Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Jul. 31, 2014 | |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'FIRST DEFIANCE FINANCIAL CORP | ' |
Entity Central Index Key | '0000946647 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Trading Symbol | 'FDEF | ' |
Entity Common Stock, Shares Outstanding | ' | 9,466,102 |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Document Fiscal Year Focus | '2014 | ' |
Consolidated_Condensed_Stateme
Consolidated Condensed Statements of Financial Condition (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Cash and cash equivalents: | ' | ' |
Cash and amounts due from depository institutions | $42,246 | $36,318 |
Federal funds sold | 114,000 | 143,000 |
Cash and cash equivalents at beginning of year | 156,246 | 179,318 |
Securities: | ' | ' |
Available-for-sale, carried at fair value | 232,289 | 198,170 |
Held-to-maturity, carried at amortized cost (fair value $333 and $393 at June 30, 2014 and December 31, 2013, respectively) | 330 | 387 |
Marketable Securities, Total | 232,619 | 198,557 |
Loans held for sale | 7,324 | 9,120 |
Loans receivable, net of allowance of $24,627 at June 30, 2014 and $24,950 at December 31, 2013, respectively | 1,557,357 | 1,555,498 |
Accrued interest receivable | 5,730 | 5,778 |
Federal Home Loan Bank stock | 13,802 | 19,350 |
Bank-owned life insurance | 47,169 | 42,715 |
Premises and equipment | 39,470 | 38,597 |
Real estate and other assets held for sale | 5,554 | 5,859 |
Goodwill | 61,525 | 61,525 |
Core deposit and other intangibles | 2,934 | 3,497 |
Mortgage servicing rights | 9,003 | 9,106 |
Deferred taxes | 0 | 565 |
Other assets | 12,757 | 7,663 |
Total assets | 2,151,490 | 2,137,148 |
Liabilities: | ' | ' |
Deposits | 1,741,812 | 1,735,792 |
Advances from the Federal Home Loan Bank | 22,034 | 22,520 |
Subordinated debentures | 36,083 | 36,083 |
Securities sold under repurchase agreements | 52,455 | 51,919 |
Advance payments by borrowers | 1,686 | 1,519 |
Deferred taxes | 613 | 0 |
Other liabilities | 20,358 | 17,168 |
Total liabilities | 1,875,041 | 1,865,001 |
Stockholders’ equity: | ' | ' |
Preferred stock, $.01 par value per share: 4,963,000 shares authorized; no shares issued | 0 | 0 |
Common stock, $.01 par value per share: 25,000,000 shares authorized; 12,735,313 and 12,735,313 shares issued and 9,514,591 and 9,719,521 shares outstanding, respectively | 127 | 127 |
Common stock warrant | 878 | 878 |
Additional paid-in capital | 136,139 | 136,403 |
Accumulated other comprehensive income, net of tax of $1,691 and $294, respectively | 3,142 | 545 |
Retained earnings | 190,246 | 182,290 |
Treasury stock, at cost, 3,220,722 and 3,015,792 shares respectively | -54,083 | -48,096 |
Total stockholders’ equity | 276,449 | 272,147 |
Total liabilities and stockholders’ equity | $2,151,490 | $2,137,148 |
Consolidated_Condensed_Stateme1
Consolidated Condensed Statements of Financial Condition (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, except Share data, unless otherwise specified | ||||
Held-to-maturity, fair value (in dollars) | $333 | [1] | $393 | [1] |
Loans receivable, allowance (in dollars) | 24,627 | 24,950 | ||
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
Preferred stock, shares authorized | 4,963,000 | 4,963,000 | ||
Preferred stock, shares issued | 0 | 0 | ||
Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
Common stock, shares authorized | 25,000,000 | 25,000,000 | ||
Common stock, shares issued | 12,735,313 | 12,735,313 | ||
Common stock, shares outstanding | 9,514,591 | 9,719,521 | ||
Accumulated other comprehensive income, tax effect (in dollars) | $1,691 | $294 | ||
Treasury stock, shares | 3,220,722 | 3,015,792 | ||
[1] | FHLMC, FNMA, and GNMA certificates are residential mortgage-backed securities. |
Consolidated_Condensed_Stateme2
Consolidated Condensed Statements of Income (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Interest Income | ' | ' | ' | ' |
Loans | $16,878 | $17,047 | $33,529 | $33,843 |
Investment securities: | ' | ' | ' | ' |
Taxable | 852 | 674 | 1,627 | 1,352 |
Non-taxable | 756 | 732 | 1,508 | 1,457 |
Interest-bearing deposits | 118 | 72 | 219 | 130 |
FHLB stock dividends | 170 | 207 | 365 | 426 |
Total interest income | 18,774 | 18,732 | 37,248 | 37,208 |
Interest Expense | ' | ' | ' | ' |
Deposits | 1,327 | 1,511 | 2,685 | 3,158 |
FHLB advances and other | 133 | 92 | 266 | 182 |
Subordinated debentures | 146 | 150 | 292 | 302 |
Notes payable | 39 | 61 | 80 | 121 |
Total interest expense | 1,645 | 1,814 | 3,323 | 3,763 |
Net interest income | 17,129 | 16,918 | 33,925 | 33,445 |
Provision for loan losses | 446 | 448 | 549 | 873 |
Net interest income after provision for loan losses | 16,683 | 16,470 | 33,376 | 32,572 |
Non-interest Income | ' | ' | ' | ' |
Service fees and other charges | 2,508 | 2,549 | 4,832 | 4,934 |
Insurance and investment commission income | 2,244 | 2,277 | 5,274 | 5,313 |
Mortgage banking income | 1,540 | 2,443 | 2,787 | 5,273 |
Gain on sale of non-mortgage loans | 36 | 2 | 39 | 17 |
Gain on sale or call of securities | 471 | 44 | 471 | 97 |
Trust income | 302 | 238 | 580 | 444 |
Income from Bank Owned Life Insurance | 235 | 231 | 454 | 460 |
Other non-interest income | 281 | 114 | 506 | 365 |
Total non-interest income | 7,617 | 7,898 | 14,943 | 16,903 |
Non-interest Expense | ' | ' | ' | ' |
Compensation and benefits | 8,709 | 8,475 | 17,181 | 17,273 |
Occupancy | 1,704 | 1,670 | 3,292 | 3,303 |
FDIC insurance premium | 353 | 275 | 738 | 931 |
State franchise tax | 514 | 627 | 1,009 | 1,256 |
Data processing | 1,479 | 1,313 | 2,844 | 2,494 |
Amortization of intangibles | 274 | 313 | 563 | 648 |
Other non-interest expense | 3,324 | 3,051 | 7,391 | 7,061 |
Total non-interest expense | 16,357 | 15,724 | 33,018 | 32,966 |
Income before income taxes | 7,943 | 8,644 | 15,301 | 16,509 |
Federal income taxes | 2,254 | 2,535 | 4,433 | 4,841 |
Net Income | $5,689 | $6,109 | $10,868 | $11,668 |
Earnings per common share (Note 6) | ' | ' | ' | ' |
Basic (in dollars per share) | $0.59 | $0.63 | $1.13 | $1.20 |
Diluted (in dollars per share) | $0.57 | $0.60 | $1.08 | $1.15 |
Dividends declared per share (Note 5) (in dollars per share) | $0.15 | $0.10 | $0.30 | $0.20 |
Average common shares outstanding (Note 6) | ' | ' | ' | ' |
Basic (in shares) | 9,607 | 9,774 | 9,644 | 9,755 |
Diluted (in shares) | 10,066 | 10,156 | 10,096 | 10,130 |
Consolidated_Condensed_Stateme3
Consolidated Condensed Statements of Comprehensive Income (USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||||
Net Income | $5,689 | $6,109 | $10,868 | $11,668 | ||||
Other comprehensive income (loss): | ' | ' | ' | ' | ||||
Unrealized gains (losses) on securities available for sale | 2,743 | -5,500 | 4,465 | -6,164 | ||||
Reclassification adjustment for security gains included in net income | -471 | [1] | -43 | [1] | -471 | [1] | -97 | [1] |
Income tax benefit (expense) | -795 | 1,939 | -1,397 | 2,191 | ||||
Other comprehensive income (loss) | 1,477 | -3,604 | 2,597 | -4,070 | ||||
Comprehensive income | $7,166 | $2,505 | $13,465 | $7,598 | ||||
[1] | Amounts are included in gains on sale or call of securities on the Consolidated Condensed Statements of Income. Income tax expense associated with the reclassification adjustments, included in federal income taxes, for the three months ended June 30, 2014 and 2013 was $141 and $13, respectively. Income tax expense associated with the reclassification adjustments, included in federal income taxes, for the six months ended June 30, 2014 and 2013 was $141 and $29, respectively. |
Consolidated_Condensed_Stateme4
Consolidated Condensed Statements of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | $141 | $13 | $141 | $29 |
Consolidated_Condensed_Stateme5
Consolidated Condensed Statements of Changes in Stockholders' Equity (USD $) | Total | Preferred Stock [Member] | Common Stock [Member] | Common Stock Warrant [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings [Member] | Treasury Stock [Member] |
In Thousands | ||||||||
Balance at Dec. 31, 2012 | $258,128 | $0 | $127 | $878 | $136,046 | $4,274 | $164,103 | ($47,300) |
Net income | 11,668 | 0 | 0 | 0 | 0 | 0 | 11,668 | 0 |
Other comprehensive income (loss) | -4,070 | 0 | 0 | 0 | 0 | -4,070 | 0 | 0 |
Stock option expense | 28 | 0 | 0 | 0 | 28 | 0 | 0 | 0 |
Shares issued under stock option plan | 158 | 0 | 0 | 0 | 1 | 0 | -97 | 254 |
Restricted share activity under stock incentive plans | 471 | 0 | 0 | 0 | 16 | 0 | -45 | 500 |
Shares issued direct purchases | 64 | 0 | 0 | 0 | 20 | 0 | 0 | 44 |
Common stock dividends declared | -1,950 | 0 | 0 | 0 | 0 | 0 | -1,950 | 0 |
Balance at Jun. 30, 2013 | 264,497 | 0 | 127 | 878 | 136,111 | 204 | 173,679 | -46,502 |
Balance at Dec. 31, 2013 | 272,147 | 0 | 127 | 878 | 136,403 | 545 | 182,290 | -48,096 |
Net income | 10,868 | 0 | 0 | 0 | 0 | 0 | 10,868 | 0 |
Other comprehensive income (loss) | 2,597 | 0 | 0 | 0 | 0 | 2,597 | 0 | 0 |
Stock option expense | 34 | 0 | 0 | 0 | 34 | 0 | 0 | 0 |
Shares issued under stock option plan | 433 | 0 | 0 | 0 | 18 | 0 | -23 | 438 |
Restricted share activity under stock incentive plans | -130 | 0 | 0 | 0 | -342 | 0 | 0 | 212 |
Shares issued direct purchases | 64 | 0 | 0 | 0 | 26 | 0 | 0 | 38 |
shares repurchased | -6,675 | 0 | 0 | 0 | 0 | 0 | 0 | -6,675 |
Common stock dividends declared | -2,889 | 0 | 0 | 0 | 0 | 0 | -2,889 | 0 |
Balance at Jun. 30, 2014 | $276,449 | $0 | $127 | $878 | $136,139 | $3,142 | $190,246 | ($54,083) |
Consolidated_Condensed_Stateme6
Consolidated Condensed Statements of Changes in Stockholders' Equity (Parenthetical) (USD $) | 6 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
shares issued under stock option plan (in shares) | 26,900 | 12,027 |
Stock Based Compensation Income Tax Benefit | $58 | $0 |
Restricted share activity under Stock Incentive Plans (in shares) | 13,087 | 31,796 |
Shares issued direct purchases (in shares) | 2,352 | 2,768 |
shares purchased (in shares) | 247,269 | ' |
Consolidated_Condensed_Stateme7
Consolidated Condensed Statements of Cash Flows (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Operating Activities | ' | ' |
Net income | $10,868 | $11,668 |
Items not requiring (providing) cash | ' | ' |
Provision for loan losses | 549 | 873 |
Depreciation | 1,462 | 1,592 |
Amortization of mortgage servicing rights, net of impairment recoveries | 623 | 538 |
Amortization of core deposit and other intangible assets | 563 | 648 |
Net amortization of premiums and discounts on loans and deposits | 295 | 389 |
Amortization of premiums and discounts on securities | 156 | 283 |
Loss on sale or disposals of property, plant and equipment | 0 | 1 |
Change in deferred taxes | -218 | -23 |
Proceeds from the sale of loans held for sale | 69,421 | 211,479 |
Originations of loans held for sale | -67,695 | -201,592 |
Gain from sale of loans | -1,667 | -4,083 |
Gain from sale or call of securities | -471 | -97 |
Loss on sale or write-down of real estate and other assets held for sale | 3 | 221 |
Stock option expense | 34 | 28 |
Restricted stock expense (benefit) | -130 | 471 |
Income from bank owned life insurance | -454 | -460 |
Changes in: | ' | ' |
Accrued interest receivable | 48 | -297 |
Other assets | -5,094 | 14 |
Other liabilities | 3,190 | -1,544 |
Net cash provided by (used in) operating activities | 11,483 | 20,109 |
Investing Activities | ' | ' |
Proceeds from maturities of held-to-maturity securities | 56 | 63 |
Proceeds from maturities, calls and pay-downs of available-for-sale securities | 9,958 | 24,110 |
Proceeds from sale of real estate and other assets held for sale | 1,295 | 1,613 |
Proceeds from the sale of available-for-sale securities | 3,782 | 4,027 |
Proceeds from sale of non-mortgage loans | 10,584 | 4,893 |
Purchases of available-for-sale securities | -43,550 | -28,561 |
Proceeds from Federal Home Loan Bank stock redemption | 5,548 | 1,302 |
Purchase of bank-owned life insurance | -4,000 | 0 |
Purchases of portfolio mortgage loans | -5,118 | -4,545 |
Purchases of premises and equipment, net | -2,335 | -796 |
Net decrease in loans receivable | -7,945 | -44,020 |
Net cash provided (used in) by investing activities | -31,725 | -41,914 |
Financing Activities | ' | ' |
Net increase (decrease) in deposits and advance payments by borrowers | 6,187 | -31,391 |
Repayment of Federal Home Loan Bank advances | -486 | -23 |
Increase in Federal Home Loan Bank short-term advances | 0 | 50,000 |
Increase (decrease) in securities sold under repurchase agreements | 536 | -4,142 |
Proceeds from exercise of stock options | 433 | 158 |
Proceeds from treasury stock purchases | 64 | 64 |
Cash dividends paid on common stock | -2,889 | -1,950 |
Cash paid for common stock repurchases | -6,675 | 0 |
Net cash provided by (used in) financing activities | -2,830 | 12,716 |
Increase (decrease) in cash and cash equivalents | -23,072 | -9,089 |
Cash and cash equivalents at beginning of period | 179,318 | 136,832 |
Cash and cash equivalents at end of period | 156,246 | 127,743 |
Supplemental cash flow information: | ' | ' |
Interest paid | 3,310 | 3,757 |
Income taxes paid | 3,650 | 5,700 |
Transfers from loans to real estate and other assets held for sale | $993 | $4,575 |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2014 | |
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
1. Basis of Presentation | |
First Defiance Financial Corp. (“First Defiance” or the “Company”) is a unitary thrift holding company that, through its subsidiaries, First Federal Bank of the Midwest (“First Federal”), First Insurance Group of the Midwest, Inc. (“First Insurance”), and First Defiance Risk Management Inc. (collectively, the “Subsidiaries”), focuses on traditional banking and property and casualty, life and group health insurance products. All significant intercompany transactions and balances are eliminated in consolidation. | |
First Federal is primarily engaged in community banking attracting deposits from the general public and using those and other available sources of funds to originate loans primarily in the counties in which its offices are located. First Federal’s traditional banking activities include originating and servicing residential, non-residential real estate, commercial, home improvement and home equity and consumer loans and providing a broad range of depository, trust and wealth management services. First Insurance is an insurance agency that does business in the Defiance, Bryan, Bowling Green, Maumee and Oregon, Ohio areas, offering property and casualty, group health insurance and life insurance products. First Defiance Risk Management is a wholly-owned insurance company subsidiary of the Company to insure the Company and its subsidiaries against certain risks unique to the operations of the Company and for which insurance may not be currently available or economically feasible in today’s insurance marketplace. First Defiance Risk Management pools resources with several other similar insurance company subsidiaries of financial institutions to spread a limited amount of risk among themselves. | |
The consolidated condensed statement of financial condition at December 31, 2013 has been derived from the audited financial statements at that date, which were included in First Defiance’s Annual Report on Form 10-K for the year-ended December 31, 2013. | |
The accompanying consolidated condensed financial statements as of June 30, 2014 and for the three and six month periods ended June 30, 2014 and 2013 have been prepared by First Defiance without audit and do not include information or footnotes necessary for the complete presentation of financial condition, results of operations and cash flows in conformity with accounting principles generally accepted in the United States. These consolidated condensed financial statements should be read in conjunction with the financial statements and notes thereto included in First Defiance's 2013 Annual Report on Form 10-K for the year ended December 31, 2013. However, in the opinion of management, all adjustments, consisting of only normal recurring items, necessary for the fair presentation of the financial statements have been made. The results for the three and six month periods ended June 30, 2014 are not necessarily indicative of the results that may be expected for the entire year. | |
Significant_Accounting_Policie
Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
2. Significant Accounting Policies | |
Use of Estimates | |
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Significant areas where First Defiance uses estimates are the valuation of certain investment securities, the determination of the allowance for loan losses, the valuation of mortgage servicing rights and goodwill, the determination of unrecognized income tax benefits and the fair value of financial instruments. | |
Earnings Per Common Share | |
Basic earnings per common share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. All outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends are considered participating securities for the calculation. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options, warrants, restricted stock awards and stock grants. | |
Newly Adopted Accounting Standard | |
In January 2014, the FASB issued ASU 2014-01, "Accounting for Investments in Qualified Affordable Housing Projects." ASU 2014-01 applies to all reporting entities that invest in qualified affordable housing projects through limited liability entities. The pronouncement permits reporting entities to make an accounting policy election to account for these investments using the proportional amortization method if certain conditions exist. The pronouncement also requires disclosure that enables users of its financial statements to understand the nature of these investments. 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 pronouncement should be applied retrospectively for all periods presented, effective for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company elected to early adopt ASU 2014-01 and such adoption did not have a material impact on the Company’s Consolidated Financial Statements. As of June 30, 2014, the Company had $3.8 million in qualified investments recorded in other assets, $2.3 million in unfunded commitments recorded in other liabilities and $84,000 of tax credits (benefit) recorded in federal income taxes. | |
Newly Issued but Not Yet Effective Accounting Standards | |
In January 2014, the FASB issued ASU 2014-04, “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” The objective of the amendments in ASU 2014-04 to Topic 310, “Receivables - Troubled Debt Restructurings by Creditors,” is to reduce diversity by clarifying when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. An entity can elect to adopt the amendments using either a modified retrospective transition method or a prospective transition method. Early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s Consolidated Financial Statements. | |
In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 relates to the recognition of revenue from contracts with customers. The new revenue pronouncement creates a single source of revenue guidance for all companies in all industries and is more principles-based than current revenue guidance. The pronouncement provides a five-step model for a company to recognize revenue when it transfers control of goods or services to customers at an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. The five steps are (1) identify the contract with the customer, (2) identify the separate performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the separate performance obligations and (5) recognize revenue when each performance obligation is satisfied. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2016 using either a full retrospective approach for all periods presented in the period of adoption or a modified retrospective approach. Early adoption is not permitted. The Company is currently evaluating the impact of the adoption of this pronouncement on its Consolidated Financial Statements. | |
In June 2014, the FASB issued ASU No. 2014-12, "Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period." The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718, Compensation - Stock Compensation, as it relates to awards with performance conditions that affect vesting to account for such awards. The performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. The amendments in this ASU are effective for interim or annual reporting periods beginning after December 15, 2015; early adoption is permitted. Entities may apply the amendments in this ASU either: (1) prospectively to all awards granted or modified after the effective date; or (2) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The adoption of ASU No. 2014-12 is not expected to have a material impact on the Company's Consolidated Financial Statements. | |
Fair_Value
Fair Value | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value, Measurement Inputs, Disclosure [Text Block] | ' | ||||||||||||||||
3. Fair Value | |||||||||||||||||
FASB ASC Topic 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. | |||||||||||||||||
FASB ASC Topic 820 requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on the best information available. In that regard, FASB ASC Topic 820 established a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: | |||||||||||||||||
· | Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. | ||||||||||||||||
· | Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by a correlation or other means. | ||||||||||||||||
· | Level 3: Unobservable inputs for determining fair value of assets and liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. | ||||||||||||||||
A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. | |||||||||||||||||
Available for sale securities - Securities classified as available for sale are generally reported at fair value utilizing Level 2 inputs where the Company obtains fair value measurements from an independent pricing service that uses 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). The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows and the bonds’ terms and conditions, among other things. Securities in Level 1 include federal agency preferred stock securities. Securities in Level 2 include U.S. Government agencies, mortgage-backed securities, corporate bonds and municipal securities. The Company classified its pooled trust preferred collateralized debt obligations as Level 1 and Level 3 at December 31, 2013. The portfolio consisted of collateralized debt obligations backed by pools of trust preferred securities issued by financial institutions and insurance companies. The two collateralized debt obligations, which are backed by financial institutions, are allowed under the Volcker Rule and classified as Level 3 based on the lack of observable market data, the Company estimated fair values based on the observable data available and reasonable unobservable market data. The Company estimated fair value based on a discounted cash flow model, which used appropriately adjusted discount rates reflecting credit and liquidity risks. | |||||||||||||||||
Impaired loans - Fair values for impaired collateral dependent loans are generally based on appraisals obtained from licensed real estate appraisers and in certain circumstances consideration of offers obtained to purchase properties prior to foreclosure. Appraisals for commercial real estate generally use three methods to derive value: cost, sales or market comparison and income approach. The cost method bases value in the cost to replace the current property. The value of market comparison approach evaluates the sales price of similar properties in the same market area. The income approach considers net operating income generated by the property and an investor’s required return. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Comparable sales adjustments are based on known sales prices of similar type and similar use properties and duration of time that the property has been on the market to sell. Such adjustments made in the appraisal process are typically significant and result in a Level 3 classification of the inputs for determining fair value. | |||||||||||||||||
Real Estate held for sale - Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are then reviewed monthly by members of the asset review committee for valuation changes and are accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which may utilize a single valuation approach or a combination of approaches including cost, comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and typically result in a Level 3 classification of the inputs for determining fair value. | |||||||||||||||||
Appraisals for both collateral-dependent impaired loans and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of the Company’s asset quality or collections department reviews the assumptions and approaches utilized in the appraisal. Appraisal values are discounted from 0% to 20% to account for other factors that may impact the value of collateral. In determining the value of impaired collateral dependent loans and other real estate owned, significant unobservable inputs may be used, which include: physical condition of comparable properties sold, net operating income generated by the property and investor rates of return. | |||||||||||||||||
Mortgage servicing rights - On a quarterly basis, mortgage servicing rights are evaluated for impairment based upon the fair value of the rights as compared to the carrying amount. If the carrying amount of an individual tranche exceeds fair value, impairment is recorded on that tranche so that the servicing asset is carried at fair value. Fair value is determined at a tranche level based on a model that calculates the present value of estimated future net servicing income. The valuation model utilizes assumptions that market participants would use in estimating future net servicing income and are validated against available market data (Level 2). | |||||||||||||||||
Mortgage banking derivative - The fair value of mortgage banking derivatives are evaluated monthly based on derivative valuation models using quoted prices for similar assets adjusted for specific attributes of the commitments and other observable market data at the valuation date (Level 2). | |||||||||||||||||
The following table summarizes the financial assets measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||||||||||||
Assets and Liabilities Measured on a Recurring Basis | |||||||||||||||||
June 30, 2014 | Level 1 | Level 2 | Level 3 | Total Fair | |||||||||||||
Inputs | Inputs | Inputs | Value | ||||||||||||||
(In Thousands) | |||||||||||||||||
Available for sale securities: | |||||||||||||||||
Obligations of U.S. Government corporations and agencies | $ | - | $ | 5,002 | $ | - | $ | 5,002 | |||||||||
Mortgage-backed - residential | - | 49,191 | - | 49,191 | |||||||||||||
Collateralized mortgage obligations | - | 79,454 | - | 79,454 | |||||||||||||
REMIC | - | 1,957 | - | 1,957 | |||||||||||||
Corporate bonds | - | 6,990 | - | 6,990 | |||||||||||||
Obligations of state and political subdivisions | - | 89,695 | - | 89,695 | |||||||||||||
Mortgage banking derivative – asset | - | 580 | - | 580 | |||||||||||||
Mortgage banking derivative - liability | - | -107 | - | -107 | |||||||||||||
December 31, 2013 | Level 1 | Level 2 | Level 3 | Total Fair | |||||||||||||
Inputs | Inputs | Inputs | Value | ||||||||||||||
(In Thousands) | |||||||||||||||||
Available for sale securities: | |||||||||||||||||
Obligations of U.S. Government corporations and agencies | $ | - | $ | 4,921 | $ | - | $ | 4,921 | |||||||||
Mortgage-backed - residential | - | 41,292 | - | 41,292 | |||||||||||||
Collateralized mortgage obligations | - | 59,841 | - | 59,841 | |||||||||||||
Trust preferred stock | 1,654 | - | 582 | 2,236 | |||||||||||||
Preferred stock | 718 | - | - | 718 | |||||||||||||
Corporate bonds | - | 8,942 | - | 8,942 | |||||||||||||
Obligations of state and political subdivisions | - | 80,220 | 80,220 | ||||||||||||||
Mortgage banking derivative - asset | - | 295 | - | 295 | |||||||||||||
Mortgage banking derivative - liability | - | - | - | - | |||||||||||||
The table below presents a reconciliation and income classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2014 and 2013: | |||||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Beginning balance, January 1, 2014 | $ | 582 | |||||||||||||||
Total gains or (losses) (realized/unrealized) | |||||||||||||||||
Included in earnings (realized) | -329 | ||||||||||||||||
Included in other comprehensive income (presented gross of taxes) | 993 | ||||||||||||||||
Amortization | - | ||||||||||||||||
Sales | -1,246 | ||||||||||||||||
Transfers in and/or out of Level 3 | - | ||||||||||||||||
Ending balance, June 30, 2014 | $ | - | |||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Beginning balance, April 1, 2014 | $ | 704 | |||||||||||||||
Total gains or (losses) (realized/unrealized) | |||||||||||||||||
Included in earnings (realized) | -329 | ||||||||||||||||
Included in other comprehensive income (presented gross of taxes) | 871 | ||||||||||||||||
Amortization | - | ||||||||||||||||
Sales | -1,246 | ||||||||||||||||
Transfers in and/or out of Level 3 | - | ||||||||||||||||
Ending balance, June 30, 2014 | $ | - | |||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Beginning balance, January 1, 2013 | $ | 1,474 | |||||||||||||||
Total gains or (losses) (realized/unrealized) | |||||||||||||||||
Included in earnings (realized) | - | ||||||||||||||||
Included in other comprehensive income (presented gross of taxes) | 262 | ||||||||||||||||
Amortization | - | ||||||||||||||||
Sales | - | ||||||||||||||||
Transfers in and/or out of Level 3 | - | ||||||||||||||||
Ending balance, June 30, 2013 | $ | 1,736 | |||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Beginning balance, April 1, 2013 | $ | 1,651 | |||||||||||||||
Total gains or (losses) (realized/unrealized) | |||||||||||||||||
Included in earnings (realized) | - | ||||||||||||||||
Included in other comprehensive income (presented gross of taxes) | 85 | ||||||||||||||||
Amortization | - | ||||||||||||||||
Sales | - | ||||||||||||||||
Transfers in and/or out of Level 3 | - | ||||||||||||||||
Ending balance, June 30, 2013 | $ | 1,736 | |||||||||||||||
The following table summarizes the financial assets measured at fair value on a non-recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||||||||||||
Assets and Liabilities Measured on a Non-Recurring Basis | |||||||||||||||||
June 30, 2014 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total Fair | |||||||||||||
Value | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Impaired loans | |||||||||||||||||
Residential Loans | $ | - | $ | - | $ | 519 | $ | 519 | |||||||||
Commercial Loans | - | - | 1,068 | 1,068 | |||||||||||||
Multi Family Loans | - | - | 303 | 303 | |||||||||||||
Home Equity Loans | - | - | 102 | 102 | |||||||||||||
CRE Loans | - | - | 7,512 | 7,512 | |||||||||||||
Total impaired loans | - | - | 9,504 | 9,504 | |||||||||||||
Mortgage servicing rights | - | 1,173 | - | 1,173 | |||||||||||||
Real estate held for sale | |||||||||||||||||
Residential Loans | - | - | - | - | |||||||||||||
CRE loans | - | - | 489 | 489 | |||||||||||||
Total Real Estate held for sale | - | - | 489 | 489 | |||||||||||||
December 31, 2013 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total Fair | |||||||||||||
Value | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Impaired loans | |||||||||||||||||
Residential Loans | $ | - | $ | - | $ | 259 | $ | 259 | |||||||||
Multi Family Residential | - | - | 338 | 338 | |||||||||||||
Home Equity Loans | - | - | 531 | 531 | |||||||||||||
