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Note 3 - Loans (Tables)
9 Months Ended 21 Months Ended
Sep. 30, 2012
Sep. 30, 2012
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
September 30, 2012
 
Gross Loan
Balance
   
Deferred Loan
Fees
   
Accrued Interest
Receivable
   
Recorded Investment in Loans
 
                         
Commercial and industrial
 
$
377,054
   
$
(755
)
 
$
1,010
   
$
377,309
 
Real estate mortgage
   
707,553
     
(1,599
)
   
2,167
     
708,121
 
Real estate construction
   
7,911
     
(12
)
   
8
     
7,907
 
Consumer and other
   
6,955
     
(252
)
   
20
     
6,723
 
                                 
Total
 
$
1,099,473
   
$
(2,618
)
 
$
3,205
   
$
1,100,060
 
December 31, 2011
 
Gross Loan
Balance
   
Deferred Loan
Fees
   
Accrued Interest
Receivable
   
Recorded Investment in Loans
 
                         
Commercial and industrial
 
$
345,265
   
$
(777
)
 
$
1,077
   
$
345,565
 
Real estate mortgage
   
687,409
     
(1,327
)
   
2,270
     
688,352
 
Real estate construction
   
10,308
     
(2
)
   
29
     
10,335
 
Consumer and other
   
3,936
     
(196
)
   
14
     
3,754
 
                                 
Total
 
$
1,046,918
   
$
(2,302
)
 
$
3,390
   
$
1,048,006
 
 
Financing Receivable Credit Quality Indicators [Table Text Block]
As of September 30, 2012
 
Commercial and industrial
   
Real estate-
mortgage
   
Real estate - construction
   
Consumer
and other
   
Total
 
                               
Grade:
                             
1-6 - “Pass”
 
$
351,931
   
$
610,745
   
$
2,415
   
$
6,722
   
$
971,813
 
7 - “Special Mention”/ “Watch”
   
3,977
     
14,679
     
     
     
18,656
 
8 - “Substandard”
   
21,401
     
82,697
     
5,492
     
1
     
109,591
 
9 -“Doubtful"
   
     
     
     
     
 
                                         
Total
 
$
377,309
   
$
708,121
   
$
7,907
   
$
6,723
   
$
1,100,060
 
As of December 31, 2011
 
Commercial and industrial
   
Real estate-
mortgage
   
Real estate - construction
   
Consumer
and other
   
Total
 
                               
Grade:
                             
1-6 - “Pass”
 
$
310,626
   
$
551,496
   
$
3,078
   
$
3,753
   
$
868,953
 
7 - “Special Mention”/ “Watch”
   
10,735
     
30,491
     
     
     
41,226
 
8 - “Substandard”
   
24,204
     
106,160
     
7,257
     
1
     
137,622
 
9 -“Doubtful"
   
     
205
     
     
     
205
 
                                         
Total
 
$
345,565
   
$
688,352
   
$
10,335
   
$
3,754
   
$
1,048,006
 
 
Past Due Financing Receivables [Table Text Block]
As of September 30, 2012
 
30-59
Days
Past Due
   
60-89
Days
Past Due
   
Greater
Than
90 Days
   
Total
Past
Due
   
Current
   
Total Recorded Investment in Loans
   
Recorded Investment 90 Days Past Due and Accruing
 
                                           
Commercial and industrial
 
$
730
   
$
754
   
$
7,356
   
$
8,840
   
$
368,469
   
$
377,309
   
$
 
Real estate mortgage:
                                                       
Residential
   
5,238
     
     
184
     
5,422
     
35,060
     
40,482
     
 
Commercial
   
680
     
8,199
     
12,365
     
21,244
     
646,395
     
667,639
     
 
Real estate construction:
                                                       
Residential
   
     
     
2,345
     
2,345
     
1,738
     
4,083
     
 
Commercial
   
     
     
3,148
     
3,148
     
676
     
3,824
     
 
Consumer and other
   
     
25
     
1
     
26
     
6,697
     
6,723
     
 
                                                         
Total
 
$
6,648
   
$
8,978
   
$
25,399
   
$
41,025
   
$
1,059,035
   
$
1,100,060
   
$
 
As of December 31, 2011
 
30-59
Days
Past Due
   
60-89
Days
Past Due
   
Greater
Than
90 Days
   
Total
Past
Due
   
Current
   
Total Recorded Investment in Loans
   
Recorded Investment 90 Days Past Due and Accruing
 
                                           
Commercial and industrial
 
$
2,018
   
$
121
   
$
9,433
   
$
11,572
   
$
333,993
   
$
345,565
   
$
 
Real estate mortgage:
                                                       
Residential
   
105
     
     
251
     
356
     
42,440
     
42,796
     
 
Commercial
   
7,361
     
4,002
     
15,559
     
26,922
     
618,634
     
645,556
     
 
Real estate construction:
                                                       
Residential
   
     
     
     
     
7,011
     
7,011
     
 
Commercial
   
     
3,324
     
     
3,324
     
     
3,324
     
 
Consumer and other
   
     
5
     
1
     
6
     
3,748
     
3,754
     
 
                                                         
Total
 
$
9,484
   
$
7,452
   
$
25,244
   
$
42,180
   
$
1,005,826
   
$
1,048,006
   
$
 
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
Recorded investment in nonaccrual loans
 
September 30, 2012
   
December 31, 2011
 
Commercial and industrial
 
$
7,356
   
$
10,665
 
Real estate mortgage:
               
Residential
   
184
     
251
 
Commercial
   
23,116
     
30,600
 
Real estate construction:
               
Residential
   
2,345
     
 
Commercial
   
3,147
     
3,324
 
Consumer and other
   
1
     
1
 
                 
Total
 
$
36,149
   
$
44,841
 
 
Impaired Financing Receivables [Table Text Block]
As of September 30, 2012
 
Recorded
Investment
   
Unpaid
Principal
Balance
   
Related
Allowance
   
Average
Recorded
Investment
 
                         
Impaired loans with no allowance
                       
Commercial and industrial
 
$
7,333
   
$
7,343
   
$
   
$
5,752
 
Real estate mortgage:
                               
Residential
   
184
     
184
     
     
216
 
Commercial
   
22,258
     
22,260
     
     
19,859
 
Real estate construction:
                               
Residential
   
2,345
     
2,345
     
     
1,172
 
Commercial
   
3,147
     
3,147
     
     
3,226
 
                                 
Impaired loans with an allowance
                               
Commercial and industrial
 
$
23
   
$
23
   
$
23
   
$
3,183
 
Real estate mortgage:
                               
Commercial
   
4,999
     
4,986
     
953
     
6,836
 
                                 
Total:
                               
Commercial and industrial
 
$
7,356
   
$
7,366
   
$
23
   
$
8,935
 
Real estate mortgage
   
27,441
     
27,430
     
953
     
26,911
 
Real estate construction
   
5,492
     
5,492
     
     
4,398
 
As of December 31, 2011
 
Recorded
Investment
   
Unpaid
Principal
Balance
   
Related
Allowance
   
Average
Recorded
Investment
 
                         
Impaired loans with no allowance
                       
Commercial and industrial
 
$
3,647
   
$
3,652
   
$
   
$
8,901
 
Real estate mortgage:
                               
Residential
   
251
     
251
     
     
263
 
Commercial
   
19,922
     
19,913
     
     
26,256
 
Real estate construction:
                               
Commercial
   
3,324
     
3,324
     
     
831
 
                                 
Impaired loans with an allowance
                               
Commercial and industrial
 
$
7,018
    $
7,025
    $
224
    $
4,835
 
Real estate mortgage:
                               
Commercial
   
10,678
     
10,696
     
710
     
14,042
 
                                 
Total:
                               
Commercial and industrial
 
$
10,665
   
$
10,677
   
$
224
   
$
13,736
 
Real estate mortgage
   
30,851
     
30,860
     
710
     
40,561
 
Real estate construction
   
3,324
     
3,324
     
     
831
 
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
   
Nine Months Ended September 30, 2012
   
Number
of
Contracts
   
Pre-Modification Outstanding
Recorded
Investment
   
Post-Modification Outstanding
Recorded
Investment
Troubled Debt Restructurings
               
Real estate mortgage:
                     
Commercial
   
3
   
$
6,007
   
$
6,318
                       
Real estate construction:
                     
Commercial
   
2
     
401
     
401
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]  
As of and for the three months ended
September 30, 2012
 
Commercial
and
industrial
   
Real
estate-
mortgage
   
Real estate - construction
   
Consumer
and other
   
Unallocated
   
Total
 
                                     
Allowance for loan losses at beginning of period
 
$
9,146
   
$
16,151
   
$
185
   
$
106
   
$
1,723
   
$
27,311
 
Provision for loan losses
   
922
     
(574
   
(6
   
50
     
(692
   
(300
Charge-offs
   
(1,464
)
   
(130
)
   
     
(31
)
   
     
(1,625
)
Recoveries
   
32
     
118
     
     
6
     
     
156
 
     
 
     
 
             
 
             
 
 
Allowance for loan losses at end of period
 
$
8,636
   
$
15,565
   
$
179
   
$
131
   
$
1,031
   
$
25,542
 
                                                 
Ending allowance for loan losses balance for loans individually evaluated for impairment
 
$
23
   
$
953
   
$
   
$
           
$
976
 
                                                 
Ending allowance for loan losses balance for loans collectively evaluated for impairment
 
$
8,613
   
$
14,612
   
$
179
   
$
131
           
$
23,535
 
                                                 
Loans:
                                               
Recorded investment in loans
 
$
377,309
   
$
708,121
   
$
7,907
   
$
6,723
           
$
1,100,060
 
                                                 
Recorded investment in loans individually evaluated for impairment
 
$
7,357
   
$
27,441
   
$
5,492
   
$
1
           
$
40,291
 
                                                 
Recorded investment in loans collectively evaluated for impairment
 
$
369,952
   
$
680,680
   
$
2,415
   
$
6,722
           
$
1,059,769
 
As of and for the three months ended
September 30, 2011
 
Commercial and industrial
   
Real
estate-
mortgage
   
Real estate - construction
   
Consumer
and other
   
Unallocated
   
Total
 
                                     
                                     
Allowance for loan losses at beginning of period
 
$
7,136
   
$
20,590
   
$
490
   
$
152
   
$
2,025
   
$
30,393
 
Provision for loan losses
   
527
     
74
     
(2
)
   
12
     
264
     
875
 
Charge-offs
   
(597
)
   
(1,350
)
   
     
(18
)
   
     
(1,965
)
Recoveries
   
260
     
396
     
5
     
5
     
     
666
 
                                                 
Allowance for loan losses at end of period
 
$
7,325
   
$
19,710
   
$
493
   
$
151
   
$
2,289
   
$
29,969
 
                                                 
Ending allowance for loan losses balance for loans individually evaluated for impairment
 
$
275
   
$
749
   
$
   
$
           
$
1,024
 
                                                 
Ending allowance for loan losses balance for loans collectively evaluated for impairment
 
$
7,051
   
$
18,961
   
$
493
   
$
151
           
$
26,656
 
                                                 
Loans:
                                               
Recorded investment in loans
 
$
346,254
   
$
705,757
   
$
6,925
   
$
3,629
           
$
1,062,565
 
                                                 
Recorded investment in loans individually evaluated for impairment
 
$
13,520
   
$
34,749
   
$
   
$
1
           
$
48,270
 
                                                 
Recorded investment in loans collectively evaluated for impairment
 
$
332,734
   
$
671,008
   
$
6,925
   
$
3,628
           
$
1,014,295
 
As of and for the nine months ended
September 30, 2012
 
Commercial
and
industrial
   
Real
estate-
mortgage
   
Real estate - construction
   
Consumer
and other
   
Unallocated
   
Total
 
                                     
Allowance for loan losses at beginning of period
 
$
7,966
   
$
19,213
   
$
320
   
$
137
   
$
685
   
$
28,321
 
Provision for loan losses
   
2,531
     
(3,166
)
   
523
     
66
     
346
     
300
 
Charge-offs
   
(2,258
)
   
(1,415
)
   
(683
)
   
(92
)
   
     
(4,448
)
Recoveries
   
397
     
933
     
19
     
20
     
     
1,369
 
                                                 
Allowance for loan losses at end of period
 
$
8,636
   
$
15,565
   
$
179
   
$
131
   
$
1,031
   
$
25,542
 
                                                 
Ending allowance for loan losses balance for loans individually evaluated for impairment
 
$
23
   
$
953
   
$
   
$
           
$
976
 
                                                 
Ending allowance for loan losses balance for loans collectively evaluated for impairment
 
$
8,613
   
$
14,612
   
$
179
   
$
131
           
$
23,535
 
                                                 
Loans:
                                               
Recorded investment in loans
 
$
377,309
   
$
708,121
   
$
7,907
   
$
6,723
           
$
1,100,060
 
                                                 
Recorded investment in loans individually evaluated for impairment
 
$
7,357
   
$
27,441
   
$
5,492
   
$
1
           
$
40,291
 
                                                 
Recorded investment in loans collectively evaluated for impairment
 
$
369,952
   
$
680,680
   
$
2,415
   
$
6,722
           
$
1,059,769
 
As of and for the nine months ended
September 30, 2011
 
Commercial and industrial
   
Real estate-
mortgage
   
Real estate - construction
   
Consumer
and other
   
Unallocated
   
Total
 
                                     
Allowance for loan losses at beginning of period
 
$
8,187
   
$
22,016
   
$
1,993
   
$
194
   
$
1,367
   
$
33,757
 
Provision for loan losses
   
1,865
     
1,907
     
(2,222
)
   
(22
)
   
922
     
2,450
 
Charge-offs
   
(3,222
)
   
(4,673
)
   
     
(49
)
   
     
(7,944
)
Recoveries
   
496
     
460
     
722
     
28
     
     
1,706
 
                                                 
Allowance for loan losses at end of period
 
$
7,326
   
$
19,710
   
$
493
   
$
151
   
$
2,289
   
$
29,969
 
                                                 
Ending allowance for loan losses balance for loans individually evaluated for impairment
 
$
275
   
$
749
   
$
   
$
           
$
1,024
 
                                                 
Ending allowance for loan losses balance for loans collectively evaluated for impairment
 
$
7,051
   
$
18,961
   
$
493
   
$
151
           
$
26,656
 
                                                 
Loans:
                                               
Recorded investment in loans
 
$
346,254
   
$
705,757
   
$
6,925
   
$
3,629
           
$
1,062,565
 
                                                 
Recorded investment in loans individually evaluated for impairment
 
$
13,520
   
$
34,749
   
$
   
$
1
           
$
48,270
 
                                                 
Recorded investment in loans collectively evaluated for impairment
 
$
332,734
   
$
671,008
   
$
6,925
   
$
3,628
           
$
1,014,295
 
Class of Financing Receivable [Member]
   
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   
As of September 30, 2012
   
As of December 31, 2011
 
   
Amount
   
Percent
   
Amount
   
Percent
 
   
(Dollars in thousands)
 
                         
Commercial and industrial
 
$
377,054
     
34.30
%
 
$
345,265
     
32.98
%
Real estate mortgage:
                               
Residential
   
40,391
     
3.67
     
42,682
     
4.08
 
Commercial
   
667,162
     
60.68
     
644,727
     
61.58
 
     
707,553
     
64.35
     
687,409
     
65.66
 
Real estate construction:
                               
Residential
   
4,087
     
0.37
     
6,984
     
0.67
 
Commercial
   
3,824
     
0.35
     
3,324
     
0.32
 
     
7,911
     
0.72
     
10,308
     
0.99
 
Consumer and other
   
6,955
     
0.63
     
3,936
     
0.37
 
Gross loans
   
1,099,473
     
100.00
%
   
1,046,918
     
100.00
%
Unearned discounts, interest and deferred fees
   
(2,618
)
           
(2,302
)
       
Total loans
   
1,096,855
             
1,044,616
         
Allowance for loan losses
   
(25,542
)
           
(28,321
)
       
Loans, net
 
$
1,071,313
           
$
1,016,295