's financial difficulties, grants a concession compared to the original terms and conditions of the loan that the Company would not otherwise consider, the modified loan is considered a troubled debt restructuring (TDR) and classified as an impaired loan. If the TDR loan was performing (accruing) prior to the modification, it typically will remain accruing after the modification as long as it continues to perform according to the modified terms. If the TDR loan was non-performing (non-accruing) prior to the modification, it will remain non-accruing after the modification for a minimum of six months. If the loan performs according to the modified terms for a minimum of six months, it typically will be returned to accruing status. In general, there are two conditions in which a TDR loan is no longer considered to be a TDR and potentially not classified as impaired. The first condition is whether the loan is refinanced with terms that reflect normal terms for the type of credit involved. The second condition is whether the loan is repaid or charged off. | |
Mortgage Servicing Rights | |
Mortgage servicing rights are capitalized at fair value and amortized in proportion to, and over the period of, estimated net servicing income. The Company evaluates its capitalized mortgage servicing rights for impairment each quarter. Loan type and note rate are the predominant risk characteristics of the underlying loans used to stratify capitalized mortgage servicing rights for purposes of measuring impairment. Any impairment is recognized through a valuation allowance. | |
Real Estate, net | |
Real estate acquired through loan foreclosure or deed in lieu of foreclosure, is initially recorded at the fair value less estimated selling costs. Valuations are reviewed quarterly by management and an allowance for losses is established if the carrying value of a property exceeds its fair value less estimated selling costs. | |
Premises and Equipment | |
Land is carried at cost. Office buildings, improvements, furniture and equipment are carried at cost less accumulated depreciation. Depreciation is computed on a straight-line basis over estimated useful lives of 5 to 40 years for office buildings and improvements and 3 to 10 years for furniture and equipment. | |
Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of | |
The Company reviews long-lived assets and certain identifiable intangibles for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. | |
Stock Based Compensation | |
The Company recognizes the grant-date fair value of stock option and restricted stock awards issued as compensation expense, amortized over the vesting period. | |
Employee Stock Ownership Plan (ESOP) | |
The Company has an ESOP that borrowed funds from the Company and purchased shares of HMN common stock. The Company makes quarterly principal and interest payments on the ESOP loan. As the debt is repaid, ESOP shares that were pledged as collateral for the debt are released from collateral and allocated to eligible employees based on the proportion of debt service paid in the year. The Company accounts for its ESOP in accordance with ASC 718, Employers' Accounting for Employee Stock Ownership Plans. Accordingly, the shares pledged as collateral are reported as unearned ESOP shares in stockholders' equity. As shares are determined to be ratably released from collateral, the Company reports compensation expense equal to the current market price of the shares, and the shares become outstanding for earnings per share computations. | |
Income Taxes | |
Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is required to be recognized if it is “more likely than not” that the deferred tax asset will not be realized. The determination of the realizability of the deferred tax asset is subjective and dependent upon judgment concerning management’s evaluation of both positive and negative evidence regarding the ultimate realizability of deferred tax assets. | |
Preferred Stock Dividends and Discount | |
The proceeds received from the preferred stock and warrant issued to the U.S. Treasury were allocated between the preferred stock and the warrant based on their relative fair values at the time of issuance in accordance with the requirements of ASC 470, Accounting for Convertible Debt Issued with Stock Purchase Warrants. Because of the increasing rate dividend feature of the preferred shares, the discount on the warrant was amortized using the constant effective yield method over the five year period preceding the scheduled rate increase on the preferred stock in accordance with the requirements of ASC 505. | |
Earnings (loss) per Common Share | |
Basic earnings (loss) per common share excludes dilution and is computed by dividing the income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the entity. Options and restricted stock awards are excluded from the earnings per share calculation when a net loss is incurred as their inclusion in the calculation would be anti-dilutive and result in a lower loss per common share. | |
Comprehensive Income (Loss) | |
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. | |
Segment Information | |
The amount of each segment item reported is the measure reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segment and assessing its performance. Adjustments and eliminations made in preparing an enterprise’s general-purpose financial statements and allocations of revenues, expenses and gains or losses are included in determining reported segment profit or loss if they are included in the measure of the segment’s profit or loss that is used by the chief operating decision maker. Similarly, only those assets that are included in the measure of the segment’s assets that are used by the chief operating decision maker are reported for that segment. | |
New Accounting Pronouncements | |
In January 2013, 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 in the first quarter of 2013 did not have any impact on the Company’s consolidated financial statements as it has no outstanding rights of setoff. | |
In February 2013, the FASB issued ASU 2013-02, Other Comprehensive Income (Topic 220). The amendments in this ASU supersede and replace the presentation requirements of reclassifications out of accumulated other comprehensive income in ASU’s 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 in the first quarter of 2013 did not have a material impact on the Company’s consolidated financial statements. | |
In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40) Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments in this ASU clarify when a repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. Under the amendment, physical possession occurs, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The ASU is intended to reduce diversity in practice and is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The adoption of this ASU in the first quarter of 2015 is not anticipated to have a material impact on the Company’s consolidated financial statements. | |
Derivative Financial Instruments | |
The Company uses derivative financial instruments in order to manage the interest rate risk on residential loans held for sale and its commitments to extend credit for residential loans. The Company may also from time to time use interest rate swaps to manage interest rate risk. Derivative financial instruments include commitments to extend credit and forward mortgage loan sales commitments. |
Note_2_Other_Comprehensive_Inc
Note 2 - Other Comprehensive Income (Loss) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||||||||||||||||||||||||||||||
NOTE 2 Other Comprehensive Loss | |||||||||||||||||||||||||||||||||||||
The components of other comprehensive loss and the related tax effects were as follows: | |||||||||||||||||||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Before | Tax | Net | Before | Tax | Net | Before | Tax | Net | ||||||||||||||||||||||||||||
Securities available for sale: | Tax | Effect | of Tax | Tax | Effect | of Tax | Tax | Effect | of Tax | ||||||||||||||||||||||||||||
Gross unrealized losses arising during the period | $ | (1,272 | ) | (647 | ) | (625 | ) | (520 | ) | 0 | (520 | ) | (70 | ) | 0 | (70 | ) | ||||||||||||||||||||
Less reclassification of net gains included in net income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
Net unrealized losses arising during the period | (1,272 | ) | (647 | ) | (625 | ) | (520 | ) | 0 | (520 | ) | (70 | ) | 0 | (70 | ) | |||||||||||||||||||||
Other comprehensive loss | $ | (1,272 | ) | (647 | ) | (625 | ) | (520 | ) | 0 | (520 | ) | (70 | ) | 0 | (70 | ) | ||||||||||||||||||||
Note_3_Securities_Available_Fo
Note 3 - Securities Available For Sale | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||
NOTE 3 Securities Available for Sale | |||||||||||||||||||||||||||||||||
A summary of securities available for sale at December 31, 2013 and 2012 is as follows: | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized cost | Gross | Gross | Fair value | |||||||||||||||||||||||||||||
unrealized | unrealized | ||||||||||||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||
FHLMC | $ | 2,749 | 183 | 0 | 2,932 | ||||||||||||||||||||||||||||
FNMA | 2,150 | 131 | 0 | 2,281 | |||||||||||||||||||||||||||||
4,899 | 314 | 0 | 5,213 | ||||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 103,030 | 1 | (637 | ) | 102,394 | ||||||||||||||||||||||||||||
Corporate preferred stock | 700 | 0 | (420 | ) | 280 | ||||||||||||||||||||||||||||
Corporate equity | 58 | 11 | 0 | 69 | |||||||||||||||||||||||||||||
103,788 | 12 | (1,057 | ) | 102,743 | |||||||||||||||||||||||||||||
$ | 108,687 | 326 | (1,057 | ) | 107,956 | ||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
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 Company did not sell any available for sale securities and did not recognize any gains or losses on investments in 2013, 2012, or 2011. | |||||||||||||||||||||||||||||||||
The following table presents amortized cost and estimated fair value of securities available for sale at December 31, 2013 based upon contractual maturity adjusted for scheduled repayments of principal and projected prepayments of principal based upon current economic conditions and interest rates. Actual maturities may differ from the maturities in the following table because obligors may have the right to call or prepay obligations with or without call or prepayment penalties: | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Fair | |||||||||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||||||||||
Due one year or less | $ | 77,995 | 77,645 | ||||||||||||||||||||||||||||||
Due after one year through five years | 29,903 | 29,929 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 31 | 33 | |||||||||||||||||||||||||||||||
Due after ten years | 758 | 349 | |||||||||||||||||||||||||||||||
Total | $ | 108,687 | 107,956 | ||||||||||||||||||||||||||||||
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 following table shows the gross unrealized losses and fair values 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 December 31, 2013 and 2012: | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Less Than Twelve Months | Twelve Months or More | Total | ||||||||||||||||||||||||||||||
31-Dec-13 | # of | Fair | Unrealized Losses | # of | Fair | Unrealized Losses | Fair | Unrealized Losses | |||||||||||||||||||||||||
Investments | Value | Investments | Value | Value | |||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 20 | $ | 93,390 | (637 | ) | 0 | $ | 0 | 0 | $ | 93,390 | (637 | ) | ||||||||||||||||||||
Corporate preferred stock | 0 | 0 | 0 | 1 | 280 | (420 | ) | 280 | (420 | ) | |||||||||||||||||||||||
Total temporarily impaired securities | 20 | $ | 93,390 | (637 | ) | 1 | $ | 280 | (420 | ) | $ | 93,670 | (1,057 | ) | |||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
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 on U. S. Government agency obligations are the result of changes in interest rates. The unrealized losses reported for corporate preferred stock at December 31, 2013 relates 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 over the past several years due to increased provisions for loan losses but still met the regulatory requirements to be considered “well capitalized” based on its most recent regulatory filing in 2013. Based on a review of the issuer, it was determined that the trust preferred security was not other-than-temporarily impaired at December 31, 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. |
Note_4_Loans_Receivable_Net
Note 4 - Loans Receivable, Net | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||
NOTE 4 Loans Receivable, Net | |||||||||||||||||
A summary of loans receivable at December 31 is as follows: | |||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||
Residential real estate loans: | |||||||||||||||||
1-4 family conventional | $ | 75,958 | 96,512 | ||||||||||||||
1-4 family FHA | 464 | 479 | |||||||||||||||
1-4 family VA | 45 | 46 | |||||||||||||||
76,467 | 97,037 | ||||||||||||||||
Commercial real estate: | |||||||||||||||||
Lodging | 33,603 | 31,020 | |||||||||||||||
Retail/office | 42,490 | 66,159 | |||||||||||||||
Nursing home/health care | 6,558 | 22,205 | |||||||||||||||
Land developments | 28,643 | 36,691 | |||||||||||||||
Golf courses | 6,574 | 7,193 | |||||||||||||||
Restaurant/bar/café | 3,609 | 3,057 | |||||||||||||||
Alternative fuel plants | 9,783 | 13,911 | |||||||||||||||
Warehouse | 9,180 | 7,570 | |||||||||||||||
Construction: | |||||||||||||||||
1-4 family builder | 7,299 | 6,659 | |||||||||||||||
Multi-family | 0 | 3,811 | |||||||||||||||
Commercial real estate | 552 | 1,960 | |||||||||||||||
Manufacturing | 11,344 | 11,196 | |||||||||||||||
Churches/community service | 7,199 | 3,731 | |||||||||||||||
Multi-family | 8,113 | 11,756 | |||||||||||||||
Other | 19,503 | 17,988 | |||||||||||||||
194,450 | 244,907 | ||||||||||||||||
Consumer: | |||||||||||||||||
Autos | 971 | 623 | |||||||||||||||
Home equity line | 36,178 | 36,521 | |||||||||||||||
Home equity | 11,629 | 11,390 | |||||||||||||||
Consumer – secured | 1,070 | 1,184 | |||||||||||||||
Land/lot loans | 1,827 | 2,246 | |||||||||||||||
Savings | 177 | 220 | |||||||||||||||
Mobile home | 360 | 449 | |||||||||||||||
Consumer – unsecured | 1,211 | 1,342 | |||||||||||||||
53,423 | 53,975 | ||||||||||||||||
Commercial business | 71,709 | 79,854 | |||||||||||||||
Total loans | 396,049 | 475,773 | |||||||||||||||
Less: | |||||||||||||||||
Unamortized discounts | 33 | 33 | |||||||||||||||
Net deferred loan fees | 0 | 87 | |||||||||||||||
Allowance for loan losses | 11,401 | 21,608 | |||||||||||||||
Total loans receivable, net | $ | 384,615 | 454,045 | ||||||||||||||
Commitments to originate or purchase loans | $ | 39,507 | 5,392 | ||||||||||||||
Commitments to deliver loans to secondary market | $ | 2,025 | 7,046 | ||||||||||||||
Weighted average contractual rate of loans in portfolio | 4.71 | % | 5.01 | % | |||||||||||||
Included in total commitments to originate or purchase loans are fixed rate loans aggregating $26.3 million and $5.4 million as of December 31, 2013 and 2012, respectively. The interest rates on these loan commitments ranged from 3.38% to 5.79% at December 31, 2013 and from 2.50% to 5.50% at December 31, 2012. | |||||||||||||||||
The aggregate amounts of loans to executive officers and directors of the Company was $3.1 million, $3.1 million and $4.0 million at December 31, 2013, 2012 and 2011. During 2013, repayments on loans to executive officers and directors were $106,000, new loans to executive officers and directors totaled $281,000, there were no sales of executive officer and director loans and loans closed or paid off were $146,000. During 2012, repayments on loans to executive officers and directors were $54,000, new loans to executive officers and directors totaled $198,000, sales of executive officer and director loans were $198,000, and net loans removed from the executive officer listing due to change in status of the officer or loan were $943,000. All loans were made in the ordinary course of business on normal credit terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties and did not involve more than the normal risk of collectability or present other unfavorable features. | |||||||||||||||||
At December 31, 2013, 2012, and 2011, the Company was servicing loans for others with aggregate unpaid principal balances of approximately $411.8 million, $428.2 million, and $417.4 million, respectively. | |||||||||||||||||
The Company originates residential, commercial real estate and other loans primarily in Minnesota and Iowa. At December 31, 2013 and 2012, the Company had in its portfolio single-family and multi-family residential loans located in the following states: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Dollars in thousands) | Amount | Percent | Amount | Percent | |||||||||||||
of Total | of Total | ||||||||||||||||
Iowa | $ | 3,793 | 5 | % | $ | 4,503 | 4.6 | % | |||||||||
Minnesota | 69,219 | 90.5 | 88,364 | 91.1 | |||||||||||||
Wisconsin | 1,770 | 2.3 | 2,319 | 2.4 | |||||||||||||
Other states | 1,685 | 2.2 | 1,851 | 1.9 | |||||||||||||
Total | $ | 76,467 | 100 | % | $ | 97,037 | 100 | % | |||||||||
Amounts under one million dollars in both years are included in “Other states”. | |||||||||||||||||
At December 31, 2013 and 2012, the Company had in its portfolio commercial real estate loans located in the following states: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Dollars in thousands) | Amount | Percent | Amount | Percent | |||||||||||||
of Total | of Total | ||||||||||||||||
Florida | $ | 2,312 | 1.2 | % | $ | 4,458 | 1.8 | % | |||||||||
Idaho | 3,936 | 2 | 4,348 | 1.8 | |||||||||||||
Indiana | 5,023 | 2.6 | 6,461 | 2.7 | |||||||||||||
Iowa | 1,267 | 0.6 | 2,732 | 1.1 | |||||||||||||
Kansas | 0 | 0 | 1,014 | 0.4 | |||||||||||||
Minnesota | 163,040 | 83.9 | 209,935 | 85.7 | |||||||||||||
North Carolina | 5,576 | 2.9 | 7,161 | 2.9 | |||||||||||||
North Dakota | 1,282 | 0.7 | 0 | 0 | |||||||||||||
Wisconsin | 10,589 | 5.4 | 8,091 | 3.3 | |||||||||||||
Other states | 1,425 | 0.7 | 707 | 0.3 | |||||||||||||
Total | $ | 194,450 | 100 | % | $ | 244,907 | 100 | % | |||||||||
Amounts under one million dollars in both years are included in “Other states”. |
Note_5_Allowance_for_Loan_Loss
Note 5 - Allowance for Loan Losses and Credit Quality Information | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Allowance For Loan Losses And Credit Quality Information [Abstract] | ' | ||||||||||||||||||||||||||||
Allowance For Loan Losses And Credit Quality Information [Text Block] | ' | ||||||||||||||||||||||||||||
NOTE 5 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 | |||||||||||||||||||||||||||||
Balance, December 31, 2010 | $ | 2,145 | 24,590 | 924 | 15,169 | 42,828 | |||||||||||||||||||||||
Provision for losses | 2,081 | 11,785 | 482 | 2,930 | 17,278 | ||||||||||||||||||||||||
Charge-offs | (508 | ) | (23,012 | ) | (270 | ) | (15,512 | ) | (39,302 | ) | |||||||||||||||||||
Recoveries | 0 | 259 | 23 | 2,802 | 3,084 | ||||||||||||||||||||||||
Balance, December 31, 2011 | 3,718 | 13,622 | 1,159 | 5,389 | 23,888 | ||||||||||||||||||||||||
Provision for losses | (834 | ) | 3,864 | 686 | (1,172 | ) | 2,544 | ||||||||||||||||||||||
Charge-offs | (63 | ) | (5,719 | ) | (1,071 | ) | (2,464 | ) | (9,317 | ) | |||||||||||||||||||
Recoveries | 0 | 1,821 | 372 | 2,300 | 4,493 | ||||||||||||||||||||||||
Balance, December 31, 2012 | 2,821 | 13,588 | 1,146 | 4,053 | 21,608 | ||||||||||||||||||||||||
Provision for losses | (1,206 | ) | (5,190 | ) | 347 | (1,832 | ) | (7,881 | ) | ||||||||||||||||||||
Charge-offs | (200 | ) | (3,711 | ) | (484 | ) | (651 | ) | (5,046 | ) | |||||||||||||||||||
Recoveries | 213 | 1,771 | 97 | 639 | 2,720 | ||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 1,628 | 6,458 | 1,106 | 2,209 | 11,401 | |||||||||||||||||||||||
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 | $ | 404 | 2,403 | 382 | 589 | 3,778 | |||||||||||||||||||||||
General reserves | 1,224 | 4,055 | 724 | 1,620 | 7,623 | ||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 1,628 | 6,458 | 1,106 | 2,209 | 11,401 | |||||||||||||||||||||||
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 December 31, 2013: | |||||||||||||||||||||||||||||
Individually reviewed for impairment | $ | 1,888 | 17,190 | 917 | 1,281 | 21,276 | |||||||||||||||||||||||
Collectively reviewed for impairment | 74,579 | 177,260 | 52,506 | 70,428 | 374,773 | ||||||||||||||||||||||||
Ending balance | $ | 76,467 | 194,450 | 53,423 | 71,709 | 396,049 | |||||||||||||||||||||||
The following table summarizes the amount of classified and unclassified loans at December 31: | |||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
Classified | Unclassified | ||||||||||||||||||||||||||||
(Dollars in thousands) | Special Mention | Substandard | Doubtful | Loss | Total | Total | Total Loans | ||||||||||||||||||||||
1-4 family | $ | 738 | 6,987 | 322 | 0 | 8,047 | 68,420 | 76,467 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 19,229 | 0 | 0 | 19,229 | 13,755 | 32,984 | ||||||||||||||||||||||
Other | 5,337 | 13,092 | 0 | 0 | 18,429 | 143,037 | 161,466 | ||||||||||||||||||||||
Consumer | 0 | 524 | 152 | 240 | 916 | 52,507 | 53,423 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 401 | 0 | 0 | 401 | 5,933 | 6,334 | ||||||||||||||||||||||
Other | 1,419 | 6,433 | 0 | 0 | 7,852 | 57,523 | 65,375 | ||||||||||||||||||||||
$ | 7,494 | 46,666 | 474 | 240 | 54,874 | 341,175 | 396,049 | ||||||||||||||||||||||
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, performing substandard, and non-performing loans categorized as substandard, doubtful and loss. Loans classified as special mention are loans that have potential weaknesses that, if left uncorrected, may result in deterioration of the repayment prospects for the asset or in the Bank’s credit position at some future date. 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. Substandard loans 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 December 31 are summarized as follows: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 30-59 Days Past Due | 60-89 Days Past Due | 90 Days or More Past Due | Total Past Due | Current Loans | Total Loans | Loans 90 Days or More Past Due and Still Accruing | ||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
1-4 family | $ | 1,542 | 128 | 322 | 1,992 | 74,475 | 76,467 | 0 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 1,426 | 0 | 1,426 | 31,558 | 32,984 | 0 | ||||||||||||||||||||||
Other | 0 | 0 | 0 | 0 | 161,466 | 161,466 | 0 | ||||||||||||||||||||||
Consumer | 418 | 256 | 57 | 731 | 52,692 | 53,423 | 0 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 1,934 | 0 | 1,934 | 4,400 | 6,334 | 0 | ||||||||||||||||||||||
Other | 800 | 104 | 0 | 904 | 64,471 | 65,375 | 0 | ||||||||||||||||||||||
$ | 2,760 | 3,848 | 379 | 6,987 | 389,062 | 396,049 | 0 | ||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||
At December 31, 2012, there was one commercial business line of credit loan with an outstanding balance of $7.4 million that was past due more than 90 days and still accruing interest. This loan was considered to be in the process of collection as funds to fully pay off the loan were held in escrow at December 31, 2012 and were received by the Company in January 2013. | |||||||||||||||||||||||||||||
Impaired loans include loans that are non-performing (non-accruing) and loans that have been modified in a troubled debt restructuring. The following table summarizes impaired loans and related allowances for the years ended December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 88 | 88 | 0 | 1,304 | 2 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 8,257 | 13,636 | 0 | 9,122 | 81 | ||||||||||||||||||||||||
Other | 52 | 52 | 0 | 350 | 55 | ||||||||||||||||||||||||
Consumer | 487 | 491 | 0 | 350 | 12 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 93 | 296 | 0 | 91 | 2 | ||||||||||||||||||||||||
Other | 0 | 0 | 0 | 7 | 0 | ||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 1,800 | 1,844 | 404 | 2,417 | 36 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 7,994 | 12,725 | 2,260 | 12,414 | 54 | ||||||||||||||||||||||||
Other | 888 | 888 | 143 | 1,977 | 202 | ||||||||||||||||||||||||
Consumer | 429 | 429 | 382 | 1,057 | 14 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 29 | 0 | ||||||||||||||||||||||||
Other | 1,188 | 1,984 | 589 | 1,647 | 36 | ||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 1,888 | 1,932 | 404 | 3,721 | 38 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 16,251 | 26,361 | 2,260 | 21,536 | 135 | ||||||||||||||||||||||||
Other | 940 | 940 | 143 | 2,327 | 257 | ||||||||||||||||||||||||
Consumer | 916 | 920 | 382 | 1,407 | 26 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 93 | 296 | 0 | 120 | 2 | ||||||||||||||||||||||||
Other | 1,188 | 1,984 | 589 | 1,654 | 36 | ||||||||||||||||||||||||
$ | 21,276 | 32,433 | 3,778 | 30,765 | 494 | ||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 1,617 | 1,617 | 0 | 2,973 | 66 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 10,714 | 15,530 | 0 | 10,744 | 386 | ||||||||||||||||||||||||
Other | 640 | 640 | 0 | 2,669 | 22 | ||||||||||||||||||||||||
Consumer | 393 | 400 | 0 | 390 | 26 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 102 | 1,038 | 0 | 235 | 0 | ||||||||||||||||||||||||
Other | 34 | 534 | 0 | 1,252 | 0 | ||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 3,070 | 3,114 | 571 | 3,638 | 61 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 14,061 | 16,545 | 1,669 | 14,514 | 242 | ||||||||||||||||||||||||
Other | 2,780 | 3,133 | 921 | 3,973 | 10 | ||||||||||||||||||||||||
Consumer | 1,430 | 1,430 | 537 | 1,301 | 85 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 74 | 74 | 62 | 146 | 0 | ||||||||||||||||||||||||
Other | 2,185 | 2,936 | 1,053 | 3,515 | 48 | ||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 4,687 | 4,731 | 571 | 6,611 | 127 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 24,775 | 32,075 | 1,669 | 25,258 | 628 | ||||||||||||||||||||||||
Other | 3,420 | 3,773 | 921 | 6,642 | 32 | ||||||||||||||||||||||||
Consumer | 1,823 | 1,830 | 537 | 1,691 | 111 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 176 | 1,112 | 62 | 381 | 0 | ||||||||||||||||||||||||
Other | 2,219 | 3,470 | 1,053 | 4,767 | 48 | ||||||||||||||||||||||||
$ | 37,100 | 46,991 | 4,813 | 45,350 | 946 | ||||||||||||||||||||||||
At December 31, 2013, 2012 and 2011, non-accruing loans totaled $17.5 million, $30.0 million and $34.0 million, respectively, for which the related allowance for loan losses was $3.4 million, $3.9 million and $5.2 million, respectively. 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 $7.8 million, $10.3 million and $14.8 million, respectively. Had the loans performed in accordance with their original terms, the Company would have recorded gross interest income on the loans of $1.8 million, $2.4 million and $3.2 million in 2013, 2012 and 2011, respectively. For the years ended December 31, 2013, 2012 and 2011, the Company recognized interest income on these loans of $0.1 million, $0.5 million and $0.7 million, respectively. All of the interest income that was recognized for non-accruing loans was recognized using the cash basis method of income recognition. Non-accrual loans also include some of the loans that have had terms modified in a troubled debt restructuring. | |||||||||||||||||||||||||||||
The following table summarizes non-accrual loans at December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
1-4 family | $ | 1,602 | 2,492 | ||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 14,146 | 23,652 | |||||||||||||||||||||||||||
Other | 403 | 1,891 | |||||||||||||||||||||||||||
Consumer | 737 | 300 | |||||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 93 | 176 | |||||||||||||||||||||||||||
Other | 515 | 1,464 | |||||||||||||||||||||||||||
$ | 17,496 | 29,975 | |||||||||||||||||||||||||||
Included in loans receivable, net, are certain loans that have been modified in order to maximize collection of loan balances. If the Company, for legal or economic reasons related to the borrower’s financial difficulties, grants a concession compared to the original terms and conditions of the loan, the modified loan is considered a troubled debt restructuring (TDR). | |||||||||||||||||||||||||||||
At December 31, 2013, 2012 and 2011, there were loans included in loans receivable, net, with terms that had been modified in a troubled debt restructuring totaling $19.2 million, $33.1 million and $29.2 million, respectively. Had these loans been performing in accordance with their original terms throughout 2013, 2012 and 2011, the Company would have recorded gross interest income of $1.8 million, $2.5 million and $2.5 million, respectively. During 2013, 2012 and 2011, the Company recorded interest income of $0.5 million, $0.9 million, and $0.6 million on these loans, respectively. For the loans that were modified in 2013, $0.3 million are classified and performing, and $0.8 million are non-performing at December 31, 2013. | |||||||||||||||||||||||||||||
The following table summarizes troubled debt restructurings at December 31: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
1-4 family | $ | 909 | 3,600 | ||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 15,750 | 22,843 | |||||||||||||||||||||||||||
Other | 709 | 3,032 | |||||||||||||||||||||||||||
Consumer | 713 | 1,814 | |||||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 115 | 88 | |||||||||||||||||||||||||||
Other | 1,033 | 1,678 | |||||||||||||||||||||||||||
$ | 19,229 | 33,055 | |||||||||||||||||||||||||||
There were no material commitments to lend additional funds to customers whose loans were restructured or classified as non-accrual at December 31, 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 TDR’s 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. All loans classified as TDR’s 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 Consolidated Balance Sheets, as principal balances may be partially forgiven. The financial effects of TDR’s are presented in the following table and represent the difference between the outstanding recorded balance pre-modification and post-modification, for the periods ending December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
Year ended December 31, 2013 | Year ended December 31, 2012 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | Number of | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | |||||||||||||||||||||||
Contracts | Contracts | ||||||||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||
1-4 family | 2 | $ | 210 | 219 | 33 | $ | 3,991 | 3,979 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 0 | 0 | 11 | 16,280 | 12,585 | |||||||||||||||||||||||
Other | 3 | 754 | 329 | 6 | 2,814 | 2,586 | |||||||||||||||||||||||
Consumer | 21 | 528 | 548 | 28 | 1,715 | 1,729 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 1 | 41 | 41 | 2 | 172 | 80 | |||||||||||||||||||||||
Other | 5 | 194 | 218 | 5 | 706 | 706 | |||||||||||||||||||||||
Total | 32 | $ | 1,727 | 1,355 | 85 | $ | 25,678 | 21,665 | |||||||||||||||||||||
Loans that were restructured within the 12 months preceding December 31, 2013 and 2012 and defaulted during the year are presented in the table below: | |||||||||||||||||||||||||||||
Year ended | Year ended | ||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Outstanding Recorded Investment | Number of | Outstanding Recorded Investment | |||||||||||||||||||||||||
Contracts | Contracts | ||||||||||||||||||||||||||||
Troubled debt restructurings that subsequently defaulted: | |||||||||||||||||||||||||||||
1-4 family | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Other | 0 | 0 | 2 | 159 | |||||||||||||||||||||||||
Consumer | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 1 | 74 | |||||||||||||||||||||||||
Other | 0 | 0 | 2 | 227 | |||||||||||||||||||||||||
Total | 0 | $ | 0 | 5 | $ | 460 | |||||||||||||||||||||||
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 non-accrual 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 accruing 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. | |||||||||||||||||||||||||||||
TDR’s 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 to general reserves as needed. Loans that are not collateral dependent may have additional reserves established if deemed necessary. The allocated allowance for TDR’s was $2.9 million, or 25.6%, of the total $11.4 million in allowance for loan losses at December 31, 2013, and $3.7 million, or 17.2%, of the total $21.6 million in allowance for loan losses at December 31, 2012. |
Note_6_Accrued_Interest_Receiv
Note 6 - Accrued Interest Receivable | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accrued Interest Receivable [Abstract] | ' | ||||||||
Accrued Interest Receivable [Text Block] | ' | ||||||||
NOTE 6 Accrued Interest Receivable | |||||||||
Accrued interest receivable at December 31 is summarized as follows: | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Securities available for sale | $ | 338 | 332 | ||||||
Loans receivable | 1,615 | 1,686 | |||||||
$ | 1,953 | 2,018 | |||||||
Note_7_Mortgage_Servicing_Righ
Note 7 - Mortgage Servicing Rights, Net | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Transfers and Servicing [Abstract] | ' | ||||||||||||||||
Transfers and Servicing of Financial Assets [Text Block] | ' | ||||||||||||||||
NOTE 7 Mortgage Servicing Rights, Net | |||||||||||||||||
A summary of mortgage servicing activity is as follows: | |||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||
Mortgage servicing rights: | |||||||||||||||||
Balance, beginning of year | $ | 1,732 | 1,485 | ||||||||||||||
Originations | 568 | 979 | |||||||||||||||
Amortization | (592 | ) | (732 | ) | |||||||||||||
Balance, end of year | 1,708 | 1,732 | |||||||||||||||
Valuation reserve | 0 | 0 | |||||||||||||||
Mortgage servicing rights, net | $ | 1,708 | 1,732 | ||||||||||||||
Fair value of mortgage servicing rights | $ | 2,801 | 2,126 | ||||||||||||||
All of the single family loans sold where the Company continues to service the loans are serviced for Federal National Mortgage Association (FNMA) under the individual loan sale program. The following is a summary of the risk characteristics of the loans being serviced for FNMA at December 31, 2013: | |||||||||||||||||
(Dollars in thousands) | Loan | Weighted Average | Weighted Average Remaining Term | Number | |||||||||||||
Principal | Interest Rate | (months) | of Loans | ||||||||||||||
Balance | |||||||||||||||||
Original term 30 year fixed rate | $ | 203,957 | 4.36 | % | 302 | 1,746 | |||||||||||
Original term 15 year fixed rate | 120,461 | 3.42 | 145 | 1,347 | |||||||||||||
Adjustable rate | 202 | 3.86 | 321 | 5 | |||||||||||||
The gross carrying amount of mortgage servicing rights and the associated accumulated amortization at December 31, 2013 and 2012 are presented in the following table. Amortization expense for mortgage servicing rights was $0.6 million, $0.7 million, and $0.6 million for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||||||
(Dollars in thousands) | Gross | Accumulated | Unamortized | ||||||||||||||
Carrying | Amortization | Mortgage | |||||||||||||||
Amount | Servicing | ||||||||||||||||
Rights | |||||||||||||||||
31-Dec-13 | |||||||||||||||||
Mortgage servicing rights | $ | 3,638 | (1,930 | ) | 1,708 | ||||||||||||
Total | $ | 3,638 | (1,930 | ) | 1,708 | ||||||||||||
31-Dec-12 | |||||||||||||||||
Mortgage servicing rights | $ | 2,412 | (680 | ) | 1,732 | ||||||||||||
Total | $ | 2,412 | (680 | ) | 1,732 | ||||||||||||
The following table indicates the estimated future amortization expense for amortized mortgage servicing rights: | |||||||||||||||||
(Dollars in thousands) | Mortgage | ||||||||||||||||
Servicing | |||||||||||||||||
Year ended December 31, | Rights | ||||||||||||||||
2014 | $ | 420 | |||||||||||||||
2015 | 401 | ||||||||||||||||
2016 | 354 | ||||||||||||||||
2017 | 262 | ||||||||||||||||
2018 | 158 | ||||||||||||||||
Thereafter | 113 | ||||||||||||||||
$ | 1,708 | ||||||||||||||||
Projections of amortization are based on asset balances and the interest rate environment that existed at December 31, 2013. The Company’s actual experience may be significantly different depending upon changes in mortgage interest rates and other market conditions. |
Note_8_Real_Estate
Note 8 - Real Estate | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Real Estate [Abstract] | ' | ||||||||||||||||||||||||
Real Estate Disclosure [Text Block] | ' | ||||||||||||||||||||||||
NOTE 8 Real Estate | |||||||||||||||||||||||||
A summary of real estate at December 31 is as follows: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(Dollars in thousands) | Residential | Commercial & Other | Total | Residential | Commercial & Other | Total | |||||||||||||||||||
Real estate in judgment subject to redemption | $ | 0 | 0 | 0 | 501 | 1,055 | 1,556 | ||||||||||||||||||
Real estate acquired through foreclosure | 0 | 7,520 | 7,520 | 1,421 | 6,540 | 7,961 | |||||||||||||||||||
Real estate acquired through deed in lieu of foreclosure | 0 | 1,759 | 1,759 | 47 | 5,109 | 5,156 | |||||||||||||||||||
Real estate acquired in satisfaction of debt | 0 | 63 | 63 | 0 | 79 | 79 | |||||||||||||||||||
0 | 9,342 | 9,342 | 1,969 | 12,783 | 14,752 | ||||||||||||||||||||
Allowance for losses | 0 | (2,444 | ) | (2,444 | ) | (374 | ) | (3,783 | ) | (4,157 | ) | ||||||||||||||
$ | 0 | 6,898 | 6,898 | 1,595 | 9,000 | 10,595 | |||||||||||||||||||
Note_9_Premises_and_Equipment
Note 9 - Premises and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
NOTE 9 Premises and Equipment | |||||||||
A summary of premises and equipment at December 31 is as follows: | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Land | $ | 1,978 | 1,978 | ||||||
Office buildings and improvements | 8,490 | 8,725 | |||||||
Furniture and equipment | 11,350 | 12,722 | |||||||
21,818 | 23,425 | ||||||||
Accumulated depreciation | (15,107 | ) | (16,252 | ) | |||||
$ | 6,711 | 7,173 | |||||||
Note_10_Deposits
Note 10 - Deposits | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Deposit Liabilities Disclosures [Text Block] | ' | ||||||||||||||||||||||||
NOTE 10 Deposits | |||||||||||||||||||||||||
Deposits and their weighted average interest rates at December 31 are summarized as follows: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(Dollars in thousands) | Weight | Amount | Percent | Weight Average | Amount | Percent | |||||||||||||||||||
Average | of Total | Rate | of Total | ||||||||||||||||||||||
Rate | |||||||||||||||||||||||||
Noninterest checking | 0 | % | $ | 169,362 | 30.6 | % | 0 | % | $ | 101,198 | 19.6 | % | |||||||||||||
NOW accounts | 0.03 | 70,407 | 12.7 | 0.02 | 71,472 | 13.9 | |||||||||||||||||||
Savings accounts | 0.07 | 44,823 | 8.1 | 0.12 | 42,691 | 8.3 | |||||||||||||||||||
Money market accounts | 0.28 | 139,818 | 25.2 | 0.33 | 111,000 | 21.6 | |||||||||||||||||||
424,410 | 76.6 | 326,361 | 63.4 | ||||||||||||||||||||||
Certificates: | |||||||||||||||||||||||||
0-0.99% | 85,705 | 15.5 | 90,103 | 17.5 | |||||||||||||||||||||
1-1.99% | 38,456 | 6.9 | 81,143 | 15.8 | |||||||||||||||||||||
2-2.99% | 4,798 | 0.9 | 15,063 | 2.9 | |||||||||||||||||||||
3-3.99% | 561 | 0.1 | 2,263 | 0.4 | |||||||||||||||||||||
4-4.99% | 0 | 0 | 18 | 0 | |||||||||||||||||||||
Total certificates | 0.8 | 129,520 | 23.4 | 1.08 | 188,590 | 36.6 | |||||||||||||||||||
Total deposits | 0.26 | $ | 553,930 | 100 | % | 0.48 | $ | 514,951 | 100 | % | |||||||||||||||
At December 31, 2013 and 2012, the Company had $294.3 million and $225.7 million, respectively, of deposit accounts with balances of $100,000 or more. At December 31, 2013 and 2012, the Company had $7.6 million and $15.9 million of certificate accounts, respectively, that had been acquired through a broker. | |||||||||||||||||||||||||
Certificates had the following maturities at December 31: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(Dollars in thousands) | Amount | Weighted | Amount | Weighted | |||||||||||||||||||||
Remaining term to maturity | Average | Average | |||||||||||||||||||||||
Rate | Rate | ||||||||||||||||||||||||
1-6 months | $ | 43,618 | 0.84 | % | $ | 73,451 | 1.1 | % | |||||||||||||||||
7-12 months | 43,462 | 0.64 | 48,782 | 0.88 | |||||||||||||||||||||
13-36 months | 35,542 | 0.86 | 60,498 | 1.16 | |||||||||||||||||||||
Over 36 months | 6,898 | 1.14 | 5,859 | 1.55 | |||||||||||||||||||||
$ | 129,520 | 0.8 | $ | 188,590 | 1.08 | ||||||||||||||||||||
At December 31, 2013, mortgage loans and mortgage-backed and related securities with an amortized cost of approximately $18.9 million were pledged as collateral for certain deposits. An additional $1.0 million of letters of credit from the FHLB were pledged as collateral on Bank deposits. | |||||||||||||||||||||||||
Interest expense on deposits is summarized as follows for the years ended December 31: | |||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||||||||||||||
NOW accounts | $ | 15 | 35 | 57 | |||||||||||||||||||||
Savings accounts | 34 | 67 | 57 | ||||||||||||||||||||||
Money market accounts | 372 | 447 | 746 | ||||||||||||||||||||||
Certificates | 1,383 | 3,192 | 5,987 | ||||||||||||||||||||||
$ | 1,804 | 3,741 | 6,847 | ||||||||||||||||||||||
Note_11_Federal_Home_Loan_Bank
Note 11 - Federal Home Loan Bank Advances and Federal Reserve Borrowings | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Federal Home Loan Bank Advances And Federal Reserve Borrowings [Abstract] | ' | ||||||||||||||||
Federal Home Loan Bank Advances And Federal Reserve Borrowings [Text Block] | ' | ||||||||||||||||
NOTE 11 Federal Home Loan Bank Advances and Federal Reserve Borrowings | |||||||||||||||||
Fixed and variable rate Federal Home Loan Bank advances and Federal Reserve borrowings consisted of the following at December 31: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Dollars in thousands) | Amount | Rate | Amount | Rate | |||||||||||||
Year of Maturity | |||||||||||||||||
2013 | $ | 0 | 0 | % | $ | 70,000 | 4.77 | % | |||||||||
Lines of Credit – Federal Reserve/Federal Home Loan Bank | 0 | 0 | 0 | 0 | |||||||||||||
$ | 0 | 0 | $ | 70,000 | 4.77 | ||||||||||||
As of December 31, 2013, the Bank had no outstanding advances from the FHLB and had collateral pledged to the FHLB consisting of FHLB stock, mortgage loans, and investments with unamortized principal balances of approximately $104.4 million. The Bank has the ability to draw additional borrowings of $103.5 million from the FHLB, based upon the mortgage loans and securities that are currently pledged, subject to approval from the FHLB and a requirement to purchase additional FHLB stock. The Bank also has the ability to draw additional borrowings of $59.1 million from the Federal Reserve Bank, based upon the loans that are currently pledged with them, subject to approval from the Federal Reserve Board. |
Note_12_Income_Taxes
Note 12 - Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||
NOTE 12 Income Taxes | |||||||||||||
Income tax (benefit) expense for the years ended December 31 is as follows: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Current: | |||||||||||||
Federal | $ | 227 | 108 | 0 | |||||||||
State | 64 | 24 | 0 | ||||||||||
Total current | 291 | 132 | 0 | ||||||||||
Deferred: | |||||||||||||
Federal | 3,554 | 1,598 | (4,010 | ) | |||||||||
State | 1,351 | 280 | (873 | ) | |||||||||
Total deferred | 4,905 | 1,878 | (4,883 | ) | |||||||||
Change in valuation allowance | (19,602 | ) | (1,878 | ) | 4,883 | ||||||||
Income tax (benefit) expense | $ | (14,406 | ) | 132 | 0 | ||||||||
The reasons for the difference between expected income tax (benefit) expense utilizing the federal corporate tax rate of 34% and the actual income tax (benefit) expense are as follows: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Expected federal income tax (benefit) expense | $ | 4,170 | 1,854 | (3,929 | ) | ||||||||
Items affecting federal income tax: | |||||||||||||
State income taxes, net of federal income tax expense (benefit) | 706 | 327 | (645 | ) | |||||||||
Tax exempt interest | (69 | ) | (86 | ) | (123 | ) | |||||||
(Decrease) increase in valuation allowance | (19,602 | ) | (1,878 | ) | 4,883 | ||||||||
Other, net | 389 | (85 | ) | (186 | ) | ||||||||
Income tax (benefit) expense | $ | (14,406 | ) | 132 | 0 | ||||||||
The tax effects of temporary differences that give rise to the deferred tax assets and deferred tax liabilities are as follows at December 31: | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||
Deferred tax assets: | |||||||||||||
Allowances for loan and real estate losses | $ | 5,486 | 10,523 | ||||||||||
Deferred compensation costs | 233 | 315 | |||||||||||
Deferred ESOP loan asset | 706 | 717 | |||||||||||
Nonaccruing loan interest | 558 | 800 | |||||||||||
Federal net operating loss carry forward | 3,983 | 5,113 | |||||||||||
State net operating loss carry forward | 2,802 | 3,219 | |||||||||||
Alternative minimum tax credit carryforward | 700 | 0 | |||||||||||
Capitalized other real estate owned expenses | 1,284 | 194 | |||||||||||
Net unrealized loss on securities available for sale | 291 | 0 | |||||||||||
Other | 340 | 265 | |||||||||||
Total gross deferred tax assets | 16,383 | 21,146 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Net unrealized gain on securities available for sale | 0 | 123 | |||||||||||
Deferred loan fees and costs | 284 | 312 | |||||||||||
Premises and equipment basis difference | 132 | 155 | |||||||||||
Originated mortgage servicing rights | 677 | 707 | |||||||||||
Other | 179 | 247 | |||||||||||
Total gross deferred tax liabilities | 1,272 | 1,544 | |||||||||||
Net deferred tax assets | 15,111 | 19,602 | |||||||||||
Valuation allowance | 0 | (19,602 | ) | ||||||||||
Deferred tax assets, net of valuation allowance | $ | 15,111 | 0 | ||||||||||
The Company has cumulative federal net operating loss carryforwards of $16.2 million at December 31, 2013 that expire beginning in 2029. The Company also has state net operating loss carryforwards of $31.8 million at December 31, 2013 that expire beginning in 2023. | |||||||||||||
Retained earnings at December 31, 2013 included approximately $8.8 million for which no provision for income taxes was made. This amount represents allocations of income to bad debt deductions for tax purposes. Reduction of amounts so allocated for purposes other than absorbing losses will create income for tax purposes, which will be subject to the then-current corporate income tax rate. | |||||||||||||
The Company considers the determination of the deferred tax asset amount and the need for any valuation reserve to be a critical accounting policy that requires significant judgment. The Company has, in its judgment, made reasonable assumptions and considered both positive and negative evidence relating to the ultimate realization of deferred tax assets. Positive evidence includes the cumulative net income generated over the prior three year period allowance and the probability that taxable income will be generated in future periods. Negative evidence includes the general business and economic environment. Based upon this evaluation, the Company determined that no valuation allowance was required with respect to the net deferred tax assets at December 31, 2013. |
Note_13_Employee_Benefits
Note 13 - Employee Benefits | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
NOTE 13 Employee Benefits | |||||||||||||||||||||||||||||
All eligible full-time employees of the Bank that were hired prior to 2002 were included in a noncontributory retirement plan sponsored by the Financial Institutions Retirement Fund (FIRF). The Home Federal Savings Bank (Employer #8006) plan participates in the Pentegra Defined Benefit Plan for Financial Institutions (the Pentegra DB Plan). The Pentegra DB Plan’s Employer Identification Number is 13-5645888 and the Plan number is 333. The Pentegra DB Plan operates as a multi-employer plan for accounting purposes and as a multi-employer plan under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. There are no collective bargaining agreements in place that require contributions to the Pentegra DB Plan. | |||||||||||||||||||||||||||||
The Pentegra DB Plan is a single plan under Internal Revenue Code Section 413(c) and, as a result, all of the assets stand behind all of the liabilities. Accordingly, under the Pentegra DB Plan, contributions made by the participating employer may be used to provide benefits to participants of other participating employers. | |||||||||||||||||||||||||||||
Effective September 1, 2002, the accrual of benefits for existing participants was frozen and no new enrollments were permitted into the plan. The actuarial present value of accumulated plan benefits and net assets available for benefits relating to the Bank's employees was not available at December 31, 2013 because such information is not accumulated for each participating institution. As of June 30, 2013, the Pentegra DB Plan valuation report reflected that the Bank was obligated to make a contribution totaling $257,000 which was expensed during 2013. | |||||||||||||||||||||||||||||
Funded status (market value of plan assets divided by funding target) as of July 1 for the 2013, 2012 and 2011 plan years were 89.51%, 95.77% and 80.39%, respectively. Market value of plan assets reflects any contribution received through June 30, 2013. | |||||||||||||||||||||||||||||
Total employer contributions made to the Pentegra DB Plan, as reported on Form 5500, equal $196,473,000, $299,729,000 and $203,582,000 for the plan years ended June 30, 2012, 2011 and 2010, respectively. The Bank’s contributions to the Pentegra DB Plan are not more than 5% of the total contributions to the Pentegra DB Plan. There is no funding improvement plan or rehabilitation plan as part of this multi-employer plan. | |||||||||||||||||||||||||||||
The following contributions were paid by the Bank during the fiscal years ending December 31, | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||
Date Paid | Amount | Date Paid | Amount | Date Paid | Amount | ||||||||||||||||||||||||
10/15/13 | $ | 42 | 1/9/12 | $ | 234 | ** | |||||||||||||||||||||||
12/30/13 | 215 | 10/12/12 | 38 | ||||||||||||||||||||||||||
12/31/12 | 134 | 10/14/11 | $ | 57 | |||||||||||||||||||||||||
Total | $ | 257 | $ | 406 | $ | 57 | |||||||||||||||||||||||
** - An additional contribution of $234,000 was accrued at December 31, 2011 and paid in the first quarter of 2012. | |||||||||||||||||||||||||||||
The Company has a qualified, tax-exempt savings plan with a deferred feature qualifying under Section 401(k) of the Internal Revenue Code (the 401(k) Plan). All employees who have attained 18 years of age are eligible to participate in the 401(k) Plan. Participants are permitted to make contributions to the 401(k) Plan equal to the lesser of 50% of the participant’s annual salary or the maximum allowed by law, which was $17,500 for 2013, $17,000 for 2012 and $16,500 for 2011. The Company matches 25% of each participant’s contributions up to a maximum of 8% of the participant’s annual salary. Participant contributions and earnings are fully and immediately vested. The Company’s contributions are vested on a three year cliff basis, are expensed annually, and were $160,000, $158,000 and $159,000, in 2013, 2012 and 2011, respectively. | |||||||||||||||||||||||||||||
The Company has adopted an Employee Stock Ownership Plan (the ESOP) that meets the requirements of Section 4975(e)(7) of the Internal Revenue Code and Section 407(d)(6) of the Employee Retirement Income Security Act of 1974, as amended (ERISA) and, as such, the ESOP is empowered to borrow in order to finance purchases of the common stock of HMN. The ESOP borrowed $6.1 million from the Company to purchase 912,866 shares of common stock in the initial public offering of HMN. As a result of a merger with Marshalltown Financial Corporation (MFC), the ESOP borrowed $1.5 million to purchase an additional 76,933 shares of HMN common stock to account for the additional employees and avoid dilution of the benefit provided by the ESOP. The ESOP debt requires quarterly payments of principal plus interest at 7.52%. The Company has committed to make quarterly contributions to the ESOP necessary to repay the loans including interest. The Company contributed $525,000 in 2013, $527,000 in 2012 and $525,000 in 2011. | |||||||||||||||||||||||||||||
As the debt is repaid, ESOP shares that were pledged as collateral for the debt are released from collateral and allocated to eligible employees based on the proportion of debt service paid in the year. The Company accounts for its ESOP in accordance with ASU 718, Employers' Accounting for Employee Stock Ownership Plans. Accordingly, the shares pledged as collateral are reported as unearned ESOP shares in stockholders' equity. As shares are determined to be ratably released from collateral, the Company reports compensation expense equal to the current market price of the shares, and the shares become outstanding for earnings per share computations. ESOP compensation expense was $172,000, $68,000 and $58,000, respectively, for 2013, 2012 and 2011. | |||||||||||||||||||||||||||||
All employees of the Bank are eligible to participate in the ESOP after they attain age 18 and complete one year of service during which they worked at least 1,000 hours. A summary of the ESOP share allocation is as follows for the years ended: | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||
Shares allocated to participants beginning of the year | 350,539 | 339,991 | 335,453 | ||||||||||||||||||||||||||
Shares allocated to participants | 24,317 | 24,378 | 24,317 | ||||||||||||||||||||||||||
Shares purchased | 9 | 2,353 | 42 | ||||||||||||||||||||||||||
Shares distributed to participants | (26,978 | ) | (16,183 | ) | (19,821 | ) | |||||||||||||||||||||||
Shares allocated to participants end of year | 347,887 | 350,539 | 339,991 | ||||||||||||||||||||||||||
Unreleased shares beginning of the year | 377,074 | 401,452 | 425,769 | ||||||||||||||||||||||||||
Shares released during year | (24,317 | ) | (24,378 | ) | (24,317 | ) | |||||||||||||||||||||||
Unreleased shares end of year | 352,757 | 377,074 | 401,452 | ||||||||||||||||||||||||||
Total ESOP shares end of year | 700,644 | 727,613 | 741,443 | ||||||||||||||||||||||||||
Fair value of unreleased shares at December 31 | $ | 3,728,641 | 1,308,447 | 778,817 | |||||||||||||||||||||||||
In March 2001, the Company adopted the HMN Financial, Inc. 2001 Omnibus Stock Plan (2001 Plan). In April 2009, this plan was superseded by the HMN Financial, Inc. 2009 Equity and Incentive Plan (2009 Plan) and options or restricted shares may no longer be awarded from the 2001 Plan. As of December 31, 2013, there were 45,540 vested options under the 2001 Plan that remained unexercised. These options expire 10 years from the date of grant and have an average exercise price of $28.21. As of December 31, 2013, all shares of restricted stock granted under the 2001 Plan have vested. | |||||||||||||||||||||||||||||
In April 2009, the Company adopted the 2009 Plan. The purpose of the 2009 Plan is to provide key personnel and advisors with an opportunity to acquire a proprietary interest in the Company. The opportunity to acquire a proprietary interest in the Company will aid in attracting, motivating and retaining key personnel and advisors, including non-employee directors, and will align their interests with those of the Company’s stockholders. 350,000 shares of HMN common stock were initially available for distribution under the 2009 Plan in either restricted stock or stock options, subject to adjustment for future stock splits, stock dividends and similar changes to the capitalization of the Company. Additionally, shares of restricted stock that are awarded are counted as 1.2 shares for purposes of determining the total shares available for issuance under the 2009 Plan. As of December 31, 2013, there were 12,000 vested and 3,000 unvested options under the 2009 Plan that remain unexercised. These options expire 10 years from the date of grant and have an average exercise price of $4.77. | |||||||||||||||||||||||||||||
A summary of activities under all plans for the past three years is as follows: | |||||||||||||||||||||||||||||
Unvested options | |||||||||||||||||||||||||||||
Shares available for grant | Restricted shares | Options outstanding | Award value/ weighted average exercise price | Number | Weighted average grant date fair value | Vesting Period (years) | |||||||||||||||||||||||
outstanding | |||||||||||||||||||||||||||||
2001 Plan | |||||||||||||||||||||||||||||
31-Dec-10 | 0 | 5,441 | 139,450 | $ | 20.07 | 93,808 | $ | 1.43 | |||||||||||||||||||||
Vested | 0 | (5,441 | ) | 0 | 0 | (21,292 | ) | 1.43 | |||||||||||||||||||||
31-Dec-11 | 0 | 0 | 139,450 | 20.07 | 72,516 | 1.43 | |||||||||||||||||||||||
Forfeited/expired | 0 | 0 | (93,910 | ) | 16.13 | 0 | 0 | ||||||||||||||||||||||
Vested | 0 | 0 | 0 | 0 | (72,516 | ) | 1.43 | ||||||||||||||||||||||
31-Dec-12 | 0 | 0 | 45,540 | 28.21 | 0 | 0 | |||||||||||||||||||||||
31-Dec-13 | 0 | 0 | 45,540 | 28.21 | 0 | 0 | |||||||||||||||||||||||
2009 Plan | |||||||||||||||||||||||||||||
31-Dec-10 | 163,883 | 134,043 | 15,000 | 4.77 | 12,000 | 4.41 | |||||||||||||||||||||||
Granted January 27, 2011 | (93,600 | ) | 78,000 | 0 | N/A | 0 | 0 | 3 | |||||||||||||||||||||
Forfeited/expired | 538 | (448 | ) | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Vested | 0 | (48,825 | ) | 0 | 0 | (3,000 | ) | 4.41 | |||||||||||||||||||||
31-Dec-11 | 70,821 | 162,770 | 15,000 | 4.77 | 9,000 | 4.41 | |||||||||||||||||||||||
Granted January 27, 2012 | (43,236 | ) | 36,030 | 0 | N/A | 0 | 0 | 3 | |||||||||||||||||||||
Forfeited | 470 | (392 | ) | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Forfeited/expired | 93,910 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Vested | 0 | (50,075 | ) | 0 | 0 | (3,000 | ) | 4.41 | |||||||||||||||||||||
31-Dec-12 | 121,965 | 148,333 | 15,000 | 4.77 | 6,000 | 4.41 | |||||||||||||||||||||||
Granted October 4, 2013 | (37,531 | ) | 31,276 | 0 | N/A | 3 | |||||||||||||||||||||||
Forfeited | 5,400 | (4,500 | ) | 0 | |||||||||||||||||||||||||
Cancelled | 31,219 | 0 | |||||||||||||||||||||||||||
Vested | (73,303 | ) | 0 | (3,000 | ) | 4.41 | |||||||||||||||||||||||
31-Dec-13 | 121,053 | 101,806 | 15,000 | 4.77 | 3,000 | 4.41 | |||||||||||||||||||||||
Total all plans | 121,053 | 101,806 | 60,540 | $ | 22.4 | 3,000 | $ | 4.41 | |||||||||||||||||||||
Due to the Bank’s participation in the Treasury’s Capital Purchase Program (CPP) (see discussion elsewhere in this report), a portion of the vested restricted stock awards granted to certain executives during the period that Treasury held the preferred shares remain subject to transfer restrictions if, and so long as, the Treasury does not receive repayment of all of the financial assistance provided under the CPP. In accordance with Treasury policy, any such shares that would remain nontransferable indefinitely were to be cancelled. Following the sale by Treasury of the preferred shares to third party investors, approximately 82% of the CPP financial assistance to the Bank had been repaid, meaning that 25% of the shares subject to these restricted stock awards that had vested in 2011, 2012 and 2013 remained nontransferable and subject to possible cancellation. Based on an assessment at the time that these shares were likely to remain restricted indefinitely, they were cancelled during the first half of 2013 and returned to the Bank as treasury stock, and the number of shares cancelled were added back to the total shares available for future equity awards under the 2009 Plan. In light of the Company’s stock price performance since these cancellations occurred, the value that Treasury may be able to realize from the warrant to acquire Company common stock it continues to hold as a result of the CPP may be sufficient to enable all of the CPP financial assistance to the Bank to be repaid, which would eliminate ongoing transfer restrictions on the restricted stock awards that vest in the future and the obligation to cancel any such vested shares. | |||||||||||||||||||||||||||||
The following table summarizes information about stock options outstanding at December 31, 2013: | |||||||||||||||||||||||||||||
Exercise Price | Number Outstanding | Weighted Average Remaining Contractual Life in Years | Number Exercisable | Number Unexercisable | Unrecognized Compensation Expense | Weighted Average Years Over Which Unrecognized Compensation will be Recognized | |||||||||||||||||||||||
$ | 27.66 | 15,540 | 0.2 | 15,540 | 0 | $ | 0 | N/A | |||||||||||||||||||||
