Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 29, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'FIRST CITIZENS BANC CORP /OH | ' |
Entity Central Index Key | '0000944745 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 7,707,917 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from financial institutions | $50,093 | $46,131 |
Securities available for sale | 200,356 | 203,961 |
Loans held for sale | 4,891 | 1,873 |
Loans, net of allowance of $17,297 and $19,742 | 802,274 | 795,811 |
Other securities | 15,433 | 15,567 |
Premises and equipment, net | 16,563 | 17,166 |
Accrued interest receivable | 4,540 | 3,709 |
Goodwill | 21,720 | 21,720 |
Other intangibles | 2,503 | 3,139 |
Bank owned life insurance | 19,013 | 18,590 |
Other assets | 10,401 | 9,304 |
Total assets | 1,147,787 | 1,136,971 |
Deposits | ' | ' |
Noninterest-bearing | 220,804 | 202,416 |
Interest-bearing | 721,654 | 723,973 |
Total deposits | 942,458 | 926,389 |
Federal Home Loan Bank advances | 37,735 | 40,261 |
Securities sold under agreements to repurchase | 20,810 | 23,219 |
Subordinated debentures | 29,427 | 29,427 |
Accrued expenses and other liabilities | 14,441 | 13,695 |
Total liabilities | 1,044,871 | 1,032,991 |
SHAREHOLDERS' EQUITY | ' | ' |
Preferred shares, no par value, 200,000 shares authorized, 23,184 shares issued | 23,184 | 23,184 |
Common shares, no par value, 20,000,000 shares authorized, 8,455,881 shares issued | 114,365 | 114,365 |
Accumulated deficit | -11,268 | -14,687 |
Treasury shares, 747,964 shares at cost | -17,235 | -17,235 |
Accumulated other comprehensive loss | -6,130 | -1,647 |
Total shareholders' equity | 102,916 | 103,980 |
Total liabilities and shareholders' equity | $1,147,787 | $1,136,971 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Allowance, loans | $17,297 | $19,742 |
Preferred shares, par value | ' | ' |
Preferred shares, shares authorized | 200,000 | 200,000 |
Preferred shares, shares issued | 23,184 | 23,184 |
Common shares, par value | ' | ' |
Common shares, shares authorized | 20,000,000 | 20,000,000 |
Common shares, shares issued | 8,455,881 | 8,455,881 |
Treasury shares, shares | 747,964 | 747,964 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Interest and dividend income | ' | ' | ' | ' |
Loans, including fees | $9,621 | $9,901 | $28,871 | $30,338 |
Taxable securities | 901 | 1,120 | 2,826 | 3,608 |
Tax-exempt securities | 579 | 490 | 1,637 | 1,376 |
Federal funds sold and other | 26 | 18 | 104 | 83 |
Total interest income | 11,127 | 11,529 | 33,438 | 35,405 |
Interest expense | ' | ' | ' | ' |
Deposits | 674 | 894 | 2,134 | 2,955 |
Federal Home Loan Bank advances | 339 | 394 | 1,029 | 1,181 |
Subordinated debentures | 192 | 208 | 575 | 635 |
Other | 5 | 5 | 16 | 15 |
Total interest expense | 1,210 | 1,501 | 3,754 | 4,786 |
Net interest income | 9,917 | 10,028 | 29,684 | 30,619 |
Provision for loan losses | 300 | 1,700 | 1,100 | 5,565 |
Net interest income after provision for loan losses | 9,617 | 8,328 | 28,584 | 25,054 |
Noninterest income | ' | ' | ' | ' |
Service charges | 1,088 | 1,108 | 3,120 | 3,243 |
Net gain on sale of securities | 80 | ' | 138 | 40 |
ATM fees | 523 | 440 | 1,494 | 1,323 |
Trust fees | 735 | 527 | 1,963 | 1,596 |
Bank owned life insurance | 132 | 151 | 423 | 476 |
Computer center data processing fees | 57 | 60 | 182 | 202 |
Other | 462 | 414 | 1,803 | 1,580 |
Total noninterest income | 3,077 | 2,700 | 9,123 | 8,460 |
Noninterest expense | ' | ' | ' | ' |
Salaries, wages and benefits | 5,753 | 5,207 | 16,839 | 15,603 |
Net occupancy expense | 522 | 543 | 1,685 | 1,614 |
Equipment expense | 291 | 293 | 859 | 897 |
Contracted data processing | 265 | 246 | 790 | 705 |
FDIC assessment | 233 | 212 | 779 | 714 |
State franchise tax | 319 | 252 | 883 | 756 |
Professional services | 869 | 676 | 2,303 | 2,080 |
Amortization of intangible assets | 212 | 232 | 636 | 742 |
ATM expense | 167 | 121 | 483 | 405 |
Marketing | 192 | 193 | 577 | 581 |
Other operating expenses | 1,922 | 1,239 | 5,463 | 4,775 |
Total noninterest expense | 10,745 | 9,214 | 31,297 | 28,872 |
Income before taxes | 1,949 | 1,814 | 6,410 | 4,642 |
Income tax expense | 383 | 430 | 1,274 | 1,029 |
Net Income | 1,566 | 1,384 | 5,136 | 3,613 |
Preferred stock dividends and discount accretion | 289 | 316 | 869 | 903 |
Net income available to common shareholders | $1,277 | $1,068 | $4,267 | $2,710 |
Earnings per common share, basic and diluted | $0.17 | $0.14 | $0.55 | $0.35 |
Wtd avg common shares, basic and diluted | 7,707,917 | 7,707,917 | 7,707,917 | 7,707,917 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $1,566 | $1,384 | $5,136 | $3,613 |
Other comprehensive income (loss): | ' | ' | ' | ' |
Unrealized holding gains (loss) on available for sale securities | -886 | 758 | -7,172 | 1,375 |
Tax effect of unrealized holdings gains (loss) on available for sale securities | 301 | -259 | 2,438 | -468 |
Reclassification adjustment for gain recognized in income | -80 | ' | -138 | -40 |
Tax effect of reclassification adjustment for gain recognized in income | 27 | ' | 47 | 14 |
Pension liability adjustment | 180 | 90 | 518 | 270 |
Tax effect of pension liability adjustment | -61 | -31 | -176 | -92 |
Total other comprehensive income (loss) | -519 | 558 | -4,483 | 1,059 |
Comprehensive income | $1,047 | $1,942 | $653 | $4,672 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statement of Shareholders' Equity (USD $) | Total | Preferred Shares [Member] | Common Shares [Member] | Accumulated Deficit [Member] | Treasury Shares [Member] | Accumulated Other Comprehensive Loss [Member] |
In Thousands, except Share data | ||||||
Balance at Dec. 31, 2012 | $103,980 | $23,184 | $114,365 | ($14,687) | ($17,235) | ($1,647) |
Balance, shares at Dec. 31, 2012 | ' | 23,184 | 7,707,917 | ' | ' | ' |
Net income | 5,136 | ' | ' | 5,136 | ' | ' |
Other comprehensive loss | -4,483 | ' | ' | ' | ' | -4,483 |
Cash dividends ($.11 per share) | -848 | ' | ' | -848 | ' | ' |
Preferred stock dividend | -869 | ' | ' | -869 | ' | ' |
Balance at Sep. 30, 2013 | $102,916 | $23,184 | $114,365 | ($11,268) | ($17,235) | ($6,130) |
Balance, shares at Sep. 30, 2013 | ' | 23,184 | 7,707,917 | ' | ' | ' |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statement of Shareholders' Equity (Parenthetical) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Cash dividends per share | $0.11 |
Accumulated Deficit [Member] | ' |
Cash dividends per share | $0.11 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statement of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Cash Flows [Abstract] | ' | ' |
Net cash from operating activities | $6,784 | $12,473 |
Cash flows used for investing activities | ' | ' |
Maturities and calls of securities, available-for-sale | 41,605 | 51,115 |
Purchases of securities, available-for-sale | -55,140 | -69,991 |
Sale of securities available for sale | 8,686 | 12,982 |
Redemption of FRB stock | 134 | ' |
Purchases of FRB stock | ' | -185 |
Net loan originations | -7,832 | -23,346 |
Proceeds from sale of OREO properties | 635 | 1,048 |
Proceeds from sale of premises and equipment | 130 | 5 |
Purchases of office premises and equipment | -457 | -702 |
Net cash used by investing activities | -12,239 | -29,074 |
Cash flows provided by financing activities | ' | ' |
Repayment of FHLB borrowings | -26 | -25 |
Maturity of long-term FHLB advances | -2,500 | -10,000 |
Net change in deposits | 16,069 | 13,991 |
Net change in securities sold under agreements to repurchase | -2,409 | 1,496 |
Repurchase common stock warrant from U. S. Treasury | ' | -564 |
Cash dividends paid on common shares and preferred shares | -1,717 | -1,563 |
Net cash provided by financing activities | 9,417 | 3,335 |
Net change in cash and due from financial institutions | 3,962 | -13,266 |
Cash and cash equivalents at beginning of period | 46,131 | 52,127 |
Cash and cash equivalents at end of period | 50,093 | 38,861 |
Cash paid during the period for: | ' | ' |
Interest | 3,780 | 4,812 |
Income taxes | 1,010 | ' |
Supplemental cash flow information: | ' | ' |
Transfer of loans from portfolio to OREO | 202 | 289 |
Transfer of loans from portfolio to Held For Sale | $4,756 | ' |
Consolidated_Financial_Stateme
Consolidated Financial Statements | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Consolidated Financial Statements | ' |
(1) Consolidated Financial Statements | |
Nature of Operations and Principles of Consolidation: The Consolidated Financial Statements include the accounts of First Citizens Banc Corp (FCBC) and its wholly-owned subsidiaries: The Citizens Banking Company (Citizens), First Citizens Insurance Agency, Inc., Water Street Properties, Inc. (Water St.) and FC Refund Solutions, Inc (FCRS). FCRS was formed to facilitate payment of individual state and federal income tax refunds. First Citizens Capital LLC (FCC) is wholly-owned by Citizens and holds inter-company debt. The operations of FCC are located in Wilmington, Delaware. First Citizens Investments, Inc. (FCI) is wholly-owned by Citizens and holds and manages Citizens’ securities portfolio. The operations of FCI are located in Wilmington, Delaware. The above companies together are referred to as the “Corporation.” Intercompany balances and transactions are eliminated in consolidation. | |
The consolidated financial statements have been prepared by the Corporation without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the Corporation’s financial position as of September 30, 2013 and its results of operations and changes in cash flows for the periods ended September 30, 2013 and 2012 have been made. The accompanying Consolidated Financial Statements have been prepared in accordance with instructions of Form 10-Q, and therefore certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America have been omitted. The results of operations for the period ended September 30, 2013 are not necessarily indicative of the operating results for the full year. Reference is made to the accounting policies of the Corporation described in the notes to the financial statements contained in the Corporation’s 2012 annual report. The Corporation has consistently followed these policies in preparing this Form 10-Q. | |
The Corporation provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Madison, Summit, Huron, Ottawa, and Richland. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from operations of businesses. There are no significant concentrations of loans to any one industry or customer. However, the customers’ ability to repay their loans is dependent on the real estate and general economic conditions in the area. Other financial instruments that potentially represent concentrations of credit risk include deposit accounts in other financial institutions and Federal Funds sold. First Citizens Insurance Agency, Inc. was formed to allow the Corporation to participate in commission revenue generated through its third party insurance agreement. Insurance commission revenue was less than 1.0% of total revenue through September 30, 2013. Water St. revenue was less than 1.0% of total revenue through September 30, 2013. Management considers the Corporation to operate primarily in one reportable segment, banking. |
Significant_Accounting_Policie
Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies | ' |
(2) Significant Accounting Policies | |
Use of Estimates: To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in financial statements and the disclosures provided, and future results could differ. The allowance for loan losses, impairment of goodwill, fair values of financial instruments, deferred taxes and pension obligations are particularly subject to change. | |
Income Taxes: Income tax expense is based on the effective tax rate expected to be applicable for the entire year. Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax basis of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. | |
Reclassifications: Some items in the prior year financial statements were reclassified to conform to the current presentation. | |
Effect of Newly Issued but Not Yet Effective Accounting Standards: | |
In February 2013, the FASB issued ASU 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date. The objective of the amendments in this Update is to provide guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. generally accepted accounting principles (GAAP). Examples of obligations within the scope of this Update include debt arrangements, other contractual obligations, and settled litigation and judicial rulings. U.S. GAAP does not include specific guidance on accounting for such obligations with joint and several liability, which has resulted in diversity in practice. Some entities record the entire amount under the joint and several liability arrangements on the basis of the concept of a liability and the guidance that must be met to extinguish a liability. Other entities record less than the total amount of the obligation, such as an amount allocated, an amount corresponding to the proceeds received, or the portion of the amount the entity agreed to pay among its co-obligors, on the basis of the guidance for contingent liabilities. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Adoption of this Update is not expected to have a significant impact on the Corporation’s financial statements. | |
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Management is currently investigating the potential impact of this Update to the Corporation’s financial statements. |
Securities
Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||
(3) Securities | |||||||||||||||||||||||||
The amortized cost and fair market value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 54,494 | $ | 120 | $ | (650 | ) | $ | 53,964 | ||||||||||||||||
Obligations of states and political subdivisions | 80,048 | 2,907 | (1,480 | ) | 81,475 | ||||||||||||||||||||
Mortgage-backed securities in government sponsored entities | 63,779 | 1,152 | (447 | ) | 64,484 | ||||||||||||||||||||
Total debt securities | 198,321 | 4,179 | (2,577 | ) | 199,923 | ||||||||||||||||||||
Equity securities in financial institutions | 481 | — | (48 | ) | 433 | ||||||||||||||||||||
Total | $ | 198,802 | $ | 4,179 | $ | (2,625 | ) | $ | 200,356 | ||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 53,919 | $ | 375 | $ | (8 | ) | $ | 54,286 | ||||||||||||||||
Obligations of states and political subdivisions | 72,884 | 6,946 | (24 | ) | 79,806 | ||||||||||||||||||||
Mortgage-backed securities in government sponsored entities | 67,814 | 1,854 | (233 | ) | 69,435 | ||||||||||||||||||||
Total debt securities | 194,617 | 9,175 | (265 | ) | 203,527 | ||||||||||||||||||||
Equity securities in financial institutions | 481 | — | (47 | ) | 434 | ||||||||||||||||||||
Total | $ | 195,098 | $ | 9,175 | $ | (312 | ) | $ | 203,961 | ||||||||||||||||
The fair value of securities at September 30, 2013, by contractual maturity, is shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Securities not due at a single maturity date, primarily mortgage-backed securities and equity securities, are shown separately. | |||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||
Due in one year or less | $ | 6,450 | $ | 6,478 | |||||||||||||||||||||
Due after one year through five years | 21,276 | 21,110 | |||||||||||||||||||||||
Due after five years through ten years | 32,826 | 33,144 | |||||||||||||||||||||||
Due after ten years | 73,990 | 74,707 | |||||||||||||||||||||||
Mortgage-backed securities | 63,779 | 64,484 | |||||||||||||||||||||||
Equity securities | 481 | 433 | |||||||||||||||||||||||
Total securities available for sale | $ | 198,802 | $ | 200,356 | |||||||||||||||||||||
Proceeds from sales of securities, gross realized gains and gross realized losses were as follows. | |||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Sale proceeds | $ | 927 | $ | — | $ | 8,686 | $ | 12,982 | |||||||||||||||||
Gross realized gains | — | — | 144 | 99 | |||||||||||||||||||||
Gross realized losses | — | — | 89 | 59 | |||||||||||||||||||||
Gains from securities called or settled by the issuer | 80 | — | 83 | — | |||||||||||||||||||||
Securities were pledged to secure public deposits, other deposits and liabilities as required by law. The carrying value of pledged securities was approximately $150,873 and $147,204 as of September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||||||
Securities with unrealized losses at September 30, 2013 and December 31, 2012 not recognized in income are as follows: | |||||||||||||||||||||||||
September 30, 2013 | 12 Months or less | More than 12 months | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Description of Securities | Value | Loss | Value | Loss | Value | Loss | |||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 32,170 | $ | (650 | ) | $ | — | $ | — | $ | 32,170 | $ | (650 | ) | |||||||||||
Obligations of states and political subdivisions | 25,519 | (1,480 | ) | — | — | 25,519 | (1,480 | ) | |||||||||||||||||
Mortgage-backed securities in gov’t sponsored entities | 22,329 | (441 | ) | 349 | (6 | ) | 22,678 | (447 | ) | ||||||||||||||||
Equity securities | 481 | (48 | ) | — | — | 481 | (48 | ) | |||||||||||||||||
Total temporarily impaired | $ | 80,499 | $ | (2,619 | ) | $ | 349 | $ | (6 | ) | $ | 80,848 | $ | (2,625 | ) | ||||||||||
December 31, 2012 | 12 Months or less | More than 12 months | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Description of Securities | Value | Loss | Value | Loss | Value | Loss | |||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 6,184 | $ | (8 | ) | $ | — | $ | — | $ | 6,184 | $ | (8 | ) | |||||||||||
Obligations of states and political subdivisions | 1,440 | (22 | ) | 465 | (2 | ) | 1,905 | (24 | ) | ||||||||||||||||
Mortgage-backed securities in gov’t sponsored entities | 7,907 | (215 | ) | 2,122 | (18 | ) | 10,029 | (233 | ) | ||||||||||||||||
Equity securities in financial institutions | 434 | (47 | ) | — | — | 434 | (47 | ) | |||||||||||||||||
Total temporarily impaired | $ | 15,965 | $ | (292 | ) | $ | 2,587 | $ | (20 | ) | $ | 18,552 | $ | (312 | ) | ||||||||||
At September 30, 2013 there were seventy-four securities in the portfolio with unrealized losses mainly due to higher market rates when compared to the time of purchase. Unrealized losses on securities have not been recognized into income because the issuers’ securities are of high credit quality, management has the intent and ability to hold these securities for the foreseeable future, and the decline in fair value is largely due to market yields increasing across the municipal sector partly due to higher risk premiums associated with municipal insurers. The fair value is expected to recover as the securities approach their maturity date or reset date. The Corporation does not intend to sell until recovery and does not believe selling will be required before recovery. |
Loans
Loans | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Loans | ' | ||||||||
(4) Loans | |||||||||
Loan balances were as follows: | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Commercial and agriculture | $ | 105,830 | $ | 100,661 | |||||
Commercial real estate | 431,733 | 434,808 | |||||||
Residential real estate | 244,393 | 250,598 | |||||||
Real estate construction | 26,661 | 19,677 | |||||||
Consumer and other | 10,954 | 9,809 | |||||||
Total loans | 819,571 | 815,553 | |||||||
Allowance for loan losses | (17,297 | ) | (19,742 | ) | |||||
Net loans | $ | 802,274 | $ | 795,811 | |||||
Allowance_for_Loan_Losses
Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||
(5) Allowance for Loan Losses | |||||||||||||||||||||||||||||
Management has an established methodology to determine the adequacy of the allowance for loan losses that assesses the risks and losses inherent in the loan portfolio. For purposes of determining the allowance for loan losses, the Corporation has segmented certain loans in the portfolio by product type. Historical loss percentages for each risk category are calculated and used as the basis for calculating loan loss allowance allocations. These historical loss percentages are calculated over a three-year period for all portfolio segments. Certain economic factors are also considered for trends which management uses to establish the directionality of changes to the unallocated portion of the reserve. The following economic factors are analyzed: | |||||||||||||||||||||||||||||
• | Changes in lending policies and procedures | ||||||||||||||||||||||||||||
• | Changes in experience and depth of lending and management staff | ||||||||||||||||||||||||||||
• | Changes in quality of Citizens’ credit review system | ||||||||||||||||||||||||||||
• | Changes in nature and volume of the loan portfolio | ||||||||||||||||||||||||||||
• | Changes in past due, classified and nonaccrual loans and TDRs | ||||||||||||||||||||||||||||
• | Changes in economic and business conditions | ||||||||||||||||||||||||||||
• | Changes in competition or legal and regulatory requirements | ||||||||||||||||||||||||||||
• | Changes in concentrations within the loan portfolio | ||||||||||||||||||||||||||||
• | Changes in the underlying collateral for collateral dependent loans | ||||||||||||||||||||||||||||
The total allowance reflects management’s estimate of loan losses inherent in the loan portfolio at the balance sheet date. The Corporation considers the allowance for loan losses of $17,297 adequate to cover loan losses inherent in the loan portfolio, at September 30, 2013. The following tables present, by portfolio segment, the changes in the allowance for loan losses and the loan balances outstanding for the periods ended September 30, 2013 and 2012, and December 31, 2012. | |||||||||||||||||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
For the nine months ending September 30, 2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 2,811 | $ | 10,139 | $ | 5,780 | $ | 349 | $ | 246 | $ | 417 | $ | 19,742 | |||||||||||||||
Charge-offs | (301 | ) | (1,266 | ) | (2,579 | ) | (136 | ) | (183 | ) | — | (4,465 | ) | ||||||||||||||||
Recoveries | 123 | 257 | 364 | 107 | 69 | — | 920 | ||||||||||||||||||||||
Provision | 418 | (1,221 | ) | 1,312 | (160 | ) | 27 | 724 | 1,100 | ||||||||||||||||||||
Ending Balance | $ | 3,051 | $ | 7,909 | $ | 4,877 | $ | 160 | $ | 159 | $ | 1,141 | $ | 17,297 | |||||||||||||||
For the nine months ended September 30, 2013, the allowance for Commercial Real Estate loans was reduced not only by charge-offs, but also due to a decrease in both the loan balances outstanding and the specific reserve required for this type. The net result of these changes was represented as a decrease in the provision. The allowance for Real Estate Construction loans was reduced as a result of changes to specific reserves required and the historical charge-offs for this type. The result of these changes was represented as a decrease in the provision. The ending reserve balance for Residential Real Estate loans declined from the end of the previous year due to charge-offs during the period. Since these charged-off loans already had specific reserves assigned to them, we no longer need to carry as large a reserve for this segment. While we have seen improvement in asset quality, given the uncertainty in the economy, management determined that it was appropriate to maintain unallocated reserves at a higher level at this time. | |||||||||||||||||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
For the nine months ending September 30, 2012 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 2,876 | $ | 10,571 | $ | 5,796 | $ | 974 | $ | 719 | $ | 321 | $ | 21,257 | |||||||||||||||
Charge-offs | (610 | ) | (2,463 | ) | (2,803 | ) | (297 | ) | (174 | ) | — | (6,347 | ) | ||||||||||||||||
Recoveries | 280 | 371 | 208 | 104 | 51 | — | 1,014 | ||||||||||||||||||||||
Provision | 23 | 2,748 | 2,758 | 284 | (343 | ) | 95 | 5,565 | |||||||||||||||||||||
Ending Balance | $ | 2,569 | $ | 11,227 | $ | 5,959 | $ | 1,065 | $ | 253 | $ | 416 | $ | 21,489 | |||||||||||||||
For the nine months ended September 30, 2012, the allowance for Consumer loans was reduced not only by charge-offs, but also due to decreases in the loan balances outstanding for this type. The result of this change was a reduction in the allowance and is represented as a decrease in the provision. | |||||||||||||||||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
For the three months ending September 30, 2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 3,775 | $ | 9,156 | $ | 5,169 | $ | 184 | $ | 149 | $ | 972 | $ | 19,405 | |||||||||||||||
Charge-offs | (210 | ) | (635 | ) | (1,558 | ) | (136 | ) | (61 | ) | — | (2,600 | ) | ||||||||||||||||
Recoveries | 62 | 34 | 63 | 1 | 32 | — | 192 | ||||||||||||||||||||||
Provision | (576 | ) | (646 | ) | 1,203 | 111 | 39 | 169 | 300 | ||||||||||||||||||||
Ending Balance | $ | 3,051 | $ | 7,909 | $ | 4,877 | $ | 160 | $ | 159 | $ | 1,141 | $ | 17,297 | |||||||||||||||
For the three months ended September 30, 2013, the allowance for Commercial and Agriculture loans was reduced not only by charge-offs, but also due to a decrease in the loan balances outstanding and decreases in both the specific and general reserves required for this type. The allowance for Commercial Real Estate loans was reduced not only by charge-offs, but also due to a decrease in both the specific and general reserves required for this type. The result of these changes for each loan type was represented as a decrease in the provision. While we have seen improvement in asset quality, given the uncertainty in the economy, management determined that it was appropriate to maintain unallocated reserves at a higher level at this time. | |||||||||||||||||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
For the three months ending September 30, 2012 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 2,537 | $ | 11,701 | $ | 6,379 | $ | 1,095 | $ | 262 | $ | (43 | ) | $ | 21,931 | ||||||||||||||
Charge-offs | (192 | ) | (824 | ) | (1,334 | ) | (192 | ) | (49 | ) | — | (2,591 | ) | ||||||||||||||||
Recoveries | 180 | 196 | 47 | (9 | ) | 35 | — | 449 | |||||||||||||||||||||
Provision | 44 | 154 | 867 | 171 | 5 | 459 | 1,700 | ||||||||||||||||||||||
Ending Balance | $ | 2,569 | $ | 11,227 | $ | 5,959 | $ | 1,065 | $ | 253 | $ | 416 | $ | 21,489 | |||||||||||||||
For the three months ended September 30, 2012, the allowance for each loan type was reduced by charge-offs, with no other adjustments through the provision needed for either a reduction in loan volume or charge-off history. | |||||||||||||||||||||||||||||
September 30, 2013 | Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,054 | $ | 454 | $ | 204 | $ | — | $ | 1 | $ | — | $ | 1,713 | |||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 1,997 | $ | 7,455 | $ | 4,673 | $ | 160 | $ | 158 | $ | 1,141 | $ | 15,584 | |||||||||||||||
Ending Balance | $ | 3,051 | $ | 7,909 | $ | 4,877 | $ | 160 | $ | 159 | $ | 1,141 | $ | 17,297 | |||||||||||||||
Loan balances outstanding: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,920 | $ | 9,813 | $ | 4,025 | $ | — | $ | 21 | $ | 17,779 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 101,910 | $ | 421,920 | $ | 240,368 | $ | 26,661 | $ | 10,933 | $ | 801,792 | |||||||||||||||||
Ending Balance | $ | 105,830 | $ | 431,733 | $ | 244,393 | $ | 26,661 | $ | 10,954 | $ | 819,571 | |||||||||||||||||
December 31, 2012 | Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 286 | $ | 2,354 | $ | 1,199 | $ | 107 | $ | 60 | $ | — | $ | 4,006 | |||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 2,525 | $ | 7,785 | $ | 4,581 | $ | 242 | $ | 186 | $ | 417 | $ | 15,736 | |||||||||||||||
Ending Balance | $ | 2,811 | $ | 10,139 | $ | 5,780 | $ | 349 | $ | 246 | $ | 417 | $ | 19,742 | |||||||||||||||
Loan balances outstanding: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 5,420 | $ | 13,941 | $ | 6,127 | $ | 541 | $ | 61 | $ | 26,090 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 95,241 | $ | 420,867 | $ | 244,471 | $ | 19,136 | $ | 9,748 | $ | 789,463 | |||||||||||||||||
Ending Balance | $ | 100,661 | $ | 434,808 | $ | 250,598 | $ | 19,677 | $ | 9,809 | $ | 815,553 | |||||||||||||||||
The following tables present credit exposures by internally assigned grades for the period ended September 30, 2013 and December 31, 2012. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all. Residential Real Estate loans with an internal credit risk grade include commercial loans that are secured by conventional 1-4 family residential properties. Real Estate Construction loans with an internal credit risk grade include commercial construction, land development and other land loans. Citizens’ internal credit risk grading system is based on experiences with similarly graded loans. Additionally, residential real estate, real estate construction or consumer loans that are directly related to a commercial borrower that has been downgraded may be downgraded as well. | |||||||||||||||||||||||||||||
Citizens’ internally assigned grades are as follows: | |||||||||||||||||||||||||||||
• | Pass – loans which are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. | ||||||||||||||||||||||||||||
• | Special Mention – loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected. | ||||||||||||||||||||||||||||
• | Substandard – loans that have a well-defined weakness based on objective evidence and are characterized by the distinct possibility that Citizens will sustain some loss if the deficiencies are not corrected. | ||||||||||||||||||||||||||||
• | Doubtful – loans classified as doubtful have all the weaknesses inherent in a substandard asset. In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances. | ||||||||||||||||||||||||||||
• | Loss – loans classified as a loss are considered uncollectible, or of such value that continuance as an asset is not warranted. | ||||||||||||||||||||||||||||
• | Unrated – Generally, consumer loans are not risk-graded, except when collateral is used for a business purpose. | ||||||||||||||||||||||||||||
September 30, 2013 | Commercial | Commercial | Residential | Real Estate | Consumer | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
Pass | $ | 97,258 | $ | 406,253 | $ | 95,677 | $ | 22,295 | $ | 2,289 | $ | 623,772 | |||||||||||||||||
Special Mention | 2,804 | 7,714 | 996 | 21 | — | 11,535 | |||||||||||||||||||||||
Substandard | 5,768 | 17,766 | 10,289 | — | 90 | 33,913 | |||||||||||||||||||||||
Doubtful | — | — | — | — | — | — | |||||||||||||||||||||||
Ending Balance | $ | 105,830 | $ | 431,733 | $ | 106,962 | $ | 22,316 | $ | 2,379 | $ | 669,220 | |||||||||||||||||
December 31, 2012 | Commercial | Commercial | Residential | Real Estate | Consumer | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
Pass | $ | 90,159 | $ | 397,657 | $ | 89,896 | $ | 16,594 | $ | 994 | $ | 595,300 | |||||||||||||||||
Special Mention | 1,653 | 6,371 | 1,944 | 352 | — | 10,320 | |||||||||||||||||||||||
Substandard | 8,849 | 30,780 | 12,873 | 1,001 | 106 | 53,609 | |||||||||||||||||||||||
Doubtful | — | — | — | — | — | — | |||||||||||||||||||||||
Ending Balance | $ | 100,661 | $ | 434,808 | $ | 104,713 | $ | 17,947 | $ | 1,100 | $ | 659,229 | |||||||||||||||||
The following tables present performing and nonperforming loans based solely on payment activity for the period ended September 30, 2013 and December 31, 2012 that have not been assigned an internal risk grade. Payment activity is reviewed by management on a monthly basis to determine how loans are performing. Loans are considered to be nonperforming when they become 90 days past due. Nonperforming loans also include certain loans that have been modified in Troubled Debt Restructurings (TDRs) where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from Citizens’ loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Certain TDRs are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months. | |||||||||||||||||||||||||||||
30-Sep-13 | Residential | Real Estate | Consumer | Total | |||||||||||||||||||||||||
Real Estate | Construction | ||||||||||||||||||||||||||||
Performing | $ | 137,431 | $ | 4,345 | $ | 8,575 | $ | 150,351 | |||||||||||||||||||||
Nonperforming | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 137,431 | $ | 4,345 | $ | 8,575 | $ | 150,351 | |||||||||||||||||||||
31-Dec-12 | Residential | Real Estate | Consumer | Total | |||||||||||||||||||||||||
Real Estate | Construction | ||||||||||||||||||||||||||||
Performing | $ | 145,879 | $ | 1,730 | $ | 8,696 | $ | 156,305 | |||||||||||||||||||||
Nonperforming | 6 | — | 13 | 19 | |||||||||||||||||||||||||
Total | $ | 145,885 | $ | 1,730 | $ | 8,709 | $ | 156,324 | |||||||||||||||||||||
The following tables includes an aging analysis of the recorded investment of past due loans outstanding as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
September 30, 2013 | 30-59 | 60-89 | 90 Days or | Total Past | Current | Total Loans | Past Due | ||||||||||||||||||||||
Days | Days | Greater | Due | 90 Days | |||||||||||||||||||||||||
Past Due | Past Due | and | |||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
Commericial & Agriculture | $ | — | $ | 4 | $ | 304 | $ | 308 | $ | 105,522 | $ | 105,830 | $ | — | |||||||||||||||
Commercial Real Estate | 271 | 653 | 2,929 | 3,853 | 427,880 | 431,733 | — | ||||||||||||||||||||||
Residential Real Estate | 733 | 393 | 5,412 | 6,538 | 237,855 | 244,393 | — | ||||||||||||||||||||||
Real Estate Construction | — | — | — | — | 26,661 | 26,661 | — | ||||||||||||||||||||||
Consumer | 60 | 8 | 25 | 93 | 10,861 | 10,954 | — | ||||||||||||||||||||||
Total | $ | 1,064 | $ | 1,058 | $ | 8,670 | $ | 10,792 | $ | 808,779 | $ | 819,571 | $ | — | |||||||||||||||
December 31, 2012 | 30-59 | 60-89 | 90 Days or | Total Past | Current | Total Loans | Past Due | ||||||||||||||||||||||
Days | Days | Greater | Due | 90 Days | |||||||||||||||||||||||||
Past Due | Past Due | and | |||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
Commericial & Agriculture | $ | 31 | $ | 72 | $ | 553 | $ | 656 | $ | 100,005 | $ | 100,661 | $ | — | |||||||||||||||
Commercial Real Estate | 1,000 | 533 | 6,794 | 8,327 | 426,481 | 434,808 | 80 | ||||||||||||||||||||||
Residential Real Estate | 2,843 | 1,214 | 8,527 | 12,584 | 238,014 | 250,598 | — | ||||||||||||||||||||||
Real Estate Construction | 43 | — | 416 | 459 | 19,218 | 19,677 | — | ||||||||||||||||||||||
Consumer | 127 | 20 | 29 | 176 | 9,633 | 9,809 | — | ||||||||||||||||||||||
Total | $ | 4,044 | $ | 1,839 | $ | 16,319 | $ | 22,202 | $ | 793,351 | $ | 815,553 | $ | 80 | |||||||||||||||
Nonaccrual Loans: Loans are considered for nonaccrual status upon reaching 90 days delinquency, unless the loan is well secured and in the process of collection, although Citizens may be receiving partial payments of interest and partial repayments of principal on such loans. When a loan is placed on nonaccrual status, previously accrued but unpaid interest is deducted from interest income. | |||||||||||||||||||||||||||||
The following table presents loans on nonaccrual status as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Commericial & Agriculture | $ | 1,599 | $ | 2,869 | |||||||||||||||||||||||||
Commercial Real Estate | 9,562 | 16,250 | |||||||||||||||||||||||||||
Residential Real Estate | 9,458 | 9,701 | |||||||||||||||||||||||||||
Real Estate Construction | — | 958 | |||||||||||||||||||||||||||
Consumer | 75 | 77 | |||||||||||||||||||||||||||
Total | $ | 20,694 | $ | 29,855 | |||||||||||||||||||||||||
Loan modifications that are considered TDRs completed during the nine month periods ended September 30, 2013 and September 30, 2012 were as follows: | |||||||||||||||||||||||||||||
For the Nine-Month Period Ended | For the Nine-Month Period Ended | ||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||||||||||||||
Number | Pre- | Post- | Number | Pre- | Post- | ||||||||||||||||||||||||
of | Modification | Modification | of | Modification | Modification | ||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | Contracts | Outstanding | Outstanding | ||||||||||||||||||||||||
Recorded | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||
Investment | Investment | Investment | Investment | ||||||||||||||||||||||||||
Commericial & Agriculture | — | $ | — | $ | — | 6 | $ | 983 | $ | 976 | |||||||||||||||||||
Commercial Real Estate | 2 | 547 | 547 | 3 | 1,206 | 1,206 | |||||||||||||||||||||||
Residential Real Estate | — | — | — | 21 | 1,250 | 1,171 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer and Other | — | — | — | 5 | 66 | 66 | |||||||||||||||||||||||
Total Loan Modifications | 2 | $ | 547 | $ | 547 | 35 | $ | 3,505 | $ | 3,419 | |||||||||||||||||||
Loan modifications that are considered TDRs completed during the quarter ended September 30, 2013 and September 30, 2012 were as follows: | |||||||||||||||||||||||||||||
For the Three-Month Period Ended | For the Three-Month Period Ended | ||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||||||||||||||
Number | Pre- | Post- | Number | Pre- | Post- | ||||||||||||||||||||||||
of | Modification | Modification | of | Modification | Modification | ||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | Contracts | Outstanding | Outstanding | ||||||||||||||||||||||||
Recorded | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||
Investment | Investment | Investment | Investment | ||||||||||||||||||||||||||
Commericial & Agriculture | — | $ | — | $ | — | 2 | $ | 197 | $ | 497 | |||||||||||||||||||
Commercial Real Estate | 1 | 422 | 422 | — | — | — | |||||||||||||||||||||||
Residential Real Estate | — | — | — | 1 | 385 | 385 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer and Other | — | — | — | 1 | 19 | 19 | |||||||||||||||||||||||
Total Loan Modifications | 1 | $ | 422 | $ | 422 | 4 | $ | 601 | $ | 901 | |||||||||||||||||||
Recidivism, or the borrower defaulting on its obligation pursuant to a modified loan, results in the loan once again becoming a non-accrual loan. Recidivism occurs at a notably higher rate than defaults on new origination loans, so modified loans present a higher risk of loss than do new origination loans. | |||||||||||||||||||||||||||||
During the nine-month period ended September 30, 2013, there were two defaults, totaling $66, on loans which were modified and considered TDRs during the twelve months previous to the nine-month period ending September 30, 2013. | |||||||||||||||||||||||||||||