CRE Loans | - | - | 9,590 | 9,590 | |||||||||||||
Total impaired loans | - | - | 10,718 | 10,718 | |||||||||||||
Mortgage servicing rights | - | 1,370 | - | 1,370 | |||||||||||||
Real estate held for sale | |||||||||||||||||
Residential | - | - | 112 | 112 | |||||||||||||
CRE | - | - | 1,278 | 1,278 | |||||||||||||
Total Real Estate held for sale | - | - | 1,390 | 1,390 | |||||||||||||
For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of June 30, 2014, the significant unobservable inputs used in the fair value measurements were as follows: | |||||||||||||||||
Fair | Valuation Technique | Unobservable Inputs | Range of | Weighted | |||||||||||||
Value | Inputs | Average | |||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Impaired Loans- Applies to all loan classes | $ | 9,504 | Appraisals which utilize sales comparison, net income and cost approach | Discounts for collection issues and changes in market conditions | 0-10 | % | 10 | % | |||||||||
Real estate held for sale – Applies to all classes | $ | 489 | Appraisals which utilize sales comparison, net income and cost approach | Discounts for changes in market conditions | 0-20 | % | 20 | % | |||||||||
For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of December 31, 2013, the significant unobservable inputs used in the fair value measurements were as follows: | |||||||||||||||||
Fair | Valuation Technique | Unobservable Inputs | Range of | Weighted | |||||||||||||
Value | Inputs | Average | |||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Trust preferred stock | $ | 582 | Discounted cash flow | Constant prepayment rate | 40 | % | 40 | % | |||||||||
Expected asset default | 0-30 | % | 15 | % | |||||||||||||
Expected recoveries | 15-Oct | % | 10 | % | |||||||||||||
Impaired Loans- Applies to all loan classes | $ | 10,718 | Appraisals which utilize sales comparison, net income and cost approach | Discounts for collection issues and changes in market conditions | 0-10 | % | 10 | % | |||||||||
Real estate held for sale – Applies to all classes | $ | 1,390 | Appraisals which utilize sales comparison, net income and cost approach | Discounts for changes in market conditions | 0-20 | % | 20 | % | |||||||||
Impaired loans, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a fair value of $9.5 million, with no valuation allowance and a fair value of $10.7 million, with no valuation allowance at June 30, 2014 and December 31, 2013, respectively. A provision expense of $725,000 and $1.5 million for the three and six months ended June 30, 2014 and a provision expense of $551,000 and $1.2 million for the three and six months ended June 30, 2013, respectively, was included in earnings. | |||||||||||||||||
Mortgage servicing rights which are carried at the lower of cost or fair value, had a fair value of $1.2 million with a valuation allowance of $1.0 million at both June 30, 2014 and December 31, 2013. A recovery of $44,000 and $37,000 for the three and six months ended June 30, 2014 and a recovery of $312,000 and $785,000 for the three and six months ended June 30, 2013, respectively, were included in earnings. | |||||||||||||||||
Real estate held for sale is determined using Level 3 inputs which include appraisals and are adjusted for estimated costs to sell. The change in fair value of real estate held for sale was $73,000 for the three and six months ended June 30, 2014 and $215,000 for the three and six months ended June 30, 2013, which was recorded directly as an adjustment to current earnings through non-interest expense. | |||||||||||||||||
In accordance with FASB ASC Topic 825, the Fair Value Measurements tables are a comparative condensed consolidated statement of financial condition based on carrying amount and estimated fair values of financial instruments as of June 30, 2014 and December 31, 2013. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of First Defiance. | |||||||||||||||||
Much of the information used to arrive at “fair value” is highly subjective and judgmental in nature and therefore the results may not be precise. Subjective factors include, among other things, estimated cash flows, risk characteristics and interest rates, all of which are subject to change. With the exception of investment securities, the Company’s financial instruments are not readily marketable and market prices do not exist. Since negotiated prices for the instruments, which are not readily marketable, depend greatly on the motivation of the buyer and seller, the amounts that will actually be realized or paid per settlement or maturity of these instruments could be significantly different. | |||||||||||||||||
The carrying amount of cash and cash equivalents, term notes payable and advance payments by borrowers for taxes and insurance, as a result of their short-term nature, is considered to be equal to fair value and are classified as Level 1. | |||||||||||||||||
It was not practicable to determine the fair value of Federal Home Loan Bank (“FHLB”) stock due to restrictions placed on its transferability. | |||||||||||||||||
The fair value of loans that reprice within 90 days is equal to their carrying amount. For other loans, the estimated fair value is calculated based on discounted cash flow analysis, using interest rates currently being offered for loans with similar terms, resulting in a Level 3 classification. Impaired loans are valued at the lower of cost or fair value as previously described. The allowance for loan losses is considered to be a reasonable adjustment for credit risk. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. The fair value of loans held for sale is estimated based on binding contracts and quotes from third party investors resulting in a Level 2 classification. | |||||||||||||||||
The fair value of accrued interest receivable is equal to the carrying amounts resulting in a Level 2 or Level 3 classification, which is consistent with its underlying value. | |||||||||||||||||
The fair value of non-interest bearing deposits are considered equal to the amount payable on demand at the reporting date (i.e., carrying value) and are classified as Level 1. The fair value of savings, NOW and certain money market accounts are equal to their carrying amounts and are a Level 2 classification. Fair values of fixed rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification. | |||||||||||||||||
The fair values of securities sold under repurchase agreements are equal to their carrying amounts resulting in a Level 2 classification. The carrying value of subordinated debentures and deposits with fixed maturities is estimated based on discounted cash flow analyses based on interest rates currently being offered on instruments with similar characteristics and maturities resulting in a Level 3 classification. | |||||||||||||||||
FHLB advances with maturities greater than 90 days are valued based on discounted cash flow analysis, using interest rates currently being quoted for similar characteristics and maturities resulting in a Level 2 classification. The cost or value of any call or put options is based on the estimated cost to settle the option at June 30, 2014. | |||||||||||||||||
Fair Value Measurements at June 30, 2014 | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Carrying | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Value | |||||||||||||||||
Financial Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 156,246 | $ | 156,246 | $ | 156,246 | $ | - | $ | - | |||||||
Investment securities | 232,619 | 232,622 | - | 232,622 | - | ||||||||||||
Federal Home Loan Bank Stock | 13,802 | N/A | N/A | N/A | N/A | ||||||||||||
Loans, net, including loans held for sale | 1,564,681 | 1,572,926 | - | 7,665 | 1,565,261 | ||||||||||||
Accrued interest receivable | 5,730 | 5,730 | - | 813 | 4,917 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Deposits | $ | 1,741,812 | $ | 1,743,793 | $ | 355,268 | $ | 1,388,525 | $ | - | |||||||
Advances from Federal Home Loan Bank | 22,034 | 22,290 | - | 22,290 | - | ||||||||||||
Securities sold under repurchase agreements | 52,455 | 52,455 | - | 52,455 | - | ||||||||||||
Subordinated debentures | 36,083 | 35,256 | - | - | 35,256 | ||||||||||||
Fair Value Measurements at December 31, 2013 | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Carrying | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Value | |||||||||||||||||
Financial Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 179,318 | $ | 179,318 | $ | 179,318 | $ | - | $ | - | |||||||
Investment securities | 198,557 | 198,563 | 2,372 | 195,609 | 582 | ||||||||||||
Federal Home Loan Bank Stock | 19,350 | N/A | N/A | N/A | N/A | ||||||||||||
Loans, net, including loans held for sale | 1,564,618 | 1,568,929 | - | 9,140 | 1,559,789 | ||||||||||||
Accrued interest receivable | 5,778 | 5,778 | 4 | 696 | 5,078 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Deposits | $ | 1,735,792 | $ | 1,738,216 | $ | 348,943 | $ | 1,389,273 | $ | - | |||||||
Advances from Federal Home Loan Bank | 22,520 | 22,713 | - | 22,713 | - | ||||||||||||
Securities sold under repurchase agreements | 51,919 | 51,919 | - | 51,919 | - | ||||||||||||
Subordinated debentures | 36,083 | 35,237 | - | - | 35,237 | ||||||||||||
Stock_Compensation_Plans
Stock Compensation Plans | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] | ' | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||||||||||
4. Stock Compensation Plans | ||||||||||||||
First Defiance has established equity based compensation plans for its directors and employees. On March 15, 2010, the Board adopted, and the shareholders approved at the 2010 Annual Shareholders Meeting, the First Defiance Financial Corp. 2010 Equity Incentive Plan (the “2010 Equity Plan”). The 2010 Equity Plan replaced all plans that were in existence at the time of adoption. All awards currently outstanding under prior plans will remain in effect in accordance with their respective terms. Any new awards will be made under the 2010 Equity Plan. The 2010 Equity Plan allows for issuance of up to 350,000 common shares through the award of options, stock grants, restricted stock units (“RSU”), stock appreciation rights or other stock-based awards. | ||||||||||||||
As of June 30, 2014, 190,520 options had been granted and remained outstanding at option prices based on the market value of the underlying shares on the date the options were granted. Options granted under all plans vest 20% per year except, for the 2009 grant to the Company’s executive officers, which vested 40% in 2011 and then 20% annually. All options expire ten years from the date of grant. Vested options of retirees expire on the earlier of the scheduled expiration date or three months after the retirement date. | ||||||||||||||
In March 2013, the Company approved a 2013 Short-Term Incentive Plan (“STIP”) and a 2013 Long-Term Incentive Plan (“LTIP”) for selected members of management. | ||||||||||||||
Under the 2013 STIP the participants may earn up to 25% to 45% of their salary for potential payout based on the achievement of certain corporate performance targets during the calendar year. The participants are required to be employed on the day of payout in order to receive such payment. The final amount of benefits under the 2013 STIP was determined as of December 31, 2013 and paid out in cash in the first quarter of 2014. | ||||||||||||||
Under the 2013 LTIP the participants may earn up to 25% to 45% of their salary for potential payout in the form of equity awards based on the achievement of certain corporate performance targets over a three year period. The Company granted 86,065 RSU’s to the participants in the 2013 LTIP effective January 1, 2013, which represents the maximum target award. The amount of benefit under the 2013 LTIP will be determined individually at the 12 month period ending December 31, 2013, the 24 month period ending December 31, 2014 and the 36 month period ending December 31, 2015. The awards’ vesting will be as follows: 16.7% of the target award after the end of the performance period ending December 31, 2013, 27.8% of the target award at the end of the performance period ending December 31, 2014 and 55.5% of the target award at the end of the performance period ending December 31, 2015. The benefits earned under the 2013 LTIP will be paid out in equity in the first quarter following the close of the applicable performance period. The participants are required to be employed on the day of payout in order to receive such payment. A total of 6,425 RSU’s were issued to the participants in the second quarter of 2014 for the year one performance period ended December 31, 2013. | ||||||||||||||
In March 2014, the Company approved a 2014 STIP and a 2014 LTIP for selected members of management. | ||||||||||||||
Under the 2014 STIP the participants may earn up to 30% to 45% of their salary for potential payout based on the achievement of certain corporate performance targets during the calendar year. The final amount of benefits under the 2014 STIP will be determined as of December 31, 2014 and will be paid out in cash in the first quarter of 2015. The participants are required to be employed on the day of payout in order to receive such payment. | ||||||||||||||
Under the 2014 LTIP the participants may earn up to 20% to 45% of their salary for potential payout in the form of equity awards based on the achievement of certain corporate performance targets over a three year period. The Company granted 30,538 RSU’s to the participants in the 2014 LTIP effective January 1, 2014, which represents the maximum target award. The amount of benefit under the 2014 LTIP will be determined individually at the end of the 36 month performance period ending December 31, 2016. The awards’ will vest 100% of the target award at the end of the performance period ending December 31, 2016. The benefits earned under the 2014 LTIP will be paid out in equity in the first quarter of 2017. The participants are required to be employed on the day of payout in order to receive such payment. | ||||||||||||||
The fair value of each option award is estimated on the date of grant using the Black-Scholes model. Expected volatilities are based on historical volatilities of the Company’s common shares. The Company uses historical data to estimate option exercise and post-vesting termination behavior. The expected term of options granted is based on historical data and represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. | ||||||||||||||
The fair value of stock options granted during the six months ended June 30, 2014 was determined at the date of grant using the Black-Scholes stock option-pricing model and the following assumptions: | ||||||||||||||
Six Months ended | ||||||||||||||
June 30, 2014 | ||||||||||||||
Expected average risk-free rate | 1.64 | % | ||||||||||||
Expected average life | 7.44 years | |||||||||||||
Expected volatility | 44.62 | % | ||||||||||||
Expected dividend yield | 2.17 | % | ||||||||||||
The weighted-average fair value of options granted for the six months ended June 30, 2014 was $11.25. There were no options granted in the six months ended June 30, 2013. | ||||||||||||||
Following is activity under the plans during the six months ended June 30, 2014: | ||||||||||||||
Stock options | Options | Weighted | Weighted | Aggregate | ||||||||||
Outstanding | Average | Average | Intrinsic | |||||||||||
Exercise Price | Remaining | Value | ||||||||||||
Contractual | (in 000’s) | |||||||||||||
Term (in years) | ||||||||||||||
Options outstanding, January 1, 2014 | 251,020 | $ | 20.76 | |||||||||||
Forfeited or cancelled | -34,100 | 26.72 | ||||||||||||
Exercised | -26,900 | 16.09 | ||||||||||||
Granted | 500 | 27.59 | ||||||||||||
Options outstanding, June 30, 2014 | 190,520 | $ | 20.37 | 3.08 | $ | 1,587 | ||||||||
Vested or expected to vest at June 30, 2014 | 190,520 | $ | 20.37 | 3.08 | $ | 1,587 | ||||||||
Exercisable at June 30, 2014 | 190,020 | $ | 20.35 | 3.07 | $ | 1,586 | ||||||||
As of June 30, 2014, there was $5,000 of total unrecognized compensation costs related to unvested stock options granted under the Company’s equity plans. The cost is expected to be recognized over a weighted-average period of 4.7 years. | ||||||||||||||
At June 30, 2014, 91,812 RSU’s were outstanding. Compensation expense is recognized over the performance period based on the achievements of targets as established under the plan documents. Total accrued expense of $130,000 was recorded during the six months ended June 30, 2014 compared to an expense of $570,000 for the same period in 2013. There was approximately $335,000 included within other liabilities at June 30, 2014 related to the STIPs and LTIPs. | ||||||||||||||
Restricted Stock Units | Stock Grants | |||||||||||||
Weighted-Average | Weighted-Average | |||||||||||||
Grant Date | Grant Date | |||||||||||||
Unvested Shares | Shares | Fair Value | Shares | Fair Value | ||||||||||
Unvested at January 1, 2014 | 106,061 | $ | 18.66 | - | $ | - | ||||||||
Granted | 30,538 | 25.77 | 13,087 | 21.87 | ||||||||||
Vested | -7,320 | 18.63 | -7,320 | 18.63 | ||||||||||
Forfeited | -37,467 | 18.71 | - | - | ||||||||||
Unvested at June 30, 2014 | 91,812 | $ | 21 | 5,767 | $ | 25.97 | ||||||||
The maximum amount of compensation expense that may be recorded for the 2014 STIP and the 2012, 2013 and 2014 LTIPs at June 30, 2014 is approximately $3.8 million. However, the estimated expense expected to be recorded as of June 30, 2014 based on the performance measures in the plans, is $2.0 million, of which $1.1 million is unrecognized at June 30, 2014 and will be recognized over the remaining performance periods. | ||||||||||||||
Dividends_on_Common_Stock
Dividends on Common Stock | 6 Months Ended |
Jun. 30, 2014 | |
Dividends, Common Stock [Abstract] | ' |
Dividend On Common Stock [Text Block] | ' |
5. Dividends on Common Stock | |
First Defiance declared and paid a $0.15 per share common stock dividend in the first and second quarters of 2014 and declared and paid a $0.10 per share common stock dividend in the first and second quarters of 2013. | |
Earnings_Per_Common_Share
Earnings Per Common Share | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||
Earnings Per Share [Text Block] | ' | |||||||||||||
6. Earnings Per Common Share | ||||||||||||||
The following table sets forth the computation of basic and diluted earnings per common share (In Thousands except per share data): | ||||||||||||||
Three months ended | Six months ended | |||||||||||||
June 30, | June 30, | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
Numerator for basic and diluted earnings per common share – Net income | $ | 5,689 | $ | 6,109 | $ | 10,868 | $ | 11,668 | ||||||
Denominator: | ||||||||||||||
Denominator for basic earnings per common share – weighted average common shares, including participating securities | 9,607 | 9,774 | 9,644 | 9,755 | ||||||||||
Effect of warrants | 350 | 306 | 345 | 301 | ||||||||||
Effect of restricted stock units | 56 | 27 | 54 | 23 | ||||||||||
Effect of employee stock options | 53 | 49 | 53 | 51 | ||||||||||
Denominator for diluted earnings per common share share | 10,066 | 10,156 | 10,096 | 10,130 | ||||||||||
Basic earnings per common share | $ | 0.59 | $ | 0.63 | $ | 1.13 | $ | 1.2 | ||||||
Diluted earnings per common share | $ | 0.57 | $ | 0.6 | $ | 1.08 | $ | 1.15 | ||||||
There were 1,000 and 35,000 shares under options granted to employees excluded from the diluted earnings per common share calculation as they were anti-dilutive for the three and six months ended June 30, 2014, respectively. There were 143,350 shares under option granted to employees excluded from the diluted earnings per common share calculation as they were anti-dilutive for both the three and six months ended June 30, 2013. | ||||||||||||||
Investment_Securities
Investment Securities | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Marketable Securities [Abstract] | ' | |||||||||||||||||||
Investment [Text Block] | ' | |||||||||||||||||||
7. Investment Securities | ||||||||||||||||||||
The following is a summary of available-for-sale and held-to-maturity securities: | ||||||||||||||||||||
Amortized | Gross | Gross | ||||||||||||||||||
Unrealized | Unrealized | |||||||||||||||||||
Cost | Gains | Losses | Fair Value | |||||||||||||||||
(In Thousands) | ||||||||||||||||||||
At June 30, 2014 | ||||||||||||||||||||
Available-for-Sale Securities: | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 5,000 | $ | 24 | $ | -22 | $ | 5,002 | ||||||||||||
Mortgage-backed securities – residential | 48,569 | 971 | -349 | 49,191 | ||||||||||||||||
Collateralized mortgage obligations | 79,161 | 977 | -684 | 79,454 | ||||||||||||||||
REMICs | 1,940 | 17 | - | 1,957 | ||||||||||||||||
Corporate bonds | 6,884 | 122 | -16 | 6,990 | ||||||||||||||||
Obligations of state and political subdivisions | 85,347 | 4,508 | -160 | 89,695 | ||||||||||||||||
Totals | $ | 226,901 | $ | 6,619 | $ | -1,231 | $ | 232,289 | ||||||||||||
Amortized | Gross | Gross | Fair Value | |||||||||||||||||
Cost | Unrecognized | Unrecognized | ||||||||||||||||||
Gains | Losses | |||||||||||||||||||
(In Thousands) | ||||||||||||||||||||
Held-to-Maturity Securities*: | ||||||||||||||||||||
FHLMC certificates | $ | 29 | $ | - | $ | - | $ | 29 | ||||||||||||
FNMA certificates | 102 | 2 | - | 104 | ||||||||||||||||
GNMA certificates | 44 | 1 | - | 45 | ||||||||||||||||
Obligations of state and political subdivisions | 155 | - | - | 155 | ||||||||||||||||
Totals | $ | 330 | $ | 3 | $ | - | $ | 333 | ||||||||||||
Gross | Gross | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||||
(In Thousands) | ||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||
Available-for-Sale Securities: | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 5,000 | $ | - | $ | -79 | $ | 4,921 | ||||||||||||
Mortgage-backed securities - residential | 41,368 | 765 | -841 | 41,292 | ||||||||||||||||
Collateralized mortgage obligations | 59,865 | 739 | -763 | 59,841 | ||||||||||||||||
Trust preferred stock and preferred stock | 3,264 | 683 | -993 | 2,954 | ||||||||||||||||
Corporate bonds | 8,854 | 129 | -41 | 8,942 | ||||||||||||||||
Obligations of state and political subdivisions | 78,426 | 2,704 | -910 | 80,220 | ||||||||||||||||
Total Available-for-Sale | $ | 196,777 | $ | 5,020 | $ | -3,627 | $ | 198,170 | ||||||||||||
Amortized Cost | Gross | Gross | Fair Value | |||||||||||||||||
Unrecognized | Unrecognized | |||||||||||||||||||
Gains | Losses | |||||||||||||||||||
(In Thousands) | ||||||||||||||||||||
Held-to-Maturity Securities*: | ||||||||||||||||||||
FHLMC certificates | $ | 31 | $ | - | $ | - | $ | 31 | ||||||||||||
FNMA certificates | 120 | 4 | - | 124 | ||||||||||||||||
GNMA certificates | 50 | 2 | - | 52 | ||||||||||||||||
Obligations of states and political subdivisions | 186 | - | - | 186 | ||||||||||||||||
Total Held-to-Maturity | $ | 387 | $ | 6 | $ | - | $ | 393 | ||||||||||||
* FHLMC, FNMA, and GNMA certificates are residential mortgage-backed securities. | ||||||||||||||||||||
The amortized cost and fair value of the investment securities portfolio at June 30, 2014 are shown below by contractual maturity. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. For purposes of the maturity table, mortgage-backed securities (“MBS”) and collateralized mortgage obligations (“CMO”), which are not due at a single maturity date, have not been allocated over the maturity groupings. These securities may mature earlier than their weighted-average contractual maturities because of principal prepayments. | ||||||||||||||||||||
Available-for-Sale | Held-to-Maturity | |||||||||||||||||||
Amortized | Fair | Amortized | Fair | |||||||||||||||||
Cost | Value | Cost | Value | |||||||||||||||||
(In Thousands) | ||||||||||||||||||||
Due in one year or less | $ | 1,007 | $ | 1,017 | $ | - | $ | - | ||||||||||||
Due after one year through five years | 9,398 | 9,691 | 155 | 155 | ||||||||||||||||
Due after five years through ten years | 38,245 | 40,045 | - | - | ||||||||||||||||
Due after ten years | 48,581 | 50,934 | - | - | ||||||||||||||||
MBS/CMO | 129,670 | 130,602 | 175 | 178 | ||||||||||||||||
$ | 226,901 | $ | 232,289 | $ | 330 | $ | 333 | |||||||||||||
Investment securities with a carrying amount of $136.7 million at June 30, 2014 were pledged as collateral on public deposits, securities sold under repurchase agreements, Federal Reserve discount window and FHLB advances. | ||||||||||||||||||||
As of June 30, 2014, the Company’s investment portfolio consisted of 354 securities, 59 of which were in an unrealized loss position. | ||||||||||||||||||||
The following tables summarize First Defiance’s securities that were in an unrealized loss position at June 30, 2014 and December 31, 2013: | ||||||||||||||||||||
Duration of Unrealized Loss Position | ||||||||||||||||||||
Less than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||
Gross | Gross | |||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||
Value | Loss | Value | Loss | Value | Loses | |||||||||||||||
(In Thousands) | ||||||||||||||||||||
At June 30, 2014 | ||||||||||||||||||||
Available-for-sale securities: | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | - | $ | - | $ | 978 | $ | -22 | $ | 978 | $ | -22 | ||||||||
Mortgage-backed securities - residential | 5,723 | -25 | 18,641 | -324 | 24,364 | -349 | ||||||||||||||
Collateralized mortgage obligations | 21,077 | -321 | 12,646 | -363 | 33,723 | -684 | ||||||||||||||
Obligations of state and political subdivisions | 1,379 | -29 | 8,798 | -131 | 10,177 | -160 | ||||||||||||||
Corporate bonds | - | - | 984 | -16 | 984 | -16 | ||||||||||||||
Total temporarily impaired securities | $ | 28,179 | $ | -375 | $ | 42,047 | $ | -856 | $ | 70,226 | $ | -1,231 | ||||||||
Duration of Unrealized Loss Position | ||||||||||||||||||||
Less than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||
Gross | Gross | |||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||
Value | Loss | Value | Loss | Value | Loses | |||||||||||||||
(In Thousands) | ||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||
Available-for-sale securities: | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 4,921 | $ | -79 | $ | - | $ | - | $ | 4,921 | $ | -79 | ||||||||
Mortgage-backed securities - residential | 24,846 | -841 | - | - | 24,846 | -841 | ||||||||||||||
Collateralized mortgage obligations | 26,530 | -763 | - | - | 26,530 | -763 | ||||||||||||||
Corporate bonds | 2,959 | -41 | - | - | 2,959 | -41 | ||||||||||||||
Obligations of state and political subdivisions | 19,209 | -871 | 375 | -39 | 19,584 | -910 | ||||||||||||||
Trust preferred stock and preferred stock | - | - | 582 | -993 | 582 | -993 | ||||||||||||||
Total temporarily impaired securities | $ | 78,465 | $ | -2,595 | $ | 957 | $ | -1,032 | $ | 79,422 | $ | -3,627 | ||||||||
With the exception of trust preferred securities and corporate bonds, the above securities all have fixed interest rates, and all securities have defined maturities. Their fair value is sensitive to movements in market interest rates. First Defiance has the ability and intent to hold these investments for a time necessary to recover the amortized cost without impacting its liquidity position, and it is not more than likely that the Company will be required to sell the investments before anticipated recovery. | ||||||||||||||||||||
Realized gains from the sales of investment securities totaled $471,000 ($330,000 after tax) in the second quarter of 2014 while there were realized gains of $44,000 ($31,000 after tax) in the second quarter of 2013. Realized gains from the sales of investment securities totaled $471,000 ($306,000 after tax) for the first six months of 2014 compared to realized gains of $97,000 ($68,000 after tax) for the first six months of 2013. | ||||||||||||||||||||
Management evaluates securities for other-than-temporary impairment (“OTTI”) at least quarterly, and more frequently when economic or market conditions warrant such an evaluation. The investment portfolio is evaluated for OTTI by segregating the portfolio into two general segments. Investment securities classified as available-for-sale or held-to-maturity are generally evaluated for OTTI under FASB ASC Topic 320. | ||||||||||||||||||||
When OTTI occurs under either model, the amount of the OTTI recognized in earnings depends on whether an entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis less any current period credit loss. If an entity intends to sell or more likely than not will be required to sell the security before recovery of its amortized cost basis less any current period credit loss, the OTTI shall be recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date. If an entity does not intend to sell the security and it is not more likely than not that the entity will be required to sell the security before recovery of its amortized cost basis less any current period loss, the OTTI is separated into the amount representing the credit loss and the amount related to all other factors. The amount of OTTI related to the credit loss is determined based on the present value of cash flows expected to be collected compared to the book value of the security and is recognized in earnings. The amount of OTTI related to other factors shall be recognized in other comprehensive income, net of applicable taxes. The previous amortized cost basis less the OTTI recognized in earnings shall become the new amortized cost basis of the investment. | ||||||||||||||||||||
For the first six months of 2014 and 2013, management determined there was no OTTI. The Company held eight Collateralized Debt Obligations (“CDOs”) at December 31, 2013. Two of the eight securities were sold in January 2014 with no gain or loss associated with that transaction and three were sold in June 2014 for a loss of $329,000. The Company holds three CDOs at June 30, 2014 with a zero value. | ||||||||||||||||||||
There was no OTTI recognized in accumulated other comprehensive income (“AOCI”) at June 30, 2014. There was $645,000 recognized in AOCI at December 31, 2013. | ||||||||||||||||||||
The proceeds from the sales and calls of securities and the associated gains are listed below: | ||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||
(In Thousands) | ||||||||||||||||||||
Proceeds | $ | 2,128 | $ | 3,008 | $ | 3,782 | $ | 4,027 | ||||||||||||
Gross realized gains | 1,113 | 43 | 1,113 | 97 | ||||||||||||||||
Gross realized losses | -642 | - | -642 | - | ||||||||||||||||
Loans
Loans | 6 Months Ended | |||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||
Loans Receivable, Net [Abstract] | ' | |||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | |||||||||||||||||||||||||
8. Loans | ||||||||||||||||||||||||||
Loans receivable consist of the following: | ||||||||||||||||||||||||||
June 30, | December 31, | |||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||
(In Thousands) | ||||||||||||||||||||||||||
Real Estate: | ||||||||||||||||||||||||||
Secured by 1-4 family residential | $ | 199,886 | $ | 195,752 | ||||||||||||||||||||||
Secured by multi-family residential | 151,008 | 148,952 | ||||||||||||||||||||||||
Secured by commercial real estate | 650,915 | 670,666 | ||||||||||||||||||||||||
Construction | 108,478 | 86,058 | ||||||||||||||||||||||||
1,110,287 | 1,101,428 | |||||||||||||||||||||||||
Other Loans: | ||||||||||||||||||||||||||
Commercial | 390,055 | 388,236 | ||||||||||||||||||||||||
Home equity and improvement | 108,460 | 106,930 | ||||||||||||||||||||||||
Consumer Finance | 15,800 | 16,902 | ||||||||||||||||||||||||
514,315 | 512,068 | |||||||||||||||||||||||||
Total loans | 1,624,602 | 1,613,496 | ||||||||||||||||||||||||
Deduct: | ||||||||||||||||||||||||||
Undisbursed loan funds | -41,874 | -32,290 | ||||||||||||||||||||||||
Net deferred loan origination fees and costs | -744 | -758 | ||||||||||||||||||||||||
Allowance for loan loss | -24,627 | -24,950 | ||||||||||||||||||||||||
Totals | $ | 1,557,357 | $ | 1,555,498 | ||||||||||||||||||||||
Loan segments have been identified by evaluating the portfolio based on collateral and credit risk characteristics. | ||||||||||||||||||||||||||
The following table discloses allowance for loan loss activity for the quarter ended June 30, 2014 and June 30, 2013 by portfolio segment and impairment method (In Thousands): | ||||||||||||||||||||||||||
Quarter Ended June 30, 2014 | 1-4 Family | Multi- Family | Commercial | Construction | Commercial | Home Equity | Consumer | Total | ||||||||||||||||||
Residential | Residential | Real Estate | and | Finance | ||||||||||||||||||||||
Real Estate | Real Estate | Improvement | ||||||||||||||||||||||||
Beginning Allowance | $ | 2,639 | $ | 2,615 | $ | 11,987 | $ | 138 | $ | 5,610 | $ | 1,647 | $ | 147 | $ | 24,783 | ||||||||||
Charge-Offs | -42 | 0 | -39 | 0 | -973 | -80 | -12 | -1,146 | ||||||||||||||||||
Recoveries | 98 | 2 | 200 | 0 | 173 | 55 | 16 | 544 | ||||||||||||||||||
Provisions | -350 | -137 | -672 | 61 | 1,389 | 158 | -3 | 446 | ||||||||||||||||||
Ending Allowance | $ | 2,345 | $ | 2,480 | $ | 11,476 | $ | 199 | $ | 6,199 | $ | 1,780 | $ | 148 | $ | 24,627 | ||||||||||
Quarter Ended June 30, 2013 | 1-4 Family | Multi- Family | Commercial | Construction | Commercial | Home Equity | Consumer | Total | ||||||||||||||||||
Residential | Residential | Real Estate | and | Finance | ||||||||||||||||||||||
Real Estate | Real Estate | Improvement | ||||||||||||||||||||||||
Beginning Allowance | $ | 3,433 | $ | 2,410 | $ | 13,367 | $ | 67 | $ | 5,304 | $ | 1,723 | $ | 155 | $ | 26,459 | ||||||||||
Charge-Offs | -184 | -6 | -277 | 0 | -316 | -170 | -8 | -961 | ||||||||||||||||||
Recoveries | 33 | 0 | 167 | 0 | 57 | 38 | 29 | 324 | ||||||||||||||||||
Provisions | -85 | 21 | -117 | 16 | 429 | 195 | -11 | 448 | ||||||||||||||||||
Ending Allowance | $ | 3,197 | $ | 2,425 | $ | 13,140 | $ | 83 | $ | 5,474 | $ | 1,786 | $ | 165 | $ | 26,270 | ||||||||||
The following table discloses allowance for loan loss activity for the year-to-date ended June 30, 2014 and June 30, 2013 by portfolio segment and impairment method (In Thousands): | ||||||||||||||||||||||||||
Year-to-date Ended June 30, | 1-4 Family | Multi- Family | Commercial | Construction | Commercial | Home Equity | Consumer | Total | ||||||||||||||||||
2014 | Residential | Residential | Real Estate | and | ||||||||||||||||||||||
Real Estate | Real Estate | Improvement | ||||||||||||||||||||||||
Beginning Allowance | $ | 2,847 | $ | 2,508 | $ | 12,000 | $ | 134 | $ | 5,678 | $ | 1,635 | $ | 148 | $ | 24,950 | ||||||||||
Charge-Offs | -270 | 0 | -267 | 0 | -1,498 | -264 | -23 | -2,322 | ||||||||||||||||||
Recoveries | 154 | 5 | 922 | 0 | 249 | 86 | 34 | 1,450 | ||||||||||||||||||
Provisions | -386 | -33 | -1,179 | 65 | 1,770 | 323 | -11 | 549 | ||||||||||||||||||
Ending Allowance | $ | 2,345 | $ | 2,480 | $ | 11,476 | $ | 199 | $ | 6,199 | $ | 1,780 | $ | 148 | $ | 24,627 | ||||||||||
Year-to-date Ended June 30, | 1-4 Family | Multi- Family | Commercial | Construction | Commercial | Home Equity | Consumer | Total | ||||||||||||||||||
2013 | Residential | Residential | Real Estate | and | ||||||||||||||||||||||
Real Estate | Real Estate | Improvement | ||||||||||||||||||||||||
Beginning Allowance | $ | 3,506 | $ | 2,197 | $ | 12,702 | $ | 75 | $ | 6,325 | $ | 1,759 | $ | 147 | $ | 26,711 | ||||||||||
Charge-Offs | -390 | -6 | -543 | 0 | -521 | -442 | -54 | -1,956 | ||||||||||||||||||
Recoveries | 132 | 0 | 268 | 0 | 133 | 61 | 48 | 642 | ||||||||||||||||||
Provisions | -51 | 234 | 713 | 8 | -463 | 408 | 24 | 873 | ||||||||||||||||||
Ending Allowance | $ | 3,197 | $ | 2,425 | $ | 13,140 | $ | 83 | $ | 5,474 | $ | 1,786 | $ | 165 | $ | 26,270 | ||||||||||
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2014: (In Thousands) | ||||||||||||||||||||||||||
1-4 Family | Multi- Family | |||||||||||||||||||||||||
Residential | Residential | Commercial | Home Equity | Consumer | ||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Construction | Commercial | & Improvement | Finance | Total | |||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 182 | $ | - | $ | 1,129 | $ | - | $ | 23 | $ | 24 | $ | - | $ | 1,358 | ||||||||||
Collectively evaluated for impairment | 2,163 | 2,480 | 10,347 | 199 | 6,176 | 1,756 | 148 | 23,269 | ||||||||||||||||||
Acquired with deteriorated credit quality | - | - | - | - | - | - | - | - | ||||||||||||||||||
Total ending allowance balance | $ | 2,345 | $ | 2,480 | $ | 11,476 | $ | 199 | $ | 6,199 | $ | 1,780 | $ | 148 | $ | 24,627 | ||||||||||
Loans: | ||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 9,796 | $ | 358 | $ | 29,630 | $ | 262 | $ | 7,385 | $ | 2,099 | $ | 47 | $ | 49,577 | ||||||||||
Loans collectively evaluated for impairment | 190,502 | 150,782 | 623,996 | 66,312 | 383,031 | 106,760 | 15,739 | 1,537,122 | ||||||||||||||||||
Loans acquired with deteriorated credit quality | 1 | - | 169 | - | 24 | - | - | 194 | ||||||||||||||||||
Total ending loans balance | $ | 200,299 | $ | 151,140 | $ | 653,795 | $ | 66,574 | $ | 390,440 | $ | 108,859 | $ | 15,786 | $ | 1,586,893 | ||||||||||
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2013: (In Thousands) | ||||||||||||||||||||||||||
1-4 Family | Multi- Family | |||||||||||||||||||||||||
Residential | Residential | Commercial | Home Equity | Consumer | ||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Construction | Commercial | & Improvement | Finance | Total | |||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 220 | $ | - | $ | 1,121 | $ | - | $ | 6 | $ | 45 | $ | - | $ | 1,392 | ||||||||||
Collectively evaluated for impairment | 2,627 | 2,508 | 10,879 | 134 | 5,672 | 1,590 | 148 | 23,558 | ||||||||||||||||||
Acquired with deteriorated credit quality | - | - | - | - | - | - | - | - | ||||||||||||||||||
Total ending allowance balance | $ | 2,847 | $ | 2,508 | $ | 12,000 | $ | 134 | $ | 5,678 | $ | 1,635 | $ | 148 | $ | 24,950 | ||||||||||
Loans: | ||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 10,245 | $ | 840 | $ | 34,874 | $ | 263 | $ | 8,737 | $ | 2,429 | $ | 53 | $ | 57,441 | ||||||||||
Loans collectively evaluated for impairment | 185,923 | 148,294 | 637,657 | 53,467 | 380,711 | 104,958 | 16,838 | 1,527,848 | ||||||||||||||||||
Loans acquired with deteriorated credit quality | 29 | - | 174 | - | 27 | - | - | 230 | ||||||||||||||||||
Total ending loans balance | $ | 196,197 | $ | 149,134 | $ | 672,705 | $ | 53,730 | $ | 389,475 | $ | 107,387 | $ | 16,891 | $ | 1,585,519 | ||||||||||
The following table presents the average balance, interest income recognized and cash basis income recognized on impaired loans by class of loans. (In Thousands) | ||||||||||||||||||||||||||
Three Months Ended June 30, 2014 | Six Months Ended June 30, 2014 | |||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | |||||||||||||||||||||
Balance | Income | Income | Balance | Income | Income | |||||||||||||||||||||
Recognized | Recognized | Recognized | Recognized | |||||||||||||||||||||||
Residential Owner Occupied | $ | 6,133 | $ | 81 | $ | 75 | $ | 6,231 | $ | 166 | $ | 158 | ||||||||||||||
Residential Non Owner Occupied | 3,715 | 32 | 33 | 3,900 | 70 | 71 | ||||||||||||||||||||
Total Residential Real Estate | 9,848 | 113 | 108 | 10,131 | 236 | 229 | ||||||||||||||||||||
Construction | 261 | 3 | 4 | 261 | 6 | 9 | ||||||||||||||||||||
Multi-Family | 369 | 1 | 1 | 378 | 2 | 2 | ||||||||||||||||||||
CRE Owner Occupied | 8,967 | 37 | 33 | 9,402 | 73 | 68 | ||||||||||||||||||||
CRE Non Owner Occupied | 18,469 | 201 | 204 | 18,912 | 405 | 408 | ||||||||||||||||||||
Agriculture Land | 683 | 5 | 3 | 685 | 8 | 5 | ||||||||||||||||||||
Other CRE | 1,788 | 5 | 6 | 1,825 | 10 | 11 | ||||||||||||||||||||
Total Commercial Real Estate | 29,907 | 248 | 246 | 30,824 | 496 | 492 | ||||||||||||||||||||
Commercial Working Capital | 3,286 | 8 | 8 | 3,105 | 11 | 11 | ||||||||||||||||||||
Commercial Other | 4,552 | 2 | 1 | 4,756 | 4 | 3 | ||||||||||||||||||||
Total Commercial | 7,838 | 10 | 9 | 7,861 | 15 | 14 | ||||||||||||||||||||
Home Equity and Home Improvement | 2,095 | 25 | 25 | 2,267 | 50 | 50 | ||||||||||||||||||||
Consumer | 51 | 1 | 1 | 54 | 2 | 2 | ||||||||||||||||||||
Total Impaired Loans | $ | 50,369 | $ | 401 | $ | 394 | $ | 51,776 | $ | 807 | $ | 798 | ||||||||||||||
The following table presents the average balance, interest income recognized and cash basis income recognized on impaired loans by class of loans: (In Thousands) | ||||||||||||||||||||||||||
Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | |||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | |||||||||||||||||||||
Balance | Income | Income | Balance | Income | Income | |||||||||||||||||||||
Recognized | Recognized | Recognized | Recognized | |||||||||||||||||||||||
Residential Owner Occupied | $ | 6,693 | $ | 92 | $ | 92 | $ | 6,811 | $ | 180 | $ | 178 | ||||||||||||||
Residential Non Owner Occupied | 4,443 | 43 | 44 | 4,583 | 79 | 79 | ||||||||||||||||||||
Total Residential Real Estate | 11,136 | 135 | 136 | 11,394 | 259 | 257 | ||||||||||||||||||||
Construction | 131 | 3 | 2 | 102 | 3 | 2 | ||||||||||||||||||||
Multi-Family | 1,277 | 5 | 6 | 1,393 | 11 | 13 | ||||||||||||||||||||
CRE Owner Occupied | 14,452 | 120 | 118 | 14,536 | 183 | 176 | ||||||||||||||||||||
CRE Non Owner Occupied | 23,692 | 236 | 230 | 24,080 | 439 | 423 | ||||||||||||||||||||
Agriculture Land | 889 | 8 | 3 | 886 | 17 | 10 | ||||||||||||||||||||
Other CRE | 4,526 | 12 | 8 | 4,783 | 14 | 9 | ||||||||||||||||||||
Total Commercial Real Estate | 43,559 | 376 | 359 | 44,285 | 653 | 618 | ||||||||||||||||||||
Commercial Working Capital | 1,346 | 17 | 17 | 1,593 | 20 | 22 | ||||||||||||||||||||
Commercial Other | 6,669 | 28 | 23 | 6,759 | 51 | 45 | ||||||||||||||||||||
Total Commercial | 8,015 | 45 | 40 | 8,352 | 71 | 67 | ||||||||||||||||||||
Home Equity and Home Improvement | 2,789 | 33 | 31 | 2,749 | 67 | 63 | ||||||||||||||||||||
Consumer | 82 | 1 | 1 | 96 | 3 | 3 | ||||||||||||||||||||
Total Impaired Loans | $ | 66,989 | $ | 598 | $ | 575 | $ | 68,371 | $ | 1,067 | $ | 1,023 | ||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans: (In Thousands) | ||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Unpaid | Recorded | Allowance | |||||||||||||||||||||
Principal | Investment | for Loan | Principal | Investment | for Loan | |||||||||||||||||||||
Balance* | Losses | Balance* | Losses | |||||||||||||||||||||||
Allocated | Allocated | |||||||||||||||||||||||||
With no allowance recorded: | ||||||||||||||||||||||||||
Residential Owner Occupied | $ | 3,698 | $ | 4,307 | $ | - | $ | 4,744 | $ | 4,729 | $ | - | ||||||||||||||
Residential Non Owner Occupied | 4,416 | 3,602 | - | 4,844 | 4,329 | - | ||||||||||||||||||||
Total 1-4 Family Residential Real Estate | 8,114 | 7,909 | - | 9,588 | 9,058 | - | ||||||||||||||||||||
Multi-Family Residential Real Estate | 508 | 358 | - | 989 | 840 | - | ||||||||||||||||||||
CRE Owner Occupied | 8,453 | 6,159 | - | 11,105 | 8,376 | - | ||||||||||||||||||||
CRE Non Owner Occupied | 6,761 | 5,895 | - | 9,399 | 7,740 | - | ||||||||||||||||||||
Agriculture Land | 486 | 467 | - | 629 | 488 | - | ||||||||||||||||||||
Other CRE | 2,256 | 1,710 | - | 3,274 | 2,452 | - | ||||||||||||||||||||
Total Commercial Real Estate | 17,955 | 14,231 | - | 24,407 | 19,056 | - | ||||||||||||||||||||
Construction | 261 | 262 | - | 300 | 263 | - | ||||||||||||||||||||
Commercial Working Capital | 3,787 | 2,548 | - | 3,147 | 3,146 | - | ||||||||||||||||||||
Commercial Other | 4,923 | 4,280 | - | 6,063 | 5,415 | - | ||||||||||||||||||||
Total Commercial | 8,710 | 6,828 | - | 9,210 | 8,561 | - | ||||||||||||||||||||
Home Equity and Home Improvement | 1,997 | 1,947 | - | 1,985 | 1,992 | - | ||||||||||||||||||||
Consumer Finance | 48 | 47 | - | 53 | 53 | - | ||||||||||||||||||||
Total loans with no allowance recorded | $ | 37,594 | $ | 31,582 | $ | - | $ | 46,532 | $ | 39,823 | $ | - | ||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Residential Owner Occupied | $ | 1,801 | $ | 1,805 | $ | 181 | $ | 1,100 | $ | 1,103 | $ | 218 | ||||||||||||||
Residential Non Owner Occupied | 82 | 82 | 1 | 84 | 84 | 2 | ||||||||||||||||||||
Total 1-4 Family Residential Real Estate | 1,883 | 1,887 | 182 | 1,184 | 1,187 | 220 | ||||||||||||||||||||
Multi-Family Residential Real Estate | - | - | - | - | - | - | ||||||||||||||||||||
CRE Owner Occupied | 3,101 | 2,659 | 157 | 3,212 | 2,765 | 166 | ||||||||||||||||||||
CRE Non Owner Occupied | 12,430 | 12,475 | 964 | 12,756 | 12,803 | 946 | ||||||||||||||||||||
Agriculture Land | 210 | 215 | 6 | 195 | 197 | 7 | ||||||||||||||||||||
Other CRE | 79 | 50 | 2 | 82 | 53 | 2 | ||||||||||||||||||||
Total Commercial Real Estate | 15,820 | 15,399 | 1,129 | 16,245 | 15,818 | 1,121 | ||||||||||||||||||||
Construction | - | - | - | - | - | - | ||||||||||||||||||||
Commercial Working Capital | 500 | 501 | 15 | - | - | - | ||||||||||||||||||||
Commercial Other | 55 | 56 | 8 | 176 | 176 | 6 | ||||||||||||||||||||
Total Commercial | 555 | 557 | 23 | 176 | 176 | 6 | ||||||||||||||||||||
Home Equity and Home Improvement | 152 | 152 | 24 | 436 | 437 | 45 | ||||||||||||||||||||
Consumer Finance | - | - | - | - | - | - | ||||||||||||||||||||
Total loans with an allowance recorded | $ | 18,410 | $ | 17,995 | $ | 1,358 | $ | 18,041 | $ | 17,618 | $ | 1,392 | ||||||||||||||
*Presented gross of charge-offs | ||||||||||||||||||||||||||
The following table presents the aggregate amounts of non-performing assets, comprised of non-performing loans and real estate owned on the dates indicated: | ||||||||||||||||||||||||||
June 30, | December 31, | |||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||
(In Thousands) | ||||||||||||||||||||||||||
Non-accrual loans | $ | 24,863 | $ | 27,847 | ||||||||||||||||||||||
Loans over 90 days past due and still accruing | - | - | ||||||||||||||||||||||||
Total non-performing loans | 24,863 | 27,847 | ||||||||||||||||||||||||
Real estate and other assets held for sale | 5,554 | 5,859 | ||||||||||||||||||||||||
Total non-performing assets | $ | 30,417 | $ | 33,706 | ||||||||||||||||||||||
The following table presents the aging of the recorded investment in past due and non accrual loans as of June 30, 2014 by class of loans: (In Thousands) | ||||||||||||||||||||||||||
Current | 30-59 days | 60-89 days | 90+ days | Total | Total Non | |||||||||||||||||||||
Past Due | Accrual | |||||||||||||||||||||||||
Residential Owner Occupied | $ | 134,417 | $ | 429 | $ | 297 | $ | 790 | $ | 1,516 | $ | 1,085 | ||||||||||||||
Residential Non Owner Occupied | 63,228 | - | 12 | 1,126 | 1,138 | 1,815 | ||||||||||||||||||||
Total 1-4 Family Residential Real Estate | 197,645 | 429 | 309 | 1,916 | 2,654 | 2,900 | ||||||||||||||||||||
Multi-Family Residential Real Estate | 151,140 | - | - | - | - | 429 | ||||||||||||||||||||
CRE Owner Occupied | 297,739 | 41 | - | 1,812 | 1,853 | 7,041 | ||||||||||||||||||||
CRE Non Owner Occupied | 227,708 | 29 | - | 2,058 | 2,087 | 4,969 | ||||||||||||||||||||
Agriculture Land | 84,632 | 137 | - | 329 | 466 | 751 | ||||||||||||||||||||
Other Commercial Real Estate | 39,050 | - | - | 260 | 260 | 1,619 | ||||||||||||||||||||
Total Commercial Real Estate | 649,129 | 207 | - | 4,459 | 4,666 | 14,380 | ||||||||||||||||||||
Construction | 66,574 | - | - | - | - | - | ||||||||||||||||||||
Commercial Working Capital | 144,112 | 3 | - | 1,545 | 1,548 | 2,368 | ||||||||||||||||||||
Commercial Other | 241,199 | 94 | - | 3,487 | 3,581 | 4,689 | ||||||||||||||||||||
Total Commercial | 385,311 | 97 | - | 5,032 | 5,129 | 7,057 | ||||||||||||||||||||
Consumer Finance | 15,696 | 84 | 6 | - | 90 | - | ||||||||||||||||||||
Home Equity/Home Improvement | 107,661 | 969 | 127 | 102 | 1,198 | 102 | ||||||||||||||||||||
Total Loans | $ | 1,573,156 | $ | 1,786 | $ | 442 | $ | 11,509 | $ | 13,737 | $ | 24,868 | ||||||||||||||
The following table presents the aging of the recorded investment in past due and non accrual loans as of December 31, 2013 by class of loans: (In Thousands) | ||||||||||||||||||||||||||
Current | 30-59 days | 60-89 days | 90+ days | Total | Total Non | |||||||||||||||||||||
Past Due | Accrual | |||||||||||||||||||||||||
Residential Owner Occupied | $ | 126,855 | $ | 1,530 | $ | 191 | $ | 1,009 | $ | 2,730 | $ | 1,329 | ||||||||||||||
Residential Non Owner Occupied | 65,292 | 531 | 403 | 386 | 1,320 | 1,943 | ||||||||||||||||||||
Total 1-4 Family Residential Real Estate | 192,147 | 2,061 | 594 | 1,395 | 4,050 | 3,272 | ||||||||||||||||||||
Multi-Family Residential Real Estate | 149,134 | - | - | - | - | 583 | ||||||||||||||||||||
CRE Owner Occupied | 311,253 | 334 | 495 | 3,671 | 4,500 | 7,492 | ||||||||||||||||||||
CRE Non Owner Occupied | 225,433 | 1,067 | 918 | 902 | 2,887 | 4,717 | ||||||||||||||||||||
Agriculture Land | 81,954 | 21 | - | 73 | 94 | 630 | ||||||||||||||||||||
Other Commercial Real Estate | 45,297 | - | - | 1,287 | 1,287 | 2,412 | ||||||||||||||||||||
Total Commercial Real Estate | 663,937 | 1,422 | 1,413 | 5,933 | 8,768 | 15,251 | ||||||||||||||||||||
Construction | 53,730 | - | - | - | - | - | ||||||||||||||||||||
Commercial Working Capital | 155,373 | - | - | 419 | 419 | 2,917 | ||||||||||||||||||||
Commercial Other | 230,054 | 37 | 26 | 3,566 | 3,629 | 5,419 | ||||||||||||||||||||
Total Commercial | 385,427 | 37 | 26 | 3,985 | 4,048 | 8,336 | ||||||||||||||||||||
Consumer Finance | 16,759 | 131 | - | 131 | - | |||||||||||||||||||||
Home Equity/Home Improvement | 105,657 | 1,163 | 155 | 413 | 1,731 | 413 | ||||||||||||||||||||
Total Loans | $ | 1,566,791 | $ | 4,814 | $ | 2,188 | $ | 11,726 | $ | 18,728 | $ | 27,855 | ||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
As of June 30, 2014 and December 31, 2013, the Company had a recorded investment in troubled debt restructurings (“TDRs”) of $32.7 million and $33.4 million, respectively. The Company allocated $1.2 million of specific reserves to those loans at each of June 30, 2014 and December 31, 2013, and committed to lend additional amounts totaling up to $28,000 and $300,000 at June 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||||||||||||
The Company offers various types of concessions when modifying a loan, however, forgiveness of principal is rarely granted. Each TDR is uniquely designed to meet the specific needs of the borrower. Commercial and industrial loans modified in a TDR often involve temporary interest-only payments, term extensions, and converting revolving credit lines to term loans. Additional collateral or an additional guarantor is often requested when granting a concession. Commercial mortgage loans modified in a TDR often involve temporary interest-only payments, re-amortization of remaining debt in order to lower payments, and sometimes reducing the interest rate lower than the current market rate. Residential mortgage loans modified in a TDR are comprised of loans where monthly payments are lowered, either through interest rate reductions or principal only payments for a period of time, to accommodate the borrowers’ financial needs, interest is capitalized into principal, or the term and amortization are extended. Home equity modifications are made infrequently and usually involve providing an interest rate that is lower than the borrower would be able to obtain due to credit issues. All retail loans where the borrower is in bankruptcy are classified as TDRs regardless of whether or not a concession is made. | ||||||||||||||||||||||||||
Of the loans modified in a TDR, $5.6 million are on non-accrual status and partial charge-offs have in some cases been taken against the outstanding balance. Loans modified as a TDR may have the financial effect of increasing the allowance associated with the loan. If the loan is determined to be collateral dependent, the estimated fair value of the collateral, less any selling costs is used to determine if there is a need for a specific allowance or charge-off. If the loan is determined to be cash flow dependent, the allowance is measured based on the present value of expected future cash flows discounted at the loan’s pre-modification effective interest rate. | ||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the three and six month periods ending June 30, 2014 and June 30, 2013: | ||||||||||||||||||||||||||
Loans Modified as a TDR for the Three | Loans Modified as a TDR for the Six | |||||||||||||||||||||||||
Months Ended June 30, 2014 | Months Ended June 30, 2014 | |||||||||||||||||||||||||
($ In Thousands) | ($ In Thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Recorded | Number of Loans | Recorded | ||||||||||||||||||||||
Investment (as of | Investment (as of | |||||||||||||||||||||||||
period end) | period end) | |||||||||||||||||||||||||
Residential Owner Occupied | 7 | $ | 674 | 15 | $ | 1,372 | ||||||||||||||||||||
Residential Non Owner Occupied | 0 | - | 0 | - | ||||||||||||||||||||||
CRE Owner Occupied | 0 | - | 0 | - | ||||||||||||||||||||||
CRE Non Owner Occupied | 0 | - | 1 | 358 | ||||||||||||||||||||||
Agriculture Land | 0 | - | 0 | - | ||||||||||||||||||||||
Other CRE | 0 | - | 0 | - | ||||||||||||||||||||||
Commercial working capital or other | 9 | 727 | 11 | 1,676 | ||||||||||||||||||||||
Home Equity / Improvement | 4 | 82 | 7 | 167 | ||||||||||||||||||||||
Consumer Finance | 1 | 17 | 2 | 19 | ||||||||||||||||||||||
Total | 21 | $ | 1,500 | 36 | $ | 3,592 | ||||||||||||||||||||
The loans described above increased the allowance for loan loss by $65,000 in the three month period ending June 30, 2014 and decreased the allowance for loan loss by $5,000 in the six month period ending June 30, 2014. | ||||||||||||||||||||||||||
Loans Modified as a TDR for the Three | Loans Modified as a TDR for the Six | |||||||||||||||||||||||||
Months Ended June 30, 2013 | Months Ended June 30, 2013 | |||||||||||||||||||||||||
($ In Thousands) | ($ In Thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Recorded | Number of Loans | Recorded | ||||||||||||||||||||||
Investment (as of | Investment (as of | |||||||||||||||||||||||||
period end) | period end) | |||||||||||||||||||||||||
Residential Owner Occupied | 3 | $ | 316 | 8 | $ | 752 | ||||||||||||||||||||
Residential Non Owner Occupied | 0 | - | 1 | 194 | ||||||||||||||||||||||
CRE Owner Occupied | 3 | 758 | 4 | 782 | ||||||||||||||||||||||
CRE Non Owner Occupied | 1 | 1,374 | 1 | 1,374 | ||||||||||||||||||||||
Agriculture Land | 0 | - | 1 | 217 | ||||||||||||||||||||||
Other CRE | 1 | 32 | 1 | 32 | ||||||||||||||||||||||
Commercial working capital or other | 1 | 47 | 1 | 47 | ||||||||||||||||||||||
Home Equity / Improvement | 4 | 119 | 12 | 609 | ||||||||||||||||||||||
Consumer Finance | 1 | 11 | 3 | 14 | ||||||||||||||||||||||
Total | 14 | $ | 2,657 | 32 | $ | 4,021 | ||||||||||||||||||||
The loans described above increased the allowance for loan loss by $327,000 in the three month period ending June 30, 2013 and $355,000 in the six month period ending June 30, 2013. | ||||||||||||||||||||||||||
Of the 2014 modifications, 11 were made TDRs due to the fact that the borrower has filed bankruptcy, 3 were made TDRs due to a rate reduction, 1 was made a TDR due to an interest only period, 8 were made TDRs due to extending the amortization, 2 were made TDRs due to a reduction in the payment, 5 were made TDRs due to advancing or renewing funds to a watchlist credit, 2 were made to term out line of credit, and 4 were made TDRs to refinance current debt for payment relief. | ||||||||||||||||||||||||||
The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification during the three and six month periods ending June 30, 2014 and June 30, 2013: | ||||||||||||||||||||||||||
Three Months Ended June 30, 2014 | Six Months Ended June 30, 2014 | |||||||||||||||||||||||||
($ In Thousands) | ($ In Thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Recorded | Number of Loans | Recorded | ||||||||||||||||||||||
That Subsequently Defaulted | Investment (as of | Investment (as of | ||||||||||||||||||||||||
period end) | period end) | |||||||||||||||||||||||||
Residential Owner Occupied | 1 | $ | 67 | 1 | $ | 67 | ||||||||||||||||||||
Residential Non Owner Occupied | 1 | 183 | 1 | 183 | ||||||||||||||||||||||
CRE Owner Occupied | 4 | 153 | 4 | 153 | ||||||||||||||||||||||
CRE Non Owner Occupied | 0 | - | 0 | - | ||||||||||||||||||||||
Agriculture Land | 0 | - | 0 | - | ||||||||||||||||||||||
Other CRE | 0 | - | 0 | - | ||||||||||||||||||||||
Commercial working capital or other | 3 | 387 | 3 | 387 | ||||||||||||||||||||||
Home Equity / Improvement | 0 | - | 0 | - | ||||||||||||||||||||||
Consumer Finance | 0 | - | 0 | - | ||||||||||||||||||||||
Total | 8 | $ | 790 | 9 | $ | 790 | ||||||||||||||||||||
The TDRs that subsequently defaulted described above decreased the allowance for loan losses by $2,000 for the three and six month period ended June 30, 2014. | ||||||||||||||||||||||||||
A default for purposes of this disclosure is a TDR loan in which the borrower is 90 days contractually past due under the modified terms. | ||||||||||||||||||||||||||
Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | |||||||||||||||||||||||||
($ In Thousands) | ($ In Thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Recorded | Number of Loans | Recorded | ||||||||||||||||||||||
That Subsequently Defaulted | Investment (as of | Investment (as of | ||||||||||||||||||||||||
period end) | period end) | |||||||||||||||||||||||||
Residential Owner Occupied | 4 | $ | 303 | 4 | $ | 303 | ||||||||||||||||||||
Residential Non Owner Occupied | 1 | 77 | 1 | 77 | ||||||||||||||||||||||
CRE Owner Occupied | 1 | 169 | 2 | 837 | ||||||||||||||||||||||
CRE Non Owner Occupied | 1 | 212 | 1 | 212 | ||||||||||||||||||||||
Agriculture Land | 0 | - | 0 | - | ||||||||||||||||||||||
Other CRE | 0 | - | 0 | - | ||||||||||||||||||||||
Commercial / Industrial | 0 | - | 0 | - | ||||||||||||||||||||||
Home Equity / Improvement | 4 | 52 | 4 | 52 | ||||||||||||||||||||||
Consumer Finance | 0 | - | 0 | - | ||||||||||||||||||||||
Total | 11 | $ | 813 | 12 | $ | 1,481 | ||||||||||||||||||||
The TDRs that subsequently defaulted described above decreased the allowance for loan losses by $10,000 for the three month period ended June 30, 2013, and by $12,000 for the six month period ended June 30, 2013. | ||||||||||||||||||||||||||
The terms of certain other loans were modified during the period ending June 30, 2014 that did not meet the definition of a TDR. The modification of these loans involved a modification of the terms of a loan to borrowers who were not experiencing financial difficulties. A total of 54 loans were modified under this definition during the three month period ended June 30, 2014 and a total of 75 loans were modified under this definition during the six month period ended June 30, 2014. | ||||||||||||||||||||||||||
In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed on the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. | ||||||||||||||||||||||||||
Credit Quality Indicators | ||||||||||||||||||||||||||
Loans are categorized into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. Loans are analyzed individually by classifying the loans as to credit risk. This analysis includes all non-homogenous loans, such as commercial and commercial real estate loans and certain homogenous mortgage, home equity and consumer loans. This analysis is performed on a quarterly basis. First Defiance uses the following definitions for risk ratings: | ||||||||||||||||||||||||||
Special Mention. Loans classified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution's credit position at some future date. | ||||||||||||||||||||||||||
Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. | ||||||||||||||||||||||||||
Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. | ||||||||||||||||||||||||||
Not Graded. Loans classified as not graded are generally smaller balance residential real estate, home equity and consumer installment loans which are originated primarily by using an automated underwriting system. These loans are monitored based on their delinquency status and are evaluated individually only if they are seriously delinquent. | ||||||||||||||||||||||||||
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. As of June 30, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (In Thousands): | ||||||||||||||||||||||||||
Class | Pass | Special | Substandard | Doubtful | Not | Total | ||||||||||||||||||||
Mention | Graded | |||||||||||||||||||||||||
1-4 Family Owner Occupied | $ | 4,229 | $ | 3 | $ | 1,905 | $ | 748 | $ | 129,047 | $ | 135,932 | ||||||||||||||
1-4 Family Non Owner Occupied | 51,624 | 1,721 | 5,016 | - | 6,006 | 64,367 | ||||||||||||||||||||
Total 1-4 Family Real Estate | 55,853 | 1,724 | 6,921 | 748 | 135,053 | 200,299 | ||||||||||||||||||||
Multi-Family Residential Real Estate | 149,083 | 228 | 890 | - | 939 | 151,140 | ||||||||||||||||||||
CRE Owner Occupied | 279,863 | 9,364 | 8,923 | - | 1,442 | 299,592 | ||||||||||||||||||||
CRE Non Owner Occupied | 204,659 | 9,081 | 16,020 | - | 35 | 229,795 | ||||||||||||||||||||
Agriculture Land | 81,931 | 2,020 | 1,147 | - | - | 85,098 | ||||||||||||||||||||
Other CRE | 35,692 | 63 | 2,875 | - | 680 | 39,310 | ||||||||||||||||||||
Total Commercial Real Estate | 602,145 | 20,528 | 28,965 | - | 2,157 | 653,795 | ||||||||||||||||||||
Construction | 55,920 | - | 262 | - | 10,392 | 66,574 | ||||||||||||||||||||
Commercial Working Capital | 137,596 | 5,046 | 3,017 | - | - | 145,659 | ||||||||||||||||||||
Commercial Other | 231,850 | 7,288 | 5,643 | - | - | 244,781 | ||||||||||||||||||||
Total Commercial | 369,446 | 12,334 | 8,660 | - | - | 390,440 | ||||||||||||||||||||
Home Equity and Home Improvement | - | - | 1,096 | 102 | 107,661 | 108,859 | ||||||||||||||||||||
Consumer Finance | - | - | 90 | - | 15,696 | 15,786 | ||||||||||||||||||||
Total Loans | $ | 1,232,447 | $ | 34,814 | $ | 46,884 | $ | 850 | $ | 271,898 | $ | 1,586,893 | ||||||||||||||
As of December 31, 2013, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (In Thousands): | ||||||||||||||||||||||||||
Class | Pass | Special | Substandard | Doubtful | Not | Total | ||||||||||||||||||||
Mention | Graded | |||||||||||||||||||||||||
1-4 Family Owner Occupied | $ | 4,287 | $ | 18 | $ | 3,515 | $ | - | $ | 121,765 | $ | 129,585 | ||||||||||||||
1-4 Family Non Owner Occupied | 51,660 | 2,894 | 5,699 | - | 6,359 | 66,612 | ||||||||||||||||||||
Total 1-4 Family Real Estate | 55,947 | 2,912 | 9,214 | - | 128,124 | 196,197 | ||||||||||||||||||||
Multi-Family Residential Real Estate | 145,407 | 875 | 1,888 | - | 964 | 149,134 | ||||||||||||||||||||
CRE Owner Occupied | 291,770 | 10,584 | 11,665 | - | 1,734 | 315,753 | ||||||||||||||||||||
CRE Non Owner Occupied | 200,790 | 10,254 | 17,185 | - | 91 | 228,320 | ||||||||||||||||||||
Agriculture Land | 80,418 | 578 | 1,051 | - | - | 82,047 | ||||||||||||||||||||
Other CRE | 40,676 | 2,074 | 3,104 | - | 731 | 46,585 | ||||||||||||||||||||
Total Commercial Real Estate | 613,654 | 23,490 | 33,005 | - | 2,556 | 672,705 | ||||||||||||||||||||
Construction | 43,465 | - | 263 | - | 10,002 | 53,730 | ||||||||||||||||||||
Commercial Working Capital | 148,703 | 3,429 | 3,660 | - | - | 155,792 | ||||||||||||||||||||
Commercial Other | 219,790 | 6,994 | 6,899 | - | - | 233,683 | ||||||||||||||||||||
Total Commercial | 368,493 | 10,423 | 10,559 | - | - | 389,475 | ||||||||||||||||||||
Home Equity and Home Improvement | - | - | 755 | 45 | 106,587 | 107,387 | ||||||||||||||||||||
Consumer Finance | - | - | 31 | - | 16,860 | 16,891 | ||||||||||||||||||||
Total Loans | $ | 1,226,966 | $ | 37,700 | $ | 55,715 | $ | 45 | $ | 265,093 | $ | 1,585,519 | ||||||||||||||
Mortgage_Banking
Mortgage Banking | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Mortgage Banking [Abstract] | ' | |||||||||||||
Mortgage Banking [Text Block] | ' | |||||||||||||
9. Mortgage Banking | ||||||||||||||
Net revenues from the sales and servicing of mortgage loans consisted of the following: | ||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||
June 30, | June 30, | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
(In Thousands) | (In Thousands) | |||||||||||||
Gain from sale of mortgage loans | $ | 986 | $ | 1,890 | $ | 1,628 | $ | 4,066 | ||||||
Mortgage loans servicing revenue (expense): | ||||||||||||||
Mortgage loans servicing revenue | 878 | 875 | 1,782 | 1,745 | ||||||||||
Amortization of mortgage servicing rights | -368 | -634 | -660 | -1,323 | ||||||||||
Mortgage servicing rights valuation adjustments | 44 | 312 | 37 | 785 | ||||||||||
554 | 553 | 1,159 | 1,207 | |||||||||||
Net revenue from sale and servicing of mortgage loans | $ | 1,540 | $ | 2,443 | $ | 2,787 | $ | 5,273 | ||||||
The unpaid principal balance of residential mortgage loans serviced for third parties was $1.4 billion at June 30, 2014 and December 31, 2013. | ||||||||||||||
Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three and six months ended June 30, 2014 and 2013: | ||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||
June 30, | June 30, | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
(In Thousands) | (In Thousands) | |||||||||||||
Mortgage servicing assets: | ||||||||||||||
Balance at beginning of period | $ | 10,048 | $ | 10,194 | $ | 10,133 | $ | 10,121 | ||||||
Loans sold, servicing retained | 313 | 674 | 520 | 1,436 | ||||||||||
Amortization | -368 | -634 | -660 | -1,323 | ||||||||||
Carrying value before valuation allowance at end of period | 9,993 | 10,234 | 9,993 | 10,234 | ||||||||||
Valuation allowance: | ||||||||||||||
Balance at beginning of period | -1,034 | -1,815 | -1,027 | -2,288 | ||||||||||
Impairment recovery (charges) | 44 | 312 | 37 | 785 | ||||||||||
Balance at end of period | -990 | -1,503 | -990 | -1,503 | ||||||||||
Net carrying value of MSRs at end of period | $ | 9,003 | $ | 8,731 | $ | 9,003 | $ | 8,731 | ||||||
Fair value of MSRs at end of period | $ | 9,584 | $ | 9,080 | $ | 9,584 | $ | 9,080 | ||||||
Amortization of mortgage servicing rights is computed based on payments and payoffs of the related mortgage loans serviced. Estimates of future amortization expense are not easily estimable. | ||||||||||||||
The Company established an accrual for estimated secondary market buy-back losses beginning in 2014. An accrual for secondary market buy-backs was established in the first and second quarters of 2014 totaling $184,000 for the first six months of 2014 which was partially offset by reversing $67,000 of accrued expenses in the first quarter of 2014 related to the Freddie Mac post-foreclosure review that began in the third quarter of 2013 and was reversed in 2014 with no losses resulting. This resulted in secondary market buy-back losses of $117,000 for the first six months of 2014 compared to $642,000 of expense for the same period in 2013. | ||||||||||||||
Included in the first six months of 2013 was an accrual for estimated secondary market buy-back losses of $581,000. These losses were accrued and expensed as of March 31, 2013 based on an estimated exposure to repurchase requests resulting from notifications received from Fannie Mae’s post-foreclosure review process during the first quarter of 2013. | ||||||||||||||
Deposits
Deposits | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Deposits [Abstract] | ' | |||||||
Deposit Liabilities Disclosures [Text Block] | ' | |||||||
10. Deposits | ||||||||
A summary of deposit balances is as follows: | ||||||||
June 30, | December 31, | |||||||
2014 | 2013 | |||||||
(In Thousands) | ||||||||
Non-interest-bearing checking accounts | $ | 355,268 | $ | 348,943 | ||||
Interest-bearing checking and money market accounts | 717,506 | 715,939 | ||||||
Savings accounts | 200,626 | 185,121 | ||||||
Retail certificates of deposit less than $100,000 | 299,288 | 313,335 | ||||||
Retail certificates of deposit greater than $100,000 | 169,124 | 172,454 | ||||||
Brokered or national certificates of deposit | - | - | ||||||
Total | $ | 1,741,812 | $ | 1,735,792 | ||||
Borrowings
Borrowings | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Subordinated Borrowings [Abstract] | ' | |||||||
Subordinated Borrowings Disclosure [Text Block] | ' | |||||||
11. Borrowings | ||||||||
First Defiance’s debt, FHLB advances and junior subordinated debentures owed to unconsolidated subsidiary trusts are comprised of the following: | ||||||||
June 30, | December 31, | |||||||
2014 | 2013 | |||||||
(In Thousands) | ||||||||
FHLB Advances: | ||||||||
Putable advances | 12,000 | $ | 12,000 | |||||
Amortizable mortgage advances | 10,034 | 10,520 | ||||||
Total | $ | 22,034 | $ | 22,520 | ||||
Junior subordinated debentures owed to unconsolidated subsidiary trusts | $ | 36,083 | $ | 36,083 | ||||
The putable advances can be put back to the Company at the option of the FHLB on a quarterly basis. At June 30, 2014, $12.0 million of the putable advances with a weighted average rate of 2.72% were not yet callable by the FHLB. The call dates for these advances range from July 14, 2014 to September 12, 2014 and the maturity dates range from January 14, 2015 to March 12, 2018. Putable advances are callable at the option of the FHLB on a quarterly basis. | ||||||||
In March 2007, the Company sponsored an affiliated trust, First Defiance Statutory Trust II (“Trust Affiliate II”) that issued $15 million of Guaranteed Capital Trust Securities (“Trust Preferred Securities”). In connection with this transaction, the Company issued $15.5 million of Junior Subordinated Deferrable Interest Debentures (“Subordinated Debentures”) to Trust Affiliate II. The Company formed Trust Affiliate II for the purpose of issuing Trust Preferred Securities to third-party investors and investing the proceeds from the sale of these capital securities solely in Subordinated Debentures of the Company. The Subordinated Debentures held by Trust Affiliate II are the sole assets of Trust Affiliate II. The Company is not considered the primary beneficiary of Trust Affiliate II (variable interest entity), therefore the trust is not consolidated in the Company’s financial statements, but rather the subordinated debentures are shown as a liability. Distributions on the Trust Preferred Securities issued by Trust Affiliate II are payable quarterly at a fixed rate equal to 6.441% for the first five years and a floating interest rate based on three-month LIBOR plus 1.5%. The Coupon rate payable on the Trust Preferred Securities issued by Trust Affiliate II was 1.73% as of June 30, 2014 and 1.75% as of December 31, 2013. | ||||||||
The Company also sponsored an affiliated trust, First Defiance Statutory Trust I (“Trust Affiliate I”), that issued $20 million of Trust Preferred Securities in 2005. In connection with this transaction, the Company issued $20.6 million of Subordinated Debentures to Trust Affiliate I. Trust Affiliate I was formed for the purpose of issuing Trust Preferred Securities to third-party investors and investing the proceeds from the sale of these capital securities solely in Subordinated Debentures of the Company. The Junior Debentures held by Trust Affiliate I are the sole assets of Trust Affiliate I. The Company is not considered the primary beneficiary of Trust Affiliate I (variable interest entity), therefore the trust is not consolidated in the Company’s financial statements, but rather the subordinated debentures are shown as a liability. Distributions on the Trust Preferred Securities issued by Trust Affiliate I are payable quarterly at a variable rate equal to the three-month LIBOR rate plus 1.38%. The Coupon rate payable on the Trust Preferred Securities issued by Trust Affiliate I was 1.61% and 1.63% on June 30, 2014 and December 31, 2013, respectively. | ||||||||
The Trust Preferred Securities issued by Trust Affiliate I and Trust Affiliate II are subject to mandatory redemption, in whole or part, upon repayment of the Subordinated Debentures. The Company has entered into agreements that fully and unconditionally guarantee the Trust Preferred Securities subject to the terms of the guarantees. The Trust Preferred Securities and Subordinated Debentures issued by Trust Affiliate I mature on December 15, 2035 but may be redeemed by the issuer at par after October 28, 2010. The Trust Preferred Securities issued by Trust Affiliate II mature on June 15, 2037, but may be redeemed at the Company’s option at any time on or after June 15, 2012, or at any time upon certain events. | ||||||||
Interest on both issues of trust preferred securities may be deferred for a period of up to five years at the option of the issuer. | ||||||||
Commitments_Guarantees_and_Con
Commitments, Guarantees and Contingent Liabilities | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||||
Commitments Contingencies and Guarantees [Text Block] | ' | |||||||||||||
12. Commitments, Guarantees and Contingent Liabilities | ||||||||||||||
Loan commitments are made to accommodate the financial needs of First Federal’s customers; however, there are no long-term, fixed-rate loan commitments that result in market risk. Standby letters of credit commit the Company to make payments on behalf of customers when certain specified future events occur. They primarily are issued to facilitate customers’ trade transactions. | ||||||||||||||
Both arrangements have credit risk, essentially the same as that involved in extending loans to customers, and are subject to the Company’s normal credit policies. Collateral (e.g., securities, receivables, inventory and equipment) is obtained based on management’s credit assessment of the customer. | ||||||||||||||
The Company’s maximum obligation to extend credit for loan commitments (unfunded loans and unused lines of credit) and standby letters of credit outstanding as of the periods stated below were as follows (In Thousands): | ||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||
Fixed Rate | Variable Rate | Fixed Rate | Variable Rate | |||||||||||
Commitments to make loans | $ | 47,963 | $ | 94,050 | $ | 57,914 | $ | 59,632 | ||||||
Unused lines of credit | 13,987 | 275,892 | 18,048 | 257,939 | ||||||||||
Standby letters of credit | - | 17,800 | - | 17,680 | ||||||||||
Total | $ | 61,950 | $ | 387,742 | $ | 75,962 | $ | 335,251 | ||||||
Commitments to make loans are generally made for periods of 60 days or less. | ||||||||||||||
In addition to the above commitments, First Defiance had commitments to sell $17.8 million and $12.1 million of loans to Freddie Mac, Fannie Mae, Federal Home Loan Bank of Cincinnati or BB&T Mortgage at June 30, 2014 and December 31, 2013, respectively. | ||||||||||||||
Income_Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Tax Disclosure [Text Block] | ' |
13. Income Taxes | |
The Company and its subsidiaries are subject to U.S. federal income tax as well as income tax in the state of Indiana. The Company is no longer subject to examination by taxing authorities for years before 2009. The Company currently operates primarily in the states of Ohio and Michigan, which tax financial institutions based on their equity rather than their income. | |
Derivative_Financial_Instrumen
Derivative Financial Instruments | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |||||||||||||||||||
14. Derivative Financial Instruments | ||||||||||||||||||||
Commitments to fund certain mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of mortgage loans to third party investors are considered derivatives. It is the Company’s practice to enter into forward commitments for the future delivery of residential mortgage loans when interest rate lock commitments are entered into in order to economically hedge the effect of changes in interest rates resulting from its commitments to fund the loans. These mortgage banking derivatives are not designated in hedge relationships. First Federal had approximately $6.6 million and $7.5 million of interest rate lock commitments at June 30, 2014 and December 31, 2013, respectively. There were $17.9 million and $12.1 million of forward commitments for the future delivery of residential mortgage loans at June 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||||||
The fair value of these mortgage banking derivatives are reflected by a derivative asset. The table below provides data about the carrying values of these derivative instruments: | ||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||
Assets | (Liabilities) | Assets | (Liabilities) | |||||||||||||||||
Derivative | Derivative | |||||||||||||||||||
Carrying | Carrying | Net Carrying | Carrying | Carrying | Net Carrying | |||||||||||||||
Value | Value | Value | Value | Value | Value | |||||||||||||||
(In Thousands) | ||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||
Mortgage Banking | ||||||||||||||||||||
Derivatives | $ | 580 | $ | -107 | $ | 473 | $ | 295 | $ | - | $ | 295 | ||||||||
The table below provides data about the amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments: | ||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||
(In Thousands) | (In Thousands) | |||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||
Mortgage Banking Derivatives – Gain (Loss) | $ | 128 | $ | -79 | $ | 178 | $ | -240 | ||||||||||||
The above amounts are included in mortgage banking income with gain on sale of mortgage loans. During the first quarter of 2014, management determined that a group of loans, previously classified as held for sale, were no longer sellable and transferred such loans back into the portfolio. As a result, a $5,000 loss related to a fair value adjustment on those loans was recorded in the second quarter of 2014. | ||||||||||||||||||||
Other_Comprehensive_Income_Los
Other Comprehensive Income (Loss) | 6 Months Ended | ||||||||||
Jun. 30, 2014 | |||||||||||
Other Comprehensive Income (Loss), Net Of Tax [Abstract] | ' | ||||||||||
Other Comprehensive Income Loss [Text Block] | ' | ||||||||||
15. Other Comprehensive Income (Loss) | |||||||||||
The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the table below. Reclassification adjustments related to securities available for sale are included in gains on sale or call of securities in the accompanying consolidated condensed statements of income. | |||||||||||
Before Tax | Tax Expense | Net of Tax | |||||||||
Amount | (Benefit) | Amount | |||||||||
Three months ended June 30, 2014: | |||||||||||
Securities available for sale and transferred securities: | |||||||||||
Change in net unrealized gain (loss) during the period | $ | 2,743 | $ | 936 | $ | 1,807 | |||||
Reclassification adjustment for net gains included in net income | -471 | -141 | -330 | ||||||||
Total other comprehensive loss | $ | 2,272 | $ | 795 | $ | 1,477 | |||||
Before Tax | Tax Expense | Net of Tax | |||||||||
Amount | (Benefit) | Amount | |||||||||
Six months ended June 30, 2014: | |||||||||||
Securities available for sale and transferred securities: | |||||||||||
Change in net unrealized gain (loss) during the period | $ | 4,465 | $ | 1,538 | $ | 2,927 | |||||
Reclassification adjustment for net gains included in net income | -471 | -141 | -330 | ||||||||
Total other comprehensive loss | $ | 3,994 | $ | 1,397 | $ | 2,597 | |||||
Before Tax | Tax Expense | Net of Tax | |||||||||
Amount | (Benefit) | Amount | |||||||||
Three months ended June 30, 2013: | |||||||||||
Securities available for sale and transferred securities: | |||||||||||
Change in net unrealized gain/loss during the period | $ | -5,500 | $ | -1,927 | $ | -3,573 | |||||
Reclassification adjustment for net gains included in net income | -44 | -13 | -31 | ||||||||
Total other comprehensive loss | $ | -5,544 | $ | -1,940 | $ | -3,604 | |||||
Before Tax | Tax Expense | Net of Tax | |||||||||
Amount | (Benefit) | Amount | |||||||||
Six months ended June 30, 2013: | |||||||||||
Securities available for sale and transferred securities: | |||||||||||
Change in net unrealized gain/loss during the period | $ | -6,164 | $ | -2,162 | $ | -4,002 | |||||
Reclassification adjustment for net gains included in net income | -97 | -29 | -68 | ||||||||
Total other comprehensive loss | $ | -6,261 | $ | -2,191 | $ | -4,070 | |||||
Activity in accumulated other comprehensive income (loss), net of tax, was as follows: | |||||||||||
Accumulated | |||||||||||
Securities | Post- | Other | |||||||||
Available | retirement | Comprehensive | |||||||||
For Sale | Benefit | Income | |||||||||
Balance January 1, 2014 | $ | 906 | $ | -361 | $ | 545 | |||||
Other comprehensive loss before reclassifications | 2,927 | - | 2,927 | ||||||||
Amounts reclassified from accumulated other comprehensive loss | -330 | - | -330 | ||||||||
Net other comprehensive loss during period | 2,597 | - | 2,597 | ||||||||
Balance June 30, 2014 | $ | 3,503 | $ | -361 | $ | 3,142 | |||||
Balance January 1, 2013 | $ | 4,851 | $ | -577 | $ | 4,274 | |||||
Other comprehensive loss before reclassifications | -4,002 | - | -4,002 | ||||||||
Amounts reclassified from accumulated other comprehensive loss | -68 | - | -68 | ||||||||
Net other comprehensive loss during period | -4,070 | - | -4,070 | ||||||||
Balance June 30, 2013 | $ | 781 | $ | -577 | $ | 204 | |||||
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Use of Estimates, Policy [Policy Text Block] | ' |
Use of Estimates | |
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Significant areas where First Defiance uses estimates are the valuation of certain investment securities, the determination of the allowance for loan losses, the valuation of mortgage servicing rights and goodwill, the determination of unrecognized income tax benefits and the fair value of financial instruments. | |
Earnings Per Share, Policy [Policy Text Block] | ' |
Earnings Per Common Share | |
Basic earnings per common share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. All outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends are considered participating securities for the calculation. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options, warrants, restricted stock awards and stock grants. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Newly Adopted Accounting Standard | |
In January 2014, the FASB issued ASU 2014-01, "Accounting for Investments in Qualified Affordable Housing Projects." ASU 2014-01 applies to all reporting entities that invest in qualified affordable housing projects through limited liability entities. The pronouncement permits reporting entities to make an accounting policy election to account for these investments using the proportional amortization method if certain conditions exist. The pronouncement also requires disclosure that enables users of its financial statements to understand the nature of these investments. 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 pronouncement should be applied retrospectively for all periods presented, effective for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company elected to early adopt ASU 2014-01 and such adoption did not have a material impact on the Company’s Consolidated Financial Statements. As of June 30, 2014, the Company had $3.8 million in qualified investments recorded in other assets, $2.3 million in unfunded commitments recorded in other liabilities and $84,000 of tax credits (benefit) recorded in federal income taxes. | |
Description Of New Accounting Pronouncements Not Yet Adopted [Policy Text Block] | ' |
Newly Issued but Not Yet Effective Accounting Standards | |
In January 2014, the FASB issued ASU 2014-04, “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” The objective of the amendments in ASU 2014-04 to Topic 310, “Receivables - Troubled Debt Restructurings by Creditors,” is to reduce diversity by clarifying when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. An entity can elect to adopt the amendments using either a modified retrospective transition method or a prospective transition method. Early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s Consolidated Financial Statements. | |
In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 relates to the recognition of revenue from contracts with customers. The new revenue pronouncement creates a single source of revenue guidance for all companies in all industries and is more principles-based than current revenue guidance. The pronouncement provides a five-step model for a company to recognize revenue when it transfers control of goods or services to customers at an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services. The five steps are (1) identify the contract with the customer, (2) identify the separate performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the separate performance obligations and (5) recognize revenue when each performance obligation is satisfied. The pronouncement is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2016 using either a full retrospective approach for all periods presented in the period of adoption or a modified retrospective approach. Early adoption is not permitted. The Company is currently evaluating the impact of the adoption of this pronouncement on its Consolidated Financial Statements. | |
In June 2014, the FASB issued ASU No. 2014-12, "Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period." The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718, Compensation - Stock Compensation, as it relates to awards with performance conditions that affect vesting to account for such awards. The performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. The amendments in this ASU are effective for interim or annual reporting periods beginning after December 15, 2015; early adoption is permitted. Entities may apply the amendments in this ASU either: (1) prospectively to all awards granted or modified after the effective date; or (2) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The adoption of ASU No. 2014-12 is not expected to have a material impact on the Company's Consolidated Financial Statements. | |
Fair_Value_Tables
Fair Value (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
The following table summarizes the financial assets measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||||||||||||
Assets and Liabilities Measured on a Recurring Basis | |||||||||||||||||
June 30, 2014 | Level 1 | Level 2 | Level 3 | Total Fair | |||||||||||||
Inputs | Inputs | Inputs | Value | ||||||||||||||
(In Thousands) | |||||||||||||||||
Available for sale securities: | |||||||||||||||||
Obligations of U.S. Government corporations and agencies | $ | - | $ | 5,002 | $ | - | $ | 5,002 | |||||||||
Mortgage-backed - residential | - | 49,191 | - | 49,191 | |||||||||||||
Collateralized mortgage obligations | - | 79,454 | - | 79,454 | |||||||||||||
REMIC | - | 1,957 | - | 1,957 | |||||||||||||
Corporate bonds | - | 6,990 | - | 6,990 | |||||||||||||
Obligations of state and political subdivisions | - | 89,695 | - | 89,695 | |||||||||||||
Mortgage banking derivative – asset | - | 580 | - | 580 | |||||||||||||
Mortgage banking derivative - liability | - | -107 | - | -107 | |||||||||||||
December 31, 2013 | Level 1 | Level 2 | Level 3 | Total Fair | |||||||||||||
Inputs | Inputs | Inputs | Value | ||||||||||||||
(In Thousands) | |||||||||||||||||
Available for sale securities: | |||||||||||||||||
Obligations of U.S. Government corporations and agencies | $ | - | $ | 4,921 | $ | - | $ | 4,921 | |||||||||
Mortgage-backed - residential | - | 41,292 | - | 41,292 | |||||||||||||
Collateralized mortgage obligations | - | 59,841 | - | 59,841 | |||||||||||||
Trust preferred stock | 1,654 | - | 582 | 2,236 | |||||||||||||
Preferred stock | 718 | - | - | 718 | |||||||||||||
Corporate bonds | - | 8,942 | - | 8,942 | |||||||||||||
Obligations of state and political subdivisions | - | 80,220 | 80,220 | ||||||||||||||
Mortgage banking derivative - asset | - | 295 | - | 295 | |||||||||||||
Mortgage banking derivative - liability | - | - | - | - | |||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | ' | ||||||||||||||||
The table below presents a reconciliation and income classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2014 and 2013: | |||||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Beginning balance, January 1, 2014 | $ | 582 | |||||||||||||||
Total gains or (losses) (realized/unrealized) | |||||||||||||||||
Included in earnings (realized) | -329 | ||||||||||||||||
Included in other comprehensive income (presented gross of taxes) | 993 | ||||||||||||||||
Amortization | - | ||||||||||||||||
Sales | -1,246 | ||||||||||||||||
Transfers in and/or out of Level 3 | - | ||||||||||||||||
Ending balance, June 30, 2014 | $ | - | |||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Beginning balance, April 1, 2014 | $ | 704 | |||||||||||||||
Total gains or (losses) (realized/unrealized) | |||||||||||||||||
Included in earnings (realized) | -329 | ||||||||||||||||
Included in other comprehensive income (presented gross of taxes) | 871 | ||||||||||||||||
Amortization | - | ||||||||||||||||
Sales | -1,246 | ||||||||||||||||
Transfers in and/or out of Level 3 | - | ||||||||||||||||
Ending balance, June 30, 2014 | $ | - | |||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Beginning balance, January 1, 2013 | $ | 1,474 | |||||||||||||||
Total gains or (losses) (realized/unrealized) | |||||||||||||||||
Included in earnings (realized) | - | ||||||||||||||||
Included in other comprehensive income (presented gross of taxes) | 262 | ||||||||||||||||
Amortization | - | ||||||||||||||||
Sales | - | ||||||||||||||||
Transfers in and/or out of Level 3 | - | ||||||||||||||||
Ending balance, June 30, 2013 | $ | 1,736 | |||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Beginning balance, April 1, 2013 | $ | 1,651 | |||||||||||||||
Total gains or (losses) (realized/unrealized) | |||||||||||||||||
Included in earnings (realized) | - | ||||||||||||||||
Included in other comprehensive income (presented gross of taxes) | 85 | ||||||||||||||||
Amortization | - | ||||||||||||||||
Sales | - | ||||||||||||||||
Transfers in and/or out of Level 3 | - | ||||||||||||||||
Ending balance, June 30, 2013 | $ | 1,736 | |||||||||||||||
Schedule of Fair Value, Assets Measured on Non Recurring Basis [Table Text Block] | ' | ||||||||||||||||
The following table summarizes the financial assets measured at fair value on a non-recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||||||||||||
Assets and Liabilities Measured on a Non-Recurring Basis | |||||||||||||||||
June 30, 2014 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total Fair | |||||||||||||
Value | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Impaired loans | |||||||||||||||||
Residential Loans | $ | - | $ | - | $ | 519 | $ | 519 | |||||||||
Commercial Loans | - | - | 1,068 | 1,068 | |||||||||||||
Multi Family Loans | - | - | 303 | 303 | |||||||||||||
Home Equity Loans | - | - | 102 | 102 | |||||||||||||
CRE Loans | - | - | 7,512 | 7,512 | |||||||||||||
Total impaired loans | - | - | 9,504 | 9,504 | |||||||||||||
Mortgage servicing rights | - | 1,173 | - | 1,173 | |||||||||||||
Real estate held for sale | |||||||||||||||||
Residential Loans | - | - | - | - | |||||||||||||
CRE loans | - | - | 489 | 489 | |||||||||||||
Total Real Estate held for sale | - | - | 489 | 489 | |||||||||||||
December 31, 2013 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total Fair | |||||||||||||
Value | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Impaired loans | |||||||||||||||||
Residential Loans | $ | - | $ | - | $ | 259 | $ | 259 | |||||||||
Multi Family Residential | - | - | 338 | 338 | |||||||||||||
Home Equity Loans | - | - | 531 | 531 | |||||||||||||
CRE Loans | - | - | 9,590 | 9,590 | |||||||||||||
Total impaired loans | - | - | 10,718 | 10,718 | |||||||||||||
Mortgage servicing rights | - | 1,370 | - | 1,370 | |||||||||||||
Real estate held for sale | |||||||||||||||||
Residential | - | - | 112 | 112 | |||||||||||||
CRE | - | - | 1,278 | 1,278 | |||||||||||||
Total Real Estate held for sale | - | - | 1,390 | 1,390 | |||||||||||||
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] | ' | ||||||||||||||||
For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of June 30, 2014, the significant unobservable inputs used in the fair value measurements were as follows: | |||||||||||||||||
Fair | Valuation Technique | Unobservable Inputs | Range of | Weighted | |||||||||||||
Value | Inputs | Average | |||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Impaired Loans- Applies to all loan classes | $ | 9,504 | Appraisals which utilize sales comparison, net income and cost approach | Discounts for collection issues and changes in market conditions | 0-10 | % | 10 | % | |||||||||
Real estate held for sale – Applies to all classes | $ | 489 | Appraisals which utilize sales comparison, net income and cost approach | Discounts for changes in market conditions | 0-20 | % | 20 | % | |||||||||
For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of December 31, 2013, the significant unobservable inputs used in the fair value measurements were as follows: | |||||||||||||||||
Fair | Valuation Technique | Unobservable Inputs | Range of | Weighted | |||||||||||||
Value | Inputs | Average | |||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Trust preferred stock | $ | 582 | Discounted cash flow | Constant prepayment rate | 40 | % | 40 | % | |||||||||
Expected asset default | 0-30 | % | 15 | % | |||||||||||||
Expected recoveries | 15-Oct | % | 10 | % | |||||||||||||
Impaired Loans- Applies to all loan classes | $ | 10,718 | Appraisals which utilize sales comparison, net income and cost approach | Discounts for collection issues and changes in market conditions | 0-10 | % | 10 | % | |||||||||
Real estate held for sale – Applies to all classes | $ | 1,390 | Appraisals which utilize sales comparison, net income and cost approach | Discounts for changes in market conditions | 0-20 | % | 20 | % | |||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||
FHLB advances with maturities greater than 90 days are valued based on discounted cash flow analysis, using interest rates currently being quoted for similar characteristics and maturities resulting in a Level 2 classification. The cost or value of any call or put options is based on the estimated cost to settle the option at June 30, 2014. | |||||||||||||||||
Fair Value Measurements at June 30, 2014 | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Carrying | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Value | |||||||||||||||||
Financial Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 156,246 | $ | 156,246 | $ | 156,246 | $ | - | $ | - | |||||||
Investment securities | 232,619 | 232,622 | - | 232,622 | - | ||||||||||||
Federal Home Loan Bank Stock | 13,802 | N/A | N/A | N/A | N/A | ||||||||||||
Loans, net, including loans held for sale | 1,564,681 | 1,572,926 | - | 7,665 | 1,565,261 | ||||||||||||
Accrued interest receivable | 5,730 | 5,730 | - | 813 | 4,917 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Deposits | $ | 1,741,812 | $ | 1,743,793 | $ | 355,268 | $ | 1,388,525 | $ | - | |||||||
Advances from Federal Home Loan Bank | 22,034 | 22,290 | - | 22,290 | - | ||||||||||||
Securities sold under repurchase agreements | 52,455 | 52,455 | - | 52,455 | - | ||||||||||||
Subordinated debentures | 36,083 | 35,256 | - | - | 35,256 | ||||||||||||
Fair Value Measurements at December 31, 2013 | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Carrying | Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Value | |||||||||||||||||
Financial Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 179,318 | $ | 179,318 | $ | 179,318 | $ | - | $ | - | |||||||
