Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2015 | 15-May-15 | |
Document Information [Line Items] | ||
Entity Registrant Name | FNBH BANCORP INC | |
Entity Central Index Key | 943119 | |
Current Fiscal Year End Date | -19 | |
Entity Filer Category | Smaller Reporting Company | |
Trading Symbol | FNHM | |
Entity Common Stock, Shares Outstanding | 27,770,423 | |
Document Type | 10-Q | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Assets | ||
Cash and due from banks | $32,853 | $26,138 |
Short term investments | 198 | 198 |
Total cash and cash equivalents | 33,051 | 26,336 |
Investment securities: | ||
Investment securities available for sale, at fair value | 126,342 | 132,175 |
FHLBI and FRB stock, at cost | 1,140 | 1,140 |
Total investment securities | 127,482 | 133,315 |
Loans held for investment: | ||
Commercial | 128,864 | 132,382 |
Consumer | 18,889 | 17,593 |
Real estate mortgage | 14,532 | 10,071 |
Total loans held for investment | 162,285 | 160,046 |
Less allowance for loan losses | -7,162 | -7,109 |
Net loans held for investment | 155,123 | 152,937 |
Premises and equipment, net | 7,288 | 7,366 |
Other real estate owned, held for sale | 1,052 | 1,174 |
Accrued interest and other assets | 1,592 | 1,698 |
Total assets | 325,588 | 322,826 |
Liabilities and Shareholders' Equity | ||
Demand (non-interest bearing) | 97,890 | 102,258 |
NOW | 32,679 | 31,652 |
Savings and money market | 95,831 | 88,247 |
Time deposits | 66,251 | 68,222 |
Total deposits | 292,651 | 290,379 |
Accrued interest, taxes, and other liabilities | 1,478 | 1,303 |
Total liabilities | 294,129 | 291,682 |
Shareholders' Equity | ||
Common stock, no par value. Authorized 40,000,000 shares at March 31, 2015 and December 31, 2014; 27,770,423 shares issued and outstanding at March 31, 2015 and 27,770,143 shares issued and outstanding at December 31, 2014 | 25,490 | 25,449 |
Retained earnings | 5,661 | 5,528 |
Deferred directors' compensation | 183 | 224 |
Accumulated other comprehensive income (loss) | 125 | -57 |
Total shareholders' equity | 31,459 | 31,144 |
Total liabilities and shareholders' equity | 325,588 | 322,826 |
Series A Preferred Stock [Member] | ||
Shareholders' Equity | ||
Preferred Stock Value | 0 | 0 |
Series B Preferred Stock [Member] | ||
Shareholders' Equity | ||
Preferred Stock Value | $0 | $0 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets [Parenthetical] (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Common stock, par value (in dollars per share) | $0 | $0 |
Common stock, authorized | 40,000,000 | 40,000,000 |
Common stock, issued | 27,770,423 | 27,770,143 |
Common stock, outstanding | 27,770,423 | 27,770,143 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $0 | $0 |
Preferred stock, authorized | 10,000 | 10,000 |
Preferred stock, issued | 0 | 0 |
Preferred stock, outstanding | 0 | 0 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $0 | $0 |
Preferred stock, authorized | 20,000 | 20,000 |
Preferred stock, issued | 0 | 0 |
Preferred stock, outstanding | 0 | 0 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Interest and dividend income: | ||
Interest and fees on loans | $1,884 | $2,102 |
Interest and dividends on securities: | ||
Taxable | 538 | 368 |
Tax-exempt | 10 | 12 |
Other securities | 7 | 10 |
Interest on short term investments | 1 | 1 |
Total interest and dividend income | 2,440 | 2,493 |
Interest expense | 140 | 208 |
Net interest income | 2,300 | 2,285 |
Provision for loan losses | 0 | 0 |
Net interest income after provison for loan losses | 2,300 | 2,285 |
Noninterest income: | ||
Service charges and other fee income | 538 | 592 |
Trust income | 0 | 32 |
Loss on sale of available for sale securities | -1 | 0 |
Other | 26 | 9 |
Total noninterest income | 563 | 633 |
Noninterest expense: | ||
Salaries and employee benefits | 1,471 | 1,502 |
Net occupancy expense | 252 | 237 |
Equipment expense | 86 | 92 |
Professional and service fees | 343 | 407 |
Loan collection and foreclosed property expenses | 56 | 53 |
Computer service fees | 127 | 129 |
Computer software amortization expense | 10 | 9 |
FDIC assessment fees | 106 | 84 |
Insurance | 39 | 126 |
Printing and supplies | 29 | 50 |
Net (gain) loss on sale/writedown of OREO and repossessions | -10 | 1 |
Other | 209 | 174 |
Total noninterest expense | 2,718 | 2,864 |
Income before federal income taxes | 145 | 54 |
Federal income tax expense | 12 | 5 |
Net income | $133 | $49 |
Per share statistics: | ||
Basic and diluted EPS (in dollars per share) | $0 | $0 |
Weighted-average common shares outstanding (in shares) | 27,770,379 | 557,989 |
Weighted-average common stock equivalent preferred shares outstanding, as converted (in shares) | 0 | 25,014,285 |
Total basic and diluted shares (in shares) | 27,770,379 | 25,572,274 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Net income | $133 | $49 |
Other comprehensive income: | ||
Net change in unrealized gain on securities available for sale | 183 | 1,326 |
Less: reclassification adjustment for gain (loss) recognized in net loss, net of tax | -1 | 0 |
Comprehensive income | $315 | $1,375 |
Consolidated_Statements_of_Sha
Consolidated Statements of Shareholders' Equity (USD $) | Total | Preferred Stock [Member] | Common Stock [Member] | Retained Earnings (Deficit) [Member] | Deferred Directors' Compensation [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands | ||||||
Balances at Dec. 31, 2013 | $25,106 | $16,520 | $7,321 | $2,478 | $342 | ($1,555) |
Issuance of common stock | 1,490 | 0 | 1,490 | 0 | 0 | 0 |
Issued shares for deferred directors' fees | 0 | 0 | 118 | 0 | -118 | 0 |
Net income | 49 | 0 | 0 | 49 | 0 | 0 |
Other comprehensive income/loss | 1,326 | 0 | 0 | 0 | 0 | 1,326 |
Balances at Mar. 31, 2014 | 27,971 | 16,520 | 8,929 | 2,527 | 224 | -229 |
Balances at Dec. 31, 2014 | 31,144 | 0 | 25,449 | 5,528 | 224 | -57 |
Issued shares for deferred directors' fees | 0 | 0 | 41 | 0 | -41 | 0 |
Net income | 133 | 0 | 0 | 133 | 0 | 0 |
Other comprehensive income/loss | 182 | 0 | 0 | 0 | 0 | 182 |
Balances at Mar. 31, 2015 | $31,459 | $0 | $25,490 | $5,661 | $183 | $125 |
Consolidated_Statements_of_Sha1
Consolidated Statements of Shareholders' Equity [Parenthetical] | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Issued shares for deferred directors' fees (in shares) | 280 | 772 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Cash flows from operating activities: | ||
Net income | $133 | $49 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for loan losses | 0 | 0 |
Depreciation and amortization | 122 | 123 |
Net amortization on investment securities | 328 | 208 |
Loss on available for sale securities | 1 | 0 |
Net (gain) loss on sale/writedown of OREO and repossessions | -10 | 1 |
Decrease in accrued interest income and other assets | 51 | 72 |
Increase (decrease) in accrued interest, taxes, and other liabilities | 175 | -596 |
Net cash provided by (used in) operating activities | 800 | -143 |
Cash flows from investing activities | ||
Purchases of available for sale securities | -12,215 | -39,985 |
Proceeds from sales of available for sale securities | 12,703 | 0 |
Proceeds from mortgage-backed securities paydowns - available for sale securities | 5,263 | 3,426 |
Purchase of FRB stock | 0 | -462 |
Proceeds from sale of OREO and repossessions | 132 | 0 |
Net (increase) decrease in loans | -2,186 | 3,094 |
Capital expenditures | -54 | -142 |
Net cash provided by (used in) investing activities | 3,643 | -34,069 |
Cash flows from financing activites: | ||
Net increase in deposits | 2,272 | 1,287 |
Common stock issued | 0 | 1,490 |
Repayment of other borrowings | 0 | -16 |
Net cash provided by financing activities | 2,272 | 2,761 |
Net change in cash and cash equivalents | 6,715 | -31,451 |
Cash and cash equivalents at beginning of year | 26,336 | 78,025 |
Cash and cash equivalents at end of period | 33,051 | 46,574 |
Supplemental disclosures: | ||
Interest paid | 145 | 216 |
Loans transferred to other real estate owned | 0 | 553 |
Loans charged off | 45 | 86 |
Cash paid for income taxes | $15 | $5 |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Policies [Abstract] | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 1. Basis of Presentation |
The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, these financial statements do not include all of the information and footnotes required by US GAAP for complete financial statements. In the opinion of management of FNBH Bancorp, Inc. (the Corporation), all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation were included. The results of operations for the three month period ended March 31, 2015 are not necessarily indicative of the results to be expected for the year ending December 31, 2015. For further information, refer to the consolidated financial statements and footnotes thereto included in the 2014 Annual Report contained in the Corporation’s report on Form 10-K filing. Certain reclassifications have been made to prior period financial statements to conform to the current period presentation. | |
Regulatory_Matters_and_Recover
Regulatory Matters and Recovery Initiatives | 3 Months Ended | ||
Mar. 31, 2015 | |||
Regulatory Matters And Going Concern [Abstract] | |||
Regulatory Matters And Going Concern [Text Block] | 2. Regulatory Matters and Recovery Initiatives | ||
Regulatory Action | |||
On October 16, 2008, the Bank entered into a formal agreement with its primary federal regulator, the Office of the Comptroller of the Currency (the "OCC"). Pursuant to the agreement, the Bank agreed to take certain actions intended to address various issues that negatively impacted the Bank's financial condition and performance. | |||
On September 24, 2009, the Bank stipulated to the issuance of a Consent Order against the Bank by the OCC. This Consent Order, which superseded the formal agreement signed in October 2008, required the Bank to take certain actions to improve its financial condition and operations, including achieving and maintaining total capital equal to 11% of risk-weighted assets and Tier 1 capital equal to at least 8.5% of adjusted total assets. The Consent Order included a number of other requirements, including the submission of an acceptable strategic plan for the Bank's operations, the development and implementation of various written plans designed to improve the Bank's management of its loan portfolio, and certain steps to manage risks associated with commercial real estate and construction and development lending. | |||
On October 31, 2013, the Bank stipulated to the issuance by the OCC of a new Consent Order against the Bank (the "Consent Order"). This new Consent Order replaces the Consent Order issued in 2009. The new Consent Order includes essentially all of the articles included in the 2009 Consent Order. In addition, the new Consent Order contains certain new conditions and/or articles intended to enhance the Bank’s risk management policies and practices; requirements to obtain certain OCC approval prior to deviating from the Bank's strategic business plan; additional requirements to ensure effective management and board composition, establishment of a formal compensation plan structure, and management of third party vendor relationships; a new article requiring the Bank to establish an affiliate transaction policy; and a new article to ensure the effectiveness of the Bank's internal audit program. The new Consent Order was filed as an exhibit to the Corporation’s Form 10-Q for the quarterly period ended September 30, 2013 and the OCC has made a copy of the new Consent Order available on its website at www.occ.gov. | |||
Importantly, the new Consent Order continues to require the Bank to achieve and maintain total capital equal to 11% of risk weighted assets and Tier 1 capital equal to at least 8.5% of adjusted total assets. On December 11, 2013, the Corporation completed a private placement transaction that resulted in gross proceeds to the Corporation of approximately $17.5 million. On December 20, 2013, the Corporation contributed $15.4 million of the net proceeds from this transaction to the capital of the Bank. As a result, as of December 31, 2013, the Bank met the minimum capital ratios required by the Consent Order. In addition, on March 27, 2014, the Corporation issued 2.3 million shares of its common stock in a rights offering registered with the SEC that generated gross proceeds to the Corporation of approximately $1.6 million. The Corporation then contributed $550,000 of these proceeds into the capital of the Bank to assist the Bank in maintaining the required minimum capital ratios at March 31, 2014. To date, no additional capital contributions from the Corporation to the Bank have been needed to maintain the required minimum capital ratios required by the Consent Order. | |||
As noted above, the Consent Order imposes many other requirements on the Bank in addition to the minimum capital ratios. Despite achieving the required minimum capital levels, the Bank has not achieved full compliance with all of the articles of the Consent Order at March 31, 2015. Management believes it has made substantive progress on the other Consent Order requirements through various initiatives. However, additional effort and time is necessary in order for the Bank to demonstrate adherence to, and the effectiveness of, new policies and procedures implemented to remediate deficiencies identified in the Consent Order and to achieve compliance with the other provisions of the Consent Order. The Bank continues to work diligently to meet these requirements in an effort to gain full compliance with the Consent Order. | |||
It will be imperative for the Bank to comply with these other requirements in order to avoid further regulatory enforcement action. As long as the Bank is subject to the Consent Order, the financial performance of the Corporation is expected to be adversely impacted by higher FDIC insurance premiums paid by the Bank and ongoing costs incurred to correct the deficiencies underlying the requirements of the Consent Order. | |||
Despite exceeding minimum regulatory standards for well-capitalized institutions at March 31, 2015, for purposes of the regulators’ Prompt Corrective Action (“PCA”) powers, the Bank is currently considered "adequately capitalized" due to being subject to the Consent Order. As a result of this classification, for purposes of PCA, the Bank is subject to a number of restrictions. These include, among other things, 1) limitations on the payment of capital distributions and management fees, 2) prohibitions on the acceptance, renewal, or roll-over of any brokered deposit without prior written approval of the Federal Deposit Insurance Corporation (FDIC), and 3) restrictions on interest rates paid on deposits. The Bank's capital category is determined solely for purposes of applying PCA; the capital category may not constitute an accurate representation of the Bank's overall financial condition or prospects. | |||
In addition to the above regulatory actions and restrictions imposed on the Bank, the Federal Reserve has imposed restrictions on the Corporation to effect its support of the Bank. Specifically, the Corporation must receive approval from the Federal Reserve before the payment of dividends, issuance of debt, or redemption of stock. Additional restrictions on the Corporation by the Federal Reserve relate to changes in the composition of the Board of Directors, the employment of senior executive officers or changes in the responsibilities of senior executive officers, and limitations on indemnification and severance payments. | |||
Despite restoration of the Bank’s regulatory capital ratios to minimum levels imposed by the Consent Order, there is no assurance that the Bank will be able to maintain these capital ratios throughout 2015 or beyond. Moreover, management and the Board of Directors' execution of various initiatives designed to fully satisfy the asset quality, risk management, and other requirements of the Consent Order will take additional time and may not prove to be sufficiently effective. As such, no assurance can be provided as to whether or when the Bank will be in full compliance with the Consent Order or whether or when the Consent Order will be lifted or terminated. Even if lifted or terminated, the Bank may still be subject to a memorandum of understanding or other enforcement action by regulators that would restrict activities or that would continue to impose greater capital requirements on the Bank. The requirements and restrictions of the Consent Order are legally enforceable and the Corporation’s or Bank’s failure to comply with such requirements and restrictions may subject the Corporation and the Bank to additional regulatory restrictions. | |||
Until such time as the Consent Order is either modified or lifted, management continues to pursue initiatives to achieve full compliance with all requirements of the Consent Order in order to mitigate the impact of the related regulatory challenges. In addition, execution of such initiatives includes implementation of measures necessary to position the Bank to overcome current economic challenges. | |||
Recovery Plan Initiatives | |||
As part of a recovery plan initiated in late 2008, management and the Board of Directors have been aggressively pursuing various initiatives intended to address and satisfy deficiencies identified in the Consent Order, the most important of which was a significant recapitalization necessary to restore the Bank’s capital to a level sufficient to meet the required minimum capital ratios. Other recovery plan efforts and initiatives are designed to improve the Bank’s financial health and risk management practices and policies. They include aggressively reducing credit risk exposure in the loan portfolio and improving the efficiency and effectiveness of core business processes. Certain other key elements of management’s continued recovery plan include, but are not limited to: | |||
· | Continued, aggressive management of the Bank’s existing loan portfolio to reduce the level of classified loans, to minimize further credit losses and to maximize recoveries via negotiated payoffs, settlements and restructuring of existing problem loans; | ||
· | Continued strengthening of risk management processes and procedures via ensuring the Bank has appropriate personnel with sufficient experience, training and authority to execute safe and sound banking practices with respect to asset quality; | ||
· | Improve core profitability via gradual repositioning of balance sheet composition to increase earning assets and improve yields while ensuring the Bank maintains an acceptable risk profile and adequate capital levels; and | ||
· | Commitment to dedicate sufficient resources to address all portions of the Consent Order followed by a managed re-alignment of operating costs with a recapitalized, restructured and more efficient banking operation designed to promote balance sheet growth in an increasingly regulated and competitive business climate. | ||
Management makes no assurances that the efforts, results, and/or future plans described above will improve the Bank’s overall financial condition, guarantee profitability in 2015, or ensure the modification or discharge of existing regulatory enforcement actions imposed on the Bank. | |||
Securities
Securities | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ||||||||||||||||||||
Investment Securities [Text Block] | 3. Securities | |||||||||||||||||||