During the nine-month period ended September 30, 2012, there were no defaults on any loans which were modified and considered TDRs during the twelve months previous to the nine-month period ending September 30, 2012. | |||||||||||||||||||||||||||||
During the three-month period ended September 30, 2013, there were no defaults on any loans which were modified and considered TDRs during the twelve months previous to the three-month period ending September 30, 2013. | |||||||||||||||||||||||||||||
During the three-month period ended September 30, 2012, there were no defaults on any loans which were modified and considered TDRs during the twelve months previous to the three-month period ending September 30, 2012. | |||||||||||||||||||||||||||||
Impaired Loans: Larger (greater than $500) Commercial loans and Commercial Real Estate loans, many of which are 60 days or more past due, are tested for impairment. These loans are analyzed to determine if it is probable that all amounts will not be collected according to the contractual terms of the loan agreement. If management determines that the value of the impaired loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through an allowance estimate or a charge-off to the allowance. Additionally, if a Residential Real Estate loan or Consumer loan is part of a relationship with a Commercial loan or Commercial Real Estate loan that is impaired, then the Residential Real Estate loan or Consumer loan is considered impaired as well. | |||||||||||||||||||||||||||||
The following tables include the recorded investment and unpaid principal balances for impaired financing receivables with the associated allowance amount, if applicable, as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Agriculture | $ | 1,206 | $ | 1,326 | $ | — | $ | 5,053 | $ | 5,226 | $ | — | |||||||||||||||||
Commercial Real Estate | 5,341 | 6,260 | — | 5,446 | 8,114 | — | |||||||||||||||||||||||
Residential Real Estate | 3,049 | 5,108 | — | 2,566 | 5,346 | — | |||||||||||||||||||||||
Real Estate Construction | — | — | — | — | 521 | — | |||||||||||||||||||||||
Consumer and Other | — | — | — | 1 | 1 | — | |||||||||||||||||||||||
Total | 9,596 | 12,694 | — | 13,066 | 19,208 | — | |||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Agriculture | 2,714 | 3,031 | 1,054 | 367 | 385 | 286 | |||||||||||||||||||||||
Commercial Real Estate | 4,472 | 4,755 | 454 | 8,495 | 8,681 | 2,354 | |||||||||||||||||||||||
Residential Real Estate | 976 | 1,003 | 204 | 3,561 | 4,554 | 1,199 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | 541 | 547 | 107 | |||||||||||||||||||||||
Consumer and Other | 21 | 21 | 1 | 60 | 60 | 60 | |||||||||||||||||||||||
Total | 8,183 | 8,810 | 1,713 | 13,024 | 14,227 | 4,006 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commercial & Agriculture | 3,920 | 4,357 | 1,054 | 5,420 | 5,611 | 286 | |||||||||||||||||||||||
Commercial Real Estate | 9,813 | 11,015 | 454 | 13,941 | 16,795 | 2,354 | |||||||||||||||||||||||
Residential Real Estate | 4,025 | 6,111 | 204 | 6,127 | 9,900 | 1,199 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | 541 | 1,068 | 107 | |||||||||||||||||||||||
Consumer and Other | 21 | 21 | 1 | 61 | 61 | 60 | |||||||||||||||||||||||
Total | $ | 17,779 | $ | 21,504 | $ | 1,713 | $ | 26,090 | $ | 33,435 | $ | 4,006 | |||||||||||||||||
The following tables include the average recorded investment and interest income recognized for impaired financing receivables for the three-month and nine-month periods ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||
For the nine months ended: | September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
Commercial & Agriculture | $ | 4,984 | $ | 156 | $ | 4,631 | $ | 205 | |||||||||||||||||||||
Commercial Real Estate | 12,328 | 438 | 17,060 | 995 | |||||||||||||||||||||||||
Residential Real Estate | 5,324 | 287 | 4,628 | 391 | |||||||||||||||||||||||||
Real Estate Construction | 377 | — | 531 | 11 | |||||||||||||||||||||||||
Consumer and Other | 35 | — | 28 | 1 | |||||||||||||||||||||||||
Total | $ | 23,048 | $ | 881 | $ | 26,878 | $ | 1,603 | |||||||||||||||||||||
For the three months ended: | September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
Commercial & Agriculture | $ | 4,504 | $ | 25 | $ | 5,366 | $ | 26 | |||||||||||||||||||||
Commercial Real Estate | 11,237 | 29 | 16,448 | 329 | |||||||||||||||||||||||||
Residential Real Estate | 4,773 | 18 | 5,227 | 145 | |||||||||||||||||||||||||
Real Estate Construction | 240 | (11 | ) | 608 | 11 | ||||||||||||||||||||||||
Consumer and Other | 21 | — | 54 | 1 | |||||||||||||||||||||||||
Total | $ | 20,775 | $ | 61 | $ | 27,703 | $ | 512 | |||||||||||||||||||||
Other_Comprehensive_Income
Other Comprehensive Income | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||
Other Comprehensive Income | ' | ||||||||||||||||||||||||
(6) Other Comprehensive Income | |||||||||||||||||||||||||
The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the three-month and nine-month periods ended September 30, 2013: | |||||||||||||||||||||||||
For the Three-Month Period Ended | For the Nine-Month Period Ended | ||||||||||||||||||||||||
September 30, 2013 | September 30, 2013 | ||||||||||||||||||||||||
Unrealized | Defined | Total | Unrealized | Defined | Total | ||||||||||||||||||||
Gains and | Benefit | Gains and | Benefit | ||||||||||||||||||||||
Losses on | Pension | Losses on | Pension | ||||||||||||||||||||||
Available-for- | Items | Available-for- | Items | ||||||||||||||||||||||
Sale | Sale | ||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||
Beginning balance | $ | 1,662 | $ | (7,273 | ) | $ | (5,611 | ) | $ | 5,849 | $ | (7,496 | ) | $ | (1,647 | ) | |||||||||
Other comprehensive loss before reclassifications | (585 | ) | — | (585 | ) | (4,734 | ) | — | (4,734 | ) | |||||||||||||||
Amounts reclassified from accumulated other comprehensive loss | (53 | ) | 119 | 66 | (91 | ) | 342 | 251 | |||||||||||||||||
Net current-period other comprehensive income (loss) | (638 | ) | 119 | (519 | ) | (4,825 | ) | 342 | (4,483 | ) | |||||||||||||||
Ending balance | $ | 1,024 | $ | (7,154 | ) | $ | (6,130 | ) | $ | 1,024 | $ | (7,154 | ) | $ | (6,130 | ) | |||||||||
Amounts in parentheses indicate debits. | |||||||||||||||||||||||||
The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss for the three-month and nine-month periods ended September 30, 2013: | |||||||||||||||||||||||||
Amout Reclassified from | |||||||||||||||||||||||||
Accumulated Other | |||||||||||||||||||||||||
Comprehensive Loss (a) | |||||||||||||||||||||||||
Details about Accumulated Other | For the three | For the nine | Affected Line Item in the Statement | ||||||||||||||||||||||
Comprehensive Income (Loss) Components | months ended | months ended | Where Net Income is Presented | ||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2013 | ||||||||||||||||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 80 | $ | 138 | Net gain on sale of securities | ||||||||||||||||||||
80 | 138 | Total before tax | |||||||||||||||||||||||
Tax effect | (27 | ) | (47 | ) | Income tax expense | ||||||||||||||||||||
53 | 91 | Net of tax | |||||||||||||||||||||||
Amortization of defined benefit pension items | |||||||||||||||||||||||||
Actuarial gains/(losses) | (180 | )(b) | (518 | )(b) | Salaries, wages and benefits | ||||||||||||||||||||
(180 | ) | (518 | ) | Total before tax | |||||||||||||||||||||
Tax effect | 61 | 176 | Income tax expense | ||||||||||||||||||||||
(119 | ) | (342 | ) | Net of tax | |||||||||||||||||||||
Total reclassifications for the period | $ | (66 | ) | $ | (251 | ) | Net of tax | ||||||||||||||||||
(a) | Amounts in parentheses indicate debits to profit/loss. | ||||||||||||||||||||||||
(b) | These accumulated other comprehensive income components are included in the computation of net periodic pension cost. |
Earnings_per_Common_Share
Earnings per Common Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings per Common Share | ' | ||||||||||||||||
(7) Earnings per Common Share | |||||||||||||||||
Basic earnings per share are net income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under stock options, computed using the treasury stock method. | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Basic | |||||||||||||||||
Net income | $ | 1,566 | $ | 1,384 | $ | 5,136 | $ | 3,613 | |||||||||
Preferred stock dividends and discount accretion | 289 | 316 | 869 | 903 | |||||||||||||
Net income available to common shareholders | $ | 1,277 | $ | 1,068 | $ | 4,267 | $ | 2,710 | |||||||||
Weighted average common shares outstanding | 7,707,917 | 7,707,917 | 7,707,917 | 7,707,917 | |||||||||||||
Basic earnings per common share | $ | 0.17 | $ | 0.14 | $ | 0.55 | $ | 0.35 | |||||||||
Diluted | |||||||||||||||||
Net income | $ | 1,566 | $ | 1,384 | $ | 5,136 | $ | 3,613 | |||||||||
Preferred stock dividends and discount accretion | 289 | 316 | 869 | 903 | |||||||||||||
Net income available to common shareholders | $ | 1,277 | $ | 1,068 | $ | 4,267 | $ | 2,710 | |||||||||
Weighted average common shares outstanding for basic earnings per common share | 7,707,917 | 7,707,917 | 7,707,917 | 7,707,917 | |||||||||||||
Add: Dilutive effects of assumed exercises of stock options and warrants | — | — | — | — | |||||||||||||
Average shares and dilutive potential common shares outstanding | 7,707,917 | 7,707,917 | 7,707,917 | 7,707,917 | |||||||||||||
Diluted earnings per common share | $ | 0.17 | $ | 0.14 | $ | 0.55 | $ | 0.35 | |||||||||
Stock options for 10,000 common shares that have an exercise price of $35.00 were not considered in computing diluted earnings per common share for the three and nine-month periods ended September 30, 2012 because they were anti-dilutive. | |||||||||||||||||
There were no dilutive or anti-dilutive securities at September 30, 2013. |
Commitments_Contingencies_and_
Commitments, Contingencies and Off-Balance Sheet Risk | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||||||||||
Commitments, Contingencies and Off-Balance Sheet Risk | ' | ||||||||||||||||
(8) Commitments, Contingencies and Off-Balance Sheet Risk | |||||||||||||||||
Some financial instruments, such as loan commitments, credit lines, letters of credit and overdraft protection, are issued to meet customers’ financing needs. These are agreements to provide credit or to support the credit of others, as long as the conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off-balance-sheet risk of credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of commitment. The contractual amounts of financial instruments with off-balance-sheet risk were as follows for September 30, 2013 and December 31, 2012: | |||||||||||||||||
Contract Amount | |||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||
Fixed | Variable | Fixed | Variable | ||||||||||||||
Rate | Rate | Rate | Rate | ||||||||||||||
Commitment to extend credit: | |||||||||||||||||
Lines of credit and construction loans | $ | 6,618 | $ | 159,489 | $ | 9,378 | $ | 118,182 | |||||||||
Overdraft protection | 31 | 20,629 | 51 | 19,726 | |||||||||||||
Letters of credit | 200 | 2,236 | 294 | 396 | |||||||||||||
$ | 6,849 | $ | 182,354 | $ | 9,723 | $ | 138,304 | ||||||||||
Commitments to make loans are generally made for a period of one year or less. Fixed rate loan commitments included in the table above had interest rates ranging from 3.05% to 13.75% at September 30, 2013 and December 31, 2012, respectively. Maturities extend up to 30 years. | |||||||||||||||||
Citizens is required to maintain certain reserve balances on hand in accordance with the Federal Reserve Board requirements. The average reserve balance maintained in accordance with such requirements was $1,753 on September 30, 2013 and $1,217 on December 31, 2012. |
Pension_Information
Pension Information | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Pension Information | ' | ||||||||||||||||
(9) Pension Information | |||||||||||||||||
Net periodic pension expense was as follows: | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Service cost | $ | 310 | $ | 235 | $ | 893 | $ | 704 | |||||||||
Interest cost | 228 | 229 | 656 | 686 | |||||||||||||
Expected return on plan assets | (249 | ) | (215 | ) | (716 | ) | (644 | ) | |||||||||
Other components | 180 | 90 | 518 | 270 | |||||||||||||
Net periodic pension cost | $ | 469 | $ | 339 | $ | 1,351 | $ | 1,016 | |||||||||
The total amount of contributions expected to be paid by the Corporation in 2013 is $1,900, compared to $1,510 in 2012. |
Stock_Options
Stock Options | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||
Stock Options | ' | ||||||||||||||||
(10) Stock Options | |||||||||||||||||
The Corporation’s Stock Option and Stock Appreciation Rights Plan (“Stock Option Plan”) authorized the Corporation to grant options to buy up to an aggregate of 225,000 common shares of the Corporation to directors, officers and employees of the Corporation. The exercise price of stock options granted under the Stock Option Plan was based on the market price of the Corporation’s common shares at the date of grant, the maximum option term was ten years, and options normally vested after three years. The Stock Option Plan expired in 2010, and no further stock options or other awards may be granted by the Corporation under the Stock Option Plan. | |||||||||||||||||
A summary of the activity in the plan is as follows: | |||||||||||||||||
Nine months ended | Nine months ended | ||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||
Total options | Total options | ||||||||||||||||
outstanding | outstanding | ||||||||||||||||
Weighted | Weighted | ||||||||||||||||
Average | Average | ||||||||||||||||
Price | Price | ||||||||||||||||
Shares | Per Share | Shares | Per Share | ||||||||||||||
Outstanding at beginning of year | 10,000 | $ | 35 | 29,500 | $ | 25.42 | |||||||||||
Granted | — | — | — | — | |||||||||||||
Exercised | — | — | — | — | |||||||||||||
Forfeited | — | — | — | — | |||||||||||||
Expired | (10,000 | ) | 35 | (19,500 | ) | 20.5 | |||||||||||
Options outstanding, end of period | — | $ | — | 10,000 | $ | 35 | |||||||||||
Options exercisable, end of period | — | $ | — | 10,000 | $ | 35 | |||||||||||
At September 30, 2013, all previously outstanding stock options had expired unexercised. | |||||||||||||||||
The intrinsic value for stock options is calculated based on the exercise price of the underlying awards and the market price of our common shares as of the reporting date. As of September 30, 2012, there were no options that had intrinsic value. |
Fair_Value_Measurement
Fair Value Measurement | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Measurement | ' | ||||||||||||||||||||
(11) Fair Value Measurement | |||||||||||||||||||||
The Corporation uses a fair value hierarchy to measure fair value. The Corporation uses a fair value hierarchy to measure fair value. This hierarchy describes three levels of inputs that may be used to measure fair value. Level 1: Quoted prices for identical assets in active markets that are identifiable on the measurement date; Level 2: Significant other observable inputs, such as quoted prices for similar assets, quoted prices in markets that are not active and other inputs that are observable or can be corroborated by observable market data; Level 3: Significant unobservable inputs that reflect the Corporation’s own view about the assumptions that market participants would use in pricing an asset. | |||||||||||||||||||||
Debt securities: The fair values of securities available for sale are determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). Additionally, at December 31, 2012, management used significant unobservable inputs to determine the fair value of one security (Level 3 inputs). These inputs include appraised values of the underlying collateral and estimated costs to sell the collateral. The value of the collateral has been discounted to represent the value in a distressed sale situation. | |||||||||||||||||||||
Equity securities: The Corporation’s equity securities are not actively traded in an open market. The fair values of these equity securities available for sale is determined by using market data inputs for similar securities that are observable (Level 2 inputs). | |||||||||||||||||||||
Impaired loans: The fair values of impaired loans are determined using the fair values of collateral for collateral dependent loans, or discounted cash flows. The Corporation uses independent appraisals, discounted cash flow models and other available data to estimate the fair value of collateral (Level 3 inputs). | |||||||||||||||||||||
Other real estate owned: The fair value of other real estate owned is determined using the fair value of collateral. The Corporation uses appraisals and other available data to estimate the fair value of collateral (Level 3 inputs). The appraised values are discounted to represent an estimated value in a distressed sale. Additionally, estimated costs to sell the property are used to further adjust the value. | |||||||||||||||||||||
Assets measured at fair value are summarized below. | |||||||||||||||||||||
Fair Value Measurements at | |||||||||||||||||||||
September 30, 2013 Using: | |||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Assets measured at fair value on a recurring basis: | |||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. Government agencies | $ | — | $ | 53,964 | $ | — | |||||||||||||||
Obligations of states and political subdivisions | — | 81,475 | — | ||||||||||||||||||
Mortgage-backed securities in government sponsored entities | — | 64,484 | — | ||||||||||||||||||
Equity securities in financial institutions | — | 433 | — | ||||||||||||||||||
Assets measured at fair value on a nonrecurring basis: | |||||||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 16,066 | |||||||||||||||
Other real estate owned | — | — | 158 | ||||||||||||||||||
Fair Value Measurements at | |||||||||||||||||||||
December 31, 2012 Using: | |||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Assets measured at fair value on a recurring basis: | |||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. Government agencies | $ | — | $ | 54,286 | $ | — | |||||||||||||||
Obligations of states and political subdivisions | — | 79,338 | 468 | ||||||||||||||||||
Mortgage-backed securities in government sponsored entities | — | 69,435 | — | ||||||||||||||||||
Equity securities in financial institutions | — | 434 | — | ||||||||||||||||||
Assets measured at fair value on a nonrecurring basis: | |||||||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 22,084 | |||||||||||||||
Other real estate owned | — | — | 471 | ||||||||||||||||||
The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at September 30, 2013. | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
September 30, 2013 | Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||||
Estimate | |||||||||||||||||||||
Impaired loans | $ | 16,066 | Appraisal of collateral | Appraisal adjustments | 10% - 30% | ||||||||||||||||
Liquidation expense | 0% - 10% | ||||||||||||||||||||
Holding period | 0 - 30 months | ||||||||||||||||||||
Discounted cash flows | Discount rates | 3.8% - 8.3% | |||||||||||||||||||
Other real estate owned | $ | 158 | Appraisal of collateral | Appraisal adjustments | 10% - 30% | ||||||||||||||||
Liquidation expense | 0% - 10% | ||||||||||||||||||||
The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2012. | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
December 31, 2012 | Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||||
Estimate | |||||||||||||||||||||
Obligations of states and political subdivisions | $ | 468 | Appraisal of collateral | Appraisal adjustments | 20% - 30% | ||||||||||||||||
Liquidation expense | 8% - 12% | ||||||||||||||||||||
Impaired loans | $ | 22,084 | Appraisal of collateral | Appraisal adjustments | 10% - 30% | ||||||||||||||||
Liquidation expense | 0% - 10% | ||||||||||||||||||||
Holding period | 0 - 30 months | ||||||||||||||||||||
Discounted cash flows | Discount rates | 2% - 8.5% | |||||||||||||||||||
Other real estate owned | $ | 471 | Appraisal of collateral | Appraisal adjustments | 10% - 30% | ||||||||||||||||
Liquidation expense | 0% - 10% | ||||||||||||||||||||
The following table presents the changes in the Level 3 fair-value category for the period ended September 30, 2013. The Corporation classifies financial instruments in Level 3 of the fair value hierarchy when there is reliance on at least one significant unobservable input to the valuation model. In addition to the unobservable inputs, the valuation models for Level 3 financial instruments typically also rely on a number of inputs that are readily observable, either directly or indirectly. | |||||||||||||||||||||
Securities available for sale | |||||||||||||||||||||
Beginning balance January 1, 2013 | $ | 468 | |||||||||||||||||||
Settlements | (468 | ) | |||||||||||||||||||
Ending balance September 30, 2013 | $ | — | |||||||||||||||||||
The carrying amount and fair values of financial instruments are as follows. | |||||||||||||||||||||
September 30, 2013 | Carrying | Total Fair | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Amount | Value | ||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and due from financial institutions | $ | 50,093 | $ | 50,093 | $ | 50,093 | $ | — | $ | — | |||||||||||
Securities available for sale | 200,356 | 200,356 | — | 200,356 | — | ||||||||||||||||
Other securities | 15,433 | 15,433 | 15,433 | — | — | ||||||||||||||||
Loans, available for sale | 4,891 | 4,891 | 4,891 | — | — | ||||||||||||||||
Loans, net of allowance for loan losses | 802,274 | 821,717 | — | — | 821,717 | ||||||||||||||||
Bank owned life insurance | 19,013 | 19,013 | 19,013 | — | — | ||||||||||||||||
Accrued interest receivable | 4,540 | 4,540 | 4,540 | — | — | ||||||||||||||||
Mortgage servicing rights | 454 | 454 | — | — | 454 | ||||||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Nonmaturing deposits | 702,215 | 702,215 | 702,215 | — | — | ||||||||||||||||
Time deposits | 240,243 | 242,067 | — | — | 242,067 | ||||||||||||||||
Federal Home Loan Bank advances | 37,735 | 38,710 | — | — | 38,710 | ||||||||||||||||
Securities sold under agreement to repurchase | 20,810 | 20,810 | 20,810 | — | — | ||||||||||||||||
Subordinated debentures | 29,427 | 21,412 | — | — | 21,412 | ||||||||||||||||
Accrued interest payable | 159 | 159 | 159 | — | — | ||||||||||||||||
December 31, 2012 | Carrying | Total Fair | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Amount | Value | ||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and due from financial institutions | $ | 46,131 | $ | 46,131 | $ | 46,131 | $ | — | $ | — | |||||||||||
Securities available for sale | 203,961 | 203,961 | — | 203,493 | 468 | ||||||||||||||||
Other securities | 15,567 | 15,567 | 15,567 | — | — | ||||||||||||||||
Loans, available for sale | 1,873 | 1,873 | 1,873 | — | — | ||||||||||||||||
Loans, net of allowance for loan losses | 795,811 | 812,950 | — | — | 812,950 | ||||||||||||||||
Bank owned life insurance | 18,590 | 18,590 | 18,590 | — | — | ||||||||||||||||
Accrued interest receivable | 3,709 | 3,709 | 3,709 | — | — | ||||||||||||||||
Mortgage servicing rights | 308 | 308 | — | — | 308 | ||||||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Nonmaturing deposits | 662,387 | 662,387 | 662,387 | — | — | ||||||||||||||||
Time deposits | 264,002 | 265,974 | — | — | 265,974 | ||||||||||||||||
Federal Home Loan Bank advances | 40,261 | 41,658 | — | — | 41,658 | ||||||||||||||||
Securities sold under agreement to repurchase | 23,219 | 23,219 | 23,219 | — | — | ||||||||||||||||
Subordinated debentures | 29,427 | 26,855 | — | — | 26,855 | ||||||||||||||||
Accrued interest payable | 185 | 185 | 185 | — | — | ||||||||||||||||
Cash and due from financial institutions: The carrying amounts for cash and due from financial institutions approximate fair value because they have original maturities of less than 90 days and do not present unanticipated credit concerns. | |||||||||||||||||||||
Available-for-sale securities: The fair value of securities are determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for specific securities. Instead, this method relies on the securities relationship to other benchmark quoted securities (Level 2 inputs). For equity securities, management uses market information related to the value of similar institutions to determine the fair value (Level 2 inputs). At December 31, 2012, management used significant unobservable inputs to determine the fair value of one security (Level 3 inputs). These inputs included appraised values of the underlying collateral and estimated costs to sell the collateral. The value of the collateral has been discounted to represent the value in a distressed sale situation. | |||||||||||||||||||||
Other securities: The carrying value of regulatory stock approximates fair value based on applicable redemption provisions. | |||||||||||||||||||||
Loans, available-for-sale: Loans held for sale are priced individually at market rates on the day that the loan is locked for commitment to an investor. Because the holding period of such loans is typically short, the carrying value generally approximates the fair value at the time the commitment is received. All loans in the held-for-sale account conform to Fannie Mae underwriting guidelines, with specific intent of the loan being purchased by an investor at the predetermined rate structure. | |||||||||||||||||||||
Loans, net of allowance for loan losses: Fair values for loans, other than impaired, are estimated for portfolios of loans with similar financial characteristics. The fair value of performing loans has been estimated by discounting expected future cash flows of the underlying portfolios. The discount rates used in these calculations are generally derived from the treasury yield curve and are calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate inherent in the loan. The estimated maturity is based on the Corporation’s historical experience with repayments for each loan classification. Changes in these significant unobservable inputs used in discounted cash flow analysis, such as the discount rate or prepayment speeds, could lead to changes in the underlying fair value. | |||||||||||||||||||||
Bank owned life insurance: The carrying value of bank owned life insurance approximates the fair value based on applicable redemption provisions. | |||||||||||||||||||||
Accrued interest receivable and payable and securities sold under agreements to repurchase: The carrying amounts for accrued interest receivable, accrued interest payable and securities sold under agreements to repurchase approximate fair value because they are generally received or paid in 90 days or less and do not present unanticipated credit concerns. | |||||||||||||||||||||
Deposits: The fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, savings and NOW accounts, and money market accounts, is equal to the amount payable on demand. | |||||||||||||||||||||
The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is estimated using the current market rates currently offered for deposits of similar remaining maturities. | |||||||||||||||||||||
The deposits’ fair value estimates do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market, commonly referred to as the core deposit intangible. | |||||||||||||||||||||
Federal Home Loan Bank advances: Rates available to the Corporation for borrowed funds with similar terms and remaining maturities are used to estimate the fair value of borrowed funds. | |||||||||||||||||||||
Subordinated debentures: The fair value of subordinated debentures is based on the discounted value of contractual cash flows of the underlying debt agreements. The discount rate is estimated using the current rate for the borrowing from the Federal Home Loan Bank (FHLB) with the most similar terms. | |||||||||||||||||||||
Mortgage servicing rights: Mortgage servicing rights are measured at the lower of amortized cost or fair value. Periodic impairment assessments are performed based on fair value estimates at the reporting date. The fair value of mortgage servicing rights are estimated based on a valuation model which calculates the present value of estimated future cash flows associated with servicing the underlying loans. The model incorporates assumptions that market participants use in estimating future net servicing income, including estimated prepayment speeds, market discount rates and the cost to service each loan. The fair value measurements are classified as Level 3. |
Participation_in_the_US_Treasu
Participation in the U.S. Treasury Troubled Asset Relief Program | 9 Months Ended |
Sep. 30, 2013 | |
Equity [Abstract] | ' |
Participation in the U.S. Treasury Troubled Asset Relief Program | ' |
(12) Participation in the U.S. Treasury Troubled Asset Relief Program | |
On January 23, 2009, the Corporation issued and sold to the U.S. Treasury of 23,184 of newly-issued non-voting preferred shares in conjunction with the Corporation’s participation in the Troubled Asset Relief Program (TARP). The Corporation and the U.S. Treasury entered into a Letter Agreement, dated January 23, 2009, including the Securities Purchase Agreement – Standard Terms attached thereto, pursuant to which the Corporation issued and sold to the U.S. Treasury (1) 23,184 Fixed Rate Cumulative Perpetual Preferred Shares, Series A, each without par value and having a liquidation preference of $1,000 per share (Preferred Shares), and (2) a Warrant to purchase 469,312 common shares of the Corporation, each without par value, at an exercise price of $7.41 per share. The Warrant had a ten-year term. Under the standardized terms of the preferred shares, cumulative dividends on the Preferred Shares accrue on the liquidation preference at a rate of 5% per annum for the first five years, and at a rate of 9% per annum thereafter, but will be paid only if, as and when declared by the Corporation’s Board of Directors. The Preferred Shares have no maturity date and rank senior to the common shares with respect to the payment of dividends and distributions and amounts payable upon liquidation, dissolution and winding up of the Corporation. The Preferred Shares qualify as Tier 1 capital for regulatory purposes | |
On July 3, 2012, the U.S. Treasury completed the sale of all 23,184 of the Preferred Shares to various investors pursuant to a modified “Dutch auction” process. On September 5, 2012, the Corporation completed the repurchase of the Warrant for an aggregate purchase price of $563. |
Consolidated_Financial_Stateme1
Consolidated Financial Statements (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Nature of Operations and Principles of Consolidation | ' |
Nature of Operations and Principles of Consolidation: The Consolidated Financial Statements include the accounts of First Citizens Banc Corp (FCBC) and its wholly-owned subsidiaries: The Citizens Banking Company (Citizens), First Citizens Insurance Agency, Inc., Water Street Properties, Inc. (Water St.) and FC Refund Solutions, Inc (FCRS). FCRS was formed to facilitate payment of individual state and federal income tax refunds. First Citizens Capital LLC (FCC) is wholly-owned by Citizens and holds inter-company debt. The operations of FCC are located in Wilmington, Delaware. First Citizens Investments, Inc. (FCI) is wholly-owned by Citizens and holds and manages Citizens’ securities portfolio. The operations of FCI are located in Wilmington, Delaware. The above companies together are referred to as the “Corporation.” Intercompany balances and transactions are eliminated in consolidation. | |
The consolidated financial statements have been prepared by the Corporation without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the Corporation’s financial position as of September 30, 2013 and its results of operations and changes in cash flows for the periods ended September 30, 2013 and 2012 have been made. The accompanying Consolidated Financial Statements have been prepared in accordance with instructions of Form 10-Q, and therefore certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America have been omitted. The results of operations for the period ended September 30, 2013 are not necessarily indicative of the operating results for the full year. Reference is made to the accounting policies of the Corporation described in the notes to the financial statements contained in the Corporation’s 2012 annual report. The Corporation has consistently followed these policies in preparing this Form 10-Q. | |
The Corporation provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Madison, Summit, Huron, Ottawa, and Richland. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from operations of businesses. There are no significant concentrations of loans to any one industry or customer. However, the customers’ ability to repay their loans is dependent on the real estate and general economic conditions in the area. Other financial instruments that potentially represent concentrations of credit risk include deposit accounts in other financial institutions and Federal Funds sold. First Citizens Insurance Agency, Inc. was formed to allow the Corporation to participate in commission revenue generated through its third party insurance agreement. Insurance commission revenue was less than 1.0% of total revenue through September 30, 2013. Water St. revenue was less than 1.0% of total revenue through September 30, 2013. Management considers the Corporation to operate primarily in one reportable segment, banking. | |
Use of Estimates | ' |
Use of Estimates: To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in financial statements and the disclosures provided, and future results could differ. The allowance for loan losses, impairment of goodwill, fair values of financial instruments, deferred taxes and pension obligations are particularly subject to change. | |
Income Taxes | ' |
Income Taxes: Income tax expense is based on the effective tax rate expected to be applicable for the entire year. Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax basis of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. | |
Reclassifications | ' |
Reclassifications: Some items in the prior year financial statements were reclassified to conform to the current presentation. | |
Effect of Newly Issued but Not Yet Effective Accounting Standards | ' |
Effect of Newly Issued but Not Yet Effective Accounting Standards: | |
In February 2013, the FASB issued ASU 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date. The objective of the amendments in this Update is to provide guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. generally accepted accounting principles (GAAP). Examples of obligations within the scope of this Update include debt arrangements, other contractual obligations, and settled litigation and judicial rulings. U.S. GAAP does not include specific guidance on accounting for such obligations with joint and several liability, which has resulted in diversity in practice. Some entities record the entire amount under the joint and several liability arrangements on the basis of the concept of a liability and the guidance that must be met to extinguish a liability. Other entities record less than the total amount of the obligation, such as an amount allocated, an amount corresponding to the proceeds received, or the portion of the amount the entity agreed to pay among its co-obligors, on the basis of the guidance for contingent liabilities. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Adoption of this Update is not expected to have a significant impact on the Corporation’s financial statements. | |
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Management is currently investigating the potential impact of this Update to the Corporation’s financial statements. |
Securities_Tables
Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Available for Sale Securities | ' | ||||||||||||||||||||||||
The amortized cost and fair market value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 54,494 | $ | 120 | $ | (650 | ) | $ | 53,964 | ||||||||||||||||
Obligations of states and political subdivisions | 80,048 | 2,907 | (1,480 | ) | 81,475 | ||||||||||||||||||||
Mortgage-backed securities in government sponsored entities | 63,779 | 1,152 | (447 | ) | 64,484 | ||||||||||||||||||||
Total debt securities | 198,321 | 4,179 | (2,577 | ) | 199,923 | ||||||||||||||||||||
Equity securities in financial institutions | 481 | — | (48 | ) | 433 | ||||||||||||||||||||
Total | $ | 198,802 | $ | 4,179 | $ | (2,625 | ) | $ | 200,356 | ||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 53,919 | $ | 375 | $ | (8 | ) | $ | 54,286 | ||||||||||||||||
Obligations of states and political subdivisions | 72,884 | 6,946 | (24 | ) | 79,806 | ||||||||||||||||||||
Mortgage-backed securities in government sponsored entities | 67,814 | 1,854 | (233 | ) | 69,435 | ||||||||||||||||||||
Total debt securities | 194,617 | 9,175 | (265 | ) | 203,527 | ||||||||||||||||||||
Equity securities in financial institutions | 481 | — | (47 | ) | 434 | ||||||||||||||||||||
Total | $ | 195,098 | $ | 9,175 | $ | (312 | ) | $ | 203,961 | ||||||||||||||||
Fair Value of Securities Available for Sale by Contractual Maturity | ' | ||||||||||||||||||||||||
The fair value of securities at September 30, 2013, by contractual maturity, is shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Securities not due at a single maturity date, primarily mortgage-backed securities and equity securities, are shown separately. | |||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||
Due in one year or less | $ | 6,450 | $ | 6,478 | |||||||||||||||||||||
Due after one year through five years | 21,276 | 21,110 | |||||||||||||||||||||||
Due after five years through ten years | 32,826 | 33,144 | |||||||||||||||||||||||
Due after ten years | 73,990 | 74,707 | |||||||||||||||||||||||
Mortgage-backed securities | 63,779 | 64,484 | |||||||||||||||||||||||
Equity securities | 481 | 433 | |||||||||||||||||||||||
Total securities available for sale | $ | 198,802 | $ | 200,356 | |||||||||||||||||||||
