Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 28, 2014 | Jun. 30, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Trading Symbol | 'FCZA | ' | ' |
Entity Registrant Name | 'FIRST CITIZENS BANC CORP /OH | ' | ' |
Entity Central Index Key | '0000944745 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 7,707,917 | ' |
Entity Public Float | ' | ' | $46,666,923 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from financial institutions | $33,883 | $46,131 |
Securities available for sale | 199,613 | 203,961 |
Loans held for sale | 438 | 1,873 |
Loans, net of allowance of $16,528 and $19,742 | 844,713 | 795,811 |
Other securities | 15,424 | 15,567 |
Premises and equipment, net | 16,927 | 17,166 |
Accrued interest receivable | 3,881 | 3,709 |
Goodwill | 21,720 | 21,720 |
Other intangible assets | 2,293 | 3,139 |
Bank owned life insurance | 19,145 | 18,590 |
Other assets | 9,509 | 9,304 |
Total assets | 1,167,546 | 1,136,971 |
Deposits | ' | ' |
Noninterest-bearing | 234,976 | 202,416 |
Interest-bearing | 707,499 | 723,973 |
Total deposits | 942,475 | 926,389 |
Federal Home Loan Bank advances | 37,726 | 40,261 |
Securities sold under agreements to repurchase | 20,053 | 23,219 |
Subordinated debentures | 29,427 | 29,427 |
Accrued expenses and other liabilities | 9,489 | 13,695 |
Total liabilities | 1,039,170 | 1,032,991 |
SHAREHOLDERS' EQUITY | ' | ' |
Common stock, no par value, 20,000,000 shares authorized, 8,455,881 shares issued | 114,365 | 114,365 |
Accumulated deficit | -10,823 | -14,687 |
Treasury stock, 747,964 shares at cost | -17,235 | -17,235 |
Accumulated other comprehensive loss | -4,247 | -1,647 |
Total shareholders' equity | 128,376 | 103,980 |
Total liabilities and shareholders' equity | 1,167,546 | 1,136,971 |
Series A Preferred Stock [Member] | ' | ' |
SHAREHOLDERS' EQUITY | ' | ' |
Preferred stock | 23,184 | 23,184 |
Series B Preferred Stock [Member] | ' | ' |
SHAREHOLDERS' EQUITY | ' | ' |
Preferred stock | $23,132 | ' |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Allowance, loans | $16,528 | $19,742 |
Preferred shares, shares authorized | 200,000 | 200,000 |
Common shares, par value | ' | ' |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 8,455,881 | 8,455,881 |
Treasury stock, shares | 747,964 | 747,964 |
Series A Preferred Stock [Member] | ' | ' |
Preferred shares, liquidation preference | $1,000 | $1,000 |
Preferred shares, shares issued | 23,184 | 23,184 |
Series B Preferred Stock [Member] | ' | ' |
Preferred shares, liquidation preference | $1,000 | $1,000 |
Preferred shares, shares issued | 25,000 | 25,000 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Interest and dividend income | ' | ' |
Loans, including fees | $38,776 | $40,048 |
Taxable securities | 3,763 | 4,710 |
Tax-exempt securities | 2,211 | 1,895 |
Federal funds sold and other | 131 | 109 |
Total interest and dividend income | 44,881 | 46,762 |
Interest expense | ' | ' |
Deposits | 2,788 | 3,800 |
Federal Home Loan Bank advances | 1,358 | 1,530 |
Subordinated debentures | 740 | 833 |
Securities sold under agreements to repurchase | 21 | 21 |
Total interest expense | 4,907 | 6,184 |
Net interest income | 39,974 | 40,578 |
Provision for loan losses | 1,100 | 6,400 |
Net interest income after provision for loan losses | 38,874 | 34,178 |
Noninterest income | ' | ' |
Service charges | 4,201 | 4,329 |
Net gain on sale of securities | 204 | 40 |
Net gain on sale of loans | 461 | 624 |
ATM fees | 1,996 | 1,868 |
Trust fees | 2,627 | 2,163 |
Bank owned life insurance | 555 | 627 |
Computer center item processing fees | 248 | 259 |
Net gain on sale of other real estate owned | 120 | 118 |
Other | 1,650 | 1,172 |
Total noninterest income | 12,062 | 11,200 |
Noninterest expense | ' | ' |
Salaries, wages and benefits | 24,758 | 20,487 |
Net occupancy expense | 2,209 | 2,159 |
Equipment expense | 1,273 | 1,223 |
Contracted data processing | 1,074 | 962 |
FDIC Assessment | 1,008 | 847 |
State franchise tax | 1,130 | 1,059 |
Professional services | 1,677 | 1,505 |
Amortization of intangible assets | 846 | 974 |
ATM expense | 650 | 630 |
Marketing expense | 634 | 625 |
Repossession expense | 964 | 1,186 |
Other operating expenses | 7,161 | 6,417 |
Total noninterest expense | 43,384 | 38,074 |
Income before income taxes | 7,552 | 7,304 |
Income taxes | 1,373 | 1,725 |
Net income | 6,179 | 5,579 |
Preferred stock dividends and discount accretion | 1,159 | 1,193 |
Net income available to common shareholders | $5,020 | $4,386 |
Earnings per common share, basic | $0.65 | $0.57 |
Earnings per common share, diluted | $0.64 | $0.57 |
CONSOLIDATED_COMPREHENSIVE_INC
CONSOLIDATED COMPREHENSIVE INCOME STATEMENTS (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' |
Net income | $6,179 | $5,579 |
Other comprehensive loss: | ' | ' |
Unrealized holding gains (loss) on available for sale securities | -8,140 | 628 |
Tax effect of unrealized holdings gains (loss) on available for sale securities | 2,767 | -214 |
Reclassification adjustment for security gains recognized in income | -204 | -40 |
Tax effect of reclassification adjustment for security gains recognized in income | 69 | 14 |
Change in unrecognized pension cost | 4,406 | -2,829 |
Tax effect of change in unrecognized pension cost | -1,498 | 962 |
Net current-period other comprehensive income (loss) | -2,600 | -1,479 |
Comprehensive income | $3,579 | $4,100 |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN 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, 2011 | $102,528 | $23,151 | $114,447 | ($17,667) | ($17,235) | ($168) |
Balance, shares at Dec. 31, 2011 | ' | 23,184 | 7,707,917 | ' | ' | ' |
Net income | 5,579 | ' | ' | 5,579 | ' | ' |
Other Comprehensive Loss | -1,479 | ' | ' | ' | ' | -1,479 |
Amortization of discount on preferred stock | ' | 33 | ' | -33 | ' | ' |
Common stock warrant redeemed | -564 | ' | -82 | -482 | ' | ' |
Cash dividends ($0.12 per share) | -925 | ' | ' | -925 | ' | ' |
Preferred stock dividends | -1,159 | ' | ' | -1,159 | ' | ' |
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 | 6,179 | ' | ' | 6,179 | ' | ' |
Other Comprehensive Loss | -2,600 | ' | ' | ' | ' | -2,600 |
Issuance of Series B preferred shares, net of issuance costs | 23,132 | 23,132 | ' | ' | ' | ' |
Issuance of Series B preferred shares, net of issuance costs, shares | ' | 25,000 | ' | ' | ' | ' |
Cash dividends ($0.12 per share) | -1,156 | ' | ' | -1,156 | ' | ' |
Preferred stock dividends | -1,159 | ' | ' | -1,159 | ' | ' |
Balance at Dec. 31, 2013 | $128,376 | $46,316 | $114,365 | ($10,823) | ($17,235) | ($4,247) |
Balance, shares at Dec. 31, 2013 | ' | 48,184 | 7,707,917 | ' | ' | ' |
CONSOLIDATED_STATEMENTS_OF_CHA1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY (Parenthetical) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Cash dividends per share | $0.15 | $0.12 |
Accumulated Deficit [Member] | ' | ' |
Cash dividends per share | $0.15 | $0.12 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Cash flows from operating activities: | ' | ' |
Net income | $6,179 | $5,579 |
Adjustments to reconcile net income to net cash from operating activities | ' | ' |
Security amortization, net | 1,633 | 1,987 |
Depreciation | 1,509 | 1,493 |
Amortization of intangible assets | 846 | 974 |
Amortization of net deferred loan fees | -112 | 332 |
Net realized gain on sale of securities | -204 | -40 |
Provision for loan losses | 1,100 | 6,400 |
Loans originated for sale | -49,978 | -46,894 |
Proceeds from sale of loans | 51,874 | 46,243 |
Gain on sale of loans | -461 | -624 |
Gain on sale of OREO properties | -120 | -118 |
Gain on sale of fixed assets | -107 | ' |
Bank owned life insurance | -555 | -627 |
Deferred income taxes | 1,362 | 330 |
Prepaid FDIC Premium | 1,775 | 780 |
Change in Accrued interest payable | -29 | -73 |
Accrued interest receivable | -172 | 78 |
Other, net | -2,074 | 1,073 |
Net cash from operating activities | 12,466 | 16,893 |
Securities available for sale | ' | ' |
Maturities, prepayments and calls | 50,184 | 63,421 |
Sales | 8,686 | 12,982 |
Purchases | -64,295 | -77,090 |
Redemption of Federal Reserve stock | 143 | 6 |
Purchases of Federal Reserve stock | ' | -185 |
Net loan originations | -50,170 | -39,138 |
Proceeds from sale of OREO properties | 699 | 1,349 |
Property and equipment purchases | -1,281 | -905 |
Proceeds from sale of property and equipment | 118 | 20 |
Net cash used for investing activities | -55,916 | -39,540 |
Cash flows from financing activities: | ' | ' |
Increase in deposits | 16,086 | 25,143 |
Repayment of long-term FHLB advances | -2,535 | -10,034 |
(Decrease) increase in securities sold under repurchase agreements | -3,166 | 4,190 |
Repurchase of common stock warrant from US Treasury | ' | -564 |
Cash dividends paid | -2,315 | -2,084 |
Net proceeds from issuance of preferred stock | 23,132 | ' |
Net cash provided by financing activities | 31,202 | 16,651 |
Decrease in cash and due from financial institutions | -12,248 | -5,996 |
Cash and due from financial institutions at beginning of year | 46,131 | 52,127 |
Cash and due from financial institutions at end of year | 33,883 | 46,131 |
Supplemental cash flow information: | ' | ' |
Interest paid | 4,936 | 6,257 |
Income taxes paid | 1,010 | 400 |
Supplemental non-cash disclosures: | ' | ' |
Transfer of loans from portfolio to other real estate owned | 281 | 606 |
Transfer of loans from portfolio to held for sale | $4,756 | ' |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
NOTE 1—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
The following is a summary of the accounting policies adopted by First Citizens Banc Corp, which have a significant effect on the 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). First Citizens Capital LLC (FCC) is wholly-owned by Citizens and holds inter-company debt. First Citizens Investments, Inc. (FCI) is wholly-owned by Citizens and holds and manages its securities portfolio. The operations of FCI and FCC are located in Wilmington, Delaware. The above companies together are sometimes referred to as the Company. Intercompany balances and transactions are eliminated in consolidation. | |
The Company provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison 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 customer’s 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 Company to participate in commission revenue generated through its third party insurance agreement. Insurance commission revenue was less than 1.0% of total revenue for the years ended December 31, 2013 and 2012. Water St. was formed to hold repossessed assets of FCBC’s subsidiaries. Water St. revenue was less than 1% of total revenue for the years ended December 31, 2013 and 2012. FCRS was formed in 2012 and remained inactive for the periods presented. | |
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 the financial statements and the disclosures provided, and future results could differ. The allowance for loan losses, impairment of goodwill, fair values of financial instruments, valuation of deferred tax assets, pension obligations and other-than-temporary-impairment of securities are considered material estimates that are particularly susceptible to significant change in the near term. | |
Cash Flows: Cash and cash equivalents include cash on hand and demand deposits with financial institutions with original maturities fewer than 90 days. Net cash flows are reported for customer loan and deposit transactions, interest bearing deposits in other financial institutions, and federal funds purchased or sold and repurchase agreements. | |
Securities: Debt securities are classified as available-for-sale when they might be sold before maturity. Equity securities with readily determinable fair values are also classified as available for sale. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. | |
Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage backed securities where prepayments are anticipated. Gains and losses on sales are based on the amortized cost of the security sold using the specific identification method. | |
The recent guidance specifies that if (a) a company does not have the intent to sell a debt security prior to recovery and (b) it is more-likely-than-not that it will not have to sell the debt security prior to recovery; the security would not be considered other-than-temporarily impaired unless there is a credit loss. When an entity does not intend to sell the security, and it is more-likely-than-not the entity will not have to sell the security before recovery of its cost basis, it will recognize the credit component of other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment should be amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. | |
The Company’s Consolidated Statement of Operations as of December 31, 2013 reflects the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more-likely-than-not be required to sell before the expected recovery of the amortized cost basis. For available-for-sale debt securities that management has no intent to sell and believes that it more-likely-than-not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the non-credit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. | |
Other securities which include Federal Home Loan Bank (FHLB) stock, Federal Reserve Bank (FRB) stock, Farmer Mac stock (FMS), Bankers’ Bancshares Inc. (BB) stock, and Norwalk Community Development Corp (NCDC) stock are carried at cost. | |
Loans Held for Sale: Mortgage loans originated and intended for sale in the secondary market and loans that management no longer intends to hold for the foreseeable future, are carried at the lower of aggregate cost or market, as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. | |
Loans: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs, and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. | |
Interest income on mortgage and commercial loans is discontinued at the time the loan is 90 days delinquent unless the credit is well-secured and in process of collection. Interest income on consumer loans is discontinued when management determines future collection is unlikely. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. | |
All interest accrued, but not received, for loans placed on nonaccrual, is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |
Purchased Loans: The Company purchases individual loans and groups of loans. Purchased loans that show evidence of credit deterioration since origination are recorded at the amount paid (or allocated fair value in a purchase business combination), such that there is no carryover of the seller’s allowance for loan losses. After acquisition, incurred losses are recognized by an increase in the allowance for loan losses. | |
Purchased loans are accounted for individually or aggregated into pools of loans based on common risk characteristics (e.g., credit score, loan type, and date of origination). The Company estimates the amount and timing of expected cash flows for each purchased loan or pool, and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan or pool (accretable yield). The excess of the loan’s, or pool’s, contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). | |
Over the life of the loan or pool, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded. If the present value of expected future cash flows is greater than the carrying amount, it is recognized as part of future interest income. | |
Allowance for Loan Losses: The allowance for loan losses (allowance) is calculated with the objective of maintaining a reserve sufficient to absorb inherent loan losses in the loan portfolio. Management establishes the allowance for loan losses based upon its evaluation of the pertinent factors underlying the types and quality of loans in the portfolio. In determining the allowance and the related provision for loan losses, the Company considers four principal elements: (i) specific impairment reserve allocations (valuation allowances) based upon probable losses identified during the review of impaired loans in the Commercial loan portfolio, (ii) allocations established for adversely-rated loans in the Commercial loan portfolio and nonaccrual Real Estate Residential, Consumer installment and Home Equity loans, (iii) allocations on all other loans based principally on a two-year historical loan loss experience and loan loss trends. These allocations are adjusted for consideration of general economic and business conditions, credit quality and delinquency trends, collateral values, and recent loss experience for these similar pools of loans. The Company also maintains an unallocated allowance to account for any factors or conditions that may cause a potential loss but are not specifically addressed in the process described above. The Company analyzes its loan portfolio each quarter to determine the appropriateness of its allowance for loan losses. | |
All commercial loans and commercial real estate loans are monitored on a regular basis with a detailed review completed for all loans greater than $500. All commercial loans and commercial real estate loans that are 90 days past due or in nonaccrual status, are analyzed to determine if they are “impaired”, which means that it is probable that all amounts will not be collected according to the contractual terms of the loan agreement. All loans that are delinquent 90 days are classified as substandard and placed on nonaccrual status unless they are well-secured and in the process of collection. The remaining loans are evaluated and segmented with loans with similar risk characteristics. The Company allocates reserves based on risk categories and portfolio segments described below, which conform to the Company’s asset classification policy. In reviewing risk within Citizens’ loan portfolio, management has identified specific segments to categorize loan portfolio risk: (i) Commercial & Agriculture loans; (ii) Commercial Real Estate; (iii) Residential Real Estate loans; (iv) Real Estate Construction loans; and (v) Consumer and Other loans. Additional information related to economic factors can be found in Note 4. | |
Loan Charge-off Policies: All unsecured open-and closed-ended retail loans that become past due 90 days from the contractual due date are charged off in full. In lieu of charging off the entire loan balance, loans with non real estate collateral may be written down to the net realizable value of the collateral, if repossession of collateral is assured and in process. For open-and closed-ended loans secured by residential real estate, a current assessment of value is made no later than 180 days past due. Any outstanding loan balance in excess of the net realizable value of the property is charged off. All other loans are generally charged down to the net realizable value when the loan is 90 days past due. | |
Troubled Debt Restructurings: In certain situations based on economic or legal reasons related to a borrower’s financial difficulties, management may grant a concession for other than an insignificant period of time to the borrower that would not otherwise be considered. The related loan is classified as a troubled debt restructuring (TDR). Management strives to identify borrowers in financial difficulty early and work with them to modify to more affordable terms before their loan reaches nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal, management measures any impairment on the restructuring as noted above for impaired loans. In addition to the allowance for the pooled portfolios, management has developed a separate reserve for loans that are identified as impaired through a TDR. These loans are excluded from pooled loss forecasts and a separate reserve is provided under the accounting guidance for loan impairment. Consumer loans whose terms have been modified in a TDR are also individually analyzed for estimated impairment. | |
Other Real Estate: Other real estate acquired through or instead of loan foreclosure is initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed. Other real estate owned included in other assets totaled approximately $173 at December 31, 2013 and $471 at December 31, 2012. | |
Premises and Equipment: Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed using both accelerated and straight-line methods over the estimated useful life of the asset, ranging from three to seven years for furniture and equipment and seven to fifty years for buildings and improvements. | |
Federal Home Loan Bank (FHLB) Stock: Citizens is a member of the FHLB of Cincinnati and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated for impairment by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) the significance of the decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. With consideration given to these factors, management concluded that the stock was not impaired at December 31, 2013 or 2012. | |
Federal Reserve Bank (FRB) Stock: Citizens is a member of the Federal Reserve System. FRB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. | |
Bank Owned Life Insurance (BOLI): Citizens has purchased BOLI policies on certain key executives. BOLI is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. | |
Goodwill and Other Intangible Assets: Goodwill results from prior business acquisitions and represents the excess of the purchase price over the fair value of acquired tangible assets and liabilities and identifiable intangible assets. Goodwill is assessed at least annually for impairment and any such impairment will be recognized in the period identified. | |
Other intangible assets consist of core deposit intangibles arising from whole bank and branch acquisitions. These intangible assets are measured at fair value and then amortized on an accelerated method over their estimated useful lives, which range from five to twelve years. | |
Servicing Rights: Servicing rights are recognized as assets for the allocated value of retained servicing rights on loans sold. Servicing rights are initially recorded at fair value at the date of transfer. The valuation technique used is the present value of estimated future cash flows using current market discount rates. Servicing rights are amortized in proportion to, and over the period of, estimated net servicing revenues. Impairment is evaluated based on the fair value of the rights, using groupings of the underlying loans as to interest rates and then, secondarily, prepayment characteristics. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Any impairment of a grouping is reported as a valuation allowance to the extent that fair value is less than the capitalized asset for the grouping. | |
Long-term Assets: Premises and equipment, core deposit and other intangible assets, and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. | |
Repurchase Agreements: Substantially all repurchase agreement liabilities represent amounts advanced by various customers. Securities are pledged to cover these liabilities, which are not covered by federal deposit insurance. | |
Loan Commitments and Related Financial Instruments: Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. | |
Income Taxes: 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. | |
The Company prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. | |
A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. | |
Retirement Plans: Pension expense is the net of service and interest cost, expected return on plan assets and amortization of gains and losses not immediately recognized. Employee 401(k) and profit sharing plan expense is the amount of matching contributions. Deferred compensation allocates the benefits over the years of service. | |
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 of additional potential common shares issuable related to convertible preferred shares. Treasury shares are not deemed outstanding for earnings per share calculations. | |
Comprehensive Income: Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale and changes in the funded status of the pension plan. | |
Loss Contingencies: Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect on the financial statements. | |
Restrictions on Cash: Cash on hand or on deposit with the Federal Reserve Bank was required to meet regulatory reserve and clearing requirements. These balances do not earn interest. | |
Dividend Restriction: Banking regulations require maintaining certain capital levels and may limit the dividends paid by Citizens to FCBC or by FCBC to shareholders. Additional information related to dividend restrictions can be found in Note 17. | |
Fair Value of Financial Instruments: Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates. | |
Operating Segments: While the Company’s chief decision makers monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis. Operating segments are aggregated into one as operating results for all segments are similar. Accordingly, all of the Company’s financial service operations are considered by management to be aggregated in one reportable operating segment. | |
Reclassifications: Some items in the prior year financial statements were reclassified to conform to the current presentation. Such reclassifications had no effect on net income or shareholders’ equity. | |
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 Company’s financial statements. | |
In April 2013, the FASB issued ASU 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting. The amendments in this Update are being issued to clarify when an entity should apply the liquidation basis of accounting. In addition, the guidance provides principles for the recognition and measurement of assets and liabilities and requirements for financial statements prepared using the liquidation basis of accounting. The amendments require an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). If a plan for liquidation was specified in the entity’s governing documents from the entity’s inception (for example, limited-life entities), the entity should apply the liquidation basis of accounting only if the approved plan for liquidation differs from the plan for liquidation that was specified at the entity’s inception. The amendments are effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013, and interim reporting periods therein. Entities should apply the requirements prospectively from the day that liquidation becomes imminent. Early adoption is permitted. Entities that use the liquidation basis of accounting as of the effective date in accordance with other Topics (for example, terminating employee benefit plans) are not required to apply the amendments. Instead, those entities should continue to apply the guidance in those other Topics until they have completed liquidation. Adoption of this Update is not expected to have a significant impact on the Company’s financial statements. | |
In June 2013, the FASB issued ASU 2013-08, Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. The amendments in this Update affect the scope, measurement, and disclosure requirements for investment companies under U.S. GAAP. The amendments do all of the following: 1. Change the approach to the investment company assessment in Topic 946, clarify the characteristics of an investment company, and provide comprehensive guidance for assessing whether an entity is an investment Company. 2. Require an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting. 3. Require the following additional disclosures: (a) the fact that the entity is an investment company and is applying the guidance in Topic 946, (b) information about changes, if any, in an entity’s status as an investment company, and (c) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The amendments in this Update are effective for an entity’s interim and annual reporting periods in fiscal years that begin after December 15, 2013. Earlier application is prohibited. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. | |
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 Company’s financial statements. | |
In January 2014, FASB issued ASU 2014-01, Investments – Equity Method and Join Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The amendments in this Update permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The amendments in this Update should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. The amendments in this Update are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. | |
In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments in this Update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. This ASU is not expected to have a significant impact on the Company’s financial statements. |
Securities
Securities | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||
NOTE 2—SECURITIES | |||||||||||||||||||||||||
The amortized cost and fair value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive loss were as follows. | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 52,229 | $ | 95 | $ | (764 | ) | $ | 51,560 | ||||||||||||||||
Obligations of states and political subdivisions | 79,975 | 2,327 | (1,677 | ) | 80,625 | ||||||||||||||||||||
Mortgage-back securities in government sponsored entities | 66,409 | 1,127 | (557 | ) | 66,979 | ||||||||||||||||||||
Total debt securities | 198,613 | 3,549 | (2,998 | ) | 199,164 | ||||||||||||||||||||
Equity securities in financial institutions | 481 | — | (32 | ) | 449 | ||||||||||||||||||||
Total | $ | 199,094 | $ | 3,549 | $ | (3,030 | ) | $ | 199,613 | ||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
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-back 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 amortized cost and fair value of securities at year end 2013 by contractual maturity were as follows. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. | |||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Due in one year or less | $ | 3,296 | $ | 3,309 | |||||||||||||||||||||
Due from one to five years | 21,451 | 21,334 | |||||||||||||||||||||||
Due from five to ten years | 34,288 | 34,403 | |||||||||||||||||||||||
Due after ten years | 73,169 | 73,139 | |||||||||||||||||||||||
Mortgage-backed securities in government sponsored entities | 66,409 | 66,979 | |||||||||||||||||||||||
Equity securities in financial institutions | 481 | 449 | |||||||||||||||||||||||
Total | $ | 199,094 | $ | 199,613 | |||||||||||||||||||||
Securities with a carrying value of $147,625 and $147,204 were pledged as of December 31, 2013 and 2012, respectively, to secure public deposits, other deposits and liabilities as required or permitted by law. | |||||||||||||||||||||||||
Proceeds from sales of securities, gross realized gains and gross realized losses were as follows. | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Sale proceeds | $ | 8,686 | $ | 12,982 | |||||||||||||||||||||
Gross realized gains | 144 | 99 | |||||||||||||||||||||||
Gross realized losses | (89 | ) | (59 | ) | |||||||||||||||||||||
Gains from securities called or settled by the issuer | 149 | — | |||||||||||||||||||||||
Debt securities with unrealized losses at year end 2013 and 2012 not recognized in income are as follows. | |||||||||||||||||||||||||
2013 | 12 Months or less | More than 12 months | Total | ||||||||||||||||||||||
Description of Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 30,800 | $ | (764 | ) | $ | — | $ | — | $ | 30,800 | $ | (764 | ) | |||||||||||
Obligations of states and political subdivisions | 28,428 | (1,556 | ) | 968 | (121 | ) | 29,396 | (1,677 | ) | ||||||||||||||||
Mortgage-backed securities in gov’t sponsored entities | 32,557 | (553 | ) | 279 | (4 | ) | 32,836 | (557 | ) | ||||||||||||||||
Equity securities in financial institutions | 449 | (32 | ) | — | — | 449 | (32 | ) | |||||||||||||||||
Total temporarily impaired | $ | 92,234 | $ | (2,905 | ) | $ | 1,247 | $ | (125 | ) | $ | 93,481 | $ | (3,030 | ) | ||||||||||
2012 | 12 Months or less | More than 12 months | Total | ||||||||||||||||||||||
Description of Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | 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 | ) | ||||||||||
The Company periodically evaluates securities for other-than-temporary impairment. An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis. Unrealized losses that are determined to be temporary in nature are recorded, net of tax, in accumulated other comprehensive income. | |||||||||||||||||||||||||
The Company has assessed each available-for-sale security position for credit impairment. Factors considered in determining whether a loss is temporary include: | |||||||||||||||||||||||||
• | The length of time and the extent to which fair value has been below cost; | ||||||||||||||||||||||||
• | The severity of impairment; | ||||||||||||||||||||||||
• | The cause of the impairment and the financial condition and near-term prospects of the issuer; | ||||||||||||||||||||||||
• | If the Company intends to sell the investment; | ||||||||||||||||||||||||
• | If it’s more-likely-than-not the Company will be required to sell the investment before recovering its amortized cost basis; and | ||||||||||||||||||||||||
• | If the Company does not expect to recover the investment’s entire amortized cost basis (even if the Company does not intend to sell the investment). | ||||||||||||||||||||||||
The Company’s review for impairment generally entails: | |||||||||||||||||||||||||
• | Identification and evaluation of investments that have indications of impairment; | ||||||||||||||||||||||||
• | Analysis of individual investments that have fair values less than amortized cost, including consideration of length of time investment has been in unrealized loss position and the expected recovery period; | ||||||||||||||||||||||||
• | Evaluation of factors or triggers that could cause individual investments to qualify as having other-than-temporary impairment; and | ||||||||||||||||||||||||
• | Documentation of these analyses, as required by policy. | ||||||||||||||||||||||||
At December 31, 2013, the Company owned ninety-one securities that were considered temporarily impaired. The unrealized losses on these securities have not been recognized into income because the issuers’ bonds 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 changes in market interest rates. The Company also considers sector specific credit rating changes in its analysis. The fair value is expected to recover as the securities approach their maturity date or reset date. The Company does not intend to sell until recovery and does not believe selling will be required before recovery. |
Loans
Loans | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Loans | ' | ||||||||
NOTE 3—LOANS | |||||||||
Loans at year-end were as follows. | |||||||||
2013 | 2012 | ||||||||
Commercial and agricultural | $ | 115,875 | $ | 100,661 | |||||
Commercial real estate | 443,846 | 434,808 | |||||||
Residential real estate | 250,691 | 250,598 | |||||||
Real estate construction | 39,964 | 19,677 | |||||||
Consumer and other | 10,865 | 9,809 | |||||||
Total Loans | 861,241 | 815,553 | |||||||
Allowance for loan losses | (16,528 | ) | (19,742 | ) | |||||
Net loans | $ | 844,713 | $ | 795,811 | |||||
Loans to principal officers, directors, and their affiliates at year-end 2013 and 2012 were as follows. | |||||||||
2013 | 2012 | ||||||||
Balance—Beginning of year | $ | 9,997 | $ | 10,922 | |||||
New loans and advances | 3,262 | 5,713 | |||||||
Repayments | (3,157 | ) | (6,788 | ) | |||||
Effect of changes to related parties | (808 | ) | 150 | ||||||
Balance—End of year | $ | 9,294 | $ | 9,997 |
Allowance_for_Loan_Losses
Allowance for Loan Losses | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||
NOTE 4—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 Company has segmented certain loans in the portfolio by product type. Loans are segmented into the following pools: Commercial and Agricultural loans, Commercial Real Estate loans, Residential Real Estate loans, Real Estate Construction loans and Consumer loans. Historical loss percentages for each risk category are calculated and used as the basis for calculating 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 the 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 Company considers the allowance for loan losses of $16,528 adequate to cover loan losses inherent in the loan portfolio, at December 31, 2013. The following tables present by portfolio segment, the changes in the allowance for loan losses, the ending allocation of the allowance for loan losses and the loan balances outstanding for the period ended December 31, 2013 and December 31, 2012. The changes can be impacted by overall loan volume, adversely graded loans, historical charge-offs and economic factors. | |||||||||||||||||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | and Other | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 2,811 | $ | 10,139 | $ | 5,780 | $ | 349 | $ | 246 | $ | 417 | $ | 19,742 | |||||||||||||||
Charge-offs | (483 | ) | (1,804 | ) | (2,907 | ) | (136 | ) | (220 | ) | — | (5,550 | ) | ||||||||||||||||
Recoveries | 141 | 449 | 458 | 108 | 80 | — | 1,236 | ||||||||||||||||||||||
Provision | 372 | (1,225 | ) | 1,893 | (137 | ) | 108 | 89 | 1,100 | ||||||||||||||||||||
Ending Balance | $ | 2,841 | $ | 7,559 | $ | 5,224 | $ | 184 | $ | 214 | $ | 506 | $ | 16,528 | |||||||||||||||
For the year ended December 31, 2013, the allowance for Commercial Real Estate loans was reduced not only by charge-offs, but also due to the specific reserve required for impaired loans within this segment. 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 for impaired loans and a reduction in the historical charge-offs for this segment. 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 | and Other | |||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 2,876 | $ | 10,571 | $ | 5,796 | $ | 974 | $ | 719 | $ | 321 | $ | 21,257 | |||||||||||||||
Charge-offs | (841 | ) | (3,440 | ) | (4,506 | ) | (446 | ) | (246 | ) | — | (9,479 | ) | ||||||||||||||||
Recoveries | 353 | 612 | 397 | 131 | 71 | — | 1,564 | ||||||||||||||||||||||
Provision | 423 | 2,396 | 4,093 | (310 | ) | (298 | ) | 96 | 6,400 | ||||||||||||||||||||
Ending Balance | $ | 2,811 | $ | 10,139 | $ | 5,780 | $ | 349 | $ | 246 | $ | 417 | $ | 19,742 | |||||||||||||||
For the year ended December 31, 2012, the allowance for both Real Estate Construction and Consumer loans was a negative provision made based on volume changes in the underlying loan portfolio. Total loans for these segments declined from the end of last year, leading to a smaller calculated required reserve. This is represented as a decrease in the provision. The allowance related to the unallocated segment increased, but remained at a level management feels is generally consistent with prior periods. | |||||||||||||||||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | and Other | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,262 | $ | 445 | $ | 802 | $ | — | $ | — | $ | — | $ | 2,509 | |||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 1,579 | $ | 7,114 | $ | 4,422 | $ | 184 | $ | 214 | $ | 506 | $ | 14,019 | |||||||||||||||
Ending balance | $ | 2,841 | $ | 7,559 | $ | 5,224 | $ | 184 | $ | 214 | $ | 506 | $ | 16,528 | |||||||||||||||
Loan balances outstanding: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,869 | $ | 10,175 | $ | 4,005 | $ | — | $ | 8 | $ | 18,057 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 112,006 | $ | 433,671 | $ | 246,686 | $ | 39,964 | $ | 10,857 | $ | 843,184 | |||||||||||||||||
Ending balance | $ | 115,875 | $ | 443,846 | $ | 250,691 | $ | 39,964 | $ | 10,865 | $ | 861,241 | |||||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | and Other | |||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
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 table represents credit exposures by internally assigned risk ratings for the periods ended December 31, 2013 and December 31, 2012. The risk rating analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all. The Company’s internal credit risk rating system is based on experiences with similarly graded loans. | |||||||||||||||||||||||||||||
The Company’s 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. | ||||||||||||||||||||||||||||
December 31, 2013 | Commercial | Commercial | Residential | Real Estate | Consumer | Total | |||||||||||||||||||||||
& | Real Estate | Real Estate | Construction | and Other | |||||||||||||||||||||||||
Agriculture | |||||||||||||||||||||||||||||
Pass | $ | 107,923 | $ | 415,938 | $ | 98,700 | $ | 35,495 | $ | 2,252 | $ | 660,308 | |||||||||||||||||
Special Mention | 2,038 | 9,145 | 986 | 21 | — | 12,190 | |||||||||||||||||||||||
Substandard | 5,914 | 18,763 | 8,175 | — | 70 | 32,922 | |||||||||||||||||||||||
Doubtful | — | — | 2,349 | — | — | 2,349 | |||||||||||||||||||||||
Ending Balance | $ | 115,875 | $ | 443,846 | $ | 110,210 | $ | 35,516 | $ | 2,322 | $ | 707,769 | |||||||||||||||||
December 31, 2012 | Commercial | Commercial | Residential | Real Estate | Consumer | Total | |||||||||||||||||||||||
& | Real Estate | Real Estate | Construction | and Other | |||||||||||||||||||||||||
Agriculture | |||||||||||||||||||||||||||||
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 periods ended December 31, 2013 and December 31, 2012 that have not been assigned an internal risk grade. These types of loans presented here are not assigned a risk grade unless there is evidence of a problem. Payment activity is reviewed by management on a monthly basis to evaluate performance. Loans are considered to be nonperforming when they become 90 days past due or if management thinks that we may not collect all of our principal and interest. 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 the Company’s loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions due to economic status. 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 | and Other | |||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
Performing | $ | 140,481 | $ | 4,448 | $ | 8,543 | $ | 153,472 | |||||||||||||||||||||
Nonperforming | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 140,481 | $ | 4,448 | $ | 8,543 | $ | 153,472 | |||||||||||||||||||||
Residential | Real Estate | Consumer | Total | ||||||||||||||||||||||||||
Real Estate | Construction | and Other | |||||||||||||||||||||||||||
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 | |||||||||||||||||||||
Following tables include an aging analysis of the recorded investment of past due loans outstanding as of December 31, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | 30-59 | 60-89 | 90 Days | Total Past | Current | Total | Past Due | ||||||||||||||||||||||
Days | Days | or Greater | Due | Loans | 90 Days | ||||||||||||||||||||||||
Past Due | Past Due | and | |||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
Commericial & Agriculture | $ | 105 | $ | — | $ | 443 | $ | 548 | $ | 115,327 | $ | 115,875 | $ | — | |||||||||||||||
Commercial Real Estate | 655 | 201 | 2,098 | 2,954 | 440,892 | 443,846 | — | ||||||||||||||||||||||
Residential Real Estate | 3,140 | 1,084 | 5,531 | 9,755 | 240,936 | 250,691 | — | ||||||||||||||||||||||
Real Estate Construction | — | — | — | — | 39,964 | 39,964 | — | ||||||||||||||||||||||
Consumer and Other | 170 | 20 | — | 190 | 10,675 | 10,865 | — | ||||||||||||||||||||||
Total | $ | 4,070 | $ | 1,305 | $ | 8,072 | $ | 13,447 | $ | 847,794 | $ | 861,241 | $ | — | |||||||||||||||
December 31, 2012 | 30-59 | 60-89 | 90 Days | Total Past | Current | Total | Past Due | ||||||||||||||||||||||
Days | Days | or Greater | Due | Loans | 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 and Other | 127 | 20 | 29 | 176 | 9,633 | 9,809 | — | ||||||||||||||||||||||
Total | $ | 4,044 | $ | 1,839 | $ | 16,319 | $ | 22,202 | $ | 793,351 | $ | 815,553 | $ | 80 | |||||||||||||||
The following table presents loans on nonaccrual status as of December 31, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Commericial & Agriculture | $ | 1,590 | $ | 2,869 | |||||||||||||||||||||||||
Commercial Real Estate | 9,609 | 16,250 | |||||||||||||||||||||||||||
Residential Real Estate | 9,210 | 9,701 | |||||||||||||||||||||||||||
Real Estate Construction | — | 958 | |||||||||||||||||||||||||||
Consumer and Other | 50 | 77 | |||||||||||||||||||||||||||
Total | $ | 20,459 | $ | 29,855 | |||||||||||||||||||||||||
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 the Company 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. A loan may be returned to accruing status only if one of three conditions are met: the loan is well-secured and none of the principal and interest has been past due for a minimum of 90 days; the loan is a TDR and has made a minimum of six months payments; or the principal and interest payments are reasonably assured and a sustained period of performance has occurred, generally six months. | |||||||||||||||||||||||||||||
Loan modifications that are considered TDRs completed during the quarters and twelve month periods ended December 31, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||||||||||||
For the Twelve Month Period Ended | For the Twelve Month Period Ended | ||||||||||||||||||||||||||||
December 31, 2013 | December 31, 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 | $ | 984 | $ | 976 | |||||||||||||||||||
Commercial Real Estate | 2 | 547 | 547 | 3 | 1,205 | 1,205 | |||||||||||||||||||||||
Residential Real Estate | — | — | — | 25 | 1,740 | 1,662 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer and Other | — | — | — | 5 | 66 | 66 | |||||||||||||||||||||||
Total Loan Modifications | 2 | $ | 547 | $ | 547 | 39 | $ | 3,995 | $ | 3,909 | |||||||||||||||||||
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 do defaults on new originations loans, so modified loans present a higher risk of loss than do new origination loans. | |||||||||||||||||||||||||||||
During both the twelve month period ended December 31, 2013 and December 31, 2012, there were no defaults on loans that were modified and considered TDRs during the respective twelve previous months. | |||||||||||||||||||||||||||||
Impaired Loans: Larger (greater than $500) commercial loans and commercial real estate loans, all TDRs and residential real estate and consumer loans that are part of a larger relationship 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. | |||||||||||||||||||||||||||||
The following tables include the recorded investment and unpaid principal balances for impaired financing receivables with the associated allowance amount, if applicable as of December 31, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commericial & Agriculture | $ | 1,525 | $ | 1,657 | $ | — | $ | 5,053 | $ | 5,226 | $ | — | |||||||||||||||||
Commercial Real Estate | 5,983 | 6,214 | — | 5,446 | 8,114 | — | |||||||||||||||||||||||
Residential Real Estate | 1,202 | 2,263 | — | 2,566 | 5,346 | — | |||||||||||||||||||||||
Real Estate Construction | — | — | — | — | 521 | — | |||||||||||||||||||||||
Consumer and Other | 8 | 8 | — | 1 | 1 | — | |||||||||||||||||||||||
Total | 8,718 | 10,142 | — | 13,066 | 19,208 | — | |||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commericial & Agriculture | 2,344 | 2,437 | 1,262 | 367 | 385 | 286 | |||||||||||||||||||||||
Commercial Real Estate | 4,192 | 4,496 | 445 | 8,495 | 8,681 | 2,354 | |||||||||||||||||||||||
Residential Real Estate | 2,803 | 4,021 | 802 | 3,561 | 4,554 | 1,199 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | 541 | 547 | 107 | |||||||||||||||||||||||
Consumer and Other | — | — | — | 60 | 60 | 60 | |||||||||||||||||||||||
Total | 9,339 | 10,954 | 2,509 | 13,024 | 14,227 | 4,006 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commericial & Agriculture | 3,869 | 4,094 | 1,262 | 5,420 | 5,611 | 286 | |||||||||||||||||||||||
Commercial Real Estate | 10,175 | 10,710 | 445 | 13,941 | 16,795 | 2,354 | |||||||||||||||||||||||
Residential Real Estate | 4,005 | 6,284 | 802 | 6,127 | 9,900 | 1,199 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | 541 | 1,068 | 107 | |||||||||||||||||||||||
Consumer and Other | 8 | 8 | — | 61 | 61 | 60 | |||||||||||||||||||||||
Total | $ | 18,057 | $ | 21,096 | $ | 2,509 | $ | 26,090 | $ | 33,435 | $ | 4,006 | |||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
For the year ended: | Average | Interest | Average | Interest | |||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
Commericial & Agriculture | $ | 4,761 | $ | 186 | $ | 4,762 | $ | 276 | |||||||||||||||||||||
Commercial Real Estate | 11,919 | 521 | 16,482 | 958 | |||||||||||||||||||||||||
Residential Real Estate | 5,038 | 282 | 4,909 | 557 | |||||||||||||||||||||||||
Real Estate Construction | 302 | — | 533 | 25 | |||||||||||||||||||||||||
Consumer and Other | 31 | — | 34 | 2 | |||||||||||||||||||||||||
Total | $ | 22,051 | $ | 989 | $ | 26,720 | $ | 1,818 | |||||||||||||||||||||
Other_Comprehensive_Income
Other Comprehensive Income | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||
Other Comprehensive Income | ' | ||||||||||||||||||||||||
NOTE 5—OTHER COMPREHENSIVE INCOME | |||||||||||||||||||||||||
The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, as of December 31, 2013 and December 31, 2012. | |||||||||||||||||||||||||
For the Year Ended | For the Year Ended | ||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||
Unrealized | Defined | Total | Unrealized | Defined | Total | ||||||||||||||||||||
Gains and | Benefit | Gains and | Benefit | ||||||||||||||||||||||
Losses on | Pension | Losses on | Pension | ||||||||||||||||||||||
Available | Items | Available | Items | ||||||||||||||||||||||
for Sale | for Sale | ||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||
Beginning balance | $ | 5,849 | $ | (7,496 | ) | $ | (1,647 | ) | $ | 5,461 | $ | (5,629 | ) | $ | (168 | ) | |||||||||
Other comprehensive income (loss) before reclassifications | (5,373 | ) | — | (5,373 | ) | 414 | — | 414 | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (135 | ) | 2,908 | 2,773 | (26 | ) | (1,867 | ) | (1,893 | ) | |||||||||||||||
Net current-period other comprehensive income (loss) | (5,508 | ) | 2,908 | (2,600 | ) | 388 | (1,867 | ) | (1,479 | ) | |||||||||||||||
Ending balance | $ | 341 | $ | (4,588 | ) | $ | (4,247 | ) | $ | 5,849 | $ | (7,496 | ) | $ | (1,647 | ) | |||||||||
Amounts in parentheses indicate debits. | |||||||||||||||||||||||||
The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss as of December 31, 2013 and December 31, 2012: | |||||||||||||||||||||||||
Amount Reclassified from | |||||||||||||||||||||||||
Accumulated Other Comprehensive | |||||||||||||||||||||||||
Loss (a) | |||||||||||||||||||||||||
Details about Accumulated Other | For the year | For the year | Affected Line Item in the | ||||||||||||||||||||||
Comprehensive Loss Components | ended December 31, | ended December 31, | Statement Where Net Income is Presented | ||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 204 | $ | 40 | Net gain on sale of securities | ||||||||||||||||||||
Tax effect | (69 | ) | (14 | ) | Income tax expense | ||||||||||||||||||||
135 | 26 | Net of tax | |||||||||||||||||||||||
Amortization of defined benefit pension items | |||||||||||||||||||||||||
Actuarial gains/(losses) | (4,406 | )(b) | 2,829 | (b) | Salaries, wages and benefits | ||||||||||||||||||||
Tax effect | 1,498 | (962 | ) | Income tax expense | |||||||||||||||||||||
(2,908 | ) | 1,867 | Net of tax | ||||||||||||||||||||||
Total reclassifications for the period | $ | (2,773 | ) | $ | 1,893 | 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. |
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Premises and Equipment | ' | ||||||||
NOTE 6—PREMISES AND EQUIPMENT | |||||||||
Year-end premises and equipment were as follows. | |||||||||
2013 | 2012 | ||||||||
Land and improvements | $ | 4,083 | $ | 4,094 | |||||
Buildings and improvements | 19,681 | 19,482 | |||||||
Furniture and equipment | 20,153 | 19,180 | |||||||
Total | 43,917 | 42,756 | |||||||
Accumulated depreciation | (26,990 | ) | (25,590 | ) | |||||
Premises and equipment, net | $ | 16,927 | $ | 17,166 | |||||
Depreciation expense was $1,509 and $1,493 for 2013 and 2012, respectively. | |||||||||
Rent expense was $367 and $344 for 2013 and 2012, respectively. Rent commitments under non-cancelable operating leases at December 31, 2013 were as follows, before considering renewal options that generally are present. | |||||||||
2014 | $ | 359 | |||||||
2015 | 274 | ||||||||
2016 | 231 | ||||||||
2017 | 213 | ||||||||
2018 | 117 | ||||||||
Thereafter | 87 | ||||||||
Total | $ | 1,281 | |||||||
The rent commitments listed above are primarily for the leasing of five financial services branches. |
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||
Goodwill and Intangible Assets | ' | ||||||||||||||||
NOTE 7—GOODWILL AND INTANGIBLE ASSETS | |||||||||||||||||
There has been no change in the carrying amount of goodwill of $21,720 for the years ended December 31, 2013 and December 31, 2012. | |||||||||||||||||
Management performs an annual evaluation of goodwill for impairment, or more frequently if events or changes in circumstances indicate that the asset might be impaired. Management performed an evaluation of the Company’s goodwill during the fourth quarter of 2013. In performing its evaluation, management obtained several commonly used financial ratios from pending and completed purchase transactions for banks based in the Midwest. Management used these ratios to determine an implied market value for the Company. The implied market value was then used to determine whether or not additional testing was required. Based on this test, management concluded that the Company’s goodwill was not impaired at December 31, 2013. | |||||||||||||||||
Acquired Intangible Assets | |||||||||||||||||
Acquired intangible assets were as follows as of year end. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Gross | Accumulated | Gross | Accumulated | ||||||||||||||
Carrying | Amortization | Carrying | Amortization | ||||||||||||||
Amount | Amount | ||||||||||||||||
Core deposit and other intangibles | $ | 11,619 | $ | 9,326 | $ | 11,619 | $ | 8,480 | |||||||||
Aggregate amortization expense was $846 and $974 for 2013 and 2012. | |||||||||||||||||
Estimated amortization expense for each of the next five years and thereafter is as follows. | |||||||||||||||||
2014 | $ | 769 | |||||||||||||||
2015 | 555 | ||||||||||||||||
2016 | 522 | ||||||||||||||||
2017 | 447 | ||||||||||||||||