Securities available for sale consist of the following: | ||||||||||||||||||||
Unrealized | ||||||||||||||||||||
Amortized Cost | Gains | Losses | Fair Value | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
31-Mar-15 | ||||||||||||||||||||
Mortgage-backed/CMO | $ | 114,124 | $ | 501 | $ | -665 | $ | 113,960 | ||||||||||||
U.S. Agency | 10,395 | 64 | - | 10,459 | ||||||||||||||||
Obligations of state and political subdivisions | 1,585 | 16 | - | 1,601 | ||||||||||||||||
Preferred stock(1) | 49 | 273 | - | 322 | ||||||||||||||||
Total available for sale | $ | 126,153 | $ | 854 | $ | -665 | $ | 126,342 | ||||||||||||
31-Dec-14 | ||||||||||||||||||||
Mortgage-backed/CMO | $ | 107,489 | $ | 409 | $ | -761 | $ | 107,137 | ||||||||||||
U.S. Agency | 23,108 | 28 | -6 | 23,130 | ||||||||||||||||
Obligations of state and political subdivisions | 1,586 | 19 | - | 1,605 | ||||||||||||||||
Preferred stock(1) | 49 | 254 | - | 303 | ||||||||||||||||
Total available for sale | $ | 132,232 | $ | 710 | $ | -767 | $ | 132,175 | ||||||||||||
  | ||||||||||||||||||||
(1) Represents preferred stocks issued by Freddie Mac and Fannie Mae | ||||||||||||||||||||
Securities are reviewed quarterly for possible other-than-temporary impairment (OTTI) based on guidance included in ASC Topic 320, Investments–Debt and Equity Instruments. This guidance requires an entity to assess whether it intends to sell, or whether it is more likely than not that it will be required to sell, a security in an unrealized loss position before the recovery of the security’s amortized cost basis. If either of these criteria is met, the entire difference between the amortized cost and fair value is recognized in earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment recognized in earnings is limited to the amount related to credit losses, while impairment related to other factors is recognized in other comprehensive income. | ||||||||||||||||||||
Management’s review of the securities portfolio for the existence of OTTI considers various qualitative and quantitative factors regarding each investment category, including if the securities were U.S. Government issued, the credit rating on the securities, credit outlook, payment status and financial condition, the length of time the security has been in a loss position, the size of the loss position and other meaningful information. | ||||||||||||||||||||
  | ||||||||||||||||||||
The Corporation had nine Agency CMO securities which have been impaired for more than twelve months at March 31, 2015 and December 31, 2014, respectively. | ||||||||||||||||||||
The Corporation makes a quarterly assessment of OTTI on its non-government agency collateralized mortgage obligation (CMO) security primarily based on a quarterly cash flow analysis performed by an independent third-party specialist. The evaluation includes a comparison of the present value of the expected cash flows to previous estimates to determine whether adverse changes in cash flows resulted during the period. The analysis considers attributes of the security, such as its super tranche position, and specific loan level collateral underlying the security. A summary of the par value, book value, carrying value (fair value) and unrealized loss for the non-agency mortgage-backed security is presented below: | ||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||
Amount | % of Par | Amount | % of Par | |||||||||||||||||
(dollars in thousands) | ||||||||||||||||||||
Par value | $ | 1,179 | 100 | % | $ | 1,269 | 100 | % | ||||||||||||
Book value | 1,050 | 89.06 | % | 1,129 | 88.97 | % | ||||||||||||||
Carrying value | 1,117 | 94.74 | % | 1,195 | 94.17 | % | ||||||||||||||
Unrealized loss | - | 0 | % | - | 0 | % | ||||||||||||||
Certain key attributes of the underlying loans supporting the security included the following: | ||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||
Weighted average remaining credit score (based on original FICO) | 737 | 737 | ||||||||||||||||||
Primary location of underlying loans: | ||||||||||||||||||||
California | 68 | % | 69 | % | ||||||||||||||||
Florida | 4 | % | 4 | % | ||||||||||||||||
Other | 28 | % | 27 | % | ||||||||||||||||
Delinquency status of underlying loans: | ||||||||||||||||||||
Past due 30-59 days | 5.5 | % | 3.28 | % | ||||||||||||||||
Past due 60-89 days | 0 | % | 0.88 | % | ||||||||||||||||
Past due 90 days or more | 4.86 | % | 5.8 | % | ||||||||||||||||
In process of foreclosure | 6.46 | % | 7.3 | % | ||||||||||||||||
Held as other real estate owned | 0.64 | % | 0.89 | % | ||||||||||||||||
The specialist calculates an estimate of the fair value of the security's cash flows using an INTEX valuation model, subject to certain assumptions regarding collateral related cash flows such as expected prepayment rates, default rates, loss severity estimates, and discount rates as key valuation inputs. | ||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||
Voluntary repayment rate (CRR) | 15.43 | % | 15.97 | % | ||||||||||||||||
Default rates: | ||||||||||||||||||||
Within next 24 months | 6.37 | % | 7.77 | % | ||||||||||||||||
Decreasing to (by month 37) | 3.9 | % | 3.68 | % | ||||||||||||||||
Decreasing to (by month 197 at March 2015 and by month 200 at December 2014) | 0 | % | 0 | % | ||||||||||||||||
Loss severity rates: | ||||||||||||||||||||
Initial loss upon default (Year 1) | 45.48 | % | 47.2 | % | ||||||||||||||||
Per annum decrease in loss rate (Years 2 - 11) | 3.5 | % | 3.5 | % | ||||||||||||||||
Floor (Year 12) | 23 | % | 23 | % | ||||||||||||||||
Discount rate (1): | 5.5 | % | 5.5 | % | ||||||||||||||||
Remaining credit support provided by other collateral pools of underlying loans within the security: | 0.03 | % | 0.04 | % | ||||||||||||||||
(1) Intended to reflect estimated uncertainty and liquidity premiums, after adjustment for estimated credit loss cash flows. | ||||||||||||||||||||
The prepayment assumptions used within the model consider borrowers’ incentive to prepay based on market interest rates and borrowers’ ability to prepay based on underlying assumptions for borrowers’ ability to qualify for a new loan based on their credit and appraised property value, by location. As such, prepayment speeds decrease as credit quality and home prices deteriorate, reflecting a diminished ability to refinance. | ||||||||||||||||||||
In addition, collateral cash flow assumptions utilize a valuation technique under a “Liquidation Scenario” whereby loans are evaluated by delinquency and are assigned probability of default and loss factors deemed appropriate in the current economic environment. The liquidation scenarios assume that all loans 60 or more days past due migrate to default, are liquidated, and losses are realized over a period of between six and twenty four months based in part upon initial loan to value ratios and estimated changes in both historical and future property values since origination as obtained from financial data sources. | ||||||||||||||||||||
At March 31, 2015, based on a present value at a prospective yield of future cash flows for the investment as provided by the specialist and after management’s evaluation of the reasonableness of the specialist's underlying assumptions regarding Level 2 and Level 3 inputs, the Corporation concluded that the security’s expected cash flows continued to support the amortized cost of the security and no additional other-than-temporary impairment had been incurred. Prior to 2010, approximately $290,000 of credit loss OTTI charges were incurred on the security. | ||||||||||||||||||||
  | ||||||||||||||||||||
The following is a summary of the gross unrealized losses and fair value of securities by length of time that individual securities have been in a continuous loss position: | ||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||
Unrealized | Fair | Unrealized | Fair | Unrealized | Fair | |||||||||||||||
losses | Value | losses | Value | losses | Value | |||||||||||||||
(in thousands) | ||||||||||||||||||||
31-Mar-15 | ||||||||||||||||||||
Mortgage-backed/CMO | $ | -201 | $ | 19,057 | $ | -464 | $ | 21,273 | $ | -665 | $ | 40,330 | ||||||||
31-Dec-14 | ||||||||||||||||||||
Mortgage-backed/CMO | $ | -185 | $ | 28,453 | $ | -576 | $ | 22,141 | $ | -761 | 50,594 | |||||||||
Obligations of state and political subdivisions | -6 | 4,687 | - | - | -6 | 4,687 | ||||||||||||||
Total | $ | -191 | $ | 33,140 | $ | -576 | $ | 22,141 | $ | -767 | $ | 55,281 | ||||||||
The amortized cost and fair value of securities available for sale, by contractual maturity, follow. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | ||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||
Amortized | Approximate | Amortized | Approximate | |||||||||||||||||
Cost | Fair Value | Cost | Fair Value | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
Maturing within one year | $ | 254 | $ | 254 | $ | 4,276 | $ | 4,278 | ||||||||||||
Maturing after one year but within five years | 9,200 | 9,258 | 17,587 | 17,606 | ||||||||||||||||
Maturing after five years but within ten years | 2,000 | 2,010 | 2,305 | 2,312 | ||||||||||||||||
Maturing after ten years | 575 | 860 | 575 | 842 | ||||||||||||||||
12,029 | 12,382 | 24,743 | 25,038 | |||||||||||||||||
Mortgage-backed/CMO securities | 114,124 | 113,960 | 107,489 | 107,137 | ||||||||||||||||
Totals | $ | 126,153 | $ | 126,342 | $ | 132,232 | $ | 132,175 | ||||||||||||
There were no proceeds from at-par calls of securities for the three months ended March 31, 2015 and 2014 respectively. | ||||||||||||||||||||
At March 31, 2015 and December 31, 2014, the Corporation did not own any investment securities issued by states and political subdivisions in which the amortized cost and fair value of such securities individually exceeded 10% of shareholders’ equity. | ||||||||||||||||||||
Investment securities, with an amortized cost of approximately $51.1 million at March 31, 2015 were pledged to secure public deposits and for other purposes required or permitted by law, including approximately $18.3 million of securities pledged as collateral at the Federal Home Loan Bank of Indianapolis (FHLBI) to support potential liquidity needs of the Bank. At December 31, 2014, the amortized cost of pledged investment securities totaled $53.0 million of which $19.7 million of securities was pledged as collateral at the FHLBI for contingent liquidity needs of the Bank. | ||||||||||||||||||||
The Bank owns stock in the Federal Home Loan Bank of Indianapolis (FHLBI) and the Federal Reserve Bank (FRB), both of which are recorded at cost. The Bank is required to hold stock in the FHLBI equal to 5% of the institution’s borrowing capacity with the FHLBI. The Bank’s investment in FHLBI stock amounted to $617,000 at March 31, 2015 and December 31, 2014. As a member bank of the Federal Reserve System, the Bank is required to own FRB capital stock equal to six percent of its capital and surplus. The Bank’s investment in FRB stock totaled $523,000 at March 31, 2015 and December 31, 2014, respectively. The FHLBI and FRB stock investments can only be resold to, or redeemed by, the issuer. | ||||||||||||||||||||
Loans
Loans | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Receivables [Abstract] | ||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. Loans | |||||||
The recorded investment in portfolio loans consists of the following: | ||||||||
March 31, 2015 | December 31, 2014 | |||||||
(in thousands) | ||||||||
Commercial | $ | 15,682 | $ | 15,130 | ||||
Commercial real estate: | ||||||||
Construction, land development, and other land | 4,612 | 5,050 | ||||||
Owner occupied | 43,728 | 47,434 | ||||||
Nonowner occupied | 59,624 | 59,440 | ||||||
Consumer real estate: | ||||||||
Commercial purpose | 5,335 | 5,463 | ||||||
Mortgage - Residential | 16,137 | 11,631 | ||||||
Home equity and home equity lines of credit | 10,311 | 9,613 | ||||||
Consumer and Other | 7,006 | 6,444 | ||||||
Subtotal | 162,435 | 160,205 | ||||||
Unearned income | -150 | -159 | ||||||
Total Loans | $ | 162,285 | $ | 160,046 | ||||
Included in the consumer real estate loans above are residential first mortgages reported as “real estate mortgages” on the consolidated balance sheets. In addition, a portion of these consumer real estate loans include commercial purpose loans where the borrower has pledged a 1-4 family residential property as collateral. Loans also include the reclassification of demand deposit overdrafts, which amounted to $46,000 at March 31, 2015 and $59,000 at December 31, 2014, respectively. | ||||||||
Loans serviced for others, including commercial participations sold, are not reported as assets of the Bank and approximated $1.5 million at March 31, 2015 and December 31, 2014. | ||||||||
Allowance_for_Loan_Losses_and_
Allowance for Loan Losses and Credit Quality of Loans | 3 Months Ended | ||||||||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||||||||
Allowance for Credit Losses [Text Block] | 5. Allowance for Loan Losses and Credit Quality of Loans | ||||||||||||||||||||||||||||||||||
The Corporation separates its loan portfolio into segments to perform the calculation and analysis of the allowance for loan losses. The four segments analyzed are Commercial, Commercial Real Estate, Consumer Real Estate, and Consumer and Other. The Commercial segment includes loans to finance commercial and industrial businesses that are not secured by real estate. The Commercial Real Estate segment includes: i) construction real estate loans to finance construction and land development and/or loans secured by vacant land and ii) commercial real estate loans secured by non-farm, non-residential real estate which are further classified as either owner occupied or non-owner occupied based on the underlying collateral type. The Consumer Real Estate segment includes (commercial and non-commercial purpose) loans that are secured by 1 – 4 family residential real estate properties, including first mortgages on residential properties and home equity loans and lines of credit that are secured by first or second liens on residential properties. The Consumer and Other segment include all loans not included in any other segment. These are primarily loans to consumers for household, family, and other personal expenditures, such as autos, boats, and recreational vehicles. | |||||||||||||||||||||||||||||||||||
Activity in the allowance for loan losses by portfolio segment for three months ended: | |||||||||||||||||||||||||||||||||||
Commercial | Consumer | Consumer | |||||||||||||||||||||||||||||||||
Commercial | Real Estate | Real Estate | and Other | Total | |||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
31-Mar-15 | |||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||
Beginning balance | $ | 415 | $ | 5,371 | $ | 1,084 | $ | 239 | $ | 7,109 | |||||||||||||||||||||||||
Charge offs | -15 | - | - | -30 | -45 | ||||||||||||||||||||||||||||||
Recoveries | 33 | 23 | 25 | 17 | 98 | ||||||||||||||||||||||||||||||
Provision | 80 | -498 | 271 | 147 | - | ||||||||||||||||||||||||||||||
Ending balance | $ | 513 | $ | 4,896 | $ | 1,380 | $ | 373 | $ | 7,162 | |||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||
Beginning balance | $ | 633 | $ | 7,180 | $ | 1,215 | $ | 186 | $ | 9,214 | |||||||||||||||||||||||||
Charge offs | -1 | -41 | -23 | -21 | -86 | ||||||||||||||||||||||||||||||
Recoveries | 57 | 9 | 17 | 28 | 111 | ||||||||||||||||||||||||||||||
Provision | -67 | 81 | -25 | 11 | - | ||||||||||||||||||||||||||||||
Ending balance | $ | 622 | $ | 7,229 | $ | 1,184 | $ | 204 | $ | 9,239 | |||||||||||||||||||||||||
The following shows the balance in allowance for loan losses and loan balances by portfolio segment based on impairment method: | |||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Consumer Real Estate | Consumer and Other | Total | |||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
31-Mar-15 | |||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | - | $ | 1,657 | $ | - | $ | - | $ | 1,657 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 513 | 3,239 | 1,380 | 373 | 5,505 | ||||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 513 | $ | 4,896 | $ | 1,380 | $ | 373 | $ | 7,162 | |||||||||||||||||||||||||
Recorded investment in loans: | |||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 193 | $ | 11,262 | $ | 746 | $ | - | $ | 12,201 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 15,489 | 96,702 | 31,037 | 7,006 | 150,234 | ||||||||||||||||||||||||||||||
Total recorded investment in loans | $ | 15,682 | $ | 107,964 | $ | 31,783 | $ | 7,006 | $ | 162,435 | |||||||||||||||||||||||||
31-Dec-14 | |||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1 | $ | 1,681 | $ | 5 | $ | - | $ | 1,687 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 414 | 3,690 | 1,079 | 239 | 5,422 | ||||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 415 | $ | 5,371 | $ | 1,084 | $ | 239 | $ | 7,109 | |||||||||||||||||||||||||
Recorded investment in loans: | |||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 233 | $ | 11,324 | $ | 1,015 | $ | - | $ | 12,572 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 14,897 | 100,600 | 25,692 | 6,444 | 147,633 | ||||||||||||||||||||||||||||||
Total recorded investment in loans | $ | 15,130 | $ | 111,924 | $ | 26,707 | $ | 6,444 | $ | 160,205 | |||||||||||||||||||||||||
Management’s on-going monitoring of the credit quality of the portfolio relies on an extensive credit risk monitoring process that considers several factors including: current economic conditions affecting the Bank’s customers, the payment performance of individual loans and pools of homogenous loans, portfolio seasoning, changes in collateral values, and detailed reviews of specific relationships. | |||||||||||||||||||||||||||||||||||
  | |||||||||||||||||||||||||||||||||||
Our internal loan grading system assigns a risk grade to all commercial loans. This grading system is similar to those employed by banking regulators. Grades 1 through 5 are considered “pass” credits and grade 6 are considered “watch” credits and are subject to greater scrutiny. Those loans graded 7 and higher are considered substandard and are individually evaluated for impairment if reported as nonaccrual and are greater than $100,000 or part of an aggregate relationship exceeding $100,000. All commercial loans are graded at inception and reviewed, and if appropriate, re-graded at various intervals thereafter. Additionally, our commercial loan portfolio and assigned risk grades are periodically subjected to review by external loan reviewers and banking regulators. Certain of the key factors considered in assigning loan grades include: cash flows, operating performance, financial condition, collateral, industry condition, management, and the strength, liquidity and willingness of guarantors’ support. | |||||||||||||||||||||||||||||||||||
A description of the general characteristics of each risk grade follows: | |||||||||||||||||||||||||||||||||||
⋅ | RATING 1 (Satisfactory – Minimal Risk) - Loans in this category are to persons or entities of unquestioned financial strength, a highly liquid financial position, with collateral that is liquid and well margined. These borrowers have performed without question on past obligations, and the Bank expects their performance to continue. Internally generated cash flow covers current maturities of long-term debt by a substantial margin. | ||||||||||||||||||||||||||||||||||