Proceeds from Sales of Securities, Gross Realized Gains and Losses | ' | ||||||||||||||||||||||||
Proceeds from sales of securities, gross realized gains and gross realized losses were as follows. | |||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Sale proceeds | $ | 927 | $ | — | $ | 8,686 | $ | 12,982 | |||||||||||||||||
Gross realized gains | — | — | 144 | 99 | |||||||||||||||||||||
Gross realized losses | — | — | 89 | 59 | |||||||||||||||||||||
Gains from securities called or settled by the issuer | 80 | — | 83 | — | |||||||||||||||||||||
Securities with Unrealized Losses not Recognized in Income | ' | ||||||||||||||||||||||||
Securities with unrealized losses at September 30, 2013 and December 31, 2012 not recognized in income are as follows: | |||||||||||||||||||||||||
September 30, 2013 | 12 Months or less | More than 12 months | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Description of Securities | Value | Loss | Value | Loss | Value | Loss | |||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 32,170 | $ | (650 | ) | $ | — | $ | — | $ | 32,170 | $ | (650 | ) | |||||||||||
Obligations of states and political subdivisions | 25,519 | (1,480 | ) | — | — | 25,519 | (1,480 | ) | |||||||||||||||||
Mortgage-backed securities in gov’t sponsored entities | 22,329 | (441 | ) | 349 | (6 | ) | 22,678 | (447 | ) | ||||||||||||||||
Equity securities | 481 | (48 | ) | — | — | 481 | (48 | ) | |||||||||||||||||
Total temporarily impaired | $ | 80,499 | $ | (2,619 | ) | $ | 349 | $ | (6 | ) | $ | 80,848 | $ | (2,625 | ) | ||||||||||
December 31, 2012 | 12 Months or less | More than 12 months | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Description of Securities | Value | Loss | Value | Loss | Value | Loss | |||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 6,184 | $ | (8 | ) | $ | — | $ | — | $ | 6,184 | $ | (8 | ) | |||||||||||
Obligations of states and political subdivisions | 1,440 | (22 | ) | 465 | (2 | ) | 1,905 | (24 | ) | ||||||||||||||||
Mortgage-backed securities in gov’t sponsored entities | 7,907 | (215 | ) | 2,122 | (18 | ) | 10,029 | (233 | ) | ||||||||||||||||
Equity securities in financial institutions | 434 | (47 | ) | — | — | 434 | (47 | ) | |||||||||||||||||
Total temporarily impaired | $ | 15,965 | $ | (292 | ) | $ | 2,587 | $ | (20 | ) | $ | 18,552 | $ | (312 | ) | ||||||||||
Loans_Tables
Loans (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Summary of Loan Balances | ' | ||||||||
Loan balances were as follows: | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Commercial and agriculture | $ | 105,830 | $ | 100,661 | |||||
Commercial real estate | 431,733 | 434,808 | |||||||
Residential real estate | 244,393 | 250,598 | |||||||
Real estate construction | 26,661 | 19,677 | |||||||
Consumer and other | 10,954 | 9,809 | |||||||
Total loans | 819,571 | 815,553 | |||||||
Allowance for loan losses | (17,297 | ) | (19,742 | ) | |||||
Net loans | $ | 802,274 | $ | 795,811 | |||||
Allowance_for_Loan_Losses_Tabl
Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Allowance Related to Unallocated Segment | ' | ||||||||||||||||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
For the nine months ending September 30, 2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 2,811 | $ | 10,139 | $ | 5,780 | $ | 349 | $ | 246 | $ | 417 | $ | 19,742 | |||||||||||||||
Charge-offs | (301 | ) | (1,266 | ) | (2,579 | ) | (136 | ) | (183 | ) | — | (4,465 | ) | ||||||||||||||||
Recoveries | 123 | 257 | 364 | 107 | 69 | — | 920 | ||||||||||||||||||||||
Provision | 418 | (1,221 | ) | 1,312 | (160 | ) | 27 | 724 | 1,100 | ||||||||||||||||||||
Ending Balance | $ | 3,051 | $ | 7,909 | $ | 4,877 | $ | 160 | $ | 159 | $ | 1,141 | $ | 17,297 | |||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
For the nine months ending September 30, 2012 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 2,876 | $ | 10,571 | $ | 5,796 | $ | 974 | $ | 719 | $ | 321 | $ | 21,257 | |||||||||||||||
Charge-offs | (610 | ) | (2,463 | ) | (2,803 | ) | (297 | ) | (174 | ) | — | (6,347 | ) | ||||||||||||||||
Recoveries | 280 | 371 | 208 | 104 | 51 | — | 1,014 | ||||||||||||||||||||||
Provision | 23 | 2,748 | 2,758 | 284 | (343 | ) | 95 | 5,565 | |||||||||||||||||||||
Ending Balance | $ | 2,569 | $ | 11,227 | $ | 5,959 | $ | 1,065 | $ | 253 | $ | 416 | $ | 21,489 | |||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
For the three months ending September 30, 2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 3,775 | $ | 9,156 | $ | 5,169 | $ | 184 | $ | 149 | $ | 972 | $ | 19,405 | |||||||||||||||
Charge-offs | (210 | ) | (635 | ) | (1,558 | ) | (136 | ) | (61 | ) | — | (2,600 | ) | ||||||||||||||||
Recoveries | 62 | 34 | 63 | 1 | 32 | — | 192 | ||||||||||||||||||||||
Provision | (576 | ) | (646 | ) | 1,203 | 111 | 39 | 169 | 300 | ||||||||||||||||||||
Ending Balance | $ | 3,051 | $ | 7,909 | $ | 4,877 | $ | 160 | $ | 159 | $ | 1,141 | $ | 17,297 | |||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
For the three months ending September 30, 2012 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 2,537 | $ | 11,701 | $ | 6,379 | $ | 1,095 | $ | 262 | $ | (43 | ) | $ | 21,931 | ||||||||||||||
Charge-offs | (192 | ) | (824 | ) | (1,334 | ) | (192 | ) | (49 | ) | — | (2,591 | ) | ||||||||||||||||
Recoveries | 180 | 196 | 47 | (9 | ) | 35 | — | 449 | |||||||||||||||||||||
Provision | 44 | 154 | 867 | 171 | 5 | 459 | 1,700 | ||||||||||||||||||||||
Ending Balance | $ | 2,569 | $ | 11,227 | $ | 5,959 | $ | 1,065 | $ | 253 | $ | 416 | $ | 21,489 | |||||||||||||||
September 30, 2013 | Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,054 | $ | 454 | $ | 204 | $ | — | $ | 1 | $ | — | $ | 1,713 | |||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 1,997 | $ | 7,455 | $ | 4,673 | $ | 160 | $ | 158 | $ | 1,141 | $ | 15,584 | |||||||||||||||
Ending Balance | $ | 3,051 | $ | 7,909 | $ | 4,877 | $ | 160 | $ | 159 | $ | 1,141 | $ | 17,297 | |||||||||||||||
Loan balances outstanding: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,920 | $ | 9,813 | $ | 4,025 | $ | — | $ | 21 | $ | 17,779 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 101,910 | $ | 421,920 | $ | 240,368 | $ | 26,661 | $ | 10,933 | $ | 801,792 | |||||||||||||||||
Ending Balance | $ | 105,830 | $ | 431,733 | $ | 244,393 | $ | 26,661 | $ | 10,954 | $ | 819,571 | |||||||||||||||||
December 31, 2012 | Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | ||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 286 | $ | 2,354 | $ | 1,199 | $ | 107 | $ | 60 | $ | — | $ | 4,006 | |||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 2,525 | $ | 7,785 | $ | 4,581 | $ | 242 | $ | 186 | $ | 417 | $ | 15,736 | |||||||||||||||
Ending Balance | $ | 2,811 | $ | 10,139 | $ | 5,780 | $ | 349 | $ | 246 | $ | 417 | $ | 19,742 | |||||||||||||||
Loan balances outstanding: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 5,420 | $ | 13,941 | $ | 6,127 | $ | 541 | $ | 61 | $ | 26,090 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 95,241 | $ | 420,867 | $ | 244,471 | $ | 19,136 | $ | 9,748 | $ | 789,463 | |||||||||||||||||
Ending Balance | $ | 100,661 | $ | 434,808 | $ | 250,598 | $ | 19,677 | $ | 9,809 | $ | 815,553 | |||||||||||||||||
Credit Exposures by Internally Assigned Grades | ' | ||||||||||||||||||||||||||||
September 30, 2013 | Commercial | Commercial | Residential | Real Estate | Consumer | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
Pass | $ | 97,258 | $ | 406,253 | $ | 95,677 | $ | 22,295 | $ | 2,289 | $ | 623,772 | |||||||||||||||||
Special Mention | 2,804 | 7,714 | 996 | 21 | — | 11,535 | |||||||||||||||||||||||
Substandard | 5,768 | 17,766 | 10,289 | — | 90 | 33,913 | |||||||||||||||||||||||
Doubtful | — | — | — | — | — | — | |||||||||||||||||||||||
Ending Balance | $ | 105,830 | $ | 431,733 | $ | 106,962 | $ | 22,316 | $ | 2,379 | $ | 669,220 | |||||||||||||||||
December 31, 2012 | Commercial | Commercial | Residential | Real Estate | Consumer | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | ||||||||||||||||||||||||||
Pass | $ | 90,159 | $ | 397,657 | $ | 89,896 | $ | 16,594 | $ | 994 | $ | 595,300 | |||||||||||||||||
Special Mention | 1,653 | 6,371 | 1,944 | 352 | — | 10,320 | |||||||||||||||||||||||
Substandard | 8,849 | 30,780 | 12,873 | 1,001 | 106 | 53,609 | |||||||||||||||||||||||
Doubtful | — | — | — | — | — | — | |||||||||||||||||||||||
Ending Balance | $ | 100,661 | $ | 434,808 | $ | 104,713 | $ | 17,947 | $ | 1,100 | $ | 659,229 | |||||||||||||||||
Performing and Nonperforming Loans | ' | ||||||||||||||||||||||||||||
Certain TDRs are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months. | |||||||||||||||||||||||||||||
Residential | Real Estate | Consumer | Total | ||||||||||||||||||||||||||
Real Estate | Construction | ||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Performing | $ | 137,431 | $ | 4,345 | $ | 8,575 | $ | 150,351 | |||||||||||||||||||||
Nonperforming | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 137,431 | $ | 4,345 | $ | 8,575 | $ | 150,351 | |||||||||||||||||||||
Residential | Real Estate | Consumer | Total | ||||||||||||||||||||||||||
Real Estate | Construction | ||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
Performing | $ | 145,879 | $ | 1,730 | $ | 8,696 | $ | 156,305 | |||||||||||||||||||||
Nonperforming | 6 | — | 13 | 19 | |||||||||||||||||||||||||
Total | $ | 145,885 | $ | 1,730 | $ | 8,709 | $ | 156,324 | |||||||||||||||||||||
Aging Analysis of Past Due Loans | ' | ||||||||||||||||||||||||||||
The following tables includes an aging analysis of the recorded investment of past due loans outstanding as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
September 30, 2013 | 30-59 | 60-89 | 90 Days or | Total Past | Current | Total Loans | Past Due | ||||||||||||||||||||||
Days | Days | Greater | Due | 90 Days | |||||||||||||||||||||||||
Past Due | Past Due | and | |||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
Commericial & Agriculture | $ | — | $ | 4 | $ | 304 | $ | 308 | $ | 105,522 | $ | 105,830 | $ | — | |||||||||||||||
Commercial Real Estate | 271 | 653 | 2,929 | 3,853 | 427,880 | 431,733 | — | ||||||||||||||||||||||
Residential Real Estate | 733 | 393 | 5,412 | 6,538 | 237,855 | 244,393 | — | ||||||||||||||||||||||
Real Estate Construction | — | — | — | — | 26,661 | 26,661 | — | ||||||||||||||||||||||
Consumer | 60 | 8 | 25 | 93 | 10,861 | 10,954 | — | ||||||||||||||||||||||
Total | $ | 1,064 | $ | 1,058 | $ | 8,670 | $ | 10,792 | $ | 808,779 | $ | 819,571 | $ | — | |||||||||||||||
December 31, 2012 | 30-59 | 60-89 | 90 Days or | Total Past | Current | Total Loans | Past Due | ||||||||||||||||||||||
Days | Days | Greater | Due | 90 Days | |||||||||||||||||||||||||
Past Due | Past Due | and | |||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
Commericial & Agriculture | $ | 31 | $ | 72 | $ | 553 | $ | 656 | $ | 100,005 | $ | 100,661 | $ | — | |||||||||||||||
Commercial Real Estate | 1,000 | 533 | 6,794 | 8,327 | 426,481 | 434,808 | 80 | ||||||||||||||||||||||
Residential Real Estate | 2,843 | 1,214 | 8,527 | 12,584 | 238,014 | 250,598 | — | ||||||||||||||||||||||
Real Estate Construction | 43 | — | 416 | 459 | 19,218 | 19,677 | — | ||||||||||||||||||||||
Consumer | 127 | 20 | 29 | 176 | 9,633 | 9,809 | — | ||||||||||||||||||||||
Total | $ | 4,044 | $ | 1,839 | $ | 16,319 | $ | 22,202 | $ | 793,351 | $ | 815,553 | $ | 80 | |||||||||||||||
Summary of Nonaccrual Loans | ' | ||||||||||||||||||||||||||||
The following table presents loans on nonaccrual status as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Commericial & Agriculture | $ | 1,599 | $ | 2,869 | |||||||||||||||||||||||||
Commercial Real Estate | 9,562 | 16,250 | |||||||||||||||||||||||||||
Residential Real Estate | 9,458 | 9,701 | |||||||||||||||||||||||||||
Real Estate Construction | — | 958 | |||||||||||||||||||||||||||
Consumer | 75 | 77 | |||||||||||||||||||||||||||
Total | $ | 20,694 | $ | 29,855 | |||||||||||||||||||||||||
Schedule of Troubled Debt Restructurings | ' | ||||||||||||||||||||||||||||
Loan modifications that are considered TDRs completed during the nine month periods ended September 30, 2013 and September 30, 2012 were as follows: | |||||||||||||||||||||||||||||
For the Nine-Month Period Ended | For the Nine-Month Period Ended | ||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||||||||||||||
Number | Pre-Modification | Post- | Number | Pre-Modification | Post- | ||||||||||||||||||||||||
of | Outstanding | Modification | of | Outstanding | Modification | ||||||||||||||||||||||||
Contracts | Recorded | Outstanding | Contracts | Recorded | Outstanding | ||||||||||||||||||||||||
Investment | Recorded | Investment | Recorded | ||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commericial & Agriculture | — | $ | — | $ | — | 6 | $ | 983 | $ | 976 | |||||||||||||||||||
Commercial Real Estate | 2 | 547 | 547 | 3 | 1,206 | 1,206 | |||||||||||||||||||||||
Residential Real Estate | — | — | — | 21 | 1,250 | 1,171 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer and Other | — | — | — | 5 | 66 | 66 | |||||||||||||||||||||||
Total Loan Modifications | 2 | $ | 547 | $ | 547 | 35 | $ | 3,505 | $ | 3,419 | |||||||||||||||||||
Loan modifications that are considered TDRs completed during the quarter ended September 30, 2013 and September 30, 2012 were as follows: | |||||||||||||||||||||||||||||
For the Three-Month Period Ended | For the Three-Month Period Ended | ||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||||||||||||||
Number | Pre-Modification | Post- | Number | Pre-Modification | Post- | ||||||||||||||||||||||||
of | Outstanding | Modification | of | Outstanding | Modification | ||||||||||||||||||||||||
Contracts | Recorded | Outstanding | Contracts | Recorded | Outstanding | ||||||||||||||||||||||||
Investment | Recorded | Investment | Recorded | ||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commericial & Agriculture | — | $ | — | $ | — | 2 | $ | 197 | $ | 497 | |||||||||||||||||||
Commercial Real Estate | 1 | 422 | 422 | — | — | — | |||||||||||||||||||||||
Residential Real Estate | — | — | — | 1 | 385 | 385 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer and Other | — | — | — | 1 | 19 | 19 | |||||||||||||||||||||||
Total Loan Modifications | 1 | $ | 422 | $ | 422 | 4 | $ | 601 | $ | 901 | |||||||||||||||||||
Impaired Financing Receivables | ' | ||||||||||||||||||||||||||||
The following tables include the recorded investment and unpaid principal balances for impaired financing receivables with the associated allowance amount, if applicable, as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Agriculture | $ | 1,206 | $ | 1,326 | $ | — | $ | 5,053 | $ | 5,226 | $ | — | |||||||||||||||||
Commercial Real Estate | 5,341 | 6,260 | — | 5,446 | 8,114 | — | |||||||||||||||||||||||
Residential Real Estate | 3,049 | 5,108 | — | 2,566 | 5,346 | — | |||||||||||||||||||||||
Real Estate Construction | — | — | — | — | 521 | — | |||||||||||||||||||||||
Consumer and Other | — | — | — | 1 | 1 | — | |||||||||||||||||||||||
Total | 9,596 | 12,694 | — | 13,066 | 19,208 | — | |||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Agriculture | 2,714 | 3,031 | 1,054 | 367 | 385 | 286 | |||||||||||||||||||||||
Commercial Real Estate | 4,472 | 4,755 | 454 | 8,495 | 8,681 | 2,354 | |||||||||||||||||||||||
Residential Real Estate | 976 | 1,003 | 204 | 3,561 | 4,554 | 1,199 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | 541 | 547 | 107 | |||||||||||||||||||||||
Consumer and Other | 21 | 21 | 1 | 60 | 60 | 60 | |||||||||||||||||||||||
Total | 8,183 | 8,810 | 1,713 | 13,024 | 14,227 | 4,006 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commercial & Agriculture | 3,920 | 4,357 | 1,054 | 5,420 | 5,611 | 286 | |||||||||||||||||||||||
Commercial Real Estate | 9,813 | 11,015 | 454 | 13,941 | 16,795 | 2,354 | |||||||||||||||||||||||
Residential Real Estate | 4,025 | 6,111 | 204 | 6,127 | 9,900 | 1,199 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | 541 | 1,068 | 107 | |||||||||||||||||||||||
Consumer and Other | 21 | 21 | 1 | 61 | 61 | 60 | |||||||||||||||||||||||
Total | $ | 17,779 | $ | 21,504 | $ | 1,713 | $ | 26,090 | $ | 33,435 | $ | 4,006 | |||||||||||||||||
The following tables include the average recorded investment and interest income recognized for impaired financing receivables for the three-month and nine-month periods ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||
For the nine months ended: | September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
Commercial & Agriculture | $ | 4,984 | $ | 156 | $ | 4,631 | $ | 205 | |||||||||||||||||||||
Commercial Real Estate | 12,328 | 438 | 17,060 | 995 | |||||||||||||||||||||||||
Residential Real Estate | 5,324 | 287 | 4,628 | 391 | |||||||||||||||||||||||||
Real Estate Construction | 377 | — | 531 | 11 | |||||||||||||||||||||||||
Consumer and Other | 35 | — | 28 | 1 | |||||||||||||||||||||||||
Total | $ | 23,048 | $ | 881 | $ | 26,878 | $ | 1,603 | |||||||||||||||||||||
For the three months ended: | September 30, 2013 | September 30, 2012 | |||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
Commercial & Agriculture | $ | 4,504 | $ | 25 | $ | 5,366 | $ | 26 | |||||||||||||||||||||
Commercial Real Estate | 11,237 | 29 | 16,448 | 329 | |||||||||||||||||||||||||
Residential Real Estate | 4,773 | 18 | 5,227 | 145 | |||||||||||||||||||||||||
Real Estate Construction | 240 | (11 | ) | 608 | 11 | ||||||||||||||||||||||||
Consumer and Other | 21 | — | 54 | 1 | |||||||||||||||||||||||||
Total | $ | 20,775 | $ | 61 | $ | 27,703 | $ | 512 | |||||||||||||||||||||
Other_Comprehensive_Income_Tab
Other Comprehensive Income (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||
Changes in Each Component of Accumulated Other Comprehensive Loss, Net of Tax | ' | ||||||||||||||||||||||||
The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the three-month and nine-month periods ended September 30, 2013: | |||||||||||||||||||||||||
For the Three-Month Period Ended | For the Nine-Month Period Ended | ||||||||||||||||||||||||
September 30, 2013 | September 30, 2013 | ||||||||||||||||||||||||
Unrealized | Defined | Total | Unrealized | Defined | Total | ||||||||||||||||||||
Gains and | Benefit | Gains and | Benefit | ||||||||||||||||||||||
Losses on | Pension | Losses on | Pension | ||||||||||||||||||||||
Available-for- | Items | Available-for- | Items | ||||||||||||||||||||||
Sale | Sale | ||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||
Beginning balance | $ | 1,662 | $ | (7,273 | ) | $ | (5,611 | ) | $ | 5,849 | $ | (7,496 | ) | $ | (1,647 | ) | |||||||||
Other comprehensive loss before reclassifications | (585 | ) | — | (585 | ) | (4,734 | ) | — | (4,734 | ) | |||||||||||||||
Amounts reclassified from accumulated other comprehensive loss | (53 | ) | 119 | 66 | (91 | ) | 342 | 251 | |||||||||||||||||
Net current-period other comprehensive income (loss) | (638 | ) | 119 | (519 | ) | (4,825 | ) | 342 | (4,483 | ) | |||||||||||||||
Ending balance | $ | 1,024 | $ | (7,154 | ) | $ | (6,130 | ) | $ | 1,024 | $ | (7,154 | ) | $ | (6,130 | ) | |||||||||
Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Loss | ' | ||||||||||||||||||||||||
The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss for the three-month and nine-month periods ended September 30, 2013: | |||||||||||||||||||||||||
Amout Reclassified from | |||||||||||||||||||||||||
Accumulated Other | |||||||||||||||||||||||||
Comprehensive Loss (a) | |||||||||||||||||||||||||
Details about Accumulated Other | For the three | For the nine | Affected Line Item in the | ||||||||||||||||||||||
Comprehensive Income (Loss) Components | months ended | months ended | Statement Where Net Income is Presented | ||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2013 | ||||||||||||||||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 80 | $ | 138 | Net gain on sale of securities | ||||||||||||||||||||
80 | 138 | Total before tax | |||||||||||||||||||||||
Tax effect | (27 | ) | (47 | ) | Income tax expense | ||||||||||||||||||||
53 | 91 | Net of tax | |||||||||||||||||||||||
Amortization of defined benefit pension items | |||||||||||||||||||||||||
Actuarial gains/(losses) | (180 | )(b) | (518 | )(b) | Salaries, wages and benefits | ||||||||||||||||||||
(180 | ) | (518 | ) | Total before tax | |||||||||||||||||||||
Tax effect | 61 | 176 | Income tax expense | ||||||||||||||||||||||
(119 | ) | (342 | ) | Net of tax | |||||||||||||||||||||
Total reclassifications for the period | $ | (66 | ) | $ | (251 | ) | Net of tax | ||||||||||||||||||
(a) | Amounts in parentheses indicate debits to profit/loss. | ||||||||||||||||||||||||
(b) | These accumulated other comprehensive income components are included in the computation of net periodic pension cost. |
Earnings_per_Common_Share_Tabl
Earnings per Common Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Computation of Basic and Diluted Earnings per Common Share | ' | ||||||||||||||||
Basic earnings per share are net income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under stock options, computed using the treasury stock method. | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Basic | |||||||||||||||||
Net income | $ | 1,566 | $ | 1,384 | $ | 5,136 | $ | 3,613 | |||||||||
Preferred stock dividends and discount accretion | 289 | 316 | 869 | 903 | |||||||||||||
Net income available to common shareholders | $ | 1,277 | $ | 1,068 | $ | 4,267 | $ | 2,710 | |||||||||
Weighted average common shares outstanding | 7,707,917 | 7,707,917 | 7,707,917 | 7,707,917 | |||||||||||||
Basic earnings per common share | $ | 0.17 | $ | 0.14 | $ | 0.55 | $ | 0.35 | |||||||||
Diluted | |||||||||||||||||
Net income | $ | 1,566 | $ | 1,384 | $ | 5,136 | $ | 3,613 | |||||||||
Preferred stock dividends and discount accretion | 289 | 316 | 869 | 903 | |||||||||||||
Net income available to common shareholders | $ | 1,277 | $ | 1,068 | $ | 4,267 | $ | 2,710 | |||||||||
Weighted average common shares outstanding for basic earnings per common share | 7,707,917 | 7,707,917 | 7,707,917 | 7,707,917 | |||||||||||||
Add: Dilutive effects of assumed exercises of stock options and warrants | — | — | — | — | |||||||||||||
Average shares and dilutive potential common shares outstanding | 7,707,917 | 7,707,917 | 7,707,917 | 7,707,917 | |||||||||||||
Diluted earnings per common share | $ | 0.17 | $ | 0.14 | $ | 0.55 | $ | 0.35 | |||||||||
Commitments_Contingencies_and_1
Commitments, Contingencies and Off-Balance Sheet Risk (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||||||||||
Contractual Amount of Financial Instruments with Off-Balance-Sheet Risk | ' | ||||||||||||||||
The contractual amounts of financial instruments with off-balance-sheet risk were as follows for September 30, 2013 and December 31, 2012: | |||||||||||||||||
Contract Amount | |||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||
Fixed | Variable | Fixed | Variable | ||||||||||||||
Rate | Rate | Rate | Rate | ||||||||||||||
Commitment to extend credit: | |||||||||||||||||
Lines of credit and construction loans | $ | 6,618 | $ | 159,489 | $ | 9,378 | $ | 118,182 | |||||||||
Overdraft protection | 31 | 20,629 | 51 | 19,726 | |||||||||||||
Letters of credit | 200 | 2,236 | 294 | 396 | |||||||||||||
$ | 6,849 | $ | 182,354 | $ | 9,723 | $ | 138,304 | ||||||||||
Pension_Information_Tables
Pension Information (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Components of Net Periodic Pension Expense | ' | ||||||||||||||||
Net periodic pension expense was as follows: | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Service cost | $ | 310 | $ | 235 | $ | 893 | $ | 704 | |||||||||
Interest cost | 228 | 229 | 656 | 686 | |||||||||||||
Expected return on plan assets | (249 | ) | (215 | ) | (716 | ) | (644 | ) | |||||||||
Other components | 180 | 90 | 518 | 270 | |||||||||||||
Net periodic pension cost | $ | 469 | $ | 339 | $ | 1,351 | $ | 1,016 | |||||||||
Stock_Options_Tables
Stock Options (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||
Summary of Activity in Stock Option Plan | ' | ||||||||||||||||
A summary of the activity in the plan is as follows: | |||||||||||||||||
Nine months ended | Nine months ended | ||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||
Total options | Total options | ||||||||||||||||
outstanding | outstanding | ||||||||||||||||
Weighted | Weighted | ||||||||||||||||
Average | Average | ||||||||||||||||
Price | Price | ||||||||||||||||
Shares | Per Share | Shares | Per Share | ||||||||||||||
Outstanding at beginning of year | 10,000 | $ | 35 | 29,500 | $ | 25.42 | |||||||||||
Granted | — | — | — | — | |||||||||||||
Exercised | — | — | — | — | |||||||||||||
Forfeited | — | — | — | — | |||||||||||||
Expired | (10,000 | ) | 35 | (19,500 | ) | 20.5 | |||||||||||
Options outstanding, end of period | — | $ | — | 10,000 | $ | 35 | |||||||||||
Options exercisable, end of period | — | $ | — | 10,000 | $ | 35 | |||||||||||
Fair_Value_Measurement_Tables
Fair Value Measurement (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Assets Measured at Fair Value | ' | ||||||||||||||||||||
Assets measured at fair value are summarized below. | |||||||||||||||||||||
Fair Value Measurements at | |||||||||||||||||||||
September 30, 2013 Using: | |||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Assets measured at fair value on a recurring basis: | |||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. Government agencies | $ | — | $ | 53,964 | $ | — | |||||||||||||||
Obligations of states and political subdivisions | — | 81,475 | — | ||||||||||||||||||
Mortgage-backed securities in government sponsored entities | — | 64,484 | — | ||||||||||||||||||
Equity securities in financial institutions | — | 433 | — | ||||||||||||||||||
Assets measured at fair value on a nonrecurring basis: | |||||||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 16,066 | |||||||||||||||
Other real estate owned | — | — | 158 | ||||||||||||||||||
Fair Value Measurements at | |||||||||||||||||||||
December 31, 2012 Using: | |||||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Assets measured at fair value on a recurring basis: | |||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. Government agencies | $ | — | $ | 54,286 | $ | — | |||||||||||||||
Obligations of states and political subdivisions | — | 79,338 | 468 | ||||||||||||||||||
Mortgage-backed securities in government sponsored entities | — | 69,435 | — | ||||||||||||||||||
Equity securities in financial institutions | — | 434 | — | ||||||||||||||||||
Assets measured at fair value on a nonrecurring basis: | |||||||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 22,084 | |||||||||||||||
Other real estate owned | — | — | 471 | ||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | ' | ||||||||||||||||||||
The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at September 30, 2013. | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
September 30, 2013 | Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||||
Estimate | |||||||||||||||||||||
Impaired loans | $ | 16,066 | Appraisal of collateral | Appraisal adjustments | 10% - 30% | ||||||||||||||||
Liquidation expense | 0% - 10% | ||||||||||||||||||||
Holding period | 0 -30 months | ||||||||||||||||||||
Discounted cash flows | Discount rates | 3.8% - 8.3% | |||||||||||||||||||
Other real estate owned | $ | 158 | Appraisal of collateral | Appraisal adjustments | 10% - 30% | ||||||||||||||||
Liquidation expense | 0% - 10% | ||||||||||||||||||||
The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2012. | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
December 31, 2012 | Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||||
Estimate | |||||||||||||||||||||
Obligations of states and political subdivisions | $ | 468 | Appraisal of collateral | Appraisal adjustments | 20% - 30% | ||||||||||||||||
Liquidation expense | 8% - 12% | ||||||||||||||||||||
Impaired loans | $ | 22,084 | Appraisal of collateral | Appraisal adjustments | 10% - 30% | ||||||||||||||||
Liquidation expense | 0% - 10% | ||||||||||||||||||||
Holding period | 0 -30 months | ||||||||||||||||||||
Discounted cash flows | Discount rates | 2% - 8.5% | |||||||||||||||||||
Other real estate owned | $ | 471 | Appraisal of collateral | Appraisal adjustments | 10% - 30% | ||||||||||||||||
Liquidation expense | 0% - 10% | ||||||||||||||||||||
Summary of Changes in Level 3 Fair-Value Category in Securities Available for Sale | ' | ||||||||||||||||||||
The following table presents the changes in the Level 3 fair-value category for the period ended September 30, 2013. The Corporation classifies financial instruments in Level 3 of the fair value hierarchy when there is reliance on at least one significant unobservable input to the valuation model. In addition to the unobservable inputs, the valuation models for Level 3 financial instruments typically also rely on a number of inputs that are readily observable, either directly or indirectly. | |||||||||||||||||||||
Securities available for sale | |||||||||||||||||||||
Beginning balance January 1, 2013 | $ | 468 | |||||||||||||||||||
Settlements | (468 | ) | |||||||||||||||||||
Ending balance September 30, 2013 | $ | — | |||||||||||||||||||
Carrying Amount and Fair Values of Financial Instruments | ' | ||||||||||||||||||||
The carrying amount and fair values of financial instruments are as follows. | |||||||||||||||||||||
September 30, 2013 | Carrying | Total Fair | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Amount | Value | ||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and due from financial institutions | $ | 50,093 | $ | 50,093 | $ | 50,093 | $ | — | $ | — | |||||||||||
Securities available for sale | 200,356 | 200,356 | — | 200,356 | — | ||||||||||||||||
Other securities | 15,433 | 15,433 | 15,433 | — | — | ||||||||||||||||
Loans, available for sale | 4,891 | 4,891 | 4,891 | — | — | ||||||||||||||||
Loans, net of allowance for loan losses | 802,274 | 821,717 | — | — | 821,717 | ||||||||||||||||
Bank owned life insurance | 19,013 | 19,013 | 19,013 | — | — | ||||||||||||||||
Accrued interest receivable | 4,540 | 4,540 | 4,540 | — | — | ||||||||||||||||
Mortgage servicing rights | 454 | 454 | — | — | 454 | ||||||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Nonmaturing deposits | 702,215 | 702,215 | 702,215 | — | — | ||||||||||||||||
Time deposits | 240,243 | 242,067 | — | — | 242,067 | ||||||||||||||||
Federal Home Loan Bank advances | 37,735 | 38,710 | — | — | 38,710 | ||||||||||||||||
Securities sold under agreement to repurchase | 20,810 | 20,810 | 20,810 | — | — | ||||||||||||||||
Subordinated debentures | 29,427 | 21,412 | — | — | 21,412 | ||||||||||||||||
Accrued interest payable | 159 | 159 | 159 | — | — | ||||||||||||||||
December 31, 2012 | Carrying | Total Fair | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Amount | Value | ||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and due from financial institutions | $ | 46,131 | $ | 46,131 | $ | 46,131 | $ | — | $ | — | |||||||||||
Securities available for sale | 203,961 | 203,961 | — | 203,493 | 468 | ||||||||||||||||
Other securities | 15,567 | 15,567 | 15,567 | — | — | ||||||||||||||||
Loans, available for sale | 1,873 | 1,873 | 1,873 | — | — | ||||||||||||||||
Loans, net of allowance for loan losses | 795,811 | 812,950 | — | — | 812,950 | ||||||||||||||||
Bank owned life insurance | 18,590 | 18,590 | 18,590 | — | — | ||||||||||||||||
Accrued interest receivable | 3,709 | 3,709 | 3,709 | — | — | ||||||||||||||||
Mortgage servicing rights | 308 | 308 | — | — | 308 | ||||||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Nonmaturing deposits | 662,387 | 662,387 | 662,387 | — | — | ||||||||||||||||
Time deposits | 264,002 | 265,974 | — | — | 265,974 | ||||||||||||||||
Federal Home Loan Bank advances | 40,261 | 41,658 | — | — | 41,658 | ||||||||||||||||
Securities sold under agreement to repurchase | 23,219 | 23,219 | 23,219 | — | — | ||||||||||||||||
Subordinated debentures | 29,427 | 26,855 | — | — | 26,855 | ||||||||||||||||
Accrued interest payable | 185 | 185 | 185 | — | — |
Consolidated_Financial_Stateme2
Consolidated Financial Statements - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items] | ' |
Percentage of insurance commission revenue of total revenue | 'less than 1.0% |
Water St. [Member] | ' |
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items] | ' |
Percentage of insurance commission revenue of total revenue | 'less than 1.0% |
Number of reportable segment | 1 |
Securities_Available_for_Sale_
Securities - Available for Sale Securities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $198,802 | $195,098 |
Gross Unrealized Gains | 4,179 | 9,175 |
Gross Unrealized Losses | -2,625 | -312 |
Total securities available for sale, Fair Value | 200,356 | 203,961 |
U.S. Treasury Securities and Obligations of U.S. Government Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 54,494 | 53,919 |
Gross Unrealized Gains | 120 | 375 |
Gross Unrealized Losses | -650 | -8 |
Total securities available for sale, Fair Value | 53,964 | 54,286 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 80,048 | 72,884 |
Gross Unrealized Gains | 2,907 | 6,946 |
Gross Unrealized Losses | -1,480 | -24 |
Total securities available for sale, Fair Value | 81,475 | 79,806 |
Mortgage-backed Securities in Government Sponsored Entities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 63,779 | 67,814 |
Gross Unrealized Gains | 1,152 | 1,854 |
Gross Unrealized Losses | -447 | -233 |
Total securities available for sale, Fair Value | 64,484 | 69,435 |
Total Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 198,321 | 194,617 |
Gross Unrealized Gains | 4,179 | 9,175 |
Gross Unrealized Losses | -2,577 | -265 |
Total securities available for sale, Fair Value | 199,923 | 203,527 |
Equity Securities in Financial Institutions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 481 | 481 |
Gross Unrealized Gains | ' | ' |
Gross Unrealized Losses | -48 | -47 |
Total securities available for sale, Fair Value | $433 | $434 |
Securities_Fair_Value_of_Secur
Securities - Fair Value of Securities Available for Sale by Contractual Maturity (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investments Debt And Equity Securities [Abstract] | ' | ' |
Due in one year or less, Amortized Cost | $6,450 | ' |
Due after one year through five years, Amortized Cost | 21,276 | ' |
Due after five years through ten years, Amortized Cost | 32,826 | ' |
Due after ten years, Amortized Cost | 73,990 | ' |
Mortgage-backed securities, Amortized Cost | 63,779 | ' |
Equity securities, Amortized Cost | 481 | ' |
Total securities available for sale, Amortized Cost | 198,802 | 195,098 |
Due in one year or less, Fair Value | 6,478 | ' |
Due after one year through five years, Fair Value | 21,110 | ' |
Due after five years through ten years, Fair Value | 33,144 | ' |
Due after ten years, Fair Value | 74,707 | ' |
Mortgage-backed securities, Fair Value | 64,484 | ' |
Equity securities, Fair Value | 433 | ' |
Total securities available for sale, Fair Value | $200,356 | $203,961 |
Securities_Proceeds_from_Sales
Securities - Proceeds from Sales of Securities, Gross Realized Gains and Losses (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' | ' | ' |
Sale proceeds | $927 | ' | $8,686 | $12,982 |
Gross realized gains | ' | ' | 144 | 99 |
Gross realized losses | ' | ' | 89 | 59 |
Gains from securities called or settled by the issuer | $80 | ' | $83 | ' |
Securities_Additional_Informat
Securities - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Security | |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' |
Carrying value of pledged securities | $150,873 | $147,204 |
Number of securities in portfolio with unrealized losses | 74 | ' |
Securities_Securities_with_Unr
Securities - Securities with Unrealized Losses not Recognized in Income (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
12 Months or less, Fair Value | $80,499 | $15,965 |
12 Months or less, Unrealized Loss | -2,619 | -292 |
More than 12 months, Fair Value | 349 | 2,587 |
More than 12 months, Unrealized Loss | -6 | -20 |
Total Fair Value | 80,848 | 18,552 |
Total Unrealized Loss | -2,625 | -312 |
U.S. Treasury Securities and Obligations of U.S. Government Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
12 Months or less, Fair Value | 32,170 | 6,184 |
12 Months or less, Unrealized Loss | -650 | -8 |
More than 12 months, Fair Value | ' | ' |
More than 12 months, Unrealized Loss | ' | ' |
Total Fair Value | 32,170 | 6,184 |
Total Unrealized Loss | -650 | -8 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
12 Months or less, Fair Value | 25,519 | 1,440 |
12 Months or less, Unrealized Loss | -1,480 | -22 |
More than 12 months, Fair Value | ' | 465 |
More than 12 months, Unrealized Loss | ' | -2 |
Total Fair Value | 25,519 | 1,905 |
Total Unrealized Loss | -1,480 | -24 |
Mortgage-backed Securities in Government Sponsored Entities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
12 Months or less, Fair Value | 22,329 | 7,907 |
12 Months or less, Unrealized Loss | -441 | -215 |
More than 12 months, Fair Value | 349 | 2,122 |
More than 12 months, Unrealized Loss | -6 | -18 |
Total Fair Value | 22,678 | 10,029 |
Total Unrealized Loss | -447 | -233 |
Equity Securities in Financial Institutions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
12 Months or less, Fair Value | 481 | 434 |
12 Months or less, Unrealized Loss | -48 | -47 |
More than 12 months, Fair Value | ' | ' |
More than 12 months, Unrealized Loss | ' | ' |
Total Fair Value | 481 | 434 |
Total Unrealized Loss | ($48) | ($47) |
Loans_Summary_of_Loan_Balances
Loans - Summary of Loan Balances (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | $819,571 | $815,553 |
Allowance for loan losses | -17,297 | -19,742 |
Net loans | 802,274 | 795,811 |
Commercial and Agriculture [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 105,830 | 100,661 |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 431,733 | 434,808 |
Residential Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 244,393 | 250,598 |
Real Estate Construction [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 26,661 | 19,677 |
Consumer and Other [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | $10,954 | $9,809 |
Allowance_for_Loan_Losses_Addi
