Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 14, 2014 | Jun. 28, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Registrant Name | 'WILSON BANK HOLDING CO | ' | ' |
Entity Central Index Key | '0000885275 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 7,534,347 | ' |
Entity Public Float | ' | ' | $297,802,792 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Loans, net of allowance for loan losses of $22,935 and $25,497, respectively | $1,184,267 | $1,142,111 |
Securities: | ' | ' |
Held-to-maturity, at amortized cost (market value $26,561 and $16,317, respectively) | 26,823 | 15,508 |
Available-for-sale, at market (amortized cost $336,335 and $313,111, respectively) | 329,373 | 317,278 |
Total securities | 356,196 | 332,786 |
Loans held for sale | 7,022 | 15,648 |
Federal funds sold | 38,190 | 23,780 |
Restricted equity securities, at cost | 3,012 | 3,012 |
Total earning assets | 1,588,687 | 1,517,337 |
Cash and due from banks | 73,314 | 82,884 |
Premises and equipment, net | 38,176 | 35,853 |
Accrued interest receivable | 5,063 | 5,426 |
Deferred income taxes | 11,437 | 8,243 |
Other real estate | 12,869 | 15,307 |
Goodwill | 4,805 | 4,805 |
Other assets | 14,620 | 10,965 |
Total assets | 1,748,971 | 1,680,820 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ' | ' |
Deposits | 1,554,255 | 1,493,922 |
Securities sold under repurchase agreements | 9,078 | 10,584 |
Accrued interest and other liabilities | 7,967 | 6,616 |
Total liabilities | 1,571,300 | 1,511,122 |
Stockholders' equity: | ' | ' |
Common stock, par value $2.00 per share, authorized 15,000,000 shares, 7,498,588 and 7,419,204 shares issued and outstanding, respectively | 14,997 | 14,838 |
Additional paid-in capital | 54,519 | 51,242 |
Retained earnings | 112,451 | 101,046 |
Net unrealized gains (losses) on available-for-sale securities, net of taxes of $2,666 and $1,595, respectively | -4,296 | 2,572 |
Total stockholders' equity | 177,671 | 169,698 |
COMMITMENTS AND CONTINGENCIES | ' | ' |
Total liabilities and stockholders' equity | $1,748,971 | $1,680,820 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Allowance for loan losses | $22,935 | $25,497 |
Held-to-maturity, market value | 26,561 | 16,317 |
Available-for-sale, amortized cost | 336,335 | 313,111 |
Common stock, par value | $2 | $2 |
Common stock, shares authorized | 15,000,000 | 15,000,000 |
Common stock, shares issued | 7,498,588 | 7,419,204 |
Common stock, shares outstanding | 7,498,588 | 7,419,204 |
Net unrealized gains (losses) on available-for-sale securities, income taxes | $2,666 | $1,595 |
Consolidated_Statements_of_Ear
Consolidated Statements of Earnings (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest income: | ' | ' | ' |
Interest and fees on loans | $66,177 | $66,080 | $66,031 |
Interest and dividends on securities: | ' | ' | ' |
Taxable securities | 4,411 | 5,253 | 5,437 |
Exempt from Federal income taxes | 603 | 464 | 420 |
Interest on loans held for sale | 258 | 307 | 237 |
Interest on Federal funds sold | 215 | 129 | 97 |
Interest and dividends on restricted equity securities | 150 | 128 | 128 |
Total interest income | 71,814 | 72,361 | 72,350 |
Interest expense: | ' | ' | ' |
Interest on negotiable order of withdrawal accounts | 1,589 | 1,942 | 2,176 |
Interest on money market accounts and other savings accounts | 2,407 | 2,705 | 2,966 |
Interest on certificates of deposit and individual retirement accounts | 6,832 | 9,403 | 12,693 |
Interest on securities sold under repurchase agreements | 50 | 56 | 53 |
Interest on Federal funds purchased | 1 | 1 | 2 |
Total interest expense | 10,879 | 14,107 | 17,890 |
Net interest income before provision for loan losses | 60,935 | 58,254 | 54,460 |
Provision for loan losses | -2,177 | -9,528 | -8,678 |
Net interest income after provision for loan losses | 58,758 | 48,726 | 45,782 |
Non-interest income | 15,204 | 16,035 | 14,476 |
Non-interest expense | -48,787 | -45,098 | -43,663 |
Earnings before income taxes | 25,175 | 19,663 | 16,595 |
Income taxes | 9,306 | 7,515 | 6,545 |
Net earnings | $15,869 | $12,148 | $10,050 |
Basic earnings per common share | $2.12 | $1.65 | $1.38 |
Diluted earnings per common share | $2.12 | $1.65 | $1.38 |
Weighted average common shares outstanding: | ' | ' | ' |
Basic | 7,472,373 | 7,360,485 | 7,280,907 |
Diluted | 7,477,171 | 7,365,648 | 7,288,122 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Earnings (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings | $4,163,000 | $4,481,000 | $4,247,000 | $2,978,000 | $2,715,000 | $3,459,000 | $3,149,000 | $2,825,000 | $2,296,000 | $2,663,000 | $2,615,000 | $2,476,000 | $15,869,000 | $12,148,000 | $10,050,000 |
Other comprehensive earnings (losses), net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net unrealized gains (losses) on available-for-sale securities arising during period, net of taxes of $4,231, $1,158 and $2,685, respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,820,000 | 1,867,000 | 4,330,000 |
Reclassification adjustment for net gains included in net earnings, net of taxes of $30, $100 and $73, respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -48,000 | -160,000 | -119,000 |
Other comprehensive earnings (losses) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,868,000 | 1,707,000 | 4,211,000 |
Comprehensive earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $9,001,000 | $13,855,000 | $14,261,000 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Earnings (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' |
Unrealized gains (losses) on available-for-sale securities arising during period, net of taxes | $4,231 | $1,158 | $2,685 |
Reclassification adjustment for net gains included in net earnings, taxes | $30 | $100 | $73 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Net Unrealized Gain (Loss) On Available-For- Sale Securities [Member] |
In Thousands | |||||
Beginning balance at Dec. 31, 2010 | $144,333 | $14,450 | $43,790 | $89,439 | ($3,346) |
Cash dividends declared $.60, $.85 and $.60 per share for the period 2011, 2012 and 2013 respectively | -4,348 | ' | ' | -4,348 | ' |
Issuance of 79,962, 106,230 and 73,411 shares of stock pursuant to dividend reinvestment plan for the period 2011, 2012 and 2013 respectively | 3,218 | 160 | 3,058 | ' | ' |
6,148 common shares repurchased | -250 | -13 | -237 | ' | ' |
Issuance of 5,284, 8,788 and 5,973 shares of stock pursuant to exercise of stock options for the period 2011, 2012 and 2013 respectively | 110 | 11 | 99 | ' | ' |
Share based compensation expense | 24 | ' | 24 | ' | ' |
Net change in unrealized loss on available-for-sale securities during the year, net of taxes of $2,612, 1,058 and 4,261 for the period 2011, 2012 and 2013 respectively | 4,211 | ' | ' | ' | 4,211 |
Net earnings for the year | 10,050 | ' | ' | 10,050 | ' |
Ending balance at Dec. 31, 2011 | 157,348 | 14,608 | 46,734 | 95,141 | 865 |
Cash dividends declared $.60, $.85 and $.60 per share for the period 2011, 2012 and 2013 respectively | -6,243 | ' | ' | -6,243 | ' |
Issuance of 79,962, 106,230 and 73,411 shares of stock pursuant to dividend reinvestment plan for the period 2011, 2012 and 2013 respectively | 4,518 | 212 | 4,306 | ' | ' |
Issuance of 5,284, 8,788 and 5,973 shares of stock pursuant to exercise of stock options for the period 2011, 2012 and 2013 respectively | 189 | 18 | 171 | ' | ' |
Share based compensation expense | 31 | ' | 31 | ' | ' |
Net change in unrealized loss on available-for-sale securities during the year, net of taxes of $2,612, 1,058 and 4,261 for the period 2011, 2012 and 2013 respectively | 1,707 | ' | ' | ' | 1,707 |
Net earnings for the year | 12,148 | ' | ' | 12,148 | ' |
Ending balance at Dec. 31, 2012 | 169,698 | 14,838 | 51,242 | 101,046 | 2,572 |
Cash dividends declared $.60, $.85 and $.60 per share for the period 2011, 2012 and 2013 respectively | -4,464 | ' | ' | -4,464 | ' |
Issuance of 79,962, 106,230 and 73,411 shares of stock pursuant to dividend reinvestment plan for the period 2011, 2012 and 2013 respectively | 3,248 | 147 | 3,101 | ' | ' |
Issuance of 5,284, 8,788 and 5,973 shares of stock pursuant to exercise of stock options for the period 2011, 2012 and 2013 respectively | 156 | 12 | 144 | ' | ' |
Share based compensation expense | 32 | ' | 32 | ' | ' |
Net change in unrealized loss on available-for-sale securities during the year, net of taxes of $2,612, 1,058 and 4,261 for the period 2011, 2012 and 2013 respectively | -6,868 | ' | ' | ' | -6,868 |
Net earnings for the year | 15,869 | ' | ' | 15,869 | ' |
Ending balance at Dec. 31, 2013 | $177,671 | $14,997 | $54,519 | $112,451 | ($4,296) |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash dividends declared, per shares | $0.60 | $0.85 | $0.60 |
Shares of stock pursuant to dividend reinvestment plan | 73,411 | 106,230 | 79,962 |
Common shares repurchased | ' | ' | 6,148 |
Shares of stock pursuant to exercise of stock options | 5,973 | 8,788 | 5,284 |
Net change in unrealized loss on available-for-sale securities, tax | $4,261 | $1,058 | $2,612 |
Common Stock [Member] | ' | ' | ' |
Shares of stock pursuant to dividend reinvestment plan | 73,411 | 106,230 | 79,962 |
Common shares repurchased | ' | ' | 6,148 |
Shares of stock pursuant to exercise of stock options | 5,973 | 8,788 | 5,284 |
Additional Paid-in Capital [Member] | ' | ' | ' |
Shares of stock pursuant to dividend reinvestment plan | 73,411 | 106,230 | 79,962 |
Common shares repurchased | ' | ' | 6,148 |
Shares of stock pursuant to exercise of stock options | 5,973 | 8,788 | 5,284 |
Retained Earnings [Member] | ' | ' | ' |
Cash dividends declared, per shares | $0.60 | $0.85 | $0.60 |
Net Unrealized Gain (Loss) On Available-For- Sale Securities [Member] | ' | ' | ' |
Net change in unrealized loss on available-for-sale securities, tax | $4,261 | $1,058 | $2,612 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Interest received | $75,201 | $76,329 | $75,013 |
Fees received | 11,816 | 12,171 | 12,215 |
Other income received | ' | 3 | ' |
Proceeds from sales of loans | 121,055 | 137,836 | 106,179 |
Origination of loans held for sale | -109,131 | -135,107 | -111,040 |
Interest paid | -11,396 | -14,876 | -18,642 |
Cash paid to suppliers and employees | -41,968 | -38,789 | -35,835 |
Income taxes paid | -8,413 | -8,152 | -7,666 |
Net cash provided by operating activities | 37,164 | 29,415 | 20,224 |
Cash flows from investing activities: | ' | ' | ' |
Purchase of available-for-sale securities | -109,662 | -217,500 | -252,525 |
Proceeds from calls, maturities and paydowns of available-for-sale securities | 76,811 | 173,266 | 197,133 |
Proceeds from sale of available-for-sale securities | 6,867 | 37,353 | 26,452 |
Purchase of held-to-maturity securities | -14,250 | -2,587 | -3,348 |
Proceeds from maturities and paydowns of held-to-maturity securities | 2,749 | 1,437 | 2,195 |
Loans made to customers, net of repayments | -48,636 | -61,432 | -47,353 |
Purchase of annuity contracts and life insurance | ' | -4,072 | -386 |
Purchase of Bank owned life insurance | -5,000 | ' | ' |
Purchase of bank premises and equipment | -4,074 | -1,946 | -4,987 |
Proceeds from sale of other assets | 51 | 70 | 94 |
Proceeds from sale of other real estate | 5,053 | 8,977 | 4,020 |
Net cash used in investing activities | -90,091 | -66,434 | -78,705 |
Cash flows from financing activities: | ' | ' | ' |
Net increase in non-interest bearing, savings, NOW and money market deposit accounts | 95,320 | 123,050 | 92,092 |
Net decrease in time deposits | -34,987 | -35,170 | -17,332 |
Net increase (decrease) in securities sold under agreements to repurchase | -1,506 | 3,165 | 883 |
Dividends paid | -4,464 | -6,243 | -4,348 |
Proceeds from sale of common stock pursuant to dividend reinvestment | 3,248 | 4,518 | 3,218 |
Proceeds from sale of common stock pursuant to exercise of stock options | 156 | 189 | 110 |
Repurchase of common shares | ' | ' | -250 |
Net cash provided by financing activities | 57,767 | 89,509 | 74,373 |
Net increase (decrease) in cash and cash equivalents | 4,840 | 52,490 | 15,892 |
Cash and cash equivalents at beginning of year | 106,664 | 54,174 | 38,282 |
Cash and cash equivalents at end of year | 111,504 | 106,664 | 54,174 |
Reconciliation of net earnings to net cash provided by operating activities: | ' | ' | ' |
Net earnings | 15,869 | 12,148 | 10,050 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' | ' |
Depreciation, amortization and accretion | 4,787 | 5,106 | 4,228 |
Provision for loan losses | 2,177 | 9,528 | 8,678 |
Share based compensation expense | 32 | 31 | 24 |
Provision for deferred tax expense (benefit) | 1,068 | -814 | -1,471 |
Write downs and loss on sales of other real estate | 1,642 | 3,286 | 3,560 |
Loss on sales of other assets | 3 | 2 | 15 |
Gain on sale of premises and equipment | -12 | ' | ' |
Security gains | -78 | -259 | -192 |
Decrease (increase) in loans held for sale | 8,626 | -873 | -6,930 |
Increase (decrease) in taxes payable | -175 | 177 | 350 |
Decrease in other assets | 1,337 | 700 | 1,340 |
Decrease in accrued interest receivable | 363 | 504 | 322 |
Decrease in interest payable | -517 | -769 | -752 |
Increase in accrued expenses | 2,042 | 648 | 1,002 |
Total adjustments | 21,295 | 17,267 | 10,174 |
Net cash provided by operating activities | 37,164 | 29,415 | 20,224 |
Supplemental Schedule of Non-Cash Activities: | ' | ' | ' |
Unrealized gain (loss) in value of securities available-for-sale, net of taxes of $4,261 in 2013, $1,058 in 2012, and $2,612 in 2011 | -6,868 | 1,707 | 4,211 |
Non-cash transfers from loans to other real estate | 5,539 | 9,236 | 17,170 |
Non-cash transfers from other real estate to loans | 1,282 | 783 | 4,214 |
Non-cash transfers from loans to other assets | $46 | $73 | $77 |
Consolidated_Statements_of_Cas1
Consolidated Statements of Cash Flows (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement Of Cash Flows [Abstract] | ' | ' | ' |
Unrealized loss in values of securities available-for-sale, net of taxes | $4,261 | $1,058 | $2,612 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||
Dec. 31, 2013 | |||
Accounting Policies [Abstract] | ' | ||
Summary of Significant Accounting Policies | ' | ||
-1 | Summary of Significant Accounting Policies | ||
The accounting and reporting policies of Wilson Bank Holding Company (“the Company”) and Wilson Bank & Trust (“Wilson Bank”) are in accordance with accounting principles generally accepted in the United States of America and conform to general practices within the banking industry. The following is a brief summary of the significant policies. | |||
(a) | Principles of Consolidation | ||
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary Wilson Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. | |||
(b) | Nature of Operations | ||
Wilson Bank operates under a state bank charter and provides full banking services. As a state bank, Wilson Bank is subject to regulations of the Tennessee Department of Financial Institutions and the Federal Deposit Insurance Corporation (“FDIC”). The areas served by Wilson Bank include Wilson County, DeKalb County, Rutherford County, Smith County, Trousdale County, Sumner County, and eastern Davidson County, Tennessee and surrounding counties in Middle Tennessee. Services are provided at the main office and twenty-four branch locations. | |||
(c) | Estimates | ||
In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”), management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of deferred tax assets, other-than-temporary impairments of securities, and the fair value of financial instruments. | |||
(d) | Significant Group Concentrations of Credit Risk | ||
Most of the Company’s activities are with customers located within Middle Tennessee. The types of securities in which the Company invests are included in note 3. The types of lending in which the Company engages are included in note 2. The Company does not have any significant concentrations to any one industry or customer other than as disclosed in note 2. | |||
Residential 1-4 family, commercial real estate and construction mortgage loans, represented 28%, 44% and 16% and 29%, 40% and 16% of the loan portfolio at December 31, 2013 and 2012, respectively. | |||
(e) | Loans | ||
The Company grants mortgage, commercial and consumer loans to customers. A substantial portion of the loan portfolio is represented by mortgage loans throughout Middle Tennessee. The ability of the Company’s debtors to honor their contracts is dependent upon the real estate and general economic conditions in this area. | |||
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for unearned income, the allowance for loan losses, and any unamortized deferred fees or costs on originated loans, and premiums or discounts on purchased loans. | |||
Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized on a straight line basis over the respective term of the loan. | |||
As part of our routine credit monitoring process, the Company performs regular credit reviews of the loan portfolio and loans receive risk ratings by the assigned credit officer, which are subject to validation by our independent loan review department. Risk ratings are categorized as pass, special mention, substandard or doubtful. The Company believes that our categories follow those outlined by our primary regulator. | |||
Generally the accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Credit card loans and other personal loans are typically charged off no later than when they become 180 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. | |||
All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||
(f) | Allowance for Loan Losses | ||
Management provides for loan losses by establishing an allowance. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | |||
The allowance for loan losses is evaluated on a monthly basis by management and is based upon management’s monthly review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. | |||
In assessing the adequacy of the allowance, we also consider the results of our ongoing independent loan review process. We undertake this process both to ascertain whether there are loans in the portfolio whose credit quality has weakened over time and to assist in our overall evaluation of the risk characteristics of the entire loan portfolio. Our loan review process includes the judgment of management, independent loan reviewers, and reviews that may have been conducted by third-party reviewers. We incorporate relevant loan review results in the loan impairment determination. In addition, regulatory agencies, as an integral part of their examination process, will periodically review the Company’s allowance for loan losses and may require the Company to record adjustments to the allowance based on their judgment about information available to them at the time of their examinations. | |||
In addition to the independent loan review process, the aforementioned risk ratings are subject to continual review by the loan officer to determine that the appropriate risk ratings are being utilized in our allowance for loan loss process. Each risk rating is also subject to review by our independent loan review department. Currently, our independent loan review department targets reviews of 100% of existing loan relationships with aggregate debt of $1.0 million and greater and new loans with aggregate debt of $500,000 and greater. In addition, loan review targets portfolio segments, loans assigned to a particular lending officer, and loans with four or more renewals. | |||
The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are individually classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and other adjustments based on management’s assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. | |||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial, mortgage and agricultural loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. | |||
Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer loans for impairment disclosures, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. | |||
(g) | Debt and Equity Securities | ||
Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Securities not classified as held to maturity or trading, including equity securities with readily determinable fair values, are classified as “available for sale” and recorded at fair value based on available market prices, with unrealized gains and losses excluded from earnings and reported in other comprehensive income on an after-tax basis. Securities classified as “available for sale” are held for indefinite periods of time and may be sold in response to movements in market interest rates, changes in the maturity or mix of Company assets and liabilities or demand for liquidity. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. | |||
Other-than-temporary Impairment - Impaired securities are assessed quarterly for the presence of other-than-temporary impairment (“OTTI”). A decline in the fair value of any available-for-sale or held-to-maturity security below cost that is deemed to be other-than-temporary results in a reduction in the carrying amount of the security. To determine whether OTTI has occurred, management considers whether the entity expects to recover the entire amortized cost basis of the security by reviewing the present value of the future cash flows associated with the security. The shortfall of the present value of the cash flows expected to be collected in relation to the amortized cost basis is referred to as a credit loss and is deemed to be OTTI. If a credit loss is identified, the credit loss is recognized as a charge to earnings and a new cost basis for the security is established. If management concludes that no credit loss exists and it is not “more-likely-than-not” that it will be required to sell the security before maturity, then the security is not deemed OTTI and the shortfall is recorded as a component of equity. | |||
No securities have been classified as trading securities. | |||
(h) | Federal Home Loan Bank Stock | ||
The Company, as a member of the Federal Home Loan Bank (“FHLB”) Cincinnati system, is required to maintain an investment in capital stock of the FHLB. Based on redemption provisions of the FHLB, the stock has no quoted market value and is carried at par value, which approximates its fair value. Management reviews for impairment based on the ultimate recoverability of the cost basis in the FHLB stock. As of December 31, 2013, the minimum required investment was approximately $2,495,000. Stock redemptions are at the discretion of the FHLB. | |||
(i) | Loans Held for Sale | ||
Loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value. For loans carried at lower of cost or fair value, gains and losses on loans sales (sales proceeds minus carrying value) are recorded in non-interest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in non-interest income upon sale of the loan. | |||
(j) | Premises and Equipment | ||
Premises and equipment are stated at cost. Depreciation is computed primarily by the straight-line method over the estimated useful lives of the related assets. Gains or losses realized on items retired and otherwise disposed of is credited or charged to operations and cost and related accumulated depreciation are removed from the asset and accumulated depreciation accounts. | |||
Expenditures for major renovations and improvements of premises and equipment are capitalized and those for maintenance and repairs are charged to earnings as incurred. | |||
(k) | Other Real Estate | ||
Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less the estimated cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to their acquisition by the Company, valuations of these assets are periodically performed by management, and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance [i.e. any direct write-downs] are included in net expenses from foreclosed assets. | |||
(l) | Intangible Assets | ||
The Financial Accounting Standards Board “FASB” Accounting Standards Codification “ASC” 350, Goodwill and Other Intangible Assets requires that management determine the allocation of intangible assets into identifiable groups at the date of acquisition and that appropriate amortization periods be established. Under the provisions of FASB ASC 350, goodwill is not to be amortized; rather, it is to be monitored for impairment and written down to the impairment value at the time impairment occurs. The Company has determined that no impairment loss needs to be recognized related to its goodwill. | |||
(m) | Cash and Cash Equivalents | ||
For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks and Federal funds sold. Generally, Federal funds sold are purchased and sold for one-day periods. Management makes deposits only with financial institutions it considers to be financially sound. | |||
(n) | Long-Term Assets | ||
Premises and equipment, intangible assets, and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. | |||
(o) | Securities Sold Under Agreements to Repurchase | ||
Substantially all repurchase agreement liabilities represent amounts advanced by various customers. Securities are pledged to cover these liabilities, which are not covered by Federal deposit insurance. | |||
(p) | Income Taxes | ||
The Company accounts for Income Taxes in accordance with income tax accounting guidance (FASB ASC 740, Income Taxes). The Company follows accounting guidance related to accounting for uncertainty in income taxes, which sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. | |||
The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. | |||
Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. | |||
The Company recognizes interest and penalties on income taxes as a component of income tax expense. | |||
(q) | Stock Options | ||
Stock compensation accounting guidance (FASB ASC 718, “Compensation - Stock Compensation”) requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock options, restricted share plans, performance-based awards, share appreciation rights, and employee share purchase plans. | |||
The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company uses the Black-Scholes option pricing model to estimate the fair value of stock options. | |||
(r) | Advertising Costs | ||
Advertising costs are expensed as incurred by the Company and totaled $2,104,000, $1,230,000 and $1,019,000 for 2013, 2012 and 2011, respectively. | |||
(s) | Earnings Per Share | ||
Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflects additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method. | |||
(t) | Fair Value of Financial Instruments | ||
Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in note 21 of the consolidated financial statements. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates. | |||
(u) | Reclassifications | ||
Certain reclassifications have been made to the 2012 and 2011 figures to conform to the presentation for 2013. | |||
(v) | Off-Balance-Sheet Financial Instruments | ||
In the ordinary course of business Wilson Bank, has entered into off-balance-sheet financial instruments consisting of commitments to extend credit, commitments under credit card arrangements, commercial letters of credit and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded or related fees are incurred or received. | |||
(w) | Recently Adopted Accounting Pronouncements | ||
In June 2011, the FASB issued ASU No. 2011-05, Comprehensive Income — Presentation of Comprehensive Income. This ASU eliminates the option to present the components of other comprehensive income as part of the statement of stockholders’ equity. Rather, it gives an entity the choice to present the components of net income and other comprehensive income in either a single continuous statement or two separate but consecutive statements. The components of comprehensive income and timing of reclassification of an item to net income did not change with this update. ASU 2011-05 requires retrospective application and was effective for annual and interim periods beginning after December 15, 2011. The Company adopted this ASU in the first quarter of 2012 and continues to present a separate Consolidated Statement of Comprehensive Earnings following the Consolidated Statements of Earnings. | |||
In September 2011, the FASB issued ASU No. 2011-8, Intangibles — Goodwill and Other, regarding testing goodwill for impairment. The new guidance provides an entity the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If an entity determines that this is the case, it is required to perform the currently prescribed two-step goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment loss to be recognized for that reporting unit (if any). Based on the qualitative assessment, if an entity determines that the fair value of a reporting unit is more than its carrying amount, the two-step goodwill impairment test is not required. The new guidance was adopted by the Company beginning January 1, 2012 and was used in our annual assessment as of December 31, 2013. The results of our qualitative assessment indicated that the fair value of our reporting units was more than its carrying value, and accordingly, the two-step goodwill impairment test was not performed. | |||
In May 2011, the FASB issued ASU No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (Topic 820): Fair Value Measurement (“ASU 2011-04”), to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and International Financial Reporting Standards. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for level 3 fair value measurements. ASU 2011-04 was adopted by the Company in its first quarter of fiscal 2012. | |||
In February 2013, the FASB issued ASU No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” which provides disclosure guidance on amounts reclassified out of Accumulated Other Comprehensive Income by component. The adoption of this ASU did not have any impact on the Company’s financial position or results of operations but has impacted our financial statement disclosure. As shown on the statement of comprehensive earnings for the three years ended December 31, 2013, the Company reclassified approximately $48,000, $160,000 and $119,000 of net gains out of other comprehensive earnings into gain on the sale of investment securities, net of tax. |
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||||||||||||||||
-2 | Loans and Allowance for Loan Losses | ||||||||||||||||||||||||||||||||||||||||||||
The classification of loans at December 31, 2013 and 2012 is as follows: | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||
Mortgage loans on real estate: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 332,432 | 341,977 | ||||||||||||||||||||||||||||||||||||||||||
Multifamily | 13,920 | 16,140 | |||||||||||||||||||||||||||||||||||||||||||
Commercial | 526,258 | 469,757 | |||||||||||||||||||||||||||||||||||||||||||
Construction | 194,426 | 190,356 | |||||||||||||||||||||||||||||||||||||||||||
Farmland | 22,771 | 26,319 | |||||||||||||||||||||||||||||||||||||||||||
Second mortgages | 10,511 | 12,477 | |||||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 34,185 | 36,260 | |||||||||||||||||||||||||||||||||||||||||||
Total mortgage loans on real estate | 1,134,503 | 1,093,286 | |||||||||||||||||||||||||||||||||||||||||||
Commercial loans | 29,444 | 30,545 | |||||||||||||||||||||||||||||||||||||||||||
Agriculture loans | 2,099 | 2,238 | |||||||||||||||||||||||||||||||||||||||||||
Consumer installment loans: | |||||||||||||||||||||||||||||||||||||||||||||
Personal | 37,789 | 38,463 | |||||||||||||||||||||||||||||||||||||||||||
Credit cards | 3,329 | 3,250 | |||||||||||||||||||||||||||||||||||||||||||
Total consumer installment loans | 41,118 | 41,713 | |||||||||||||||||||||||||||||||||||||||||||
Other loans | 3,291 | 2,738 | |||||||||||||||||||||||||||||||||||||||||||
1,210,455 | 1,170,520 | ||||||||||||||||||||||||||||||||||||||||||||
Net deferred loan fees | (3,253 | ) | (2,912 | ) | |||||||||||||||||||||||||||||||||||||||||
Total loans | 1,207,202 | 1,167,608 | |||||||||||||||||||||||||||||||||||||||||||
Less: Allowance for loan losses | (22,935 | ) | (25,497 | ) | |||||||||||||||||||||||||||||||||||||||||
Loans, net | $ | 1,184,267 | 1,142,111 | ||||||||||||||||||||||||||||||||||||||||||
At December 31, 2013, variable rate loans were $771,739,000 and fixed rate loans totaled $435,463,000. At December 31, 2012, variable rate and fixed rate loans totaled $753,501,000 and $414,107,000, respectively. | |||||||||||||||||||||||||||||||||||||||||||||
In the normal course of business, Wilson Bank has made loans at prevailing interest rates and terms to directors and executive officers of the Company and to their affiliates. The aggregate amount of these loans was $10,821,000 and $9,309,000 at December 31, 2013 and 2012, respectively. None of these loans were restructured, charged-off or involved more than the normal risk of collectibility or presented other unfavorable features during the past three years. | |||||||||||||||||||||||||||||||||||||||||||||
An analysis of the activity with respect to such loans to related parties is as follows: | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||
Balance, January 1 | $ | 9,309 | 9,872 | ||||||||||||||||||||||||||||||||||||||||||
New loans and renewals during the year | 9,984 | 5,735 | |||||||||||||||||||||||||||||||||||||||||||
Repayments (including loans paid by renewal) during the year | (8,472 | ) | (6,298 | ) | |||||||||||||||||||||||||||||||||||||||||
Balance, December 31 | $ | 10,821 | 9,309 | ||||||||||||||||||||||||||||||||||||||||||
A director of the Company performs appraisals related to certain loan customers. Fees paid to the director for these services were $237,000, $364,000 and $198,000 in 2013, 2012 and 2011, respectively. | |||||||||||||||||||||||||||||||||||||||||||||
A loan is considered impaired, in accordance with the impairment accounting guidance (FASB ASC 310), when based on current information and events, it is probable that the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming commercial and real estate loans but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. Substantially all of the Company’s impaired loans are collateral dependent. | |||||||||||||||||||||||||||||||||||||||||||||
The following tables, present the Company’s impaired loans at December 31, 2013 and 2012: | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average | Interest | |||||||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 357 | 404 | — | 2,947 | 16 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 7,234 | 7,199 | — | 3,750 | 260 | ||||||||||||||||||||||||||||||||||||||||
Construction | 1,393 | 1,393 | — | 2,265 | 11 | ||||||||||||||||||||||||||||||||||||||||
Farmland | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 606 | 606 | — | 665 | — | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | 52 | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 9,590 | 9,602 | — | 9,679 | 287 | ||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average | Interest | |||||||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
With allowance recorded: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 3,972 | 4,186 | 1,150 | 5,107 | 187 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 10,589 | 12,226 | 2,300 | 11,834 | 264 | ||||||||||||||||||||||||||||||||||||||||
Construction | 2,413 | 2,413 | 950 | 5,859 | — | ||||||||||||||||||||||||||||||||||||||||
Farmland | 131 | 131 | 57 | 1,818 | 8 | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 156 | 155 | 49 | 157 | — | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 174 | 174 | 10 | 175 | 9 | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 17,435 | 19,285 | 4,516 | 24,950 | 468 | ||||||||||||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 4,329 | 4,590 | 1,150 | 8,054 | 203 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 17,823 | 19,425 | 2,300 | 15,584 | 524 | ||||||||||||||||||||||||||||||||||||||||
Construction | 3,806 | 3,806 | 950 | 8,124 | 11 | ||||||||||||||||||||||||||||||||||||||||
Farmland | 131 | 131 | 57 | 1,818 | 8 | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 762 | 761 | 49 | 822 | — | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 174 | 174 | 10 | 175 | 9 | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | 52 | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 27,025 | 28,887 | 4,516 | 34,629 | 755 | ||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average | Interest | |||||||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 3,418 | 3,418 | — | 4,134 | 215 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | 103 | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 4,439 | 5,439 | — | 5,371 | 66 | ||||||||||||||||||||||||||||||||||||||||
Construction | 1,952 | 4,252 | — | 6,166 | 74 | ||||||||||||||||||||||||||||||||||||||||
Farmland | — | — | — | 37 | — | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 606 | 606 | — | 667 | — | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 10,415 | 13,715 | — | 16,478 | 355 | ||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average | Interest | |||||||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
With allowance recorded: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 5,950 | 5,950 | 1,318 | 6,084 | 325 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 12,504 | 12,504 | 2,319 | 14,580 | 509 | ||||||||||||||||||||||||||||||||||||||||
Construction | 8,963 | 8,963 | 2,014 | 8,171 | 52 | ||||||||||||||||||||||||||||||||||||||||
Farmland | 2,826 | 2,826 | 1,160 | 3,155 | 57 | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 156 | 156 | 47 | 155 | 10 | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 172 | 172 | 3 | 223 | 9 | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | 216 | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 30,571 | 30,571 | 6,861 | 32,584 | 962 | ||||||||||||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 9,368 | 9,368 | 1,318 | 10,218 | 540 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | 103 | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 16,943 | 17,943 | 2,319 | 19,951 | 575 | ||||||||||||||||||||||||||||||||||||||||
Construction | 10,915 | 13,215 | 2,014 | 14,337 | 126 | ||||||||||||||||||||||||||||||||||||||||
Farmland | 2,826 | 2,826 | 1,160 | 3,192 | 57 | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 762 | 762 | 47 | 822 | 10 | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 172 | 172 | 3 | 223 | 9 | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | 216 | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 40,986 | 44,286 | 6,861 | 49,062 | 1,317 | ||||||||||||||||||||||||||||||||||||||||
The following tables present the Company’s nonaccrual loans, credit quality indicators and past due loans as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||||||||||||||||||
Loans on Nonaccrual Status | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 726 | 930 | ||||||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | |||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 21 | 4,445 | |||||||||||||||||||||||||||||||||||||||||||
Construction | 3,524 | 9,626 | |||||||||||||||||||||||||||||||||||||||||||
Farmland | 700 | 1,248 | |||||||||||||||||||||||||||||||||||||||||||
Second mortgages | 606 | 606 | |||||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | — | — | |||||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | |||||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | |||||||||||||||||||||||||||||||||||||||||||
Installment and other | — | — | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 5,577 | 16,855 | ||||||||||||||||||||||||||||||||||||||||||
The amount of interest income that would have been recognized for the years ended December 31, 2013 and 2012 amounted to $296,000 and $775,000, respectively, if the above nonaccrual loans had been current. | |||||||||||||||||||||||||||||||||||||||||||||
Potential problem loans, which include nonperforming loans, amounted to approximately $38.0 million at December 31, 2013 compared to $49.4 million at December 31, 2012. Potential problem loans represent those loans with a well defined weakness and where information about possible credit problems of borrowers has caused management to have serious doubts about the borrower’s ability to comply with present repayment terms. This definition is believed to be substantially consistent with the standards established by the FDIC, the Company’s primary federal regulator, for loans classified as special mention, substandard, or doubtful, excluding the impact of nonperforming loans. | |||||||||||||||||||||||||||||||||||||||||||||
The following table presents our loan balances by primary loan classification and the amount classified within each risk rating category. Pass rated loans include all credits other than those included in special mention, substandard and doubtful which are defined as follows: | |||||||||||||||||||||||||||||||||||||||||||||
• | Special mention loans have potential weaknesses that deserve management’s lose attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date. | ||||||||||||||||||||||||||||||||||||||||||||
• | Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize liquidation of the debt. Substandard loans are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. | ||||||||||||||||||||||||||||||||||||||||||||
• | Doubtful loans have all the characteristics of substandard loans with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The Company considers all doubtful loans to be impaired and places the loans on nonaccrual status. | ||||||||||||||||||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Residential | Multifamily | Commercial | Construction | Farmland | Second | Equity Lines | Commercial | Agricultural | Installment | Total | |||||||||||||||||||||||||||||||||||
1-4 Family | Real Estate | Mortgages | of Credit | and Other | |||||||||||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 319,762 | 13,920 | 507,769 | 190,083 | 22,324 | 9,135 | 33,964 | 29,298 | 2,089 | 44,159 | 1,172,503 | |||||||||||||||||||||||||||||||||
Special mention | 9,460 | — | 5,308 | 367 | 64 | 665 | 174 | 26 | 3 | 43 | 16,110 | ||||||||||||||||||||||||||||||||||
Substandard | 3,210 | — | 13,181 | 3,976 | 383 | 711 | 47 | 120 | 7 | 207 | 21,842 | ||||||||||||||||||||||||||||||||||
Doubtful | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Total | $ | 332,432 | 13,920 | 526,258 | 194,426 | 22,771 | 10,511 | 34,185 | 29,444 | 2,099 | 44,409 | 1,210,455 | |||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 326,648 | 16,087 | 452,350 | 179,114 | 23,253 | 11,123 | 35,756 | 30,499 | 2,215 | 44,057 | 1,121,102 | |||||||||||||||||||||||||||||||||
Special mention | 9,969 | 53 | 5,699 | 282 | 71 | 477 | 295 | 32 | 5 | 98 | 16,981 | ||||||||||||||||||||||||||||||||||
Substandard | 5,360 | — | 11,708 | 10,960 | 2,995 | 877 | 209 | 14 | 18 | 296 | 32,437 | ||||||||||||||||||||||||||||||||||
Doubtful | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Total | $ | 341,977 | 16,140 | 469,757 | 190,356 | 26,319 | 12,477 | 36,260 | 30,545 | 2,238 | 44,451 | 1,170,520 | |||||||||||||||||||||||||||||||||
Age Analysis of Past Due Loans | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
30-59 | 60-89 | Nonaccrual | Total | Current | Total | Recorded | |||||||||||||||||||||||||||||||||||||||
Days | Days | and | Nonaccrual | Loans | Investment | ||||||||||||||||||||||||||||||||||||||||
Past Due | Past Due | Greater | and | Greater Than | |||||||||||||||||||||||||||||||||||||||||
Than | Past Due | 90 Days and | |||||||||||||||||||||||||||||||||||||||||||
90 Days | Accruing | ||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 5,034 | 221 | 1,582 | 6,837 | 325,595 | 332,432 | 856 | |||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | 13,920 | 13,920 | — | ||||||||||||||||||||||||||||||||||||||
Commercial real estate | 287 | 19 | 710 | 1,016 | 525,242 | 526,258 | 689 | ||||||||||||||||||||||||||||||||||||||
Construction | 948 | 20 | 3,795 | 4,763 | 189,663 | 194,426 | 271 | ||||||||||||||||||||||||||||||||||||||
Farmland | 8 | — | 700 | 708 | 22,063 | 22,771 | — | ||||||||||||||||||||||||||||||||||||||
Second mortgages | 78 | — | 611 | 689 | 9,822 | 10,511 | 5 | ||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 48 | 27 | — | 75 | 34,110 | 34,185 | — | ||||||||||||||||||||||||||||||||||||||
Commercial | 122 | — | 285 | 407 | 29,037 | 29,444 | 285 | ||||||||||||||||||||||||||||||||||||||
Agricultural, installment and other | 484 | 115 | 27 | 626 | 45,882 | 46,508 | 27 | ||||||||||||||||||||||||||||||||||||||
Total | $ | 7,009 | 402 | 7,710 | 15,121 | 1,195,334 | 1,210,455 | 2,133 | |||||||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 5,297 | 1,448 | 1,524 | 8,269 | 333,708 | 341,977 | 594 | |||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | 16,140 | 16,140 | — | ||||||||||||||||||||||||||||||||||||||
Commercial real estate | 1,599 | 710 | 4,470 | 6,779 | 462,978 | 469,757 | 25 | ||||||||||||||||||||||||||||||||||||||
Construction | 796 | 72 | 9,650 | 10,518 | 179,838 | 190,356 | 24 | ||||||||||||||||||||||||||||||||||||||
Farmland | 260 | 43 | 1,248 | 1,551 | 24,768 | 26,319 | — | ||||||||||||||||||||||||||||||||||||||
Second mortgages | 396 | 7 | 677 | 1,080 | 11,397 | 12,477 | 71 | ||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 186 | 173 | 46 | 405 | 35,855 | 36,260 | 46 | ||||||||||||||||||||||||||||||||||||||
Commercial | 204 | 24 | 54 | 282 | 30,263 | 30,545 | 54 | ||||||||||||||||||||||||||||||||||||||
Agricultural, installment and other | 488 | 143 | 105 | 736 | 45,953 | 46,689 | 105 | ||||||||||||||||||||||||||||||||||||||
Total | $ | 9,226 | 2,620 | 17,774 | 29,620 | 1,140,900 | 1,170,520 | 919 | |||||||||||||||||||||||||||||||||||||
Transactions in the allowance for loan losses for the years ended December 31, 2013 and 2012 are summarized as follows: | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Residential | Multifamily | Commercial | Construction | Farmland | Second | Equity Lines | Commercial | Agricultural | Installment | Total | |||||||||||||||||||||||||||||||||||
1-4 Family | Real Estate | Mortgages | of Credit | and Other | |||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 5,699 | 89 | 9,305 | 7,191 | 1,658 | 272 | 492 | 382 | 15 | 394 | 25,497 | |||||||||||||||||||||||||||||||||
Provision | 36 | (12 | ) | 3,063 | (741 | ) | (266 | ) | (70 | ) | (89 | ) | 131 | (14 | ) | 139 | 2,177 | ||||||||||||||||||||||||||||
Charge-offs | (877 | ) | — | (1,478 | ) | (1,470 | ) | (781 | ) | (7 | ) | (104 | ) | (149 | ) | (1 | ) | (380 | ) | (5,247 | ) | ||||||||||||||||||||||||
Recoveries | 77 | — | 28 | 179 | 7 | 10 | 1 | 31 | 7 | 168 | 508 | ||||||||||||||||||||||||||||||||||
Ending balance | $ | 4,935 | 77 | 10,918 | 5,159 | 618 | 205 | 300 | 395 | 7 | 321 | 22,935 | |||||||||||||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 1,150 | — | 2,300 | 950 | 57 | 49 | 10 | — | — | — | 4,516 | |||||||||||||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 3,785 | 77 | 8,618 | 4,209 | 561 | 156 | 290 | 395 | 7 | 321 | 18,419 | |||||||||||||||||||||||||||||||||
Ending balance loans acquired with deteriorated credit quality | $ | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||||||||||||||
Ending balance | $ | 332,432 | 13,920 | 526,258 | 194,426 | 22,771 | 10,511 | 34,185 | 29,444 | 2,099 | 44,409 | 1,210,455 | |||||||||||||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 4,303 | — | 17,722 | 3,806 | 130 | 761 | 174 | — | — | — | 26,896 | |||||||||||||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 328,129 | 13,920 | 508,536 | 190,620 | 22,641 | 9,750 | 34,011 | 29,444 | 2,099 | 44,409 | 1,183,559 | |||||||||||||||||||||||||||||||||
Ending balance loans acquired with deteriorated credit quality | $ | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Residential | Multifamily | Commercial | Construction | Farmland | Second | Equity Lines | Commercial | Agricultural | Installment | Total | |||||||||||||||||||||||||||||||||||
1-4 Family | Real Estate | Mortgages | of Credit | and Other | |||||||||||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 5,414 | 54 | 8,242 | 6,223 | 1,829 | 326 | 653 | 1,309 | 19 | 456 | 24,525 | |||||||||||||||||||||||||||||||||
Provision | 1,557 | 35 | 5,021 | 3,020 | 284 | 62 | (65 | ) | (544 | ) | (4 | ) | 162 | 9,528 | |||||||||||||||||||||||||||||||
Charge-offs | (1,331 | ) | — | (4,057 | ) | (2,226 | ) | (462 | ) | (120 | ) | (96 | ) | (454 | ) | — | (412 | ) | (9,158 | ) | |||||||||||||||||||||||||
Recoveries | 59 | — | 99 | 174 | 7 | 4 | — | 71 | — | 188 | 602 | ||||||||||||||||||||||||||||||||||
Ending balance | $ | 5,699 | 89 | 9,305 | 7,191 | 1,658 | 272 | 492 | 382 | 15 | 394 | 25,497 | |||||||||||||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 1,318 | — | 2,319 | 2,014 | 1,160 | 47 | 3 | — | — | — | 6,861 | |||||||||||||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 4,381 | 89 | 6,986 | 5,177 | 498 | 225 | 489 | 382 | 15 | 394 | 18,636 | |||||||||||||||||||||||||||||||||
Ending balance loans acquired with deteriorated credit quality | $ | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||||||||||||||
Ending balance | $ | 341,977 | 16,140 | 469,757 | 190,356 | 26,319 | 12,477 | 36,260 | 30,545 | 2,238 | 44,451 | 1,170,520 | |||||||||||||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 9,368 | — | 16,943 | 10,915 | 2,826 | 762 | 172 | — | — | — | 40,986 | |||||||||||||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 332,609 | 16,140 | 452,814 | 179,441 | 23,493 | 11,715 | 36,088 | 30,545 | 2,238 | 44,451 | 1,129,534 | |||||||||||||||||||||||||||||||||
Ending balance loans acquired with deteriorated credit quality | $ | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
The following table outlines the amount of each troubled debt restructuring categorized by loan classification as of December 31, 2013 and 2012 (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||
Number of | Pre | Post | Number of | Pre | Post | ||||||||||||||||||||||||||||||||||||||||
Contracts | Modification | Modification | Contracts | Modification | Modification | ||||||||||||||||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||||||||||||||||||||
Recorded | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||||||||||||||||||
Investment | Investment, | Investment | Investment, | ||||||||||||||||||||||||||||||||||||||||||
Net of Related | Net of Related | ||||||||||||||||||||||||||||||||||||||||||||
Allowance | Allowance | ||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | 6 | $ | 800 | $ | 800 | 1 | $ | 365 | $ | 275 | |||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Commercial real estate | 2 | 5,522 | 3,291 | 1 | 416 | 355 | |||||||||||||||||||||||||||||||||||||||
Construction | 1 | 282 | 282 | 4 | 5,153 | 3,898 | |||||||||||||||||||||||||||||||||||||||
Farmland | — | — | — | 1 | 1,445 | 595 | |||||||||||||||||||||||||||||||||||||||
Second mortgages | 1 | 24 | 24 | — | — | — | |||||||||||||||||||||||||||||||||||||||
Equity lines of credit | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Agricultural, installment and other | 2 | 13 | 13 | 2 | 17 | 17 | |||||||||||||||||||||||||||||||||||||||
Total | 12 | $ | 6,641 | $ | 4,410 | 9 | $ | 7,396 | $ | 5,140 | |||||||||||||||||||||||||||||||||||
As of December 31, 2013 and 2012, the Company did not have any loans previously classified as troubled debt restructurings subsequently default within twelve months of the restructuring. A default is defined as an occurrence which violates the terms of the receivable’s contract. | |||||||||||||||||||||||||||||||||||||||||||||
The Company’s principal customers are primarily in the Middle Tennessee area with a concentration in Wilson County, Tennessee. Credit is extended to businesses and individuals and is evidenced by promissory notes. The terms and conditions of the loans including collateral vary depending upon the purpose of the credit and the borrower’s financial condition. | |||||||||||||||||||||||||||||||||||||||||||||
In 2013, 2012 and 2011, the Company originated loans in the secondary market of $109,131,000, $135,107,000 and $111,040,000, respectively. The fees and gain on sale of these loans totaled $3,298,000, $3,602,000 and $2,069,000 in 2013, 2012 and 2011, respectively. The Company sells loans to third-party investors on a loan-by-loan basis and has not entered into any forward commitments with investors for future bulk sales. All of these loans sales transfer servicing rights to the buyer. | |||||||||||||||||||||||||||||||||||||||||||||
At December 31, 2013 and 2012, total loans sold with recourse in the secondary market aggregated $111,914,000 and $131,322,000, respectively. At December 31, 2013, Wilson Bank has not been required to repurchase a significant amount of the loans originated by Wilson Bank and sold in the secondary market. Management expects no material losses to result from these recourse provisions. |
Debt_and_Equity_Securities
Debt and Equity Securities | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Debt and Equity Securities | ' | ||||||||||||||||||||||||||||||||
-3 | Debt and Equity Securities | ||||||||||||||||||||||||||||||||
Debt and equity securities have been classified in the consolidated balance sheet according to management’s intent. Debt and equity securities at December 31, 2013 consist of the following: | |||||||||||||||||||||||||||||||||
Securities Held-To-Maturity | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Market | ||||||||||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
Government-sponsored enterprises (GSEs)* residential | $ | 8,649 | 73 | 520 | 8,202 | ||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 18,174 | 424 | 239 | 18,359 | |||||||||||||||||||||||||||||
$ | 26,823 | 497 | 759 | 26,561 | |||||||||||||||||||||||||||||
Securities Available-For-Sale | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Market | ||||||||||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||||||||||
U.S. Government-sponsored enterprises (GSEs) and agency-backed securities* | $ | 146,769 | 10 | 5,961 | 140,818 | ||||||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
GSE residential | 175,855 | 808 | 1,481 | 175,182 | |||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 13,711 | 71 | 409 | 13,373 | |||||||||||||||||||||||||||||
$ | 336,335 | 889 | 7,851 | 329,373 | |||||||||||||||||||||||||||||
* | Such as Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks, Federal Farm Credit Banks, Government National Mortgage Association and Small Business Administration. | ||||||||||||||||||||||||||||||||
The Company’s classification of securities at December 31, 2012 is as follows: | |||||||||||||||||||||||||||||||||
Securities Held-To-Maturity | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Market | ||||||||||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
Government-sponsored enterprises (GSEs)* residential | $ | 2,918 | 122 | — | 3,040 | ||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 12,590 | 687 | — | 13,277 | |||||||||||||||||||||||||||||
$ | 15,508 | 809 | — | 16,317 | |||||||||||||||||||||||||||||
Securities Available-For-Sale | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Market | ||||||||||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||||||||||
U.S. Government-sponsored enterprises (GSEs)* | $ | 122,110 | 643 | 55 | 122,698 | ||||||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
GSE residential | 177,787 | 3,373 | 32 | 181,128 | |||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 13,214 | 267 | 29 | 13,452 | |||||||||||||||||||||||||||||
$ | 313,111 | 4,283 | 116 | 317,278 | |||||||||||||||||||||||||||||
* | Such as Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks, Federal Farm Credit Banks, and Government National Mortgage Association. | ||||||||||||||||||||||||||||||||
Included in mortgage-backed GSE residential available for sale securities are collateralized mortgage obligations totaling $5,617,000 (fair value of $5,674,000) and $9,262,000 (fair value of $9,357,000) at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||||
The amortized cost and estimated market value of debt securities at December 31, 2013, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Securities Held-To-Maturity | Amortized | Estimated | |||||||||||||||||||||||||||||||
Cost | Market | ||||||||||||||||||||||||||||||||
Value | |||||||||||||||||||||||||||||||||
Due in one year or less | $ | 660 | 664 | ||||||||||||||||||||||||||||||
Due after one year through five years | 8,322 | 8,599 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 5,386 | 5,418 | |||||||||||||||||||||||||||||||
Due after ten years | 3,806 | 3,678 | |||||||||||||||||||||||||||||||
18,174 | 18,359 | ||||||||||||||||||||||||||||||||
Mortgage-backed securities | 8,649 | 8,202 | |||||||||||||||||||||||||||||||
$ | 26,823 | 26,561 | |||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Securities Available-For-Sale | Amortized | Estimated | |||||||||||||||||||||||||||||||
Cost | Market | ||||||||||||||||||||||||||||||||
Value | |||||||||||||||||||||||||||||||||
Due in one year or less | $ | 4,091 | 4,102 | ||||||||||||||||||||||||||||||
Due after one year through five years | 45,989 | 45,304 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 99,183 | 94,162 | |||||||||||||||||||||||||||||||
Due after ten years | 6,415 | 5,891 | |||||||||||||||||||||||||||||||
155,678 | 149,459 | ||||||||||||||||||||||||||||||||
Mortgage and asset-backed securities | 180,657 | 179,914 | |||||||||||||||||||||||||||||||
$ | 336,335 | 329,373 | |||||||||||||||||||||||||||||||
Results from sales of debt and equity securities are as follows: | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||
Gross proceeds | $ | 6,867 | 37,353 | 26,452 | |||||||||||||||||||||||||||||
Gross realized gains | $ | 78 | $ | 261 | 192 | ||||||||||||||||||||||||||||
Gross realized losses | — | (2 | ) | — | |||||||||||||||||||||||||||||
Net realized gains | $ | 78 | $ | 259 | 192 | ||||||||||||||||||||||||||||
Securities carried in the balance sheet of approximately $156,443,000 (approximate market value of $151,345,000) and $125,593,000 (approximate market value of $126,758,000) were pledged to secure public deposits and for other purposes as required or permitted by law at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||||
Included in the securities above are $18,391,000 (approximate market value of $18,545,000) and $12,807,000 (approximate market value of $13,475,000) at December 31, 2013 and 2012, respectively, in obligations of political subdivisions located within the State of Tennessee. Management purchases only obligations of such political subdivisions it considers to be financially sound. | |||||||||||||||||||||||||||||||||
Securities that have rates that adjust prior to maturity totaled $12,000 (approximate market value of $12,000) and $16,000 (approximate market value of $16,000) at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||||
Temporarily Impaired Securities | |||||||||||||||||||||||||||||||||
The following table shows the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2013. | |||||||||||||||||||||||||||||||||
Available for sale and held to maturity securities that have been in a continuous unrealized loss position at December 31, 2013 are as follows: | |||||||||||||||||||||||||||||||||
In Thousands, Except Number of Securities | |||||||||||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||
Fair | Unrealized | Number | Fair | Unrealized | Number | Fair | Unrealized | ||||||||||||||||||||||||||
Value | Losses | of | Value | Losses | of | Value | Losses | ||||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||||||||||
Included | Included | ||||||||||||||||||||||||||||||||
Held to Maturity Securities: | |||||||||||||||||||||||||||||||||
Debt securities: | |||||||||||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
GSE residential | $ | 6,678 | $ | 520 | 5 | $ | — | $ | — | — | $ | 6,678 | $ | 520 | |||||||||||||||||||
Obligations of states and political subdivisions | 7,817 | 231 | 21 | 343 | 8 | 2 | 8,160 | 239 | |||||||||||||||||||||||||
$ | 14,495 | $ | 751 | 26 | $ | 343 | $ | 8 | 2 | $ | 14,838 | $ | 759 | ||||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||||||||||
Debt securities: | |||||||||||||||||||||||||||||||||
GSEs and agency-backed | $ | 108,234 | $ | 4,358 | 37 | $ | 19,479 | $ | 1,603 | 7 | $ | 127,713 | $ | 5,961 | |||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
GSE residential | 97,805 | 1,449 | 32 | 1,866 | 32 | 2 | 99,671 | 1,481 | |||||||||||||||||||||||||
Obligations of states and political subdivisions | 5,645 | 95 | 14 | 4,766 | 314 | 14 | 10,411 | 409 | |||||||||||||||||||||||||
$ | 211,684 | $ | 5,902 | 83 | $ | 26,111 | $ | 1,949 | 23 | $ | 237,795 | $ | 7,851 | ||||||||||||||||||||
Restricted_Equity_Securities
Restricted Equity Securities | 12 Months Ended | |
Dec. 31, 2013 | ||
Text Block [Abstract] | ' | |
Restricted Equity Securities | ' | |
-4 | Restricted Equity Securities | |
Restricted equity securities consists of stock of the Federal Home Loan Bank amounting to $3,012,000 at December 31, 2013 and 2012. The stock can be sold back only at par or a value as determined by the issuing institution and only to the respective financial institution or to another member institution. These securities are recorded at cost. |
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Premises and Equipment | ' | ||||||||
-5 | Premises and Equipment | ||||||||
The detail of premises and equipment at December 31, 2013 and 2012 is as follows: | |||||||||
In Thousands | |||||||||
2013 | 2012 | ||||||||
Land | $ | 15,140 | 15,115 | ||||||
Buildings | 25,859 | 25,114 | |||||||
Leasehold improvements | 140 | 140 | |||||||
Furniture and equipment | 6,698 | 5,765 | |||||||
Automobiles | 123 | 119 | |||||||
Construction-in-progress | 1,100 | — | |||||||
49,060 | 46,253 | ||||||||
Less accumulated depreciation | (10,884 | ) | (10,400 | ) | |||||
$ | 38,176 | 35,853 | |||||||
During 2013 and 2012 payments of $1,154,000 and $343,000, respectively, were made to a director for building repairs and maintenance and construction of buildings. | |||||||||
Depreciation expense was $1,763,000, $1,530,000 and $1,491,000 for the years ended December 31, 2013, 2012 and 2011, respectively. |
Acquired_Intangible_Assets_and
Acquired Intangible Assets and Goodwill | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||
Acquired Intangible Assets and Goodwill | ' | ||||||||
-6 | Acquired Intangible Assets and Goodwill | ||||||||
The intangible assets result from the excess of purchase price over the applicable book value of the net assets acquired of 50% owned subsidiaries in 2005. | |||||||||
The premium on purchased deposits was amortized on a straight-line basis over 7 years ending in 2012. Amortization was $112,000, $396,000 and $396,000 for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||
In Thousands | |||||||||
2013 | 2012 | ||||||||
Goodwill: | |||||||||
Balance at January 1, | $ | 4,805 | 4,805 | ||||||
Goodwill acquired during year | — | — | |||||||
Impairment loss | — | — | |||||||
Balance at December 31, | $ | 4,805 | 4,805 | ||||||
Other_Assets
Other Assets | 12 Months Ended | |
Dec. 31, 2013 | ||
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | ' | |
Other Assets | ' | |
-7 | Other Assets | |
Other assets were $14,620,000 and $10,965,000 at December 31, 2013 and 2012, respectively. During 2009, the FDIC required all members to prepay three years of estimated deposit insurance premiums. The Company’s assessment was $7,176,000. As of December 31, 2013 the Company did not have a prepaid FDIC insurance balance. As of December 31, 2012 the Company had $2,176,000 remaining in prepaid FDIC insurance. |
Deposits
Deposits | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Banking And Thrift [Abstract] | ' | ||||||||
Deposits | ' | ||||||||
-8 | Deposits | ||||||||
Deposits at December 31, 2013 and 2012 are summarized as follows: | |||||||||
In Thousands | |||||||||
2013 | 2012 | ||||||||
Demand deposits | $ | 136,525 | 126,953 | ||||||
Savings accounts | 93,130 | 94,441 | |||||||
Negotiable order of withdrawal accounts | 329,572 | 310,080 | |||||||
Money market demand accounts | 406,984 | 339,417 | |||||||
Certificates of deposit $100,000 or greater | 251,722 | 260,641 | |||||||
Other certificates of deposit | 240,815 | 263,095 | |||||||
Individual retirement accounts $100,000 or greater | 42,487 | 44,845 | |||||||
Other individual retirement accounts | 53,020 | 54,450 | |||||||
$ | 1,554,255 | 1,493,922 | |||||||
Principal maturities of certificates of deposit and individual retirement accounts at December 31, 2013 are as follows: | |||||||||
(In Thousands) | |||||||||
Maturity | Total | ||||||||
2014 | $ | 346,191 | |||||||
2015 | 129,837 | ||||||||
2016 | 48,508 | ||||||||
2017 | 38,167 | ||||||||
2018 | 25,341 | ||||||||
Thereafter | — | ||||||||
$ | 588,044 | ||||||||
The aggregate amount of overdrafts reclassified as loans receivable was $212,000 and $256,000 at December 31, 2013 and 2012, respectively. | |||||||||
As of December 31, 2013 and 2012, the Bank was not required to maintain a cash balance with the Federal Reserve. |
Securities_Sold_Under_Repurcha
Securities Sold Under Repurchase Agreements | 12 Months Ended | |
Dec. 31, 2013 | ||
Banking And Thrift [Abstract] | ' | |
Securities Sold Under Repurchase Agreements | ' | |
-9 | Securities Sold Under Repurchase Agreements | |
Securities sold under repurchase agreements were $9,078,000 and $10,584,000 at December 31, 2013 and 2012, respectively. The maximum amounts of outstanding repurchase agreements at any month end during 2013 and 2012 was $10,527,000 and $10,584,000, respectively. The average daily balance outstanding during 2013 and 2012 was $9,438,000 and $8,426,000, respectively. The weighted-average interest rate on the outstanding balance at December 31, 2013 and 2012 was .50% and .52% , respectively. The underlying securities are typically held by other financial institutions and are designated as pledged. |
NonInterest_Income_and_NonInte
Non-Interest Income and Non-Interest Expense | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Other Income And Expenses [Abstract] | ' | ||||||||||||
Non-Interest Income and Non-Interest Expense | ' | ||||||||||||
-10 | Non-Interest Income and Non-Interest Expense | ||||||||||||
The significant components of non-interest income and non-interest expense for the years ended December 31 are presented below: | |||||||||||||
In Thousands | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Non-interest income: | |||||||||||||
Service charges on deposits | $ | 4,090 | 4,568 | 5,356 | |||||||||
Other fees and commissions | 7,726 | 7,603 | 6,859 | ||||||||||
Security gains, net | 78 | 259 | 192 | ||||||||||
Fees and gains on sales of loans | 3,298 | 3,602 | 2,069 | ||||||||||
Other income | 12 | 3 | — | ||||||||||
$ | 15,204 | 16,035 | 14,476 | ||||||||||
In Thousands | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Non-interest expense: | |||||||||||||
Employee salaries and benefits | $ | 25,697 | 23,984 | 22,723 | |||||||||
Occupancy expenses | 2,715 | 2,626 | 2,524 | ||||||||||
Furniture and equipment expenses | 1,406 | 1,175 | 1,156 | ||||||||||
Loss on sales of other assets, net | 3 | 2 | 15 | ||||||||||
Write downs and loss on sales of other real estate, net | 1,642 | 3,286 | 3,560 | ||||||||||
Data processing expenses | 1,902 | 1,433 | 1,322 | ||||||||||
FDIC insurance | 1,220 | 1,738 | 1,756 | ||||||||||
Directors’ fees | 707 | 762 | 739 | ||||||||||
Legal fees and litigation losses | 2,980 | 178 | 63 | ||||||||||
Other operating expenses | 10,515 | 9,914 | 9,805 | ||||||||||
$ | 48,787 | 45,098 | 43,663 | ||||||||||
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Taxes | ' | ||||||||||||
-11 | Income Taxes | ||||||||||||
The components of the net deferred tax asset are as follows: | |||||||||||||
In Thousands | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax asset: | |||||||||||||
Federal | $ | 11,638 | 10,177 | ||||||||||
State | 1,928 | 1,616 | |||||||||||
13,566 | 11,793 | ||||||||||||
Deferred tax liability: | |||||||||||||
Federal | (1,768 | ) | (2,947 | ) | |||||||||
State | (361 | ) | (603 | ) | |||||||||
(2,129 | ) | (3,550 | ) | ||||||||||
$ | 11,437 | 8,243 | |||||||||||
The tax effects of each type of significant item that gave rise to deferred tax assets (liabilities) are: | |||||||||||||
In Thousands | |||||||||||||
2013 | 2012 | ||||||||||||
Financial statement allowance for loan losses in excess of tax allowance | $ | 8,330 | 9,298 | ||||||||||
Excess of depreciation deducted for tax purposes over the amounts deducted in the financial statements | (1,650 | ) | (1,474 | ) | |||||||||
Financial statement deduction for deferred compensation in excess of deduction for tax purposes | 908 | 879 | |||||||||||
Writedown of other real estate not deductible for income tax purposes until sold | 1,586 | 1,578 | |||||||||||
Financial statement income on FHLB stock dividends not recognized for tax purposes | (480 | ) | (480 | ) | |||||||||
Unrealized loss (gain) on securities available-for-sale | 2,666 | (1,596 | ) | ||||||||||
Miscellaneous | 77 | 38 | |||||||||||
$ | 11,437 | $ | 8,243 | ||||||||||
The components of income tax expense (benefit) are summarized as follows: | |||||||||||||
In Thousands | |||||||||||||
Federal | State | Total | |||||||||||
2013 | |||||||||||||
Current | $ | 7,193 | 1,045 | 8,238 | |||||||||
Deferred | 898 | 170 | 1,068 | ||||||||||
Total | $ | 8,091 | 1,215 | 9,306 | |||||||||
2012 | |||||||||||||
Current | $ | 7,022 | 1,307 | 8,329 | |||||||||
Deferred | (732 | ) | (82 | ) | (814 | ) | |||||||
Total | $ | 6,290 | 1,225 | 7,515 | |||||||||
2011 | |||||||||||||
Current | $ | 6,780 | 1,236 | 8,016 | |||||||||
Deferred | (1,283 | ) | (188 | ) | (1,471 | ) | |||||||
Total | $ | 5,497 | 1,048 | 6,545 | |||||||||
A reconciliation of actual income tax expense of $9,306,000, $7,515,000 and $6,545,000 for the years ended December 31, 2013, 2012 and 2011, respectively, to the “expected” tax expense (computed by applying the statutory rate of 34% to earnings before income taxes) is as follows: | |||||||||||||
In Thousands | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Computed “expected” tax expense | $ | 8,559 | 6,686 | 5,642 | |||||||||
State income taxes, net of Federal income tax benefit | 937 | 780 | 694 | ||||||||||
Tax exempt interest, net of interest expense exclusion | (234 | ) | (203 | ) | (199 | ) | |||||||
Federal income tax rate in excess of statutory rate related to taxable income over $10 million | 204 | 206 | 187 | ||||||||||
Earnings on cash surrender value of life insurance | (25 | ) | (82 | ) | (21 | ) | |||||||
Expenses not deductible for tax purposes | 35 | 26 | 24 | ||||||||||
Stock based compensation expense | 11 | 10 | 8 | ||||||||||
Other | (181 | ) | 92 | 210 | |||||||||
$ | 9,306 | 7,515 | 6,545 | ||||||||||
Total income tax expense for 2013, 2012 and 2011, includes $30,000, $100,000 and $73,000 of expense related to the realized gain and loss, respectively, on sale of securities. | |||||||||||||
As of December 31, 2013, 2012 and 2011 the Company has not accrued or recognized interest or penalties related to uncertain tax positions. It is the Company’s policy to recognize interest and/or penalties related to income tax matters in income tax expense. | |||||||||||||
There were no unrecognized tax benefits at December 31, 2013. | |||||||||||||
Wilson Bank does not expect that unrecognized tax benefits will significantly increase or decrease within the next 12 months. Included in the balance at December 31, 2013, were approximately $13.6 million of tax positions (deferred tax assets) for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. Because of the impact of deferred tax accounting, other than interest, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period. | |||||||||||||
The Company and Wilson Bank file income tax returns in the United States (“U.S.”), as well as in the State of Tennessee. The Company is no longer subject to U.S. federal or state income tax examinations by tax authorities for years before 2010. The Company’s Federal tax returns have been audited through December 31, 2004 with no changes. |
Commitments_and_Contingent_Lia
Commitments and Contingent Liabilities | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||
Commitments and Contingent Liabilities | ' | ||||
-12 | Commitments and Contingent Liabilities | ||||
The Company is party to litigation and claims arising in the normal course of business. Management, after consultation with legal counsel, believes that the liabilities, if any, arising from such litigation and claims will not be material to the consolidated financial position. | |||||
In addition, the Company is currently involved in a lawsuit in which borrowers have alleged improper conduct by a former officer of the Company. Management, after consultation with legal counsel, does not believe losses, if any, will be material to the financial position of the Company. | |||||
Wilson Bank leases land for certain branch facilities and automatic teller machine locations. Future minimum rental payments required under the terms of the noncancellable leases are as follows: | |||||
Years Ending December 31, | In Thousands | ||||
2014 | $ | 85 | |||
2015 | 58 | ||||
2016 | 23 | ||||
2017 | 14 | ||||
Total rent expense amounted to $128,000, $153,000 and $174,000, respectively, during the years ended December 31, 2013, 2012 and 2011. | |||||
The Company has lines of credit with other financial institutions totaling $53,000,000 and $38,000,000 at December 31, 2013 and 2012, respectively. At December 31, 2013 and 2012, respectively, there was no balance outstanding under these lines of credit. |
Financial_Instruments_with_Off
Financial Instruments with Off-Balance-Sheet Risk | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Investments All Other Investments [Abstract] | ' | ||||||||
Financial Instruments with Off-Balance-Sheet Risk | ' | ||||||||
-13 | Financial Instruments with Off-Balance-Sheet Risk | ||||||||
The Company is party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments consist primarily of commitments to extend credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. | |||||||||
The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. | |||||||||
In Thousands | |||||||||
Contract or | |||||||||
Notional Amount | |||||||||
2013 | 2012 | ||||||||
Financial instruments whose contract amounts represent credit risk: | |||||||||
Unused commitments to extend credit | $ | 185,633 | 189,486 | ||||||
Standby letters of credit | 28,077 | 25,385 | |||||||
Total | $ | 213,710 | 214,871 | ||||||
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to be drawn upon, the total commitment amounts generally represent future cash requirements. The Company evaluates each customer’s credit-worthiness on a case-by-case basis. The amount of collateral, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral normally consists of real property. |
Concentration_of_Credit_Risk
Concentration of Credit Risk | 12 Months Ended | |
Dec. 31, 2013 | ||
Risks And Uncertainties [Abstract] | ' | |
Concentration of Credit Risk | ' | |
-14 | Concentration of Credit Risk | |
Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. Most guarantees extend from one to two years. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The fair value of standby letters of credit is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements, the likelihood of the counter parties drawing on such financial instruments and the present creditworthiness of such counter parties. Such commitments have been made on terms which are competitive in the markets in which the Company operates; thus, the fair value of standby letters of credit equals the carrying value for the purposes of this disclosure. The maximum potential amount of future payments that the Company could be required to make under the guarantees totaled $28.0 million at December 31, 2013. | ||
Practically all of the Company’s loans, commitments, and commercial and standby letters of credit have been granted to customers in the Company’s market area. Practically all such customers are depositors of Wilson Bank. Investment in state and municipal securities also include governmental entities within the Company’s market area. The concentrations of credit by type of loan are set forth in note 2 to the consolidated financial statements. | ||
At December 31, 2013, the Company’s cash and due from banks and federal funds sold included commercial bank deposits aggregating $39,332,000 in excess of the FDIC limit of $250,000 per depositor. | ||
Federal funds sold were deposited with three banks. |
Employee_Benefit_Plan
Employee Benefit Plan | 12 Months Ended | |
Dec. 31, 2013 | ||
Compensation And Retirement Disclosure [Abstract] | ' | |
Employee Benefit Plan | ' | |
-15 | Employee Benefit Plan | |
Wilson Bank has in effect a 401(k) plan (the “401(k) Plan”) which covers eligible employees. To be eligible an employee must have obtained the age of 20 1/2. The provisions of the 401(k) Plan provide for both employee and employer contributions. For the years ended December 31, 2013, 2012 and 2011, Wilson Bank contributed $1,612,000, $1,519,000 and $1,421,000, respectively, to the 401(k) |
Dividend_Reinvestment_Plan
Dividend Reinvestment Plan | 12 Months Ended | |
Dec. 31, 2013 | ||
Text Block [Abstract] | ' | |
Dividend Reinvestment Plan | ' | |
-16 | Dividend Reinvestment Plan | |
Under the terms of the Company’s dividend reinvestment plan (the “DRIP”) holders of common stock may elect to automatically reinvest cash dividends in additional shares of common stock. The Company may elect to sell original issue shares or to purchase shares in the open market for the account of participants. Original issue shares of 73,411 in 2013, 106,230 in 2012 and 79,962 in 2011 were sold to participants under the terms of the DRIP. |
Regulatory_Matters_and_Restric
Regulatory Matters and Restrictions on Dividends | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Matters and Restrictions on Dividends | ' | ||||||||||||||||||||||||
-17 | Regulatory Matters and Restrictions on Dividends | ||||||||||||||||||||||||
The Company and Wilson Bank are subject to regulatory capital requirements administered by the Federal Deposit Insurance Corporation, the Federal Reserve and the Tennessee Department of Financial Institutions. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s and Wilson Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Wilson Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies. | |||||||||||||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require the Company and Wilson Bank to maintain minimum amounts and ratios (set forth in the following table) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier 1 capital (as defined) to average assets (as defined). Management believes, as of December 31, 2013 and 2012, that the Company and Wilson Bank meet all capital adequacy requirements to which they are subject. | |||||||||||||||||||||||||
As of December 31, 2013, the most recent notification from the FDIC categorized Wilson Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, an institution must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following tables. There are no conditions or events since the notification that management believes have changed Wilson Bank’s category. The Company’s and Wilson Bank’s actual capital amounts and ratios as of December 31, 2013 and 2012, are also presented in the table: | |||||||||||||||||||||||||
Actual | Regulatory | Regulatory | |||||||||||||||||||||||
Minimum Capital | Minimum To Be | ||||||||||||||||||||||||
Requirement | Well Capitalized | ||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Total capital to risk weighted assets: | |||||||||||||||||||||||||
Consolidated | $ | 193,746 | 14.7 | % | $ | 105,656 | 8 | % | $ | 132,070 | 10 | % | |||||||||||||
Wilson Bank | 190,911 | 14.5 | 105,622 | 8 | 132,027 | 10 | |||||||||||||||||||
Tier 1 capital to risk weighted assets: | |||||||||||||||||||||||||
Consolidated | 177,161 | 13.4 | 52,805 | 4 | 79,208 | 6 | |||||||||||||||||||
Wilson Bank | 174,326 | 13.2 | 52,826 | 4 | 79,239 | 6 | |||||||||||||||||||
Tier 1 capital to average assets: | |||||||||||||||||||||||||
Consolidated | 177,161 | 10.3 | 69,001 | 4 | N/A | N/A | |||||||||||||||||||
Wilson Bank | 174,326 | 10.1 | 69,040 | 4 | 86,300 | 5 | |||||||||||||||||||
Actual | Regulatory | Regulatory | |||||||||||||||||||||||
Minimum Capital | Minimum To Be | ||||||||||||||||||||||||
Requirement | Well Capitalized | ||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Total capital to risk weighted assets: | |||||||||||||||||||||||||
Consolidated | $ | 178,162 | 14.2 | % | $ | 100,373 | 8 | % | $ | 125,466 | 10 | % | |||||||||||||
Wilson Bank | 176,652 | 14.1 | 100,228 | 8 | 125,285 | 10 | |||||||||||||||||||
Tier 1 capital to risk weighted assets: | |||||||||||||||||||||||||
Consolidated | 162,321 | 12.9 | 50,332 | 4 | 75,498 | 6 | |||||||||||||||||||
Wilson Bank | 160,811 | 12.8 | 50,253 | 4 | 73,380 | 6 | |||||||||||||||||||
Tier 1 capital to average assets: | |||||||||||||||||||||||||
Consolidated | 162,321 | 9.8 | 66,253 | 4 | N/A | N/A | |||||||||||||||||||
Wilson Bank | 160,811 | 9.7 | 66,314 | 4 | 82,892 | 5 | |||||||||||||||||||
Under recently adopted rules by the Federal Reserve Board and FDIC pursuant to the Dodd-Frank Act, the leverage and risk-based capital ratios of bank holding companies may not be lower than the leverage and risk-based capital ratios for insured depository institutions. These rules will become effective as to the Company and the Bank on January 1, 2015 and include new minimum risk-based capital and leverage ratios. Moreover, these rules refine the definition of what constitutes “capital” for purposes of calculating those ratios. The new minimum capital level requirements applicable to bank holding companies and banks subject to the rules are: (i) a new common equity Tier 1 capital ratio of 4.5%; (ii) a Tier 1 risk-based capital ratio of 6% (increased from 4%); (iii) a total risk-based capital ratio of 8% (unchanged from current rules); and (iv) a Tier 1 leverage ratio of 4% for all institutions. The rules also establish a “capital conservation buffer” of 2.5% (to be phased in over three years) above the new regulatory minimum capital ratios, and result in the following minimum ratios once the capital conservation buffer is fully phased in: (i) a common equity Tier 1 risk-based capital ratio of 7.0%, (ii) a Tier 1 risk-based capital ratio of 8.5%, and (iii) a total risk-based capital ratio of 10.5%. The capital conservation buffer requirement is to be phased in beginning in January, 2016 at 0.625% of risk-weighted assets and would increase each year until fully implemented on January 1, 2019. An institution will be subject to limitations on paying dividends, engaging in share repurchases and paying discretionary bonuses if its capital levels fall below the buffer amounts. Capital eligibility criteria limits such items as minority interest, mortgage servicing rights and deferred tax assets. |
Salary_Deferral_Plans
Salary Deferral Plans | 12 Months Ended | |
Dec. 31, 2013 | ||
Compensation Related Costs [Abstract] | ' | |
Salary Deferral Plans | ' | |
-18 | Salary Deferral Plans | |
Wilson Bank provides its executive officers an Executive Salary Continuation Plan, which also provides for death and disability benefits. The Executive Salary Continuation Plan was established by the Board of Directors to reward executive management for past performance and to provide additional incentive to retain the service of executive management. There were ten employees participating in the Executive Salary Continuation Plan at December 31, 2013. | ||
The Executive Salary Continuation Plan provides retirement benefits for a period of 180 months after the employee reaches the age of 65 and/or age 55 after 20 years of service. The Executive Salary Continuation Plan also provides benefits over a period of fifteen years in the event the executive should die or become disabled prior to reaching retirement. Wilson Bank has purchased insurance policies or other assets to provide the benefits listed above. The insurance policies remain the sole property of Wilson Bank and are payable to Wilson Bank. At December 31, 2013 and 2012, the salary deferral compensation liability totaled $1,916,000 and $2,017,000, respectively, the cash surrender value of life insurance was $2,381,000 and $2,308,000, respectively, and the face amount of the insurance policies in force approximated $7,109,000 at December 31, 2013 and 2012. The Executive Salary Continuation Plan is not qualified under Section 401 of the Internal Revenue Code. | ||
During November 2012, the Company amended its Executive Salary Continuation Plan effectively freezing accrued benefits so that no additional benefits will be accrued under the existing Executive Salary Continuation Plan. The frozen disability benefit will be paid until the applicable executive’s normal retirement age at which time such benefit will be reduced to the normal retirement benefit provided for under the applicable Executive Salary Continuation Plan agreement for the remaining benefit period. | ||
In November 2012, Supplemental Executive Retirement Plan (SERP) Agreements were entered into with Wilson Bank’s executive officers to provide certain supplemental nonqualified pension benefits to the executives in coordination with the freezing of the benefits under the executive’s Salary Continuation Agreement. The SERP Agreements when combined with the frozen Salary Continuation Agreements continue to provide the executives with the same benefits as provided under the Salary Continuation Agreements for the 180-month period provided for thereunder and then continue a portion of that benefit for the remainder of each of the executives’ lives. In November 2012, Wilson Bank purchased Flexible Premium Indexed Deferred Annuity Contracts in the amount of $3,809,000 to fund the benefits under the SERP Agreements. The Salary Continuation Agreements, as amended, and the SERP Agreements together provide for the payment of an annual cash benefit to each of the executives (or their beneficiaries) following the executive’s separation from service from Wilson Bank under a variety of circumstances including both the executive’s voluntary termination of the executive’s employment with Wilson Bank and the involuntary termination of the executive by Wilson Bank without cause. The payments are made partially from the frozen Salary Continuation Agreements and partially from the SERP Agreements for 180 months following an executive’s termination of service (in most cases) and a portion of the payments then continue for the remainder of the executive’s life under the SERP Agreements. At December 31, 2013, the value of the Flexible Indexed Annuity Contracts totaled $4,009,000 and the salary deferral compensation liability totaled $364,000. | ||
The Company purchased insurance policies during 2013 to provide death benefits as provided for in the plans. The insurance policies remain the sole property of the Company and are payable to the Company. The cash surrender value of life insurance totaled $5,000,000 and the face amount of the insurance policies in force approximated $12,939,000 at December 31, 2013. |
Stock_Option_Plan
Stock Option Plan | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||||||
Stock Option Plan | ' | ||||||||||||||||||||||||
-19 | Stock Option Plan | ||||||||||||||||||||||||
In April 1999, the stockholders of the Company approved the Wilson Bank Holding Company 1999 Stock Option Plan (the “1999 Stock Option Plan”). The Stock Option Plan provides for the granting of stock options, and authorizes the issuance of common stock upon the exercise of such options, for up to 200,000 shares of common stock, to officers and other key employees of the Company and its subsidiaries. Furthermore, the Company may reserve additional shares for issuance under the 1999 Stock Option Plan as needed in order that the aggregate number of shares that may be issued during the term of the 1999 Stock Option Plan is equal to five percent (5%) of the shares of common stock then issued and outstanding. | |||||||||||||||||||||||||
In April 2009, the Company’s shareholders approved the Wilson Bank Holding Company 2009 Stock Option Plan (the “2009 Stock Option Plan”). The 2009 Stock Option Plan is effective as of April 14, 2009 and replaces the 1999 Stock Option Plan which expired on April 13, 2009. Under the 2009 Stock Option Plan, awards may be in the form of options to acquire common stock of the Company. Subject to adjustment as provided by the terms of the 2009 Stock Option Plan, the maximum number of shares of common stock with respect to which awards may be granted under the 2009 Stock Option Plan is 75,000 shares. As of December 31, 2013, the Company has granted 35,250 options to employees pursuant to the 2009 Stock Option Plan. | |||||||||||||||||||||||||
Under the 2009 Stock Option Plan, stock option awards may be granted in the form of incentive stock options or nonstatutory stock options and are generally exercisable for up to ten years following the date such option awards are granted. Exercise prices of incentive stock options must be equal to or greater than 100% of the fair market value of the common stock on the grant date. | |||||||||||||||||||||||||
The fair value of each grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions used for grants in 2013, 2012 and 2011: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Expected dividends | 1.12 | % | 1.08 | % | 1.12 | % | |||||||||||||||||||
Expected term (in years) | 9.56 | 6.09 | 7.75 | ||||||||||||||||||||||
Expected volatility | 25 | % | 27 | % | 25 | % | |||||||||||||||||||
Risk-free rate | 2.04 | % | 1.27 | % | 2.74 | % | |||||||||||||||||||
The expected volatility is based on historical volatility adjusted for consideration of other relevant factors. The risk-free interest rates for periods within the contractual life of the awards are based on the U.S. Treasury yield curve in effect at the time of the grant. The dividend yield assumption is based on the Company’s history and expectation of dividend payouts. | |||||||||||||||||||||||||
A summary of the stock option activity for 2013, 2012 and 2011 is as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||||||||
Average | Average | Average | |||||||||||||||||||||||
Exercise | Exercise | Exercise | |||||||||||||||||||||||
Price | Price | Price | |||||||||||||||||||||||
Outstanding at beginning of year | 48,987 | $ | 34.24 | 52,708 | $ | 31.24 | 53,892 | $ | 29.46 | ||||||||||||||||
Granted | 5,500 | 44.16 | 6,000 | 42.06 | 4,500 | 39.88 | |||||||||||||||||||
Exercised | (5,973 | ) | 26 | (8,788 | ) | 21.5 | (5,284 | ) | 20.76 | ||||||||||||||||
Forfeited or expired | (860 | ) | 33.07 | (933 | ) | 34.85 | (400 | ) | 23.63 | ||||||||||||||||
Outstanding at end of year | 47,654 | $ | 36.43 | 48,987 | $ | 34.24 | 52,708 | $ | 31.24 | ||||||||||||||||
Options exercisable at year end | 12,009 | $ | 32.35 | 11,453 | $ | 29.69 | 13,227 | $ | 25 | ||||||||||||||||
The following table summarizes information about stock options outstanding at December 31, 2013: | |||||||||||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||||||||||
Range of Exercise Prices | Number | Weighted | Weighted | Number | Weighted | Weighted | |||||||||||||||||||
Outstanding | Average | Average | Exercisable | Average | Average | ||||||||||||||||||||
at 12/31/13 | Exercise | Remaining | at 12/31/13 | Exercise | Remaining | ||||||||||||||||||||
Price | Contractual | Price | Contractual | ||||||||||||||||||||||
Term | Term | ||||||||||||||||||||||||
$ 17.20 - $ 25.79 | 3,682 | $ | 23.27 | .9 years | 2,075 | $ | 23.44 | .9 years | |||||||||||||||||
$ 25.80 - $ 38.70 | 29,122 | $ | 35.09 | 4.9 years | 8,984 | $ | 33.5 | 4.3 years | |||||||||||||||||
$ 38.71 - $ 45.75 | 14,850 | $ | 42.32 | 8.4 years | 950 | $ | 40.88 | 7.6 years | |||||||||||||||||
47,654 | 12,009 | ||||||||||||||||||||||||
Aggregate intrinsic value (in thousands) | $ | 444 | $ | 161 | |||||||||||||||||||||
The weighted average fair value at the grant date of options granted during the years 2013, 2012 and 2011 was $13.03, $10.47 and $11.53, respectively. The total intrinsic value of options exercised during the years 2013, 2012 and 2011 was $109,000, $182,000 and $108,000, respectively. | |||||||||||||||||||||||||
As of December 31, 2013, there was $245,000 of total unrecognized cost related to non-vested share-based compensation arrangements granted under the Company’s stock option plans. The cost is expected to be recognized over a weighted-average period of 7.1 years. |
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share | ' | ||||||||||||
-20 | Earnings Per Share | ||||||||||||
The following is a summary of the components comprising basic and diluted earnings per share (“EPS”): | |||||||||||||
In Thousands (except share data) | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Basic EPS Computation: | |||||||||||||
Numerator - Earnings available to common stockholders | $ | 15,869 | 12,148 | 10,050 | |||||||||
Denominator - Weighted average number of common shares outstanding | 7,472,373 | 7,360,485 | 7,280,907 | ||||||||||
Basic earnings per common share | $ | 2.12 | 1.65 | 1.38 | |||||||||
Diluted EPS Computation: | |||||||||||||
Numerator - Earnings available to common stockholders | $ | 15,869 | $ | 12,148 | 10,050 | ||||||||
Denominator: | |||||||||||||
Weighted average number of common shares outstanding | 7,472,373 | 7,360,485 | 7,280,907 | ||||||||||
Dilutive effect of stock options | 4,798 | 5,163 | 7,215 | ||||||||||
7,477,171 | 7,365,648 | 7,288,122 | |||||||||||
Diluted earnings per common share | $ | 2.12 | 1.65 | 1.38 | |||||||||
Disclosures_About_Fair_Value_o
Disclosures About Fair Value of Financial Instruments | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Disclosures About Fair Value of Financial Instruments | ' | ||||||||||||||||||||
-21 | Disclosures About Fair Value of Financial Instruments | ||||||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||
FASB ASC 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value in U.S. GAAP and expands disclosures about fair value measurements. The definition of fair value focuses on the exit price, i.e., the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, not the entry price, i.e., the price that would be paid to acquire the asset or received to assume the liability at the measurement date. The statement emphasizes that fair value is a market-based measurement; not an entity-specific measurement. Therefore, the fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. | |||||||||||||||||||||
Valuation Hierarchy | |||||||||||||||||||||
FASB ASC 820 establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: | |||||||||||||||||||||
• | Level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. | ||||||||||||||||||||
• | Level 2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. | ||||||||||||||||||||
• | Level 3 - inputs to the valuation methodology that are unobservable and significant to the fair value measurement. | ||||||||||||||||||||
A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Following is a description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such assets and liabilities pursuant to the valuation hierarchy. | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Securities available-for-sale - Where quoted prices are available for identical securities in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include highly liquid government securities and certain other financial products. If quoted market prices are not available, then fair values are estimated by using pricing models that use observable inputs or quoted prices of securities with similar characteristics and are classified within Level 2 of the valuation hierarchy. In certain cases where there is limited activity or less transparency around inputs to the valuation and more complex pricing models or discounted cash flows are used, securities are classified within Level 3 of the valuation hierarchy. | |||||||||||||||||||||
Impaired loans - A loan is considered to be impaired when it is probable the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement. Impaired loans are measured based on the present value of expected payments using the loan’s original effective rate as the discount rate, the loan’s observable market price, or the fair value of the collateral less selling costs if the loan is collateral dependent. If the recorded investment in the impaired loan exceeds the measure of fair value, a valuation allowance may be established as a component of the allowance for loan losses or the expense is recognized as a charge-off. Impaired loans are classified within Level 3 of the hierarchy due to the unobservable inputs used in determining their fair value such as collateral values and the borrower’s underlying financial condition. | |||||||||||||||||||||
Other real estate owned - Other real estate owned (“OREO”) represents real estate foreclosed upon by the Company through loan defaults by customers or acquired in lieu of foreclosure. Substantially all of these amounts relate to lots, homes and development projects that are either completed or are in various stages of construction for which the Company believes it has adequate collateral. Upon foreclosure, the property is recorded at the lower of cost or fair value, based on appraised value, less selling costs estimated as of the date acquired with any loss recognized as a charge-off through the allowance for loan losses. Additional OREO losses for subsequent valuation downward adjustments are determined on a specific property basis and are included as a component of noninterest expense along with holding costs. Any gains or losses realized at the time of disposal are also reflected in noninterest expense, as applicable. OREO is included in Level 3 of the valuation hierarchy due to the lack of observable market inputs into the determination of fair value. Appraisal values are property-specific and sensitive to the changes in the overall economic environment. | |||||||||||||||||||||
Other assets - Included in other assets are certain assets carried at fair value, including the cash surrender value of bank owned life insurance policies and annuity contracts. The Company uses financial information received from insurance carriers indicating the performance of the insurance policies and cash surrender values in determining the carrying value of life insurance. The Company reflects these assets within Level 3 of the valuation hierarchy due to the unobservable inputs included in the valuation of these items. The Company does not consider the fair values of these policies to be materially sensitive to changes in these unobservable inputs. | |||||||||||||||||||||
The following tables present the financial instruments carried at fair value as of December 31, 2013 and December 31, 2012, by caption on the consolidated balance sheet and by FASB ASC 820 valuation hierarchy (as described above) (in thousands): | |||||||||||||||||||||
Measured on a Recurring Basis | |||||||||||||||||||||
Total Carrying | Quoted Market | Models with | Models with | ||||||||||||||||||
Value in the | Prices in an | Significant | Significant | ||||||||||||||||||
Consolidated | Active Market | Observable | Unobservable | ||||||||||||||||||
Balance | (Level 1) | Market | Market | ||||||||||||||||||
Sheet | Parameters | Parameters | |||||||||||||||||||
(Level 2) | (Level 3) | ||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||||||
U.S. Government sponsored enterprises and agency-backed | $ | 140,818 | — | 140,818 | — | ||||||||||||||||
Mortgage-backed securities | 175,182 | — | 175,182 | — | |||||||||||||||||
State and municipal securities | 13,373 | — | 13,373 | — | |||||||||||||||||
Total investment securities available-for-sale | 329,373 | — | 329,373 | — | |||||||||||||||||
Other assets | 11,390 | — | — | 11,390 | |||||||||||||||||
Total assets at fair value | $ | 340,763 | — | 329,373 | 11,390 | ||||||||||||||||
Measured on a Recurring Basis | |||||||||||||||||||||
Total Carrying | Quoted Market | Models with | Models with | ||||||||||||||||||
Value in the | Prices in an | Significant | Significant | ||||||||||||||||||
Consolidated | Active Market | Observable | Unobservable | ||||||||||||||||||
Balance | (Level 1) | Market | Market | ||||||||||||||||||
Sheet | Parameters | Parameters | |||||||||||||||||||
(Level 2) | (Level 3) | ||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||||||
U.S. Government sponsored enterprises | $ | 122,698 | — | 122,698 | — | ||||||||||||||||
Mortgage-backed securities | 181,128 | — | 181,128 | — | |||||||||||||||||
State and municipal securities | 13,452 | — | 13,452 | — | |||||||||||||||||
Total investment securities available-for-sale | 317,278 | — | 317,278 | — | |||||||||||||||||
Other assets | 6,315 | — | — | 6,315 | |||||||||||||||||
Total assets at fair value | $ | 323,593 | — | 317,278 | 6,315 | ||||||||||||||||
Measured on a Non-Recurring Basis | |||||||||||||||||||||
Total Carrying | Quoted Market | Models with | Models with | ||||||||||||||||||
Value in the | Prices in an | Significant | Significant | ||||||||||||||||||
Consolidated | Active Market | Observable | Unobservable | ||||||||||||||||||
Balance | (Level 1) | Market | Market | ||||||||||||||||||
Sheet | Parameters | Parameters | |||||||||||||||||||
(Level 2) | (Level 3) | ||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Other real estate owned | $ | 12,869 | — | — | 12,869 | ||||||||||||||||
Impaired loans, net (¹) | 22,380 | — | — | 22,380 | |||||||||||||||||
Total | $ | 35,249 | — | — | 35,249 | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Other real estate owned | $ | 15,307 | — | — | 15,307 | ||||||||||||||||
Impaired loans, net (¹) | 34,125 | — | — | 34,125 | |||||||||||||||||
Total | $ | 49,432 | — | — | 49,432 | ||||||||||||||||
(¹) | Amount is net of a valuation allowance of $4.5 million at December 31, 2013 and $6.9 million at December 31, 2012 as required by ASC 310-10, “Receivables.” | ||||||||||||||||||||
In the case of the bond portfolio, the Company monitors the valuation technique utilized by various pricing agencies to ascertain when transfers between levels have been affected. The nature of the remaining assets and liabilities is such that transfers in and out of any level are expected to be rare. For the twelve months ended December 31, 2013, there were no transfers between Levels 1, 2 or 3. | |||||||||||||||||||||
The table below includes a rollforward of the balance sheet amounts for the year ended December 31, 2013 (including the change in fair value) for financial instruments classified by the Company within Level 3 of the valuation hierarchy for assets and liabilities measured at fair value on a recurring basis. When a determination is made to classify a financial instrument within Level 3 of the valuation hierarchy, the determination is based upon the significance of the unobservable factors to the overall fair value measurement. However, since Level 3 financial instruments typically include, in addition to the unobservable or Level 3 components, observable components (that is, components that are actively quoted and can be validated to external sources), the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology (in thousands): | |||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Other | Other | Other | Other | ||||||||||||||||||
Assets | Liabilities | Assets | Liabilities | ||||||||||||||||||
Fair value, January 1 | $ | 6,315 | — | $ | 2,001 | — | |||||||||||||||
Total realized gains included in income | 75 | — | 242 | — | |||||||||||||||||
Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at December 31 | — | — | — | — | |||||||||||||||||
Purchases, issuances and settlements, net | 5,000 | — | 4,072 | — | |||||||||||||||||
Transfers out of Level 3 | — | — | — | — | |||||||||||||||||
Fair value, December 31 | $ | 11,390 | — | $ | 6,315 | — | |||||||||||||||
Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet at December 31 | $ | — | — | $ | — | — | |||||||||||||||
The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments that are not measured at fair value. In cases where quoted market prices are not available, fair values are based on estimates using discounted cash flow models. Those models are significantly affected by the assumptions used, including the discount rates, estimates of future cash flows and borrower creditworthiness. The fair value estimates presented herein are based on pertinent information available to management as of December 31, 2013 and December 31, 2012. Such amounts have not been revalued for purposes of these consolidated financial statements since those dates and, therefore, current estimates of fair value may differ significantly from the amounts presented herein. | |||||||||||||||||||||
Held-to-maturity securities - Estimated fair values for investment securities are based on quoted market prices where available. If quoted market prices are not available, then fair values are estimated by using pricing models that use observable inputs or quoted prices of securities with similar characteristics. | |||||||||||||||||||||
Loans - The fair value of our loan portfolio includes a credit risk factor in the determination of the fair value of our loans. This credit risk assumption is intended to approximate the fair value that a market participant would realize in a hypothetical orderly transaction. Our loan portfolio is initially fair valued using a segmented approach. We divide our loan portfolio into the following categories: variable rate loans, impaired loans and all other loans. The results are then adjusted to account for credit risk. | |||||||||||||||||||||
For variable-rate loans that reprice frequently and have no significant change in credit risk, fair values approximate carrying values. Fair values for impaired loans are estimated using discounted cash flow models or based on the fair value of the underlying collateral. For other loans, fair values are estimated using discounted cash flow models, using current market interest rates offered for loans with similar terms to borrowers of similar credit quality. The values derived from the discounted cash flow approach for each of the above portfolios are then further discounted to incorporate credit risk to determine the exit price. | |||||||||||||||||||||
Mortgage loans held-for-sale - Mortgage loans held-for-sale are carried at the lower of cost or fair value. The estimate of fair value is equal to the carrying value of these loans as they are usually sold within a few weeks of their origination. | |||||||||||||||||||||
Deposits and Securities sold under agreements to repurchase - The carrying amounts of demand deposits, savings deposits and securities sold under agreements to repurchase, approximate their fair values. Fair values for certificates of deposit are estimated using discounted cash flow models, using current market interest rates offered on certificates with similar remaining maturities. | |||||||||||||||||||||
Off-Balance Sheet Instruments - The fair values of the Company’s off-balance-sheet financial instruments are based on fees charged to enter into similar agreements. However, commitments to extend credit do not represent a significant value to the Company until such commitments are funded. | |||||||||||||||||||||
The following table presents the carrying amounts, estimated fair value and placement in the fair value hierarchy of the Company’s financial instruments at December 31, 2013 and December 31, 2012. This table excludes financial instruments for which the carrying amount approximates fair value. For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as noninterest bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity. | |||||||||||||||||||||
(in Thousands) | Carrying/ | Estimated | Quoted | Models with | Models with | ||||||||||||||||
Notional | Fair Value (¹) | Market | Significant | Significant | |||||||||||||||||
Amount | Prices in | Observable | Unobservable | ||||||||||||||||||
an Active | Market | Market | |||||||||||||||||||
Market | Parameters | Parameters | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Securities held-to-maturity | $ | 26,823 | 26,561 | — | 26,561 | — | |||||||||||||||
Loans, net | 1,184,267 | 1,185,271 | — | — | 1,185,271 | ||||||||||||||||
Mortgage loans held-for-sale | 7,022 | 7,022 | — | — | 7,022 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits and securities sold under agreements to repurchase | 1,563,333 | 1,554,839 | — | — | 1,554,839 | ||||||||||||||||
Off-balance sheet instruments: | |||||||||||||||||||||
Commitments to extend credit | — | — | — | — | — | ||||||||||||||||
Standby letters of credit | — | — | — | — | — | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Securities held-to-maturity | $ | 15,508 | 16,317 | — | 16,317 | — | |||||||||||||||
Loans, net | 1,142,111 | 1,166,664 | — | — | 1,166,664 | ||||||||||||||||
Mortgage loans held-for-sale | 15,648 | 15,648 | — | — | 15,648 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits and securities sold under agreements to repurchase | 1,504,506 | 1,506,186 | — | — | 1,506,186 | ||||||||||||||||
Off-balance sheet instruments: | |||||||||||||||||||||
Commitments to extend credit | — | — | — | — | — | ||||||||||||||||
Standby letters of credit | — | — | — | — | — | ||||||||||||||||
(¹) | Estimated fair values are consistent with an exit-price concept. The assumptions used to estimate the fair values are intended to approximate those that a market-participant would realize in a hypothetical orderly transaction. |
Wilson_Bank_Holding_Company_Pa
Wilson Bank Holding Company - Parent Company Financial Information | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||||||||||
Wilson Bank Holding Company - Parent Company Financial Information | ' | ||||||||||||||||||||
-22 | Wilson Bank Holding Company - | ||||||||||||||||||||
Parent Company Financial Information | |||||||||||||||||||||
WILSON BANK HOLDING COMPANY | |||||||||||||||||||||
(Parent Company Only) | |||||||||||||||||||||
Balance Sheets | |||||||||||||||||||||
December 31, 2013 and 2012 | |||||||||||||||||||||
Dollars In Thousands | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Cash | $ | 2,662 | * | 1,337 | * | ||||||||||||||||
Investment in wholly-owned commercial bank subsidiary | 174,836 | 168,188 | |||||||||||||||||||
Refundable income taxes | 173 | 173 | |||||||||||||||||||
Total assets | $ | 177,671 | 169,698 | ||||||||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Stockholders’ equity: | |||||||||||||||||||||
Common stock, par value $2.00 per share, authorized 15,000,000 shares, 7,498,588 and 7,419,204 shares issued and outstanding, respectively | $ | 14,997 | 14,838 | ||||||||||||||||||
Additional paid-in capital | 54,519 | 51,242 | |||||||||||||||||||
Retained earnings | 112,451 | 101,046 | |||||||||||||||||||
Net unrealized gains (losses) on available-for-sale securities, net of income taxes of $2,666 and $1,595, respectively | (4,296 | ) | 2,572 | ||||||||||||||||||
Total stockholders’ equity | 177,671 | 169,698 | |||||||||||||||||||
Total liabilities and stockholders’ equity | $ | 177,671 | 169,698 | ||||||||||||||||||
* | Eliminated in consolidation. | ||||||||||||||||||||
WILSON BANK HOLDING COMPANY | |||||||||||||||||||||
(Parent Company Only) | |||||||||||||||||||||
Statements of Earnings and Comprehensive Earnings | |||||||||||||||||||||
Three Years Ended December 31, 2013 | |||||||||||||||||||||
Dollars In Thousands | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Expenses: | |||||||||||||||||||||
Directors’ fees | $ | 337 | 319 | 346 | |||||||||||||||||
Other | 83 | 88 | 64 | ||||||||||||||||||
Loss before Federal income tax benefits and equity in undistributed earnings of commercial bank subsidiaries | (420 | ) | (407 | ) | (410 | ) | |||||||||||||||
Federal income tax benefits | 173 | 173 | 170 | ||||||||||||||||||
(247 | ) | (234 | ) | (240 | ) | ||||||||||||||||
Equity in undistributed earnings of commercial bank subsidiary | 16,116 | * | 12,382 | * | 10,290 | * | |||||||||||||||
Net earnings | 15,869 | 12,148 | 10,050 | ||||||||||||||||||
Other comprehensive earnings (losses), net of tax: | |||||||||||||||||||||
Net unrealized gains (losses) on available-for-sale-securities arising during period, net of taxes of $4,231, $1,158 and $2,685, respectively | (6,820 | ) | 1,867 | 4,330 | |||||||||||||||||
Reclassification adjustments for net gains included in net earnings, net of taxes of $30, $100 and $73, respectively | (48 | ) | (160 | ) | (119 | ) | |||||||||||||||
Other comprehensive earnings (losses) | (6,868 | ) | 1,707 | 4,211 | |||||||||||||||||
Comprehensive earnings | $ | 9,001 | 13,855 | 14,261 | |||||||||||||||||
* | Eliminated in consolidation. | ||||||||||||||||||||
WILSON BANK HOLDING COMPANY | |||||||||||||||||||||
(Parent Company Only) | |||||||||||||||||||||
Statements of Changes in Stockholders’ Equity | |||||||||||||||||||||
Three Years Ended December 31, 2013 | |||||||||||||||||||||
Dollars In Thousands | |||||||||||||||||||||
Common | Additional | Retained | Net Unrealized | Total | |||||||||||||||||
Stock | Paid-In | Earnings | Gain (Loss) On | ||||||||||||||||||
Capital | Available-For- | ||||||||||||||||||||
Sale Securities | |||||||||||||||||||||
Balance December 31, 2010 | $ | 14,450 | 43,790 | 89,439 | (3,346 | ) | 144,333 | ||||||||||||||
Cash dividends declared, $.60 per share | — | — | (4,348 | ) | — | (4,348 | ) | ||||||||||||||
Issuance of 79,962 shares of stock pursuant to dividend reinvestment plan | 160 | 3,058 | — | — | 3,218 | ||||||||||||||||
6,148 common shares repurchased | (13 | ) | (237 | ) | — | — | (250 | ) | |||||||||||||
Issuance of 5,284 shares of stock pursuant to exercise of stock options | 11 | 99 | — | — | 110 | ||||||||||||||||
Share based compensation expense | — | 24 | — | — | 24 | ||||||||||||||||
Net change in unrealized gain on available-for-sale securities during the year, net of taxes of $2,612 | — | — | — | 4,211 | 4,211 | ||||||||||||||||
Net earnings for the year | — | — | 10,050 | — | 10,050 | ||||||||||||||||
Balance December 31, 2011 | 14,608 | 46,734 | 95,141 | 865 | 157,348 | ||||||||||||||||
Cash dividends declared, $.85 per share | — | — | (6,243 | ) | — | (6,243 | ) | ||||||||||||||
Issuance of 106,230 shares of stock pursuant to dividend reinvestment plan | 212 | 4,306 | — | — | 4,518 | ||||||||||||||||
Issuance of 8,788 shares of stock pursuant to exercise of stock options | 18 | 171 | — | — | 189 | ||||||||||||||||
Share based compensation expense | — | 31 | — | — | 31 | ||||||||||||||||
Net change in unrealized gain on available-for-sale securities during the year, net of taxes of $1,058 | — | — | — | 1,707 | 1,707 | ||||||||||||||||
Net earnings for the year | — | — | 12,148 | — | 12,148 | ||||||||||||||||
Balance December 31, 2012 | 14,838 | 51,242 | 101,046 | 2,572 | 169,698 | ||||||||||||||||
Cash dividends declared, $.60 per share | — | — | (4,464 | ) | — | (4,464 | ) | ||||||||||||||
Issuance of 73,411 shares of stock pursuant to dividend reinvestment plan | 147 | 3,101 | — | — | 3,248 | ||||||||||||||||
Issuance of 5,973 shares of stock pursuant to exercise of stock options | 12 | 144 | — | — | 156 | ||||||||||||||||
Share based compensation expense | — | 32 | — | — | 32 | ||||||||||||||||
Net change in unrealized loss on available-for-sale securities during the year, net of taxes of $4,261 | — | — | — | (6,868 | ) | (6,868 | ) | ||||||||||||||
Net earnings for the year | — | — | 15,869 | — | 15,869 | ||||||||||||||||
Balance December 31, 2013 | $ | 14,997 | 54,519 | 112,451 | (4,296 | ) | 177,671 | ||||||||||||||
WILSON BANK HOLDING COMPANY | |||||||||||||||||||||
(Parent Company Only) | |||||||||||||||||||||
Statements of Cash Flows | |||||||||||||||||||||
Three Years Ended December 31, 2013 | |||||||||||||||||||||
Increase (Decrease) in Cash and Cash Equivalents | |||||||||||||||||||||
Dollars In Thousands | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Cash flows from operating activities: | |||||||||||||||||||||
Cash paid to suppliers and other | $ | (388 | ) | (376 | ) | (386 | ) | ||||||||||||||
Tax benefits received | 173 | 170 | 164 | ||||||||||||||||||
Net cash used in operating activities | (215 | ) | (206 | ) | (222 | ) | |||||||||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Dividends received from commercial bank subsidiary | 2,600 | 1,500 | — | ||||||||||||||||||
Net cash provided by investing activities | 2,600 | 1,500 | — | ||||||||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Dividends paid | (4,464 | ) | (6,243 | ) | (4,348 | ) | |||||||||||||||
Proceeds from sale of stock pursuant to dividend reinvestment | 3,248 | 4,518 | 3,218 | ||||||||||||||||||
Proceeds from exercise of stock options | 156 | 189 | 110 | ||||||||||||||||||
Common shares repurchased | — | — | (249 | ) | |||||||||||||||||
Net cash used in financing activities | (1,060 | ) | (1,536 | ) | (1,269 | ) | |||||||||||||||
Net increase (decrease) in cash and cash equivalents | 1,325 | (242 | ) | (1,491 | ) | ||||||||||||||||
Cash and cash equivalents at beginning of year | 1,337 | 1,579 | 3,070 | ||||||||||||||||||
Cash and cash equivalents at end of year | $ | 2,662 | 1,337 | 1,579 | |||||||||||||||||
WILSON BANK HOLDING COMPANY | |||||||||||||||||||||
(Parent Company Only) | |||||||||||||||||||||
Statements of Cash Flows, Continued | |||||||||||||||||||||
Three Years Ended December 31, 2013 | |||||||||||||||||||||
Increase (Decrease) in Cash and Cash Equivalents | |||||||||||||||||||||
Dollars In Thousands | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Reconciliation of net earnings to net cash used in operating activities: | |||||||||||||||||||||
Net earnings | $ | 15,869 | 12,148 | 10,050 | |||||||||||||||||
Adjustments to reconcile net earnings to net cash used in operating activities: | |||||||||||||||||||||
Equity in earnings of commercial bank subsidiary | (16,116 | ) | (12,382 | ) | (10,290 | ) | |||||||||||||||
Decrease in refundable income taxes | — | (3 | ) | (6 | ) | ||||||||||||||||
Share based compensation expense | 32 | 31 | 24 | ||||||||||||||||||
Total adjustments | (16,084 | ) | (12,354 | ) | (10,272 | ) | |||||||||||||||
Net cash used in operating activities | $ | (215 | ) | (206 | ) | (222 | ) | ||||||||||||||
Quarterly_Financial_Data
Quarterly Financial Data | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly Financial Data | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
-23 | Quarterly Financial Data (Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||
Selected quarterly results of operations for the four quarters ended December 31 are as follows: | |||||||||||||||||||||||||||||||||||||||||||||||||
(In Thousands, except per share data) | |||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||||||||||||
Fourth | Third | Second | First | Fourth | Third | Second | First | Fourth | Third | Second | First | ||||||||||||||||||||||||||||||||||||||
Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | ||||||||||||||||||||||||||||||||||||||
Interest income | $ | 18,315 | 17,930 | 17,749 | 17,820 | 18,263 | 18,027 | 18,166 | 17,905 | 17,959 | 18,295 | 18,181 | 17,915 | ||||||||||||||||||||||||||||||||||||
Net interest income | 15,704 | 15,263 | 15,001 | 14,967 | 15,079 | 14,628 | 14,590 | 13,957 | 13,639 | 13,880 | 13,725 | 13,216 | |||||||||||||||||||||||||||||||||||||
Provision for loan losses | 15 | 738 | 755 | 669 | 2,655 | 2,407 | 2,210 | 2,256 | 1,629 | 2,462 | 2,618 | 1,969 | |||||||||||||||||||||||||||||||||||||
Earnings before income taxes | 6,514 | 7,115 | 6,684 | 4,862 | 4,267 | 5,643 | 5,122 | 4,631 | 3,917 | 4,365 | 4,283 | 4,030 | |||||||||||||||||||||||||||||||||||||
Net earnings | 4,163 | 4,481 | 4,247 | 2,978 | 2,715 | 3,459 | 3,149 | 2,825 | 2,296 | 2,663 | 2,615 | 2,476 | |||||||||||||||||||||||||||||||||||||
Basic earnings per common share | 0.56 | 0.6 | 0.57 | 0.4 | 0.37 | 0.47 | 0.43 | 0.39 | 0.31 | 0.37 | 0.36 | 0.34 | |||||||||||||||||||||||||||||||||||||
Diluted earnings per common share | 0.55 | 0.6 | 0.57 | 0.4 | 0.37 | 0.47 | 0.43 | 0.39 | 0.31 | 0.36 | 0.36 | 0.34 |
Subsequent_Events
Subsequent Events | 12 Months Ended | |
Dec. 31, 2013 | ||
Subsequent Events [Abstract] | ' | |
Subsequent Events | ' | |
-24 | Subsequent Events | |
ASC Topic 855, Subsequent Events, as amended by ASU No. 2010-90, establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued. The Company evaluated all events or transactions that occurred after December 31, 2013, through the date of the issued financial statements. During this period there were no material recognizable subsequent events that required recognition in our disclosures to the December 31, 2013 financial statements. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Accounting Policies [Abstract] | ' | ||
Principles of Consolidation | ' | ||
(a) | Principles of Consolidation | ||
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary Wilson Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. | |||
Nature of Operations | ' | ||
(b) | Nature of Operations | ||
Wilson Bank operates under a state bank charter and provides full banking services. As a state bank, Wilson Bank is subject to regulations of the Tennessee Department of Financial Institutions and the Federal Deposit Insurance Corporation (“FDIC”). The areas served by Wilson Bank include Wilson County, DeKalb County, Rutherford County, Smith County, Trousdale County, Sumner County, and eastern Davidson County, Tennessee and surrounding counties in Middle Tennessee. Services are provided at the main office and twenty-four branch locations. | |||
Estimates | ' | ||
(c) | Estimates | ||
In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”), management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of deferred tax assets, other-than-temporary impairments of securities, and the fair value of financial instruments. | |||
Significant Group Concentrations of Credit Risk | ' | ||
(d) | Significant Group Concentrations of Credit Risk | ||
Most of the Company’s activities are with customers located within Middle Tennessee. The types of securities in which the Company invests are included in note 3. The types of lending in which the Company engages are included in note 2. The Company does not have any significant concentrations to any one industry or customer other than as disclosed in note 2. | |||
Residential 1-4 family, commercial real estate and construction mortgage loans, represented 28%, 44% and 16% and 29%, 40% and 16% of the loan portfolio at December 31, 2013 and 2012, respectively | |||
Loans | ' | ||
(e) | Loans | ||
The Company grants mortgage, commercial and consumer loans to customers. A substantial portion of the loan portfolio is represented by mortgage loans throughout Middle Tennessee. The ability of the Company’s debtors to honor their contracts is dependent upon the real estate and general economic conditions in this area. | |||
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for unearned income, the allowance for loan losses, and any unamortized deferred fees or costs on originated loans, and premiums or discounts on purchased loans. | |||
Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized on a straight line basis over the respective term of the loan. | |||
As part of our routine credit monitoring process, the Company performs regular credit reviews of the loan portfolio and loans receive risk ratings by the assigned credit officer, which are subject to validation by our independent loan review department. Risk ratings are categorized as pass, special mention, substandard or doubtful. The Company believes that our categories follow those outlined by our primary regulator. | |||
Generally the accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Credit card loans and other personal loans are typically charged off no later than when they become 180 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. | |||
All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||
Allowance for Loan Losses | ' | ||
(f) | Allowance for Loan Losses | ||
Management provides for loan losses by establishing an allowance. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. | |||
The allowance for loan losses is evaluated on a monthly basis by management and is based upon management’s monthly review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. | |||
In assessing the adequacy of the allowance, we also consider the results of our ongoing independent loan review process. We undertake this process both to ascertain whether there are loans in the portfolio whose credit quality has weakened over time and to assist in our overall evaluation of the risk characteristics of the entire loan portfolio. Our loan review process includes the judgment of management, independent loan reviewers, and reviews that may have been conducted by third-party reviewers. We incorporate relevant loan review results in the loan impairment determination. In addition, regulatory agencies, as an integral part of their examination process, will periodically review the Company’s allowance for loan losses and may require the Company to record adjustments to the allowance based on their judgment about information available to them at the time of their examinations. | |||
In addition to the independent loan review process, the aforementioned risk ratings are subject to continual review by the loan officer to determine that the appropriate risk ratings are being utilized in our allowance for loan loss process. Each risk rating is also subject to review by our independent loan review department. Currently, our independent loan review department targets reviews of 100% of existing loan relationships with aggregate debt of $1.0 million and greater and new loans with aggregate debt of $500,000 and greater. In addition, loan review targets portfolio segments, loans assigned to a particular lending officer, and loans with four or more renewals. | |||
The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are individually classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and other adjustments based on management’s assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. | |||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial, mortgage and agricultural loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. | |||
Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer loans for impairment disclosures, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. | |||
Debt and Equity Securities | ' | ||
(g) | Debt and Equity Securities | ||
Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Securities not classified as held to maturity or trading, including equity securities with readily determinable fair values, are classified as “available for sale” and recorded at fair value based on available market prices, with unrealized gains and losses excluded from earnings and reported in other comprehensive income on an after-tax basis. Securities classified as “available for sale” are held for indefinite periods of time and may be sold in response to movements in market interest rates, changes in the maturity or mix of Company assets and liabilities or demand for liquidity. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. | |||
Other-than-temporary Impairment - Impaired securities are assessed quarterly for the presence of other-than-temporary impairment (“OTTI”). A decline in the fair value of any available-for-sale or held-to-maturity security below cost that is deemed to be other-than-temporary results in a reduction in the carrying amount of the security. To determine whether OTTI has occurred, management considers whether the entity expects to recover the entire amortized cost basis of the security by reviewing the present value of the future cash flows associated with the security. The shortfall of the present value of the cash flows expected to be collected in relation to the amortized cost basis is referred to as a credit loss and is deemed to be OTTI. If a credit loss is identified, the credit loss is recognized as a charge to earnings and a new cost basis for the security is established. If management concludes that no credit loss exists and it is not “more-likely-than-not” that it will be required to sell the security before maturity, then the security is not deemed OTTI and the shortfall is recorded as a component of equity. | |||
No securities have been classified as trading securities. | |||
Federal Home Loan Bank Stock | ' | ||
(h) | Federal Home Loan Bank Stock | ||
The Company, as a member of the Federal Home Loan Bank (“FHLB”) Cincinnati system, is required to maintain an investment in capital stock of the FHLB. Based on redemption provisions of the FHLB, the stock has no quoted market value and is carried at par value, which approximates its fair value. Management reviews for impairment based on the ultimate recoverability of the cost basis in the FHLB stock. As of December 31, 2013, the minimum required investment was approximately $2,495,000. Stock redemptions are at the discretion of the FHLB. | |||
Loans Held for Sale | ' | ||
(i) | Loans Held for Sale | ||
Loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value. For loans carried at lower of cost or fair value, gains and losses on loans sales (sales proceeds minus carrying value) are recorded in non-interest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in non-interest income upon sale of the loan. | |||
Premises and Equipment | ' | ||
(j) | Premises and Equipment | ||
Premises and equipment are stated at cost. Depreciation is computed primarily by the straight-line method over the estimated useful lives of the related assets. Gains or losses realized on items retired and otherwise disposed of is credited or charged to operations and cost and related accumulated depreciation are removed from the asset and accumulated depreciation accounts. | |||
Expenditures for major renovations and improvements of premises and equipment are capitalized and those for maintenance and repairs are charged to earnings as incurred. | |||
Other Real Estate | ' | ||
(k) | Other Real Estate | ||
Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less the estimated cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to their acquisition by the Company, valuations of these assets are periodically performed by management, and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance [i.e. any direct write-downs] are included in net expenses from foreclosed assets. | |||
Intangible Assets | ' | ||
(l) | Intangible Assets | ||
The Financial Accounting Standards Board “FASB” Accounting Standards Codification “ASC” 350, Goodwill and Other Intangible Assets requires that management determine the allocation of intangible assets into identifiable groups at the date of acquisition and that appropriate amortization periods be established. Under the provisions of FASB ASC 350, goodwill is not to be amortized; rather, it is to be monitored for impairment and written down to the impairment value at the time impairment occurs. The Company has determined that no impairment loss needs to be recognized related to its goodwill. | |||
Cash and Cash Equivalents | ' | ||
(m) | Cash and Cash Equivalents | ||
For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks and Federal funds sold. Generally, Federal funds sold are purchased and sold for one-day periods. Management makes deposits only with financial institutions it considers to be financially sound. | |||
Long-Term Assets | ' | ||
(n) | Long-Term Assets | ||
Premises and equipment, intangible assets, and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. | |||
Securities Sold Under Agreements to Repurchase | ' | ||
(o) | Securities Sold Under Agreements to Repurchase | ||
Substantially all repurchase agreement liabilities represent amounts advanced by various customers. Securities are pledged to cover these liabilities, which are not covered by Federal deposit insurance. | |||
Income Taxes | ' | ||
(p) | Income Taxes | ||
The Company accounts for Income Taxes in accordance with income tax accounting guidance (FASB ASC 740, Income Taxes). The Company follows accounting guidance related to accounting for uncertainty in income taxes, which sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. | |||
The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. | |||
Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. | |||
The Company recognizes interest and penalties on income taxes as a component of income tax expense. | |||
Stock Options | ' | ||
(q) | Stock Options | ||
Stock compensation accounting guidance (FASB ASC 718, “Compensation - Stock Compensation”) requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock options, restricted share plans, performance-based awards, share appreciation rights, and employee share purchase plans. | |||
The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company uses the Black-Scholes option pricing model to estimate the fair value of stock options. | |||
Advertising Costs | ' | ||
(r) | Advertising Costs | ||
Advertising costs are expensed as incurred by the Company and totaled $2,104,000, $1,230,000 and $1,019,000 for 2013, 2012 and 2011, respectively. | |||
Earnings Per Share | ' | ||
(s) | Earnings Per Share | ||
Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflects additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method. | |||
Fair Value of Financial Instruments | ' | ||
(t) | Fair Value of Financial Instruments | ||
Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in note 21 of the consolidated financial statements. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates. | |||
Reclassifications | ' | ||
(u) | Reclassifications | ||
Certain reclassifications have been made to the 2012 and 2011 figures to conform to the presentation for 2013. | |||
Off-Balance-Sheet Financial Instruments | ' | ||
(v) | Off-Balance-Sheet Financial Instruments | ||
In the ordinary course of business Wilson Bank, has entered into off-balance-sheet financial instruments consisting of commitments to extend credit, commitments under credit card arrangements, commercial letters of credit and standby letters of credit. Such financial instruments are recorded in the financial statements when they are funded or related fees are incurred or received. | |||
Recently Adopted Accounting Pronouncements | ' | ||
(w) | Recently Adopted Accounting Pronouncements | ||
In June 2011, the FASB issued ASU No. 2011-05, Comprehensive Income — Presentation of Comprehensive Income. This ASU eliminates the option to present the components of other comprehensive income as part of the statement of stockholders’ equity. Rather, it gives an entity the choice to present the components of net income and other comprehensive income in either a single continuous statement or two separate but consecutive statements. The components of comprehensive income and timing of reclassification of an item to net income did not change with this update. ASU 2011-05 requires retrospective application and was effective for annual and interim periods beginning after December 15, 2011. The Company adopted this ASU in the first quarter of 2012 and continues to present a separate Consolidated Statement of Comprehensive Earnings following the Consolidated Statements of Earnings. | |||
In September 2011, the FASB issued ASU No. 2011-8, Intangibles — Goodwill and Other, regarding testing goodwill for impairment. The new guidance provides an entity the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If an entity determines that this is the case, it is required to perform the currently prescribed two-step goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment loss to be recognized for that reporting unit (if any). Based on the qualitative assessment, if an entity determines that the fair value of a reporting unit is more than its carrying amount, the two-step goodwill impairment test is not required. The new guidance was adopted by the Company beginning January 1, 2012 and was used in our annual assessment as of December 31, 2013. The results of our qualitative assessment indicated that the fair value of our reporting units was more than its carrying value, and accordingly, the two-step goodwill impairment test was not performed. | |||
In May 2011, the FASB issued ASU No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (Topic 820): Fair Value Measurement (“ASU 2011-04”), to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and International Financial Reporting Standards. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for level 3 fair value measurements. ASU 2011-04 was adopted by the Company in its first quarter of fiscal 2012. | |||
In February 2013, the FASB issued ASU No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” which provides disclosure guidance on amounts reclassified out of Accumulated Other Comprehensive Income by component. The adoption of this ASU did not have any impact on the Company’s financial position or results of operations but has impacted our financial statement disclosure. As shown on the statement of comprehensive earnings for the three years ended December 31, 2013, the Company reclassified approximately $48,000, $160,000 and $119,000 of net gains out of other comprehensive earnings into gain on the sale of investment securities, net of tax. |
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||
Schedule of Details on the Loans of the Company | ' | ||||||||||||||||||||||||||||||||||||||||||||
The classification of loans at December 31, 2013 and 2012 is as follows: | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||
Mortgage loans on real estate: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 332,432 | 341,977 | ||||||||||||||||||||||||||||||||||||||||||
Multifamily | 13,920 | 16,140 | |||||||||||||||||||||||||||||||||||||||||||
Commercial | 526,258 | 469,757 | |||||||||||||||||||||||||||||||||||||||||||
Construction | 194,426 | 190,356 | |||||||||||||||||||||||||||||||||||||||||||
Farmland | 22,771 | 26,319 | |||||||||||||||||||||||||||||||||||||||||||
Second mortgages | 10,511 | 12,477 | |||||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 34,185 | 36,260 | |||||||||||||||||||||||||||||||||||||||||||
Total mortgage loans on real estate | 1,134,503 | 1,093,286 | |||||||||||||||||||||||||||||||||||||||||||
Commercial loans | 29,444 | 30,545 | |||||||||||||||||||||||||||||||||||||||||||
Agriculture loans | 2,099 | 2,238 | |||||||||||||||||||||||||||||||||||||||||||
Consumer installment loans: | |||||||||||||||||||||||||||||||||||||||||||||
Personal | 37,789 | 38,463 | |||||||||||||||||||||||||||||||||||||||||||
Credit cards | 3,329 | 3,250 | |||||||||||||||||||||||||||||||||||||||||||
Total consumer installment loans | 41,118 | 41,713 | |||||||||||||||||||||||||||||||||||||||||||
Other loans | 3,291 | 2,738 | |||||||||||||||||||||||||||||||||||||||||||
1,210,455 | 1,170,520 | ||||||||||||||||||||||||||||||||||||||||||||
Net deferred loan fees | (3,253 | ) | (2,912 | ) | |||||||||||||||||||||||||||||||||||||||||
Total loans | 1,207,202 | 1,167,608 | |||||||||||||||||||||||||||||||||||||||||||
Less: Allowance for loan losses | (22,935 | ) | (25,497 | ) | |||||||||||||||||||||||||||||||||||||||||
Loans, net | $ | 1,184,267 | 1,142,111 | ||||||||||||||||||||||||||||||||||||||||||
Schedule of Loans and Leases Receivable Related Parties | ' | ||||||||||||||||||||||||||||||||||||||||||||
An analysis of the activity with respect to such loans to related parties is as follows: | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||
Balance, January 1 | $ | 9,309 | 9,872 | ||||||||||||||||||||||||||||||||||||||||||
New loans and renewals during the year | 9,984 | 5,735 | |||||||||||||||||||||||||||||||||||||||||||
Repayments (including loans paid by renewal) during the year | (8,472 | ) | (6,298 | ) | |||||||||||||||||||||||||||||||||||||||||
Balance, December 31 | $ | 10,821 | 9,309 | ||||||||||||||||||||||||||||||||||||||||||
Company's Impaired Loans | ' | ||||||||||||||||||||||||||||||||||||||||||||
The following tables, present the Company’s impaired loans at December 31, 2013 and 2012: | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average | Interest | |||||||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 357 | 404 | — | 2,947 | 16 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 7,234 | 7,199 | — | 3,750 | 260 | ||||||||||||||||||||||||||||||||||||||||
Construction | 1,393 | 1,393 | — | 2,265 | 11 | ||||||||||||||||||||||||||||||||||||||||
Farmland | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 606 | 606 | — | 665 | — | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | 52 | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 9,590 | 9,602 | — | 9,679 | 287 | ||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average | Interest | |||||||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
With allowance recorded: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 3,972 | 4,186 | 1,150 | 5,107 | 187 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 10,589 | 12,226 | 2,300 | 11,834 | 264 | ||||||||||||||||||||||||||||||||||||||||
Construction | 2,413 | 2,413 | 950 | 5,859 | — | ||||||||||||||||||||||||||||||||||||||||
Farmland | 131 | 131 | 57 | 1,818 | 8 | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 156 | 155 | 49 | 157 | — | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 174 | 174 | 10 | 175 | 9 | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 17,435 | 19,285 | 4,516 | 24,950 | 468 | ||||||||||||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 4,329 | 4,590 | 1,150 | 8,054 | 203 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 17,823 | 19,425 | 2,300 | 15,584 | 524 | ||||||||||||||||||||||||||||||||||||||||
Construction | 3,806 | 3,806 | 950 | 8,124 | 11 | ||||||||||||||||||||||||||||||||||||||||
Farmland | 131 | 131 | 57 | 1,818 | 8 | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 762 | 761 | 49 | 822 | — | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 174 | 174 | 10 | 175 | 9 | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | 52 | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 27,025 | 28,887 | 4,516 | 34,629 | 755 | ||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average | Interest | |||||||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 3,418 | 3,418 | — | 4,134 | 215 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | 103 | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 4,439 | 5,439 | — | 5,371 | 66 | ||||||||||||||||||||||||||||||||||||||||
Construction | 1,952 | 4,252 | — | 6,166 | 74 | ||||||||||||||||||||||||||||||||||||||||
Farmland | — | — | — | 37 | — | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 606 | 606 | — | 667 | — | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 10,415 | 13,715 | — | 16,478 | 355 | ||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average | Interest | |||||||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
With allowance recorded: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 5,950 | 5,950 | 1,318 | 6,084 | 325 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 12,504 | 12,504 | 2,319 | 14,580 | 509 | ||||||||||||||||||||||||||||||||||||||||
Construction | 8,963 | 8,963 | 2,014 | 8,171 | 52 | ||||||||||||||||||||||||||||||||||||||||
Farmland | 2,826 | 2,826 | 1,160 | 3,155 | 57 | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 156 | 156 | 47 | 155 | 10 | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 172 | 172 | 3 | 223 | 9 | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | 216 | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 30,571 | 30,571 | 6,861 | 32,584 | 962 | ||||||||||||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 9,368 | 9,368 | 1,318 | 10,218 | 540 | |||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | 103 | — | ||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 16,943 | 17,943 | 2,319 | 19,951 | 575 | ||||||||||||||||||||||||||||||||||||||||
Construction | 10,915 | 13,215 | 2,014 | 14,337 | 126 | ||||||||||||||||||||||||||||||||||||||||
Farmland | 2,826 | 2,826 | 1,160 | 3,192 | 57 | ||||||||||||||||||||||||||||||||||||||||
Second mortgages | 762 | 762 | 47 | 822 | 10 | ||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 172 | 172 | 3 | 223 | 9 | ||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | 216 | — | ||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
$ | 40,986 | 44,286 | 6,861 | 49,062 | 1,317 | ||||||||||||||||||||||||||||||||||||||||
Loans on Nonaccrual Status | ' | ||||||||||||||||||||||||||||||||||||||||||||
The following tables present the Company’s nonaccrual loans, credit quality indicators and past due loans as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||||||||||||||||||
Loans on Nonaccrual Status | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 726 | 930 | ||||||||||||||||||||||||||||||||||||||||||
Multifamily | — | — | |||||||||||||||||||||||||||||||||||||||||||
Commercial real estate | 21 | 4,445 | |||||||||||||||||||||||||||||||||||||||||||
Construction | 3,524 | 9,626 | |||||||||||||||||||||||||||||||||||||||||||
Farmland | 700 | 1,248 | |||||||||||||||||||||||||||||||||||||||||||
Second mortgages | 606 | 606 | |||||||||||||||||||||||||||||||||||||||||||
Equity lines of credit | — | — | |||||||||||||||||||||||||||||||||||||||||||
Commercial | — | — | |||||||||||||||||||||||||||||||||||||||||||
Agricultural | — | — | |||||||||||||||||||||||||||||||||||||||||||
Installment and other | — | — | |||||||||||||||||||||||||||||||||||||||||||
Total | $ | 5,577 | 16,855 | ||||||||||||||||||||||||||||||||||||||||||
Credit Quality Indicators | ' | ||||||||||||||||||||||||||||||||||||||||||||
The following table presents our loan balances by primary loan classification and the amount classified within each risk rating category. Pass rated loans include all credits other than those included in special mention, substandard and doubtful which are defined as follows: | |||||||||||||||||||||||||||||||||||||||||||||
• | Special mention loans have potential weaknesses that deserve management’s lose attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date. | ||||||||||||||||||||||||||||||||||||||||||||
• | Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize liquidation of the debt. Substandard loans are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. | ||||||||||||||||||||||||||||||||||||||||||||
• | Doubtful loans have all the characteristics of substandard loans with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The Company considers all doubtful loans to be impaired and places the loans on nonaccrual status. | ||||||||||||||||||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Residential | Multifamily | Commercial | Construction | Farmland | Second | Equity Lines | Commercial | Agricultural | Installment | Total | |||||||||||||||||||||||||||||||||||
1-4 Family | Real Estate | Mortgages | of Credit | and Other | |||||||||||||||||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade | |||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 319,762 | 13,920 | 507,769 | 190,083 | 22,324 | 9,135 | 33,964 | 29,298 | 2,089 | 44,159 | 1,172,503 | |||||||||||||||||||||||||||||||||
Special mention | 9,460 | — | 5,308 | 367 | 64 | 665 | 174 | 26 | 3 | 43 | 16,110 | ||||||||||||||||||||||||||||||||||
Substandard | 3,210 | — | 13,181 | 3,976 | 383 | 711 | 47 | 120 | 7 | 207 | 21,842 | ||||||||||||||||||||||||||||||||||
Doubtful | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Total | $ | 332,432 | 13,920 | 526,258 | 194,426 | 22,771 | 10,511 | 34,185 | 29,444 | 2,099 | 44,409 | 1,210,455 | |||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 326,648 | 16,087 | 452,350 | 179,114 | 23,253 | 11,123 | 35,756 | 30,499 | 2,215 | 44,057 | 1,121,102 | |||||||||||||||||||||||||||||||||
Special mention | 9,969 | 53 | 5,699 | 282 | 71 | 477 | 295 | 32 | 5 | 98 | 16,981 | ||||||||||||||||||||||||||||||||||
Substandard | 5,360 | — | 11,708 | 10,960 | 2,995 | 877 | 209 | 14 | 18 | 296 | 32,437 | ||||||||||||||||||||||||||||||||||
Doubtful | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Total | $ | 341,977 | 16,140 | 469,757 | 190,356 | 26,319 | 12,477 | 36,260 | 30,545 | 2,238 | 44,451 | 1,170,520 | |||||||||||||||||||||||||||||||||
Age Analysis of Past Due Loans | ' | ||||||||||||||||||||||||||||||||||||||||||||
Age Analysis of Past Due Loans | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
30-59 | 60-89 | Nonaccrual | Total | Current | Total | Recorded | |||||||||||||||||||||||||||||||||||||||
Days | Days | and | Nonaccrual | Loans | Investment | ||||||||||||||||||||||||||||||||||||||||
Past Due | Past Due | Greater | and | Greater Than | |||||||||||||||||||||||||||||||||||||||||
Than | Past Due | 90 Days and | |||||||||||||||||||||||||||||||||||||||||||
90 Days | Accruing | ||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 5,034 | 221 | 1,582 | 6,837 | 325,595 | 332,432 | 856 | |||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | 13,920 | 13,920 | — | ||||||||||||||||||||||||||||||||||||||
Commercial real estate | 287 | 19 | 710 | 1,016 | 525,242 | 526,258 | 689 | ||||||||||||||||||||||||||||||||||||||
