XML 21 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
Preferred Stock (Narrative) (Details) (USD $)
In Millions, except Share data, unless otherwise specified
6 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2014
Sep. 22, 2011
Purchase Agreement [Member]
Jun. 30, 2014
Series C Preferred Stock [Member]
Sep. 30, 2013
Series C Preferred Stock [Member]
Secretary [Member]
Jun. 30, 2014
Series C Preferred Stock [Member]
Purchase Agreement [Member]
Jun. 30, 2014
Period Aggregate [Member]
Series C Preferred Stock [Member]
Jun. 30, 2014
Period Four Dividend Rate Period [Member]
Series C Preferred Stock [Member]
Sep. 30, 2013
Period Five Dividend Rate Period [Member]
Series C Preferred Stock [Member]
Jun. 30, 2014
Maximum [Member]
Period Two Dividend Rate Period [Member]
Series C Preferred Stock [Member]
Jun. 30, 2014
Maximum [Member]
Period Three Dividend Rate Period [Member]
Series C Preferred Stock [Member]
Jun. 30, 2014
Minimum [Member]
Period Two Dividend Rate Period [Member]
Series C Preferred Stock [Member]
Jun. 30, 2014
Minimum [Member]
Period Three Dividend Rate Period [Member]
Series C Preferred Stock [Member]
Shares, issued   20,000                    
Preferred stock, liquidation preference per share   $ 1,000                    
Preferred stock, liquidation preference, value   $ 20.0                    
Preferred stock dividend rate description         based upon changes in the level of "Qualified Small Business Lending" or "QSBL" (as defined in the Purchase Agreement) by the Bank. For the second through ninth calendar quarters, the dividend rate may be adjusted to between one percent (1%) and five percent (5%) per annum, to reflect the amount of change in the Bank's level of QSBL. If the level of the Bank's qualified small business loans declines so that the percentage increase in QSBL as compared to the baseline level is less than 10%, then the dividend rate payable on the Series C Preferred Stock would increase. For the tenth calendar quarter through four and one half years after issuance, the dividend rate will be fixed at between one percent (1%) and seven percent (7%) based upon the increase in QSBL as compared to the baseline. After four and one half years from issuance, the dividend rate will increase to nine percent (9%). In addition, beginning on January 1, 2014, and on all Series C Preferred Stock dividend payment dates thereafter ending on April 1, 2016, if the Company had not increased its QSBL from the baseline as of the quarter ended September 30, 2013, the Company would have been required to pay to the Department of the Treasury, on each share of Series C Preferred Stock, but only out of assets legally available, a fee equal to 0.5% of the liquidation amount per share of Series C Preferred Stock. At September 30, 2013, the Company had increased its QSBL from the baseline so that the dividend rate should remain at 1% through four and one half years from issuance.              
Redemption price description 100% of the liquidation amount plus accrued but unpaid dividends to the date of redemption                      
Redemption price, percentage of liquidation amount     100.00%                  
Increased percentage of SBLF funding 25.00%                      
Increased amount of SBLF funding $ 5.0                      
Number of quarters related to certain rividend rates           2 years 6 months            
Preferred stock, dividend rate, percentage             9.00% 1.00% 5.00% 7.00% 1.00% 1.00%
Dividend rate trigger maximum     10.00%                  
Liquidation percentage, fee per share       0.50%