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Fair Value (Tables) | 12 Months Ended
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Dec. 31, 2013
Fair Value Disclosures [Abstract] |
Fair Value Measurements, Recurring Basis | Assets and liabilities measured at fair value on a recurring basis, segregated by fair value hierarchy level, are summarized below:
|  | Fair Value Measurements Using |  |
December 31, 2013 |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (In Thousands)
Assets: |  |  |  |  |  |  |  |
Municipal obligations |  | $ | — |  |  | $ | 15,489 |  |  | $ | — |  |  | $ | 15,489 |
Asset backed securities |  | — |  |  | 1,494 |  |  | — |  |  | 1,494 |
U.S. Government agency obligations - government-sponsored enterprises |  | — |  |  | 16,244 |  |  | — |  |  | 16,244 |
Collateralized mortgage obligations - government issued |  | — |  |  | 111,969 |  |  | — |  |  | 111,969 |
Collateralized mortgage obligations - government-sponsored enterprises |  | — |  |  | 34,922 |  |  | — |  |  | 34,922 |
Interest rate swaps |  | — |  |  | 946 |  |  | — |  |  | 946 |
Liabilities: |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | — |  |  | $ | 946 |  |  | $ | — |  |  | $ | 946 |
|  | Fair Value Measurements Using |  |
December 31, 2012 |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (In Thousands)
Assets: |  |  |  |  |  |  |  |
Municipal obligations |  | $ | — |  |  | $ | 12,033 |  |  | $ | — |  |  | $ | 12,033 |
U.S. Government agency obligations - government-sponsored enterprises |  | — |  |  | 19,721 |  |  | — |  |  | 19,721 |
Collateralized mortgage obligations - government issued |  | — |  |  | 151,645 |  |  | — |  |  | 151,645 |
Collateralized mortgage obligations - government-sponsored enterprises |  | — |  |  | 17,197 |  |  | — |  |  | 17,197 |
Interest rate swaps |  | — |  |  | 3,069 |  |  | — |  |  | 3,069 |
Liabilities: |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | — |  |  | $ | 3,069 |  |  | $ | — |  |  | $ | 3,069 |
Fair Value Measurements, Nonrecurring Basis | Assets and liabilities measured at fair value on a non-recurring basis, segregated by fair value hierarchy are summarized below:
|  |  |  | As of and for the Year Ended December 31, 2013
|  |  |  | Fair Value Measurements Using |  | Total Gains (Losses)
|  | Balance at December 31, 2013 |  | Level 1 |  | Level 2 |  | Level 3 |
|  | (In Thousands)
Impaired loans |  | $ | 13,719 |  |  | $ | — |  |  | $ | 13,666 |  |  | $ | 53 |  |  | $ | — |
Foreclosed properties |  | 333 |  |  | — |  |  | 333 |  |  | — |  |  | (59 | )
|  |  |  | As of and for the Year Ended December 31, 2012
|  |  |  | Fair Value Measurements Using |  | Total Gains (Losses)
|  | Balance at December 31, 2012 |  | Level 1 |  | Level 2 |  | Level 3 |
|  | (In Thousands)
Impaired loans |  | $ | 8,544 |  |  | $ | — |  |  | $ | 6,770 |  |  | $ | 1,774 |  |  | $ | — |
Foreclosed properties |  | 1,574 |  |  | 529 |  |  | 982 |  |  | 63 |  |  | (600 | )
Foreclosed Properties | The activity of the Corporation’s foreclosed properties is summarized as follows:
| As of and for the Year Ended December 31,
| 2013 |  | 2012
| (In Thousands)
Foreclosed properties at the beginning of the period | $ | 1,574 |  |  | $ | 2,236 |
Loans transferred to foreclosed properties, at lower of cost or fair value | 1,381 |  |  | 1,511 |
Payments to priority lien holders of foreclosed properties | — |  |  | 367 |
Proceeds from sale of foreclosed properties | (2,739 | ) |  | (1,955 | )
Net gain on sale of foreclosed properties | 176 |  |  | 15 |
Impairment valuation | (59 | ) |  | (600 | )
Foreclosed properties at the end of the period | $ | 333 |  |  | $ | 1,574 |
