2.4.0.8118 - Disclosure - FEDERAL HOME LOAN BANK ADVANCEStruefalsefalse1false falsefalseP01_01_2013To06_30_2013http://www.sec.gov/CIK0001404296duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_BankingAndThriftAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Banking and Thrift [Abstract]2false 2us-gaap_FederalHomeLoanBankAdvancesDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1falsefalsefalse00 <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>NOTE 10. FEDERAL HOME LOAN BANK ADVANCES</b></div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> FHLB borrowings at June 30, 2013 and December 31, 2012 were $<font style=" FONT-SIZE: 10pt">110.0</font> million and $<font style=" FONT-SIZE: 10pt">135.0</font> million, respectively. During the six months ended June 30, 2013, the Company prepaid advances scheduled for maturity in the third and fourth quarter of 2013 totaling $<font style=" FONT-SIZE: 10pt">25.0</font> million, resulting in a prepayment penalty of $<font style=" FONT-SIZE: 10pt">0.5</font> million. The FHLB advances had a weighted-average maturity of <font style=" ">45 months</font> and a weighted-average rate of <font style=" FONT-SIZE: 10pt"> 4.11</font>% at June 30, 2013.</div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">   </div> <div style="clear:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Bank’s borrowing capacity with the FHLB is $<font style=" FONT-SIZE: 10pt">5.0</font> million at June 30, 2013. The minimal borrowing capacity is due to the declining balance of outstanding loans used as collateral as a result of normal loan payments and payoffs. In addition, due to the Bank’s financial condition the FHLB has increased the amount of discount applied to determine the collateral value of the loans. The Bank intends to supplement its loan collateral with investment securities as needed to secure the FHLB borrowings, or pre-pay advances to reduce the amount of collateral required to secure the debt. Unpledged securities available for collateral amounted to $<font style=" FONT-SIZE: 10pt">13.0</font> million as of June 30, 2013. In the event the Bank pre-pays additional advances prior to maturity, it must do so at its fair value. Additionally, effective August 31, 2012, the FHLB required that the Bank collateralize the excess of the fair value of the FHLB advances over the book value with cash and securities. As of June 30, 2013, fair value exceeded the book value of the individual advances by $<font style=" FONT-SIZE: 10pt">11.9</font> million.</div> </div> falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13(a)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 false0Federal Home Loan Bank Advances, Disclosure [Text Block]falseFEDERAL HOME LOAN BANK ADVANCESUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.atlanticcoastbank.net/role/FederalHomeLoanBankAdvances12