Construction | 948 | 20 | 3,795 | 4,763 | 189,663 | 194,426 | 271 | ||||||||||||||||||||||||||||||||||||||
Farmland | 8 | — | 700 | 708 | 22,063 | 22,771 | — | ||||||||||||||||||||||||||||||||||||||
Second mortgages | 78 | — | 611 | 689 | 9,822 | 10,511 | 5 | ||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 48 | 27 | — | 75 | 34,110 | 34,185 | — | ||||||||||||||||||||||||||||||||||||||
Commercial | 122 | — | 285 | 407 | 29,037 | 29,444 | 285 | ||||||||||||||||||||||||||||||||||||||
Agricultural, installment and other | 484 | 115 | 27 | 626 | 45,882 | 46,508 | 27 | ||||||||||||||||||||||||||||||||||||||
Total | $ | 7,009 | 402 | 7,710 | 15,121 | 1,195,334 | 1,210,455 | 2,133 | |||||||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | $ | 5,297 | 1,448 | 1,524 | 8,269 | 333,708 | 341,977 | 594 | |||||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | 16,140 | 16,140 | — | ||||||||||||||||||||||||||||||||||||||
Commercial real estate | 1,599 | 710 | 4,470 | 6,779 | 462,978 | 469,757 | 25 | ||||||||||||||||||||||||||||||||||||||
Construction | 796 | 72 | 9,650 | 10,518 | 179,838 | 190,356 | 24 | ||||||||||||||||||||||||||||||||||||||
Farmland | 260 | 43 | 1,248 | 1,551 | 24,768 | 26,319 | — | ||||||||||||||||||||||||||||||||||||||
Second mortgages | 396 | 7 | 677 | 1,080 | 11,397 | 12,477 | 71 | ||||||||||||||||||||||||||||||||||||||
Equity lines of credit | 186 | 173 | 46 | 405 | 35,855 | 36,260 | 46 | ||||||||||||||||||||||||||||||||||||||
Commercial | 204 | 24 | 54 | 282 | 30,263 | 30,545 | 54 | ||||||||||||||||||||||||||||||||||||||
Agricultural, installment and other | 488 | 143 | 105 | 736 | 45,953 | 46,689 | 105 | ||||||||||||||||||||||||||||||||||||||
Total | $ | 9,226 | 2,620 | 17,774 | 29,620 | 1,140,900 | 1,170,520 | 919 | |||||||||||||||||||||||||||||||||||||
Transactions in the Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||||||||||||||||
Transactions in the allowance for loan losses for the years ended December 31, 2013 and 2012 are summarized as follows: | |||||||||||||||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Residential | Multifamily | Commercial | Construction | Farmland | Second | Equity Lines | Commercial | Agricultural | Installment | Total | |||||||||||||||||||||||||||||||||||
1-4 Family | Real Estate | Mortgages | of Credit | and Other | |||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 5,699 | 89 | 9,305 | 7,191 | 1,658 | 272 | 492 | 382 | 15 | 394 | 25,497 | |||||||||||||||||||||||||||||||||
Provision | 36 | (12 | ) | 3,063 | (741 | ) | (266 | ) | (70 | ) | (89 | ) | 131 | (14 | ) | 139 | 2,177 | ||||||||||||||||||||||||||||
Charge-offs | (877 | ) | — | (1,478 | ) | (1,470 | ) | (781 | ) | (7 | ) | (104 | ) | (149 | ) | (1 | ) | (380 | ) | (5,247 | ) | ||||||||||||||||||||||||
Recoveries | 77 | — | 28 | 179 | 7 | 10 | 1 | 31 | 7 | 168 | 508 | ||||||||||||||||||||||||||||||||||
Ending balance | $ | 4,935 | 77 | 10,918 | 5,159 | 618 | 205 | 300 | 395 | 7 | 321 | 22,935 | |||||||||||||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 1,150 | — | 2,300 | 950 | 57 | 49 | 10 | — | — | — | 4,516 | |||||||||||||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 3,785 | 77 | 8,618 | 4,209 | 561 | 156 | 290 | 395 | 7 | 321 | 18,419 | |||||||||||||||||||||||||||||||||
Ending balance loans acquired with deteriorated credit quality | $ | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||||||||||||||
Ending balance | $ | 332,432 | 13,920 | 526,258 | 194,426 | 22,771 | 10,511 | 34,185 | 29,444 | 2,099 | 44,409 | 1,210,455 | |||||||||||||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 4,303 | — | 17,722 | 3,806 | 130 | 761 | 174 | — | — | — | 26,896 | |||||||||||||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 328,129 | 13,920 | 508,536 | 190,620 | 22,641 | 9,750 | 34,011 | 29,444 | 2,099 | 44,409 | 1,183,559 | |||||||||||||||||||||||||||||||||
Ending balance loans acquired with deteriorated credit quality | $ | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||||||||||||||
Residential | Multifamily | Commercial | Construction | Farmland | Second | Equity Lines | Commercial | Agricultural | Installment | Total | |||||||||||||||||||||||||||||||||||
1-4 Family | Real Estate | Mortgages | of Credit | and Other | |||||||||||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 5,414 | 54 | 8,242 | 6,223 | 1,829 | 326 | 653 | 1,309 | 19 | 456 | 24,525 | |||||||||||||||||||||||||||||||||
Provision | 1,557 | 35 | 5,021 | 3,020 | 284 | 62 | (65 | ) | (544 | ) | (4 | ) | 162 | 9,528 | |||||||||||||||||||||||||||||||
Charge-offs | (1,331 | ) | — | (4,057 | ) | (2,226 | ) | (462 | ) | (120 | ) | (96 | ) | (454 | ) | — | (412 | ) | (9,158 | ) | |||||||||||||||||||||||||
Recoveries | 59 | — | 99 | 174 | 7 | 4 | — | 71 | — | 188 | 602 | ||||||||||||||||||||||||||||||||||
Ending balance | $ | 5,699 | 89 | 9,305 | 7,191 | 1,658 | 272 | 492 | 382 | 15 | 394 | 25,497 | |||||||||||||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 1,318 | — | 2,319 | 2,014 | 1,160 | 47 | 3 | — | — | — | 6,861 | |||||||||||||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 4,381 | 89 | 6,986 | 5,177 | 498 | 225 | 489 | 382 | 15 | 394 | 18,636 | |||||||||||||||||||||||||||||||||
Ending balance loans acquired with deteriorated credit quality | $ | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||||||||||||||
Ending balance | $ | 341,977 | 16,140 | 469,757 | 190,356 | 26,319 | 12,477 | 36,260 | 30,545 | 2,238 | 44,451 | 1,170,520 | |||||||||||||||||||||||||||||||||
Ending balance individually evaluated for impairment | $ | 9,368 | — | 16,943 | 10,915 | 2,826 | 762 | 172 | — | — | — | 40,986 | |||||||||||||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 332,609 | 16,140 | 452,814 | 179,441 | 23,493 | 11,715 | 36,088 | 30,545 | 2,238 | 44,451 | 1,129,534 | |||||||||||||||||||||||||||||||||
Ending balance loans acquired with deteriorated credit quality | $ | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Troubled Debt Restructuring Categorized by Loan | ' | ||||||||||||||||||||||||||||||||||||||||||||
The following table outlines the amount of each troubled debt restructuring categorized by loan classification as of December 31, 2013 and 2012 (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||
Number of | Pre | Post | Number of | Pre | Post | ||||||||||||||||||||||||||||||||||||||||
Contracts | Modification | Modification | Contracts | Modification | Modification | ||||||||||||||||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||||||||||||||||||||
Recorded | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||||||||||||||||||
Investment | Investment, | Investment | Investment, | ||||||||||||||||||||||||||||||||||||||||||
Net of Related | Net of Related | ||||||||||||||||||||||||||||||||||||||||||||
Allowance | Allowance | ||||||||||||||||||||||||||||||||||||||||||||
Residential 1-4 family | 6 | $ | 800 | $ | 800 | 1 | $ | 365 | $ | 275 | |||||||||||||||||||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Commercial real estate | 2 | 5,522 | 3,291 | 1 | 416 | 355 | |||||||||||||||||||||||||||||||||||||||
Construction | 1 | 282 | 282 | 4 | 5,153 | 3,898 | |||||||||||||||||||||||||||||||||||||||
Farmland | — | — | — | 1 | 1,445 | 595 | |||||||||||||||||||||||||||||||||||||||
Second mortgages | 1 | 24 | 24 | — | — | — | |||||||||||||||||||||||||||||||||||||||
Equity lines of credit | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Agricultural, installment and other | 2 | 13 | 13 | 2 | 17 | 17 | |||||||||||||||||||||||||||||||||||||||
Total | 12 | $ | 6,641 | $ | 4,410 | 9 | $ | 7,396 | $ | 5,140 | |||||||||||||||||||||||||||||||||||
Debt_and_Equity_Securities_Tab
Debt and Equity Securities (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Summary of Debt and Equity Securities | ' | ||||||||||||||||||||||||||||||||
Debt and equity securities have been classified in the consolidated balance sheet according to management’s intent. Debt and equity securities at December 31, 2013 consist of the following: | |||||||||||||||||||||||||||||||||
Securities Held-To-Maturity | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Market | ||||||||||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
Government-sponsored enterprises (GSEs)* residential | $ | 8,649 | 73 | 520 | 8,202 | ||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 18,174 | 424 | 239 | 18,359 | |||||||||||||||||||||||||||||
$ | 26,823 | 497 | 759 | 26,561 | |||||||||||||||||||||||||||||
Securities Available-For-Sale | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Market | ||||||||||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||||||||||
U.S. Government-sponsored enterprises (GSEs) and agency-backed securities* | $ | 146,769 | 10 | 5,961 | 140,818 | ||||||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
GSE residential | 175,855 | 808 | 1,481 | 175,182 | |||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 13,711 | 71 | 409 | 13,373 | |||||||||||||||||||||||||||||
$ | 336,335 | 889 | 7,851 | 329,373 | |||||||||||||||||||||||||||||
* | Such as Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks, Federal Farm Credit Banks, Government National Mortgage Association and Small Business Administration. | ||||||||||||||||||||||||||||||||
The Company’s classification of securities at December 31, 2012 is as follows: | |||||||||||||||||||||||||||||||||
Securities Held-To-Maturity | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Market | ||||||||||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
Government-sponsored enterprises (GSEs)* residential | $ | 2,918 | 122 | — | 3,040 | ||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 12,590 | 687 | — | 13,277 | |||||||||||||||||||||||||||||
$ | 15,508 | 809 | — | 16,317 | |||||||||||||||||||||||||||||
Securities Available-For-Sale | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||||||||||||||||||
Cost | Unrealized | Unrealized | Market | ||||||||||||||||||||||||||||||
Gains | Losses | Value | |||||||||||||||||||||||||||||||
U.S. Government-sponsored enterprises (GSEs)* | $ | 122,110 | 643 | 55 | 122,698 | ||||||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
GSE residential | 177,787 | 3,373 | 32 | 181,128 | |||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 13,214 | 267 | 29 | 13,452 | |||||||||||||||||||||||||||||
$ | 313,111 | 4,283 | 116 | 317,278 | |||||||||||||||||||||||||||||
* | Such as Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks, Federal Farm Credit Banks, and Government National Mortgage Association. | ||||||||||||||||||||||||||||||||
Maturity of Amortized Cost and Estimated Market Value of Debt Securities | ' | ||||||||||||||||||||||||||||||||
The amortized cost and estimated market value of debt securities at December 31, 2013, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Securities Held-To-Maturity | Amortized | Estimated | |||||||||||||||||||||||||||||||
Cost | Market | ||||||||||||||||||||||||||||||||
Value | |||||||||||||||||||||||||||||||||
Due in one year or less | $ | 660 | 664 | ||||||||||||||||||||||||||||||
Due after one year through five years | 8,322 | 8,599 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 5,386 | 5,418 | |||||||||||||||||||||||||||||||
Due after ten years | 3,806 | 3,678 | |||||||||||||||||||||||||||||||
18,174 | 18,359 | ||||||||||||||||||||||||||||||||
Mortgage-backed securities | 8,649 | 8,202 | |||||||||||||||||||||||||||||||
$ | 26,823 | 26,561 | |||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
Securities Available-For-Sale | Amortized | Estimated | |||||||||||||||||||||||||||||||
Cost | Market | ||||||||||||||||||||||||||||||||
Value | |||||||||||||||||||||||||||||||||
Due in one year or less | $ | 4,091 | 4,102 | ||||||||||||||||||||||||||||||
Due after one year through five years | 45,989 | 45,304 | |||||||||||||||||||||||||||||||
Due after five years through ten years | 99,183 | 94,162 | |||||||||||||||||||||||||||||||
Due after ten years | 6,415 | 5,891 | |||||||||||||||||||||||||||||||
155,678 | 149,459 | ||||||||||||||||||||||||||||||||
Mortgage and asset-backed securities | 180,657 | 179,914 | |||||||||||||||||||||||||||||||
$ | 336,335 | 329,373 | |||||||||||||||||||||||||||||||
Sales of Debt and Equity Securities | ' | ||||||||||||||||||||||||||||||||
Results from sales of debt and equity securities are as follows: | |||||||||||||||||||||||||||||||||
In Thousands | |||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||
Gross proceeds | $ | 6,867 | 37,353 | 26,452 | |||||||||||||||||||||||||||||
Gross realized gains | $ | 78 | $ | 261 | 192 | ||||||||||||||||||||||||||||
Gross realized losses | — | (2 | ) | — | |||||||||||||||||||||||||||||
Net realized gains | $ | 78 | $ | 259 | 192 | ||||||||||||||||||||||||||||
Gross Unrealized Losses and Fair Value of Company's Investments | ' | ||||||||||||||||||||||||||||||||
The following table shows the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2013. | |||||||||||||||||||||||||||||||||
Available for sale and held to maturity securities that have been in a continuous unrealized loss position at December 31, 2013 are as follows: | |||||||||||||||||||||||||||||||||
In Thousands, Except Number of Securities | |||||||||||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||
Fair | Unrealized | Number | Fair | Unrealized | Number | Fair | Unrealized | ||||||||||||||||||||||||||
Value | Losses | of | Value | Losses | of | Value | Losses | ||||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||||||||||
Included | Included | ||||||||||||||||||||||||||||||||
Held to Maturity Securities: | |||||||||||||||||||||||||||||||||
Debt securities: | |||||||||||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
GSE residential | $ | 6,678 | $ | 520 | 5 | $ | — | $ | — | — | $ | 6,678 | $ | 520 | |||||||||||||||||||
Obligations of states and political subdivisions | 7,817 | 231 | 21 | 343 | 8 | 2 | 8,160 | 239 | |||||||||||||||||||||||||
$ | 14,495 | $ | 751 | 26 | $ | 343 | $ | 8 | 2 | $ | 14,838 | $ | 759 | ||||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||||||||||
Debt securities: | |||||||||||||||||||||||||||||||||
GSEs and agency-backed | $ | 108,234 | $ | 4,358 | 37 | $ | 19,479 | $ | 1,603 | 7 | $ | 127,713 | $ | 5,961 | |||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||||||||||
GSE residential | 97,805 | 1,449 | 32 | 1,866 | 32 | 2 | 99,671 | 1,481 | |||||||||||||||||||||||||
Obligations of states and political subdivisions | 5,645 | 95 | 14 | 4,766 | 314 | 14 | 10,411 | 409 | |||||||||||||||||||||||||
$ | 211,684 | $ | 5,902 | 83 | $ | 26,111 | $ | 1,949 | 23 | $ | 237,795 | $ | 7,851 | ||||||||||||||||||||
Premises_and_Equipment_Tables
Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Detail of Premises and Equipment | ' | ||||||||
The detail of premises and equipment at December 31, 2013 and 2012 is as follows: | |||||||||
In Thousands | |||||||||
2013 | 2012 | ||||||||
Land | $ | 15,140 | 15,115 | ||||||
Buildings | 25,859 | 25,114 | |||||||
Leasehold improvements | 140 | 140 | |||||||
Furniture and equipment | 6,698 | 5,765 | |||||||
Automobiles | 123 | 119 | |||||||
Construction-in-progress | 1,100 | — | |||||||
49,060 | 46,253 | ||||||||
Less accumulated depreciation | (10,884 | ) | (10,400 | ) | |||||
$ | 38,176 | 35,853 | |||||||
Acquired_Intangible_Assets_and1
Acquired Intangible Assets and Goodwill (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||
Goodwill | ' | ||||||||
In Thousands | |||||||||
2013 | 2012 | ||||||||
Goodwill: | |||||||||
Balance at January 1, | $ | 4,805 | 4,805 | ||||||
Goodwill acquired during year | — | — | |||||||
Impairment loss | — | — | |||||||
Balance at December 31, | $ | 4,805 | 4,805 | ||||||
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Banking And Thrift [Abstract] | ' | ||||||||
Deposits | ' | ||||||||
Deposits at December 31, 2013 and 2012 are summarized as follows: | |||||||||
In Thousands | |||||||||
2013 | 2012 | ||||||||
Demand deposits | $ | 136,525 | 126,953 | ||||||
Savings accounts | 93,130 | 94,441 | |||||||
Negotiable order of withdrawal accounts | 329,572 | 310,080 | |||||||
Money market demand accounts | 406,984 | 339,417 | |||||||
Certificates of deposit $100,000 or greater | 251,722 | 260,641 | |||||||
Other certificates of deposit | 240,815 | 263,095 | |||||||
Individual retirement accounts $100,000 or greater | 42,487 | 44,845 | |||||||
Other individual retirement accounts | 53,020 | 54,450 | |||||||
$ | 1,554,255 | 1,493,922 | |||||||
Principal Maturities of Certificate of Deposit and Individual Retirement Accounts | ' | ||||||||
Principal maturities of certificates of deposit and individual retirement accounts at December 31, 2013 are as follows: | |||||||||
(In Thousands) | |||||||||
Maturity | Total | ||||||||
2014 | $ | 346,191 | |||||||
2015 | 129,837 | ||||||||
2016 | 48,508 | ||||||||
2017 | 38,167 | ||||||||
2018 | 25,341 | ||||||||
Thereafter | — | ||||||||
$ | 588,044 | ||||||||
NonInterest_Income_and_NonInte1
Non-Interest Income and Non-Interest Expense (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Other Income And Expenses [Abstract] | ' | ||||||||||||
Components of Non-Interest Income and Non-Interest Expense | ' | ||||||||||||
The significant components of non-interest income and non-interest expense for the years ended December 31 are presented below: | |||||||||||||
In Thousands | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Non-interest income: | |||||||||||||
Service charges on deposits | $ | 4,090 | 4,568 | 5,356 | |||||||||
Other fees and commissions | 7,726 | 7,603 | 6,859 | ||||||||||
Security gains, net | 78 | 259 | 192 | ||||||||||
Fees and gains on sales of loans | 3,298 | 3,602 | 2,069 | ||||||||||
Other income | 12 | 3 | — | ||||||||||
$ | 15,204 | 16,035 | 14,476 | ||||||||||
In Thousands | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Non-interest expense: | |||||||||||||
Employee salaries and benefits | $ | 25,697 | 23,984 | 22,723 | |||||||||
Occupancy expenses | 2,715 | 2,626 | 2,524 | ||||||||||
Furniture and equipment expenses | 1,406 | 1,175 | 1,156 | ||||||||||
Loss on sales of other assets, net | 3 | 2 | 15 | ||||||||||
Write downs and loss on sales of other real estate, net | 1,642 | 3,286 | 3,560 | ||||||||||
Data processing expenses | 1,902 | 1,433 | 1,322 | ||||||||||
FDIC insurance | 1,220 | 1,738 | 1,756 | ||||||||||
Directors’ fees | 707 | 762 | 739 | ||||||||||
Legal fees and litigation losses | 2,980 | 178 | 63 | ||||||||||
Other operating expenses | 10,515 | 9,914 | 9,805 | ||||||||||
$ | 48,787 | 45,098 | 43,663 | ||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Components of the Net Deferred Tax Asset | ' | ||||||||||||
The components of the net deferred tax asset are as follows: | |||||||||||||
In Thousands | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax asset: | |||||||||||||
Federal | $ | 11,638 | 10,177 | ||||||||||
State | 1,928 | 1,616 | |||||||||||
13,566 | 11,793 | ||||||||||||
Deferred tax liability: | |||||||||||||
Federal | (1,768 | ) | (2,947 | ) | |||||||||
State | (361 | ) | (603 | ) | |||||||||
(2,129 | ) | (3,550 | ) | ||||||||||
$ | 11,437 | 8,243 | |||||||||||
Deferred Tax Assets (Liabilities) in Which Tax Effects of Significant Item that Gave Rise | ' | ||||||||||||
The tax effects of each type of significant item that gave rise to deferred tax assets (liabilities) are: | |||||||||||||
In Thousands | |||||||||||||
2013 | 2012 | ||||||||||||
Financial statement allowance for loan losses in excess of tax allowance | $ | 8,330 | 9,298 | ||||||||||
Excess of depreciation deducted for tax purposes over the amounts deducted in the financial statements | (1,650 | ) | (1,474 | ) | |||||||||
Financial statement deduction for deferred compensation in excess of deduction for tax purposes | 908 | 879 | |||||||||||
Writedown of other real estate not deductible for income tax purposes until sold | 1,586 | 1,578 | |||||||||||
Financial statement income on FHLB stock dividends not recognized for tax purposes | (480 | ) | (480 | ) | |||||||||
Unrealized loss (gain) on securities available-for-sale | 2,666 | (1,596 | ) | ||||||||||
Miscellaneous | 77 | 38 | |||||||||||
$ | 11,437 | $ | 8,243 | ||||||||||
Summary of Components of Income Tax Expense (Benefit) | ' | ||||||||||||
The components of income tax expense (benefit) are summarized as follows: | |||||||||||||
In Thousands | |||||||||||||
Federal | State | Total | |||||||||||
2013 | |||||||||||||
Current | $ | 7,193 | 1,045 | 8,238 | |||||||||
Deferred | 898 | 170 | 1,068 | ||||||||||
Total | $ | 8,091 | 1,215 | 9,306 | |||||||||
2012 | |||||||||||||
Current | $ | 7,022 | 1,307 | 8,329 | |||||||||
Deferred | (732 | ) | (82 | ) | (814 | ) | |||||||
Total | $ | 6,290 | 1,225 | 7,515 | |||||||||
2011 | |||||||||||||
Current | $ | 6,780 | 1,236 | 8,016 | |||||||||
Deferred | (1,283 | ) | (188 | ) | (1,471 | ) | |||||||
Total | $ | 5,497 | 1,048 | 6,545 | |||||||||
Reconciliation of Actual Income Tax Expense to the Expected Tax Expense | ' | ||||||||||||
In Thousands | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Computed “expected” tax expense | $ | 8,559 | 6,686 | 5,642 | |||||||||
State income taxes, net of Federal income tax benefit | 937 | 780 | 694 | ||||||||||
Tax exempt interest, net of interest expense exclusion | (234 | ) | (203 | ) | (199 | ) | |||||||
Federal income tax rate in excess of statutory rate related to taxable income over $10 million | 204 | 206 | 187 | ||||||||||
Earnings on cash surrender value of life insurance | (25 | ) | (82 | ) | (21 | ) | |||||||
Expenses not deductible for tax purposes | 35 | 26 | 24 | ||||||||||
Stock based compensation expense | 11 | 10 | 8 | ||||||||||
Other | (181 | ) | 92 | 210 | |||||||||
$ | 9,306 | 7,515 | 6,545 | ||||||||||
Commitments_and_Contingent_Lia1
Commitments and Contingent Liabilities (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||
Future Minimum Rental Payments Under Operating Leases | ' | ||||
Future minimum rental payments required under the terms of the noncancellable leases are as follows: | |||||
Years Ending December 31, | In Thousands | ||||
2014 | $ | 85 | |||
2015 | 58 | ||||
2016 | 23 | ||||
2017 | 14 |
Financial_Instruments_with_Off1
Financial Instruments with Off-Balance-Sheet Risk (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Investments All Other Investments [Abstract] | ' | ||||||||
Financial Instruments Whose Contract Amounts Represent Credit Risk | ' | ||||||||
The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. | |||||||||
In Thousands | |||||||||
Contract or | |||||||||
Notional Amount | |||||||||
2013 | 2012 | ||||||||
Financial instruments whose contract amounts represent credit risk: | |||||||||
Unused commitments to extend credit | $ | 185,633 | 189,486 | ||||||
Standby letters of credit | 28,077 | 25,385 | |||||||
Total | $ | 213,710 | 214,871 | ||||||
Regulatory_Matters_and_Restric1
Regulatory Matters and Restrictions on Dividends (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||
Summary of Company's and Wilson Banks Actual Capital Amounts and Ratios | ' | ||||||||||||||||||||||||
The Company’s and Wilson Bank’s actual capital amounts and ratios as of December 31, 2013 and 2012, are also presented in the table: | |||||||||||||||||||||||||
Actual | Regulatory | Regulatory | |||||||||||||||||||||||
Minimum Capital | Minimum To Be | ||||||||||||||||||||||||
Requirement | Well Capitalized | ||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Total capital to risk weighted assets: | |||||||||||||||||||||||||
Consolidated | $ | 193,746 | 14.7 | % | $ | 105,656 | 8 | % | $ | 132,070 | 10 | % | |||||||||||||
Wilson Bank | 190,911 | 14.5 | 105,622 | 8 | 132,027 | 10 | |||||||||||||||||||
Tier 1 capital to risk weighted assets: | |||||||||||||||||||||||||
Consolidated | 177,161 | 13.4 | 52,805 | 4 | 79,208 | 6 | |||||||||||||||||||
Wilson Bank | 174,326 | 13.2 | 52,826 | 4 | 79,239 | 6 | |||||||||||||||||||
Tier 1 capital to average assets: | |||||||||||||||||||||||||
Consolidated | 177,161 | 10.3 | 69,001 | 4 | N/A | N/A | |||||||||||||||||||
Wilson Bank | 174,326 | 10.1 | 69,040 | 4 | 86,300 | 5 | |||||||||||||||||||
Actual | Regulatory | Regulatory | |||||||||||||||||||||||
Minimum Capital | Minimum To Be | ||||||||||||||||||||||||
Requirement | Well Capitalized | ||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Total capital to risk weighted assets: | |||||||||||||||||||||||||
Consolidated | $ | 178,162 | 14.2 | % | $ | 100,373 | 8 | % | $ | 125,466 | 10 | % | |||||||||||||
Wilson Bank | 176,652 | 14.1 | 100,228 | 8 | 125,285 | 10 | |||||||||||||||||||
Tier 1 capital to risk weighted assets: | |||||||||||||||||||||||||
Consolidated | 162,321 | 12.9 | 50,332 | 4 | 75,498 | 6 | |||||||||||||||||||
Wilson Bank | 160,811 | 12.8 | 50,253 | 4 | 73,380 | 6 | |||||||||||||||||||
Tier 1 capital to average assets: | |||||||||||||||||||||||||
Consolidated | 162,321 | 9.8 | 66,253 | 4 | N/A | N/A | |||||||||||||||||||
Wilson Bank | 160,811 | 9.7 | 66,314 | 4 | 82,892 | 5 |
Stock_Option_Plan_Tables
Stock Option Plan (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Weighted-Average Black-Scholes Fair Value Assumptions | ' | ||||||||||||||||||||||||
The fair value of each grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions used for grants in 2013, 2012 and 2011: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Expected dividends | 1.12 | % | 1.08 | % | 1.12 | % | |||||||||||||||||||
Expected term (in years) | 9.56 | 6.09 | 7.75 | ||||||||||||||||||||||
Expected volatility | 25 | % | 27 | % | 25 | % | |||||||||||||||||||
Risk-free rate | 2.04 | % | 1.27 | % | 2.74 | % | |||||||||||||||||||
Summary of the Stock Option Activity | ' | ||||||||||||||||||||||||
A summary of the stock option activity for 2013, 2012 and 2011 is as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Shares | Weighted | Shares | Weighted | Shares | Weighted | ||||||||||||||||||||
Average | Average | Average | |||||||||||||||||||||||
Exercise | Exercise | Exercise | |||||||||||||||||||||||
Price | Price | Price | |||||||||||||||||||||||
Outstanding at beginning of year | 48,987 | $ | 34.24 | 52,708 | $ | 31.24 | 53,892 | $ | 29.46 | ||||||||||||||||
Granted | 5,500 | 44.16 | 6,000 | 42.06 | 4,500 | 39.88 | |||||||||||||||||||
Exercised | (5,973 | ) | 26 | (8,788 | ) | 21.5 | (5,284 | ) | 20.76 | ||||||||||||||||
Forfeited or expired | (860 | ) | 33.07 | (933 | ) | 34.85 | (400 | ) | 23.63 | ||||||||||||||||
Outstanding at end of year | 47,654 | $ | 36.43 | 48,987 | $ | 34.24 | 52,708 | $ | 31.24 | ||||||||||||||||
Options exercisable at year end | 12,009 | $ | 32.35 | 11,453 | $ | 29.69 | 13,227 | $ | 25 | ||||||||||||||||
Summary of Information about Stock Options | ' | ||||||||||||||||||||||||
The following table summarizes information about stock options outstanding at December 31, 2013: | |||||||||||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||||||||||
Range of Exercise Prices | Number | Weighted | Weighted | Number | Weighted | Weighted | |||||||||||||||||||
Outstanding | Average | Average | Exercisable | Average | Average | ||||||||||||||||||||
at 12/31/13 | Exercise | Remaining | at 12/31/13 | Exercise | Remaining | ||||||||||||||||||||
Price | Contractual | Price | Contractual | ||||||||||||||||||||||
Term | Term | ||||||||||||||||||||||||
$ 17.20 - $ 25.79 | 3,682 | $ | 23.27 | .9 years | 2,075 | $ | 23.44 | .9 years | |||||||||||||||||
$ 25.80 - $ 38.70 | 29,122 | $ | 35.09 | 4.9 years | 8,984 | $ | 33.5 | 4.3 years | |||||||||||||||||
$ 38.71 - $ 45.75 | 14,850 | $ | 42.32 | 8.4 years | 950 | $ | 40.88 | 7.6 years | |||||||||||||||||
47,654 | 12,009 | ||||||||||||||||||||||||
Aggregate intrinsic value (in thousands) | $ | 444 | $ | 161 | |||||||||||||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Summary of Components Comprising Basic and Diluted Earnings Per Share | ' | ||||||||||||
The following is a summary of the components comprising basic and diluted earnings per share (“EPS”): | |||||||||||||
In Thousands (except share data) | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Basic EPS Computation: | |||||||||||||
Numerator - Earnings available to common stockholders | $ | 15,869 | 12,148 | 10,050 | |||||||||
Denominator - Weighted average number of common shares outstanding | 7,472,373 | 7,360,485 | 7,280,907 | ||||||||||
Basic earnings per common share | $ | 2.12 | 1.65 | 1.38 | |||||||||
Diluted EPS Computation: | |||||||||||||
Numerator - Earnings available to common stockholders | $ | 15,869 | $ | 12,148 | 10,050 | ||||||||
Denominator: | |||||||||||||
Weighted average number of common shares outstanding | 7,472,373 | 7,360,485 | 7,280,907 | ||||||||||
Dilutive effect of stock options | 4,798 | 5,163 | 7,215 | ||||||||||
7,477,171 | 7,365,648 | 7,288,122 | |||||||||||
Diluted earnings per common share | $ | 2.12 | 1.65 | 1.38 | |||||||||
Disclosures_About_Fair_Value_o1
Disclosures About Fair Value of Financial Instruments (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Assets Measured at Fair Value on a Recurring Basis | ' | ||||||||||||||||||||
The following tables present the financial instruments carried at fair value as of December 31, 2013 and December 31, 2012, by caption on the consolidated balance sheet and by FASB ASC 820 valuation hierarchy (as described above) (in thousands): | |||||||||||||||||||||
Measured on a Recurring Basis | |||||||||||||||||||||
Total Carrying | Quoted Market | Models with | Models with | ||||||||||||||||||
Value in the | Prices in an | Significant | Significant | ||||||||||||||||||
Consolidated | Active Market | Observable | Unobservable | ||||||||||||||||||
Balance | (Level 1) | Market | Market | ||||||||||||||||||
Sheet | Parameters | Parameters | |||||||||||||||||||
(Level 2) | (Level 3) | ||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||||||
U.S. Government sponsored enterprises and agency-backed | $ | 140,818 | — | 140,818 | — | ||||||||||||||||
Mortgage-backed securities | 175,182 | — | 175,182 | — | |||||||||||||||||
State and municipal securities | 13,373 | — | 13,373 | — | |||||||||||||||||
Total investment securities available-for-sale | 329,373 | — | 329,373 | — | |||||||||||||||||
Other assets | 11,390 | — | — | 11,390 | |||||||||||||||||
Total assets at fair value | $ | 340,763 | — | 329,373 | 11,390 | ||||||||||||||||
Measured on a Recurring Basis | |||||||||||||||||||||
Total Carrying | Quoted Market | Models with | Models with | ||||||||||||||||||
Value in the | Prices in an | Significant | Significant | ||||||||||||||||||
Consolidated | Active Market | Observable | Unobservable | ||||||||||||||||||
Balance | (Level 1) | Market | Market | ||||||||||||||||||
Sheet | Parameters | Parameters | |||||||||||||||||||
(Level 2) | (Level 3) | ||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Investment securities available-for-sale: | |||||||||||||||||||||
U.S. Government sponsored enterprises | $ | 122,698 | — | 122,698 | — | ||||||||||||||||
Mortgage-backed securities | 181,128 | — | 181,128 | — | |||||||||||||||||
State and municipal securities | 13,452 | — | 13,452 | — | |||||||||||||||||
Total investment securities available-for-sale | 317,278 | — | 317,278 | — | |||||||||||||||||
Other assets | 6,315 | — | — | 6,315 | |||||||||||||||||
Total assets at fair value | $ | 323,593 | — | 317,278 | 6,315 | ||||||||||||||||
Assets Measured at Fair Value on a Non-Recurring Basis | ' | ||||||||||||||||||||
Measured on a Non-Recurring Basis | |||||||||||||||||||||
Total Carrying | Quoted Market | Models with | Models with | ||||||||||||||||||
Value in the | Prices in an | Significant | Significant | ||||||||||||||||||
Consolidated | Active Market | Observable | Unobservable | ||||||||||||||||||
Balance | (Level 1) | Market | Market | ||||||||||||||||||
Sheet | Parameters | Parameters | |||||||||||||||||||
(Level 2) | (Level 3) | ||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Other real estate owned | $ | 12,869 | — | — | 12,869 | ||||||||||||||||
Impaired loans, net (¹) | 22,380 | — | — | 22,380 | |||||||||||||||||
Total | $ | 35,249 | — | — | 35,249 | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Other real estate owned | $ | 15,307 | — | — | 15,307 | ||||||||||||||||
Impaired loans, net (¹) | 34,125 | — | — | 34,125 | |||||||||||||||||
Total | $ | 49,432 | — | — | 49,432 | ||||||||||||||||
(¹) | Amount is net of a valuation allowance of $4.5 million at December 31, 2013 and $6.9 million at December 31, 2012 as required by ASC 310-10, “Receivables.” | ||||||||||||||||||||
Changes in Fair Value Due to Observable Factors | ' | ||||||||||||||||||||
The table below includes a rollforward of the balance sheet amounts for the year ended December 31, 2013 (including the change in fair value) for financial instruments classified by the Company within Level 3 of the valuation hierarchy for assets and liabilities measured at fair value on a recurring basis. When a determination is made to classify a financial instrument within Level 3 of the valuation hierarchy, the determination is based upon the significance of the unobservable factors to the overall fair value measurement. However, since Level 3 financial instruments typically include, in addition to the unobservable or Level 3 components, observable components (that is, components that are actively quoted and can be validated to external sources), the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology (in thousands): | |||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Other | Other | Other | Other | ||||||||||||||||||
Assets | Liabilities | Assets | Liabilities | ||||||||||||||||||
Fair value, January 1 | $ | 6,315 | — | $ | 2,001 | — | |||||||||||||||
Total realized gains included in income | 75 | — | 242 | — | |||||||||||||||||
Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at December 31 | — | — | — | — | |||||||||||||||||
Purchases, issuances and settlements, net | 5,000 | — | 4,072 | — | |||||||||||||||||
Transfers out of Level 3 | — | — | — | — | |||||||||||||||||
Fair value, December 31 | $ | 11,390 | — | $ | 6,315 | — | |||||||||||||||
Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet at December 31 | $ | — | — | $ | — | — | |||||||||||||||
Carrying Value and Estimated Fair Value of Financial Instruments | ' | ||||||||||||||||||||
The following table presents the carrying amounts, estimated fair value and placement in the fair value hierarchy of the Company’s financial instruments at December 31, 2013 and December 31, 2012. This table excludes financial instruments for which the carrying amount approximates fair value. For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as noninterest bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity. | |||||||||||||||||||||
(in Thousands) | Carrying/ | Estimated | Quoted | Models with | Models with | ||||||||||||||||
Notional | Fair Value (¹) | Market | Significant | Significant | |||||||||||||||||
Amount | Prices in | Observable | Unobservable | ||||||||||||||||||
an Active | Market | Market | |||||||||||||||||||
Market | Parameters | Parameters | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Securities held-to-maturity | $ | 26,823 | 26,561 | — | 26,561 | — | |||||||||||||||
Loans, net | 1,184,267 | 1,185,271 | — | — | 1,185,271 | ||||||||||||||||
Mortgage loans held-for-sale | 7,022 | 7,022 | — | — | 7,022 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits and securities sold under agreements to repurchase | 1,563,333 | 1,554,839 | — | — | 1,554,839 | ||||||||||||||||
Off-balance sheet instruments: | |||||||||||||||||||||
Commitments to extend credit | — | — | — | — | — | ||||||||||||||||
Standby letters of credit | — | — | — | — | — | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Securities held-to-maturity | $ | 15,508 | 16,317 | — | 16,317 | — | |||||||||||||||
Loans, net | 1,142,111 | 1,166,664 | — | — | 1,166,664 | ||||||||||||||||
Mortgage loans held-for-sale | 15,648 | 15,648 | — | — | 15,648 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits and securities sold under agreements to repurchase | 1,504,506 | 1,506,186 | — | — | 1,506,186 | ||||||||||||||||
Off-balance sheet instruments: | |||||||||||||||||||||
Commitments to extend credit | — | — | — | — | — | ||||||||||||||||
Standby letters of credit | — | — | — | — | — | ||||||||||||||||
(¹) | Estimated fair values are consistent with an exit-price concept. The assumptions used to estimate the fair values are intended to approximate those that a market-participant would realize in a hypothetical orderly transaction. |
Wilson_Bank_Holding_Company_Pa1
Wilson Bank Holding Company - Parent Company Financial Information (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||||||||||
Balance Sheets - Parent Company Only | ' | ||||||||||||||||||||
WILSON BANK HOLDING COMPANY | |||||||||||||||||||||
(Parent Company Only) | |||||||||||||||||||||
Balance Sheets | |||||||||||||||||||||
December 31, 2013 and 2012 | |||||||||||||||||||||
Dollars In Thousands | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Cash | $ | 2,662 | * | 1,337 | * | ||||||||||||||||
Investment in wholly-owned commercial bank subsidiary | 174,836 | 168,188 | |||||||||||||||||||
Refundable income taxes | 173 | 173 | |||||||||||||||||||
Total assets | $ | 177,671 | 169,698 | ||||||||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Stockholders’ equity: | |||||||||||||||||||||