Thereafter | — | ||||||||||||||||
$ | 2,293 | ||||||||||||||||
InterestBearing_Deposits
Interest-Bearing Deposits | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Text Block [Abstract] | ' | ||||||||
Interest-Bearing Deposits | ' | ||||||||
NOTE 8—INTEREST-BEARING DEPOSITS | |||||||||
Interest-bearing deposits as of December 31, 2013 and 2012 were as follows. | |||||||||
2013 | 2012 | ||||||||
Demand | $ | 168,113 | $ | 170,190 | |||||
Statement and Passbook Savings | 303,037 | 289,781 | |||||||
Certificates of Deposit: | |||||||||
In excess of $100 | 66,561 | 76,261 | |||||||
Other | 139,586 | 154,843 | |||||||
Individual Retirement Accounts | 30,202 | 32,898 | |||||||
Total | $ | 707,499 | $ | 723,973 | |||||
Scheduled maturities of certificates of deposit, including IRA’s at December 31, 2013 were as follows. | |||||||||
2014 | $ | 156,593 | |||||||
2015 | 43,240 | ||||||||
2016 | 13,384 | ||||||||
2017 | 9,635 | ||||||||
2018 | 3,995 | ||||||||
Thereafter | 9,502 | ||||||||
Total | $ | 236,349 | |||||||
Deposits from principal officers, directors, and their affiliates at year-end 2013 and 2012 were $8,606 and $8,493, respectively. |
Federal_Home_Loan_Bank_Advance
Federal Home Loan Bank Advances | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Banking And Thrift [Abstract] | ' | ||||
Federal Home Loan Bank Advances | ' | ||||
NOTE 9—FEDERAL HOME LOAN BANK ADVANCES | |||||
The Company has a $40,000 cash management advance line of credit with the FHLB. The Company had no outstanding balance on this line as of December 31, 2013 and December 31, 2012. The Company also has an $80,000 repo advance line with the FHLB with no outstanding balances as of December 31, 2013 and December 31, 2012. | |||||
Advances from the FHLB were $37,726 at December 31, 2013 and $40,261 at December 31, 2012. Outstanding balances have maturity dates ranging June 2014 to January 2017 and fixed rates ranging from 2.06% to 4.85%. The average rate on outstanding advances was 2.56%. | |||||
Scheduled principal reductions of FHLB advances at December 31, 2013 were as follows. | |||||
2014 | $ | 30,226 | |||
2015 | 5,000 | ||||
2017 | 2,500 | ||||
Total | $ | 37,726 | |||
In addition to the borrowings, the Company has outstanding letters of credit with the FHLB totaling $23,300 at year-end 2013 and $23,600 at year-end 2012 used for pledging to secure public funds. FHLB borrowings and the letters of credit are collateralized by FHLB stock and by $91,540 and $95,792 of residential mortgage loans under a blanket lien arrangement at year-end 2013 and 2012, respectively. | |||||
The Company had a FHLB maximum borrowing capacity of $130,450 as of December 31, 2013, with remaining borrowing capacity of approximately $69,423. The borrowing arrangement with the FHLB is subject to annual renewal. The maximum borrowing capacity is recalculated at least quarterly. |
Securities_Sold_Under_Agreemen
Securities Sold Under Agreements to Repurchase | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||
Securities Sold Under Agreements to Repurchase | ' | ||||||||||||
NOTE 10—SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | |||||||||||||
Information concerning securities sold under agreements to repurchase and treasury tax and loan deposits were as follows. | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Average balance during the year | $ | 20,749 | $ | 18,912 | $ | 21,588 | |||||||
Average interest rate during the year | 0.1 | % | 0.11 | % | 0.15 | % | |||||||
Maximum month-end balance during the year | $ | 24,257 | $ | 23,328 | $ | 25,246 | |||||||
Weighted average interest rate at year end | 0.1 | % | 0.11 | % | 0.16 | % | |||||||
Securities underlying repurchase agreements had a fair value of $20,053 at December 31, 2013 and $23,219 at December 31, 2012. |
Subordinated_Debentures
Subordinated Debentures | 12 Months Ended |
Dec. 31, 2013 | |
Brokers And Dealers [Abstract] | ' |
Subordinated Debentures | ' |
NOTE 11—SUBORDINATED DEBENTURES | |
Trusts formed by the Company issued floating rate trust preferred securities, in the amounts of $5,000 and $7,500, through special purpose entities as part of pooled offerings of such securities. The Company issued subordinated debentures to the trusts in exchange for the proceeds of the offerings, which debentures represent the sole assets of the trusts. The Company may redeem the subordinated debentures, in whole but not in part, at face value. In April 2007, the Company elected to redeem and refinance the $5,000 floating rate subordinated debenture. The refinancing was done at face value and resulted in a 2.00% reduction in the rate. The new subordinated debenture has a 30 year maturity and is redeemable, in whole or in part, anytime without penalty. The replacement subordinated debenture does not have any deferred issuance cost associated with it. The interest rate at December 31, 2013 on the $7,500 debenture is 3.40% and the $5,000 debenture is 1.84%. | |
Additionally, the Company formed an additional trust that issued $12,500 of 6.05% fixed rate trust preferred securities for five years, then becoming floating rate trust preferred securities, through a special purpose entity as part of a pooled offering of such securities. The Company issued subordinated debentures to the trusts in exchange for the proceeds of the offerings, which debentures represent the sole assets of the trusts. The Company may redeem the subordinated debentures at face value without penalty. The current rate on the $12,500 subordinated debenture is 2.50%. | |
Finally, the Company acquired two additional trust preferred securities as part of its acquisition of Futura Banc Corp (Futura) in December 2007. Futura TPF Trust I and Futura TPF Trust II were formed in June of 2005 in the amounts of $2,500 and $1,927, respectively. Futura had issued subordinated debentures to the trusts in exchange for ownership of all of the common security of the trusts and the proceeds of the preferred securities sold by the trusts. The Company may redeem the subordinated debentures, in whole or in part, in a principal amount with integral multiples of $1,000, on or after June 15, 2010 at 100% of the principal amount, plus accrued and unpaid interest. The subordinated debentures mature on June 15, 2035. The subordinated debentures are also redeemable in whole or in part from time to time, upon the occurrence of specific events defined within the trust indenture. The current rate on the $2,500 subordinated debenture is variable at 1.90%. In June 2010, the rate on the $1,927 subordinated debenture switched from a fixed rate to a floating rate. The current rate on the $1,927 subordinated debenture is 1.90%. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Income Taxes | ' | ||||||||
NOTE 12—INCOME TAXES | |||||||||
Income tax expense was as follows. | |||||||||
2013 | 2012 | ||||||||
Current | $ | 11 | $ | 1,395 | |||||
Deferred | 1,362 | 330 | |||||||
Income tax expense | $ | 1,373 | $ | 1,725 | |||||
Effective tax rates differ from the statutory federal income tax rate of 34% due to the following. | |||||||||
2013 | 2012 | ||||||||
Income taxes computed at the statutory federal tax rate | $ | 2,568 | $ | 2,483 | |||||
Add (subtract) tax effect of: | |||||||||
Nontaxable interest income, net of nondeductible interest expense | (781 | ) | (630 | ) | |||||
Low income housing tax credit | (280 | ) | — | ||||||
Cash surrender value of BOLI | (189 | ) | (213 | ) | |||||
Other | 55 | 85 | |||||||
Income tax expense | $ | 1,373 | $ | 1,725 | |||||
There were no tax benefits attributable to security losses in 2013 and 2012. | |||||||||
Year-end deferred tax assets and liabilities were due to the following. | |||||||||
2013 | 2012 | ||||||||
Deferred tax assets | |||||||||
Allowance for loan losses | $ | 5,620 | $ | 6,712 | |||||
Deferred compensation | 1,223 | 1,057 | |||||||
Intangible assets | 50 | 182 | |||||||
Pension costs | 996 | 2,775 | |||||||
Impairment losses | 146 | 195 | |||||||
Other | 133 | 171 | |||||||
Deferred tax asset | 8,168 | 11,092 | |||||||
Deferred tax liabilities | |||||||||
Tax depreciation in excess of book depreciation | (466 | ) | (295 | ) | |||||
Discount accretion on securities | (77 | ) | (73 | ) | |||||
Purchase accounting adjustments | (1,465 | ) | (1,774 | ) | |||||
FHLB stock dividends | (2,249 | ) | (2,249 | ) | |||||
Unrealized gain on securities available for sale | (176 | ) | (3,013 | ) | |||||
Other | (174 | ) | (105 | ) | |||||
Deferred tax liability | (4,607 | ) | (7,509 | ) | |||||
Net deferred tax asset | $ | 3,561 | $ | 3,583 | |||||
The Company and its subsidiaries are subject to U.S. federal income tax as well as income tax of the State of Ohio for all affiliates other than Citizens. Citizens is subject to tax in Ohio based upon its net worth. | |||||||||
There is currently no liability for uncertain tax positions and no known unrecognized tax benefits. The Company’s federal tax returns for taxable years through 2009 have been closed for purposes of examination by the Internal Revenue Service. |
Retirement_Plans
Retirement Plans | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Retirement Plans | ' | ||||||||||||||||
NOTE 13—RETIREMENT PLANS | |||||||||||||||||
The Company sponsors a savings and retirement 401(k) plan, which covers all employees who meet certain eligibility requirements and who choose to participate in the plan. The matching contribution to the 401(k) plan was $204 in 2013 and $190 in 2012. | |||||||||||||||||
The Company also sponsors a pension plan which is a noncontributory defined benefit retirement plan for all employees who have attained the age of 20 1⁄2, completed six months of service and work 1,000 or more hours per year. Annual payments, subject to the maximum amount deductible for federal income tax purposes, are made to a pension trust fund. In 2006, the Company amended the pension plan to provide that no employee could be added as a participant to the pension plan after December 31, 2006. | |||||||||||||||||
Information about the pension plan is as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Change in benefit obligation: | |||||||||||||||||
Beginning benefit obligation | $ | 21,604 | $ | 16,934 | |||||||||||||
Service cost | 1,204 | 939 | |||||||||||||||
Interest cost | 884 | 915 | |||||||||||||||
Settlement loss | 821 | — | |||||||||||||||
Actuarial (gain)/loss | (1,272 | ) | 3,474 | ||||||||||||||
Benefits paid | (4,785 | ) | (658 | ) | |||||||||||||
Ending benefit obligation | 18,456 | 21,604 | |||||||||||||||
Change in plan assets, at fair value: | |||||||||||||||||
Beginning plan assets | 13,441 | 11,445 | |||||||||||||||
Actual return | 1,943 | 1,181 | |||||||||||||||
Employer contribution | 4,900 | 1,510 | |||||||||||||||
Benefits paid | (4,785 | ) | (658 | ) | |||||||||||||
Administrative expenses | (33 | ) | (37 | ) | |||||||||||||
Ending plan assets | 15,466 | 13,441 | |||||||||||||||
Funded status at end of year | $ | (2,990 | ) | $ | (8,163 | ) | |||||||||||
Amounts recognized in accumulated other comprehensive income at December 31, consist of: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Unrecognized actuarial loss (net of tax, of $2,364 in 2013 and $3,862 in 2012) | $ | 4,588 | $ | 7,496 | |||||||||||||
The accumulated benefit obligation for the defined benefit pension plan was $14,537 at December 31, 2013 and $17,379 at December 31, 2012. | |||||||||||||||||
The components of net periodic pension expense were as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Service cost | $ | 1,204 | $ | 939 | |||||||||||||
Interest cost | 884 | 915 | |||||||||||||||
Expected return on plan assets | (965 | ) | (858 | ) | |||||||||||||
Net amortization and deferral | 698 | 359 | |||||||||||||||
Net periodic benefit cost | $ | 1,821 | $ | 1,355 | |||||||||||||
Net loss (gain) recognized in other comprehensive income | (4,406 | ) | 2,829 | ||||||||||||||
Total recognized in net periodic benefit cost and other comprehensive income (before tax) | $ | (2,585 | ) | $ | 4,184 | ||||||||||||
The estimated net loss and prior service costs for the defined benefit pension plan that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year is $352. | |||||||||||||||||
The weighted average assumptions used to determine benefit obligations at year-end were as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Discount rate on benefit obligation | 4.38 | % | 3.72 | % | |||||||||||||
Long-term rate of return on plan assets | 7 | % | 7 | % | |||||||||||||
Rate of compensation increase | 3 | % | 3 | % | |||||||||||||
The weighted average assumptions used to determine net periodic pension cost were as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Discount rate on benefit obligation | 3.72 | % | 4.6 | % | |||||||||||||
Long-term rate of return on plan assets | 7 | % | 7 | % | |||||||||||||
Rate of compensation increase | 3 | % | 3 | % | |||||||||||||
The Company uses long-term market rates to determine the discount rate on the benefit obligation. Declines in the discount rate lead to increases in the actuarial loss related to the benefit obligation. | |||||||||||||||||
The expectation for long-term rate of return on the pension assets and the expected rate of compensation increases are reviewed periodically by management in consultation with outside actuaries and primary investment consultants. Factors considered in setting and adjusting these rates are historic and projected rates of return on the portfolio and historic and estimated rates of increases of compensation. | |||||||||||||||||
The Company’s pension plan asset allocation at year-end 2012, and 2013 and target allocation for 2014 by asset category are as follows. | |||||||||||||||||
Target | Percentage of Plan | ||||||||||||||||
Allocation | Assets | ||||||||||||||||
at Year-end | |||||||||||||||||
Asset Category | 2014 | 2013 | 2012 | ||||||||||||||
Equity securities | 20-50 | % | 46.5 | % | 45.5 | % | |||||||||||
Debt securities | 30-60 | 53 | 53.9 | ||||||||||||||
Money market funds | 20-30 | 0.5 | 0.6 | ||||||||||||||
Total | 100 | % | 100 | % | |||||||||||||
The Company developed the pension plan investment policies and strategies for plan assets with its pension management firm. The assets are currently invested in five diversified investment funds, which include three equity funds, one money market fund and one bond fund. The long-term guidelines from above were created to maximize the return on portfolio assets while reducing the risk of the portfolio. The management firm may allocate assets among the separate accounts within the established long-term guidelines. Transfers among these accounts will be at the management firm’s discretion based on their investment outlook and the investment strategies that are outlined at periodic meetings with the Company. The expected long-term rate of return on the plan assets was 7.00% in 2013 and 2012. This return is based on the expected return for each of the asset categories, weighted based on the target allocation for each class. | |||||||||||||||||
The Company expects to contribute $1,275 to its pension plan in 2014. Employer contributions totaled $4,900 in 2013. The decrease in the benefit obligation, contributions and the increase in plan assets led to a change in funded status from $(8,163) to $(2,990). | |||||||||||||||||
The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2013 and 2012: | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Money market funds | $ | 79 | $ | — | $ | — | $ | 79 | |||||||||
Bond mutual funds | 48 | — | — | 48 | |||||||||||||
Common/collective trust: | |||||||||||||||||
Bonds | 8,140 | — | — | 8,140 | |||||||||||||
Equities | 5,439 | — | — | 5,439 | |||||||||||||
Equity market funds: | |||||||||||||||||
Commodity mutual funds | 21 | — | — | 21 | |||||||||||||
International | 337 | — | — | 337 | |||||||||||||
Large cap | 1,093 | — | — | 1,093 | |||||||||||||
Mid cap | 181 | — | — | 181 | |||||||||||||
Small cap | 128 | — | — | 128 | |||||||||||||
Total assets at fair value | $ | 15,466 | $ | — | $ | — | $ | 15,466 | |||||||||
December 31, 2012 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Money market funds | $ | 76 | $ | — | $ | — | $ | 76 | |||||||||
Bond mutual funds | 86 | — | — | 86 | |||||||||||||
Common/collective trust: | |||||||||||||||||
Bonds | 7,158 | — | — | 7,158 | |||||||||||||
Equities | 4,772 | — | — | 4,772 | |||||||||||||
Equity market funds: | |||||||||||||||||
Commodity mutual funds | 23 | — | — | 23 | |||||||||||||
International | 240 | — | — | 240 | |||||||||||||
Large cap | 808 | — | — | 808 | |||||||||||||
Mid cap | 177 | — | — | 177 | |||||||||||||
Small cap | 101 | — | — | 101 | |||||||||||||
Total assets at fair value | $ | 13,441 | $ | — | $ | — | $ | 13,441 | |||||||||
Investment in equity securities, debt securities, and money market funds are valued at the closing price reported on the active market on which the individual securities are traded. | |||||||||||||||||
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. | |||||||||||||||||
Expected benefit payments, which reflect expected future service, are as follows. | |||||||||||||||||
2014 | $ | 396 | |||||||||||||||
2015 | 512 | ||||||||||||||||
2016 | 637 | ||||||||||||||||
2017 | 842 | ||||||||||||||||
2018 | 900 | ||||||||||||||||
2019 through 2023 | 6,951 | ||||||||||||||||
Total | $ | 10,238 | |||||||||||||||
Supplemental Retirement Plan | |||||||||||||||||
Citizens established a supplemental retirement plan (“SERP”) which covers key members of management in 2013. Participants will receive annually a percentage of their base compensations at the time of their retirement for a maximum of ten years. The liability recorded at December 31, 2013, was $1,111, compared to $700 at December 31, 2012. The expense related to the plan was $412 for 2013 and $369 for 2012. No distributions to participants were made in either 2013 or 2012. |
Stock_Options
Stock Options | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||
Stock Options | ' | ||||||||||||||||
NOTE 14—STOCK OPTIONS | |||||||||||||||||
Options to buy stock were previously granted to directors, officers and employees under the Company’s stock option plan, which was approved by shareholders on April 18, 2000 and authorized the Company to issue up to 225,000 options. The exercise price of the stock options was the market price at date of grant. The maximum option term was ten years, and options vested after three years. The Company’s stock option plan expired in 2010, and no further stock options may be granted under the plan. There were no outstanding stock options at December 31, 2013. | |||||||||||||||||
A summary of the activity in the stock option plan is as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Shares | Weighted | Shares | Weighted | ||||||||||||||
Average | Average | ||||||||||||||||
Exercise | Exercise | ||||||||||||||||
Price | Price | ||||||||||||||||
Outstanding at beginning of year | 10,000 | $ | 35 | 29,500 | $ | 25.42 | |||||||||||
Granted | — | — | — | — | |||||||||||||
Exercised | — | — | — | — | |||||||||||||
Forfeited | — | — | — | — | |||||||||||||
Expired | (10,000 | ) | 35 | (19,500 | ) | 20.5 | |||||||||||
Outstanding at end of year | — | $ | — | 10,000 | $ | 35 | |||||||||||
Options exercisable at year-end | — | $ | — | 10,000 | $ | 35 | |||||||||||
The intrinsic value for stock options is calculated based on the exercise price of the underlying awards and the market price of the common stock as of the reporting date. As of December 31, 2012, there were no options that had intrinsic value. |
Fair_Value_Measurement
Fair Value Measurement | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Measurement | ' | ||||||||||||||||||||
NOTE 15—FAIR VALUE MEASUREMENT | |||||||||||||||||||||
U.S. generally accepted accounting principles establish a hierarchal disclosure framework associated with the level of observable pricing utilized in measuring assets and liabilities at fair value. The three broad levels defined by the hierarchy are as follows: 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 Company’s own view about the assumptions that market participants would use in pricing an asset. | |||||||||||||||||||||
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). 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 Company’s equity securities are not actively traded in an open market. The fair values of these equity securities available for sale are 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 Company 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 Company 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 December 31, 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 | $ | — | $ | 51,560 | $ | — | |||||||||||||||
Obligations of states and political subdivisions | — | 80,625 | — | ||||||||||||||||||
Mortgage-backed securities in government sponsored entities | — | 66,979 | — | ||||||||||||||||||
Equity securities in financial institutions | — | 449 | — | ||||||||||||||||||
Assets measured at fair value on a nonrecurring basis: | |||||||||||||||||||||
Impaired Loans | $ | — | $ | — | $ | 15,548 | |||||||||||||||
Other Real Estate Owned | — | — | 173 | ||||||||||||||||||
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 tables 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, 2013 and 2012. | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
31-Dec-13 | Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||||
Impaired loans | $ | 15,548 | 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 | $ | 173 | Appraisal of collateral | Appraisal adjustments | 10% - 30 | % | |||||||||||||||
Liquidation expense | 0% - 10 | % | |||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
31-Dec-12 | Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||||
Investments | $ | 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 fiscal periods ended December 31, 2013 and 2012. The Company 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 | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Beginning balance January 1, | $ | 468 | $ | 517 | |||||||||||||||||
Principal payments | (468 | ) | (49 | ) | |||||||||||||||||
Ending balance December 31, | $ | — | $ | 468 | |||||||||||||||||
The carrying amount and fair value of financial instruments were as follows. | |||||||||||||||||||||
December 31, 2013 | Carrying | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Amount | |||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and due from financial institutions | $ | 33,883 | $ | 33,883 | $ | 33,883 | $ | — | $ | — | |||||||||||
Securities available for sale | 199,613 | 199,613 | — | 199,613 | — | ||||||||||||||||
Other securities | 15,424 | 15,424 | 15,424 | — | — | ||||||||||||||||
Loans, available for sale | 438 | 438 | 438 | — | — | ||||||||||||||||
Loans, net of allowance for loan losses | 844,713 | 861,252 | — | — | 861,252 | ||||||||||||||||
Bank owned life insurance | 19,145 | 19,145 | 19,145 | — | — | ||||||||||||||||
Accrued interest receivable | 3,881 | 3,881 | 3,881 | — | — | ||||||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Nonmaturing deposits | 706,126 | 706,126 | 706,126 | — | — | ||||||||||||||||
Time deposits | 236,349 | 237,837 | — | — | 237,837 | ||||||||||||||||
Federal Home Loan Bank advances | 37,726 | 38,767 | — | — | 38,767 | ||||||||||||||||
Securities sold under agreement to repurchase | 20,053 | 20,053 | 20,053 | — | — | ||||||||||||||||
Subordinated debentures | 29,427 | 20,605 | — | — | 20,605 | ||||||||||||||||
Accrued interest payable | 156 | 156 | 156 | — | — | ||||||||||||||||
December 31, 2012 | Carrying | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Amount | |||||||||||||||||||||
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 | — | — | ||||||||||||||||
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 | — | — | ||||||||||||||||
The estimated fair value approximates carrying amount for all items except those described below. Estimated fair value for securities is based on quoted market values for the individual securities or for equivalent securities. For fixed rate loans or deposits and for variable rate loans or deposits with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the cash flow analysis or underlying collateral values. Fair value of debt is based on current rates for similar financing. The fair value of off-balance-sheet items is based on the current fees or cost that would be charged to enter into or terminate such arrangements and are considered nominal. | |||||||||||||||||||||
For certain homogeneous categories of loans, such as some residential mortgages, credit card receivables, and other consumer loans, fair value is estimated using the quoted market prices for securities backed by similar loans, adjusted for differences in loan characteristics. The fair value of other types of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. |
Commitments_Contingencies_and_
Commitments, Contingencies and Off-Balance-Sheet Risk | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||||||||||
Commitments, Contingencies and Off-Balance-Sheet Risk | ' | ||||||||||||||||
NOTE 16—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 customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off-balance-sheet risk to 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 the commitment. | |||||||||||||||||
The contractual amount of financial instruments with off-balance-sheet risk was as follows at year-end. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Fixed | Variable | Fixed | Variable | ||||||||||||||
Rate | Rate | Rate | Rate | ||||||||||||||
Commitments to extend credit: | |||||||||||||||||
Lines of credit and construction loans | $ | 11,866 | $ | 151,332 | $ | 9,378 | $ | 118,182 | |||||||||
Overdraft protection | 18 | 21,084 | 51 | 19,726 | |||||||||||||
Letters of credit | 200 | 2,411 | 294 | 396 | |||||||||||||
$ | 12,084 | $ | 174,827 | $ | 9,723 | $ | 138,304 | ||||||||||
Commitments to make loans are generally made for a period of one year or less. Fixed-rate loan commitments included above had interest rates ranging from 3.05% to 13.75% at December 31, 2013 and December 31, 2012. 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 $2,959 on December 31, 2013 and $1,217 on December 31, 2012. |
Capital_Requirements_and_Restr
Capital Requirements and Restriction on Retained Earnings | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||
Capital Requirements and Restriction on Retained Earnings | ' | ||||||||||||||||||||||||
NOTE 17—CAPITAL REQUIREMENTS AND RESTRICTION ON RETAINED EARNINGS | |||||||||||||||||||||||||
The Company and Citizens are subject to regulatory capital requirements administered by the federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations involve quantitative measures of assets, liabilities and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classification are also subject to qualitative judgments by the regulators. Failure to meet capital requirements can initiate regulatory action. | |||||||||||||||||||||||||
Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At year-end 2013 and 2012, the most recent regulatory notifications categorized Citizens as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. | |||||||||||||||||||||||||
The Company’s and Citizens’ actual capital levels and minimum required levels at December 31, 2013 and 2012 were as follows. | |||||||||||||||||||||||||
Actual | For Capital | To Be Well | |||||||||||||||||||||||
Adequacy Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt Corrective | |||||||||||||||||||||||||
Action Purposes | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Total Capital to risk-weighted assets | |||||||||||||||||||||||||
Consolidated | $ | 143,628 | 17.1 | % | $ | 67,194 | 8 | % | n/a | n/a | |||||||||||||||
Citizens | 104,884 | 12.5 | 67,126 | 8 | $ | 83,907 | 10 | % | |||||||||||||||||
Tier I (Core) Capital to risk-weighted assets | |||||||||||||||||||||||||
Consolidated | 133,041 | 15.8 | 33,681 | 4 | n/a | n/a | |||||||||||||||||||
Citizens | 94,302 | 11.2 | 33,679 | 4 | 50,519 | 6 | |||||||||||||||||||
Tier I (Core) Capital to average assets | |||||||||||||||||||||||||
Consolidated | 133,041 | 11.6 | 45,876 | 4 | n/a | n/a | |||||||||||||||||||
Citizens | 94,302 | 8.3 | 45,447 | 4 | 56,808 | 5 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||
Total Capital to risk-weighted assets | |||||||||||||||||||||||||
Consolidated | $ | 116,423 | 14.8 | % | $ | 62,931 | 8 | % | n/a | n/a | |||||||||||||||
Citizens | 104,948 | 13.4 | 62,656 | 8 | $ | 78,319 | 10 | % | |||||||||||||||||
Tier I (Core) Capital to risk-weighted assets | |||||||||||||||||||||||||
Consolidated | 103,979 | 13.3 | 31,272 | 4 | n/a | n/a | |||||||||||||||||||
Citizens | 95,022 | 12.1 | 31,335 | 4 | 47,002 | 6 | |||||||||||||||||||
Tier I (Core) Capital to average assets | |||||||||||||||||||||||||
Consolidated | 103,979 | 9.3 | 44,722 | 4 | n/a | n/a | |||||||||||||||||||
Citizens | 95,022 | 8.5 | 44,559 | 4 | 55,699 | 5 | |||||||||||||||||||
The Company’s primary source of funds for paying dividends to its shareholders and for operating expense is the cash accumulated from dividends received from Citizens. Payment of dividends by Citizens to the Company is subject to restrictions by Citizens’ regulatory agencies. These restrictions generally limit dividends to the current and prior two years retained earnings as defined by the regulations. In addition, dividends may not reduce capital levels below minimum regulatory requirements. |
Parent_Company_Only_Condensed_
Parent Company Only Condensed Financial Information | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||
Parent Company Only Condensed Financial Information | ' | ||||||||
NOTE 18—PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | |||||||||
Condensed financial information of FCBC follows. | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Condensed Balance Sheets | |||||||||
Assets: | |||||||||
Cash | $ | 32,572 | $ | 9,291 | |||||
Securities available for sale | 449 | 434 | |||||||
Investment in bank subsidiary | 111,121 | 115,426 | |||||||
Investment in nonbank subsidiaries | 12,595 | 12,585 | |||||||
Other assets | 5,210 | 4,015 | |||||||
Total assets | $ | 161,947 | $ | 141,751 | |||||
Liabilities and Shareholders’ Equity: | |||||||||
Deferred income taxes and other liabilities | $ | 4,144 | $ | 8,344 | |||||
Subordinated debentures | 29,427 | 29,427 | |||||||
Preferred stock | 46,316 | 23,184 | |||||||
Common stock | 114,365 | 114,365 | |||||||
Accumulated deficit | (10,823 | ) | (14,687 | ) | |||||
Treasury Stock | (17,235 | ) | (17,235 | ) | |||||
Accumulated other comprehensive loss | (4,247 | ) | (1,647 | ) | |||||
Total liabilities and shareholders’ equity | $ | 161,947 | $ | 141,751 | |||||
For the years ended | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Condensed Statements of Operations | |||||||||
Dividends from bank subsidiaries | $ | 7,888 | $ | 4,747 | |||||
Interest expense | (740 | ) | (833 | ) | |||||
Pension expense | (4,072 | ) | (1,257 | ) | |||||
Other expense, net | (952 | ) | (854 | ) | |||||
Income before equity in undistributed net earnings of subsidiaries | 2,124 | 1,803 | |||||||
Income tax benefit | 1,960 | 1,001 | |||||||
Equity in undistributed net earnings of subsidiaries | 2,095 | 2,775 | |||||||
Net income | $ | 6,179 | $ | 5,579 | |||||
Comprehensive income | $ | 3,579 | $ | 4,100 | |||||
For the years ended | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Condensed Statements of Cash Flows | |||||||||
Operating activities: | |||||||||
Net income | $ | 6,179 | $ | 5,579 | |||||
Adjustment to reconcile net income to net cash provided by operating activities: | |||||||||
Change in other assets and other liabilities | (1,620 | ) | 959 | ||||||
Equity in undistributed net earnings of subsidiaries | (2,095 | ) | (2,775 | ) | |||||
Net cash from operating activities | 2,464 | 3,763 | |||||||
Financing activities: | |||||||||
Proceeds from issuance of preferred stock | 23,132 | — | |||||||
Cash dividends paid | (2,315 | ) | (2,084 | ) | |||||
Net cash provided by (used for) financing activities | 20,817 | (2,084 | ) | ||||||
Net change in cash and cash equivalents | 23,281 | 1,679 | |||||||
Cash and cash equivalents at beginning of year | 9,291 | 7,612 | |||||||
Cash and cash equivalents at end of year | $ | 32,572 | $ | 9,291 | |||||
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Earnings Per Share | ' | ||||||||
NOTE 19—EARNINGS PER SHARE | |||||||||
The factors used in the earnings per share computation follow. | |||||||||
2013 | 2012 | ||||||||
Basic | |||||||||
Net income available to common shareholders | $ | 5,020 | $ | 4,386 | |||||
Weighted average common shares outstanding | 7,707,917 | 7,707,917 | |||||||
Basic earnings per share | $ | 0.65 | $ | 0.57 | |||||
Diluted | |||||||||
Net income available to common shareholders | $ | 5,020 | $ | 4,386 | |||||
Weighted average common shares outstanding for basic earnings per common share | 7,707,917 | 7,707,917 | |||||||
Add: dilutive effects of convertible preferred shares | 113,863 | — | |||||||
Average shares and dilutive potential common shares outstanding | 7,821,780 | 7,707,917 | |||||||
Diluted earnings per share | $ | 0.64 | $ | 0.57 | |||||
Basic earnings per common share are calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share takes into consideration the pro forma dilution of unexercised stock option awards, computed using the treasury stock method. | |||||||||
Stock options for 10,000 shares in 2012 were not considered in computing diluted earnings per common share because they were anti-dilutive. There were no stock options outstanding as of December 31, 2013. |
Quarterly_Financial_Data
Quarterly Financial Data | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||
Quarterly Financial Data | ' | ||||||||||||||||||||
NOTE 20—QUARTERLY FINANCIAL DATA (UNAUDITED) | |||||||||||||||||||||
Interest | Net Interest | Net | Basic | Diluted | |||||||||||||||||
Income | Income | Income | Earnings | Earnings | |||||||||||||||||
per | per | ||||||||||||||||||||
Common | Common | ||||||||||||||||||||
Share | Share | ||||||||||||||||||||
2013 | |||||||||||||||||||||
First quarter (1)(2)(5) | $ | 11,287 | $ | 9,988 | $ | 1,913 | $ | 0.21 | $ | 0.21 | |||||||||||
Second quarter (1)(2)(3) | 11,025 | 9,781 | 1,657 | 0.18 | 0.18 | ||||||||||||||||
Third quarter (1)(2) | 11,127 | 9,917 | 1,566 | 0.17 | 0.17 | ||||||||||||||||
Fourth quarter (1)(2)(4)(6) | 11,443 | 10,290 | 1,043 | 0.09 | 0.08 | ||||||||||||||||
2012 | |||||||||||||||||||||
First quarter (6)(7)(8) | $ | 12,118 | $ | 10,445 | $ | 1,293 | $ | 0.13 | $ | 0.13 | |||||||||||
Second quarter (6)(7)(10) | 11,757 | 10,146 | 936 | 0.08 | 0.08 | ||||||||||||||||
Third quarter (6)(7)(8) | 11,529 | 10,028 | 1,384 | 0.14 | 0.14 | ||||||||||||||||
Fourth quarter (6)(7)(8)(9) | 11,357 | 9,959 | 1,966 | 0.22 | 0.22 | ||||||||||||||||
(1) | Interest income decreased as loans repriced downward. | ||||||||||||||||||||
(2) | Interest expense decreased as deposits repriced downward and the deposit mix shifted toward cheaper funding sources. | ||||||||||||||||||||
(3) | Net interest income and net income decreased due to reversed late charges. | ||||||||||||||||||||
(4) | Net interest income and net income increased due to increased loan volume. | ||||||||||||||||||||
(5) | Net income increased due to fees on tax refund program. | ||||||||||||||||||||
(6) | Net income decreased due to non cash charge to pension plan. | ||||||||||||||||||||
(6) | Interest income decreased as loans repriced downward. | ||||||||||||||||||||
(7) | Interest expense decreased as deposits repriced downward and the deposit mix shifted toward cheaper funding sources. | ||||||||||||||||||||
(8) | Net income increased due to a reduction in provision for loan losses. | ||||||||||||||||||||
(9) | Interest income decreased due to reversed income related to nonaccrual loans. | ||||||||||||||||||||
(10) | Net income decreased due to reserves for unfunded commitments. |
Participation_in_the_Treasury_
Participation in the Treasury Capital Purchase Program | 12 Months Ended |
Dec. 31, 2013 | |
Equity [Abstract] | ' |
Participation in the Treasury Capital Purchase Program | ' |
NOTE 21—PARTICIPATION IN THE TREASURY CAPITAL PURCHASE PROGRAM | |
On January 23, 2009, the Company completed the sale to the U.S. Treasury of $23,184 of newly-issued non-voting preferred shares as part of the Capital Purchase Program (CPP) enacted by the U.S. Treasury as part of the Troubled Assets Relief Program (TARP) under the Emergency Economic Stabilization Act of 2008 (EESA). To finalize the Company’s participation in the CPP, the Company and the Treasury entered into a Letter Agreement, dated January 23, 2009, including the Securities Purchase Agreement – Standard Terms attached thereto. Pursuant to the terms of the Securities Purchase Agreement, the Company issued and sold to Treasury (1) 23,184 shares of Fixed Rate Cumulative Perpetual Preferred Shares, Series A, each without par value and having a liquidation preference of $1,000 per share (Series A Preferred Shares), and (2) a Warrant to purchase 469,312 common shares of the Company, each without par value, at an exercise price of $7.41 per share. The Warrant had a ten-year term. All of the proceeds from the sale of the Series A Preferred Shares and the Warrant by the Company to the U.S. Treasury under the CPP qualified as Tier 1 capital for regulatory purposes. Under the standardized CPP terms, cumulative dividends on the Series A Preferred Shares accrued 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. The Series A Preferred Shares had no maturity date and ranked 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 Company. | |
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 Company completed the repurchase of the Warrant from the U.S. Treasury in accordance with the terms of the Securities Purchase Agreement for an aggregate purchase price of $563,174. | |
On December 19, 2013, the Company announced the completion of its public offering of 1,000,000 depositary shares, each representing a 1/40th ownership interest in a Noncumulative Redeemable Convertible Perpetual Preferred Share, Series B, of the Company with a liquidation preference of $1,000 per share (equivalent to $25.00 per depositary share). The Company sold the maximum of 1,000,000 depositary shares in the offering at $25.00 per depositary share, resulting in proceeds, net of $1,868 issuance costs, to the Company of $23,132. | |
On January 17, 2014, the Company provided notice that it intends to redeem all 23,184 of the Series A Preferred Shares (CUSIP No. 319459 30 1), which were originally sold to the United States Department of the Treasury, as part of TARP. The redemption of the Series A Preferred Shares was effective as of February 15, 2014. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 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). First Citizens Capital LLC (FCC) is wholly-owned by Citizens and holds inter-company debt. First Citizens Investments, Inc. (FCI) is wholly-owned by Citizens and holds and manages its securities portfolio. The operations of FCI and FCC are located in Wilmington, Delaware. The above companies together are sometimes referred to as the Company. Intercompany balances and transactions are eliminated in consolidation. | |
The Company provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison 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 customer’s 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 Company to participate in commission revenue generated through its third party insurance agreement. Insurance commission revenue was less than 1.0% of total revenue for the years ended December 31, 2013 and 2012. Water St. was formed to hold repossessed assets of FCBC’s subsidiaries. Water St. revenue was less than 1% of total revenue for the years ended December 31, 2013 and 2012. FCRS was formed in 2012 and remained inactive for the periods presented. | |
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 the financial statements and the disclosures provided, and future results could differ. The allowance for loan losses, impairment of goodwill, fair values of financial instruments, valuation of deferred tax assets, pension obligations and other-than-temporary-impairment of securities are considered material estimates that are particularly susceptible to significant change in the near term. | |
Cash Flows | ' |
Cash Flows: Cash and cash equivalents include cash on hand and demand deposits with financial institutions with original maturities fewer than 90 days. Net cash flows are reported for customer loan and deposit transactions, interest bearing deposits in other financial institutions, and federal funds purchased or sold and repurchase agreements. | |
Securities | ' |
Securities: Debt securities are classified as available-for-sale when they might be sold before maturity. Equity securities with readily determinable fair values are also classified as available for sale. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. | |
Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage backed securities where prepayments are anticipated. Gains and losses on sales are based on the amortized cost of the security sold using the specific identification method. | |
The recent guidance specifies that if (a) a company does not have the intent to sell a debt security prior to recovery and (b) it is more-likely-than-not that it will not have to sell the debt security prior to recovery; the security would not be considered other-than-temporarily impaired unless there is a credit loss. When an entity does not intend to sell the security, and it is more-likely-than-not the entity will not have to sell the security before recovery of its cost basis, it will recognize the credit component of other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment should be amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. | |
The Company’s Consolidated Statement of Operations as of December 31, 2013 reflects the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more-likely-than-not be required to sell before the expected recovery of the amortized cost basis. For available-for-sale debt securities that management has no intent to sell and believes that it more-likely-than-not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the non-credit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. | |
Other securities which include Federal Home Loan Bank (FHLB) stock, Federal Reserve Bank (FRB) stock, Farmer Mac stock (FMS), Bankers’ Bancshares Inc. (BB) stock, and Norwalk Community Development Corp (NCDC) stock are carried at cost. | |
Loans Held for Sale | ' |
Loans Held for Sale: Mortgage loans originated and intended for sale in the secondary market and loans that management no longer intends to hold for the foreseeable future, are carried at the lower of aggregate cost or market, as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. | |
Loans | ' |
Loans: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs, and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. | |
Interest income on mortgage and commercial loans is discontinued at the time the loan is 90 days delinquent unless the credit is well-secured and in process of collection. Interest income on consumer loans is discontinued when management determines future collection is unlikely. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. | |
All interest accrued, but not received, for loans placed on nonaccrual, is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |
Purchased Loans | ' |
Purchased Loans: The Company purchases individual loans and groups of loans. Purchased loans that show evidence of credit deterioration since origination are recorded at the amount paid (or allocated fair value in a purchase business combination), such that there is no carryover of the seller’s allowance for loan losses. After acquisition, incurred losses are recognized by an increase in the allowance for loan losses. | |
Purchased loans are accounted for individually or aggregated into pools of loans based on common risk characteristics (e.g., credit score, loan type, and date of origination). The Company estimates the amount and timing of expected cash flows for each purchased loan or pool, and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan or pool (accretable yield). The excess of the loan’s, or pool’s, contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). | |
Over the life of the loan or pool, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded. If the present value of expected future cash flows is greater than the carrying amount, it is recognized as part of future interest income. | |
Allowance for Loan Losses | ' |
Allowance for Loan Losses: The allowance for loan losses (allowance) is calculated with the objective of maintaining a reserve sufficient to absorb inherent loan losses in the loan portfolio. Management establishes the allowance for loan losses based upon its evaluation of the pertinent factors underlying the types and quality of loans in the portfolio. In determining the allowance and the related provision for loan losses, the Company considers four principal elements: (i) specific impairment reserve allocations (valuation allowances) based upon probable losses identified during the review of impaired loans in the | |
Commercial loan portfolio, (ii) allocations established for adversely-rated loans in the Commercial loan portfolio and nonaccrual Real Estate Residential, Consumer installment and Home Equity loans, (iii) allocations on all other loans based principally on a two-year historical loan loss experience and loan loss trends. These allocations are adjusted for consideration of general economic and business conditions, credit quality and delinquency trends, collateral values, and recent loss experience for these similar pools of loans. The Company also maintains an unallocated allowance to account for any factors or conditions that may cause a potential loss but are not specifically addressed in the process described above. The Company analyzes its loan portfolio each quarter to determine the appropriateness of its allowance for loan losses. | |
All commercial loans and commercial real estate loans are monitored on a regular basis with a detailed review completed for all loans greater than $500. All commercial loans and commercial real estate loans that are 90 days past due or in nonaccrual status, are analyzed to determine if they are “impaired”, which means that it is probable that all amounts will not be collected according to the contractual terms of the loan agreement. All loans that are delinquent 90 days are classified as substandard and placed on nonaccrual status unless they are well-secured and in the process of collection. The remaining loans are evaluated and segmented with loans with similar risk characteristics. The Company allocates reserves based on risk categories and portfolio segments described below, which conform to the Company’s asset classification policy. In reviewing risk within Citizens’ loan portfolio, management has identified specific segments to categorize loan portfolio risk: (i) Commercial & Agriculture loans; (ii) Commercial Real Estate; (iii) Residential Real Estate loans; (iv) Real Estate Construction loans; and (v) Consumer and Other loans. Additional information related to economic factors can be found in Note 4. | |
Loan Charge-off Policies | ' |
Loan Charge-off Policies: All unsecured open- and closed-ended retail loans that become past due 90 days from the contractual due date are charged off in full. In lieu of charging off the entire loan balance, loans with non real estate collateral may be written down to the net realizable value of the collateral, if repossession of collateral is assured and in process. For open- and closed-ended loans secured by residential real estate, a current assessment of value is made no later than 180 days past due. Any outstanding loan balance in excess of the net realizable value of the property is charged off. All other loans are generally charged down to the net realizable value when the loan is 90 days past due. | |
Troubled Debt Restructurings | ' |
Troubled Debt Restructurings: In certain situations based on economic or legal reasons related to a borrower’s financial difficulties, management may grant a concession for other than an insignificant period of time to the borrower that would not otherwise be considered. The related loan is classified as a troubled debt restructuring (TDR). Management strives to identify borrowers in financial difficulty early and work with them to modify to more affordable terms before their loan reaches nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal, management measures any impairment on the restructuring as noted above for impaired loans. In addition to the allowance for the pooled portfolios, management has developed a separate reserve for loans that are identified as impaired through a TDR. These loans are excluded from pooled loss forecasts and a separate reserve is provided under the accounting guidance for loan impairment. Consumer loans whose terms have been modified in a TDR are also individually analyzed for estimated impairment. | |
Other Real Estate | ' |
Other Real Estate: Other real estate acquired through or instead of loan foreclosure is initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed. Other real estate owned included in other assets totaled approximately $173 at December 31, 2013 and $471 at December 31, 2012. | |
Premises and Equipment | ' |
Premises and Equipment: Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed using both accelerated and straight-line methods over the estimated useful life of the asset, ranging from three to seven years for furniture and equipment and seven to fifty years for buildings and improvements. | |
Federal Home Loan Bank (FHLB) Stock | ' |
Federal Home Loan Bank (FHLB) Stock: Citizens is a member of the FHLB of Cincinnati and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated for impairment by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) the significance of the decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. With consideration given to these factors, management concluded that the stock was not impaired at December 31, 2013 or 2012. | |
Federal Reserve Bank (FRB) Stock | ' |
Federal Reserve Bank (FRB) Stock: Citizens is a member of the Federal Reserve System. FRB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. | |
Bank Owned Life Insurance (BOLI) | ' |
Bank Owned Life Insurance (BOLI): Citizens has purchased BOLI policies on certain key executives. BOLI is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. | |
Goodwill and Other Intangible Assets | ' |
Goodwill and Other Intangible Assets: Goodwill results from prior business acquisitions and represents the excess of the purchase price over the fair value of acquired tangible assets and liabilities and identifiable intangible assets. Goodwill is assessed at least annually for impairment and any such impairment will be recognized in the period identified. | |
Other intangible assets consist of core deposit intangibles arising from whole bank and branch acquisitions. These intangible assets are measured at fair value and then amortized on an accelerated method over their estimated useful lives, which range from five to twelve years. | |
Servicing Rights | ' |
Servicing Rights: Servicing rights are recognized as assets for the allocated value of retained servicing rights on loans sold. Servicing rights are initially recorded at fair value at the date of transfer. The valuation technique used is the present value of estimated future cash flows using current market discount rates. Servicing rights are amortized in proportion to, and over the period of, estimated net servicing revenues. Impairment is evaluated based on the fair value of the rights, using groupings of the underlying loans as to interest rates and then, secondarily, prepayment characteristics. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Any impairment of a grouping is reported as a valuation allowance to the extent that fair value is less than the capitalized asset for the grouping. | |
Long-term Assets | ' |
Long-term Assets: Premises and equipment, core deposit and other intangible assets, and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. | |
Repurchase Agreements | ' |
Repurchase Agreements: Substantially all repurchase agreement liabilities represent amounts advanced by various customers. Securities are pledged to cover these liabilities, which are not covered by federal deposit insurance. | |
Loan Commitments and Related Financial Instruments | ' |
Loan Commitments and Related Financial Instruments: Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. | |
Income Taxes | ' |
Income Taxes: 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. | |
The Company prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. | |
A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. | |
Retirement Plans | ' |
Retirement Plans: Pension expense is the net of service and interest cost, expected return on plan assets and amortization of gains and losses not immediately recognized. Employee 401(k) and profit sharing plan expense is the amount of matching contributions. Deferred compensation allocates the benefits over the years of service. | |
Earnings per Common Share | ' |
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 of additional potential common shares issuable related to convertible preferred shares. Treasury shares are not deemed outstanding for earnings per share calculations. | |
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 Company’s financial statements. | |
In April 2013, the FASB issued ASU 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting. The amendments in this Update are being issued to clarify when an entity should apply the liquidation basis of accounting. In addition, the guidance provides principles for the recognition and measurement of assets and liabilities and requirements for financial statements prepared using the liquidation basis of accounting. The amendments require an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). If a plan for liquidation was specified in the entity’s governing documents from the entity’s inception (for example, limited-life entities), the entity should apply the liquidation basis of accounting only if the approved plan for liquidation differs from the plan for liquidation that was specified at the entity’s inception. The amendments are effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013, and interim reporting periods therein. Entities should apply the requirements prospectively from the day that liquidation becomes imminent. Early adoption is permitted. Entities that use the liquidation basis of accounting as of the effective date in accordance with other Topics (for example, terminating employee benefit plans) are not required to apply the amendments. Instead, those entities should continue to apply the guidance in those other Topics until they have completed liquidation. Adoption of this Update is not expected to have a significant impact on the Company’s financial statements. | |
In June 2013, the FASB issued ASU 2013-08, Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. The amendments in this Update affect the scope, measurement, and disclosure requirements for investment companies under U.S. GAAP. The amendments do all of the following: 1. Change the approach to the investment company assessment in Topic 946, clarify the characteristics of an investment company, and provide comprehensive guidance for assessing whether an entity is an investment Company. 2. Require an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting. 3. Require the following additional disclosures: (a) the fact that the entity is an investment company and is applying the guidance in Topic 946, (b) information about changes, if any, in an entity’s status as an investment company, and (c) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The amendments in this Update are effective for an entity’s interim and annual reporting periods in fiscal years that begin after December 15, 2013. Earlier application is prohibited. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. | |
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 Company’s financial statements. | |
In January 2014, FASB issued ASU 2014-01, Investments – Equity Method and Join Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The amendments in this Update permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The amendments in this Update should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. The amendments in this Update are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. | |
In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments in this Update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. This ASU is not expected to have a significant impact on the Company’s financial statements. |
Securities_Tables
Securities (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Available for Sale Securities | ' | ||||||||||||||||||||||||
The amortized cost and fair value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive loss were as follows. | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 52,229 | $ | 95 | $ | (764 | ) | $ | 51,560 | ||||||||||||||||
Obligations of states and political subdivisions | 79,975 | 2,327 | (1,677 | ) | 80,625 | ||||||||||||||||||||
Mortgage-back securities in government sponsored entities | 66,409 | 1,127 | (557 | ) | 66,979 | ||||||||||||||||||||
Total debt securities | 198,613 | 3,549 | (2,998 | ) | 199,164 | ||||||||||||||||||||
Equity securities in financial institutions | 481 | — | (32 | ) | 449 | ||||||||||||||||||||
Total | $ | 199,094 | $ | 3,549 | $ | (3,030 | ) | $ | 199,613 | ||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
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-back 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 by Contractual Maturity | ' | ||||||||||||||||||||||||
The amortized cost and fair value of securities at year end 2013 by contractual maturity were as follows. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. | |||||||||||||||||||||||||
Available for sale | |||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Due in one year or less | $ | 3,296 | $ | 3,309 | |||||||||||||||||||||
Due from one to five years | 21,451 | 21,334 | |||||||||||||||||||||||
Due from five to ten years | 34,288 | 34,403 | |||||||||||||||||||||||
Due after ten years | 73,169 | 73,139 | |||||||||||||||||||||||
Mortgage-backed securities in government sponsored entities | 66,409 | 66,979 | |||||||||||||||||||||||
Equity securities in financial institutions | 481 | 449 | |||||||||||||||||||||||
Total | $ | 199,094 | $ | 199,613 | |||||||||||||||||||||
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. | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Sale proceeds | $ | 8,686 | $ | 12,982 | |||||||||||||||||||||
Gross realized gains | 144 | 99 | |||||||||||||||||||||||
Gross realized losses | (89 | ) | (59 | ) | |||||||||||||||||||||
Gains from securities called or settled by the issuer | 149 | — | |||||||||||||||||||||||
Securities with Unrealized Losses Not Recognized in Income | ' | ||||||||||||||||||||||||
Debt securities with unrealized losses at year end 2013 and 2012 not recognized in income are as follows. | |||||||||||||||||||||||||
2013 | 12 Months or less | More than 12 months | Total | ||||||||||||||||||||||
Description of Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||
U.S. Treasury securities and obligations of U.S. government agencies | $ | 30,800 | $ | (764 | ) | $ | — | $ | — | $ | 30,800 | $ | (764 | ) | |||||||||||
Obligations of states and political subdivisions | 28,428 | (1,556 | ) | 968 | (121 | ) | 29,396 | (1,677 | ) | ||||||||||||||||
Mortgage-backed securities in gov’t sponsored entities | 32,557 | (553 | ) | 279 | (4 | ) | 32,836 | (557 | ) | ||||||||||||||||
Equity securities in financial institutions | 449 | (32 | ) | — | — | 449 | (32 | ) | |||||||||||||||||
Total temporarily impaired | $ | 92,234 | $ | (2,905 | ) | $ | 1,247 | $ | (125 | ) | $ | 93,481 | $ | (3,030 | ) | ||||||||||
2012 | 12 Months or less | More than 12 months | Total | ||||||||||||||||||||||
Description of Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | 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) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Receivables [Abstract] | ' | ||||||||
Loans at Year-End | ' | ||||||||
Loans at year-end were as follows. | |||||||||
2013 | 2012 | ||||||||
Commercial and agricultural | $ | 115,875 | $ | 100,661 | |||||
Commercial real estate | 443,846 | 434,808 | |||||||
Residential real estate | 250,691 | 250,598 | |||||||
Real estate construction | 39,964 | 19,677 | |||||||
Consumer and other | 10,865 | 9,809 | |||||||
Total Loans | 861,241 | 815,553 | |||||||
Allowance for loan losses | (16,528 | ) | (19,742 | ) | |||||
Net loans | $ | 844,713 | $ | 795,811 | |||||
Loans to Directors and Executive Officers Including Immediate Families | ' | ||||||||
Loans to principal officers, directors, and their affiliates at year-end 2013 and 2012 were as follows. | |||||||||
2013 | 2012 | ||||||||
Balance—Beginning of year | $ | 9,997 | $ | 10,922 | |||||
New loans and advances | 3,262 | 5,713 | |||||||
Repayments | (3,157 | ) | (6,788 | ) | |||||
Effect of changes to related parties | (808 | ) | 150 | ||||||
Balance—End of year | $ | 9,294 | $ | 9,997 | |||||
Allowance_for_Loan_Losses_Tabl
Allowance for Loan Losses (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Allowance Related to Unallocated Segment | ' | ||||||||||||||||||||||||||||
The following tables present by portfolio segment, the changes in the allowance for loan losses, the ending allocation of the allowance for loan losses and the loan balances outstanding for the period ended December 31, 2013 and December 31, 2012. The changes can be impacted by overall loan volume, adversely graded loans, historical charge-offs and economic factors. | |||||||||||||||||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | and Other | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 2,811 | $ | 10,139 | $ | 5,780 | $ | 349 | $ | 246 | $ | 417 | $ | 19,742 | |||||||||||||||
Charge-offs | (483 | ) | (1,804 | ) | (2,907 | ) | (136 | ) | (220 | ) | — | (5,550 | ) | ||||||||||||||||
Recoveries | 141 | 449 | 458 | 108 | 80 | — | 1,236 | ||||||||||||||||||||||
Provision | 372 | (1,225 | ) | 1,893 | (137 | ) | 108 | 89 | 1,100 | ||||||||||||||||||||
Ending Balance | $ | 2,841 | $ | 7,559 | $ | 5,224 | $ | 184 | $ | 214 | $ | 506 | $ | 16,528 | |||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | and Other | |||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 2,876 | $ | 10,571 | $ | 5,796 | $ | 974 | $ | 719 | $ | 321 | $ | 21,257 | |||||||||||||||
Charge-offs | (841 | ) | (3,440 | ) | (4,506 | ) | (446 | ) | (246 | ) | — | (9,479 | ) | ||||||||||||||||
Recoveries | 353 | 612 | 397 | 131 | 71 | — | 1,564 | ||||||||||||||||||||||
Provision | 423 | 2,396 | 4,093 | (310 | ) | (298 | ) | 96 | 6,400 | ||||||||||||||||||||
Ending Balance | $ | 2,811 | $ | 10,139 | $ | 5,780 | $ | 349 | $ | 246 | $ | 417 | $ | 19,742 | |||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | and Other | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,262 | $ | 445 | $ | 802 | $ | — | $ | — | $ | — | $ | 2,509 | |||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 1,579 | $ | 7,114 | $ | 4,422 | $ | 184 | $ | 214 | $ | 506 | $ | 14,019 | |||||||||||||||
Ending balance | $ | 2,841 | $ | 7,559 | $ | 5,224 | $ | 184 | $ | 214 | $ | 506 | $ | 16,528 | |||||||||||||||
Loan balances outstanding: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,869 | $ | 10,175 | $ | 4,005 | $ | — | $ | 8 | $ | 18,057 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 112,006 | $ | 433,671 | $ | 246,686 | $ | 39,964 | $ | 10,857 | $ | 843,184 | |||||||||||||||||
Ending balance | $ | 115,875 | $ | 443,846 | $ | 250,691 | $ | 39,964 | $ | 10,865 | $ | 861,241 | |||||||||||||||||
Commercial | Commercial | Residential | Real Estate | Consumer | Unallocated | Total | |||||||||||||||||||||||
& Agriculture | Real Estate | Real Estate | Construction | and Other | |||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
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 | ' | ||||||||||||||||||||||||||||
December 31, 2013 | Commercial | Commercial | Residential | Real Estate | Consumer | Total | |||||||||||||||||||||||
& | Real Estate | Real Estate | Construction | and Other | |||||||||||||||||||||||||
Agriculture | |||||||||||||||||||||||||||||
Pass | $ | 107,923 | $ | 415,938 | $ | 98,700 | $ | 35,495 | $ | 2,252 | $ | 660,308 | |||||||||||||||||
Special Mention | 2,038 | 9,145 | 986 | 21 | — | 12,190 | |||||||||||||||||||||||
Substandard | 5,914 | 18,763 | 8,175 | — | 70 | 32,922 | |||||||||||||||||||||||
Doubtful | — | — | 2,349 | — | — | 2,349 | |||||||||||||||||||||||
Ending Balance | $ | 115,875 | $ | 443,846 | $ | 110,210 | $ | 35,516 | $ | 2,322 | $ | 707,769 | |||||||||||||||||
December 31, 2012 | Commercial | Commercial | Residential | Real Estate | Consumer | Total | |||||||||||||||||||||||
& | Real Estate | Real Estate | Construction | and Other | |||||||||||||||||||||||||
Agriculture | |||||||||||||||||||||||||||||
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 | and Other | |||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
Performing | $ | 140,481 | $ | 4,448 | $ | 8,543 | $ | 153,472 | |||||||||||||||||||||
Nonperforming | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 140,481 | $ | 4,448 | $ | 8,543 | $ | 153,472 | |||||||||||||||||||||
Residential | Real Estate | Consumer | Total | ||||||||||||||||||||||||||
Real Estate | Construction | and Other | |||||||||||||||||||||||||||
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 | ' | ||||||||||||||||||||||||||||
Following tables include an aging analysis of the recorded investment of past due loans outstanding as of December 31, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | 30-59 | 60-89 | 90 Days | Total Past | Current | Total | Past Due | ||||||||||||||||||||||
Days | Days | or Greater | Due | Loans | 90 Days | ||||||||||||||||||||||||
Past Due | Past Due | and | |||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
Commericial & Agriculture | $ | 105 | $ | — | $ | 443 | $ | 548 | $ | 115,327 | $ | 115,875 | $ | — | |||||||||||||||
Commercial Real Estate | 655 | 201 | 2,098 | 2,954 | 440,892 | 443,846 | — | ||||||||||||||||||||||
Residential Real Estate | 3,140 | 1,084 | 5,531 | 9,755 | 240,936 | 250,691 | — | ||||||||||||||||||||||
Real Estate Construction | — | — | — | — | 39,964 | 39,964 | — | ||||||||||||||||||||||
Consumer and Other | 170 | 20 | — | 190 | 10,675 | 10,865 | — | ||||||||||||||||||||||
Total | $ | 4,070 | $ | 1,305 | $ | 8,072 | $ | 13,447 | $ | 847,794 | $ | 861,241 | $ | — | |||||||||||||||
December 31, 2012 | 30-59 | 60-89 | 90 Days | Total Past | Current | Total | Past Due | ||||||||||||||||||||||
Days | Days | or Greater | Due | Loans | 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 and Other | 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 December 31, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Commericial & Agriculture | $ | 1,590 | $ | 2,869 | |||||||||||||||||||||||||
Commercial Real Estate | 9,609 | 16,250 | |||||||||||||||||||||||||||
Residential Real Estate | 9,210 | 9,701 | |||||||||||||||||||||||||||
Real Estate Construction | — | 958 | |||||||||||||||||||||||||||
Consumer and Other | 50 | 77 | |||||||||||||||||||||||||||
Total | $ | 20,459 | $ | 29,855 | |||||||||||||||||||||||||
Schedule of Troubled Debt Restructurings | ' | ||||||||||||||||||||||||||||
Loan modifications that are considered TDRs completed during the quarters and twelve month periods ended December 31, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||||||||||||
For the Twelve Month Period Ended | For the Twelve Month Period Ended | ||||||||||||||||||||||||||||
December 31, 2013 | December 31, 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 | $ | 984 | $ | 976 | |||||||||||||||||||
Commercial Real Estate | 2 | 547 | 547 | 3 | 1,205 | 1,205 | |||||||||||||||||||||||
Residential Real Estate | — | — | — | 25 | 1,740 | 1,662 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer and Other | — | — | — | 5 | 66 | 66 | |||||||||||||||||||||||
Total Loan Modifications | 2 | $ | 547 | $ | 547 | 39 | $ | 3,995 | $ | 3,909 | |||||||||||||||||||
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 December 31, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commericial & Agriculture | $ | 1,525 | $ | 1,657 | $ | — | $ | 5,053 | $ | 5,226 | $ | — | |||||||||||||||||
Commercial Real Estate | 5,983 | 6,214 | — | 5,446 | 8,114 | — | |||||||||||||||||||||||
Residential Real Estate | 1,202 | 2,263 | — | 2,566 | 5,346 | — | |||||||||||||||||||||||
Real Estate Construction | — | — | — | — | 521 | — | |||||||||||||||||||||||
Consumer and Other | 8 | 8 | — | 1 | 1 | — | |||||||||||||||||||||||
Total | 8,718 | 10,142 | — | 13,066 | 19,208 | — | |||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commericial & Agriculture | 2,344 | 2,437 | 1,262 | 367 | 385 | 286 | |||||||||||||||||||||||
Commercial Real Estate | 4,192 | 4,496 | 445 | 8,495 | 8,681 | 2,354 | |||||||||||||||||||||||
Residential Real Estate | 2,803 | 4,021 | 802 | 3,561 | 4,554 | 1,199 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | 541 | 547 | 107 | |||||||||||||||||||||||
Consumer and Other | — | — | — | 60 | 60 | 60 | |||||||||||||||||||||||
Total | 9,339 | 10,954 | 2,509 | 13,024 | 14,227 | 4,006 | |||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Commericial & Agriculture | 3,869 | 4,094 | 1,262 | 5,420 | 5,611 | 286 | |||||||||||||||||||||||
Commercial Real Estate | 10,175 | 10,710 | 445 | 13,941 | 16,795 | 2,354 | |||||||||||||||||||||||
Residential Real Estate | 4,005 | 6,284 | 802 | 6,127 | 9,900 | 1,199 | |||||||||||||||||||||||
Real Estate Construction | — | — | — | 541 | 1,068 | 107 | |||||||||||||||||||||||
Consumer and Other | 8 | 8 | — | 61 | 61 | 60 | |||||||||||||||||||||||
Total | $ | 18,057 | $ | 21,096 | $ | 2,509 | $ | 26,090 | $ | 33,435 | $ | 4,006 | |||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
For the year ended: | Average | Interest | Average | Interest | |||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
Commericial & Agriculture | $ | 4,761 | $ | 186 | $ | 4,762 | $ | 276 | |||||||||||||||||||||
Commercial Real Estate | 11,919 | 521 | 16,482 | 958 | |||||||||||||||||||||||||
Residential Real Estate | 5,038 | 282 | 4,909 | 557 | |||||||||||||||||||||||||
Real Estate Construction | 302 | — | 533 | 25 | |||||||||||||||||||||||||
Consumer and Other | 31 | — | 34 | 2 | |||||||||||||||||||||||||
Total | $ | 22,051 | $ | 989 | $ | 26,720 | $ | 1,818 | |||||||||||||||||||||
Other_Comprehensive_Income_Tab
Other Comprehensive Income (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 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, as of December 31, 2013 and December 31, 2012. | |||||||||||||||||||||||||
For the Year Ended | For the Year Ended | ||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||
Unrealized | Defined | Total | Unrealized | Defined | Total | ||||||||||||||||||||
Gains and | Benefit | Gains and | Benefit | ||||||||||||||||||||||
Losses on | Pension | Losses on | Pension | ||||||||||||||||||||||
Available | Items | Available | Items | ||||||||||||||||||||||
for Sale | for Sale | ||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||
Beginning balance | $ | 5,849 | $ | (7,496 | ) | $ | (1,647 | ) | $ | 5,461 | $ | (5,629 | ) | $ | (168 | ) | |||||||||
Other comprehensive income (loss) before reclassifications | (5,373 | ) | — | (5,373 | ) | 414 | — | 414 | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (135 | ) | 2,908 | 2,773 | (26 | ) | (1,867 | ) | (1,893 | ) | |||||||||||||||
Net current-period other comprehensive income (loss) | (5,508 | ) | 2,908 | (2,600 | ) | 388 | (1,867 | ) | (1,479 | ) | |||||||||||||||
Ending balance | $ | 341 | $ | (4,588 | ) | $ | (4,247 | ) | $ | 5,849 | $ | (7,496 | ) | $ | (1,647 | ) | |||||||||
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 as of December 31, 2013 and December 31, 2012: | |||||||||||||||||||||||||
Amount Reclassified from | |||||||||||||||||||||||||
Accumulated Other Comprehensive | |||||||||||||||||||||||||
Loss (a) | |||||||||||||||||||||||||
Details about Accumulated Other | For the year | For the year | Affected Line Item in the | ||||||||||||||||||||||
Comprehensive Loss Components | ended December 31, | ended December 31, | Statement Where Net Income is Presented | ||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 204 | $ | 40 | Net gain on sale of securities | ||||||||||||||||||||
Tax effect | (69 | ) | (14 | ) | Income tax expense | ||||||||||||||||||||
135 | 26 | Net of tax | |||||||||||||||||||||||
Amortization of defined benefit pension items | |||||||||||||||||||||||||
Actuarial gains/(losses) | (4,406 | )(b) | 2,829 | (b) | Salaries, wages and benefits | ||||||||||||||||||||
Tax effect | 1,498 | (962 | ) | Income tax expense | |||||||||||||||||||||
(2,908 | ) | 1,867 | Net of tax | ||||||||||||||||||||||
Total reclassifications for the period | $ | (2,773 | ) | $ | 1,893 | 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. |
Premises_and_Equipment_Tables
Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Year-End Premises and Equipment | ' | ||||||||
Year-end premises and equipment were as follows. | |||||||||
2013 | 2012 | ||||||||
Land and improvements | $ | 4,083 | $ | 4,094 | |||||
Buildings and improvements | 19,681 | 19,482 | |||||||
Furniture and equipment | 20,153 | 19,180 | |||||||
Total | 43,917 | 42,756 | |||||||
Accumulated depreciation | (26,990 | ) | (25,590 | ) | |||||
Premises and equipment, net | $ | 16,927 | $ | 17,166 | |||||
Rent Commitments Under Non-Cancelable Operating Leases | ' | ||||||||
Rent expense was $367 and $344 for 2013 and 2012, respectively. Rent commitments under non-cancelable operating leases at December 31, 2013 were as follows, before considering renewal options that generally are present. | |||||||||
2014 | $ | 359 | |||||||
2015 | 274 | ||||||||
2016 | 231 | ||||||||
2017 | 213 | ||||||||
2018 | 117 | ||||||||
Thereafter | 87 | ||||||||
Total | $ | 1,281 | |||||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Acquired Intangible Assets | ' | ||||||||||||||||
Acquired Intangible Assets | |||||||||||||||||
Acquired intangible assets were as follows as of year end. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Gross | Accumulated | Gross | Accumulated | ||||||||||||||
Carrying | Amortization | Carrying | Amortization | ||||||||||||||
Amount | Amount | ||||||||||||||||
Core deposit and other intangibles | $ | 11,619 | $ | 9,326 | $ | 11,619 | $ | 8,480 | |||||||||
Schedule of Estimated Amortization Expense | ' | ||||||||||||||||
Estimated amortization expense for each of the next five years and thereafter is as follows. | |||||||||||||||||
2014 | $ | 769 | |||||||||||||||
2015 | 555 | ||||||||||||||||
2016 | 522 | ||||||||||||||||
2017 | 447 | ||||||||||||||||
Thereafter | — | ||||||||||||||||
$ | 2,293 | ||||||||||||||||
InterestBearing_Deposits_Table
Interest-Bearing Deposits (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Text Block [Abstract] | ' | ||||||||
Summary of Interest-Bearing Deposits | ' | ||||||||
Interest-bearing deposits as of December 31, 2013 and 2012 were as follows. | |||||||||
2013 | 2012 | ||||||||
Demand | $ | 168,113 | $ | 170,190 | |||||
Statement and Passbook Savings | 303,037 | 289,781 | |||||||
Certificates of Deposit: | |||||||||
In excess of $100 | 66,561 | 76,261 | |||||||
Other | 139,586 | 154,843 | |||||||
Individual Retirement Accounts | 30,202 | 32,898 | |||||||
Total | $ | 707,499 | $ | 723,973 | |||||
Scheduled Maturities of Certificates of Deposit | ' | ||||||||
Scheduled maturities of certificates of deposit, including IRA’s at December 31, 2013 were as follows. | |||||||||
2014 | $ | 156,593 | |||||||
2015 | 43,240 | ||||||||
2016 | 13,384 | ||||||||
2017 | 9,635 | ||||||||
2018 | 3,995 | ||||||||
Thereafter | 9,502 | ||||||||
Total | $ | 236,349 | |||||||
Federal_Home_Loan_Bank_Advance1
Federal Home Loan Bank Advances (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Banking And Thrift [Abstract] | ' | ||||
Scheduled Principal Reductions of Federal Home Loan Bank Advances | ' | ||||
Scheduled principal reductions of FHLB advances at December 31, 2013 were as follows. | |||||
2014 | $ | 30,226 | |||
2015 | 5,000 | ||||
2017 | 2,500 | ||||
Total | $ | 37,726 | |||
Securities_Sold_Under_Agreemen1
Securities Sold Under Agreements to Repurchase (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||
Schedule of Securities Sold Under Agreements to Repurchase and Treasury Tax and Loan Deposits | ' | ||||||||||||
Information concerning securities sold under agreements to repurchase and treasury tax and loan deposits were as follows. | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Average balance during the year | $ | 20,749 | $ | 18,912 | $ | 21,588 | |||||||
Average interest rate during the year | 0.1 | % | 0.11 | % | 0.15 | % | |||||||
Maximum month-end balance during the year | $ | 24,257 | $ | 23,328 | $ | 25,246 | |||||||
Weighted average interest rate at year end | 0.1 | % | 0.11 | % | 0.16 | % |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Schedule of Income Tax Expense | ' | ||||||||
Income tax expense was as follows. | |||||||||
2013 | 2012 | ||||||||
Current | $ | 11 | $ | 1,395 | |||||
Deferred | 1,362 | 330 | |||||||
Income tax expense | $ | 1,373 | $ | 1,725 | |||||
Effective Tax Rates Differ from Statutory Federal Income Tax Rate | ' | ||||||||
Effective tax rates differ from the statutory federal income tax rate of 34% due to the following. | |||||||||
2013 | 2012 | ||||||||
Income taxes computed at the statutory federal tax rate | $ | 2,568 | $ | 2,483 | |||||
Add (subtract) tax effect of: | |||||||||
Nontaxable interest income, net of nondeductible interest expense | (781 | ) | (630 | ) | |||||
Low income housing tax credit | (280 | ) | — | ||||||
Cash surrender value of BOLI | (189 | ) | (213 | ) | |||||
Other | 55 | 85 | |||||||
Income tax expense | $ | 1,373 | $ | 1,725 | |||||
Summary of Deferred Tax Assets and Liabilities | ' | ||||||||
Year-end deferred tax assets and liabilities were due to the following. | |||||||||
2013 | 2012 | ||||||||
Deferred tax assets | |||||||||
Allowance for loan losses | $ | 5,620 | $ | 6,712 | |||||
Deferred compensation | 1,223 | 1,057 | |||||||
Intangible assets | 50 | 182 | |||||||
Pension costs | 996 | 2,775 | |||||||
Impairment losses | 146 | 195 | |||||||
Other | 133 | 171 | |||||||
Deferred tax asset | 8,168 | 11,092 | |||||||
Deferred tax liabilities | |||||||||
Tax depreciation in excess of book depreciation | (466 | ) | (295 | ) | |||||
Discount accretion on securities | (77 | ) | (73 | ) | |||||
Purchase accounting adjustments | (1,465 | ) | (1,774 | ) | |||||
FHLB stock dividends | (2,249 | ) | (2,249 | ) | |||||
Unrealized gain on securities available for sale | (176 | ) | (3,013 | ) | |||||
Other | (174 | ) | (105 | ) | |||||
Deferred tax liability | (4,607 | ) | (7,509 | ) | |||||
Net deferred tax asset | $ | 3,561 | $ | 3,583 | |||||
Retirement_Plans_Tables
Retirement Plans (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Information about Pension Plan | ' | ||||||||||||||||
Information about the pension plan is as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Change in benefit obligation: | |||||||||||||||||
Beginning benefit obligation | $ | 21,604 | $ | 16,934 | |||||||||||||
Service cost | 1,204 | 939 | |||||||||||||||
Interest cost | 884 | 915 | |||||||||||||||
Settlement loss | 821 | — | |||||||||||||||
Actuarial (gain)/loss | (1,272 | ) | 3,474 | ||||||||||||||
Benefits paid | (4,785 | ) | (658 | ) | |||||||||||||
Ending benefit obligation | 18,456 | 21,604 | |||||||||||||||
Change in plan assets, at fair value: | |||||||||||||||||
Beginning plan assets | 13,441 | 11,445 | |||||||||||||||
Actual return | 1,943 | 1,181 | |||||||||||||||
Employer contribution | 4,900 | 1,510 | |||||||||||||||
Benefits paid | (4,785 | ) | (658 | ) | |||||||||||||
Administrative expenses | (33 | ) | (37 | ) | |||||||||||||
Ending plan assets | 15,466 | 13,441 | |||||||||||||||
Funded status at end of year | $ | (2,990 | ) | $ | (8,163 | ) | |||||||||||
Amounts Recognized in Accumulated Other Comprehensive Income | ' | ||||||||||||||||
Amounts recognized in accumulated other comprehensive income at December 31, consist of: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Unrecognized actuarial loss (net of tax, of $2,364 in 2013 and $3,862 in 2012) | $ | 4,588 | $ | 7,496 | |||||||||||||
Components of Net Periodic Pension Expense | ' | ||||||||||||||||
The components of net periodic pension expense were as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Service cost | $ | 1,204 | $ | 939 | |||||||||||||
Interest cost | 884 | 915 | |||||||||||||||
Expected return on plan assets | (965 | ) | (858 | ) | |||||||||||||
Net amortization and deferral | 698 | 359 | |||||||||||||||
Net periodic benefit cost | $ | 1,821 | $ | 1,355 | |||||||||||||
Net loss (gain) recognized in other comprehensive income | (4,406 | ) | 2,829 | ||||||||||||||
Total recognized in net periodic benefit cost and other comprehensive income (before tax) | $ | (2,585 | ) | $ | 4,184 | ||||||||||||
Schedule of Target Allocation and Expected Long-Term Rate of Return by Asset Category | ' | ||||||||||||||||
The Company’s pension plan asset allocation at year-end 2012, and 2013 and target allocation for 2014 by asset category are as follows. | |||||||||||||||||
Target | Percentage of Plan | ||||||||||||||||
Allocation | Assets | ||||||||||||||||
at Year-end | |||||||||||||||||
Asset Category | 2014 | 2013 | 2012 | ||||||||||||||
Equity securities | 20-50 | % | 46.5 | % | 45.5 | % | |||||||||||
Debt securities | 30-60 | 53 | 53.9 | ||||||||||||||
Money market funds | 20-30 | 0.5 | 0.6 | ||||||||||||||
Total | 100 | % | 100 | % | |||||||||||||
Plan's Assets at Fair Value Hierarchy | ' | ||||||||||||||||
The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2013 and 2012: | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Money market funds | $ | 79 | $ | — | $ | — | $ | 79 | |||||||||
Bond mutual funds | 48 | — | — | 48 | |||||||||||||
Common/collective trust: | |||||||||||||||||
Bonds | 8,140 | — | — | 8,140 | |||||||||||||
Equities | 5,439 | — | — | 5,439 | |||||||||||||
Equity market funds: | |||||||||||||||||
Commodity mutual funds | 21 | — | — | 21 | |||||||||||||
International | 337 | — | — | 337 | |||||||||||||
Large cap | 1,093 | — | — | 1,093 | |||||||||||||
Mid cap | 181 | — | — | 181 | |||||||||||||
Small cap | 128 | — | — | 128 | |||||||||||||
Total assets at fair value | $ | 15,466 | $ | — | $ | — | $ | 15,466 | |||||||||
December 31, 2012 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets: | |||||||||||||||||
Money market funds | $ | 76 | $ | — | $ | — | $ | 76 | |||||||||
Bond mutual funds | 86 | — | — | 86 | |||||||||||||
Common/collective trust: | |||||||||||||||||
Bonds | 7,158 | — | — | 7,158 | |||||||||||||
Equities | 4,772 | — | — | 4,772 | |||||||||||||
Equity market funds: | |||||||||||||||||
Commodity mutual funds | 23 | — | — | 23 | |||||||||||||
International | 240 | — | — | 240 | |||||||||||||
Large cap | 808 | — | — | 808 | |||||||||||||
Mid cap | 177 | — | — | 177 | |||||||||||||
Small cap | 101 | — | — | 101 | |||||||||||||
Total assets at fair value | $ | 13,441 | $ | — | $ | — | $ | 13,441 | |||||||||
Summary of Expected Benefit Payments | ' | ||||||||||||||||
Expected benefit payments, which reflect expected future service, are as follows. | |||||||||||||||||
2014 | $ | 396 | |||||||||||||||
2015 | 512 | ||||||||||||||||
2016 | 637 | ||||||||||||||||
2017 | 842 | ||||||||||||||||
2018 | 900 | ||||||||||||||||
2019 through 2023 | 6,951 | ||||||||||||||||
Total | $ | 10,238 | |||||||||||||||
Benefit obligations [Member] | ' | ||||||||||||||||
Weighted Average Assumptions Used to Determine Benefit Obligations | ' | ||||||||||||||||
The weighted average assumptions used to determine benefit obligations at year-end were as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Discount rate on benefit obligation | 4.38 | % | 3.72 | % | |||||||||||||
Long-term rate of return on plan assets | 7 | % | 7 | % | |||||||||||||
Rate of compensation increase | 3 | % | 3 | % | |||||||||||||
Net periodic pension cost [Member] | ' | ||||||||||||||||
Weighted Average Assumptions Used to Determine Benefit Obligations | ' | ||||||||||||||||
The weighted average assumptions used to determine net periodic pension cost were as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Discount rate on benefit obligation | 3.72 | % | 4.6 | % | |||||||||||||
Long-term rate of return on plan assets | 7 | % | 7 | % | |||||||||||||
Rate of compensation increase | 3 | % | 3 | % |
Stock_Options_Tables
Stock Options (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||
Summary of Activity in Stock Option Plan | ' | ||||||||||||||||
A summary of the activity in the stock option plan is as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Shares | Weighted | Shares | Weighted | ||||||||||||||
Average | Average | ||||||||||||||||
Exercise | Exercise | ||||||||||||||||
Price | Price | ||||||||||||||||
Outstanding at beginning of year | 10,000 | $ | 35 | 29,500 | $ | 25.42 | |||||||||||
Granted | — | — | — | — | |||||||||||||
Exercised | — | — | — | — | |||||||||||||
Forfeited | — | — | — | — | |||||||||||||
Expired | (10,000 | ) | 35 | (19,500 | ) | 20.5 | |||||||||||
Outstanding at end of year | — | $ | — | 10,000 | $ | 35 | |||||||||||
Options exercisable at year-end | — | $ | — | 10,000 | $ | 35 | |||||||||||
Fair_Value_Measurement_Tables
Fair Value Measurement (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Assets Measured at Fair Value | ' | ||||||||||||||||||||
Assets measured at fair value are summarized below. | |||||||||||||||||||||
Fair Value Measurements at December 31, 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 | $ | — | $ | 51,560 | $ | — | |||||||||||||||
Obligations of states and political subdivisions | — | 80,625 | — | ||||||||||||||||||
Mortgage-backed securities in government sponsored entities | — | 66,979 | — | ||||||||||||||||||
Equity securities in financial institutions | — | 449 | — | ||||||||||||||||||
Assets measured at fair value on a nonrecurring basis: | |||||||||||||||||||||
Impaired Loans | $ | — | $ | — | $ | 15,548 | |||||||||||||||
Other Real Estate Owned | — | — | 173 | ||||||||||||||||||
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 tables 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, 2013 and 2012. | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
31-Dec-13 | Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||||
Impaired loans | $ | 15,548 | 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 | $ | 173 | Appraisal of collateral | Appraisal adjustments | 10% - 30 | % | |||||||||||||||
Liquidation expense | 0% - 10 | % | |||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
31-Dec-12 | Fair Value | Valuation Technique | Unobservable Input | Range | |||||||||||||||||
Investments | $ | 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 fiscal periods ended December 31, 2013 and 2012. The Company 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 | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Beginning balance January 1, | $ | 468 | $ | 517 | |||||||||||||||||
Principal payments | (468 | ) | (49 | ) | |||||||||||||||||
Ending balance December 31, | $ | — | $ | 468 | |||||||||||||||||
Carrying Amount and Fair Values of Financial Instruments | ' | ||||||||||||||||||||
The carrying amount and fair value of financial instruments were as follows. | |||||||||||||||||||||
December 31, 2013 | Carrying | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Amount | |||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and due from financial institutions | $ | 33,883 | $ | 33,883 | $ | 33,883 | $ | — | $ | — | |||||||||||
Securities available for sale | 199,613 | 199,613 | — | 199,613 | — | ||||||||||||||||
Other securities | 15,424 | 15,424 | 15,424 | — | — | ||||||||||||||||
Loans, available for sale | 438 | 438 | 438 | — | — | ||||||||||||||||
Loans, net of allowance for loan losses | 844,713 | 861,252 | — | — | 861,252 | ||||||||||||||||
Bank owned life insurance | 19,145 | 19,145 | 19,145 | — | — | ||||||||||||||||
Accrued interest receivable | 3,881 | 3,881 | 3,881 | — | — | ||||||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Nonmaturing deposits | 706,126 | 706,126 | 706,126 | — | — | ||||||||||||||||
Time deposits | 236,349 | 237,837 | — | — | 237,837 | ||||||||||||||||
Federal Home Loan Bank advances | 37,726 | 38,767 | — | — | 38,767 | ||||||||||||||||
Securities sold under agreement to repurchase | 20,053 | 20,053 | 20,053 | — | — | ||||||||||||||||
Subordinated debentures | 29,427 | 20,605 | — | — | 20,605 | ||||||||||||||||
Accrued interest payable | 156 | 156 | 156 | — | — | ||||||||||||||||
December 31, 2012 | Carrying | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Amount | |||||||||||||||||||||
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 | — | — | ||||||||||||||||
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 | — | — |
Commitments_Contingencies_and_1
Commitments, Contingencies and Off-Balance-Sheet Risk (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||||||||||
Contractual Amount of Financial Instruments with Off-Balance-Sheet Risk | ' | ||||||||||||||||
The contractual amount of financial instruments with off-balance-sheet risk was as follows at year-end. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Fixed | Variable | Fixed | Variable | ||||||||||||||
Rate | Rate | Rate | Rate | ||||||||||||||
Commitments to extend credit: | |||||||||||||||||
Lines of credit and construction loans | $ | 11,866 | $ | 151,332 | $ | 9,378 | $ | 118,182 | |||||||||
Overdraft protection | 18 | 21,084 | 51 | 19,726 | |||||||||||||
Letters of credit | 200 | 2,411 | 294 | 396 | |||||||||||||
$ | 12,084 | $ | 174,827 | $ | 9,723 | $ | 138,304 | ||||||||||
Capital_Requirements_and_Restr1
Capital Requirements and Restriction on Retained Earnings (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||
Actual Capital Levels and Minimum Required Levels | ' | ||||||||||||||||||||||||
The Company’s and Citizens’ actual capital levels and minimum required levels at December 31, 2013 and 2012 were as follows. | |||||||||||||||||||||||||
Actual | For Capital | To Be Well | |||||||||||||||||||||||
Adequacy Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt Corrective | |||||||||||||||||||||||||
Action Purposes | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Total Capital to risk-weighted assets | |||||||||||||||||||||||||
Consolidated | $ | 143,628 | 17.1 | % | $ | 67,194 | 8 | % | n/a | n/a | |||||||||||||||
Citizens | 104,884 | 12.5 | 67,126 | 8 | $ | 83,907 | 10 | % | |||||||||||||||||
Tier I (Core) Capital to risk-weighted assets | |||||||||||||||||||||||||
Consolidated | 133,041 | 15.8 | 33,681 | 4 | n/a | n/a | |||||||||||||||||||
Citizens | 94,302 | 11.2 | 33,679 | 4 | 50,519 | 6 | |||||||||||||||||||
Tier I (Core) Capital to average assets | |||||||||||||||||||||||||
Consolidated | 133,041 | 11.6 | 45,876 | 4 | n/a | n/a | |||||||||||||||||||
Citizens | 94,302 | 8.3 | 45,447 | 4 | 56,808 | 5 | |||||||||||||||||||
2012 | |||||||||||||||||||||||||
Total Capital to risk-weighted assets | |||||||||||||||||||||||||
Consolidated | $ | 116,423 | 14.8 | % | $ | 62,931 | 8 | % | n/a | n/a | |||||||||||||||
Citizens | 104,948 | 13.4 | 62,656 | 8 | $ | 78,319 | 10 | % | |||||||||||||||||
Tier I (Core) Capital to risk-weighted assets | |||||||||||||||||||||||||
Consolidated | 103,979 | 13.3 | 31,272 | 4 | n/a | n/a | |||||||||||||||||||
Citizens | 95,022 | 12.1 | 31,335 | 4 | 47,002 | 6 | |||||||||||||||||||
Tier I (Core) Capital to average assets | |||||||||||||||||||||||||
Consolidated | 103,979 | 9.3 | 44,722 | 4 | n/a | n/a | |||||||||||||||||||
Citizens | 95,022 | 8.5 | 44,559 | 4 | 55,699 | 5 |
Parent_Company_Only_Condensed_1
Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||
Schedule of Condensed Balance Sheets | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Condensed Balance Sheets | |||||||||
Assets: | |||||||||
Cash | $ | 32,572 | $ | 9,291 | |||||
Securities available for sale | 449 | 434 | |||||||
Investment in bank subsidiary | 111,121 | 115,426 | |||||||
Investment in nonbank subsidiaries | 12,595 | 12,585 | |||||||
Other assets | 5,210 | 4,015 | |||||||
Total assets | $ | 161,947 | $ | 141,751 | |||||
Liabilities and Shareholders’ Equity: | |||||||||
Deferred income taxes and other liabilities | $ | 4,144 | $ | 8,344 | |||||
Subordinated debentures | 29,427 | 29,427 | |||||||
Preferred stock | 46,316 | 23,184 | |||||||
Common stock | 114,365 | 114,365 | |||||||
Accumulated deficit | (10,823 | ) | (14,687 | ) | |||||
Treasury Stock | (17,235 | ) | (17,235 | ) | |||||
Accumulated other comprehensive loss | (4,247 | ) | (1,647 | ) | |||||
Total liabilities and shareholders’ equity | $ | 161,947 | $ | 141,751 | |||||
Schedule of Condensed Statements of Operations | ' | ||||||||
For the years ended | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Condensed Statements of Operations | |||||||||
Dividends from bank subsidiaries | $ | 7,888 | $ | 4,747 | |||||
Interest expense | (740 | ) | (833 | ) | |||||
Pension expense | (4,072 | ) | (1,257 | ) | |||||
Other expense, net | (952 | ) | (854 | ) | |||||
Income before equity in undistributed net earnings of subsidiaries | 2,124 | 1,803 | |||||||
Income tax benefit | 1,960 | 1,001 | |||||||
Equity in undistributed net earnings of subsidiaries | 2,095 | 2,775 | |||||||
Net income | $ | 6,179 | $ | 5,579 | |||||
Comprehensive income | $ | 3,579 | $ | 4,100 | |||||
Schedule of Condensed Statements of Cash Flows | ' | ||||||||
For the years ended | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Condensed Statements of Cash Flows | |||||||||
Operating activities: | |||||||||
Net income | $ | 6,179 | $ | 5,579 | |||||
Adjustment to reconcile net income to net cash provided by operating activities: | |||||||||
Change in other assets and other liabilities | (1,620 | ) | 959 | ||||||
Equity in undistributed net earnings of subsidiaries | (2,095 | ) | (2,775 | ) | |||||
Net cash from operating activities | 2,464 | 3,763 | |||||||
Financing activities: | |||||||||
Proceeds from issuance of preferred stock | 23,132 | — | |||||||
Cash dividends paid | (2,315 | ) | (2,084 | ) | |||||
Net cash provided by (used for) financing activities | 20,817 | (2,084 | ) | ||||||
Net change in cash and cash equivalents | 23,281 | 1,679 | |||||||
Cash and cash equivalents at beginning of year | 9,291 | 7,612 | |||||||
Cash and cash equivalents at end of year | $ | 32,572 | $ | 9,291 | |||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Factors Used in Earnings Per Share Computation | ' | ||||||||
The factors used in the earnings per share computation follow. | |||||||||
2013 | 2012 | ||||||||
Basic | |||||||||
Net income available to common shareholders | $ | 5,020 | $ | 4,386 | |||||
Weighted average common shares outstanding | 7,707,917 | 7,707,917 | |||||||
Basic earnings per share | $ | 0.65 | $ | 0.57 | |||||
Diluted | |||||||||
Net income available to common shareholders | $ | 5,020 | $ | 4,386 | |||||
Weighted average common shares outstanding for basic earnings per common share | 7,707,917 | 7,707,917 | |||||||
Add: dilutive effects of convertible preferred shares | 113,863 | — | |||||||
Average shares and dilutive potential common shares outstanding | 7,821,780 | 7,707,917 | |||||||
Diluted earnings per share | $ | 0.64 | $ | 0.57 | |||||
Quarterly_Financial_Data_Table
Quarterly Financial Data (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||
Schedule of Quarterly Financial Data | ' | ||||||||||||||||||||
Interest | Net Interest | Net | Basic | Diluted | |||||||||||||||||
Income | Income | Income | Earnings | Earnings | |||||||||||||||||
per | per | ||||||||||||||||||||
Common | Common | ||||||||||||||||||||
Share | Share | ||||||||||||||||||||
2013 | |||||||||||||||||||||
First quarter (1)(2)(5) | $ | 11,287 | $ | 9,988 | $ | 1,913 | $ | 0.21 | $ | 0.21 | |||||||||||
Second quarter (1)(2)(3) | 11,025 | 9,781 | 1,657 | 0.18 | 0.18 | ||||||||||||||||
Third quarter (1)(2) | 11,127 | 9,917 | 1,566 | 0.17 | 0.17 | ||||||||||||||||
Fourth quarter (1)(2)(4)(6) | 11,443 | 10,290 | 1,043 | 0.09 | 0.08 | ||||||||||||||||
2012 | |||||||||||||||||||||
First quarter (6)(7)(8) | $ | 12,118 | $ | 10,445 | $ | 1,293 | $ | 0.13 | $ | 0.13 | |||||||||||
Second quarter (6)(7)(10) | 11,757 | 10,146 | 936 | 0.08 | 0.08 | ||||||||||||||||
Third quarter (6)(7)(8) | 11,529 | 10,028 | 1,384 | 0.14 | 0.14 | ||||||||||||||||
Fourth quarter (6)(7)(8)(9) | 11,357 | 9,959 | 1,966 | 0.22 | 0.22 | ||||||||||||||||
(1) | Interest income decreased as loans repriced downward. | ||||||||||||||||||||
(2) | Interest expense decreased as deposits repriced downward and the deposit mix shifted toward cheaper funding sources. | ||||||||||||||||||||
(3) | Net interest income and net income decreased due to reversed late charges. | ||||||||||||||||||||
(4) | Net interest income and net income increased due to increased loan volume. | ||||||||||||||||||||
(5) | Net income increased due to fees on tax refund program. | ||||||||||||||||||||
(6) | Net income decreased due to non cash charge to pension plan. | ||||||||||||||||||||
(6) | Interest income decreased as loans repriced downward. | ||||||||||||||||||||
(7) | Interest expense decreased as deposits repriced downward and the deposit mix shifted toward cheaper funding sources. | ||||||||||||||||||||
(8) | Net income increased due to a reduction in provision for loan losses. | ||||||||||||||||||||
(9) | Interest income decreased due to reversed income related to nonaccrual loans. | ||||||||||||||||||||
(10) | Net income decreased due to reserves for unfunded commitments. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Significant Accounting Policies [Line Items] | ' | ' |
Percentage of insurance commission revenue of total revenue | 'Less than 1.0% | ' |
Allowance for loan losses related to commercial loans and real estate loans | 500 | ' |
Number of days reaching which loans are considered for nonaccrual status | '90 days | ' |
Other assets | 9,509 | 9,304 |
Federal Home Loan Bank par value | 100 | ' |
Tax position realized upon ultimate settlement | 50.00% | ' |
Number of operating segments | 1 | ' |
Other Real Estate Owned [Member] | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' |
Other assets | 173 | 471 |
Unsecured Debt [Member] | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' |
Retail loans past due charge off period | '90 days | ' |
Secured Debt [Member] | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' |
Residential real estate loans past due assessment of value period | '180 days | ' |
Other Debt [Member] | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' |
Loans past due charged down to the net realizable value period | '90 days | ' |
Maximum [Member] | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' |
Original maturities for cash and cash equivalents | '90 days | ' |
Estimated useful life of intangible assets | ' | '12 years |
Maximum [Member] | Furniture and equipment [Member] | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' |
Estimated useful life of asset | ' | '7 years |
Maximum [Member] | Buildings and improvements [Member] | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' |
Estimated useful life of asset | ' | '50 years |
Minimum [Member] | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' |
Estimated useful life of intangible assets | '5 years | ' |
Minimum [Member] | Furniture and equipment [Member] | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' |
Estimated useful life of asset | '3 years | ' |
Minimum [Member] | Buildings and improvements [Member] | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' |
Estimated useful life of asset | '7 years | ' |
Water St. [Member] | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' |
Percentage of insurance commission revenue of total revenue | 'Less than 1% | ' |
Securities_Available_for_Sale_
Securities - Available for Sale Securities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $199,094 | $195,098 |
Gross Unrealized Gains | 3,549 | 9,175 |
Gross Unrealized Losses | -3,030 | -312 |
Total securities available for sale, Fair Value | 199,613 | 203,961 |
U.S. Treasury Securities and Obligations of U.S. Government Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 52,229 | 53,919 |
Gross Unrealized Gains | 95 | 375 |
Gross Unrealized Losses | -764 | -8 |
Total securities available for sale, Fair Value | 51,560 | 54,286 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 79,975 | 72,884 |
Gross Unrealized Gains | 2,327 | 6,946 |
Gross Unrealized Losses | -1,677 | -24 |
Total securities available for sale, Fair Value | 80,625 | 79,806 |
Mortgage-backed Securities in Government Sponsored Entities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 66,409 | 67,814 |
Gross Unrealized Gains | 1,127 | 1,854 |
Gross Unrealized Losses | -557 | -233 |
Total securities available for sale, Fair Value | 66,979 | 69,435 |
Total Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 198,613 | 194,617 |
Gross Unrealized Gains | 3,549 | 9,175 |
Gross Unrealized Losses | -2,998 | -265 |
Total securities available for sale, Fair Value | 199,164 | 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 | -32 | -47 |
Total securities available for sale, Fair Value | $449 | $434 |
Securities_Fair_Value_of_Secur
Securities - Fair Value of Securities Available for Sale by Contractual Maturity (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investments Debt And Equity Securities [Abstract] | ' | ' |
Due in one year or less, Amortized Cost | $3,296 | ' |
Due from one to five years, Amortized Cost | 21,451 | ' |
Due from five to ten years, Amortized Cost | 34,288 | ' |
Due after ten years, Amortized Cost | 73,169 | ' |
Mortgage-backed securities in government sponsored entities, Amortized Cost | 66,409 | ' |
Equity securities in financial institutions, Amortized Cost | 481 | ' |
Total securities available for sale, Amortized Cost | 199,094 | 195,098 |
Due in one year or less, Fair Value | 3,309 | ' |
Due from one to five years, Fair Value | 21,334 | ' |
Due from five to ten years, Fair Value | 34,403 | ' |
Due after ten years, Fair Value | 73,139 | ' |
Mortgage-backed securities in government sponsored entities, Fair Value | 66,979 | ' |
Equity securities in financial institutions, Fair Value | 449 | ' |
Total securities available for sale, Fair Value | $199,613 | $203,961 |
Securities_Additional_Informat
Securities - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Security | |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' |
Carrying value of pledged securities | $147,625 | $147,204 |
Number of securities in portfolio with unrealized losses | 91 | ' |
Securities_Proceeds_from_Sales
Securities - Proceeds from Sales of Securities, Gross Realized Gains and Losses (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' |
Sale proceeds | $8,686 | $12,982 |
Gross realized gains | 144 | 99 |
Gross realized losses | -89 | -59 |
Gains from securities called or settled by the issuer | $149 | ' |
Securities_Securities_with_Unr
Securities - Securities with Unrealized Losses not Recognized in Income (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
12 Months or less, Fair Value | $92,234 | $15,965 |
12 Months or less, Unrealized Loss | -2,905 | -292 |
More than 12 months, Fair Value | 1,247 | 2,587 |
More than 12 months, Unrealized Loss | -125 | -20 |
Total Fair Value | 93,481 | 18,552 |
Total Unrealized Loss | -3,030 | -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 | 30,800 | 6,184 |
12 Months or less, Unrealized Loss | -764 | -8 |
More than 12 months, Fair Value | ' | ' |
More than 12 months, Unrealized Loss | ' | ' |
Total Fair Value | 30,800 | 6,184 |
Total Unrealized Loss | -764 | -8 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
12 Months or less, Fair Value | 28,428 | 1,440 |
12 Months or less, Unrealized Loss | -1,556 | -22 |
More than 12 months, Fair Value | 968 | 465 |
More than 12 months, Unrealized Loss | -121 | -2 |
Total Fair Value | 29,396 | 1,905 |
Total Unrealized Loss | -1,677 | -24 |
Mortgage-backed Securities in Government Sponsored Entities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
12 Months or less, Fair Value | 32,557 | 7,907 |
12 Months or less, Unrealized Loss | -553 | -215 |
More than 12 months, Fair Value | 279 | 2,122 |
More than 12 months, Unrealized Loss | -4 | -18 |
Total Fair Value | 32,836 | 10,029 |
Total Unrealized Loss | -557 | -233 |
Equity Securities in Financial Institutions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
12 Months or less, Fair Value | 449 | 434 |
12 Months or less, Unrealized Loss | -32 | -47 |
More than 12 months, Fair Value | ' | ' |
More than 12 months, Unrealized Loss | ' | ' |
Total Fair Value | 449 | 434 |
Total Unrealized Loss | ($32) | ($47) |
Loans_Summary_of_Loan_Balances
Loans - Summary of Loan Balances (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | $861,241 | $815,553 |
Allowance for loan losses | -16,528 | -19,742 |
Net loans | 844,713 | 795,811 |
Commercial and Agriculture [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 115,875 | 100,661 |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 443,846 | 434,808 |
Residential Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 250,691 | 250,598 |
Real Estate Construction [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | 39,964 | 19,677 |
Consumer and Other [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Total Loans | $10,865 | $9,809 |
Loans_Loans_to_Directors_and_E
Loans - Loans to Directors and Executive Officers Including Immediate Families and Companies (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Receivables [Abstract] | ' | ' |
Balance-Beginning of year | $9,997 | $10,922 |
New loans and advances | 3,262 | 5,713 |
Repayments | -3,157 | -6,788 |
Effect of changes to related parties | -808 | 150 |
Balance-End of year | $9,294 | $9,997 |
Allowance_for_Loan_Losses_Addi
Allowance for Loan Losses - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
SecurityLoan | SecurityLoan | |
Receivables [Abstract] | ' | ' |
Historical loss percentage period for portfolio segments | '3 years | ' |
Adequate allowance for loan losses | $16,528,000 | $19,742,000 |
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 | ' |
Conditions where loans are considered for nonaccrual status | 'A loan may be returned to accruing status only if one of three conditions are met the loan is well-secured and none of the principal and interest has been past due for a minimum of 90 days; the loan is a TDR and has made a minimum of six months payments; or the principal and interest payments are reasonably assured and a sustained period of performance has occurred, generally six months. | ' |
Loans | $0 | $0 |
Defaulted loans | 0 | 0 |
Impaired loans | 'Greater than $500 | ' |
Allowance_for_Loan_Losses_Allo
Allowance for Loan Losses - Allowance Related to Unallocated Segment (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Allowance for loan losses: | ' | ' |
Beginning balance | $19,742 | $21,257 |
Individually evaluated for impairment | 2,509 | 4,006 |
Charge-offs | -5,550 | -9,479 |
Collectively evaluated for impairment | 14,019 | 15,736 |
Recoveries | 1,236 | 1,564 |
Ending balance | 16,528 | 19,742 |
Provision | 1,100 | 6,400 |
Ending Balance | 16,528 | 19,742 |
Loan balances outstanding: | ' | ' |
Individually evaluated for impairment | 2,509 | 4,006 |
Collectively evaluated for impairment | 14,019 | 15,736 |
Ending balance | 16,528 | 19,742 |
Individually evaluated for impairment | 18,057 | 26,090 |
Collectively evaluated for impairment | 843,184 | 789,463 |
Ending balance | 861,241 | 815,553 |
Commercial and Agriculture [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Beginning balance | 2,811 | 2,876 |
Individually evaluated for impairment | 1,262 | 286 |
Charge-offs | -483 | -841 |
Collectively evaluated for impairment | 1,579 | 2,525 |
Recoveries | 141 | 353 |
Ending balance | 2,841 | 2,811 |
Provision | 372 | 423 |
Ending Balance | 2,841 | 2,811 |
Loan balances outstanding: | ' | ' |
Individually evaluated for impairment | 1,262 | 286 |
Collectively evaluated for impairment | 1,579 | 2,525 |