⋅ | RATING 2 (Satisfactory – Modest Risk) – These loans to persons or entities with strong financial condition and above-average liquidity who have previously satisfactorily handled their obligations with the Bank. Collateral securing the Bank’s debt is margined in accordance with policy guidelines. Internally-generated cash flow covers current maturities of long-term debt more than adequately. | ||||||||||||||||||||||||||||||||||
⋅ | RATING 3 (Satisfactory - Average) – These are loans with average cash flow and ratios compared to peers. Usually RMA comparisons show where companies fall in the performance spectrum. Companies have consistent performance for 3 or more years. | ||||||||||||||||||||||||||||||||||
⋅ | RATING 4 (Satisfactory – Acceptable Risk) – Loans to persons or entities with an average financial condition, adequate collateral margins, adequate cash flow to service long-term debt, and net worth comprised mainly of fixed assets are included in this category. These entities are minimally profitable now, with projections indicating continued profitability into the foreseeable future. Overall, these loans are basically sound. | ||||||||||||||||||||||||||||||||||
⋅ | RATING 5 (Satisfactory - Acceptable – Monitor) - These loans are characterized by borrowers who have marginal, but adequate cash flow, and marginal profitability, but currently have been meeting the obligations of their loan structure. However, adverse changes in the borrower’s circumstances and/or current economic conditions are more likely to impair their capacity for repayment. The borrower has in the past satisfactorily handled debts with the Bank, but may be experiencing some minor delinquency in making payments, or other signs of temporary cash flow issues. The borrower may also be experiencing declining margins or other negative financial trends, despite the borrower’s continued satisfactory condition and positive cash flow. Other characteristics of borrowers in this class include inadequate credit information, weaknesses in financial statement reporting, or declining but positive repayment capacity. This classification includes loans to new or established borrowers with satisfactory loan structure, but where near term economic or business issues appear to remain stable and the near term projections would limit the ability for an improvement in the financial trends of the borrower. | ||||||||||||||||||||||||||||||||||
⋅ | RATING 6 (Special Mention - OAEM) - Loans in this class have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Bank’s credit position at some future date. These potential weaknesses may result in a deterioration of the repayment of the loan and increase the credit risk. Special mention assets are not adversely classified and do not expose the Bank to sufficient risk to warrant adverse classification. Special mention credits may include a borrower that pays the Bank on a timely basis (occasional 30 day delinquent) and may be experiencing temporary cash flow deficiencies. | ||||||||||||||||||||||||||||||||||
⋅ | RATING 7 (Substandard) – A substandard loan is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Loans so classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard loans, does not have to exist in individual loans. Substandard credits may include a borrower that pays consistently past due, has significant cash flow shortages and may have a collateral shortfall that requires a specific reserve. | ||||||||||||||||||||||||||||||||||
⋅ | RATING 8 (Doubtful) - This risk rating class has all of the weaknesses inherent in the substandard rating but with the added characteristic that the weaknesses make collection in full or liquidation, on the basis of currently known existing facts, condition, and values, highly questionable and improbable. These are poor quality loans in which neither the collateral, if any, nor the financial condition of the borrower presently ensure collectability in full within a reasonable period of time; in fact, there is permanent impairment in the collateral securing the Bank’s loan. These loans are in a work-out status, must be non-accrual status and have a defined work-out strategy. | ||||||||||||||||||||||||||||||||||
This is a transitional risk rating class while collateral value and other factors are assessed. Loans will remain in this class for the assessment period, but in no event for more than 1 year. If there is no improvement in the Bank’s position during that time, a charge-off will be taken to best reflect known asset collateral value. If the loan goes into a “Deeds in Redemption” status before 1 year, any shortfall will be recognized immediately. | |||||||||||||||||||||||||||||||||||
The assessment of compensating factors may result in a rating plus or minus one grade from those listed above. These factors include, but are not limited to collateral, guarantors, environmental conditions, history, plan/projection reasonableness, quality of information, and payment delinquency. | |||||||||||||||||||||||||||||||||||
The internal loan grading system is applied to the residential real estate portion of our consumer loan portfolio upon certain triggering events (e.g., delinquency, bankruptcy, restructuring, etc.). However, large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans are collectively evaluated for impairment and they are not separately identified for impairment disclosures. The primary risk element for the residential real estate portion of consumer loans is the timeliness of borrowers’ scheduled payments. We rely primarily on our internal reporting system to monitor past due loans and have internal policies and procedures to pursue collection and protect our collateral interests in order to mitigate losses. | |||||||||||||||||||||||||||||||||||
Our monitoring of credit quality is further denoted by classification of loans as nonperforming, which reflects loans where the accrual of interest has been discontinued and loans that are past due 90 days or more and still accruing interest. In addition, nonperforming loans include troubled debt restructured loans (as discussed below) that are on nonaccrual status or past due 90 days or more. Troubled debt restructured loans that are accruing interest and not past due 90 days or more are excluded from nonperforming loans. | |||||||||||||||||||||||||||||||||||
  | |||||||||||||||||||||||||||||||||||
The following shows the recorded investment in loans by risk grade and a summary of nonperforming loans, by class of loan: | |||||||||||||||||||||||||||||||||||
Not Rated | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | Total | Nonperforming | |||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
31-Mar-15 | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | 295 | $ | 43 | $ | 4,170 | $ | 4,842 | $ | 5,915 | $ | 180 | $ | 237 | $ | - | $ | 15,682 | $ | 220 | |||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | - | - | - | 715 | 1,760 | 366 | 342 | 1,429 | 4,612 | 1,682 | ||||||||||||||||||||||||
Owner occupied | - | - | 374 | 2,401 | 22,543 | 15,937 | 491 | 1,982 | - | 43,728 | 1,303 | ||||||||||||||||||||||||
Nonowner occupied | - | - | 323 | 3,842 | 21,097 | 27,477 | 4,631 | 2,254 | - | 59,624 | 2,173 | ||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial Purpose | - | - | - | 54 | 962 | 2,849 | 649 | 821 | - | 5,335 | 338 | ||||||||||||||||||||||||
Mortgage - Residential | 9,375 | - | - | - | - | 4,391 | - | 2,371 | - | 16,137 | 2,251 | ||||||||||||||||||||||||
Home equity and home equity lines of credit | 9,061 | - | - | - | - | 947 | - | 303 | - | 10,311 | 303 | ||||||||||||||||||||||||
Consumer and Other | 6,588 | - | - | - | 1 | 318 | 97 | 2 | - | 7,006 | 79 | ||||||||||||||||||||||||
Total | $ | 25,024 | $ | 295 | $ | 740 | $ | 10,467 | $ | 50,160 | $ | 59,594 | $ | 6,414 | $ | 8,312 | $ | 1,429 | $ | 162,435 | $ | 8,349 | |||||||||||||
31-Dec-14 | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | 239 | $ | 44 | $ | 3,294 | $ | 4,959 | $ | 6,139 | $ | 194 | $ | 261 | $ | - | $ | 15,130 | $ | 233 | |||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | - | - | - | 1,072 | 1,796 | 377 | 366 | 1,439 | 5,050 | 1,740 | ||||||||||||||||||||||||
Owner occupied | - | - | 415 | 4,949 | 23,632 | 15,906 | 496 | 2,036 | - | 47,434 | 965 | ||||||||||||||||||||||||
Nonowner occupied | - | - | 337 | 4,035 | 20,287 | 27,741 | 4,685 | 2,355 | - | 59,440 | 2,148 | ||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial Purpose | - | - | - | 55 | 1,172 | 2,575 | 654 | 1,007 | - | 5,463 | 517 | ||||||||||||||||||||||||
Mortgage - Residential | 4,589 | - | - | - | - | 4,381 | - | 2,661 | - | 11,631 | 2,497 | ||||||||||||||||||||||||
Home equity and home equity lines of credit | 8,314 | - | - | - | - | 986 | - | 313 | - | 9,613 | 137 | ||||||||||||||||||||||||
Consumer and Other | 6,038 | - | - | - | - | 285 | - | 121 | - | 6,444 | 71 | ||||||||||||||||||||||||
Total | $ | 18,941 | $ | 239 | $ | 796 | $ | 12,333 | $ | 51,122 | $ | 59,809 | $ | 6,406 | $ | 9,120 | $ | 1,439 | $ | 160,205 | $ | 8,308 | |||||||||||||
Loans are considered past due when contractually required principal or interest has not been received. The amount classified as past due is the entire principal balance outstanding of the loan, not just the amount of payments that are past due. | |||||||||||||||||||||||||||||||||||
An aging analysis of the recorded investment in past due loans, segregated by class of loans follows: | |||||||||||||||||||||||||||||||||||
90+Â Days | |||||||||||||||||||||||||||||||||||
Loans Past Due | Past Due | ||||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90+ Days | Total | Current | Total | and Accruing | |||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
31-Mar-15 | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | 92 | $ | - | $ | 92 | $ | 15,590 | $ | 15,682 | $ | - | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 1,476 | - | 138 | 1,614 | 2,998 | 4,612 | - | ||||||||||||||||||||||||||||
Owner occupied | 171 | - | 31 | 202 | 43,526 | 43,728 | - | ||||||||||||||||||||||||||||
Nonowner occupied | 264 | - | 204 | 468 | 59,156 | 59,624 | 88 | ||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | - | - | 140 | 140 | 5,195 | 5,335 | - | ||||||||||||||||||||||||||||
Mortgage - Residential | 1,245 | 659 | 10 | 1,914 | 14,223 | 16,137 | - | ||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | 45 | 45 | 10,266 | 10,311 | - | ||||||||||||||||||||||||||||
Consumer and Other | 55 | 4 | 10 | 69 | 6,937 | 7,006 | - | ||||||||||||||||||||||||||||
Total | $ | 3,211 | $ | 755 | $ | 578 | $ | 4,544 | $ | 157,891 | $ | 162,435 | $ | 88 | |||||||||||||||||||||
31-Dec-14 | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | 15,130 | $ | 15,130 | $ | - | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | 105 | 43 | 148 | 4,902 | 5,050 | - | ||||||||||||||||||||||||||||
Owner occupied | 24 | - | 20 | 44 | 47,390 | 47,434 | - | ||||||||||||||||||||||||||||
Nonowner occupied | 174 | - | 97 | 271 | 59,169 | 59,440 | - | ||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | - | 112 | 191 | 303 | 5,160 | 5,463 | - | ||||||||||||||||||||||||||||
Mortgage - Residential | 868 | 521 | 375 | 1,764 | 9,867 | 11,631 | 4 | ||||||||||||||||||||||||||||
Home equity and home equity lines of credit | 2 | - | - | 2 | 9,611 | 9,613 | - | ||||||||||||||||||||||||||||
Consumer and Other | 33 | 6 | - | 39 | 6,405 | 6,444 | - | ||||||||||||||||||||||||||||
Total | $ | 1,101 | $ | 744 | $ | 726 | $ | 2,571 | $ | 157,634 | $ | 160,205 | $ | 4 | |||||||||||||||||||||
Loans are placed on nonaccrual when, in the opinion of management, the collection of additional interest is doubtful. Loans are generally placed on nonaccrual upon becoming ninety days past due. However, loans may be placed on nonaccrual regardless of whether or not they are past due. All cash received on nonaccrual loans is applied to the principal balance. Loans are considered for return to accrual status on an individual basis when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||||||||||||||||||||||||||||||||||
The following is a summary of the recorded investment in nonaccrual loans, by class of loan: | |||||||||||||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
Commercial | $ | 220 | $ | 233 | |||||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 1,682 | 1,692 | |||||||||||||||||||||||||||||||||
Owner occupied | 1,303 | 965 | |||||||||||||||||||||||||||||||||
Nonowner occupied | 2,085 | 2,148 | |||||||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | 338 | 517 | |||||||||||||||||||||||||||||||||
Mortgage - Residential | 2,251 | 2,497 | |||||||||||||||||||||||||||||||||
Home equity and home equity lines of credit | 303 | 137 | |||||||||||||||||||||||||||||||||
Consumer and Other | 79 | 119 | |||||||||||||||||||||||||||||||||
Total | $ | 8,261 | $ | 8,308 | |||||||||||||||||||||||||||||||
The following shows information pertaining to impaired loans and related valuation allowance allocations by class of loan: | |||||||||||||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Valuation Allowance | Recorded Investment | Unpaid Principal Balance | Valuation Allowance | ||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | 30 | $ | 32 | $ | 1 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 2,090 | 4,339 | 1,554 | 2,144 | 4,411 | 1,567 | |||||||||||||||||||||||||||||
Owner occupied | 1,116 | 1,116 | 103 | 1,182 | 1,483 | 111 | |||||||||||||||||||||||||||||
Nonowner occupied | - | - | - | 97 | 104 | 4 | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | - | - | - | 94 | 100 | 4 | |||||||||||||||||||||||||||||
Mortgage - Residential | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total | 3,206 | 5,455 | 1,657 | 3,547 | 6,130 | 1,687 | |||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||
Commercial | 193 | 201 | - | 203 | 209 | - | |||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 192 | 312 | - | 317 | 451 | - | |||||||||||||||||||||||||||||
Owner occupied | 1,861 | 2,111 | - | 1,368 | 1,605 | - | |||||||||||||||||||||||||||||
Nonowner occupied | 6,003 | 6,471 | - | 6,216 | 6,673 | - | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | 746 | 847 | - | 921 | 1,024 | - | |||||||||||||||||||||||||||||
Mortgage - Residential | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total | 8,995 | 9,942 | - | 9,025 | 9,962 | - | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||
Commercial | 193 | 201 | - | 233 | 241 | 1 | |||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 2,282 | 4,651 | 1,554 | 2,461 | 4,862 | 1,567 | |||||||||||||||||||||||||||||
Owner occupied | 2,977 | 3,227 | 103 | 2,550 | 3,088 | 111 | |||||||||||||||||||||||||||||
Nonowner occupied | 6,003 | 6,471 | - | 6,313 | 6,777 | 4 | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | 746 | 847 | - | 1,015 | 1,124 | 4 | |||||||||||||||||||||||||||||
Mortgage - Residential | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total Impaired Loans | $ | 12,201 | $ | 15,397 | $ | 1,657 | $ | 12,572 | $ | 16,092 | $ | 1,687 | |||||||||||||||||||||||
The following shows information pertaining to the recorded investment in impaired loans for the three months ended: | |||||||||||||||||||||||||||||||||||
March 31, 2015 | March 31, 2014 | ||||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||||
Outstanding | Income | Outstanding | Income | ||||||||||||||||||||||||||||||||
Balance | Recognized | Balance | Recognized | ||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
Commercial | $ | 228 | $ | - | $ | 373 | $ | 2 | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 2,454 | 9 | 2,696 | 10 | |||||||||||||||||||||||||||||||
Owner occupied | 2,896 | 22 | 6,037 | 48 | |||||||||||||||||||||||||||||||
Nonowner occupied | 6,226 | 52 | 8,017 | 59 | |||||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | 733 | 7 | 1,808 | 11 | |||||||||||||||||||||||||||||||
Mortgage - Residential | - | - | - | - | |||||||||||||||||||||||||||||||
Home equity and home equity lines of credit | 110 | - | - | - | |||||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | |||||||||||||||||||||||||||||||
Total | $ | 12,647 | $ | 90 | $ | 18,931 | $ | 130 | |||||||||||||||||||||||||||
For loans where impairment is measured based on the present value of expected future cash flows, subsequent changes in present value and related allowance adjustments resulting from the passage of time are accounted within the provision for loan losses rather than interest income. | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||||
The Corporation may agree to modify the terms of a loan to improve its ability to collect amounts due. The modified terms are intended to enable customers to mitigate the risk of foreclosure by creating a payment structure that provides for continued loan payment requirements based on their current cash flow ability. Modifications, including renewals, where concessions are made by the Bank and result from the debtor’s financial difficulties are considered troubled debt restructurings (TDRs). | |||||||||||||||||||||||||||||||||||
Loan modifications are considered TDRs when the modification includes terms outside of normal lending practices (i.e., concessions) to a borrower who is experiencing financial difficulties. | |||||||||||||||||||||||||||||||||||
Typical concessions granted include, but are not limited to: | |||||||||||||||||||||||||||||||||||
1 | Agreeing to interest rates below prevailing market rates for debt with similar risk characteristics | ||||||||||||||||||||||||||||||||||
2 | Extending the amortization period beyond typical lending guidelines for debt with similar risk characteristics | ||||||||||||||||||||||||||||||||||
3 | Forbearance of principal | ||||||||||||||||||||||||||||||||||
4 | Forbearance of accrued interest | ||||||||||||||||||||||||||||||||||
To determine if a borrower is experiencing financial difficulties, the Corporation considers if: | |||||||||||||||||||||||||||||||||||
1 | The borrower is currently in default on any other of their debt | ||||||||||||||||||||||||||||||||||
2 | It is likely that the borrower would default on any of their debt if the concession was not granted | ||||||||||||||||||||||||||||||||||
3 | The borrower’s cash flow was sufficient to service all of their debt if the concession was not granted | ||||||||||||||||||||||||||||||||||
4 | The borrower has declared, or is in the process of declaring bankruptcy | ||||||||||||||||||||||||||||||||||
5 | The borrower is a going concern (if the entity is a business) | ||||||||||||||||||||||||||||||||||
The following summarizes troubled debt restructurings: | |||||||||||||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||||||||||||
Outstanding Recorded Investment | Outstanding Recorded Investment | ||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | Accruing | Nonaccrual | Total | ||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | 97 | $ | 97 | $ | - | $ | 104 | $ | 104 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 777 | 1,487 | 2,264 | 769 | 1,512 | 2,281 | |||||||||||||||||||||||||||||
Owner occupied | 1,565 | 888 | 2,453 | 1,586 | 907 | 2,493 | |||||||||||||||||||||||||||||
Nonowner occupied | 4,087 | 574 | 4,661 | 4,165 | 566 | 4,731 | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | 489 | 147 | 636 | 497 | 153 | 650 | |||||||||||||||||||||||||||||
Mortgage - Residential | 823 | 1,027 | 1,850 | 808 | 1,002 | 1,810 | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | 53 | 7 | 60 | 54 | 8 | 62 | |||||||||||||||||||||||||||||
Consumer and Other | 4 | 6 | 10 | 5 | 37 | 42 | |||||||||||||||||||||||||||||
Total | $ | 7,798 | $ | 4,233 | $ | 12,031 | $ | 7,884 | $ | 4,289 | $ | 12,173 | |||||||||||||||||||||||