26.98 | 15,000 | 0.6 | 15,000 | 0 | 0 | N/A | |||||||||||||||||||||||
30 | 15,000 | 1.4 | 15,000 | 0 | 0 | N/A | |||||||||||||||||||||||
4.77 | 15,000 | 5.4 | 12,000 | 3,000 | 914 | 0.4 | |||||||||||||||||||||||
60,540 | 57,540 | 3,000 | $ | 914 | |||||||||||||||||||||||||
The Company will issue shares from treasury stock upon the exercise of outstanding options. | |||||||||||||||||||||||||||||
Prior to January 1, 2006, the Company used the intrinsic value method as described in APB Opinion No. 25 and related interpretations to account for its stock incentive plans. Accordingly, there were no charges or credits to expense with respect to the granting or exercise of options since the options were issued at fair value on the respective grant dates. On January 1, 2006, the Company adopted ASC 718, which replaced FAS No. 123 and supersedes APB Opinion No. 25. In accordance with this standard, the Company recognized compensation expense in 2013, 2012 and 2011 relating to stock options over the vesting period. The amount of the expense was determined under the fair value method. | |||||||||||||||||||||||||||||
The fair value for each option grant is estimated on the date of the grant using a Black Scholes option valuation model. There were no options granted in 2013, 2012 or 2011. |
Note_14_Earnings_Loss_per_Comm
Note 14 - Earnings (Loss) per Common Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||
NOTE 14 Earnings (Loss) per Common Share | |||||||||||||
The following table reconciles the weighted average shares outstanding and net income (loss) for basic and diluted earnings (loss) per common share: | |||||||||||||
Year ended December 31, | |||||||||||||
(Dollars in thousands, except per share data) | 2013 | 2012 | 2011 | ||||||||||
Weighted average number of common shares outstanding used in basic earnings per common share calculation | 4,001,288 | 3,946,314 | 3,853,491 | ||||||||||
Net dilutive effect of : | |||||||||||||
Options | 266,391 | 0 | 0 | ||||||||||
Restricted stock awards | 42,487 | 84,338 | 0 | ||||||||||
Weighted average number of common shares outstanding adjusted for effect of dilutive securities | 4,310,166 | 4,030,652 | 3,853,491 | ||||||||||
Net income (loss) available to common shareholders | $ | 24,602 | 3,460 | (13,376 | ) | ||||||||
Basic earnings (loss) per common share | $ | 6.15 | 0.88 | (3.47 | ) | ||||||||
Diluted earnings (loss) per common share | $ | 5.71 | 0.86 | (3.47 | ) | ||||||||
Options and restricted stock awards are excluded from the loss per common share calculation when a net loss is incurred as their inclusion in the calculation would be anti-dilutive and result in a lower loss per common share. Therefore, options and restricted stock awards are zero in the 2011 loss per common share calculation. |
Note_15_Stockholders_Equity
Note 15 - Stockholders' Equity | 12 Months Ended |
Dec. 31, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
NOTE 15 Stockholders' Equity | |
The Company did not repurchase any shares of its common stock in the open market during 2013, 2012 or 2011. The Company suspended dividend payments on common stock in the fourth quarter of 2008 due to the net operating loss experienced and the challenging economic environment. | |
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 cumulative perpetual 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 were 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, which increased to 9% on February 15, 2014, until 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 thirteen quarterly dividend payments, beginning with the February 15, 2011 dividend payment. The deferred dividend payments 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 (loss) 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. Treasury did not exercise this right. | |
On February 8, 2013, the Treasury sold the preferred stock issued by the Company 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 with the dividend payment date of 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 Supervisory Agreement with the FRB as described in Note 16, the Company may not declare or pay any cash dividends, or purchase or redeem any capital stock, without prior notice to, and consent of, the FRB. 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, other than certain class voting rights. | |
Treasury continues to hold the warrant to purchase 833,333 shares of the Company’s common stock at an exercise price of $4.68, which Treasury may sell in its discretion, 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 was amortized over the first five years the preferred stock was outstanding. Both the preferred securities and the warrant qualify as Tier 1 capital. | |
In order to grant a priority to eligible accountholders in the event of future liquidation, the Bank, at the time of conversion to a stock savings bank, established a liquidation account equal to its regulatory capital as of September 30, 1993. In the event of future liquidation of the Bank, an eligible accountholder who continues to maintain their deposit account shall be entitled to receive a distribution from the liquidation account. The total amount of the liquidation account will decrease as the balance of eligible accountholders is reduced subsequent to the conversion, based on an annual determination of such balance. |
Note_16_Regulatory_MattersSupe
Note 16 - Regulatory Matters/Supervisory Agreements and IMCR | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | ||||||||||||||||||||||||||||||||
NOTE 16 Regulatory Matters/Supervisory Agreements and IMCR | |||||||||||||||||||||||||||||||||
On July 21, 2011, the OTS was integrated into the OCC, which became the Bank’s primary banking regulator, and the primary banking regulator for the Company became 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 related 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 8.50% by December 31, 2011. The IMCR is discussed more fully below. As required by the Supervisory Agreement, the Bank submitted updated two year business plans in January of 2012, 2013, and 2014. The Bank was required to operate within the parameters of the business plan and was required to monitor and submit periodic reports on its compliance with the plan. The Bank also submitted problem asset reduction plans at the same time that the business plans were submitted. The Bank was required to operate within the parameters of the problem asset plan and was required to monitor and submit periodic reports on its compliance with the plan. 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 agreement. In addition, prior to termination of the Bank Supervisory Agreement, as described below, the Bank could 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 without the consent of the OCC. The Bank believes it was in compliance with all requirements of the Supervisory Agreement at December 31, 2013. | |||||||||||||||||||||||||||||||||
The OCC established an individual minimum capital requirement (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. The Bank’s core capital to adjusted total assets ratio improved to 12.22% at December 31, 2013. | |||||||||||||||||||||||||||||||||
Effective February 11, 2014 the OCC terminated the Supervisory Agreement and the IMCR to which the Bank was a party or was subject. As a result, from February 11, 2014, the capital ratio and periodic reporting requirements, asset growth restrictions and significant contract restrictions are no longer applicable to the Bank. The dividend and compensation restrictions expressly set forth in the Bank Supervisory Agreement also terminated, although the Bank remains subject to generally applicable limitations on dividends and certain compensation arrangements under federal banking laws and regulations. | |||||||||||||||||||||||||||||||||
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, 2013, and 2014. The Company must operate within the parameters of the 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 December 31, 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). | |||||||||||||||||||||||||||||||||
At December 31, 2013 and 2012, the Bank's capital amounts and ratios are presented for actual capital, required capital and excess capital including amounts and ratios in order to qualify as being well capitalized under the prompt corrective action regulations: | |||||||||||||||||||||||||||||||||
Actual | Required to be | Excess Capital | To Be Well Capitalized Under Prompt Corrective Action Provisions | ||||||||||||||||||||||||||||||
Adequately | |||||||||||||||||||||||||||||||||
Capitalized | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amount | Percent of Assets(1) | Amount | Percent of | Amount | Percent of Assets(1) | Amount | Percent of Assets(1) | |||||||||||||||||||||||||
Assets (1) | |||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Tier I or core capital | $ | 77,848 | 12.22 | % | $ | 25,478 | 4 | % | $ | 52,370 | 8.22 | % | $ | 31,847 | 5 | % | |||||||||||||||||
Tier I risk-based capital | 77,848 | 19.51 | 15,963 | 4 | 61,885 | 15.51 | 23,944 | 6 | |||||||||||||||||||||||||
Risk-based capital to risk-weighted assets | 82,916 | 20.78 | 31,926 | 8 | 50,990 | 12.78 | 39,907 | 10 | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Tier I or core capital | $ | 63,212 | 9.68 | % | $ | 26,123 | 4 | % | $ | 37,089 | 5.68 | % | $ | 32,653 | 5 | % | |||||||||||||||||
Tier I risk-based capital | 63,212 | 14.23 | 17,770 | 4 | 45,442 | 10.23 | 26,655 | 6 | |||||||||||||||||||||||||
Risk-based capital to risk-weighted assets | 68,963 | 15.52 | 35,540 | 8 | 33,423 | 7.52 | 44,425 | 10 | |||||||||||||||||||||||||
-1 | Based upon the Bank’s adjusted total assets for the purpose of the Tier I or core capital ratios and risk-weighted assets for the purpose of the risk-based capital ratio. | ||||||||||||||||||||||||||||||||
Management believes that, as of December 31, 2013, the Bank’s capital ratios were in excess of those quantitative capital ratio standards set forth under the prompt corrective action regulations referenced above. However, there can be no assurance that the Bank will continue to maintain such status in the future. The OCC has extensive discretion in its supervisory and enforcement activities, and can adjust the requirement to be “well-capitalized” in the future. | |||||||||||||||||||||||||||||||||
The capital requirements of the Company and the Bank will be affected by regulatory changes issued in July 2013 by the FRB, the FDIC and the OCC. The changes are to establish an integrated regulatory capital framework for implementing the Basel Committee on Banking Supervision’s Basel III regulatory capital reforms and implementing the changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The new capital requirements are effective for the Company beginning January 1, 2015, and among other things, apply a strengthened set of capital requirements to both the Bank and the Company and revise the rules for calculating risk-weighted assets for purposes of such requirements. The Company is still evaluating the impact that these requirements will have on the Company’s and Bank’s capital positions effective January 1, 2015. |
Note_17_Financial_Instruments_
Note 17 - Financial Instruments with Off-Balance Sheet Risk | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Financial Instruments With Off Balance Sheet Risk [Abstract] | ' | ||||||||
Financial Instruments With Off Balance Sheet Risk [Text Block] | ' | ||||||||
NOTE 17 Financial Instruments with Off-Balance Sheet Risk | |||||||||
The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the balance sheet. The contract amounts of these instruments reflect the extent of involvement by the Company. | |||||||||
The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contract amount of these commitments. The Company uses the same credit policies in making commitments as it does for on-balance sheet instruments. | |||||||||
December 31, | |||||||||
Contract Amount | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Financial instruments whose contract amount represents credit risk: | |||||||||
Commitments to originate, fund or purchase loans: | |||||||||
1-4 family mortgages | $ | 523 | 4,462 | ||||||
Commercial real estate mortgages | 25,514 | 750 | |||||||
Non-real estate commercial loans | 13,095 | 180 | |||||||
Undisbursed balance of loans closed | 7,586 | 5,445 | |||||||
Unused lines of credit | 79,136 | 76,582 | |||||||
Letters of credit | 1,017 | 1,910 | |||||||
Total commitments to extend credit | $ | 126,871 | 89,329 | ||||||
Forward commitments | $ | 2,025 | 7,046 | ||||||
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on the loan type and on management's credit evaluation of the borrower. Collateral consists primarily of residential and commercial real estate and personal property. | |||||||||
Forward commitments represent commitments to sell loans to a third party and are entered into in the normal course of business by the Bank. | |||||||||
The Bank issued standby letters of credit which guarantee the performance of customers to third parties. The standby letters of credit outstanding expire over the next 12 months and totaled $1.0 million at December 31, 2013 and $1.9 million at December 31, 2012. The letters of credit are collateralized primarily with commercial real estate mortgages. 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_18_Derivative_Instruments
Note 18 - Derivative Instruments and Hedging Activities | 12 Months Ended |
Dec. 31, 2013 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' |
NOTE 18 Derivative Instruments and Hedging Activities | |
The Company originates single-family residential loans for sale into the secondary market and enters into commitments to sell those loans in order to mitigate the interest rate risk associated with holding the loans until they are sold. The Company accounts for its commitments in accordance with ASC 815, Accounting for Derivative Instruments and Hedging Activities. | |
The Company had commitments outstanding to extend credit to future borrowers that had not closed prior to the end of the year, which is referred to as its mortgage pipeline. As commitments to originate loans enter the mortgage pipeline, the Company generally enters into commitments to sell the loans into the secondary market. The commitments to originate and sell loans are derivatives that are recorded at fair value. As a result of marking these derivatives to fair value for the period ended December 31, 2013, the Company recorded a decrease in other liabilities of $24,000, a decrease in other assets of $26,000 and a net loss on the sales of loans of $2,000. | |
As of December 31, 2013, the current commitments to sell loans held for sale are derivatives that do not qualify for hedge accounting. The loans held for sale that are not hedged are recorded at the lower of cost or market. As a result of marking these loans, the Company recorded an increase in other liabilities of $6,000, and a net loss on the sales of loans of $6,000. |
Note_19_Fair_Value_Measurement
Note 19 - Fair Value Measurements | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||||||
NOTE 19 Fair Value Measurement | |||||||||||||||||||||
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 of the Company for which fair values are determined on a recurring basis as of December 31, 2013 and 2012. | |||||||||||||||||||||
Carrying Value at December 31, 2013 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Securities available for sale | $ | 107,956 | 0 | 107,956 | 0 | ||||||||||||||||
Mortgage loan commitments | 2 | 0 | 2 | 0 | |||||||||||||||||
Total | $ | 107,958 | 0 | 107,958 | 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 | ||||||||||||||||
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 2013 and 2012 that were still held at December 31, 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 December 31, 2013 and 2012. | |||||||||||||||||||||
Carrying Value at December 31, 2013 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Year Ended | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Total gains (losses) | |||||||||||||||||||||
Loans held for sale | $ | 1,502 | 0 | 1,502 | 0 | 21 | |||||||||||||||
Mortgage servicing rights | 1,708 | 0 | 1,708 | 0 | 0 | ||||||||||||||||
Loans (1) | 17,498 | 0 | 17,498 | 0 | (1,728 | ) | |||||||||||||||
Real estate, net (2) | 6,898 | 0 | 6,898 | 0 | (429 | ) | |||||||||||||||
Total | $ | 27,606 | 0 | 27,606 | 0 | (2,136 | ) | ||||||||||||||
Carrying Value at December 31, 2012 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Year Ended | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
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 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_20_Fair_Value_of_Financia
Note 20 - Fair Value of Financial Instruments | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Financial Instruments Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||||||
NOTE 20 Fair Value of Financial Instruments | |||||||||||||||||||||||||||||||||||||
ASC 825, Disclosures about Fair Values of Financial Instruments, requires disclosure of estimated fair values of the Company's financial instruments, including assets, liabilities and off-balance sheet items for which it is practicable to estimate fair value. The fair value estimates are made as of December 31, 2013 and 2012 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 estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. | |||||||||||||||||||||||||||||||||||||
Fair value estimates are based only on existing financial instruments without attempting to estimate the value of anticipated future business or the value of assets and liabilities that are not considered financial instruments. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on the fair value estimates and have not been considered in any of the estimates. | |||||||||||||||||||||||||||||||||||||
The estimated fair value of the Company's financial instruments are shown below. Following the table, there is an explanation of the methods and assumptions used to estimate the fair value of each class of financial instruments. | |||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||
Fair value hierarchy | |||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Carrying | Estimated | Level | Level | Level | Contract | Carrying | Estimated | Contract | ||||||||||||||||||||||||||||
amount | fair value | 1 | 2 | 3 | amount | amount | fair value | amount | |||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 120,686 | 120,686 | 120,686 | 83,660 | 83,660 | |||||||||||||||||||||||||||||||
Securities available for sale | 107,956 | 107,956 | 107,956 | 85,891 | 85,891 | ||||||||||||||||||||||||||||||||
Loans held for sale | 1,502 | 1,502 | 1,502 | 2,584 | 2,584 | ||||||||||||||||||||||||||||||||
Loans receivable, net | 384,615 | 388,263 | 388,263 | 454,045 | 459,177 | ||||||||||||||||||||||||||||||||
Federal Home Loan Bank stock | 784 | 784 | 784 | 4,063 | 4,063 | ||||||||||||||||||||||||||||||||
Accrued interest receivable | 1,953 | 1,953 | 1,953 | 2,018 | 2,018 | ||||||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||||||
Deposits | 553,930 | 553,930 | 553,930 | 514,951 | 514,951 | ||||||||||||||||||||||||||||||||
Federal Home Loan Bank advances | 0 | 0 | 0 | 70,000 | 71,623 | ||||||||||||||||||||||||||||||||
Accrued interest payable | 146 | 146 | 146 | 247 | 247 | ||||||||||||||||||||||||||||||||
Off-balance sheet financial instruments: | |||||||||||||||||||||||||||||||||||||
Commitments to extend credit | 2 | 2 | 126,871 | 27 | 27 | 89,329 | |||||||||||||||||||||||||||||||
Commitments to sell loans | (22 | ) | (22 | ) | 2,025 | (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. | |||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||
The fair values of loans receivable were estimated for groups of loans with similar characteristics. 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 prescribed by ASC 820, Fair Value Measurements and Disclosures. | |||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank Stock | |||||||||||||||||||||||||||||||||||||
The carrying amount of FHLB stock approximates its fair value. | |||||||||||||||||||||||||||||||||||||
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_21_HMN_Financial_Inc_Fina
Note 21 - HMN Financial, Inc. Financial Information (Parent Company Only) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | ' | ||||||||||||
NOTE 21 HMN Financial, Inc. Financial Information (Parent Company Only) | |||||||||||||
The following are the condensed financial statements for the parent company only as of December 31, 2013 and 2012 and for the years ended December 31, 2013, 2012 and 2011. | |||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Condensed Balance Sheets | |||||||||||||
Assets: | |||||||||||||
Cash and cash equivalents | $ | 141 | 154 | ||||||||||
Investment in subsidiaries | 88,332 | 63,165 | |||||||||||
Loans receivable, net | 1,000 | 800 | |||||||||||
Prepaid expenses and other assets | 79 | 14 | |||||||||||
Deferred tax asset, net | 931 | 0 | |||||||||||
Total assets | $ | 90,483 | 64,133 | ||||||||||
Liabilities and Stockholders' Equity: | |||||||||||||
Accrued expenses and other liabilities | $ | 4,808 | 3,299 | ||||||||||
Total liabilities | 4,808 | 3,299 | |||||||||||
Serial preferred stock | 26,000 | 25,336 | |||||||||||
Common stock | 91 | 91 | |||||||||||
Additional paid-in capital | 51,175 | 51,795 | |||||||||||
Retained earnings | 72,211 | 47,004 | |||||||||||
Net unrealized losses on securities available for sale | (674 | ) | (49 | ) | |||||||||
Unearned employee stock ownership plan shares | (2,804 | ) | (2,997 | ) | |||||||||
Treasury stock, at cost, 4,704,313 and 4,705,073 shares | (60,324 | ) | (60,346 | ) | |||||||||
Total stockholders' equity | 85,675 | 60,834 | |||||||||||
Total liabilities and stockholders' equity | $ | 90,483 | 64,133 | ||||||||||
Condensed Statements of Income (Loss) | |||||||||||||
Interest income | $ | 1 | 3 | 4 | |||||||||
Equity income (losses) of subsidiaries | 26,792 | 6,220 | (10,519 | ) | |||||||||
Compensation and benefits | (235 | ) | (227 | ) | (263 | ) | |||||||
Occupancy | (24 | ) | (24 | ) | (24 | ) | |||||||
Data processing | (6 | ) | (6 | ) | (6 | ) | |||||||
Other | (498 | ) | (513 | ) | (747 | ) | |||||||
Income (loss) before income tax expense (benefit) | 26,030 | 5,453 | (11,555 | ) | |||||||||
Income tax (benefit) expense | (640 | ) | 132 | 0 | |||||||||
Net income (loss) | $ | 26,670 | 5,321 | (11,555 | ) | ||||||||
Condensed Statements of Cash Flows | |||||||||||||
Cash flows from operating activities: | |||||||||||||
Net income (loss) | $ | 26,670 | 5,321 | (11,555 | ) | ||||||||
Adjustments to reconcile net income (loss) to cash used by operating activities: | |||||||||||||
Equity (income) losses of subsidiaries | (26,792 | ) | (6,220 | ) | 10,519 | ||||||||
Deferred income tax benefit | (931 | ) | 0 | 0 | |||||||||
Earned employee stock ownership shares priced below original cost | (21 | ) | (162 | ) | (81 | ) | |||||||
Stock option compensation | 4 | 7 | 29 | ||||||||||
Cancellation of restricted stock awards | (119 | ) | 0 | 0 | |||||||||
Amortization of restricted stock awards | 202 | 233 | 298 | ||||||||||
Decrease in unearned ESOP shares | 193 | 194 | 193 | ||||||||||
Increase in accrued expenses and other liabilities | 47 | 65 | 101 | ||||||||||
(Increase) decrease in other assets | (65 | ) | 22 | 13 | |||||||||
Other, net | (1 | ) | 0 | (1 | ) | ||||||||
Net cash used by operating activities | (813 | ) | (540 | ) | (484 | ) | |||||||
Cash flows from investing activities: | |||||||||||||
(Increase) decrease in loans receivable, net | (200 | ) | 600 | 100 | |||||||||
Net cash (used) provided by investing activities | (200 | ) | 600 | 100 | |||||||||
Cash flows from financing activities: | |||||||||||||
Dividends received from Bank | 1,000 | 0 | 0 | ||||||||||
Net cash used by financing activities | 1,000 | 0 | 0 | ||||||||||
(Decrease) increase in cash and cash equivalents | (13 | ) | 60 | (384 | ) | ||||||||
Cash and cash equivalents, beginning of year | 154 | 94 | 478 | ||||||||||
Cash and cash equivalents, end of year | $ | 141 | 154 | 94 | |||||||||
Note_22_Business_Segments
Note 22 - Business Segments | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||
NOTE 22 Business Segments | |||||||||||||||||
The Bank has been identified as a reportable operating segment in accordance with the provisions of ASC 280. HMN, the holding company, did not meet the quantitative thresholds for a reportable segment and therefore is included in the “Other” category. | |||||||||||||||||
The Company evaluates performance and allocates resources based on the segment’s net income, return on average assets and return on average equity. Each corporation is managed separately with its own officers and board of directors. | |||||||||||||||||
The following table sets forth certain information about the reconciliations of reported net income (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 year ended December 31, 2013: | |||||||||||||||||
Interest income - external customers | $ | 22,983 | 0 | 0 | 22,983 | ||||||||||||
Non-interest income - external customers | 7,312 | 0 | 0 | 7,312 | |||||||||||||
Intersegment interest income | 0 | 1 | (1 | ) | 0 | ||||||||||||
Intersegment non-interest income | 182 | 26,792 | (26,974 | ) | 0 | ||||||||||||
Interest expense | 3,290 | 0 | (1 | ) | 3,289 | ||||||||||||
Non-interest expense | 22,039 | 766 | (182 | ) | 22,623 | ||||||||||||
Income tax benefit | (13,766 | ) | (640 | ) | 0 | (14,406 | ) | ||||||||||
Net income | 26,795 | 26,667 | (26,792 | ) | 26,670 | ||||||||||||
Total assets | 647,679 | 90,483 | (89,540 | ) | 648,622 | ||||||||||||
At or for the year ended December 31, 2012: | |||||||||||||||||
Interest income - external customers | $ | 30,816 | 0 | 0 | 30,816 | ||||||||||||
Non-interest income - external customers | 8,990 | 0 | 0 | 8,990 | |||||||||||||
Intersegment interest income | 0 | 4 | (4 | ) | 0 | ||||||||||||
Intersegment non-interest income | 186 | 6,220 | (6,406 | ) | 0 | ||||||||||||
Interest expense | 7,143 | 0 | (4 | ) | 7,139 | ||||||||||||
Non-interest expense | 24,077 | 779 | (186 | ) | 24,670 | ||||||||||||
Income tax expense | 0 | 132 | 0 | 132 | |||||||||||||
Net income | 6,228 | 5,313 | (6,220 | ) | 5,321 | ||||||||||||
Total assets | 653,315 | 64,135 | (64,123 | ) | 653,327 | ||||||||||||
At or for the year ended December 31, 2011: | |||||||||||||||||
Interest income - external customers | $ | 39,541 | 0 | 0 | 39,541 | ||||||||||||
Non-interest income - external customers | 6,863 | 0 | 0 | 6,863 | |||||||||||||
Gain on limited partnerships | 6 | 0 | 0 | 6 | |||||||||||||
Intersegment interest income | 0 | 4 | (4 | ) | 0 | ||||||||||||
Intersegment non-interest income | 186 | (10,519 | ) | 10,333 | 0 | ||||||||||||
Interest expense | 11,139 | 0 | (4 | ) | 11,135 | ||||||||||||
Non-interest expense | 28,689 | 1,049 | (186 | ) | 29,552 | ||||||||||||
Net loss | (10,510 | ) | (11,564 | ) | 10,519 | (11,555 | ) | ||||||||||
Total assets | 790,115 | 59,005 | (58,965 | ) | 790,155 | ||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Use of Estimates, Policy [Policy Text Block] | ' |
Use of Estimates | |
In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ from those estimates. | |
An estimate that is particularly susceptible to change relates to the determination of the allowance for loan losses. Management believes that the allowance for loan losses is appropriate to cover probable losses inherent in the portfolio at the date of the balance sheet. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in economic conditions and other factors. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the allowance for loan losses. Such agencies may require changes to the allowance based on their judgment about information available to them at the time of their examination. | |
Cash and Cash Equivalents, Policy [Policy Text Block] | ' |
Cash and Cash Equivalents | |
The Company considers highly liquid investments with original maturities of three months or less to be cash equivalents. | |
Marketable Securities, Policy [Policy Text Block] | ' |
Securities | |
Securities are accounted for according to their purpose and holding period. The Company classifies its debt and equity securities in one of three categories: | |
Trading Securities | |
Securities held principally for resale in the near term are classified as trading securities and are recorded at their fair values. Unrealized gains and losses on trading securities are included in other income. | |
Securities Held to Maturity | |
Securities that the Company has the positive intent and ability to hold to maturity are reported at cost and adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity. Unrealized losses on securities held to maturity reflecting a decline in value judged to be other than temporary are charged to income and a new cost basis is established. | |
Securities Available for Sale | |
Securities available for sale consist of securities not classified as trading securities or as securities held to maturity. They include securities that management intends to use as part of its asset/liability strategy or that may be sold in response to changes in interest rates, changes in prepayment risk, or similar factors. Unrealized gains and losses, net of income taxes, are reported as a separate component of stockholders’ equity until realized. Gains and losses on the sale of securities available for sale are determined using the specific identification method and recognized on the trade date. Premiums and discounts are recognized in interest income using the interest method over the period to maturity. Unrealized losses on securities available for sale reflecting a decline in value judged to be other than temporary are charged to income and a new cost basis is established. | |
Management monitors the investment security portfolio for impairment on an individual security basis and has a process in place to identify securities that could potentially have a credit impairment that is other than temporary. This process involves analyzing the length of time and extent to which the fair value has been less than the amortized cost basis, the market liquidity for the security, the financial condition and near-term prospects of the issuer, expected cash flows, and the Company's intent and ability to hold the investment for a period of time sufficient to recover the temporary loss, including determining whether it is more-likely-than-not that the Company will be required to sell the security prior to recovery. To the extent it is determined that a security is deemed to be other-than-temporarily impaired, an impairment loss is recognized. | |
