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Parent Corporation Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items] |
Condensed Statements of Comprehensive Income | The Corporation’s other comprehensive income (loss) is comprised of unrealized holding gains and losses on securities available-for-sale, obligations for defined benefit pension plan and an adjustment to reflect the curtailment of the Corporation’s defined benefit pension plan, net of taxes.
|  |  |  |  |  |  |  |  |  |  | Affected Line Item in the
Details about Accumulated Other |  | Amounts Reclassified from Accumulated |  | Statement Where Net Income is
Comprehensive Income Components |  | Other Comprehensive Income |  | Presented
|  | Twelve Months Ended |  |
|  | December 31, |  |
(Dollars in thousands) |  | 2013 |  | 2012 |  | 2011 |  |
OTTI losses |  | $ | (652) |  | $ | (870) |  | $ | (342) |  | Net investment securities gains
|  |  | 178 |  |  | 265 |  |  | 119 |  | Tax benefit
|  |  | (474) |  |  | (605) |  |  | (223) |  | Net of tax
Sale of investment securities available-for-sale |  |  | 2,363 |  |  | 2,882 |  |  | 3,976 |  | Net investment securities gains
|  |  | (645) |  |  | (879) |  |  | (1,380) |  | Tax expense
|  |  | 1,718 |  |  | 2,003 |  |  | 2,596 |  | Net of tax
Amortization of unrealized holding gains on securities transferred from available-for-sale to held-to-maturity |  |  | 58 |  |  | 2 |  |  | 46 |  | Interest income
|  |  | (19) |  |  | (1) |  |  | (28) |  | Tax expense
|  |  | 39 |  |  | 1 |  |  | 18 |  | Net of tax
Pension plan actuarial (gains) losses |  |  | (654) |  |  | 790 |  |  | 1,649 |  | Before tax
|  |  | 267 |  |  | (323) |  |  | (584) |  | Tax benefit (expense)
|  |  | (387) |  |  | 467 |  |  | 1,065 |  | Net of tax
Total reclassification |  | $ | 896 |  | $ | 1,866 |  | $ | 3,456 |  | Net of tax
Parent Company [Member] |
Condensed Financial Statements, Captions [Line Items] |
Schedule of Condensed Balance Sheet | Condensed financial statements of the Parent Corporation only are as follows: Condensed Statements of Condition
|  | At December 31, |
|  | 2013 |  | 2012 |
|  | (Dollars in Thousands) |
ASSETS |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 285 |  | $ | 629 |
Investment in subsidiaries |  |  | 173,658 |  |  | 165,351 |
Securities available for sale |  |  | 442 |  |  | 543 |
Other assets |  |  | 271 |  |  | 41 |
Total assets |  | $ | 174,656 |  | $ | 166,564 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |
Other liabilities |  | $ | 917 |  | $ | 718 |
Subordinated debentures |  |  | 5,155 |  |  | 5,155 |
Stockholders’ equity |  |  | 168,584 |  |  | 160,691 |
Total liabilities and stockholders’ equity |  | $ | 174,656 |  | $ | 166,564
Schedule of Condensed Income Statement | Condensed Statements of Income
|  | For Years Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |
|  | (Dollars in Thousands) |
Income: |  |  |  |  |  |  |  |  |  |
Dividend income from subsidiaries |  | $ | 4,393 |  | $ | 2,079 |  | $ | 785 |
Other income |  |  | 6 |  |  | 15 |  |  | 7 |
Net gains on available for sale securities |  |  | 22 |  |  | 26 |  |  | — |
Management fees |  |  | 353 |  |  | 409 |  |  | 294 |
Total Income |  |  | 4,774 |  |  | 2,529 |  |  | 1,086 |
Expenses |  |  | (765) |  |  | (731) |  |  | (615) |
Income before equity in undistributed earnings of subsidiaries |  |  | 4,009 |  |  | 1,798 |  |  | 471 |
Equity in undistributed earnings of subsidiaries |  |  | 15,916 |  |  | 15,709 |  |  | 13,455 |
Net Income |  | $ | 19,925 |  | $ | 17,507 |  | $ | 13,926 |
Condensed Statements of Comprehensive Income | Condensed Statements of Comprehensive Income
|  | Consolidated Subsidiaries |  | Parent |  | Consolidated Total |
|  | (Dollars in Thousands) |
For the year ended 2013: |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 19,925 |  | $ | — |  | $ | 19,925 |
Other comprehensive (loss) income, net of tax: |  |  |  |  |  |  |  |  |  |
Net unrealized loss on investment securities |  |  | (8,073) |  |  | 79 |  |  | (7,994) |
Actuarial gain |  |  | 387 |  |  | — |  |  | 387 |
Total other comprehensive (loss) income |  |  | (7,686) |  |  | 79 |  |  | (7,607) |
Total comprehensive income |  | $ | 12,239 |  | $ | 79 |  | $ | 12,318 |
For the year ended 2012: |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 17,507 |  | $ | — |  | $ | 17,507 |
Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |  |
Net unrealized gain on investment securities |  |  | 10,935 |  |  | 41 |  |  | 10,976 |
Actuarial loss |  |  | (467) |  |  | — |  |  | (467) |
Total other comprehensive income |  |  | 10,468 |  |  | 41 |  |  | 10,509 |
Total comprehensive income |  | $ | 27,975 |  | $ | 41 |  | $ | 28,016 |
For the year ended 2011: |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 13,926 |  | $ | — |  | $ | 13,926 |
Other comprehensive income, net of tax: |  |  |  |  |  |  |  |  |  |
Net unrealized gain (loss) on investment securities |  |  | 3,301 |  |  | (7) |  |  | 3,294 |
Actuarial loss |  |  | (1,065) |  |  | — |  |  | (1,065) |
Total other comprehensive income (loss) |  |  | 2,236 |  |  | (7) |  |  | 2,229 |
Total comprehensive income |  | $ | 16,162 |  | $ | (7) |  | $ | 16,155 |
Schedule of Condensed Cash Flow Statement | Condensed Statements of Cash Flows
|  | For Years Ended December 31 |
|  | 2013 |  | 2012 |  | 2011 |
|  | (Dollars in Thousands) |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 19,925 |  | $ | 17,507 |  | $ | 13,926 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |
Net gains on available for sale securities |  |  | (22) |  |  | (26) |  |  | — |
Equity in undistributed earnings of subsidiary |  |  | (15,916) |  |  | (15,709) |  |  | (13,455) |
Change in deferred tax asset |  |  | — |  |  | — |  |  | 3 |
(Increase) decrease in other assets |  |  | (167) |  |  | 563 |  |  | (298) |
(Decrease) increase in other liabilities |  |  | (276) |  |  | (772) |  |  | 220 |
Stock based compensation |  |  | 59 |  |  | 39 |  |  | 35 |
Net cash provided by operating activities |  |  | 3,603 |  |  | 1,602 |  |  | 431 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |
Proceeds from sales of available-for-sale securities |  |  | 181 |  |  | 375 |  |  | — |
Purchase of available-for-sale securities |  |  | — |  |  | (410) |  |  | — |
Investments in subsidiaries |  |  | — |  |  | — |  |  | (1,250) |
Net cash provided by (used in) investing activities |  |  | 181 |  |  | (35) |  |  | (1,250) |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Net decrease in borrowings |  |  | — |  |  | — |  |  | (310) |
Cash dividends on common stock |  |  | (4,254) |  |  | (2,778) |  |  | (1,955) |
Cash dividends on preferred stock |  |  | (141) |  |  | (363) |  |  | (417) |
Proceeds from issuance of Series B preferred stock |  |  | — |  |  | — |  |  | 11,250 |
Redemption of Series A preferred stock |  |  | — |  |  | — |  |  | (10,000) |
Warrant repurchased |  |  | — |  |  | — |  |  | (245) |
Issuance of restricted stock award |  |  | 243 |  |  | — |  |  | — |
Issuance cost of common stock |  |  | (13) |  |  | (8) |  |  | (5) |
Issuance cost of Series B preferred stock |  |  | — |  |  | — |  |  | (84) |
Proceeds from exercise of stock options |  |  | 21 |  |  | 141 |  |  | 328 |
Tax expense from stock based compensation |  |  | 16 |  |  | 28 |  |  | — |
Net cash used in financing activities |  |  | (4,128) |  |  | (2,980) |  |  | (1,438) |
Decrease in cash and cash equivalents |  |  | (344) |  |  | (1,413) |  |  | (2,257) |
Cash and cash equivalents at beginning of year |  |  | 629 |  |  | 2,042 |  |  | 4,299 |
Cash and cash equivalents at the end of year |  | $ | 285 |  | $ | 629 |  | $ | 2,042 |

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