Troubled debt restructured loans may qualify for return to accrual status if the borrower complies with the revised terms and conditions and has demonstrated sustained payment performance consistent with the modified terms for a minimum of six consecutive payment cycles after the restructuring date. In addition, the collection of future payments must be reasonably assured. | |||||||||||||||||||||||||||||||||||
The following presents information regarding existing loans that were restructured, resulting in the loan being classified as a troubled debt restructuring: | |||||||||||||||||||||||||||||||||||
Loans Restructured in the Three Months | Loans Restructured in the Three Months | ||||||||||||||||||||||||||||||||||
Ended March 31, 2015 | Ended March 31, 2014 | ||||||||||||||||||||||||||||||||||
Pre-Â Modification | Post-Modification | Pre-Â Modification | Post-Modification | ||||||||||||||||||||||||||||||||
Number | Recorded | Recorded | Number | Recorded | Recorded | ||||||||||||||||||||||||||||||
of Loans | Investment | Investment | of Loans | Investment | Investment | ||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||
Commercial | - | $ | - | $ | - | - | $ | - | $ | - | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Owner occupied | - | - | - | 1 | 35 | 35 | |||||||||||||||||||||||||||||
Nonowner occupied | 1 | 27 | 27 | 1 | 212 | 212 | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Mortgage - Residential | 1 | 15 | 15 | - | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | 1 | 64 | 64 | - | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total | 3 | $ | 106 | $ | 106 | 2 | $ | 247 | $ | 247 | |||||||||||||||||||||||||
During the three months ended March 31, 2015, the Corporation had two TDR loans with a recorded investment of $66,000 that defaulted within 12 months of restructuring. During the three months ended March 31, 2014 there were no payment defaults on TDR loans. A loan is considered to be in payment default generally once it is 90 days contractually past due under the modified terms. | |||||||||||||||||||||||||||||||||||
The following summarizes the nature of concessions granted by the Corporation to borrowers experiencing financial difficulties which resulted in troubled debt restructurings: | |||||||||||||||||||||||||||||||||||
Non-Market Interest Rate | |||||||||||||||||||||||||||||||||||
Extension of | and Extension of | ||||||||||||||||||||||||||||||||||
Non-Market Interest Rate | Amortization Period | Amortization Period | |||||||||||||||||||||||||||||||||
Pre-Modification | Pre-Modification | Pre-Modification | |||||||||||||||||||||||||||||||||
Number | Recorded | Number | Recorded | Number | Recorded | ||||||||||||||||||||||||||||||
of Loans | Investment | of Loans | Investment | of Loans | Investment | ||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||
Three months ended March 31, 2015 | |||||||||||||||||||||||||||||||||||
Commercial | - | $ | - | $ | - | - | $ | - | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Owner occupied | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Nonowner occupied | - | - | 1 | 27 | - | - | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Mortgage - Residential | - | - | 1 | 15 | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | 1 | 64 | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total | - | $ | - | 3 | $ | 106 | - | $ | - | ||||||||||||||||||||||||||
Three months ended March 31, 2014 | |||||||||||||||||||||||||||||||||||
Commercial | - | $ | - | $ | - | - | $ | - | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Owner occupied | - | - | 1 | 35 | - | - | |||||||||||||||||||||||||||||
Nonowner occupied | - | - | 1 | 212 | - | - | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Mortgage - Residential | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total | - | $ | - | 2 | $ | 247 | - | $ | - | ||||||||||||||||||||||||||
During the three months ended March 31, 2015 and 2014, there were no non-market interest rate restructurings of substandard performing loans that were renewed at their existing contractual rates or non-market rates. Renewals of substandard performing loans at non-market interest rates are considered troubled debt restructurings. | |||||||||||||||||||||||||||||||||||
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | |||||||||||||
Mar. 31, 2015 | ||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||
Fair Value Disclosures [Text Block] | 6. Fair Value Measurements | |||||||||||||
ASC Topic 820 defines fair value and establishes a consistent framework for measuring fair value and expands disclosure requirements for fair value measurements. Fair values represent the estimated price that would be received from selling an asset or paid to transfer a liability, otherwise known as an “exit price”. The three levels of inputs that may be used to measure fair value are as follows: | ||||||||||||||
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. | ||||||||||||||
Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable or can be derived from or corroborated by observable market data by correlation or other means. | ||||||||||||||
Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. | ||||||||||||||
The following is a description of the Corporation’s valuation methodologies used to measure and disclose the fair values of its financial assets and liabilities on a recurring basis: | ||||||||||||||
Securities available for sale. Securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based on quoted prices, if available (Level 1). If quoted prices are not available, fair values are measured using independent pricing models such as matrix pricing models (Level 2). Matrix pricing is a mathematical technique widely used in the financial industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. Level 2 securities include U.S. government and agency securities, other U.S. government and agency mortgage-backed securities, municipal bonds and preferred stock securities. Level 3 securities include private collateralized mortgage obligations. The fair value measurement of our only Level 3 security, a non-investment grade, non-government agency CMO, and details regarding significant inputs and assumptions used in estimating its fair value, is detailed in Note 3, Securities. | ||||||||||||||
Fair value of assets measured on a recurring basis: | ||||||||||||||
Quoted Prices in | Significant Other | Significant | ||||||||||||
Active Markets for | Observable | Unobservable | ||||||||||||
Identical Assets | Inputs | Inputs | ||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | |||||||||||
(in thousands) | ||||||||||||||
31-Mar-15 | ||||||||||||||
Mortgage-backed/CMO | $ | 113,960 | $ | - | $ | 112,843 | $ | 1,117 | ||||||
U.S. Agency | 10,459 | - | 10,459 | - | ||||||||||
Obligations of state and political subdivisions | 1,601 | - | 1,601 | - | ||||||||||
Preferred stock | 322 | - | 322 | - | ||||||||||
Total investment securities available for sale | $ | 126,342 | $ | - | $ | 125,225 | $ | 1,117 | ||||||
31-Dec-14 | ||||||||||||||
Mortgage-backed/CMO | $ | 107,137 | $ | - | $ | 105,942 | $ | 1,195 | ||||||
U.S. Agency | 23,130 | - | 23,130 | - | ||||||||||
Obligations of state and political subdivisions | 1,605 | - | 1,605 | - | ||||||||||
Preferred stock | 303 | - | 303 | - | ||||||||||
Total investment securities available for sale | $ | 132,175 | $ | - | $ | 130,980 | $ | 1,195 | ||||||
The reconciliation of the beginning and ending balances of the asset classified by the Corporation within Level 3 of the valuation hierarchy for the three months ended March 31, 2015 is as follows: | ||||||||||||||
Fair Value Measurement | ||||||||||||||
Using Significant | ||||||||||||||
Unobservable Inputs | ||||||||||||||
(Level 3) | ||||||||||||||
Fair value of non-government agency CMO security, beginning of year(1) | $ | 1,195 | ||||||||||||
Total gains (losses) realized/unrealized: | ||||||||||||||
Included in earnings(2) | - | |||||||||||||
Included in other comprehensive income (2) | 1 | |||||||||||||
Purchases, issuances, and other settlements | -79 | |||||||||||||
Transfers into Level 3 | - | |||||||||||||
Fair value of non-government agency CMO security, March 31, 2015 | $ | 1,117 | ||||||||||||
Total amount of losses for the year included in earnings attributable to the | ||||||||||||||
change in unrealized losses relating to assets still held at March 31, 2015 | $ | - | ||||||||||||
-1 | Non-government agency CMO classified as available for sale is valued using internal valuation models and pricing information from third parties. | |||||||||||||
-2 | Realized gains (losses), including unrealized losses deemed other-than-temporary, are reported in noninterest income. Unrealized gains (losses) are reported in accumulated other comprehensive income (loss). | |||||||||||||
The following is a description of the Corporation’s valuation methodologies used to measure and disclose the fair values of its financial assets and liabilities on a non-recurring basis: | ||||||||||||||
Loans. The Corporation does not record loans at fair value on a recurring basis. However, from time to time, the Corporation records nonrecurring fair value adjustments to collateral dependent loans to reflect partial write-downs or specific reserves that are based on the observable market price or current appraised value of the collateral. These loans are reported in the nonrecurring table below at initial recognition of impairment and on an ongoing basis until recovery or charge off. When the fair value of the collateral is based on an observable market price or a current appraised value, the Corporation records the impaired loan as nonrecurring Level 2. When a current appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Corporation records the impaired loan as nonrecurring Level 3. | ||||||||||||||
  | ||||||||||||||
Other real estate owned. Real estate acquired through foreclosure or deed-in-lieu is adjusted to fair value less costs to sell upon transfer of the loan to other real estate owned, usually based on an appraisal of the property. Subsequently, other real estate owned is carried at the lower of carrying value or fair value, less cost to sell. A valuation based on a current appraisal or by a broker’s opinion is considered a Level 2 fair value. If management determines the fair value of the property is further impaired below the appraised value and there is no observable market price, the Corporation records the property as nonrecurring Level 3. | ||||||||||||||
Fair value of assets on a non-recurring basis: | ||||||||||||||
Quoted Prices in | Significant Other | Significant | ||||||||||||
Active Markets for | Observable | Unobservable | ||||||||||||
Identical Assets | Inputs | Inputs | ||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | |||||||||||
(in thousands) | ||||||||||||||
31-Mar-15 | ||||||||||||||
Impaired loans (1) | $ | 10,544 | $ | - | $ | - | $ | 10,544 | ||||||
Other real estate owned | $ | 1,052 | $ | - | $ | - | $ | 1,052 | ||||||
31-Dec-14 | ||||||||||||||
Impaired loans (1) | $ | 10,885 | $ | - | $ | - | $ | 10,885 | ||||||
Other real estate owned | $ | 1,174 | $ | - | $ | - | $ | 1,174 | ||||||
-1 | Represents carrying value and related write-downs and specific reserves pertaining to collateral dependent loans for which adjustments are based on the appraised value of the collateral or by other unobservable inputs. | |||||||||||||
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Investments, All Other Investments [Abstract] | ||||||||||||||||
Financial Instruments Disclosure [Text Block] | 7. Fair Value of Financial Instruments | |||||||||||||||
Fair value disclosures require fair-value information about financial instruments for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair-value estimates cannot be substantiated by comparison to independent markets and, in many cases, cannot be realized in immediate settlement of the instrument. | ||||||||||||||||
Fair-value methods and assumptions for the Corporation’s financial instruments are as follows: | ||||||||||||||||
Cash and cash equivalents – The carrying amounts reported in the consolidated balance sheet for cash and short term investments reasonably approximate those assets’ fair values. | ||||||||||||||||
Investment securities – Fair values for investment securities are determined as discussed above. | ||||||||||||||||
FHLBI and FRB stock – The carrying amounts reported in the consolidated balance sheet for FHLBI and FRB stock reasonably approximate those assets’ fair values. | ||||||||||||||||
Loans – For variable-rate loans that reprice frequently, fair values are generally based on carrying values, adjusted for credit risk. The fair value of fixed-rate loans is estimated by discounting future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. | ||||||||||||||||
Accrued interest income – The carrying amount of accrued interest income is a reasonable estimate of fair value. | ||||||||||||||||
Deposit liabilities – The fair value of deposits with no stated maturity, such as demand deposit, NOW, savings, and money market accounts, is equal to the amount payable on demand. The fair value of certificates of deposit is estimated using rates currently offered for wholesale funds with similar remaining maturities. | ||||||||||||||||
Accrued interest payable – The carrying amount of accrued interest payable is a reasonable estimate of fair value. | ||||||||||||||||
Off-balance-sheet instruments – The fair value of commitments to extend credit 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 extend credit, including letters of credit, is estimated to approximate their aggregate book balance and is not considered material and therefore not included in the following table. | ||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||
Level in Fair Value | Carrying | Fair | Carrying | Fair | ||||||||||||
Hierarchy | Value | Value | Value | Value | ||||||||||||
(in thousands) | ||||||||||||||||
Financial assets: | ||||||||||||||||
Cash and cash equivalents | Level 1 | $ | 32,853 | $ | 32,853 | $ | 26,138 | $ | 26,138 | |||||||
Short term investments | Level 2 | 198 | 198 | 198 | 198 | |||||||||||
Investment and mortgage-backed securities | Level 2 | 125,225 | 125,225 | 130,980 | 130,980 | |||||||||||
Non-government agency CMO security | Level 3 | 1,117 | 1,117 | 1,195 | 1,195 | |||||||||||
FHLBI and FRB stock | Level 2 | 1,140 | 1,140 | 1,140 | 1,140 | |||||||||||
Loans, net | Level 3 | 155,123 | 155,155 | 152,937 | 153,284 | |||||||||||
Accrued interest income | Level 2 | 710 | 710 | 683 | 683 | |||||||||||
Financial liabilities: | ||||||||||||||||
Deposits | Level 2 | 292,651 | 287,820 | 290,379 | 284,225 | |||||||||||
Accrued interest expense | Level 2 | 54 | 54 | 59 | 59 | |||||||||||
Limitations | ||||||||||||||||
Fair-value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discounts that could result from offering for sale at one time the Corporation’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Corporation’s financial instruments, fair-value estimates are based on judgments regarding future loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment, and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. | ||||||||||||||||
Shareholders_Equity
Shareholders' Equity | 3 Months Ended |
Mar. 31, 2015 | |
Stockholders Equity Note [Abstract] | |
Stockholders Equity Note Disclosure [Text Block] | 8. Shareholders’ Equity |
On December 11, 2013, the Corporation closed a private placement offering to accredited investors and issued 17,510 shares of its Mandatorily Convertible Non-Cumulative Junior Participating Preferred Stock, Series B (the “Series B Preferred Shares”). The transaction generated gross proceeds to the Corporation of approximately $17.5 million and provided additional equity of approximately $16.5 million after related offering costs. At that time, shares of preferred stock were offered in the private placement instead of common stock because the Corporation did not have a sufficient number of authorized common shares to raise the desired amount of capital needed from the private placement. | |
On March 27, 2014, the Corporation completed the issuance and sale of new shares of common stock to shareholders of record on January 8, 2014 pursuant to a rights offering that was registered with the SEC. The Corporation issued a total of approximately 2.3 million common shares in the rights offering. The rights offering generated gross proceeds of approximately $1.6 million and provided additional equity to the Corporation of approximately $1.5 million, after offering costs. | |
At the Corporation’s annual shareholder meeting held on May 22, 2014, shareholders voted to amend the Corporation’s Restated Articles of Incorporation to increase the amount of authorized shares of common stock from 11 million to 40 million shares. The increase in authorized common shares triggered the mandatory conversion of the Series B Preferred Shares to common stock, pursuant to the Certificate of Designation of the Series B Shares, filed as Exhibit 3.1 to the Corporation’s Current Report on Form 8-K filed on December 6, 2013. As a result, effective May 22, 2014, the 17,510 issued and outstanding shares of Series B Preferred Shares were converted into 25,014,256 shares of common stock at a rate of $0.70 per share of common stock. | |
Prior to the conversion into common stock, the terms of the Series B Preferred Shares were substantially identical to the terms applicable to the outstanding common stock with respect to dividends, distributions, voting, and all other matters. | |
Given the parity of the rights and limitations and the lack of preferences of the Series B Preferred Shares relative to the Corporation's common stock, the Series B Preferred Shares were, for all purposes, considered a common stock equivalent while they were outstanding. | |
Because the sale of the Series B Preferred Shares was not registered under federal securities laws pursuant to an exemption from such registration requirements, the related shares of common stock issued upon conversion of the Series B Preferred Shares are also not registered under federal securities laws. | |
Net_Income_per_Common_Share
Net Income per Common Share | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Earnings Per Share [Abstract] | ||||||||
Earnings Per Share [Text Block] | 9. Net Income per Common Share | |||||||
Basic earnings per common share are based on the weighted average number of common shares and participating securities outstanding during the period. Diluted earnings per share are the same as basic earnings per share because any additional potential common shares issuable are included in the basic earnings per share calculation. On January 1, 2009, the Corporation adopted new guidance impacting ASC Topic 260, Earnings Per Share, related to determining whether instruments granted in a share-based payment transaction are participating securities. This guidance requires that unvested stock awards which contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid (referred to as “participating securities”), be included in the number of shares outstanding for both basic and diluted earnings per share calculations. There were no participating securities at March 31, 2015 and 2014. | ||||||||
For purposes of determining basic and diluted net income per share for 2015 and 2014, while the Corporation’s 17,510 shares of Series B Preferred Shares were outstanding (issued on December 11, 2013 and converted into common stock on May 22, 2014), the shares were considered a common stock equivalent and converted to common shares at a rate reflecting a price per share of common stock of $0.70. | ||||||||