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | ' |
Loans Held for Sale | |
Mortgage loans originated or purchased which are intended for sale in the secondary market are carried at the lower of cost or estimated market value in the aggregate. Net fees and costs associated with acquiring or originating loans held for sale are deferred and included in the basis of the loan in determining the gain or loss on the sale of the loans. Gains on the sale of loans are recognized on the settlement date. Net unrealized losses are recognized through a valuation allowance by charges to income. | |
Finance, Loans and Leases Receivable, Policy [Policy Text Block] | ' |
Loans Receivable, net | |
Loans receivable, net, are carried at amortized cost. Loan origination fees received, net of certain loan origination costs, are deferred as an adjustment to the carrying value of the related loans, and are amortized into income using the interest method over the estimated life of the loans. | |
Premiums and discounts on purchased loans are amortized into interest income using the interest method over the period to contractual maturity, adjusted for estimated prepayments. | |
The allowance for loan losses is maintained at an amount considered to be appropriate by management to provide for probable losses inherent in the loan portfolio as of the balance sheet dates. The allowance for loan losses is based on a quarterly analysis of the loan portfolio. In this analysis, management considers factors including, but not limited to, specific occurrences which include loan impairment, changes in the size of the portfolios, general economic conditions, demand for single-family homes, demand for commercial real estate and building lots, loan portfolio composition and historical loss experience. In connection with the determination of the allowance for loan losses, management obtains independent appraisals for significant properties or other collateral securing delinquent loans. The allowance for loan losses is established for known problem loans, as well as for loans which are not currently known to require an allowance. | |
Loans are charged off to the extent they are deemed to be uncollectible. The appropriateness of the allowance for loan losses is dependent upon management’s estimates of variables affecting valuation, appraisals of collateral, evaluations of performance and status, and the amounts and timing of future cash flows expected to be received on impaired loans. Such estimates, appraisals, evaluations and cash flows may be subject to frequent adjustments due to changing economic prospects of borrowers or properties. The estimates are reviewed periodically and adjustments, if any, are recorded in the provision for loan losses in the periods in which the adjustments become known. | |
Interest income is recognized on an accrual basis except when collectability is in doubt. When loans are placed on a non-accrual basis, generally when the loan is 90 days past due, previously accrued but unpaid interest is reversed from income. If the ultimate collectability of a loan is in doubt and the loan is placed in nonaccrual status, the cost recovery method is used and cash collected is applied to first reduce the principal outstanding. Generally, the Company returns a loan to accrual status when all delinquent interest and principal becomes current under the terms of the loan agreement and collectability of remaining principal and interest is no longer doubtful. | |
All impaired loans are valued at the present value of expected future cash flows discounted at the loan's initial effective interest rate. The fair value of the collateral of an impaired collateral-dependent loan or an observable market price, if one exists, may be used as an alternative to discounting. If the value of the impaired loan is less than the recorded investment in the loan, the impaired amount is charged off. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans include all loans which are on non-accrual, delinquent as to principal and interest for 90 days or greater, or restructured in a troubled debt restructuring involving a modification of terms. All non-accruing loans are reviewed for impairment on an individual basis. | |
Included in loans receivable, net, are certain loans that have been modified in order to maximize collection of the loan balances. The Company evaluates all loan modifications and if the Company, for legal or economic reasons related to the borrower's financial difficulties, grants a concession compared to the original terms and conditions of the loan that the Company would not otherwise consider, the modified loan is considered a troubled debt restructuring (TDR) and classified as an impaired loan. If the TDR loan was performing (accruing) prior to the modification, it typically will remain accruing after the modification as long as it continues to perform according to the modified terms. If the TDR loan was non-performing (non-accruing) prior to the modification, it will remain non-accruing after the modification for a minimum of six months. If the loan performs according to the modified terms for a minimum of six months, it typically will be returned to accruing status. In general, there are two conditions in which a TDR loan is no longer considered to be a TDR and potentially not classified as impaired. The first condition is whether the loan is refinanced with terms that reflect normal terms for the type of credit involved. The second condition is whether the loan is repaid or charged off. | |
Transfers and Servicing of Financial Assets, Policy [Policy Text Block] | ' |
Mortgage Servicing Rights | |
Mortgage servicing rights are capitalized at fair value and amortized in proportion to, and over the period of, estimated net servicing income. The Company evaluates its capitalized mortgage servicing rights for impairment each quarter. Loan type and note rate are the predominant risk characteristics of the underlying loans used to stratify capitalized mortgage servicing rights for purposes of measuring impairment. Any impairment is recognized through a valuation allowance. | |
Real Estate, Policy [Policy Text Block] | ' |
Real Estate, net | |
Real estate acquired through loan foreclosure or deed in lieu of foreclosure, is initially recorded at the fair value less estimated selling costs. Valuations are reviewed quarterly by management and an allowance for losses is established if the carrying value of a property exceeds its fair value less estimated selling costs. | |
Property, Plant and Equipment, Policy [Policy Text Block] | ' |
Premises and Equipment | |
Land is carried at cost. Office buildings, improvements, furniture and equipment are carried at cost less accumulated depreciation. Depreciation is computed on a straight-line basis over estimated useful lives of 5 to 40 years for office buildings and improvements and 3 to 10 years for furniture and equipment. | |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | ' |
Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of | |
The Company reviews long-lived assets and certain identifiable intangibles for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. | |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' |
Stock Based Compensation | |
The Company recognizes the grant-date fair value of stock option and restricted stock awards issued as compensation expense, amortized over the vesting period. | |
Employee Stock Ownership Plan (ESOP), Policy [Policy Text Block] | ' |
Employee Stock Ownership Plan (ESOP) | |
The Company has an ESOP that borrowed funds from the Company and purchased shares of HMN common stock. The Company makes quarterly principal and interest payments on the ESOP loan. As the debt is repaid, ESOP shares that were pledged as collateral for the debt are released from collateral and allocated to eligible employees based on the proportion of debt service paid in the year. The Company accounts for its ESOP in accordance with ASC 718, Employers' Accounting for Employee Stock Ownership Plans. Accordingly, the shares pledged as collateral are reported as unearned ESOP shares in stockholders' equity. As shares are determined to be ratably released from collateral, the Company reports compensation expense equal to the current market price of the shares, and the shares become outstanding for earnings per share computations. | |
Income Tax, Policy [Policy Text Block] | ' |
Income Taxes | |
Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is required to be recognized if it is “more likely than not” that the deferred tax asset will not be realized. The determination of the realizability of the deferred tax asset is subjective and dependent upon judgment concerning management’s evaluation of both positive and negative evidence regarding the ultimate realizability of deferred tax assets. | |
Stockholders' Equity Note, Redeemable Preferred Stock, Issue, Policy [Policy Text Block] | ' |
Preferred Stock Dividends and Discount | |
The proceeds received from the preferred stock and warrant issued to the U.S. Treasury were allocated between the preferred stock and the warrant based on their relative fair values at the time of issuance in accordance with the requirements of ASC 470, Accounting for Convertible Debt Issued with Stock Purchase Warrants. Because of the increasing rate dividend feature of the preferred shares, the discount on the warrant was amortized using the constant effective yield method over the five year period preceding the scheduled rate increase on the preferred stock in accordance with the requirements of ASC 505. | |
Assets And Deposits Held For Sale [Policy Tex tBlock] | ' |
The proceeds received from the preferred stock and warrant issued to the U.S. Treasury were allocated between the preferred stock and the warrant based on their relative fair values at the time of issuance in accordance with the requirements of ASC 470, Accounting for Convertible Debt Issued with Stock Purchase Warrants. | |
Earnings Per Share, Policy [Policy Text Block] | ' |
Earnings (loss) per Common Share | |
Basic earnings (loss) per common share excludes dilution and is computed by dividing the income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the entity. Options and restricted stock awards are excluded from the earnings per share calculation when a net loss is incurred as their inclusion in the calculation would be anti-dilutive and result in a lower loss per common share. | |
Comprehensive Income, Policy [Policy Text Block] | ' |
Comprehensive Income (Loss) | |
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. | |
Segment Reporting, Policy [Policy Text Block] | ' |
Segment Information | |
The amount of each segment item reported is the measure reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segment and assessing its performance. Adjustments and eliminations made in preparing an enterprise’s general-purpose financial statements and allocations of revenues, expenses and gains or losses are included in determining reported segment profit or loss if they are included in the measure of the segment’s profit or loss that is used by the chief operating decision maker. Similarly, only those assets that are included in the measure of the segment’s assets that are used by the chief operating decision maker are reported for that segment. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
New Accounting Pronouncements | |
In January 2013, 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 in the first quarter of 2013 did not have any impact on the Company’s consolidated financial statements as it has no outstanding rights of setoff. | |
In February 2013, the FASB issued ASU 2013-02, Other Comprehensive Income (Topic 220). The amendments in this ASU supersede and replace the presentation requirements of reclassifications out of accumulated other comprehensive income in ASU’s 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 in the first quarter of 2013 did not have a material impact on the Company’s consolidated financial statements. | |
In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40) Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments in this ASU clarify when a repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. Under the amendment, physical possession occurs, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The ASU is intended to reduce diversity in practice and is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The adoption of this ASU in the first quarter of 2015 is not anticipated to have a material impact on the Company’s consolidated financial statements. | |
Derivatives, Policy [Policy Text Block] | ' |
Derivative Financial Instruments | |
The Company uses derivative financial instruments in order to manage the interest rate risk on residential loans held for sale and its commitments to extend credit for residential loans. The Company may also from time to time use interest rate swaps to manage interest rate risk. Derivative financial instruments include commitments to extend credit and forward mortgage loan sales commitments. |
Note_2_Other_Comprehensive_Inc1
Note 2 - Other Comprehensive Income (Loss) (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Before | Tax | Net | Before | Tax | Net | Before | Tax | Net | ||||||||||||||||||||||||||||
Securities available for sale: | Tax | Effect | of Tax | Tax | Effect | of Tax | Tax | Effect | of Tax | ||||||||||||||||||||||||||||
Gross unrealized losses arising during the period | $ | (1,272 | ) | (647 | ) | (625 | ) | (520 | ) | 0 | (520 | ) | (70 | ) | 0 | (70 | ) | ||||||||||||||||||||
Less reclassification of net gains included in net income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
Net unrealized losses arising during the period | (1,272 | ) | (647 | ) | (625 | ) | (520 | ) | 0 | (520 | ) | (70 | ) | 0 | (70 | ) | |||||||||||||||||||||
Other comprehensive loss | $ | (1,272 | ) | (647 | ) | (625 | ) | (520 | ) | 0 | (520 | ) | (70 | ) | 0 | (70 | ) |
Note_3_Securities_Available_Fo1
Note 3 - Securities Available For Sale (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Available-for-sale Securities [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized cost | Gross | Gross | Fair value | |||||||||||||||||||||||||||||
unrealized | unrealized | ||||||||||||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||
FHLMC | $ | 2,749 | 183 | 0 | 2,932 | ||||||||||||||||||||||||||||
FNMA | 2,150 | 131 | 0 | 2,281 | |||||||||||||||||||||||||||||
4,899 | 314 | 0 | 5,213 | ||||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 103,030 | 1 | (637 | ) | 102,394 | ||||||||||||||||||||||||||||
Corporate preferred stock | 700 | 0 | (420 | ) | 280 | ||||||||||||||||||||||||||||
Corporate equity | 58 | 11 | 0 | 69 | |||||||||||||||||||||||||||||
103,788 | 12 | (1,057 | ) | 102,743 | |||||||||||||||||||||||||||||
$ | 108,687 | 326 | (1,057 | ) | 107,956 | ||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
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 one year or less | $ | 77,995 | 77,645 | ||||||||||||||||||||||||||||||
Due after one year through five years | 29,903 | 29,929 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 31 | 33 | |||||||||||||||||||||||||||||||
Due after ten years | 758 | 349 | |||||||||||||||||||||||||||||||
Total | $ | 108,687 | 107,956 | ||||||||||||||||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | Less Than Twelve Months | Twelve Months or More | Total | ||||||||||||||||||||||||||||||
31-Dec-13 | # of | Fair | Unrealized Losses | # of | Fair | Unrealized Losses | Fair | Unrealized Losses | |||||||||||||||||||||||||
Investments | Value | Investments | Value | Value | |||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 20 | $ | 93,390 | (637 | ) | 0 | $ | 0 | 0 | $ | 93,390 | (637 | ) | ||||||||||||||||||||
Corporate preferred stock | 0 | 0 | 0 | 1 | 280 | (420 | ) | 280 | (420 | ) | |||||||||||||||||||||||
Total temporarily impaired securities | 20 | $ | 93,390 | (637 | ) | 1 | $ | 280 | (420 | ) | $ | 93,670 | (1,057 | ) | |||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
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 | ) |
Note_4_Loans_Receivable_Net_Ta
Note 4 - Loans Receivable, Net (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||
Summary Of Loans Receivable Table [Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||
Residential real estate loans: | |||||||||||||||||
1-4 family conventional | $ | 75,958 | 96,512 | ||||||||||||||
1-4 family FHA | 464 | 479 | |||||||||||||||
1-4 family VA | 45 | 46 | |||||||||||||||
76,467 | 97,037 | ||||||||||||||||
Commercial real estate: | |||||||||||||||||
Lodging | 33,603 | 31,020 | |||||||||||||||
Retail/office | 42,490 | 66,159 | |||||||||||||||
Nursing home/health care | 6,558 | 22,205 | |||||||||||||||
Land developments | 28,643 | 36,691 | |||||||||||||||
Golf courses | 6,574 | 7,193 | |||||||||||||||
Restaurant/bar/café | 3,609 | 3,057 | |||||||||||||||
Alternative fuel plants | 9,783 | 13,911 | |||||||||||||||
Warehouse | 9,180 | 7,570 | |||||||||||||||
Construction: | |||||||||||||||||
1-4 family builder | 7,299 | 6,659 | |||||||||||||||
Multi-family | 0 | 3,811 | |||||||||||||||
Commercial real estate | 552 | 1,960 | |||||||||||||||
Manufacturing | 11,344 | 11,196 | |||||||||||||||
Churches/community service | 7,199 | 3,731 | |||||||||||||||
Multi-family | 8,113 | 11,756 | |||||||||||||||
Other | 19,503 | 17,988 | |||||||||||||||
194,450 | 244,907 | ||||||||||||||||
Consumer: | |||||||||||||||||
Autos | 971 | 623 | |||||||||||||||
Home equity line | 36,178 | 36,521 | |||||||||||||||
Home equity | 11,629 | 11,390 | |||||||||||||||
Consumer – secured | 1,070 | 1,184 | |||||||||||||||
Land/lot loans | 1,827 | 2,246 | |||||||||||||||
Savings | 177 | 220 | |||||||||||||||
Mobile home | 360 | 449 | |||||||||||||||
Consumer – unsecured | 1,211 | 1,342 | |||||||||||||||
53,423 | 53,975 | ||||||||||||||||
Commercial business | 71,709 | 79,854 | |||||||||||||||
Total loans | 396,049 | 475,773 | |||||||||||||||
Less: | |||||||||||||||||
Unamortized discounts | 33 | 33 | |||||||||||||||
Net deferred loan fees | 0 | 87 | |||||||||||||||
Allowance for loan losses | 11,401 | 21,608 | |||||||||||||||
Total loans receivable, net | $ | 384,615 | 454,045 | ||||||||||||||
Commitments to originate or purchase loans | $ | 39,507 | 5,392 | ||||||||||||||
Commitments to deliver loans to secondary market | $ | 2,025 | 7,046 | ||||||||||||||
Weighted average contractual rate of loans in portfolio | 4.71 | % | 5.01 | % | |||||||||||||
Schedule of Loans and Lease Receivable Single Family and Multi-Family Residential Loans by Location [Table Text Block] | ' | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Dollars in thousands) | Amount | Percent | Amount | Percent | |||||||||||||
of Total | of Total | ||||||||||||||||
Iowa | $ | 3,793 | 5 | % | $ | 4,503 | 4.6 | % | |||||||||
Minnesota | 69,219 | 90.5 | 88,364 | 91.1 | |||||||||||||
Wisconsin | 1,770 | 2.3 | 2,319 | 2.4 | |||||||||||||
Other states | 1,685 | 2.2 | 1,851 | 1.9 | |||||||||||||
Total | $ | 76,467 | 100 | % | $ | 97,037 | 100 | % | |||||||||
Schedule of Loans and Lease Receivables Gross Carrying Amount Commercial Real Estate by Location [Table Text Block] | ' | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Dollars in thousands) | Amount | Percent | Amount | Percent | |||||||||||||
of Total | of Total | ||||||||||||||||
Florida | $ | 2,312 | 1.2 | % | $ | 4,458 | 1.8 | % | |||||||||
Idaho | 3,936 | 2 | 4,348 | 1.8 | |||||||||||||
Indiana | 5,023 | 2.6 | 6,461 | 2.7 | |||||||||||||
Iowa | 1,267 | 0.6 | 2,732 | 1.1 | |||||||||||||
Kansas | 0 | 0 | 1,014 | 0.4 | |||||||||||||
Minnesota | 163,040 | 83.9 | 209,935 | 85.7 | |||||||||||||
North Carolina | 5,576 | 2.9 | 7,161 | 2.9 | |||||||||||||
North Dakota | 1,282 | 0.7 | 0 | 0 | |||||||||||||
Wisconsin | 10,589 | 5.4 | 8,091 | 3.3 | |||||||||||||
Other states | 1,425 | 0.7 | 707 | 0.3 | |||||||||||||
Total | $ | 194,450 | 100 | % | $ | 244,907 | 100 | % |
Note_5_Allowance_for_Loan_Loss1
Note 5 - Allowance for Loan Losses and Credit Quality Information (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Note 5 - 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 | |||||||||||||||||||||||||||||
Balance, December 31, 2010 | $ | 2,145 | 24,590 | 924 | 15,169 | 42,828 | |||||||||||||||||||||||
Provision for losses | 2,081 | 11,785 | 482 | 2,930 | 17,278 | ||||||||||||||||||||||||
Charge-offs | (508 | ) | (23,012 | ) | (270 | ) | (15,512 | ) | (39,302 | ) | |||||||||||||||||||
Recoveries | 0 | 259 | 23 | 2,802 | 3,084 | ||||||||||||||||||||||||
Balance, December 31, 2011 | 3,718 | 13,622 | 1,159 | 5,389 | 23,888 | ||||||||||||||||||||||||
Provision for losses | (834 | ) | 3,864 | 686 | (1,172 | ) | 2,544 | ||||||||||||||||||||||
Charge-offs | (63 | ) | (5,719 | ) | (1,071 | ) | (2,464 | ) | (9,317 | ) | |||||||||||||||||||
Recoveries | 0 | 1,821 | 372 | 2,300 | 4,493 | ||||||||||||||||||||||||
Balance, December 31, 2012 | 2,821 | 13,588 | 1,146 | 4,053 | 21,608 | ||||||||||||||||||||||||
Provision for losses | (1,206 | ) | (5,190 | ) | 347 | (1,832 | ) | (7,881 | ) | ||||||||||||||||||||
Charge-offs | (200 | ) | (3,711 | ) | (484 | ) | (651 | ) | (5,046 | ) | |||||||||||||||||||
Recoveries | 213 | 1,771 | 97 | 639 | 2,720 | ||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 1,628 | 6,458 | 1,106 | 2,209 | 11,401 | |||||||||||||||||||||||
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 | $ | 404 | 2,403 | 382 | 589 | 3,778 | |||||||||||||||||||||||
General reserves | 1,224 | 4,055 | 724 | 1,620 | 7,623 | ||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 1,628 | 6,458 | 1,106 | 2,209 | 11,401 | |||||||||||||||||||||||
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 December 31, 2013: | |||||||||||||||||||||||||||||
Individually reviewed for impairment | $ | 1,888 | 17,190 | 917 | 1,281 | 21,276 | |||||||||||||||||||||||
Collectively reviewed for impairment | 74,579 | 177,260 | 52,506 | 70,428 | 374,773 | ||||||||||||||||||||||||
Ending balance | $ | 76,467 | 194,450 | 53,423 | 71,709 | 396,049 | |||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
Classified | Unclassified | ||||||||||||||||||||||||||||
(Dollars in thousands) | Special Mention | Substandard | Doubtful | Loss | Total | Total | Total Loans | ||||||||||||||||||||||
1-4 family | $ | 738 | 6,987 | 322 | 0 | 8,047 | 68,420 | 76,467 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 19,229 | 0 | 0 | 19,229 | 13,755 | 32,984 | ||||||||||||||||||||||
Other | 5,337 | 13,092 | 0 | 0 | 18,429 | 143,037 | 161,466 | ||||||||||||||||||||||
Consumer | 0 | 524 | 152 | 240 | 916 | 52,507 | 53,423 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 401 | 0 | 0 | 401 | 5,933 | 6,334 | ||||||||||||||||||||||
Other | 1,419 | 6,433 | 0 | 0 | 7,852 | 57,523 | 65,375 | ||||||||||||||||||||||
$ | 7,494 | 46,666 | 474 | 240 | 54,874 | 341,175 | 396,049 | ||||||||||||||||||||||
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 or More Past Due | Total Past Due | Current Loans | Total Loans | Loans 90 Days or More Past Due and Still Accruing | ||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
1-4 family | $ | 1,542 | 128 | 322 | 1,992 | 74,475 | 76,467 | 0 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 1,426 | 0 | 1,426 | 31,558 | 32,984 | 0 | ||||||||||||||||||||||
Other | 0 | 0 | 0 | 0 | 161,466 | 161,466 | 0 | ||||||||||||||||||||||
Consumer | 418 | 256 | 57 | 731 | 52,692 | 53,423 | 0 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 1,934 | 0 | 1,934 | 4,400 | 6,334 | 0 | ||||||||||||||||||||||
Other | 800 | 104 | 0 | 904 | 64,471 | 65,375 | 0 | ||||||||||||||||||||||
$ | 2,760 | 3,848 | 379 | 6,987 | 389,062 | 396,049 | 0 | ||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||
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] | ' | ||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 88 | 88 | 0 | 1,304 | 2 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 8,257 | 13,636 | 0 | 9,122 | 81 | ||||||||||||||||||||||||
Other | 52 | 52 | 0 | 350 | 55 | ||||||||||||||||||||||||
Consumer | 487 | 491 | 0 | 350 | 12 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 93 | 296 | 0 | 91 | 2 | ||||||||||||||||||||||||
Other | 0 | 0 | 0 | 7 | 0 | ||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 1,800 | 1,844 | 404 | 2,417 | 36 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 7,994 | 12,725 | 2,260 | 12,414 | 54 | ||||||||||||||||||||||||
Other | 888 | 888 | 143 | 1,977 | 202 | ||||||||||||||||||||||||
Consumer | 429 | 429 | 382 | 1,057 | 14 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 29 | 0 | ||||||||||||||||||||||||
Other | 1,188 | 1,984 | 589 | 1,647 | 36 | ||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 1,888 | 1,932 | 404 | 3,721 | 38 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 16,251 | 26,361 | 2,260 | 21,536 | 135 | ||||||||||||||||||||||||
Other | 940 | 940 | 143 | 2,327 | 257 | ||||||||||||||||||||||||
Consumer | 916 | 920 | 382 | 1,407 | 26 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 93 | 296 | 0 | 120 | 2 | ||||||||||||||||||||||||
Other | 1,188 | 1,984 | 589 | 1,654 | 36 | ||||||||||||||||||||||||
$ | 21,276 | 32,433 | 3,778 | 30,765 | 494 | ||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
(Dollars in thousands) | Recorded Investment | Unpaid Principal Balance | Related Allowance | Average Recorded Investment | Interest Income Recognized | ||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 1,617 | 1,617 | 0 | 2,973 | 66 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 10,714 | 15,530 | 0 | 10,744 | 386 | ||||||||||||||||||||||||
Other | 640 | 640 | 0 | 2,669 | 22 | ||||||||||||||||||||||||
Consumer | 393 | 400 | 0 | 390 | 26 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 102 | 1,038 | 0 | 235 | 0 | ||||||||||||||||||||||||
Other | 34 | 534 | 0 | 1,252 | 0 | ||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 3,070 | 3,114 | 571 | 3,638 | 61 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 14,061 | 16,545 | 1,669 | 14,514 | 242 | ||||||||||||||||||||||||
Other | 2,780 | 3,133 | 921 | 3,973 | 10 | ||||||||||||||||||||||||
Consumer | 1,430 | 1,430 | 537 | 1,301 | 85 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 74 | 74 | 62 | 146 | 0 | ||||||||||||||||||||||||
Other | 2,185 | 2,936 | 1,053 | 3,515 | 48 | ||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 4,687 | 4,731 | 571 | 6,611 | 127 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 24,775 | 32,075 | 1,669 | 25,258 | 628 | ||||||||||||||||||||||||
Other | 3,420 | 3,773 | 921 | 6,642 | 32 | ||||||||||||||||||||||||
Consumer | 1,823 | 1,830 | 537 | 1,691 | 111 | ||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 176 | 1,112 | 62 | 381 | 0 | ||||||||||||||||||||||||
Other | 2,219 | 3,470 | 1,053 | 4,767 | 48 | ||||||||||||||||||||||||
$ | 37,100 | 46,991 | 4,813 | 45,350 | 946 | ||||||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
1-4 family | $ | 1,602 | 2,492 | ||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 14,146 | 23,652 | |||||||||||||||||||||||||||
Other | 403 | 1,891 | |||||||||||||||||||||||||||
Consumer | 737 | 300 | |||||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 93 | 176 | |||||||||||||||||||||||||||
Other | 515 | 1,464 | |||||||||||||||||||||||||||
$ | 17,496 | 29,975 | |||||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||||||||||||||
1-4 family | $ | 909 | 3,600 | ||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 15,750 | 22,843 | |||||||||||||||||||||||||||
Other | 709 | 3,032 | |||||||||||||||||||||||||||
Consumer | 713 | 1,814 | |||||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 115 | 88 | |||||||||||||||||||||||||||
Other | 1,033 | 1,678 | |||||||||||||||||||||||||||
$ | 19,229 | 33,055 | |||||||||||||||||||||||||||
Financing Receivable, Modifications, Subsequent Default, Nature and Extent of Transaction | ' | ||||||||||||||||||||||||||||
Year ended | Year ended | ||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Outstanding Recorded Investment | Number of | Outstanding Recorded Investment | |||||||||||||||||||||||||
Contracts | Contracts | ||||||||||||||||||||||||||||
Troubled debt restructurings that subsequently defaulted: | |||||||||||||||||||||||||||||
1-4 family | 0 | $ | 0 | 0 | $ | 0 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Other | 0 | 0 | 2 | 159 | |||||||||||||||||||||||||
Consumer | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 1 | 74 | |||||||||||||||||||||||||
Other | 0 | 0 | 2 | 227 | |||||||||||||||||||||||||
Total | 0 | $ | 0 | 5 | $ | 460 | |||||||||||||||||||||||
Prior Year [Member] | ' | ||||||||||||||||||||||||||||
Note 5 - Allowance for Loan Losses and Credit Quality Information (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Financial Effects Of Troubled Debt Restructurings And Difference Between Outstanding Recorded Balance Pre Modification And Post Modification Table [Text Block] | ' | ||||||||||||||||||||||||||||
Year ended December 31, 2013 | Year ended December 31, 2012 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | Number of | Pre-modification Outstanding Recorded Investment | Post-modification Outstanding Recorded Investment | |||||||||||||||||||||||
Contracts | Contracts | ||||||||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||
1-4 family | 2 | $ | 210 | 219 | 33 | $ | 3,991 | 3,979 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 0 | 0 | 11 | 16,280 | 12,585 | |||||||||||||||||||||||
Other | 3 | 754 | 329 | 6 | 2,814 | 2,586 | |||||||||||||||||||||||
Consumer | 21 | 528 | 548 | 28 | 1,715 | 1,729 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 1 | 41 | 41 | 2 | 172 | 80 | |||||||||||||||||||||||
Other | 5 | 194 | 218 | 5 | 706 | 706 | |||||||||||||||||||||||
Total | 32 | $ | 1,727 | 1,355 | 85 | $ | 25,678 | 21,665 |
Note_6_Accrued_Interest_Receiv1
Note 6 - Accrued Interest Receivable (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accrued Interest Receivable [Abstract] | ' | ||||||||
Accrued Interest Receivable [Table Text Block] | ' | ||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Securities available for sale | $ | 338 | 332 | ||||||
Loans receivable | 1,615 | 1,686 | |||||||
$ | 1,953 | 2,018 |
Note_7_Mortgage_Servicing_Righ1
Note 7 - Mortgage Servicing Rights, Net (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Transfers and Servicing [Abstract] | ' | ||||||||||||||||
Servicing Liability at Amortized Cost [Table Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||||||
Mortgage servicing rights: | |||||||||||||||||
Balance, beginning of year | $ | 1,732 | 1,485 | ||||||||||||||
Originations | 568 | 979 | |||||||||||||||
Amortization | (592 | ) | (732 | ) | |||||||||||||
Balance, end of year | 1,708 | 1,732 | |||||||||||||||
Valuation reserve | 0 | 0 | |||||||||||||||
Mortgage servicing rights, net | $ | 1,708 | 1,732 | ||||||||||||||
Fair value of mortgage servicing rights | $ | 2,801 | 2,126 | ||||||||||||||
Summary Of Risk Characteristics Of Loans Being Serviced Table [Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | Loan | Weighted Average | Weighted Average Remaining Term | Number | |||||||||||||
Principal | Interest Rate | (months) | of Loans | ||||||||||||||
Balance | |||||||||||||||||
Original term 30 year fixed rate | $ | 203,957 | 4.36 | % | 302 | 1,746 | |||||||||||
Original term 15 year fixed rate | 120,461 | 3.42 | 145 | 1,347 | |||||||||||||
Adjustable rate | 202 | 3.86 | 321 | 5 | |||||||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | Gross | Accumulated | Unamortized | ||||||||||||||
Carrying | Amortization | Mortgage | |||||||||||||||
Amount | Servicing | ||||||||||||||||
Rights | |||||||||||||||||
31-Dec-13 | |||||||||||||||||
Mortgage servicing rights | $ | 3,638 | (1,930 | ) | 1,708 | ||||||||||||
Total | $ | 3,638 | (1,930 | ) | 1,708 | ||||||||||||
31-Dec-12 | |||||||||||||||||
Mortgage servicing rights | $ | 2,412 | (680 | ) | 1,732 | ||||||||||||
Total | $ | 2,412 | (680 | ) | 1,732 | ||||||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | Mortgage | ||||||||||||||||
Servicing | |||||||||||||||||
Year ended December 31, | Rights | ||||||||||||||||
2014 | $ | 420 | |||||||||||||||
2015 | 401 | ||||||||||||||||
2016 | 354 | ||||||||||||||||
2017 | 262 | ||||||||||||||||
2018 | 158 | ||||||||||||||||
Thereafter | 113 | ||||||||||||||||
$ | 1,708 |
Note_8_Real_Estate_Tables
Note 8 - Real Estate (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Real Estate [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Real Estate Properties [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(Dollars in thousands) | Residential | Commercial & Other | Total | Residential | Commercial & Other | Total | |||||||||||||||||||
Real estate in judgment subject to redemption | $ | 0 | 0 | 0 | 501 | 1,055 | 1,556 | ||||||||||||||||||
Real estate acquired through foreclosure | 0 | 7,520 | 7,520 | 1,421 | 6,540 | 7,961 | |||||||||||||||||||
Real estate acquired through deed in lieu of foreclosure | 0 | 1,759 | 1,759 | 47 | 5,109 | 5,156 | |||||||||||||||||||
Real estate acquired in satisfaction of debt | 0 | 63 | 63 | 0 | 79 | 79 | |||||||||||||||||||
0 | 9,342 | 9,342 | 1,969 | 12,783 | 14,752 | ||||||||||||||||||||
Allowance for losses | 0 | (2,444 | ) | (2,444 | ) | (374 | ) | (3,783 | ) | (4,157 | ) | ||||||||||||||
$ | 0 | 6,898 | 6,898 | 1,595 | 9,000 | 10,595 |
Note_9_Premises_and_Equipment_
Note 9 - Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Land | $ | 1,978 | 1,978 | ||||||
Office buildings and improvements | 8,490 | 8,725 | |||||||
Furniture and equipment | 11,350 | 12,722 | |||||||
21,818 | 23,425 | ||||||||
Accumulated depreciation | (15,107 | ) | (16,252 | ) | |||||
$ | 6,711 | 7,173 |
Note_10_Deposits_Tables
Note 10 - Deposits (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Deposits and Weighted Average Interest Rates [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(Dollars in thousands) | Weight | Amount | Percent | Weight Average | Amount | Percent | |||||||||||||||||||
Average | of Total | Rate | of Total | ||||||||||||||||||||||
Rate | |||||||||||||||||||||||||
Noninterest checking | 0 | % | $ | 169,362 | 30.6 | % | 0 | % | $ | 101,198 | 19.6 | % | |||||||||||||
NOW accounts | 0.03 | 70,407 | 12.7 | 0.02 | 71,472 | 13.9 | |||||||||||||||||||
Savings accounts | 0.07 | 44,823 | 8.1 | 0.12 | 42,691 | 8.3 | |||||||||||||||||||
Money market accounts | 0.28 | 139,818 | 25.2 | 0.33 | 111,000 | 21.6 | |||||||||||||||||||
424,410 | 76.6 | 326,361 | 63.4 | ||||||||||||||||||||||
Certificates: | |||||||||||||||||||||||||
0-0.99% | 85,705 | 15.5 | 90,103 | 17.5 | |||||||||||||||||||||
1-1.99% | 38,456 | 6.9 | 81,143 | 15.8 | |||||||||||||||||||||
2-2.99% | 4,798 | 0.9 | 15,063 | 2.9 | |||||||||||||||||||||
3-3.99% | 561 | 0.1 | 2,263 | 0.4 | |||||||||||||||||||||
4-4.99% | 0 | 0 | 18 | 0 | |||||||||||||||||||||
Total certificates | 0.8 | 129,520 | 23.4 | 1.08 | 188,590 | 36.6 | |||||||||||||||||||
Total deposits | 0.26 | $ | 553,930 | 100 | % | 0.48 | $ | 514,951 | 100 | % | |||||||||||||||
Scheduled Maturities of Certificates of Deposit [Table Text Block] | ' | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(Dollars in thousands) | Amount | Weighted | Amount | Weighted | |||||||||||||||||||||
Remaining term to maturity | Average | Average | |||||||||||||||||||||||
Rate | Rate | ||||||||||||||||||||||||
1-6 months | $ | 43,618 | 0.84 | % | $ | 73,451 | 1.1 | % | |||||||||||||||||
7-12 months | 43,462 | 0.64 | 48,782 | 0.88 | |||||||||||||||||||||
13-36 months | 35,542 | 0.86 | 60,498 | 1.16 | |||||||||||||||||||||
Over 36 months | 6,898 | 1.14 | 5,859 | 1.55 | |||||||||||||||||||||
$ | 129,520 | 0.8 | $ | 188,590 | 1.08 | ||||||||||||||||||||
Schedule of Interest Expense Domestic Deposit Liabilities [Table Text Block] | ' | ||||||||||||||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||||||||||||||
NOW accounts | $ | 15 | 35 | 57 | |||||||||||||||||||||
Savings accounts | 34 | 67 | 57 | ||||||||||||||||||||||
Money market accounts | 372 | 447 | 746 | ||||||||||||||||||||||
Certificates | 1,383 | 3,192 | 5,987 | ||||||||||||||||||||||
$ | 1,804 | 3,741 | 6,847 |
Note_11_Federal_Home_Loan_Bank1
Note 11 - Federal Home Loan Bank Advances and Federal Reserve Borrowings (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Federal Home Loan Bank Advances And Federal Reserve Borrowings [Abstract] | ' | ||||||||||||||||
Schedule of Federal Home Loan Bank Borrowings [Table Text Block] | ' | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Dollars in thousands) | Amount | Rate | Amount | Rate | |||||||||||||
Year of Maturity | |||||||||||||||||
2013 | $ | 0 | 0 | % | $ | 70,000 | 4.77 | % | |||||||||
Lines of Credit – Federal Reserve/Federal Home Loan Bank | 0 | 0 | 0 | 0 | |||||||||||||
$ | 0 | 0 | $ | 70,000 | 4.77 |
Note_12_Income_Taxes_Tables
Note 12 - Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Current: | |||||||||||||
Federal | $ | 227 | 108 | 0 | |||||||||
State | 64 | 24 | 0 | ||||||||||
Total current | 291 | 132 | 0 | ||||||||||
Deferred: | |||||||||||||
Federal | 3,554 | 1,598 | (4,010 | ) | |||||||||
State | 1,351 | 280 | (873 | ) | |||||||||
Total deferred | 4,905 | 1,878 | (4,883 | ) | |||||||||
Change in valuation allowance | (19,602 | ) | (1,878 | ) | 4,883 | ||||||||
Income tax (benefit) expense | $ | (14,406 | ) | 132 | 0 | ||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Expected federal income tax (benefit) expense | $ | 4,170 | 1,854 | (3,929 | ) | ||||||||
Items affecting federal income tax: | |||||||||||||
State income taxes, net of federal income tax expense (benefit) | 706 | 327 | (645 | ) | |||||||||
Tax exempt interest | (69 | ) | (86 | ) | (123 | ) | |||||||
(Decrease) increase in valuation allowance | (19,602 | ) | (1,878 | ) | 4,883 | ||||||||
Other, net | 389 | (85 | ) | (186 | ) | ||||||||
Income tax (benefit) expense | $ | (14,406 | ) | 132 | 0 | ||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||||||
Deferred tax assets: | |||||||||||||
Allowances for loan and real estate losses | $ | 5,486 | 10,523 | ||||||||||
Deferred compensation costs | 233 | 315 | |||||||||||
Deferred ESOP loan asset | 706 | 717 | |||||||||||
Nonaccruing loan interest | 558 | 800 | |||||||||||
Federal net operating loss carry forward | 3,983 | 5,113 | |||||||||||
State net operating loss carry forward | 2,802 | 3,219 | |||||||||||
Alternative minimum tax credit carryforward | 700 | 0 | |||||||||||
Capitalized other real estate owned expenses | 1,284 | 194 | |||||||||||
Net unrealized loss on securities available for sale | 291 | 0 | |||||||||||
Other | 340 | 265 | |||||||||||
Total gross deferred tax assets | 16,383 | 21,146 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Net unrealized gain on securities available for sale | 0 | 123 | |||||||||||
Deferred loan fees and costs | 284 | 312 | |||||||||||
Premises and equipment basis difference | 132 | 155 | |||||||||||
Originated mortgage servicing rights | 677 | 707 | |||||||||||
Other | 179 | 247 | |||||||||||
Total gross deferred tax liabilities | 1,272 | 1,544 | |||||||||||
Net deferred tax assets | 15,111 | 19,602 | |||||||||||
Valuation allowance | 0 | (19,602 | ) | ||||||||||
Deferred tax assets, net of valuation allowance | $ | 15,111 | 0 |
Note_13_Employee_Benefits_Tabl
Note 13 - Employee Benefits (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||
Defined Benefit Plan Benefits Payment [Table Text Block] | ' | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||
Date Paid | Amount | Date Paid | Amount | Date Paid | Amount | ||||||||||||||||||||||||
10/15/13 | $ | 42 | 1/9/12 | $ | 234 | ** | |||||||||||||||||||||||
12/30/13 | 215 | 10/12/12 | 38 | ||||||||||||||||||||||||||
12/31/12 | 134 | 10/14/11 | $ | 57 | |||||||||||||||||||||||||
Total | $ | 257 | $ | 406 | $ | 57 | |||||||||||||||||||||||
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block] | ' | ||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||
Shares allocated to participants beginning of the year | 350,539 | 339,991 | 335,453 | ||||||||||||||||||||||||||
Shares allocated to participants | 24,317 | 24,378 | 24,317 | ||||||||||||||||||||||||||
Shares purchased | 9 | 2,353 | 42 | ||||||||||||||||||||||||||
Shares distributed to participants | (26,978 | ) | (16,183 | ) | (19,821 | ) | |||||||||||||||||||||||
Shares allocated to participants end of year | 347,887 | 350,539 | 339,991 | ||||||||||||||||||||||||||
Unreleased shares beginning of the year | 377,074 | 401,452 | 425,769 | ||||||||||||||||||||||||||
Shares released during year | (24,317 | ) | (24,378 | ) | (24,317 | ) | |||||||||||||||||||||||
Unreleased shares end of year | 352,757 | 377,074 | 401,452 | ||||||||||||||||||||||||||
Total ESOP shares end of year | 700,644 | 727,613 | 741,443 | ||||||||||||||||||||||||||
Fair value of unreleased shares at December 31 | $ | 3,728,641 | 1,308,447 | 778,817 | |||||||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||||||||||||||
Unvested options | |||||||||||||||||||||||||||||
Shares available for grant | Restricted shares | Options outstanding | Award value/ weighted average exercise price | Number | Weighted average grant date fair value | Vesting Period (years) | |||||||||||||||||||||||
outstanding | |||||||||||||||||||||||||||||
2001 Plan | |||||||||||||||||||||||||||||
31-Dec-10 | 0 | 5,441 | 139,450 | $ | 20.07 | 93,808 | $ | 1.43 | |||||||||||||||||||||
Vested | 0 | (5,441 | ) | 0 | 0 | (21,292 | ) | 1.43 | |||||||||||||||||||||
31-Dec-11 | 0 | 0 | 139,450 | 20.07 | 72,516 | 1.43 | |||||||||||||||||||||||
Forfeited/expired | 0 | 0 | (93,910 | ) | 16.13 | 0 | 0 | ||||||||||||||||||||||
Vested | 0 | 0 | 0 | 0 | (72,516 | ) | 1.43 | ||||||||||||||||||||||
31-Dec-12 | 0 | 0 | 45,540 | 28.21 | 0 | 0 | |||||||||||||||||||||||
31-Dec-13 | 0 | 0 | 45,540 | 28.21 | 0 | 0 | |||||||||||||||||||||||
2009 Plan | |||||||||||||||||||||||||||||
31-Dec-10 | 163,883 | 134,043 | 15,000 | 4.77 | 12,000 | 4.41 | |||||||||||||||||||||||
Granted January 27, 2011 | (93,600 | ) | 78,000 | 0 | N/A | 0 | 0 | 3 | |||||||||||||||||||||
Forfeited/expired | 538 | (448 | ) | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Vested | 0 | (48,825 | ) | 0 | 0 | (3,000 | ) | 4.41 | |||||||||||||||||||||
31-Dec-11 | 70,821 | 162,770 | 15,000 | 4.77 | 9,000 | 4.41 | |||||||||||||||||||||||
Granted January 27, 2012 | (43,236 | ) | 36,030 | 0 | N/A | 0 | 0 | 3 | |||||||||||||||||||||
Forfeited | 470 | (392 | ) | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Forfeited/expired | 93,910 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Vested | 0 | (50,075 | ) | 0 | 0 | (3,000 | ) | 4.41 | |||||||||||||||||||||
31-Dec-12 | 121,965 | 148,333 | 15,000 | 4.77 | 6,000 | 4.41 | |||||||||||||||||||||||
Granted October 4, 2013 | (37,531 | ) | 31,276 | 0 | N/A | 3 | |||||||||||||||||||||||
Forfeited | 5,400 | (4,500 | ) | 0 | |||||||||||||||||||||||||
Cancelled | 31,219 | 0 | |||||||||||||||||||||||||||
Vested | (73,303 | ) | 0 | (3,000 | ) | 4.41 | |||||||||||||||||||||||
31-Dec-13 | 121,053 | 101,806 | 15,000 | 4.77 | 3,000 | 4.41 | |||||||||||||||||||||||
Total all plans | 121,053 | 101,806 | 60,540 | $ | 22.4 | 3,000 | $ | 4.41 | |||||||||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | ' | ||||||||||||||||||||||||||||
Exercise Price | Number Outstanding | Weighted Average Remaining Contractual Life in Years | Number Exercisable | Number Unexercisable | Unrecognized Compensation Expense | Weighted Average Years Over Which Unrecognized Compensation will be Recognized | |||||||||||||||||||||||
$ | 27.66 | 15,540 | 0.2 | 15,540 | 0 | $ | 0 | N/A | |||||||||||||||||||||
26.98 | 15,000 | 0.6 | 15,000 | 0 | 0 | N/A | |||||||||||||||||||||||
30 | 15,000 | 1.4 | 15,000 | 0 | 0 | N/A | |||||||||||||||||||||||
4.77 | 15,000 | 5.4 | 12,000 | 3,000 | 914 | 0.4 | |||||||||||||||||||||||
60,540 | 57,540 | 3,000 | $ | 914 |
Note_14_Earnings_Loss_per_Comm1
Note 14 - Earnings (Loss) per Common Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||
Year ended December 31, | |||||||||||||
(Dollars in thousands, except per share data) | 2013 | 2012 | 2011 | ||||||||||
Weighted average number of common shares outstanding used in basic earnings per common share calculation | 4,001,288 | 3,946,314 | 3,853,491 | ||||||||||
Net dilutive effect of : | |||||||||||||
Options | 266,391 | 0 | 0 | ||||||||||
Restricted stock awards | 42,487 | 84,338 | 0 | ||||||||||
Weighted average number of common shares outstanding adjusted for effect of dilutive securities | 4,310,166 | 4,030,652 | 3,853,491 | ||||||||||
Net income (loss) available to common shareholders | $ | 24,602 | 3,460 | (13,376 | ) | ||||||||
Basic earnings (loss) per common share | $ | 6.15 | 0.88 | (3.47 | ) | ||||||||
Diluted earnings (loss) per common share | $ | 5.71 | 0.86 | (3.47 | ) |
Note_16_Regulatory_MattersSupe1
Note 16 - Regulatory Matters/Supervisory Agreements and IMCR (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 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 Action Provisions | ||||||||||||||||||||||||||||||
Adequately | |||||||||||||||||||||||||||||||||
Capitalized | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amount | Percent of Assets(1) | Amount | Percent of | Amount | Percent of Assets(1) | Amount | Percent of Assets(1) | |||||||||||||||||||||||||
Assets (1) | |||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Tier I or core capital | $ | 77,848 | 12.22 | % | $ | 25,478 | 4 | % | $ | 52,370 | 8.22 | % | $ | 31,847 | 5 | % | |||||||||||||||||
Tier I risk-based capital | 77,848 | 19.51 | 15,963 | 4 | 61,885 | 15.51 | 23,944 | 6 | |||||||||||||||||||||||||
Risk-based capital to risk-weighted assets | 82,916 | 20.78 | 31,926 | 8 | 50,990 | 12.78 | 39,907 | 10 | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Tier I or core capital | $ | 63,212 | 9.68 | % | $ | 26,123 | 4 | % | $ | 37,089 | 5.68 | % | $ | 32,653 | 5 | % | |||||||||||||||||
Tier I risk-based capital | 63,212 | 14.23 | 17,770 | 4 | 45,442 | 10.23 | 26,655 | 6 | |||||||||||||||||||||||||
Risk-based capital to risk-weighted assets | 68,963 | 15.52 | 35,540 | 8 | 33,423 | 7.52 | 44,425 | 10 |
Note_17_Financial_Instruments_1
Note 17 - Financial Instruments with Off-Balance Sheet Risk (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Financial Instruments With Off Balance Sheet Risk [Abstract] | ' | ||||||||
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | ' | ||||||||
December 31, | |||||||||
Contract Amount | |||||||||
(Dollars in thousands) | 2013 | 2012 | |||||||
Financial instruments whose contract amount represents credit risk: | |||||||||
Commitments to originate, fund or purchase loans: | |||||||||
1-4 family mortgages | $ | 523 | 4,462 | ||||||
Commercial real estate mortgages | 25,514 | 750 | |||||||
Non-real estate commercial loans | 13,095 | 180 | |||||||
Undisbursed balance of loans closed | 7,586 | 5,445 | |||||||
Unused lines of credit | 79,136 | 76,582 | |||||||
Letters of credit | 1,017 | 1,910 | |||||||
Total commitments to extend credit | $ | 126,871 | 89,329 | ||||||
Forward commitments | $ | 2,025 | 7,046 |
Note_19_Fair_Value_Measurement1
Note 19 - Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||||||
Carrying Value at December 31, 2013 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Securities available for sale | $ | 107,956 | 0 | 107,956 | 0 | ||||||||||||||||
Mortgage loan commitments | 2 | 0 | 2 | 0 | |||||||||||||||||
Total | $ | 107,958 | 0 | 107,958 | 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 December 31, 2013 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Year Ended | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Total gains (losses) | |||||||||||||||||||||
Loans held for sale | $ | 1,502 | 0 | 1,502 | 0 | 21 | |||||||||||||||
Mortgage servicing rights | 1,708 | 0 | 1,708 | 0 | 0 | ||||||||||||||||
Loans (1) | 17,498 | 0 | 17,498 | 0 | (1,728 | ) | |||||||||||||||
Real estate, net (2) | 6,898 | 0 | 6,898 | 0 | (429 | ) | |||||||||||||||
Total | $ | 27,606 | 0 | 27,606 | 0 | (2,136 | ) | ||||||||||||||
Carrying Value at December 31, 2012 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Year Ended | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
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_20_Fair_Value_of_Financia1
Note 20 - Fair Value of Financial Instruments (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||
Fair value hierarchy | |||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Carrying | Estimated | Level | Level | Level | Contract | Carrying | Estimated | Contract | ||||||||||||||||||||||||||||
amount | fair value | 1 | 2 | 3 | amount | amount | fair value | amount | |||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 120,686 | 120,686 | 120,686 | 83,660 | 83,660 | |||||||||||||||||||||||||||||||
Securities available for sale | 107,956 | 107,956 | 107,956 | 85,891 | 85,891 | ||||||||||||||||||||||||||||||||
Loans held for sale | 1,502 | 1,502 | 1,502 | 2,584 | 2,584 | ||||||||||||||||||||||||||||||||
Loans receivable, net | 384,615 | 388,263 | 388,263 | 454,045 | 459,177 | ||||||||||||||||||||||||||||||||
Federal Home Loan Bank stock | 784 | 784 | 784 | 4,063 | 4,063 | ||||||||||||||||||||||||||||||||
Accrued interest receivable | 1,953 | 1,953 | 1,953 | 2,018 | 2,018 | ||||||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||||||
Deposits | 553,930 | 553,930 | 553,930 | 514,951 | 514,951 | ||||||||||||||||||||||||||||||||
Federal Home Loan Bank advances | 0 | 0 | 0 | 70,000 | 71,623 | ||||||||||||||||||||||||||||||||
Accrued interest payable | 146 | 146 | 146 | 247 | 247 | ||||||||||||||||||||||||||||||||
Off-balance sheet financial instruments: | |||||||||||||||||||||||||||||||||||||
Commitments to extend credit | 2 | 2 | 126,871 | 27 | 27 | 89,329 | |||||||||||||||||||||||||||||||
Commitments to sell loans | (22 | ) | (22 | ) | 2,025 | (40 | ) | (40 | ) | 7,046 |
Note_21_HMN_Financial_Inc_Fina1
Note 21 - HMN Financial, Inc. Financial Information (Parent Company Only) (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Financial Statements [Table Text Block] | ' | ||||||||||||
(Dollars in thousands) | 2013 | 2012 | 2011 | ||||||||||
Condensed Balance Sheets | |||||||||||||
Assets: | |||||||||||||
Cash and cash equivalents | $ | 141 | 154 | ||||||||||
Investment in subsidiaries | 88,332 | 63,165 | |||||||||||
Loans receivable, net | 1,000 | 800 | |||||||||||
Prepaid expenses and other assets | 79 | 14 | |||||||||||
Deferred tax asset, net | 931 | 0 | |||||||||||
Total assets | $ | 90,483 | 64,133 | ||||||||||
Liabilities and Stockholders' Equity: | |||||||||||||
Accrued expenses and other liabilities | $ | 4,808 | 3,299 | ||||||||||
Total liabilities | 4,808 | 3,299 | |||||||||||
Serial preferred stock | 26,000 | 25,336 | |||||||||||
Common stock | 91 | 91 | |||||||||||
Additional paid-in capital | 51,175 | 51,795 | |||||||||||
Retained earnings | 72,211 | 47,004 | |||||||||||
Net unrealized losses on securities available for sale | (674 | ) | (49 | ) | |||||||||
Unearned employee stock ownership plan shares | (2,804 | ) | (2,997 | ) | |||||||||
Treasury stock, at cost, 4,704,313 and 4,705,073 shares | (60,324 | ) | (60,346 | ) | |||||||||
Total stockholders' equity | 85,675 | 60,834 | |||||||||||
Total liabilities and stockholders' equity | $ | 90,483 | 64,133 | ||||||||||
Condensed Statements of Income (Loss) | |||||||||||||
Interest income | $ | 1 | 3 | 4 | |||||||||
Equity income (losses) of subsidiaries | 26,792 | 6,220 | (10,519 | ) | |||||||||
Compensation and benefits | (235 | ) | (227 | ) | (263 | ) | |||||||
Occupancy | (24 | ) | (24 | ) | (24 | ) | |||||||
Data processing | (6 | ) | (6 | ) | (6 | ) | |||||||
Other | (498 | ) | (513 | ) | (747 | ) | |||||||
Income (loss) before income tax expense (benefit) | 26,030 | 5,453 | (11,555 | ) | |||||||||
Income tax (benefit) expense | (640 | ) | 132 | 0 | |||||||||
Net income (loss) | $ | 26,670 | 5,321 | (11,555 | ) | ||||||||
Condensed Statements of Cash Flows | |||||||||||||
Cash flows from operating activities: | |||||||||||||
Net income (loss) | $ | 26,670 | 5,321 | (11,555 | ) | ||||||||
Adjustments to reconcile net income (loss) to cash used by operating activities: | |||||||||||||
Equity (income) losses of subsidiaries | (26,792 | ) | (6,220 | ) | 10,519 | ||||||||
Deferred income tax benefit | (931 | ) | 0 | 0 | |||||||||
Earned employee stock ownership shares priced below original cost | (21 | ) | (162 | ) | (81 | ) | |||||||
Stock option compensation | 4 | 7 | 29 | ||||||||||
Cancellation of restricted stock awards | (119 | ) | 0 | 0 | |||||||||
Amortization of restricted stock awards | 202 | 233 | 298 | ||||||||||
Decrease in unearned ESOP shares | 193 | 194 | 193 | ||||||||||
Increase in accrued expenses and other liabilities | 47 | 65 | 101 | ||||||||||
(Increase) decrease in other assets | (65 | ) | 22 | 13 | |||||||||
Other, net | (1 | ) | 0 | (1 | ) | ||||||||
Net cash used by operating activities | (813 | ) | (540 | ) | (484 | ) | |||||||
Cash flows from investing activities: | |||||||||||||
(Increase) decrease in loans receivable, net | (200 | ) | 600 | 100 | |||||||||
Net cash (used) provided by investing activities | (200 | ) | 600 | 100 | |||||||||
Cash flows from financing activities: | |||||||||||||
Dividends received from Bank | 1,000 | 0 | 0 | ||||||||||
Net cash used by financing activities | 1,000 | 0 | 0 | ||||||||||
(Decrease) increase in cash and cash equivalents | (13 | ) | 60 | (384 | ) | ||||||||
Cash and cash equivalents, beginning of year | 154 | 94 | 478 | ||||||||||
Cash and cash equivalents, end of year | $ | 141 | 154 | 94 |
Note_22_Business_Segments_Tabl
Note 22 - Business Segments (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 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 year ended December 31, 2013: | |||||||||||||||||
Interest income - external customers | $ | 22,983 | 0 | 0 | 22,983 | ||||||||||||
Non-interest income - external customers | 7,312 | 0 | 0 | 7,312 | |||||||||||||
Intersegment interest income | 0 | 1 | (1 | ) | 0 | ||||||||||||
Intersegment non-interest income | 182 | 26,792 | (26,974 | ) | 0 | ||||||||||||
Interest expense | 3,290 | 0 | (1 | ) | 3,289 | ||||||||||||
Non-interest expense | 22,039 | 766 | (182 | ) | 22,623 | ||||||||||||
Income tax benefit | (13,766 | ) | (640 | ) | 0 | (14,406 | ) | ||||||||||
Net income | 26,795 | 26,667 | (26,792 | ) | 26,670 | ||||||||||||
Total assets | 647,679 | 90,483 | (89,540 | ) | 648,622 | ||||||||||||
At or for the year ended December 31, 2012: | |||||||||||||||||
Interest income - external customers | $ | 30,816 | 0 | 0 | 30,816 | ||||||||||||
Non-interest income - external customers | 8,990 | 0 | 0 | 8,990 | |||||||||||||
Intersegment interest income | 0 | 4 | (4 | ) | 0 | ||||||||||||
Intersegment non-interest income | 186 | 6,220 | (6,406 | ) | 0 | ||||||||||||
Interest expense | 7,143 | 0 | (4 | ) | 7,139 | ||||||||||||
Non-interest expense | 24,077 | 779 | (186 | ) | 24,670 | ||||||||||||
Income tax expense | 0 | 132 | 0 | 132 | |||||||||||||
Net income | 6,228 | 5,313 | (6,220 | ) | 5,321 | ||||||||||||
Total assets | 653,315 | 64,135 | (64,123 | ) | 653,327 | ||||||||||||
At or for the year ended December 31, 2011: | |||||||||||||||||
Interest income - external customers | $ | 39,541 | 0 | 0 | 39,541 | ||||||||||||
Non-interest income - external customers | 6,863 | 0 | 0 | 6,863 | |||||||||||||
Gain on limited partnerships | 6 | 0 | 0 | 6 | |||||||||||||
Intersegment interest income | 0 | 4 | (4 | ) | 0 | ||||||||||||
Intersegment non-interest income | 186 | (10,519 | ) | 10,333 | 0 | ||||||||||||
Interest expense | 11,139 | 0 | (4 | ) | 11,135 | ||||||||||||
Non-interest expense | 28,689 | 1,049 | (186 | ) | 29,552 | ||||||||||||
Net loss | (10,510 | ) | (11,564 | ) | 10,519 | (11,555 | ) | ||||||||||
Total assets | 790,115 | 59,005 | (58,965 | ) | 790,155 |
Note_1_Description_of_the_Busi1
Note 1 - Description of the Business and Summary of Significant Accounting Policies (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Note 1 - Description of the Business and Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Percentage Of Ownership In Subsidiaries | 100.00% |
Number Of Wholly Owned Subsidiaries | 2 |
Building and Building Improvements [Member] | Minimum [Member] | ' |
Note 1 - Description of the Business and Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Property, Plant and Equipment, Useful Life | '5 years |
Building and Building Improvements [Member] | Maximum [Member] | ' |
Note 1 - Description of the Business and Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Property, Plant and Equipment, Useful Life | '40 years |
Furniture and Equipment [Member] | Minimum [Member] | ' |
Note 1 - Description of the Business and Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Property, Plant and Equipment, Useful Life | '3 years |
Furniture and Equipment [Member] | Maximum [Member] | ' |
Note 1 - Description of the Business and Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Property, Plant and Equipment, Useful Life | '10 years |
Note_2_Other_Comprehensive_Inc2
Note 2 - Other Comprehensive Income (Loss) (Details) - Components of Other Comprehensive Income (Loss) and Related Tax Effects (USD $) | 12 Months Ended | 24 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 |
Components of Other Comprehensive Income (Loss) and Related Tax Effects [Abstract] | ' | ' | ' | ' |
Gross unrealized losses arising during the period | ($1,272) | ($520) | ' | ($70) |
Gross unrealized losses arising during the period | -647 | 0 | ' | 0 |
Gross unrealized losses arising during the period | -625 | -520 | ' | -70 |
Less reclassification of net gains included in net income | 0 | 0 | ' | 0 |
Less reclassification of net gains included in net income | 0 | 0 | ' | 0 |
Less reclassification of net gains included in net income | 0 | 0 | ' | 0 |
Net unrealized losses arising during the period | -1,272 | -520 | ' | -70 |
Net unrealized losses arising during the period | -647 | 0 | ' | 0 |
Net unrealized losses arising during the period | -625 | -520 | ' | -70 |
Other comprehensive loss | -1,272 | -520 | ' | -70 |
Other comprehensive loss | -647 | 0 | ' | 0 |
Other comprehensive loss | ($625) | ($520) | ($70) | ($70) |
Note_3_Securities_Available_Fo2
Note 3 - Securities Available For Sale (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Investments, Debt and Equity Securities [Abstract] | ' | ' | ' |
Proceeds from Sale of Available-for-sale Securities | $0 | $0 | $0 |
Available-for-sale Securities, Gross Realized Gain (Loss) | $0 | $0 | $0 |
Note_3_Securities_Available_Fo3
Note 3 - Securities Available For Sale (Details) - Summary of Securities Available for Sale (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Mortgage-backed securities: | ' | ' |
Amortized cost | $108,687 | $85,584 |
Gross Unrealized Gains | 326 | 766 |
Gross Unrealized Losses | -1,057 | -459 |
Avaiable-for-sale Securities Fair Value | 107,956 | 85,891 |
FHLMC [Member] | Mortgage-backed Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 2,749 | 5,669 |
Gross Unrealized Gains | 183 | 294 |
Gross Unrealized Losses | 0 | 0 |
Avaiable-for-sale Securities Fair Value | 2,932 | 5,963 |
FNMA [Member] | Mortgage-backed Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 2,150 | 4,076 |
Gross Unrealized Gains | 131 | 301 |
Gross Unrealized Losses | 0 | 0 |
Avaiable-for-sale Securities Fair Value | 2,281 | 4,377 |
FNMA [Member] | Collateralized Mortgage Obligations [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
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] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 103,030 | 75,059 |
Gross Unrealized Gains | 1 | 170 |
Gross Unrealized Losses | -637 | -4 |
Avaiable-for-sale Securities Fair Value | 102,394 | 75,225 |
Corporate Preferred Stock [Member] | Other Marketable Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 700 | 700 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | -420 | -455 |
Avaiable-for-sale Securities Fair Value | 280 | 245 |
Corporate Equity Securities [Member] | Other Marketable Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 58 | ' |
Gross Unrealized Gains | 11 | ' |
Gross Unrealized Losses | 0 | ' |
Avaiable-for-sale Securities Fair Value | 69 | ' |
Mortgage-backed Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 4,899 | ' |
Gross Unrealized Gains | 314 | ' |
Gross Unrealized Losses | 0 | ' |
Avaiable-for-sale Securities Fair Value | 5,213 | ' |
Other Marketable Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 103,788 | 75,759 |
Gross Unrealized Gains | 12 | 170 |
Gross Unrealized Losses | -1,057 | -459 |
Avaiable-for-sale Securities Fair Value | 102,743 | 75,470 |
Mortgage Backed Securities And Collateralized Mortgage Obligations [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | ' | 9,825 |
Gross Unrealized Gains | ' | 596 |
Gross Unrealized Losses | ' | 0 |
Avaiable-for-sale Securities Fair Value | ' | $10,421 |
Note_3_Securities_Available_Fo4
Note 3 - Securities Available For Sale (Details) - Summary of Contractual Maturity Adjusted for Scheduled Repayments of Principal and Projected Prepayments (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of Contractual Maturity Adjusted for Scheduled Repayments of Principal and Projected Prepayments [Abstract] | ' | ' |
Due one year or less | $77,995 | ' |
Due one year or less | 77,645 | ' |
Due after one year through five years | 29,903 | ' |
Due after one year through five years | 29,929 | ' |
Due after five years through ten years | 31 | ' |
Due after five years through ten years | 33 | ' |
Due after ten years | 758 | ' |
Due after ten years | 349 | ' |
Total | 108,687 | ' |
Total | $107,956 | $85,891 |
Note_3_Securities_Available_Fo5
Note 3 - Securities Available For Sale (Details) - Summary of Unrealized Losses and Fair Value for Securities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other marketable securities: | ' | ' |
Number of Investments, Less than Twelve Months | 20 | 1 |
Fair Value, Less than Twelve Months | $93,390 | $4,996 |
Unrealized Losses, Less than Twelve Months | -637 | -4 |
Number of Investments, Twelve Months and More | 1 | 1 |
Fair Value, Twelve Months and More | 280 | 245 |
Unrealized Losses, Twelve Months and More | -420 | -455 |
Fair Value, Total | 93,670 | 5,241 |
Unrealized Losses, Total | -1,057 | -459 |
US Government Agencies Debt Securities [Member] | ' | ' |
Other marketable securities: | ' | ' |
Number of Investments, Less than Twelve Months | 20 | 1 |
Fair Value, Less than Twelve Months | 93,390 | 4,996 |
Unrealized Losses, Less than Twelve Months | -637 | -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 | 93,390 | 4,996 |
Unrealized Losses, Total | -637 | -4 |
Corporate Preferred Stock [Member] | ' | ' |
Other marketable securities: | ' | ' |
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 | 280 | 245 |
Unrealized Losses, Twelve Months and More | -420 | -455 |
Fair Value, Total | 280 | 245 |
Unrealized Losses, Total | ($420) | ($455) |
Note_4_Loans_Receivable_Net_De
Note 4 - Loans Receivable, Net (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 4 - Loans Receivable, Net (Details) [Line Items] | ' | ' | ' |
Receivable Loans And Lease Commitments To Originate Or Purchase Loans | $39,507,000 | $5,392,000 | ' |
Loans and Leases Receivable, Related Parties | 3,100,000 | 3,100,000 | 4,000,000 |
Loans and Leases Receivable, Related Parties, Collections | 106,000 | 54,000 | ' |
Loans and Leases Receivable, Related Parties, Additions | 281,000 | 198,000 | ' |
Loans And Leases Receivable Related Parties Loans Sold | 0 | 198,000 | ' |
Loans And Leases Receivable Reduction Due To Change In Officer Status | ' | 943,000 | ' |
Servicing Liability For Others Unpaid Principa lBalance | 411,800,000 | 428,200,000 | 417,400,000 |
Closed or Paid Off [Member] | Director [Member] | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Related Parties, Collections | 146,000 | ' | ' |
Fixed Rate Loans [Member] | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) [Line Items] | ' | ' | ' |
Receivable Loans And Lease Commitments To Originate Or Purchase Loans | $26,300,000 | $5,400,000 | ' |
Minimum [Member] | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) [Line Items] | ' | ' | ' |
ReceivableLoansAndLeaseCommitmentsInterestPercentage | 3.38% | 2.50% | ' |
Maximum [Member] | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) [Line Items] | ' | ' | ' |
ReceivableLoansAndLeaseCommitmentsInterestPercentage | 5.79% | 5.50% | ' |
Note_4_Loans_Receivable_Net_De1
Note 4 - Loans Receivable, Net (Details) - Loans Receivable (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | $396,049,000 | $475,773,000 | ' | ' |
Unamortized discounts | 33,000 | 33,000 | ' | ' |
Net deferred loan fees | 0 | 87,000 | ' | ' |
Allowance for loan losses | 11,401,000 | 21,608,000 | 23,888,000 | 42,828,000 |
Total loans receivable, net | 384,615,000 | 454,045,000 | ' | ' |
Commitments to originate or purchase loans | 39,507,000 | 5,392,000 | ' | ' |
Commitments to deliver loans to secondary market | 2,025,000 | 7,046,000 | ' | ' |
Weighted average contractual rate of loans in portfolio | 4.71% | 5.01% | ' | ' |
1-4 Family Conventional [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 75,958,000 | 96,512,000 | ' | ' |
1-4 Family FHA [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 464,000 | 479,000 | ' | ' |
1-4 Family VA [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 45,000 | 46,000 | ' | ' |
Residential One Through Four Family [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 76,467,000 | 97,037,000 | ' | ' |
Lodging [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 33,603,000 | 31,020,000 | ' | ' |
Retail/Office [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 42,490,000 | 66,159,000 | ' | ' |
Nursing Home/Health Care [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 6,558,000 | 22,205,000 | ' | ' |
Land Developments [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 28,643,000 | 36,691,000 | ' | ' |
Golf Courses [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 6,574,000 | 7,193,000 | ' | ' |
Restaurant/Bar/Cafe [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 3,609,000 | 3,057,000 | ' | ' |
Alternative Fuel Plants [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 9,783,000 | 13,911,000 | ' | ' |
Warehouse [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 9,180,000 | 7,570,000 | ' | ' |
1-4 Family Builder Construction [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 7,299,000 | 6,659,000 | ' | ' |
Multi Family Construction [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 0 | 3,811,000 | ' | ' |
Commercial Real Estate Construction [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 552,000 | 1,960,000 | ' | ' |
Manufacturing [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 11,344,000 | 11,196,000 | ' | ' |
Churches/Community Service [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 7,199,000 | 3,731,000 | ' | ' |
Commercial Multi Family [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 8,113,000 | 11,756,000 | ' | ' |
Other Non-Construction [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 19,503,000 | 17,988,000 | ' | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 194,450,000 | 244,907,000 | ' | ' |
Consumer Auto [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 971,000 | 623,000 | ' | ' |
Home Equity Line [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 36,178,000 | 36,521,000 | ' | ' |
Consumer Home Equity [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 11,629,000 | 11,390,000 | ' | ' |
Consumer Secured Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 1,070,000 | 1,184,000 | ' | ' |
Consumer Land/Lot Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 1,827,000 | 2,246,000 | ' | ' |
Consumer Savings [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 177,000 | 220,000 | ' | ' |
Consumer Mobile Home [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 360,000 | 449,000 | ' | ' |
Consumer Unsecured Loans [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 1,211,000 | 1,342,000 | ' | ' |
Consumer [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | 53,423,000 | 53,975,000 | ' | ' |
Commercial Business [Member] | ' | ' | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' | ' | ' |
Loans receivable | $71,709,000 | $79,854,000 | ' | ' |
Note_4_Loans_Receivable_Net_De2
Note 4 - Loans Receivable, Net (Details) - Loans Originated by State (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 4 - Loans Receivable, Net (Details) - Loans Originated by State [Line Items] | ' | ' |
Single family and multi family residential loans, amount (in Dollars) | $396,049 | $475,773 |
Single Family and Multi Family Residential Loans [Member] | IOWA | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Originated by State [Line Items] | ' | ' |
Single family and multi family residential loans, amount (in Dollars) | 3,793 | 4,503 |
Single family and multi family residential loans, percent of total | 5.00% | 4.60% |
Single Family and Multi Family Residential Loans [Member] | MINNESOTA | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Originated by State [Line Items] | ' | ' |
Single family and multi family residential loans, amount (in Dollars) | 69,219 | 88,364 |
Single family and multi family residential loans, percent of total | 90.50% | 91.10% |
Single Family and Multi Family Residential Loans [Member] | WISCONSIN | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Originated by State [Line Items] | ' | ' |
Single family and multi family residential loans, amount (in Dollars) | 1,770 | 2,319 |
Single family and multi family residential loans, percent of total | 2.30% | 2.40% |
Single Family and Multi Family Residential Loans [Member] | Other States [Member] | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Originated by State [Line Items] | ' | ' |
Single family and multi family residential loans, amount (in Dollars) | 1,685 | 1,851 |
Single family and multi family residential loans, percent of total | 2.20% | 1.90% |
Single Family and Multi Family Residential Loans [Member] | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Loans Originated by State [Line Items] | ' | ' |
Single family and multi family residential loans, amount (in Dollars) | $76,467 | $97,037 |
Single family and multi family residential loans, percent of total | 100.00% | 100.00% |
Note_4_Loans_Receivable_Net_De3
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans [Line Items] | ' | ' |
Commercial Real Estate Loans (in Dollars) | $194,450 | $244,907 |
Commercial Real Estate Loans, Percentage of Portfolio | 100.00% | 100.00% |
FLORIDA | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans [Line Items] | ' | ' |
Commercial Real Estate Loans (in Dollars) | 2,312 | 4,458 |
Commercial Real Estate Loans, Percentage of Portfolio | 1.20% | 1.80% |
IDAHO | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans [Line Items] | ' | ' |
Commercial Real Estate Loans (in Dollars) | 3,936 | 4,348 |
Commercial Real Estate Loans, Percentage of Portfolio | 2.00% | 1.80% |
INDIANA | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans [Line Items] | ' | ' |
Commercial Real Estate Loans (in Dollars) | 5,023 | 6,461 |
Commercial Real Estate Loans, Percentage of Portfolio | 2.60% | 2.70% |
IOWA | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans [Line Items] | ' | ' |
Commercial Real Estate Loans (in Dollars) | 1,267 | 2,732 |
Commercial Real Estate Loans, Percentage of Portfolio | 0.60% | 1.10% |
KANSAS | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans [Line Items] | ' | ' |
Commercial Real Estate Loans (in Dollars) | 0 | 1,014 |
Commercial Real Estate Loans, Percentage of Portfolio | 0.00% | 0.40% |
MINNESOTA | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans [Line Items] | ' | ' |
Commercial Real Estate Loans (in Dollars) | 163,040 | 209,935 |
Commercial Real Estate Loans, Percentage of Portfolio | 83.90% | 85.70% |
NORTH CAROLINA | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans [Line Items] | ' | ' |
Commercial Real Estate Loans (in Dollars) | 5,576 | 7,161 |
Commercial Real Estate Loans, Percentage of Portfolio | 2.90% | 2.90% |
NORTH DAKOTA | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans [Line Items] | ' | ' |
Commercial Real Estate Loans (in Dollars) | 1,282 | 0 |
Commercial Real Estate Loans, Percentage of Portfolio | 0.70% | 0.00% |
WISCONSIN | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans [Line Items] | ' | ' |
Commercial Real Estate Loans (in Dollars) | 10,589 | 8,091 |
Commercial Real Estate Loans, Percentage of Portfolio | 5.40% | 3.30% |
Other States [Member] | ' | ' |
Note 4 - Loans Receivable, Net (Details) - Commercial Real Estate Loans [Line Items] | ' | ' |
Commercial Real Estate Loans (in Dollars) | $1,425 | $707 |
Commercial Real Estate Loans, Percentage of Portfolio | 0.70% | 0.30% |
Note_5_Allowance_for_Loan_Loss2
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) [Line Items] | ' | ' | ' |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | $0 | $7,423,000 | ' |
Loans Considered Default | ' | '90 days | ' |
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | 17,496,000 | 29,975,000 | 34,000,000 |
Impaired Financing Receivable, Related Allowance | 3,778,000 | 4,813,000 | ' |
Loan Receivable For Which Value Of Collateral Sufficient To Repay | 7,800,000 | 10,300,000 | 14,800,000 |
Impaired Financing Receivable, Interest Income, Accrual Method | 494,000 | 946,000 | ' |
Financing Receivable, Modifications, Recorded Investment | 19,229,000 | 33,055,000 | 29,200,000 |
Loans and Leases Receivable, Impaired, Troubled Debt, Interest Income | 1,800,000 | 2,500,000 | 2,500,000 |
Restructured Loans Classified Performing | 300,000 | ' | ' |
Restructured Loans Classified Non Performing | 800,000 | ' | ' |
Reserves For Loan Losses On Troubled Debt Restructurings | 2,900,000 | 3,700,000 | ' |
Percentage Reserves For Loan Losses On Troubled Debt Restructurings | 25.60% | 17.20% | ' |
Loan Loss Reserves | 11,400,000 | 21,600,000 | ' |
Non-Accuring Loans[Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) [Line Items] | ' | ' | ' |
Impaired Financing Receivable, Related Allowance | 3,400,000 | 3,900,000 | 5,200,000 |
Impaired Loans With Sufficient Collateral to Repay Loan [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) [Line Items] | ' | ' | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 1,800,000 | 2,400,000 | 3,200,000 |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 100,000 | 500,000 | 700,000 |
Troubled Debt Restructurings [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) [Line Items] | ' | ' | ' |
Impaired Financing Receivable, Interest Income, Cash Basis Method | $500,000 | $900,000 | $600,000 |
Note_5_Allowance_for_Loan_Loss3
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Allowance for Loan Losses (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allocated to: | ' | ' | ' |
Specific reserves | $3,778 | $4,813 | ' |
General reserves | 7,623 | 16,795 | ' |
Balance | 21,608 | 23,888 | 42,828 |
Provision for losses | -7,881 | 2,544 | 17,278 |
Charge-offs | -5,046 | -9,317 | -39,302 |
Recoveries | 2,720 | 4,493 | 3,084 |
Loans receivable at December 31, 2012: | ' | ' | ' |
Loans Individually reviewed for impairment | 21,276 | 37,100 | ' |
Loans Collectively reviewed for impairment | 374,773 | 438,673 | ' |
Total Loans | 396,049 | 475,773 | ' |
Balance | 11,401 | 21,608 | 23,888 |
1-4 Family [Member] | ' | ' | ' |
Allocated to: | ' | ' | ' |
Specific reserves | 404 | 571 | ' |
General reserves | 1,224 | 2,250 | ' |
Balance | 2,821 | 3,718 | 2,145 |
Provision for losses | -1,206 | -834 | 2,081 |
Charge-offs | -200 | -63 | -508 |
Recoveries | 213 | 0 | 0 |
Loans receivable at December 31, 2012: | ' | ' | ' |
Loans Individually reviewed for impairment | 1,888 | 4,687 | ' |
Loans Collectively reviewed for impairment | 74,579 | 92,350 | ' |
Total Loans | 76,467 | 97,037 | ' |
Balance | 1,628 | 2,821 | 3,718 |
Commercial Real Estate [Member] | ' | ' | ' |
Allocated to: | ' | ' | ' |
Specific reserves | 2,403 | 2,591 | ' |
General reserves | 4,055 | 10,997 | ' |
Balance | 13,588 | 13,622 | 24,590 |
Provision for losses | -5,190 | 3,864 | 11,785 |
Charge-offs | -3,711 | -5,719 | -23,012 |
Recoveries | 1,771 | 1,821 | 259 |
Loans receivable at December 31, 2012: | ' | ' | ' |
Loans Individually reviewed for impairment | 17,190 | 28,195 | ' |
Loans Collectively reviewed for impairment | 177,260 | 216,712 | ' |
Total Loans | 194,450 | 244,907 | ' |
Balance | 6,458 | 13,588 | 13,622 |
Consumer Loan [Member] | ' | ' | ' |
Allocated to: | ' | ' | ' |
Specific reserves | 382 | 537 | ' |
General reserves | 724 | 609 | ' |
Balance | 1,146 | 1,159 | 924 |
Provision for losses | 347 | 686 | 482 |
Charge-offs | -484 | -1,071 | -270 |
Recoveries | 97 | 372 | 23 |
Loans receivable at December 31, 2012: | ' | ' | ' |
Loans Individually reviewed for impairment | 917 | 1,823 | ' |
Loans Collectively reviewed for impairment | 52,506 | 52,152 | ' |
Total Loans | 53,423 | 53,975 | ' |
Balance | 1,106 | 1,146 | 1,159 |
Commercial Business [Member] | ' | ' | ' |
Allocated to: | ' | ' | ' |
Specific reserves | 589 | 1,114 | ' |
General reserves | 1,620 | 2,939 | ' |
Balance | 4,053 | 5,389 | 15,169 |
Provision for losses | -1,832 | -1,172 | 2,930 |
Charge-offs | -651 | -2,464 | -15,512 |
Recoveries | 639 | 2,300 | 2,802 |
Loans receivable at December 31, 2012: | ' | ' | ' |
Loans Individually reviewed for impairment | 1,281 | 2,395 | ' |
Loans Collectively reviewed for impairment | 70,428 | 77,459 | ' |
Total Loans | 71,709 | 79,854 | ' |
Balance | $2,209 | $4,053 | $5,389 |
Note_5_Allowance_for_Loan_Loss4
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Classified and Unclassified Loans (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | $396,049 | $475,773 |
Classified [Member] | 1-4 Family [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 738 | 1,004 |
Classified [Member] | 1-4 Family [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 6,987 | 13,915 |
Classified [Member] | 1-4 Family [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 322 | 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 | 8,047 | 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 | 19,229 | 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 | 19,229 | 36,954 |
Classified [Member] | Commercial Real Estate Other [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 5,337 | 17,170 |
Classified [Member] | Commercial Real Estate Other [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 13,092 | 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 | 18,429 | 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 | 524 | 1,543 |
Classified [Member] | Consumer [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 152 | 123 |
Classified [Member] | Consumer [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 240 | 157 |
Classified [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 916 | 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 | 401 | 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 | 401 | 320 |
Classified [Member] | Commercial Business Other [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 1,419 | 1,224 |
Classified [Member] | Commercial Business Other [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 6,433 | 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 | 7,852 | 13,986 |
Classified [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 7,494 | 20,142 |
Classified [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 46,666 | 94,981 |
Classified [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 474 | 290 |
Classified [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 240 | 157 |
Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 54,874 | 115,570 |
Unclassified [Member] | 1-4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 68,420 | 82,085 |
Unclassified [Member] | Residential Developments [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 13,755 | 9,389 |
Unclassified [Member] | Commercial Real Estate Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 143,037 | 151,029 |
Unclassified [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 52,507 | 52,152 |
Unclassified [Member] | Construction Industry [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 5,933 | 2,346 |
Unclassified [Member] | Commercial Business Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 57,523 | 63,202 |
Unclassified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 341,175 | 360,203 |
1-4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 76,467 | 97,037 |
Residential Developments [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 32,984 | 46,343 |
Commercial Real Estate Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 161,466 | 198,564 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 53,423 | 53,975 |
Construction Industry [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 6,334 | 2,666 |
Commercial Business Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | $65,375 | $77,188 |
Note_5_Allowance_for_Loan_Loss5
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Aging of Past Due Loans (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
2013 | ' | ' |
30-59 Days Past Due | $2,760 | $3,298 |
60-89 Days Past Due | 3,848 | 426 |
90 Days or More Past Due | 379 | 7,835 |
Total Past Due | 6,987 | 11,559 |
Current Loans | 389,062 | 464,214 |
Total Loans | 396,049 | 475,773 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 7,423 |
1-4 Family [Member] | ' | ' |
2013 | ' | ' |
30-59 Days Past Due | 1,542 | 1,172 |
60-89 Days Past Due | 128 | 240 |
90 Days or More Past Due | 322 | 0 |
Total Past Due | 1,992 | 1,412 |
Current Loans | 74,475 | 95,625 |
Total Loans | 76,467 | 97,037 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Residential Developments [Member] | ' | ' |
2013 | ' | ' |
30-59 Days Past Due | 0 | 0 |
60-89 Days Past Due | 1,426 | 0 |
90 Days or More Past Due | 0 | 0 |
Total Past Due | 1,426 | 0 |
Current Loans | 31,558 | 46,343 |
Total Loans | 32,984 | 46,343 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Commercial Real Estate Other [Member] | ' | ' |
2013 | ' | ' |
30-59 Days Past Due | 0 | 49 |
60-89 Days Past Due | 0 | 0 |
90 Days or More Past Due | 0 | 289 |
Total Past Due | 0 | 338 |
Current Loans | 161,466 | 198,226 |
Total Loans | 161,466 | 198,564 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Consumer [Member] | ' | ' |
2013 | ' | ' |
30-59 Days Past Due | 418 | 591 |
60-89 Days Past Due | 256 | 80 |
90 Days or More Past Due | 57 | 0 |
Total Past Due | 731 | 671 |
Current Loans | 52,692 | 53,304 |
Total Loans | 53,423 | 53,975 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Construction Industry [Member] | ' | ' |
2013 | ' | ' |
30-59 Days Past Due | 0 | 45 |
60-89 Days Past Due | 1,934 | 0 |
90 Days or More Past Due | 0 | 79 |
Total Past Due | 1,934 | 124 |
Current Loans | 4,400 | 2,542 |
Total Loans | 6,334 | 2,666 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Commercial Business Other [Member] | ' | ' |
2013 | ' | ' |
30-59 Days Past Due | 800 | 1,441 |
60-89 Days Past Due | 104 | 106 |
90 Days or More Past Due | 0 | 7,467 |
Total Past Due | 904 | 9,014 |
Current Loans | 64,471 | 68,174 |
Total Loans | 65,375 | 77,188 |
Loans 90 Days or More Past Due and Still Accruing | $0 | $7,423 |
Note_5_Allowance_for_Loan_Loss6
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Impaired Loans and Related Allowances (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Loans with an allowance recorded: | ' | ' |
Loans With Related Allowance Recorded, Related Allowance | $3,778 | $4,813 |
Total: | ' | ' |
Impaired Loans, Recorded Investment | 21,276 | 37,100 |
Impaired Loans, Unpaid Principal Balance | 32,433 | 46,991 |
Impaired Loans, Related Allowance | 3,778 | 4,813 |
Impaired Loans, Average Recorded Investment | 30,765 | 45,350 |
Impaired Loans, Interest Income Recognized | 494 | 946 |
1-4 Family [Member] | ' | ' |
Loans with no related allowance recorded: | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | 88 | 1,617 |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | 88 | 1,617 |
Loans With No Related Allowance Recorded, Related Allowance | 0 | 0 |
Loans With No Related Allowance Recorded, Average Recorded Investment | 1,304 | 2,973 |
Loans With No Related Allowance Recorded, Interest Income Recognized | 2 | 66 |
Loans with an allowance recorded: | ' | ' |
Loans With Related Allowance Recorded, Recorded Investment | 1,800 | 3,070 |
Loans With Related Allowance Recorded, Unpaid Principal Balance | 1,844 | 3,114 |
Loans With Related Allowance Recorded, Related Allowance | 404 | 571 |
Loans With Related Allowance Recorded, Average Recorded Investment | 2,417 | 3,638 |
Loans With Related Allowance Recorded, Interest Income Recognized | 36 | 61 |
Total: | ' | ' |
Impaired Loans, Recorded Investment | 1,888 | 4,687 |
Impaired Loans, Unpaid Principal Balance | 1,932 | 4,731 |
Impaired Loans, Related Allowance | 404 | 571 |
Impaired Loans, Average Recorded Investment | 3,721 | 6,611 |
Impaired Loans, Interest Income Recognized | 38 | 127 |
Residential Developments [Member] | ' | ' |
Loans with no related allowance recorded: | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | 8,257 | 10,714 |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | 13,636 | 15,530 |
Loans With No Related Allowance Recorded, Related Allowance | 0 | 0 |
Loans With No Related Allowance Recorded, Average Recorded Investment | 9,122 | 10,744 |
Loans With No Related Allowance Recorded, Interest Income Recognized | 81 | 386 |
Loans with an allowance recorded: | ' | ' |
Loans With Related Allowance Recorded, Recorded Investment | 7,994 | 14,061 |
Loans With Related Allowance Recorded, Unpaid Principal Balance | 12,725 | 16,545 |
Loans With Related Allowance Recorded, Related Allowance | 2,260 | 1,669 |
Loans With Related Allowance Recorded, Average Recorded Investment | 12,414 | 14,514 |
Loans With Related Allowance Recorded, Interest Income Recognized | 54 | 242 |
Total: | ' | ' |
Impaired Loans, Recorded Investment | 16,251 | 24,775 |
Impaired Loans, Unpaid Principal Balance | 26,361 | 32,075 |
Impaired Loans, Related Allowance | 2,260 | 1,669 |
Impaired Loans, Average Recorded Investment | 21,536 | 25,258 |
Impaired Loans, Interest Income Recognized | 135 | 628 |
Commercial Real Estate Other [Member] | ' | ' |
Loans with no related allowance recorded: | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | 52 | 640 |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | 52 | 640 |
Loans With No Related Allowance Recorded, Related Allowance | 0 | 0 |
Loans With No Related Allowance Recorded, Average Recorded Investment | 350 | 2,669 |
Loans With No Related Allowance Recorded, Interest Income Recognized | 55 | 22 |
Loans with an allowance recorded: | ' | ' |
Loans With Related Allowance Recorded, Recorded Investment | 888 | 2,780 |
Loans With Related Allowance Recorded, Unpaid Principal Balance | 888 | 3,133 |
Loans With Related Allowance Recorded, Related Allowance | 143 | 921 |
Loans With Related Allowance Recorded, Average Recorded Investment | 1,977 | 3,973 |
Loans With Related Allowance Recorded, Interest Income Recognized | 202 | 10 |
Total: | ' | ' |
Impaired Loans, Recorded Investment | 940 | 3,420 |
Impaired Loans, Unpaid Principal Balance | 940 | 3,773 |
Impaired Loans, Related Allowance | 143 | 921 |
Impaired Loans, Average Recorded Investment | 2,327 | 6,642 |
Impaired Loans, Interest Income Recognized | 257 | 32 |
Consumer [Member] | ' | ' |
Loans with no related allowance recorded: | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | 487 | 393 |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | 491 | 400 |
Loans With No Related Allowance Recorded, Related Allowance | 0 | 0 |
Loans With No Related Allowance Recorded, Average Recorded Investment | 350 | 390 |
Loans With No Related Allowance Recorded, Interest Income Recognized | 12 | 26 |
Loans with an allowance recorded: | ' | ' |
Loans With Related Allowance Recorded, Recorded Investment | 429 | 1,430 |
Loans With Related Allowance Recorded, Unpaid Principal Balance | 429 | 1,430 |
Loans With Related Allowance Recorded, Related Allowance | 382 | 537 |
Loans With Related Allowance Recorded, Average Recorded Investment | 1,057 | 1,301 |
Loans With Related Allowance Recorded, Interest Income Recognized | 14 | 85 |
Total: | ' | ' |
Impaired Loans, Recorded Investment | 916 | 1,823 |
Impaired Loans, Unpaid Principal Balance | 920 | 1,830 |
Impaired Loans, Related Allowance | 382 | 537 |
Impaired Loans, Average Recorded Investment | 1,407 | 1,691 |
Impaired Loans, Interest Income Recognized | 26 | 111 |
Construction Industry [Member] | ' | ' |
Loans with no related allowance recorded: | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | 93 | ' |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | 296 | ' |
Loans With No Related Allowance Recorded, Related Allowance | 0 | ' |
Loans With No Related Allowance Recorded, Average Recorded Investment | 91 | ' |
Loans With No Related Allowance Recorded, Interest Income Recognized | 2 | ' |
Loans with an allowance recorded: | ' | ' |
Loans With Related Allowance Recorded, Recorded Investment | 0 | ' |
Loans With Related Allowance Recorded, Unpaid Principal Balance | 0 | ' |
Loans With Related Allowance Recorded, Related Allowance | 0 | ' |
Loans With Related Allowance Recorded, Average Recorded Investment | 29 | ' |
Loans With Related Allowance Recorded, Interest Income Recognized | 0 | ' |
Total: | ' | ' |
Impaired Loans, Recorded Investment | 93 | ' |
Impaired Loans, Unpaid Principal Balance | 296 | ' |
Impaired Loans, Related Allowance | 0 | ' |
Impaired Loans, Average Recorded Investment | 120 | ' |
Impaired Loans, Interest Income Recognized | 2 | ' |
Commercial Business Other [Member] | ' | ' |
Loans with no related allowance recorded: | ' | ' |
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 No Related Allowance Recorded, Average Recorded Investment | 7 | 1,252 |
Loans With No Related Allowance Recorded, Interest Income Recognized | 0 | 0 |
Loans with an allowance recorded: | ' | ' |
Loans With Related Allowance Recorded, Recorded Investment | 1,188 | 2,185 |
Loans With Related Allowance Recorded, Unpaid Principal Balance | 1,984 | 2,936 |
Loans With Related Allowance Recorded, Related Allowance | 589 | 1,053 |
Loans With Related Allowance Recorded, Average Recorded Investment | 1,647 | 3,515 |
Loans With Related Allowance Recorded, Interest Income Recognized | 36 | 48 |
Total: | ' | ' |
Impaired Loans, Recorded Investment | 1,188 | 2,219 |
Impaired Loans, Unpaid Principal Balance | 1,984 | 3,470 |
Impaired Loans, Related Allowance | 589 | 1,053 |
Impaired Loans, Average Recorded Investment | 1,654 | 4,767 |
Impaired Loans, Interest Income Recognized | 36 | 48 |
Construction Development [Member] | ' | ' |
Loans with no related allowance recorded: | ' | ' |
Loans With No Related Allowance Recorded, Recorded Investment | ' | 102 |
Loans With No Related Allowance Recorded, Unpaid Principal Balance | ' | 1,038 |
Loans With No Related Allowance Recorded, Related Allowance | ' | 0 |
Loans With No Related Allowance Recorded, Average Recorded Investment | ' | 235 |
Loans With No Related Allowance Recorded, Interest Income Recognized | ' | 0 |
Loans with an allowance recorded: | ' | ' |
Loans With Related Allowance Recorded, Recorded Investment | ' | 74 |
Loans With Related Allowance Recorded, Unpaid Principal Balance | ' | 74 |
Loans With Related Allowance Recorded, Related Allowance | ' | 62 |
Loans With Related Allowance Recorded, Average Recorded Investment | ' | 146 |
Loans With Related Allowance Recorded, Interest Income Recognized | ' | 0 |
Total: | ' | ' |
Impaired Loans, Recorded Investment | ' | 176 |
Impaired Loans, Unpaid Principal Balance | ' | 1,112 |
Impaired Loans, Related Allowance | ' | 62 |
Impaired Loans, Average Recorded Investment | ' | 381 |
Impaired Loans, Interest Income Recognized | ' | $0 |
Note_5_Allowance_for_Loan_Loss7
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Non-accruing loans | $17,496 | $29,975 | $34,000 |
Troubled Debt Restructurings | 19,229 | 33,055 | 29,200 |
1-4 Family [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Non-accruing loans | 1,602 | 2,492 | ' |
Residential Developments [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Non-accruing loans | 14,146 | 23,652 | ' |
Commercial Real Estate Other [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Non-accruing loans | 403 | 1,891 | ' |
Consumer [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Non-accruing loans | 737 | 300 | ' |
Construction Industry [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Non-accruing loans | 93 | 176 | ' |
Commercial Business Other [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Non-accruing loans | 515 | 1,464 | ' |
1-4 Family [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Troubled Debt Restructurings | 909 | 3,600 | ' |
Residential Developments [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Troubled Debt Restructurings | 15,750 | 22,843 | ' |
Commercial Real Estate Other [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Troubled Debt Restructurings | 709 | 3,032 | ' |
Consumer [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Troubled Debt Restructurings | 713 | 1,814 | ' |
Construction Development [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Troubled Debt Restructurings | 115 | 88 | ' |
Commercial Business Other [Member] | ' | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' | ' |
Troubled Debt Restructurings | $1,033 | $1,678 | ' |
Note_5_Allowance_for_Loan_Loss8
Note 5 - 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 $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Note 5 - 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 | 32 | 85 |
Pre-modification Outstanding Recorded Investment | $1,727 | $25,678 |
Post-modification Outstanding Recorded Investment | 1,355 | 21,665 |
1-4 Family [Member] | ' | ' |
Note 5 - 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 | 2 | 33 |
Pre-modification Outstanding Recorded Investment | 210 | 3,991 |
Post-modification Outstanding Recorded Investment | 219 | 3,979 |
Residential Developments [Member] | ' | ' |
Note 5 - 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 | 11 |
Pre-modification Outstanding Recorded Investment | 0 | 16,280 |
Post-modification Outstanding Recorded Investment | 0 | 12,585 |
Commercial Real Estate Other [Member] | ' | ' |
Note 5 - 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 | 6 |
Pre-modification Outstanding Recorded Investment | 754 | 2,814 |
Post-modification Outstanding Recorded Investment | 329 | 2,586 |
Consumer [Member] | ' | ' |
Note 5 - 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 | 21 | 28 |
Pre-modification Outstanding Recorded Investment | 528 | 1,715 |
Post-modification Outstanding Recorded Investment | 548 | 1,729 |
Construction Industry [Member] | ' | ' |
Note 5 - 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 | 1 | 2 |
Pre-modification Outstanding Recorded Investment | 41 | 172 |
Post-modification Outstanding Recorded Investment | 41 | 80 |
Commercial Business Other [Member] | ' | ' |
Note 5 - 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 | 5 | 5 |
Pre-modification Outstanding Recorded Investment | 194 | 706 |
Post-modification Outstanding Recorded Investment | $218 | $706 |
Note_5_Allowance_for_Loan_Loss9
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the Past 12 Months (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the Past 12 Months [Line Items] | ' | ' |
Number of Contracts | 0 | 5 |
Outstanding Recorded Investment (in Dollars) | $0 | $460 |
1-4 Family [Member] | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the Past 12 Months [Line Items] | ' | ' |
Number of Contracts | 0 | 0 |
Outstanding Recorded Investment (in Dollars) | 0 | 0 |
Residential Developments [Member] | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the Past 12 Months [Line Items] | ' | ' |
Number of Contracts | 0 | 0 |
Outstanding Recorded Investment (in Dollars) | 0 | 0 |
Commercial Real Estate Other [Member] | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the Past 12 Months [Line Items] | ' | ' |
Number of Contracts | 0 | 2 |
Outstanding Recorded Investment (in Dollars) | 0 | 159 |
Consumer [Member] | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the Past 12 Months [Line Items] | ' | ' |
Number of Contracts | 0 | 0 |
Outstanding Recorded Investment (in Dollars) | 0 | 0 |
Construction Industry [Member] | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the Past 12 Months [Line Items] | ' | ' |
Number of Contracts | 0 | 1 |
Outstanding Recorded Investment (in Dollars) | 0 | 74 |
Commercial Business Other [Member] | ' | ' |
Note 5 - Allowance for Loan Losses and Credit Quality Information (Details) - Loans That Were Restructured and Defaulted Within the Past 12 Months [Line Items] | ' | ' |
Number of Contracts | 0 | 2 |
Outstanding Recorded Investment (in Dollars) | $0 | $227 |
Note_6_Accrued_Interest_Receiv2
Note 6 - Accrued Interest Receivable (Details) - Accrued Interest Receivable (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 6 - Accrued Interest Receivable (Details) - Accrued Interest Receivable [Line Items] | ' | ' |
Accrued Interest Receivable | $1,953 | $2,018 |
Securities Available for Sale [Member] | ' | ' |
Note 6 - Accrued Interest Receivable (Details) - Accrued Interest Receivable [Line Items] | ' | ' |
Accrued Interest Receivable | 338 | 332 |
Loans Receivable [Member] | ' | ' |
Note 6 - Accrued Interest Receivable (Details) - Accrued Interest Receivable [Line Items] | ' | ' |
Accrued Interest Receivable | $1,615 | $1,686 |
Note_7_Mortgage_Servicing_Righ2
Note 7 - Mortgage Servicing Rights, Net (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Transfers and Servicing [Abstract] | ' | ' | ' |
Amortization of Mortgage Servicing Rights (MSRs) | $592 | $732 | $561 |
Note_7_Mortgage_Servicing_Righ3
Note 7 - Mortgage Servicing Rights, Net (Details) - Mortgage Servicing Activity (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Mortgage servicing rights: | ' | ' |
Balance, beginning of year | $1,732 | $1,485 |
Originations | 568 | 979 |
Amortization | -592 | -732 |
Balance, end of year | 1,708 | 1,732 |
Valuation reserve | 0 | 0 |
Mortgage servicing rights, net | 1,708 | 1,732 |
Fair value of mortgage servicing rights | $2,801 | $2,126 |
Note_7_Mortgage_Servicing_Righ4
Note 7 - Mortgage Servicing Rights, Net (Details) - Risk Characteristics of Loans Being Serviced (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Original Term Thirty Year Fixed Rate [Member] | ' |
Note 7 - Mortgage Servicing Rights, Net (Details) - Risk Characteristics of Loans Being Serviced [Line Items] | ' |
Loan Principal Balance (in Dollars) | $203,957 |
Weighted Average Interest Rate | 4.36% |
Weighted Average Remaining Term | '302 months |
Number of Loans | 1,746 |
Original Term Fifteen Year Fixed Rate [Member] | ' |
Note 7 - Mortgage Servicing Rights, Net (Details) - Risk Characteristics of Loans Being Serviced [Line Items] | ' |
Loan Principal Balance (in Dollars) | 120,461 |
Weighted Average Interest Rate | 3.42% |
Weighted Average Remaining Term | '145 months |
Number of Loans | 1,347 |
Adjustable Rate [Member] | ' |
Note 7 - Mortgage Servicing Rights, Net (Details) - Risk Characteristics of Loans Being Serviced [Line Items] | ' |
Loan Principal Balance (in Dollars) | $202 |
Weighted Average Interest Rate | 3.86% |
Weighted Average Remaining Term | '321 months |
Number of Loans | 5 |
Note_7_Mortgage_Servicing_Righ5
Note 7 - Mortgage Servicing Rights, Net (Details) - Mortgage Servicing Rights and Accumulated Amortization (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | $3,638 | $2,412 |
Accumulated Amortization | -1,930 | -680 |
Unamortized Mortgage Servicing Rights | 1,708 | 1,732 |
Mortgage Servicing Rights [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 3,638 | 2,412 |
Accumulated Amortization | -1,930 | -680 |
Unamortized Mortgage Servicing Rights | $1,708 | $1,732 |
Note_7_Mortgage_Servicing_Righ6
Note 7 - Mortgage Servicing Rights, Net (Details) - Estimated Future Amortization Expense for Mortgage Servicing Right (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Estimated Future Amortization Expense for Mortgage Servicing Right [Abstract] | ' | ' |
2014 | $420 | ' |
2015 | 401 | ' |
2016 | 354 | ' |
2017 | 262 | ' |
2018 | 158 | ' |
Thereafter | 113 | ' |
$1,708 | $1,732 |
Note_8_Real_Estate_Details_Rea
Note 8 - Real Estate (Details) - Real Estate Owned (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Real Estate Properties [Line Items] | ' | ' |
Real estate in judgment subject to redemption | $0 | $1,556 |
Real estate acquired through foreclosure | 7,520 | 7,961 |
Real estate acquired through deed in lieu of foreclosure | 1,759 | 5,156 |
Real estate acquired in satisfaction of debt | 63 | 79 |
9,342 | 14,752 | |
Allowance for losses | -2,444 | -4,157 |
6,898 | 10,595 | |
Residential [Member] | ' | ' |
Real Estate Properties [Line Items] | ' | ' |
Real estate in judgment subject to redemption | 0 | 501 |
Real estate acquired through foreclosure | 0 | 1,421 |
Real estate acquired through deed in lieu of foreclosure | 0 | 47 |
Real estate acquired in satisfaction of debt | 0 | 0 |
0 | 1,969 | |
Allowance for losses | 0 | -374 |
0 | 1,595 | |
Commercial and Other [Member] | ' | ' |
Real Estate Properties [Line Items] | ' | ' |
Real estate in judgment subject to redemption | 0 | 1,055 |
Real estate acquired through foreclosure | 7,520 | 6,540 |
Real estate acquired through deed in lieu of foreclosure | 1,759 | 5,109 |
Real estate acquired in satisfaction of debt | 63 | 79 |
9,342 | 12,783 | |
Allowance for losses | -2,444 | -3,783 |
$6,898 | $9,000 |
Note_9_Premises_and_Equipment_1
Note 9 - Premises and Equipment (Details) - Premises and Equipment (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property Plant and Equipment | $21,818 | $23,425 |
Accumulated depreciation | -15,107 | -16,252 |
6,711 | 7,173 | |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property Plant and Equipment | 1,978 | 1,978 |
Building and Building Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property Plant and Equipment | 8,490 | 8,725 |
Furniture and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property Plant and Equipment | $11,350 | $12,722 |
Note_10_Deposits_Details
Note 10 - Deposits (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Note 10 - Deposits (Details) [Line Items] | ' | ' |
Time Deposits, $100,000 or More | $294.30 | $225.70 |
Certificates of Deposit, at Carrying Value | 7.6 | 15.9 |
Available-for-sale Securities Pledged as Collateral | 18.9 | ' |
Federal Home Loan Bank [Member] | ' | ' |
Note 10 - Deposits (Details) [Line Items] | ' | ' |
Loans Pledged as Collateral | $1 | ' |
Note_10_Deposits_Details_Depos
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates [Line Items] | ' | ' |
Noninterest checking | 0.00% | 0.00% |
Noninterest checking (in Dollars) | $169,362 | $101,198 |
Noninterest checking | 30.60% | 19.60% |
NOW accounts | 0.03% | 0.02% |
NOW accounts (in Dollars) | 70,407 | 71,472 |
NOW accounts | 12.70% | 13.90% |
Savings accounts | 0.07% | 0.12% |
Savings accounts (in Dollars) | 44,823 | 42,691 |
Savings accounts | 8.10% | 8.30% |
Money market accounts | 0.28% | 0.33% |
Money market accounts (in Dollars) | 139,818 | 111,000 |
Money market accounts | 25.20% | 21.60% |
(in Dollars) | 424,410 | 326,361 |
76.60% | 63.40% | |
Certificates, weighted average rate | 0.80% | 1.08% |
Certificates, amount (in Dollars) | 129,520 | 188,590 |
Certificates, percent of total | 23.40% | 36.60% |
Total deposits | 0.26% | 0.48% |
Total deposits (in Dollars) | 553,930 | 514,951 |
Total deposits | 100.00% | 100.00% |
Range1Member | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates [Line Items] | ' | ' |
Certificates, amount (in Dollars) | 85,705 | 90,103 |
Certificates, percent of total | 15.50% | 17.50% |
Range 2 [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates [Line Items] | ' | ' |
Certificates, amount (in Dollars) | 38,456 | 81,143 |
Certificates, percent of total | 6.90% | 15.80% |
Range 3 [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates [Line Items] | ' | ' |
Certificates, amount (in Dollars) | 4,798 | 15,063 |
Certificates, percent of total | 0.90% | 2.90% |
Range 4 [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates [Line Items] | ' | ' |
Certificates, amount (in Dollars) | 561 | 2,263 |
Certificates, percent of total | 0.10% | 0.40% |
Range 5 [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates [Line Items] | ' | ' |
Certificates, amount (in Dollars) | $0 | $18 |
Certificates, percent of total | 0.00% | 0.00% |
Note_10_Deposits_Details_Depos1
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (Parentheticals) | Dec. 31, 2013 | Dec. 31, 2012 |
Range1Member | Minimum [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (Parentheticals) [Line Items] | ' | ' |
Certificate Interest Rate | 0.00% | 0.00% |
Range1Member | Maximum [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (Parentheticals) [Line Items] | ' | ' |
Certificate Interest Rate | 0.99% | 0.99% |
Range 2 [Member] | Minimum [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (Parentheticals) [Line Items] | ' | ' |
Certificate Interest Rate | 1.00% | 1.00% |
Range 2 [Member] | Maximum [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (Parentheticals) [Line Items] | ' | ' |
Certificate Interest Rate | 1.99% | 1.99% |
Range 3 [Member] | Minimum [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (Parentheticals) [Line Items] | ' | ' |
Certificate Interest Rate | 2.00% | 2.00% |
Range 3 [Member] | Maximum [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (Parentheticals) [Line Items] | ' | ' |
Certificate Interest Rate | 2.99% | 2.99% |
Range 4 [Member] | Minimum [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (Parentheticals) [Line Items] | ' | ' |
Certificate Interest Rate | 3.00% | 3.00% |
Range 4 [Member] | Maximum [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (Parentheticals) [Line Items] | ' | ' |
Certificate Interest Rate | 3.99% | 3.99% |
Range 5 [Member] | Minimum [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (Parentheticals) [Line Items] | ' | ' |
Certificate Interest Rate | 4.00% | 4.00% |
Range 5 [Member] | Maximum [Member] | ' | ' |
Note 10 - Deposits (Details) - Deposits and Weighted Average Interest Rates (Parentheticals) [Line Items] | ' | ' |
Certificate Interest Rate | 4.99% | 4.99% |
Note_10_Deposits_Details_Certi
Note 10 - Deposits (Details) - Certificate Maturities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 10 - Deposits (Details) - Certificate Maturities [Line Items] | ' | ' |
Amount, total certificates (in Dollars) | $129,520 | $188,590 |
Weighted average rate, total certificates | 0.80% | 1.08% |
1-6 Months [Member] | ' | ' |
Note 10 - Deposits (Details) - Certificate Maturities [Line Items] | ' | ' |
Amount, total certificates (in Dollars) | 43,618 | 73,451 |
Weighted average rate, total certificates | 0.84% | 1.10% |
7-12 Months [Member] | ' | ' |
Note 10 - Deposits (Details) - Certificate Maturities [Line Items] | ' | ' |
Amount, total certificates (in Dollars) | 43,462 | 48,782 |
Weighted average rate, total certificates | 0.64% | 0.88% |
13-36 Months [Member] | ' | ' |
Note 10 - Deposits (Details) - Certificate Maturities [Line Items] | ' | ' |
Amount, total certificates (in Dollars) | 35,542 | 60,498 |
Weighted average rate, total certificates | 0.86% | 1.16% |
Over 36 Months [Member] | ' | ' |
Note 10 - Deposits (Details) - Certificate Maturities [Line Items] | ' | ' |
Amount, total certificates (in Dollars) | $6,898 | $5,859 |
Weighted average rate, total certificates | 1.14% | 1.55% |
Note_10_Deposits_Details_Inter
Note 10 - Deposits (Details) - Interest Expense on Deposits (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest Expense on Deposits [Abstract] | ' | ' | ' |
NOW accounts | $15 | $35 | $57 |
Savings accounts | 34 | 67 | 57 |
Money market accounts | 372 | 447 | 746 |
Certificates | 1,383 | 3,192 | 5,987 |
$1,804 | $3,741 | $6,847 |
Note_11_Federal_Home_Loan_Bank2
Note 11 - Federal Home Loan Bank Advances and Federal Reserve Borrowings (Details) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Federal Home Loan Bank Advances And Federal Reserve Borrowings [Abstract] | ' |
Advances from Federal Home Loan Banks | $0 |
Pledged Assets, Not Separately Reported, Other | 104.4 |
Additional Advances From Federal Home Loan Banks | 103.5 |
Loans from Other Federal Home Loan Banks | $59.10 |
Note_11_Federal_Home_Loan_Bank3
Note 11 - Federal Home Loan Bank Advances and Federal Reserve Borrowings (Details) - Fixed and Variable Rate Federal Home Loan Bank Advances and Federal Reserve Borrowings (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fixed and Variable Rate Federal Home Loan Bank Advances and Federal Reserve Borrowings [Abstract] | ' | ' |
2013 (in Dollars) | $0 | $70,000 |
2013 | 0.00% | 4.77% |
Lines of Credit – Federal Reserve/Federal Home Loan Bank (in Dollars) | 0 | 0 |
Lines of Credit – Federal Reserve/Federal Home Loan Bank | 0.00% | 0.00% |
(in Dollars) | $0 | $70,000 |
0.00% | 4.77% |
Note_12_Income_Taxes_Details
Note 12 - Income Taxes (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Note 12 - Income Taxes (Details) [Line Items] | ' |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% |
Income Amount In Retained Earnings Represent Without Income Tax Provision | $8.80 |
Federal [Member] | ' |
Note 12 - Income Taxes (Details) [Line Items] | ' |
Operating Loss Carryforwards | 16.2 |
State and Local Jurisdiction [Member] | ' |
Note 12 - Income Taxes (Details) [Line Items] | ' |
Operating Loss Carryforwards | $31.80 |
Note_12_Income_Taxes_Details_I
Note 12 - Income Taxes (Details) - Income Tax Expense (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Expense [Abstract] | ' | ' | ' |
Federal | $227 | $108 | $0 |
State | 64 | 24 | 0 |
Total current | 291 | 132 | 0 |
Federal | 3,554 | 1,598 | -4,010 |
State | 1,351 | 280 | -873 |
Total deferred | 4,905 | 1,878 | -4,883 |
Change in valuation allowance | -19,602 | -1,878 | 4,883 |
Income tax (benefit) expense | ($14,406) | $132 | $0 |
Note_12_Income_Taxes_Details_I1
Note 12 - Income Taxes (Details) - Income Tax Reconciliation (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Reconciliation [Abstract] | ' | ' | ' |
Expected federal income tax (benefit) expense | $4,170 | $1,854 | ($3,929) |
Items affecting federal income tax: | ' | ' | ' |
State income taxes, net of federal income tax expense (benefit) | 706 | 327 | -645 |
Tax exempt interest | -69 | -86 | -123 |
(Decrease) increase in valuation allowance | -19,602 | -1,878 | 4,883 |
Other, net | 389 | -85 | -186 |
Income tax (benefit) expense | ($14,406) | $132 | $0 |
Note_12_Income_Taxes_Details_D
Note 12 - Income Taxes (Details) - Deferred Tax Assets and Deferred Tax Liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Allowances for loan and real estate losses | $5,486 | $10,523 |
Deferred compensation costs | 233 | 315 |
Deferred ESOP loan asset | 706 | 717 |
Nonaccruing loan interest | 558 | 800 |
Federal net operating loss carry forward | 3,983 | 5,113 |
State net operating loss carry forward | 2,802 | 3,219 |
Alternative minimum tax credit carryforward | 700 | 0 |
Capitalized other real estate owned expenses | 1,284 | 194 |
Net unrealized loss on securities available for sale | 291 | 0 |
Other | 340 | 265 |
Total gross deferred tax assets | 16,383 | 21,146 |
Deferred tax liabilities: | ' | ' |
Net unrealized gain on securities available for sale | 0 | 123 |
Deferred loan fees and costs | 284 | 312 |
Premises and equipment basis difference | 132 | 155 |
Originated mortgage servicing rights | 677 | 707 |
Other | 179 | 247 |
Total gross deferred tax liabilities | 1,272 | 1,544 |
Net deferred tax assets | 15,111 | 19,602 |
Valuation allowance | 0 | -19,602 |
Deferred tax assets, net of valuation allowance | $15,111 | $0 |
Note_13_Employee_Benefits_Deta
Note 13 - Employee Benefits (Details) (USD $) | 12 Months Ended | 18 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Jun. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | |
Pentegra DB Plan [Member] | Pentegra DB Plan [Member] | Pentegra DB Plan [Member] | Pentegra DB Plan [Member] | Pentegra DB Plan [Member] | Pentegra DB Plan [Member] | Pentegra DB Plan [Member] | 2001 Plan [Member] | 2001 Plan [Member] | 2001 Plan [Member] | 2001 Plan [Member] | 2009 Plan [Member] | 2009 Plan [Member] | 2009 Plan [Member] | 2009 Plan [Member] | 2009 Plan [Member] | ||||
Note 13 - Employee Benefits (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Contributions by Employer | $257,000 | $406,000 | $57,000 | ' | $196,473,000 | ' | $299,729,000 | ' | $203,582,000 | $257,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Funded Percentage | ' | ' | ' | ' | 89.51% | ' | 95.77% | ' | 80.39% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan, Amounts Recognized in Balance Sheet | ' | ' | 234,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum Age Required To Be Eligible To Participate In Employee Stock Option Option Plan | '18 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Contribution Plan Employer Contribution Percent Of Annual Salary Of Employee | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount | 17,500 | ' | ' | ' | ' | 17,000 | ' | 16,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum Contribution Percent By Participant | ' | ' | ' | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Contribution Plan, Cost Recognized | 160,000 | 158,000 | 159,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan Esop Debt Structure Direct Original Loan Amount | 6,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan ESOP Shares Purchased (in Shares) | 912,866 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan ESOP Debt Structure Indirect Original Loan Amount | 1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan ESOP Additional Shares Purchased (in Shares) | 76,933 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan ESOP Interest Rate On Loan | 7.52% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan (ESOP), Cash Contributions to ESOP | 525,000 | 527,000 | 525,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan (ESOP), Compensation Expense | $172,000 | $68,000 | $58,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum Duration Of Working Hours Required To Be Eligible To Participate In Employee Stock Option Option Plan | 1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45,540 | ' | ' | ' | ' | ' | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Expiration Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' | ' | '10 years | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in Dollars per share) | $22.40 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $28.21 | $28.21 | $20.07 | $20.07 | $4.77 | $4.77 | $4.77 | $4.77 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | 121,053 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 121,053 | 121,965 | 70,821 | 163,883 | 350,000 |
Share Available For Grant Ratio For Restricted Stock (in Dollars per Share) | $1.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,000 | ' | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Options Unvested And Expected To Remain Unexercised (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,000 | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $4.77 | ' | ' | ' | ' |
Note_13_Employee_Benefits_Deta1
Note 13 - Employee Benefits (Details) - Contributions Paid by the Bank (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Note 13 - Employee Benefits (Details) - Contributions Paid by the Bank [Line Items] | ' | ' | ' | |
Defined benefit plan contributions paid by employer | $257,000 | $406,000 | $57,000 | |
Date 1 [Member] | ' | ' | ' | |
Note 13 - Employee Benefits (Details) - Contributions Paid by the Bank [Line Items] | ' | ' | ' | |
Defined benefit plan contributions paid by employer | 42,000 | [1] | 234,000 | ' |
Defined benefit plan contributions paid date | ' | 9-Jan-12 | ' | |
Date 2 [Member] | ' | ' | ' | |
Note 13 - Employee Benefits (Details) - Contributions Paid by the Bank [Line Items] | ' | ' | ' | |
Defined benefit plan contributions paid by employer | 215,000 | 38,000 | ' | |
Defined benefit plan contributions paid date | ' | 12-Oct-12 | ' | |
Date 3 [Member] | ' | ' | ' | |
Note 13 - Employee Benefits (Details) - Contributions Paid by the Bank [Line Items] | ' | ' | ' | |
Defined benefit plan contributions paid by employer | ' | $134,000 | $57,000 | |
Defined benefit plan contributions paid date | ' | 31-Dec-12 | 14-Oct-11 | |
[1] | An additional contribution of $234,000 was accrued at December 31, 2011 and paid in the first quarter of 2012. |
Note_13_Employee_Benefits_Deta2
Note 13 - Employee Benefits (Details) - ESOP Share Allocation (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
ESOP Share Allocation [Abstract] | ' | ' | ' |
Shares allocated to participants beginning of the year | 350,539 | 339,991 | 335,453 |
Shares allocated to participants | 24,317 | 24,378 | 24,317 |
Shares purchased | 9 | 2,353 | 42 |
Shares distributed to participants | -26,978 | -16,183 | -19,821 |
Shares allocated to participants end of year | 347,887 | 350,539 | 339,991 |
Unreleased shares beginning of the year | 377,074 | 401,452 | 425,769 |
Shares released during year | -24,317 | -24,378 | -24,317 |
Unreleased shares end of year | 352,757 | 377,074 | 401,452 |
Total ESOP shares end of year | 700,644 | 727,613 | 741,443 |
Fair value of unreleased shares at December 31 (in Dollars) | $3,728,641 | $1,308,447 | $778,817 |
Note_13_Employee_Benefits_Deta3
Note 13 - Employee Benefits (Details) - Activities Under all Plans (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2009 | |
Note 13 - Employee Benefits (Details) - Activities Under all Plans [Line Items] | ' | ' | ' | ' |
Unvested Options | 3,000 | ' | ' | ' |
Total all plans | 121,053 | ' | ' | ' |
Total all plans | 3,000 | ' | ' | ' |
Total all plans (in Dollars per share) | $22.40 | ' | ' | ' |
Total all plans (in Dollars per share) | $4.41 | ' | ' | ' |
Shares Available for Grant | 121,053 | ' | ' | ' |
Restricted Shares Outstanding | 3,000 | ' | ' | ' |
Award Value/ Weighted Average Exercise Price (in Dollars per share) | $22.40 | ' | ' | ' |
Restricted Stock [Member] | 2001 Plan [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefits (Details) - Activities Under all Plans [Line Items] | ' | ' | ' | ' |
Restricted Shares Outstanding | ' | 0 | ' | 5,441 |
Unvested Options | 0 | 0 | 0 | 5,441 |
Shares Available Grant Forfeited/expired | ' | 0 | ' | ' |
Restricted Shares Forfeited/expired | ' | 0 | ' | ' |
Restricted Shares Vested | ' | 0 | -5,441 | ' |
Unvested Options Vested | ' | 0 | -5,441 | ' |
Total all plans | 0 | 0 | 0 | 5,441 |
Restricted Shares Outstanding | 0 | 0 | 0 | 5,441 |
Restricted Stock [Member] | 2009 Plan [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefits (Details) - Activities Under all Plans [Line Items] | ' | ' | ' | ' |
Restricted Shares Outstanding | 148,333 | 162,770 | 134,043 | ' |
Unvested Options | 101,806 | 148,333 | 162,770 | ' |
Restricted Shares Granted | 31,276 | 36,030 | 78,000 | ' |
Unvested Options Granted | 31,276 | 36,030 | 78,000 | ' |
Restricted Shares Forfeited | -4,500 | -392 | ' | ' |
Unvested Options Forfeited | -4,500 | -392 | ' | ' |
Shares Available Grant Forfeited/expired | ' | 0 | -448 | ' |
Restricted Shares Forfeited/expired | ' | 0 | -448 | ' |
Restricted Shares Vested | -73,303 | -50,075 | -48,825 | ' |
Unvested Options Vested | -73,303 | -50,075 | -48,825 | ' |
Total all plans | 101,806 | 148,333 | 162,770 | ' |
Restricted Shares Outstanding | 101,806 | 148,333 | 162,770 | ' |
Restricted Stock [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefits (Details) - Activities Under all Plans [Line Items] | ' | ' | ' | ' |
Unvested Options | 101,806 | ' | ' | ' |
Total all plans | 101,806 | ' | ' | ' |
Restricted Shares Outstanding | 101,806 | ' | ' | ' |
Employee Stock Option [Member] | 2001 Plan [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefits (Details) - Activities Under all Plans [Line Items] | ' | ' | ' | ' |
Options Outstanding | ' | 139,450 | ' | 139,450 |
Options Forfeited/expired | ' | -93,910 | ' | ' |
Options Vested | ' | 0 | 0 | ' |
Total all plans | 45,540 | 45,540 | 139,450 | 139,450 |
Options Outstanding | 45,540 | 45,540 | 139,450 | 139,450 |
Employee Stock Option [Member] | 2009 Plan [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefits (Details) - Activities Under all Plans [Line Items] | ' | ' | ' | ' |
Options Outstanding | 15,000 | 15,000 | 15,000 | ' |
Options Granted | 0 | 0 | 0 | ' |
Options Forfeited | 0 | 0 | ' | ' |
Cancelled | 0 | ' | ' | ' |
Options Forfeited/expired | ' | 0 | 0 | ' |
Options Vested | 0 | 0 | 0 | ' |
Total all plans | 15,000 | 15,000 | 15,000 | ' |
Options Outstanding | 15,000 | 15,000 | 15,000 | ' |
Employee Stock Option [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefits (Details) - Activities Under all Plans [Line Items] | ' | ' | ' | ' |
Total all plans | 60,540 | ' | ' | ' |
Options Outstanding | 60,540 | ' | ' | ' |
2001 Plan [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefits (Details) - Activities Under all Plans [Line Items] | ' | ' | ' | ' |
