2.4.0.82108100 - Disclosure - Derivativestruefalsefalse1false falsefalseD2013Q2YTDhttp://www.sec.gov/CIK0001366367duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Derivative Instruments and Hedging Activities Disclosure [Abstract]2false 2us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;">Derivatives</div><div style="line-height:120%;text-align:justify;font-size:10pt;"> </div><div style="line-height:120%;text-align:justify;font-size:10pt;">The Company currently has derivative instrument contracts consisting of interest rate swaps and interest rate lock commitments and commitments to sell mortgages.  The primary objective for each of these contracts is to minimize interest rate risk.  The Company's strategy is to use derivative contracts to stabilize and improve net interest margin and net interest income currently and in future periods. The Company does not enter into derivative financial instruments for speculative or trading purposes.  For derivatives that are economic hedges, but are not designated as hedging instruments or otherwise do not qualify for hedge accounting treatment, all changes in fair value are recognized in non-interest income during the period of change.  </div><div style="line-height:120%;text-align:left;font-size:10pt;"> </div><div style="line-height:120%;text-align:justify;font-size:10pt;">As part of interest rate risk management, the Company has entered into two interest rate swap agreements to convert certain fixed-rate receivables to floating rates and certain fixed-rate obligations to floating rates.  The interest rate swaps are used to provide fixed rate financing while managing interest rate risk and were not designated as hedges. The interest rate swaps pay and receive interest based on a floating rate based on one month LIBOR, with payments being calculated on the notional amount. The interest rate swaps are settled quarterly and mature on June 15, 2016. The interest rate swaps each had a notional amount of $1.9 million at June 30, 2013, representing the amount of fixed-rate receivables outstanding and liabilities outstanding, and are included in other assets and other liabilities at their fair value of $154,068. The Company had a gain of $25,543 on the interest rate swap asset and a loss of $25,543 on the interest rate swap liability for the quarter ended June 30, 2013. The Company had a gain of $41,939 on the interest rate swap asset and a loss of $41,939 on the interest rate swap liability for the six months ended June 30, 2013. The Company had a gain of $3,513 on the interest rate swap asset and a loss of $3,513 on the interest rate swap liability for the quarter ended June 30, 2012. The Company had a gain of $4,390 on the interest rate swap asset and a loss of $4,390 on the interest rate swap liability for the six months ended June 30, 2012. The interest rate swaps had a notional amount of $2.0 million outstanding as of December 31, 2012 and was included in other assets and other liabilities at their fair market value of $196,006. All changes in fair value are recorded as other income within non-interest income. Fair values for interest rate swap agreements are based upon the amounts required to settle the contracts.  </div><div style="line-height:120%;text-align:left;font-size:10pt;"> </div><div style="line-height:120%;text-align:justify;font-size:10pt;">The Company is exposed to certain risks relating to its ongoing mortgage origination business. The Bank's mortgage banking segment enters into interest rate lock commitments and commitments to sell mortgages. The primary risks managed by derivative instruments are these interest rate lock commitments and forward-loan-sale commitments. Interest rate lock commitments are entered into to manage interest rate risk associated with the Company's fixed rate loan commitments. The period of time between the issuance of a loan commitment and the closing and sale of the loan generally ranges from 10 to 60 days. Such interest rate lock commitments and forward-loan-sale commitments represent derivative instruments which are required to be carried at fair value. These derivative instruments do not qualify as hedges under the Derivatives and Hedging topic of the FASB Accounting Standards Codification. The fair value of the Company's interest rate lock commitments is based on the value that can be generated when the underlying loan is sold on the secondary market and is included on the balance sheet in other assets and on the income statement in mortgage banking income. The fair value of the Company's forward sales commitments is based on changes in the value of the commitment, principally because of changes in interest rates, and is included on the balance sheet in other assets or other liabilities and on the income statement in mortgage banking income.</div><div style="line-height:120%;text-align:left;font-size:10pt;"> </div><div style="line-height:120%;text-align:justify;font-size:10pt;">At June 30, 2013, the Bank had $32.5 million of commitments outstanding to originate mortgage loans held-for-sale at fixed prices and $54.8 million of forward commitments outstanding for original commitments and outstanding mortgage loans held-for-sale under best efforts contracts to sell mortgages to agencies and other investors. The fair value of forward sales commitments recorded in other assets was $612,085 at June 30, 2013. The fair value of the interest rate lock commitments recorded in other liabilities was $312,117 at June 30, 2013. Recognition of losses related to the change in fair value of forward sales commitments were $81,725 and $92,070 for the three and six months ended June 30, 2013, respectively, and are included in mortgage banking activities income. Recognition of gains and losses related to the change in fair value of the interest rate lock commitments were $57,457 and $(33,340) for the three and six months ended June 30, 2013, respectively, and are included in mortgage banking activities income. Recognition of gains related to the change in fair value of the interest rate lock commitments and gains related to forward sales commitments were $90,269 and $293,298 for the three months ended June 30, 2012, respectively, and are included in other income. Recognition of gains related to the change in fair value of the interest rate lock commitments and gains related to forward sales commitments were $76,777 and $288,669 for the six months ended June 30, 2012, respectively, and are included in other income. At December 31, 2012, the Bank had $46.7 million of commitments outstanding to originate mortgage loans held-for-sale at fixed prices and $71.5 million of forward commitments outstanding under best efforts contracts to sell mortgages to agencies and other investors. The fair value of forward sales commitments recorded in other liabilities was $480,806 at December 31, 2012. The fair value of the interest rate lock commitments recorded in other assets was $872,844 at December 31, 2012.</div><div style="line-height:120%;text-align:justify;font-size:10pt;"> </div></div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for the entity's entire derivative instruments and hedging activities. 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