XML 62 R46.htm IDEA: XBRL DOCUMENT v2.4.1.9
BUSINESS COMBINATIONS (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Jul. 25, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Assets          
Cash and cash equivalents   $ 15,406us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents      
Investment securities   27,980us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsMarketableSecurities      
Loans 552,038us-gaap_LoansAndLeasesReceivableGrossCarryingAmount 217,590us-gaap_LoansAndLeasesReceivableGrossCarryingAmount 346,500us-gaap_LoansAndLeasesReceivableGrossCarryingAmount 368,344us-gaap_LoansAndLeasesReceivableGrossCarryingAmount  
Less: allowance for loan losses (6,844)us-gaap_LoansAndLeasesReceivableAllowance 0us-gaap_LoansAndLeasesReceivableAllowance (7,054)us-gaap_LoansAndLeasesReceivableAllowance (7,897)us-gaap_LoansAndLeasesReceivableAllowance (10,034)us-gaap_LoansAndLeasesReceivableAllowance
Premises and equipment   6,712us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment      
Accrued interest receivable   732us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables      
Other real estate owned   71us-gaap_OtherRealEstate      
Bank owned life insurance 20,966us-gaap_BankOwnedLifeInsurance 2,234us-gaap_BankOwnedLifeInsurance 8,463us-gaap_BankOwnedLifeInsurance    
Goodwill 7,077us-gaap_Goodwill 0us-gaap_Goodwill 0us-gaap_Goodwill 0us-gaap_Goodwill 0us-gaap_Goodwill
Core deposit intangible 1,625us-gaap_FiniteLivedCoreDepositsGross 1,790us-gaap_FiniteLivedCoreDepositsGross      
Other assets   4,422us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther      
Total assets acquired 276,937us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets 276,937us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets  
Deposits:          
Noninterest-bearing Deposit Liabilities   42,507us-gaap_NoninterestBearingDepositLiabilities      
Interest-bearing Deposit Liabilities   179,700us-gaap_InterestBearingDepositLiabilities      
Total deposits 618,902us-gaap_Deposits 222,207us-gaap_Deposits 448,458us-gaap_Deposits    
Borrowings   23,106us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt      
Other liabilities   565us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther      
Total liabilities assumed 245,878us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities 245,878us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities  
Fair value of net assets assumed   31,059us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet      
Goodwill recorded for Legacy Select 7,077us-gaap_BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount 7,077us-gaap_BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount 0us-gaap_BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount 0us-gaap_BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount  
Fair Value Adjustments [Member]          
Assets          
Cash and cash equivalents   0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Investment securities   (284)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsMarketableSecurities
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Loans   (5,541)us-gaap_LoansAndLeasesReceivableGrossCarryingAmount
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Less: allowance for loan losses   3,389us-gaap_LoansAndLeasesReceivableAllowance
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Premises and equipment   332us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Accrued interest receivable   (132)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Other real estate owned   0us-gaap_OtherRealEstate
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Bank owned life insurance   0us-gaap_BankOwnedLifeInsurance
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Goodwill   (1,488)us-gaap_Goodwill
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Core deposit intangible   1,556us-gaap_FiniteLivedCoreDepositsGross
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Other assets   1,915us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Total assets acquired   (253)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Deposits:          
Noninterest-bearing Deposit Liabilities   0us-gaap_NoninterestBearingDepositLiabilities
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Interest-bearing Deposit Liabilities   2,175us-gaap_InterestBearingDepositLiabilities
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Total deposits   2,175us-gaap_Deposits
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Borrowings   908us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Other liabilities   0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Total liabilities assumed   3,083us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
/ us-gaap_NonrecurringAdjustmentAxis
= slct_FairValueAdjustmentsMember
     
Legacy Select [Member]          
Assets          
Cash and cash equivalents   15,406us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Investment securities   28,264us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsMarketableSecurities
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Loans   223,131us-gaap_LoansAndLeasesReceivableGrossCarryingAmount
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Less: allowance for loan losses   (3,389)us-gaap_LoansAndLeasesReceivableAllowance
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Premises and equipment   6,380us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Accrued interest receivable   864us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Other real estate owned   71us-gaap_OtherRealEstate
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Bank owned life insurance   2,234us-gaap_BankOwnedLifeInsurance
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Goodwill   1,488us-gaap_Goodwill
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Core deposit intangible   234us-gaap_FiniteLivedCoreDepositsGross
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Other assets   2,507us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Total assets acquired   277,190us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Deposits:          
Noninterest-bearing Deposit Liabilities   42,507us-gaap_NoninterestBearingDepositLiabilities
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Interest-bearing Deposit Liabilities   177,525us-gaap_InterestBearingDepositLiabilities
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Total deposits   220,032us-gaap_Deposits
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Borrowings   22,198us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Other liabilities   565us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Total liabilities assumed   242,795us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
/ dei_LegalEntityAxis
= slct_LegacySelectMember
     
Employee Stock Option [Member]          
Deposits:          
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned   634us-gaap_BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= us-gaap_EmployeeStockOptionMember
     
Common Stock [Member]          
Deposits:          
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned   29,857us-gaap_BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Preferred Stock [Member]          
Deposits:          
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned   $ 7,645us-gaap_BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember