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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.