  | ||||||||
The following presents basic and diluted net income per share: | ||||||||
Three Months Ended March 31, | ||||||||
2015 | 2014 | |||||||
(dollars in thousands, except per share amounts) | ||||||||
Weighted average  basic and diluted common shares outstanding | 27,770,379 | 557,989 | ||||||
Weighted average common stock equivalent preferred shares outstanding, as converted | - | 25,014,285 | ||||||
Total weighted average basic and diluted shares outstanding | 27,770,379 | 25,572,274 | ||||||
Net income available to shareholders | $ | 133 | $ | 49 | ||||
Basic and diluted net income per share | $ | 0 | $ | 0 | ||||
Income_Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | 10. Income Taxes |
For the three month periods ended March 31, 2015 and 2014, the Corporation recognized current income tax expense of $12,000 and $5,000 based on its alternative minimum taxable income. No regular income tax expense was recognized during the three month periods ended March 31, 2015 and 2014 due to the Corporation’s tax loss carryforward position. | |
Subsequent_Event
Subsequent Event | 3 Months Ended |
Mar. 31, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | 11. Subsequent Event |
On May 5, 2015, the Corporation submitted notice to the Securities and Exchange Commission (SEC) to initiate deregistration as a reporting company. The decision to deregister resulted from the Board’s intent to maximize long-term shareholder value based on an evaluation of the costs and benefits of remaining a reporting company. The decision follows adoption of the federal “JOBS Act”, which allows bank holding companies with fewer than 1,200 shareholders of record to deregister. The Corporation’s deregistration is expected to become effective in early August 2015, at which time its usual reporting obligations (e.g., annual Form 10-K, quarterly Form 10-Qs, and current reports on Form 8-K) will be suspended. After deregistration, the Corporation’s common stock will continue to be quoted and traded under the symbol “FNHM” on the OTCBB. | |
Securities_Tables
Securities (Tables) | 3 Months Ended | |||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ||||||||||||||||||||
Available-for-sale Securities [Table Text Block] | Securities available for sale consist of the following: | |||||||||||||||||||
Unrealized | ||||||||||||||||||||
Amortized Cost | Gains | Losses | Fair Value | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
31-Mar-15 | ||||||||||||||||||||
Mortgage-backed/CMO | $ | 114,124 | $ | 501 | $ | -665 | $ | 113,960 | ||||||||||||
U.S. Agency | 10,395 | 64 | - | 10,459 | ||||||||||||||||
Obligations of state and political subdivisions | 1,585 | 16 | - | 1,601 | ||||||||||||||||
Preferred stock(1) | 49 | 273 | - | 322 | ||||||||||||||||
Total available for sale | $ | 126,153 | $ | 854 | $ | -665 | $ | 126,342 | ||||||||||||
31-Dec-14 | ||||||||||||||||||||
Mortgage-backed/CMO | $ | 107,489 | $ | 409 | $ | -761 | $ | 107,137 | ||||||||||||
U.S. Agency | 23,108 | 28 | -6 | 23,130 | ||||||||||||||||
Obligations of state and political subdivisions | 1,586 | 19 | - | 1,605 | ||||||||||||||||
Preferred stock(1) | 49 | 254 | - | 303 | ||||||||||||||||
Total available for sale | $ | 132,232 | $ | 710 | $ | -767 | $ | 132,175 | ||||||||||||
  | ||||||||||||||||||||
(1) Represents preferred stocks issued by Freddie Mac and Fannie Mae | ||||||||||||||||||||
Schedule Of Securities Par value Book Value Carrying Value and Unrealized Losses [Table Text Block] | A summary of the par value, book value, carrying value (fair value) and unrealized loss for the non-agency mortgage-backed security is presented below: | |||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||
Amount | % of Par | Amount | % of Par | |||||||||||||||||
(dollars in thousands) | ||||||||||||||||||||
Par value | $ | 1,179 | 100 | % | $ | 1,269 | 100 | % | ||||||||||||
Book value | 1,050 | 89.06 | % | 1,129 | 88.97 | % | ||||||||||||||
Carrying value | 1,117 | 94.74 | % | 1,195 | 94.17 | % | ||||||||||||||
Unrealized loss | - | 0 | % | - | 0 | % | ||||||||||||||
Schedule Of Financing Receivable Key Attributes [Table Text Block] | Certain key attributes of the underlying loans supporting the security included the following: | |||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||
Weighted average remaining credit score (based on original FICO) | 737 | 737 | ||||||||||||||||||
Primary location of underlying loans: | ||||||||||||||||||||
California | 68 | % | 69 | % | ||||||||||||||||
Florida | 4 | % | 4 | % | ||||||||||||||||
Other | 28 | % | 27 | % | ||||||||||||||||
Delinquency status of underlying loans: | ||||||||||||||||||||
Past due 30-59 days | 5.5 | % | 3.28 | % | ||||||||||||||||
Past due 60-89 days | 0 | % | 0.88 | % | ||||||||||||||||
Past due 90 days or more | 4.86 | % | 5.8 | % | ||||||||||||||||
In process of foreclosure | 6.46 | % | 7.3 | % | ||||||||||||||||
Held as other real estate owned | 0.64 | % | 0.89 | % | ||||||||||||||||
Key Assumptions Used To Estimate Fair Value Of Security [Table Text Block] | The specialist calculates an estimate of the fair value of the security's cash flows using an INTEX valuation model, subject to certain assumptions regarding collateral related cash flows such as expected prepayment rates, default rates, loss severity estimates, and discount rates as key valuation inputs. | |||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||
Voluntary repayment rate (CRR) | 15.43 | % | 15.97 | % | ||||||||||||||||
Default rates: | ||||||||||||||||||||
Within next 24 months | 6.37 | % | 7.77 | % | ||||||||||||||||
Decreasing to (by month 37) | 3.9 | % | 3.68 | % | ||||||||||||||||
Decreasing to (by month 197 at March 2015 and by month 200 at December 2014) | 0 | % | 0 | % | ||||||||||||||||
Loss severity rates: | ||||||||||||||||||||
Initial loss upon default (Year 1) | 45.48 | % | 47.2 | % | ||||||||||||||||
Per annum decrease in loss rate (Years 2 - 11) | 3.5 | % | 3.5 | % | ||||||||||||||||
Floor (Year 12) | 23 | % | 23 | % | ||||||||||||||||
Discount rate (1): | 5.5 | % | 5.5 | % | ||||||||||||||||
Remaining credit support provided by other collateral pools of underlying loans within the security: | 0.03 | % | 0.04 | % | ||||||||||||||||
(1) Intended to reflect estimated uncertainty and liquidity premiums, after adjustment for estimated credit loss cash flows. | ||||||||||||||||||||
Schedule Of Available For Sale Securities Amortized Cost Basis Over Fair Value Of Securities [Table Text Block] | The following is a summary of the gross unrealized losses and fair value of securities by length of time that individual securities have been in a continuous loss position: | |||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||
Unrealized | Fair | Unrealized | Fair | Unrealized | Fair | |||||||||||||||
losses | Value | losses | Value | losses | Value | |||||||||||||||
(in thousands) | ||||||||||||||||||||
31-Mar-15 | ||||||||||||||||||||
Mortgage-backed/CMO | $ | -201 | $ | 19,057 | $ | -464 | $ | 21,273 | $ | -665 | $ | 40,330 | ||||||||
31-Dec-14 | ||||||||||||||||||||
Mortgage-backed/CMO | $ | -185 | $ | 28,453 | $ | -576 | $ | 22,141 | $ | -761 | 50,594 | |||||||||
Obligations of state and political subdivisions | -6 | 4,687 | - | - | -6 | 4,687 | ||||||||||||||
Total | $ | -191 | $ | 33,140 | $ | -576 | $ | 22,141 | $ | -767 | $ | 55,281 | ||||||||
Schedule Of Amortized Cost and Approximate Fair Value Of Investment Securities By Contractual Maturity [Table Text Block] | The amortized cost and fair value of securities available for sale, by contractual maturity, follow. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||
Amortized | Approximate | Amortized | Approximate | |||||||||||||||||
Cost | Fair Value | Cost | Fair Value | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
Maturing within one year | $ | 254 | $ | 254 | $ | 4,276 | $ | 4,278 | ||||||||||||
Maturing after one year but within five years | 9,200 | 9,258 | 17,587 | 17,606 | ||||||||||||||||
Maturing after five years but within ten years | 2,000 | 2,010 | 2,305 | 2,312 | ||||||||||||||||
Maturing after ten years | 575 | 860 | 575 | 842 | ||||||||||||||||
12,029 | 12,382 | 24,743 | 25,038 | |||||||||||||||||
Mortgage-backed/CMO securities | 114,124 | 113,960 | 107,489 | 107,137 | ||||||||||||||||
Totals | $ | 126,153 | $ | 126,342 | $ | 132,232 | $ | 132,175 | ||||||||||||
Loans_Tables
Loans (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Receivables [Abstract] | ||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | The recorded investment in portfolio loans consists of the following: | |||||||
March 31, 2015 | December 31, 2014 | |||||||
(in thousands) | ||||||||
Commercial | $ | 15,682 | $ | 15,130 | ||||
Commercial real estate: | ||||||||
Construction, land development, and other land | 4,612 | 5,050 | ||||||
Owner occupied | 43,728 | 47,434 | ||||||
Nonowner occupied | 59,624 | 59,440 | ||||||
Consumer real estate: | ||||||||
Commercial purpose | 5,335 | 5,463 | ||||||
Mortgage - Residential | 16,137 | 11,631 | ||||||
Home equity and home equity lines of credit | 10,311 | 9,613 | ||||||
Consumer and Other | 7,006 | 6,444 | ||||||
Subtotal | 162,435 | 160,205 | ||||||
Unearned income | -150 | -159 | ||||||
Total Loans | $ | 162,285 | $ | 160,046 | ||||
Allowance_for_Loan_Losses_and_1
Allowance for Loan Losses and Credit Quality of Loans (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||||||||
Allowance For Loan Losses and Credit Quality Of Loans [Table Text Block] | Activity in the allowance for loan losses by portfolio segment for three months ended: | ||||||||||||||||||||||||||||||||||
Commercial | Consumer | Consumer | |||||||||||||||||||||||||||||||||
Commercial | Real Estate | Real Estate | and Other | Total | |||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
31-Mar-15 | |||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||
Beginning balance | $ | 415 | $ | 5,371 | $ | 1,084 | $ | 239 | $ | 7,109 | |||||||||||||||||||||||||
Charge offs | -15 | - | - | -30 | -45 | ||||||||||||||||||||||||||||||
Recoveries | 33 | 23 | 25 | 17 | 98 | ||||||||||||||||||||||||||||||
Provision | 80 | -498 | 271 | 147 | - | ||||||||||||||||||||||||||||||
Ending balance | $ | 513 | $ | 4,896 | $ | 1,380 | $ | 373 | $ | 7,162 | |||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||
Beginning balance | $ | 633 | $ | 7,180 | $ | 1,215 | $ | 186 | $ | 9,214 | |||||||||||||||||||||||||
Charge offs | -1 | -41 | -23 | -21 | -86 | ||||||||||||||||||||||||||||||
Recoveries | 57 | 9 | 17 | 28 | 111 | ||||||||||||||||||||||||||||||
Provision | -67 | 81 | -25 | 11 | - | ||||||||||||||||||||||||||||||
Ending balance | $ | 622 | $ | 7,229 | $ | 1,184 | $ | 204 | $ | 9,239 | |||||||||||||||||||||||||
Schedule Of Allowance For Loan Losses and Loan Balances By Portfolio Segment Based On Impairment [Table Text Block] | The following shows the balance in allowance for loan losses and loan balances by portfolio segment based on impairment method: | ||||||||||||||||||||||||||||||||||
Commercial | Commercial Real Estate | Consumer Real Estate | Consumer and Other | Total | |||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
31-Mar-15 | |||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | - | $ | 1,657 | $ | - | $ | - | $ | 1,657 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 513 | 3,239 | 1,380 | 373 | 5,505 | ||||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 513 | $ | 4,896 | $ | 1,380 | $ | 373 | $ | 7,162 | |||||||||||||||||||||||||
Recorded investment in loans: | |||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 193 | $ | 11,262 | $ | 746 | $ | - | $ | 12,201 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 15,489 | 96,702 | 31,037 | 7,006 | 150,234 | ||||||||||||||||||||||||||||||
Total recorded investment in loans | $ | 15,682 | $ | 107,964 | $ | 31,783 | $ | 7,006 | $ | 162,435 | |||||||||||||||||||||||||
31-Dec-14 | |||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1 | $ | 1,681 | $ | 5 | $ | - | $ | 1,687 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 414 | 3,690 | 1,079 | 239 | 5,422 | ||||||||||||||||||||||||||||||
Total allowance for loan losses | $ | 415 | $ | 5,371 | $ | 1,084 | $ | 239 | $ | 7,109 | |||||||||||||||||||||||||
Recorded investment in loans: | |||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 233 | $ | 11,324 | $ | 1,015 | $ | - | $ | 12,572 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 14,897 | 100,600 | 25,692 | 6,444 | 147,633 | ||||||||||||||||||||||||||||||
Total recorded investment in loans | $ | 15,130 | $ | 111,924 | $ | 26,707 | $ | 6,444 | $ | 160,205 | |||||||||||||||||||||||||
Loan and Lease Receivables, Credit Risk Grades [Table Text Block] | The following shows the recorded investment in loans by risk grade and a summary of nonperforming loans, by class of loan: | ||||||||||||||||||||||||||||||||||
Not Rated | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | Total | Nonperforming | |||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
31-Mar-15 | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | 295 | $ | 43 | $ | 4,170 | $ | 4,842 | $ | 5,915 | $ | 180 | $ | 237 | $ | - | $ | 15,682 | $ | 220 | |||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | - | - | - | 715 | 1,760 | 366 | 342 | 1,429 | 4,612 | 1,682 | ||||||||||||||||||||||||
Owner occupied | - | - | 374 | 2,401 | 22,543 | 15,937 | 491 | 1,982 | - | 43,728 | 1,303 | ||||||||||||||||||||||||
Nonowner occupied | - | - | 323 | 3,842 | 21,097 | 27,477 | 4,631 | 2,254 | - | 59,624 | 2,173 | ||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial Purpose | - | - | - | 54 | 962 | 2,849 | 649 | 821 | - | 5,335 | 338 | ||||||||||||||||||||||||
Mortgage - Residential | 9,375 | - | - | - | - | 4,391 | - | 2,371 | - | 16,137 | 2,251 | ||||||||||||||||||||||||
Home equity and home equity lines of credit | 9,061 | - | - | - | - | 947 | - | 303 | - | 10,311 | 303 | ||||||||||||||||||||||||
Consumer and Other | 6,588 | - | - | - | 1 | 318 | 97 | 2 | - | 7,006 | 79 | ||||||||||||||||||||||||
Total | $ | 25,024 | $ | 295 | $ | 740 | $ | 10,467 | $ | 50,160 | $ | 59,594 | $ | 6,414 | $ | 8,312 | $ | 1,429 | $ | 162,435 | $ | 8,349 | |||||||||||||
31-Dec-14 | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | 239 | $ | 44 | $ | 3,294 | $ | 4,959 | $ | 6,139 | $ | 194 | $ | 261 | $ | - | $ | 15,130 | $ | 233 | |||||||||||||
Commercial Real Estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | - | - | - | 1,072 | 1,796 | 377 | 366 | 1,439 | 5,050 | 1,740 | ||||||||||||||||||||||||
Owner occupied | - | - | 415 | 4,949 | 23,632 | 15,906 | 496 | 2,036 | - | 47,434 | 965 | ||||||||||||||||||||||||
Nonowner occupied | - | - | 337 | 4,035 | 20,287 | 27,741 | 4,685 | 2,355 | - | 59,440 | 2,148 | ||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial Purpose | - | - | - | 55 | 1,172 | 2,575 | 654 | 1,007 | - | 5,463 | 517 | ||||||||||||||||||||||||
Mortgage - Residential | 4,589 | - | - | - | - | 4,381 | - | 2,661 | - | 11,631 | 2,497 | ||||||||||||||||||||||||
Home equity and home equity lines of credit | 8,314 | - | - | - | - | 986 | - | 313 | - | 9,613 | 137 | ||||||||||||||||||||||||
Consumer and Other | 6,038 | - | - | - | - | 285 | - | 121 | - | 6,444 | 71 | ||||||||||||||||||||||||
Total | $ | 18,941 | $ | 239 | $ | 796 | $ | 12,333 | $ | 51,122 | $ | 59,809 | $ | 6,406 | $ | 9,120 | $ | 1,439 | $ | 160,205 | $ | 8,308 | |||||||||||||
Past Due Financing Receivables [Table Text Block] | An aging analysis of the recorded investment in past due loans, segregated by class of loans follows: | ||||||||||||||||||||||||||||||||||
90+Â Days | |||||||||||||||||||||||||||||||||||
Loans Past Due | Past Due | ||||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90+ Days | Total | Current | Total | and Accruing | |||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
31-Mar-15 | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | 92 | $ | - | $ | 92 | $ | 15,590 | $ | 15,682 | $ | - | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 1,476 | - | 138 | 1,614 | 2,998 | 4,612 | - | ||||||||||||||||||||||||||||
Owner occupied | 171 | - | 31 | 202 | 43,526 | 43,728 | - | ||||||||||||||||||||||||||||
Nonowner occupied | 264 | - | 204 | 468 | 59,156 | 59,624 | 88 | ||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | - | - | 140 | 140 | 5,195 | 5,335 | - | ||||||||||||||||||||||||||||
Mortgage - Residential | 1,245 | 659 | 10 | 1,914 | 14,223 | 16,137 | - | ||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | 45 | 45 | 10,266 | 10,311 | - | ||||||||||||||||||||||||||||
Consumer and Other | 55 | 4 | 10 | 69 | 6,937 | 7,006 | - | ||||||||||||||||||||||||||||
Total | $ | 3,211 | $ | 755 | $ | 578 | $ | 4,544 | $ | 157,891 | $ | 162,435 | $ | 88 | |||||||||||||||||||||
31-Dec-14 | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | 15,130 | $ | 15,130 | $ | - | |||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | 105 | 43 | 148 | 4,902 | 5,050 | - | ||||||||||||||||||||||||||||
Owner occupied | 24 | - | 20 | 44 | 47,390 | 47,434 | - | ||||||||||||||||||||||||||||
Nonowner occupied | 174 | - | 97 | 271 | 59,169 | 59,440 | - | ||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | - | 112 | 191 | 303 | 5,160 | 5,463 | - | ||||||||||||||||||||||||||||
Mortgage - Residential | 868 | 521 | 375 | 1,764 | 9,867 | 11,631 | 4 | ||||||||||||||||||||||||||||
Home equity and home equity lines of credit | 2 | - | - | 2 | 9,611 | 9,613 | - | ||||||||||||||||||||||||||||
Consumer and Other | 33 | 6 | - | 39 | 6,405 | 6,444 | - | ||||||||||||||||||||||||||||
Total | $ | 1,101 | $ | 744 | $ | 726 | $ | 2,571 | $ | 157,634 | $ | 160,205 | $ | 4 | |||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | The following is a summary of the recorded investment in nonaccrual loans, by class of loan: | ||||||||||||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
Commercial | $ | 220 | $ | 233 | |||||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 1,682 | 1,692 | |||||||||||||||||||||||||||||||||
Owner occupied | 1,303 | 965 | |||||||||||||||||||||||||||||||||
Nonowner occupied | 2,085 | 2,148 | |||||||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | 338 | 517 | |||||||||||||||||||||||||||||||||
Mortgage - Residential | 2,251 | 2,497 | |||||||||||||||||||||||||||||||||
Home equity and home equity lines of credit | 303 | 137 | |||||||||||||||||||||||||||||||||
Consumer and Other | 79 | 119 | |||||||||||||||||||||||||||||||||
Total | $ | 8,261 | $ | 8,308 | |||||||||||||||||||||||||||||||
Schedule Of Impaired Loans and Related Valuation Allowance Allocations By Class Of Loan [Table Text Block] | The following shows information pertaining to impaired loans and related valuation allowance allocations by class of loan: | ||||||||||||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||||||||||||
Unpaid | Unpaid | ||||||||||||||||||||||||||||||||||
Recorded | Principal | Valuation | Recorded | Principal | Valuation | ||||||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Balance | Allowance | ||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | 30 | $ | 32 | $ | 1 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 2,122 | 4,397 | 1,547 | 2,144 | 4,411 | 1,567 | |||||||||||||||||||||||||||||
Owner occupied | 1,169 | 1,262 | 108 | 1,182 | 1,483 | 111 | |||||||||||||||||||||||||||||
Nonowner occupied | 68 | 75 | 3 | 97 | 104 | 4 | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | 81 | 100 | 3 | 94 | 100 | 4 | |||||||||||||||||||||||||||||