Allowance for Loan Losses - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
SecurityLoan | SecurityLoan | SecurityLoan | SecurityLoan | ||
Receivables [Abstract] | ' | ' | ' | ' | ' |
Historical loss percentage period for portfolio segments | ' | ' | '3 years | ' | ' |
Adequate allowance for loan losses | $17,297 | ' | $17,297 | ' | $19,742 |
Number of days past due for loans to be considered as nonperforming | ' | ' | '90 days | ' | ' |
Reasonable period for nonperforming TDRs to be returned to performing status | ' | ' | '6 months | ' | ' |
Number of days reaching where loans are considered for nonaccrual status | ' | ' | '90 days | ' | ' |
Defaulted loans | 0 | 0 | 2 | 0 | ' |
Loans | ' | ' | $66 | ' | ' |
Impaired loans | 'Greater than $500 | ' | 'Greater than $500 | ' | ' |
Due days for testing impairment | ' | ' | '60 days | ' | ' |
Allowance_for_Loan_Losses_Allo
Allowance for Loan Losses - Allowance Related to Unallocated Segment (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Beginning balance | $19,405 | $21,931 | $19,742 | $21,257 | ' |
Charge-offs | -2,600 | -2,591 | -4,465 | -6,347 | ' |
Recoveries | 192 | 449 | 920 | 1,014 | ' |
Provision | 300 | 1,700 | 1,100 | 5,565 | ' |
Ending Balance | 17,297 | 21,489 | 17,297 | 21,489 | ' |
Individually evaluated for impairment | 1,713 | ' | 1,713 | ' | 4,006 |
Collectively evaluated for impairment | 15,584 | ' | 15,584 | ' | 15,736 |
Ending Balance | 17,297 | 21,489 | 17,297 | 21,489 | ' |
Loan balances outstanding: | ' | ' | ' | ' | ' |
Financing Receivable, Individually evaluated for impairment | 17,779 | ' | 17,779 | ' | 26,090 |
Financing Receivable, Collectively evaluated for impairment | 801,792 | ' | 801,792 | ' | 789,463 |
Ending Balance | 819,571 | ' | 819,571 | ' | 815,553 |
Commercial and Agriculture [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Beginning balance | 3,775 | 2,537 | 2,811 | 2,876 | ' |
Charge-offs | -210 | -192 | -301 | -610 | ' |
Recoveries | 62 | 180 | 123 | 280 | ' |
Provision | -576 | 44 | 418 | 23 | ' |
Ending Balance | 3,051 | 2,569 | 3,051 | 2,569 | ' |
Individually evaluated for impairment | 1,054 | ' | 1,054 | ' | 286 |
Collectively evaluated for impairment | 1,997 | ' | 1,997 | ' | 2,525 |
Ending Balance | 3,051 | 2,569 | 3,051 | 2,569 | ' |
Loan balances outstanding: | ' | ' | ' | ' | ' |
Financing Receivable, Individually evaluated for impairment | 3,920 | ' | 3,920 | ' | 5,420 |
Financing Receivable, Collectively evaluated for impairment | 101,910 | ' | 101,910 | ' | 95,241 |
Ending Balance | 105,830 | ' | 105,830 | ' | 100,661 |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Beginning balance | 9,156 | 11,701 | 10,139 | 10,571 | ' |
Charge-offs | -635 | -824 | -1,266 | -2,463 | ' |
Recoveries | 34 | 196 | 257 | 371 | ' |
Provision | -646 | 154 | -1,221 | 2,748 | ' |
Ending Balance | 7,909 | 11,227 | 7,909 | 11,227 | ' |
Individually evaluated for impairment | 454 | ' | 454 | ' | 2,354 |
Collectively evaluated for impairment | 7,455 | ' | 7,455 | ' | 7,785 |
Ending Balance | 7,909 | 11,227 | 7,909 | 11,227 | ' |
Loan balances outstanding: | ' | ' | ' | ' | ' |
Financing Receivable, Individually evaluated for impairment | 9,813 | ' | 9,813 | ' | 13,941 |
Financing Receivable, Collectively evaluated for impairment | 421,920 | ' | 421,920 | ' | 420,867 |
Ending Balance | 431,733 | ' | 431,733 | ' | 434,808 |
Residential Real Estate [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Beginning balance | 5,169 | 6,379 | 5,780 | 5,796 | ' |
Charge-offs | -1,558 | -1,334 | -2,579 | -2,803 | ' |
Recoveries | 63 | 47 | 364 | 208 | ' |
Provision | 1,203 | 867 | 1,312 | 2,758 | ' |
Ending Balance | 4,877 | 5,959 | 4,877 | 5,959 | ' |
Individually evaluated for impairment | 204 | ' | 204 | ' | 1,199 |
Collectively evaluated for impairment | 4,673 | ' | 4,673 | ' | 4,581 |
Ending Balance | 4,877 | 5,959 | 4,877 | 5,959 | ' |
Loan balances outstanding: | ' | ' | ' | ' | ' |
Financing Receivable, Individually evaluated for impairment | 4,025 | ' | 4,025 | ' | 6,127 |
Financing Receivable, Collectively evaluated for impairment | 240,368 | ' | 240,368 | ' | 244,471 |
Ending Balance | 244,393 | ' | 244,393 | ' | 250,598 |
Real Estate Construction [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Beginning balance | 184 | 1,095 | 349 | 974 | ' |
Charge-offs | -136 | -192 | -136 | -297 | ' |
Recoveries | 1 | -9 | 107 | 104 | ' |
Provision | 111 | 171 | -160 | 284 | ' |
Ending Balance | 160 | 1,065 | 160 | 1,065 | ' |
Individually evaluated for impairment | ' | ' | ' | ' | 107 |
Collectively evaluated for impairment | 160 | ' | 160 | ' | 242 |
Ending Balance | 160 | 1,065 | 160 | 1,065 | ' |
Loan balances outstanding: | ' | ' | ' | ' | ' |
Financing Receivable, Individually evaluated for impairment | ' | ' | ' | ' | 541 |
Financing Receivable, Collectively evaluated for impairment | 26,661 | ' | 26,661 | ' | 19,136 |
Ending Balance | 26,661 | ' | 26,661 | ' | 19,677 |
Consumer [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Beginning balance | 149 | 262 | 246 | 719 | ' |
Charge-offs | -61 | -49 | -183 | -174 | ' |
Recoveries | 32 | 35 | 69 | 51 | ' |
Provision | 39 | 5 | 27 | -343 | ' |
Ending Balance | 159 | 253 | 159 | 253 | ' |
Individually evaluated for impairment | 1 | ' | 1 | ' | 60 |
Collectively evaluated for impairment | 158 | ' | 158 | ' | 186 |
Ending Balance | 159 | 253 | 159 | 253 | ' |
Loan balances outstanding: | ' | ' | ' | ' | ' |
Financing Receivable, Individually evaluated for impairment | 21 | ' | 21 | ' | 61 |
Financing Receivable, Collectively evaluated for impairment | 10,933 | ' | 10,933 | ' | 9,748 |
Ending Balance | 10,954 | ' | 10,954 | ' | 9,809 |
Unallocated [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Beginning balance | 972 | -43 | 417 | 321 | ' |
Charge-offs | ' | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' | ' |
Provision | 169 | 459 | 724 | 95 | ' |
Ending Balance | 1,141 | 416 | 1,141 | 416 | ' |
Individually evaluated for impairment | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | 1,141 | ' | 1,141 | ' | 417 |
Ending Balance | 1,141 | 416 | 1,141 | 416 | ' |
Loan balances outstanding: | ' | ' | ' | ' | ' |
Financing Receivable, Individually evaluated for impairment | ' | ' | ' | ' | ' |
Financing Receivable, Collectively evaluated for impairment | ' | ' | ' | ' | ' |
Ending Balance | ' | ' | ' | ' | ' |
Allowance_for_Loan_Losses_Cred
Allowance for Loan Losses - Credit Exposures by Internally Assigned Grades (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | $669,220 | $659,229 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 623,772 | 595,300 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 11,535 | 10,320 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 33,913 | 53,609 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | ' | ' |
Commercial and Agriculture [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 105,830 | 100,661 |
Commercial and Agriculture [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 97,258 | 90,159 |
Commercial and Agriculture [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 2,804 | 1,653 |
Commercial and Agriculture [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 5,768 | 8,849 |
Commercial and Agriculture [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | ' | ' |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 431,733 | 434,808 |
Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 406,253 | 397,657 |
Commercial Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 7,714 | 6,371 |
Commercial Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 17,766 | 30,780 |
Commercial Real Estate [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | ' | ' |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 106,962 | 104,713 |
Residential Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 95,677 | 89,896 |
Residential Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 996 | 1,944 |
Residential Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 10,289 | 12,873 |
Residential Real Estate [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | ' | ' |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 22,316 | 17,947 |
Real Estate Construction [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 22,295 | 16,594 |
Real Estate Construction [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 21 | 352 |
Real Estate Construction [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | ' | 1,001 |
Real Estate Construction [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | ' | ' |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 2,379 | 1,100 |
Consumer [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 2,289 | 994 |
Consumer [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | ' | ' |
Consumer [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 90 | 106 |
Consumer [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | ' | ' |
Allowance_for_Loan_Losses_Perf
Allowance for Loan Losses - Performing and Nonperforming Loans (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Performing | $150,351 | $156,305 |
Nonperforming | ' | 19 |
Total | 150,351 | 156,324 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Performing | 137,431 | 145,879 |
Nonperforming | ' | 6 |
Total | 137,431 | 145,885 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Performing | 4,345 | 1,730 |
Nonperforming | ' | ' |
Total | 4,345 | 1,730 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Performing | 8,575 | 8,696 |
Nonperforming | ' | 13 |
Total | $8,575 | $8,709 |
Allowance_for_Loan_Losses_Agin
Allowance for Loan Losses - Aging Analysis of Past Due Loans (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | $1,064 | $4,044 |
60-89 Days Past Due | 1,058 | 1,839 |
90 Days or Greater | 8,670 | 16,319 |
Total Past Due | 10,792 | 22,202 |
Current | 808,779 | 793,351 |
Total Loans | 819,571 | 815,553 |
Past Due 90 Days and Accruing | ' | 80 |
Commercial and Agriculture [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | 31 |
60-89 Days Past Due | 4 | 72 |
90 Days or Greater | 304 | 553 |
Total Past Due | 308 | 656 |
Current | 105,522 | 100,005 |
Total Loans | 105,830 | 100,661 |
Past Due 90 Days and Accruing | ' | ' |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 271 | 1,000 |
60-89 Days Past Due | 653 | 533 |
90 Days or Greater | 2,929 | 6,794 |
Total Past Due | 3,853 | 8,327 |
Current | 427,880 | 426,481 |
Total Loans | 431,733 | 434,808 |
Past Due 90 Days and Accruing | ' | 80 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 733 | 2,843 |
60-89 Days Past Due | 393 | 1,214 |
90 Days or Greater | 5,412 | 8,527 |
Total Past Due | 6,538 | 12,584 |
Current | 237,855 | 238,014 |
Total Loans | 244,393 | 250,598 |
Past Due 90 Days and Accruing | ' | ' |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | 43 |
60-89 Days Past Due | ' | ' |
90 Days or Greater | ' | 416 |
Total Past Due | ' | 459 |
Current | 26,661 | 19,218 |
Total Loans | 26,661 | 19,677 |
Past Due 90 Days and Accruing | ' | ' |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 60 | 127 |
60-89 Days Past Due | 8 | 20 |
90 Days or Greater | 25 | 29 |
Total Past Due | 93 | 176 |
Current | 10,861 | 9,633 |
Total Loans | 10,954 | 9,809 |
Past Due 90 Days and Accruing | ' | ' |
Allowance_for_Loan_Losses_Summ
Allowance for Loan Losses - Summary of Nonaccrual Loans (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total, Non-Accrual Status | $20,694 | $29,855 |
Commercial and Agriculture [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total, Non-Accrual Status | 1,599 | 2,869 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total, Non-Accrual Status | 9,562 | 16,250 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total, Non-Accrual Status | 9,458 | 9,701 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total, Non-Accrual Status | ' | 958 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total, Non-Accrual Status | $75 | $77 |
Allowance_for_Loan_Losses_Sche
Allowance for Loan Losses - Schedule of Troubled Debt Restructurings (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Contract | Contract | Contract | Contract | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Number of Contracts | 1 | 4 | 2 | 35 |
Pre-Modification Outstanding Recorded Investment | $422 | $601 | $547 | $3,505 |
Post-Modification Outstanding Recorded Investment | 422 | 901 | 547 | 3,419 |
Commercial and Agriculture [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 2 | ' | 6 |
Pre-Modification Outstanding Recorded Investment | ' | 197 | ' | 983 |
Post-Modification Outstanding Recorded Investment | ' | 497 | ' | 976 |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Number of Contracts | 1 | ' | 2 | 3 |
Pre-Modification Outstanding Recorded Investment | 422 | ' | 547 | 1,206 |
Post-Modification Outstanding Recorded Investment | 422 | ' | 547 | 1,206 |
Residential Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 1 | ' | 21 |
Pre-Modification Outstanding Recorded Investment | ' | 385 | ' | 1,250 |
Post-Modification Outstanding Recorded Investment | ' | 385 | ' | 1,171 |
Real Estate Construction [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | ' | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | ' | ' |
Consumer and Other [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 1 | ' | 5 |
Pre-Modification Outstanding Recorded Investment | ' | 19 | ' | 66 |
Post-Modification Outstanding Recorded Investment | ' | $19 | ' | $66 |
Allowance_for_Loan_Losses_Impa
Allowance for Loan Losses - Impaired Financing Receivables (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired financing receivables, with no related allowance recorded, Recorded Investment | $9,596 | ' | $9,596 | ' | $13,066 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 12,694 | ' | 12,694 | ' | 19,208 |
Impaired financing receivables, with no related allowance recorded, Related Allowance | ' | ' | ' | ' | ' |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 8,183 | ' | 8,183 | ' | 13,024 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 8,810 | ' | 8,810 | ' | 14,227 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 1,713 | ' | 1,713 | ' | 4,006 |
Impaired financing receivables, Recorded Investment, Total | 17,779 | ' | 17,779 | ' | 26,090 |
Impaired financing receivables, Unpaid Principal Balance, Total | 21,504 | ' | 21,504 | ' | 33,435 |
Impaired financing receivables, Related Allowance, Total | 1,713 | ' | 1,713 | ' | 4,006 |
Impaired financing receivables, Average Recorded Investment, Total | 20,775 | 27,703 | 23,048 | 26,878 | ' |
Impaired financing receivables, Interest Income Recognized, Total | 61 | 512 | 881 | 1,603 | ' |
Commercial and Agriculture [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 1,206 | ' | 1,206 | ' | 5,053 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 1,326 | ' | 1,326 | ' | 5,226 |
Impaired financing receivables, with no related allowance recorded, Related Allowance | ' | ' | ' | ' | ' |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 2,714 | ' | 2,714 | ' | 367 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 3,031 | ' | 3,031 | ' | 385 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 1,054 | ' | 1,054 | ' | 286 |
Impaired financing receivables, Recorded Investment, Total | 3,920 | ' | 3,920 | ' | 5,420 |
Impaired financing receivables, Unpaid Principal Balance, Total | 4,357 | ' | 4,357 | ' | 5,611 |
Impaired financing receivables, Related Allowance, Total | 1,054 | ' | 1,054 | ' | 286 |
Impaired financing receivables, Average Recorded Investment, Total | 4,504 | 5,366 | 4,984 | 4,631 | ' |
Impaired financing receivables, Interest Income Recognized, Total | 25 | 26 | 156 | 205 | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 5,341 | ' | 5,341 | ' | 5,446 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 6,260 | ' | 6,260 | ' | 8,114 |
Impaired financing receivables, with no related allowance recorded, Related Allowance | ' | ' | ' | ' | ' |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 4,472 | ' | 4,472 | ' | 8,495 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 4,755 | ' | 4,755 | ' | 8,681 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 454 | ' | 454 | ' | 2,354 |
Impaired financing receivables, Recorded Investment, Total | 9,813 | ' | 9,813 | ' | 13,941 |
Impaired financing receivables, Unpaid Principal Balance, Total | 11,015 | ' | 11,015 | ' | 16,795 |
Impaired financing receivables, Related Allowance, Total | 454 | ' | 454 | ' | 2,354 |
Impaired financing receivables, Average Recorded Investment, Total | 11,237 | 16,448 | 12,328 | 17,060 | ' |
Impaired financing receivables, Interest Income Recognized, Total | 29 | 329 | 438 | 995 | ' |
Residential Real Estate [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 3,049 | ' | 3,049 | ' | 2,566 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 5,108 | ' | 5,108 | ' | 5,346 |
Impaired financing receivables, with no related allowance recorded, Related Allowance | ' | ' | ' | ' | ' |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 976 | ' | 976 | ' | 3,561 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 1,003 | ' | 1,003 | ' | 4,554 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 204 | ' | 204 | ' | 1,199 |
Impaired financing receivables, Recorded Investment, Total | 4,025 | ' | 4,025 | ' | 6,127 |
Impaired financing receivables, Unpaid Principal Balance, Total | 6,111 | ' | 6,111 | ' | 9,900 |
Impaired financing receivables, Related Allowance, Total | 204 | ' | 204 | ' | 1,199 |
Impaired financing receivables, Average Recorded Investment, Total | 4,773 | 5,227 | 5,324 | 4,628 | ' |
Impaired financing receivables, Interest Income Recognized, Total | 18 | 145 | 287 | 391 | ' |
Real Estate Construction [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | ' | ' | ' | ' | 521 |
Impaired financing receivables, with no related allowance recorded, Related Allowance | ' | ' | ' | ' | ' |
Impaired financing receivables, with an allowance recorded, Recorded Investment | ' | ' | ' | ' | 541 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | ' | ' | ' | ' | 547 |
Impaired financing receivables, with an allowance recorded, Related Allowance | ' | ' | ' | ' | 107 |
Impaired financing receivables, Recorded Investment, Total | ' | ' | ' | ' | 541 |
Impaired financing receivables, Unpaid Principal Balance, Total | ' | ' | ' | ' | 1,068 |
Impaired financing receivables, Related Allowance, Total | ' | ' | ' | ' | 107 |
Impaired financing receivables, Average Recorded Investment, Total | 240 | 608 | 377 | 531 | ' |
Impaired financing receivables, Interest Income Recognized, Total | -11 | 11 | ' | 11 | ' |
Consumer and Other [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Impaired financing receivables, with no related allowance recorded, Recorded Investment | ' | ' | ' | ' | 1 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | ' | ' | ' | ' | 1 |
Impaired financing receivables, with no related allowance recorded, Related Allowance | ' | ' | ' | ' | ' |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 21 | ' | 21 | ' | 60 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 21 | ' | 21 | ' | 60 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 1 | ' | 1 | ' | 60 |
