Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 10-May-14 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'LSB FINANCIAL CORP | ' |
Entity Central Index Key | '0000930405 | ' |
Trading Symbol | 'lsbi | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 1,567,604 |
Document Type | '10-Q | ' |
Document Period End Date | 31-Mar-14 | ' |
Amendment Flag | 'false | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Consolidated_Condensed_Balance
Consolidated Condensed Balance Sheets (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and due from banks | $17,286 | $21,961 |
Interest-bearing deposits | 5,533 | 2,237 |
Cash and cash equivalents | 22,819 | 24,198 |
Interest-bearing time deposits | 1,247 | 1,743 |
Available-for-sale securities | 62,232 | 62,705 |
Loans held for sale | 1,547 | 657 |
Total loans | 260,643 | 261,051 |
Less: Allowance for loan losses | -6,394 | -6,348 |
Net loans | 254,249 | 254,703 |
Premises and equipment, net | 8,179 | 7,933 |
Federal Home Loan Bank stock, at cost | 3,185 | 3,185 |
Bank-owned life insurance | 6,781 | 6,745 |
Interest receivable and other assets | 5,841 | 5,712 |
Total assets | 366,080 | 367,581 |
Liabilities | ' | ' |
Deposits | 312,219 | 314,620 |
Federal Home Loan Bank advances | 10,000 | 10,000 |
Interest payable and other liabilities | 2,578 | 2,234 |
Total liabilities | 324,797 | 326,854 |
Commitments and Contingencies | ' | ' |
Shareholders' Equity | ' | ' |
Common stock, $.01 par value Authorized - 7,000,000 shares Issued and outstanding 2014 - 1,566,904 shares 2013 - 1,564,838 shares, | 15 | 15 |
Additional paid-in-capital | 11,405 | 11,348 |
Retained earnings | 30,038 | 29,658 |
Accumulated other comprehensive loss | -175 | -294 |
Total shareholders' equity | 41,283 | 40,727 |
Total liabilities and shareholders' equity | $366,080 | $367,581 |
Consolidated_Condensed_Balance1
Consolidated Condensed Balance Sheets (Parentheticals) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Statement Of Financial Position [Abstract] | ' | ' |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 7,000,000 | 7,000,000 |
Common stock, shares issued | 1,566,904 | 1,564,838 |
Common stock, shares outstanding | 1,566,904 | 1,564,838 |
Consolidated_Condensed_Stateme
Consolidated Condensed Statements of Income and Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Interest and Dividend Income | ' | ' |
Loans | $2,939 | $3,477 |
Securities | ' | ' |
Taxable | 237 | 104 |
Tax-exempt | 62 | 45 |
Other | 6 | 16 |
Total interest and dividend income | 3,244 | 3,642 |
Interest Expense | ' | ' |
Deposits | 436 | 569 |
Borrowings | 59 | 78 |
Total interest expense | 495 | 647 |
Net Interest Income | 2,749 | 2,995 |
Provision for Loan Losses | ' | 400 |
Net Interest Income After Provision for Loan Losses | 2,749 | 2,595 |
Non-interest Income | ' | ' |
Deposit account service charges and fees | 264 | 272 |
Net gains on loan sales | 189 | 430 |
Net gain (loss) on other real estate owned | 3 | -2 |
Debit card fees | 142 | 141 |
Brokerage fees | 36 | 133 |
Other | 156 | 144 |
Total non-interest income | 790 | 1,118 |
Non-Interest Expense | ' | ' |
Salaries and employee benefits | 1,496 | 1,527 |
Net occupancy and equipment expense | 405 | 319 |
Computer service | 154 | 142 |
Advertising | 80 | 115 |
FDIC insurance premiums | 115 | 116 |
ATM | 76 | 73 |
Professional fees | 137 | 119 |
Other | 275 | 264 |
Total non-interest expense | 2,738 | 2,675 |
IncomeBefore Income Taxes | 801 | 1,038 |
Provision for Income Taxes | 281 | 385 |
Net Income | 520 | 653 |
Unrealized appreciation on available-for-sale securities net of taxes of $80 and $7, for 2014 and 2013, respectively | 119 | 11 |
Comprehensive income | $639 | $664 |
Basic Earnings Per Share (in dollars per share) | $0.33 | $0.42 |
Diluted Earnings Per Share (in dollars per share) | $0.33 | $0.42 |
Dividends Declared Per Share (in dollars per share) | $0.09 | $0.05 |
Consolidated_Condensed_Stateme1
Consolidated Condensed Statements of Income and Comprehensive Income (Unaudited) (Parentheticals) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Income Statement [Abstract] | ' | ' |
Tax effect of unrealized appreciation (depreciation) on available-for-sale securities | $80 | $7 |
Consolidated_Condensed_Stateme2
Consolidated Condensed Statements of Changes in Shareholders' Equity (Unaudited) (USD $) | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total |
In Thousands, unless otherwise specified | |||||
Balance at Dec. 31, 2012 | $15 | $11,121 | $27,495 | $324 | $38,955 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' |
Net income | ' | ' | 653 | ' | 653 |
Other comprehensive income | ' | ' | ' | 11 | 11 |
Stock options exercised (810 shares and 2,066 shares for 2013 and 2014 respectively) | ' | 9 | ' | ' | 9 |
Tax benefit related to stock options exercised | ' | 3 | ' | ' | 3 |
Dividends on common stock ($0.05 per share and $0.09 per share for 2013 and 2014 respectively) | ' | ' | -78 | ' | -78 |
Share-based compensation expense | ' | 1 | ' | ' | 1 |
Balance at Mar. 31, 2013 | 15 | 11,134 | 28,070 | 335 | 39,554 |
Balance at Dec. 31, 2013 | 15 | 11,348 | 29,658 | -294 | 40,727 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' |
Net income | ' | ' | 520 | ' | 520 |
Other comprehensive income | ' | ' | ' | 119 | 119 |
Stock options exercised (810 shares and 2,066 shares for 2013 and 2014 respectively) | ' | 21 | ' | ' | 21 |
Tax benefit related to stock options exercised | ' | 5 | ' | ' | 5 |
Dividends on common stock ($0.05 per share and $0.09 per share for 2013 and 2014 respectively) | ' | ' | -140 | ' | -140 |
Share-based compensation expense | ' | 31 | ' | ' | 31 |
Balance at Mar. 31, 2014 | $15 | $11,405 | $30,038 | ($175) | $41,283 |
Consolidated_Condensed_Stateme3
Consolidated Condensed Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Statement Of Stockholders Equity [Abstract] | ' | ' |
Stock options exercised (in shares) | 2,066 | 810 |
Dividends on common stock, per share (in dollars per share) | $0.09 | $0.05 |
Consolidated_Condensed_Stateme4
Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Operating Activities | ' | ' |
Net income | $520 | $653 |
Items not requiring (providing) cash | ' | ' |
Depreciation | 119 | 111 |
Provision for loan losses | ' | 400 |
Amortization of premiums and discounts on securities | 77 | 53 |
Gain (loss) on sale of other real estate owned | -3 | 2 |
Gain on sale of loans | -189 | -430 |
Loans originated for sale | -4,119 | -12,417 |
Proceeds on loans sold | 3,418 | 11,914 |
Amortization of stock options | 31 | 1 |
Changes in | ' | ' |
Interest receivable and other assets | -26 | -181 |
Interest payable and other liabilities | 264 | 255 |
Net cash provided by operating activities | 92 | 361 |
Investing Activities | ' | ' |
Net change in interest-bearing deposits | 497 | -7 |
Purchases of available-for-sale securities | -2,624 | -10,628 |
Proceeds from paydowns and maturities of available-for-sale securities | 3,219 | 598 |
Net change in loans | 278 | 6,633 |
Proceeds from sale of other real estate owned | 39 | 254 |
Purchase of premises and equipment | -365 | -199 |
Net cash provided by (used in) investing activities | 1,044 | -3,349 |
Financing Activities | ' | ' |
Net change in demand deposits, money market, NOW and savings accounts | 4,814 | 440 |
Net change in certificates of deposit | -7,215 | 280 |
Repayment of Federal Home Loan Bank advances | ' | -5,000 |
Proceeds from stock options exercised | 21 | 9 |
Tax benefits related to stock options exercised | 5 | 3 |
Dividends paid | -140 | -78 |
Net cash used in financing activities | -2,515 | -4,346 |
Decrease in Cash and Cash Equivalents | -1,379 | -7,334 |
Cash and Cash Equivalents, Beginning of Period | 24,198 | 31,421 |
Cash and Cash Equivalents, End of Period | 22,819 | 24,087 |
Supplemental Cash Flows Information | ' | ' |
Interest paid | 492 | 594 |
Income taxes paid | 440 | 650 |
Supplemental Non-Cash Disclosures | ' | ' |
Capitalization of mortgage servicing rights | 32 | 150 |
Loans transferred to other real estate owned | $176 | $162 |
General
General | 3 Months Ended |
Mar. 31, 2014 | |
General [Abstract] | ' |
General | ' |
Note 1 – General | |
The financial statements were prepared in accordance with the instructions for Form 10-Q and, therefore, do not include all of the disclosures necessary for a complete presentation of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America. These interim financial statements have been prepared on a basis consistent with the annual financial statements and include, in the opinion of management, all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the results of operations and financial position for and at the end of such interim periods. The consolidated condensed balance sheet of LSB Financial Corp. as of December 31, 2013 has been derived from the audited consolidated balance sheet of LSB Financial Corp. as of that date. | |
Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. These consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Form 10-K annual report for the fiscal year ended December 31, 2013 filed with the Securities and Exchange Commission. The results of operations for the periods are not necessarily indicative of the results to be expected for the full year. |
Principles_of_Consolidation
Principles of Consolidation | 3 Months Ended |
Mar. 31, 2014 | |
Principles Of Consolidation [Abstract] | ' |
Principles of Consolidation | ' |
Note 2 – Principles of Consolidation | |
The accompanying financial statements include the accounts of LSB Financial Corp. (“LSB Financial” or the “Company”), its wholly owned subsidiary Lafayette Savings Bank, FSB (“Lafayette Savings” or the “Bank”), and Lafayette Savings’ wholly owned subsidiaries, LSB Service Corporation and Lafayette Insurance and Investments, Inc. All significant intercompany transactions have been eliminated upon consolidation. |
Earnings_Per_Share
Earnings Per Share | 3 Months Ended | |||||||||
Mar. 31, 2014 | ||||||||||
Earnings Per Share [Abstract] | ' | |||||||||
Earnings Per Share | ' | |||||||||
Note 3 – Earnings per share | ||||||||||
Earnings per share are based upon the weighted average number of shares outstanding during the period. Diluted earnings per share further assume the issuance of any potentially dilutive shares. For the three-month period ended March 31, 2013, 41,257 shares related to stock options outstanding were dilutive and 17,116 were antidilutive. For the three-month period ended March 31, 2014, all 77,981 shares related to stock options outstanding were dilutive. The following table presents information about the number of shares used to compute earnings per share and the results of the computations: | ||||||||||
Three months ended | ||||||||||
March 31, | ||||||||||
2014 | 2013 | |||||||||
(Unaudited) | ||||||||||
Weighted average shares outstanding | 1,565,737 | 1,556,080 | ||||||||
Stock options | 8,518 | 7,584 | ||||||||
Shares used to compute diluted earnings per share | 1,574,255 | 1,563,664 | ||||||||
Basic earnings per share | $ | 0.33 | $ | 0.42 | ||||||
Diluted earnings per share | $ | 0.33 | $ | 0.42 |
Securities
Securities | 3 Months Ended | |||||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||||
Securities | ' | |||||||||||||||||||||||||
Note 4 – Securities | ||||||||||||||||||||||||||
The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities are as follows: | ||||||||||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Approximate Fair Value | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Available-for-sale Securities: | ||||||||||||||||||||||||||
March 31, 2014 (Unaudited) | ||||||||||||||||||||||||||
U.S. Government sponsored agencies | $ | 26,460 | $ | 31 | $ | (376 | ) | $ | 26,115 | |||||||||||||||||
Mortgage-backed securities– government sponsored entities | 18,797 | 127 | (171 | ) | 18,753 | |||||||||||||||||||||
Corporate bonds | 1,046 | 12 | --- | 1,058 | ||||||||||||||||||||||
State and political subdivisions | 16,227 | 183 | (104 | ) | 16,306 | |||||||||||||||||||||
$ | 62,530 | $ | 353 | $ | (651 | ) | $ | 62,232 | ||||||||||||||||||
Available-for-sale Securities: | ||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||
U.S. Government sponsored agencies | $ | 28,982 | $ | 39 | $ | (417 | ) | $ | 28,604 | |||||||||||||||||
Mortgage-backed securities–government sponsored entities | 16,704 | 122 | (227 | ) | 16,599 | |||||||||||||||||||||
Corporate bonds | 1,050 | 13 | --- | 1,063 | ||||||||||||||||||||||
State and political subdivisions | 16,465 | 172 | (198 | ) | 16,439 | |||||||||||||||||||||
$ | 63,201 | $ | 346 | $ | (842 | ) | $ | 62,705 | ||||||||||||||||||
The amortized cost and fair value of available-for-sale securities at March 31, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. | ||||||||||||||||||||||||||
Available for Sale | ||||||||||||||||||||||||||
Amortized | Fair | |||||||||||||||||||||||||
Cost | Value | |||||||||||||||||||||||||
(Unaudited; In thousands) | ||||||||||||||||||||||||||
Within one year | $ | 1,403 | $ | 1,412 | ||||||||||||||||||||||
One to five years | 35,442 | 35,321 | ||||||||||||||||||||||||
Five to ten years | 6,888 | 6,746 | ||||||||||||||||||||||||
After ten years | --- | --- | ||||||||||||||||||||||||
43,733 | 43,479 | |||||||||||||||||||||||||
Mortgage-backed securities | 18,797 | 18,753 | ||||||||||||||||||||||||
Totals | $ | 62,530 | $ | 62,232 | ||||||||||||||||||||||
The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $1.8 million at March 31, 2014 and at December 31, 2013. Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at March 31, 2014 and December 31, 2013 was $43.1 million and $40.8 million, which is approximately 69% and 65%, respectively, of the Company’s available-for-sale investment portfolio. | ||||||||||||||||||||||||||
Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these securities are temporary. Should the impairment of any of these securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. | ||||||||||||||||||||||||||
The following table shows our investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities had been in a continuous unrealized loss position at March 31, 2014 and December 31, 2013. | ||||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||||
Description of Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
March 31, 2014 (Unaudited) | ||||||||||||||||||||||||||
U.S. Government sponsored agencies | $ | 20,626 | $ | 376 | $ | --- | $ | --- | $ | 20,626 | $ | 376 | ||||||||||||||
Mortgage-backed securities–government sponsored entities | 16,162 | 171 | --- | --- | 16,162 | 171 | ||||||||||||||||||||
State and political subdivisions | 6,300 | 104 | --- | --- | 6,300 | 104 | ||||||||||||||||||||
Total temporarily impaired securities | $ | 43,088 | $ | 651 | $ | --- | $ | --- | $ | 43,088 | $ | 651 | ||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||
U.S. Government sponsored agencies | $ | 21,587 | $ | 417 | $ | --- | $ | --- | $ | 21,587 | $ | 417 | ||||||||||||||
Mortgage-backed securities–government sponsored entities | 9,781 | 226 | 7 | 1 | 9,788 | 227 | ||||||||||||||||||||
State and political subdivisions | 9,401 | 198 | --- | --- | 9,401 | 198 | ||||||||||||||||||||
Total temporarily impaired securities | $ | 40,769 | $ | 841 | $ | 7 | $ | 1 | $ | 40,776 | $ | 842 | ||||||||||||||
U.S. Government Agencies | ||||||||||||||||||||||||||
The unrealized losses on the Company’s investments in direct obligations of U.S. government agencies were caused by interest rate increases. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Company does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at March 31, 2014. | ||||||||||||||||||||||||||
Residential Mortgage-backed Securities | ||||||||||||||||||||||||||
The unrealized losses on the Company’s investment in residential mortgage-backed securities were caused by interest rate increases. The Company expects to recover the amortized cost bases over the term of the securities. Because the decline in market value is attributable to changes in interest rates and not credit quality, and because the Company does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at March 31, 2014. | ||||||||||||||||||||||||||
State and Political Subdivisions | ||||||||||||||||||||||||||
The unrealized losses on the Company’s investments in securities of state and political subdivisions were caused by interest rate increases. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Company does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at March 31, 2014. |
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 3 Months Ended | ||||||||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses | |||||||||||||||||||||||||||||||||||||
The allowance for loan losses represents management’s estimate of probable losses inherent in Lafayette Savings’ loan portfolios. In determining the appropriate amount of the allowance for loan losses, management makes numerous assumptions, estimates and assessments. | |||||||||||||||||||||||||||||||||||||
The strategy also emphasizes diversification on an industry and customer level, regular credit quality reviews and quarterly management reviews of large credit exposures and loans experiencing deterioration of credit quality. | |||||||||||||||||||||||||||||||||||||
Lafayette Savings’ allowance consists of three components: probable losses estimated from individual reviews of specific loans, probable losses estimated from historical loss rates, and probable losses resulting from economic or other deterioration above and beyond what is reflected in the first two components of the allowance. | |||||||||||||||||||||||||||||||||||||
All loans that are rated substandard and impaired, or are troubled debt restructures, are subject to individual review. Where appropriate, reserves are allocated to individual loans based on management’s estimate of the borrower’s ability to repay the loan given the availability of collateral, other sources of cash flow and legal options available to the Bank. Included in the review of individual loans are those that are impaired as provided in Financial Accounting Standards Board (“FASB”) ASC 310-10. Any allowances for impaired loans are determined by the fair value of the underlying collateral based on the discounted appraised value. Allowances for loans that are not collateral dependent are determined by the present value of expected future cash flows discounted at the loan’s effective interest rate. Historical loss rates are applied to all loans not included in the ASC 310-10 calculation. | |||||||||||||||||||||||||||||||||||||
Historical loss rates for commercial and consumer loans may be adjusted for significant qualitative factors that, in management’s judgment, reflect the impact of any current conditions on loss recognition. Factors which management considers in the analysis include the effects of the national and local economies, trends in the nature and volume of loans (delinquencies, charge-offs and non-accrual loans), changes in mix, asset quality trends, risk management and loan administration, changes in the internal lending policies and credit standards, collection practices, examination results from bank regulatory agencies and Lafayette Savings’ internal loan review. | |||||||||||||||||||||||||||||||||||||
Allowances on individual loans and historical loss rates are reviewed quarterly and adjusted as necessary based on changing borrower and/or collateral conditions and actual collection and charge-off experience. | |||||||||||||||||||||||||||||||||||||
Lafayette Savings’ primary market area for lending is Tippecanoe County, Indiana and to a lesser extent the eight surrounding counties. When evaluating the adequacy of the allowance, consideration is given to this regional geographic concentration and the closely associated effect of changing economic conditions on Lafayette Savings’ customers. | |||||||||||||||||||||||||||||||||||||
Categories of loans include: | |||||||||||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||||||||||
One- to four-family residential | $ | 97,978 | $ | 98,061 | |||||||||||||||||||||||||||||||||
Multi-family residential | 49,904 | 49,866 | |||||||||||||||||||||||||||||||||||
Commercial real estate | 73,244 | 72,030 | |||||||||||||||||||||||||||||||||||
Construction and land development | 16,117 | 15,318 | |||||||||||||||||||||||||||||||||||
Commercial | 10,121 | 11,461 | |||||||||||||||||||||||||||||||||||
Consumer and other | 1,114 | 1,160 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 16,174 | 16,050 | |||||||||||||||||||||||||||||||||||
Total loans | 264,652 | 263,946 | |||||||||||||||||||||||||||||||||||
Less | |||||||||||||||||||||||||||||||||||||
Net deferred loan fees, premiums and discounts | (434 | ) | (408 | ) | |||||||||||||||||||||||||||||||||
Undisbursed portion of loans | (3,575 | ) | (2,487 | ) | |||||||||||||||||||||||||||||||||
Allowance for loan losses | (6,394 | ) | (6,348 | ) | |||||||||||||||||||||||||||||||||
Net loans | $ | 254,249 | $ | 254,703 | |||||||||||||||||||||||||||||||||
The risk characteristics of each loan portfolio segment are as follows: | |||||||||||||||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||||||||||
Commercial loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. | |||||||||||||||||||||||||||||||||||||
Commercial Real Estate | |||||||||||||||||||||||||||||||||||||
These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type and geographic location. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. As a general rule, the Company avoids financing single purpose projects unless other underwriting factors are present to help mitigate risk. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. | |||||||||||||||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||||||||||||||
Construction loans are underwritten utilizing feasibility studies, independent appraisal reviews, sensitivity analysis of absorption and lease rates and financial analysis of the developers and property owners. Construction loans are generally based on estimates of costs and value associated with the complete project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing. | |||||||||||||||||||||||||||||||||||||
Residential, Home Equity and Consumer | |||||||||||||||||||||||||||||||||||||
With respect to residential loans that are secured by one- to four-family residences that are usually owner occupied, the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. Home equity loans are typically secured by a subordinate interest in one- to four-family residences, and consumer loans are secured by consumer assets such as automobiles or recreational vehicles. Some consumer loans are unsecured such as small installment loans and certain lines of credit. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas such as unemployment levels. Repayment can also be impacted by changes in property values on residential properties. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. | |||||||||||||||||||||||||||||||||||||
Additional information on the allocation of loan loss reserves by loan category, which does not include loans held for sale, for the three-month periods ended March 31, 2014 and March 31, 2013 and for the year ended December 31, 2013 is provided below. | |||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans for the Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | Commercial | Owner | Non-owner | Multi- | Commercial | Construction | Land | Consumer | Total | ||||||||||||||||||||||||||||
Occupied | Occupied | family | Real Estate | and | |||||||||||||||||||||||||||||||||
4-Jan | 4-Jan | Home | |||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||
(Unaudited; In thousands) | |||||||||||||||||||||||||||||||||||||
Allowance for losses | |||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 649 | $ | 753 | $ | 1,045 | $ | 1,023 | $ | 2,436 | $ | 38 | $ | 146 | $ | 258 | $ | 6,348 | |||||||||||||||||||
Provision charged to expense | (131 | ) | 19 | (10 | ) | 88 | 129 | 6 | (101 | ) | --- | --- | |||||||||||||||||||||||||
Losses charged off | --- | --- | 21 | --- | 75 | --- | --- | --- | 96 | ||||||||||||||||||||||||||||
Recoveries | 17 | --- | 55 | 1 | 4 | --- | 65 | --- | 142 | ||||||||||||||||||||||||||||
Ending balance | $ | 535 | $ | 772 | $ | 1,069 | $ | 1,112 | $ | 2,494 | $ | 44 | $ | 110 | $ | 258 | $ | 6,394 | |||||||||||||||||||
ALL individually evaluated | $ | 59 | $ | 9 | $ | 89 | $ | 65 | $ | 693 | $ | --- | $ | 1 | $ | --- | $ | 916 | |||||||||||||||||||
ALL collectively evaluated | 476 | 763 | 980 | 1,047 | 1,801 | 44 | 109 | 258 | 5,478 | ||||||||||||||||||||||||||||
Total ALL | $ | 535 | $ | 772 | $ | 1,069 | $ | 1,112 | $ | 2,494 | $ | 44 | $ | 110 | $ | 258 | $ | 6,394 | |||||||||||||||||||
Loans individually evaluated | $ | 1,191 | $ | 906 | $ | 2,810 | $ | 766 | $ | 6,617 | $ | --- | $ | 575 | $ | 90 | $ | 12,955 | |||||||||||||||||||
Loans collectively evaluated | 8,930 | 51,982 | 42,280 | 49,138 | 66,627 | 7,220 | 8,322 | 17,198 | 251,697 | ||||||||||||||||||||||||||||
Total loans evaluated | $ | 10,121 | $ | 52,888 | $ | 45,090 | $ | 49,904 | $ | 73,244 | $ | 7,220 | $ | 8,897 | $ | 17,288 | $ | 264,652 | |||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans for the Three Months Ended March 31, 2013 | |||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2013 | Commercial | Owner | Non-owner | Multi- | Commercial | Construction | Land | Consumer | Total | ||||||||||||||||||||||||||||
Occupied | Occupied | family | Real Estate | and | |||||||||||||||||||||||||||||||||
4-Jan | 4-Jan | Home | |||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||
(Unaudited; In thousands) | |||||||||||||||||||||||||||||||||||||
Allowance for losses | |||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 633 | $ | 589 | $ | 1,022 | $ | 1,055 | $ | 2,177 | $ | 62 | $ | 154 | $ | 208 | $ | 5,900 | |||||||||||||||||||
Provision charged to expense | 239 | (64 | ) | 212 | (74 | ) | 9 | (20 | ) | 129 | (31 | ) | 400 | ||||||||||||||||||||||||
Losses charged off | (29 | ) | --- | (241 | ) | --- | (51 | ) | --- | --- | --- | (321 | ) | ||||||||||||||||||||||||
Recoveries | 16 | --- | 60 | --- | --- | --- | 7 | --- | 83 | ||||||||||||||||||||||||||||
Ending balance | $ | 859 | $ | 525 | $ | 1,053 | $ | 981 | $ | 2,135 | $ | 42 | $ | 290 | $ | 177 | $ | 6,062 | |||||||||||||||||||
ALL individually evaluated | $ | --- | $ | 12 | $ | 23 | $ | 19 | $ | 243 | $ | --- | $ | --- | $ | --- | $ | 297 | |||||||||||||||||||
ALL collectively evaluated | 859 | 513 | 1,030 | 962 | 1,892 | 42 | 290 | 177 | 5,765 | ||||||||||||||||||||||||||||
Total ALL | $ | 859 | $ | 525 | $ | 1,053 | $ | 981 | $ | 2,135 | $ | 42 | $ | 290 | $ | 177 | $ | 6,062 | |||||||||||||||||||
Loans individually evaluated | $ | 20 | $ | 1,682 | $ | 5,931 | $ | 2,173 | $ | 4,131 | $ | --- | $ | 734 | $ | 91 | $ | 14,762 | |||||||||||||||||||
Loans collectively evaluated | 13,933 | 45,476 | 43,869 | 59,552 | 71,973 | 7,673 | 8,713 | 16,625 | 267,814 | ||||||||||||||||||||||||||||
Total loans evaluated | $ | 13,953 | $ | 47,158 | $ | 49,800 | $ | 61,725 | $ | 76,104 | $ | 7,673 | $ | 9,447 | $ | 16,716 | $ | 282,576 | |||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans for the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||
2013 | Commercial | Owner | Non-owner | Multi- | Commercial | Construction | Land | Consumer | Total | ||||||||||||||||||||||||||||
Occupied | Occupied | family | Real Estate | and | |||||||||||||||||||||||||||||||||
4-Jan | 4-Jan | Home | |||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||
Allowance for losses | |||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 633 | $ | 589 | $ | 1,022 | $ | 1,055 | $ | 2,177 | $ | 62 | $ | 154 | $ | 208 | $ | 5,900 | |||||||||||||||||||
Provision charged to expense | (77 | ) | 236 | 225 | (33 | ) | 278 | (24 | ) | (40 | ) | 85 | 650 | ||||||||||||||||||||||||
Losses charged off | 32 | 73 | 327 | --- | 40 | --- | 10 | 35 | 517 | ||||||||||||||||||||||||||||
Recoveries | 125 | 1 | 125 | 1 | 21 | --- | 42 | --- | 315 | ||||||||||||||||||||||||||||
Ending balance | $ | 649 | $ | 753 | $ | 1,045 | $ | 1,023 | $ | 2,436 | $ | 38 | $ | 146 | $ | 258 | $ | 6,348 | |||||||||||||||||||
ALL individually evaluated | $ | 5 | $ | 13 | $ | 30 | $ | --- | $ | 749 | $ | --- | $ | 1 | $ | --- | $ | 798 | |||||||||||||||||||
ALL collectively evaluated | 644 | 740 | 1,015 | 1,023 | 1,687 | 38 | 145 | 258 | 5,550 | ||||||||||||||||||||||||||||
Total ALL | $ | 649 | $ | 753 | $ | 1,045 | $ | 1,023 | $ | 2,436 | $ | 38 | $ | 146 | 258 | $ | 6,348 | ||||||||||||||||||||
Loans individually evaluated | $ | 1,250 | $ | 921 | $ | 2,820 | $ | 522 | $ | 6,703 | $ | --- | $ | 779 | $ | 90 | $ | 13,085 | |||||||||||||||||||
Loans collectively evaluated | 10,211 | 51,098 | 43,222 | 49,344 | 65,327 | 5,446 | 9,093 | $ | 17,120 | 250,861 | |||||||||||||||||||||||||||
Total loans evaluated | $ | 11,461 | $ | 52,019 | $ | 46,042 | $ | 49,866 | $ | 72,030 | $ | 5,446 | $ | 9,872 | $ | 17,210 | $ | 263,946 | |||||||||||||||||||
Management’s general practice is to charge down collateral dependent loans individually evaluated for impairment to the fair value of the underlying collateral. | |||||||||||||||||||||||||||||||||||||
Consistent with regulatory guidance, charge-offs on all loan segments are taken when specific loans, or portions thereof, are considered uncollectible. The Company’s policy is to promptly charge these loans off in the period the uncollectible loss is reasonably determined. | |||||||||||||||||||||||||||||||||||||
For all loan portfolio segments except one- to four-family residential properties and consumer, the Company promptly charges off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral. | |||||||||||||||||||||||||||||||||||||
The Company charges off one- to four-family residential and consumer loans, or portions thereof, when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance which provides for the charge-down of one- to four-family first and junior lien mortgages to the net realizable value less costs to sell when the loan is 120 days past due, charge-off of unsecured open-end loans when the loan is 120 days past due, and charge-down to the net realizable value when other secured loans are 120 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off. Charge-offs may be taken sooner than the above-referenced timeframes if circumstances warrant. | |||||||||||||||||||||||||||||||||||||
The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. | |||||||||||||||||||||||||||||||||||||
The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the prior four years. Management believes the four year historical loss experience methodology is appropriate in the current economic environment, as it captures loss rates that are comparable to the current period being analyzed. | |||||||||||||||||||||||||||||||||||||
We rate all loans by credit quality using the following designations: | |||||||||||||||||||||||||||||||||||||
GRADE 1 - Pass, superior credit quality | |||||||||||||||||||||||||||||||||||||
Loans of the highest quality. Financial strength of the borrower (exhibited by extremely low debt-to-income ratios/high debt-service coverage, low loan-to-value ratio, and clean credit history) is such that no loss is anticipated. Probability of serious or rapid deterioration is extremely small. | |||||||||||||||||||||||||||||||||||||
GRADE 2 - Pass, good credit quality | |||||||||||||||||||||||||||||||||||||
Loans of good quality. Overall above average credit, with strong capacity to repay (exhibited by higher debt-to-income ratios/lower debt-service coverage than Grade 1, but still better than average levels), sound credit history and employment. Loan-to-value is not as strong as Grade 1, but is greater than Grade 3. Minor loss exposure with the probability of serious financial deterioration unlikely. | |||||||||||||||||||||||||||||||||||||
GRADE 3 - Pass, low risk | |||||||||||||||||||||||||||||||||||||
Loans of satisfactory quality. Average quality due to average capacity to repay (exhibited by higher debt-to-income ratios/lower debt-service coverage than Grade 2 but better than levels requiring Loan Committee approval), employment, credit history, loan-to-value ratio, or paying habits. Deterioration possible if adverse factors occur. | |||||||||||||||||||||||||||||||||||||
GRADE 4 - Pass, acceptable risk | |||||||||||||||||||||||||||||||||||||
Loans of marginal, but acceptable quality due to below average capacity to repay (exhibited by high debt-to-income ratios/low debt-service coverage), high loan-to-value, or poor paying habits. Deterioration likely if adverse factors occur. | |||||||||||||||||||||||||||||||||||||
GRADE W-4 - Pass, watch list credit | |||||||||||||||||||||||||||||||||||||
These loans have the same characteristics as standard Grade 4 loans, with an added significant weakness such as the global debt-service coverage of the borrower being below 1.00. Such loans should have no delinquencies within the previous 12 months. | |||||||||||||||||||||||||||||||||||||
GRADE 5 - Special Mention | |||||||||||||||||||||||||||||||||||||
Loans in this classification are in a state of change that could adversely affect paying ability, collateral value or which require monthly monitoring to protect the asset value. | |||||||||||||||||||||||||||||||||||||
GRADE 6 - Substandard | |||||||||||||||||||||||||||||||||||||
A substandard asset with a defined weakness. Heavy debt condition, deterioration of collateral, poor paying habits, or conditions present that unless deficiencies are corrected will result in some loss. Loans 90 or more days past due should be automatically included in this grade. | |||||||||||||||||||||||||||||||||||||
GRADE 7 - Doubtful | |||||||||||||||||||||||||||||||||||||
Poor quality. Loans in this group are characterized by less than adequate collateral and all of the characteristics of a loan classified as substandard. The possibility of a loss is extremely high, but factors may be underway to minimize the loss or maximize the recovery. | |||||||||||||||||||||||||||||||||||||
GRADE 8 - Loss | |||||||||||||||||||||||||||||||||||||
Loans classified loss are considered uncollectible and of such little value that their continuance as an asset is not warranted. | |||||||||||||||||||||||||||||||||||||
Interest income on loans individually classified as impaired is recognized on a cash basis after all past due and current principal payments have been made. | |||||||||||||||||||||||||||||||||||||
Subsequent payments on non-accrual loans are recorded as a reduction of principal, and interest income is recorded only after principal recovery is reasonably assured. Non-accrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Company requires a period of satisfactory performance of not less than six months before returning a non-accrual loan to accrual status. | |||||||||||||||||||||||||||||||||||||
The following table provides an analysis of loan quality using the above designations, based on property type at March 31, 2014. | |||||||||||||||||||||||||||||||||||||
Credit Rating | Commercial | Owner | Non-owner | Multi- | Commercial | Construction | Land | Consumer | Total | ||||||||||||||||||||||||||||
Occupied | Occupied | Family | Real Estate | and | |||||||||||||||||||||||||||||||||
4-Jan | 4-Jan | Home | |||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||
(Unaudited; In thousands) | |||||||||||||||||||||||||||||||||||||
1- Superior | $ | 18 | $ | 3,450 | $ | 220 | $ | --- | $ | 96 | $ | --- | $ | 76 | $ | 1,772 | $ | 5,632 | |||||||||||||||||||
2 - Good | 2,177 | 26,423 | 3,741 | 158 | 12,546 | 2,747 | 1,715 | 11,260 | 60,767 | ||||||||||||||||||||||||||||
3 - Pass Low risk | 4,002 | 16,153 | 10,477 | 21,882 | 20,449 | 3,609 | 4,518 | 3,569 | 84,659 | ||||||||||||||||||||||||||||
4 - Pass | 1,968 | 4,904 | 22,835 | 19,497 | 22,021 | 864 | 1,696 | 587 | 74,372 | ||||||||||||||||||||||||||||
4W - Watch | 68 | 983 | 3,678 | 6,610 | 9,390 | --- | 75 | 63 | 20,867 | ||||||||||||||||||||||||||||
5 - Special mention | --- | 270 | 1,145 | 1,696 | 600 | --- | 317 | 37 | 4,065 | ||||||||||||||||||||||||||||
6 - Substandard | 1,888 | 705 | 2,994 | 61 | 8,142 | --- | 500 | --- | 14,290 | ||||||||||||||||||||||||||||
7 - Doubtful | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||
8 - Loss | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||
Total | $ | 10,121 | $ | 52,888 | $ | 45,090 | $ | 49,904 | $ | 73,244 | $ | 7,220 | $ | 8,897 | $ | 17,288 | $ | 264,652 | |||||||||||||||||||
The following table provides an analysis of loan quality using the above designations, based on property type at December 31, 2013. | |||||||||||||||||||||||||||||||||||||
Credit Rating | Commercial | Owner | Non-owner | Multi- | Commercial | Construction | Land | Consumer | Total | ||||||||||||||||||||||||||||
Occupied | Occupied | Family | Real Estate | and | |||||||||||||||||||||||||||||||||
4-Jan | 4-Jan | Home | |||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
1- Superior | $ | 20 | $ | 3,703 | $ | 427 | $ | --- | $ | 98 | $ | --- | $ | 139 | $ | 1,854 | $ | 6,241 | |||||||||||||||||||
2 - Good | 1,528 | 24,965 | 3,307 | 1,755 | 10,784 | 2,393 | 1,752 | 11,419 | 57,903 | ||||||||||||||||||||||||||||
3 - Pass Low risk | 3,872 | 16,321 | 10,896 | 22,131 | 16,340 | 2,806 | 4,552 | 3,274 | 80,192 | ||||||||||||||||||||||||||||
4 - Pass | 3,035 | 5,088 | 22,579 | 19,006 | 23,604 | 247 | 2,239 | 589 | 76,387 | ||||||||||||||||||||||||||||
4W - Watch | 860 | 926 | 4,518 | 5,447 | 12,397 | --- | 85 | 35 | 24,268 | ||||||||||||||||||||||||||||
5 - Special mention | --- | 274 | 1,248 | 1,461 | 343 | --- | 412 | 38 | 3,776 | ||||||||||||||||||||||||||||
6 - Substandard | 2,146 | 742 | 3,067 | 66 | 8,464 | --- | 693 | 1 | 15,179 | ||||||||||||||||||||||||||||
7 - Doubtful | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||
8 - Loss | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||
Total | $ | 11,461 | $ | 52,019 | $ | 46,042 | $ | 49,866 | $ | 72,030 | $ | 5,446 | $ | 9,872 | $ | 17,210 | $ | 263,946 | |||||||||||||||||||
Analyses of past due loans segregated by loan type as of March 31, 2014 and December 31, 2013 are provided below. | |||||||||||||||||||||||||||||||||||||
Loan Portfolio Aging Analysis as of March 31, 2014 | |||||||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Over 90 Days | Total Past Due | Current | Total Loans | Under 90 Days | Total 90 Days | ||||||||||||||||||||||||||||||
and Not Accruing | and Accruing | ||||||||||||||||||||||||||||||||||||
(Unaudited; In thousands) | |||||||||||||||||||||||||||||||||||||
Commercial | $ | --- | $ | --- | $ | 140 | $ | 140 | $ | 9,981 | $ | 10,121 | $ | --- | $ | --- | |||||||||||||||||||||
Owner occupied 1-4 | 25 | 72 | --- | 97 | 52,791 | 52,888 | 519 | --- | |||||||||||||||||||||||||||||
Non-owner occupied 1-4 | --- | --- | 1,048 | 1,048 | 44,042 | 45,090 | 605 | --- | |||||||||||||||||||||||||||||
Multi-family | --- | --- | --- | --- | 49,904 | 49,904 | 61 | --- | |||||||||||||||||||||||||||||
Commercial real estate | 15 | 85 | --- | 100 | 73,144 | 73,244 | 15 | --- | |||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | 7,220 | 7,220 | --- | --- | |||||||||||||||||||||||||||||
Land | --- | --- | --- | --- | 8,897 | 8,897 | --- | --- | |||||||||||||||||||||||||||||
Consumer and home equity | 6 | --- | --- | 6 | 17,282 | 17,288 | --- | --- | |||||||||||||||||||||||||||||
Total | $ | 46 | $ | 157 | $ | 1,188 | $ | 1,391 | $ | 263,261 | $ | 264,652 | $ | 1,200 | $ | --- | |||||||||||||||||||||
Loan Portfolio Aging Analysis as of December 31, 2013 | |||||||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Over 90 Days | Total Past Due | Current | Total Loans | Under 90 Days | Total 90 Days | ||||||||||||||||||||||||||||||
and Not Accruing | and Accruing | ||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Commercial | $ | --- | $ | 140 | $ | --- | $ | 140 | $ | 11,321 | $ | 11,461 | $ | --- | $ | --- | |||||||||||||||||||||
Owner occupied 1-4 | 84 | --- | --- | 84 | 51,935 | 52,019 | 553 | --- | |||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 362 | 183 | 1,152 | 1,697 | 44,345 | 46,042 | 554 | --- | |||||||||||||||||||||||||||||
Multi-family | --- | 65 | --- | 65 | 49,801 | 49,866 | 65 | --- | |||||||||||||||||||||||||||||
Commercial real estate | --- | --- | 111 | 111 | 71,919 | 72,030 | 16 | --- | |||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | 5,446 | 5,446 | --- | --- | |||||||||||||||||||||||||||||
Land | 35 | --- | 121 | 156 | 9,716 | 9,872 | --- | --- | |||||||||||||||||||||||||||||
Consumer and home equity | 2 | --- | --- | 2 | 17,208 | 17,210 | --- | --- | |||||||||||||||||||||||||||||
Total | $ | 483 | $ | 388 | $ | 1,384 | $ | 2,255 | $ | 261,691 | $ | 263,946 | $ | 1,188 | $ | --- | |||||||||||||||||||||
Impaired loans are those for which we believe it is probable that we will not collect all principal and interest due in accordance with the original terms of the loan agreement. The following tables present impaired loans and interest recognized on them for the quarter ended March 31, 2014 and impaired loans for the year ended December 31, 2013 and interest recognized for the quarter ended March 31, 2013. | |||||||||||||||||||||||||||||||||||||
Impaired Loans as of and for the Quarter Ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||
Recorded Balance | Unpaid Principal Balance | Specific Allowance | Average Impaired Loans | Interest Income Recognized | |||||||||||||||||||||||||||||||||
(Unaudited; In thousands) | |||||||||||||||||||||||||||||||||||||
Loans without a specific valuation allowance | |||||||||||||||||||||||||||||||||||||
Commercial | $ | 1,051 | $ | 1,051 | $ | --- | $ | 1,150 | $ | 15 | |||||||||||||||||||||||||||
Owner occupied 1-4 | 807 | 841 | --- | 814 | 6 | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 2,419 | 2,680 | --- | 2,499 | 16 | ||||||||||||||||||||||||||||||||
Multi-family | 510 | 531 | --- | 516 | 1 | ||||||||||||||||||||||||||||||||
Commercial real estate | 2,611 | 2,612 | --- | 2,780 | 35 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 500 | 610 | --- | 597 | --- | ||||||||||||||||||||||||||||||||
Consumer and home equity | 90 | 99 | --- | 90 | 1 | ||||||||||||||||||||||||||||||||
Total loans without a specific valuation allowance | 7,988 | 8,424 | --- | 8,446 | 74 | ||||||||||||||||||||||||||||||||
Loans with a specific valuation allowance | |||||||||||||||||||||||||||||||||||||
Commercial | 140 | 140 | 59 | 70 | 4 | ||||||||||||||||||||||||||||||||
Owner occupied 1-4 | 99 | 103 | 9 | 100 | --- | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 391 | 391 | 89 | 316 | 1 | ||||||||||||||||||||||||||||||||
Multi-family | 256 | 256 | 65 | 128 | --- | ||||||||||||||||||||||||||||||||
Commercial real estate | 4,006 | 4,006 | 693 | 3,880 | 42 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 75 | 75 | 1 | 80 | 1 | ||||||||||||||||||||||||||||||||
Consumer and home equity | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Total loans with a specific valuation allowance | 4,967 | 4,971 | 916 | 4,574 | 48 | ||||||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||||||
Commercial | 1,191 | 1,191 | 59 | 1,220 | 19 | ||||||||||||||||||||||||||||||||
Owner occupied 1-4 | 906 | 944 | 9 | 914 | 6 | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 2,810 | 3,071 | 89 | 2,815 | 17 | ||||||||||||||||||||||||||||||||
Multi-family | 766 | 787 | 65 | 644 | 1 | ||||||||||||||||||||||||||||||||
Commercial real estate | 6,617 | 6,618 | 693 | 6,660 | 77 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 575 | 685 | 1 | 677 | 1 | ||||||||||||||||||||||||||||||||
Consumer and home equity | 90 | 99 | --- | 90 | 1 | ||||||||||||||||||||||||||||||||
Total impaired loans | $ | 12,955 | $ | 13,395 | $ | 916 | $ | 13,020 | $ | 122 | |||||||||||||||||||||||||||
Impaired Loans as of December 31, 2013 | Impaired Loans for the Quarter Ended March 31, 2013 | ||||||||||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Specific | Average | Interest | |||||||||||||||||||||||||||||||||
Balance | Principal | Allowance | Impaired | Income | |||||||||||||||||||||||||||||||||
Balance | Loans | Recognized | |||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Loans without a specific valuation allowance | |||||||||||||||||||||||||||||||||||||
Commercial | $ | --- | $ | --- | $ | --- | $ | 34 | $ | --- | |||||||||||||||||||||||||||
Owner occupied 1-4 | 793 | 922 | --- | 1,422 | 7 | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 2,543 | 3,264 | --- | 5,663 | 105 | ||||||||||||||||||||||||||||||||
Multi-family | 522 | 541 | --- | 2,456 | 39 | ||||||||||||||||||||||||||||||||
Commercial real estate | 2,452 | 2,646 | --- | 3,627 | 60 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 694 | 959 | --- | 1,056 | --- | ||||||||||||||||||||||||||||||||
Consumer and home equity | 90 | 91 | --- | 92 | 2 | ||||||||||||||||||||||||||||||||
Total loans without a specific valuation allowance | 7,094 | 8,423 | --- | 14,350 | 213 | ||||||||||||||||||||||||||||||||
Loans with a specific valuation allowance | |||||||||||||||||||||||||||||||||||||
Commercial | 1,250 | 1,250 | 5 | --- | --- | ||||||||||||||||||||||||||||||||
Owner occupied 1-4 | 128 | 132 | 13 | 231 | --- | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 277 | 277 | 30 | 276 | 1 | ||||||||||||||||||||||||||||||||
Multi-family | --- | --- | --- | 76 | --- | ||||||||||||||||||||||||||||||||
Commercial real estate | 4,251 | 3,769 | 749 | 1,555 | 15 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 85 | 85 | 1 | --- | --- | ||||||||||||||||||||||||||||||||
Consumer and home equity | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Total loans with a specific valuation allowance | 5,991 | 5,513 | 798 | 2,138 | 16 | ||||||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||||||
Commercial | 1,250 | 1,250 | 5 | 34 | --- | ||||||||||||||||||||||||||||||||
Owner occupied 1-4 | 921 | 1,054 | 13 | 1,653 | 7 | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 2,820 | 3,541 | 30 | 5,939 | 106 | ||||||||||||||||||||||||||||||||
Multi-family | 522 | 541 | --- | 2,532 | 39 | ||||||||||||||||||||||||||||||||
Commercial real estate | 6,703 | 6,415 | 749 | 5,182 | 75 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 779 | 1,044 | 1 | 1,056 | --- | ||||||||||||||||||||||||||||||||
Consumer and home equity | 90 | 91 | --- | 92 | 2 | ||||||||||||||||||||||||||||||||
Total impaired loans | $ | 13,085 | $ | 13,936 | $ | 798 | $ | 16,488 | $ | 229 | |||||||||||||||||||||||||||
All loans rated substandard that have had an impairment allocated to them and all troubled debt restructures are considered impaired. A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect all amounts due (both principal and interest) according to contractual terms of the loan agreement. Loans that are considered impaired are reviewed to determine if a specific allowance is required based on the borrower’s financial condition, resources and payment record, support from guarantors and the realizable value of any collateral. As a practical expedient, the Bank will typically use the collateral fair market value method to determine impairments unless circumstances preclude its use. In this method, any portion of the investment above the current fair market value of the collateral should be identified as an impairment. Fair market value is determined using a current appraisal or evaluation in compliance with federal appraisal regulations. | |||||||||||||||||||||||||||||||||||||
The following table gives a breakdown of non-accruing loans by loan class at March 31, 2014 and at December 31, 2013. | |||||||||||||||||||||||||||||||||||||
Loan Class | 31-Mar-14 | 31-Dec-13 | |||||||||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Commercial | $ | 140 | $ | --- | |||||||||||||||||||||||||||||||||
Owner occupied 1-4 | 520 | 553 | |||||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 1,653 | 1,706 | |||||||||||||||||||||||||||||||||||
Multi-family | 61 | 66 | |||||||||||||||||||||||||||||||||||
Commercial real estate | 15 | 126 | |||||||||||||||||||||||||||||||||||
Land | --- | 21 | |||||||||||||||||||||||||||||||||||
Total | $ | 2,389 | $ | 2,572 | |||||||||||||||||||||||||||||||||
Loans are placed on non-accrual status when, in the judgment of management, the probability of collection of interest is deemed to be insufficient to warrant further accrual. All interest accrued but not received for loans placed on non-accrual is reversed against interest income. Interest subsequently received on such loans is accounted for by using the cost-recovery basis for commercial loans and the cash basis for retail loans until qualifying for return to accrual status. | |||||||||||||||||||||||||||||||||||||
Loans to related parties at March 31, 2014 totaled $1.4 million. Loans to related parties at December 31, 2013 of $2.6 million were reduced by paydowns of $1.2 million. There was no new debt. | |||||||||||||||||||||||||||||||||||||
The following tables present information regarding troubled debt restructurings by class for the three months ended March 31, 2014 and 2013. | |||||||||||||||||||||||||||||||||||||
Newly Classified Troubled Debt Restructurings for the | |||||||||||||||||||||||||||||||||||||
Three Months ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||
Number of loans | Pre-modification Recorded Balance | Post-modification Recorded Balance | Type of Modification | ||||||||||||||||||||||||||||||||||
(Unaudited; Dollars in thousands) | |||||||||||||||||||||||||||||||||||||
Commercial | $ | --- | $ | --- | $ | --- | --- | ||||||||||||||||||||||||||||||
Owner occupied 1-4 | 3 | 277 | 277 | Rate | |||||||||||||||||||||||||||||||||
Non owner occupied 1-4 | 5 | 257 | 257 | Term extended | |||||||||||||||||||||||||||||||||
Multi-family | 1 | 256 | 256 | Assumption | |||||||||||||||||||||||||||||||||
Commercial real estate | 3 | 4,021 | 4,021 | Term extended, payment | |||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Land | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Consumer and home equity | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Total | $ | 12 | $ | 4,811 | $ | 4,811 | |||||||||||||||||||||||||||||||
Newly Classified Troubled Debt Restructurings for the | |||||||||||||||||||||||||||||||||||||
Three Months ended March 31, 2013 | |||||||||||||||||||||||||||||||||||||
Number of loans | Pre-modification Recorded Balance | Post-modification Recorded Balance | Type of Modification | ||||||||||||||||||||||||||||||||||
(Unaudited; Dollars in thousands) | |||||||||||||||||||||||||||||||||||||
Commercial | $ | --- | $ | --- | $ | --- | --- | ||||||||||||||||||||||||||||||
Owner occupied 1-4 | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Non owner occupied 1-4 | 5 | 1,242 | 969 | A/B note, payment adjustment | |||||||||||||||||||||||||||||||||
Multi-family | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Commercial real estate | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Land | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Consumer and home equity | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Total | $ | 5 | $ | 1,242 | $ | 969 | |||||||||||||||||||||||||||||||
There were no troubled debt restructurings modified in the past 12 months that subsequently defaulted for the three months ended March 31, 2014 or 2013. As of March 31, 2014, borrowers with loans designated as troubled debt restructures and totaling $10.6 million met the criteria for placement back on accrual status. These criteria are a minimum of six months payment performance under existing or modified terms. |
Disclosures_About_Fair_Value_o
Disclosures About Fair Value of Financial Instruments | 3 Months Ended | |||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Disclosures About Fair Value of Financial Instruments | ' | |||||||||||||||||
Note 6 - Disclosures About Fair Value of Assets and Liabilities | ||||||||||||||||||
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: | ||||||||||||||||||
Level 1 | Quoted prices in active markets for identical assets or liabilities | |||||||||||||||||
Level 2 | Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities | |||||||||||||||||
Level 3 | Unobservable inputs supported by little or no market activity and are significant to the fair value of the assets or liabilities | |||||||||||||||||
Recurring Measurements | ||||||||||||||||||
The following table presents the fair value measurements of assets recognized in the accompanying balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2014 and December 31, 2013: | ||||||||||||||||||
Fair Value Measurements Using | ||||||||||||||||||
Fair Value | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||
(In thousands) | ||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||
March 31, 2014 (Unaudited) | ||||||||||||||||||
U.S. government-sponsored agencies | $ | 26,115 | $ | --- | $ | 26,115 | $ | --- | ||||||||||
Mortgage-backed securities | 18,753 | --- | 18,753 | --- | ||||||||||||||
Corporate bonds | 1,058 | --- | 1,058 | --- | ||||||||||||||
State and political subdivision securities | 16,306 | --- | 16,306 | --- | ||||||||||||||
Totals | $ | 62,232 | $ | --- | $ | 62,232 | $ | --- | ||||||||||
31-Dec-13 | ||||||||||||||||||
U.S. government-sponsored agencies | $ | 28,604 | $ | --- | $ | 28,604 | $ | --- | ||||||||||
Mortgage-backed securities | 16,599 | --- | 16,599 | --- | ||||||||||||||
Corporate bonds | 1,063 | --- | 1,063 | --- | ||||||||||||||
State and political subdivision securities | 16,439 | --- | 16,439 | --- | ||||||||||||||
Totals | $ | 62,705 | $ | --- | $ | 62,705 | $ | --- | ||||||||||
Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the quarter ended March 31, 2014. | ||||||||||||||||||
Available-for-sale Securities | ||||||||||||||||||
Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using quoted prices of securities with similar characteristics or independent asset pricing services and pricing models, the inputs of which are market-based or independently sourced market parameters, including, but not limited to, yield curves, interest rates, volatilities, prepayments, defaults, cumulative loss projections and cash flows. Such securities are classified in Level 2 of the valuation hierarchy. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. | ||||||||||||||||||
Nonrecurring Measurements | ||||||||||||||||||
The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2014 and December 31, 2013: | ||||||||||||||||||
Fair Value Measurements Using | ||||||||||||||||||
Fair Value | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||
(In thousands) | ||||||||||||||||||
March 31, 2014 (Unaudited) | ||||||||||||||||||
Collateral-dependent impaired loans | $ 825 | --- | --- | $ 825 | ||||||||||||||
31-Dec-13 | ||||||||||||||||||
Collateral-dependent impaired loans | $3,637 | --- | --- | $3,637 | ||||||||||||||
Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. | ||||||||||||||||||
Collateral-Dependent Impaired Loans, Net of Allowance for Loan and Lease Losses | ||||||||||||||||||
The estimated fair value of collateral-dependent impaired loans is based on the appraised fair value of the collateral, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy. | ||||||||||||||||||
The Company considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary by the Office of the Company’s Controller. Appraisals are reviewed for accuracy and consistency by the Controller’s office. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts and estimates are developed by comparison to historical results. | ||||||||||||||||||
Unobservable (Level 3) Inputs | ||||||||||||||||||
The following table presents quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements at March 31, 2014 and December 31, 2013. | ||||||||||||||||||
Fair Value at | Valuation Technique | Unobservable Inputs | Range | |||||||||||||||
31-Mar-14 | (Weighted Average) | |||||||||||||||||
(Unaudited; In thousands) | ||||||||||||||||||
March 31, 2014: | ||||||||||||||||||
Collateral-dependent impaired loans | $825 | Market comparable properties | Marketability discount | 10%-20% | ||||||||||||||
Fair Value at | Valuation Technique | Unobservable Inputs | Range | |||||||||||||||
31-Dec-13 | (Weighted Average) | |||||||||||||||||
(In thousands) | ||||||||||||||||||
December 31, 2013: | ||||||||||||||||||
Collateral-dependent impaired loans | $3,637 | Market comparable properties | Marketability discount | 10%-20% | ||||||||||||||
Fair Value of Financial Instruments | ||||||||||||||||||
The following table presents estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2014 and December 31, 2013. | ||||||||||||||||||
Fair Value Measurements Using | ||||||||||||||||||
Carrying Amount | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||
(In thousands) | ||||||||||||||||||
March 31, 2014 (Unaudited) | ||||||||||||||||||
Financial assets | ||||||||||||||||||
Cash and cash equivalents | $ | 22,819 | $ | 22,819 | $ | --- | $ | --- | ||||||||||
Interest-bearing time deposits | 1,247 | --- | 1,247 | --- | ||||||||||||||
Loans held for sale | 1,547 | --- | 1,547 | --- | ||||||||||||||
Loans, net of allowance for losses | 254,249 | --- | --- | 264,976 | ||||||||||||||
Federal Home Loan Bank stock | 3,185 | --- | 3,185 | --- | ||||||||||||||
Accrued interest receivable | 1,123 | --- | 1,123 | --- | ||||||||||||||
Financial liabilities | ||||||||||||||||||
Transaction and savings deposits | 189,921 | 189,921 | --- | --- | ||||||||||||||
Time deposits | 122,298 | --- | --- | 123,536 | ||||||||||||||
Federal Home Loan Bank advances | 10,000 | --- | 10,264 | --- | ||||||||||||||
Accrued interest payable | 37 | --- | 37 | --- | ||||||||||||||
December 31, 2013: | ||||||||||||||||||
Financial assets | ||||||||||||||||||
Cash and cash equivalents | $ | 24,198 | $ | 24,198 | $ | --- | $ | --- | ||||||||||
Interest-bearing time deposits | 1,743 | --- | 1,743 | --- | ||||||||||||||
Loans held for sale | 657 | --- | 657 | --- | ||||||||||||||
Loans, net of allowance for losses | 254,703 | --- | --- | 265,715 | ||||||||||||||
Federal Home Loan Bank stock | 3,185 | --- | 3,185 | --- | ||||||||||||||
Accrued interest receivable | 1,114 | --- | 1,114 | --- | ||||||||||||||
Financial liabilities | ||||||||||||||||||
Transaction and savings deposits | 185,106 | 185,106 | --- | --- | ||||||||||||||
Time deposits | 129,514 | --- | --- | 130,892 | ||||||||||||||
Federal Home Loan Bank advances | 10,000 | --- | 10,289 | --- | ||||||||||||||
Accrued interest payable | 34 | --- | 34 | --- | ||||||||||||||
The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value. | ||||||||||||||||||
Cash and Cash Equivalents and Interest-Bearing Time Deposits | ||||||||||||||||||
The carrying amount approximates fair value. | ||||||||||||||||||
Loans Held For Sale | ||||||||||||||||||
The carrying amount approximates fair value due to the insignificant time between origination and date of sale. The carrying amount is the amount funded and accrued interest. | ||||||||||||||||||
Loans | ||||||||||||||||||
Fair value is estimated by discounting the future cash flows using the market rates at which similar notes would be made to borrowers with similar credit ratings and for the same remaining maturities. The market rates used are based on current rates the Bank would impose for similar loans and reflect a market participant assumption about risks associated with non-performance, illiquidity, and the structure and term of the loans along with local economic and market conditions. | ||||||||||||||||||
Federal Home Loan Bank Stock | ||||||||||||||||||
Fair value is estimated at book value due to restrictions that limit the sale or transfer of such securities. | ||||||||||||||||||
Accrued Interest Receivable and Payable | ||||||||||||||||||
The carrying amount approximates fair value. The carrying amount is determined using the interest rate, balance and last payment date. | ||||||||||||||||||
Deposits | ||||||||||||||||||
Fair value of term deposits is estimated by discounting the future cash flows using rates of similar deposits with similar maturities. The market rates used were obtained from a knowledgeable independent third party and reviewed by the Company. The rates were the average of current rates offered by local competitors of the Bank. | ||||||||||||||||||
The estimated fair value of demand, NOW, savings and money market deposits is the book value since rates are regularly adjusted to market rates and amounts are payable on demand at the reporting date. | ||||||||||||||||||
Federal Home Loan Bank Advances | ||||||||||||||||||
Fair value is estimated by discounting the future cash flows using rates of similar advances with similar maturities. These rates were obtained from current rates offered by FHLB. | ||||||||||||||||||
Commitments to Originate Loans, Forward Sale Commitments, Letters of Credit and Lines of Credit | ||||||||||||||||||
The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. | ||||||||||||||||||
The fair value of commitments to sell securities is estimated based on current market prices for securities of similar terms and credit quality. | ||||||||||||||||||
The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. The fair value of commitments was not material at March 31, 2014 and December 31, 2013. |
Accounting_Developments
Accounting Developments | 3 Months Ended |
Mar. 31, 2014 | |
Accounting Changes and Error Corrections [Abstract] | ' |
Accounting Developments | ' |
Note 7 –Accounting Developments | |
In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-04, “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure,” to reduce diversity by clarifying when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Adoption of the ASU is not expected to have a significant effect on the Company’s consolidated financial statements. | |
In January 2014, the FASB issued ASU 2014-01, “Accounting for Investments in Qualified Affordable Housing Projects,” to permit entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. The ASU modifies the conditions that an entity must meet to be eligible to use a method other than the equity or cost methods to account for qualified affordable housing project investments. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Adoption of the ASU is not expected to have a significant effect on the Company’s consolidated financial statements. | |
In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists,” to require presentation in the financial statements of an unrecognized tax benefit or a portion of an unrecognized tax benefit, as a reduction to a deferred tax asset for a net operating loss (NOL) carryforward, a similar tax loss, or a tax credit carryforward, except as follows. When an NOL carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or when the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Adoption of the ASU did not have a significant effect on the Company’s consolidated financial statements. |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 3 Months Ended | |||||||||
Mar. 31, 2014 | ||||||||||
Earnings Per Share [Abstract] | ' | |||||||||
Schedule of information about the number of shares used to compute earnings per share and the results of the computations | ' | |||||||||
Three months ended | ||||||||||
March 31, | ||||||||||
2014 | 2013 | |||||||||
(Unaudited) | ||||||||||
Weighted average shares outstanding | 1,565,737 | 1,556,080 | ||||||||
Stock options | 8,518 | 7,584 | ||||||||
Shares used to compute diluted earnings per share | 1,574,255 | 1,563,664 | ||||||||
Basic earnings per share | $ | 0.33 | $ | 0.42 | ||||||
Diluted earnings per share | $ | 0.33 | $ | 0.42 |
Securities_Tables
Securities (Tables) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||
Schedule of amortized cost and approximate fair values, together with gross unrealized gains and losses of securities | ' | |||||||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Approximate Fair Value | |||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Available-for-sale Securities: | ||||||||||||||||||||||||
March 31, 2014 (Unaudited) | ||||||||||||||||||||||||
U.S. Government sponsored agencies | $ | 26,460 | $ | 31 | $ | (376 | ) | $ | 26,115 | |||||||||||||||
Mortgage-backed securities– government sponsored entities | 18,797 | 127 | (171 | ) | 18,753 | |||||||||||||||||||
Corporate bonds | 1,046 | 12 | --- | 1,058 | ||||||||||||||||||||
State and political subdivisions | 16,227 | 183 | (104 | ) | 16,306 | |||||||||||||||||||
$ | 62,530 | $ | 353 | $ | (651 | ) | $ | 62,232 | ||||||||||||||||
Available-for-sale Securities: | ||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
U.S. Government sponsored agencies | $ | 28,982 | $ | 39 | $ | (417 | ) | $ | 28,604 | |||||||||||||||
Mortgage-backed securities–government sponsored entities | 16,704 | 122 | (227 | ) | 16,599 | |||||||||||||||||||
Corporate bonds | 1,050 | 13 | --- | 1,063 | ||||||||||||||||||||
State and political subdivisions | 16,465 | 172 | (198 | ) | 16,439 | |||||||||||||||||||
$ | 63,201 | $ | 346 | $ | (842 | ) | $ | 62,705 | ||||||||||||||||
Schedule of amortized cost and fair value of available-for-sale securities by contractual maturity | ' | |||||||||||||||||||||||
Available for Sale | ||||||||||||||||||||||||
Amortized | Fair | |||||||||||||||||||||||
Cost | Value | |||||||||||||||||||||||
(Unaudited; In thousands) | ||||||||||||||||||||||||
Within one year | $ | 1,403 | $ | 1,412 | ||||||||||||||||||||
One to five years | 35,442 | 35,321 | ||||||||||||||||||||||
Five to ten years | 6,888 | 6,746 | ||||||||||||||||||||||
After ten years | --- | --- | ||||||||||||||||||||||
43,733 | 43,479 | |||||||||||||||||||||||
Mortgage-backed securities | 18,797 | 18,753 | ||||||||||||||||||||||
Totals | $ | 62,530 | $ | 62,232 | ||||||||||||||||||||
Schedule of investments' gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities in a continuous unrealized loss position | ' | |||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Description of Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
March 31, 2014 (Unaudited) | ||||||||||||||||||||||||
U.S. Government sponsored agencies | $ | 20,626 | $ | 376 | $ | --- | $ | --- | $ | 20,626 | $ | 376 | ||||||||||||
Mortgage-backed securities–government sponsored entities | 16,162 | 171 | --- | --- | 16,162 | 171 | ||||||||||||||||||
State and political subdivisions | 6,300 | 104 | --- | --- | 6,300 | 104 | ||||||||||||||||||
Total temporarily impaired securities | $ | 43,088 | $ | 651 | $ | --- | $ | --- | $ | 43,088 | $ | 651 | ||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
U.S. Government sponsored agencies | $ | 21,587 | $ | 417 | $ | --- | $ | --- | $ | 21,587 | $ | 417 | ||||||||||||
Mortgage-backed securities–government sponsored entities | 9,781 | 226 | 7 | 1 | 9,788 | 227 | ||||||||||||||||||
State and political subdivisions | 9,401 | 198 | --- | --- | 9,401 | 198 | ||||||||||||||||||
Total temporarily impaired securities | $ | 40,769 | $ | 841 | $ | 7 | $ | 1 | $ | 40,776 | $ | 842 |
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Schedule of categories of loans | ' | ||||||||||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||||||||||
One- to four-family residential | $ | 97,978 | $ | 98,061 | |||||||||||||||||||||||||||||||||
Multi-family residential | 49,904 | 49,866 | |||||||||||||||||||||||||||||||||||
Commercial real estate | 73,244 | 72,030 | |||||||||||||||||||||||||||||||||||
Construction and land development | 16,117 | 15,318 | |||||||||||||||||||||||||||||||||||
Commercial | 10,121 | 11,461 | |||||||||||||||||||||||||||||||||||
Consumer and other | 1,114 | 1,160 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 16,174 | 16,050 | |||||||||||||||||||||||||||||||||||
Total loans | 264,652 | 263,946 | |||||||||||||||||||||||||||||||||||
Less | |||||||||||||||||||||||||||||||||||||
Net deferred loan fees, premiums and discounts | (434 | ) | (408 | ) | |||||||||||||||||||||||||||||||||
Undisbursed portion of loans | (3,575 | ) | (2,487 | ) | |||||||||||||||||||||||||||||||||
Allowance for loan losses | (6,394 | ) | (6,348 | ) | |||||||||||||||||||||||||||||||||
Net loans | $ | 254,249 | $ | 254,703 | |||||||||||||||||||||||||||||||||
Schedule of allowance for loan losses and recorded investment in loans | ' | ||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans for the Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | Commercial | Owner | Non-owner | Multi- | Commercial | Construction | Land | Consumer | Total | ||||||||||||||||||||||||||||
Occupied | Occupied | family | Real Estate | and | |||||||||||||||||||||||||||||||||
4-Jan | 4-Jan | Home | |||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||
(Unaudited; In thousands) | |||||||||||||||||||||||||||||||||||||
Allowance for losses | |||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 649 | $ | 753 | $ | 1,045 | $ | 1,023 | $ | 2,436 | $ | 38 | $ | 146 | $ | 258 | $ | 6,348 | |||||||||||||||||||
Provision charged to expense | (131 | ) | 19 | (10 | ) | 88 | 129 | 6 | (101 | ) | --- | --- | |||||||||||||||||||||||||
Losses charged off | --- | --- | 21 | --- | 75 | --- | --- | --- | 96 | ||||||||||||||||||||||||||||
Recoveries | 17 | --- | 55 | 1 | 4 | --- | 65 | --- | 142 | ||||||||||||||||||||||||||||
Ending balance | $ | 535 | $ | 772 | $ | 1,069 | $ | 1,112 | $ | 2,494 | $ | 44 | $ | 110 | $ | 258 | $ | 6,394 | |||||||||||||||||||
ALL individually evaluated | $ | 59 | $ | 9 | $ | 89 | $ | 65 | $ | 693 | $ | --- | $ | 1 | $ | --- | $ | 916 | |||||||||||||||||||
ALL collectively evaluated | 476 | 763 | 980 | 1,047 | 1,801 | 44 | 109 | 258 | 5,478 | ||||||||||||||||||||||||||||
Total ALL | $ | 535 | $ | 772 | $ | 1,069 | $ | 1,112 | $ | 2,494 | $ | 44 | $ | 110 | $ | 258 | $ | 6,394 | |||||||||||||||||||
Loans individually evaluated | $ | 1,191 | $ | 906 | $ | 2,810 | $ | 766 | $ | 6,617 | $ | --- | $ | 575 | $ | 90 | $ | 12,955 | |||||||||||||||||||
Loans collectively evaluated | 8,930 | 51,982 | 42,280 | 49,138 | 66,627 | 7,220 | 8,322 | 17,198 | 251,697 | ||||||||||||||||||||||||||||
Total loans evaluated | $ | 10,121 | $ | 52,888 | $ | 45,090 | $ | 49,904 | $ | 73,244 | $ | 7,220 | $ | 8,897 | $ | 17,288 | $ | 264,652 | |||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans for the Three Months Ended March 31, 2013 | |||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, 2013 | Commercial | Owner | Non-owner | Multi- | Commercial | Construction | Land | Consumer | Total | ||||||||||||||||||||||||||||
Occupied | Occupied | family | Real Estate | and | |||||||||||||||||||||||||||||||||
4-Jan | 4-Jan | Home | |||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||
(Unaudited; In thousands) | |||||||||||||||||||||||||||||||||||||
Allowance for losses | |||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 633 | $ | 589 | $ | 1,022 | $ | 1,055 | $ | 2,177 | $ | 62 | $ | 154 | $ | 208 | $ | 5,900 | |||||||||||||||||||
Provision charged to expense | 239 | (64 | ) | 212 | (74 | ) | 9 | (20 | ) | 129 | (31 | ) | 400 | ||||||||||||||||||||||||
Losses charged off | (29 | ) | --- | (241 | ) | --- | (51 | ) | --- | --- | --- | (321 | ) | ||||||||||||||||||||||||
Recoveries | 16 | --- | 60 | --- | --- | --- | 7 | --- | 83 | ||||||||||||||||||||||||||||
Ending balance | $ | 859 | $ | 525 | $ | 1,053 | $ | 981 | $ | 2,135 | $ | 42 | $ | 290 | $ | 177 | $ | 6,062 | |||||||||||||||||||
ALL individually evaluated | $ | --- | $ | 12 | $ | 23 | $ | 19 | $ | 243 | $ | --- | $ | --- | $ | --- | $ | 297 | |||||||||||||||||||
ALL collectively evaluated | 859 | 513 | 1,030 | 962 | 1,892 | 42 | 290 | 177 | 5,765 | ||||||||||||||||||||||||||||
Total ALL | $ | 859 | $ | 525 | $ | 1,053 | $ | 981 | $ | 2,135 | $ | 42 | $ | 290 | $ | 177 | $ | 6,062 | |||||||||||||||||||
Loans individually evaluated | $ | 20 | $ | 1,682 | $ | 5,931 | $ | 2,173 | $ | 4,131 | $ | --- | $ | 734 | $ | 91 | $ | 14,762 | |||||||||||||||||||
Loans collectively evaluated | 13,933 | 45,476 | 43,869 | 59,552 | 71,973 | 7,673 | 8,713 | 16,625 | 267,814 | ||||||||||||||||||||||||||||
Total loans evaluated | $ | 13,953 | $ | 47,158 | $ | 49,800 | $ | 61,725 | $ | 76,104 | $ | 7,673 | $ | 9,447 | $ | 16,716 | $ | 282,576 | |||||||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans for the Year Ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||
2013 | Commercial | Owner | Non-owner | Multi- | Commercial | Construction | Land | Consumer | Total | ||||||||||||||||||||||||||||
Occupied | Occupied | family | Real Estate | and | |||||||||||||||||||||||||||||||||
4-Jan | 4-Jan | Home | |||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||
Allowance for losses | |||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 633 | $ | 589 | $ | 1,022 | $ | 1,055 | $ | 2,177 | $ | 62 | $ | 154 | $ | 208 | $ | 5,900 | |||||||||||||||||||
Provision charged to expense | (77 | ) | 236 | 225 | (33 | ) | 278 | (24 | ) | (40 | ) | 85 | 650 | ||||||||||||||||||||||||
Losses charged off | 32 | 73 | 327 | --- | 40 | --- | 10 | 35 | 517 | ||||||||||||||||||||||||||||
Recoveries | 125 | 1 | 125 | 1 | 21 | --- | 42 | --- | 315 | ||||||||||||||||||||||||||||
Ending balance | $ | 649 | $ | 753 | $ | 1,045 | $ | 1,023 | $ | 2,436 | $ | 38 | $ | 146 | $ | 258 | $ | 6,348 | |||||||||||||||||||
ALL individually evaluated | $ | 5 | $ | 13 | $ | 30 | $ | --- | $ | 749 | $ | --- | $ | 1 | $ | --- | $ | 798 | |||||||||||||||||||
ALL collectively evaluated | 644 | 740 | 1,015 | 1,023 | 1,687 | 38 | 145 | 258 | 5,550 | ||||||||||||||||||||||||||||
Total ALL | $ | 649 | $ | 753 | $ | 1,045 | $ | 1,023 | $ | 2,436 | $ | 38 | $ | 146 | 258 | $ | 6,348 | ||||||||||||||||||||
Loans individually evaluated | $ | 1,250 | $ | 921 | $ | 2,820 | $ | 522 | $ | 6,703 | $ | --- | $ | 779 | $ | 90 | $ | 13,085 | |||||||||||||||||||
Loans collectively evaluated | 10,211 | 51,098 | 43,222 | 49,344 | 65,327 | 5,446 | 9,093 | $ | 17,120 | 250,861 | |||||||||||||||||||||||||||
Total loans evaluated | $ | 11,461 | $ | 52,019 | $ | 46,042 | $ | 49,866 | $ | 72,030 | $ | 5,446 | $ | 9,872 | $ | 17,210 | $ | 263,946 | |||||||||||||||||||
Schedule of an analysis of loan quality based on property | ' | ||||||||||||||||||||||||||||||||||||
The following table provides an analysis of loan quality using the above designations, based on property type at March 31, 2014. | |||||||||||||||||||||||||||||||||||||
Credit Rating | Commercial | Owner | Non-owner | Multi- | Commercial | Construction | Land | Consumer | Total | ||||||||||||||||||||||||||||
Occupied | Occupied | Family | Real Estate | and | |||||||||||||||||||||||||||||||||
4-Jan | 4-Jan | Home | |||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||
(Unaudited; In thousands) | |||||||||||||||||||||||||||||||||||||
1- Superior | $ | 18 | $ | 3,450 | $ | 220 | $ | --- | $ | 96 | $ | --- | $ | 76 | $ | 1,772 | $ | 5,632 | |||||||||||||||||||
2 - Good | 2,177 | 26,423 | 3,741 | 158 | 12,546 | 2,747 | 1,715 | 11,260 | 60,767 | ||||||||||||||||||||||||||||
3 - Pass Low risk | 4,002 | 16,153 | 10,477 | 21,882 | 20,449 | 3,609 | 4,518 | 3,569 | 84,659 | ||||||||||||||||||||||||||||
4 - Pass | 1,968 | 4,904 | 22,835 | 19,497 | 22,021 | 864 | 1,696 | 587 | 74,372 | ||||||||||||||||||||||||||||
4W - Watch | 68 | 983 | 3,678 | 6,610 | 9,390 | --- | 75 | 63 | 20,867 | ||||||||||||||||||||||||||||
5 - Special mention | --- | 270 | 1,145 | 1,696 | 600 | --- | 317 | 37 | 4,065 | ||||||||||||||||||||||||||||
6 - Substandard | 1,888 | 705 | 2,994 | 61 | 8,142 | --- | 500 | --- | 14,290 | ||||||||||||||||||||||||||||
7 - Doubtful | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||
8 - Loss | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||
Total | $ | 10,121 | $ | 52,888 | $ | 45,090 | $ | 49,904 | $ | 73,244 | $ | 7,220 | $ | 8,897 | $ | 17,288 | $ | 264,652 | |||||||||||||||||||
The following table provides an analysis of loan quality using the above designations, based on property type at December 31, 2013. | |||||||||||||||||||||||||||||||||||||
Credit Rating | Commercial | Owner | Non-owner | Multi- | Commercial | Construction | Land | Consumer | Total | ||||||||||||||||||||||||||||
Occupied | Occupied | Family | Real Estate | and | |||||||||||||||||||||||||||||||||
4-Jan | 4-Jan | Home | |||||||||||||||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
1- Superior | $ | 20 | $ | 3,703 | $ | 427 | $ | --- | $ | 98 | $ | --- | $ | 139 | $ | 1,854 | $ | 6,241 | |||||||||||||||||||
2 - Good | 1,528 | 24,965 | 3,307 | 1,755 | 10,784 | 2,393 | 1,752 | 11,419 | 57,903 | ||||||||||||||||||||||||||||
3 - Pass Low risk | 3,872 | 16,321 | 10,896 | 22,131 | 16,340 | 2,806 | 4,552 | 3,274 | 80,192 | ||||||||||||||||||||||||||||
4 - Pass | 3,035 | 5,088 | 22,579 | 19,006 | 23,604 | 247 | 2,239 | 589 | 76,387 | ||||||||||||||||||||||||||||
4W - Watch | 860 | 926 | 4,518 | 5,447 | 12,397 | --- | 85 | 35 | 24,268 | ||||||||||||||||||||||||||||
5 - Special mention | --- | 274 | 1,248 | 1,461 | 343 | --- | 412 | 38 | 3,776 | ||||||||||||||||||||||||||||
6 - Substandard | 2,146 | 742 | 3,067 | 66 | 8,464 | --- | 693 | 1 | 15,179 | ||||||||||||||||||||||||||||
7 - Doubtful | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||
8 - Loss | --- | --- | --- | --- | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||
Total | $ | 11,461 | $ | 52,019 | $ | 46,042 | $ | 49,866 | $ | 72,030 | $ | 5,446 | $ | 9,872 | $ | 17,210 | $ | 263,946 | |||||||||||||||||||
Schedule of loan portfolio aging analysis | ' | ||||||||||||||||||||||||||||||||||||
Loan Portfolio Aging Analysis as of March 31, 2014 | |||||||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Over 90 Days | Total Past Due | Current | Total Loans | Under 90 Days | Total 90 Days | ||||||||||||||||||||||||||||||
and Not Accruing | and Accruing | ||||||||||||||||||||||||||||||||||||
(Unaudited; In thousands) | |||||||||||||||||||||||||||||||||||||
Commercial | $ | --- | $ | --- | $ | 140 | $ | 140 | $ | 9,981 | $ | 10,121 | $ | --- | $ | --- | |||||||||||||||||||||
Owner occupied 1-4 | 25 | 72 | --- | 97 | 52,791 | 52,888 | 519 | --- | |||||||||||||||||||||||||||||
Non-owner occupied 1-4 | --- | --- | 1,048 | 1,048 | 44,042 | 45,090 | 605 | --- | |||||||||||||||||||||||||||||
Multi-family | --- | --- | --- | --- | 49,904 | 49,904 | 61 | --- | |||||||||||||||||||||||||||||
Commercial real estate | 15 | 85 | --- | 100 | 73,144 | 73,244 | 15 | --- | |||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | 7,220 | 7,220 | --- | --- | |||||||||||||||||||||||||||||
Land | --- | --- | --- | --- | 8,897 | 8,897 | --- | --- | |||||||||||||||||||||||||||||
Consumer and home equity | 6 | --- | --- | 6 | 17,282 | 17,288 | --- | --- | |||||||||||||||||||||||||||||
Total | $ | 46 | $ | 157 | $ | 1,188 | $ | 1,391 | $ | 263,261 | $ | 264,652 | $ | 1,200 | $ | --- | |||||||||||||||||||||
Loan Portfolio Aging Analysis as of December 31, 2013 | |||||||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Over 90 Days | Total Past Due | Current | Total Loans | Under 90 Days | Total 90 Days | ||||||||||||||||||||||||||||||
and Not Accruing | and Accruing | ||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Commercial | $ | --- | $ | 140 | $ | --- | $ | 140 | $ | 11,321 | $ | 11,461 | $ | --- | $ | --- | |||||||||||||||||||||
Owner occupied 1-4 | 84 | --- | --- | 84 | 51,935 | 52,019 | 553 | --- | |||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 362 | 183 | 1,152 | 1,697 | 44,345 | 46,042 | 554 | --- | |||||||||||||||||||||||||||||
Multi-family | --- | 65 | --- | 65 | 49,801 | 49,866 | 65 | --- | |||||||||||||||||||||||||||||
Commercial real estate | --- | --- | 111 | 111 | 71,919 | 72,030 | 16 | --- | |||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | 5,446 | 5,446 | --- | --- | |||||||||||||||||||||||||||||
Land | 35 | --- | 121 | 156 | 9,716 | 9,872 | --- | --- | |||||||||||||||||||||||||||||
Consumer and home equity | 2 | --- | --- | 2 | 17,208 | 17,210 | --- | --- | |||||||||||||||||||||||||||||
Total | $ | 483 | $ | 388 | $ | 1,384 | $ | 2,255 | $ | 261,691 | $ | 263,946 | $ | 1,188 | $ | --- | |||||||||||||||||||||
Schedule of impaired loans | ' | ||||||||||||||||||||||||||||||||||||
Impaired Loans as of and for the Quarter Ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||
Recorded Balance | Unpaid Principal Balance | Specific Allowance | Average Impaired Loans | Interest Income Recognized | |||||||||||||||||||||||||||||||||
(Unaudited; In thousands) | |||||||||||||||||||||||||||||||||||||
Loans without a specific valuation allowance | |||||||||||||||||||||||||||||||||||||
Commercial | $ | 1,051 | $ | 1,051 | $ | --- | $ | 1,150 | $ | 15 | |||||||||||||||||||||||||||
Owner occupied 1-4 | 807 | 841 | --- | 814 | 6 | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 2,419 | 2,680 | --- | 2,499 | 16 | ||||||||||||||||||||||||||||||||
Multi-family | 510 | 531 | --- | 516 | 1 | ||||||||||||||||||||||||||||||||
Commercial real estate | 2,611 | 2,612 | --- | 2,780 | 35 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 500 | 610 | --- | 597 | --- | ||||||||||||||||||||||||||||||||
Consumer and home equity | 90 | 99 | --- | 90 | 1 | ||||||||||||||||||||||||||||||||
Total loans without a specific valuation allowance | 7,988 | 8,424 | --- | 8,446 | 74 | ||||||||||||||||||||||||||||||||
Loans with a specific valuation allowance | |||||||||||||||||||||||||||||||||||||
Commercial | 140 | 140 | 59 | 70 | 4 | ||||||||||||||||||||||||||||||||
Owner occupied 1-4 | 99 | 103 | 9 | 100 | --- | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 391 | 391 | 89 | 316 | 1 | ||||||||||||||||||||||||||||||||
Multi-family | 256 | 256 | 65 | 128 | --- | ||||||||||||||||||||||||||||||||
Commercial real estate | 4,006 | 4,006 | 693 | 3,880 | 42 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 75 | 75 | 1 | 80 | 1 | ||||||||||||||||||||||||||||||||
Consumer and home equity | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Total loans with a specific valuation allowance | 4,967 | 4,971 | 916 | 4,574 | 48 | ||||||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||||||
Commercial | 1,191 | 1,191 | 59 | 1,220 | 19 | ||||||||||||||||||||||||||||||||
Owner occupied 1-4 | 906 | 944 | 9 | 914 | 6 | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 2,810 | 3,071 | 89 | 2,815 | 17 | ||||||||||||||||||||||||||||||||
Multi-family | 766 | 787 | 65 | 644 | 1 | ||||||||||||||||||||||||||||||||
Commercial real estate | 6,617 | 6,618 | 693 | 6,660 | 77 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 575 | 685 | 1 | 677 | 1 | ||||||||||||||||||||||||||||||||
Consumer and home equity | 90 | 99 | --- | 90 | 1 | ||||||||||||||||||||||||||||||||
Total impaired loans | $ | 12,955 | $ | 13,395 | $ | 916 | $ | 13,020 | $ | 122 | |||||||||||||||||||||||||||
Impaired Loans as of December 31, 2013 | Impaired Loans for the Quarter Ended March 31, 2013 | ||||||||||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Specific | Average | Interest | |||||||||||||||||||||||||||||||||
Balance | Principal | Allowance | Impaired | Income | |||||||||||||||||||||||||||||||||
Balance | Loans | Recognized | |||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Loans without a specific valuation allowance | |||||||||||||||||||||||||||||||||||||
Commercial | $ | --- | $ | --- | $ | --- | $ | 34 | $ | --- | |||||||||||||||||||||||||||
Owner occupied 1-4 | 793 | 922 | --- | 1,422 | 7 | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 2,543 | 3,264 | --- | 5,663 | 105 | ||||||||||||||||||||||||||||||||
Multi-family | 522 | 541 | --- | 2,456 | 39 | ||||||||||||||||||||||||||||||||
Commercial real estate | 2,452 | 2,646 | --- | 3,627 | 60 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 694 | 959 | --- | 1,056 | --- | ||||||||||||||||||||||||||||||||
Consumer and home equity | 90 | 91 | --- | 92 | 2 | ||||||||||||||||||||||||||||||||
Total loans without a specific valuation allowance | 7,094 | 8,423 | --- | 14,350 | 213 | ||||||||||||||||||||||||||||||||
Loans with a specific valuation allowance | |||||||||||||||||||||||||||||||||||||
Commercial | 1,250 | 1,250 | 5 | --- | --- | ||||||||||||||||||||||||||||||||
Owner occupied 1-4 | 128 | 132 | 13 | 231 | --- | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 277 | 277 | 30 | 276 | 1 | ||||||||||||||||||||||||||||||||
Multi-family | --- | --- | --- | 76 | --- | ||||||||||||||||||||||||||||||||
Commercial real estate | 4,251 | 3,769 | 749 | 1,555 | 15 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 85 | 85 | 1 | --- | --- | ||||||||||||||||||||||||||||||||
Consumer and home equity | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Total loans with a specific valuation allowance | 5,991 | 5,513 | 798 | 2,138 | 16 | ||||||||||||||||||||||||||||||||
Total | |||||||||||||||||||||||||||||||||||||
Commercial | 1,250 | 1,250 | 5 | 34 | --- | ||||||||||||||||||||||||||||||||
Owner occupied 1-4 | 921 | 1,054 | 13 | 1,653 | 7 | ||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 2,820 | 3,541 | 30 | 5,939 | 106 | ||||||||||||||||||||||||||||||||
Multi-family | 522 | 541 | --- | 2,532 | 39 | ||||||||||||||||||||||||||||||||
Commercial real estate | 6,703 | 6,415 | 749 | 5,182 | 75 | ||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | --- | ||||||||||||||||||||||||||||||||
Land | 779 | 1,044 | 1 | 1,056 | --- | ||||||||||||||||||||||||||||||||
Consumer and home equity | 90 | 91 | --- | 92 | 2 | ||||||||||||||||||||||||||||||||
Total impaired loans | $ | 13,085 | $ | 13,936 | $ | 798 | $ | 16,488 | $ | 229 | |||||||||||||||||||||||||||
Schedule of breakdown of non-accruing loans | ' | ||||||||||||||||||||||||||||||||||||
Loan Class | 31-Mar-14 | 31-Dec-13 | |||||||||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Commercial | $ | 140 | $ | --- | |||||||||||||||||||||||||||||||||
Owner occupied 1-4 | 520 | 553 | |||||||||||||||||||||||||||||||||||
Non-owner occupied 1-4 | 1,653 | 1,706 | |||||||||||||||||||||||||||||||||||
Multi-family | 61 | 66 | |||||||||||||||||||||||||||||||||||
Commercial real estate | 15 | 126 | |||||||||||||||||||||||||||||||||||
Land | --- | 21 | |||||||||||||||||||||||||||||||||||
Total | $ | 2,389 | $ | 2,572 | |||||||||||||||||||||||||||||||||
Schedule of troubled debt restructurings | ' | ||||||||||||||||||||||||||||||||||||
Newly Classified Troubled Debt Restructurings for the | |||||||||||||||||||||||||||||||||||||
Three Months ended March 31, 2014 | |||||||||||||||||||||||||||||||||||||
Number of loans | Pre-modification Recorded Balance | Post-modification Recorded Balance | Type of Modification | ||||||||||||||||||||||||||||||||||
(Unaudited; Dollars in thousands) | |||||||||||||||||||||||||||||||||||||
Commercial | $ | --- | $ | --- | $ | --- | --- | ||||||||||||||||||||||||||||||
Owner occupied 1-4 | 3 | 277 | 277 | Rate | |||||||||||||||||||||||||||||||||
Non owner occupied 1-4 | 5 | 257 | 257 | Term extended | |||||||||||||||||||||||||||||||||
Multi-family | 1 | 256 | 256 | Assumption | |||||||||||||||||||||||||||||||||
Commercial real estate | 3 | 4,021 | 4,021 | Term extended, payment | |||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Land | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Consumer and home equity | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Total | $ | 12 | $ | 4,811 | $ | 4,811 | |||||||||||||||||||||||||||||||
Newly Classified Troubled Debt Restructurings for the | |||||||||||||||||||||||||||||||||||||
Three Months ended March 31, 2013 | |||||||||||||||||||||||||||||||||||||
Number of loans | Pre-modification Recorded Balance | Post-modification Recorded Balance | Type of Modification | ||||||||||||||||||||||||||||||||||
(Unaudited; Dollars in thousands) | |||||||||||||||||||||||||||||||||||||
Commercial | $ | --- | $ | --- | $ | --- | --- | ||||||||||||||||||||||||||||||
Owner occupied 1-4 | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Non owner occupied 1-4 | 5 | 1,242 | 969 | A/B note, payment adjustment | |||||||||||||||||||||||||||||||||
Multi-family | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Commercial real estate | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Construction | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Land | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Consumer and home equity | --- | --- | --- | --- | |||||||||||||||||||||||||||||||||
Total | $ | 5 | $ | 1,242 | $ | 969 |
Disclosures_About_Fair_Value_o1
Disclosures About Fair Value of Financial Instruments (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Schedule of assets measured at fair value on a recurring basis | ' | |||||||||||||||
Fair Value Measurements Using | ||||||||||||||||
Fair Value | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(In thousands) | ||||||||||||||||
Available-for-sale securities | ||||||||||||||||
March 31, 2014 (Unaudited) | ||||||||||||||||
U.S. government-sponsored agencies | $ | 26,115 | $ | --- | $ | 26,115 | $ | --- | ||||||||
Mortgage-backed securities | 18,753 | --- | 18,753 | --- | ||||||||||||
Corporate bonds | 1,058 | --- | 1,058 | --- | ||||||||||||
State and political subdivision securities | 16,306 | --- | 16,306 | --- | ||||||||||||
Totals | $ | 62,232 | $ | --- | $ | 62,232 | $ | --- | ||||||||
31-Dec-13 | ||||||||||||||||
U.S. government-sponsored agencies | $ | 28,604 | $ | --- | $ | 28,604 | $ | --- | ||||||||
Mortgage-backed securities | 16,599 | --- | 16,599 | --- | ||||||||||||
Corporate bonds | 1,063 | --- | 1,063 | --- | ||||||||||||
State and political subdivision securities | 16,439 | --- | 16,439 | --- | ||||||||||||
Totals | $ | 62,705 | $ | --- | $ | 62,705 | $ | --- | ||||||||
Schedule of assets measured at fair value on nonrecurring basis | ' | |||||||||||||||
Fair Value Measurements Using | ||||||||||||||||
Fair Value | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(In thousands) | ||||||||||||||||
March 31, 2014 (Unaudited) | ||||||||||||||||
Collateral-dependent impaired loans | $ 825 | --- | --- | $ 825 | ||||||||||||
31-Dec-13 | ||||||||||||||||
Collateral-dependent impaired loans | $3,637 | --- | --- | $3,637 | ||||||||||||
Schedule of quantitative information of unobservable inputs used in nonrecurring Level 3 fair value measurements | ' | |||||||||||||||
Fair Value at | Valuation Technique | Unobservable Inputs | Range | |||||||||||||
31-Mar-14 | (Weighted Average) | |||||||||||||||
(Unaudited; In thousands) | ||||||||||||||||
March 31, 2014: | ||||||||||||||||
Collateral-dependent impaired loans | $825 | Market comparable properties | Marketability discount | 10%-20% | ||||||||||||
Fair Value at | Valuation Technique | Unobservable Inputs | Range | |||||||||||||
31-Dec-13 | (Weighted Average) | |||||||||||||||
(In thousands) | ||||||||||||||||
December 31, 2013: | ||||||||||||||||
Collateral-dependent impaired loans | $3,637 | Market comparable properties | Marketability discount | 10%-20% | ||||||||||||
Schedule of estimated fair values of financial instruments | ' | |||||||||||||||
Fair Value Measurements Using | ||||||||||||||||
Carrying Amount | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(In thousands) | ||||||||||||||||
March 31, 2014 (Unaudited) | ||||||||||||||||
Financial assets | ||||||||||||||||
Cash and cash equivalents | $ | 22,819 | $ | 22,819 | $ | --- | $ | --- | ||||||||
Interest-bearing time deposits | 1,247 | --- | 1,247 | --- | ||||||||||||
Loans held for sale | 1,547 | --- | 1,547 | --- | ||||||||||||
Loans, net of allowance for losses | 254,249 | --- | --- | 264,976 | ||||||||||||
Federal Home Loan Bank stock | 3,185 | --- | 3,185 | --- | ||||||||||||
Accrued interest receivable | 1,123 | --- | 1,123 | --- | ||||||||||||
Financial liabilities | ||||||||||||||||
Transaction and savings deposits | 189,921 | 189,921 | --- | --- | ||||||||||||
Time deposits | 122,298 | --- | --- | 123,536 | ||||||||||||
Federal Home Loan Bank advances | 10,000 | --- | 10,264 | --- | ||||||||||||
Accrued interest payable | 37 | --- | 37 | --- | ||||||||||||
December 31, 2013: | ||||||||||||||||
Financial assets | ||||||||||||||||
Cash and cash equivalents | $ | 24,198 | $ | 24,198 | $ | --- | $ | --- | ||||||||
Interest-bearing time deposits | 1,743 | --- | 1,743 | --- | ||||||||||||
Loans held for sale | 657 | --- | 657 | --- | ||||||||||||
Loans, net of allowance for losses | 254,703 | --- | --- | 265,715 | ||||||||||||
Federal Home Loan Bank stock | 3,185 | --- | 3,185 | --- | ||||||||||||
Accrued interest receivable | 1,114 | --- | 1,114 | --- | ||||||||||||
Financial liabilities | ||||||||||||||||
Transaction and savings deposits | 185,106 | 185,106 | --- | --- | ||||||||||||
Time deposits | 129,514 | --- | --- | 130,892 | ||||||||||||
Federal Home Loan Bank advances | 10,000 | --- | 10,289 | --- | ||||||||||||
Accrued interest payable | 34 | --- | 34 | --- |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Earnings Per Share [Abstract] | ' | ' |
Weighted average shares outstanding | 1,565,737 | 1,556,080 |
Stock options | 8,518 | 7,584 |
Shares used to compute diluted earnings per share | 1,574,255 | 1,563,664 |
Basic earnings per share | $0.33 | $0.42 |
Diluted earnings per share | $0.33 | $0.42 |
Earnings_Per_Share_Detail_Text
Earnings Per Share (Detail Textuals) (Stock Options) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Stock Options | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Number of potentially dilutive securities outstanding | 77,981 | 41,257 |
Antidilutive securities excluded from computation of earnings per share | ' | 17,116 |
Securities_Amortized_cost_and_
Securities - Amortized cost and approximate fair values, together with gross unrealized gains and losses (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available-for-sale Securities: | ' | ' |
Amortized Cost | $62,530 | $63,201 |
Gross Unrealized Gains | 353 | 346 |
Gross Unrealized Losses | -651 | -842 |
Approximate Fair Value | 62,232 | 62,705 |
U.S. Government sponsored agencies | ' | ' |
Available-for-sale Securities: | ' | ' |
Amortized Cost | 26,460 | 28,982 |
Gross Unrealized Gains | 31 | 39 |
Gross Unrealized Losses | -376 | -417 |
Approximate Fair Value | 26,115 | 28,604 |
Mortgage-backed securities-Government sponsored entities | ' | ' |
Available-for-sale Securities: | ' | ' |
Amortized Cost | 18,797 | 16,704 |
Gross Unrealized Gains | 127 | 122 |
Gross Unrealized Losses | -171 | -227 |
Approximate Fair Value | 18,753 | 16,599 |
Corporate bonds | ' | ' |
Available-for-sale Securities: | ' | ' |
Amortized Cost | 1,046 | 1,050 |
Gross Unrealized Gains | 12 | 13 |
Gross Unrealized Losses | ' | ' |
Approximate Fair Value | 1,058 | 1,063 |
State and political subdivisions | ' | ' |
Available-for-sale Securities: | ' | ' |
Amortized Cost | 16,227 | 16,465 |
Gross Unrealized Gains | 183 | 172 |
Gross Unrealized Losses | -104 | -198 |
Approximate Fair Value | $16,306 | $16,439 |
Securities_Amortized_cost_and_1
Securities - Amortized cost and fair value of available-for-sale securities by contractual maturity (Details 1) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available-for-sale Securities, Debt Maturities [Abstract] | ' | ' |
Amortized cost within one year | $1,403 | ' |
Amortized cost one to five years | 35,442 | ' |
Amortized cost five to ten years | 6,888 | ' |
Amortized cost after ten years | ' | ' |
Available for sale securities having debt maturities amortized cost | 43,733 | ' |
Amortized cost mortgage-backed securities | 18,797 | ' |
Available for sale securities amortized cost, Total | 62,530 | ' |
Fair value within one year | 1,412 | ' |
Fair value one to five years | 35,321 | ' |
Fair value five to ten years | 6,746 | ' |
Fair value after ten years | ' | ' |
Available for sale securities having debt securities fair value | 43,479 | ' |
Available for sale securities fair value mortgage-backed securities | 18,753 | ' |
Approximate Fair Value | $62,232 | $62,705 |
Securities_Gross_unrealized_lo
Securities - Gross unrealized losses and fair value, aggregated by investment category (Details 2) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' |
Less Than 12 Months Fair Value | $43,088 | $40,769 |
Less Than 12 Months Unrealized Losses | 651 | 841 |
12 Months or More Fair Value | ' | 7 |
12 Months or More Unrealized Losses | ' | 1 |
Total Fair Value | 43,088 | 40,776 |
Total Unrealized Losses | 651 | 842 |
U.S. Government sponsored agencies | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' |
Less Than 12 Months Fair Value | 20,626 | 21,587 |
Less Than 12 Months Unrealized Losses | 376 | 417 |
12 Months or More Fair Value | ' | ' |
12 Months or More Unrealized Losses | ' | ' |
Total Fair Value | 20,626 | 21,587 |
Total Unrealized Losses | 376 | 417 |
Mortgage-backed securities-Government sponsored entities | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' |
Less Than 12 Months Fair Value | 16,162 | 9,781 |
Less Than 12 Months Unrealized Losses | 171 | 226 |
12 Months or More Fair Value | ' | 7 |
12 Months or More Unrealized Losses | ' | 1 |
Total Fair Value | 16,162 | 9,788 |
Total Unrealized Losses | 171 | 227 |
State and political subdivisions securities | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' |
Less Than 12 Months Fair Value | 6,300 | 9,401 |
Less Than 12 Months Unrealized Losses | 104 | 198 |
12 Months or More Fair Value | ' | ' |
12 Months or More Unrealized Losses | ' | ' |
Total Fair Value | 6,300 | 9,401 |
Total Unrealized Losses | $104 | $198 |
Securities_Detail_Textuals
Securities (Detail Textuals) (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Dec. 31, 2013 | |
Investments, Debt and Equity Securities [Abstract] | ' | ' |
Carrying value of securities pledged as collateral | $1,800,000 | $1,800,000 |
Fair value of debt securities | $43,088,000 | $40,776,000 |
Percentage of debt securities in available-for-sale investment portfolio | 69.00% | 65.00% |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses - Categories of loans (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Real Estate | ' | ' | ' | ' |
Less Allowance for loan losses | ($6,394) | ($6,348) | ' | ' |
Net loans | 254,249 | 254,703 | ' | ' |
Loans Receivable | ' | ' | ' | ' |
Real Estate | ' | ' | ' | ' |
One-to-four family residential | 97,978 | 98,061 | ' | ' |
Multi-family residential | 49,904 | 49,866 | ' | ' |
Commercial real estate | 73,244 | 72,030 | ' | ' |
Construction and land development | 16,117 | 15,318 | ' | ' |
Commercial | 10,121 | 11,461 | ' | ' |
Consumer and other | 1,114 | 1,160 | ' | ' |
Home equity lines of credit | 16,174 | 16,050 | ' | ' |
Total loans | 264,652 | 263,946 | 282,576 | ' |
Less Net deferred loan fees, premiums and discounts | -434 | -408 | ' | ' |
Less Undisbursed portion of loans | -3,575 | -2,487 | ' | ' |
Less Allowance for loan losses | -6,394 | -6,348 | -6,062 | -5,900 |
Net loans | $254,249 | $254,703 | ' | ' |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses - Allocation of loan loss reserves by loan category (Details 1) (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Allowance for losses | ' | ' | ' |
Ending balance | $6,394 | ' | $6,348 |
Financing receivable, allowance for credit loss, additional information: | ' | ' | ' |
Total ALL | 6,394 | ' | 6,348 |
Loans Receivable | ' | ' | ' |
Allowance for losses | ' | ' | ' |
Beginning balance | 6,348 | 5,900 | 5,900 |
Provision charged to expense | ' | 400 | 650 |
Losses charged off | 96 | -321 | 517 |
Recoveries | 142 | 83 | 315 |
Ending balance | 6,394 | 6,062 | 6,348 |
Financing receivable, allowance for credit loss, additional information: | ' | ' | ' |
ALL individually evaluated | 916 | 297 | 798 |
ALL collectively evaluated | 5,478 | 5,765 | 5,550 |
Total ALL | 6,394 | 6,062 | 6,348 |
Loans individually evaluated | 12,955 | 14,762 | 13,085 |
Loans collectively evaluated | 251,697 | 267,814 | 250,861 |
Total loans | 264,652 | 282,576 | 263,946 |
Loans Receivable | Commercial | ' | ' | ' |
Allowance for losses | ' | ' | ' |
Beginning balance | 649 | 633 | 633 |
Provision charged to expense | -131 | 239 | -77 |
Losses charged off | ' | -29 | 32 |
Recoveries | 17 | 16 | 125 |
Ending balance | 535 | 859 | 649 |
Financing receivable, allowance for credit loss, additional information: | ' | ' | ' |
ALL individually evaluated | 59 | ' | 5 |
ALL collectively evaluated | 476 | 859 | 644 |
Total ALL | 535 | 859 | 649 |
Loans individually evaluated | 1,191 | 20 | 1,250 |
Loans collectively evaluated | 8,930 | 13,933 | 10,211 |
Total loans | 10,121 | 13,953 | 11,461 |
Loans Receivable | Owner Occupied 1-4 | ' | ' | ' |
Allowance for losses | ' | ' | ' |
Beginning balance | 753 | 589 | 589 |
Provision charged to expense | 19 | -64 | 236 |
Losses charged off | ' | ' | 73 |
Recoveries | ' | ' | 1 |
Ending balance | 772 | 525 | 753 |
Financing receivable, allowance for credit loss, additional information: | ' | ' | ' |
ALL individually evaluated | 9 | 12 | 13 |
ALL collectively evaluated | 763 | 513 | 740 |
Total ALL | 772 | 525 | 753 |
Loans individually evaluated | 906 | 1,682 | 921 |
Loans collectively evaluated | 51,982 | 45,476 | 51,098 |
Total loans | 52,888 | 47,158 | 52,019 |
Loans Receivable | Non-owner Occupied 1-4 | ' | ' | ' |
Allowance for losses | ' | ' | ' |
Beginning balance | 1,045 | 1,022 | 1,022 |
Provision charged to expense | -10 | 212 | 225 |
Losses charged off | 21 | -241 | 327 |
Recoveries | 55 | 60 | 125 |
Ending balance | 1,069 | 1,053 | 1,045 |
Financing receivable, allowance for credit loss, additional information: | ' | ' | ' |
ALL individually evaluated | 89 | 23 | 30 |
ALL collectively evaluated | 980 | 1,030 | 1,015 |
Total ALL | 1,069 | 1,053 | 1,045 |
Loans individually evaluated | 2,810 | 5,931 | 2,820 |
Loans collectively evaluated | 42,280 | 43,869 | 43,222 |
Total loans | 45,090 | 49,800 | 46,042 |
Loans Receivable | Multi-family | ' | ' | ' |
Allowance for losses | ' | ' | ' |
Beginning balance | 1,023 | 1,055 | 1,055 |
Provision charged to expense | 88 | -74 | -33 |
Losses charged off | ' | ' | ' |
Recoveries | 1 | ' | 1 |
Ending balance | 1,112 | 981 | 1,023 |
Financing receivable, allowance for credit loss, additional information: | ' | ' | ' |
ALL individually evaluated | 65 | 19 | ' |
ALL collectively evaluated | 1,047 | 962 | 1,023 |
Total ALL | 1,112 | 981 | 1,023 |
Loans individually evaluated | 766 | 2,173 | 522 |
Loans collectively evaluated | 49,138 | 59,552 | 49,344 |
Total loans | 49,904 | 61,725 | 49,866 |
Loans Receivable | Commercial Real Estate | ' | ' | ' |
Allowance for losses | ' | ' | ' |
Beginning balance | 2,436 | 2,177 | 2,177 |
Provision charged to expense | 129 | 9 | 278 |
Losses charged off | 75 | -51 | 40 |
Recoveries | 4 | ' | 21 |
Ending balance | 2,494 | 2,135 | 2,436 |
Financing receivable, allowance for credit loss, additional information: | ' | ' | ' |
ALL individually evaluated | 693 | 243 | 749 |
ALL collectively evaluated | 1,801 | 1,892 | 1,687 |