Investment securities | 198,557 | 198,563 | 2,372 | 195,609 | 582 | ||||||||||||
Federal Home Loan Bank Stock | 19,350 | N/A | N/A | N/A | N/A | ||||||||||||
Loans, net, including loans held for sale | 1,564,618 | 1,568,929 | - | 9,140 | 1,559,789 | ||||||||||||
Accrued interest receivable | 5,778 | 5,778 | 4 | 696 | 5,078 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Deposits | $ | 1,735,792 | $ | 1,738,216 | $ | 348,943 | $ | 1,389,273 | $ | - | |||||||
Advances from Federal Home Loan Bank | 22,520 | 22,713 | - | 22,713 | - | ||||||||||||
Securities sold under repurchase agreements | 51,919 | 51,919 | - | 51,919 | - | ||||||||||||
Subordinated debentures | 36,083 | 35,237 | - | - | 35,237 | ||||||||||||
Stock_Compensation_Plans_Table
Stock Compensation Plans (Tables) | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] | ' | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block] | ' | |||||||||||||
The fair value of stock options granted during the six months ended June 30, 2014 was determined at the date of grant using the Black-Scholes stock option-pricing model and the following assumptions: | ||||||||||||||
Six Months ended | ||||||||||||||
June 30, 2014 | ||||||||||||||
Expected average risk-free rate | 1.64 | % | ||||||||||||
Expected average life | 7.44 years | |||||||||||||
Expected volatility | 44.62 | % | ||||||||||||
Expected dividend yield | 2.17 | % | ||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||||||||
Following is activity under the plans during the six months ended June 30, 2014: | ||||||||||||||
Stock options | Options | Weighted | Weighted | Aggregate | ||||||||||
Outstanding | Average | Average | Intrinsic | |||||||||||
Exercise Price | Remaining | Value | ||||||||||||
Contractual | (in 000’s) | |||||||||||||
Term (in years) | ||||||||||||||
Options outstanding, January 1, 2014 | 251,020 | $ | 20.76 | |||||||||||
Forfeited or cancelled | -34,100 | 26.72 | ||||||||||||
Exercised | -26,900 | 16.09 | ||||||||||||
Granted | 500 | 27.59 | ||||||||||||
Options outstanding, June 30, 2014 | 190,520 | $ | 20.37 | 3.08 | $ | 1,587 | ||||||||
Vested or expected to vest at June 30, 2014 | 190,520 | $ | 20.37 | 3.08 | $ | 1,587 | ||||||||
Exercisable at June 30, 2014 | 190,020 | $ | 20.35 | 3.07 | $ | 1,586 | ||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | ' | |||||||||||||
Restricted Stock Units | Stock Grants | |||||||||||||
Weighted-Average | Weighted-Average | |||||||||||||
Grant Date | Grant Date | |||||||||||||
Unvested Shares | Shares | Fair Value | Shares | Fair Value | ||||||||||
Unvested at January 1, 2014 | 106,061 | $ | 18.66 | - | $ | - | ||||||||
Granted | 30,538 | 25.77 | 13,087 | 21.87 | ||||||||||
Vested | -7,320 | 18.63 | -7,320 | 18.63 | ||||||||||
Forfeited | -37,467 | 18.71 | - | - | ||||||||||
Unvested at June 30, 2014 | 91,812 | $ | 21 | 5,767 | $ | 25.97 | ||||||||
Earnings_Per_Common_Share_Tabl
Earnings Per Common Share (Tables) | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | |||||||||||||
The following table sets forth the computation of basic and diluted earnings per common share (In Thousands except per share data): | ||||||||||||||
Three months ended | Six months ended | |||||||||||||
June 30, | June 30, | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
Numerator for basic and diluted earnings per common share – Net income | $ | 5,689 | $ | 6,109 | $ | 10,868 | $ | 11,668 | ||||||
Denominator: | ||||||||||||||
Denominator for basic earnings per common share – weighted average common shares, including participating securities | 9,607 | 9,774 | 9,644 | 9,755 | ||||||||||
Effect of warrants | 350 | 306 | 345 | 301 | ||||||||||
Effect of restricted stock units | 56 | 27 | 54 | 23 | ||||||||||
Effect of employee stock options | 53 | 49 | 53 | 51 | ||||||||||
Denominator for diluted earnings per common share share | 10,066 | 10,156 | 10,096 | 10,130 | ||||||||||
Basic earnings per common share | $ | 0.59 | $ | 0.63 | $ | 1.13 | $ | 1.2 | ||||||
Diluted earnings per common share | $ | 0.57 | $ | 0.6 | $ | 1.08 | $ | 1.15 | ||||||
Investment_Securities_Tables
Investment Securities (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Marketable Securities [Abstract] | ' | |||||||||||||||||||
Schedule of Available-for-sale and Held to Maturity Securities [Table Text Block] | ' | |||||||||||||||||||
The following is a summary of available-for-sale and held-to-maturity securities: | ||||||||||||||||||||
Amortized | Gross | Gross | ||||||||||||||||||
Unrealized | Unrealized | |||||||||||||||||||
Cost | Gains | Losses | Fair Value | |||||||||||||||||
(In Thousands) | ||||||||||||||||||||
At June 30, 2014 | ||||||||||||||||||||
Available-for-Sale Securities: | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 5,000 | $ | 24 | $ | -22 | $ | 5,002 | ||||||||||||
Mortgage-backed securities – residential | 48,569 | 971 | -349 | 49,191 | ||||||||||||||||
Collateralized mortgage obligations | 79,161 | 977 | -684 | 79,454 | ||||||||||||||||
REMICs | 1,940 | 17 | - | 1,957 | ||||||||||||||||
Corporate bonds | 6,884 | 122 | -16 | 6,990 | ||||||||||||||||
Obligations of state and political subdivisions | 85,347 | 4,508 | -160 | 89,695 | ||||||||||||||||
Totals | $ | 226,901 | $ | 6,619 | $ | -1,231 | $ | 232,289 | ||||||||||||
Amortized | Gross | Gross | Fair Value | |||||||||||||||||
Cost | Unrecognized | Unrecognized | ||||||||||||||||||
Gains | Losses | |||||||||||||||||||
(In Thousands) | ||||||||||||||||||||
Held-to-Maturity Securities*: | ||||||||||||||||||||
FHLMC certificates | $ | 29 | $ | - | $ | - | $ | 29 | ||||||||||||
FNMA certificates | 102 | 2 | - | 104 | ||||||||||||||||
GNMA certificates | 44 | 1 | - | 45 | ||||||||||||||||
Obligations of state and political subdivisions | 155 | - | - | 155 | ||||||||||||||||
Totals | $ | 330 | $ | 3 | $ | - | $ | 333 | ||||||||||||
Gross | Gross | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||||
(In Thousands) | ||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||
Available-for-Sale Securities: | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 5,000 | $ | - | $ | -79 | $ | 4,921 | ||||||||||||
Mortgage-backed securities - residential | 41,368 | 765 | -841 | 41,292 | ||||||||||||||||
Collateralized mortgage obligations | 59,865 | 739 | -763 | 59,841 | ||||||||||||||||
Trust preferred stock and preferred stock | 3,264 | 683 | -993 | 2,954 | ||||||||||||||||
Corporate bonds | 8,854 | 129 | -41 | 8,942 | ||||||||||||||||
Obligations of state and political subdivisions | 78,426 | 2,704 | -910 | 80,220 | ||||||||||||||||
Total Available-for-Sale | $ | 196,777 | $ | 5,020 | $ | -3,627 | $ | 198,170 | ||||||||||||
Amortized Cost | Gross | Gross | Fair Value | |||||||||||||||||
Unrecognized | Unrecognized | |||||||||||||||||||
Gains | Losses | |||||||||||||||||||
(In Thousands) | ||||||||||||||||||||
Held-to-Maturity Securities*: | ||||||||||||||||||||
FHLMC certificates | $ | 31 | $ | - | $ | - | $ | 31 | ||||||||||||
FNMA certificates | 120 | 4 | - | 124 | ||||||||||||||||
GNMA certificates | 50 | 2 | - | 52 | ||||||||||||||||
Obligations of states and political subdivisions | 186 | - | - | 186 | ||||||||||||||||
Total Held-to-Maturity | $ | 387 | $ | 6 | $ | - | $ | 393 | ||||||||||||
* FHLMC, FNMA, and GNMA certificates are residential mortgage-backed securities. | ||||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | |||||||||||||||||||
For purposes of the maturity table, mortgage-backed securities (“MBS”) and collateralized mortgage obligations (“CMO”), which are not due at a single maturity date, have not been allocated over the maturity groupings. These securities may mature earlier than their weighted-average contractual maturities because of principal prepayments. | ||||||||||||||||||||
Available-for-Sale | Held-to-Maturity | |||||||||||||||||||
Amortized | Fair | Amortized | Fair | |||||||||||||||||
Cost | Value | Cost | Value | |||||||||||||||||
(In Thousands) | ||||||||||||||||||||
Due in one year or less | $ | 1,007 | $ | 1,017 | $ | - | $ | - | ||||||||||||
Due after one year through five years | 9,398 | 9,691 | 155 | 155 | ||||||||||||||||
Due after five years through ten years | 38,245 | 40,045 | - | - | ||||||||||||||||
Due after ten years | 48,581 | 50,934 | - | - | ||||||||||||||||
MBS/CMO | 129,670 | 130,602 | 175 | 178 | ||||||||||||||||
$ | 226,901 | $ | 232,289 | $ | 330 | $ | 333 | |||||||||||||
Unrealized Gain (Loss) on Investments [Table Text Block] | ' | |||||||||||||||||||
The following tables summarize First Defiance’s securities that were in an unrealized loss position at June 30, 2014 and December 31, 2013: | ||||||||||||||||||||
Duration of Unrealized Loss Position | ||||||||||||||||||||
Less than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||
Gross | Gross | |||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||
Value | Loss | Value | Loss | Value | Loses | |||||||||||||||
(In Thousands) | ||||||||||||||||||||
At June 30, 2014 | ||||||||||||||||||||
Available-for-sale securities: | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | - | $ | - | $ | 978 | $ | -22 | $ | 978 | $ | -22 | ||||||||
Mortgage-backed securities - residential | 5,723 | -25 | 18,641 | -324 | 24,364 | -349 | ||||||||||||||
Collateralized mortgage obligations | 21,077 | -321 | 12,646 | -363 | 33,723 | -684 | ||||||||||||||
Obligations of state and political subdivisions | 1,379 | -29 | 8,798 | -131 | 10,177 | -160 | ||||||||||||||
Corporate bonds | - | - | 984 | -16 | 984 | -16 | ||||||||||||||
Total temporarily impaired securities | $ | 28,179 | $ | -375 | $ | 42,047 | $ | -856 | $ | 70,226 | $ | -1,231 | ||||||||
Duration of Unrealized Loss Position | ||||||||||||||||||||
Less than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||
Gross | Gross | |||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||
Value | Loss | Value | Loss | Value | Loses | |||||||||||||||
(In Thousands) | ||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||
Available-for-sale securities: | ||||||||||||||||||||
Obligations of U.S. government corporations and agencies | $ | 4,921 | $ | -79 | $ | - | $ | - | $ | 4,921 | $ | -79 | ||||||||
Mortgage-backed securities - residential | 24,846 | -841 | - | - | 24,846 | -841 | ||||||||||||||
Collateralized mortgage obligations | 26,530 | -763 | - | - | 26,530 | -763 | ||||||||||||||
Corporate bonds | 2,959 | -41 | - | - | 2,959 | -41 | ||||||||||||||
Obligations of state and political subdivisions | 19,209 | -871 | 375 | -39 | 19,584 | -910 | ||||||||||||||
Trust preferred stock and preferred stock | - | - | 582 | -993 | 582 | -993 | ||||||||||||||
Total temporarily impaired securities | $ | 78,465 | $ | -2,595 | $ | 957 | $ | -1,032 | $ | 79,422 | $ | -3,627 | ||||||||
Marketable Securities [Table Text Block] | ' | |||||||||||||||||||
The proceeds from the sales and calls of securities and the associated gains are listed below: | ||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||
(In Thousands) | ||||||||||||||||||||
Proceeds | $ | 2,128 | $ | 3,008 | $ | 3,782 | $ | 4,027 | ||||||||||||
Gross realized gains | 1,113 | 43 | 1,113 | 97 | ||||||||||||||||
Gross realized losses | -642 | - | -642 | - | ||||||||||||||||
Loans_Tables
Loans (Tables) | 6 Months Ended | |||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||
Loans Receivable, Net [Abstract] | ' | |||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | |||||||||||||||||||||||||
Loans receivable consist of the following: | ||||||||||||||||||||||||||
June 30, | December 31, | |||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||
(In Thousands) | ||||||||||||||||||||||||||
Real Estate: | ||||||||||||||||||||||||||
Secured by 1-4 family residential | $ | 199,886 | $ | 195,752 | ||||||||||||||||||||||
Secured by multi-family residential | 151,008 | 148,952 | ||||||||||||||||||||||||
Secured by commercial real estate | 650,915 | 670,666 | ||||||||||||||||||||||||
Construction | 108,478 | 86,058 | ||||||||||||||||||||||||
1,110,287 | 1,101,428 | |||||||||||||||||||||||||
Other Loans: | ||||||||||||||||||||||||||
Commercial | 390,055 | 388,236 | ||||||||||||||||||||||||
Home equity and improvement | 108,460 | 106,930 | ||||||||||||||||||||||||
Consumer Finance | 15,800 | 16,902 | ||||||||||||||||||||||||
514,315 | 512,068 | |||||||||||||||||||||||||
Total loans | 1,624,602 | 1,613,496 | ||||||||||||||||||||||||
Deduct: | ||||||||||||||||||||||||||
Undisbursed loan funds | -41,874 | -32,290 | ||||||||||||||||||||||||
Net deferred loan origination fees and costs | -744 | -758 | ||||||||||||||||||||||||
Allowance for loan loss | -24,627 | -24,950 | ||||||||||||||||||||||||
Totals | $ | 1,557,357 | $ | 1,555,498 | ||||||||||||||||||||||
Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets [Table Text Block] | ' | |||||||||||||||||||||||||
The following table discloses allowance for loan loss activity for the quarter ended June 30, 2014 and June 30, 2013 by portfolio segment and impairment method (In Thousands): | ||||||||||||||||||||||||||
Quarter Ended June 30, 2014 | 1-4 Family | Multi- Family | Commercial | Construction | Commercial | Home Equity | Consumer | Total | ||||||||||||||||||
Residential | Residential | Real Estate | and | Finance | ||||||||||||||||||||||
Real Estate | Real Estate | Improvement | ||||||||||||||||||||||||
Beginning Allowance | $ | 2,639 | $ | 2,615 | $ | 11,987 | $ | 138 | $ | 5,610 | $ | 1,647 | $ | 147 | $ | 24,783 | ||||||||||
Charge-Offs | -42 | 0 | -39 | 0 | -973 | -80 | -12 | -1,146 | ||||||||||||||||||
Recoveries | 98 | 2 | 200 | 0 | 173 | 55 | 16 | 544 | ||||||||||||||||||
Provisions | -350 | -137 | -672 | 61 | 1,389 | 158 | -3 | 446 | ||||||||||||||||||
Ending Allowance | $ | 2,345 | $ | 2,480 | $ | 11,476 | $ | 199 | $ | 6,199 | $ | 1,780 | $ | 148 | $ | 24,627 | ||||||||||
Quarter Ended June 30, 2013 | 1-4 Family | Multi- Family | Commercial | Construction | Commercial | Home Equity | Consumer | Total | ||||||||||||||||||
Residential | Residential | Real Estate | and | Finance | ||||||||||||||||||||||
Real Estate | Real Estate | Improvement | ||||||||||||||||||||||||
Beginning Allowance | $ | 3,433 | $ | 2,410 | $ | 13,367 | $ | 67 | $ | 5,304 | $ | 1,723 | $ | 155 | $ | 26,459 | ||||||||||
Charge-Offs | -184 | -6 | -277 | 0 | -316 | -170 | -8 | -961 | ||||||||||||||||||
Recoveries | 33 | 0 | 167 | 0 | 57 | 38 | 29 | 324 | ||||||||||||||||||
Provisions | -85 | 21 | -117 | 16 | 429 | 195 | -11 | 448 | ||||||||||||||||||
Ending Allowance | $ | 3,197 | $ | 2,425 | $ | 13,140 | $ | 83 | $ | 5,474 | $ | 1,786 | $ | 165 | $ | 26,270 | ||||||||||
The following table discloses allowance for loan loss activity for the year-to-date ended June 30, 2014 and June 30, 2013 by portfolio segment and impairment method (In Thousands): | ||||||||||||||||||||||||||
Year-to-date Ended June 30, | 1-4 Family | Multi- Family | Commercial | Construction | Commercial | Home Equity | Consumer | Total | ||||||||||||||||||
2014 | Residential | Residential | Real Estate | and | ||||||||||||||||||||||
Real Estate | Real Estate | Improvement | ||||||||||||||||||||||||
Beginning Allowance | $ | 2,847 | $ | 2,508 | $ | 12,000 | $ | 134 | $ | 5,678 | $ | 1,635 | $ | 148 | $ | 24,950 | ||||||||||
Charge-Offs | -270 | 0 | -267 | 0 | -1,498 | -264 | -23 | -2,322 | ||||||||||||||||||
Recoveries | 154 | 5 | 922 | 0 | 249 | 86 | 34 | 1,450 | ||||||||||||||||||
Provisions | -386 | -33 | -1,179 | 65 | 1,770 | 323 | -11 | 549 | ||||||||||||||||||
Ending Allowance | $ | 2,345 | $ | 2,480 | $ | 11,476 | $ | 199 | $ | 6,199 | $ | 1,780 | $ | 148 | $ | 24,627 | ||||||||||
Year-to-date Ended June 30, | 1-4 Family | Multi- Family | Commercial | Construction | Commercial | Home Equity | Consumer | Total | ||||||||||||||||||
2013 | Residential | Residential | Real Estate | and | ||||||||||||||||||||||
Real Estate | Real Estate | Improvement | ||||||||||||||||||||||||
Beginning Allowance | $ | 3,506 | $ | 2,197 | $ | 12,702 | $ | 75 | $ | 6,325 | $ | 1,759 | $ | 147 | $ | 26,711 | ||||||||||
Charge-Offs | -390 | -6 | -543 | 0 | -521 | -442 | -54 | -1,956 | ||||||||||||||||||
Recoveries | 132 | 0 | 268 | 0 | 133 | 61 | 48 | 642 | ||||||||||||||||||
Provisions | -51 | 234 | 713 | 8 | -463 | 408 | 24 | 873 | ||||||||||||||||||
Ending Allowance | $ | 3,197 | $ | 2,425 | $ | 13,140 | $ | 83 | $ | 5,474 | $ | 1,786 | $ | 165 | $ | 26,270 | ||||||||||
Schedule of Allowance for Loan Losses and Recorded Investment in Portfolio Segment Based on Impairment [Table Text Block] | ' | |||||||||||||||||||||||||
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2014: (In Thousands) | ||||||||||||||||||||||||||
1-4 Family | Multi- Family | |||||||||||||||||||||||||
Residential | Residential | Commercial | Home Equity | Consumer | ||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Construction | Commercial | & Improvement | Finance | Total | |||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 182 | $ | - | $ | 1,129 | $ | - | $ | 23 | $ | 24 | $ | - | $ | 1,358 | ||||||||||
Collectively evaluated for impairment | 2,163 | 2,480 | 10,347 | 199 | 6,176 | 1,756 | 148 | 23,269 | ||||||||||||||||||
Acquired with deteriorated credit quality | - | - | - | - | - | - | - | - | ||||||||||||||||||
Total ending allowance balance | $ | 2,345 | $ | 2,480 | $ | 11,476 | $ | 199 | $ | 6,199 | $ | 1,780 | $ | 148 | $ | 24,627 | ||||||||||
Loans: | ||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 9,796 | $ | 358 | $ | 29,630 | $ | 262 | $ | 7,385 | $ | 2,099 | $ | 47 | $ | 49,577 | ||||||||||
Loans collectively evaluated for impairment | 190,502 | 150,782 | 623,996 | 66,312 | 383,031 | 106,760 | 15,739 | 1,537,122 | ||||||||||||||||||
Loans acquired with deteriorated credit quality | 1 | - | 169 | - | 24 | - | - | 194 | ||||||||||||||||||
Total ending loans balance | $ | 200,299 | $ | 151,140 | $ | 653,795 | $ | 66,574 | $ | 390,440 | $ | 108,859 | $ | 15,786 | $ | 1,586,893 | ||||||||||
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2013: (In Thousands) | ||||||||||||||||||||||||||
1-4 Family | Multi- Family | |||||||||||||||||||||||||
Residential | Residential | Commercial | Home Equity | Consumer | ||||||||||||||||||||||
Real Estate | Real Estate | Real Estate | Construction | Commercial | & Improvement | Finance | Total | |||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 220 | $ | - | $ | 1,121 | $ | - | $ | 6 | $ | 45 | $ | - | $ | 1,392 | ||||||||||
Collectively evaluated for impairment | 2,627 | 2,508 | 10,879 | 134 | 5,672 | 1,590 | 148 | 23,558 | ||||||||||||||||||
Acquired with deteriorated credit quality | - | - | - | - | - | - | - | - | ||||||||||||||||||
Total ending allowance balance | $ | 2,847 | $ | 2,508 | $ | 12,000 | $ | 134 | $ | 5,678 | $ | 1,635 | $ | 148 | $ | 24,950 | ||||||||||
Loans: | ||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 10,245 | $ | 840 | $ | 34,874 | $ | 263 | $ | 8,737 | $ | 2,429 | $ | 53 | $ | 57,441 | ||||||||||
Loans collectively evaluated for impairment | 185,923 | 148,294 | 637,657 | 53,467 | 380,711 | 104,958 | 16,838 | 1,527,848 | ||||||||||||||||||
Loans acquired with deteriorated credit quality | 29 | - | 174 | - | 27 | - | - | 230 | ||||||||||||||||||
Total ending loans balance | $ | 196,197 | $ | 149,134 | $ | 672,705 | $ | 53,730 | $ | 389,475 | $ | 107,387 | $ | 16,891 | $ | 1,585,519 | ||||||||||
Loans Receivable, Impaired, Interest Income, Cash Basis Method [Table Text Block] | ' | |||||||||||||||||||||||||
The following table presents the average balance, interest income recognized and cash basis income recognized on impaired loans by class of loans. (In Thousands) | ||||||||||||||||||||||||||
Three Months Ended June 30, 2014 | Six Months Ended June 30, 2014 | |||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | |||||||||||||||||||||
Balance | Income | Income | Balance | Income | Income | |||||||||||||||||||||
Recognized | Recognized | Recognized | Recognized | |||||||||||||||||||||||
Residential Owner Occupied | $ | 6,133 | $ | 81 | $ | 75 | $ | 6,231 | $ | 166 | $ | 158 | ||||||||||||||
Residential Non Owner Occupied | 3,715 | 32 | 33 | 3,900 | 70 | 71 | ||||||||||||||||||||
Total Residential Real Estate | 9,848 | 113 | 108 | 10,131 | 236 | 229 | ||||||||||||||||||||
Construction | 261 | 3 | 4 | 261 | 6 | 9 | ||||||||||||||||||||
Multi-Family | 369 | 1 | 1 | 378 | 2 | 2 | ||||||||||||||||||||
CRE Owner Occupied | 8,967 | 37 | 33 | 9,402 | 73 | 68 | ||||||||||||||||||||
CRE Non Owner Occupied | 18,469 | 201 | 204 | 18,912 | 405 | 408 | ||||||||||||||||||||
Agriculture Land | 683 | 5 | 3 | 685 | 8 | 5 | ||||||||||||||||||||
Other CRE | 1,788 | 5 | 6 | 1,825 | 10 | 11 | ||||||||||||||||||||
Total Commercial Real Estate | 29,907 | 248 | 246 | 30,824 | 496 | 492 | ||||||||||||||||||||
Commercial Working Capital | 3,286 | 8 | 8 | 3,105 | 11 | 11 | ||||||||||||||||||||
Commercial Other | 4,552 | 2 | 1 | 4,756 | 4 | 3 | ||||||||||||||||||||
Total Commercial | 7,838 | 10 | 9 | 7,861 | 15 | 14 | ||||||||||||||||||||
Home Equity and Home Improvement | 2,095 | 25 | 25 | 2,267 | 50 | 50 | ||||||||||||||||||||
Consumer | 51 | 1 | 1 | 54 | 2 | 2 | ||||||||||||||||||||
Total Impaired Loans | $ | 50,369 | $ | 401 | $ | 394 | $ | 51,776 | $ | 807 | $ | 798 | ||||||||||||||
The following table presents the average balance, interest income recognized and cash basis income recognized on impaired loans by class of loans: (In Thousands) | ||||||||||||||||||||||||||
Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | |||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | |||||||||||||||||||||
Balance | Income | Income | Balance | Income | Income | |||||||||||||||||||||
Recognized | Recognized | Recognized | Recognized | |||||||||||||||||||||||
Residential Owner Occupied | $ | 6,693 | $ | 92 | $ | 92 | $ | 6,811 | $ | 180 | $ | 178 | ||||||||||||||
Residential Non Owner Occupied | 4,443 | 43 | 44 | 4,583 | 79 | 79 | ||||||||||||||||||||
Total Residential Real Estate | 11,136 | 135 | 136 | 11,394 | 259 | 257 | ||||||||||||||||||||
Construction | 131 | 3 | 2 | 102 | 3 | 2 | ||||||||||||||||||||
Multi-Family | 1,277 | 5 | 6 | 1,393 | 11 | 13 | ||||||||||||||||||||
CRE Owner Occupied | 14,452 | 120 | 118 | 14,536 | 183 | 176 | ||||||||||||||||||||
CRE Non Owner Occupied | 23,692 | 236 | 230 | 24,080 | 439 | 423 | ||||||||||||||||||||
Agriculture Land | 889 | 8 | 3 | 886 | 17 | 10 | ||||||||||||||||||||
Other CRE | 4,526 | 12 | 8 | 4,783 | 14 | 9 | ||||||||||||||||||||
Total Commercial Real Estate | 43,559 | 376 | 359 | 44,285 | 653 | 618 | ||||||||||||||||||||
Commercial Working Capital | 1,346 | 17 | 17 | 1,593 | 20 | 22 | ||||||||||||||||||||
Commercial Other | 6,669 | 28 | 23 | 6,759 | 51 | 45 | ||||||||||||||||||||
Total Commercial | 8,015 | 45 | 40 | 8,352 | 71 | 67 | ||||||||||||||||||||
Home Equity and Home Improvement | 2,789 | 33 | 31 | 2,749 | 67 | 63 | ||||||||||||||||||||
Consumer | 82 | 1 | 1 | 96 | 3 | 3 | ||||||||||||||||||||
Total Impaired Loans | $ | 66,989 | $ | 598 | $ | 575 | $ | 68,371 | $ | 1,067 | $ | 1,023 | ||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | |||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans: (In Thousands) | ||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Unpaid | Recorded | Allowance | |||||||||||||||||||||
Principal | Investment | for Loan | Principal | Investment | for Loan | |||||||||||||||||||||
Balance* | Losses | Balance* | Losses | |||||||||||||||||||||||
Allocated | Allocated | |||||||||||||||||||||||||
With no allowance recorded: | ||||||||||||||||||||||||||
Residential Owner Occupied | $ | 3,698 | $ | 4,307 | $ | - | $ | 4,744 | $ | 4,729 | $ | - | ||||||||||||||
Residential Non Owner Occupied | 4,416 | 3,602 | - | 4,844 | 4,329 | - | ||||||||||||||||||||
Total 1-4 Family Residential Real Estate | 8,114 | 7,909 | - | 9,588 | 9,058 | - | ||||||||||||||||||||
Multi-Family Residential Real Estate | 508 | 358 | - | 989 | 840 | - | ||||||||||||||||||||
CRE Owner Occupied | 8,453 | 6,159 | - | 11,105 | 8,376 | - | ||||||||||||||||||||
CRE Non Owner Occupied | 6,761 | 5,895 | - | 9,399 | 7,740 | - | ||||||||||||||||||||
Agriculture Land | 486 | 467 | - | 629 | 488 | - | ||||||||||||||||||||
Other CRE | 2,256 | 1,710 | - | 3,274 | 2,452 | - | ||||||||||||||||||||
Total Commercial Real Estate | 17,955 | 14,231 | - | 24,407 | 19,056 | - | ||||||||||||||||||||
Construction | 261 | 262 | - | 300 | 263 | - | ||||||||||||||||||||
Commercial Working Capital | 3,787 | 2,548 | - | 3,147 | 3,146 | - | ||||||||||||||||||||
Commercial Other | 4,923 | 4,280 | - | 6,063 | 5,415 | - | ||||||||||||||||||||
Total Commercial | 8,710 | 6,828 | - | 9,210 | 8,561 | - | ||||||||||||||||||||
Home Equity and Home Improvement | 1,997 | 1,947 | - | 1,985 | 1,992 | - | ||||||||||||||||||||
Consumer Finance | 48 | 47 | - | 53 | 53 | - | ||||||||||||||||||||
Total loans with no allowance recorded | $ | 37,594 | $ | 31,582 | $ | - | $ | 46,532 | $ | 39,823 | $ | - | ||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Residential Owner Occupied | $ | 1,801 | $ | 1,805 | $ | 181 | $ | 1,100 | $ | 1,103 | $ | 218 | ||||||||||||||
Residential Non Owner Occupied | 82 | 82 | 1 | 84 | 84 | 2 | ||||||||||||||||||||
Total 1-4 Family Residential Real Estate | 1,883 | 1,887 | 182 | 1,184 | 1,187 | 220 | ||||||||||||||||||||
Multi-Family Residential Real Estate | - | - | - | - | - | - | ||||||||||||||||||||
CRE Owner Occupied | 3,101 | 2,659 | 157 | 3,212 | 2,765 | 166 | ||||||||||||||||||||
CRE Non Owner Occupied | 12,430 | 12,475 | 964 | 12,756 | 12,803 | 946 | ||||||||||||||||||||
Agriculture Land | 210 | 215 | 6 | 195 | 197 | 7 | ||||||||||||||||||||
Other CRE | 79 | 50 | 2 | 82 | 53 | 2 | ||||||||||||||||||||
Total Commercial Real Estate | 15,820 | 15,399 | 1,129 | 16,245 | 15,818 | 1,121 | ||||||||||||||||||||
Construction | - | - | - | - | - | - | ||||||||||||||||||||
Commercial Working Capital | 500 | 501 | 15 | - | - | - | ||||||||||||||||||||
Commercial Other | 55 | 56 | 8 | 176 | 176 | 6 | ||||||||||||||||||||
Total Commercial | 555 | 557 | 23 | 176 | 176 | 6 | ||||||||||||||||||||
Home Equity and Home Improvement | 152 | 152 | 24 | 436 | 437 | 45 | ||||||||||||||||||||
Consumer Finance | - | - | - | - | - | - | ||||||||||||||||||||
Total loans with an allowance recorded | $ | 18,410 | $ | 17,995 | $ | 1,358 | $ | 18,041 | $ | 17,618 | $ | 1,392 | ||||||||||||||
*Presented gross of charge-offs | ||||||||||||||||||||||||||
Schedule of Non-Performing Loans and Real Estate Owned [Table Text Block] | ' | |||||||||||||||||||||||||
The following table presents the aggregate amounts of non-performing assets, comprised of non-performing loans and real estate owned on the dates indicated: | ||||||||||||||||||||||||||
June 30, | December 31, | |||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||
(In Thousands) | ||||||||||||||||||||||||||
Non-accrual loans | $ | 24,863 | $ | 27,847 | ||||||||||||||||||||||
Loans over 90 days past due and still accruing | - | - | ||||||||||||||||||||||||
Total non-performing loans | 24,863 | 27,847 | ||||||||||||||||||||||||
Real estate and other assets held for sale | 5,554 | 5,859 | ||||||||||||||||||||||||
Total non-performing assets | $ | 30,417 | $ | 33,706 | ||||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | |||||||||||||||||||||||||
The following table presents the aging of the recorded investment in past due and non accrual loans as of June 30, 2014 by class of loans: (In Thousands) | ||||||||||||||||||||||||||
Current | 30-59 days | 60-89 days | 90+ days | Total | Total Non | |||||||||||||||||||||
Past Due | Accrual | |||||||||||||||||||||||||
Residential Owner Occupied | $ | 134,417 | $ | 429 | $ | 297 | $ | 790 | $ | 1,516 | $ | 1,085 | ||||||||||||||
Residential Non Owner Occupied | 63,228 | - | 12 | 1,126 | 1,138 | 1,815 | ||||||||||||||||||||
Total 1-4 Family Residential Real Estate | 197,645 | 429 | 309 | 1,916 | 2,654 | 2,900 | ||||||||||||||||||||
Multi-Family Residential Real Estate | 151,140 | - | - | - | - | 429 | ||||||||||||||||||||
CRE Owner Occupied | 297,739 | 41 | - | 1,812 | 1,853 | 7,041 | ||||||||||||||||||||
CRE Non Owner Occupied | 227,708 | 29 | - | 2,058 | 2,087 | 4,969 | ||||||||||||||||||||
Agriculture Land | 84,632 | 137 | - | 329 | 466 | 751 | ||||||||||||||||||||
Other Commercial Real Estate | 39,050 | - | - | 260 | 260 | 1,619 | ||||||||||||||||||||
Total Commercial Real Estate | 649,129 | 207 | - | 4,459 | 4,666 | 14,380 | ||||||||||||||||||||
Construction | 66,574 | - | - | - | - | - | ||||||||||||||||||||
Commercial Working Capital | 144,112 | 3 | - | 1,545 | 1,548 | 2,368 | ||||||||||||||||||||
Commercial Other | 241,199 | 94 | - | 3,487 | 3,581 | 4,689 | ||||||||||||||||||||
Total Commercial | 385,311 | 97 | - | 5,032 | 5,129 | 7,057 | ||||||||||||||||||||
Consumer Finance | 15,696 | 84 | 6 | - | 90 | - | ||||||||||||||||||||
Home Equity/Home Improvement | 107,661 | 969 | 127 | 102 | 1,198 | 102 | ||||||||||||||||||||
Total Loans | $ | 1,573,156 | $ | 1,786 | $ | 442 | $ | 11,509 | $ | 13,737 | $ | 24,868 | ||||||||||||||
The following table presents the aging of the recorded investment in past due and non accrual loans as of December 31, 2013 by class of loans: (In Thousands) | ||||||||||||||||||||||||||
Current | 30-59 days | 60-89 days | 90+ days | Total | Total Non | |||||||||||||||||||||
Past Due | Accrual | |||||||||||||||||||||||||
Residential Owner Occupied | $ | 126,855 | $ | 1,530 | $ | 191 | $ | 1,009 | $ | 2,730 | $ | 1,329 | ||||||||||||||
Residential Non Owner Occupied | 65,292 | 531 | 403 | 386 | 1,320 | 1,943 | ||||||||||||||||||||
Total 1-4 Family Residential Real Estate | 192,147 | 2,061 | 594 | 1,395 | 4,050 | 3,272 | ||||||||||||||||||||
Multi-Family Residential Real Estate | 149,134 | - | - | - | - | 583 | ||||||||||||||||||||
CRE Owner Occupied | 311,253 | 334 | 495 | 3,671 | 4,500 | 7,492 | ||||||||||||||||||||
CRE Non Owner Occupied | 225,433 | 1,067 | 918 | 902 | 2,887 | 4,717 | ||||||||||||||||||||
Agriculture Land | 81,954 | 21 | - | 73 | 94 | 630 | ||||||||||||||||||||
Other Commercial Real Estate | 45,297 | - | - | 1,287 | 1,287 | 2,412 | ||||||||||||||||||||
Total Commercial Real Estate | 663,937 | 1,422 | 1,413 | 5,933 | 8,768 | 15,251 | ||||||||||||||||||||
Construction | 53,730 | - | - | - | - | - | ||||||||||||||||||||
Commercial Working Capital | 155,373 | - | - | 419 | 419 | 2,917 | ||||||||||||||||||||
Commercial Other | 230,054 | 37 | 26 | 3,566 | 3,629 | 5,419 | ||||||||||||||||||||
Total Commercial | 385,427 | 37 | 26 | 3,985 | 4,048 | 8,336 | ||||||||||||||||||||
Consumer Finance | 16,759 | 131 | - | 131 | - | |||||||||||||||||||||
Home Equity/Home Improvement | 105,657 | 1,163 | 155 | 413 | 1,731 | 413 | ||||||||||||||||||||
Total Loans | $ | 1,566,791 | $ | 4,814 | $ | 2,188 | $ | 11,726 | $ | 18,728 | $ | 27,855 | ||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | |||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the three and six month periods ending June 30, 2014 and June 30, 2013: | ||||||||||||||||||||||||||
Loans Modified as a TDR for the Three | Loans Modified as a TDR for the Six | |||||||||||||||||||||||||
Months Ended June 30, 2014 | Months Ended June 30, 2014 | |||||||||||||||||||||||||
($ In Thousands) | ($ In Thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Recorded | Number of Loans | Recorded | ||||||||||||||||||||||
Investment (as of | Investment (as of | |||||||||||||||||||||||||
period end) | period end) | |||||||||||||||||||||||||
Residential Owner Occupied | 7 | $ | 674 | 15 | $ | 1,372 | ||||||||||||||||||||
Residential Non Owner Occupied | 0 | - | 0 | - | ||||||||||||||||||||||
CRE Owner Occupied | 0 | - | 0 | - | ||||||||||||||||||||||
CRE Non Owner Occupied | 0 | - | 1 | 358 | ||||||||||||||||||||||
Agriculture Land | 0 | - | 0 | - | ||||||||||||||||||||||
Other CRE | 0 | - | 0 | - | ||||||||||||||||||||||
Commercial working capital or other | 9 | 727 | 11 | 1,676 | ||||||||||||||||||||||
Home Equity / Improvement | 4 | 82 | 7 | 167 | ||||||||||||||||||||||
Consumer Finance | 1 | 17 | 2 | 19 | ||||||||||||||||||||||
Total | 21 | $ | 1,500 | 36 | $ | 3,592 | ||||||||||||||||||||
The loans described above increased the allowance for loan loss by $65,000 in the three month period ending June 30, 2014 and decreased the allowance for loan loss by $5,000 in the six month period ending June 30, 2014. | ||||||||||||||||||||||||||
Loans Modified as a TDR for the Three | Loans Modified as a TDR for the Six | |||||||||||||||||||||||||
Months Ended June 30, 2013 | Months Ended June 30, 2013 | |||||||||||||||||||||||||
($ In Thousands) | ($ In Thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Recorded | Number of Loans | Recorded | ||||||||||||||||||||||
Investment (as of | Investment (as of | |||||||||||||||||||||||||
period end) | period end) | |||||||||||||||||||||||||
Residential Owner Occupied | 3 | $ | 316 | 8 | $ | 752 | ||||||||||||||||||||
Residential Non Owner Occupied | 0 | - | 1 | 194 | ||||||||||||||||||||||
CRE Owner Occupied | 3 | 758 | 4 | 782 | ||||||||||||||||||||||
CRE Non Owner Occupied | 1 | 1,374 | 1 | 1,374 | ||||||||||||||||||||||
Agriculture Land | 0 | - | 1 | 217 | ||||||||||||||||||||||
Other CRE | 1 | 32 | 1 | 32 | ||||||||||||||||||||||
Commercial working capital or other | 1 | 47 | 1 | 47 | ||||||||||||||||||||||
Home Equity / Improvement | 4 | 119 | 12 | 609 | ||||||||||||||||||||||
Consumer Finance | 1 | 11 | 3 | 14 | ||||||||||||||||||||||
Total | 14 | $ | 2,657 | 32 | $ | 4,021 | ||||||||||||||||||||
Troubled Debt Restructurings on Payments [Table Text Block] | ' | |||||||||||||||||||||||||
The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification during the three and six month periods ending June 30, 2014 and June 30, 2013: | ||||||||||||||||||||||||||
Three Months Ended June 30, 2014 | Six Months Ended June 30, 2014 | |||||||||||||||||||||||||
($ In Thousands) | ($ In Thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Recorded | Number of Loans | Recorded | ||||||||||||||||||||||
That Subsequently Defaulted | Investment (as of | Investment (as of | ||||||||||||||||||||||||
period end) | period end) | |||||||||||||||||||||||||
Residential Owner Occupied | 1 | $ | 67 | 1 | $ | 67 | ||||||||||||||||||||
Residential Non Owner Occupied | 1 | 183 | 1 | 183 | ||||||||||||||||||||||
CRE Owner Occupied | 4 | 153 | 4 | 153 | ||||||||||||||||||||||
CRE Non Owner Occupied | 0 | - | 0 | - | ||||||||||||||||||||||
Agriculture Land | 0 | - | 0 | - | ||||||||||||||||||||||
Other CRE | 0 | - | 0 | - | ||||||||||||||||||||||
Commercial working capital or other | 3 | 387 | 3 | 387 | ||||||||||||||||||||||
Home Equity / Improvement | 0 | - | 0 | - | ||||||||||||||||||||||
Consumer Finance | 0 | - | 0 | - | ||||||||||||||||||||||
Total | 8 | $ | 790 | 9 | $ | 790 | ||||||||||||||||||||
Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | |||||||||||||||||||||||||
($ In Thousands) | ($ In Thousands) | |||||||||||||||||||||||||
Troubled Debt Restructurings | Number of Loans | Recorded | Number of Loans | Recorded | ||||||||||||||||||||||
That Subsequently Defaulted | Investment (as of | Investment (as of | ||||||||||||||||||||||||
period end) | period end) | |||||||||||||||||||||||||
Residential Owner Occupied | 4 | $ | 303 | 4 | $ | 303 | ||||||||||||||||||||
Residential Non Owner Occupied | 1 | 77 | 1 | 77 | ||||||||||||||||||||||
CRE Owner Occupied | 1 | 169 | 2 | 837 | ||||||||||||||||||||||
CRE Non Owner Occupied | 1 | 212 | 1 | 212 | ||||||||||||||||||||||
Agriculture Land | 0 | - | 0 | - | ||||||||||||||||||||||
Other CRE | 0 | - | 0 | - | ||||||||||||||||||||||
Commercial / Industrial | 0 | - | 0 | - | ||||||||||||||||||||||
Home Equity / Improvement | 4 | 52 | 4 | 52 | ||||||||||||||||||||||
Consumer Finance | 0 | - | 0 | - | ||||||||||||||||||||||
Total | 11 | $ | 813 | 12 | $ | 1,481 | ||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | |||||||||||||||||||||||||
As of June 30, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (In Thousands): | ||||||||||||||||||||||||||
Class | Pass | Special | Substandard | Doubtful | Not | Total | ||||||||||||||||||||
Mention | Graded | |||||||||||||||||||||||||
1-4 Family Owner Occupied | $ | 4,229 | $ | 3 | $ | 1,905 | $ | 748 | $ | 129,047 | $ | 135,932 | ||||||||||||||
1-4 Family Non Owner Occupied | 51,624 | 1,721 | 5,016 | - | 6,006 | 64,367 | ||||||||||||||||||||
Total 1-4 Family Real Estate | 55,853 | 1,724 | 6,921 | 748 | 135,053 | 200,299 | ||||||||||||||||||||
Multi-Family Residential Real Estate | 149,083 | 228 | 890 | - | 939 | 151,140 | ||||||||||||||||||||
CRE Owner Occupied | 279,863 | 9,364 | 8,923 | - | 1,442 | 299,592 | ||||||||||||||||||||
CRE Non Owner Occupied | 204,659 | 9,081 | 16,020 | - | 35 | 229,795 | ||||||||||||||||||||
Agriculture Land | 81,931 | 2,020 | 1,147 | - | - | 85,098 | ||||||||||||||||||||
Other CRE | 35,692 | 63 | 2,875 | - | 680 | 39,310 | ||||||||||||||||||||
Total Commercial Real Estate | 602,145 | 20,528 | 28,965 | - | 2,157 | 653,795 | ||||||||||||||||||||
Construction | 55,920 | - | 262 | - | 10,392 | 66,574 | ||||||||||||||||||||
Commercial Working Capital | 137,596 | 5,046 | 3,017 | - | - | 145,659 | ||||||||||||||||||||
Commercial Other | 231,850 | 7,288 | 5,643 | - | - | 244,781 | ||||||||||||||||||||
Total Commercial | 369,446 | 12,334 | 8,660 | - | - | 390,440 | ||||||||||||||||||||
Home Equity and Home Improvement | - | - | 1,096 | 102 | 107,661 | 108,859 | ||||||||||||||||||||
Consumer Finance | - | - | 90 | - | 15,696 | 15,786 | ||||||||||||||||||||
Total Loans | $ | 1,232,447 | $ | 34,814 | $ | 46,884 | $ | 850 | $ | 271,898 | $ | 1,586,893 | ||||||||||||||
As of December 31, 2013, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (In Thousands): | ||||||||||||||||||||||||||
Class | Pass | Special | Substandard | Doubtful | Not | Total | ||||||||||||||||||||
Mention | Graded | |||||||||||||||||||||||||
1-4 Family Owner Occupied | $ | 4,287 | $ | 18 | $ | 3,515 | $ | - | $ | 121,765 | $ | 129,585 | ||||||||||||||
1-4 Family Non Owner Occupied | 51,660 | 2,894 | 5,699 | - | 6,359 | 66,612 | ||||||||||||||||||||
Total 1-4 Family Real Estate | 55,947 | 2,912 | 9,214 | - | 128,124 | 196,197 | ||||||||||||||||||||
Multi-Family Residential Real Estate | 145,407 | 875 | 1,888 | - | 964 | 149,134 | ||||||||||||||||||||
CRE Owner Occupied | 291,770 | 10,584 | 11,665 | - | 1,734 | 315,753 | ||||||||||||||||||||
CRE Non Owner Occupied | 200,790 | 10,254 | 17,185 | - | 91 | 228,320 | ||||||||||||||||||||
Agriculture Land | 80,418 | 578 | 1,051 | - | - | 82,047 | ||||||||||||||||||||
Other CRE | 40,676 | 2,074 | 3,104 | - | 731 | 46,585 | ||||||||||||||||||||
Total Commercial Real Estate | 613,654 | 23,490 | 33,005 | - | 2,556 | 672,705 | ||||||||||||||||||||
Construction | 43,465 | - | 263 | - | 10,002 | 53,730 | ||||||||||||||||||||
Commercial Working Capital | 148,703 | 3,429 | 3,660 | - | - | 155,792 | ||||||||||||||||||||
Commercial Other | 219,790 | 6,994 | 6,899 | - | - | 233,683 | ||||||||||||||||||||
Total Commercial | 368,493 | 10,423 | 10,559 | - | - | 389,475 | ||||||||||||||||||||
Home Equity and Home Improvement | - | - | 755 | 45 | 106,587 | 107,387 | ||||||||||||||||||||
Consumer Finance | - | - | 31 | - | 16,860 | 16,891 | ||||||||||||||||||||
Total Loans | $ | 1,226,966 | $ | 37,700 | $ | 55,715 | $ | 45 | $ | 265,093 | $ | 1,585,519 | ||||||||||||||
Mortgage_Banking_Tables
Mortgage Banking (Tables) | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Mortgage Banking [Abstract] | ' | |||||||||||||
Mortgage Loans [Table Text Block] | ' | |||||||||||||
Net revenues from the sales and servicing of mortgage loans consisted of the following: | ||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||
June 30, | June 30, | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
(In Thousands) | (In Thousands) | |||||||||||||
Gain from sale of mortgage loans | $ | 986 | $ | 1,890 | $ | 1,628 | $ | 4,066 | ||||||
Mortgage loans servicing revenue (expense): | ||||||||||||||
Mortgage loans servicing revenue | 878 | 875 | 1,782 | 1,745 | ||||||||||
Amortization of mortgage servicing rights | -368 | -634 | -660 | -1,323 | ||||||||||
Mortgage servicing rights valuation adjustments | 44 | 312 | 37 | 785 | ||||||||||
554 | 553 | 1,159 | 1,207 | |||||||||||
Net revenue from sale and servicing of mortgage loans | $ | 1,540 | $ | 2,443 | $ | 2,787 | $ | 5,273 | ||||||
Capitalized Mortgage and Valuation Allowance [Table Text Block] | ' | |||||||||||||
Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three and six months ended June 30, 2014 and 2013: | ||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||
June 30, | June 30, | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
(In Thousands) | (In Thousands) | |||||||||||||
Mortgage servicing assets: | ||||||||||||||
Balance at beginning of period | $ | 10,048 | $ | 10,194 | $ | 10,133 | $ | 10,121 | ||||||
Loans sold, servicing retained | 313 | 674 | 520 | 1,436 | ||||||||||
Amortization | -368 | -634 | -660 | -1,323 | ||||||||||
Carrying value before valuation allowance at end of period | 9,993 | 10,234 | 9,993 | 10,234 | ||||||||||
Valuation allowance: | ||||||||||||||
Balance at beginning of period | -1,034 | -1,815 | -1,027 | -2,288 | ||||||||||
Impairment recovery (charges) | 44 | 312 | 37 | 785 | ||||||||||
Balance at end of period | -990 | -1,503 | -990 | -1,503 | ||||||||||
Net carrying value of MSRs at end of period | $ | 9,003 | $ | 8,731 | $ | 9,003 | $ | 8,731 | ||||||
Fair value of MSRs at end of period | $ | 9,584 | $ | 9,080 | $ | 9,584 | $ | 9,080 | ||||||
Deposits_Tables
Deposits (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Deposits [Abstract] | ' | |||||||
Deposits [Table Text Block] | ' | |||||||
A summary of deposit balances is as follows: | ||||||||
June 30, | December 31, | |||||||
2014 | 2013 | |||||||
(In Thousands) | ||||||||
Non-interest-bearing checking accounts | $ | 355,268 | $ | 348,943 | ||||
Interest-bearing checking and money market accounts | 717,506 | 715,939 | ||||||
Savings accounts | 200,626 | 185,121 | ||||||
Retail certificates of deposit less than $100,000 | 299,288 | 313,335 | ||||||
Retail certificates of deposit greater than $100,000 | 169,124 | 172,454 | ||||||
Brokered or national certificates of deposit | - | - | ||||||
Total | $ | 1,741,812 | $ | 1,735,792 | ||||
Borrowings_Tables
Borrowings (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Subordinated Borrowings [Abstract] | ' | |||||||
Federal Home Loan Bank Advances Disclosure [Table Text Block] | ' | |||||||
First Defiance’s debt, FHLB advances and junior subordinated debentures owed to unconsolidated subsidiary trusts are comprised of the following: | ||||||||
June 30, | December 31, | |||||||
2014 | 2013 | |||||||
(In Thousands) | ||||||||
FHLB Advances: | ||||||||
Putable advances | 12,000 | $ | 12,000 | |||||
Amortizable mortgage advances | 10,034 | 10,520 | ||||||
Total | $ | 22,034 | $ | 22,520 | ||||
Junior subordinated debentures owed to unconsolidated subsidiary trusts | $ | 36,083 | $ | 36,083 | ||||
Commitments_Guarantees_and_Con1
Commitments, Guarantees and Contingent Liabilities (Tables) | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||||
Schedule of Line of Credit Facilities [Table Text Block] | ' | |||||||||||||
The Company’s maximum obligation to extend credit for loan commitments (unfunded loans and unused lines of credit) and standby letters of credit outstanding as of the periods stated below were as follows (In Thousands): | ||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||
Fixed Rate | Variable Rate | Fixed Rate | Variable Rate | |||||||||||
Commitments to make loans | $ | 47,963 | $ | 94,050 | $ | 57,914 | $ | 59,632 | ||||||
Unused lines of credit | 13,987 | 275,892 | 18,048 | 257,939 | ||||||||||
Standby letters of credit | - | 17,800 | - | 17,680 | ||||||||||
Total | $ | 61,950 | $ | 387,742 | $ | 75,962 | $ | 335,251 | ||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||
Schedule of Derivative Instruments in Statement of Financial Position Carrying Value [Table Text Block] | ' | |||||||||||||||||||
The fair value of these mortgage banking derivatives are reflected by a derivative asset. The table below provides data about the carrying values of these derivative instruments: | ||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||
Assets | (Liabilities) | Assets | (Liabilities) | |||||||||||||||||
Derivative | Derivative | |||||||||||||||||||
Carrying | Carrying | Net Carrying | Carrying | Carrying | Net Carrying | |||||||||||||||
Value | Value | Value | Value | Value | Value | |||||||||||||||
(In Thousands) | ||||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||
Mortgage Banking | ||||||||||||||||||||
Derivatives | $ | 580 | $ | -107 | $ | 473 | $ | 295 | $ | - | $ | 295 | ||||||||
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | ' | |||||||||||||||||||
The table below provides data about the amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments: | ||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||
June 30, | June 30, | |||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||
(In Thousands) | (In Thousands) | |||||||||||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||||||||
Mortgage Banking Derivatives – Gain (Loss) | $ | 128 | $ | -79 | $ | 178 | $ | -240 | ||||||||||||
Other_Comprehensive_Income_Los1
Other Comprehensive Income (Loss) (Tables) | 6 Months Ended | ||||||||||
Jun. 30, 2014 | |||||||||||
Other Comprehensive Income (Loss), Net Of Tax [Abstract] | ' | ||||||||||
Other Comprehensive Income Loss Reclassification Adjustments Related To Securities Available For Sale [Table Text Block] | ' | ||||||||||
The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the table below. Reclassification adjustments related to securities available for sale are included in gains on sale or call of securities in the accompanying consolidated condensed statements of income. | |||||||||||
Before Tax | Tax Expense | Net of Tax | |||||||||
Amount | (Benefit) | Amount | |||||||||
Three months ended June 30, 2014: | |||||||||||
Securities available for sale and transferred securities: | |||||||||||
Change in net unrealized gain (loss) during the period | $ | 2,743 | $ | 936 | $ | 1,807 | |||||
Reclassification adjustment for net gains included in net income | -471 | -141 | -330 | ||||||||
Total other comprehensive loss | $ | 2,272 | $ | 795 | $ | 1,477 | |||||
Before Tax | Tax Expense | Net of Tax | |||||||||
Amount | (Benefit) | Amount | |||||||||
Six months ended June 30, 2014: | |||||||||||
Securities available for sale and transferred securities: | |||||||||||
Change in net unrealized gain (loss) during the period | $ | 4,465 | $ | 1,538 | $ | 2,927 | |||||
Reclassification adjustment for net gains included in net income | -471 | -141 | -330 | ||||||||
Total other comprehensive loss | $ | 3,994 | $ | 1,397 | $ | 2,597 | |||||
Before Tax | Tax Expense | Net of Tax | |||||||||
Amount | (Benefit) | Amount | |||||||||
Three months ended June 30, 2013: | |||||||||||
Securities available for sale and transferred securities: | |||||||||||
Change in net unrealized gain/loss during the period | $ | -5,500 | $ | -1,927 | $ | -3,573 | |||||
Reclassification adjustment for net gains included in net income | -44 | -13 | -31 | ||||||||
Total other comprehensive loss | $ | -5,544 | $ | -1,940 | $ | -3,604 | |||||
Before Tax | Tax Expense | Net of Tax | |||||||||
Amount | (Benefit) | Amount | |||||||||
Six months ended June 30, 2013: | |||||||||||
Securities available for sale and transferred securities: | |||||||||||
Change in net unrealized gain/loss during the period | $ | -6,164 | $ | -2,162 | $ | -4,002 | |||||
Reclassification adjustment for net gains included in net income | -97 | -29 | -68 | ||||||||
Total other comprehensive loss | $ | -6,261 | $ | -2,191 | $ | -4,070 | |||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||
Activity in accumulated other comprehensive income (loss), net of tax, was as follows: | |||||||||||
Accumulated | |||||||||||
Securities | Post- | Other | |||||||||
Available | retirement | Comprehensive | |||||||||
For Sale | Benefit | Income | |||||||||
Balance January 1, 2014 | $ | 906 | $ | -361 | $ | 545 | |||||
Other comprehensive loss before reclassifications | 2,927 | - | 2,927 | ||||||||
Amounts reclassified from accumulated other comprehensive loss | -330 | - | -330 | ||||||||
Net other comprehensive loss during period | 2,597 | - | 2,597 | ||||||||
Balance June 30, 2014 | $ | 3,503 | $ | -361 | $ | 3,142 | |||||
Balance January 1, 2013 | $ | 4,851 | $ | -577 | $ | 4,274 | |||||
Other comprehensive loss before reclassifications | -4,002 | - | -4,002 | ||||||||
Amounts reclassified from accumulated other comprehensive loss | -68 | - | -68 | ||||||||
Net other comprehensive loss during period | -4,070 | - | -4,070 | ||||||||
Balance June 30, 2013 | $ | 781 | $ | -577 | $ | 204 | |||||
Significant_Accounting_Policie2
Significant Accounting Policies (Details Textual) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Dec. 31, 2013 | |
Other Assets | $12,757,000 | $7,663,000 |
Other Liabilities | 20,358,000 | 17,168,000 |
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Amount | 84,000 | ' |
Qualifying Investments [Member] | ' | ' |
Other Assets | 3,800,000 | ' |
Unfunded Commitments [Member] | ' | ' |
Other Liabilities | $2,300,000 | ' |
Fair_Value_Details
Fair Value (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | $232,289 | $198,170 |
US Government Corporations and Agencies Securities [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 5,002 | 4,921 |
US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 5,002 | 4,921 |
US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 49,191 | 41,292 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 49,191 | 41,292 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 79,454 | 59,841 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 79,454 | 59,841 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
Remics [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 1,957 | ' |
Remics [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | ' |
Remics [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 1,957 | ' |
Remics [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | ' |
Trust Preferred Stock [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | ' | 2,236 |
Trust Preferred Stock [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | ' | 1,654 |
Trust Preferred Stock [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | ' | 0 |
Trust Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | ' | 582 |
Preferred Stock [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | ' | 718 |
Preferred Stock [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | ' | 718 |
Preferred Stock [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | ' | 0 |
Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | ' | 0 |
Corporate Bond Securities [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 6,990 | 8,942 |
Corporate Bond Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
Corporate Bond Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 6,990 | 8,942 |
Corporate Bond Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 89,695 | 80,220 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 89,695 | 80,220 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | ' |
Mortgage Banking Derivative Asset [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 580 | 295 |
Mortgage Banking Derivative Asset [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
Mortgage Banking Derivative Asset [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 580 | 295 |
Mortgage Banking Derivative Asset [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
Mortgage Banking Derivative Liability [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | -107 | 0 |
Mortgage Banking Derivative Liability [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | 0 | 0 |
Mortgage Banking Derivative Liability [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | -107 | 0 |
Mortgage Banking Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available for sale securities: | ' | ' |
Available for sale securities, Total Fair Value | $0 | $0 |
Fair_Value_Details_1
Fair Value (Details 1) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Beginning balance | $704 | $1,651 | $582 | $1,474 |
Total gains or (losses) (realized/unrealized) | ' | ' | ' | ' |
Total gains or losses (realized/unrealized) Included in earnings (realized) | -329 | 0 | -329 | 0 |
Total gains or losses (realized/unrealized) Included in other comprehensive income (presented gross of taxes) | 871 | 85 | 993 | 262 |
Amortization | 0 | 0 | 0 | 0 |
Sales | -1,246 | 0 | -1,246 | 0 |
Transfers in and/or out of Level 3 | 0 | 0 | 0 | 0 |
Ending balance | $0 | $1,736 | $0 | $1,736 |
Fair_Value_Details_2
Fair Value (Details 2) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Impaired loans | ' | ' |
Total impaired loans | $9,504 | $10,718 |
Mortgage servicing rights | 1,173 | 1,370 |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | 489 | 1,390 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | 0 |
Mortgage servicing rights | 0 | 0 |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | 0 |
Mortgage servicing rights | 1,173 | 1,370 |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 9,504 | 10,718 |
Mortgage servicing rights | 0 | 0 |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | 489 | 1,390 |
One To Four Family Residential Real Estate [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | ' | 259 |
One To Four Family Residential Real Estate [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | ' | 0 |
One To Four Family Residential Real Estate [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | ' | 0 |
One To Four Family Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | ' | 259 |
Residential Loans [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 519 | ' |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | 0 | 112 |
Residential Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | ' |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | 0 | 0 |
Residential Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | ' |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | 0 | 0 |
Residential Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 519 | ' |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | 0 | 112 |
Commercial Loan [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 1,068 | ' |
Commercial Loan [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | ' |
Commercial Loan [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | ' |
Commercial Loan [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 1,068 | ' |
Multi Family Residential Real Estate [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 303 | 338 |
Multi Family Residential Real Estate [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | 0 |
Multi Family Residential Real Estate [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | 0 |
Multi Family Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 303 | 338 |
Home Equity and Home Improvement [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 102 | 9,590 |
Home Equity and Home Improvement [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | 0 |
Home Equity and Home Improvement [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | 0 |
Home Equity and Home Improvement [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 102 | 9,590 |
Commercial Real Estate [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 7,512 | 531 |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | 489 | 1,278 |
Commercial Real Estate [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | 0 |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | 0 | 0 |
Commercial Real Estate [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 0 | 0 |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | 0 | 0 |
Commercial Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans | ' | ' |
Total impaired loans | 7,512 | 531 |
Real estate held for sale | ' | ' |
Total Real Estate held for sale | $489 | $1,278 |
Fair_Value_Details_3
Fair Value (Details 3) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Range of Input 40% [Member] | Range of Input 0-30% [Member] | Range Of Input 10-15% [Member] | Range of Input 0-10% [Member] | Range of Input 0-10% [Member] | Range of Input 0-20% [Member] | Range of Input 0-20% [Member] | ||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trust preferred stock, Fair Value | $0 | $704 | $582 | $1,736 | $1,651 | $1,474 | ' | ' | ' | ' | ' | ' | ' |
Impaired Loans- Applies to all loan classes, Fair Value | 9,504 | ' | 10,718 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Real estate held for sale - Applies to all classes, Fair Value | $489 | ' | $1,390 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Valuation Technique, Fair Value | ' | ' | ' | ' | ' | ' | 'Discounted cash flow | ' | ' | 'Appraisals which utilize sales comparison, net income and cost approach | 'Appraisals which utilize sales comparison, net income and cost approach | 'Appraisals which utilize sales comparison, net income and cost approach | 'Appraisals which utilize sales comparison, net income and cost approach |
Unobservable Inputs, Fair Value | ' | ' | ' | ' | ' | ' | 'Constant prepayment rate | 'Expected asset default | 'Expected recoveries | 'Discounts for collection issues and changes in market conditions | 'Discounts for collection issues and changes in market conditions | 'Discounts for changes in market conditions | 'Discounts for changes in market conditions |
Fair Value, Range Of Input | ' | ' | ' | ' | ' | ' | 40.00% | ' | ' | ' | ' | ' | ' |
Fair Value, Range of Input, Minimum | ' | ' | ' | ' | ' | ' | ' | 0.00% | 10.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Fair Value, Range of Input, Maximum | ' | ' | ' | ' | ' | ' | ' | 30.00% | 15.00% | 10.00% | 10.00% | 20.00% | 20.00% |
Fair Value Measurement Weighted Average Range | ' | ' | ' | ' | ' | ' | 40.00% | 15.00% | 10.00% | 10.00% | 10.00% | 20.00% | 20.00% |
Fair_Value_Details_4
Fair Value (Details 4) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Financial Assets, Carrying Value: | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Value | $156,246 | $179,318 | $127,743 | $136,832 |
Investment securities, Carrying Value | 232,619 | 198,557 | ' | ' |
Federal Home Loan Bank stock, Carrying Value | 13,802 | 19,350 | ' | ' |
Loans, net, including loans held for sale, Carrying Value | 1,564,681 | 1,564,618 | ' | ' |
Accrued interest receivable, Carrying Value | 5,730 | 5,778 | ' | ' |
Financial Liabilities, Carrying Value: | ' | ' | ' | ' |
Deposits, Carrying Value | 1,741,812 | 1,735,792 | ' | ' |
Advances from Federal Home Loan Bank, Carrying Value | 22,034 | 22,520 | ' | ' |
Securities sold under repurchase agreements, Carrying Value | 52,455 | 51,919 | ' | ' |
Subordinated debentures, Carrying Value | 36,083 | 36,083 | ' | ' |
Financial Assets, Fair Value: | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | 156,246 | 179,318 | ' | ' |
Investment securities, Fair Value | 232,622 | 198,563 | ' | ' |
Loans, net, including loans held for sale, Fair Value | 1,572,926 | 1,568,929 | ' | ' |
Accrued interest receivable, Fair Value | 5,730 | 5,778 | ' | ' |
Financial Liabilities, Fair Value: | ' | ' | ' | ' |
Deposits, Fair Value | 1,743,793 | 1,738,216 | ' | ' |
Advances from Federal Home Loan Bank, Fair Value | 22,290 | 22,713 | ' | ' |
Securities sold under repurchase agreements, Fair Value | 52,455 | 51,919 | ' | ' |
Subordinated debentures, Fair Value | 35,256 | 35,237 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' |
Financial Assets, Fair Value: | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | 156,246 | 179,318 | ' | ' |
Investment securities, Fair Value | 0 | 2,372 | ' | ' |
Loans, net, including loans held for sale, Fair Value | 0 | 0 | ' | ' |
Accrued interest receivable, Fair Value | 0 | 4 | ' | ' |
Financial Liabilities, Fair Value: | ' | ' | ' | ' |
Deposits, Fair Value | 355,268 | 348,943 | ' | ' |
Advances from Federal Home Loan Bank, Fair Value | 0 | 0 | ' | ' |
Securities sold under repurchase agreements, Fair Value | 0 | 0 | ' | ' |
Subordinated debentures, Fair Value | 0 | 0 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' |
Financial Assets, Fair Value: | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | 0 | 0 | ' | ' |
Investment securities, Fair Value | 232,622 | 195,609 | ' | ' |
Loans, net, including loans held for sale, Fair Value | 7,665 | 9,140 | ' | ' |
Accrued interest receivable, Fair Value | 813 | 696 | ' | ' |
Financial Liabilities, Fair Value: | ' | ' | ' | ' |
Deposits, Fair Value | 1,388,525 | 1,389,273 | ' | ' |
Advances from Federal Home Loan Bank, Fair Value | 22,290 | 22,713 | ' | ' |
Securities sold under repurchase agreements, Fair Value | 52,455 | 51,919 | ' | ' |
Subordinated debentures, Fair Value | 0 | 0 | ' | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' |
Financial Assets, Fair Value: | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | 0 | 0 | ' | ' |
Investment securities, Fair Value | 0 | 582 | ' | ' |
Loans, net, including loans held for sale, Fair Value | 1,565,261 | 1,559,789 | ' | ' |
Accrued interest receivable, Fair Value | 4,917 | 5,078 | ' | ' |
Financial Liabilities, Fair Value: | ' | ' | ' | ' |
Deposits, Fair Value | 0 | 0 | ' | ' |
Advances from Federal Home Loan Bank, Fair Value | 0 | 0 | ' | ' |
Securities sold under repurchase agreements, Fair Value | 0 | 0 | ' | ' |
Subordinated debentures, Fair Value | $35,256 | $35,237 | ' | ' |
Fair_Value_Details_Textual
Fair Value (Details Textual) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | $9,504,000 | ' | $9,504,000 | ' | $10,718,000 |
Impaired Financing Receivables, Provisional Expenses | 725,000 | 551,000 | 1,500,000 | 1,200,000 | ' |
Mortgage Servicing Rights at Fair Value | 1,173,000 | ' | 1,173,000 | ' | 1,370,000 |
Valuation Allowance of Mortgage Servicing Rights | 1,000,000 | ' | 1,000,000 | ' | 1,000,000 |
Proceeds from Collection of Loans Receivable | 44,000 | 312,000 | 37,000 | 785,000 | ' |
Real Estate Held For Sale Increase Decrease In Fair Value | $73,000 | $215,000 | $73,000 | $215,000 | ' |
Minimum [Member] | Real Estate held for sale [Member] | ' | ' | ' | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | ' | ' | 0.00% | ' | ' |
Maximum [Member] | Real Estate held for sale [Member] | ' | ' | ' | ' | ' |
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items] | ' | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | ' | ' | 20.00% | ' | ' |
Stock_Compensation_Plans_Detai
Stock Compensation Plans (Details) | 6 Months Ended |
Jun. 30, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Expected average risk-free rate | 1.64% |
Expected average life | '7 years 5 months 8 days |
Expected volatility | 44.62% |
Expected dividend yield | 2.17% |
Stock_Compensation_Plans_Detai1
Stock Compensation Plans (Details 1) (USD $) | 6 Months Ended |
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Options outstanding, January 1, 2014 | 251,020 |
Options Outstanding, Forfeited or cancelled | -34,100 |
Options Outstanding, Exercised | -26,900 |
Options Outstanding, Granted | 500 |
Options outstanding, June 30, 2014 | 190,520 |
Options Outstanding, Vested or expected to vest at June 30, 2014 | 190,520 |
Options Outstanding, Exercisable at June 30, 2014 | 190,020 |
Weighted Average Exercise Price, Outstanding, January 1, 2014 | $20.76 |
Weighted Average Exercise Price, Forfeited or cancelled | $26.72 |
Weighted Average Exercise Price, Exercised | $16.09 |
Weighted Average Exercise Price, Granted | $27.59 |
Weighted Average Exercise Price, Outstanding, June 30, 2014 | $20.37 |