Ending balance | 2,841 | 2,811 |
Individually evaluated for impairment | 3,869 | 5,420 |
Collectively evaluated for impairment | 112,006 | 95,241 |
Ending balance | 115,875 | 100,661 |
Commercial Real Estate [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Beginning balance | 10,139 | 10,571 |
Individually evaluated for impairment | 445 | 2,354 |
Charge-offs | -1,804 | -3,440 |
Collectively evaluated for impairment | 7,114 | 7,785 |
Recoveries | 449 | 612 |
Ending balance | 7,559 | 10,139 |
Provision | -1,225 | 2,396 |
Ending Balance | 7,559 | 10,139 |
Loan balances outstanding: | ' | ' |
Individually evaluated for impairment | 445 | 2,354 |
Collectively evaluated for impairment | 7,114 | 7,785 |
Ending balance | 7,559 | 10,139 |
Individually evaluated for impairment | 10,175 | 13,941 |
Collectively evaluated for impairment | 433,671 | 420,867 |
Ending balance | 443,846 | 434,808 |
Residential Real Estate [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Beginning balance | 5,780 | 5,796 |
Individually evaluated for impairment | 802 | 1,199 |
Charge-offs | -2,907 | -4,506 |
Collectively evaluated for impairment | 4,422 | 4,581 |
Recoveries | 458 | 397 |
Ending balance | 5,224 | 5,780 |
Provision | 1,893 | 4,093 |
Ending Balance | 5,224 | 5,780 |
Loan balances outstanding: | ' | ' |
Individually evaluated for impairment | 802 | 1,199 |
Collectively evaluated for impairment | 4,422 | 4,581 |
Ending balance | 5,224 | 5,780 |
Individually evaluated for impairment | 4,005 | 6,127 |
Collectively evaluated for impairment | 246,686 | 244,471 |
Ending balance | 250,691 | 250,598 |
Real Estate Construction [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Beginning balance | 349 | 974 |
Individually evaluated for impairment | ' | 107 |
Charge-offs | -136 | -446 |
Collectively evaluated for impairment | 184 | 242 |
Recoveries | 108 | 131 |
Ending balance | 184 | 349 |
Provision | -137 | -310 |
Ending Balance | 184 | 349 |
Loan balances outstanding: | ' | ' |
Individually evaluated for impairment | ' | 107 |
Collectively evaluated for impairment | 184 | 242 |
Ending balance | 184 | 349 |
Individually evaluated for impairment | ' | 541 |
Collectively evaluated for impairment | 39,964 | 19,136 |
Ending balance | 39,964 | 19,677 |
Consumer and Other [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Beginning balance | 246 | 719 |
Individually evaluated for impairment | ' | 60 |
Charge-offs | -220 | -246 |
Collectively evaluated for impairment | 214 | 186 |
Recoveries | 80 | 71 |
Ending balance | 214 | 246 |
Provision | 108 | -298 |
Ending Balance | 214 | 246 |
Loan balances outstanding: | ' | ' |
Individually evaluated for impairment | ' | 60 |
Collectively evaluated for impairment | 214 | 186 |
Ending balance | 214 | 246 |
Individually evaluated for impairment | 8 | 61 |
Collectively evaluated for impairment | 10,857 | 9,748 |
Ending balance | 10,865 | 9,809 |
Unallocated [Member] | ' | ' |
Allowance for loan losses: | ' | ' |
Beginning balance | 417 | 321 |
Individually evaluated for impairment | ' | ' |
Charge-offs | ' | ' |
Collectively evaluated for impairment | 506 | 417 |
Recoveries | ' | ' |
Ending balance | 506 | 417 |
Provision | 89 | 96 |
Ending Balance | 506 | 417 |
Loan balances outstanding: | ' | ' |
Individually evaluated for impairment | ' | ' |
Collectively evaluated for impairment | 506 | 417 |
Ending balance | 506 | 417 |
Individually evaluated for impairment | ' | ' |
Collectively evaluated for impairment | ' | ' |
Ending balance | ' | ' |
Allowance_for_Loan_Losses_Cred
Allowance for Loan Losses - Credit Exposures by Internally Assigned Grades (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | $707,769 | $659,229 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 660,308 | 595,300 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 12,190 | 10,320 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 32,922 | 53,609 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 2,349 | ' |
Commercial and Agriculture [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 115,875 | 100,661 |
Commercial and Agriculture [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 107,923 | 90,159 |
Commercial and Agriculture [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 2,038 | 1,653 |
Commercial and Agriculture [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 5,914 | 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 | 443,846 | 434,808 |
Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 415,938 | 397,657 |
Commercial Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 9,145 | 6,371 |
Commercial Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 18,763 | 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 | 110,210 | 104,713 |
Residential Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 98,700 | 89,896 |
Residential Real Estate [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 986 | 1,944 |
Residential Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 8,175 | 12,873 |
Residential Real Estate [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 2,349 | ' |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 35,516 | 17,947 |
Real Estate Construction [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 35,495 | 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 | 2,322 | 1,100 |
Consumer [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Credit exposures by internally assigned grades | 2,252 | 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 | 70 | 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 $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Performing | $153,472 | $156,305 |
Nonperforming | ' | 19 |
Total | 153,472 | 156,324 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Performing | 140,481 | 145,879 |
Nonperforming | ' | 6 |
Total | 140,481 | 145,885 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Performing | 4,448 | 1,730 |
Nonperforming | ' | ' |
Total | 4,448 | 1,730 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Performing | 8,543 | 8,696 |
Nonperforming | ' | 13 |
Total | $8,543 | $8,709 |
Allowance_for_Loan_Losses_Agin
Allowance for Loan Losses - Aging Analysis of Past Due Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | $4,070 | $4,044 |
60-89 Days Past Due | 1,305 | 1,839 |
90 Days or Greater | 8,072 | 16,319 |
Total Past Due | 13,447 | 22,202 |
Current | 847,794 | 793,351 |
Total Loans | 861,241 | 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 | 105 | 31 |
60-89 Days Past Due | ' | 72 |
90 Days or Greater | 443 | 553 |
Total Past Due | 548 | 656 |
Current | 115,327 | 100,005 |
Total Loans | 115,875 | 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 | 655 | 1,000 |
60-89 Days Past Due | 201 | 533 |
90 Days or Greater | 2,098 | 6,794 |
Total Past Due | 2,954 | 8,327 |
Current | 440,892 | 426,481 |
Total Loans | 443,846 | 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 | 3,140 | 2,843 |
60-89 Days Past Due | 1,084 | 1,214 |
90 Days or Greater | 5,531 | 8,527 |
Total Past Due | 9,755 | 12,584 |
Current | 240,936 | 238,014 |
Total Loans | 250,691 | 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 | 39,964 | 19,218 |
Total Loans | 39,964 | 19,677 |
Past Due 90 Days and Accruing | ' | ' |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 170 | 127 |
60-89 Days Past Due | 20 | 20 |
90 Days or Greater | ' | 29 |
Total Past Due | 190 | 176 |
Current | 10,675 | 9,633 |
Total Loans | 10,865 | 9,809 |
Past Due 90 Days and Accruing | ' | ' |
Allowance_for_Loan_Losses_Summ
Allowance for Loan Losses - Summary of Nonaccrual Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total, Non-Accrual Status | $20,459 | $29,855 |
Commercial and Agriculture [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total, Non-Accrual Status | 1,590 | 2,869 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total, Non-Accrual Status | 9,609 | 16,250 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total, Non-Accrual Status | 9,210 | 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 | $50 | $77 |
Allowance_for_Loan_Losses_Sche
Allowance for Loan Losses - Schedule of Troubled Debt Restructurings (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Contract | Contract | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Number of Contracts | 2 | 39 |
Pre-Modification Outstanding Recorded Investment | $547 | $3,995 |
Post-Modification Outstanding Recorded Investment | 547 | 3,909 |
Commercial and Agriculture [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Number of Contracts | ' | 6 |
Pre-Modification Outstanding Recorded Investment | ' | 984 |
Post-Modification Outstanding Recorded Investment | ' | 976 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Number of Contracts | 2 | 3 |
Pre-Modification Outstanding Recorded Investment | 547 | 1,205 |
Post-Modification Outstanding Recorded Investment | 547 | 1,205 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Number of Contracts | ' | 25 |
Pre-Modification Outstanding Recorded Investment | ' | 1,740 |
Post-Modification Outstanding Recorded Investment | ' | 1,662 |
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 | ' | 5 |
Pre-Modification Outstanding Recorded Investment | ' | 66 |
Post-Modification Outstanding Recorded Investment | ' | $66 |
Allowance_for_Loan_Losses_Impa
Allowance for Loan Losses - Impaired Financing Receivables (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired financing receivables, with no related allowance recorded, Recorded Investment | $8,718 | $13,066 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 10,142 | 19,208 |
Impaired financing receivables, with no related allowance recorded, Related Allowance | ' | ' |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 9,339 | 13,024 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 10,954 | 14,227 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 2,509 | 4,006 |
Impaired financing receivables, Recorded Investment, Total | 18,057 | 26,090 |
Impaired financing receivables, Unpaid Principal Balance, Total | 21,096 | 33,435 |
Impaired financing receivables, Related Allowance, Total | 2,509 | 4,006 |
Impaired financing receivables, Average Recorded Investment, Total | 22,051 | 26,720 |
Impaired financing receivables, Interest Income Recognized, Total | 989 | 1,818 |
Commercial and Agriculture [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 1,525 | 5,053 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 1,657 | 5,226 |
Impaired financing receivables, with no related allowance recorded, Related Allowance | ' | ' |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 2,344 | 367 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 2,437 | 385 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 1,262 | 286 |
Impaired financing receivables, Recorded Investment, Total | 3,869 | 5,420 |
Impaired financing receivables, Unpaid Principal Balance, Total | 4,094 | 5,611 |
Impaired financing receivables, Related Allowance, Total | 1,262 | 286 |
Impaired financing receivables, Average Recorded Investment, Total | 4,761 | 4,762 |
Impaired financing receivables, Interest Income Recognized, Total | 186 | 276 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 5,983 | 5,446 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 6,214 | 8,114 |
Impaired financing receivables, with no related allowance recorded, Related Allowance | ' | ' |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 4,192 | 8,495 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 4,496 | 8,681 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 445 | 2,354 |
Impaired financing receivables, Recorded Investment, Total | 10,175 | 13,941 |
Impaired financing receivables, Unpaid Principal Balance, Total | 10,710 | 16,795 |
Impaired financing receivables, Related Allowance, Total | 445 | 2,354 |
Impaired financing receivables, Average Recorded Investment, Total | 11,919 | 16,482 |
Impaired financing receivables, Interest Income Recognized, Total | 521 | 958 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 1,202 | 2,566 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 2,263 | 5,346 |
Impaired financing receivables, with no related allowance recorded, Related Allowance | ' | ' |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 2,803 | 3,561 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 4,021 | 4,554 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 802 | 1,199 |
Impaired financing receivables, Recorded Investment, Total | 4,005 | 6,127 |
Impaired financing receivables, Unpaid Principal Balance, Total | 6,284 | 9,900 |
Impaired financing receivables, Related Allowance, Total | 802 | 1,199 |
Impaired financing receivables, Average Recorded Investment, Total | 5,038 | 4,909 |
Impaired financing receivables, Interest Income Recognized, Total | 282 | 557 |
Real Estate Construction [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired financing receivables, with no related allowance recorded, Recorded Investment | ' | ' |
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 | 302 | 533 |
Impaired financing receivables, Interest Income Recognized, Total | ' | 25 |
Consumer and Other [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 8 | 1 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 8 | 1 |
Impaired financing receivables, with no related allowance recorded, Related Allowance | ' | ' |
Impaired financing receivables, with an allowance recorded, Recorded Investment | ' | 60 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | ' | 60 |
Impaired financing receivables, with an allowance recorded, Related Allowance | ' | 60 |
Impaired financing receivables, Recorded Investment, Total | 8 | 61 |
Impaired financing receivables, Unpaid Principal Balance, Total | 8 | 61 |
Impaired financing receivables, Related Allowance, Total | ' | 60 |
Impaired financing receivables, Average Recorded Investment, Total | 31 | 34 |
Impaired financing receivables, Interest Income Recognized, Total | ' | $2 |
Other_Comprehensive_Income_Cha
Other Comprehensive Income - Changes in Each Component of Accumulated Other Comprehensive Loss, Net of Tax (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Beginning balance | ($1,647) | ($168) |
Other comprehensive income (loss) before reclassifications | -5,373 | 414 |
Amounts reclassified from accumulated other comprehensive income (loss) | 2,773 | -1,893 |
Net current-period other comprehensive income (loss) | -2,600 | -1,479 |
Ending balance | -4,247 | -1,647 |
Unrealized Gains and Losses on Available-for-Sale Securities [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Beginning balance | 5,849 | 5,461 |
Other comprehensive income (loss) before reclassifications | -5,373 | 414 |
Amounts reclassified from accumulated other comprehensive income (loss) | -135 | -26 |
Net current-period other comprehensive income (loss) | -5,508 | 388 |
Ending balance | 341 | 5,849 |
Defined Benefit Pension Items [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Beginning balance | -7,496 | -5,629 |
Other comprehensive income (loss) before reclassifications | ' | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | 2,908 | -1,867 |
Net current-period other comprehensive income (loss) | 2,908 | -1,867 |
Ending balance | ($4,588) | ($7,496) |
Other_Comprehensive_Income_Amo
Other Comprehensive Income - Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Loss (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' |
Income tax expense | $1,373 | $1,725 |
Tax effect | 5,020 | 4,386 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' |
Tax effect | -2,773 | 1,893 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gains and Losses on Available-for-Sale Securities [Member] | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' |
Unrealized gains and losses on available-for-sale securities | 204 | 40 |
Income tax expense | -69 | -14 |
Tax effect | 135 | 26 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Defined Benefit Pension Items [Member] | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' |
Actuarial gains/(losses) | -4,406 | 2,829 |
Income tax expense | 1,498 | -962 |
Tax effect | ($2,908) | $1,867 |
Premises_and_Equipment_YearEnd
Premises and Equipment - Year-End Premises and Equipment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | $43,917 | $42,756 |
Accumulated depreciation | -26,990 | -25,590 |
Premises and equipment, net | 16,927 | 17,166 |
Land and improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 4,083 | 4,094 |
Buildings and improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 19,681 | 19,482 |
Furniture and equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | $20,153 | $19,180 |
Premises_and_Equipment_Additio
Premises and Equipment - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Property Plant And Equipment [Abstract] | ' | ' |
Depreciation | $1,509 | $1,493 |
Rent expense | $367 | $344 |
Premises_and_Equipment_Rent_Co
Premises and Equipment - Rent Commitments Under Non - Cancelable Operating Leases (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Leases [Abstract] | ' |
2014 | $359 |
2015 | 274 |
2016 | 231 |
2017 | 213 |
2018 | 117 |
Thereafter | 87 |
Total | $1,281 |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ' |
Goodwill | $21,720 | $21,720 |
Amortization of intangible assets | $846 | $974 |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets - Schedule of Acquired Intangible Assets (Detail) (Core deposit and other intangibles [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Core deposit and other intangibles [Member] | ' | ' |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | $11,619 | $11,619 |
Accumulated Amortization | $9,326 | $8,480 |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets - Schedule of Estimated Amortization Expense (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Goodwill And Intangible Assets Disclosure [Abstract] | ' |
2014 | $769 |
2015 | 555 |
2016 | 522 |
2017 | 447 |
Thereafter | ' |
Estimated amortization expense | $2,293 |
Interest_Bearing_Deposits_Summ
Interest - Bearing Deposits - Summary of Interest- Bearing Deposits (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Banking And Thrift [Abstract] | ' | ' |
Demand | $168,113 | $170,190 |
Statement and Passbook Savings | 303,037 | 289,781 |
Certificates of Deposit: In excess of $100 | 66,561 | 76,261 |
Certificates of Deposit : Other | 139,586 | 154,843 |
Individual Retirement Accounts | 30,202 | 32,898 |
Total | $707,499 | $723,973 |
Interest_Bearing_Deposits_Sche
Interest - Bearing Deposits - Scheduled Maturities of Certificates of Deposit (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Banking And Thrift [Abstract] | ' |
2014 | $156,593 |
2015 | 43,240 |
2016 | 13,384 |
2017 | 9,635 |
2018 | 3,995 |
Thereafter | 9,502 |
Total | $236,349 |
Interest_Bearing_Deposits_Addi
Interest - Bearing Deposits - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deposits [Line Items] | ' | ' |
Deposits from principal officers, directors, and their affiliates | $942,475 | $926,389 |
Principal officers, directors, and their affiliates [Member] | ' | ' |
Deposits [Line Items] | ' | ' |
Deposits from principal officers, directors, and their affiliates | $8,606 | $8,493 |
Federal_Home_Loan_Bank_Advance2
Federal Home Loan Bank Advances - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Banking And Thrift [Abstract] | ' | ' |
Cash management advance line of credit | $40,000,000 | ' |
Outstanding balance on line of credit | 0 | 0 |
Repo advance line | 80,000,000 | ' |
Outstanding balances on Repo advance line | 0 | ' |
Advances from FHLB | 37,726,000 | 40,261,000 |
Maturities from June 2014through January 2017, fixed rates, minimum | 2.06% | ' |
Maturities from June 2014through January 2017, fixed rates, maximum | 4.85% | ' |
Maturities from June 2014through January 2017, fixed rates, averaging | 2.56% | ' |
Maturities, year from | '2014 | ' |
Maturities, year to | '2017 | ' |
Outstanding letters of credit with FHLB | 23,300,000 | 23,600,000 |
FHLB borrowings collateralized by residential mortgage loans | 91,540,000 | 95,792,000 |
FHLB maximum borrowing capacity | 130,450,000 | ' |
FHLB remaining borrowing capacity | $69,423,000 | ' |
Federal_Home_Loan_Bank_Advance3
Federal Home Loan Bank Advances - Scheduled Principal Reductions of Federal Home Loan Bank Advances (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Banking And Thrift [Abstract] | ' |
2014 | $30,226 |
2015 | 5,000 |
2017 | 2,500 |
Total | $37,726 |
Securities_Sold_Under_Agreemen2
Securities Sold Under Agreements to Repurchase - Schedule of Securities Sold Under Agreements to Repurchase and Treasury Tax and Loan Deposits (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Debt Disclosure [Abstract] | ' | ' | ' |
Average balance during the year | $20,749 | $18,912 | $21,588 |
Average interest rate during the year | 0.10% | 0.11% | 0.15% |
Maximum month-end balance during the year | $24,257 | $23,328 | $25,246 |
Weighted average interest rate at year end | 0.10% | 0.11% | 0.16% |
Securities_Sold_Under_Agreemen3
Securities Sold Under Agreements to Repurchase - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Disclosure [Abstract] | ' | ' |
Securities underlying repurchase agreements | $20,053 | $23,219 |
Subordinated_Debentures_Additi
Subordinated Debentures - Additional Information (Detail) (USD $) | 1 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Apr. 30, 2007 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2011 |
Minimum [Member] | Futura TPF Trust I [Member] | Futura TPF Trust II [Member] | 2.56% debenture [Member] | Subordinated debentures [Member] | 3.46% debenture [Member] | 1.91% debenture [Member] | 6.05% fixed rate trust preferred securities [Member] | 1.97% debenture [Member] | 1.97% debenture [Member] | |||
Futura TPF Trust I [Member] | Futura TPF Trust II [Member] | |||||||||||
Subordinated Borrowing [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Floating rate trust preferred securities issued | ' | $5,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from pooled offerings of securities | ' | 7,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redeem and refinance of floating rate subordinated debenture | 5,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Refinancing at face value, reduction rate | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subordinated debenture, maturity period | ' | '30 years | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' |
Debt, face amount | ' | ' | ' | ' | ' | 12,500 | ' | 7,500 | 5,000 | 12,500 | 2,500 | 1,927 |
Debt, interest rate | ' | ' | ' | ' | ' | 2.50% | ' | 3.40% | 1.84% | 6.05% | ' | ' |
Acquired trust preferred securities | ' | ' | ' | 2,500 | 1,927 | ' | ' | ' | ' | ' | ' | ' |
Subordinated debentures may redeem part of principal amount | ' | ' | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subordinated debentures, principal amount percentage | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subordinated debenture, maturity date | ' | ' | ' | ' | ' | ' | 15-Jun-35 | ' | ' | ' | ' | ' |
Redemption of subordinated debentures description | ' | ' | ' | ' | ' | 'The Corporation may redeem the subordinated debentures, in whole or in part, in a principal amount with integral multiples of $1,000, on or after June 15, 2010 at 100% of the principal amount, plus accrued and unpaid interest. | ' | ' | ' | ' | ' | ' |
Debt instrument, variable interest rate percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.90% | 1.90% |
Income_Taxes_Schedule_of_Incom
Income Taxes - Schedule of Income Tax Expense (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | ' | ' |
Current | $11 | $1,395 |
Deferred | 1,362 | 330 |
Income tax expense | $1,373 | $1,725 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | ' | ' |
Statutory federal income tax rate | 34.00% | ' |
Tax benefit attributable to security gains (losses) | $0 | $0 |
Liability for uncertain tax positions, current | 0 | ' |
Unrecognized tax benefits | $0 | ' |
Income_Taxes_Effective_Tax_Rat
Income Taxes - Effective Tax Rates Differ from Statutory Federal Income Tax Rate (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | ' | ' |
Income taxes computed at the statutory federal tax rate | $2,568 | $2,483 |
Add (subtract) tax effect of: | ' | ' |
Nontaxable interest income, net of nondeductible interest expense | -781 | -630 |
Low income housing tax credit | -280 | ' |
Cash surrender value of BOLI | -189 | -213 |
Other | 55 | 85 |
Income tax expense | $1,373 | $1,725 |
Income_Taxes_Summary_of_Deferr
Income Taxes - Summary of Deferred Tax Assets and Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets | ' | ' |
Allowance for loan losses | $5,620 | $6,712 |
Deferred compensation | 1,223 | 1,057 |
Intangible assets | 50 | 182 |
Pension costs | 996 | 2,775 |
Impairment losses | 146 | 195 |
Other | 133 | 171 |
Deferred tax asset | 8,168 | 11,092 |
Deferred tax liabilities | ' | ' |
Tax depreciation in excess of book depreciation | -466 | -295 |
Discount accretion on securities | -77 | -73 |
Purchase accounting adjustments | -1,465 | -1,774 |
FHLB stock dividends | -2,249 | -2,249 |
Unrealized gain on securities available for sale | -176 | -3,013 |
Other | -174 | -105 |
Deferred tax liability | -4,607 | -7,509 |
Net deferred tax asset | $3,561 | $3,583 |
Retirement_Plans_Additional_In
Retirement Plans - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Matching contribution to 401(k) plan | $204 | $190 |
Pension plan eligibility age of employees | '20 years 6 months | ' |
Pension plan eligibility service period of employees | '6 months | ' |
Pension plan eligibility service hours of employees | '1000 hours | ' |
Accumulated benefit obligation for defined benefit pension plan | 14,537 | 17,379 |
Net periodic benefit cost over the next fiscal year | 352 | ' |
Long-term rate of return on plan assets | 7.00% | 7.00% |
Expected future employer contribution | 1,275 | ' |
Employer contribution | 4,900 | 1,510 |
Fund status | -2,990 | -8,163 |
Supplemental Retirement Plan [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Maximum retirement year for participants | '10 years | ' |
Liability recorded for supplemental retirement plan | 1,111 | 700 |
Expenses recorded for supplemental retirement plan | $412 | $369 |
Retirement_Plans_Information_a
Retirement Plans - Information about Pension Plan (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Change in benefit obligation: | ' | ' |
Beginning benefit obligation | $21,604 | $16,934 |
Service cost | 1,204 | 939 |
Interest cost | 884 | 915 |
Settlement loss | 821 | ' |
Actuarial (gain)/loss | -1,272 | 3,474 |
Benefits paid | -4,785 | -658 |
Ending benefit obligation | 18,456 | 21,604 |
Change in plan assets, at fair value: | ' | ' |
Beginning plan assets | 13,441 | 11,445 |
Actual return | 1,943 | 1,181 |
Employer contribution | 4,900 | 1,510 |
Benefits paid | -4,785 | -658 |
Administrative expenses | -33 | -37 |
Ending plan assets | 15,466 | 13,441 |
Funded status at end of year | ($2,990) | ($8,163) |
Retirement_Plans_Amounts_Recog
Retirement Plans - Amounts Recognized in Accumulated Other Comprehensive Income (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Compensation And Retirement Disclosure [Abstract] | ' | ' |