Total ALL | 2,494 | 2,135 | 2,436 |
Loans individually evaluated | 6,617 | 4,131 | 6,703 |
Loans collectively evaluated | 66,627 | 71,973 | 65,327 |
Total loans | 73,244 | 76,104 | 72,030 |
Loans Receivable | Construction | ' | ' | ' |
Allowance for losses | ' | ' | ' |
Beginning balance | 38 | 62 | 62 |
Provision charged to expense | 6 | -20 | -24 |
Losses charged off | ' | ' | ' |
Recoveries | ' | ' | ' |
Ending balance | 44 | 42 | 38 |
Financing receivable, allowance for credit loss, additional information: | ' | ' | ' |
ALL individually evaluated | ' | ' | ' |
ALL collectively evaluated | 44 | 42 | 38 |
Total ALL | 44 | 42 | 38 |
Loans individually evaluated | ' | ' | ' |
Loans collectively evaluated | 7,220 | 7,673 | 5,446 |
Total loans | 7,220 | 7,673 | 5,446 |
Loans Receivable | Land | ' | ' | ' |
Allowance for losses | ' | ' | ' |
Beginning balance | 146 | 154 | 154 |
Provision charged to expense | -101 | 129 | -40 |
Losses charged off | ' | ' | 10 |
Recoveries | 65 | 7 | 42 |
Ending balance | 110 | 290 | 146 |
Financing receivable, allowance for credit loss, additional information: | ' | ' | ' |
ALL individually evaluated | 1 | ' | 1 |
ALL collectively evaluated | 109 | 290 | 145 |
Total ALL | 110 | 290 | 146 |
Loans individually evaluated | 575 | 734 | 779 |
Loans collectively evaluated | 8,322 | 8,713 | 9,093 |
Total loans | 8,897 | 9,447 | 9,872 |
Loans Receivable | Consumer and Home Equity | ' | ' | ' |
Allowance for losses | ' | ' | ' |
Beginning balance | 258 | 208 | 208 |
Provision charged to expense | ' | -31 | 85 |
Losses charged off | ' | ' | 35 |
Recoveries | ' | ' | ' |
Ending balance | 258 | 177 | 258 |
Financing receivable, allowance for credit loss, additional information: | ' | ' | ' |
ALL individually evaluated | ' | ' | ' |
ALL collectively evaluated | 258 | 177 | 258 |
Total ALL | 258 | 177 | 258 |
Loans individually evaluated | 90 | 91 | 90 |
Loans collectively evaluated | 17,198 | 16,625 | 17,120 |
Total loans | $17,288 | $16,716 | $17,210 |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses - Analysis of loan quality (Details 2) (Loans Receivable, USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | $264,652 | $263,946 | $282,576 |
Commercial | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 10,121 | 11,461 | 13,953 |
Owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 52,888 | 52,019 | 47,158 |
Non-owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 45,090 | 46,042 | 49,800 |
Multi-family | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 49,904 | 49,866 | 61,725 |
Commercial Real Estate | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 73,244 | 72,030 | 76,104 |
Construction | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 7,220 | 5,446 | 7,673 |
Land | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 8,897 | 9,872 | 9,447 |
Consumer and Home Equity | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 17,288 | 17,210 | 16,716 |
Superior | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 5,632 | 6,241 | ' |
Superior | Commercial | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 18 | 20 | ' |
Superior | Owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 3,450 | 3,703 | ' |
Superior | Non-owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 220 | 427 | ' |
Superior | Multi-family | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Superior | Commercial Real Estate | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 96 | 98 | ' |
Superior | Construction | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Superior | Land | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 76 | 139 | ' |
Superior | Consumer and Home Equity | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 1,772 | 1,854 | ' |
Good | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 60,767 | 57,903 | ' |
Good | Commercial | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 2,177 | 1,528 | ' |
Good | Owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 26,423 | 24,965 | ' |
Good | Non-owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 3,741 | 3,307 | ' |
Good | Multi-family | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 158 | 1,755 | ' |
Good | Commercial Real Estate | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 12,546 | 10,784 | ' |
Good | Construction | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 2,747 | 2,393 | ' |
Good | Land | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 1,715 | 1,752 | ' |
Good | Consumer and Home Equity | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 11,260 | 11,419 | ' |
Pass Low risk | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 84,659 | 80,192 | ' |
Pass Low risk | Commercial | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 4,002 | 3,872 | ' |
Pass Low risk | Owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 16,153 | 16,321 | ' |
Pass Low risk | Non-owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 10,477 | 10,896 | ' |
Pass Low risk | Multi-family | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 21,882 | 22,131 | ' |
Pass Low risk | Commercial Real Estate | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 20,449 | 16,340 | ' |
Pass Low risk | Construction | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 3,609 | 2,806 | ' |
Pass Low risk | Land | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 4,518 | 4,552 | ' |
Pass Low risk | Consumer and Home Equity | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 3,569 | 3,274 | ' |
Pass | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 74,372 | 76,387 | ' |
Pass | Commercial | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 1,968 | 3,035 | ' |
Pass | Owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 4,904 | 5,088 | ' |
Pass | Non-owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 22,835 | 22,579 | ' |
Pass | Multi-family | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 19,497 | 19,006 | ' |
Pass | Commercial Real Estate | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 22,021 | 23,604 | ' |
Pass | Construction | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 864 | 247 | ' |
Pass | Land | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 1,696 | 2,239 | ' |
Pass | Consumer and Home Equity | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 587 | 589 | ' |
Watch | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 20,867 | 24,268 | ' |
Watch | Commercial | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 68 | 860 | ' |
Watch | Owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 983 | 926 | ' |
Watch | Non-owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 3,678 | 4,518 | ' |
Watch | Multi-family | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 6,610 | 5,447 | ' |
Watch | Commercial Real Estate | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 9,390 | 12,397 | ' |
Watch | Construction | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Watch | Land | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 75 | 85 | ' |
Watch | Consumer and Home Equity | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 63 | 35 | ' |
Special mention | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 4,065 | 3,776 | ' |
Special mention | Commercial | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Special mention | Owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 270 | 274 | ' |
Special mention | Non-owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 1,145 | 1,248 | ' |
Special mention | Multi-family | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 1,696 | 1,461 | ' |
Special mention | Commercial Real Estate | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 600 | 343 | ' |
Special mention | Construction | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Special mention | Land | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 317 | 412 | ' |
Special mention | Consumer and Home Equity | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 37 | 38 | ' |
Substandard | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 14,290 | 15,179 | ' |
Substandard | Commercial | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 1,888 | 2,146 | ' |
Substandard | Owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 705 | 742 | ' |
Substandard | Non-owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 2,994 | 3,067 | ' |
Substandard | Multi-family | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 61 | 66 | ' |
Substandard | Commercial Real Estate | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 8,142 | 8,464 | ' |
Substandard | Construction | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Substandard | Land | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | 500 | 693 | ' |
Substandard | Consumer and Home Equity | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | 1 | ' |
Doubtful | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Doubtful | Commercial | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Doubtful | Owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Doubtful | Non-owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Doubtful | Multi-family | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Doubtful | Commercial Real Estate | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Doubtful | Construction | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Doubtful | Land | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Doubtful | Consumer and Home Equity | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Loss | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Loss | Commercial | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Loss | Owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Loss | Non-owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Loss | Multi-family | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Loss | Commercial Real Estate | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Loss | Construction | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Loss | Land | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Loss | Consumer and Home Equity | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Total loans evaluated | ' | ' | ' |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses - Analysis of past due loans segregated by loan type (Details 3) (Loans Receivable, USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past due loans 30-59 Days | $46 | $483 | ' |
Past due loans 60-89 Days | 157 | 388 | ' |
Past due loans Over 90 Days | 1,188 | 1,384 | ' |
Total Past Due | 1,391 | 2,255 | ' |
Current | 263,261 | 261,691 | ' |
Total loans | 264,652 | 263,946 | 282,576 |
Under 90 Days and Not Accruing | 1,200 | 1,188 | ' |
Total 90 Days and Accruing | ' | ' | ' |
Commercial | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past due loans 30-59 Days | ' | ' | ' |
Past due loans 60-89 Days | ' | 140 | ' |
Past due loans Over 90 Days | 140 | ' | ' |
Total Past Due | 140 | 140 | ' |
Current | 9,981 | 11,321 | ' |
Total loans | 10,121 | 11,461 | 13,953 |
Under 90 Days and Not Accruing | ' | ' | ' |
Total 90 Days and Accruing | ' | ' | ' |
Owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past due loans 30-59 Days | 25 | 84 | ' |
Past due loans 60-89 Days | 72 | ' | ' |
Past due loans Over 90 Days | ' | ' | ' |
Total Past Due | 97 | 84 | ' |
Current | 52,791 | 51,935 | ' |
Total loans | 52,888 | 52,019 | 47,158 |
Under 90 Days and Not Accruing | 519 | 553 | ' |
Total 90 Days and Accruing | ' | ' | ' |
Non-owner Occupied 1-4 | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past due loans 30-59 Days | ' | 362 | ' |
Past due loans 60-89 Days | ' | 183 | ' |
Past due loans Over 90 Days | 1,048 | 1,152 | ' |
Total Past Due | 1,048 | 1,697 | ' |
Current | 44,042 | 44,345 | ' |
Total loans | 45,090 | 46,042 | 49,800 |
Under 90 Days and Not Accruing | 605 | 554 | ' |
Total 90 Days and Accruing | ' | ' | ' |
Multi-family | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past due loans 30-59 Days | ' | ' | ' |
Past due loans 60-89 Days | ' | 65 | ' |
Past due loans Over 90 Days | ' | ' | ' |
Total Past Due | ' | 65 | ' |
Current | 49,904 | 49,801 | ' |
Total loans | 49,904 | 49,866 | 61,725 |
Under 90 Days and Not Accruing | 61 | 65 | ' |
Total 90 Days and Accruing | ' | ' | ' |
Commercial Real Estate | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past due loans 30-59 Days | 15 | ' | ' |
Past due loans 60-89 Days | 85 | ' | ' |
Past due loans Over 90 Days | ' | 111 | ' |
Total Past Due | 100 | 111 | ' |
Current | 73,144 | 71,919 | ' |
Total loans | 73,244 | 72,030 | 76,104 |
Under 90 Days and Not Accruing | 15 | 16 | ' |
Total 90 Days and Accruing | ' | ' | ' |
Construction | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past due loans 30-59 Days | ' | ' | ' |
Past due loans 60-89 Days | ' | ' | ' |
Past due loans Over 90 Days | ' | ' | ' |
Total Past Due | ' | ' | ' |
Current | 7,220 | 5,446 | ' |
Total loans | 7,220 | 5,446 | 7,673 |
Under 90 Days and Not Accruing | ' | ' | ' |
Total 90 Days and Accruing | ' | ' | ' |
Land | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past due loans 30-59 Days | ' | 35 | ' |
Past due loans 60-89 Days | ' | ' | ' |
Past due loans Over 90 Days | ' | 121 | ' |
Total Past Due | ' | 156 | ' |
Current | 8,897 | 9,716 | ' |
Total loans | 8,897 | 9,872 | 9,447 |
Under 90 Days and Not Accruing | ' | ' | ' |
Total 90 Days and Accruing | ' | ' | ' |
Consumer and Home Equity | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past due loans 30-59 Days | 6 | 2 | ' |
Past due loans 60-89 Days | ' | ' | ' |
Past due loans Over 90 Days | ' | ' | ' |
Total Past Due | 6 | 2 | ' |
Current | 17,282 | 17,208 | ' |
Total loans | 17,288 | 17,210 | 16,716 |
Under 90 Days and Not Accruing | ' | ' | ' |
Total 90 Days and Accruing | ' | ' | ' |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses - Impaired loans and interest recognized (Details 4) (Loans Receivable, USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Loans without a specific valuation allowance | ' | ' | ' |
Loans without a specific valuation allowance, Recorded Balance | $7,988 | ' | $7,094 |
Loans without a specific valuation allowance, Unpaid Principal Balance | 8,424 | ' | 8,423 |
Loans without a specific valuation allowance Average Impaired Loans | 8,446 | 14,350 | ' |
Loans without a specific valuation allowance, Interest Income Recognized | 74 | 213 | ' |
Loans with a specific valuation allowance | ' | ' | ' |
Loans with a specific valuation allowance, Recorded Balance | 4,967 | ' | 5,991 |
Loans with a specific valuation allowance, Unpaid Principal Balance | 4,971 | ' | 5,513 |
Loans with a specific valuation allowance, Specific Allowance | 916 | ' | 798 |
Loans with a specific valuation allowance, Average Impaired Loans | 4,574 | 2,138 | ' |
Loans with a specific valuation allowance, Interest Income Recognized | 48 | 16 | ' |
Total | ' | ' | ' |
Total Recorded Balance | 12,955 | ' | 13,085 |
Total Unpaid Principal Balance | 13,395 | ' | 13,936 |
Total Specific Allowance | 916 | ' | 798 |
Total Average Impaired Loans | 13,020 | 16,488 | ' |
Total Interest Income Recognized | 122 | 229 | ' |
Commercial | ' | ' | ' |
Loans without a specific valuation allowance | ' | ' | ' |
Loans without a specific valuation allowance, Recorded Balance | 1,051 | ' | ' |
Loans without a specific valuation allowance, Unpaid Principal Balance | 1,051 | ' | ' |
Loans without a specific valuation allowance Average Impaired Loans | 1,150 | 34 | ' |
Loans without a specific valuation allowance, Interest Income Recognized | 15 | ' | ' |
Loans with a specific valuation allowance | ' | ' | ' |
Loans with a specific valuation allowance, Recorded Balance | 140 | ' | 1,250 |
Loans with a specific valuation allowance, Unpaid Principal Balance | 140 | ' | 1,250 |
Loans with a specific valuation allowance, Specific Allowance | 59 | ' | 5 |
Loans with a specific valuation allowance, Average Impaired Loans | 70 | ' | ' |
Loans with a specific valuation allowance, Interest Income Recognized | 4 | ' | ' |
Total | ' | ' | ' |
Total Recorded Balance | 1,191 | ' | 1,250 |
Total Unpaid Principal Balance | 1,191 | ' | 1,250 |
Total Specific Allowance | 59 | ' | 5 |
Total Average Impaired Loans | 1,220 | 34 | ' |
Total Interest Income Recognized | 19 | ' | ' |
Owner Occupied 1-4 | ' | ' | ' |
Loans without a specific valuation allowance | ' | ' | ' |
Loans without a specific valuation allowance, Recorded Balance | 807 | ' | 793 |
Loans without a specific valuation allowance, Unpaid Principal Balance | 841 | ' | 922 |
Loans without a specific valuation allowance Average Impaired Loans | 814 | 1,422 | ' |
Loans without a specific valuation allowance, Interest Income Recognized | 6 | 7 | ' |
Loans with a specific valuation allowance | ' | ' | ' |
Loans with a specific valuation allowance, Recorded Balance | 99 | ' | 128 |
Loans with a specific valuation allowance, Unpaid Principal Balance | 103 | ' | 132 |
Loans with a specific valuation allowance, Specific Allowance | 9 | ' | 13 |
Loans with a specific valuation allowance, Average Impaired Loans | 100 | 231 | ' |
Loans with a specific valuation allowance, Interest Income Recognized | ' | ' | ' |
Total | ' | ' | ' |
Total Recorded Balance | 906 | ' | 921 |
Total Unpaid Principal Balance | 944 | ' | 1,054 |
Total Specific Allowance | 9 | ' | 13 |
Total Average Impaired Loans | 914 | 1,653 | ' |
Total Interest Income Recognized | 6 | 7 | ' |
Non-owner Occupied 1-4 | ' | ' | ' |
Loans without a specific valuation allowance | ' | ' | ' |
Loans without a specific valuation allowance, Recorded Balance | 2,419 | ' | 2,543 |
Loans without a specific valuation allowance, Unpaid Principal Balance | 2,680 | ' | 3,264 |
Loans without a specific valuation allowance Average Impaired Loans | 2,499 | 5,663 | ' |
Loans without a specific valuation allowance, Interest Income Recognized | 16 | 105 | ' |
Loans with a specific valuation allowance | ' | ' | ' |
Loans with a specific valuation allowance, Recorded Balance | 391 | ' | 277 |
Loans with a specific valuation allowance, Unpaid Principal Balance | 391 | ' | 277 |
Loans with a specific valuation allowance, Specific Allowance | 89 | ' | 30 |
Loans with a specific valuation allowance, Average Impaired Loans | 316 | 276 | ' |
Loans with a specific valuation allowance, Interest Income Recognized | 1 | 1 | ' |
Total | ' | ' | ' |
Total Recorded Balance | 2,810 | ' | 2,820 |
Total Unpaid Principal Balance | 3,071 | ' | 3,541 |
Total Specific Allowance | 89 | ' | 30 |
Total Average Impaired Loans | 2,815 | 5,939 | ' |
Total Interest Income Recognized | 17 | 106 | ' |
Multi-family | ' | ' | ' |
Loans without a specific valuation allowance | ' | ' | ' |
Loans without a specific valuation allowance, Recorded Balance | 510 | ' | 522 |
Loans without a specific valuation allowance, Unpaid Principal Balance | 531 | ' | 541 |
Loans without a specific valuation allowance Average Impaired Loans | 516 | 2,456 | ' |
Loans without a specific valuation allowance, Interest Income Recognized | 1 | 39 | ' |
Loans with a specific valuation allowance | ' | ' | ' |
Loans with a specific valuation allowance, Recorded Balance | 256 | ' | ' |
Loans with a specific valuation allowance, Unpaid Principal Balance | 256 | ' | ' |
Loans with a specific valuation allowance, Specific Allowance | 65 | ' | ' |
Loans with a specific valuation allowance, Average Impaired Loans | 128 | 76 | ' |
Loans with a specific valuation allowance, Interest Income Recognized | ' | ' | ' |
Total | ' | ' | ' |
Total Recorded Balance | 766 | ' | 522 |
Total Unpaid Principal Balance | 787 | ' | 541 |
Total Specific Allowance | 65 | ' | ' |
Total Average Impaired Loans | 644 | 2,532 | ' |
Total Interest Income Recognized | 1 | 39 | ' |
Commercial Real Estate | ' | ' | ' |
Loans without a specific valuation allowance | ' | ' | ' |
Loans without a specific valuation allowance, Recorded Balance | 2,611 | ' | 2,452 |
Loans without a specific valuation allowance, Unpaid Principal Balance | 2,612 | ' | 2,646 |
Loans without a specific valuation allowance Average Impaired Loans | 2,780 | 3,627 | ' |
Loans without a specific valuation allowance, Interest Income Recognized | 35 | 60 | ' |
Loans with a specific valuation allowance | ' | ' | ' |
Loans with a specific valuation allowance, Recorded Balance | 4,006 | ' | 4,251 |
Loans with a specific valuation allowance, Unpaid Principal Balance | 4,006 | ' | 3,769 |
Loans with a specific valuation allowance, Specific Allowance | 693 | ' | 749 |
Loans with a specific valuation allowance, Average Impaired Loans | 3,880 | 1,555 | ' |
Loans with a specific valuation allowance, Interest Income Recognized | 42 | 15 | ' |
Total | ' | ' | ' |
Total Recorded Balance | 6,617 | ' | 6,703 |
Total Unpaid Principal Balance | 6,618 | ' | 6,415 |
Total Specific Allowance | 693 | ' | 749 |
Total Average Impaired Loans | 6,660 | 5,182 | ' |
Total Interest Income Recognized | 77 | 75 | ' |
Construction | ' | ' | ' |
Loans without a specific valuation allowance | ' | ' | ' |
Loans without a specific valuation allowance, Recorded Balance | ' | ' | ' |
Loans without a specific valuation allowance, Unpaid Principal Balance | ' | ' | ' |
Loans without a specific valuation allowance Average Impaired Loans | ' | ' | ' |
Loans without a specific valuation allowance, Interest Income Recognized | ' | ' | ' |
Loans with a specific valuation allowance | ' | ' | ' |
Loans with a specific valuation allowance, Recorded Balance | ' | ' | ' |
Loans with a specific valuation allowance, Unpaid Principal Balance | ' | ' | ' |
Loans with a specific valuation allowance, Specific Allowance | ' | ' | ' |
Loans with a specific valuation allowance, Average Impaired Loans | ' | ' | ' |
Loans with a specific valuation allowance, Interest Income Recognized | ' | ' | ' |
Total | ' | ' | ' |
Total Recorded Balance | ' | ' | ' |
Total Unpaid Principal Balance | ' | ' | ' |
Total Specific Allowance | ' | ' | ' |
Total Average Impaired Loans | ' | ' | ' |
Total Interest Income Recognized | ' | ' | ' |
Land | ' | ' | ' |
Loans without a specific valuation allowance | ' | ' | ' |
Loans without a specific valuation allowance, Recorded Balance | 500 | ' | 694 |
Loans without a specific valuation allowance, Unpaid Principal Balance | 610 | ' | 959 |
Loans without a specific valuation allowance Average Impaired Loans | 597 | 1,056 | ' |
Loans without a specific valuation allowance, Interest Income Recognized | ' | ' | ' |
Loans with a specific valuation allowance | ' | ' | ' |
Loans with a specific valuation allowance, Recorded Balance | 75 | ' | 85 |
Loans with a specific valuation allowance, Unpaid Principal Balance | 75 | ' | 85 |
Loans with a specific valuation allowance, Specific Allowance | 1 | ' | 1 |
Loans with a specific valuation allowance, Average Impaired Loans | 80 | ' | ' |
Loans with a specific valuation allowance, Interest Income Recognized | 1 | ' | ' |
Total | ' | ' | ' |
Total Recorded Balance | 575 | ' | 779 |
Total Unpaid Principal Balance | 685 | ' | 1,044 |
Total Specific Allowance | 1 | ' | 1 |
Total Average Impaired Loans | 677 | 1,056 | ' |
Total Interest Income Recognized | 1 | ' | ' |
Consumer and Home Equity | ' | ' | ' |
Loans without a specific valuation allowance | ' | ' | ' |
Loans without a specific valuation allowance, Recorded Balance | 90 | ' | 90 |
Loans without a specific valuation allowance, Unpaid Principal Balance | 99 | ' | 91 |
Loans without a specific valuation allowance Average Impaired Loans | 90 | 92 | ' |
Loans without a specific valuation allowance, Interest Income Recognized | 1 | 2 | ' |
Loans with a specific valuation allowance | ' | ' | ' |
Loans with a specific valuation allowance, Recorded Balance | ' | ' | ' |
Loans with a specific valuation allowance, Unpaid Principal Balance | ' | ' | ' |
Loans with a specific valuation allowance, Specific Allowance | ' | ' | ' |
Loans with a specific valuation allowance, Average Impaired Loans | ' | ' | ' |
Loans with a specific valuation allowance, Interest Income Recognized | ' | ' | ' |
Total | ' | ' | ' |
Total Recorded Balance | 90 | ' | 90 |
Total Unpaid Principal Balance | 99 | ' | 91 |
Total Specific Allowance | ' | ' | ' |
Total Average Impaired Loans | 90 | 92 | ' |
Total Interest Income Recognized | $1 | $2 | ' |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses - Breakdown of non-accruing loans by loan class (Details 5) (Loans Receivable, USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Breakdown Of Non Accruing Loans By Loan Class [Line Items] | ' | ' |
Non accruing loans | $2,389 | $2,572 |
Commercial | ' | ' |
Breakdown Of Non Accruing Loans By Loan Class [Line Items] | ' | ' |
Non accruing loans | 140 | ' |
Owner occupied 1-4 | ' | ' |
Breakdown Of Non Accruing Loans By Loan Class [Line Items] | ' | ' |
Non accruing loans | 520 | 553 |
Non-owner occupied 1-4 | ' | ' |
Breakdown Of Non Accruing Loans By Loan Class [Line Items] | ' | ' |
Non accruing loans | 1,653 | 1,706 |
Multi-family | ' | ' |
Breakdown Of Non Accruing Loans By Loan Class [Line Items] | ' | ' |
Non accruing loans | 61 | 66 |
Commercial real estate | ' | ' |
Breakdown Of Non Accruing Loans By Loan Class [Line Items] | ' | ' |
Non accruing loans | 15 | 126 |
Land | ' | ' |
Breakdown Of Non Accruing Loans By Loan Class [Line Items] | ' | ' |
Non accruing loans | ' | $21 |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses - Troubled debt restructurings by class (Details 6) (Loans Receivable, USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Loan | Loan | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 12 | 5 |
Pre-modification Recorded Balance | $4,811 | $1,242 |
Post-modification Recorded Balance | 4,811 | 969 |
Commercial | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | ' | ' |
Pre-modification Recorded Balance | ' | ' |
Post-modification Recorded Balance | ' | ' |
Owner occupied 1-4 | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 3 | ' |
Pre-modification Recorded Balance | 277 | ' |
Post-modification Recorded Balance | 277 | ' |
Type of Modification | 'Rate | ' |
Non-owner Occupied 1-4 | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 5 | 5 |
Pre-modification Recorded Balance | 257 | 1,242 |
Post-modification Recorded Balance | 257 | 969 |
Type of Modification | 'Term extended | 'A/B note, payment adjustment |
Multi-family | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 1 | ' |
Pre-modification Recorded Balance | 256 | ' |
Post-modification Recorded Balance | 256 | ' |
Type of Modification | 'Assumption | ' |
Commercial real estate | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 3 | ' |
Pre-modification Recorded Balance | 4,021 | ' |
Post-modification Recorded Balance | 4,021 | ' |
Type of Modification | 'Term extended, payment | ' |
Construction | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | ' | ' |
Pre-modification Recorded Balance | ' | ' |
Post-modification Recorded Balance | ' | ' |
Land | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | ' | ' |
Pre-modification Recorded Balance | ' | ' |
Post-modification Recorded Balance | ' | ' |
Consumer and home equity | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | ' | ' |
Pre-modification Recorded Balance | ' | ' |
Post-modification Recorded Balance | ' | ' |
Loans_and_Allowance_for_Loan_L9
Loans and Allowance for Loan Losses (Detail Textuals) (Loans Receivable, USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Loans Receivable | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Loans to related parties | $1.40 | $2.60 |
Paydowns from related parties | 1.2 | ' |
Troubled debt restructuring placement back on accrual basis | $10.60 | ' |
Disclosures_About_Fair_Value_o2
Disclosures About Fair Value of Assets and Liabilities - Measurement of fair value of assets on recurring basis (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | $62,232 | $62,705 |
Recurring | Fair Value | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | 62,232 | 62,705 |
Recurring | Fair Value | U.S. government-sponsored agencies | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | 26,115 | 28,604 |
Recurring | Fair Value | Mortgage-backed securities | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | 18,753 | 16,599 |
Recurring | Fair Value | Corporate bonds | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | 1,058 | 1,063 |
Recurring | Fair Value | State and political subdivisions securities | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | 16,306 | 16,439 |
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | ' | ' |
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government-sponsored agencies | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | ' | ' |
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | ' | ' |
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate bonds | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | ' | ' |
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | State and political subdivisions securities | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | ' | ' |
Recurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | 62,232 | 62,705 |
Recurring | Significant Other Observable Inputs (Level 2) | U.S. government-sponsored agencies | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | 26,115 | 28,604 |
Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-backed securities | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | 18,753 | 16,599 |
Recurring | Significant Other Observable Inputs (Level 2) | Corporate bonds | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | 1,058 | 1,063 |
Recurring | Significant Other Observable Inputs (Level 2) | State and political subdivisions securities | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | 16,306 | 16,439 |
Recurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | ' | ' |
Recurring | Significant Unobservable Inputs (Level 3) | U.S. government-sponsored agencies | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | ' | ' |
Recurring | Significant Unobservable Inputs (Level 3) | Mortgage-backed securities | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | ' | ' |
Recurring | Significant Unobservable Inputs (Level 3) | Corporate bonds | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | ' | ' |
Recurring | Significant Unobservable Inputs (Level 3) | State and political subdivisions securities | ' | ' |
Available-for-sale Securities: | ' | ' |
Total available-for-sale securities | ' | ' |
Disclosures_About_Fair_Value_o3
Disclosures About Fair Value of Assets and Liabilities - Measurement of fair value of assets on nonrecurring basis (Details 1) (Nonrecurring, USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral-dependent impaired loans | $825 | $3,637 |
Quoted Prices in Active Markets for Identical Assets (Level 1) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral-dependent impaired loans | ' | ' |
Significant Other Observable Inputs (Level 2) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral-dependent impaired loans | ' | ' |
Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Collateral-dependent impaired loans | $825 | $3,637 |
Disclosures_About_Fair_Value_o4
Disclosures About Fair Value of Assets and Liabilities - Estimated fair values (Details 2) (Nonrecurring, Significant Unobservable Inputs (Level 3), Market comparable properties, USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Fair Value Inputs, Liabilities, Quantitative Information [Line Items] | ' | ' |
Collateral-dependent impaired loans | $825 | $3,637 |
Valuation Technique | 'Market comparable properties | 'Market comparable properties |
Minimum | ' | ' |
Fair Value Inputs, Liabilities, Quantitative Information [Line Items] | ' | ' |
Marketability discount, range (weighted average) | 10.00% | 10.00% |
Maximum | ' | ' |
Fair Value Inputs, Liabilities, Quantitative Information [Line Items] | ' | ' |
Marketability discount, range (weighted average) | 20.00% | 20.00% |
Disclosures_About_Fair_Value_o5
Disclosures About Fair Value of Assets and Liabilities - Quantitative information about unobservable inputs used in recurring and nonrecurring (Details 3) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Carrying Amount | ' | ' |
Financial assets | ' | ' |
Cash and cash equivalents | $22,819 | $24,198 |
Interest-bearing time deposits | 1,247 | 1,743 |
Loans held for sale | 1,547 | 657 |
Loans, net of allowance for losses | 254,249 | 254,703 |
Federal Home Loan Bank stock | 3,185 | 3,185 |
Accrued interest receivable | 1,123 | 1,114 |
Financial liabilities | ' | ' |
Transaction and savings deposits | 189,921 | 185,106 |
Time Deposits | 122,298 | 129,514 |
Federal Home Loan Bank advances | 10,000 | 10,000 |
Accrued interest payable | 37 | 34 |
Quoted Prices in Active Markets for Identical Assets (Level 1) | ' | ' |
Financial assets | ' | ' |
Cash and cash equivalents | 22,819 | 24,198 |
Interest-bearing time deposits | ' | ' |
Loans held for sale | ' | ' |
Loans, net of allowance for losses | ' | ' |
Federal Home Loan Bank stock | ' | ' |
Accrued interest receivable | ' | ' |
Financial liabilities | ' | ' |
Transaction and savings deposits | 189,921 | 185,106 |
Time Deposits | ' | ' |
Federal Home Loan Bank advances | ' | ' |
Accrued interest payable | ' | ' |
Significant Other Observable Inputs (Level 2) | ' | ' |
Financial assets | ' | ' |
Cash and cash equivalents | ' | ' |
Interest-bearing time deposits | 1,247 | 1,743 |
Loans held for sale | 1,547 | 657 |
Loans, net of allowance for losses | ' | ' |
Federal Home Loan Bank stock | 3,185 | 3,185 |
Accrued interest receivable | 1,123 | 1,114 |
Financial liabilities | ' | ' |
Transaction and savings deposits | ' | ' |
Time Deposits | ' | ' |
Federal Home Loan Bank advances | 10,264 | 10,289 |
Accrued interest payable | 37 | 34 |
Significant Unobservable Inputs (Level 3) | ' | ' |
Financial assets | ' | ' |
Cash and cash equivalents | ' | ' |
Interest-bearing time deposits | ' | ' |
Loans held for sale | ' | ' |
Loans, net of allowance for losses | 264,976 | 265,715 |
Federal Home Loan Bank stock | ' | ' |
Accrued interest receivable | ' | ' |
Financial liabilities | ' | ' |
Transaction and savings deposits | ' | ' |
Time Deposits | 123,536 | 130,892 |
Federal Home Loan Bank advances | ' | ' |
Accrued interest payable | ' | ' |