Weighted Average Exercise Price, Vested or expected to vest at June 30, 2014 | $20.37 |
Weighted Average Exercise Price, Exercisable at June 30, 2014 | $20.35 |
Weighted Average Remaining Contractual Term (in years), Outstanding, June 30, 2014 | '3 years 29 days |
Weighted Average Remaining Contractual Term (in years), Vested or expected to vest at June 30, 2014 | '3 years 29 days |
Weighted Average Remaining Contractual Term (in years), Exercisable at June 30, 2014 | '3 years 25 days |
Aggregate Intrinsic Value, Outstanding, June 30, 2014 | $1,587 |
Aggregate Intrinsic Value, Vested or expected to vest at June 30, 2014 | 1,587 |
Aggregate Intrinsic Value, Exercisable at June 30, 2014 | $1,586 |
Stock_Compensation_Plans_Detai2
Stock Compensation Plans (Details 2) (USD $) | 6 Months Ended |
Jun. 30, 2014 | |
Restricted Stock Units (RSUs) [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Shares, Unvested at January 1, 2014 | 106,061 |
Shares, Granted | 30,538 |
Shares, Vested | -7,320 |
Shares, Forfeited | -37,467 |
Shares, Unvested at June 30, 2014 | 91,812 |
Weighted-Average Grant Date Fair Value, Unvested at January 1, 2014 | $18.66 |
Weighted-Average Grant Date Fair Value, Granted | $25.77 |
Weighted-Average Grant Date Fair Value, Vested | $18.63 |
Weighted-Average Grant Date Fair Value, Forfeited | $18.71 |
Weighted -Average Grant Date Fair Value, Unvested at June 30, 2014 | $21 |
Stock Grants [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Shares, Unvested at January 1, 2014 | 0 |
Shares, Granted | 13,087 |
Shares, Vested | -7,320 |
Shares, Forfeited | 0 |
Shares, Unvested at June 30, 2014 | 5,767 |
Weighted-Average Grant Date Fair Value, Unvested at January 1, 2014 | $0 |
Weighted-Average Grant Date Fair Value, Granted | $21.87 |
Weighted-Average Grant Date Fair Value, Vested | $18.63 |
Weighted-Average Grant Date Fair Value, Forfeited | $0 |
Weighted -Average Grant Date Fair Value, Unvested at June 30, 2014 | $25.97 |
Stock_Compensation_Plans_Detai3
Stock Compensation Plans (Details Textual) (USD $) | 6 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | |||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Mar. 15, 2010 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | |
Short-term Equity Incentive Plan 2013 [Member] | Equity Plan 2010 [Member] | Equity Plan 2010 [Member] | Long-term Equity Incentive Plan 2013 [Member] | Restricted Stock Units (Rsus) [Member] | Restricted Stock Units (Rsus) [Member] | Restricted Stock Units (Rsus) [Member] | Stock Option Grant, 2009 [Member] | Stock Option Grant, 2011 [Member] | Stock Option Grant, Annual [Member] | Short-term Equity Incentive Plan 2014 [Member] | Long-term Equity Incentive Plan 2014 [Member] | Short-term and Long-term Equity Incentive Plan 2014 [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | ' | ' | ' | ' | ' | 350,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 190,520 | ' | 251,020 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Vested Percentage, Year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | 40.00% | 20.00% | ' | 100.00% | ' |
Stock Option Period, Description | ' | ' | ' | ' | 'All options expire ten years from the date of grant. Vested options of retirees expire on the earlier of the scheduled expiration date or three months after the retirement date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures | ' | ' | ' | ' | ' | ' | ' | 6,425 | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate, Range Minimum | ' | ' | ' | 25.00% | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | 30.00% | 20.00% | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate, Range Maximum | ' | ' | ' | 45.00% | ' | ' | 45.00% | ' | ' | ' | ' | ' | ' | 45.00% | 45.00% | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | ' | ' | ' | ' | ' | ' | ' | ' | 30,538 | 86,065 | ' | ' | ' | ' | ' | ' |
Option Subscription, Description | ' | ' | ' | ' | ' | ' | 'The amount of benefit under the 2013 LTIP will be determined individually at the 12 month period ending December 31, 2013, the 24 month period ending December 31, 2014 and the 36 month period ending December31, 2015. The awards vesting will be as follows: 16.7% of the target award after the end of the performance period ending December 31, 2013, 27.8% of the target award at the end of the performance period ending December 31, 2014 and 55.5% of the target award at the end of the performance period ending December 31, 2015. The benefits earned under the 2013 LTIP will be paid out in equity in the first quarter following the close of the applicable performance period. The participants are required to be employed on the day of payout in order to receive such payment | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options | $5,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share Based Compensation Nonvested Awards, Total Compensation Cost Not Yet Recognized, Period For Recognition (in years) | '4 years 8 months 12 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | ' | ' | ' | ' | ' | ' | ' | 91,812 | 91,812 | 106,061 | ' | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | 130,000 | 570,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 335,000 |
Compensation Expense, Maximum | 3,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Estimated Compensation Expense, Excepted | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Compensation Expense | $1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $11.25 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends_on_Common_Stock_Deta
Dividends on Common Stock (Details Textual) (USD $) | 3 Months Ended | |||
Jun. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | Mar. 31, 2013 | |
Dividends on Common Stock [Line Items] | ' | ' | ' | ' |
Common Stock, Dividends, Per Share, Cash Paid | $0.15 | $0.15 | $0.10 | $0.10 |
Earnings_Per_Common_Share_Deta
Earnings Per Common Share (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Earnings Per Common Share [Line Items] | ' | ' | ' | ' |
Numerator for basic and diluted earnings per common share - Net income (in dollars) | $5,689 | $6,109 | $10,868 | $11,668 |
Denominator: | ' | ' | ' | ' |
Denominator for basic earnings per common share - weighted average common shares, including participating securities (in shares) | 9,607 | 9,774 | 9,644 | 9,755 |
Effect of warrants (in shares) | 350 | 306 | 345 | 301 |
Effect of restricted stock units (in shares) | 56 | 27 | 54 | 23 |
Effect of employee stock options (in shares) | 53 | 49 | 53 | 51 |
Denominator for diluted earnings per common share (in shares) | 10,066 | 10,156 | 10,096 | 10,130 |
Basic earnings per common share (in dollars per share) | $0.59 | $0.63 | $1.13 | $1.20 |
Diluted earnings per common share (in dollars per share) | $0.57 | $0.60 | $1.08 | $1.15 |
Earnings_Per_Common_Share_Deta1
Earnings Per Common Share (Details Textual) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,000 | 143,350 | 35,000 | 143,350 |
Investment_Securities_Details
Investment Securities (Details) (USD $) | 6 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | ||
Available-for-Sale Securities: | ' | ' | ||
Available-for-Sale Securities, Amortized Cost | $226,901 | $196,777 | ||
Available-for-Sale Securities, Gross Unrealized Gains | 6,619 | 5,020 | ||
Available-for-Sale Securities, Gross Unrealized Losses | -1,231 | -3,627 | ||
Available-for-Sale Securities, Fair Value | 232,289 | 198,170 | ||
Held-to-Maturity Securities: | ' | ' | ||
Held-to-Maturity Securities, Amortized Cost | 330 | [1] | 387 | [1] |
Held-to-Maturity Securities, Gross Unrealized Gains | 3 | [1] | 6 | [1] |
Held-to-Maturity Securities, Gross Unrealized Losses | 0 | [1] | 0 | [1] |
Held-to-Maturity Securities, Fair Value | 333 | [1] | 393 | [1] |
US Government Corporations and Agencies Securities [Member] | ' | ' | ||
Available-for-Sale Securities: | ' | ' | ||
Available-for-Sale Securities, Amortized Cost | 5,000 | 5,000 | ||
Available-for-Sale Securities, Gross Unrealized Gains | 24 | 0 | ||
Available-for-Sale Securities, Gross Unrealized Losses | -22 | -79 | ||
Available-for-Sale Securities, Fair Value | 5,002 | 4,921 | ||
Residential Mortgage Backed Securities [Member] | ' | ' | ||
Available-for-Sale Securities: | ' | ' | ||
Available-for-Sale Securities, Amortized Cost | 48,569 | 41,368 | ||
Available-for-Sale Securities, Gross Unrealized Gains | 971 | 765 | ||
Available-for-Sale Securities, Gross Unrealized Losses | -349 | -841 | ||
Available-for-Sale Securities, Fair Value | 49,191 | 41,292 | ||
Collateralized Mortgage Backed Securities [Member] | ' | ' | ||
Available-for-Sale Securities: | ' | ' | ||
Available-for-Sale Securities, Amortized Cost | 79,161 | 59,865 | ||
Available-for-Sale Securities, Gross Unrealized Gains | 977 | 739 | ||
Available-for-Sale Securities, Gross Unrealized Losses | -684 | -763 | ||
Available-for-Sale Securities, Fair Value | 79,454 | 59,841 | ||
Trust Preferred Securities and Preferred Stock [Member] | ' | ' | ||
Available-for-Sale Securities: | ' | ' | ||
Available-for-Sale Securities, Amortized Cost | ' | 3,264 | ||
Available-for-Sale Securities, Gross Unrealized Gains | ' | 683 | ||
Available-for-Sale Securities, Gross Unrealized Losses | ' | -993 | ||
Available-for-Sale Securities, Fair Value | ' | 2,954 | ||
Real Estate Mortgage Investment Conduits [Member] | ' | ' | ||
Available-for-Sale Securities: | ' | ' | ||
Available-for-Sale Securities, Amortized Cost | 1,940 | ' | ||
Available-for-Sale Securities, Gross Unrealized Gains | 17 | ' | ||
Available-for-Sale Securities, Gross Unrealized Losses | 0 | ' | ||
Available-for-Sale Securities, Fair Value | 1,957 | ' | ||
Corporate Bond Securities [Member] | ' | ' | ||
Available-for-Sale Securities: | ' | ' | ||
Available-for-Sale Securities, Amortized Cost | 6,884 | 8,854 | ||
Available-for-Sale Securities, Gross Unrealized Gains | 122 | 129 | ||
Available-for-Sale Securities, Gross Unrealized Losses | -16 | -41 | ||
Available-for-Sale Securities, Fair Value | 6,990 | 8,942 | ||
US States and Political Subdivisions Debt Securities [Member] | ' | ' | ||
Available-for-Sale Securities: | ' | ' | ||
Available-for-Sale Securities, Amortized Cost | 85,347 | 78,426 | ||
Available-for-Sale Securities, Gross Unrealized Gains | 4,508 | 2,704 | ||
Available-for-Sale Securities, Gross Unrealized Losses | -160 | -910 | ||
Available-for-Sale Securities, Fair Value | 89,695 | 80,220 | ||
Held-to-Maturity Securities: | ' | ' | ||
Held-to-Maturity Securities, Amortized Cost | 155 | [1] | 186 | [1] |
Held-to-Maturity Securities, Gross Unrealized Gains | 0 | [1] | 0 | [1] |
Held-to-Maturity Securities, Gross Unrealized Losses | 0 | [1] | 0 | [1] |
Held-to-Maturity Securities, Fair Value | 155 | [1] | 186 | [1] |
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ' | ' | ||
Held-to-Maturity Securities: | ' | ' | ||
Held-to-Maturity Securities, Amortized Cost | 29 | [1] | 31 | [1] |
Held-to-Maturity Securities, Gross Unrealized Gains | 0 | [1] | 0 | [1] |
Held-to-Maturity Securities, Gross Unrealized Losses | 0 | [1] | 0 | [1] |
Held-to-Maturity Securities, Fair Value | 29 | [1] | 31 | [1] |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ' | ' | ||
Held-to-Maturity Securities: | ' | ' | ||
Held-to-Maturity Securities, Amortized Cost | 102 | [1] | 120 | [1] |
Held-to-Maturity Securities, Gross Unrealized Gains | 2 | [1] | 4 | [1] |
Held-to-Maturity Securities, Gross Unrealized Losses | 0 | [1] | 0 | [1] |
Held-to-Maturity Securities, Fair Value | 104 | [1] | 124 | [1] |
Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | ' | ' | ||
Held-to-Maturity Securities: | ' | ' | ||
Held-to-Maturity Securities, Amortized Cost | 44 | [1] | 50 | [1] |
Held-to-Maturity Securities, Gross Unrealized Gains | 1 | [1] | 2 | [1] |
Held-to-Maturity Securities, Gross Unrealized Losses | 0 | [1] | 0 | [1] |
Held-to-Maturity Securities, Fair Value | $45 | [1] | $52 | [1] |
[1] | FHLMC, FNMA, and GNMA certificates are residential mortgage-backed securities. |
Investment_Securities_Details_
Investment Securities (Details 1) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Investment Securities [Line Items] | ' | ' | ||
Available-for-sale, Due in one year or less, Amortized Cost | $1,007 | ' | ||
Available-for-sale, Due after one year through five years, Amortized Cost | 9,398 | ' | ||
Available-for-sale, Due after five years through ten years, Amortized Cost | 38,245 | ' | ||
Available-for-sale, Due after ten years, Amortized Cost | 48,581 | ' | ||
Available-for-sale, MBS/CMO, Amortized Cost | 129,670 | ' | ||
Available-for-sale, Amortized Cost | 226,901 | ' | ||
Available-for-sale, Due in one year or less, Fair Value | 1,017 | ' | ||
Available-for-sale, Due after one year through five years, Fair Value | 9,691 | ' | ||
Available-for-sale, Due after five years through ten years, Fair Value | 40,045 | ' | ||
Available-for-sale, Due after ten years, Fair Value | 50,934 | ' | ||
Available-for-sale, MBS/CMO, Fair Value | 130,602 | ' | ||
Available-for-sale, Fair Value | 232,289 | 198,170 | ||
Held-to-maturity, Due after one year through five years, Amortized Cost | 155 | ' | ||
Held-to-maturity, MBS/CMO, Amortized Cost | 175 | ' | ||
Held-to-maturity, Amortized Cost | 330 | [1] | 387 | [1] |
Held-to-maturity, Due after five years through ten years, Fair Value | 155 | ' | ||
Held-to-maturity, MBS/CMO, Fair Value | 178 | ' | ||
Held-to-maturity, Fair Value | $333 | [1] | $393 | [1] |
[1] | FHLMC, FNMA, and GNMA certificates are residential mortgage-backed securities. |
Investment_Securities_Details_1
Investment Securities (Details 2) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Investment Securities [Line Items] | ' | ' |
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value | $28,179 | $78,465 |
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss | -375 | -2,595 |
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value | 42,047 | 957 |
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss | -856 | -1,032 |
Available-for-sale securities, Total, Fair Value | 70,226 | 79,422 |
Available-for-sale securities, Total, Unrealized Loss | -1,231 | -3,627 |
Us Government Corporations and Agencies Securities [Member] | ' | ' |
Investment Securities [Line Items] | ' | ' |
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value | 0 | 4,921 |
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss | 0 | -79 |
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value | 978 | 0 |
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss | -22 | 0 |
Available-for-sale securities, Total, Fair Value | 978 | 4,921 |
Available-for-sale securities, Total, Unrealized Loss | -22 | -79 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Investment Securities [Line Items] | ' | ' |
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value | 5,723 | 24,846 |
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss | -25 | -841 |
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value | 18,641 | 0 |
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss | -324 | 0 |
Available-for-sale securities, Total, Fair Value | 24,364 | 24,846 |
Available-for-sale securities, Total, Unrealized Loss | -349 | -841 |
Collateralized Mortgage Obligations [Member] | ' | ' |
Investment Securities [Line Items] | ' | ' |
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value | 21,077 | 26,530 |
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss | -321 | -763 |
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value | 12,646 | 0 |
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss | -363 | 0 |
Available-for-sale securities, Total, Fair Value | 33,723 | 26,530 |
Available-for-sale securities, Total, Unrealized Loss | -684 | -763 |
Corporate Bond Securities [Member] | ' | ' |
Investment Securities [Line Items] | ' | ' |
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value | 0 | 2,959 |
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss | 0 | -41 |
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value | 984 | 0 |
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss | -16 | 0 |
Available-for-sale securities, Total, Fair Value | 984 | 2,959 |
Available-for-sale securities, Total, Unrealized Loss | -16 | -41 |
Trust Preferred Securities and Preferred Stock [Member] | ' | ' |
Investment Securities [Line Items] | ' | ' |
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value | ' | 0 |
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss | ' | 0 |
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value | ' | 582 |
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss | ' | -993 |
Available-for-sale securities, Total, Fair Value | ' | 582 |
Available-for-sale securities, Total, Unrealized Loss | ' | -993 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Investment Securities [Line Items] | ' | ' |
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value | 1,379 | 19,209 |
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss | -29 | -871 |
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value | 8,798 | 375 |
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss | -131 | -39 |
Available-for-sale securities, Total, Fair Value | 10,177 | 19,584 |
Available-for-sale securities, Total, Unrealized Loss | ($160) | ($910) |
Investment_Securities_Details_2
Investment Securities (Details 3) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Investment Securities [Line Items] | ' | ' | ' | ' |
Proceeds | $2,128 | $3,008 | $3,782 | $4,027 |
Gross realized gains | 1,113 | 43 | 1,113 | 97 |
Gross realized losses | ($642) | $0 | ($642) | $0 |
Investment_Securities_Details_3
Investment Securities (Details Textual) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Investment Securities [Line Items] | ' | ' | ' | ' | ' |
Security Owned and Pledged as Collateral Carrying Value | $136,700,000 | ' | $136,700,000 | ' | ' |
Investment Portfolio, Number of Securities | 354 | ' | 354 | ' | ' |
Investment Portfolio, Number of Securities, Unrealized Loss | 59 | ' | 59 | ' | ' |
Realized Investment Gains (Losses) | 471,000 | 44,000 | 471,000 | 97,000 | ' |
Realized Investment Gains Losses, Net of Tax | 330,000 | 31,000 | 306,000 | 68,000 | ' |
Other Comprehensive Income (Loss), before Tax | ' | ' | 0 | ' | 645,000 |
Collateralized Debt Obligations [Member] | ' | ' | ' | ' | ' |
Investment Securities [Line Items] | ' | ' | ' | ' | ' |
Gain (Loss) on Sale of Debt Investments | ' | ' | $329,000 | ' | ' |
Loans_Details
Loans (Details) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Real Estate: | ' | ' | ' | ' | ' | ' |
Real Estate | $1,110,287 | ' | $1,101,428 | ' | ' | ' |
Other Loans: | ' | ' | ' | ' | ' | ' |
Other Loans | 514,315 | ' | 512,068 | ' | ' | ' |
Total loans | 1,624,602 | ' | 1,613,496 | ' | ' | ' |
Deduct: | ' | ' | ' | ' | ' | ' |
Undisbursed loan funds | -41,874 | ' | -32,290 | ' | ' | ' |
Net deferred loan origination fees and costs | -744 | ' | -758 | ' | ' | ' |
Allowance for loan loss | -24,627 | -24,783 | -24,950 | -26,270 | -26,459 | -26,711 |
Total | 1,557,357 | ' | 1,555,498 | ' | ' | ' |
One to Four Family Residential Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Real Estate: | ' | ' | ' | ' | ' | ' |
Real Estate | 199,886 | ' | 195,752 | ' | ' | ' |
Multi Family Residential [Member] | ' | ' | ' | ' | ' | ' |
Real Estate: | ' | ' | ' | ' | ' | ' |
Real Estate | 151,008 | ' | 148,952 | ' | ' | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Real Estate: | ' | ' | ' | ' | ' | ' |
Real Estate | 650,915 | ' | 670,666 | ' | ' | ' |
Construction Loans [Member] | ' | ' | ' | ' | ' | ' |
Real Estate: | ' | ' | ' | ' | ' | ' |
Real Estate | 108,478 | ' | 86,058 | ' | ' | ' |
Commercial Loan [Member] | ' | ' | ' | ' | ' | ' |
Other Loans: | ' | ' | ' | ' | ' | ' |
Other Loans | 390,055 | ' | 388,236 | ' | ' | ' |
Home Equity and Home Improvement [Member] | ' | ' | ' | ' | ' | ' |
Other Loans: | ' | ' | ' | ' | ' | ' |
Other Loans | 108,460 | ' | 106,930 | ' | ' | ' |
Consumer Loan [Member] | ' | ' | ' | ' | ' | ' |
Other Loans: | ' | ' | ' | ' | ' | ' |
Other Loans | $15,800 | ' | $16,902 | ' | ' | ' |
Loans_Details_1
Loans (Details 1) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Beginning Allowance | $24,783 | $26,459 | $24,950 | $26,711 |
Charge-Offs | -1,146 | -961 | -2,322 | -1,956 |
Recoveries | 544 | 324 | 1,450 | 642 |
Provisions | 446 | 448 | 549 | 873 |
Ending Allowance | 24,627 | 26,270 | 24,627 | 26,270 |
One to Four Family Residential Real Estate [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Beginning Allowance | 2,639 | 3,433 | 2,847 | 3,506 |
Charge-Offs | -42 | -184 | -270 | -390 |
Recoveries | 98 | 33 | 154 | 132 |
Provisions | -350 | -85 | -386 | -51 |
Ending Allowance | 2,345 | 3,197 | 2,345 | 3,197 |
Multi Family Residential Real Estate [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Beginning Allowance | 2,615 | 2,410 | 2,508 | 2,197 |
Charge-Offs | 0 | -6 | 0 | -6 |
Recoveries | 2 | 0 | 5 | 0 |
Provisions | -137 | 21 | -33 | 234 |
Ending Allowance | 2,480 | 2,425 | 2,480 | 2,425 |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Beginning Allowance | 11,987 | 13,367 | 12,000 | 12,702 |
Charge-Offs | -39 | -277 | -267 | -543 |
Recoveries | 200 | 167 | 922 | 268 |
Provisions | -672 | -117 | -1,179 | 713 |
Ending Allowance | 11,476 | 13,140 | 11,476 | 13,140 |
Construction Loans [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Beginning Allowance | 138 | 67 | 134 | 75 |
Charge-Offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Provisions | 61 | 16 | 65 | 8 |
Ending Allowance | 199 | 83 | 199 | 83 |
Commercial Loan [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Beginning Allowance | 5,610 | 5,304 | 5,678 | 6,325 |
Charge-Offs | -973 | -316 | -1,498 | -521 |
Recoveries | 173 | 57 | 249 | 133 |
Provisions | 1,389 | 429 | 1,770 | -463 |
Ending Allowance | 6,199 | 5,474 | 6,199 | 5,474 |
Home Equity and Home Improvement [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Beginning Allowance | 1,647 | 1,723 | 1,635 | 1,759 |
Charge-Offs | -80 | -170 | -264 | -442 |
Recoveries | 55 | 38 | 86 | 61 |
Provisions | 158 | 195 | 323 | 408 |
Ending Allowance | 1,780 | 1,786 | 1,780 | 1,786 |
Consumer Loan [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Beginning Allowance | 147 | 155 | 148 | 147 |
Charge-Offs | -12 | -8 | -23 | -54 |
Recoveries | 16 | 29 | 34 | 48 |
Provisions | -3 | -11 | -11 | 24 |
Ending Allowance | $148 | $165 | $148 | $165 |
Loans_Details_2
Loans (Details 2) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Ending allowance balance attributable to loans: | ' | ' |
Individually evaluated for impairment | $1,358 | $1,392 |
Collectively evaluated for impairment | 23,269 | 23,558 |
Acquired with deteriorated credit quality | 0 | 0 |
Total ending allowance balance | 24,627 | 24,950 |
Loans: | ' | ' |
Loans individually evaluated for impairment | 49,577 | 57,441 |
Loans collectively evaluated for impairment | 1,537,122 | 1,527,848 |
Loans acquired with deteriorated credit quality | 194 | 230 |
Total ending loans balance | 1,586,893 | 1,585,519 |
One to Four Family Residential Real Estate [Member] | ' | ' |
Ending allowance balance attributable to loans: | ' | ' |
Individually evaluated for impairment | 182 | 220 |
Collectively evaluated for impairment | 2,163 | 2,627 |
Acquired with deteriorated credit quality | 0 | 0 |
Total ending allowance balance | 2,345 | 2,847 |
Loans: | ' | ' |
Loans individually evaluated for impairment | 9,796 | 10,245 |
Loans collectively evaluated for impairment | 190,502 | 185,923 |
Loans acquired with deteriorated credit quality | 1 | 29 |
Total ending loans balance | 200,299 | 196,197 |
Multi Family Residential Real Estate [Member] | ' | ' |
Ending allowance balance attributable to loans: | ' | ' |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 2,480 | 2,508 |
Acquired with deteriorated credit quality | 0 | 0 |
Total ending allowance balance | 2,480 | 2,508 |
Loans: | ' | ' |
Loans individually evaluated for impairment | 358 | 840 |
Loans collectively evaluated for impairment | 150,782 | 148,294 |
Loans acquired with deteriorated credit quality | 0 | 0 |
Total ending loans balance | 151,140 | 149,134 |
Commercial Real Estate [Member] | ' | ' |
Ending allowance balance attributable to loans: | ' | ' |
Individually evaluated for impairment | 1,129 | 1,121 |
Collectively evaluated for impairment | 10,347 | 10,879 |
Acquired with deteriorated credit quality | 0 | 0 |
Total ending allowance balance | 11,476 | 12,000 |
Loans: | ' | ' |
Loans individually evaluated for impairment | 29,630 | 34,874 |
Loans collectively evaluated for impairment | 623,996 | 637,657 |
Loans acquired with deteriorated credit quality | 169 | 174 |
Total ending loans balance | 653,795 | 672,705 |
Construction Loans [Member] | ' | ' |
Ending allowance balance attributable to loans: | ' | ' |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 199 | 134 |
Acquired with deteriorated credit quality | 0 | 0 |
Total ending allowance balance | 199 | 134 |
Loans: | ' | ' |
Loans individually evaluated for impairment | 262 | 263 |
Loans collectively evaluated for impairment | 66,312 | 53,467 |
Loans acquired with deteriorated credit quality | 0 | 0 |
Total ending loans balance | 66,574 | 53,730 |
Commercial Loan [Member] | ' | ' |
Ending allowance balance attributable to loans: | ' | ' |
Individually evaluated for impairment | 23 | 6 |
Collectively evaluated for impairment | 6,176 | 5,672 |
Acquired with deteriorated credit quality | 0 | 0 |
Total ending allowance balance | 6,199 | 5,678 |
Loans: | ' | ' |
Loans individually evaluated for impairment | 7,385 | 8,737 |
Loans collectively evaluated for impairment | 383,031 | 380,711 |
Loans acquired with deteriorated credit quality | 24 | 27 |
Total ending loans balance | 390,440 | 389,475 |
Home Equity and Home Improvement [Member] | ' | ' |
Ending allowance balance attributable to loans: | ' | ' |
Individually evaluated for impairment | 24 | 45 |
Collectively evaluated for impairment | 1,756 | 1,590 |
Acquired with deteriorated credit quality | 0 | 0 |
Total ending allowance balance | 1,780 | 1,635 |
Loans: | ' | ' |
Loans individually evaluated for impairment | 2,099 | 2,429 |
Loans collectively evaluated for impairment | 106,760 | 104,958 |
Loans acquired with deteriorated credit quality | 0 | 0 |
Total ending loans balance | 108,859 | 107,387 |
Consumer Loan [Member] | ' | ' |
Ending allowance balance attributable to loans: | ' | ' |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 148 | 148 |
Acquired with deteriorated credit quality | 0 | 0 |
Total ending allowance balance | 148 | 148 |
Loans: | ' | ' |
Loans individually evaluated for impairment | 47 | 53 |
Loans collectively evaluated for impairment | 15,739 | 16,838 |
Loans acquired with deteriorated credit quality | 0 | 0 |
Total ending loans balance | $15,786 | $16,891 |
Loans_Details_3
Loans (Details 3) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | $50,369 | $66,989 | $51,776 | $68,371 |
Interest Income Recognized | 401 | 598 | 807 | 1,067 |
Cash Basis Income Recognized | 394 | 575 | 798 | 1,023 |
Residential Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 6,133 | 6,693 | 6,231 | 6,811 |
Interest Income Recognized | 81 | 92 | 166 | 180 |
Cash Basis Income Recognized | 75 | 92 | 158 | 178 |
Residential Non Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 3,715 | 4,443 | 3,900 | 4,583 |
Interest Income Recognized | 32 | 43 | 70 | 79 |
Cash Basis Income Recognized | 33 | 44 | 71 | 79 |
One To Four Family Residential Real Estate [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 9,848 | 11,136 | 10,131 | 11,394 |
Interest Income Recognized | 113 | 135 | 236 | 259 |
Cash Basis Income Recognized | 108 | 136 | 229 | 257 |
Construction Loans [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 261 | 131 | 261 | 102 |
Interest Income Recognized | 3 | 3 | 6 | 3 |
Cash Basis Income Recognized | 4 | 2 | 9 | 2 |
Multi Family Residential Real Estate [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 369 | 1,277 | 378 | 1,393 |
Interest Income Recognized | 1 | 5 | 2 | 11 |
Cash Basis Income Recognized | 1 | 6 | 2 | 13 |
Commercial Real Estate Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 8,967 | 14,452 | 9,402 | 14,536 |
Interest Income Recognized | 37 | 120 | 73 | 183 |
Cash Basis Income Recognized | 33 | 118 | 68 | 176 |
Commercial Real Estate Non Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 18,469 | 23,692 | 18,912 | 24,080 |
Interest Income Recognized | 201 | 236 | 405 | 439 |
Cash Basis Income Recognized | 204 | 230 | 408 | 423 |
Agriculture Land [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 683 | 889 | 685 | 886 |
Interest Income Recognized | 5 | 8 | 8 | 17 |
Cash Basis Income Recognized | 3 | 3 | 5 | 10 |
Commercial Real Estate Other Receivable [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 1,788 | 4,526 | 1,825 | 4,783 |
Interest Income Recognized | 5 | 12 | 10 | 14 |
Cash Basis Income Recognized | 6 | 8 | 11 | 9 |
Commercial Real Estate [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 29,907 | 43,559 | 30,824 | 44,285 |
Interest Income Recognized | 248 | 376 | 496 | 653 |
Cash Basis Income Recognized | 246 | 359 | 492 | 618 |
Commercial Working Capital [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 3,286 | 1,346 | 3,105 | 1,593 |
Interest Income Recognized | 8 | 17 | 11 | 20 |
Cash Basis Income Recognized | 8 | 17 | 11 | 22 |
Commercial Loans Other [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 4,552 | 6,669 | 4,756 | 6,759 |
Interest Income Recognized | 2 | 28 | 4 | 51 |
Cash Basis Income Recognized | 1 | 23 | 3 | 45 |
Commercial Loan [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 7,838 | 8,015 | 7,861 | 8,352 |
Interest Income Recognized | 10 | 45 | 15 | 71 |
Cash Basis Income Recognized | 9 | 40 | 14 | 67 |
Home Equity and Home Improvement [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 2,095 | 2,789 | 2,267 | 2,749 |
Interest Income Recognized | 25 | 33 | 50 | 67 |
Cash Basis Income Recognized | 25 | 31 | 50 | 63 |
Consumer Loan [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Average Balance | 51 | 82 | 54 | 96 |
Interest Income Recognized | 1 | 1 | 2 | 3 |
Cash Basis Income Recognized | $1 | $1 | $2 | $3 |
Loans_Details_4
Loans (Details 4) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | $37,594 | [1] | $46,532 | [1] |
Recorded Investment, With No Residential Allowance | 31,582 | 39,823 | ||
Unpaid Principal Balance, With Related Allowance | 18,410 | [1] | 18,041 | [1] |
Recorded Investment, With Related Allowance | 17,995 | 17,618 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 1,358 | 1,392 | ||
Residential Owner Occupied [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 3,698 | [1] | 4,744 | [1] |
Recorded Investment, With No Residential Allowance | 4,307 | 4,729 | ||
Unpaid Principal Balance, With Related Allowance | 1,801 | [1] | 1,100 | [1] |
Recorded Investment, With Related Allowance | 1,805 | 1,103 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 181 | 218 | ||
Residential Non Owner Occupied [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 4,416 | [1] | 4,844 | [1] |
Recorded Investment, With No Residential Allowance | 3,602 | 4,329 | ||
Unpaid Principal Balance, With Related Allowance | 82 | [1] | 84 | [1] |
Recorded Investment, With Related Allowance | 82 | 84 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 1 | 2 | ||
One To Four Family Residential Real Estate [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 8,114 | [1] | 9,588 | [1] |
Recorded Investment, With No Residential Allowance | 7,909 | 9,058 | ||
Unpaid Principal Balance, With Related Allowance | 1,883 | [1] | 1,184 | [1] |
Recorded Investment, With Related Allowance | 1,887 | 1,187 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 182 | 220 | ||
Multi Family Residential Real Estate [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 508 | [1] | 989 | [1] |