Unrecognized actuarial loss (net of tax, of $2,364 in 2013 and $3,862 in 2012) | $4,588 | $7,496 |
Retirement_Plans_Amounts_Recog1
Retirement Plans - Amounts Recognized in Accumulated Other Comprehensive Income (Parenthetical) (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Compensation And Retirement Disclosure [Abstract] | ' | ' |
Unrecognized actuarial loss, net of tax | $2,364 | $3,862 |
Retirement_Plans_Components_of
Retirement Plans - Components of Net Periodic Pension Expense (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Compensation And Retirement Disclosure [Abstract] | ' | ' |
Service cost | $1,204 | $939 |
Interest cost | 884 | 915 |
Expected return on plan assets | -965 | -858 |
Net amortization and deferral | 698 | 359 |
Net periodic benefit cost | 1,821 | 1,355 |
Net loss (gain) recognized in other comprehensive income | -4,406 | 2,829 |
Total recognized in net periodic benefit cost and other comprehensive income (before tax) | ($2,585) | $4,184 |
Retirement_Plans_Weighted_Aver
Retirement Plans - Weighted Average Assumptions Used to Determine Benefit Obligations (Detail) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Long-term rate of return on plan assets | 7.00% | 7.00% |
Benefit obligations [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Discount rate on benefit obligation | 4.38% | 3.72% |
Long-term rate of return on plan assets | 7.00% | 7.00% |
Rate of compensation increase | 3.00% | 3.00% |
Net periodic pension cost [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Discount rate on benefit obligation | 3.72% | 4.60% |
Long-term rate of return on plan assets | 7.00% | 7.00% |
Rate of compensation increase | 3.00% | 3.00% |
Retirement_Plans_Schedule_of_T
Retirement Plans - Schedule of Target Allocation and Expected Long-Term Rate of Return by Asset Category (Detail) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Percentage of Plan Assets at Year-end | 100.00% | 100.00% |
Equity Securities in Financial Institutions [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Target Allocation, minimum | 20.00% | ' |
Target Allocation, maximum | 50.00% | ' |
Percentage of Plan Assets at Year-end | 46.50% | 45.50% |
Total Debt Securities [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Target Allocation, minimum | 30.00% | ' |
Target Allocation, maximum | 60.00% | ' |
Percentage of Plan Assets at Year-end | 53.00% | 53.90% |
Money market funds [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Target Allocation, minimum | 20.00% | ' |
Target Allocation, maximum | 30.00% | ' |
Percentage of Plan Assets at Year-end | 0.50% | 0.60% |
Retirement_Plans_Plans_Assets_
Retirement Plans - Plan's Assets at Fair Value Hierarchy (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | $15,466 | $13,441 | $11,445 |
Supplemental Retirement Plan [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 15,466 | 13,441 | ' |
Supplemental Retirement Plan [Member] | Money market funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 79 | 76 | ' |
Supplemental Retirement Plan [Member] | Bond mutual funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 48 | 86 | ' |
Supplemental Retirement Plan [Member] | Common/collective trust, Bonds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 8,140 | 7,158 | ' |
Supplemental Retirement Plan [Member] | Common/collective trust, Equities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 5,439 | 4,772 | ' |
Supplemental Retirement Plan [Member] | Equity market funds, Commodity mutual funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 21 | 23 | ' |
Supplemental Retirement Plan [Member] | Equity market funds, International [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 337 | 240 | ' |
Supplemental Retirement Plan [Member] | Equity market funds, Large cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 1,093 | 808 | ' |
Supplemental Retirement Plan [Member] | Equity market funds, Mid cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 181 | 177 | ' |
Supplemental Retirement Plan [Member] | Equity market funds, Small cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 128 | 101 | ' |
(Level 1) [Member] | Supplemental Retirement Plan [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 15,466 | 13,441 | ' |
(Level 1) [Member] | Supplemental Retirement Plan [Member] | Money market funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 79 | 76 | ' |
(Level 1) [Member] | Supplemental Retirement Plan [Member] | Bond mutual funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 48 | 86 | ' |
(Level 1) [Member] | Supplemental Retirement Plan [Member] | Common/collective trust, Bonds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 8,140 | 7,158 | ' |
(Level 1) [Member] | Supplemental Retirement Plan [Member] | Common/collective trust, Equities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 5,439 | 4,772 | ' |
(Level 1) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Commodity mutual funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 21 | 23 | ' |
(Level 1) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, International [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 337 | 240 | ' |
(Level 1) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Large cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 1,093 | 808 | ' |
(Level 1) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Mid cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 181 | 177 | ' |
(Level 1) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Small cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | 128 | 101 | ' |
(Level 2) [Member] | Supplemental Retirement Plan [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 2) [Member] | Supplemental Retirement Plan [Member] | Money market funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 2) [Member] | Supplemental Retirement Plan [Member] | Bond mutual funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 2) [Member] | Supplemental Retirement Plan [Member] | Common/collective trust, Bonds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 2) [Member] | Supplemental Retirement Plan [Member] | Common/collective trust, Equities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 2) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Commodity mutual funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 2) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, International [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 2) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Large cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 2) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Mid cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 2) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Small cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 3) [Member] | Supplemental Retirement Plan [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 3) [Member] | Supplemental Retirement Plan [Member] | Money market funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 3) [Member] | Supplemental Retirement Plan [Member] | Bond mutual funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 3) [Member] | Supplemental Retirement Plan [Member] | Common/collective trust, Bonds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 3) [Member] | Supplemental Retirement Plan [Member] | Common/collective trust, Equities [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 3) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Commodity mutual funds [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 3) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, International [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 3) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Large cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 3) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Mid cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
(Level 3) [Member] | Supplemental Retirement Plan [Member] | Equity market funds, Small cap [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Total assets at fair value | ' | ' | ' |
Retirement_Plans_Summary_of_Ex
Retirement Plans - Summary of Expected Benefit Payments (Detail) (Supplemental Retirement Plan [Member], USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Supplemental Retirement Plan [Member] | ' |
Defined Benefit Plan Disclosure [Line Items] | ' |
2014 | $396 |
2015 | 512 |
2016 | 637 |
2017 | 842 |
2018 | 900 |
2019 through 2023 | 6,951 |
Total | $10,238 |
Stock_Options_Additional_Infor
Stock Options - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Option term maximum period | '10 years | ' | ' |
Option term minimum period | '3 years | ' | ' |
Shares, Outstanding at end of year | ' | 10,000 | 29,500 |
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 $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' |
Shares, Outstanding at beginning of year | 10,000 | 29,500 |
Shares, Granted | ' | ' |
Shares, Exercised | ' | ' |
Shares, Forfeited | ' | ' |
Shares, Expired | -10,000 | -19,500 |
Shares, Outstanding at end of year | ' | 10,000 |
Shares, Options exercisable at year-end | ' | 10,000 |
Weighted Average Exercise Price, Outstanding at beginning of year | $35 | $25.42 |
Weighted Average Exercise Price, Granted | ' | ' |
Weighted Average Exercise Price, Exercised | ' | ' |
Weighted Average Exercise Price, Forfeited | ' | ' |
Weighted Average Exercise Price, Expired | $35 | $20.50 |
Weighted Average Exercise Price, Outstanding at end of year | ' | $35 |
Weighted Average Exercise Price, Options exercisable at year-end | ' | $35 |
Fair_Value_Measurement_Assets_
Fair Value Measurement - Assets Measured at Fair Value (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | $15,548 | $22,084 |
(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 | 51,560 | 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 | 80,625 | 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 | 66,979 | 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 | 449 | 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 | 15,548 | 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 | $173 | $471 |
Fair_Value_Measurement_Quantit
Fair Value Measurement - Quantitative Information about Level 3 Fair Value Measurements (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Impaired Loans [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Estimate | 15,548 | 22,084 |
Impaired Loans [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Measurements, Valuation Technique | 'Appraisal of collateral | ' |
Fair Value Measurements, Valuation Technique | 'Appraisal of collateral | ' |
Impaired Loans [Member] | Discounted Cash Flows [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Measurements, Valuation Technique | 'Discounted cash flows | ' |
Fair Value Measurements, Valuation Technique | 'Discounted cash flows | ' |
Investments [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Estimate | ' | 468 |
Investments [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Measurements, Valuation Technique | 'Appraisal of collateral | ' |
Fair Value Measurements, Valuation Technique | 'Appraisal of collateral | ' |
Other Real Estate Owned [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Estimate | 173 | 471 |
Other Real Estate Owned [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Measurements, Valuation Technique | 'Appraisal of collateral | ' |
Fair Value Measurements, Valuation Technique | 'Appraisal of collateral | ' |
Maximum [Member] | Impaired Loans [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [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 Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Assumptions, Discount rates | 8.50% | 8.50% |
Maximum [Member] | Other Real Estate Owned [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Assumptions, Appraisal adjustments | 30.00% | 30.00% |
Fair Value Assumptions, Liquidation expense | 10.00% | 10.00% |
Maximum [Member] | Investments [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [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 Measurements, Recurring and Nonrecurring, Valuation Techniques [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 Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Assumptions, Discount rates | 2.00% | 2.00% |
Minimum [Member] | Other Real Estate Owned [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' | ' |
Fair Value Assumptions, Appraisal adjustments | 10.00% | 10.00% |
Fair Value Assumptions, Liquidation expense | 0.00% | 0.00% |
Minimum [Member] | Investments [Member] | Appraisal of Collateral [Member] | ' | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [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 $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Securities available for sale | ' | ' |
Beginning balance | $468 | $517 |
Principal payments | -468 | -49 |
Ending balance | ' | $468 |
Fair_Value_Measurement_Carryin
Fair Value Measurement - Carrying Amount and Fair Values of Financial Instruments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financial Assets: | ' | ' |
Securities available for sale | $199,613 | $203,961 |
Carrying Amount [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and due from financial institutions | 33,883 | 46,131 |
Securities available for sale | 199,613 | 203,961 |
Other securities | 15,424 | 15,567 |
Loans, available for sale | 438 | 1,873 |
Loans, net of allowance for loan losses | 844,713 | 795,811 |
Bank owned life insurance | 19,145 | 18,590 |
Accrued interest receivable | 3,881 | 3,709 |
Financial Liabilities: | ' | ' |
Nonmaturing deposits | 706,126 | 662,387 |
Time deposits | 236,349 | 264,002 |
Federal Home Loan Bank advances | 37,726 | 40,261 |
Securities sold under agreement to repurchase | 20,053 | 23,219 |
Subordinated debentures | 29,427 | 29,427 |
Accrued interest payable | 156 | 185 |
Total Fair Value [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and due from financial institutions | 33,883 | 46,131 |
Securities available for sale | 199,613 | 203,961 |
Other securities | 15,424 | 15,567 |
Loans, available for sale | 438 | 1,873 |
Loans, net of allowance for loan losses | 861,252 | 812,950 |
Bank owned life insurance | 19,145 | 18,590 |
Accrued interest receivable | 3,881 | 3,709 |
Financial Liabilities: | ' | ' |
Nonmaturing deposits | 706,126 | 662,387 |
Time deposits | 237,837 | 265,974 |
Federal Home Loan Bank advances | 38,767 | 41,658 |
Securities sold under agreement to repurchase | 20,053 | 23,219 |
Subordinated debentures | 20,605 | 26,855 |
Accrued interest payable | 156 | 185 |
(Level 1) [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and due from financial institutions | 33,883 | 46,131 |
Securities available for sale | ' | ' |
Other securities | 15,424 | 15,567 |
Loans, available for sale | 438 | 1,873 |
Loans, net of allowance for loan losses | ' | ' |
Bank owned life insurance | 19,145 | 18,590 |
Accrued interest receivable | 3,881 | 3,709 |
Financial Liabilities: | ' | ' |
Nonmaturing deposits | 706,126 | 662,387 |
Time deposits | ' | ' |
Federal Home Loan Bank advances | ' | ' |
Securities sold under agreement to repurchase | 20,053 | 23,219 |
Subordinated debentures | ' | ' |
Accrued interest payable | 156 | 185 |
(Level 2) [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and due from financial institutions | ' | ' |
Securities available for sale | 199,613 | 203,493 |
Other securities | ' | ' |
Loans, available for sale | ' | ' |
Loans, net of allowance for loan losses | ' | ' |
Bank owned life insurance | ' | ' |
Accrued interest receivable | ' | ' |
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 | 861,252 | 812,950 |
Bank owned life insurance | ' | ' |
Accrued interest receivable | ' | ' |
Financial Liabilities: | ' | ' |
Nonmaturing deposits | ' | ' |
Time deposits | 237,837 | 265,974 |
Federal Home Loan Bank advances | 38,767 | 41,658 |
Securities sold under agreement to repurchase | ' | ' |
Subordinated debentures | 20,605 | 26,855 |
Accrued interest payable | ' | ' |
Commitments_Contingencies_and_2
Commitments, Contingencies and Off-Balance-Sheet Risk - Contractual Amount of Financial Instruments with Off-Balance-Sheet Risk (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Fixed Rate | $12,084 | $9,723 |
Variable Rate | 174,827 | 138,304 |
Lines of Credit and Construction Loans [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Fixed Rate | 11,866 | 9,378 |
Variable Rate | 151,332 | 118,182 |
Overdraft Protection [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Fixed Rate | 18 | 51 |
Variable Rate | 21,084 | 19,726 |
Letters of Credit [Member] | ' | ' |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ' | ' |
Fixed Rate | 200 | 294 |
Variable Rate | $2,411 | $396 |
Commitments_Contingencies_and_3
Commitments, Contingencies and Off-Balance-Sheet Risk - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 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 | $2,959 | $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% |
Capital_Requirements_and_Restr2
Capital Requirements and Restriction on Retained Earnings - Actual Capital Levels and Minimum Required Levels (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Consolidated [Member] | ' | ' |
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items] | ' | ' |
Total Capital to risk-weighted assets, Actual, Amount | $143,628 | $116,423 |
Tier I (Core) Capital to risk-weighted assets, Actual, Amount | 133,041 | 103,979 |
Tier I (Core) Capital to average assets, Actual, Amount | 133,041 | 103,979 |
Total Capital to risk-weighted assets, Actual, Ratio | 17.10% | 14.80% |
Tier I (Core) Capital to risk-weighted assets, Actual, Ratio | 15.80% | 13.30% |
Tier I (Core) Capital to average assets, Actual, Ratio | 11.60% | 9.30% |
Total Capital to risk-weighted assets, For Capital Adequacy Purposes, Amount | 67,194 | 62,931 |
Tier I (Core) Capital to risk-weighted assets, For Capital Adequacy Purposes, Amount | 33,681 | 31,272 |
Tier I (Core) Capital to average assets, For Capital Adequacy Purposes, Amount | 45,876 | 44,722 |
Total Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | 8.00% | 8.00% |
Tier I (Core) Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Tier I (Core) Capital to average assets, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Citizens [Member] | ' | ' |
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items] | ' | ' |
Total Capital to risk-weighted assets, Actual, Amount | 104,884 | 104,948 |
Tier I (Core) Capital to risk-weighted assets, Actual, Amount | 94,302 | 95,022 |
Tier I (Core) Capital to average assets, Actual, Amount | 94,302 | 95,022 |
Total Capital to risk-weighted assets, Actual, Ratio | 12.50% | 13.40% |
Tier I (Core) Capital to risk-weighted assets, Actual, Ratio | 11.20% | 12.10% |
Tier I (Core) Capital to average assets, Actual, Ratio | 8.30% | 8.50% |
Total Capital to risk-weighted assets, For Capital Adequacy Purposes, Amount | 67,126 | 62,656 |
Tier I (Core) Capital to risk-weighted assets, For Capital Adequacy Purposes, Amount | 33,679 | 31,335 |
Tier I (Core) Capital to average assets, For Capital Adequacy Purposes, Amount | 45,447 | 44,559 |
Total Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | 8.00% | 8.00% |
Tier I (Core) Capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Tier I (Core) Capital to average assets, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Total Capital to risk-weighted assets, To Be Well Capitalized Under Prompt Corrective Action Purposes, Amount | 83,907 | 78,319 |
Tier I (Core) Capital to risk-weighted assets, To Be Well Capitalized Under Prompt Corrective Action Purposes, Amount | 50,519 | 47,002 |
Tier I (Core) Capital to average assets, To Be Well Capitalized Under Prompt Corrective Action Purposes, Amount | $56,808 | $55,699 |
Total Capital to risk-weighted assets, To Be Well Capitalized Under Prompt Corrective Action Purposes, Ratio | 10.00% | 10.00% |
Tier I (Core) Capital to risk-weighted assets, To Be Well Capitalized Under Prompt Corrective Action Purposes, Ratio | 6.00% | 6.00% |
Tier I (Core) Capital to average assets, To Be Well Capitalized Under Prompt Corrective Action Purposes, Ratio | 5.00% | 5.00% |
Parent_Company_Only_Condensed_2
Parent Company Only Condensed Financial Information - Schedule of Condensed Balance Sheets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | FCBC [Member] | FCBC [Member] | |||
Assets: | ' | ' | ' | ' | ' |
Cash | ' | ' | ' | $32,572 | $9,291 |
Securities available for sale | 199,613 | 203,961 | ' | 449 | 434 |
Investment in bank subsidiary | ' | ' | ' | 111,121 | 115,426 |
Investment in nonbank subsidiaries | ' | ' | ' | 12,595 | 12,585 |
Other assets | 9,509 | 9,304 | ' | 5,210 | 4,015 |
Total assets | 1,167,546 | 1,136,971 | ' | 161,947 | 141,751 |
Liabilities and Shareholders' Equity: | ' | ' | ' | ' | ' |
Deferred income taxes and other liabilities | ' | ' | ' | 4,144 | 8,344 |
Subordinated debentures | 29,427 | 29,427 | ' | 29,427 | 29,427 |
Preferred stock | ' | ' | ' | 46,316 | 23,184 |
Common stock | 114,365 | 114,365 | ' | 114,365 | 114,365 |
Accumulated deficit | 10,823 | 14,687 | ' | -10,823 | -14,687 |
Treasury Stock | -17,235 | -17,235 | ' | -17,235 | -17,235 |
Accumulated other comprehensive loss | 4,247 | 1,647 | 168 | -4,247 | -1,647 |
Total liabilities and shareholders' equity | $1,167,546 | $1,136,971 | ' | $161,947 | $141,751 |
Parent_Company_Only_Condensed_3
Parent Company Only Condensed Financial Information - Schedule of Condensed Statements of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ($4,907) | ($6,184) |
Income before equity in undistributed net earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 7,552 | 7,304 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | 1,373 | 1,725 |
Net income | 1,043 | 1,566 | 1,657 | 1,913 | 1,966 | 1,384 | 936 | 1,293 | 6,179 | 5,579 |
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | 3,579 | 4,100 |
FCBC [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends from bank subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 7,888 | 4,747 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -740 | -833 |
Pension expense | ' | ' | ' | ' | ' | ' | ' | ' | -4,072 | -1,257 |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | -952 | -854 |
Income before equity in undistributed net earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 2,124 | 1,803 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | 1,960 | 1,001 |
Equity in undistributed net earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 2,095 | 2,775 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | $6,179 | $5,579 |
Parent_Company_Only_Condensed_4
Parent Company Only Condensed Financial Information - Schedule of Condensed Statements of Cash Flows (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Operating activities: | ' | ' |
Net income | $6,179 | $5,579 |
Adjustment to reconcile net income to net cash provided by operating activities: | ' | ' |
Net cash from operating activities | 12,466 | 16,893 |
Financing activities: | ' | ' |
Cash dividends paid | -2,315 | -2,084 |
Net cash provided by financing activities | 31,202 | 16,651 |
Decrease in cash and due from financial institutions | -12,248 | -5,996 |
FCBC [Member] | ' | ' |
Operating activities: | ' | ' |
Net income | 6,179 | 5,579 |
Adjustment to reconcile net income to net cash provided by operating activities: | ' | ' |
Change in other assets and other liabilities | -1,620 | 959 |
Equity in undistributed net earnings of subsidiaries | -2,095 | -2,775 |
Net cash from operating activities | 2,464 | 3,763 |
Financing activities: | ' | ' |
Proceeds from issuance of preferred stock | 23,132 | ' |
Cash dividends paid | -2,315 | -2,084 |
Net cash provided by financing activities | 20,817 | -2,084 |
Decrease in cash and due from financial institutions | 23,281 | 1,679 |
Cash and cash equivalents at beginning of year | 9,291 | 7,612 |
Cash and cash equivalents at end of year | $32,572 | $9,291 |
Earnings_Per_Share_Factors_Use
Earnings Per Share - Factors Used in Earnings Per Share Computation (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Basic | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income available to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | $5,020 | $4,386 |
Weighted average common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 7,707,917 | 7,707,917 |
Basic earnings per share | $0.09 | $0.17 | $0.18 | $0.21 | $0.22 | $0.14 | $0.08 | $0.13 | $0.65 | $0.57 |
Diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income available to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | $5,020 | $4,386 |
Weighted average common shares outstanding for basic earnings per common share | ' | ' | ' | ' | ' | ' | ' | ' | 7,707,917 | 7,707,917 |
Add: dilutive effects of convertible preferred shares | ' | ' | ' | ' | ' | ' | ' | ' | 113,863 | ' |
Average shares and dilutive potential common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 7,821,780 | 7,707,917 |
Diluted earnings per share | $0.08 | $0.17 | $0.18 | $0.21 | $0.22 | $0.14 | $0.08 | $0.13 | $0.64 | $0.57 |
Earnings_Per_Share_Additional_
Earnings Per Share - Additional Information (Detail) (Stock Options [Member]) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Stock Options [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Anti-dilutive securities excluded from computation of earnings per share, amount | 0 | 10,000 |
Quarterly_Financial_Data_Sched
Quarterly Financial Data - Schedule of Quarterly Financial Data (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Income | $11,443 | $11,127 | $11,025 | $11,287 | $11,357 | $11,529 | $11,757 | $12,118 | $44,881 | $46,762 |
Net Interest Income | 10,290 | 9,917 | 9,781 | 9,988 | 9,959 | 10,028 | 10,146 | 10,445 | 39,974 | 40,578 |
Net Income / (Loss) | $1,043 | $1,566 | $1,657 | $1,913 | $1,966 | $1,384 | $936 | $1,293 | $6,179 | $5,579 |
Basic Earnings per Common Share | $0.09 | $0.17 | $0.18 | $0.21 | $0.22 | $0.14 | $0.08 | $0.13 | $0.65 | $0.57 |
Diluted Earnings per Common Share | $0.08 | $0.17 | $0.18 | $0.21 | $0.22 | $0.14 | $0.08 | $0.13 | $0.64 | $0.57 |
Participation_in_the_US_Treasu
Participation in the U.S. Treasury Troubled Asset Relief Program - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Jul. 03, 2012 | Jan. 23, 2009 | Dec. 31, 2013 | Sep. 05, 2012 | Dec. 19, 2013 | Jan. 17, 2014 |
Depositary Shares [Member] | Series A Preferred Stock [Member] | |||||
Subsequent Event [Member] | ||||||
Equity, Class of Treasury Stock [Line Items] | ' | ' | ' | ' | ' | ' |
Newly issued shares | ' | 23,184 | ' | ' | 1,000,000 | ' |
Number of shares issued and sold to Treasury | ' | 23,184 | ' | ' | ' | ' |
Liquidation preference as per securities purchase agreement | ' | $1,000 | ' | ' | $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 | ' | ' | ' | $563,174 | ' | ' |
Percentage of ownership interest | ' | ' | ' | ' | 2.50% | ' |
Share issued price per share | ' | ' | ' | ' | $25 | ' |
Cost of Issuance, Public offering | ' | ' | ' | ' | 1,868 | ' |
Net proceeds from public offering | ' | ' | $7,500 | ' | $23,132 | ' |
Numbers of shares to redeem | ' | ' | ' | ' | ' | 23,184 |
Preferred stock redemption date | ' | ' | ' | ' | ' | 15-Feb-14 |