Fair Value, by Balance Sheet Grouping | The Corporation is required to disclose estimated fair values for its financial instruments. Fair value estimates, methods, and assumptions, consistent with exit price concepts for fair value measurements, are set forth below:
|  | December 31, 2013
|  | Carrying Amount |  | Fair Value
|  |  |  | Total |  | Level 1 |  | Level 2 |  | Level 3
|  | (In Thousands)
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 81,286 |  |  | $ | 81,295 |  |  | $ | 66,266 |  |  | $ | 4,029 |  |  | $ | 11,000 |
Securities available-for-sale |  | 180,118 |  |  | 180,118 |  |  | — |  |  | 180,118 |  |  | — |
Loans and lease receivables, net |  | 967,050 |  |  | 963,937 |  |  | — |  |  | 13,666 |  |  | 950,271 |
Federal Home Loan Bank stock |  | 1,255 |  |  | 1,255 |  |  | — |  |  | — |  |  | 1,255 |
Cash surrender value of life insurance |  | 23,142 |  |  | 23,142 |  |  | 23,142 |  |  | — |  |  | — |
Accrued interest receivable |  | 3,231 |  |  | 3,231 |  |  | 3,231 |  |  | — |  |  | — |
Interest rate swaps |  | 946 |  |  | 946 |  |  | — |  |  | 946 |  |  | — |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,129,855 |  |  | $ | 1,131,002 |  |  | $ | 684,344 |  |  | $ | 446,658 |  |  | $ | — |
Federal Home Loan Bank and other borrowings |  | 11,936 |  |  | 11,979 |  |  | — |  |  | 11,979 |  |  | — |
Junior subordinated notes |  | 10,315 |  |  | 7,084 |  |  | — |  |  | — |  |  | 7,084 |
Interest rate swaps |  | 946 |  |  | 946 |  |  | — |  |  | 946 |  |  | — |
Accrued interest payable |  | 1,052 |  |  | 1,052 |  |  | 1,052 |  |  | — |  |  | — |
Off balance sheet items: |  |  |  |  |  |  |  |  |  |
Standby letters of credit |  | 219 |  |  | 219 |  |  | — |  |  | — |  |  | 219 |
Commitments to extend credit |  | — |  |  | * |  |  | * |  |  | * |  |  | * |
*Not meaningful
|  | December 31, 2012
|  | Carrying Amount |  | Fair Value
|  |  |  | Total |  | Level 1 |  | Level 2 |  | Level 3
|  | (In Thousands)
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 85,586 |  |  | $ | 85,595 |  |  | $ | 74,940 |  |  | $ | 5,155 |  |  | $ | 5,500 |
Securities available-for-sale |  | 200,596 |  |  | 200,596 |  |  | — |  |  | 200,596 |  |  | — |
Loans and lease receivables, net |  | 896,560 |  |  | 905,501 |  |  | — |  |  | 6,770 |  |  | 898,731 |
Federal Home Loan Bank stock |  | 1,144 |  |  | 1,144 |  |  | — |  |  | — |  |  | 1,144 |
Cash surrender value of life insurance |  | 22,272 |  |  | 22,272 |  |  | 22,272 |  |  | — |  |  | — |
Accrued interest receivable |  | 3,217 |  |  | 3,217 |  |  | 3,217 |  |  | — |  |  | — |
Interest rate swaps |  | 3,069 |  |  | 3,069 |  |  | — |  |  | 3,069 |  |  | — |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,092,254 |  |  | $ | 1,102,316 |  |  | $ | 649,346 |  |  | $ | 452,970 |  |  | $ | — |
Federal Home Loan Bank and other borrowings |  | 12,405 |  |  | 13,170 |  |  | — |  |  | 13,170 |  |  | — |
Junior subordinated notes |  | 10,315 |  |  | 7,046 |  |  | — |  |  | — |  |  | 7,046 |
Interest rate swaps |  | 3,069 |  |  | 3,069 |  |  | — |  |  | 3,069 |  |  | — |
Accrued interest payable |  | 1,711 |  |  | 1,711 |  |  | 1,711 |  |  | — |  |  | — |
Off balance sheet items: |  |  |  |  |  |  |  |  |  |
Standby letters of credit |  | 197 |  |  | 197 |  |  | — |  |  | — |  |  | 197 |
Commitments to extend credit |  | — |  |  | * |  |  | * |  |  | * |  |  | * |
*Not meaningful

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19296-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13476-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
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