Impaired financing receivables, Recorded Investment, Total | 21 | ' | 21 | ' | 61 |
Impaired financing receivables, Unpaid Principal Balance, Total | 21 | ' | 21 | ' | 61 |
Impaired financing receivables, Related Allowance, Total | 1 | ' | 1 | ' | 60 |
Impaired financing receivables, Average Recorded Investment, Total | 21 | 54 | 35 | 28 | ' |
Impaired financing receivables, Interest Income Recognized, Total | ' | $1 | ' | $1 | ' |
Other_Comprehensive_Income_Cha
Other Comprehensive Income - Changes in Each Component of Accumulated Other Comprehensive Loss, Net of Tax (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' |
Unrealized Gains and Losses on Available- for-Sale Securities, Beginning balance | $1,662 | ' | $5,849 | ' |
Unrealized Gains and Losses on Available- for-Sale Securities, Other comprehensive loss before reclassifications | -585 | ' | -4,734 | ' |
Unrealized Gains and Losses on Available- for-Sale Securities, Amounts reclassified from accumulated other comprehensive loss | -53 | ' | -91 | ' |
Unrealized Gains and Losses on Available- for-Sale Securities, Net current-period other comprehensive income (loss) | -638 | ' | -4,825 | ' |
Unrealized Gains and Losses on Available- for-Sale Securities, Ending balance | 1,024 | ' | 1,024 | ' |
Defined Benefit Pension Items, Beginning balance | -7,273 | ' | -7,496 | ' |
Defined Benefit Pension Items, Other comprehensive loss before reclassifications | ' | ' | ' | ' |
Defined Benefit Pension Items, Amounts reclassified from accumulated other comprehensive loss | 119 | ' | 342 | ' |
Defined Benefit Pension Items, Net current-period other comprehensive income (loss) | 119 | ' | 342 | ' |
Defined Benefit Pension Items, Ending balance | -7,154 | ' | -7,154 | ' |
Beginning balance | -5,611 | ' | -1,647 | ' |
Other comprehensive loss before reclassifications | -585 | ' | -4,734 | ' |
Amounts reclassified from accumulated other comprehensive loss | 66 | ' | 251 | ' |
Total other comprehensive income (loss) | -519 | 558 | -4,483 | 1,059 |
Ending balance | ($6,130) | ' | ($6,130) | ' |
Other_Comprehensive_Income_Amo
Other Comprehensive Income - Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Loss (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' |
Unrealized gains and losses on available-for-sale securities, Net gain on sale of securities | $80 | ' | $138 | ' |
Unrealized gains and losses on available-for-sale securities, Total before tax | 80 | ' | 138 | 40 |
Unrealized gains and losses on available-for-sale securities, Tax effect | -27 | ' | -47 | -14 |
Unrealized gains and losses on available-for-sale securities, Net of tax | 53 | ' | 91 | ' |
Amortization of defined benefit pension items, Actuarial gains/(losses), Salaries, wages and benefits | -180 | ' | -518 | ' |
Amortization of defined benefit pension items, Total before tax | -180 | -90 | -518 | -270 |
Amortization of defined benefit pension items, Tax effect | 61 | 31 | 176 | 92 |
Amortization of defined benefit pension items, Net of tax | -119 | ' | -342 | ' |
Total reclassifications for the period, Net of tax | ($66) | ' | ($251) | ' |
Earnings_per_Common_Share_Comp
Earnings per Common Share - Computation of Basic and Diluted Earnings per Common Share (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Basic | ' | ' | ' | ' |
Net income | $1,566 | $1,384 | $5,136 | $3,613 |
Preferred stock dividends and discount accretion | 289 | 316 | 869 | 903 |
Net income available to common shareholders | 1,277 | 1,068 | 4,267 | 2,710 |
Weighted average common shares outstanding | 7,707,917 | 7,707,917 | 7,707,917 | 7,707,917 |
Basic earnings per common share | $0.17 | $0.14 | $0.55 | $0.35 |
Diluted | ' | ' | ' | ' |
Net income | 1,566 | 1,384 | 5,136 | 3,613 |
Preferred stock dividends and discount accretion | 289 | 316 | 869 | 903 |
Net income available to common shareholders | $1,277 | $1,068 | $4,267 | $2,710 |
Weighted average common shares outstanding for basic earnings per common share | 7,707,917 | 7,707,917 | 7,707,917 | 7,707,917 |
Add: Dilutive effects of assumed exercises of stock options and warrants | ' | ' | ' | ' |
Average shares and dilutive potential common shares outstanding | 7,707,917 | 7,707,917 | 7,707,917 | 7,707,917 |
Diluted earnings per common share | $0.17 | $0.14 | $0.55 | $0.35 |
Earnings_per_Common_Share_Addi
Earnings per Common Share - Additional Information (Detail) (USD $) | 9 Months Ended | 3 Months Ended | 9 Months Ended |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | |
Equity Option [Member] | Equity Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' |
Anti-dilutive securities excluded from computation of earnings per share | 0 | 10,000 | 10,000 |
Exercise price of stock options not considered in computing diluted earnings per common share | ' | $35 | $35 |
Dilutive securities | 0 | ' | ' |
Commitments_Contingencies_and_2
Commitments, Contingencies and Off-Balance-Sheet Risk - Contractual Amount of Financial Instruments with Off-Balance-Sheet Risk (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Fixed Rate | $6,849 | $9,723 |
Variable Rate | 182,354 | 138,304 |
Lines of Credit and Construction Loans [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Fixed Rate | 6,618 | 9,378 |
Variable Rate | 159,489 | 118,182 |
Overdraft Protection [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Fixed Rate | 31 | 51 |
Variable Rate | 20,629 | 19,726 |
Letters of Credit [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Fixed Rate | 200 | 294 |
Variable Rate | $2,236 | $396 |
Commitments_Contingencies_and_3
Commitments, Contingencies and Off-Balance-Sheet Risk - Additional Information (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Maximum period of commitments to make loans | '1 year | ' |
Maximum time period of maturities | '30 years | ' |
Average reserve balance under Federal Reserve Board requirements | $1,753 | $1,217 |
Minimum [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Range of fixed interest rate loan commitments | 3.05% | 3.05% |
Maximum [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Range of fixed interest rate loan commitments | 13.75% | 13.75% |
Pension_Information_Components
Pension Information - Components of Net Periodic Pension Expense (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Compensation And Retirement Disclosure [Abstract] | ' | ' | ' | ' |
Service cost | $310 | $235 | $893 | $704 |
Interest cost | 228 | 229 | 656 | 686 |
Expected return on plan assets | -249 | -215 | -716 | -644 |
Other components | 180 | 90 | 518 | 270 |
Net periodic pension cost | $469 | $339 | $1,351 | $1,016 |
Pension_Information_Additional
Pension Information - Additional Information (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Compensation And Retirement Disclosure [Abstract] | ' | ' |
Expected future employer contributions | $1,900 | ' |
Employer contributions | ' | $1,510 |
Stock_Options_Additional_Infor
Stock Options - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Option term maximum period | '10 years |
Option term minimum period | '3 years |
Corporation's Stock Option Plan [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Maximum number of shares under stock option plan authorized for issuance | 225,000 |
Stock_Options_Summary_of_Activ
Stock Options - Summary of Activity in Stock Option Plan (Detail) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' |
Shares, Outstanding at beginning of period | 10,000 | 29,500 |
Shares, Granted | ' | ' |
Shares, Exercised | ' | ' |
Shares, Forfeited | ' | ' |
Shares, Expired | -10,000 | -19,500 |
Shares, Options outstanding, end of period | ' | 10,000 |
Shares, Options exercisable, end of period | ' | 10,000 |
Weighted Average Exercise Price Per Share, Outstanding at beginning of period | $35 | $25.42 |
Weighted Average Exercise Price Per Share, Granted | ' | ' |
Weighted Average Exercise Price Per Share, Exercised | ' | ' |
Weighted Average Exercise Price Per Share, Forfeited | ' | ' |
Weighted Average Exercise Price, Expired | $35 | $20.50 |
Weighted Average Exercise Price Per Share, Options outstanding, end of period | ' | $35 |
Weighted Average Exercise Price, Options exercisable, end of period | ' | $35 |
Fair_Value_Measurement_Assets_
Fair Value Measurement - Assets Measured at Fair Value (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
(Level 1) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | U.S. Treasury Securities and Obligations of U.S. Government Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
(Level 1) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
(Level 1) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Mortgage-backed Securities in Government Sponsored Entities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
(Level 1) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Equity Securities in Financial Institutions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
(Level 1) [Member] | Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
(Level 1) [Member] | Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
(Level 2) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | U.S. Treasury Securities and Obligations of U.S. Government Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | 53,964 | 54,286 |
(Level 2) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | 81,475 | 79,338 |
(Level 2) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Mortgage-backed Securities in Government Sponsored Entities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | 64,484 | 69,435 |
(Level 2) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Equity Securities in Financial Institutions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | 433 | 434 |
(Level 2) [Member] | Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
(Level 2) [Member] | Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
(Level 3) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | U.S. Treasury Securities and Obligations of U.S. Government Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
(Level 3) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | 468 |
(Level 3) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Mortgage-backed Securities in Government Sponsored Entities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
(Level 3) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Equity Securities in Financial Institutions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
(Level 3) [Member] | Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | 16,066 | 22,084 |
(Level 3) [Member] | Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Other Real Estate Owned [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | $158 | $471 |
Fair_Value_Measurement_Quantit
Fair Value Measurement - Quantitative Information about Level 3 Fair Value Measurements (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Impaired Loans [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Estimate | 16,066 | 22,084 |
Impaired Loans [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Measurements, Valuation Technique | 'Appraisal of collateral | 'Appraisal of collateral |
Impaired Loans [Member] | Discounted Cash Flows [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Measurements, Valuation Technique | 'Discounted cash flows | 'Discounted cash flows |
Other Real Estate Owned [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Estimate | 158 | 471 |
Other Real Estate Owned [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Measurements, Valuation Technique | 'Appraisal of collateral | 'Appraisal of collateral |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Estimate | ' | 468 |
Obligations of States and Political Subdivisions [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Measurements, Valuation Technique | ' | 'Appraisal of collateral |
Maximum [Member] | Impaired Loans [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Assumptions, Appraisal adjustments | 30.00% | 30.00% |
Fair Value Assumptions, Liquidation expense | 10.00% | 10.00% |
Fair Value Assumptions, Holding period | '30 months | '30 months |
Maximum [Member] | Impaired Loans [Member] | Discounted Cash Flows [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Assumptions, Discount rates | 8.30% | 8.50% |
Maximum [Member] | Other Real Estate Owned [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Assumptions, Appraisal adjustments | 30.00% | 30.00% |
Fair Value Assumptions, Liquidation expense | 10.00% | 10.00% |
Maximum [Member] | Obligations of States and Political Subdivisions [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Assumptions, Appraisal adjustments | ' | 30.00% |
Fair Value Assumptions, Liquidation expense | ' | 12.00% |
Minimum [Member] | Impaired Loans [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Assumptions, Appraisal adjustments | 10.00% | 10.00% |
Fair Value Assumptions, Liquidation expense | 0.00% | 0.00% |
Fair Value Assumptions, Holding period | '0 months | '0 months |
Minimum [Member] | Impaired Loans [Member] | Discounted Cash Flows [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Assumptions, Discount rates | 3.80% | 2.00% |
Minimum [Member] | Other Real Estate Owned [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Assumptions, Appraisal adjustments | 10.00% | 10.00% |
Fair Value Assumptions, Liquidation expense | 0.00% | 0.00% |
Minimum [Member] | Obligations of States and Political Subdivisions [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value, Option, Quantitative Disclosures [Line Items] | ' | ' |
Fair Value Assumptions, Appraisal adjustments | ' | 20.00% |
Fair Value Assumptions, Liquidation expense | ' | 8.00% |
Fair_Value_Measurement_Summary
Fair Value Measurement - Summary of Changes in Level 3 Fair-Value Category in Securities Available for Sale (Detail) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Securities available for sale | ' |
Beginning balance | $468 |
Settlements | -468 |
Ending balance | ' |
Fair_Value_Measurement_Carryin
Fair Value Measurement - Carrying Amount and Estimated Fair Values of Financial Instruments (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financial Assets: | ' | ' |
Securities available for sale | $200,356 | $203,961 |
Carrying Amount [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and due from financial institutions | 50,093 | 46,131 |
Securities available for sale | 200,356 | 203,961 |
Other securities | 15,433 | 15,567 |
Loans, available for sale | 4,891 | 1,873 |
Loans, net of allowance for loan losses | 802,274 | 795,811 |
Bank owned life insurance | 19,013 | 18,590 |
Accrued interest receivable | 4,540 | 3,709 |
Mortgage servicing rights | 454 | 308 |
Financial Liabilities: | ' | ' |
Nonmaturing deposits | 702,215 | 662,387 |
Time deposits | 240,243 | 264,002 |
Federal Home Loan Bank advances | 37,735 | 40,261 |
Securities sold under agreement to repurchase | 20,810 | 23,219 |
Subordinated debentures | 29,427 | 29,427 |
Accrued interest payable | 159 | 185 |
Total Fair Value [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and due from financial institutions | 50,093 | 46,131 |
Securities available for sale | 200,356 | 203,961 |
Other securities | 15,433 | 15,567 |
Loans, available for sale | 4,891 | 1,873 |
Loans, net of allowance for loan losses | 821,717 | 812,950 |
Bank owned life insurance | 19,013 | 18,590 |
Accrued interest receivable | 4,540 | 3,709 |
Mortgage servicing rights | 454 | 308 |
Financial Liabilities: | ' | ' |
Nonmaturing deposits | 702,215 | 662,387 |
Time deposits | 242,067 | 265,974 |
Federal Home Loan Bank advances | 38,710 | 41,658 |
Securities sold under agreement to repurchase | 20,810 | 23,219 |
Subordinated debentures | 21,412 | 26,855 |
Accrued interest payable | 159 | 185 |
(Level 1) [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and due from financial institutions | 50,093 | 46,131 |
Securities available for sale | ' | ' |
Other securities | 15,433 | 15,567 |
Loans, available for sale | 4,891 | 1,873 |
Loans, net of allowance for loan losses | ' | ' |
Bank owned life insurance | 19,013 | 18,590 |
Accrued interest receivable | 4,540 | 3,709 |
Mortgage servicing rights | ' | ' |
Financial Liabilities: | ' | ' |
Nonmaturing deposits | 702,215 | 662,387 |
Time deposits | ' | ' |
Federal Home Loan Bank advances | ' | ' |
Securities sold under agreement to repurchase | 20,810 | 23,219 |
Subordinated debentures | ' | ' |
Accrued interest payable | 159 | 185 |
(Level 2) [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and due from financial institutions | ' | ' |
Securities available for sale | 200,356 | 203,493 |
Other securities | ' | ' |
Loans, available for sale | ' | ' |
Loans, net of allowance for loan losses | ' | ' |
Bank owned life insurance | ' | ' |
Accrued interest receivable | ' | ' |
Mortgage servicing rights | ' | ' |
Financial Liabilities: | ' | ' |
Nonmaturing deposits | ' | ' |
Time deposits | ' | ' |
Federal Home Loan Bank advances | ' | ' |
Securities sold under agreement to repurchase | ' | ' |
Subordinated debentures | ' | ' |
Accrued interest payable | ' | ' |
(Level 3) [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and due from financial institutions | ' | ' |
Securities available for sale | ' | 468 |
Other securities | ' | ' |
Loans, available for sale | ' | ' |
Loans, net of allowance for loan losses | 821,717 | 812,950 |
Bank owned life insurance | ' | ' |
Accrued interest receivable | ' | ' |
Mortgage servicing rights | 454 | 308 |
Financial Liabilities: | ' | ' |
Nonmaturing deposits | ' | ' |
Time deposits | 242,067 | 265,974 |
Federal Home Loan Bank advances | 38,710 | 41,658 |
Securities sold under agreement to repurchase | ' | ' |
Subordinated debentures | 21,412 | 26,855 |
Accrued interest payable | ' | ' |
Fair_Value_Measurement_Additio
Fair Value Measurement - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Fair Value Disclosures [Abstract] | ' |
Number of days original maturities due from financial institutions | 'Less than 90 |
Receiving / paying days of carrying amounts for accrued interest receivable, accrued interest payable and securities sold under agreements to repurchase | '90 days or less |
Participation_in_the_US_Treasu1
Participation in the U.S. Treasury Troubled Asset Relief Program - Additional Information (Detail) (USD $) | 1 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Jul. 03, 2012 | Jan. 23, 2009 | Sep. 30, 2013 | Sep. 05, 2012 |
Equity [Abstract] | ' | ' | ' | ' |
Sale to U.S. Treasury of newly-issued non-voting preferred shares | ' | 23,184 | ' | ' |
Liquidation preference as per securities purchase agreement | ' | $1,000 | ' | ' |
Warrant sold to purchase common shares as per securities purchase agreement | ' | 469,312 | ' | ' |
Warrant exercise price per common share | ' | 7.41 | ' | ' |
Term of Warrant | ' | ' | '10 years | ' |
Cumulative dividend rate per annum on liquidation preference, first five years | ' | ' | 5.00% | ' |
Cumulative dividend rate per annum on liquidation preference, after five years | ' | ' | 9.00% | ' |
Sale of Preferred Shares to investors | 23,184 | ' | ' | ' |
Aggregate purchase price of warrant | ' | ' | ' | $563 |