Common stock, par value $2.00 per share, authorized 15,000,000 shares, 7,498,588 and 7,419,204 shares issued and outstanding, respectively | $ | 14,997 | 14,838 | ||||||||||||||||||
Additional paid-in capital | 54,519 | 51,242 | |||||||||||||||||||
Retained earnings | 112,451 | 101,046 | |||||||||||||||||||
Net unrealized gains (losses) on available-for-sale securities, net of income taxes of $2,666 and $1,595, respectively | (4,296 | ) | 2,572 | ||||||||||||||||||
Total stockholders’ equity | 177,671 | 169,698 | |||||||||||||||||||
Total liabilities and stockholders’ equity | $ | 177,671 | 169,698 | ||||||||||||||||||
* | Eliminated in consolidation. | ||||||||||||||||||||
Statements of Earnings and Comprehensive Earnings - Parent Company Only | ' | ||||||||||||||||||||
WILSON BANK HOLDING COMPANY | |||||||||||||||||||||
(Parent Company Only) | |||||||||||||||||||||
Statements of Earnings and Comprehensive Earnings | |||||||||||||||||||||
Three Years Ended December 31, 2013 | |||||||||||||||||||||
Dollars In Thousands | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Expenses: | |||||||||||||||||||||
Directors’ fees | $ | 337 | 319 | 346 | |||||||||||||||||
Other | 83 | 88 | 64 | ||||||||||||||||||
Loss before Federal income tax benefits and equity in undistributed earnings of commercial bank subsidiaries | (420 | ) | (407 | ) | (410 | ) | |||||||||||||||
Federal income tax benefits | 173 | 173 | 170 | ||||||||||||||||||
(247 | ) | (234 | ) | (240 | ) | ||||||||||||||||
Equity in undistributed earnings of commercial bank subsidiary | 16,116 | * | 12,382 | * | 10,290 | * | |||||||||||||||
Net earnings | 15,869 | 12,148 | 10,050 | ||||||||||||||||||
Other comprehensive earnings (losses), net of tax: | |||||||||||||||||||||
Net unrealized gains (losses) on available-for-sale-securities arising during period, net of taxes of $4,231, $1,158 and $2,685, respectively | (6,820 | ) | 1,867 | 4,330 | |||||||||||||||||
Reclassification adjustments for net gains included in net earnings, net of taxes of $30, $100 and $73, respectively | (48 | ) | (160 | ) | (119 | ) | |||||||||||||||
Other comprehensive earnings (losses) | (6,868 | ) | 1,707 | 4,211 | |||||||||||||||||
Comprehensive earnings | $ | 9,001 | 13,855 | 14,261 | |||||||||||||||||
* | Eliminated in consolidation. | ||||||||||||||||||||
Statements of Changes in Stockholders' Equity - Parent Company Only | ' | ||||||||||||||||||||
WILSON BANK HOLDING COMPANY | |||||||||||||||||||||
(Parent Company Only) | |||||||||||||||||||||
Statements of Changes in Stockholders’ Equity | |||||||||||||||||||||
Three Years Ended December 31, 2013 | |||||||||||||||||||||
Dollars In Thousands | |||||||||||||||||||||
Common | Additional | Retained | Net Unrealized | Total | |||||||||||||||||
Stock | Paid-In | Earnings | Gain (Loss) On | ||||||||||||||||||
Capital | Available-For- | ||||||||||||||||||||
Sale Securities | |||||||||||||||||||||
Balance December 31, 2010 | $ | 14,450 | 43,790 | 89,439 | (3,346 | ) | 144,333 | ||||||||||||||
Cash dividends declared, $.60 per share | — | — | (4,348 | ) | — | (4,348 | ) | ||||||||||||||
Issuance of 79,962 shares of stock pursuant to dividend reinvestment plan | 160 | 3,058 | — | — | 3,218 | ||||||||||||||||
6,148 common shares repurchased | (13 | ) | (237 | ) | — | — | (250 | ) | |||||||||||||
Issuance of 5,284 shares of stock pursuant to exercise of stock options | 11 | 99 | — | — | 110 | ||||||||||||||||
Share based compensation expense | — | 24 | — | — | 24 | ||||||||||||||||
Net change in unrealized gain on available-for-sale securities during the year, net of taxes of $2,612 | — | — | — | 4,211 | 4,211 | ||||||||||||||||
Net earnings for the year | — | — | 10,050 | — | 10,050 | ||||||||||||||||
Balance December 31, 2011 | 14,608 | 46,734 | 95,141 | 865 | 157,348 | ||||||||||||||||
Cash dividends declared, $.85 per share | — | — | (6,243 | ) | — | (6,243 | ) | ||||||||||||||
Issuance of 106,230 shares of stock pursuant to dividend reinvestment plan | 212 | 4,306 | — | — | 4,518 | ||||||||||||||||
Issuance of 8,788 shares of stock pursuant to exercise of stock options | 18 | 171 | — | — | 189 | ||||||||||||||||
Share based compensation expense | — | 31 | — | — | 31 | ||||||||||||||||
Net change in unrealized gain on available-for-sale securities during the year, net of taxes of $1,058 | — | — | — | 1,707 | 1,707 | ||||||||||||||||
Net earnings for the year | — | — | 12,148 | — | 12,148 | ||||||||||||||||
Balance December 31, 2012 | 14,838 | 51,242 | 101,046 | 2,572 | 169,698 | ||||||||||||||||
Cash dividends declared, $.60 per share | — | — | (4,464 | ) | — | (4,464 | ) | ||||||||||||||
Issuance of 73,411 shares of stock pursuant to dividend reinvestment plan | 147 | 3,101 | — | — | 3,248 | ||||||||||||||||
Issuance of 5,973 shares of stock pursuant to exercise of stock options | 12 | 144 | — | — | 156 | ||||||||||||||||
Share based compensation expense | — | 32 | — | — | 32 | ||||||||||||||||
Net change in unrealized loss on available-for-sale securities during the year, net of taxes of $4,261 | — | — | — | (6,868 | ) | (6,868 | ) | ||||||||||||||
Net earnings for the year | — | — | 15,869 | — | 15,869 | ||||||||||||||||
Balance December 31, 2013 | $ | 14,997 | 54,519 | 112,451 | (4,296 | ) | 177,671 | ||||||||||||||
Statements of Cash Flows - Parent Company Only | ' | ||||||||||||||||||||
WILSON BANK HOLDING COMPANY | |||||||||||||||||||||
(Parent Company Only) | |||||||||||||||||||||
Statements of Cash Flows | |||||||||||||||||||||
Three Years Ended December 31, 2013 | |||||||||||||||||||||
Increase (Decrease) in Cash and Cash Equivalents | |||||||||||||||||||||
Dollars In Thousands | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Cash flows from operating activities: | |||||||||||||||||||||
Cash paid to suppliers and other | $ | (388 | ) | (376 | ) | (386 | ) | ||||||||||||||
Tax benefits received | 173 | 170 | 164 | ||||||||||||||||||
Net cash used in operating activities | (215 | ) | (206 | ) | (222 | ) | |||||||||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Dividends received from commercial bank subsidiary | 2,600 | 1,500 | — | ||||||||||||||||||
Net cash provided by investing activities | 2,600 | 1,500 | — | ||||||||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Dividends paid | (4,464 | ) | (6,243 | ) | (4,348 | ) | |||||||||||||||
Proceeds from sale of stock pursuant to dividend reinvestment | 3,248 | 4,518 | 3,218 | ||||||||||||||||||
Proceeds from exercise of stock options | 156 | 189 | 110 | ||||||||||||||||||
Common shares repurchased | — | — | (249 | ) | |||||||||||||||||
Net cash used in financing activities | (1,060 | ) | (1,536 | ) | (1,269 | ) | |||||||||||||||
Net increase (decrease) in cash and cash equivalents | 1,325 | (242 | ) | (1,491 | ) | ||||||||||||||||
Cash and cash equivalents at beginning of year | 1,337 | 1,579 | 3,070 | ||||||||||||||||||
Cash and cash equivalents at end of year | $ | 2,662 | 1,337 | 1,579 | |||||||||||||||||
WILSON BANK HOLDING COMPANY | |||||||||||||||||||||
(Parent Company Only) | |||||||||||||||||||||
Statements of Cash Flows, Continued | |||||||||||||||||||||
Three Years Ended December 31, 2013 | |||||||||||||||||||||
Increase (Decrease) in Cash and Cash Equivalents | |||||||||||||||||||||
Dollars In Thousands | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Reconciliation of net earnings to net cash used in operating activities: | |||||||||||||||||||||
Net earnings | $ | 15,869 | 12,148 | 10,050 | |||||||||||||||||
Adjustments to reconcile net earnings to net cash used in operating activities: | |||||||||||||||||||||
Equity in earnings of commercial bank subsidiary | (16,116 | ) | (12,382 | ) | (10,290 | ) | |||||||||||||||
Decrease in refundable income taxes | — | (3 | ) | (6 | ) | ||||||||||||||||
Share based compensation expense | 32 | 31 | 24 | ||||||||||||||||||
Total adjustments | (16,084 | ) | (12,354 | ) | (10,272 | ) | |||||||||||||||
Net cash used in operating activities | $ | (215 | ) | (206 | ) | (222 | ) | ||||||||||||||
Quarterly_Financial_Data_Table
Quarterly Financial Data (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly Results of Operations for the Four Quarters | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Selected quarterly results of operations for the four quarters ended December 31 are as follows: | |||||||||||||||||||||||||||||||||||||||||||||||||
(In Thousands, except per share data) | |||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||||||||||||
Fourth | Third | Second | First | Fourth | Third | Second | First | Fourth | Third | Second | First | ||||||||||||||||||||||||||||||||||||||
Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | ||||||||||||||||||||||||||||||||||||||
Interest income | $ | 18,315 | 17,930 | 17,749 | 17,820 | 18,263 | 18,027 | 18,166 | 17,905 | 17,959 | 18,295 | 18,181 | 17,915 | ||||||||||||||||||||||||||||||||||||
Net interest income | 15,704 | 15,263 | 15,001 | 14,967 | 15,079 | 14,628 | 14,590 | 13,957 | 13,639 | 13,880 | 13,725 | 13,216 | |||||||||||||||||||||||||||||||||||||
Provision for loan losses | 15 | 738 | 755 | 669 | 2,655 | 2,407 | 2,210 | 2,256 | 1,629 | 2,462 | 2,618 | 1,969 | |||||||||||||||||||||||||||||||||||||
Earnings before income taxes | 6,514 | 7,115 | 6,684 | 4,862 | 4,267 | 5,643 | 5,122 | 4,631 | 3,917 | 4,365 | 4,283 | 4,030 | |||||||||||||||||||||||||||||||||||||
Net earnings | 4,163 | 4,481 | 4,247 | 2,978 | 2,715 | 3,459 | 3,149 | 2,825 | 2,296 | 2,663 | 2,615 | 2,476 | |||||||||||||||||||||||||||||||||||||
Basic earnings per common share | 0.56 | 0.6 | 0.57 | 0.4 | 0.37 | 0.47 | 0.43 | 0.39 | 0.31 | 0.37 | 0.36 | 0.34 | |||||||||||||||||||||||||||||||||||||
Diluted earnings per common share | 0.55 | 0.6 | 0.57 | 0.4 | 0.37 | 0.47 | 0.43 | 0.39 | 0.31 | 0.36 | 0.36 | 0.34 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Securities | |||
Component | |||
SecurityLoan | |||
Branch | |||
Significant Accounting Policies [Line Items] | ' | ' | ' |
Number of full service branches | 24 | ' | ' |
Loan review target | 100.00% | ' | ' |
Existing loan review, Aggregate | $1,000,000 | ' | ' |
New loan review, Aggregate | 500,000 | ' | ' |
Number of loans renewed | 4 | ' | ' |
Securities classified as trading securities | 0 | ' | ' |
Federal Home Loan Bank Stock minimum required investment | 2,495,000 | ' | ' |
Impairment loss recognized related to Goodwill | 0 | ' | ' |
Federal fund maturity period | '1 day | ' | ' |
Number of components of income tax expense | 2 | ' | ' |
Deferred income tax benefit realizable | 50.00% | ' | ' |
Tax benefit | 50.00% | ' | ' |
Advertising costs Incurred | 2,104,000 | 1,230,000 | 1,019,000 |
Other Comprehensive Income Reclassified From AOCI For Sale of Securities Net of Tax | $48,000 | $160,000 | $119,000 |
Mortgage and Commercial Loans [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Accruing loans past due period | '90 days | ' | ' |
Credit Card Loans and Other Personal Loans [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Accruing loans past due period | '180 days | ' | ' |
Residential 1-4 Family [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Percentage of Investment | 28.00% | 29.00% | ' |
Commercial Real Estate [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Percentage of Investment | 44.00% | 40.00% | ' |
Construction Mortgage Loans [Member] | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' |
Percentage of Investment | 16.00% | 16.00% | ' |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses - Schedule of Details on the Loans of the Company (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Mortgage loans on real estate: | ' | ' |
Total mortgage loans on real estate | $1,134,503 | $1,093,286 |
Commercial loans | 29,444 | 30,545 |
Agriculture loans | 2,099 | 2,238 |
Consumer installment loans: | ' | ' |
Total consumer installment loans | 41,118 | 41,713 |
Other loans | 3,291 | 2,738 |
Gross Loan and Leases Receivable | 1,210,455 | 1,170,520 |
Net deferred loan fees | -3,253 | -2,912 |
Total loans | 1,207,202 | 1,167,608 |
Less: Allowance for loan losses | -22,935 | -25,497 |
Loans, net | 1,184,267 | 1,142,111 |
Residential 1-4 Family [Member] | ' | ' |
Mortgage loans on real estate: | ' | ' |
Total mortgage loans on real estate | 332,432 | 341,977 |
Consumer installment loans: | ' | ' |
Gross Loan and Leases Receivable | 332,432 | 341,977 |
Multifamily [Member] | ' | ' |
Mortgage loans on real estate: | ' | ' |
Total mortgage loans on real estate | 13,920 | 16,140 |
Consumer installment loans: | ' | ' |
Gross Loan and Leases Receivable | 13,920 | 16,140 |
Commercial [Member] | ' | ' |
Mortgage loans on real estate: | ' | ' |
Total mortgage loans on real estate | 526,258 | 469,757 |
Consumer installment loans: | ' | ' |
Gross Loan and Leases Receivable | 29,444 | 30,545 |
Construction [Member] | ' | ' |
Mortgage loans on real estate: | ' | ' |
Total mortgage loans on real estate | 194,426 | 190,356 |
Consumer installment loans: | ' | ' |
Gross Loan and Leases Receivable | 194,426 | 190,356 |
Farmland [Member] | ' | ' |
Mortgage loans on real estate: | ' | ' |
Total mortgage loans on real estate | 22,771 | 26,319 |
Consumer installment loans: | ' | ' |
Gross Loan and Leases Receivable | 22,771 | 26,319 |
Second Mortgages [Member] | ' | ' |
Mortgage loans on real estate: | ' | ' |
Total mortgage loans on real estate | 10,511 | 12,477 |
Consumer installment loans: | ' | ' |
Gross Loan and Leases Receivable | 10,511 | 12,477 |
Equity Lines of Credit [Member] | ' | ' |
Mortgage loans on real estate: | ' | ' |
Total mortgage loans on real estate | 34,185 | 36,260 |
Consumer installment loans: | ' | ' |
Gross Loan and Leases Receivable | 34,185 | 36,260 |
Personal [Member] | ' | ' |
Consumer installment loans: | ' | ' |
Total consumer installment loans | 37,789 | 38,463 |
Credit Cards [Member] | ' | ' |
Consumer installment loans: | ' | ' |
Total consumer installment loans | $3,329 | $3,250 |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' |
Variable rate loans | $771,739,000 | $753,501,000 | $771,739,000 | $753,501,000 | ' |
Fixed rate loans | 435,463,000 | 414,107,000 | 435,463,000 | 414,107,000 | ' |
Prevailing interest rate loans | 10,821,000 | 9,309,000 | 10,821,000 | 9,309,000 | 9,872,000 |
Fees paid to director | ' | ' | 237,000 | 364,000 | 198,000 |
Nonaccrual loans interest lost | ' | ' | 296,000 | 775,000 | ' |
Troubled debt restructurings subsequently default within twelve months | 0 | 0 | ' | ' | ' |
Loans in secondary market | 109,131,000 | 135,107,000 | 109,131,000 | 135,107,000 | 111,040,000 |
Gain on sale of loans in secondary market | ' | ' | 3,298,000 | 3,602,000 | 2,069,000 |
Loans sold with recourse | 111,914,000 | 131,322,000 | 111,914,000 | 131,322,000 | ' |
Nonperforming Financing Receivable [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' |
Potential problem loans | $38,000,000 | $49,400,000 | $38,000,000 | $49,400,000 | ' |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses - Schedule of Loans and Leases Receivable Related Parties (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Receivables [Abstract] | ' | ' |
Balance, January 1 | $9,309,000 | $9,872,000 |
New loans and renewals during the year | 9,984,000 | 5,735,000 |
Repayments (including loans paid by renewal) during the year | -8,472,000 | -6,298,000 |
Balance, December 31 | $10,821,000 | $9,309,000 |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses - Company's Impaired Loans (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | $27,025 | $40,986 |
Unpaid Principal Balance | 28,887 | 44,286 |
Related Allowance | 4,516 | 6,861 |
Average Recorded Investment | 34,629 | 49,062 |
Interest Income Recognized | 755 | 1,317 |
With No Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 9,590 | 10,415 |
Unpaid Principal Balance | 9,602 | 13,715 |
Related Allowance | ' | ' |
Average Recorded Investment | 9,679 | 16,478 |
Interest Income Recognized | 287 | 355 |
With Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 17,435 | 30,571 |
Unpaid Principal Balance | 19,285 | 30,571 |
Related Allowance | 4,516 | 6,861 |
Average Recorded Investment | 24,950 | 32,584 |
Interest Income Recognized | 468 | 962 |
Residential 1-4 Family [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 4,329 | 9,368 |
Unpaid Principal Balance | 4,590 | 9,368 |
Related Allowance | 1,150 | 1,318 |
Average Recorded Investment | 8,054 | 10,218 |
Interest Income Recognized | 203 | 540 |
Residential 1-4 Family [Member] | With No Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 357 | 3,418 |
Unpaid Principal Balance | 404 | 3,418 |
Related Allowance | ' | ' |
Average Recorded Investment | 2,947 | 4,134 |
Interest Income Recognized | 16 | 215 |
Residential 1-4 Family [Member] | With Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 3,972 | 5,950 |
Unpaid Principal Balance | 4,186 | 5,950 |
Related Allowance | 1,150 | 1,318 |
Average Recorded Investment | 5,107 | 6,084 |
Interest Income Recognized | 187 | 325 |
Multifamily [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | 103 |
Interest Income Recognized | ' | ' |
Multifamily [Member] | With No Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | 103 |
Interest Income Recognized | ' | ' |
Multifamily [Member] | With Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 17,823 | 16,943 |
Unpaid Principal Balance | 19,425 | 17,943 |
Related Allowance | 2,300 | 2,319 |
Average Recorded Investment | 15,584 | 19,951 |
Interest Income Recognized | 524 | 575 |
Commercial Real Estate [Member] | With No Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 7,234 | 4,439 |
Unpaid Principal Balance | 7,199 | 5,439 |
Related Allowance | ' | ' |
Average Recorded Investment | 3,750 | 5,371 |
Interest Income Recognized | 260 | 66 |
Commercial Real Estate [Member] | With Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 10,589 | 12,504 |
Unpaid Principal Balance | 12,226 | 12,504 |
Related Allowance | 2,300 | 2,319 |
Average Recorded Investment | 11,834 | 14,580 |
Interest Income Recognized | 264 | 509 |
Construction [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 3,806 | 10,915 |
Unpaid Principal Balance | 3,806 | 13,215 |
Related Allowance | 950 | 2,014 |
Average Recorded Investment | 8,124 | 14,337 |
Interest Income Recognized | 11 | 126 |
Construction [Member] | With No Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 1,393 | 1,952 |
Unpaid Principal Balance | 1,393 | 4,252 |
Related Allowance | ' | ' |
Average Recorded Investment | 2,265 | 6,166 |
Interest Income Recognized | 11 | 74 |
Construction [Member] | With Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 2,413 | 8,963 |
Unpaid Principal Balance | 2,413 | 8,963 |
Related Allowance | 950 | 2,014 |
Average Recorded Investment | 5,859 | 8,171 |
Interest Income Recognized | ' | 52 |
Farmland [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 131 | 2,826 |
Unpaid Principal Balance | 131 | 2,826 |
Related Allowance | 57 | 1,160 |
Average Recorded Investment | 1,818 | 3,192 |
Interest Income Recognized | 8 | 57 |
Farmland [Member] | With No Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | 37 |
Interest Income Recognized | ' | ' |
Farmland [Member] | With Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 131 | 2,826 |
Unpaid Principal Balance | 131 | 2,826 |
Related Allowance | 57 | 1,160 |
Average Recorded Investment | 1,818 | 3,155 |
Interest Income Recognized | 8 | 57 |
Second Mortgages [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 762 | 762 |
Unpaid Principal Balance | 761 | 762 |
Related Allowance | 49 | 47 |
Average Recorded Investment | 822 | 822 |
Interest Income Recognized | ' | 10 |
Second Mortgages [Member] | With No Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 606 | 606 |
Unpaid Principal Balance | 606 | 606 |
Related Allowance | ' | ' |
Average Recorded Investment | 665 | 667 |
Interest Income Recognized | ' | ' |
Second Mortgages [Member] | With Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 156 | 156 |
Unpaid Principal Balance | 155 | 156 |
Related Allowance | 49 | 47 |
Average Recorded Investment | 157 | 155 |
Interest Income Recognized | ' | 10 |
Equity Lines of Credit [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 174 | 172 |
Unpaid Principal Balance | 174 | 172 |
Related Allowance | 10 | 3 |
Average Recorded Investment | 175 | 223 |
Interest Income Recognized | 9 | 9 |
Equity Lines of Credit [Member] | With No Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
Equity Lines of Credit [Member] | With Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 174 | 172 |
Unpaid Principal Balance | 174 | 172 |
Related Allowance | 10 | 3 |
Average Recorded Investment | 175 | 223 |
Interest Income Recognized | 9 | 9 |
Commercial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | 52 | 216 |
Interest Income Recognized | ' | ' |
Commercial [Member] | With No Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | 52 | ' |
Interest Income Recognized | ' | ' |
Commercial [Member] | With Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | 216 |
Interest Income Recognized | ' | ' |
Agricultural [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
Agricultural [Member] | With No Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
Agricultural [Member] | With Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses - Loans on Nonaccrual Status (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans on Nonaccrual Status, Total | $5,577 | $16,855 |
Residential 1-4 Family [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans on Nonaccrual Status, Total | 726 | 930 |
Multifamily [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans on Nonaccrual Status, Total | ' | ' |
Commercial Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans on Nonaccrual Status, Total | 21 | 4,445 |
Construction [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans on Nonaccrual Status, Total | 3,524 | 9,626 |
Farmland [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans on Nonaccrual Status, Total | 700 | 1,248 |
Second Mortgages [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans on Nonaccrual Status, Total | 606 | 606 |
Equity Lines of Credit [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans on Nonaccrual Status, Total | ' | ' |
Commercial [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans on Nonaccrual Status, Total | ' | ' |
Agricultural [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans on Nonaccrual Status, Total | ' | ' |
Agricultural Installment and Other [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans on Nonaccrual Status, Total | ' | ' |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses - Credit Quality Indicators (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | $1,210,455 | $1,170,520 |
Pass [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 1,172,503 | 1,121,102 |
Special Mention [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 16,110 | 16,981 |
Substandard [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 21,842 | 32,437 |
Doubtful [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Residential 1-4 Family [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 332,432 | 341,977 |
Residential 1-4 Family [Member] | Pass [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 319,762 | 326,648 |
Residential 1-4 Family [Member] | Special Mention [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 9,460 | 9,969 |
Residential 1-4 Family [Member] | Substandard [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 3,210 | 5,360 |
Residential 1-4 Family [Member] | Doubtful [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Multifamily [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 13,920 | 16,140 |
Multifamily [Member] | Pass [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 13,920 | 16,087 |
Multifamily [Member] | Special Mention [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | 53 |
Multifamily [Member] | Substandard [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Multifamily [Member] | Doubtful [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Commercial Real Estate [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 526,258 | 469,757 |
Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 507,769 | 452,350 |
Commercial Real Estate [Member] | Special Mention [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 5,308 | 5,699 |
Commercial Real Estate [Member] | Substandard [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 13,181 | 11,708 |
Commercial Real Estate [Member] | Doubtful [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Construction [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 194,426 | 190,356 |
Construction [Member] | Pass [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 190,083 | 179,114 |
Construction [Member] | Special Mention [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 367 | 282 |
Construction [Member] | Substandard [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 3,976 | 10,960 |
Construction [Member] | Doubtful [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Farmland [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 22,771 | 26,319 |
Farmland [Member] | Pass [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 22,324 | 23,253 |
Farmland [Member] | Special Mention [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 64 | 71 |
Farmland [Member] | Substandard [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 383 | 2,995 |
Farmland [Member] | Doubtful [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Second Mortgages [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 10,511 | 12,477 |
Second Mortgages [Member] | Pass [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 9,135 | 11,123 |
Second Mortgages [Member] | Special Mention [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 665 | 477 |
Second Mortgages [Member] | Substandard [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 711 | 877 |
Second Mortgages [Member] | Doubtful [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Equity Lines of Credit [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 34,185 | 36,260 |
Equity Lines of Credit [Member] | Pass [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 33,964 | 35,756 |
Equity Lines of Credit [Member] | Special Mention [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 174 | 295 |
Equity Lines of Credit [Member] | Substandard [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 47 | 209 |
Equity Lines of Credit [Member] | Doubtful [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Commercial [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 29,444 | 30,545 |
Commercial [Member] | Pass [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 29,298 | 30,499 |
Commercial [Member] | Special Mention [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 26 | 32 |
Commercial [Member] | Substandard [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 120 | 14 |
Commercial [Member] | Doubtful [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Agricultural [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 2,099 | 2,238 |
Agricultural [Member] | Pass [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 2,089 | 2,215 |
Agricultural [Member] | Special Mention [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 3 | 5 |
Agricultural [Member] | Substandard [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 7 | 18 |
Agricultural [Member] | Doubtful [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Installment and Other [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 44,409 | 44,451 |
Installment and Other [Member] | Pass [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 44,159 | 44,057 |
Installment and Other [Member] | Special Mention [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 43 | 98 |
Installment and Other [Member] | Substandard [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | 207 | 296 |
Installment and Other [Member] | Doubtful [Member] | ' | ' |
Credit Risk Profile by Internally Assigned Grade | ' | ' |
Total Loans | ' | ' |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses - Age Analysis of Past Due Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | $7,009 | $9,226 |
60-89 Days Past Due | 402 | 2,620 |
Nonaccrual and Greater Than 90 Days | 7,710 | 17,774 |
Total Past Due | 15,121 | 29,620 |
Current | 1,195,334 | 1,140,900 |
Gross Loan and Leases Receivable | 1,210,455 | 1,170,520 |
Recorded Investment Greater Than 90 Days and Accruing | 2,133 | 919 |
Residential 1-4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 5,034 | 5,297 |
60-89 Days Past Due | 221 | 1,448 |
Nonaccrual and Greater Than 90 Days | 1,582 | 1,524 |
Total Past Due | 6,837 | 8,269 |
Current | 325,595 | 333,708 |
Gross Loan and Leases Receivable | 332,432 | 341,977 |
Recorded Investment Greater Than 90 Days and Accruing | 856 | 594 |
Multifamily [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Nonaccrual and Greater Than 90 Days | ' | ' |
Total Past Due | ' | ' |
Current | 13,920 | 16,140 |
Gross Loan and Leases Receivable | 13,920 | 16,140 |
Recorded Investment Greater Than 90 Days and Accruing | ' | ' |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 287 | 1,599 |
60-89 Days Past Due | 19 | 710 |
Nonaccrual and Greater Than 90 Days | 710 | 4,470 |
Total Past Due | 1,016 | 6,779 |
Current | 525,242 | 462,978 |
Gross Loan and Leases Receivable | 526,258 | 469,757 |
Recorded Investment Greater Than 90 Days and Accruing | 689 | 25 |
Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 948 | 796 |
60-89 Days Past Due | 20 | 72 |
Nonaccrual and Greater Than 90 Days | 3,795 | 9,650 |
Total Past Due | 4,763 | 10,518 |
Current | 189,663 | 179,838 |
Gross Loan and Leases Receivable | 194,426 | 190,356 |
Recorded Investment Greater Than 90 Days and Accruing | 271 | 24 |
Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 8 | 260 |
60-89 Days Past Due | ' | 43 |
Nonaccrual and Greater Than 90 Days | 700 | 1,248 |
Total Past Due | 708 | 1,551 |
Current | 22,063 | 24,768 |
Gross Loan and Leases Receivable | 22,771 | 26,319 |
Recorded Investment Greater Than 90 Days and Accruing | ' | ' |
Second Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 78 | 396 |
60-89 Days Past Due | ' | 7 |
Nonaccrual and Greater Than 90 Days | 611 | 677 |
Total Past Due | 689 | 1,080 |
Current | 9,822 | 11,397 |
Gross Loan and Leases Receivable | 10,511 | 12,477 |
Recorded Investment Greater Than 90 Days and Accruing | 5 | 71 |
Equity Lines of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 48 | 186 |
60-89 Days Past Due | 27 | 173 |
Nonaccrual and Greater Than 90 Days | ' | 46 |
Total Past Due | 75 | 405 |
Current | 34,110 | 35,855 |
Gross Loan and Leases Receivable | 34,185 | 36,260 |
Recorded Investment Greater Than 90 Days and Accruing | ' | 46 |
Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 122 | 204 |
60-89 Days Past Due | ' | 24 |
Nonaccrual and Greater Than 90 Days | 285 | 54 |
Total Past Due | 407 | 282 |
Current | 29,037 | 30,263 |
Gross Loan and Leases Receivable | 29,444 | 30,545 |
Recorded Investment Greater Than 90 Days and Accruing | 285 | 54 |
Agricultural Installment and Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 484 | 488 |
60-89 Days Past Due | 115 | 143 |
Nonaccrual and Greater Than 90 Days | 27 | 105 |
Total Past Due | 626 | 736 |
Current | 45,882 | 45,953 |
Gross Loan and Leases Receivable | 46,508 | 46,689 |
Recorded Investment Greater Than 90 Days and Accruing | $27 | $105 |
Loans_and_Allowance_for_Loan_L9
Loans and Allowance for Loan Losses - Transactions in the Allowance for Loan Losses (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | $25,497 | ' | ' | ' | $24,525 | ' | ' | ' | ' | $25,497 | $24,525 | ' |
Provision | 15 | 738 | 755 | 669 | 2,655 | 2,407 | 2,210 | 2,256 | 1,629 | 2,462 | 2,618 | 1,969 | 2,177 | 9,528 | 8,678 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,247 | -9,158 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 508 | 602 | ' |
Ending balance | 22,935 | ' | ' | ' | 25,497 | ' | ' | ' | 24,525 | ' | ' | ' | 22,935 | 25,497 | 24,525 |
Ending balance individually evaluated for impairment | 4,516 | ' | ' | ' | 6,861 | ' | ' | ' | ' | ' | ' | ' | 4,516 | 6,861 | ' |
Ending balance collectively evaluated for impairment | 18,419 | ' | ' | ' | 18,636 | ' | ' | ' | ' | ' | ' | ' | 18,419 | 18,636 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 1,210,455 | ' | ' | ' | 1,170,520 | ' | ' | ' | ' | ' | ' | ' | 1,210,455 | 1,170,520 | ' |
Ending balance individually evaluated for impairment | 26,896 | ' | ' | ' | 40,986 | ' | ' | ' | ' | ' | ' | ' | 26,896 | 40,986 | ' |
Ending balance collectively evaluated for impairment | 1,183,559 | ' | ' | ' | 1,129,534 | ' | ' | ' | ' | ' | ' | ' | 1,183,559 | 1,129,534 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Residential 1-4 Family [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 5,699 | ' | ' | ' | 5,414 | ' | ' | ' | ' | 5,699 | 5,414 | ' |
Provision | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36 | 1,557 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -877 | -1,331 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 77 | 59 | ' |
Ending balance | 4,935 | ' | ' | ' | 5,699 | ' | ' | ' | ' | ' | ' | ' | 4,935 | 5,699 | ' |
Ending balance individually evaluated for impairment | 1,150 | ' | ' | ' | 1,318 | ' | ' | ' | ' | ' | ' | ' | 1,150 | 1,318 | ' |
Ending balance collectively evaluated for impairment | 3,785 | ' | ' | ' | 4,381 | ' | ' | ' | ' | ' | ' | ' | 3,785 | 4,381 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 332,432 | ' | ' | ' | 341,977 | ' | ' | ' | ' | ' | ' | ' | 332,432 | 341,977 | ' |
Ending balance individually evaluated for impairment | 4,303 | ' | ' | ' | 9,368 | ' | ' | ' | ' | ' | ' | ' | 4,303 | 9,368 | ' |
Ending balance collectively evaluated for impairment | 328,129 | ' | ' | ' | 332,609 | ' | ' | ' | ' | ' | ' | ' | 328,129 | 332,609 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Multifamily [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 89 | ' | ' | ' | 54 | ' | ' | ' | ' | 89 | 54 | ' |
Provision | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -12 | 35 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 77 | ' | ' | ' | 89 | ' | ' | ' | ' | ' | ' | ' | 77 | 89 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 77 | ' | ' | ' | 89 | ' | ' | ' | ' | ' | ' | ' | 77 | 89 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 13,920 | ' | ' | ' | 16,140 | ' | ' | ' | ' | ' | ' | ' | 13,920 | 16,140 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 13,920 | ' | ' | ' | 16,140 | ' | ' | ' | ' | ' | ' | ' | 13,920 | 16,140 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 9,305 | ' | ' | ' | 8,242 | ' | ' | ' | ' | 9,305 | 8,242 | ' |
Provision | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,063 | 5,021 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,478 | -4,057 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28 | 99 | ' |
Ending balance | 10,918 | ' | ' | ' | 9,305 | ' | ' | ' | ' | ' | ' | ' | 10,918 | 9,305 | ' |
Ending balance individually evaluated for impairment | 2,300 | ' | ' | ' | 2,319 | ' | ' | ' | ' | ' | ' | ' | 2,300 | 2,319 | ' |
Ending balance collectively evaluated for impairment | 8,618 | ' | ' | ' | 6,986 | ' | ' | ' | ' | ' | ' | ' | 8,618 | 6,986 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 526,258 | ' | ' | ' | 469,757 | ' | ' | ' | ' | ' | ' | ' | 526,258 | 469,757 | ' |
Ending balance individually evaluated for impairment | 17,722 | ' | ' | ' | 16,943 | ' | ' | ' | ' | ' | ' | ' | 17,722 | 16,943 | ' |
Ending balance collectively evaluated for impairment | 508,536 | ' | ' | ' | 452,814 | ' | ' | ' | ' | ' | ' | ' | 508,536 | 452,814 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 7,191 | ' | ' | ' | 6,223 | ' | ' | ' | ' | 7,191 | 6,223 | ' |
Provision | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -741 | 3,020 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,470 | -2,226 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 179 | 174 | ' |
Ending balance | 5,159 | ' | ' | ' | 7,191 | ' | ' | ' | ' | ' | ' | ' | 5,159 | 7,191 | ' |
Ending balance individually evaluated for impairment | 950 | ' | ' | ' | 2,014 | ' | ' | ' | ' | ' | ' | ' | 950 | 2,014 | ' |
Ending balance collectively evaluated for impairment | 4,209 | ' | ' | ' | 5,177 | ' | ' | ' | ' | ' | ' | ' | 4,209 | 5,177 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 194,426 | ' | ' | ' | 190,356 | ' | ' | ' | ' | ' | ' | ' | 194,426 | 190,356 | ' |
Ending balance individually evaluated for impairment | 3,806 | ' | ' | ' | 10,915 | ' | ' | ' | ' | ' | ' | ' | 3,806 | 10,915 | ' |
Ending balance collectively evaluated for impairment | 190,620 | ' | ' | ' | 179,441 | ' | ' | ' | ' | ' | ' | ' | 190,620 | 179,441 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Farmland [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 1,658 | ' | ' | ' | 1,829 | ' | ' | ' | ' | 1,658 | 1,829 | ' |
Provision | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -266 | 284 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -781 | -462 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7 | 7 | ' |
Ending balance | 618 | ' | ' | ' | 1,658 | ' | ' | ' | ' | ' | ' | ' | 618 | 1,658 | ' |
Ending balance individually evaluated for impairment | 57 | ' | ' | ' | 1,160 | ' | ' | ' | ' | ' | ' | ' | 57 | 1,160 | ' |
Ending balance collectively evaluated for impairment | 561 | ' | ' | ' | 498 | ' | ' | ' | ' | ' | ' | ' | 561 | 498 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 22,771 | ' | ' | ' | 26,319 | ' | ' | ' | ' | ' | ' | ' | 22,771 | 26,319 | ' |
Ending balance individually evaluated for impairment | 130 | ' | ' | ' | 2,826 | ' | ' | ' | ' | ' | ' | ' | 130 | 2,826 | ' |
Ending balance collectively evaluated for impairment | 22,641 | ' | ' | ' | 23,493 | ' | ' | ' | ' | ' | ' | ' | 22,641 | 23,493 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Second Mortgages [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 272 | ' | ' | ' | 326 | ' | ' | ' | ' | 272 | 326 | ' |
Provision | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -70 | 62 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -7 | -120 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 4 | ' |
Ending balance | 205 | ' | ' | ' | 272 | ' | ' | ' | ' | ' | ' | ' | 205 | 272 | ' |
Ending balance individually evaluated for impairment | 49 | ' | ' | ' | 47 | ' | ' | ' | ' | ' | ' | ' | 49 | 47 | ' |
Ending balance collectively evaluated for impairment | 156 | ' | ' | ' | 225 | ' | ' | ' | ' | ' | ' | ' | 156 | 225 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 10,511 | ' | ' | ' | 12,477 | ' | ' | ' | ' | ' | ' | ' | 10,511 | 12,477 | ' |
Ending balance individually evaluated for impairment | 761 | ' | ' | ' | 762 | ' | ' | ' | ' | ' | ' | ' | 761 | 762 | ' |
Ending balance collectively evaluated for impairment | 9,750 | ' | ' | ' | 11,715 | ' | ' | ' | ' | ' | ' | ' | 9,750 | 11,715 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Lines of Credit [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 492 | ' | ' | ' | 653 | ' | ' | ' | ' | 492 | 653 | ' |
Provision | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -89 | -65 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -104 | -96 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' |
Ending balance | 300 | ' | ' | ' | 492 | ' | ' | ' | ' | ' | ' | ' | 300 | 492 | ' |
Ending balance individually evaluated for impairment | 10 | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | 10 | 3 | ' |
Ending balance collectively evaluated for impairment | 290 | ' | ' | ' | 489 | ' | ' | ' | ' | ' | ' | ' | 290 | 489 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 34,185 | ' | ' | ' | 36,260 | ' | ' | ' | ' | ' | ' | ' | 34,185 | 36,260 | ' |
Ending balance individually evaluated for impairment | 174 | ' | ' | ' | 172 | ' | ' | ' | ' | ' | ' | ' | 174 | 172 | ' |
Ending balance collectively evaluated for impairment | 34,011 | ' | ' | ' | 36,088 | ' | ' | ' | ' | ' | ' | ' | 34,011 | 36,088 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commercial [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 382 | ' | ' | ' | 1,309 | ' | ' | ' | ' | 382 | 1,309 | ' |
Provision | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 131 | -544 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -149 | -454 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31 | 71 | ' |
Ending balance | 395 | ' | ' | ' | 382 | ' | ' | ' | ' | ' | ' | ' | 395 | 382 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 395 | ' | ' | ' | 382 | ' | ' | ' | ' | ' | ' | ' | 395 | 382 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 29,444 | ' | ' | ' | 30,545 | ' | ' | ' | ' | ' | ' | ' | 29,444 | 30,545 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 29,444 | ' | ' | ' | 30,545 | ' | ' | ' | ' | ' | ' | ' | 29,444 | 30,545 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Agricultural [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 15 | ' | ' | ' | 19 | ' | ' | ' | ' | 15 | 19 | ' |
Provision | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -14 | -4 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1 | ' | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7 | ' | ' |
Ending balance | 7 | ' | ' | ' | 15 | ' | ' | ' | ' | ' | ' | ' | 7 | 15 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 7 | ' | ' | ' | 15 | ' | ' | ' | ' | ' | ' | ' | 7 | 15 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 2,099 | ' | ' | ' | 2,238 | ' | ' | ' | ' | ' | ' | ' | 2,099 | 2,238 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 2,099 | ' | ' | ' | 2,238 | ' | ' | ' | ' | ' | ' | ' | 2,099 | 2,238 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Installment and Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 394 | ' | ' | ' | 456 | ' | ' | ' | ' | 394 | 456 | ' |
Provision | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 139 | 162 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -380 | -412 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 168 | 188 | ' |
Ending balance | 321 | ' | ' | ' | 394 | ' | ' | ' | ' | ' | ' | ' | 321 | 394 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 321 | ' | ' | ' | 394 | ' | ' | ' | ' | ' | ' | ' | 321 | 394 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 44,409 | ' | ' | ' | 44,451 | ' | ' | ' | ' | ' | ' | ' | 44,409 | 44,451 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 44,409 | ' | ' | ' | 44,451 | ' | ' | ' | ' | ' | ' | ' | 44,409 | 44,451 | ' |
Ending balance loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recovered_Sheet1
Loans and Allowance for Loan Losses - Troubled Debt Restructuring Categorized by Loan (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Contract | Contract | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 12 | 9 |
Pre Modification Outstanding Recorded Investment | $6,641 | $7,396 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | 4,410 | 5,140 |
Residential 1-4 Family [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 6 | 1 |
Pre Modification Outstanding Recorded Investment | 800 | 365 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | 800 | 275 |
Multifamily [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre Modification Outstanding Recorded Investment | ' | ' |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | ' | ' |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 2 | 1 |
Pre Modification Outstanding Recorded Investment | 5,522 | 416 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | 3,291 | 355 |
Construction [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 1 | 4 |
Pre Modification Outstanding Recorded Investment | 282 | 5,153 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | 282 | 3,898 |
Farmland [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Pre Modification Outstanding Recorded Investment | ' | 1,445 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | ' | 595 |
Second Mortgages [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 1 | ' |
Pre Modification Outstanding Recorded Investment | 24 | ' |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | 24 | ' |
Equity Lines of Credit [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre Modification Outstanding Recorded Investment | ' | ' |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | ' | ' |
Commercial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | ' |
Pre Modification Outstanding Recorded Investment | ' | ' |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | ' | ' |
Agricultural Installment and Other [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 2 | 2 |
Pre Modification Outstanding Recorded Investment | 13 | 17 |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $13 | $17 |
Debt_and_Equity_Securities_Sum
Debt and Equity Securities - Summary of Debt and Equity Securities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary Of Debt And Equity Securities [Line Items] | ' | ' |
Held-To-Maturity Securities, Amortized Cost | $26,823 | $15,508 |
Held-To-Maturity Securities, Gross Unrealized Gains | 497 | 809 |
Held-To-Maturity Securities, Gross Unrealized Losses | 759 | ' |
Held-To-Maturity Securities, Estimated Market Value | 26,561 | 16,317 |
Available-for-sale, amortized cost | 336,335 | 313,111 |
Available-for-sale, Gross Unrealized Gains | 889 | 4,283 |
Available-for-sale, Gross Unrealized Losses | 7,851 | 116 |
Available-for-sale securities, Estimated Market Value | 329,373 | 317,278 |
US Government-Sponsored Enterprises [Member] | ' | ' |
Summary Of Debt And Equity Securities [Line Items] | ' | ' |
Available-for-sale, amortized cost | ' | 122,110 |
Available-for-sale, Gross Unrealized Gains | ' | 643 |
Available-for-sale, Gross Unrealized Losses | ' | 55 |
Available-for-sale securities, Estimated Market Value | ' | 122,698 |
GSE Residential Mortgage Backed [Member] | ' | ' |
Summary Of Debt And Equity Securities [Line Items] | ' | ' |
Held-To-Maturity Securities, Amortized Cost | 8,649 | 2,918 |
Held-To-Maturity Securities, Gross Unrealized Gains | 73 | 122 |
Held-To-Maturity Securities, Gross Unrealized Losses | 520 | ' |
Held-To-Maturity Securities, Estimated Market Value | 8,202 | 3,040 |
Available-for-sale, amortized cost | 175,855 | 177,787 |
Available-for-sale, Gross Unrealized Gains | 808 | 3,373 |
Available-for-sale, Gross Unrealized Losses | 1,481 | 32 |
Available-for-sale securities, Estimated Market Value | 175,182 | 181,128 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Summary Of Debt And Equity Securities [Line Items] | ' | ' |
Held-To-Maturity Securities, Amortized Cost | 18,174 | 12,590 |
Held-To-Maturity Securities, Gross Unrealized Gains | 424 | 687 |
Held-To-Maturity Securities, Gross Unrealized Losses | 239 | ' |
Held-To-Maturity Securities, Estimated Market Value | 18,359 | 13,277 |
Available-for-sale, amortized cost | 13,711 | 13,214 |
Available-for-sale, Gross Unrealized Gains | 71 | 267 |
Available-for-sale, Gross Unrealized Losses | 409 | 29 |
Available-for-sale securities, Estimated Market Value | 13,373 | 13,452 |
US Government-Sponsored Enterprises and Agency Backed Securities [Member] | ' | ' |
Summary Of Debt And Equity Securities [Line Items] | ' | ' |
Available-for-sale, amortized cost | 146,769 | ' |
Available-for-sale, Gross Unrealized Gains | 10 | ' |
Available-for-sale, Gross Unrealized Losses | 5,961 | ' |
Available-for-sale securities, Estimated Market Value | $140,818 | ' |
Debt_and_Equity_Securities_Add
Debt and Equity Securities - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' |
Collateralized mortgage obligations | $5,617,000 | $9,262,000 |
Collateralized mortgage obligations, fair value | 5,674,000 | 9,357,000 |
Securities pledged to secure public deposits | 156,443,000 | 125,593,000 |
Market value of securities pledged to secure public deposits | 151,345,000 | 126,758,000 |
Securities in obligations of political subdivisions | 18,391,000 | 12,807,000 |
Market value of securities in obligations of political subdivisions | 18,545,000 | 13,475,000 |
Securities adjust prior to maturity | 12,000 | 16,000 |
Market value of securities that have rates that adjust prior to maturity | $12,000 | $16,000 |
Debt_and_Equity_Securities_Mat
Debt and Equity Securities - Maturity of Amortized Cost and Estimated Market Value of Debt Securities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule Of Held To Maturity And Available For Sale Securities [Line Items] | ' | ' |
Held-to-maturity, Due in one year or less, Amortized Cost | $660 | ' |
Held-to-maturity, Due after one year through five years, Amortized Cost | 8,322 | ' |
Held-to-maturity, Due after five years through ten years, Amortized Cost | 5,386 | ' |
Held-to-maturity, Due after ten years, Amortized Cost | 3,806 | ' |
Held-to-maturity, Gross Amortized Cost | 26,823 | 15,508 |
Held-to-maturity, Mortgage-backed securities, Amortized Cost | 8,649 | ' |
Held-to-maturity, Amortized Cost | 26,823 | 15,508 |
Held-to-maturity, Due in one year or less, Estimated Market Value | 664 | ' |
Held-to-maturity, Due after one year through five years, Estimated Market Value | 8,599 | ' |
Held-to-maturity, Due after five years through ten years, Estimated Market Value | 5,418 | ' |
Held-to-maturity, Due after ten years, Estimated Market Value | 3,678 | ' |
Held-to-maturity, Mortgage-backed securities, Estimated Market Value | 8,202 | ' |
Held-to-maturity, Estimated Market Value | 26,561 | 16,317 |
Available-for-sale securities, Due in one year or less, Amortized Cost | 4,091 | ' |
Available-for-sale securities, Due after one year through five years, Amortized Cost | 45,989 | ' |
Available-for-sale securities, Due after five years through ten years, Amortized Cost | 99,183 | ' |
Available-for-sale securities, Due after ten years, Amortized Cost | 6,415 | ' |
Available-for-sale securities, Gross Amortized Cost | 155,678 | ' |
Available-for-sale securities, Mortgage-backed securities, Amortized Cost | 180,657 | ' |
Available-for-sale securities, Amortized Cost | 336,335 | 313,111 |
Available-for-sale securities, Due in one year or less, Estimated Market Value | 4,102 | ' |
Available-for-sale securities, Due after one year through five years, Estimated Market Value | 45,304 | ' |
Available-for-sale securities, Due after five years through ten years, Estimated Market Value | 94,162 | ' |
Available-for-sale securities, Due after ten years, Estimated Market Value | 5,891 | ' |
Available-for-sale securities, Gross Estimated Market Value | 149,459 | ' |
Available-for-sale securities, Mortgage-backed securities, Estimated Market Value | 179,914 | ' |
Available-for-sale securities, Estimated Market Value | 329,373 | 317,278 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Schedule Of Held To Maturity And Available For Sale Securities [Line Items] | ' | ' |
Held-to-maturity, Gross Amortized Cost | 18,174 | ' |
Held-to-maturity, Amortized Cost | 18,174 | 12,590 |
Held-to-maturity, Gross Estimated Market Value | 18,359 | ' |
Held-to-maturity, Estimated Market Value | 18,359 | 13,277 |
Available-for-sale securities, Amortized Cost | 13,711 | 13,214 |
Available-for-sale securities, Estimated Market Value | $13,373 | $13,452 |
Debt_and_Equity_Securities_Sal
Debt and Equity Securities - Sales of Debt and Equity Securities (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' | ' |
Gross proceeds | $6,867 | $37,353 | $26,452 |
Gross realized gains | 78 | 261 | 192 |
Gross realized losses | ' | -2 | ' |
Net realized gains | $78 | $259 | $192 |
Debt_and_Equity_Securities_Gro
Debt and Equity Securities - Gross Unrealized Losses and Fair Value of Company's Investments (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Security |
Held To Maturity Debt Securities [Line Items] | ' |
Held to Maturity Securities, Fair Value, Less than 12 Month | $14,495 |
Held to Maturity Securities, Unrealized Losses, Less than 12 Month | 751 |
Held to Maturity Securities, Number of Securities Included, Less than 12 Month | 26 |
Held to Maturity Securities, Fair Value, 12 Month or More | 343 |
Held to Maturity Securities, Unrealized Losses, 12 Month or More | 8 |
Held to Maturity Securities, Number of Securities Included, 12 Month or More | 2 |
Held to Maturity Securities, Total Fair Value | 14,838 |
Held to Maturity Securities, Total Unrealized Losses | 759 |
Available-for-Sale Securities, Fair Value, Less than 12 Month | 211,684 |
Available-for-Sale Securities, Unrealized Losses, Less than 12 Month | 5,902 |
Available-for-Sale Securities, Number of Securities Included, Less than 12 Month | 83 |
Available-for-Sale Securities, Fair Value, 12 Month or More | 26,111 |
Available-for-Sale Securities, Unrealized Losses, 12 Month or More | 1,949 |
Available-for-Sale Securities, Number of Securities Included, 12 Month or More | 23 |
Available-for-Sale Securities, Total Fair Value | 237,795 |
Available-for-Sale Securities, Total Unrealized Losses | 7,851 |
US Government-Sponsored Enterprises and Agency Backed Securities [Member] | ' |
Held To Maturity Debt Securities [Line Items] | ' |
Available-for-Sale Securities, Fair Value, Less than 12 Month | 108,234 |
Available-for-Sale Securities, Unrealized Losses, Less than 12 Month | 4,358 |
Available-for-Sale Securities, Number of Securities Included, Less than 12 Month | 37 |
Available-for-Sale Securities, Fair Value, 12 Month or More | 19,479 |
Available-for-Sale Securities, Unrealized Losses, 12 Month or More | 1,603 |
Available-for-Sale Securities, Number of Securities Included, 12 Month or More | 7 |
Available-for-Sale Securities, Total Fair Value | 127,713 |
Available-for-Sale Securities, Total Unrealized Losses | 5,961 |
GSE Residential Mortgage Backed [Member] | ' |
Held To Maturity Debt Securities [Line Items] | ' |
Held to Maturity Securities, Fair Value, Less than 12 Month | 6,678 |
Held to Maturity Securities, Unrealized Losses, Less than 12 Month | 520 |
Held to Maturity Securities, Number of Securities Included, Less than 12 Month | 5 |
Held to Maturity Securities, Fair Value, 12 Month or More | ' |
Held to Maturity Securities, Unrealized Losses, 12 Month or More | ' |
Held to Maturity Securities, Number of Securities Included, 12 Month or More | ' |
Held to Maturity Securities, Total Fair Value | 6,678 |
Held to Maturity Securities, Total Unrealized Losses | 520 |
Available-for-Sale Securities, Fair Value, Less than 12 Month | 97,805 |
Available-for-Sale Securities, Unrealized Losses, Less than 12 Month | 1,449 |
Available-for-Sale Securities, Number of Securities Included, Less than 12 Month | 32 |
Available-for-Sale Securities, Fair Value, 12 Month or More | 1,866 |
Available-for-Sale Securities, Unrealized Losses, 12 Month or More | 32 |
Available-for-Sale Securities, Number of Securities Included, 12 Month or More | 2 |
Available-for-Sale Securities, Total Fair Value | 99,671 |
Available-for-Sale Securities, Total Unrealized Losses | 1,481 |
Obligations of States and Political Subdivisions [Member] | ' |
Held To Maturity Debt Securities [Line Items] | ' |
Held to Maturity Securities, Fair Value, Less than 12 Month | 7,817 |
Held to Maturity Securities, Unrealized Losses, Less than 12 Month | 231 |
Held to Maturity Securities, Number of Securities Included, Less than 12 Month | 21 |
Held to Maturity Securities, Fair Value, 12 Month or More | 343 |
Held to Maturity Securities, Unrealized Losses, 12 Month or More | 8 |
Held to Maturity Securities, Number of Securities Included, 12 Month or More | 2 |
Held to Maturity Securities, Total Fair Value | 8,160 |
Held to Maturity Securities, Total Unrealized Losses | 239 |
Available-for-Sale Securities, Fair Value, Less than 12 Month | 5,645 |
Available-for-Sale Securities, Unrealized Losses, Less than 12 Month | 95 |
Available-for-Sale Securities, Number of Securities Included, Less than 12 Month | 14 |
Available-for-Sale Securities, Fair Value, 12 Month or More | 4,766 |
Available-for-Sale Securities, Unrealized Losses, 12 Month or More | 314 |
Available-for-Sale Securities, Number of Securities Included, 12 Month or More | 14 |
Available-for-Sale Securities, Total Fair Value | 10,411 |
Available-for-Sale Securities, Total Unrealized Losses | $409 |
Restricted_Equity_Securities_A
Restricted Equity Securities - Additional Information (Detail) (FHLB [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
FHLB [Member] | ' | ' |
Marketable Securities [Line Items] | ' | ' |
Restricted equity securities consists of stock of the Federal Home Loan Bank | $3,012,000 | $3,012,000 |
Premises_and_Equipment_Detail_
Premises and Equipment - Detail of Premises and Equipment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | $49,060 | $46,253 |
Less accumulated depreciation | -10,884 | -10,400 |
Premises and equipment, net | 38,176 | 35,853 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 15,140 | 15,115 |
Buildings [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 25,859 | 25,114 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 140 | 140 |
Furniture and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 6,698 | 5,765 |
Automobiles [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | 123 | 119 |
Construction-In-Progress [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, Plant and Equipment, Gross | $1,100 | ' |
Premises_and_Equipment_Additio
Premises and Equipment - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property Plant And Equipment Useful Life And Values [Abstract] | ' | ' | ' |
Building repairs and maintenance and construction of buildings | $1,154,000 | $343,000 | ' |
Depreciation expense | $1,763,000 | $1,530,000 | $1,491,000 |
Acquired_Intangible_Assets_and2
Acquired Intangible Assets and Goodwill - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ' | ' |
Intangible assets percentage of owned subsidiaries | 50.00% | ' | ' |
Amortization period of purchased deposits premium | '7 years | ' | ' |
Amortization expense | $112,000 | $396,000 | $396,000 |
Acquired_Intangible_Assets_and3
Acquired Intangible Assets and Goodwill - Goodwill (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ' |
Balance at January 1, | $4,805 | $4,805 |
Goodwill acquired during year | ' | ' |
Impairment loss | 0 | ' |
Balance at December 31, | $4,805 | $4,805 |
Other_Assets_Additional_Inform
Other Assets - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | |
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | ' | ' | ' |
Other assets | ' | $14,620,000 | $10,965,000 |
Estimated deposit insurance premium | 7,176,000 | ' | ' |
Insurance premium prepaid period | '3 years | ' | ' |
FDIC prepaid insurance balance | ' | $0 | $2,176,000 |
Deposits_Deposits_Detail
Deposits - Deposits (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Banking And Thrift [Abstract] | ' | ' |
Demand deposits | $136,525 | $126,953 |
Savings accounts | 93,130 | 94,441 |
Negotiable order of withdrawal accounts | 329,572 | 310,080 |
Money market demand accounts | 406,984 | 339,417 |
Certificates of deposit $100,000 or greater | 251,722 | 260,641 |
Other certificates of deposit | 240,815 | 263,095 |
Individual retirement accounts $100,000 or greater | 42,487 | 44,845 |
Other individual retirement accounts | 53,020 | 54,450 |
Deposits | $1,554,255 | $1,493,922 |
Deposits_Principal_Maturities_
Deposits - Principal Maturities of Certificate of Deposit and Individual Retirement Accounts (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Banking And Thrift [Abstract] | ' |
2014 | $346,191 |
2015 | 129,837 |
2016 | 48,508 |
2017 | 38,167 |
2018 | 25,341 |
Thereafter | ' |
Time Deposits, Total | $588,044 |
Deposits_Additional_Informatio
Deposits - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Banking And Thrift [Abstract] | ' | ' |
Overdrafts reclassified as loans receivable | $212,000 | $256,000 |
Average required cash balance | $0 | $0 |
Securities_Sold_Under_Repurcha1
Securities Sold Under Repurchase Agreements - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Banking And Thrift [Abstract] | ' | ' |
Securities sold under repurchase agreements | $9,078,000 | $10,584,000 |
Maximum amounts of outstanding repurchase agreements | 10,527,000 | 10,584,000 |
Average daily balance outstanding | $9,438,000 | $8,426,000 |
Weighted average interest rate on outstanding balance | 0.50% | 0.52% |
NonInterest_Income_and_NonInte2
Non-Interest Income and Non-Interest Expense - Components of Non-Interest Income and Non-Interest Expense (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Non-interest income: | ' | ' | ' |
Service charges on deposits | $4,090 | $4,568 | $5,356 |
Other fees and commissions | 7,726 | 7,603 | 6,859 |
Security gains, net | 78 | 259 | 192 |
Fees and gains on sales of loans | 3,298 | 3,602 | 2,069 |
Other income | 12 | 3 | ' |
Non-interest income | 15,204 | 16,035 | 14,476 |
Non-interest expense: | ' | ' | ' |
Employee salaries and benefits | 25,697 | 23,984 | 22,723 |
Occupancy expenses | 2,715 | 2,626 | 2,524 |
Furniture and equipment expenses | 1,406 | 1,175 | 1,156 |
Loss on sales of other assets, net | 3 | 2 | 15 |
Write downs and loss on sales of other real estate, net | 1,642 | 3,286 | 3,560 |
Data processing expenses | 1,902 | 1,433 | 1,322 |
FDIC insurance | 1,220 | 1,738 | 1,756 |
Directors' fees | 707 | 762 | 739 |
Legal fees and litigation losses | 2,980 | 178 | 63 |
Other operating expenses | 10,515 | 9,914 | 9,805 |
Total | $48,787 | $45,098 | $43,663 |
Income_Taxes_Components_of_the
Income Taxes - Components of the Net Deferred Tax Asset (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule Of Deferred Tax Assets And Liabilities [Line Items] | ' | ' |
Deferred tax asset | $13,566 | $11,793 |
Deferred tax liability | -2,129 | -3,550 |
Total deferred tax assets | 11,437 | 8,243 |
Federal [Member] | ' | ' |
Schedule Of Deferred Tax Assets And Liabilities [Line Items] | ' | ' |
Deferred tax asset | 11,638 | 10,177 |
Deferred tax liability | -1,768 | -2,947 |
State [Member] | ' | ' |
Schedule Of Deferred Tax Assets And Liabilities [Line Items] | ' | ' |
Deferred tax asset | 1,928 | 1,616 |
Deferred tax liability | ($361) | ($603) |
Income_Taxes_Deferred_Tax_Asse
Income Taxes - Deferred Tax Assets (Liabilities) in Which Tax Effects of Significant Item that Gave Rise (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Income Tax Disclosure [Abstract] | ' | ' |
Financial statement allowance for loan losses in excess of tax allowance | $8,330 | $9,298 |
Excess of depreciation deducted for tax purposes over the amounts deducted in the financial statements | -1,650 | -1,474 |
Financial statement deduction for deferred compensation in excess of deduction for tax purposes | 908 | 879 |
Writedown of other real estate not deductible for income tax purposes until sold | 1,586 | 1,578 |
Financial statement income on FHLB stock dividends not recognized for tax purposes | -480 | -480 |
Unrealized loss (gain) on securities available-for-sale | 2,666 | -1,596 |
Miscellaneous | 77 | 38 |
Total deferred tax assets | $11,437 | $8,243 |
Income_Taxes_Summary_of_Compon
Income Taxes - Summary of Components of Income Tax Expense (Benefit) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Current, Federal | $7,193 | $7,022 | $6,780 |
Current, State | 1,045 | 1,307 | 1,236 |
Current, Total | 8,238 | 8,329 | 8,016 |
Deferred, Federal | 898 | -732 | -1,283 |
Deferred, State | 170 | -82 | -188 |
Deferred, Total | 1,068 | -814 | -1,471 |
Federal | 8,091 | 6,290 | 5,497 |
State | 1,215 | 1,225 | 1,048 |
Total | $9,306 | $7,515 | $6,545 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Federal income tax benefits | $9,306,000 | $7,515,000 | $6,545,000 |
Statutory income tax rate | 34.00% | ' | ' |
Income Tax expense related to the realized gain and loss, respectively, on sale of securities | 30,000 | 100,000 | 73,000 |
Accrued or recognized interest or penalties related to uncertain tax positions | 0 | 0 | 0 |
Unrecognized tax benefits | 0 | ' | ' |
Period for change of unrecognized tax benefits | '12 months | ' | ' |
Deferred tax asset that we did not prevail on all uncertain tax position | $13,600,000 | ' | ' |
Income_Taxes_Reconciliation_of
Income Taxes - Reconciliation of Actual Income Tax Expense to the Expected Tax Expense (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Computed "expected" tax expense | $8,559 | $6,686 | $5,642 |
State income taxes, net of Federal income tax benefit | 937 | 780 | 694 |
Tax exempt interest, net of interest expense exclusion | -234 | -203 | -199 |
Federal income tax rate in excess of statutory rate related to taxable income over $10 million | 204 | 206 | 187 |
Earnings on cash surrender value of life insurance | -25 | -82 | -21 |
Expenses not deductible for tax purposes | 35 | 26 | 24 |
Stock based compensation expense | 11 | 10 | 8 |
Other | -181 | 92 | 210 |
Total | $9,306 | $7,515 | $6,545 |
Income_Taxes_Reconciliation_of1
Income Taxes - Reconciliation of Actual Income Tax Expense to the Expected Tax Expense (Parenthetical) (Detail) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Income Tax Disclosure [Abstract] | ' |
Taxable income for which federal income tax rate in excess of statutory rate | $10 |
Commitments_and_Contingent_Lia2
Commitments and Contingent Liabilities - Future Minimum Rental Payments under Operating Leases (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Commitments And Contingencies Disclosure [Abstract] | ' |
2014 | $85 |
2015 | 58 |
2016 | 23 |
2017 | $14 |
Commitments_and_Contingent_Lia3
Commitments and Contingent Liabilities - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Commitments And Contingencies Disclosure [Abstract] | ' | ' | ' |
Rent expense | $128,000 | $153,000 | $174,000 |
Line of credit with other financial institution | 53,000,000 | 38,000,000 | ' |
Balance outstanding under line of credit | $0 | $0 | ' |
Financial_Instruments_with_Off2
Financial Instruments with Off-Balance-Sheet Risk - Financial Instruments Whose Contract Amounts Represent Credit Risk (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financial instruments whose contract amounts represent credit risk | ' | ' |
Financial instruments whose contract amounts represent credit risk | $213,710 | $214,871 |
Unused Commitments to Extend Credit [Member] | ' | ' |
Financial instruments whose contract amounts represent credit risk | ' | ' |
Financial instruments whose contract amounts represent credit risk | 185,633 | 189,486 |
Standby Letters of Credit [Member] | ' | ' |
Financial instruments whose contract amounts represent credit risk | ' | ' |
Financial instruments whose contract amounts represent credit risk | $28,077 | $25,385 |
Concentration_of_Credit_Risk_A
Concentration of Credit Risk - Additional Information (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Bank | |
Concentration Of Credit Risk [Line Items] | ' |
Company's cash and due from banks and federal funds sold total | $39,332,000 |
FDIC limit of per depositor | 250,000 |
Federal funds sold deposited in banks number | 3 |
Standby Letters of Credit [Member] | ' |
Concentration Of Credit Risk [Line Items] | ' |
Maximum potential amount of future payments that the Company guarantee | $28,000,000 |
Standby Letters of Credit [Member] | Minimum [Member] | ' |
Concentration Of Credit Risk [Line Items] | ' |
Guarantee period of standby letters | '1 year |
Standby Letters of Credit [Member] | Maximum [Member] | ' |
Concentration Of Credit Risk [Line Items] | ' |
Guarantee period of standby letters | '2 years |
Employee_Benefit_Plan_Addition
Employee Benefit Plan - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Compensation And Retirement Disclosure [Abstract] | ' | ' | ' |
Minimum age limit of employee to be eligible for the plan | '20 years 6 months | ' | ' |
Employers contribution | $1,612,000 | $1,519,000 | $1,421,000 |
Dividend_Reinvestment_Plan_Add
Dividend Reinvestment Plan - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Banking And Thrift [Abstract] | ' | ' | ' |
Original issue shares under the terms of the DRIP | 73,411 | 106,230 | 79,962 |
Regulatory_Matters_and_Restric2
Regulatory Matters and Restrictions on Dividends - Summary of Company's and Wilson Banks Actual Capital Amounts and Ratios (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total capital to risk weighted assets actual amount | $193,746 | $178,162 |
Total capital to risk weighted assets actual ratio | 14.70% | 14.20% |
Total capital to risk weighted assets regulatory minimum capital requirements amount | 105,656 | 100,373 |
Total capital to risk weighted assets regulatory minimum capital requirements ratio | 8.00% | 8.00% |
Total capital to risk weighted assets regulatory minimum to be well capitalized amount | 132,070 | 125,466 |
Total capital to risk weighted assets regulatory minimum to be well capitalized ratio | 10.00% | 10.00% |
Tier 1 capital to risk weighted assets actual amount | 177,161 | 162,321 |
Tier 1 capital to risk weighted assets actual ratio | 13.40% | 12.90% |
Tier 1 capital to risk weighted assets regulatory minimum capital requirements amount | 52,805 | 50,332 |
Tier 1 capital to risk weighted assets regulatory minimum capital requirements ratio | 4.00% | 4.00% |
Tier 1 capital to risk weighted assets regulatory minimum to be well capitalized amount | 79,208 | 75,498 |
Tier 1 capital to risk weighted assets regulatory minimum to be well capitalized ratio | 6.00% | 6.00% |
Tier 1 capital to average assets actual amount | 177,161 | 162,321 |
Tier 1 capital to average assets actual ratio | 10.30% | 9.80% |
Tier 1 capital to average assets regulatory minimum capital requirements amount | 69,001 | 66,253 |
Tier 1 capital to average assets regulatory minimum capital requirements ratio | 4.00% | 4.00% |
Wilson Bank [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total capital to risk weighted assets actual amount | 190,911 | 176,652 |
Total capital to risk weighted assets actual ratio | 14.50% | 14.10% |
Total capital to risk weighted assets regulatory minimum capital requirements amount | 105,622 | 100,228 |
Total capital to risk weighted assets regulatory minimum capital requirements ratio | 8.00% | 8.00% |
Total capital to risk weighted assets regulatory minimum to be well capitalized amount | 132,027 | 125,285 |
Total capital to risk weighted assets regulatory minimum to be well capitalized ratio | 10.00% | 10.00% |
Tier 1 capital to risk weighted assets actual amount | 174,326 | 160,811 |
Tier 1 capital to risk weighted assets actual ratio | 13.20% | 12.80% |
Tier 1 capital to risk weighted assets regulatory minimum capital requirements amount | 52,826 | 50,253 |
Tier 1 capital to risk weighted assets regulatory minimum capital requirements ratio | 4.00% | 4.00% |
Tier 1 capital to risk weighted assets regulatory minimum to be well capitalized amount | 79,239 | 73,380 |
Tier 1 capital to risk weighted assets regulatory minimum to be well capitalized ratio | 6.00% | 6.00% |
Tier 1 capital to average assets actual amount | 174,326 | 160,811 |
Tier 1 capital to average assets actual ratio | 10.10% | 9.70% |
Tier 1 capital to average assets regulatory minimum capital requirements amount | 69,040 | 66,314 |
Tier 1 capital to average assets regulatory minimum capital requirements ratio | 4.00% | 4.00% |
Tier 1 capital to average assets actual amount regulatory minimum to be well capitalized amount | $86,300 | $82,892 |
Tier 1 capital to average assets actual amount regulatory minimum to be well capitalized ratio | 5.00% | 5.00% |
Regulatory_Matters_and_Restric3
Regulatory Matters and Restrictions on Dividends - Additional Information (Detail) | 12 Months Ended | 1 Months Ended | 0 Months Ended | ||
Dec. 31, 2013 | Jan. 31, 2016 | Jan. 02, 2015 | Dec. 31, 2013 | Jan. 02, 2015 | |
Scenario, Forecast [Member] | Scenario, Forecast [Member] | Minimum Capital Ratio [Member] | Minimum Capital Ratio [Member] | ||
After Capital Conservation Buffer Fully Phased [Member] | Scenario, Forecast [Member] | ||||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ' | ' | ' |
Common equity Tier 1 risk-based capital ratio | ' | ' | 7.00% | ' | 4.50% |
Tier 1 risk-based capital ratio | ' | ' | 8.50% | 4.00% | 6.00% |
Total risk-based capital ratio | ' | ' | 10.50% | ' | 8.00% |
Tier 1 leverage ratio | ' | ' | ' | ' | 4.00% |
Capital conservation buffer ratio to be phased in over three years | ' | ' | ' | ' | 2.50% |
Initial Capital conservation buffer | ' | 0.63% | ' | ' | ' |
Capital conservation buffer phased in period | '3 years | ' | ' | ' | ' |
Salary_Deferral_Plans_Addition
Salary Deferral Plans - Additional Information (Detail) (USD $) | 1 Months Ended | 12 Months Ended | |
Nov. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ' | ' | ' |
Executive salary continuation plan provides retirement benefits for the period | ' | '180 months | ' |
Age limit or service period for an employee to be eligible for executive salary continuation plan | ' | 'Age of 65 and/or age 55 after 20 years of service | ' |
Expected benefit period prior retirement in case the employee is deceased or disabled | ' | '15 years | ' |
Salary deferral compensation liability total | ' | $1,916,000 | $2,017,000 |
Cash surrender value of life insurance, Carrying Value | ' | 2,381,000 | 2,308,000 |
Face amount of the insurance policies in force | ' | 7,109,000 | 7,109,000 |
Additional benefits accrued | 0 | ' | ' |
Supplemental executive retirement plan provides retirement benefits for the period | '180 months | ' | ' |
Flexible premium indexed deferred annuity contracts purchased under the SERP agreements | 3,809,000 | ' | ' |
Supplemental Employee Retirement Plan Agreement [Member] | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ' | ' | ' |
Salary deferral compensation liability total | ' | 364,000 | ' |
Cash surrender value of life insurance, Carrying Value | ' | 5,000,000 | ' |
Face amount of the insurance policies in force | ' | 12,939,000 | ' |
Flexible Indexed Annuity Contracts | ' | $4,009,000 | ' |
Executive Officer [Member] | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ' | ' | ' |
Number of employees participate in executive salary continuation plan | ' | 10 | ' |
Stock_Option_Plan_Additional_I
Stock Option Plan - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' |
Percentage of common stock shares issued and outstanding | 5.00% | ' | ' |
Stock option exercisable period | '10 years | ' | ' |
Percentage of the fair market value of the common stock on the grant date | 100.00% | ' | ' |
The weighted average fair value at the grant date of options granted | $13.03 | $10.47 | $11.53 |
The total intrinsic value of options exercised | $109,000 | $182,000 | $108,000 |
Total unrecognized cost related to non-vested share-based compensation arrangements granted under the Company's stock option plans | $245,000 | ' | ' |
Cost of recognized weighted-average period | '7 years 1 month 6 days | ' | ' |
1999 Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' |
Common stock, shares issued | 200,000 | ' | ' |
Stock Option Plan expiration date | 13-Apr-09 | ' | ' |
2009 Stock Option Plan [Member] | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' | ' | ' |
Common stock, shares issued | 75,000 | ' | ' |
Stock Option Plan effective date | 14-Apr-09 | ' | ' |
Options granted to employees | 35,250 | ' | ' |
Stock_Option_Plan_Schedule_of_
Stock Option Plan - Schedule of Weighted-Average Black-Scholes Fair Value Assumptions (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' | ' |
Expected dividends | 1.12% | 1.08% | 1.12% |
Expected term (in years) | '9 years 6 months 22 days | '6 years 1 month 2 days | '7 years 9 months |
Expected volatility | 25.00% | 27.00% | 25.00% |
Risk-free rate | 2.04% | 1.27% | 2.74% |
Stock_Option_Plan_Summary_of_t
Stock Option Plan - Summary of the Stock Option Activity (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' | ' |
Option outstanding at beginning of year, Shares | 48,987 | 52,708 | 53,892 |
Granted options | 5,500 | 6,000 | 4,500 |
Exercised options | -5,973 | -8,788 | -5,284 |
Forfeited or expired options | -860 | -933 | -400 |
Option outstanding at end of year, Shares | 47,654 | 48,987 | 52,708 |
Options exercisable at year end | 12,009 | 11,453 | 13,227 |
Outstanding weighted-average exercise price at beginning of year | $34.24 | $31.24 | $29.46 |
Granted weighted-average exercise price | $44.16 | $42.06 | $39.88 |
Exercised weighted-average exercise price | $26 | $21.50 | $20.76 |
Forfeited or expired weighted-average exercise price | $33.07 | $34.85 | $23.63 |
Outstanding weighted-average exercise price at end of year | $36.43 | $34.24 | $31.24 |
Options exercisable weighted-average exercise price at year end | $32.35 | $29.69 | $25 |
Stock_Option_Plan_Summary_of_I
Stock Option Plan - Summary of Information about Stock Options (Detail) (USD $) | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Number of options, outstanding | 47,654 |
Number of options, exercisable | 12,009 |
Aggregate intrinsic value of stock option awards outstanding | $444 |
Aggregate intrinsic value of stock options exercisable | $161 |
17.20 to 25.79 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Number of options, outstanding | 3,682 |
Weighted average exercise price per option, outstanding | $23.27 |
Weighted average remaining contractual life (in years), outstanding | '10 months 24 days |
Number of options, exercisable | 2,075 |
Weighted average exercise price per option, exercisable | $23.44 |
Weighted average remaining contractual life (in years), exercisable | '10 months 24 days |
25.80 to 38.70 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Number of options, outstanding | 29,122 |
Weighted average exercise price per option, outstanding | $35.09 |
Weighted average remaining contractual life (in years), outstanding | '4 years 10 months 24 days |
Number of options, exercisable | 8,984 |
Weighted average exercise price per option, exercisable | $33.50 |
Weighted average remaining contractual life (in years), exercisable | '4 years 3 months 18 days |
38.71 to 45.75 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Number of options, outstanding | 14,850 |
Weighted average exercise price per option, outstanding | $42.32 |
Weighted average remaining contractual life (in years), outstanding | '8 years 4 months 24 days |
Number of options, exercisable | 950 |
Weighted average exercise price per option, exercisable | $40.88 |
Weighted average remaining contractual life (in years), exercisable | '7 years 7 months 6 days |
Stock_Option_Plan_Summary_of_I1
Stock Option Plan - Summary of Information about Stock Options (Parenthetical) (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
17.20 to 25.79 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower limit | $17.20 |
Upper limit | $25.79 |
25.80 to 38.70 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower limit | $25.80 |
Upper limit | $38.70 |
38.71 to 45.75 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Lower limit | $38.71 |
Upper limit | $45.75 |
Earnings_Per_Share_Summary_of_
Earnings Per Share - Summary of Components Comprising Basic and Diluted Earnings Per Share (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Basic EPS Computation: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Numerator - Earnings available to common stockholders | $4,163 | $4,481 | $4,247 | $2,978 | $2,715 | $3,459 | $3,149 | $2,825 | $2,296 | $2,663 | $2,615 | $2,476 | $15,869 | $12,148 | $10,050 |
Denominator - Weighted average number of common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,472,373 | 7,360,485 | 7,280,907 |
Basic earnings per common share | $0.56 | $0.60 | $0.57 | $0.40 | $0.37 | $0.47 | $0.43 | $0.39 | $0.31 | $0.37 | $0.36 | $0.34 | $2.12 | $1.65 | $1.38 |
Diluted EPS Computation: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Numerator - Earnings available to common stockholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $15,869 | $12,148 | $10,050 |
Denominator - Weighted average number of common shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,472,373 | 7,360,485 | 7,280,907 |
Dilutive effect of stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,798 | 5,163 | 7,215 |
Weighted average number of shares outstanding-diluted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,477,171 | 7,365,648 | 7,288,122 |
Diluted earnings per common share | $0.55 | $0.60 | $0.57 | $0.40 | $0.37 | $0.47 | $0.43 | $0.39 | $0.31 | $0.36 | $0.36 | $0.34 | $2.12 | $1.65 | $1.38 |
Disclosures_About_Fair_Value_o2
Disclosures About Fair Value of Financial Instruments - Assets Measured at Fair Value on a Recurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | $329,373 | $317,278 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | 13,373 | 13,452 |
Fair Value Measurements Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | 329,373 | 317,278 |
Other assets | 11,390 | 6,315 |
Total assets at fair value | 340,763 | 323,593 |
Fair Value Measurements Recurring [Member] | Quoted Prices in Active Market (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | ' | ' |
Other assets | ' | ' |
Total assets at fair value | ' | ' |
Fair Value Measurements Recurring [Member] | Models with Significant Observable Market Parameters (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | 329,373 | 317,278 |
Other assets | ' | ' |
Total assets at fair value | 329,373 | 317,278 |
Fair Value Measurements Recurring [Member] | Models with Significant Unobservable Market Parameters (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | ' | ' |
Other assets | 11,390 | 6,315 |
Total assets at fair value | 11,390 | 6,315 |
Fair Value Measurements Recurring [Member] | U.S. Government Sponsored Enterprises and Agency-Backed [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | 140,818 | 122,698 |
Fair Value Measurements Recurring [Member] | U.S. Government Sponsored Enterprises and Agency-Backed [Member] | Quoted Prices in Active Market (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | ' | ' |
Fair Value Measurements Recurring [Member] | U.S. Government Sponsored Enterprises and Agency-Backed [Member] | Models with Significant Observable Market Parameters (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | 140,818 | 122,698 |
Fair Value Measurements Recurring [Member] | U.S. Government Sponsored Enterprises and Agency-Backed [Member] | Models with Significant Unobservable Market Parameters (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | ' | ' |
Fair Value Measurements Recurring [Member] | Mortgage Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | 175,182 | 181,128 |
Fair Value Measurements Recurring [Member] | Mortgage Backed Securities [Member] | Quoted Prices in Active Market (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | ' | ' |
Fair Value Measurements Recurring [Member] | Mortgage Backed Securities [Member] | Models with Significant Observable Market Parameters (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | 175,182 | 181,128 |
Fair Value Measurements Recurring [Member] | Mortgage Backed Securities [Member] | Models with Significant Unobservable Market Parameters (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | ' | ' |
Fair Value Measurements Recurring [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | 13,373 | 13,452 |
Fair Value Measurements Recurring [Member] | Obligations of States and Political Subdivisions [Member] | Quoted Prices in Active Market (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | ' | ' |
Fair Value Measurements Recurring [Member] | Obligations of States and Political Subdivisions [Member] | Models with Significant Observable Market Parameters (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | 13,373 | 13,452 |
Fair Value Measurements Recurring [Member] | Obligations of States and Political Subdivisions [Member] | Models with Significant Unobservable Market Parameters (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available-for-sale, Carrying Value | ' | ' |
Disclosures_About_Fair_Value_o3
Disclosures About Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis (Detail) (Fair Value, Measurements, Nonrecurring [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Other real estate | $12,869 | $15,307 |
Impaired loans, net | 22,380 | 34,125 |
Repossessed assets | 35,249 | 49,432 |
Quoted Prices in Active Market (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Other real estate | ' | ' |
Impaired loans, net | ' | ' |
Repossessed assets | ' | ' |
Models with Significant Observable Market Parameters (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Other real estate | ' | ' |
Impaired loans, net | ' | ' |
Repossessed assets | ' | ' |
Models with Significant Unobservable Market Parameters (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Other real estate | 12,869 | 15,307 |
Impaired loans, net | 22,380 | 34,125 |
Repossessed assets | $35,249 | $49,432 |
Disclosures_About_Fair_Value_o4
Disclosures About Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis (Parenthetical) (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Fair Value Disclosures [Abstract] | ' | ' |
Valuation allowance | $4.50 | $6.90 |
Disclosures_About_Fair_Value_o5
Disclosures About Fair Value of Financial Instruments - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
TransferStation | |
Fair Value Disclosures [Abstract] | ' |
Transfers between levels one, two and three | 0 |
Disclosures_About_Fair_Value_o6
Disclosures About Fair Value of Financial Instruments - Changes in Fair Value Due to Observable Factors (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Fair value, January 1, Other Assets | $6,315 | $2,001 |
Total realized gains included in income, Other Assets | 75 | 242 |
Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at December 31, Other Assets | ' | ' |
Purchases, issuances and settlements, net, Other Assets | 5,000 | 4,072 |
Transfers out of Level 3, Other Assets | ' | ' |
Fair value, December 31, Other Assets | 11,390 | 6,315 |
Fair value, January 1, Other Liabilities | ' | ' |
Total realized gains included in income, Other Liabilities | ' | ' |
Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at December 31 , Other Liabilities | ' | ' |
Purchases, issuances and settlements, net, Other Liabilities | ' | ' |
Transfers out of Level 3, Other Liabilities | ' | ' |
Fair value, December 31 , Other Liabilities | ' | ' |
Other Liabilities [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet at December 31 | ' | ' |
Other Assets [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet at December 31 | ' | ' |
Disclosures_About_Fair_Value_o7
Disclosures About Fair Value of Financial Instruments - Carrying Value and Estimated Fair Value of Financial Instruments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities held-to-maturity, Carrying/Notional Amount | $26,823 | $15,508 |
Loans, net, Carrying/Notional Amount | 1,184,267 | 1,142,111 |
Mortgage loans held-for-sale, Carrying/Notional Amount | 7,022 | 15,648 |
Deposits and securities sold under agreements to repurchase, Carrying/Notional Amount | 1,563,333 | 1,504,506 |
Commitments to extend credit, Carrying/Notional Amount | ' | ' |
Standby letters of credit, Carrying/Notional Amount | ' | ' |
Securities held-to-maturity | 26,561 | 16,317 |
Loans, net, Estimated Fair Value | 1,185,271 | 1,166,664 |
Mortgage loans held-for-sale | 7,022 | 15,648 |
Deposits and securities sold under agreements to repurchase, Estimated Fair Value | 1,554,839 | 1,506,186 |
Commitments to extend credit, Estimated Fair Value | ' | ' |
Standby letters of credit, Estimated Fair Value | ' | ' |
Quoted Prices in Active Market (Level 1) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities held-to-maturity | ' | ' |
Loans, net, Estimated Fair Value | ' | ' |
Mortgage loans held-for-sale | ' | ' |
Deposits and securities sold under agreements to repurchase, Estimated Fair Value | ' | ' |
Commitments to extend credit, Estimated Fair Value | ' | ' |
Standby letters of credit, Estimated Fair Value | ' | ' |
Models with Significant Observable Market Parameters (Level 2) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities held-to-maturity | 26,561 | 16,317 |
Loans, net, Estimated Fair Value | ' | ' |
Mortgage loans held-for-sale | ' | ' |
Deposits and securities sold under agreements to repurchase, Estimated Fair Value | ' | ' |
Commitments to extend credit, Estimated Fair Value | ' | ' |
Standby letters of credit, Estimated Fair Value | ' | ' |
Models with Significant Unobservable Market Parameters (Level 3) [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities held-to-maturity | ' | ' |
Loans, net, Estimated Fair Value | 1,185,271 | 1,166,664 |
Mortgage loans held-for-sale | 7,022 | 15,648 |
Deposits and securities sold under agreements to repurchase, Estimated Fair Value | 1,554,839 | 1,506,186 |
Commitments to extend credit, Estimated Fair Value | ' | ' |
Standby letters of credit, Estimated Fair Value | ' | ' |
Wilson_Bank_Holding_Company_Pa2
Wilson Bank Holding Company - Parent Company Financial Information - Balance Sheets - Parent Company Only (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||
In Thousands, unless otherwise specified | ||||||
ASSETS | ' | ' | ' | ' | ||
Cash | $111,504 | $106,664 | $54,174 | $38,282 | ||
Total assets | 1,748,971 | 1,680,820 | ' | ' | ||
Stockholders' equity: | ' | ' | ' | ' | ||
Common stock, par value $2.00 per share, authorized 15,000,000 shares, 7,498,588 and 7,419,204 shares issued and outstanding, respectively | 14,997 | 14,838 | ' | ' | ||
Additional paid-in capital | 54,519 | 51,242 | ' | ' | ||
Retained earnings | 112,451 | 101,046 | ' | ' | ||
Net unrealized gains (losses) on available-for-sale securities, net of income taxes of $2,666 and $1,595, respectively | -4,296 | 2,572 | ' | ' | ||
Total stockholders' equity | 177,671 | 169,698 | 157,348 | 144,333 | ||
Total liabilities and stockholders' equity | 1,748,971 | 1,680,820 | ' | ' | ||
Wilson Bank Holding Company [Member] | ' | ' | ' | ' | ||
ASSETS | ' | ' | ' | ' | ||
Cash | 2,662 | [1] | 1,337 | [1] | 1,579 | 3,070 |
Investment in wholly-owned commercial bank subsidiary | 174,836 | 168,188 | ' | ' | ||
Refundable income taxes | 173 | 173 | ' | ' | ||
Total assets | 177,671 | 169,698 | ' | ' | ||
Stockholders' equity: | ' | ' | ' | ' | ||
Common stock, par value $2.00 per share, authorized 15,000,000 shares, 7,498,588 and 7,419,204 shares issued and outstanding, respectively | 14,997 | 14,838 | ' | ' | ||
Additional paid-in capital | 54,519 | 51,242 | ' | ' | ||
Retained earnings | 112,451 | 101,046 | ' | ' | ||
Net unrealized gains (losses) on available-for-sale securities, net of income taxes of $2,666 and $1,595, respectively | -4,296 | 2,572 | ' | ' | ||
Total stockholders' equity | 177,671 | 169,698 | 157,348 | 144,333 | ||
Total liabilities and stockholders' equity | $177,671 | $169,698 | ' | ' | ||
[1] | Eliminated in consolidation. |
Wilson_Bank_Holding_Company_Pa3
Wilson Bank Holding Company - Parent Company Financial Information - Balance Sheets - Parent Company Only (Parenthetical) (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Parent Company Only Financial Information [Line Items] | ' | ' |
Common stock, par value | $2 | $2 |
Common stock, shares authorized | 15,000,000 | 15,000,000 |
Common stock, shares issued | 7,498,588 | 7,419,204 |
Common stock, shares outstanding | 7,498,588 | 7,419,204 |
Wilson Bank Holding Company [Member] | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' |
Common stock, par value | $2 | $2 |
Common stock, shares authorized | 15,000,000 | 15,000,000 |
Common stock, shares issued | 7,498,588 | 7,419,204 |
Common stock, shares outstanding | 7,498,588 | 7,419,204 |
Net unrealized gains on available-for-sale securities, income taxes | $2,666 | $1,595 |
Wilson_Bank_Holding_Company_Pa4
Wilson Bank Holding Company - Parent Company Financial Information - Statements of Earnings and Comprehensive Earnings - Parent Company Only (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Directors' fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $707,000 | $762,000 | $739,000 | |||
Earnings before income taxes | 6,514,000 | 7,115,000 | 6,684,000 | 4,862,000 | 4,267,000 | 5,643,000 | 5,122,000 | 4,631,000 | 3,917,000 | 4,365,000 | 4,283,000 | 4,030,000 | 25,175,000 | 19,663,000 | 16,595,000 | |||
Federal income tax benefits | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,306,000 | -7,515,000 | -6,545,000 | |||
Net earnings | 4,163,000 | 4,481,000 | 4,247,000 | 2,978,000 | 2,715,000 | 3,459,000 | 3,149,000 | 2,825,000 | 2,296,000 | 2,663,000 | 2,615,000 | 2,476,000 | 15,869,000 | 12,148,000 | 10,050,000 | |||
Other comprehensive earnings (losses), net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net unrealized gains (losses) on available-for-sale-securities arising during period, net of taxes of $4,231, $1,158 and $2,685, respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,820,000 | 1,867,000 | 4,330,000 | |||
Reclassification adjustments for net gains included in net earnings, net of taxes of $30, $100 and $73, respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -48,000 | -160,000 | -119,000 | |||
Other comprehensive earnings (losses) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,868,000 | 1,707,000 | 4,211,000 | |||
Comprehensive earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,001,000 | 13,855,000 | 14,261,000 | |||
Wilson Bank Holding Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Directors' fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 337,000 | 319,000 | 346,000 | |||
Other | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 83,000 | 88,000 | 64,000 | |||
Earnings before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -420,000 | -407,000 | -410,000 | |||
Federal income tax benefits | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 173,000 | 173,000 | 170,000 | |||
Non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -247,000 | -234,000 | -240,000 | |||
Equity in undistributed earnings of commercial bank subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,116,000 | [1] | 12,382,000 | [1] | 10,290,000 | [1] |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,869,000 | 12,148,000 | 10,050,000 | |||
Other comprehensive earnings (losses), net of tax: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net unrealized gains (losses) on available-for-sale-securities arising during period, net of taxes of $4,231, $1,158 and $2,685, respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,820,000 | 1,867,000 | 4,330,000 | |||
Reclassification adjustments for net gains included in net earnings, net of taxes of $30, $100 and $73, respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -48,000 | -160,000 | -119,000 | |||
Other comprehensive earnings (losses) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,868,000 | 1,707,000 | 4,211,000 | |||
Comprehensive earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $9,001,000 | $13,855,000 | $14,261,000 | |||
[1] | Eliminated in consolidation. |
Wilson_Bank_Holding_Company_Pa5
Wilson Bank Holding Company - Parent Company Financial Information - Statements of Earnings and Comprehensive Earnings - Parent Company Only (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Reclassification adjustment for net gains included in net earnings, taxes | $30 | $100 | $73 |
Wilson Bank Holding Company [Member] | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Unrealized gains (losses) on available-for-sale securities arising during period, net of taxes | 4,231 | 1,158 | 2,685 |
Reclassification adjustment for net gains included in net earnings, taxes | $30 | $100 | $73 |
Wilson_Bank_Holding_Company_Pa6
Wilson Bank Holding Company - Parent Company Financial Information - Statements of Changes in Stockholders' Equity - Parent Company Only (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | $169,698 | ' | ' | ' | $157,348 | ' | ' | ' | $144,333 | $169,698 | $157,348 | $144,333 |
Cash dividends declared $.60, $.85 and $.60 per share for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,464 | -6,243 | -4,348 |
Issuance of 79,962, 106,230 and 73,411 shares of stock pursuant to dividend reinvestment plan for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,248 | 4,518 | 3,218 |
6,148 common shares repurchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -250 |
Issuance of 5,284, 8,788 and 5,973 shares of stock pursuant to exercise of stock options for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 156 | 189 | 110 |
Share based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32 | 31 | 24 |
Net change in unrealized gain (loss) on available-for-sale securities during the year, net of taxes of $2,612,$1,058 and $4,261 for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,868 | 1,707 | 4,211 |
Net earnings | 4,163 | 4,481 | 4,247 | 2,978 | 2,715 | 3,459 | 3,149 | 2,825 | 2,296 | 2,663 | 2,615 | 2,476 | 15,869 | 12,148 | 10,050 |
Ending balance | 177,671 | ' | ' | ' | 169,698 | ' | ' | ' | 157,348 | ' | ' | ' | 177,671 | 169,698 | 157,348 |
Common Stock [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 14,838 | ' | ' | ' | 14,608 | ' | ' | ' | 14,450 | 14,838 | 14,608 | 14,450 |
Cash dividends declared $.60, $.85 and $.60 per share for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of 79,962, 106,230 and 73,411 shares of stock pursuant to dividend reinvestment plan for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 147 | 212 | 160 |
6,148 common shares repurchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -13 |
Issuance of 5,284, 8,788 and 5,973 shares of stock pursuant to exercise of stock options for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12 | 18 | 11 |
Share based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net change in unrealized gain (loss) on available-for-sale securities during the year, net of taxes of $2,612,$1,058 and $4,261 for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 14,997 | ' | ' | ' | 14,838 | ' | ' | ' | 14,608 | ' | ' | ' | 14,997 | 14,838 | 14,608 |
Additional Paid-in Capital [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 51,242 | ' | ' | ' | 46,734 | ' | ' | ' | 43,790 | 51,242 | 46,734 | 43,790 |
Cash dividends declared $.60, $.85 and $.60 per share for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of 79,962, 106,230 and 73,411 shares of stock pursuant to dividend reinvestment plan for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,101 | 4,306 | 3,058 |
6,148 common shares repurchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -237 |
Issuance of 5,284, 8,788 and 5,973 shares of stock pursuant to exercise of stock options for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 144 | 171 | 99 |
Share based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32 | 31 | 24 |
Net change in unrealized gain (loss) on available-for-sale securities during the year, net of taxes of $2,612,$1,058 and $4,261 for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 54,519 | ' | ' | ' | 51,242 | ' | ' | ' | 46,734 | ' | ' | ' | 54,519 | 51,242 | 46,734 |
Retained Earnings [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 101,046 | ' | ' | ' | 95,141 | ' | ' | ' | 89,439 | 101,046 | 95,141 | 89,439 |
Cash dividends declared $.60, $.85 and $.60 per share for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,464 | -6,243 | -4,348 |
Issuance of 79,962, 106,230 and 73,411 shares of stock pursuant to dividend reinvestment plan for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
6,148 common shares repurchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of 5,284, 8,788 and 5,973 shares of stock pursuant to exercise of stock options for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net change in unrealized gain (loss) on available-for-sale securities during the year, net of taxes of $2,612,$1,058 and $4,261 for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,869 | 12,148 | 10,050 |
Ending balance | 112,451 | ' | ' | ' | 101,046 | ' | ' | ' | 95,141 | ' | ' | ' | 112,451 | 101,046 | 95,141 |
Net Unrealized Gain (Loss) On Available-For- Sale Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 2,572 | ' | ' | ' | 865 | ' | ' | ' | -3,346 | 2,572 | 865 | -3,346 |
Cash dividends declared $.60, $.85 and $.60 per share for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of 79,962, 106,230 and 73,411 shares of stock pursuant to dividend reinvestment plan for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
6,148 common shares repurchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of 5,284, 8,788 and 5,973 shares of stock pursuant to exercise of stock options for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net change in unrealized gain (loss) on available-for-sale securities during the year, net of taxes of $2,612,$1,058 and $4,261 for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,868 | 1,707 | 4,211 |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | -4,296 | ' | ' | ' | 2,572 | ' | ' | ' | 865 | ' | ' | ' | -4,296 | 2,572 | 865 |
Wilson Bank Holding Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 169,698 | ' | ' | ' | 157,348 | ' | ' | ' | 144,333 | 169,698 | 157,348 | 144,333 |
Cash dividends declared $.60, $.85 and $.60 per share for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,464 | -6,243 | -4,348 |
Issuance of 79,962, 106,230 and 73,411 shares of stock pursuant to dividend reinvestment plan for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,248 | 4,518 | 3,218 |
6,148 common shares repurchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -250 |
Issuance of 5,284, 8,788 and 5,973 shares of stock pursuant to exercise of stock options for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 156 | 189 | 110 |
Share based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32 | 31 | 24 |
Net change in unrealized gain (loss) on available-for-sale securities during the year, net of taxes of $2,612,$1,058 and $4,261 for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,868 | 1,707 | 4,211 |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,869 | 12,148 | 10,050 |
Ending balance | 177,671 | ' | ' | ' | 169,698 | ' | ' | ' | 157,348 | ' | ' | ' | 177,671 | 169,698 | 157,348 |
Wilson Bank Holding Company [Member] | Common Stock [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 14,838 | ' | ' | ' | 14,608 | ' | ' | ' | 14,450 | 14,838 | 14,608 | 14,450 |
Issuance of 79,962, 106,230 and 73,411 shares of stock pursuant to dividend reinvestment plan for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 147 | 212 | 160 |
6,148 common shares repurchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -13 |
Issuance of 5,284, 8,788 and 5,973 shares of stock pursuant to exercise of stock options for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12 | 18 | 11 |
Ending balance | 14,997 | ' | ' | ' | 14,838 | ' | ' | ' | 14,608 | ' | ' | ' | 14,997 | 14,838 | 14,608 |
Wilson Bank Holding Company [Member] | Additional Paid-in Capital [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 51,242 | ' | ' | ' | 46,734 | ' | ' | ' | 43,790 | 51,242 | 46,734 | 43,790 |
Issuance of 79,962, 106,230 and 73,411 shares of stock pursuant to dividend reinvestment plan for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,101 | 4,306 | 3,058 |
6,148 common shares repurchased | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -237 |
Issuance of 5,284, 8,788 and 5,973 shares of stock pursuant to exercise of stock options for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 144 | 171 | 99 |
Share based compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32 | 31 | 24 |
Ending balance | 54,519 | ' | ' | ' | 51,242 | ' | ' | ' | 46,734 | ' | ' | ' | 54,519 | 51,242 | 46,734 |
Wilson Bank Holding Company [Member] | Retained Earnings [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 101,046 | ' | ' | ' | 95,141 | ' | ' | ' | 89,439 | 101,046 | 95,141 | 89,439 |
Cash dividends declared $.60, $.85 and $.60 per share for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,464 | -6,243 | -4,348 |
Net earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,869 | 12,148 | 10,050 |
Ending balance | 112,451 | ' | ' | ' | 101,046 | ' | ' | ' | 95,141 | ' | ' | ' | 112,451 | 101,046 | 95,141 |
Wilson Bank Holding Company [Member] | Net Unrealized Gain (Loss) On Available-For- Sale Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 2,572 | ' | ' | ' | 865 | ' | ' | ' | -3,346 | 2,572 | 865 | -3,346 |
Net change in unrealized gain (loss) on available-for-sale securities during the year, net of taxes of $2,612,$1,058 and $4,261 for the period 2011, 2012 and 2013 respectively | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,868 | 1,707 | 4,211 |
Ending balance | ($4,296) | ' | ' | ' | $2,572 | ' | ' | ' | $865 | ' | ' | ' | ($4,296) | $2,572 | $865 |
Wilson_Bank_Holding_Company_Pa7
Wilson Bank Holding Company - Parent Company Financial Information - Statements of Changes in Stockholders' Equity - Parent Company Only (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Cash dividends declared, per shares | $0.60 | $0.85 | $0.60 |
Shares of stock pursuant to dividend reinvestment plan | 73,411 | 106,230 | 79,962 |
Common shares repurchased | ' | ' | 6,148 |
Shares of stock pursuant to exercise of stock options | 5,973 | 8,788 | 5,284 |
Net change in unrealized loss on available-for-sale securities, tax | $4,261 | $1,058 | $2,612 |
Common Stock [Member] | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Shares of stock pursuant to dividend reinvestment plan | 73,411 | 106,230 | 79,962 |
Common shares repurchased | ' | ' | 6,148 |
Shares of stock pursuant to exercise of stock options | 5,973 | 8,788 | 5,284 |
Additional Paid-in Capital [Member] | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Shares of stock pursuant to dividend reinvestment plan | 73,411 | 106,230 | 79,962 |
Common shares repurchased | ' | ' | 6,148 |
Shares of stock pursuant to exercise of stock options | 5,973 | 8,788 | 5,284 |
Retained Earnings [Member] | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Cash dividends declared, per shares | $0.60 | $0.85 | $0.60 |
Net Unrealized Gain (Loss) On Available-For- Sale Securities [Member] | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Net change in unrealized loss on available-for-sale securities, tax | 4,261 | 1,058 | 2,612 |
Wilson Bank Holding Company [Member] | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Cash dividends declared, per shares | $0.60 | $0.85 | $0.60 |
Shares of stock pursuant to dividend reinvestment plan | 73,411 | 106,230 | 79,962 |
Common shares repurchased | ' | ' | 6,148 |
Shares of stock pursuant to exercise of stock options | 5,973 | 8,788 | 5,284 |
Net change in unrealized loss on available-for-sale securities, tax | 4,261 | 1,058 | 2,612 |
Wilson Bank Holding Company [Member] | Common Stock [Member] | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Shares of stock pursuant to dividend reinvestment plan | 73,411 | 106,230 | 79,962 |
Common shares repurchased | ' | ' | 6,148 |
Shares of stock pursuant to exercise of stock options | 5,973 | 8,788 | 5,284 |
Wilson Bank Holding Company [Member] | Additional Paid-in Capital [Member] | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Shares of stock pursuant to dividend reinvestment plan | 73,411 | 106,230 | 79,962 |
Common shares repurchased | ' | ' | 6,148 |
Shares of stock pursuant to exercise of stock options | 5,973 | 8,788 | 5,284 |
Wilson Bank Holding Company [Member] | Retained Earnings [Member] | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Cash dividends declared, per shares | $0.60 | $0.85 | $0.60 |
Wilson Bank Holding Company [Member] | Net Unrealized Gain (Loss) On Available-For- Sale Securities [Member] | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' |
Net change in unrealized loss on available-for-sale securities, tax | $4,261 | $1,058 | $2,612 |
Wilson_Bank_Holding_Company_Pa8
Wilson Bank Holding Company - Parent Company Financial Information - Statements of Cash Flows - Parent Company Only (Detail) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Cash flows from operating activities: | ' | ' | ' | |||
Cash paid to suppliers and other | ($41,968) | ($38,789) | ($35,835) | |||
Net cash provided by operating activities | 37,164 | 29,415 | 20,224 | |||
Cash flows from investing activities: | ' | ' | ' | |||
Net cash used in investing activities | -90,091 | -66,434 | -78,705 | |||
Cash flows from financing activities: | ' | ' | ' | |||
Dividends paid | -4,464 | -6,243 | -4,348 | |||
Proceeds from sale of stock pursuant to dividend reinvestment | 3,248 | 4,518 | 3,218 | |||
Proceeds from exercise of stock options | 156 | 189 | 110 | |||
Common shares repurchased | ' | ' | -250 | |||
Net cash provided by financing activities | 57,767 | 89,509 | 74,373 | |||
Net increase (decrease) in cash and cash equivalents | 4,840 | 52,490 | 15,892 | |||
Cash and cash equivalents at beginning of year | 106,664 | 54,174 | 38,282 | |||
Cash and cash equivalents at end of year | 111,504 | 106,664 | 54,174 | |||
Reconciliation of net earnings to net cash used in operating activities: | ' | ' | ' | |||
Net earnings | 15,869 | 12,148 | 10,050 | |||
Adjustments to reconcile net earnings to net cash used in operating activities: | ' | ' | ' | |||
Decrease in refundable income taxes | -175 | 177 | 350 | |||
Share based compensation expense | 32 | 31 | 24 | |||
Total adjustments | 21,295 | 17,267 | 10,174 | |||
Net cash provided by operating activities | 37,164 | 29,415 | 20,224 | |||
Wilson Bank Holding Company [Member] | ' | ' | ' | |||
Cash flows from operating activities: | ' | ' | ' | |||
Cash paid to suppliers and other | -388 | -376 | -386 | |||
Tax benefits received | 173 | 170 | 164 | |||
Net cash provided by operating activities | -215 | -206 | -222 | |||
Cash flows from investing activities: | ' | ' | ' | |||
Dividends received from commercial bank subsidiary | 2,600 | 1,500 | ' | |||
Net cash used in investing activities | 2,600 | 1,500 | ' | |||
Cash flows from financing activities: | ' | ' | ' | |||
Dividends paid | -4,464 | -6,243 | -4,348 | |||
Proceeds from sale of stock pursuant to dividend reinvestment | 3,248 | 4,518 | 3,218 | |||
Proceeds from exercise of stock options | 156 | 189 | 110 | |||
Common shares repurchased | ' | ' | -249 | |||
Net cash provided by financing activities | -1,060 | -1,536 | -1,269 | |||
Net increase (decrease) in cash and cash equivalents | 1,325 | -242 | -1,491 | |||
Cash and cash equivalents at beginning of year | 1,337 | [1] | 1,579 | 3,070 | ||
Cash and cash equivalents at end of year | 2,662 | [1] | 1,337 | [1] | 1,579 | |
Reconciliation of net earnings to net cash used in operating activities: | ' | ' | ' | |||
Net earnings | 15,869 | 12,148 | 10,050 | |||
Adjustments to reconcile net earnings to net cash used in operating activities: | ' | ' | ' | |||
Equity in earnings of commercial bank subsidiary | -16,116 | [1] | -12,382 | [1] | -10,290 | [1] |
Decrease in refundable income taxes | ' | -3 | -6 | |||
Share based compensation expense | 32 | 31 | 24 | |||
Total adjustments | -16,084 | -12,354 | -10,272 | |||
Net cash provided by operating activities | ($215) | ($206) | ($222) | |||
[1] | Eliminated in consolidation. |
Quarterly_Financial_Data_Quart
Quarterly Financial Data - Quarterly Results of Operations for the Four Quarters (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | $18,315 | $17,930 | $17,749 | $17,820 | $18,263 | $18,027 | $18,166 | $17,905 | $17,959 | $18,295 | $18,181 | $17,915 | $71,814 | $72,361 | $72,350 |
Net interest income | 15,704 | 15,263 | 15,001 | 14,967 | 15,079 | 14,628 | 14,590 | 13,957 | 13,639 | 13,880 | 13,725 | 13,216 | ' | ' | ' |
Provision for loan losses | 15 | 738 | 755 | 669 | 2,655 | 2,407 | 2,210 | 2,256 | 1,629 | 2,462 | 2,618 | 1,969 | 2,177 | 9,528 | 8,678 |
Earnings before income taxes | 6,514 | 7,115 | 6,684 | 4,862 | 4,267 | 5,643 | 5,122 | 4,631 | 3,917 | 4,365 | 4,283 | 4,030 | 25,175 | 19,663 | 16,595 |
Net earnings | $4,163 | $4,481 | $4,247 | $2,978 | $2,715 | $3,459 | $3,149 | $2,825 | $2,296 | $2,663 | $2,615 | $2,476 | $15,869 | $12,148 | $10,050 |
Basic earnings per common share | $0.56 | $0.60 | $0.57 | $0.40 | $0.37 | $0.47 | $0.43 | $0.39 | $0.31 | $0.37 | $0.36 | $0.34 | $2.12 | $1.65 | $1.38 |
Diluted earnings per common share | $0.55 | $0.60 | $0.57 | $0.40 | $0.37 | $0.47 | $0.43 | $0.39 | $0.31 | $0.36 | $0.36 | $0.34 | $2.12 | $1.65 | $1.38 |