Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2014 | Apr. 21, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'HMN FINANCIAL INC | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 4,448,205 |
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-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Consolidated_Balance_Sheets_Cu
Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and cash equivalents | $100,016 | $120,686 |
Securities available for sale: | ' | ' |
Mortgage-backed and related securities (amortized cost $4,202 and $4,899) | 4,462 | 5,213 |
Other marketable securities (amortized cost $98,784 and $103,788) | 98,031 | 102,743 |
102,493 | 107,956 | |
Loans held for sale | 1,425 | 1,502 |
Loans receivable, net | 383,020 | 384,615 |
Accrued interest receivable | 1,892 | 1,953 |
Real estate, net | 6,439 | 6,898 |
Federal Home Loan Bank stock, at cost | 777 | 784 |
Mortgage servicing rights, net | 1,630 | 1,708 |
Premises and equipment, net | 6,785 | 6,711 |
Prepaid expenses and other assets | 1,282 | 698 |
Deferred tax asset, net | 15,016 | 15,111 |
Total assets | 620,775 | 648,622 |
Liabilities and Stockholders’ Equity | ' | ' |
Deposits | 522,383 | 553,930 |
Accrued interest payable | 107 | 146 |
Customer escrows | 1,119 | 614 |
Accrued expenses and other liabilities | 9,940 | 8,257 |
Total liabilities | 533,549 | 562,947 |
Commitments and contingencies | ' | ' |
Stockholders’ equity: | ' | ' |
Serial preferred stock ($.01 par value): Authorized 500,000 shares; issued shares 26,000 | 26,000 | 26,000 |
Common stock ($.01 par value): Authorized 16,000,000; issued shares 9,128,662 | 91 | 91 |
Additional paid-in capital | 50,543 | 51,175 |
Retained earnings, subject to certain restrictions | 73,465 | 72,211 |
Accumulated other comprehensive loss, net of tax | -493 | -674 |
Unearned employee stock ownership plan shares | -2,755 | -2,804 |
Treasury stock, at cost 4,680,457 and 4,704,313 shares | -59,625 | -60,324 |
Total stockholders’ equity | 87,226 | 85,675 |
Total liabilities and stockholders’ equity | $620,775 | $648,622 |
Consolidated_Balance_Sheets_Cu1
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Mortgage-backed and related securities - amortized cost (in Dollars) | $4,202 | $4,899 |
Other marketable securities amortized cost (in Dollars) | $98,784 | $103,788 |
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 | 4,680,457 | 4,704,313 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Interest income: | ' | ' |
Loans receivable | $5,070 | $6,028 |
Securities available for sale: | ' | ' |
Mortgage-backed and related | 50 | 94 |
Other marketable | 254 | 139 |
Cash equivalents | 52 | 33 |
Other | 1 | 29 |
Total interest income | 5,427 | 6,323 |
Interest expense: | ' | ' |
Deposits | 334 | 557 |
Federal Home Loan Bank advances | 0 | 835 |
Total interest expense | 334 | 1,392 |
Net interest income | 5,093 | 4,931 |
Provision for loan losses | -1,610 | 0 |
Net interest income after provision for loan losses | 6,703 | 4,931 |
Non-interest income: | ' | ' |
Fees and service charges | 823 | 789 |
Loan servicing fees | 261 | 248 |
Gain on sales of loans | 346 | 678 |
Other | 258 | 159 |
Total non-interest income | 1,688 | 1,874 |
Non-interest expense: | ' | ' |
Compensation and benefits | 3,478 | 3,199 |
Loss (gain) on real estate owned | 68 | -19 |
Occupancy | 882 | 850 |
Deposit insurance | 157 | 318 |
Data processing | 246 | 355 |
Other | 866 | 1,336 |
Total non-interest expense | 5,697 | 6,039 |
Income before income tax expense | 2,694 | 766 |
Income tax expense | 1,062 | 25 |
Net income | 1,632 | 741 |
Preferred stock dividends and discount | -532 | -476 |
Net income available to common shareholders | 1,100 | 265 |
Other comprehensive income (loss), net of tax | 181 | -146 |
Comprehensive income attributable to common shareholders | $1,281 | $119 |
Basic earnings per common share (in Dollars per share) | $0.27 | $0.07 |
Diluted earnings per common share (in Dollars per share) | $0.24 | $0.06 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (Unaudited) (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, December 31, 2013 at Dec. 31, 2013 | $26,000 | $91 | $51,175 | $72,211 | ($674) | ($2,804) | ($60,324) | $85,675 |
Net income | ' | ' | ' | 1,632 | ' | ' | ' | 1,632 |
Other comprehensive income | ' | ' | ' | ' | 181 | ' | ' | 181 |
Restricted stock awards | ' | ' | -699 | ' | ' | ' | 699 | 0 |
Amortization of restricted stock awards | ' | ' | 56 | ' | ' | ' | ' | 56 |
Preferred stock dividends accrued | ' | ' | ' | -378 | ' | ' | ' | -378 |
Earned employee stock ownership plan shares | ' | ' | 11 | ' | ' | 49 | ' | 60 |
Balance, March 31, 2014 at Mar. 31, 2014 | $26,000 | $91 | $50,543 | $73,465 | ($493) | ($2,755) | ($59,625) | $87,226 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Cash flows from operating activities: | ' | ' |
Net income | $1,632,000 | $741,000 |
Adjustments to reconcile net income to cash provided by operating activities: | ' | ' |
Provision for loan losses | -1,610,000 | 0 |
Depreciation | 131,000 | 273,000 |
Amortization of premiums, net | 7,000 | 26,000 |
Amortization of deferred loan costs (fees) | 5,000 | -71,000 |
Amortization of mortgage servicing rights | 116,000 | 161,000 |
Capitalized mortgage servicing rights | -38,000 | -212,000 |
Loss (gain) on real estate and premises | 68,000 | -19,000 |
Gain on sales of loans | -346,000 | -678,000 |
Proceeds from sale of loans held for sale | 9,053,000 | 26,527,000 |
Disbursements on loans held for sale | -4,890,000 | -24,953,000 |
Amortization of restricted stock awards | 56,000 | 40,000 |
Amortization of unearned ESOP shares | 49,000 | 48,000 |
Cancellation of vested restricted stock awards | 0 | -88,000 |
Earned employee stock ownership shares priced above (below) original cost | 11,000 | -18,000 |
Stock option compensation | 0 | 1,000 |
Decrease in accrued interest receivable | 61,000 | 48,000 |
Decrease in accrued interest payable | -39,000 | -74,000 |
(Increase) decrease in other assets | -575,000 | 99,000 |
Increase in other liabilities | 1,299,000 | 11,000 |
Other, net | 293,000 | 124,000 |
Net cash provided by operating activities | 5,283,000 | 1,986,000 |
Cash flows from investing activities: | ' | ' |
Principal collected on securities available for sale | 699,000 | 1,738,000 |
Proceeds collected on maturities of securities available for sale | 10,000,000 | 3,000,000 |
Purchases of securities available for sale | -5,003,000 | -10,034,000 |
Redemption of Federal Home Loan Bank stock | 7,000 | 0 |
Proceeds from sales of real estate and premises | 136,000 | 572,000 |
Net (increase) decrease in loans receivable | -542,000 | 18,973,000 |
Purchases of premises and equipment | -205,000 | -119,000 |
Net cash provided by investing activities | 5,092,000 | 14,130,000 |
Cash flows from financing activities: | ' | ' |
Decrease in deposits | -31,550,000 | -27,316,000 |
Increase in customer escrows | 505,000 | 535,000 |
Net cash used by financing activities | -31,045,000 | -26,781,000 |
Decrease in cash and cash equivalents | -20,670,000 | -10,665,000 |
Cash and cash equivalents, beginning of period | 120,686,000 | 83,660,000 |
Cash and cash equivalents, end of period | 100,016,000 | 72,995,000 |
Supplemental cash flow disclosures: | ' | ' |
Cash paid for interest | 373,000 | 1,467,000 |
Cash paid for income taxes | 0 | 155,000 |
Supplemental noncash flow disclosures: | ' | ' |
Loans transferred to loans held for sale | $3,742,000 | $509,000 |
Note_1_HMN_Financial_Inc
Note 1 - HMN Financial, Inc. | 3 Months Ended | |
Mar. 31, 2014 | ||
Disclosure Text Block [Abstract] | ' | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' | |
-1 | HMN Financial, Inc. | |
HMN Financial, Inc. (HMN or the Company) is a stock savings bank holding company that owns 100 percent of Home Federal Savings Bank (the Bank). The Bank has a community banking philosophy and operates retail banking and loan production 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. |
Note_2_Basis_of_Preparation
Note 2 -Basis of Preparation | 3 Months Ended | |
Mar. 31, 2014 | ||
Disclosure Text Block [Abstract] | ' | |
Basis of Accounting [Text Block] | ' | |
-2 | Basis of Preparation | |
The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of the consolidated balance sheets, consolidated statements of comprehensive income, consolidated statement of stockholders' equity and consolidated statements of cash flows in conformity with U.S. generally accepted accounting principles. However, all normal recurring adjustments which are, in the opinion of management, necessary for the fair presentation of the interim financial statements have been included. The results of operations for the three-month period ended March 31, 2014 are not necessarily indicative of the results which may be expected for the entire year. |
Note_3_New_Accounting_Standard
Note 3 - New Accounting Standards | 3 Months Ended | |
Mar. 31, 2014 | ||
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | ' | |
-3 | New Accounting Standards | |
In January 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. |
Note_4_Derivative_Instruments_
Note 4 - Derivative Instruments and Hedging Activities | 3 Months Ended | |
Mar. 31, 2014 | ||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |
-4 | 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 quarter. The Company intends to sell these commitments, which are referred to as its mortgage pipeline. As commitments to originate or purchase loans enter the mortgage pipeline, the Company generally enters into commitments to sell the mortgage pipeline into the secondary market on a firm commitment or best efforts basis. The commitments to originate, purchase or sell loans on a firm commitment basis are derivatives and are recorded at market value. As a result of marking these derivatives to market for the period ended March 31, 2014, the Company recorded an increase in other assets of $9,000, an increase in other liabilities of $5,000 and a gain included in the gain on sales of loans of $4,000. As a result of marking these derivatives to market for the period ended March 31, 2013, the Company recorded an increase in other assets of $2,000, an increase in other liabilities of $4,000 and a loss included in the gain on sales of loans of $2,000. | ||
The current commitments to sell loans held for sale are derivatives that do not qualify for hedge accounting. As a result, these derivatives are marked to market and the related loans held for sale are recorded at the lower-of-cost-or-market. The Company recorded an increase in other liabilities of $3,000 and a loss included in the gain on sales of loans of $3,000 for the period ended March 31, 2014. The Company recorded an increase in other liabilities of $11,000 and a loss included in the gain on sales of loans of $11,000 for the period ended March 31, 2013. |
Note_5_Fair_Value_Measurements
Note 5 - Fair Value Measurements | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||||||
-5 | Fair Value Measurements | ||||||||||||||||||||
ASC 820, Fair Value Measurements, establishes a framework for measuring the fair value of assets and liabilities using a hierarchy system consisting of three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: | |||||||||||||||||||||
Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets that the Company has the ability to access. | |||||||||||||||||||||
Level 2 - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which significant assumptions are observable in the market. | |||||||||||||||||||||
Level 3 – Valuation is generated from model-based techniques that use significant assumptions not observable in the market and are used only to the extent that observable inputs are not available. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. | |||||||||||||||||||||
The following table summarizes the assets of the Company for which fair values are determined on a recurring basis as of March 31, 2014 and December 31, 2013. | |||||||||||||||||||||
Carrying value at March 31, 2014 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Securities available for sale | $ | 102,493 | 0 | 102,493 | 0 | ||||||||||||||||
Mortgage loan commitments | 10 | 0 | 10 | 0 | |||||||||||||||||
Total | $ | 102,503 | 0 | 102,503 | 0 | ||||||||||||||||
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 | ||||||||||||||||
There were no transfers between Levels 1, 2, or 3 during the three months ended March 31, 2014. | |||||||||||||||||||||
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 that were still held at March 31, 2014 and December 31, 2013, the following table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at March 31, 2014 and December 31, 2013. | |||||||||||||||||||||
Carrying value at March 31, 2014 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Three months ended | ||||||||||||||||
31-Mar-14 | |||||||||||||||||||||
total gains (losses) | |||||||||||||||||||||
Loans held for sale | $ | 1,425 | 0 | 1,425 | 0 | 24 | |||||||||||||||
Mortgage servicing rights | 1,630 | 0 | 1,630 | 0 | 0 | ||||||||||||||||
Loans(1) | 13,671 | 0 | 13,671 | 0 | (133 | ) | |||||||||||||||
Real estate, net(2) | 6,439 | 0 | 6,439 | 0 | (100 | ) | |||||||||||||||
Total | $ | 23,165 | 0 | 23,165 | 0 | (209 | ) | ||||||||||||||
Carrying value at December 31, 2013 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Year ended | ||||||||||||||||
December 31, 2013 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 | ) | ||||||||||||||
(1) Represents carrying value and related write-downs of loans for which adjustments are based on the appraised value of the collateral. The carrying value of loans fully charged-off is zero. | |||||||||||||||||||||
(2) Represents the fair value and related losses of foreclosed real estate and other collateral owned that were measured at fair value subsequent to their initial classification as foreclosed assets. |
Note_6_Fair_Value_of_Financial
Note 6 - Fair Value of Financial Instruments | 3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||
Financial Instruments Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||
-6 | Fair Value of Financial Instruments | ||||||||||||||||||||||||||||||||||||||||||
Generally accepted accounting principles require interim reporting period disclosure about the fair value of financial instruments, including assets, liabilities and off-balance sheet items for which it is practicable to estimate fair value. The fair value hierarchy level for each asset and liability, as defined in note 5, have been included in the following table for March 31, 2014. The fair value estimates are made based upon relevant market information, if available, and upon the characteristics of the financial instruments themselves. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based upon judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. The estimated fair value of the Company’s financial instruments as of March 31, 2014 and December 31, 2013 are shown below. | |||||||||||||||||||||||||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||
Fair value hierarchy | Fair value hierarchy | ||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Carrying | Estimated | Level 1 | Level 2 | Level 3 | Contract | Carrying | Estimated | Level 1 | Level 2 | Level 3 | Contract amount | |||||||||||||||||||||||||||||||
amount | fair value | amount | amount | fair value | |||||||||||||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 100,016 | 100,016 | 100,016 | 120,686 | 120,686 | 120,686 | ||||||||||||||||||||||||||||||||||||
Securities available for sale | 102,493 | 102,493 | 102,493 | 107,956 | 107,956 | 107,956 | |||||||||||||||||||||||||||||||||||||
Loans held for sale | 1,425 | 1,425 | 1,425 | 1,502 | 1,502 | 1,502 | |||||||||||||||||||||||||||||||||||||
Loans receivable, net | 383,020 | 383,925 | 383,925 | 384,615 | 388,263 | 388,263 | |||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank stock | 777 | 777 | 777 | 784 | 784 | 784 | |||||||||||||||||||||||||||||||||||||
Accrued interest receivable | 1,892 | 1,892 | 1,892 | 1,953 | 1,953 | 1,953 | |||||||||||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||||||||||||
Deposits | 522,383 | 522,383 | 522,383 | 553,930 | 553,930 | 553,930 | |||||||||||||||||||||||||||||||||||||
Accrued interest payable | 107 | 107 | 107 | 146 | 146 | 146 | |||||||||||||||||||||||||||||||||||||
Off-balance sheet financial | |||||||||||||||||||||||||||||||||||||||||||
instruments: | |||||||||||||||||||||||||||||||||||||||||||
Commitments to extend credit | 10 | 10 | 126,248 | 2 | 2 | 126,871 | |||||||||||||||||||||||||||||||||||||
Commitments to sell loans | (30 | ) | (30 | ) | 2,527 | (22 | ) | (22 | ) | 2,025 | |||||||||||||||||||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||||||||||||||||||||||||||||
The carrying amount of cash and cash equivalents approximates their fair value. | |||||||||||||||||||||||||||||||||||||||||||
Securities Available for Sale | |||||||||||||||||||||||||||||||||||||||||||
The fair values of securities were based upon quoted market prices for identical or similar instruments in active markets. | |||||||||||||||||||||||||||||||||||||||||||
Loans Held for Sale | |||||||||||||||||||||||||||||||||||||||||||
The fair values of loans held for sale were based upon quoted market prices for loans with similar interest rates and terms to maturity. | |||||||||||||||||||||||||||||||||||||||||||
Loans Receivable, net | |||||||||||||||||||||||||||||||||||||||||||
The fair value of the loan portfolio, with the exception of the adjustable rate portfolio, was calculated by discounting the scheduled cash flows through the estimated maturity using anticipated prepayment speeds and using discount rates that reflect the credit and interest rate risk inherent in each loan portfolio. The fair value of the adjustable loan portfolio was estimated by grouping the loans with similar characteristics and comparing the characteristics of each group to the prices quoted for similar types of loans in the secondary market. This method of estimating fair value does not incorporate the exit-price concept of fair value prescribed by ASC 820, Fair Value Measurements and Disclosures. | |||||||||||||||||||||||||||||||||||||||||||
Accrued Interest Receivable | |||||||||||||||||||||||||||||||||||||||||||
The carrying amount of accrued interest receivable approximates its fair value since it is short-term in nature and does not present unanticipated credit concerns. | |||||||||||||||||||||||||||||||||||||||||||
Deposits | |||||||||||||||||||||||||||||||||||||||||||
The fair value of demand deposits, savings accounts and certain money market account deposits is the amount payable on demand at the reporting date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. If the fair value of the fixed maturity certificates of deposit is calculated at less than the carrying amount, the carrying value of these deposits is reported as the fair value. | |||||||||||||||||||||||||||||||||||||||||||
The fair value estimate for deposits does not include the benefit that results from the low cost funding provided by the Company's existing deposits and long-term customer relationships compared to the cost of obtaining different sources of funding. This benefit is commonly referred to as the core deposit intangible. | |||||||||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank Advances | |||||||||||||||||||||||||||||||||||||||||||
The fair values of advances with fixed maturities are estimated based on discounted cash flow analysis using as discount rates the interest rates charged by the FHLB for borrowings of similar remaining maturities. | |||||||||||||||||||||||||||||||||||||||||||
Accrued Interest Payable | |||||||||||||||||||||||||||||||||||||||||||
The carrying amount of accrued interest payable approximates its fair value since it is short-term in nature. | |||||||||||||||||||||||||||||||||||||||||||
Commitments to Extend Credit | |||||||||||||||||||||||||||||||||||||||||||
The fair values of commitments to extend credit are estimated using the fees normally charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counter parties. | |||||||||||||||||||||||||||||||||||||||||||
Commitments to Sell Loans | |||||||||||||||||||||||||||||||||||||||||||
The fair values of commitments to sell loans are estimated using the quoted market prices for loans with similar interest rates and terms to maturity. |
Note_7_Other_Comprehensive_Inc
Note 7 - Other Comprehensive Income (Loss) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||||||||||||||||||
-7 | Other Comprehensive Income (Loss) | ||||||||||||||||||||||||
Other comprehensive income (loss) is defined as the change in equity during a period from transactions and other events from nonowner sources. Comprehensive income (loss) is the total of net income and other comprehensive income (loss), which for the Company is comprised of unrealized gains and losses on securities available for sale. The components of other comprehensive income (loss) and the related tax effects were as follows: | |||||||||||||||||||||||||
For the period ended March 31, | |||||||||||||||||||||||||
(Dollars in thousands) | 2014 | 2013 | |||||||||||||||||||||||
Securities available for sale: | Before tax | Tax effect | Net of tax | Before tax | Tax effect | Net of tax | |||||||||||||||||||
Net unrealized gains (losses) arising during the period | $ | 239 | 58 | 181 | (146 | ) | 0 | (146 | ) | ||||||||||||||||
Other comprehensive income (loss) | $ | 239 | 58 | 181 | (146 | ) | 0 | (146 | ) | ||||||||||||||||
Note_8_Securities_Available_Fo
Note 8 - Securities Available For Sale | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||
-8 | Securities Available For Sale | ||||||||||||||||||||||||||||||||
The following table shows the gross unrealized losses and fair 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 March 31, 2014 and December 31, 2013. | |||||||||||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||||||
Less than twelve months | Twelve months or more | Total | |||||||||||||||||||||||||||||||
(Dollars in thousands) | # of | Fair | Unrealized Losses | # of | Fair | Unrealized Losses | Fair | Unrealized Losses | |||||||||||||||||||||||||
Investments | Value | Investments | Value | Value | |||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 17 | $ | 81,627 | (398 | ) | 0 | $ | 0 | 0 | $ | 81,627 | (398 | ) | ||||||||||||||||||||
Corporate preferred stock | 0 | 0 | 0 | 1 | 315 | (385 | ) | 315 | (385 | ) | |||||||||||||||||||||||
Total temporarily impaired securities | 17 | $ | 81,627 | (398 | ) | 1 | $ | 315 | (385 | ) | $ | 81,942 | (783 | ) | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Less than twelve months | Twelve months or more | Total | |||||||||||||||||||||||||||||||
(Dollars in thousands) | # 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 | ) | |||||||||||||||||||
We review our investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the market liquidity for the investment, the financial condition and near-term prospects of the issuer, including any specific events which may influence the operations of the issuer, and our intent and ability to hold the investment for a period of time sufficient to recover the temporary loss. | |||||||||||||||||||||||||||||||||
The unrealized losses reported for corporate preferred stock at March 31, 2014 related to a single trust preferred security that was issued by the holding company of a small community bank. Typical of most trust preferred issuances, the issuer has the ability to defer interest payments for up to five years with interest payable on the deferred balance. In October 2009, the issuer elected to defer its scheduled interest payments as allowed by the terms of the security agreement. The issuer’s subsidiary bank has incurred operating losses due to increased provisions for loan losses but still meets the regulatory requirements to be considered “well capitalized” based on its most recent regulatory filing. Based on a review of the issuer, it was determined that the trust preferred security was not other-than-temporarily impaired at March 31, 2014. The Company does not intend to sell the preferred stock and has the intent and ability to hold it for a period of time sufficient to recover the temporary loss. Management believes that the Company will receive all principal and interest payments contractually due on the security and that the decrease in the market value is primarily due to a lack of liquidity in the market for trust preferred securities and the deferral of interest by the issuer. Management will continue to monitor the credit risk of the issuer and may be required to recognize other-than-temporary impairment charges on this security in future periods. | |||||||||||||||||||||||||||||||||
A summary of securities available for sale at March 31, 2014 and December 31, 2013 is as follows: | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized cost | Gross unrealized gains | Gross unrealized losses | Fair value | |||||||||||||||||||||||||||||
March 31, 2014: | |||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||
Federal Home Loan Mortgage Corporation (FHLMC) | $ | 2,282 | 146 | 0 | 2,428 | ||||||||||||||||||||||||||||
Federal National Mortgage Association (FNMA) | 1,920 | 114 | 0 | 2,034 | |||||||||||||||||||||||||||||
4,202 | 260 | 0 | 4,462 | ||||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 98,026 | 21 | (398 | ) | 97,649 | ||||||||||||||||||||||||||||
Corporate preferred stock | 700 | 0 | (385 | ) | 315 | ||||||||||||||||||||||||||||
Corporate equity | 58 | 9 | 0 | 67 | |||||||||||||||||||||||||||||
98,784 | 30 | (783 | ) | 98,031 | |||||||||||||||||||||||||||||
$ | 102,986 | 290 | (783 | ) | 102,493 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized cost | Gross unrealized gains | Gross unrealized losses | Fair value | |||||||||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
The following table indicates amortized cost and estimated fair value of securities available for sale at March 31, 2014 based upon contractual maturity adjusted for scheduled repayments of principal and projected prepayments of principal based upon current economic conditions and interest rates. | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Fair | |||||||||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||||||||||
Due less than one year | $ | 65,758 | 65,557 | ||||||||||||||||||||||||||||||
Due after one year through five years | 36,457 | 36,540 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 13 | 14 | |||||||||||||||||||||||||||||||
Due after ten years | 758 | 382 | |||||||||||||||||||||||||||||||
Total | $ | 102,986 | 102,493 | ||||||||||||||||||||||||||||||
The allocation of mortgage-backed securities in the table above is based upon the anticipated future cash flow of the securities using estimated mortgage prepayment speeds. The allocation of other marketable securities that have call features is based on the anticipated cash flows to the call date if it is anticipated that the security will be called, or to the maturity date if it is not anticipated to be called. |
Note_9_Loans_Receivable_Net
Note 9 - Loans Receivable, Net | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Receivables [Abstract] | ' | ||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||
-9 | Loans Receivable, Net | ||||||||
A summary of loans receivable at March 31, 2014 and December 31, 2013 is as follows: | |||||||||
(Dollars in thousands) | March 31, | December 31, | |||||||
2014 | 2013 | ||||||||
1-4 family | $ | 75,240 | 76,467 | ||||||
Commercial real estate: | |||||||||
Residential developments | 27,217 | 32,984 | |||||||
Other | 167,525 | 161,466 | |||||||
194,742 | 194,450 | ||||||||
Consumer | 53,518 | 53,423 | |||||||
Commercial business: | |||||||||
Construction industry | 4,464 | 6,334 | |||||||
Other | 64,206 | 65,375 | |||||||
68,670 | 71,709 | ||||||||
Total loans | 392,170 | 396,049 | |||||||
Less: | |||||||||
Unamortized discounts | 33 | 33 | |||||||
Net deferred loan fees | 27 | 0 | |||||||
Allowance for loan losses | 9,090 | 11,401 | |||||||
Total loans receivable, net | $ | 383,020 | 384,615 | ||||||
Note_10_Allowance_for_Loan_Los
Note 10 - Allowance for Loan Losses and Credit Quality Information | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||
Allowance For Loan Losses And Credit Quality Information [Abstract] | ' | ||||||||||||||||||||||||||||
Allowance For Loan Losses And Credit Quality Information [Text Block] | ' | ||||||||||||||||||||||||||||
-10 | Allowance for Loan Losses and Credit Quality Information | ||||||||||||||||||||||||||||
The allowance for loan losses is summarized as follows: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 1-4 Family | Commercial | Consumer | Commercial | Total | ||||||||||||||||||||||||
Real Estate | Business | ||||||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 1,628 | 6,458 | 1,106 | 2,209 | 11,401 | |||||||||||||||||||||||
Provision for losses | 84 | (1,194 | ) | 101 | (601 | ) | (1,610 | ) | |||||||||||||||||||||
Charge-offs | 0 | (935 | ) | (31 | ) | (1 | ) | (967 | ) | ||||||||||||||||||||
Recoveries | 0 | 214 | 10 | 42 | 266 | ||||||||||||||||||||||||
Balance, March 31, 2014 | $ | 1,712 | 4,543 | 1,186 | 1,649 | 9,090 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||
Allocated to: | |||||||||||||||||||||||||||||
Specific reserves | $ | 407 | 1,342 | 448 | 275 | 2,472 | |||||||||||||||||||||||
General reserves | 1,305 | 3,201 | 738 | 1,374 | 6,618 | ||||||||||||||||||||||||
Balance, March 31, 2014 | $ | 1,712 | 4,543 | 1,186 | 1,649 | 9,090 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||
Loans receivable at March 31, 2014: | |||||||||||||||||||||||||||||
Individually reviewed for impairment | $ | 2,442 | 11,824 | 979 | 898 | 16,143 | |||||||||||||||||||||||
Collectively reviewed for impairment | 72,798 | 182,918 | 52,539 | 67,772 | 376,027 | ||||||||||||||||||||||||
Ending balance | $ | 75,240 | 194,742 | 53,518 | 68,670 | 392,170 | |||||||||||||||||||||||
The following table summarizes the amount of classified and unclassified loans at March 31, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||
Classified | Unclassified | ||||||||||||||||||||||||||||
(Dollars in thousands) | Special | Substandard | Doubtful | Loss | Total | Total | Total Loans | ||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
1-4 family | $ | 729 | 5,627 | 322 | 0 | 6,678 | 68,562 | 75,240 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 12,409 | 0 | 0 | 12,409 | 14,808 | 27,217 | ||||||||||||||||||||||
Other | 5,165 | 5,871 | 0 | 0 | 11,036 | 156,489 | 167,525 | ||||||||||||||||||||||
Consumer | 0 | 529 | 150 | 299 | 978 | 52,540 | 53,518 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 398 | 0 | 0 | 398 | 4,066 | 4,464 | ||||||||||||||||||||||
Other | 703 | 4,145 | 0 | 0 | 4,848 | 59,358 | 64,206 | ||||||||||||||||||||||
$ | 6,597 | 28,979 | 472 | 299 | 36,347 | 355,823 | 392,170 | ||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
Classified | Unclassified | ||||||||||||||||||||||||||||
(Dollars in thousands) | Special | Substandard | Doubtful | Loss | Total | Total | Total | ||||||||||||||||||||||
Mention | 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 | ||||||||||||||||||||||
Classified loans represent special mention, substandard, doubtful and loss loans. Loans classified as substandard are loans that are generally inadequately protected by the current net worth and paying capacity of the obligor, or by the collateral pledged, if any. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loans classified as doubtful have the weaknesses of those classified as substandard, with additional characteristics that make collection in full on the basis of currently existing facts, conditions and values questionable, and there is a high possibility of loss. A loan classified as loss is considered uncollectible and of such little value that continuance as an asset on the balance sheet is not warranted. Loans classified as substandard or doubtful require the Bank to perform an analysis of the individual loan and charge-off any loans, or portion thereof, that are deemed uncollectible. | |||||||||||||||||||||||||||||
The aging of past due loans at March 31, 2014 and December 31, 2013 are summarized as follows: | |||||||||||||||||||||||||||||
(Dollars in thousands) | 30-59 | 60-89 | 90 Days | Total | Current | Total | Loans 90 Days or More Past Due and Still Accruing | ||||||||||||||||||||||
Days | Days | or More | Past Due | Loans | Loans | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | |||||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||
1-4 family | $ | 1,135 | 0 | 954 | 2,089 | 73,151 | 75,240 | 0 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 0 | 0 | 0 | 27,217 | 27,217 | 0 | ||||||||||||||||||||||
Other | 17 | 0 | 0 | 17 | 167,508 | 167,525 | 0 | ||||||||||||||||||||||
Consumer | 430 | 164 | 78 | 672 | 52,846 | 53,518 | 0 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 0 | 4,464 | 4,464 | 0 | ||||||||||||||||||||||
Other | 540 | 0 | 0 | 540 | 63,666 | 64,206 | 0 | ||||||||||||||||||||||
$ | 2,122 | 164 | 1,032 | 3,318 | 388,852 | 392,170 | 0 | ||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||
Impaired loans include loans that are non-performing (non-accruing) and loans that have been modified in a troubled debt restructuring (TDR). The following table summarizes impaired loans and related allowances as of March 31, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Recorded | Unpaid | Related | Recorded | Unpaid | Related | |||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 850 | 850 | 0 | 88 | 88 | 0 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 7,113 | 11,739 | 0 | 8,257 | 13,636 | 0 | |||||||||||||||||||||||
Other | 51 | 51 | 0 | 52 | 52 | 0 | |||||||||||||||||||||||
Consumer | 471 | 475 | 0 | 487 | 491 | 0 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 90 | 272 | 0 | 93 | 296 | 0 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 1,592 | 1,635 | 407 | 1,800 | 1,844 | 404 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 3,785 | 4,966 | 1,184 | 7,994 | 12,725 | 2,260 | |||||||||||||||||||||||
Other | 875 | 875 | 158 | 888 | 888 | 143 | |||||||||||||||||||||||
Consumer | 508 | 508 | 448 | 429 | 429 | 382 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Other | 808 | 1,360 | 275 | 1,188 | 1,984 | 589 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 2,442 | 2,485 | 407 | 1,888 | 1,932 | 404 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 10,898 | 16,705 | 1,184 | 16,251 | 26,361 | 2,260 | |||||||||||||||||||||||
Other | 926 | 926 | 158 | 940 | 940 | 143 | |||||||||||||||||||||||
Consumer | 979 | 983 | 448 | 916 | 920 | 382 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 90 | 272 | 0 | 93 | 296 | 0 | |||||||||||||||||||||||
Other | 808 | 1,360 | 275 | 1,188 | 1,984 | 589 | |||||||||||||||||||||||
$ | 16,143 | 22,731 | 2,472 | 21,276 | 32,433 | 3,778 | |||||||||||||||||||||||
The following table summarizes the average recorded investment and interest income recognized on impaired loans during the three months ended March 31, 2014 and 2013: | |||||||||||||||||||||||||||||
31-Mar-14 | 31-Mar-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Average | Interest | Average | Interest | |||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 469 | 4 | 1,628 | 16 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 7,685 | 13 | 9,550 | 31 | |||||||||||||||||||||||||
Other | 52 | 0 | 514 | 5 | |||||||||||||||||||||||||
Consumer | 479 | 2 | 322 | 1 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction/development | 92 | 0 | 83 | 0 | |||||||||||||||||||||||||
Other | 0 | 0 | 19 | 0 | |||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 1,696 | 15 | 2,871 | 8 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 5,890 | 13 | 15,007 | 13 | |||||||||||||||||||||||||
Other | 882 | 8 | 2,642 | 3 | |||||||||||||||||||||||||
Consumer | 469 | 2 | 1,445 | 10 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction/development | 0 | 0 | 72 | 0 | |||||||||||||||||||||||||
Other | 998 | 8 | 2,250 | 8 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 2,165 | 19 | 4,499 | 24 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 13,575 | 26 | 24,557 | 44 | |||||||||||||||||||||||||
Other | 934 | 8 | 3,156 | 8 | |||||||||||||||||||||||||
Consumer | 948 | 4 | 1,767 | 11 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction/development | 92 | 0 | 155 | 0 | |||||||||||||||||||||||||
Other | 998 | 8 | 2,269 | 8 | |||||||||||||||||||||||||
$ | 18,712 | 65 | 36,403 | 95 | |||||||||||||||||||||||||
At March 31, 2014 and December 31, 2013, non-accruing loans totaled $12.4 million and $17.5 million, respectively, for which the related allowance for loan losses was $2.0 million and $3.4 million, respectively. The decrease in the related allowances during the first quarter of 2014 is due primarily to two related commercial real estate loans that were charged down and paid off during the period. All of the interest income that was recognized for non-accruing loans was recognized using the cash basis method of income recognition. Non-accruing loans for which no specific allowance has been recorded, because management determined that the value of the collateral was sufficient to repay the loan, totaled $7.4 million and $7.8 million at March 31, 2014 and December 31, 2013, respectively. Non-accrual loans also include certain loans that have had terms modified in a TDR. | |||||||||||||||||||||||||||||
The non-accrual loans at March 31, 2014 and December 31, 2013 are summarized as follows: | |||||||||||||||||||||||||||||
(Dollars in thousands) | March 31, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
1-4 family | $ | 2,158 | $ | 1,602 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 8,645 | 14,146 | |||||||||||||||||||||||||||
Other | 576 | 403 | |||||||||||||||||||||||||||
Consumer | 809 | 737 | |||||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction/development | 90 | 93 | |||||||||||||||||||||||||||
Other | 152 | 515 | |||||||||||||||||||||||||||
$ | 12,430 | $ | 17,496 | ||||||||||||||||||||||||||
At March 31, 2014 and December 31, 2013, there were loans included in loans receivable, net, with terms that had been modified in a TDR totaling $14.2 million and $19.2 million, respectively. For the loans that were restructured in the first quarter of 2014, no loans were classified but performing and $0.1 million were non-performing at March 31, 2014. | |||||||||||||||||||||||||||||
The following table summarizes troubled debt restructurings at March 31, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Accruing | Non- | Total | Accruing | Non- | Total | |||||||||||||||||||||||
Accrual | Accrual | ||||||||||||||||||||||||||||
1-4 Family | $ | 284 | 499 | 783 | 285 | 624 | 909 | ||||||||||||||||||||||
Commercial real estate | 2,603 | 9,140 | 11,743 | 2,642 | 13,817 | 16,459 | |||||||||||||||||||||||
Consumer | 170 | 582 | 752 | 180 | 533 | 713 | |||||||||||||||||||||||
Commercial business | 656 | 267 | 923 | 673 | 475 | 1,148 | |||||||||||||||||||||||
$ | 3,713 | 10,488 | 14,201 | 3,780 | 15,449 | 19,229 | |||||||||||||||||||||||
There were no material commitments to lend additional funds to customers whose loans were restructured or classified as non-accrual at March 31, 2014 or December 31, 2013. | |||||||||||||||||||||||||||||
TDR concessions can include reduction of interest rates, extension of maturity dates, forgiveness of principal and/or interest due, or acceptance of real estate or other assets in full or partial satisfaction of the debt. Loan modifications are not reported as TDRs after 12 months if the loan was modified at a market rate of interest for comparable risk loans, and the loan is performing in accordance with the terms of the restructured agreement for the entire 12-month period. All loans classified as TDRs are considered to be impaired. | |||||||||||||||||||||||||||||
When a loan is modified as a TDR, there may be a direct, material impact on the loans within the balance sheet, as principal balances may be partially forgiven. The financial effects of TDRs are presented in the following table and represent the difference between the outstanding recorded balance pre-modification and post-modification, for the three-months ended March 31, 2014 and March 31, 2013. | |||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||
31-Mar-14 | 31-Mar-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre- | Post-Modification Outstanding Recorded | Number of | Pre- | Post-Modification Outstanding Recorded | |||||||||||||||||||||||
Contracts | Modification Outstanding Recorded | Investment | Contracts | Modification Outstanding Recorded | Investment | ||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||
1-4 family | 0 | $ | 0 | $ | 0 | 0 | $ | 0 | $ | 0 | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 2 | 75 | 75 | |||||||||||||||||||||||
Consumer | 2 | 93 | 94 | 4 | 114 | 115 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Total | 2 | $ | 93 | $ | 94 | 6 | $ | 189 | $ | 190 | |||||||||||||||||||
There were no loans that were restructured within the 12 months preceding March 31, 2014 and March 31, 2013 that defaulted during the three months ended March 31, 2014 and March 31, 2013. | |||||||||||||||||||||||||||||
The Company considers a loan to have defaulted when it becomes 90 or more days past due under the modified terms, when it is placed in non-accrual status, when it becomes other real estate owned, or when it becomes non-compliant with some other material requirement of the modification agreement. | |||||||||||||||||||||||||||||
Loans that were non-accrual prior to modification remain on non-accrual status for at least six months following modification. Non-accrual TDR loans that have performed according to the modified terms for six months may be returned to accrual status. Loans that were accruing prior to modification remain on accrual status after the modification as long as the loan continues to perform under the new terms. | |||||||||||||||||||||||||||||
TDRs are reviewed for impairment following the same methodology as other impaired loans. For loans that are collateral-dependent, the value of the collateral is reviewed and additional reserves may be added as needed. Loans that are not collateral-dependent may have additional reserves established if deemed necessary. The reserves for TDRs were $1.8 million, or 19.8%, of the total $9.1 million in loan loss reserves at March 31, 2014 and $2.9 million, or 25.6%, of the total $11.4 million in loan loss reserves at December 31, 2013. |
Note_11_Investment_in_Mortgage
Note 11 - Investment in Mortgage Servicing Rights | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Transfers and Servicing [Abstract] | ' | ||||||||||||||||
Transfers and Servicing of Financial Assets [Text Block] | ' | ||||||||||||||||
-11 | Investment in Mortgage Servicing Rights | ||||||||||||||||
A summary of mortgage servicing activity is as follows: | |||||||||||||||||
(Dollars in thousands) | Three Months ended | Twelve Months ended | Three Months ended | ||||||||||||||
31-Mar-14 | 31-Dec-13 | 31-Mar-13 | |||||||||||||||
Balance, beginning of period | $ | 1,708 | 1,732 | 1,732 | |||||||||||||
Originations | 38 | 568 | 212 | ||||||||||||||
Amortization | (116 | ) | (592 | ) | (161 | ) | |||||||||||
Balance, end of period | $ | 1,630 | 1,708 | 1,783 | |||||||||||||
Fair value of mortgage servicing rights | $ | 2,739 | 2,801 | 2,395 | |||||||||||||
All of the loans being serviced were single family loans under the FNMA individual loan sale program. The following is a summary of the risk characteristics of the loans being serviced at March 31, 2014. | |||||||||||||||||
(Dollars in thousands) | Loan | Weighted | Weighted | Number | |||||||||||||
Principal | Average | Average | of Loans | ||||||||||||||
Balance | Interest | Remaining | |||||||||||||||
Rate | Term (months) | ||||||||||||||||
Original term 30 year fixed rate | $ | 203,085 | 4.35 | % | 300 | 1,738 | |||||||||||
Original term 15 year fixed rate | 117,459 | 3.4 | 143 | 1,326 | |||||||||||||
Adjustable rate | 198 | 3.88 | 320 | 5 | |||||||||||||
The gross carrying amount of mortgage servicing rights and the associated accumulated amortization at March 31, 2014 is presented in the following table. Amortization expense for mortgage servicing rights was $116,000 and $161,000 for the three months ended March 31, 2014 and 2013, respectively. | |||||||||||||||||
31-Mar-14 | |||||||||||||||||
(Dollars in thousands) | Gross | Accumulated | Unamortized | ||||||||||||||
Carrying | Amortization | Mortgage | |||||||||||||||
Amount | Servicing Rights | ||||||||||||||||
Mortgage servicing rights | $ | 3,621 | (1,991 | ) | 1,630 | ||||||||||||
Total | $ | 3,621 | (1,991 | ) | 1,630 | ||||||||||||
31-Mar-13 | |||||||||||||||||
(Dollars in thousands) | Gross | Accumulated | Unamortized | ||||||||||||||
Carrying | Amortization | Mortgage | |||||||||||||||
Amount | Servicing Rights | ||||||||||||||||
Mortgage servicing rights | $ | 2,494 | (711 | ) | 1,783 | ||||||||||||
Total | $ | 2,494 | (711 | ) | 1,783 | ||||||||||||
The following table indicates the estimated future amortization expense for amortized mortgage servicing rights: | |||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Year ending December 31, | |||||||||||||||||
2014 | $ | 316 | |||||||||||||||
2015 | 404 | ||||||||||||||||
2016 | 357 | ||||||||||||||||
2017 | 267 | ||||||||||||||||
2018 | 164 | ||||||||||||||||
Thereafter | 122 | ||||||||||||||||
$ | 1,630 | ||||||||||||||||
Projections of amortization are based on existing asset balances and the existing interest rate environment as of March 31, 2014. The Company’s actual experience may be significantly different depending upon changes in mortgage interest rates and other market conditions. |
Note_12_Earnings_per_Common_Sh
Note 12 - Earnings per Common Share | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Earnings Per Share [Text Block] | ' | ||||||||
-12 | Earnings per Common Share | ||||||||
The following table reconciles the weighted average shares outstanding and the earnings available to common shareholders used for basic and diluted earnings per share: | |||||||||
(Dollars in thousands, except per share data) | Three months ended March 31, | ||||||||
2014 | 2013 | ||||||||
Weighted average number of common shares outstanding used in basic earnings per common share calculation | 4,038,817 | 3,996,297 | |||||||
Net dilutive effect of: | |||||||||
Restricted stock awards | 548,527 | 115,507 | |||||||
Weighted average number of shares outstanding adjusted for effect of dilutive securities | 4,587,344 | 4,111,804 | |||||||
Income available to common shareholders | $ | 1,100 | 265 | ||||||
Basic earnings per common share | $ | 0.27 | 0.07 | ||||||
Diluted earnings per common share | $ | 0.24 | 0.06 | ||||||
Note_13_Regulatory_Capital_and
Note 13 - Regulatory Capital and Oversight | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | ||||||||||||||||||||||||||||||||
-13 | Regulatory Capital and Oversight | ||||||||||||||||||||||||||||||||
On July 21, 2011, the Office of Thrift Supervision (the OTS) was integrated into the Office of the Comptroller of the Currency (the OCC), which became the Bank’s primary banking regulator, and the primary banking regulator for the Company became the Federal Reserve Board (the FRB). | |||||||||||||||||||||||||||||||||
The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank's assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. | |||||||||||||||||||||||||||||||||
The Bank entered into a written Supervisory Agreement with the OTS, effective February 22, 2011, that primarily related to the Bank’s financial performance and credit quality issues. In addition, the OCC established an Individual Minimum Capital Requirement (IMCR) for the Bank, effective December 31, 2011. 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 February 11, 2014, the OCC terminated the Supervisory Agreement and the IMCR to which the Bank was subject. | |||||||||||||||||||||||||||||||||
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 an updated two year consolidated capital plan in January of 2014. The Company was required to operate within the parameters of that capital plan and was required to monitor and submit periodic reports on its compliance with the plan. In addition, without the consent of the FRB, the Company could 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 March 31, 2014. Effective May 1, 2014, the FRB terminated the Supervisory Agreement to which the Company was subject. | |||||||||||||||||||||||||||||||||
Quantitative measures established by regulations to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table) of Tier I (Core) capital, and Risk-based capital (as defined in the regulations) to total assets (as defined). | |||||||||||||||||||||||||||||||||
On March 31, 2014, the Bank’s tangible assets were $619.5 million, its adjusted total assets were $609.0 million and its risk-weighted assets were $383.4 million. The following table presents the Bank’s capital amounts and ratios at March 31, 2014 for actual capital, required capital and excess capital, including ratios in order to qualify as being well capitalized under the Prompt Corrective Actions regulations. | |||||||||||||||||||||||||||||||||
Actual | Required to be | Excess Capital | To Be Well Capitalized | ||||||||||||||||||||||||||||||
Adequately Capitalized | Under Prompt Corrective | ||||||||||||||||||||||||||||||||
Action Provisions(1) | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amount | Percent of | Amount | Percent of | Amount | Percent of | Amount | Percent of | |||||||||||||||||||||||||
Assets(2) | Assets (2) | Assets(2) | Assets(2) | ||||||||||||||||||||||||||||||
Bank stockholder’s equity | $ | 90,227 | |||||||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||||||
Net unrealized loss (gain) on certain securities available for sale | 493 | ||||||||||||||||||||||||||||||||
Disallowed servicing and tax assets | (11,064 | ) | |||||||||||||||||||||||||||||||
Tier I or core capital | 79,656 | ||||||||||||||||||||||||||||||||
Tier I capital to adjusted total assets | 13.08 | % | $ | 24,359 | 4 | % | $ | 55,297 | 9.8 | % | $ | 30,449 | 5 | % | |||||||||||||||||||
Tier I capital to risk-weighted assets | 20.78 | % | $ | 15,336 | 4 | % | $ | 64,320 | 16.78 | % | $ | 23,004 | 6 | % | |||||||||||||||||||
Plus: | |||||||||||||||||||||||||||||||||
Allowable allowance for loan losses | 4,846 | ||||||||||||||||||||||||||||||||
Risk-based capital | $ | 84,502 | $ | 30,672 | $ | 53,830 | $ | 38,341 | |||||||||||||||||||||||||
Risk-based capital to risk- weighted assets | 22.04 | % | 8 | % | 14.04 | % | 10 | % | |||||||||||||||||||||||||
-1 | Under the recently issued final rules, revised requirements will be phased in commencing January 1, 2015, as described below. | ||||||||||||||||||||||||||||||||
-2 | Based upon the Bank’s adjusted total assets for the purpose of the tangible and core capital ratios and risk-weighted assets for the purpose of the risk-based capital ratio. | ||||||||||||||||||||||||||||||||
Management believes that, as of March 31, 2014, the Bank’s capital ratios were in excess of those quantitative capital ratio standards set forth under the current prompt corrective action regulations described above. However, there can be no assurance that the Bank will continue to maintain such status in the future, under the current rules or new rules described below. The OCC has extensive discretion in its supervisory and enforcement activities, and can adjust the requirement to be “well-capitalized” in the future. | |||||||||||||||||||||||||||||||||
The capital requirements of the Company and the Bank will be affected in the future by regulatory changes approved in the final rules issued in July 2013 by the FRB and the OCC to establish an integrated regulatory capital framework for implementing the Basel III reforms of the Basel Committee on Banking Supervision for the Bank of International Settlements. The new requirements, which will be effective beginning on January 1, 2015, will, among other things, apply a strengthened set of capital requirements to both the Bank and the Company, including new requirements relating to common equity as a component of core capital and as a “capital conservation buffer” against risk, and a higher minimum core capital requirement, and will revise the rules for calculating risk-weighted assets for purposes of such requirements. The final rules make corresponding revisions to the prompt corrective action framework. Under the final rules, certain changes including the new capital ratio and buffer requirements will be phased in incrementally, with full implementation scheduled for January 1, 2019. 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_14_Preferred_Stock
Note 14 - Preferred Stock | 3 Months Ended | |
Mar. 31, 2014 | ||
Disclosure Text Block Supplement [Abstract] | ' | |
Preferred Stock [Text Block] | ' | |
-14 | Preferred Stock | |
The Company's certificate of incorporation authorizes the issuance of up to 500,000 shares of preferred stock, and on December 23, 2008, the Company completed the sale of 26,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the Preferred Stock) to the United States Treasury. The Preferred Stock has a liquidation value of $1,000 per share and a related warrant was also issued to purchase 833,333 shares of HMN common stock at an exercise price of $4.68 per share. The transaction was part of the United States Treasury’s Capital Purchase Program under the Emergency Economic Stabilization Act of 2008. Under the terms of the certificate of designations for the Preferred Stock, dividend payments may be deferred, but the dividend is cumulative and compounds quarterly during the deferral period. In addition, if the Company fails to pay dividends for six quarters, whether or not consecutive, the holders of the Preferred Stock have the right to appoint two representatives to the Company’s board of directors. While dividends on the Preferred Stock are in arrears, no dividend may be paid on the common stock of the Company. | ||
On April 11, 2014, the Company announced that its Board of Directors declared a dividend of $201.71 per share on the Company’s outstanding Preferred Stock. The amount of the dividend represents all accrued and unpaid dividends on the Preferred Stock for all past dividend periods and for the dividend period ending on May 14, 2014. The dividend of $5.2 million will be payable on May 15, 2014 to holders of record of the Preferred Stock on April 9, 2014. Also on April 11, 2014, the Company announced that it will redeem 10,000 shares of the Preferred Stock on a pro rata basis from holders of record of the Preferred Stock on April 9, 2014. The effective date of the redemption will be May 15, 2014. Giving effect to the dividend to be paid on the same date, the redemption price per share will be $1,000. Following the $10 million redemption, 16,000 shares of Preferred Stock will remain outstanding. The Company has requested and received all applicable approvals from regulatory authorities to pay the Preferred Stock dividend and effect the partial redemption of Preferred Stock. | ||
The reduction in the number of outstanding shares of Preferred Stock will, from and after May 15, 2014, reduce the quarterly Preferred Stock dividend accrual from $585,000 to $360,000. Payment of all previously-deferred accrued and unpaid dividends will terminate the current right of holders of Preferred Stock to appoint any person to the Company’s board of directors. | ||
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 at any time, subject to applicable securities laws and the Company’s right to repurchase the warrant at fair market value under the terms of the Company’s agreements with Treasury. The warrant may be exercised at any time over its ten-year term, which expires on December 23, 2018, and Treasury has agreed not to exercise any voting rights received by acquiring common stock on the exercise of the warrant. |
Note_15_Commitments_and_Contin
Note 15 - Commitments and Contingencies | 3 Months Ended | |
Mar. 31, 2014 | ||
Commitments and Contingencies Disclosure [Abstract] | ' | |
Commitments and Contingencies Disclosure [Text Block] | ' | |
-15 | Commitments and Contingencies | |
The Bank issued standby letters of credit which guarantee the performance of customers to third parties. The standby letters of credit issued and available at March 31, 2014 were approximately $1.1 million, expire over the next two years, and 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_16_Business_Segments
Note 16 - Business Segments | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||
-16 | Business Segments | ||||||||||||||||
The Bank has been identified as a reportable operating segment in accordance with the provisions of ASC 280. HMN did not meet the quantitative thresholds for determining reportable segments 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 equity. Each corporation is managed separately with its own officers and board of directors, some of whom may overlap between the corporations. | |||||||||||||||||
The following table sets forth certain information about the reconciliations of reported profit and assets for each of the Company’s reportable segments. | |||||||||||||||||
(Dollars in thousands) | Home Federal | Other | Eliminations | Consolidated | |||||||||||||
Savings Bank | Total | ||||||||||||||||
At or for the quarter ended March 31, 2014: | |||||||||||||||||
Interest income - external customers | $ | 5,427 | 0 | 0 | 5,427 | ||||||||||||
Non-interest income - external customers | 1,688 | 0 | 0 | 1,688 | |||||||||||||
Intersegment interest income | 0 | 0 | 0 | 0 | |||||||||||||
Intersegment non-interest income | 45 | 1,714 | (1,759 | ) | 0 | ||||||||||||
Interest expense | 334 | 0 | 0 | 334 | |||||||||||||
Non-interest expense | 5,534 | 208 | (45 | ) | 5,697 | ||||||||||||
Income tax expense (benefit) | 1,188 | (126 | ) | 0 | 1,062 | ||||||||||||
Net income | 1,714 | 1,632 | (1,714 | ) | 1,632 | ||||||||||||
Total assets | 619,809 | 92,262 | (91,296 | ) | 620,775 | ||||||||||||
At or for the quarter ended March 31, 2013: | |||||||||||||||||
Interest income - external customers | $ | 6,323 | 0 | 0 | 6,323 | ||||||||||||
Non-interest income - external customers | 1,874 | 0 | 0 | 1,874 | |||||||||||||
Intersegment interest income | 0 | 1 | (1 | ) | 0 | ||||||||||||
Intersegment non-interest income | 46 | 983 | (1,029 | ) | 0 | ||||||||||||
Interest expense | 1,393 | 0 | (1 | ) | 1,392 | ||||||||||||
Non-interest expense | 5,865 | 220 | (46 | ) | 6,039 | ||||||||||||
Income tax expense | 0 | 25 | 0 | 25 | |||||||||||||
Net income | 985 | 739 | (983 | ) | 741 | ||||||||||||
Total assets | 626,896 | 64,746 | (64,556 | ) | 627,086 | ||||||||||||
Note_5_Fair_Value_Measurements1
Note 5 - Fair Value Measurements (Tables) | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||||||
Carrying value at March 31, 2014 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Securities available for sale | $ | 102,493 | 0 | 102,493 | 0 | ||||||||||||||||
Mortgage loan commitments | 10 | 0 | 10 | 0 | |||||||||||||||||
Total | $ | 102,503 | 0 | 102,503 | 0 | ||||||||||||||||
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 | ||||||||||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | ||||||||||||||||||||
Carrying value at March 31, 2014 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Three months ended | ||||||||||||||||
31-Mar-14 | |||||||||||||||||||||
total gains (losses) | |||||||||||||||||||||
Loans held for sale | $ | 1,425 | 0 | 1,425 | 0 | 24 | |||||||||||||||
Mortgage servicing rights | 1,630 | 0 | 1,630 | 0 | 0 | ||||||||||||||||
Loans(1) | 13,671 | 0 | 13,671 | 0 | (133 | ) | |||||||||||||||
Real estate, net(2) | 6,439 | 0 | 6,439 | 0 | (100 | ) | |||||||||||||||
Total | $ | 23,165 | 0 | 23,165 | 0 | (209 | ) | ||||||||||||||
Carrying value at December 31, 2013 | |||||||||||||||||||||
(Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | Year ended | ||||||||||||||||
December 31, 2013 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 | ) |
Note_6_Fair_Value_of_Financial1
Note 6 - Fair Value of Financial Instruments (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||
Fair value hierarchy | Fair value hierarchy | ||||||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | Carrying | Estimated | Level 1 | Level 2 | Level 3 | Contract | Carrying | Estimated | Level 1 | Level 2 | Level 3 | Contract amount | |||||||||||||||||||||||||||||||
amount | fair value | amount | amount | fair value | |||||||||||||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 100,016 | 100,016 | 100,016 | 120,686 | 120,686 | 120,686 | ||||||||||||||||||||||||||||||||||||
Securities available for sale | 102,493 | 102,493 | 102,493 | 107,956 | 107,956 | 107,956 | |||||||||||||||||||||||||||||||||||||
Loans held for sale | 1,425 | 1,425 | 1,425 | 1,502 | 1,502 | 1,502 | |||||||||||||||||||||||||||||||||||||
Loans receivable, net | 383,020 | 383,925 | 383,925 | 384,615 | 388,263 | 388,263 | |||||||||||||||||||||||||||||||||||||
Federal Home Loan Bank stock | 777 | 777 | 777 | 784 | 784 | 784 | |||||||||||||||||||||||||||||||||||||
Accrued interest receivable | 1,892 | 1,892 | 1,892 | 1,953 | 1,953 | 1,953 | |||||||||||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||||||||||||
Deposits | 522,383 | 522,383 | 522,383 | 553,930 | 553,930 | 553,930 | |||||||||||||||||||||||||||||||||||||
Accrued interest payable | 107 | 107 | 107 | 146 | 146 | 146 | |||||||||||||||||||||||||||||||||||||
Off-balance sheet financial | |||||||||||||||||||||||||||||||||||||||||||
instruments: | |||||||||||||||||||||||||||||||||||||||||||
Commitments to extend credit | 10 | 10 | 126,248 | 2 | 2 | 126,871 | |||||||||||||||||||||||||||||||||||||
Commitments to sell loans | (30 | ) | (30 | ) | 2,527 | (22 | ) | (22 | ) | 2,025 |
Note_7_Other_Comprehensive_Inc1
Note 7 - Other Comprehensive Income (Loss) (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||
For the period ended March 31, | |||||||||||||||||||||||||
(Dollars in thousands) | 2014 | 2013 | |||||||||||||||||||||||
Securities available for sale: | Before tax | Tax effect | Net of tax | Before tax | Tax effect | Net of tax | |||||||||||||||||||
Net unrealized gains (losses) arising during the period | $ | 239 | 58 | 181 | (146 | ) | 0 | (146 | ) | ||||||||||||||||
Other comprehensive income (loss) | $ | 239 | 58 | 181 | (146 | ) | 0 | (146 | ) |
Note_8_Securities_Available_Fo1
Note 8 - Securities Available For Sale (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||||||
Less than twelve months | Twelve months or more | Total | |||||||||||||||||||||||||||||||
(Dollars in thousands) | # of | Fair | Unrealized Losses | # of | Fair | Unrealized Losses | Fair | Unrealized Losses | |||||||||||||||||||||||||
Investments | Value | Investments | Value | Value | |||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 17 | $ | 81,627 | (398 | ) | 0 | $ | 0 | 0 | $ | 81,627 | (398 | ) | ||||||||||||||||||||
Corporate preferred stock | 0 | 0 | 0 | 1 | 315 | (385 | ) | 315 | (385 | ) | |||||||||||||||||||||||
Total temporarily impaired securities | 17 | $ | 81,627 | (398 | ) | 1 | $ | 315 | (385 | ) | $ | 81,942 | (783 | ) | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Less than twelve months | Twelve months or more | Total | |||||||||||||||||||||||||||||||
(Dollars in thousands) | # 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 | ) | |||||||||||||||||||
Available-for-sale Securities [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized cost | Gross unrealized gains | Gross unrealized losses | Fair value | |||||||||||||||||||||||||||||
March 31, 2014: | |||||||||||||||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||||||||||||||
Federal Home Loan Mortgage Corporation (FHLMC) | $ | 2,282 | 146 | 0 | 2,428 | ||||||||||||||||||||||||||||
Federal National Mortgage Association (FNMA) | 1,920 | 114 | 0 | 2,034 | |||||||||||||||||||||||||||||
4,202 | 260 | 0 | 4,462 | ||||||||||||||||||||||||||||||
Other marketable securities: | |||||||||||||||||||||||||||||||||
U.S. Government agency obligations | 98,026 | 21 | (398 | ) | 97,649 | ||||||||||||||||||||||||||||
Corporate preferred stock | 700 | 0 | (385 | ) | 315 | ||||||||||||||||||||||||||||
Corporate equity | 58 | 9 | 0 | 67 | |||||||||||||||||||||||||||||
98,784 | 30 | (783 | ) | 98,031 | |||||||||||||||||||||||||||||
$ | 102,986 | 290 | (783 | ) | 102,493 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized cost | Gross unrealized gains | Gross unrealized losses | Fair value | |||||||||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amortized | Fair | |||||||||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||||||||||
Due less than one year | $ | 65,758 | 65,557 | ||||||||||||||||||||||||||||||
Due after one year through five years | 36,457 | 36,540 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 13 | 14 | |||||||||||||||||||||||||||||||
Due after ten years | 758 | 382 | |||||||||||||||||||||||||||||||
Total | $ | 102,986 | 102,493 |
Note_9_Loans_Receivable_Net_Ta
Note 9 - Loans Receivable, Net (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Receivables [Abstract] | ' | ||||||||
Summary Of Loans Receivable Table [Text Block] | ' | ||||||||
(Dollars in thousands) | March 31, | December 31, | |||||||
2014 | 2013 | ||||||||
1-4 family | $ | 75,240 | 76,467 | ||||||
Commercial real estate: | |||||||||
Residential developments | 27,217 | 32,984 | |||||||
Other | 167,525 | 161,466 | |||||||
194,742 | 194,450 | ||||||||
Consumer | 53,518 | 53,423 | |||||||
Commercial business: | |||||||||
Construction industry | 4,464 | 6,334 | |||||||
Other | 64,206 | 65,375 | |||||||
68,670 | 71,709 | ||||||||
Total loans | 392,170 | 396,049 | |||||||
Less: | |||||||||
Unamortized discounts | 33 | 33 | |||||||
Net deferred loan fees | 27 | 0 | |||||||
Allowance for loan losses | 9,090 | 11,401 | |||||||
Total loans receivable, net | $ | 383,020 | 384,615 |
Note_10_Allowance_for_Loan_Los1
Note 10 - Allowance for Loan Losses and Credit Quality Information (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||
Allowance For Loan Losses And Credit Quality Information [Abstract] | ' | ||||||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
(Dollars in thousands) | 1-4 Family | Commercial | Consumer | Commercial | Total | ||||||||||||||||||||||||
Real Estate | Business | ||||||||||||||||||||||||||||
Balance, December 31, 2013 | $ | 1,628 | 6,458 | 1,106 | 2,209 | 11,401 | |||||||||||||||||||||||
Provision for losses | 84 | (1,194 | ) | 101 | (601 | ) | (1,610 | ) | |||||||||||||||||||||
Charge-offs | 0 | (935 | ) | (31 | ) | (1 | ) | (967 | ) | ||||||||||||||||||||
Recoveries | 0 | 214 | 10 | 42 | 266 | ||||||||||||||||||||||||
Balance, March 31, 2014 | $ | 1,712 | 4,543 | 1,186 | 1,649 | 9,090 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||
Allocated to: | |||||||||||||||||||||||||||||
Specific reserves | $ | 407 | 1,342 | 448 | 275 | 2,472 | |||||||||||||||||||||||
General reserves | 1,305 | 3,201 | 738 | 1,374 | 6,618 | ||||||||||||||||||||||||
Balance, March 31, 2014 | $ | 1,712 | 4,543 | 1,186 | 1,649 | 9,090 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||
Loans receivable at March 31, 2014: | |||||||||||||||||||||||||||||
Individually reviewed for impairment | $ | 2,442 | 11,824 | 979 | 898 | 16,143 | |||||||||||||||||||||||
Collectively reviewed for impairment | 72,798 | 182,918 | 52,539 | 67,772 | 376,027 | ||||||||||||||||||||||||
Ending balance | $ | 75,240 | 194,742 | 53,518 | 68,670 | 392,170 | |||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||
Classified | Unclassified | ||||||||||||||||||||||||||||
(Dollars in thousands) | Special | Substandard | Doubtful | Loss | Total | Total | Total Loans | ||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
1-4 family | $ | 729 | 5,627 | 322 | 0 | 6,678 | 68,562 | 75,240 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 12,409 | 0 | 0 | 12,409 | 14,808 | 27,217 | ||||||||||||||||||||||
Other | 5,165 | 5,871 | 0 | 0 | 11,036 | 156,489 | 167,525 | ||||||||||||||||||||||
Consumer | 0 | 529 | 150 | 299 | 978 | 52,540 | 53,518 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 398 | 0 | 0 | 398 | 4,066 | 4,464 | ||||||||||||||||||||||
Other | 703 | 4,145 | 0 | 0 | 4,848 | 59,358 | 64,206 | ||||||||||||||||||||||
$ | 6,597 | 28,979 | 472 | 299 | 36,347 | 355,823 | 392,170 | ||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
Classified | Unclassified | ||||||||||||||||||||||||||||
(Dollars in thousands) | Special | Substandard | Doubtful | Loss | Total | Total | Total | ||||||||||||||||||||||
Mention | 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 | ||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
(Dollars in thousands) | 30-59 | 60-89 | 90 Days | Total | Current | Total | Loans 90 Days or More Past Due and Still Accruing | ||||||||||||||||||||||
Days | Days | or More | Past Due | Loans | Loans | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | |||||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||
1-4 family | $ | 1,135 | 0 | 954 | 2,089 | 73,151 | 75,240 | 0 | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 0 | 0 | 0 | 27,217 | 27,217 | 0 | ||||||||||||||||||||||
Other | 17 | 0 | 0 | 17 | 167,508 | 167,525 | 0 | ||||||||||||||||||||||
Consumer | 430 | 164 | 78 | 672 | 52,846 | 53,518 | 0 | ||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 0 | 4,464 | 4,464 | 0 | ||||||||||||||||||||||
Other | 540 | 0 | 0 | 540 | 63,666 | 64,206 | 0 | ||||||||||||||||||||||
$ | 2,122 | 164 | 1,032 | 3,318 | 388,852 | 392,170 | 0 | ||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Recorded | Unpaid | Related | Recorded | Unpaid | Related | |||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 850 | 850 | 0 | 88 | 88 | 0 | ||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 7,113 | 11,739 | 0 | 8,257 | 13,636 | 0 | |||||||||||||||||||||||
Other | 51 | 51 | 0 | 52 | 52 | 0 | |||||||||||||||||||||||
Consumer | 471 | 475 | 0 | 487 | 491 | 0 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 90 | 272 | 0 | 93 | 296 | 0 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 1,592 | 1,635 | 407 | 1,800 | 1,844 | 404 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 3,785 | 4,966 | 1,184 | 7,994 | 12,725 | 2,260 | |||||||||||||||||||||||
Other | 875 | 875 | 158 | 888 | 888 | 143 | |||||||||||||||||||||||
Consumer | 508 | 508 | 448 | 429 | 429 | 382 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Other | 808 | 1,360 | 275 | 1,188 | 1,984 | 589 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 2,442 | 2,485 | 407 | 1,888 | 1,932 | 404 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 10,898 | 16,705 | 1,184 | 16,251 | 26,361 | 2,260 | |||||||||||||||||||||||
Other | 926 | 926 | 158 | 940 | 940 | 143 | |||||||||||||||||||||||
Consumer | 979 | 983 | 448 | 916 | 920 | 382 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 90 | 272 | 0 | 93 | 296 | 0 | |||||||||||||||||||||||
Other | 808 | 1,360 | 275 | 1,188 | 1,984 | 589 | |||||||||||||||||||||||
$ | 16,143 | 22,731 | 2,472 | 21,276 | 32,433 | 3,778 | |||||||||||||||||||||||
31-Mar-14 | 31-Mar-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Average | Interest | Average | Interest | |||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | $ | 469 | 4 | 1,628 | 16 | ||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 7,685 | 13 | 9,550 | 31 | |||||||||||||||||||||||||
Other | 52 | 0 | 514 | 5 | |||||||||||||||||||||||||
Consumer | 479 | 2 | 322 | 1 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction/development | 92 | 0 | 83 | 0 | |||||||||||||||||||||||||
Other | 0 | 0 | 19 | 0 | |||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||
1-4 family | 1,696 | 15 | 2,871 | 8 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 5,890 | 13 | 15,007 | 13 | |||||||||||||||||||||||||
Other | 882 | 8 | 2,642 | 3 | |||||||||||||||||||||||||
Consumer | 469 | 2 | 1,445 | 10 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction/development | 0 | 0 | 72 | 0 | |||||||||||||||||||||||||
Other | 998 | 8 | 2,250 | 8 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
1-4 family | 2,165 | 19 | 4,499 | 24 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 13,575 | 26 | 24,557 | 44 | |||||||||||||||||||||||||
Other | 934 | 8 | 3,156 | 8 | |||||||||||||||||||||||||
Consumer | 948 | 4 | 1,767 | 11 | |||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction/development | 92 | 0 | 155 | 0 | |||||||||||||||||||||||||
Other | 998 | 8 | 2,269 | 8 | |||||||||||||||||||||||||
$ | 18,712 | 65 | 36,403 | 95 | |||||||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||
(Dollars in thousands) | March 31, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
1-4 family | $ | 2,158 | $ | 1,602 | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 8,645 | 14,146 | |||||||||||||||||||||||||||
Other | 576 | 403 | |||||||||||||||||||||||||||
Consumer | 809 | 737 | |||||||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction/development | 90 | 93 | |||||||||||||||||||||||||||
Other | 152 | 515 | |||||||||||||||||||||||||||
$ | 12,430 | $ | 17,496 | ||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Accruing | Non- | Total | Accruing | Non- | Total | |||||||||||||||||||||||
Accrual | Accrual | ||||||||||||||||||||||||||||
1-4 Family | $ | 284 | 499 | 783 | 285 | 624 | 909 | ||||||||||||||||||||||
Commercial real estate | 2,603 | 9,140 | 11,743 | 2,642 | 13,817 | 16,459 | |||||||||||||||||||||||
Consumer | 170 | 582 | 752 | 180 | 533 | 713 | |||||||||||||||||||||||
Commercial business | 656 | 267 | 923 | 673 | 475 | 1,148 | |||||||||||||||||||||||
$ | 3,713 | 10,488 | 14,201 | 3,780 | 15,449 | 19,229 | |||||||||||||||||||||||
Financial Effects Of Troubled Debt Restructurings And Difference Between Outstanding Recorded Balance Pre Modification And Post Modification Table [Text Block] | ' | ||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||
31-Mar-14 | 31-Mar-13 | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number of | Pre- | Post-Modification Outstanding Recorded | Number of | Pre- | Post-Modification Outstanding Recorded | |||||||||||||||||||||||
Contracts | Modification Outstanding Recorded | Investment | Contracts | Modification Outstanding Recorded | Investment | ||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||
1-4 family | 0 | $ | 0 | $ | 0 | 0 | $ | 0 | $ | 0 | |||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||
Residential developments | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 2 | 75 | 75 | |||||||||||||||||||||||
Consumer | 2 | 93 | 94 | 4 | 114 | 115 | |||||||||||||||||||||||
Commercial business: | |||||||||||||||||||||||||||||
Construction industry | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Other | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Total | 2 | $ | 93 | $ | 94 | 6 | $ | 189 | $ | 190 |
Note_11_Investment_in_Mortgage1
Note 11 - Investment in Mortgage Servicing Rights (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Transfers and Servicing [Abstract] | ' | ||||||||||||||||
Servicing Liability at Amortized Cost [Table Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | Three Months ended | Twelve Months ended | Three Months ended | ||||||||||||||
31-Mar-14 | 31-Dec-13 | 31-Mar-13 | |||||||||||||||
Balance, beginning of period | $ | 1,708 | 1,732 | 1,732 | |||||||||||||
Originations | 38 | 568 | 212 | ||||||||||||||
Amortization | (116 | ) | (592 | ) | (161 | ) | |||||||||||
Balance, end of period | $ | 1,630 | 1,708 | 1,783 | |||||||||||||
Fair value of mortgage servicing rights | $ | 2,739 | 2,801 | 2,395 | |||||||||||||
Summary Of Risk Characteristics Of Loans Being Serviced Table [Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | Loan | Weighted | Weighted | Number | |||||||||||||
Principal | Average | Average | of Loans | ||||||||||||||
Balance | Interest | Remaining | |||||||||||||||
Rate | Term (months) | ||||||||||||||||
Original term 30 year fixed rate | $ | 203,085 | 4.35 | % | 300 | 1,738 | |||||||||||
Original term 15 year fixed rate | 117,459 | 3.4 | 143 | 1,326 | |||||||||||||
Adjustable rate | 198 | 3.88 | 320 | 5 | |||||||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | ||||||||||||||||
31-Mar-14 | |||||||||||||||||
(Dollars in thousands) | Gross | Accumulated | Unamortized | ||||||||||||||
Carrying | Amortization | Mortgage | |||||||||||||||
Amount | Servicing Rights | ||||||||||||||||
Mortgage servicing rights | $ | 3,621 | (1,991 | ) | 1,630 | ||||||||||||
Total | $ | 3,621 | (1,991 | ) | 1,630 | ||||||||||||
31-Mar-13 | |||||||||||||||||
(Dollars in thousands) | Gross | Accumulated | Unamortized | ||||||||||||||
Carrying | Amortization | Mortgage | |||||||||||||||
Amount | Servicing Rights | ||||||||||||||||
Mortgage servicing rights | $ | 2,494 | (711 | ) | 1,783 | ||||||||||||
Total | $ | 2,494 | (711 | ) | 1,783 | ||||||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Year ending December 31, | |||||||||||||||||
2014 | $ | 316 | |||||||||||||||
2015 | 404 | ||||||||||||||||
2016 | 357 | ||||||||||||||||
2017 | 267 | ||||||||||||||||
2018 | 164 | ||||||||||||||||
Thereafter | 122 | ||||||||||||||||
$ | 1,630 |
Note_12_Earnings_per_Common_Sh1
Note 12 - Earnings per Common Share (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||
(Dollars in thousands, except per share data) | Three months ended March 31, | ||||||||
2014 | 2013 | ||||||||
Weighted average number of common shares outstanding used in basic earnings per common share calculation | 4,038,817 | 3,996,297 | |||||||
Net dilutive effect of: | |||||||||
Restricted stock awards | 548,527 | 115,507 | |||||||
Weighted average number of shares outstanding adjusted for effect of dilutive securities | 4,587,344 | 4,111,804 | |||||||
Income available to common shareholders | $ | 1,100 | 265 | ||||||
Basic earnings per common share | $ | 0.27 | 0.07 | ||||||
Diluted earnings per common share | $ | 0.24 | 0.06 |
Note_13_Regulatory_Capital_and1
Note 13 - Regulatory Capital and Oversight (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||
Adequately Capitalized | Under Prompt Corrective | ||||||||||||||||||||||||||||||||
Action Provisions(1) | |||||||||||||||||||||||||||||||||
(Dollars in thousands) | Amount | Percent of | Amount | Percent of | Amount | Percent of | Amount | Percent of | |||||||||||||||||||||||||
Assets(2) | Assets (2) | Assets(2) | Assets(2) | ||||||||||||||||||||||||||||||
Bank stockholder’s equity | $ | 90,227 | |||||||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||||||
Net unrealized loss (gain) on certain securities available for sale | 493 | ||||||||||||||||||||||||||||||||
Disallowed servicing and tax assets | (11,064 | ) | |||||||||||||||||||||||||||||||
Tier I or core capital | 79,656 | ||||||||||||||||||||||||||||||||
Tier I capital to adjusted total assets | 13.08 | % | $ | 24,359 | 4 | % | $ | 55,297 | 9.8 | % | $ | 30,449 | 5 | % | |||||||||||||||||||
Tier I capital to risk-weighted assets | 20.78 | % | $ | 15,336 | 4 | % | $ | 64,320 | 16.78 | % | $ | 23,004 | 6 | % | |||||||||||||||||||
Plus: | |||||||||||||||||||||||||||||||||
Allowable allowance for loan losses | 4,846 | ||||||||||||||||||||||||||||||||
Risk-based capital | $ | 84,502 | $ | 30,672 | $ | 53,830 | $ | 38,341 | |||||||||||||||||||||||||
Risk-based capital to risk- weighted assets | 22.04 | % | 8 | % | 14.04 | % | 10 | % |
Note_16_Business_Segments_Tabl
Note 16 - Business Segments (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||
(Dollars in thousands) | Home Federal | Other | Eliminations | Consolidated | |||||||||||||
Savings Bank | Total | ||||||||||||||||
At or for the quarter ended March 31, 2014: | |||||||||||||||||
Interest income - external customers | $ | 5,427 | 0 | 0 | 5,427 | ||||||||||||
Non-interest income - external customers | 1,688 | 0 | 0 | 1,688 | |||||||||||||
Intersegment interest income | 0 | 0 | 0 | 0 | |||||||||||||
Intersegment non-interest income | 45 | 1,714 | (1,759 | ) | 0 | ||||||||||||
Interest expense | 334 | 0 | 0 | 334 | |||||||||||||
Non-interest expense | 5,534 | 208 | (45 | ) | 5,697 | ||||||||||||
Income tax expense (benefit) | 1,188 | (126 | ) | 0 | 1,062 | ||||||||||||
Net income | 1,714 | 1,632 | (1,714 | ) | 1,632 | ||||||||||||
Total assets | 619,809 | 92,262 | (91,296 | ) | 620,775 | ||||||||||||
At or for the quarter ended March 31, 2013: | |||||||||||||||||
Interest income - external customers | $ | 6,323 | 0 | 0 | 6,323 | ||||||||||||
Non-interest income - external customers | 1,874 | 0 | 0 | 1,874 | |||||||||||||
Intersegment interest income | 0 | 1 | (1 | ) | 0 | ||||||||||||
Intersegment non-interest income | 46 | 983 | (1,029 | ) | 0 | ||||||||||||
Interest expense | 1,393 | 0 | (1 | ) | 1,392 | ||||||||||||
Non-interest expense | 5,865 | 220 | (46 | ) | 6,039 | ||||||||||||
Income tax expense | 0 | 25 | 0 | 25 | |||||||||||||
Net income | 985 | 739 | (983 | ) | 741 | ||||||||||||
Total assets | 626,896 | 64,746 | (64,556 | ) | 627,086 |
Note_1_HMN_Financial_Inc_Detai
Note 1 - HMN Financial, Inc. (Details) | 3 Months Ended |
Mar. 31, 2014 | |
Disclosure Text Block [Abstract] | ' |
Percentage Of Ownership In Subsidiaries | 100.00% |
Note_4_Derivative_Instruments_1
Note 4 - Derivative Instruments and Hedging Activities (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Note 4 - Derivative Instruments and Hedging Activities (Details) [Line Items] | ' | ' |
Increase (Decrease) in Derivative Liabilities | $3,000 | $11,000 |
Derivative, Gain (Loss) on Derivative, Net | 3,000 | -11,000 |
Mortgage Pipeline [Member] | ' | ' |
Note 4 - Derivative Instruments and Hedging Activities (Details) [Line Items] | ' | ' |
Increase (Decrease) in Derivative Assets | 9,000 | 2,000 |
Increase (Decrease) in Derivative Liabilities | 5,000 | 4,000 |
Derivative, Gain (Loss) on Derivative, Net | $4,000 | $2,000 |
Note_5_Fair_Value_Measurements2
Note 5 - Fair Value Measurements (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Note 5 - Fair Value Measurements (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | $383,020,000 | $384,615,000 |
Fully Charged-Off [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Net Amount | $0 | $0 |
Note_5_Fair_Value_Measurements3
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | $102,493 | $107,956 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Mortgage loan commitments | 0 | 0 |
Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 102,493 | 107,956 |
Mortgage loan commitments | 10 | 2 |
Total | 102,503 | 107,958 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 0 | 0 |
Mortgage loan commitments | 0 | 0 |
Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | 102,493 | 107,956 |
Mortgage loan commitments | 10 | 2 |
Total | 102,503 | 107,958 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 5 - Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Recurring basis: [Line Items] | ' | ' |
Securities available for sale | $102,493 | $107,956 |
Note_5_Fair_Value_Measurements4
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | $23,165 | $27,606 | ||
Total Gains (Losses) | -209 | -2,136 | ||
Loans Held For Sale [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | 0 | ||
Loans Held For Sale [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 1,425 | 1,502 | ||
Loans Held For Sale [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | 0 | ||
Loans Held For Sale [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 1,425 | 1,502 | ||
Total Gains (Losses) | 24 | 21 | ||
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | 0 | ||
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 1,630 | 1,708 | ||
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | 0 | ||
Mortgage Servicing Rights [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 1,630 | 1,708 | ||
Total Gains (Losses) | 0 | 0 | ||
Loans Receivable [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 5 - 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 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 13,671 | [1] | 17,498 | [1] |
Loans Receivable [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 5 - 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 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 13,671 | [1] | 17,498 | [1] |
Total Gains (Losses) | -133 | [1] | -1,728 | [1] |
Real estate, net [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | [2] | 0 | [2] |
Real estate, net [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 6,439 | [2] | 6,898 | [2] |
Real estate, net [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 0 | [2] | 0 | [2] |
Real estate, net [Member] | ' | ' | ||
Note 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 6,439 | [2] | 6,898 | [2] |
Total Gains (Losses) | -100 | [2] | -429 | [2] |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 5 - 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 5 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Nonrecurring Basis: [Line Items] | ' | ' | ||
Assets Measured at Fair Value on a Nonrecurring Basis | 23,165 | 27,606 | ||
Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 5 - 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 write-downs of 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 initialclassification as foreclosed assets. |
Note_6_Fair_Value_of_Financial2
Note 6 - Fair Value of Financial Instruments (Details) - Estimated Fair Value of Company's Financial Instruments (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | $100,016,000 | $120,686,000 | $72,995,000 | $83,660,000 |
Securities available for sale | 102,493,000 | 107,956,000 | ' | ' |
Loans held for sale | 1,425,000 | 1,502,000 | ' | ' |
Loans receivable, net | 383,020,000 | 384,615,000 | ' | ' |
Federal Home Loan Bank stock | 777,000 | 784,000 | ' | ' |
Accrued interest receivable | 1,892,000 | 1,953,000 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 522,383,000 | 553,930,000 | ' | ' |
Accrued interest payable | 107,000 | 146,000 | ' | ' |
Carrying Amount [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | 100,016,000 | 120,686,000 | ' | ' |
Securities available for sale | 102,493,000 | 107,956,000 | ' | ' |
Loans held for sale | 1,425,000 | 1,502,000 | ' | ' |
Loans receivable, net | 383,020,000 | 384,615,000 | ' | ' |
Federal Home Loan Bank stock | 777,000 | 784,000 | ' | ' |
Accrued interest receivable | 1,892,000 | 1,953,000 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 522,383,000 | 553,930,000 | ' | ' |
Accrued interest payable | 107,000 | 146,000 | ' | ' |
Commitments to extend credit | 10,000 | 2,000 | ' | ' |
Commitments to sell loans | -30,000 | -22,000 | ' | ' |
Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | 100,016,000 | 120,686,000 | ' | ' |
Securities available for sale | 102,493,000 | 107,956,000 | ' | ' |
Loans held for sale | 1,425,000 | 1,502,000 | ' | ' |
Loans receivable, net | 383,925,000 | 388,263,000 | ' | ' |
Federal Home Loan Bank stock | 777,000 | 784,000 | ' | ' |
Accrued interest receivable | 1,892,000 | 1,953,000 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 522,383,000 | 553,930,000 | ' | ' |
Accrued interest payable | 107,000 | 146,000 | ' | ' |
Commitments to extend credit | 10,000 | 2,000 | ' | ' |
Commitments to sell loans | -30,000 | -22,000 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | 100,016,000 | 120,686,000 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Securities available for sale | 102,493,000 | 107,956,000 | ' | ' |
Loans held for sale | 1,425,000 | 1,502,000 | ' | ' |
Loans receivable, net | 383,925,000 | 388,263,000 | ' | ' |
Federal Home Loan Bank stock | 777,000 | 784,000 | ' | ' |
Accrued interest receivable | 1,892,000 | 1,953,000 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits | 522,383,000 | 553,930,000 | ' | ' |
Accrued interest payable | 107,000 | 146,000 | ' | ' |
Contract Amount [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Commitments to extend credit | 126,248,000 | 126,871,000 | ' | ' |
Commitments to sell loans | $2,527,000 | $2,025,000 | ' | ' |
Note_7_Other_Comprehensive_Inc2
Note 7 - Other Comprehensive Income (Loss) (Details) - Components of Other Comprehensive Income (Loss) and Related Tax Effects (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Components of Other Comprehensive Income (Loss) and Related Tax Effects [Abstract] | ' | ' |
Net unrealized gains (losses) arising during the period | $239 | ($146) |
Net unrealized gains (losses) arising during the period | 58 | 0 |
Net unrealized gains (losses) arising during the period | 181 | -146 |
Other comprehensive income (loss) | 239 | -146 |
Other comprehensive income (loss) | 58 | 0 |
Other comprehensive income (loss) | $181 | ($146) |
Note_8_Securities_Available_Fo2
Note 8 - Securities Available For Sale (Details) - Summary of Unrealized Losses and Fair Value for Securities (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Other marketable securities: | ' | ' |
Number of Investments, Less than Twelve Months | 17 | 20 |
Fair Value, Less than Twelve Months | $81,627 | $93,390 |
Unrealized Losses, Less than Twelve Months | -398 | -637 |
Number of Investments, Twelve Months and More | 1 | 1 |
Fair Value, Twelve Months and More | 315 | 280 |
Unrealized Losses, Twelve Months and More | -385 | -420 |
Fair Value, Total | 81,942 | 93,670 |
Unrealized Losses, Total | -783 | -1,057 |
US Government Agencies Debt Securities [Member] | ' | ' |
Other marketable securities: | ' | ' |
Number of Investments, Less than Twelve Months | 17 | 20 |
Fair Value, Less than Twelve Months | 81,627 | 93,390 |
Unrealized Losses, Less than Twelve Months | -398 | -637 |
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 | 81,627 | 93,390 |
Unrealized Losses, Total | -398 | -637 |
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 | 315 | 280 |
Unrealized Losses, Twelve Months and More | -385 | -420 |
Fair Value, Total | 315 | 280 |
Unrealized Losses, Total | ($385) | ($420) |
Note_8_Securities_Available_Fo3
Note 8 - Securities Available For Sale (Details) - Summary of Securities Available for Sale (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Mortgage-backed securities: | ' | ' |
Amortized cost | $102,986 | $108,687 |
Gross Unrealized Gains | 290 | 326 |
Gross Unrealized Losses | -783 | -1,057 |
Avaiable-for-sale Securities Fair Value | 102,493 | 107,956 |
FHLMC [Member] | Mortgage-backed Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 2,282 | 2,749 |
Gross Unrealized Gains | 146 | 183 |
Gross Unrealized Losses | 0 | 0 |
Avaiable-for-sale Securities Fair Value | 2,428 | 2,932 |
FNMA [Member] | Mortgage-backed Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 1,920 | 2,150 |
Gross Unrealized Gains | 114 | 131 |
Gross Unrealized Losses | 0 | 0 |
Avaiable-for-sale Securities Fair Value | 2,034 | 2,281 |
U.S. Government Agency Obligations [Member] | Other Marketable Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 98,026 | 103,030 |
Gross Unrealized Gains | 21 | 1 |
Gross Unrealized Losses | -398 | -637 |
Avaiable-for-sale Securities Fair Value | 97,649 | 102,394 |
Corporate Preferred Stock [Member] | Other Marketable Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 700 | 700 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | -385 | -420 |
Avaiable-for-sale Securities Fair Value | 315 | 280 |
Corporate Equity Securities [Member] | Other Marketable Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 58 | 58 |
Gross Unrealized Gains | 9 | 11 |
Gross Unrealized Losses | 0 | 0 |
Avaiable-for-sale Securities Fair Value | 67 | 69 |
Mortgage-backed Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 4,202 | 4,899 |
Gross Unrealized Gains | 260 | 314 |
Gross Unrealized Losses | 0 | 0 |
Avaiable-for-sale Securities Fair Value | 4,462 | 5,213 |
Other Marketable Securities [Member] | ' | ' |
Mortgage-backed securities: | ' | ' |
Amortized cost | 98,784 | 103,788 |
Gross Unrealized Gains | 30 | 12 |
Gross Unrealized Losses | -783 | -1,057 |
Avaiable-for-sale Securities Fair Value | $98,031 | $102,743 |
Note_8_Securities_Available_Fo4
Note 8 - Securities Available For Sale (Details) - Summary of Contractual Maturity Adjusted for Scheduled Repayments of Principal and Projected Prepayments (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Summary of Contractual Maturity Adjusted for Scheduled Repayments of Principal and Projected Prepayments [Abstract] | ' | ' |
Due less than one year | $65,758 | ' |
Due less than one year | 65,557 | ' |
Due after one year through five years | 36,457 | ' |
Due after one year through five years | 36,540 | ' |
Due after five years through ten years | 13 | ' |
Due after five years through ten years | 14 | ' |
Due after ten years | 758 | ' |
Due after ten years | 382 | ' |
Total | 102,986 | ' |
Total | $102,493 | $107,956 |
Note_9_Loans_Receivable_Net_De
Note 9 - Loans Receivable, Net (Details) - Loans Receivable (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' |
Loans receivable | $392,170,000 | $396,049,000 |
Less: | ' | ' |
Unamortized discounts | 33,000 | 33,000 |
Net deferred loan fees | 27,000 | 0 |
Allowance for loan losses | 9,090,000 | 11,401,000 |
Total loans receivable, net | 383,020,000 | 384,615,000 |
1-4 Family [Member] | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' |
Loans receivable | 75,240,000 | 76,467,000 |
Residential Developments [Member] | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' |
Loans receivable | 27,217,000 | 32,984,000 |
Commercial Real Estate Other [Member] | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' |
Loans receivable | 167,525,000 | 161,466,000 |
Commercial Real Estate [Member] | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' |
Loans receivable | 194,742,000 | 194,450,000 |
Consumer [Member] | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' |
Loans receivable | 53,518,000 | 53,423,000 |
Construction Industry [Member] | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' |
Loans receivable | 4,464,000 | 6,334,000 |
Commercial Business Other [Member] | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' |
Loans receivable | 64,206,000 | 65,375,000 |
Commercial Business [Member] | ' | ' |
Note 9 - Loans Receivable, Net (Details) - Loans Receivable [Line Items] | ' | ' |
Loans receivable | $68,670,000 | $71,709,000 |
Note_10_Allowance_for_Loan_Los2
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | $12,430,000 | ' | $17,496,000 |
Loan Receivable For Which Value Of Collateral Sufficient To Repay | 7,400,000 | ' | 7,800,000 |
Financing Receivable, Modifications, Recorded Investment | 14,201,000 | ' | 19,229,000 |
Restructured Loans Classified Performing | 0 | ' | ' |
Restructured Loans Classified Non Performing | 100,000 | ' | ' |
Loans and Leases Receivable, Impaired, Commitment to Lend | 0 | ' | 0 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | ' |
Reserves For Loan Losses On Troubled Debt Restructurings | 1,800,000 | ' | 2,900,000 |
Percentage Reserves For Loan Losses On Troubled Debt Restructurings | 19.80% | ' | 25.60% |
Loan Loss Reserves | 9,100,000 | ' | 11,400,000 |
Non-Accuring Loans[Member] | ' | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) [Line Items] | ' | ' | ' |
Impaired Financing Receivable, Related Allowance | $2,000,000 | ' | $3,400,000 |
Note_10_Allowance_for_Loan_Los3
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Allowance for Loan Losses (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Balance | $11,401 | ' | ' |
Loans receivable at December 31, 2013: | ' | ' | ' |
Loans Individually reviewed for impairment | 16,143 | ' | 21,276 |
Loans Collectively reviewed for impairment | 376,027 | ' | 374,773 |
Total Loans | 392,170 | ' | 396,049 |
Allocated to: | ' | ' | ' |
Specific reserves | 2,472 | ' | 3,778 |
General reserves | 6,618 | ' | 7,623 |
Provision for losses | -1,610 | 0 | ' |
Charge-offs | -967 | ' | ' |
Recoveries | 266 | ' | ' |
Balance | 9,090 | ' | ' |
1-4 Family [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Balance | 1,628 | ' | ' |
Loans receivable at December 31, 2013: | ' | ' | ' |
Loans Individually reviewed for impairment | 2,442 | ' | 1,888 |
Loans Collectively reviewed for impairment | 72,798 | ' | 74,579 |
Total Loans | 75,240 | ' | 76,467 |
Allocated to: | ' | ' | ' |
Specific reserves | 407 | ' | 404 |
General reserves | 1,305 | ' | 1,224 |
Provision for losses | 84 | ' | ' |
Charge-offs | 0 | ' | ' |
Recoveries | 0 | ' | ' |
Balance | 1,712 | ' | ' |
Commercial Real Estate [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Balance | 6,458 | ' | ' |
Loans receivable at December 31, 2013: | ' | ' | ' |
Loans Individually reviewed for impairment | 11,824 | ' | 17,190 |
Loans Collectively reviewed for impairment | 182,918 | ' | 177,260 |
Total Loans | 194,742 | ' | 194,450 |
Allocated to: | ' | ' | ' |
Specific reserves | 1,342 | ' | 2,403 |
General reserves | 3,201 | ' | 4,055 |
Provision for losses | -1,194 | ' | ' |
Charge-offs | -935 | ' | ' |
Recoveries | 214 | ' | ' |
Balance | 4,543 | ' | ' |
Consumer Loan [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Balance | 1,106 | ' | ' |
Loans receivable at December 31, 2013: | ' | ' | ' |
Loans Individually reviewed for impairment | 979 | ' | 917 |
Loans Collectively reviewed for impairment | 52,539 | ' | 52,506 |
Total Loans | 53,518 | ' | 53,423 |
Allocated to: | ' | ' | ' |
Specific reserves | 448 | ' | 382 |
General reserves | 738 | ' | 724 |
Provision for losses | 101 | ' | ' |
Charge-offs | -31 | ' | ' |
Recoveries | 10 | ' | ' |
Balance | 1,186 | ' | ' |
Commercial Business [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Balance | 2,209 | ' | ' |
Loans receivable at December 31, 2013: | ' | ' | ' |
Loans Individually reviewed for impairment | 898 | ' | 1,281 |
Loans Collectively reviewed for impairment | 67,772 | ' | 70,428 |
Total Loans | 68,670 | ' | 71,709 |
Allocated to: | ' | ' | ' |
Specific reserves | 275 | ' | 589 |
General reserves | 1,374 | ' | 1,620 |
Provision for losses | -601 | ' | ' |
Charge-offs | -1 | ' | ' |
Recoveries | 42 | ' | ' |
Balance | $1,649 | ' | ' |
Note_10_Allowance_for_Loan_Los4
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Classified and Unclassified Loans (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | $392,170 | $396,049 |
Classified [Member] | 1-4 Family [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 729 | 738 |
Classified [Member] | 1-4 Family [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 5,627 | 6,987 |
Classified [Member] | 1-4 Family [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 322 | 322 |
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 | 6,678 | 8,047 |
Classified [Member] | Residential Developments [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
Classified [Member] | Residential Developments [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 12,409 | 19,229 |
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 | 12,409 | 19,229 |
Classified [Member] | Commercial Real Estate Other [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 5,165 | 5,337 |
Classified [Member] | Commercial Real Estate Other [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 5,871 | 13,092 |
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 | 11,036 | 18,429 |
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 | 529 | 524 |
Classified [Member] | Consumer [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 150 | 152 |
Classified [Member] | Consumer [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 299 | 240 |
Classified [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 978 | 916 |
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 | 398 | 401 |
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 | 398 | 401 |
Classified [Member] | Commercial Business Other [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 703 | 1,419 |
Classified [Member] | Commercial Business Other [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 4,145 | 6,433 |
Classified [Member] | Commercial Business Other [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 0 | 0 |
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 | 4,848 | 7,852 |
Classified [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 6,597 | 7,494 |
Classified [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 28,979 | 46,666 |
Classified [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 472 | 474 |
Classified [Member] | Loss [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 299 | 240 |
Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 36,347 | 54,874 |
Unclassified [Member] | 1-4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 68,562 | 68,420 |
Unclassified [Member] | Residential Developments [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 14,808 | 13,755 |
Unclassified [Member] | Commercial Real Estate Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 156,489 | 143,037 |
Unclassified [Member] | Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 52,540 | 52,507 |
Unclassified [Member] | Construction Industry [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 4,066 | 5,933 |
Unclassified [Member] | Commercial Business Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 59,358 | 57,523 |
Unclassified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 355,823 | 341,175 |
1-4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 75,240 | 76,467 |
Residential Developments [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 27,217 | 32,984 |
Commercial Real Estate Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 167,525 | 161,466 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 53,518 | 53,423 |
Construction Industry [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 4,464 | 6,334 |
Commercial Business Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | $64,206 | $65,375 |
Note_10_Allowance_for_Loan_Los5
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Aging of Past Due Loans (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | $2,122 | $2,760 |
60-89 Days Past Due | 164 | 3,848 |
90 Days or More Past Due | 1,032 | 379 |
Total Past Due | 3,318 | 6,987 |
Current Loans | 388,852 | 389,062 |
Total Loans | 392,170 | 396,049 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
1-4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 1,135 | 1,542 |
60-89 Days Past Due | 0 | 128 |
90 Days or More Past Due | 954 | 322 |
Total Past Due | 2,089 | 1,992 |
Current Loans | 73,151 | 74,475 |
Total Loans | 75,240 | 76,467 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Residential Developments [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 0 | 0 |
60-89 Days Past Due | 0 | 1,426 |
90 Days or More Past Due | 0 | 0 |
Total Past Due | 0 | 1,426 |
Current Loans | 27,217 | 31,558 |
Total Loans | 27,217 | 32,984 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Commercial Real Estate Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 17 | 0 |
60-89 Days Past Due | 0 | 0 |
90 Days or More Past Due | 0 | 0 |
Total Past Due | 17 | 0 |
Current Loans | 167,508 | 161,466 |
Total Loans | 167,525 | 161,466 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 430 | 418 |
60-89 Days Past Due | 164 | 256 |
90 Days or More Past Due | 78 | 57 |
Total Past Due | 672 | 731 |
Current Loans | 52,846 | 52,692 |
Total Loans | 53,518 | 53,423 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Construction Industry [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 0 | 0 |
60-89 Days Past Due | 0 | 1,934 |
90 Days or More Past Due | 0 | 0 |
Total Past Due | 0 | 1,934 |
Current Loans | 4,464 | 4,400 |
Total Loans | 4,464 | 6,334 |
Loans 90 Days or More Past Due and Still Accruing | 0 | 0 |
Commercial Business Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 540 | 800 |
60-89 Days Past Due | 0 | 104 |
90 Days or More Past Due | 0 | 0 |
Total Past Due | 540 | 904 |
Current Loans | 63,666 | 64,471 |
Total Loans | 64,206 | 65,375 |
Loans 90 Days or More Past Due and Still Accruing | $0 | $0 |
Note_10_Allowance_for_Loan_Los6
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Impaired Loans and Related Allowances (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
WIth No Related Allowance Recorded [Member] | 1-4 Family [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Recorded investment | $850 | ' | $88 |
Loans with no Related Allowance Recorded - Unpaid Principal Balance | 850 | ' | 88 |
Loans with no Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Loans with no Related Allowance Recorded - Average Recorded Investment | 469 | 1,628 | ' |
Loans with no Related Allowance Recorded - Interest Income Recognized | 4 | 16 | ' |
Loans with a Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Related Allowance | 0 | ' | 0 |
WIth No Related Allowance Recorded [Member] | Residential Developments [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Recorded investment | 7,113 | ' | 8,257 |
Loans with no Related Allowance Recorded - Unpaid Principal Balance | 11,739 | ' | 13,636 |
Loans with no Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Loans with no Related Allowance Recorded - Average Recorded Investment | 7,685 | 9,550 | ' |
Loans with no Related Allowance Recorded - Interest Income Recognized | 13 | 31 | ' |
Loans with a Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Related Allowance | 0 | ' | 0 |
WIth No Related Allowance Recorded [Member] | Commercial Real Estate Other [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Recorded investment | 51 | ' | 52 |
Loans with no Related Allowance Recorded - Unpaid Principal Balance | 51 | ' | 52 |
Loans with no Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Loans with no Related Allowance Recorded - Average Recorded Investment | 52 | 514 | ' |
Loans with no Related Allowance Recorded - Interest Income Recognized | 0 | 5 | ' |
Loans with a Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Related Allowance | 0 | ' | 0 |
WIth No Related Allowance Recorded [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Recorded investment | 471 | ' | 487 |
Loans with no Related Allowance Recorded - Unpaid Principal Balance | 475 | ' | 491 |
Loans with no Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Loans with no Related Allowance Recorded - Average Recorded Investment | 479 | 322 | ' |
Loans with no Related Allowance Recorded - Interest Income Recognized | 2 | 1 | ' |
Loans with a Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Related Allowance | 0 | ' | 0 |
WIth No Related Allowance Recorded [Member] | Construction Industry [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Recorded investment | 90 | ' | 93 |
Loans with no Related Allowance Recorded - Unpaid Principal Balance | 272 | ' | 296 |
Loans with no Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Loans with no Related Allowance Recorded - Average Recorded Investment | 92 | 83 | ' |
Loans with no Related Allowance Recorded - Interest Income Recognized | 0 | 0 | ' |
Loans with a Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Related Allowance | 0 | ' | 0 |
WIth No Related Allowance Recorded [Member] | Commercial Business Other [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Recorded investment | 0 | ' | 0 |
Loans with no Related Allowance Recorded - Unpaid Principal Balance | 0 | ' | 0 |
Loans with no Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Loans with no Related Allowance Recorded - Average Recorded Investment | 0 | 19 | ' |
Loans with no Related Allowance Recorded - Interest Income Recognized | 0 | 0 | ' |
Loans with a Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Related Allowance | 0 | ' | 0 |
With Related Allowance Recorded [Member] | 1-4 Family [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Related Allowance | 407 | ' | 404 |
Loans with a Related Allowance Recorded - Recorded investment | 1,592 | ' | 1,800 |
Loans with a Related Allowance Recorded - Unpaid Principal Balance | 1,635 | ' | 1,844 |
Loans with a Related Allowance Recorded - Related Allowance | 407 | ' | 404 |
Loans with a Related Allowance Recorded - Average Recorded Investment | 1,696 | 2,871 | ' |
Loans with a Related Allowance Recorded - Interest Income Recognized | 15 | 8 | ' |
Recorded investment | 2,442 | ' | 1,888 |
Unpaid Principal Balance | 2,485 | ' | 1,932 |
Related Allowance | 407 | ' | 404 |
Average Recorded Investment | 2,165 | 4,499 | ' |
Interest Income Recognized | 19 | 24 | ' |
With Related Allowance Recorded [Member] | Residential Developments [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Related Allowance | 1,184 | ' | 2,260 |
Loans with a Related Allowance Recorded - Recorded investment | 3,785 | ' | 7,994 |
Loans with a Related Allowance Recorded - Unpaid Principal Balance | 4,966 | ' | 12,725 |
Loans with a Related Allowance Recorded - Related Allowance | 1,184 | ' | 2,260 |
Loans with a Related Allowance Recorded - Average Recorded Investment | 5,890 | 15,007 | ' |
Loans with a Related Allowance Recorded - Interest Income Recognized | 13 | 13 | ' |
Recorded investment | 10,898 | ' | 16,251 |
Unpaid Principal Balance | 16,705 | ' | 26,361 |
Related Allowance | 1,184 | ' | 2,260 |
Average Recorded Investment | 13,575 | 24,557 | ' |
Interest Income Recognized | 26 | 44 | ' |
With Related Allowance Recorded [Member] | Commercial Real Estate Other [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Related Allowance | 158 | ' | 143 |
Loans with a Related Allowance Recorded - Recorded investment | 875 | ' | 888 |
Loans with a Related Allowance Recorded - Unpaid Principal Balance | 875 | ' | 888 |
Loans with a Related Allowance Recorded - Related Allowance | 158 | ' | 143 |
Loans with a Related Allowance Recorded - Average Recorded Investment | 882 | 2,642 | ' |
Loans with a Related Allowance Recorded - Interest Income Recognized | 8 | 3 | ' |
Recorded investment | 926 | ' | 940 |
Unpaid Principal Balance | 926 | ' | 940 |
Related Allowance | 158 | ' | 143 |
Average Recorded Investment | 934 | 3,156 | ' |
Interest Income Recognized | 8 | 8 | ' |
With Related Allowance Recorded [Member] | Consumer [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Related Allowance | 448 | ' | 382 |
Loans with a Related Allowance Recorded - Recorded investment | 508 | ' | 429 |
Loans with a Related Allowance Recorded - Unpaid Principal Balance | 508 | ' | 429 |
Loans with a Related Allowance Recorded - Related Allowance | 448 | ' | 382 |
Loans with a Related Allowance Recorded - Average Recorded Investment | 469 | 1,445 | ' |
Loans with a Related Allowance Recorded - Interest Income Recognized | 2 | 10 | ' |
Recorded investment | 979 | ' | 916 |
Unpaid Principal Balance | 983 | ' | 920 |
Related Allowance | 448 | ' | 382 |
Average Recorded Investment | 948 | 1,767 | ' |
Interest Income Recognized | 4 | 11 | ' |
With Related Allowance Recorded [Member] | Construction Industry [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Loans with a Related Allowance Recorded - Recorded investment | 0 | ' | 0 |
Loans with a Related Allowance Recorded - Unpaid Principal Balance | 0 | ' | 0 |
Loans with a Related Allowance Recorded - Related Allowance | 0 | ' | 0 |
Loans with a Related Allowance Recorded - Average Recorded Investment | 0 | 72 | ' |
Loans with a Related Allowance Recorded - Interest Income Recognized | 0 | 0 | ' |
Recorded investment | 90 | ' | 93 |
Unpaid Principal Balance | 272 | ' | 296 |
Related Allowance | 0 | ' | 0 |
Average Recorded Investment | 92 | 155 | ' |
Interest Income Recognized | 0 | 0 | ' |
With Related Allowance Recorded [Member] | Commercial Business Other [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Related Allowance | 275 | ' | 589 |
Loans with a Related Allowance Recorded - Recorded investment | 808 | ' | 1,188 |
Loans with a Related Allowance Recorded - Unpaid Principal Balance | 1,360 | ' | 1,984 |
Loans with a Related Allowance Recorded - Related Allowance | 275 | ' | 589 |
Loans with a Related Allowance Recorded - Average Recorded Investment | 998 | 2,250 | ' |
Loans with a Related Allowance Recorded - Interest Income Recognized | 8 | 8 | ' |
Recorded investment | 808 | ' | 1,188 |
Unpaid Principal Balance | 1,360 | ' | 1,984 |
Related Allowance | 275 | ' | 589 |
Average Recorded Investment | 998 | 2,269 | ' |
Interest Income Recognized | 8 | 8 | ' |
With Related Allowance Recorded [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Loans with no Related Allowance Recorded - Related Allowance | 2,472 | ' | 3,778 |
Loans with a Related Allowance Recorded - Related Allowance | 2,472 | ' | 3,778 |
Recorded investment | 16,143 | ' | 21,276 |
Unpaid Principal Balance | 22,731 | ' | 32,433 |
Related Allowance | 2,472 | ' | 3,778 |
Average Recorded Investment | 18,712 | 36,403 | ' |
Interest Income Recognized | $65 | $95 | ' |
Note_10_Allowance_for_Loan_Los7
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | $12,430 | $17,496 |
1-4 Family [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | 2,158 | 1,602 |
Residential Developments [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | 8,645 | 14,146 |
Commercial Real Estate Other [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | 576 | 403 |
Consumer [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | 809 | 737 |
Construction Development [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | 90 | 93 |
Commercial Business Other [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Non-Accrual Loans [Line Items] | ' | ' |
Non-accruing loans | $152 | $515 |
Note_10_Allowance_for_Loan_Los8
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Troubled Debt Restructurings (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual | $3,713 | $3,780 |
Non-Accrual | 10,488 | 15,449 |
Total | 14,201 | 19,229 |
1-4 Family [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual | 284 | 285 |
Non-Accrual | 499 | 624 |
Total | 783 | 909 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual | 2,603 | 2,642 |
Non-Accrual | 9,140 | 13,817 |
Total | 11,743 | 16,459 |
Consumer [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual | 170 | 180 |
Non-Accrual | 582 | 533 |
Total | 752 | 713 |
Commercial Business [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Accrual | 656 | 673 |
Non-Accrual | 267 | 475 |
Total | $923 | $1,148 |
Note_10_Allowance_for_Loan_Los9
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' |
Number of Contracts | 2 | 6 |
Pre-modification Outstanding Recorded Investment | $93 | $189 |
Post-modification Outstanding Recorded Investment | 94 | 190 |
1-4 Family [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' |
Number of Contracts | 0 | 0 |
Pre-modification Outstanding Recorded Investment | 0 | 0 |
Post-modification Outstanding Recorded Investment | 0 | 0 |
Residential Developments [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' |
Number of Contracts | 0 | 0 |
Pre-modification Outstanding Recorded Investment | 0 | 0 |
Post-modification Outstanding Recorded Investment | 0 | 0 |
Commercial Real Estate Other [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' |
Number of Contracts | 0 | 2 |
Pre-modification Outstanding Recorded Investment | 0 | 75 |
Post-modification Outstanding Recorded Investment | 0 | 75 |
Consumer [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' |
Number of Contracts | 2 | 4 |
Pre-modification Outstanding Recorded Investment | 93 | 114 |
Post-modification Outstanding Recorded Investment | 94 | 115 |
Construction Industry [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' |
Number of Contracts | 0 | 0 |
Pre-modification Outstanding Recorded Investment | 0 | 0 |
Post-modification Outstanding Recorded Investment | 0 | 0 |
Commercial Business Other [Member] | ' | ' |
Note 10 - Allowance for Loan Losses and Credit Quality Information (Details) - Financial Effects of TDR's and Difference Between the Outstanding Recorded Balance Pre-Modification and Post-Modification-1 [Line Items] | ' | ' |
Number of Contracts | 0 | 0 |
Pre-modification Outstanding Recorded Investment | 0 | 0 |
Post-modification Outstanding Recorded Investment | $0 | $0 |
Note_11_Investment_in_Mortgage2
Note 11 - Investment in Mortgage Servicing Rights (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Transfers and Servicing [Abstract] | ' | ' |
Amortization of Mortgage Servicing Rights (MSRs) | $116,000 | $161,000 |
Note_11_Investment_in_Mortgage3
Note 11 - Investment in Mortgage Servicing Rights (Details) - Mortgage Servicing Activity (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Mortgage Servicing Activity [Abstract] | ' | ' | ' |
Balance, beginning of period | $1,708 | $1,732 | $1,732 |
Originations | 38 | 212 | 568 |
Amortization | -116 | -161 | -592 |
Balance, end of period | 1,630 | 1,783 | 1,708 |
Fair value of mortgage servicing rights | $2,739 | $2,395 | $2,801 |
Note_11_Investment_in_Mortgage4
Note 11 - Investment in Mortgage Servicing Rights (Details) - Risk Characteristics of Loans Being Serviced (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 |
Original Term Thirty Year Fixed Rate [Member] | ' |
Note 11 - Investment in Mortgage Servicing Rights (Details) - Risk Characteristics of Loans Being Serviced [Line Items] | ' |
Loan Principal Balance (in Dollars) | $203,085 |
Weighted Average Interest Rate | 4.35% |
Weighted Average Remaining Term | '300 months |
Number of Loans | 1,738 |
Original Term Fifteen Year Fixed Rate [Member] | ' |
Note 11 - Investment in Mortgage Servicing Rights (Details) - Risk Characteristics of Loans Being Serviced [Line Items] | ' |
Loan Principal Balance (in Dollars) | 117,459 |
Weighted Average Interest Rate | 3.40% |
Weighted Average Remaining Term | '143 months |
Number of Loans | 1,326 |
Adjustable Rate [Member] | ' |
Note 11 - Investment in Mortgage Servicing Rights (Details) - Risk Characteristics of Loans Being Serviced [Line Items] | ' |
Loan Principal Balance (in Dollars) | $198 |
Weighted Average Interest Rate | 3.88% |
Weighted Average Remaining Term | '320 months |
Number of Loans | 5 |
Note_11_Investment_in_Mortgage5
Note 11 - Investment in Mortgage Servicing Rights (Details) - Mortgage Servicing Rights and Accumulated Amortization (USD $) | Mar. 31, 2014 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | $3,621 | $2,494 |
Accumulated Amortization | -1,991 | -711 |
Unamortized Mortgage Servicing Rights | 1,630 | 1,783 |
Mortgage Servicing Rights [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 3,621 | 2,494 |
Accumulated Amortization | -1,991 | -711 |
Unamortized Mortgage Servicing Rights | $1,630 | $1,783 |
Note_11_Investment_in_Mortgage6
Note 11 - Investment in Mortgage Servicing Rights (Details) - Estimated Future Amortization Expense for Mortgage Servicing Rights (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Estimated Future Amortization Expense for Mortgage Servicing Rights [Abstract] | ' | ' |
2014 | $316 | ' |
2015 | 404 | ' |
2016 | 357 | ' |
2017 | 267 | ' |
2018 | 164 | ' |
Thereafter | 122 | ' |
$1,630 | $1,708 |
Note_12_Earnings_per_Common_Sh2
Note 12 - Earnings per Common Share (Details) - Basic and Diluted Earnings (Loss) Per Share (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Note 12 - Earnings 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 | 4,038,817 | 3,996,297 |
Net dilutive effect of: | ' | ' |
Weighted average number of shares outstanding adjusted for effect of dilutive securities | 4,587,344 | 4,111,804 |
Income available to common shareholders (in Dollars) | $1,100 | $265 |
Basic earnings per common share (in Dollars per share) | $0.27 | $0.07 |
Diluted earnings per common share (in Dollars per share) | $0.24 | $0.06 |
Restricted Stock [Member] | ' | ' |
Net dilutive effect of: | ' | ' |
Restricted stock awards | 548,527 | 115,507 |
Note_13_Regulatory_Capital_and2
Note 13 - Regulatory Capital and Oversight (Details) (USD $) | Mar. 31, 2014 |
In Millions, unless otherwise specified | |
Disclosure Text Block [Abstract] | ' |
Banks Tangible Assets | $619.50 |
Adjusted Assets | 609 |
Risk Weighted Assets | $383.40 |
Note_13_Regulatory_Capital_and3
Note 13 - Regulatory Capital and Oversight (Details) - Capital Requirements under Banking Regulations (USD $) | Mar. 31, 2014 | |
In Thousands, unless otherwise specified | ||
Capital Requirements under Banking Regulations [Abstract] | ' | |
Bank stockholder’s equity | $90,227 | |
Less: | ' | |
Net unrealized loss (gain) on certain securities available for sale | 493 | |
Disallowed servicing and tax assets | -11,064 | |
Tier I or core capital | 79,656 | |
Tier I capital to adjusted total assets | 13.08% | [1] |
Tier I capital to adjusted total assets | 24,359 | |
Tier I capital to adjusted total assets | 4.00% | [1] |
Tier I capital to adjusted total assets | 55,297 | |
Tier I capital to adjusted total assets | 9.80% | [1] |
Tier I capital to adjusted total assets | 30,449 | [2] |
Tier I capital to adjusted total assets | 5.00% | [1],[2] |
Tier I capital to risk-weighted assets | 20.78% | [1] |
Tier I capital to risk-weighted assets | 15,336 | |
Tier I capital to risk-weighted assets | 4.00% | [1] |
Tier I capital to risk-weighted assets | 64,320 | |
Tier I capital to risk-weighted assets | 16.78% | [1] |
Tier I capital to risk-weighted assets | 23,004 | [2] |
Tier I capital to risk-weighted assets | 6.00% | [1],[2] |
Plus: | ' | |
Allowable allowance for loan losses | 4,846 | |
Risk-based capital | 84,502 | |
Risk-based capital | 30,672 | |
Risk-based capital | 53,830 | |
Risk-based capital | $38,341 | [2] |
Risk-based capital to risk- weighted assets | 22.04% | [1] |
Risk-based capital to risk- weighted assets | 8.00% | [1],[2] |
Risk-based capital to risk- weighted assets | 14.04% | [1] |
Risk-based capital to risk- weighted assets | 10.00% | [1],[2] |
[1] | Based upon the Bank's adjusted total assets for the purpose of the tangible and core capital ratios and risk-weighted assets for the purpose of the risk-basedcapital ratio. | |
[2] | Under the recently issued final rules, revised requirements will be phased in commencing January 1, 2015, as described below. |
Note_14_Preferred_Stock_Detail
Note 14 - Preferred Stock (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 | Mar. 31, 2014 | Apr. 11, 2014 | Apr. 11, 2014 | 15-May-14 |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | ||||
Preferred Stock [Member] | ||||||
Note 14 - Preferred Stock (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
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, Dividends Per Share, Declared (in Dollars per share) | ' | ' | ' | ' | $201.71 | ' |
Dividends Payable, Current (in Dollars) | ' | ' | ' | $5.20 | ' | ' |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | ' | ' | ' | 10,000 | ' | ' |
Preferred Stock, Redemption Price Per Share (in Dollars per share) | ' | ' | ' | $1,000 | ' | ' |
Stock Repurchase Program, Authorized Amount (in Dollars) | ' | ' | ' | $10 | ' | ' |
Preferred Stock, Shares Outstanding | ' | ' | ' | ' | ' | 16,000 |
Warrant Expiration Periods | ' | '10 years | ' | ' | ' | ' |
Note_15_Commitments_and_Contin1
Note 15 - Commitments and Contingencies (Details) (USD $) | Mar. 31, 2014 |
In Millions, unless otherwise specified | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Letters Of Credit Issued And Available Amount | $1.10 |
Note_16_Business_Segments_Deta
Note 16 - Business Segments (Details) - Company's Reportable Segments (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Segment Reporting Information [Line Items] | ' | ' |
Interest income - external customers | $5,427 | $6,323 |
Non-interest income - external customers | 1,688 | 1,874 |
Intersegment interest income | 0 | 0 |
Intersegment non-interest income | 0 | 0 |
Interest expense | 334 | 1,392 |
Non-interest expense | 5,697 | 6,039 |
Income tax expense | 1,062 | 25 |
Net income | 1,632 | 741 |
Total assets | 620,775 | 627,086 |
External Customer [Member] | Consolidation, Eliminations [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Non-interest income - external customers | 0 | 0 |
External Customer [Member] | Home Federal Savings Bank [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Non-interest income - external customers | 1,688 | 1,874 |
External Customer [Member] | Other Segments [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Non-interest income - external customers | 0 | 0 |
External Customer [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Non-interest income - external customers | 1,688 | 1,874 |
Consolidation, Eliminations [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Interest income - external customers | 0 | 0 |
Intersegment interest income | 0 | -1 |
Intersegment non-interest income | -1,759 | -1,029 |
Interest expense | 0 | -1 |
Non-interest expense | -45 | -46 |
Income tax expense | 0 | 0 |
Net income | -1,714 | -983 |
Total assets | -91,296 | -64,556 |
Home Federal Savings Bank [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Interest income - external customers | 5,427 | 6,323 |
Intersegment interest income | 0 | 0 |
Intersegment non-interest income | 45 | 46 |
Interest expense | 334 | 1,393 |
Non-interest expense | 5,534 | 5,865 |
Income tax expense | 1,188 | 0 |
Net income | 1,714 | 985 |
Total assets | 619,809 | 626,896 |
Other Segments [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Interest income - external customers | 0 | 0 |
Intersegment interest income | 0 | 1 |
Intersegment non-interest income | 1,714 | 983 |
Interest expense | 0 | 0 |
Non-interest expense | 208 | 220 |
Income tax expense | -126 | 25 |
Net income | 1,632 | 739 |
Total assets | $92,262 | $64,746 |