Shares Available for Grant | ' | 0 | ' | 0 |
Restricted Shares Outstanding | ' | 72,516 | 93,808 | ' |
Award Value/ Weighted Average Exercise Price (in Dollars per share) | ' | $20.07 | ' | 20.07 |
Unvested Options | 0 | 0 | 72,516 | ' |
Weighted Average Grant Date Fair Value (in Dollars per share) | ' | $1.43 | ' | 1.43 |
Shares Available Grant Forfeited/expired | ' | 0 | ' | ' |
Restricted Shares Forfeited/expired | ' | 0 | ' | ' |
Award Value/Weighted Average Exercise Price Forfeited/expired (in Dollars per share) | ' | $16.13 | ' | ' |
Unvested Options Forfeited/expired | ' | 0 | ' | ' |
Unvested Options Forfeited/expired Weighted Average Grant Date Fair Value (in Dollars per share) | ' | $0 | ' | ' |
Shares Available Grant Vested | ' | 0 | 0 | ' |
Restricted Shares Vested | ' | -72,516 | -21,292 | ' |
Award Value/Weighted Average Exercise Price Vested (in Dollars per share) | ' | $0 | $0 | ' |
Unvested Options Vested | ' | -72,516 | -21,292 | ' |
Unvested Options Vested Weighted Average Grant Date Fair Value (in Dollars per share) | ' | $1.43 | $1.43 | ' |
Total all plans | 0 | 0 | 0 | 0 |
Total all plans | 0 | 0 | 72,516 | ' |
Total all plans | 45,540 | ' | ' | ' |
Total all plans (in Dollars per share) | $28.21 | $28.21 | $20.07 | 20.07 |
Shares Available for Grant | 0 | 0 | 0 | 0 |
Restricted Shares Outstanding | 0 | 0 | 72,516 | ' |
Options Outstanding | 45,540 | ' | ' | ' |
Award Value/ Weighted Average Exercise Price (in Dollars per share) | $28.21 | $28.21 | $20.07 | 20.07 |
Weighted Average Grant Date Fair Value (in Dollars per share) | $0 | $0 | $1.43 | 1.43 |
2009 Plan [Member] | ' | ' | ' | ' |
Note 13 - Employee Benefits (Details) - Activities Under all Plans [Line Items] | ' | ' | ' | ' |
Shares Available for Grant | 121,965 | 70,821 | 163,883 | 350,000 |
Restricted Shares Outstanding | 6,000 | 9,000 | 12,000 | ' |
Award Value/ Weighted Average Exercise Price (in Dollars per share) | $4.77 | $4.77 | $4.77 | ' |
Unvested Options | 3,000 | 6,000 | 9,000 | ' |
Weighted Average Grant Date Fair Value (in Dollars per share) | $4.41 | $4.41 | $4.41 | ' |
Shares Available Grant Granted | -37,531 | -43,236 | -93,600 | ' |
Restricted Shares Granted | ' | 0 | 0 | ' |
Unvested Options Granted | ' | 0 | 0 | ' |
Unvested Options Granted Weighted Average Grant Date Fair Value (in Dollars per share) | ' | $0 | $0 | ' |
Options Granted Vesting Period | '3 years | '3 years | '3 years | ' |
Shares Available Grant Forfeited | 5,400 | 470 | ' | ' |
Restricted Shares Forfeited | ' | 0 | ' | ' |
Award Value/Weighted Average Exercise Price Forfeited (in Dollars per share) | ' | $0 | ' | ' |
Unvested Options Forfeited | ' | 0 | ' | ' |
Unvested Options Forfeited Weighted Average Grant Date Fair Value (in Dollars per share) | ' | $0 | ' | ' |
Cancelled | 31,219 | ' | ' | ' |
Shares Available Grant Forfeited/expired | ' | 93,910 | 538 | ' |
Restricted Shares Forfeited/expired | ' | 93,910 | 538 | ' |
Award Value/Weighted Average Exercise Price Forfeited/expired (in Dollars per share) | ' | $0 | $0 | ' |
Unvested Options Forfeited/expired | ' | 0 | 0 | ' |
Unvested Options Forfeited/expired Weighted Average Grant Date Fair Value (in Dollars per share) | ' | $0 | $0 | ' |
Shares Available Grant Vested | ' | 0 | 0 | ' |
Restricted Shares Vested | -3,000 | -3,000 | -3,000 | ' |
Award Value/Weighted Average Exercise Price Vested (in Dollars per share) | ' | $0 | $0 | ' |
Unvested Options Vested | -3,000 | -3,000 | -3,000 | ' |
Unvested Options Vested Weighted Average Grant Date Fair Value (in Dollars per share) | $4.41 | $4.41 | $4.41 | ' |
Total all plans | 121,053 | 121,965 | 70,821 | 350,000 |
Total all plans | 3,000 | 6,000 | 9,000 | ' |
Total all plans (in Dollars per share) | $4.77 | $4.77 | $4.77 | ' |
Shares Available for Grant | 121,053 | 121,965 | 70,821 | 350,000 |
Restricted Shares Outstanding | 3,000 | 6,000 | 9,000 | ' |
Award Value/ Weighted Average Exercise Price (in Dollars per share) | $4.77 | $4.77 | $4.77 | ' |
Weighted Average Grant Date Fair Value (in Dollars per share) | $4.41 | $4.41 | $4.41 | ' |
Note_13_Employee_Benefits_Deta4
Note 13 - Employee Benefits (Details) - Stock Options Outstanding (USD $) | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Number Outstanding | 60,540 |
Number Exercisable | 57,540 |
Number Unexercisable | 3,000 |
Unrecognized Compensation Expense (in Dollars) | $914 |
Exercise Price One [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price (in Dollars per share) | $27.66 |
Number Outstanding | 15,540 |
Weighted Average Remaining Contractual Life | '73 days |
Number Exercisable | 15,540 |
Number Unexercisable | 0 |
Unrecognized Compensation Expense (in Dollars) | 0 |
Exercise Price Two [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price (in Dollars per share) | $26.98 |
Number Outstanding | 15,000 |
Weighted Average Remaining Contractual Life | '219 days |
Number Exercisable | 15,000 |
Number Unexercisable | 0 |
Unrecognized Compensation Expense (in Dollars) | 0 |
Exercise Price Three [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price (in Dollars per share) | $30 |
Number Outstanding | 15,000 |
Weighted Average Remaining Contractual Life | '1 year 146 days |
Number Exercisable | 15,000 |
Number Unexercisable | 0 |
Unrecognized Compensation Expense (in Dollars) | 0 |
Exercise Price Four [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price (in Dollars per share) | $4.77 |
Number Outstanding | 15,000 |
Weighted Average Remaining Contractual Life | '5 years 146 days |
Number Exercisable | 12,000 |
Number Unexercisable | 3,000 |
Unrecognized Compensation Expense (in Dollars) | $914 |
Weighted Average Years Over Which Unrecognized Compensation will be Recognized | '146 days |
Note_14_Earnings_Loss_per_Comm2
Note 14 - Earnings (Loss) per Common Share (Details) | 12 Months Ended |
Dec. 31, 2011 | |
Earnings Per Share [Abstract] | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 |
Note_14_Earnings_Loss_per_Comm3
Note 14 - Earnings (Loss) per Common Share (Details) - Basic and Diluted Earnings (Loss) Per Share (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 14 - 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 | 4,001,288 | 3,946,314 | 3,853,491 |
Weighted average number of common shares outstanding adjusted for effect of dilutive securities | 4,310,166 | 4,030,652 | 3,853,491 |
Net income (loss) available to common shareholders (in Dollars) | $24,602 | $3,460 | ($13,376) |
Basic earnings (loss) per common share (in Dollars per share) | $6.15 | $0.88 | ($3.47) |
Diluted earnings (loss) per common share (in Dollars per share) | $5.71 | $0.86 | ($3.47) |
Employee Stock Option [Member] | ' | ' | ' |
Note 14 - Earnings (Loss) per Common Share (Details) - Basic and Diluted Earnings (Loss) Per Share [Line Items] | ' | ' | ' |
Options | 266,391 | 0 | 0 |
Restricted Stock [Member] | ' | ' | ' |
Note 14 - Earnings (Loss) per Common Share (Details) - Basic and Diluted Earnings (Loss) Per Share [Line Items] | ' | ' | ' |
Restricted stock awards | 42,487 | 84,338 | 0 |
Note_15_Stockholders_Equity_De
Note 15 - Stockholders' Equity (Details) (USD $) | 1 Months Ended | 12 Months Ended | 0 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 23, 2008 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 08, 2013 |
Preferred Stock [Member] | |||||
Note 15 - Stockholders' Equity (Details) [Line Items] | ' | ' | ' | ' | ' |
Stock Repurchased During Period, Shares | ' | 0 | 0 | 0 | ' |
Preferred Stock, Shares Authorized | ' | 500,000 | 500,000 | ' | ' |
Preferred Stock, Shares Issued | 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 | 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 | ' | 13 | ' | ' | ' |
Preferred Stock, Dividend Payment Terms | ' | 'six | ' | ' | ' |
Stock Issued During Period, Value, New Issues (in Dollars) | ' | ' | ' | ' | $18.80 |
Warrant Expiration Periods | ' | '10 years | ' | ' | ' |
Minimum Core Capital Requirement Percent of Assets | ' | 5.00% | ' | ' | ' |
Note_16_Regulatory_MattersSupe2
Note 16 - Regulatory Matters/Supervisory Agreements and IMCR (Details) | Dec. 31, 2013 | Dec. 31, 2011 |
Disclosure Text Block [Abstract] | ' | ' |
Tangible Capital to Tangible Assets | 12.22% | 8.50% |
Note_16_Regulatory_MattersSupe3
Note 16 - Regulatory Matters/Supervisory Agreements and IMCR (Details) - Tier 1 (Core) Capital and Risk-Based Capital (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Tier 1 (Core) Capital and Risk-Based Capital [Abstract] | ' | ' | ||
Tier I or core capital actual amount (in Dollars) | $77,848 | $63,212 | ||
Tier I or core capital actual percent of assets | 12.22% | [1] | 9.68% | [1] |
Tier I or core capital amount required to be adequately capitalized (in Dollars) | 25,478 | 26,123 | ||
Tier I or core capital percent of assets required to be adequately capitalized | 4.00% | [1] | 4.00% | [1] |
Tier I or core capital amount of excess capital (in Dollars) | 52,370 | 37,089 | ||
Tier I or core capital excess capital percent of assets | 8.22% | [1] | 5.68% | [1] |
Tier I or core capital amount required to be well capitalized under prompt corrective action provisions (in Dollars) | 31,847 | 32,653 | ||
Tier I or core capital percent of assets required to be well capitalized under prompt corrective action provisions | 5.00% | [1] | 5.00% | [1] |
Tier I risk-based capital actual amount (in Dollars) | 77,848 | 63,212 | ||
Tier I risk-based capital actual percent of assets | 19.51% | [1] | 14.23% | [1] |
Tier I risk-based capital amount required to be adequately capitalized (in Dollars) | 15,963 | 17,770 | ||
Tier I risk-based capital percent of assets required to be adequately capitalized | 4.00% | [1] | 4.00% | [1] |
Tier I risk-based capital amount of excess capital (in Dollars) | 61,885 | 45,442 | ||
Tier I risk-based capital excess capital percent of assets | 15.51% | [1] | 10.23% | [1] |
Tier I risk-based capital amount required to be well capitalized under prompt corrective action provisions (in Dollars) | 23,944 | 26,655 | ||
Tier I risk-based capital percent of assets required to be well capitalized under prompt corrective action provisions | 6.00% | [1] | 6.00% | [1] |
Risk-based capital to risk-weighted assets actual amount (in Dollars) | 82,916 | 68,963 | ||
Risk-based capital to risk-weighted assets actual percent of assets | 20.78% | [1] | 15.52% | [1] |
Risk-based capital to risk-weighted assets amount required to be adequately capitalized (in Dollars) | 31,926 | 35,540 | ||
Risk-based capital to risk-weighted assets percent of assets required to be adequately capitalized | 8.00% | [1] | 8.00% | [1] |
Risk-based capital to risk-weighted assets amount of excess capital (in Dollars) | 50,990 | 33,423 | ||
Risk-based capital to risk-weighted assets excess capital percent of assets | 12.78% | [1] | 7.52% | [1] |
Risk-based capital to risk-weighted assets amount required to be well capitalized under prompt corrective action provisions (in Dollars) | $39,907 | $44,425 | ||
Risk-based capital to risk-weighted assets percent of assets required to be well capitalized under prompt corrective action provisions | 10.00% | [1] | 10.00% | [1] |
[1] | Based upon the Bank's adjusted total assets for the purpose of the Tier I or core capital ratios and risk-weighted assets for the purpose of the risk-based capital ratio. |
Note_17_Financial_Instruments_2
Note 17 - Financial Instruments with Off-Balance Sheet Risk (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Financial Instruments With Off Balance Sheet Risk [Abstract] | ' | ' |
Off-Balance Sheet Expiration Period | '12 months | ' |
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | $1 | $1.90 |
Note_17_Financial_Instruments_3
Note 17 - Financial Instruments with Off-Balance Sheet Risk (Details) - Financial Instruments with Off-Balance Sheet Risk (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Commitments to originate, fund or purchase loans: | ' | ' |
Commitments to extend credit | $126,871 | $89,329 |
Forward commitments | 1,000 | 1,900 |
1-4 Family [Member] | ' | ' |
Commitments to originate, fund or purchase loans: | ' | ' |
Commitments to extend credit | 523 | 4,462 |
Commercial Real Estate [Member] | ' | ' |
Commitments to originate, fund or purchase loans: | ' | ' |
Commitments to extend credit | 25,514 | 750 |
Non-Real Estate Commercial Loans [Member] | ' | ' |
Commitments to originate, fund or purchase loans: | ' | ' |
Commitments to extend credit | 13,095 | 180 |
Undisbursed Balance of Loans Closed [Member] | ' | ' |
Commitments to originate, fund or purchase loans: | ' | ' |
Commitments to extend credit | 7,586 | 5,445 |
Unused lines of Credit [Member] | ' | ' |
Commitments to originate, fund or purchase loans: | ' | ' |
Commitments to extend credit | 79,136 | 76,582 |
Letters of Credit [Member] | ' | ' |
Commitments to originate, fund or purchase loans: | ' | ' |
Commitments to extend credit | 1,017 | 1,910 |
Forward Commitments [Member] | ' | ' |
Commitments to originate, fund or purchase loans: | ' | ' |
Forward commitments | $2,025 | $7,046 |
Note_18_Derivative_Instruments1
Note 18 - Derivative Instruments and Hedging Activities (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Note 18 - Derivative Instruments and Hedging Activities (Details) [Line Items] | ' |
Increase (Decrease) in Derivative Liabilities | $6,000 |
Increase (Decrease) in Derivative Assets | 6,000 |
Mortgage Pipeline [Member] | ' |
Note 18 - Derivative Instruments and Hedging Activities (Details) [Line Items] | ' |
Increase (Decrease) in Derivative Liabilities | 24,000 |
Derivative, Gain (Loss) on Derivative, Net | 26,000 |
Increase (Decrease) in Derivative Assets | $2,000 |
Note_19_Fair_Value_Measurement2
Note 19 - Fair Value Measurements (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Note 19 - Fair Value Measurements (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | $384,615,000 | $454,045,000 |
Fully Charged-Off [Member] | ' | ' |
Note 19 - Fair Value Measurements (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | $0 | ' |
Note_19_Fair_Value_Measurement3
Note 19 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 19 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | $107,956 | $85,891 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 19 - 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 19 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 107,956 | 85,810 |
Mortgage loan commitments | 2 | 27 |
Total | 107,958 | 85,837 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 19 - 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 19 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 107,956 | 85,891 |
Mortgage loan commitments | 2 | 27 |
Total | 107,958 | 85,918 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 19 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | $107,956 | ' |
Note_19_Fair_Value_Measurement4
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | $27,606 | $47,198 | ||
Total Gains (Losses) | -2,136 | -2,861 | ||
Loans Held For Sale [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | 0 | ||
Loans Held For Sale [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 1,502 | 2,584 | ||
Loans Held For Sale [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | 0 | ||
Loans Held For Sale [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 1,502 | 2,584 | ||
Total Gains (Losses) | 21 | 15 | ||
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | 0 | ||
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 1,708 | 1,732 | ||
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | 0 | ||
Mortgage Servicing Rights [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 1,708 | 1,732 | ||
Total Gains (Losses) | 0 | 0 | ||
Loans Receivable [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | [1] | 0 | [1] |
Loans Receivable [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 17,498 | [1] | 32,287 | [1] |
Loans Receivable [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | [1] | 0 | [1] |
Loans Receivable [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 17,498 | [1] | 32,287 | [1] |
Total Gains (Losses) | -1,728 | [1] | -2,307 | [1] |
Real estate, net [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | [2] | 0 | [2] |
Real estate, net [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 6,898 | [2] | 10,595 | [2] |
Real estate, net [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | [2] | 0 | [2] |
Real estate, net [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 6,898 | [2] | 10,595 | [2] |
Total Gains (Losses) | -429 | [2] | -569 | [2] |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 27,606 | 47,198 | ||
Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 19 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | $0 | $0 | ||
[1] | Represents 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_20_Fair_Value_of_Financia2
Note 20 - Fair Value of Financial Instruments (Details) - Estimated Fair Value of Company's Financial Instruments (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | $120,686,000 | $83,660,000 | $67,840,000 | $20,981,000 |
Securities available for sale | 107,956,000 | 85,891,000 | ' | ' |
Loans held for sale | 1,502,000 | 2,584,000 | ' | ' |
Loans receivable, net | 384,615,000 | 454,045,000 | ' | ' |
Federal Home Loan Bank stock | 784,000 | 4,063,000 | ' | ' |
Accrued interest receivable | 1,953,000 | 2,018,000 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 553,930,000 | 514,951,000 | ' | ' |
Federal Home Loan Bank advances | 0 | 70,000,000 | ' | ' |
Accrued interest payable | 146,000 | 247,000 | ' | ' |
Off-balance sheet financial instruments: | ' | ' | ' | ' |
Commitments to extend credit | 126,871,000 | 89,329,000 | ' | ' |
Commitments to sell loans | 1,000,000 | 1,900,000 | ' | ' |
Carrying Amount [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | 120,686,000 | 83,660,000 | ' | ' |
Securities available for sale | 107,956,000 | 85,891,000 | ' | ' |
Loans held for sale | 1,502,000 | 2,584,000 | ' | ' |
Loans receivable, net | 384,615,000 | 454,045,000 | ' | ' |
Federal Home Loan Bank stock | 784,000 | 4,063,000 | ' | ' |
Accrued interest receivable | 1,953,000 | 2,018,000 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 553,930,000 | 514,951,000 | ' | ' |
Federal Home Loan Bank advances | 0 | 70,000,000 | ' | ' |
Accrued interest payable | 146,000 | 247,000 | ' | ' |
Off-balance sheet financial instruments: | ' | ' | ' | ' |
Commitments to extend credit | 2,000 | 27,000 | ' | ' |
Commitments to sell loans | -22,000 | -40,000 | ' | ' |
Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | 120,686,000 | 83,660,000 | ' | ' |
Securities available for sale | 107,956,000 | 85,891,000 | ' | ' |
Loans held for sale | 1,502,000 | 2,584,000 | ' | ' |
Loans receivable, net | 388,263,000 | 459,177,000 | ' | ' |
Federal Home Loan Bank stock | 784,000 | 4,063,000 | ' | ' |
Accrued interest receivable | 1,953,000 | 2,018,000 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 553,930,000 | 514,951,000 | ' | ' |
Federal Home Loan Bank advances | 0 | 71,623,000 | ' | ' |
Accrued interest payable | 146,000 | 247,000 | ' | ' |
Off-balance sheet financial instruments: | ' | ' | ' | ' |
Commitments to extend credit | 2,000 | 27,000 | ' | ' |
Commitments to sell loans | -22,000 | -40,000 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | 120,686,000 | ' | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Securities available for sale | 107,956,000 | ' | ' | ' |
Loans held for sale | 1,502,000 | ' | ' | ' |
Loans receivable, net | 388,263,000 | ' | ' | ' |
Federal Home Loan Bank stock | 784,000 | ' | ' | ' |
Accrued interest receivable | 1,953,000 | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 553,930,000 | ' | ' | ' |
Federal Home Loan Bank advances | 0 | ' | ' | ' |
Accrued interest payable | 146,000 | ' | ' | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' |
Off-balance sheet financial instruments: | ' | ' | ' | ' |
Commitments to extend credit | 126,871,000 | ' | ' | ' |
Commitments to sell loans | 2,025,000 | ' | ' | ' |
Contract Amount [Member] | ' | ' | ' | ' |
Off-balance sheet financial instruments: | ' | ' | ' | ' |
Commitments to extend credit | ' | 89,329,000 | ' | ' |
Commitments to sell loans | ' | $7,046,000 | ' | ' |
Note_21_HMN_Financial_Inc_Fina2
Note 21 - HMN Financial, Inc. Financial Information (Parent Company Only) (Details) - Condensed Financial Statements for the Parent Company Only (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Assets: | ' | ' | ' | ' |
Cash and Cash Equivalents | $120,686,000 | $83,660,000 | $67,840,000 | $20,981,000 |
Loans receivable, net | 384,615,000 | 454,045,000 | ' | ' |
Prepaid expenses and other assets | 698,000 | 1,566,000 | ' | ' |
Deferred tax asset, net | 15,111,000 | 19,602,000 | ' | ' |
Total assets | 648,622,000 | 653,327,000 | ' | ' |
Liabilities and Stockholders' Equity: | ' | ' | ' | ' |
Accrued expenses and other liabilities | 8,257,000 | 6,465,000 | ' | ' |
Total liabilities | 562,947,000 | 592,493,000 | ' | ' |
Serial preferred stock | 26,000,000 | 25,336,000 | ' | ' |
Common stock | 91,000 | 91,000 | ' | ' |
Additional paid-in capital | 51,175,000 | 51,795,000 | ' | ' |
Retained earnings | 72,211,000 | 47,004,000 | ' | ' |
Unearned employee stock ownership plan shares | -2,804,000 | -2,997,000 | ' | ' |
Treasury stock, at cost, 4,704,313 and 4,705,073 shares | -60,324,000 | -60,346,000 | ' | ' |
Total stockholders' equity | 85,675,000 | 60,834,000 | 57,061,000 | 69,547,000 |
Total liabilities and stockholders' equity | 648,622,000 | 653,327,000 | ' | ' |
Condensed Statements of Income (Loss) | ' | ' | ' | ' |
Interest income | 22,983,000 | 30,816,000 | 39,541,000 | ' |
Compensation and benefits | 12,680,000 | 12,452,000 | 13,553,000 | ' |
Occupancy | 3,338,000 | 3,358,000 | 3,741,000 | ' |
Data processing | 1,177,000 | 1,332,000 | 1,221,000 | ' |
Other | 5,390,000 | 6,092,000 | 7,101,000 | ' |
Income (loss) before income tax expense (benefit) | 12,264,000 | 5,453,000 | -11,555,000 | ' |
Income tax (benefit) expense | -14,406,000 | 132,000 | 0 | ' |
Net income (loss) | 26,670,000 | 5,321,000 | -11,555,000 | ' |
Adjustments to reconcile net income (loss) to cash used by operating activities: | ' | ' | ' | ' |
Deferred income tax benefit | 4,905,000 | 1,878,000 | -4,883,000 | ' |
Earned employee stock ownership shares priced below original cost | -21,000 | -162,000 | -81,000 | ' |
Stock option compensation | 4,000 | 7,000 | 29,000 | ' |
Cancellation of restricted stock awards | 119,000 | 0 | 0 | ' |
Amortization of restricted stock awards | 202,000 | 233,000 | 297,000 | ' |
Increase in accrued expenses and other liabilities | 364,000 | -1,776,000 | 380,000 | ' |
(Increase) decrease in other assets | 842,000 | 696,000 | 1,342,000 | ' |
Other, net | 64,000 | 580,000 | 381,000 | ' |
Net cash used by operating activities | 18,992,000 | 16,837,000 | 17,340,000 | ' |
Cash flows from investing activities: | ' | ' | ' | ' |
(Increase) decrease in loans receivable, net | 63,814,000 | 89,591,000 | 76,114,000 | ' |
Net cash (used) provided by investing activities | 49,297,000 | 99,675,000 | 109,189,000 | ' |
Cash flows from financing activities: | ' | ' | ' | ' |
Net cash used by financing activities | -31,263,000 | -100,692,000 | -79,670,000 | ' |
(Decrease) increase in cash and cash equivalents | 37,026,000 | 15,820,000 | 46,859,000 | ' |
Parent Company [Member] | ' | ' | ' | ' |
Assets: | ' | ' | ' | ' |
Cash and Cash Equivalents | 141,000 | 154,000 | ' | ' |
Investment in subsidiaries | 88,332,000 | 63,165,000 | ' | ' |
Loans receivable, net | 1,000,000 | 800,000 | ' | ' |
Prepaid expenses and other assets | 79,000 | 14,000 | ' | ' |
Deferred tax asset, net | 931,000 | 0 | ' | ' |
Total assets | 90,483,000 | 64,133,000 | ' | ' |
Liabilities and Stockholders' Equity: | ' | ' | ' | ' |
Accrued expenses and other liabilities | 4,808,000 | 3,299,000 | ' | ' |
Total liabilities | 4,808,000 | 3,299,000 | ' | ' |
Serial preferred stock | 26,000,000 | 25,336,000 | ' | ' |
Common stock | 91,000 | 91,000 | ' | ' |
Additional paid-in capital | 51,175,000 | 51,795,000 | ' | ' |
Retained earnings | 72,211,000 | 47,004,000 | ' | ' |
Net unrealized losses on securities available for sale | -674,000 | -49,000 | ' | ' |
Unearned employee stock ownership plan shares | -2,804,000 | -2,997,000 | ' | ' |
Treasury stock, at cost, 4,704,313 and 4,705,073 shares | -60,324,000 | -60,346,000 | ' | ' |
Total stockholders' equity | 85,675,000 | 60,834,000 | ' | ' |
Total liabilities and stockholders' equity | 90,483,000 | 64,133,000 | ' | ' |
Condensed Statements of Income (Loss) | ' | ' | ' | ' |
Interest income | 1,000 | 3,000 | 4,000 | ' |
Equity income (losses) of subsidiaries | 26,792,000 | 6,220,000 | -10,519,000 | ' |
Compensation and benefits | -235,000 | -227,000 | -263,000 | ' |
Occupancy | -24,000 | -24,000 | -24,000 | ' |
Data processing | -6,000 | -6,000 | -6,000 | ' |
Other | -498,000 | -513,000 | -747,000 | ' |
Income (loss) before income tax expense (benefit) | 26,030,000 | 5,453,000 | -11,555,000 | ' |
Income tax (benefit) expense | -640,000 | 132,000 | 0 | ' |
Net income (loss) | 26,670,000 | 5,321,000 | -11,555,000 | ' |
Adjustments to reconcile net income (loss) to cash used by operating activities: | ' | ' | ' | ' |
Equity (income) losses of subsidiaries | -26,792,000 | -6,220,000 | 10,519,000 | ' |
Deferred income tax benefit | -931,000 | 0 | 0 | ' |
Earned employee stock ownership shares priced below original cost | -21,000 | -162,000 | -81,000 | ' |
Stock option compensation | 4,000 | 7,000 | 29,000 | ' |
Cancellation of restricted stock awards | -119,000 | 0 | 0 | ' |
Amortization of restricted stock awards | 202,000 | 233,000 | 298,000 | ' |
Decrease in unearned ESOP shares | 193,000 | 194,000 | 193,000 | ' |
Increase in accrued expenses and other liabilities | 47,000 | 65,000 | 101,000 | ' |
(Increase) decrease in other assets | -65,000 | 22,000 | 13,000 | ' |
Other, net | -1,000 | 0 | -1,000 | ' |
Net cash used by operating activities | -813,000 | -540,000 | -484,000 | ' |
Cash flows from investing activities: | ' | ' | ' | ' |
(Increase) decrease in loans receivable, net | -200,000 | 600,000 | 100,000 | ' |
Net cash (used) provided by investing activities | -200,000 | 600,000 | 100,000 | ' |
Cash flows from financing activities: | ' | ' | ' | ' |
Dividends received from Bank | 1,000,000 | 0 | 0 | ' |
Net cash used by financing activities | 1,000,000 | 0 | 0 | ' |
(Decrease) increase in cash and cash equivalents | -13,000 | 60,000 | -384,000 | ' |
Parent Company [Member] | Beginning of Period [Member] | ' | ' | ' | ' |
Assets: | ' | ' | ' | ' |
Cash and Cash Equivalents | 154,000 | 94,000 | 478,000 | ' |
Parent Company [Member] | End of Period [Member] | ' | ' | ' | ' |
Assets: | ' | ' | ' | ' |
Cash and Cash Equivalents | $141,000 | $154,000 | $94,000 | ' |
Note_21_HMN_Financial_Inc_Fina3
Note 21 - HMN Financial, Inc. Financial Information (Parent Company Only) (Details) - Condensed Financial Statements for the Parent Company Only (Parentheticals) | Dec. 31, 2013 | Dec. 31, 2012 |
Condensed Financial Statements, Captions [Line Items] | ' | ' |
Treasury stock, shares | 4,704,313 | 4,705,073 |
Parent Company [Member] | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' |
Treasury stock, shares | 4,704,313 | 4,705,073 |
Note_22_Business_Segments_Deta
Note 22 - Business Segments (Details) - Company's Reportable Segments (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' |
Interest income - external customers | $22,983 | $30,816 | $39,541 |
Non-interest income - external customers | 7,312 | 8,990 | 6,869 |
Intersegment interest income | 0 | 0 | 0 |
Intersegment non-interest income | 0 | 0 | 0 |
Interest expense | 3,289 | 7,139 | 11,135 |
Non-interest expense | 22,623 | 24,670 | 29,552 |
Income tax expense | -14,406 | 132 | 0 |
Net income | 26,670 | 5,321 | -11,555 |
Total assets | 648,622 | 653,327 | 790,155 |
At or for the year ended December 31, 2011: | ' | ' | ' |
Gain on limited partnerships | ' | ' | 6 |
External Customer [Member] | Consolidation, Eliminations [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Non-interest income - external customers | ' | ' | 0 |
External Customer [Member] | Home Federal Savings Bank [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Non-interest income - external customers | ' | ' | 6,863 |
External Customer [Member] | Other Segments [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Non-interest income - external customers | ' | ' | 0 |
External Customer [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Non-interest income - external customers | ' | ' | 6,863 |
Consolidation, Eliminations [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Interest income - external customers | 0 | 0 | 0 |
Non-interest income - external customers | 0 | 0 | ' |
Intersegment interest income | -1 | -4 | -4 |
Intersegment non-interest income | -26,974 | -6,406 | 10,333 |
Interest expense | -1 | -4 | -4 |
Non-interest expense | -182 | -186 | -186 |
Income tax expense | 0 | 0 | ' |
Net income | -26,792 | -6,220 | 10,519 |
Total assets | -89,540 | -64,123 | -58,965 |
At or for the year ended December 31, 2011: | ' | ' | ' |
Gain on limited partnerships | ' | ' | 0 |
Home Federal Savings Bank [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Interest income - external customers | 22,983 | 30,816 | 39,541 |
Non-interest income - external customers | 7,312 | 8,990 | ' |
Intersegment interest income | 0 | 0 | 0 |
Intersegment non-interest income | 182 | 186 | 186 |
Interest expense | 3,290 | 7,143 | 11,139 |
Non-interest expense | 22,039 | 24,077 | 28,689 |
Income tax expense | -13,766 | 0 | ' |
Net income | 26,795 | 6,228 | -10,510 |
Total assets | 647,679 | 653,315 | 790,115 |
At or for the year ended December 31, 2011: | ' | ' | ' |
Gain on limited partnerships | ' | ' | 6 |
Other Segments [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Interest income - external customers | 0 | 0 | 0 |
Non-interest income - external customers | 0 | 0 | ' |
Intersegment interest income | 1 | 4 | 4 |
Intersegment non-interest income | 26,792 | 6,220 | -10,519 |
Interest expense | 0 | 0 | 0 |
Non-interest expense | 766 | 779 | 1,049 |
Income tax expense | -640 | 132 | ' |
Net income | 26,667 | 5,313 | -11,564 |
Total assets | 90,483 | 64,135 | 59,005 |
At or for the year ended December 31, 2011: | ' | ' | ' |
Gain on limited partnerships | ' | ' | $0 |