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Acquisitions (Details) (USD $) In Thousands, unless otherwise specified | 0 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | ---
Jan. 21, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 22, 2013 | Aug. 24, 2012
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ 27,297 |  |  |  |  |  |
Securities | 4,461 |  |  |  |  |  |
Loans | 102,268 |  |  |  |  |  |
Core deposit intangible | 277 |  |  |  |  |  |
FDIC indemnification asset | 42,218 |  |  |  |  |  |
Foreclosed properties | 1,342 |  |  |  |  |  |
Other assets | 776 |  |  |  |  |  |
Total | 178,639 |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |
Deposits | 192,744 |  |  |  |  |  |
Borrowings | 4,081 |  |  |  |  |  |
Other | 1,558 |  |  |  |  |  |
Total | 198,383 |  |  |  |  | 16,000 | 9,000
Excess of liabilities received over assets | (19,744) |  |  |  |  |  |
Cash received/receivable from FDIC at closing | 29,940 |  |  |  |  |  |
Total gain recorded | 10,196 |  |  |  | 10,196 |  |
Bank of Asheville |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Cash and cash equivalents | 27,297 |  |  |  |  |  |
Securities | 4,461 |  |  |  |  |  |
Loans | 153,994 |  |  |  |  |  |
Core deposit intangible |  |  |  |  |  |  |
FDIC indemnification asset |  |  |  |  |  |  |
Foreclosed properties | 3,501 |  |  |  |  |  |
Other assets | 1,146 |  |  |  |  |  |
Total | 190,399 |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |
Deposits | 192,284 |  |  |  |  |  |
Borrowings | 4,004 |  |  |  |  |  |
Other | 111 |  |  |  |  |  |
Total | 196,399 |  |  |  |  |  |
Excess of liabilities received over assets | (6,000) |  |  |  |  |  |
Less: Asset discount | (23,940) |  |  |  |  |  |
Cash received/receivable from FDIC at closing | 29,940 |  |  |  |  |  |
Fair Value adjustments |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Cash and cash equivalents |  |  |  |  |  |  |
Securities |  |  |  |  |  |  |
Loans | (51,726) | [1] |  |  |  |  |
Core deposit intangible | 277 | [2] |  |  |  |  |
FDIC indemnification asset | 42,218 | [3] |  |  |  |  |
Foreclosed properties | (2,159) | [4] |  |  |  |  |
Other assets | (370) | [5] |  |  |  |  |
Total | (11,760) |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |
Deposits | 460 | [6] |  |  |  |  |
Borrowings | 77 | [7] |  |  |  |  |
Other | 1,447 | [8] |  |  |  |  |
Total | 1,984 |  |  |  |  |  |
Excess of liabilities received over assets | $ (13,744) |  |  |  |  |  |
[1] | This estimated adjustment is necessary as of the acquisition date to write down The Bank of Asheville's book value of loans to the estimated fair value as a result of future expected loan losses.
[2] | This fair value adjustment represents the value of the core deposit base assumed in the acquisition based on a study performed by an independent consulting firm. This amount was recorded by the Company as an identifiable intangible asset and will be amortized as an expense on a straight-line basis over the average life of the core deposit base, which is estimated to be seven years.
[3] | This adjustment is the estimated fair value of the amount that the Company expects to receive from the FDIC under its loss share agreements as a result of future loan losses.
[4] | This is the estimated adjustment necessary to write down The Bank of Asheville's book value of foreclosed real estate properties to their estimated fair value as of the acquisition date.
[5] | This is an immaterial adjustment made to reflect fair value.
[6] | This fair value adjustment was recorded because the weighted average interest rate of The Bank of Asheville's time deposits exceeded the cost of similar wholesale funding at the time of the acquisition. This amount will be amortized to reduce interest expense on a declining basis over the life of the portfolio of approximately 48 months.
[7] | This fair value adjustment was recorded because the interest rates of The Bank of Asheville's fixed rate borrowings exceeded current interest rates on similar borrowings. This amount was realized shortly after the acquisition by prepaying the borrowings at a premium and thus there will be no future amortization related to this adjustment.
[8] | This adjustment relates primarily to the estimate of what the Company will owe to the FDIC at the conclusion of the loss share agreements based on a pre-established formula set forth in those agreements that is based on total expected losses in relation to the amount of the discount bid.

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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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