XML 46 R14.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Subsequent Events | 6 Months Ended
--- | ---
Jun. 30, 2014
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 7 – SUBSEQUENT EVENTS On July 3, 2014, the Company informed the trustee for the Company’s trust preferred securities issued by RST I of the Company’s intent to redeem all of the junior subordinated debentures underlying the trust preferred securities prior to their contractual maturity date of September 7, 2030. The Company will redeem the junior subordinated debentures on September 7, 2014 for an amount equal to 103.180% of the $10 million outstanding principal amount of the debt securities, plus accrued interest to the redemption date. The securities to be redeemed carry a fixed interest rate of 10.6%. The Company will use cash and is expected to utilize a term loan with a correspondent bank. The new term loan will have a variable rate that is tied to the 90-day LIBOR rate. After the completion of this redemption, the Company will have one remaining variable-rate trust preferred security issuance outstanding (issued by RST II in 2005) with an aggregate principal amount outstanding of $10.3 million and a maturity date of September 15, 2035.

X
- Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration