XML 34 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)
In Thousands, except Share data, unless otherwise specified
1 Months Ended 3 Months Ended 9 Months Ended
Jan. 31, 2012
Jan. 31, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Allowance for Loan Losses:            
Mortgage loans up to appraised value (as percentage)     80.00%   80.00%  
Mortgage loans up to appraised value with private mortgage insurance (as percentage)     90.00%   90.00%  
Minimum credit score     680   680  
Maximum debt to income ratio         40.00%  
Minimum debt to income ratio         45.00%  
Loan to value         70.00%  
Residential mortgage loans retained in portfolio - maturities         15 years  
Combined mortgage loan and junior lien loan up to appraised value (as percentage)     80.00%   80.00%  
Junior lien loan - combined debt     $ 800   $ 800  
Loan to value, maximum for junior lien loan     65.00%   65.00%  
Total compensation cost     83 61 253 273
Recognized Tax Benefit     15 11 45 46
Unrecognized Compensation Cost     580   580  
Recognized over a weighted average period         1 year 6 months  
Closing stock price (in dollars per share)     $ 16.34   $ 16.34  
Weighted-average fair value of stock options granted (in dollars per share)     $ 5.29 $ 3.68 $ 3.91 $ 3.88
Stock options and restricted stock not included in the computation of diluted EPS (in shares)     569,642 600,047 590,867 571,993
Restricted stock awards
           
Allowance for Loan Losses:            
Total compensation cost     111 667 332 191
Unrecognized Compensation Cost     $ 790   $ 790  
Recognized over a weighted average period         1 year 7 months 6 days  
Numbers of shares issued (in shares) 36,263 28,732        
Description of vesting rights The awards vest 40 percent after two years and 20 percent each year after until fully vesting on the fifth anniversary of the grant date.