Mortgage - Residential | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total | 3,440 | 5,834 | 1,661 | 3,547 | 6,130 | 1,687 | |||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||
Commercial | 220 | 230 | - | 203 | 209 | - | |||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 295 | 435 | - | 317 | 451 | - | |||||||||||||||||||||||||||||
Owner occupied | 1,703 | 1,953 | - | 1,368 | 1,605 | - | |||||||||||||||||||||||||||||
Nonowner occupied | 6,104 | 6,630 | - | 6,216 | 6,673 | - | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | 745 | 847 | - | 921 | 1,024 | - | |||||||||||||||||||||||||||||
Mortgage - Residential | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total | 9,067 | 10,095 | - | 9,025 | 9,962 | - | |||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||
Commercial | 220 | 230 | - | 233 | 241 | 1 | |||||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 2,417 | 4,832 | 1,547 | 2,461 | 4,862 | 1,567 | |||||||||||||||||||||||||||||
Owner occupied | 2,872 | 3,215 | 108 | 2,550 | 3,088 | 111 | |||||||||||||||||||||||||||||
Nonowner occupied | 6,172 | 6,705 | 3 | 6,313 | 6,777 | 4 | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | 826 | 947 | 3 | 1,015 | 1,124 | 4 | |||||||||||||||||||||||||||||
Mortgage - Residential | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total Impaired Loans | $ | 12,507 | $ | 15,929 | $ | 1,661 | $ | 12,572 | $ | 16,092 | $ | 1,687 | |||||||||||||||||||||||
Schedule Of Impaired Loans [Table Text Block] | The following shows information pertaining to the recorded investment in impaired loans for the three months ended: | ||||||||||||||||||||||||||||||||||
March 31, 2015 | March 31, 2014 | ||||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||||
Outstanding | Income | Outstanding | Income | ||||||||||||||||||||||||||||||||
Balance | Recognized | Balance | Recognized | ||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
Commercial | $ | 228 | $ | - | $ | 373 | $ | 2 | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 2,454 | 9 | 2,696 | 10 | |||||||||||||||||||||||||||||||
Owner occupied | 2,896 | 22 | 6,037 | 48 | |||||||||||||||||||||||||||||||
Nonowner occupied | 6,226 | 52 | 8,017 | 59 | |||||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | 733 | 7 | 1,808 | 11 | |||||||||||||||||||||||||||||||
Mortgage - Residential | - | - | - | - | |||||||||||||||||||||||||||||||
Home equity and home equity lines of credit | 110 | - | - | - | |||||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | |||||||||||||||||||||||||||||||
Total | $ | 12,647 | $ | 90 | $ | 18,931 | $ | 130 | |||||||||||||||||||||||||||
Schedule Of Troubled Debt Restructurings [Table Text Block] | The following summarizes troubled debt restructurings: | ||||||||||||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||||||||||||
Outstanding Recorded Investment | Outstanding Recorded Investment | ||||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | Accruing | Nonaccrual | Total | ||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | 97 | $ | 97 | $ | - | $ | 104 | $ | 104 | |||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | 777 | 1,487 | 2,264 | 769 | 1,512 | 2,281 | |||||||||||||||||||||||||||||
Owner occupied | 1,565 | 888 | 2,453 | 1,586 | 907 | 2,493 | |||||||||||||||||||||||||||||
Nonowner occupied | 4,087 | 574 | 4,661 | 4,165 | 566 | 4,731 | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | 489 | 147 | 636 | 497 | 153 | 650 | |||||||||||||||||||||||||||||
Mortgage - Residential | 823 | 1,027 | 1,850 | 808 | 1,002 | 1,810 | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | 53 | 7 | 60 | 54 | 8 | 62 | |||||||||||||||||||||||||||||
Consumer and Other | 4 | 6 | 10 | 5 | 37 | 42 | |||||||||||||||||||||||||||||
Total | $ | 7,798 | $ | 4,233 | $ | 12,031 | $ | 7,884 | $ | 4,289 | $ | 12,173 | |||||||||||||||||||||||
Schedule Of Existing Loans That Were Restructured and Troubled Debt Restructuring [Table Text Block] | The following presents information regarding existing loans that were restructured, resulting in the loan being classified as a troubled debt restructuring: | ||||||||||||||||||||||||||||||||||
Loans Restructured in the Three Months | Loans Restructured in the Three Months | ||||||||||||||||||||||||||||||||||
Ended March 31, 2015 | Ended March 31, 2014 | ||||||||||||||||||||||||||||||||||
Pre-Â Modification | Post-Modification | Pre-Â Modification | Post-Modification | ||||||||||||||||||||||||||||||||
Number | Recorded | Recorded | Number | Recorded | Recorded | ||||||||||||||||||||||||||||||
of Loans | Investment | Investment | of Loans | Investment | Investment | ||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||
Commercial | - | $ | - | $ | - | - | $ | - | $ | - | |||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Owner occupied | - | - | - | 1 | 35 | 35 | |||||||||||||||||||||||||||||
Nonowner occupied | 1 | 27 | 27 | 1 | 212 | 212 | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Mortgage - Residential | 1 | 15 | 15 | - | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | 1 | 64 | 64 | - | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total | 3 | $ | 106 | $ | 106 | 2 | $ | 247 | $ | 247 | |||||||||||||||||||||||||
Schedule Of Concessions Granted By The Corporation To Borrowers [Table Text Block] | The following summarizes the nature of concessions granted by the Corporation to borrowers experiencing financial difficulties which resulted in troubled debt restructurings: | ||||||||||||||||||||||||||||||||||
Non-Market Interest Rate | |||||||||||||||||||||||||||||||||||
Extension of | and Extension of | ||||||||||||||||||||||||||||||||||
Non-Market Interest Rate | Amortization Period | Amortization Period | |||||||||||||||||||||||||||||||||
Pre-Modification | Pre-Modification | Pre-Modification | |||||||||||||||||||||||||||||||||
Number | Recorded | Number | Recorded | Number | Recorded | ||||||||||||||||||||||||||||||
of Loans | Investment | of Loans | Investment | of Loans | Investment | ||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||
Three months ended March 31, 2015 | |||||||||||||||||||||||||||||||||||
Commercial | - | $ | - | $ | - | - | $ | - | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Owner occupied | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Nonowner occupied | - | - | 1 | 27 | - | - | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Mortgage - Residential | - | - | 1 | 15 | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | 1 | 64 | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total | - | $ | - | 3 | $ | 106 | - | $ | - | ||||||||||||||||||||||||||
Three months ended March 31, 2014 | |||||||||||||||||||||||||||||||||||
Commercial | - | $ | - | $ | - | - | $ | - | |||||||||||||||||||||||||||
Commercial real estate: | |||||||||||||||||||||||||||||||||||
Construction, land development, and other land | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Owner occupied | - | - | 1 | 35 | - | - | |||||||||||||||||||||||||||||
Nonowner occupied | - | - | 1 | 212 | - | - | |||||||||||||||||||||||||||||
Consumer real estate: | |||||||||||||||||||||||||||||||||||
Commercial purpose | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Mortgage - Residential | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Home equity and home equity lines of credit | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Consumer and Other | - | - | - | - | - | - | |||||||||||||||||||||||||||||
Total | - | $ | - | 2 | $ | 247 | - | $ | - | ||||||||||||||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | |||||||||||||
Mar. 31, 2015 | ||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair value of assets measured on a recurring basis: | |||||||||||||
Quoted Prices in | Significant Other | Significant | ||||||||||||
Active Markets for | Observable | Unobservable | ||||||||||||
Identical Assets | Inputs | Inputs | ||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | |||||||||||
(in thousands) | ||||||||||||||
31-Mar-15 | ||||||||||||||
Mortgage-backed/CMO | $ | 113,960 | $ | - | $ | 112,843 | $ | 1,117 | ||||||
U.S. Agency | 10,459 | - | 10,459 | - | ||||||||||
Obligations of state and political subdivisions | 1,601 | - | 1,601 | - | ||||||||||
Preferred stock | 322 | - | 322 | - | ||||||||||
Total investment securities available for sale | $ | 126,342 | $ | - | $ | 125,225 | $ | 1,117 | ||||||
31-Dec-14 | ||||||||||||||
Mortgage-backed/CMO | $ | 107,137 | $ | - | $ | 105,942 | $ | 1,195 | ||||||
U.S. Agency | 23,130 | - | 23,130 | - | ||||||||||
Obligations of state and political subdivisions | 1,605 | - | 1,605 | - | ||||||||||
Preferred stock | 303 | - | 303 | - | ||||||||||
Total investment securities available for sale | $ | 132,175 | $ | - | $ | 130,980 | $ | 1,195 | ||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The reconciliation of the beginning and ending balances of the asset classified by the Corporation within Level 3 of the valuation hierarchy for the three months ended March 31, 2015 is as follows: | |||||||||||||
Fair Value Measurement | ||||||||||||||
Using Significant | ||||||||||||||
Unobservable Inputs | ||||||||||||||
(Level 3) | ||||||||||||||
Fair value of non-government agency CMO security, beginning of year(1) | $ | 1,195 | ||||||||||||
Total gains (losses) realized/unrealized: | ||||||||||||||
Included in earnings(2) | - | |||||||||||||
Included in other comprehensive income (2) | 1 | |||||||||||||
Purchases, issuances, and other settlements | -79 | |||||||||||||
Transfers into Level 3 | - | |||||||||||||
Fair value of non-government agency CMO security, March 31, 2015 | $ | 1,117 | ||||||||||||
Total amount of losses for the year included in earnings attributable to the | ||||||||||||||
change in unrealized losses relating to assets still held at March 31, 2015 | $ | - | ||||||||||||
-1 | Non-government agency CMO classified as available for sale is valued using internal valuation models and pricing information from third parties. | |||||||||||||
-2 | Realized gains (losses), including unrealized losses deemed other-than-temporary, are reported in noninterest income. Unrealized gains (losses) are reported in accumulated other comprehensive income (loss). | |||||||||||||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block] | Fair value of assets on a non-recurring basis: | |||||||||||||
Quoted Prices in | Significant Other | Significant | ||||||||||||
Active Markets for | Observable | Unobservable | ||||||||||||
Identical Assets | Inputs | Inputs | ||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | |||||||||||
(in thousands) | ||||||||||||||
31-Mar-15 | ||||||||||||||
Impaired loans (1) | $ | 10,544 | $ | - | $ | - | $ | 10,544 | ||||||
Other real estate owned | $ | 1,052 | $ | - | $ | - | $ | 1,052 | ||||||
31-Dec-14 | ||||||||||||||
Impaired loans (1) | $ | 10,885 | $ | - | $ | - | $ | 10,885 | ||||||
Other real estate owned | $ | 1,174 | $ | - | $ | - | $ | 1,174 | ||||||
-1 | Represents carrying value and related write-downs and specific reserves pertaining to collateral dependent loans for which adjustments are based on the appraised value of the collateral or by other unobservable inputs. | |||||||||||||
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Investments, All Other Investments [Abstract] | ||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | The fair value of commitments to extend credit, including letters of credit, is estimated to approximate their aggregate book balance and is not considered material and therefore not included in the following table. | |||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||
Level in Fair Value | Carrying | Fair | Carrying | Fair | ||||||||||||
Hierarchy | Value | Value | Value | Value | ||||||||||||
(in thousands) | ||||||||||||||||
Financial assets: | ||||||||||||||||
Cash and cash equivalents | Level 1 | $ | 32,853 | $ | 32,853 | $ | 26,138 | $ | 26,138 | |||||||
Short term investments | Level 2 | 198 | 198 | 198 | 198 | |||||||||||
Investment and mortgage-backed securities | Level 2 | 125,225 | 125,225 | 130,980 | 130,980 | |||||||||||
Non-government agency CMO security | Level 3 | 1,117 | 1,117 | 1,195 | 1,195 | |||||||||||
FHLBI and FRB stock | Level 2 | 1,140 | 1,140 | 1,140 | 1,140 | |||||||||||
Loans, net | Level 3 | 155,123 | 155,155 | 152,937 | 153,284 | |||||||||||
Accrued interest income | Level 2 | 710 | 710 | 683 | 683 | |||||||||||
Financial liabilities: | ||||||||||||||||
Deposits | Level 2 | 292,651 | 287,820 | 290,379 | 284,225 | |||||||||||
Accrued interest expense | Level 2 | 54 | 54 | 59 | 59 | |||||||||||
Net_Income_per_Common_Share_Ta
Net Income per Common Share (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Earnings Per Share [Abstract] | ||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The following presents basic and diluted net income per share: | |||||||
Three Months Ended March 31, | ||||||||
2015 | 2014 | |||||||
(dollars in thousands, except per share amounts) | ||||||||
Weighted average  basic and diluted common shares outstanding | 27,770,379 | 557,989 | ||||||
Weighted average common stock equivalent preferred shares outstanding, as converted | - | 25,014,285 | ||||||
Total weighted average basic and diluted shares outstanding | 27,770,379 | 25,572,274 | ||||||
Net income available to shareholders | $ | 133 | $ | 49 | ||||
Basic and diluted net income per share | $ | 0 | $ | 0 | ||||
Regulatory_Matters_and_Recover1
Regulatory Matters and Recovery Initiatives (Details Textual) (USD $) | 1 Months Ended | 3 Months Ended | 0 Months Ended | 1 Months Ended | ||||
Share data in Millions, unless otherwise specified | Mar. 27, 2014 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 11, 2013 | Dec. 20, 2013 | Sep. 24, 2009 | Oct. 31, 2013 |
Regulatory Matters and Going Concern [Line Items] | ||||||||
Amount Of Contributions To Capital | $550,000 | |||||||
Stock Issued During Period, Shares, New Issues | 2.3 | |||||||
Proceeds from Issuance of Common Stock | 1,600,000 | 0 | 1,490,000 | |||||
Private Placement [Member] | ||||||||
Regulatory Matters and Going Concern [Line Items] | ||||||||
Proceeds from Issuance of Private Placement | 17,500,000 | |||||||
Bank [Member] | ||||||||
Regulatory Matters and Going Concern [Line Items] | ||||||||
Net Proceeds From Transaction Invested In Capital of Bank | $15,400,000 | |||||||
Bank [Member] | OCC Consent Order [Member] | ||||||||
Regulatory Matters and Going Concern [Line Items] | ||||||||
Capital to Risk Weighted Assets | 11.00% | |||||||
Tier One Leverage Capital to Average Assets | 8.50% | |||||||
Bank [Member] | OCC Consent Order [Member] | Minimum [Member] | ||||||||
Regulatory Matters and Going Concern [Line Items] | ||||||||
Capital to Risk Weighted Assets | 11.00% | |||||||
Tier One Leverage Capital to Average Assets | 8.50% |
Securities_Details
Securities (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | ||
In Thousands, unless otherwise specified | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Amortized Cost | $126,153 | $132,232 | ||
Unrealized Gains | 854 | 710 | ||
Unrealized Losses | -665 | -767 | ||
Fair Value | 126,342 | 132,175 | ||
Mortgage-backed/CMO [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Amortized Cost | 114,124 | 107,489 | ||
Unrealized Gains | 501 | 409 | ||
Unrealized Losses | -665 | -761 | ||
Fair Value | 113,960 | 107,137 | ||
U.S. agency [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Amortized Cost | 10,395 | 23,108 | ||
Unrealized Gains | 64 | 28 | ||
Unrealized Losses | 0 | -6 | ||
Fair Value | 10,459 | 23,130 | ||
Obligations of state and political subdivisions [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Amortized Cost | 1,585 | 1,586 | ||
Unrealized Gains | 16 | 19 | ||
Unrealized Losses | 0 | 0 | ||
Fair Value | 1,601 | 1,605 | ||
Preferred stock [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Amortized Cost | 49 | [1] | 49 | [1] |
Unrealized Gains | 273 | [1] | 254 | [1] |
Unrealized Losses | 0 | [1] | 0 | [1] |
Fair Value | $322 | [1] | $303 | [1] |
[1] | Represents preferred stocks issued by Freddie Mac and Fannie Mae |
Securities_Details_1
Securities (Details 1) (Mortgage-backed/CMO [Member], USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Mortgage-backed/CMO [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Par value | $1,179 | $1,269 |
Book value | 1,050 | 1,129 |
Carrying value | 1,117 | 1,195 |
Unrealized loss | $0 | $0 |
Par value, Percentage | 100.00% | 100.00% |
Book value, Percentage | 89.06% | 88.97% |
Carrying value, Percentage | 94.74% | 94.17% |
Unrealized loss, Percentage | 0.00% | 0.00% |
Securities_Details_2
Securities (Details 2) | Mar. 31, 2015 | Dec. 31, 2014 |
California [Member] | ||
Investment Securities [Line Items] | ||
Primary Location Of Underlying Loans Classification Percentage | 68.00% | 69.00% |
Florida [Member] | ||
Investment Securities [Line Items] | ||
Primary Location Of Underlying Loans Classification Percentage | 4.00% | 4.00% |
Other [Member] | ||
Investment Securities [Line Items] | ||
Primary Location Of Underlying Loans Classification Percentage | 28.00% | 27.00% |
Mortgage-backed/CMO [Member] | ||
Investment Securities [Line Items] | ||
Weighted average remaining credit score (based on original FICO) | 737 | 737 |
Past due 30-59 days | 5.50% | 3.28% |
Past due 60-89 days | 0.00% | 0.88% |
Past due 90 days or more | 4.86% | 5.80% |
In process of foreclosure | 6.46% | 7.30% |
Held as other real estate owned | 0.64% | 0.89% |
Securities_Details_3
Securities (Details 3) | Mar. 31, 2015 | Dec. 31, 2014 | ||
Investment Securities [Line Items] | ||||
Voluntary repayment rate (CRR) | 15.43% | 15.97% | ||
Default rates: | ||||
Within next 24 months | 6.37% | 7.77% | ||
Decreasing to (by month 37) | 3.90% | 3.68% | ||
Decreasing to (by month 197 at March 2015 and by month 200 at December 2014) | 0.00% | 0.00% | ||
Loss severity rates: | ||||
Initial loss upon default (Year 1) | 45.48% | 47.20% | ||
Per annum decrease (Years 2 - 11) | 3.50% | 3.50% | ||
Floor (Year 12) | 23.00% | 23.00% | ||
Discount rate: | 5.50% | [1] | 5.50% | [1] |
Remaining credit support provided by other collateral pools of underlying loans within the security: | 0.03% | 0.04% | ||
[1] | Intended to reflect estimated uncertainty and liquidity premiums, after adjustment for estimated credit loss cash flows. |
Securities_Details_4
Securities (Details 4) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Unrealized losses, Less than 12 months | ($191) | |
Fair Value, Less than 12 months | 33,140 | |
Unrealized losses, 12 months or more | -576 | |
Fair Value, 12 months or more | 22,141 | |
Unrealized losses, Total | -767 | |
Fair Value, Total | 55,281 | |
Mortgage-backed/CMO [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Unrealized losses, Less than 12 months | -201 | -185 |
Fair Value, Less than 12 months | 19,057 | 28,453 |
Unrealized losses, 12 months or more | -464 | -576 |
Fair Value, 12 months or more | 21,273 | 22,141 |
Unrealized losses, Total | -665 | -761 |
Fair Value, Total | 40,330 | 50,594 |
Obligations of state and political subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Unrealized losses, Less than 12 months | -6 | |
Fair Value, Less than 12 months | 4,687 | |
Unrealized losses, 12 months or more | 0 | |
Fair Value, 12 months or more | 0 | |
Unrealized losses, Total | -6 | |
Fair Value, Total | $4,687 |
Securities_Details_5
Securities (Details 5) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Investment Securities [Line Items] | ||
Amortized Cost, Maturing within one year | $254 | $4,276 |
Amortized Cost, Maturing after one year but within five years | 9,200 | 17,587 |
Amortized Cost, Maturing after five years but within ten years | 2,000 | 2,305 |
Amortized Cost, Maturing after ten years | 575 | 575 |
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis | 12,029 | 24,743 |
Amortized Cost | 126,153 | 132,232 |
Fair Value, Maturing within one year | 254 | 4,278 |
Fair Value, Maturing after one year but within five years | 9,258 | 17,606 |
Fair Value, Maturing after five years but within ten years | 2,010 | 2,312 |
Fair Value, Maturing after ten years | 860 | 842 |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | 12,382 | 25,038 |
Investment securities available for sale, at fair value | 126,342 | 132,175 |
Mortgage-backed/CMO securities [Member] | ||
Investment Securities [Line Items] | ||
Amortized Cost | 114,124 | 107,489 |
Investment securities available for sale, at fair value | $113,960 | $107,137 |
Securities_Details_Textual
Securities (Details Textual) (USD $) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2015 | Dec. 31, 2010 | Dec. 31, 2014 | |
Investment Securities [Line Items] | |||
Deposit Liabilities, Collateral Issued, Financial Instruments | $51,100,000 | $53,000,000 | |
Stockholding Percentage | 10.00% | ||
Federal Home Loan Bank Stock | 18,300,000 | 617,000 | |
Federal Reserve Bank Stock | 19,700,000 | 523,000 | |
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Total | 290,000 | ||
Federal Home Loan Bank Of Indianapolis [Member] | |||
Investment Securities [Line Items] | |||
Deposit Liabilities, Collateral Issued, Financial Instruments | $18,300,000 | $19,700,000 | |
Stockholding Percentage | 5.00% |
Loans_Details
Loans (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Loans and Leases Receivable [Line Items] | ||
Commercial | $15,682 | $15,130 |
Commercial real estate: | ||
Construction, land development, and other land | 4,612 | 5,050 |
Owner occupied | 43,728 | 47,434 |
Nonowner occupied | 59,624 | 59,440 |
Consumer real estate: | ||
Commercial purpose | 5,335 | 5,463 |
Mortgage - Residential | 16,137 | 11,631 |
Home equity and home equity lines of credit | 10,311 | 9,613 |
Consumer and Other | 7,006 | 6,444 |
Subtotal | 162,435 | 160,205 |
Unearned income | -150 | -159 |
Total Loans | $162,285 | $160,046 |
Loans_Details_Textual
Loans (Details Textual) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Loans and Leases Receivable [Line Items] | ||
Demand Deposit Overdrafts | $46,000 | $59,000 |
Loans and Leases Receivable, Gross, Other | $1,500,000 |
Allowance_for_Loan_Losses_and_2
Allowance for Loan Losses and Credit Quality of Loans (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Allowance for loan losses: | ||
Beginning balance | $7,109 | $9,214 |
Charge offs | -45 | -86 |
Recoveries | 98 | 111 |
Provision | 0 | 0 |
Ending balance | 7,162 | 9,239 |
Commercial [Member] | ||
Allowance for loan losses: | ||
Beginning balance | 415 | 633 |
Charge offs | -15 | -1 |
Recoveries | 33 | 57 |
Provision | 80 | -67 |
Ending balance | 513 | 622 |
Commercial Real Estate [Member] | ||
Allowance for loan losses: | ||
Beginning balance | 5,371 | 7,180 |
Charge offs | 0 | -41 |
Recoveries | 23 | 9 |
Provision | -498 | 81 |
Ending balance | 4,896 | 7,229 |
Consumer Real Estate [Member] | ||
Allowance for loan losses: | ||
Beginning balance | 1,084 | 1,215 |
Charge offs | 0 | -23 |
Recoveries | 25 | 17 |
Provision | 271 | -25 |
Ending balance | 1,380 | 1,184 |
Consumer and Other [Member] | ||
Allowance for loan losses: | ||
Beginning balance | 239 | 186 |
Charge offs | -30 | -21 |
Recoveries | 17 | 28 |
Provision | 147 | 11 |
Ending balance | $373 | $204 |
Allowance_for_Loan_Losses_and_3
Allowance for Loan Losses and Credit Quality of Loans (Details 1) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Allowance for loan losses: | ||||
Individually evaluated for impairment | $1,657 | $1,687 | ||
Collectively evaluated for impairment | 5,505 | 5,422 | ||
Total allowance for loan losses | 7,162 | 7,109 | 9,239 | 9,214 |
Recorded investment in loans: | ||||
Individually evaluated for impairment | 12,201 | 12,572 | ||
Collectively evaluated for impairment | 150,234 | 147,633 | ||
Total recorded investment in loans | 162,435 | 160,205 | ||
Commercial Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Individually evaluated for impairment | 0 | 1 | ||
Collectively evaluated for impairment | 513 | 414 | ||
Total allowance for loan losses | 513 | 415 | 622 | 633 |
Recorded investment in loans: | ||||
Individually evaluated for impairment | 193 | 233 | ||
Collectively evaluated for impairment | 15,489 | 14,897 | ||
Total recorded investment in loans | 15,682 | 15,130 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Individually evaluated for impairment | 1,657 | 1,681 | ||
Collectively evaluated for impairment | 3,239 | 3,690 | ||
Total allowance for loan losses | 4,896 | 5,371 | 7,229 | 7,180 |
Recorded investment in loans: | ||||
Individually evaluated for impairment | 11,262 | 11,324 | ||
Collectively evaluated for impairment | 96,702 | 100,600 | ||
Total recorded investment in loans | 107,964 | 111,924 | ||
Consumer Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Individually evaluated for impairment | 0 | 5 | ||
Collectively evaluated for impairment | 1,380 | 1,079 | ||
Total allowance for loan losses | 1,380 | 1,084 | 1,184 | 1,215 |
Recorded investment in loans: | ||||
Individually evaluated for impairment | 746 | 1,015 | ||
Collectively evaluated for impairment | 31,037 | 25,692 | ||
Total recorded investment in loans | 31,783 | 26,707 | ||
Consumer and Other Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Individually evaluated for impairment | 0 | 0 | ||
Collectively evaluated for impairment | 373 | 239 | ||
Total allowance for loan losses | 373 | 239 | 204 | 186 |
Recorded investment in loans: | ||||
Individually evaluated for impairment | 0 | 0 | ||
Collectively evaluated for impairment | 7,006 | 6,444 | ||
Total recorded investment in loans | $7,006 | $6,444 |
Allowance_for_Loan_Losses_and_4
Allowance for Loan Losses and Credit Quality of Loans (Details 2) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Commercial | $15,682 | $15,130 |
Construction, land development, and other land | 4,612 | 5,050 |
Owner occupied | 43,728 | 47,434 |
Nonowner occupied | 59,624 | 59,440 |
Commercial Purpose | 5,335 | 5,463 |
Mortgage - Residential | 16,137 | 11,631 |
Home equity and home equity lines of credit | 10,311 | 9,613 |
Consumer and Other | 7,006 | 6,444 |
Total | 162,435 | 160,205 |
Credit Risk Grade Not Rated [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Commercial | 0 | 0 |
Construction, land development, and other land | 0 | 0 |
Owner occupied | 0 | 0 |
Nonowner occupied | 0 | 0 |
Commercial Purpose | 0 | 0 |
Mortgage - Residential | 9,375 | 4,589 |
Home equity and home equity lines of credit | 9,061 | 8,314 |
Consumer and Other | 6,588 | 6,038 |
Total | 25,024 | 18,941 |
Credit Risk Grade I [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Commercial | 295 | 239 |
Construction, land development, and other land | 0 | 0 |
Owner occupied | 0 | 0 |
Nonowner occupied | 0 | 0 |
Commercial Purpose | 0 | 0 |
Mortgage - Residential | 0 | 0 |
Home equity and home equity lines of credit | 0 | 0 |
Consumer and Other | 0 | 0 |
Total | 295 | 239 |
Credit Risk Grade II [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Commercial | 43 | 44 |
Construction, land development, and other land | 0 | 0 |
Owner occupied | 374 | 415 |
Nonowner occupied | 323 | 337 |
Commercial Purpose | 0 | 0 |
Mortgage - Residential | 0 | 0 |
Home equity and home equity lines of credit | 0 | 0 |
Consumer and Other | 0 | 0 |
Total | 740 | 796 |
Credit Risk Grade III [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Commercial | 4,170 | 3,294 |
Construction, land development, and other land | 0 | 0 |
Owner occupied | 2,401 | 4,949 |
Nonowner occupied | 3,842 | 4,035 |
Commercial Purpose | 54 | 55 |
Mortgage - Residential | 0 | 0 |
Home equity and home equity lines of credit | 0 | 0 |
Consumer and Other | 0 | 0 |
Total | 10,467 | 12,333 |
Credit Risk Grade IV [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Commercial | 4,842 | 4,959 |
Construction, land development, and other land | 715 | 1,072 |
Owner occupied | 22,543 | 23,632 |
Nonowner occupied | 21,097 | 20,287 |
Commercial Purpose | 962 | 1,172 |
Mortgage - Residential | 0 | 0 |
Home equity and home equity lines of credit | 0 | 0 |
Consumer and Other | 1 | 0 |
Total | 50,160 | 51,122 |
Credit Risk Grade V [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Commercial | 5,915 | 6,139 |
Construction, land development, and other land | 1,760 | 1,796 |
Owner occupied | 15,937 | 15,906 |
Nonowner occupied | 27,477 | 27,741 |
Commercial Purpose | 2,849 | 2,575 |
Mortgage - Residential | 4,391 | 4,381 |
Home equity and home equity lines of credit | 947 | 986 |
Consumer and Other | 318 | 285 |
Total | 59,594 | 59,809 |
Credit Risk Grade VI [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Commercial | 180 | 194 |
Construction, land development, and other land | 366 | 377 |
Owner occupied | 491 | 496 |
Nonowner occupied | 4,631 | 4,685 |
Commercial Purpose | 649 | 654 |
Mortgage - Residential | 0 | 0 |
Home equity and home equity lines of credit | 0 | 0 |
Consumer and Other | 97 | 0 |
Total | 6,414 | 6,406 |
Credit Risk Grade VII [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Commercial | 237 | 261 |
Construction, land development, and other land | 342 | 366 |
Owner occupied | 1,982 | 2,036 |
Nonowner occupied | 2,254 | 2,355 |
Commercial Purpose | 821 | 1,007 |
Mortgage - Residential | 2,371 | 2,661 |
Home equity and home equity lines of credit | 303 | 313 |
Consumer and Other | 2 | 121 |
Total | 8,312 | 9,120 |
Credit Risk Grade VIII [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Commercial | 0 | 0 |
Construction, land development, and other land | 1,429 | 1,439 |
Owner occupied | 0 | 0 |
Nonowner occupied | 0 | 0 |
Commercial Purpose | 0 | 0 |
Mortgage - Residential | 0 | 0 |
Home equity and home equity lines of credit | 0 | 0 |
Consumer and Other | 0 | 0 |
Total | 1,429 | 1,439 |
Non Performing Loans [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Commercial | 220 | 233 |
Construction, land development, and other land | 1,682 | 1,740 |
Owner occupied | 1,303 | 965 |
Nonowner occupied | 2,173 | 2,148 |
Commercial Purpose | 338 | 517 |
Mortgage - Residential | 2,251 | 2,497 |
Home equity and home equity lines of credit | 303 | 137 |
Consumer and Other | 79 | 71 |
Total | $8,349 | $8,308 |
Allowance_for_Loan_Losses_and_5
Allowance for Loan Losses and Credit Quality of Loans (Details 3) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | $3,211 | $1,101 |
60-89 Days Past Due | 755 | 744 |
90+ Days Past Due | 578 | 726 |
Total Past Due | 4,544 | 2,571 |
Current | 157,891 | 157,634 |
Total | 162,435 | 160,205 |
90+Days Past Due and Accruing | 88 | 4 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 0 | 0 |
60-89 Days Past Due | 92 | 0 |
90+ Days Past Due | 0 | 0 |
Total Past Due | 92 | 0 |
Current | 15,590 | 15,130 |
Total | 15,682 | 15,130 |
90+Days Past Due and Accruing | 0 | 0 |
Construction, land development, and other land [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 1,476 | 0 |
60-89 Days Past Due | 0 | 105 |
90+ Days Past Due | 138 | 43 |
Total Past Due | 1,614 | 148 |
Current | 2,998 | 4,902 |
Total | 4,612 | 5,050 |
90+Days Past Due and Accruing | 0 | 0 |
Owner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 171 | 24 |
60-89 Days Past Due | 0 | 0 |
90+ Days Past Due | 31 | 20 |
Total Past Due | 202 | 44 |
Current | 43,526 | 47,390 |
Total | 43,728 | 47,434 |
90+Days Past Due and Accruing | 0 | 0 |
Nonowner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 264 | 174 |
60-89 Days Past Due | 0 | 0 |
90+ Days Past Due | 204 | 97 |
Total Past Due | 468 | 271 |
Current | 59,156 | 59,169 |
Total | 59,624 | 59,440 |
90+Days Past Due and Accruing | 88 | 0 |
Commercial purpose [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 0 | 0 |
60-89 Days Past Due | 0 | 112 |
90+ Days Past Due | 140 | 191 |
Total Past Due | 140 | 303 |
Current | 5,195 | 5,160 |
Total | 5,335 | 5,463 |
90+Days Past Due and Accruing | 0 | 0 |
Mortgage - Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 1,245 | 868 |
60-89 Days Past Due | 659 | 521 |
90+ Days Past Due | 10 | 375 |
Total Past Due | 1,914 | 1,764 |
Current | 14,223 | 9,867 |
Total | 16,137 | 11,631 |
90+Days Past Due and Accruing | 0 | 4 |
Home equity and home equity lines of credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 0 | 2 |
60-89 Days Past Due | 0 | 0 |
90+ Days Past Due | 45 | 0 |
Total Past Due | 45 | 2 |
Current | 10,266 | 9,611 |
Total | 10,311 | 9,613 |
90+Days Past Due and Accruing | 0 | 0 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 55 | 33 |
60-89 Days Past Due | 4 | 6 |
90+ Days Past Due | 10 | 0 |
Total Past Due | 69 | 39 |
Current | 6,937 | 6,405 |
Total | 7,006 | 6,444 |
90+Days Past Due and Accruing | $0 | $0 |
Allowance_for_Loan_Losses_and_6
Allowance for Loan Losses and Credit Quality of Loans (Details 4) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment Non Accrual | $8,261 | $8,308 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment Non Accrual | 220 | 233 |
Construction, land development, and other land [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment Non Accrual | 1,682 | 1,692 |
Owner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment Non Accrual | 1,303 | 965 |
Nonowner occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment Non Accrual | 2,085 | 2,148 |
Commercial purpose [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment Non Accrual | 338 | 517 |
Mortgage - Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment Non Accrual | 2,251 | 2,497 |
Home equity and home equity lines of credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment Non Accrual | 303 | 137 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment Non Accrual | $79 | $119 |
Allowance_for_Loan_Losses_and_7
Allowance for Loan Losses and Credit Quality of Loans (Details 5) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Loans Receivable With Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | $3,206 | $3,547 |
Unpaid Principal Balance | 5,455 | 6,130 |
Valuation Allowance | 1,657 | 1,687 |
Loans Receivable With No Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 8,995 | 9,025 |
Unpaid Principal Balance | 9,942 | 9,962 |
Valuation Allowance | 0 | 0 |
Impired Loans [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 12,201 | 12,572 |
Unpaid Principal Balance | 15,397 | 16,092 |
Valuation Allowance | 1,657 | 1,687 |
Commercial [Member] | Loans Receivable With Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 30 |
Unpaid Principal Balance | 0 | 32 |
Valuation Allowance | 0 | 1 |
Commercial [Member] | Loans Receivable With No Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 193 | 203 |
Unpaid Principal Balance | 201 | 209 |
Valuation Allowance | 0 | 0 |
Commercial [Member] | Impired Loans [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 193 | 233 |
Unpaid Principal Balance | 201 | 241 |
Valuation Allowance | 0 | 1 |
Construction, land development, and other land [Member] | Loans Receivable With Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 2,090 | 2,144 |
Unpaid Principal Balance | 4,339 | 4,411 |
Valuation Allowance | 1,554 | 1,567 |
Construction, land development, and other land [Member] | Loans Receivable With No Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 192 | 317 |
Unpaid Principal Balance | 312 | 451 |
Valuation Allowance | 0 | 0 |
Construction, land development, and other land [Member] | Impired Loans [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 2,282 | 2,461 |
Unpaid Principal Balance | 4,651 | 4,862 |
Valuation Allowance | 1,554 | 1,567 |
Owner occupied [Member] | Loans Receivable With Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 1,116 | 1,182 |
Unpaid Principal Balance | 1,116 | 1,483 |
Valuation Allowance | 103 | 111 |
Owner occupied [Member] | Loans Receivable With No Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 1,861 | 1,368 |
Unpaid Principal Balance | 2,111 | 1,605 |
Valuation Allowance | 0 | 0 |
Owner occupied [Member] | Impired Loans [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 2,977 | 2,550 |
Unpaid Principal Balance | 3,227 | 3,088 |
Valuation Allowance | 103 | 111 |
Nonowner occupied [Member] | Loans Receivable With Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 97 |
Unpaid Principal Balance | 0 | 104 |
Valuation Allowance | 0 | 4 |
Nonowner occupied [Member] | Loans Receivable With No Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 6,003 | 6,216 |
Unpaid Principal Balance | 6,471 | 6,673 |
Valuation Allowance | 0 | 0 |
Nonowner occupied [Member] | Impired Loans [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 6,003 | 6,313 |
Unpaid Principal Balance | 6,471 | 6,777 |
Valuation Allowance | 0 | 4 |
Commercial purpose [Member] | Loans Receivable With Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 94 |
Unpaid Principal Balance | 0 | 100 |
Valuation Allowance | 0 | 4 |
Commercial purpose [Member] | Loans Receivable With No Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 746 | 921 |
Unpaid Principal Balance | 847 | 1,024 |
Valuation Allowance | 0 | 0 |
Commercial purpose [Member] | Impired Loans [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 746 | 1,015 |
Unpaid Principal Balance | 847 | 1,124 |
Valuation Allowance | 0 | 4 |
Mortgage - Residential [Member] | Loans Receivable With Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Mortgage - Residential [Member] | Loans Receivable With No Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Mortgage - Residential [Member] | Impired Loans [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Home equity and home equity lines of credit [Member] | Loans Receivable With Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Home equity and home equity lines of credit [Member] | Loans Receivable With No Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Home equity and home equity lines of credit [Member] | Impired Loans [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Consumer and Other [Member] | Loans Receivable With Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Consumer and Other [Member] | Loans Receivable With No Specific Allowance [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Consumer and Other [Member] | Impired Loans [Member] | ||
Allowance for Loan Losses and Credit Quality of Loans [Line Items] | ||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | $0 | $0 |
Allowance_for_Loan_Losses_and_8
Allowance for Loan Losses and Credit Quality of Loans (Details 6) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Average Of Impaired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Outstanding Recorded Investment | $12,647 | $18,931 |
Interest Income Recognized Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Interest Income Recognized | 90 | 130 |
Commercial Loan [Member] | Average Of Impaired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Outstanding Recorded Investment | 228 | 373 |
Commercial Loan [Member] | Interest Income Recognized Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Interest Income Recognized | 0 | 2 |
Construction, land development, and other land [Member] | Average Of Impaired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Outstanding Recorded Investment | 2,454 | 2,696 |
Construction, land development, and other land [Member] | Interest Income Recognized Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Interest Income Recognized | 9 | 10 |
Owner occupied [Member] | Average Of Impaired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Outstanding Recorded Investment | 2,896 | 6,037 |
Owner occupied [Member] | Interest Income Recognized Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Interest Income Recognized | 22 | 48 |
Nonowner occupied [Member] | Average Of Impaired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Outstanding Recorded Investment | 6,226 | 8,017 |
Nonowner occupied [Member] | Interest Income Recognized Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Interest Income Recognized | 52 | 59 |
Commercial purpose [Member] | Average Of Impaired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Outstanding Recorded Investment | 733 | 1,808 |
Commercial purpose [Member] | Interest Income Recognized Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Interest Income Recognized | 7 | 11 |
Mortgage - Residential [Member] | Average Of Impaired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Outstanding Recorded Investment | 0 | 0 |
Mortgage - Residential [Member] | Interest Income Recognized Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Interest Income Recognized | 0 | 0 |
Home equity and home equity lines of credit [Member] | Average Of Impaired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Outstanding Recorded Investment | 110 | 0 |
Home equity and home equity lines of credit [Member] | Interest Income Recognized Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Interest Income Recognized | 0 | 0 |
Consumer and Other [Member] | Average Of Impaired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Outstanding Recorded Investment | 0 | 0 |
Consumer and Other [Member] | Interest Income Recognized Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Interest Income Recognized | $0 | $0 |
Allowance_for_Loan_Losses_and_9
Allowance for Loan Losses and Credit Quality of Loans (Details 7) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding Recorded Investment, Accruing | $7,798 | $7,884 |
Outstanding Recorded Investment, Nonaccrual | 4,233 | 4,289 |
Outstanding Recorded Investment, Total | 12,031 | 12,173 |
Commercial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding Recorded Investment, Accruing | 0 | 0 |
Outstanding Recorded Investment, Nonaccrual | 97 | 104 |
Outstanding Recorded Investment, Total | 97 | 104 |
Construction, land development, and other land [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding Recorded Investment, Accruing | 777 | 769 |
Outstanding Recorded Investment, Nonaccrual | 1,487 | 1,512 |
Outstanding Recorded Investment, Total | 2,264 | 2,281 |
Owner occupied [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding Recorded Investment, Accruing | 1,565 | 1,586 |
Outstanding Recorded Investment, Nonaccrual | 888 | 907 |
Outstanding Recorded Investment, Total | 2,453 | 2,493 |
Nonowner occupied [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding Recorded Investment, Accruing | 4,087 | 4,165 |
Outstanding Recorded Investment, Nonaccrual | 574 | 566 |
Outstanding Recorded Investment, Total | 4,661 | 4,731 |
Commercial purpose [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding Recorded Investment, Accruing | 489 | 497 |
Outstanding Recorded Investment, Nonaccrual | 147 | 153 |
Outstanding Recorded Investment, Total | 636 | 650 |
Mortgage - Residential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding Recorded Investment, Accruing | 823 | 808 |
Outstanding Recorded Investment, Nonaccrual | 1,027 | 1,002 |
Outstanding Recorded Investment, Total | 1,850 | 1,810 |
Home equity and home equity lines of credit [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding Recorded Investment, Accruing | 53 | 54 |
Outstanding Recorded Investment, Nonaccrual | 7 | 8 |
Outstanding Recorded Investment, Total | 60 | 62 |
Consumer and Other [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding Recorded Investment, Accruing | 4 | 5 |
Outstanding Recorded Investment, Nonaccrual | 6 | 37 |
Outstanding Recorded Investment, Total | $10 | $42 |
Recovered_Sheet1
Allowance for Loan Losses and Credit Quality of Loans (Details 8) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Number | Number | |
Financing Receivable, Modifications [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 3 | 2 |
Loan Receivable Modifications Pre Modification Recorded Investment | $106 | $247 |
Loan Receivable Modifications Post Modification Recorded Investment | 106 | 247 |
Commercial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Loan Receivable Modifications Post Modification Recorded Investment | 0 | 0 |
Construction, land development, and other land [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Loan Receivable Modifications Post Modification Recorded Investment | 0 | 0 |
Owner occupied [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 1 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 35 |
Loan Receivable Modifications Post Modification Recorded Investment | 0 | 35 |
Nonowner occupied [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 1 | 1 |
Loan Receivable Modifications Pre Modification Recorded Investment | 27 | 212 |
Loan Receivable Modifications Post Modification Recorded Investment | 27 | 212 |
Commercial purpose [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Loan Receivable Modifications Post Modification Recorded Investment | 0 | 0 |
Mortgage - Residential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 1 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 15 | 0 |
Loan Receivable Modifications Post Modification Recorded Investment | 15 | 0 |
Home equity and home equity lines of credit [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 1 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 64 | 0 |
Loan Receivable Modifications Post Modification Recorded Investment | 64 | 0 |
Consumer and Other [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Loan Receivable Modifications Post Modification Recorded Investment | $0 | $0 |
Recovered_Sheet2
Allowance for Loan Losses and Credit Quality of Loans (Details 9) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Number | Number | |
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 3 | 2 |
Loan Receivable Modifications Pre Modification Recorded Investment | $106 | $247 |
Non-Market Interest Rate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 106 | 247 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Non-Market Interest Rate And Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 3 | 2 |
Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Commercial [Member] | Non-Market Interest Rate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Commercial [Member] | Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Commercial [Member] | Non-Market Interest Rate And Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Construction, land development, and other land [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Construction, land development, and other land [Member] | Non-Market Interest Rate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Construction, land development, and other land [Member] | Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Construction, land development, and other land [Member] | Non-Market Interest Rate And Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Owner occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 1 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 35 |
Owner occupied [Member] | Non-Market Interest Rate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Owner occupied [Member] | Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 35 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Owner occupied [Member] | Non-Market Interest Rate And Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 1 |
Nonowner occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 1 | 1 |
Loan Receivable Modifications Pre Modification Recorded Investment | 27 | 212 |
Nonowner occupied [Member] | Non-Market Interest Rate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Nonowner occupied [Member] | Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 27 | 212 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Nonowner occupied [Member] | Non-Market Interest Rate And Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 1 | 1 |
Commercial purpose [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Commercial purpose [Member] | Non-Market Interest Rate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Commercial purpose [Member] | Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Commercial purpose [Member] | Non-Market Interest Rate And Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Mortgage - Residential [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 1 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 15 | 0 |
Mortgage - Residential [Member] | Non-Market Interest Rate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Mortgage - Residential [Member] | Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 15 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Mortgage - Residential [Member] | Non-Market Interest Rate And Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 1 | 0 |
Home equity and home equity lines of credit [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 1 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 64 | 0 |
Home equity and home equity lines of credit [Member] | Non-Market Interest Rate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Home equity and home equity lines of credit [Member] | Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 64 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Home equity and home equity lines of credit [Member] | Non-Market Interest Rate And Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 1 | 0 |
Consumer and Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Consumer and Other [Member] | Non-Market Interest Rate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Consumer and Other [Member] | Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | 0 | 0 |
Consumer and Other [Member] | Non-Market Interest Rate And Extension Of Amortization Period [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loan Receivable Modifications Number Of Contracts | 0 | 0 |
Loan Receivable Modifications Pre Modification Recorded Investment | $0 | $0 |
Recovered_Sheet3
Allowance for Loan Losses and Credit Quality of Loans (Details Textual) (USD $) | 3 Months Ended |
Mar. 31, 2015 | |
Financing Receivable, Recorded Investment [Line Items] | |
Impairment Evaluation Condition | Those loans graded 7 and higher are considered substandard and are individually evaluated for impairment if reported as nonaccrual and are greater than $100,000 or part of an aggregate relationship exceeding $100,000. |
TDR Loans Recorded Investment | $66,000 |
Pass [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Financing Receivable, Credit Quality, Additional Information | Grades 1 through 5 |
Watch [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Financing Receivable, Credit Quality, Additional Information | grade 6 |
Substandard [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Financing Receivable, Credit Quality, Additional Information | graded 7 |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | ||
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | $126,342 | $132,175 | ||
Fair Value, Inputs, Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 125,225 | 130,980 | ||
Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 1,117 | 1,195 | ||
Mortgage-backed/CMO [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 113,960 | 107,137 | ||
Mortgage-backed/CMO [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 0 | 0 | ||
Mortgage-backed/CMO [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 112,843 | 105,942 | ||
Mortgage-backed/CMO [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 1,117 | 1,195 | ||
U.S. agency [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 10,459 | 23,130 | ||
U.S. agency [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 0 | 0 | ||
U.S. agency [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 10,459 | 23,130 | ||
U.S. agency [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 0 | 0 | ||
Obligations of state and political subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 1,601 | 1,605 | ||
Obligations of state and political subdivisions [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 0 | 0 | ||
Obligations of state and political subdivisions [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 1,601 | 1,605 | ||
Obligations of state and political subdivisions [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 0 | 0 | ||
Preferred stock [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 322 | [1] | 303 | [1] |
Preferred stock [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 0 | 0 | ||
Preferred stock [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | 322 | 303 | ||
Preferred stock [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Total investment securities available for sale | $0 | $0 | ||
[1] | Represents preferred stocks issued by Freddie Mac and Fannie Mae |
Fair_Value_Measurements_Detail1
Fair Value Measurements (Details 1) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Fair value of non-government agency CMO security, beginning of year | $1,195 | [1] |
Total gains (losses) realized/unrealized: | ||
Included in earnings | 0 | [2] |
Included in other comprehensive income | 1 | [2] |
Purchases, issuances, and other settlements | -79 | |
Transfers into Level 3 | 0 | |
Fair value of non-government agency CMO security, March 31, 2015 | 1,117 | |
Total amount of losses for the year included in earnings attributable to the change in unrealized losses relating to assets still held at March 31, 2015 | $0 | |
[1] | Non-government agency CMO classified as available for sale is valued using internal valuation models and pricing information from third parties. | |
[2] | Realized gains (losses), including unrealized losses deemed other-than-temporary, are reported in noninterest income. Unrealized gains (losses) are reported in accumulated other comprehensive income (loss). |
Fair_Value_Measurements_Detail2
Fair Value Measurements (Details 2) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | ||
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | $126,342 | $132,175 | ||
Impaired Loans [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | 10,544 | [1] | 10,885 | [1] |
Other Real Estate Owned [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | 1,052 | 1,174 | ||
Fair Value, Inputs, Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | 0 | [1] | 0 | [1] |
Fair Value, Inputs, Level 1 [Member] | Other Real Estate Owned [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | 125,225 | 130,980 | ||
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | 0 | [1] | 0 | [1] |
Fair Value, Inputs, Level 2 [Member] | Other Real Estate Owned [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | 1,117 | 1,195 | ||
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | 10,544 | [1] | 10,885 | [1] |
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment securities available for sale, at fair value | $1,052 | $1,174 | ||
[1] | Represents carrying value and related write-downs and specific reserves pertaining to collateral dependent loans for which adjustments are based on the appraised value of the collateral or by other unobservable inputs. |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Financial assets: | ||||
Cash and cash equivalents | $33,051 | $26,336 | $46,574 | $78,025 |
Short term investments | 198 | 198 | ||
FHLBI and FRB stock | 1,140 | 1,140 | ||
Loans, net | 155,123 | 152,937 | ||
Financial liabilities: | ||||
Accrued interest expense | 1,478 | 1,303 | ||
Reported Carrying Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 32,853 | 26,138 | ||
Reported Carrying Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Financial assets: | ||||
Short term investments | 198 | 198 | ||
Investment and mortgage-backed securities | 125,225 | 130,980 | ||
FHLBI and FRB stock | 1,140 | 1,140 | ||
Accured interest income | 710 | 683 | ||
Financial liabilities: | ||||
Deposits | 292,651 | 290,379 | ||
Accrued interest expense | 54 | 59 | ||
Reported Carrying Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial assets: | ||||
Non-government agency CMO security | 1,117 | 1,195 | ||
Loans, net | 155,123 | 152,937 | ||
Reported Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 32,853 | 26,138 | ||
Reported Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Financial assets: | ||||
Short term investments | 198 | 198 | ||
Investment and mortgage-backed securities | 125,225 | 130,980 | ||
FHLBI and FRB stock | 1,140 | 1,140 | ||
Accured interest income | 710 | 683 | ||
Financial liabilities: | ||||
Deposits | 287,820 | 284,225 | ||
Accrued interest expense | 54 | 59 | ||
Reported Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial assets: | ||||
Non-government agency CMO security | 1,117 | 1,195 | ||
Loans, net | $155,155 | $153,284 |
Shareholders_Equity_Details_Te
Shareholders' Equity (Details Textual) (USD $) | 1 Months Ended | 3 Months Ended | 0 Months Ended | |||
22-May-14 | Mar. 27, 2014 | Mar. 31, 2014 | Dec. 11, 2013 | Mar. 31, 2015 | Dec. 31, 2014 | |
Common Stock, Shares Authorized | 40,000,000 | 40,000,000 | ||||
Preferred Stock Conversion Price Per Share | $0.70 | |||||
Stock Issued During Period, Shares, New Issues | 2,300,000 | |||||
Stock Issued During Period, Value, New Issues | $1,490,000 | |||||
Conversion of Stock, Shares Converted | 25,014,256 | |||||
Minimum [Member] | ||||||
Common Stock, Shares Authorized | 11,000,000 | |||||
Maximum [Member] | ||||||
Common Stock, Shares Authorized | 40,000,000 | |||||
Rights [Member] | ||||||
Proceeds From Issuance Of Equity Stock Net Offering Cost | 1,500,000 | |||||
Stock Issued During Period, Shares, New Issues | 2,300,000 | |||||
Stock Issued During Period, Value, New Issues | 1,600,000 | |||||
Series B Preferred Stock [Member] | ||||||
Preferred Stock, Shares Issued | 17,510 | 17,510 | 0 | 0 | ||
Proceeds from Issuance of Private Placement | 17,500,000 | |||||
Proceeds From Issuance Of Convertible Preferred Stock Net Offering Cost | $16,500,000 |
Net_Income_per_Common_Share_De
Net Income per Common Share (Details) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Weighted average basic and diluted common shares outstanding (in shares) | 27,770,379 | 557,989 |
Weighted average common stock equivalent preferred shares outstanding, as converted (in shares) | 0 | 25,014,285 |
Total weighted average basic and diluted shares outstanding (in shares) | 27,770,379 | 25,572,274 |
Net income available to shareholders | $133 | $49 |
Basic and diluted net income per share (in dollars per share) | $0 | $0 |
Net_Income_per_Common_Share_De1
Net Income per Common Share (Details Textual) (USD $) | 3 Months Ended |
Mar. 31, 2015 | |
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock | 17,510 |
Series B Preferred Stock [Member] | |
Sale of Stock, Price Per Share | 0.7 |
Income_Taxes_Details_Textual
Income Taxes (Details Textual) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Income Tax Contingency [Line Items] | ||
Current Income Tax Expense (Benefit) | $12,000 | $5,000 |