Recorded Investment, With No Residential Allowance | 358 | 840 | ||
Unpaid Principal Balance, With Related Allowance | 0 | [1] | 0 | [1] |
Recorded Investment, With Related Allowance | 0 | 0 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 0 | 0 | ||
Commercial Real Estate Owner Occupied [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 8,453 | [1] | 11,105 | [1] |
Recorded Investment, With No Residential Allowance | 6,159 | 8,376 | ||
Unpaid Principal Balance, With Related Allowance | 3,101 | [1] | 3,212 | [1] |
Recorded Investment, With Related Allowance | 2,659 | 2,765 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 157 | 166 | ||
Commercial Real Estate Non Owner Occupied [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 6,761 | [1] | 9,399 | [1] |
Recorded Investment, With No Residential Allowance | 5,895 | 7,740 | ||
Unpaid Principal Balance, With Related Allowance | 12,430 | [1] | 12,756 | [1] |
Recorded Investment, With Related Allowance | 12,475 | 12,803 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 964 | 946 | ||
Agriculture Land [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 486 | [1] | 629 | [1] |
Recorded Investment, With No Residential Allowance | 467 | 488 | ||
Unpaid Principal Balance, With Related Allowance | 210 | [1] | 195 | [1] |
Recorded Investment, With Related Allowance | 215 | 197 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 6 | 7 | ||
Commercial Real Estate Other Receivables [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 2,256 | [1] | 3,274 | [1] |
Recorded Investment, With No Residential Allowance | 1,710 | 2,452 | ||
Unpaid Principal Balance, With Related Allowance | 79 | [1] | 82 | [1] |
Recorded Investment, With Related Allowance | 50 | 53 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 2 | 2 | ||
Commercial Real Estate [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 17,955 | [1] | 24,407 | [1] |
Recorded Investment, With No Residential Allowance | 14,231 | 19,056 | ||
Unpaid Principal Balance, With Related Allowance | 15,820 | [1] | 16,245 | [1] |
Recorded Investment, With Related Allowance | 15,399 | 15,818 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 1,129 | 1,121 | ||
Commercial Working Capital [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 3,787 | [1] | 3,147 | [1] |
Recorded Investment, With No Residential Allowance | 2,548 | 3,146 | ||
Unpaid Principal Balance, With Related Allowance | 500 | [1] | 0 | [1] |
Recorded Investment, With Related Allowance | 501 | 0 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 15 | 0 | ||
Commercial Loans Other [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 4,923 | [1] | 6,063 | [1] |
Recorded Investment, With No Residential Allowance | 4,280 | 5,415 | ||
Unpaid Principal Balance, With Related Allowance | 55 | [1] | 176 | [1] |
Recorded Investment, With Related Allowance | 56 | 176 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 8 | 6 | ||
Commercial Loan [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 8,710 | [1] | 9,210 | [1] |
Recorded Investment, With No Residential Allowance | 6,828 | 8,561 | ||
Unpaid Principal Balance, With Related Allowance | 555 | [1] | 176 | [1] |
Recorded Investment, With Related Allowance | 557 | 176 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 23 | 6 | ||
Home Equity and Home Improvement [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 1,997 | [1] | 1,985 | [1] |
Recorded Investment, With No Residential Allowance | 1,947 | 1,992 | ||
Unpaid Principal Balance, With Related Allowance | 152 | [1] | 436 | [1] |
Recorded Investment, With Related Allowance | 152 | 437 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 24 | 45 | ||
Consumer Loan [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 48 | [1] | 53 | [1] |
Recorded Investment, With No Residential Allowance | 47 | 53 | ||
Unpaid Principal Balance, With Related Allowance | 0 | [1] | 0 | [1] |
Recorded Investment, With Related Allowance | 0 | 0 | ||
Allowance for Loan Losses Allocated, With Related Allowance | 0 | 0 | ||
construction [Member] | ' | ' | ||
Impaired loans | ' | ' | ||
Unpaid Principal Balance, With No Residential Allowance | 261 | [1] | 300 | [1] |
Recorded Investment, With No Residential Allowance | 262 | 263 | ||
Unpaid Principal Balance, With Related Allowance | 0 | [1] | 0 | [1] |
Recorded Investment, With Related Allowance | 0 | 0 | ||
Allowance for Loan Losses Allocated, With Related Allowance | $0 | $0 | ||
[1] | Presented gross of charge-offs |
Loans_Details_5
Loans (Details 5) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Non-accrual loans | $24,863 | $27,847 |
Loans over 90 days past due and still accruing | 0 | 0 |
Total non-performing loans | 24,863 | 27,847 |
Real estate and other assets held for sale | 5,554 | 5,859 |
Total non-performing assets | $30,417 | $33,706 |
Loans_Details_6
Loans (Details 6) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | $1,573,156 | $1,566,791 |
30-59 days | 1,786 | 4,814 |
60-89 days | 442 | 2,188 |
90+ days | 11,509 | 11,726 |
Total Past Due | 13,737 | 18,728 |
Total Non Accrual | 24,868 | 27,855 |
Residential Owner Occupied [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 134,417 | 126,855 |
30-59 days | 429 | 1,530 |
60-89 days | 297 | 191 |
90+ days | 790 | 1,009 |
Total Past Due | 1,516 | 2,730 |
Total Non Accrual | 1,085 | 1,329 |
Residential Non Owner Occupied [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 63,228 | 65,292 |
30-59 days | 0 | 531 |
60-89 days | 12 | 403 |
90+ days | 1,126 | 386 |
Total Past Due | 1,138 | 1,320 |
Total Non Accrual | 1,815 | 1,943 |
One To Four Family Residential Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 197,645 | 192,147 |
30-59 days | 429 | 2,061 |
60-89 days | 309 | 594 |
90+ days | 1,916 | 1,395 |
Total Past Due | 2,654 | 4,050 |
Total Non Accrual | 2,900 | 3,272 |
Multi Family Residential Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 151,140 | 149,134 |
30-59 days | 0 | 0 |
60-89 days | 0 | 0 |
90+ days | 0 | 0 |
Total Past Due | 0 | 0 |
Total Non Accrual | 429 | 583 |
Commercial Real Estate Owner Occupied [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 297,739 | 311,253 |
30-59 days | 41 | 334 |
60-89 days | 0 | 495 |
90+ days | 1,812 | 3,671 |
Total Past Due | 1,853 | 4,500 |
Total Non Accrual | 7,041 | 7,492 |
Commercial Real Estate Non Owner Occupied [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 227,708 | 225,433 |
30-59 days | 29 | 1,067 |
60-89 days | 0 | 918 |
90+ days | 2,058 | 902 |
Total Past Due | 2,087 | 2,887 |
Total Non Accrual | 4,969 | 4,717 |
Agriculture Land [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 84,632 | 81,954 |
30-59 days | 137 | 21 |
60-89 days | 0 | 0 |
90+ days | 329 | 73 |
Total Past Due | 466 | 94 |
Total Non Accrual | 751 | 630 |
Commercial Real Estate Other Receivable [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 39,050 | 45,297 |
30-59 days | 0 | 0 |
60-89 days | 0 | 0 |
90+ days | 260 | 1,287 |
Total Past Due | 260 | 1,287 |
Total Non Accrual | 1,619 | 2,412 |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 649,129 | 663,937 |
30-59 days | 207 | 1,422 |
60-89 days | 0 | 1,413 |
90+ days | 4,459 | 5,933 |
Total Past Due | 4,666 | 8,768 |
Total Non Accrual | 14,380 | 15,251 |
construction [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 66,574 | 53,730 |
30-59 days | 0 | 0 |
60-89 days | 0 | 0 |
90+ days | 0 | 0 |
Total Past Due | 0 | 0 |
Total Non Accrual | 0 | 0 |
Commercial Working Capital [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 144,112 | 155,373 |
30-59 days | 3 | 0 |
60-89 days | 0 | 0 |
90+ days | 1,545 | 419 |
Total Past Due | 1,548 | 419 |
Total Non Accrual | 2,368 | 2,917 |
Commercial Loans Other [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 241,199 | 230,054 |
30-59 days | 94 | 37 |
60-89 days | 0 | 26 |
90+ days | 3,487 | 3,566 |
Total Past Due | 3,581 | 3,629 |
Total Non Accrual | 4,689 | 5,419 |
Commercial Loan [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 385,311 | 385,427 |
30-59 days | 97 | 37 |
60-89 days | 0 | 26 |
90+ days | 5,032 | 3,985 |
Total Past Due | 5,129 | 4,048 |
Total Non Accrual | 7,057 | 8,336 |
Consumer Loan [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 15,696 | 16,759 |
30-59 days | 84 | 131 |
60-89 days | 6 | ' |
90+ days | 0 | 0 |
Total Past Due | 90 | 131 |
Total Non Accrual | 0 | 0 |
Home Equity and Home Improvement [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Current | 107,661 | 105,657 |
30-59 days | 969 | 1,163 |
60-89 days | 127 | 155 |
90+ days | 102 | 413 |
Total Past Due | 1,198 | 1,731 |
Total Non Accrual | $102 | $413 |
Loans_Details_7
Loans (Details 7) (Troubled Debt Restructuring [Member], USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Number | Number | Number | Number | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Number of Loans | 21 | 14 | 36 | 32 |
Troubled Debt Restructurings, Recorded Investment | $1,500 | $2,657 | $3,592 | $4,021 |
Residential Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Number of Loans | 7 | 3 | 15 | 8 |
Troubled Debt Restructurings, Recorded Investment | 674 | 316 | 1,372 | 752 |
Residential Non Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Number of Loans | 0 | 0 | 0 | 1 |
Troubled Debt Restructurings, Recorded Investment | 0 | 0 | 0 | 194 |
Commercial Real Estate Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Number of Loans | 0 | 3 | 0 | 4 |
Troubled Debt Restructurings, Recorded Investment | 0 | 758 | 0 | 782 |
Commercial Real Estate Non Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Number of Loans | 0 | 1 | 1 | 1 |
Troubled Debt Restructurings, Recorded Investment | 0 | 1,374 | 358 | 1,374 |
Agriculture Land [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Number of Loans | 0 | 0 | 0 | 1 |
Troubled Debt Restructurings, Recorded Investment | 0 | 0 | 0 | 217 |
Commercial Real Estate Other Receivable [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Number of Loans | 0 | 1 | 0 | 1 |
Troubled Debt Restructurings, Recorded Investment | 0 | 32 | 0 | 32 |
Other Commercial Working Capital [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Number of Loans | 9 | 1 | 11 | 1 |
Troubled Debt Restructurings, Recorded Investment | 727 | 47 | 1,676 | 47 |
Home Equity and Home Improvement [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Number of Loans | 4 | 4 | 7 | 12 |
Troubled Debt Restructurings, Recorded Investment | 82 | 119 | 167 | 609 |
Consumer Loan [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings, Number of Loans | 1 | 1 | 2 | 3 |
Troubled Debt Restructurings, Recorded Investment | $17 | $11 | $19 | $14 |
Loans_Details_8
Loans (Details 8) (Subsequently Defaulted [Member], USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Number | Number | Number | Number | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | 8 | 11 | 9 | 12 |
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | $790 | $813 | $790 | $1,481 |
Residential Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | 1 | 4 | 1 | 4 |
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | 67 | 303 | 67 | 303 |
Residential Non Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | 1 | 1 | 1 | 1 |
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | 183 | 77 | 183 | 77 |
Commercial Real Estate Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | 4 | 1 | 4 | 2 |
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | 153 | 169 | 153 | 837 |
Commercial Real Estate Non Owner Occupied [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | 0 | 1 | 0 | 1 |
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | 0 | 212 | 0 | 212 |
Agriculture Land [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | 0 | 0 | 0 | 0 |
Commercial Real Estate Other Receivable [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | 0 | 0 | 0 | 0 |
Other Commercial Working Capital [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | 3 | ' | 3 | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | 387 | ' | 387 | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | ' | 0 | ' | 0 |
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | ' | 0 | ' | 0 |
Home Equity and Home Improvement [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | 0 | 4 | 0 | 4 |
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | 0 | 52 | 0 | 52 |
Consumer Loan [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | $0 | $0 | $0 | $0 |
Loans_Details_9
Loans (Details 9) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | $1,586,893 | $1,585,519 |
Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 1,232,447 | 1,226,966 |
Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 34,814 | 37,700 |
Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 46,884 | 55,715 |
Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 850 | 45 |
Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 271,898 | 265,093 |
One To Four Family Owner Occupied [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 135,932 | 129,585 |
One To Four Family Owner Occupied [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 4,229 | 4,287 |
One To Four Family Owner Occupied [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 3 | 18 |
One To Four Family Owner Occupied [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 1,905 | 3,515 |
One To Four Family Owner Occupied [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 748 | 0 |
One To Four Family Owner Occupied [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 129,047 | 121,765 |
One To Four Family Non Owner Occupied [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 64,367 | 66,612 |
One To Four Family Non Owner Occupied [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 51,624 | 51,660 |
One To Four Family Non Owner Occupied [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 1,721 | 2,894 |
One To Four Family Non Owner Occupied [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 5,016 | 5,699 |
One To Four Family Non Owner Occupied [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
One To Four Family Non Owner Occupied [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 6,006 | 6,359 |
One To Four Family Residential Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 200,299 | 196,197 |
One To Four Family Residential Real Estate [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 55,853 | 55,947 |
One To Four Family Residential Real Estate [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 1,724 | 2,912 |
One To Four Family Residential Real Estate [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 6,921 | 9,214 |
One To Four Family Residential Real Estate [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 748 | 0 |
One To Four Family Residential Real Estate [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 135,053 | 128,124 |
Multi Family Residential Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 151,140 | 149,134 |
Multi Family Residential Real Estate [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 149,083 | 145,407 |
Multi Family Residential Real Estate [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 228 | 875 |
Multi Family Residential Real Estate [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 890 | 1,888 |
Multi Family Residential Real Estate [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Multi Family Residential Real Estate [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 939 | 964 |
Commercial Real Estate Owner Occupied [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 299,592 | 315,753 |
Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 279,863 | 291,770 |
Commercial Real Estate Owner Occupied [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 9,364 | 10,584 |
Commercial Real Estate Owner Occupied [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 8,923 | 11,665 |
Commercial Real Estate Owner Occupied [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Owner Occupied [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 1,442 | 1,734 |
Commercial Real Estate Non Owner Occupied [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 229,795 | 228,320 |
Commercial Real Estate Non Owner Occupied [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 204,659 | 200,790 |
Commercial Real Estate Non Owner Occupied [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 9,081 | 10,254 |
Commercial Real Estate Non Owner Occupied [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 16,020 | 17,185 |
Commercial Real Estate Non Owner Occupied [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Non Owner Occupied [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 35 | 91 |
Agriculture Land [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 85,098 | 82,047 |
Agriculture Land [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 81,931 | 80,418 |
Agriculture Land [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 2,020 | 578 |
Agriculture Land [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 1,147 | 1,051 |
Agriculture Land [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Agriculture Land [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Other Receivable [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 39,310 | 46,585 |
Commercial Real Estate Other Receivable [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 35,692 | 40,676 |
Commercial Real Estate Other Receivable [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 63 | 2,074 |
Commercial Real Estate Other Receivable [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 2,875 | 3,104 |
Commercial Real Estate Other Receivable [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Other Receivable [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 680 | 731 |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 653,795 | 672,705 |
Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 602,145 | 613,654 |
Commercial Real Estate [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 20,528 | 23,490 |
Commercial Real Estate [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 28,965 | 33,005 |
Commercial Real Estate [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 2,157 | 2,556 |
Commercial Working Capital [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 145,659 | 155,792 |
Commercial Working Capital [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 137,596 | 148,703 |
Commercial Working Capital [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 5,046 | 3,429 |
Commercial Working Capital [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 3,017 | 3,660 |
Commercial Working Capital [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Commercial Working Capital [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Commercial Loans Other [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 244,781 | 233,683 |
Commercial Loans Other [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 231,850 | 219,790 |
Commercial Loans Other [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 7,288 | 6,994 |
Commercial Loans Other [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 5,643 | 6,899 |
Commercial Loans Other [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Commercial Loans Other [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Commercial Loan [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 390,440 | 389,475 |
Commercial Loan [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 369,446 | 368,493 |
Commercial Loan [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 12,334 | 10,423 |
Commercial Loan [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 8,660 | 10,559 |
Commercial Loan [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Commercial Loan [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Construction Loans [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 66,574 | 53,730 |
Home Equity and Home Improvement [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 108,859 | 107,387 |
Home Equity and Home Improvement [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Home Equity and Home Improvement [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Home Equity and Home Improvement [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 1,096 | 755 |
Home Equity and Home Improvement [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 102 | 45 |
Home Equity and Home Improvement [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 107,661 | 106,587 |
Consumer Loan [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 15,786 | 16,891 |
Consumer Loan [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Consumer Loan [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Consumer Loan [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 90 | 31 |
Consumer Loan [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Consumer Loan [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 15,696 | 16,860 |
construction [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 66,574 | 53,730 |
construction [Member] | Pass [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 55,920 | 43,465 |
construction [Member] | Special Mention [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
construction [Member] | Substandard [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 262 | 263 |
construction [Member] | Doubtful [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
construction [Member] | Not Graded [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Financing Receivable, Net | $10,392 | $10,002 |
Loans_Details_Textual
Loans (Details Textual) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | |
Subsequently Defaulted [Member] | Subsequently Defaulted [Member] | Subsequently Defaulted [Member] | Subsequently Defaulted [Member] | Troubled Debt Restructuring [Member] | Troubled Debt Restructuring [Member] | |||||
Loans [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | ' | ' | ' | ' | ' | ' | ' | ' | $32,700,000 | $33,400,000 |
Specified Reserves, Provision for Troubled Debt Restructurings | ' | ' | ' | ' | ' | ' | ' | ' | 1,200,000 | 1,200,000 |
Loans and Leases Receivable, Impaired, Commitment to Lend | ' | ' | ' | ' | ' | ' | ' | ' | 28,000 | 300,000 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | ' | ' | ' | ' | ' | ' | ' | ' | 5,600,000 | ' |
Financing Receivable, Allowance for Credit Losses, Period Increase (Increase) | $65,000 | $327,000 | $5,000 | $355,000 | $0 | $10,000 | $2,000 | $12,000 | ' | ' |
Mortgage_Banking_Details
Mortgage Banking (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items] | ' | ' | ' | ' |
Gain from sale of mortgage loans | $986 | $1,890 | $1,628 | $4,066 |
Mortgage loans servicing revenue (expense): | ' | ' | ' | ' |
Mortgage loans servicing revenue | 878 | 875 | 1,782 | 1,745 |
Amortization of mortgage servicing rights | -368 | -634 | -660 | -1,323 |
Mortgage servicing rights valuation adjustments | 44 | 312 | 37 | 785 |
Mortgage loans servicing revenue (expense), Total | 554 | 553 | 1,159 | 1,207 |
Net revenue from sale and servicing of mortgage loans | $1,540 | $2,443 | $2,787 | $5,273 |
Mortgage_Banking_Details_1
Mortgage Banking (Details 1) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Mortgage servicing assets: | ' | ' | ' | ' |
Balance at beginning of period | $10,048 | $10,194 | $10,133 | $10,121 |
Loans sold, servicing retained | 313 | 674 | 520 | 1,436 |
Amortization | -368 | -634 | -660 | -1,323 |
Carrying value before valuation allowance at end of period | 9,993 | 10,234 | 9,993 | 10,234 |
Valuation allowance: | ' | ' | ' | ' |
Balance at beginning of period | -1,034 | -1,815 | -1,027 | -2,288 |
Impairment recovery (charges) | 44 | 312 | -623 | -538 |
Balance at end of period | -990 | -1,503 | -990 | -1,503 |
Net carrying value of MSRs at end of period | 9,003 | 8,731 | 9,003 | 8,731 |
Fair value of MSRs at end of period | $9,584 | $9,080 | $9,584 | $9,080 |
Mortgage_Banking_Details_Textu
Mortgage Banking (Details Textual) (USD $) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items] | ' | ' | ' | ' |
Residential Mortgage Loans, Unpaid Balance | ' | $1,400,000,000 | ' | $1,400,000,000 |
Accrual For Estimated Secondary Market Buy Back Losses | ' | 184,000 | 581,000 | ' |
Accrual Reversal Amount | 67,000 | ' | ' | ' |
Secondary Market Buy Back Losses [Member] | ' | ' | ' | ' |
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items] | ' | ' | ' | ' |
Accrual For Estimated Secondary Market Buy Back Losses | ' | $117,000 | $642,000 | ' |
Deposits_Details
Deposits (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Deposits [Line Items] | ' | ' |
Non-interest-bearing checking accounts | $355,268 | $348,943 |
Interest-bearing checking and money market accounts | 717,506 | 715,939 |
Savings accounts | 200,626 | 185,121 |
Retail certificates of deposit less than $100,000 | 299,288 | 313,335 |
Retail certificates of deposit greater than $100,000 | 169,124 | 172,454 |
Brokered or national certificates of deposit | 0 | 0 |
Total | $1,741,812 | $1,735,792 |
Borrowings_Details
Borrowings (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
FHLB Advances: | ' | ' |
Putable advances | $12,000 | $12,000 |
Amortizable mortgage advances | 10,034 | 10,520 |
Total | 22,034 | 22,520 |
Junior subordinated debentures owed to unconsolidated subsidiary trusts | $36,083 | $36,083 |
Borrowings_Details_Textual
Borrowings (Details Textual) (USD $) | Jun. 30, 2014 | Dec. 31, 2005 | Jun. 30, 2014 | Dec. 31, 2013 | Mar. 31, 2007 | Jun. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | Putable Advances [Member] | Trust Affiliate I [Member] | Trust Affiliate I [Member] | Trust Affiliate I [Member] | Trust Affiliate II [Member] | Trust Affiliate II [Member] | Trust Affiliate II [Member] |
Subordinated Borrowing [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank Advances Balance Amount Yet To Be Called Series1 | $12 | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank Advances Interest Rate On Balance Amount Yet To Be Called Series1 | 2.72% | ' | ' | ' | ' | ' | ' |
Issuance Of Trust Preferred Securities | ' | 20 | ' | ' | 15 | ' | ' |
Issuance Of Subordinated Debentures | ' | $20.60 | ' | ' | $15.50 | ' | ' |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due within One Year of Balance Sheet Date | ' | ' | ' | ' | 6.44% | ' | ' |
Preferred Securities Variable Interest Rate | ' | 'LIBOR rate plus 1.38% | ' | ' | 'LIBOR plus 1.5% | ' | ' |
Coupon Rate On Preferred Securities, Period End | ' | ' | 1.61% | 1.63% | ' | 1.73% | 1.75% |
Commitments_Guarantees_and_Con2
Commitments, Guarantees and Contingent Liabilities (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Loss Contingencies [Line Items] | ' | ' |
Fixed Rate, Commitments to make loans | $47,963 | $57,914 |
Fixed Rate, Unused lines of credit | 13,987 | 18,048 |
Fixed Rate, Standby letters of credit | 0 | 0 |
Fixed Rate, Total | 61,950 | 75,962 |
Variable Rate, Commitments to make loans | 94,050 | 59,632 |
Variable Rate, Unused lines of credit | 275,892 | 257,939 |
Variable Rate, Standby letters of credit | 17,800 | 17,680 |
Variable Rate, Total | $387,742 | $335,251 |
Commitments_Guarantees_and_Con3
Commitments, Guarantees and Contingent Liabilities (Details Textual) (USD $) | 6 Months Ended | |
In Millions, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Loss Contingencies [Line Items] | ' | ' |
Line of Credit Facility, Period | '60 days or less. | ' |
Commitments and Loans, Available to Sell | $17.80 | $12.10 |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Derivatives not designated as hedging instruments | ' | ' |
Mortgage Banking Derivatives Assets, Carrying Value | $580 | $295 |
Mortgage Banking Derivatives Liabilities, Carrying Value | -107 | 0 |
Mortgage Banking Derivatives, Net Carrying Value | $473 | $295 |
Derivative_Financial_Instrumen3
Derivative Financial Instruments (Details 1) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Derivatives not designated as hedging instruments | ' | ' | ' | ' |
Mortgage Banking Derivatives - Gain (Loss) | $128 | ($79) | $178 | ($240) |
Derivative_Financial_Instrumen4
Derivative Financial Instruments (Details Textual) (USD $) | 3 Months Ended | |
Jun. 30, 2014 | Dec. 31, 2013 | |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' |
Interest Rate Derivative Instruments Not Designated as Hedging Instruments at Fair Value, Net | $6,600,000 | $7,500,000 |
Notional Amount of Interest Rate Derivative Instruments Not Designated as Hedging Instruments | 17,900,000 | 12,100,000 |
Gain (Loss) on Interest Rate Fair Value Hedge Ineffectiveness | $5,000 | ' |
Other_Comprehensive_Income_Los2
Other Comprehensive Income (Loss) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | ||||
Securities available for sale and transferred securities: Before Tax Amount | ' | ' | ' | ' | ||||
Change in net unrealized gain (loss) during the period | $2,743 | ($5,500) | $4,465 | ($6,164) | ||||
Reclassification adjustment for net (gains) losses included in net income, Before Tax Amount | -471 | [1] | -43 | [1] | -471 | [1] | -97 | [1] |
Total other comprehensive income (loss), Before Tax Amount | 2,272 | -5,544 | 3,994 | -6,261 | ||||
Securities available for sale and transferred securities: Tax Expense (Benefit) | ' | ' | ' | ' | ||||
Change in net unrealized gain/loss during the period, Tax Expense (Benefit) | 936 | -1,927 | 1,538 | -2,162 | ||||
Reclassification adjustment for net (gains) losses included in net income, Tax Expense (Benefit) | -141 | -13 | -141 | -29 | ||||
Total other comprehensive income (loss), Tax Expense (Benefit) | 795 | -1,940 | 1,397 | -2,191 | ||||
Securities available for sale and transferred securities: Net of Tax Amount | ' | ' | ' | ' | ||||
Change in net unrealized gain/loss during the period, Net of Tax Amount | 1,807 | -3,573 | 2,927 | -4,002 | ||||
Reclassification adjustment for net (gains) losses included in net income, Net of Tax Amount | -330 | -31 | -330 | -68 | ||||
Other comprehensive income (loss) | $1,477 | ($3,604) | $2,597 | ($4,070) | ||||
[1] | Amounts are included in gains on sale or call of securities on the Consolidated Condensed Statements of Income. Income tax expense associated with the reclassification adjustments, included in federal income taxes, for the three months ended June 30, 2014 and 2013 was $141 and $13, respectively. Income tax expense associated with the reclassification adjustments, included in federal income taxes, for the six months ended June 30, 2014 and 2013 was $141 and $29, respectively. |
Other_Comprehensive_Income_Los3
Other Comprehensive Income (Loss) (Details 1) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Securities Available For Sale, Beginning balance | $906 | $4,851 |
Securities Available For Sale, Other comprehensive loss before reclassifications | 2,927 | -4,002 |
Securities Available For Sale, Amounts reclassified from accumulated other comprehensive loss | -330 | -68 |
Securities Available For Sale, Net other comprehensive loss during period | 2,597 | -4,070 |
Securities Available For Sale, Ending balance | 3,503 | 781 |
Post-retirement Benefit, Beginning balance | -361 | -577 |
Post-retirement Benefit, Other comprehensive loss before reclassifications | 0 | 0 |
Post-retirement Benefit, Amounts reclassified from accumulated other comprehensive loss | 0 | 0 |
Post-retirement Benefit, Net other comprehensive loss during period | 0 | 0 |
Post-retirement Benefit, Ending balance | -361 | -577 |
Accumulated Other Comprehensive Income, Beginning balance | 545 | 4,274 |
Accumulated Other Comprehensive Income, Other comprehensive loss before reclassifications | 2,927 | -4,002 |
Accumulated Other Comprehensive Income, Amounts reclassified from accumulated other comprehensive loss | -330 | -68 |
Accumulated Other Comprehensive Income, Net other comprehensive loss during period | 2,597 | -4,070 |
Accumulated Other Comprehensive Income, Ending balance | $3,142 | $204 |