XML 81 R103.htm IDEA: XBRL DOCUMENT v2.4.0.6
Preferred Stock Issuance (Details) (USD $)
1 Months Ended 2 Months Ended 12 Months Ended
Sep. 30, 2012
Jun. 28, 2012
Feb. 27, 2009
Jul. 25, 2012
Dec. 31, 2012
Dec. 31, 2011
Preferred Stock Issuance (Textual)            
Shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series T, Shares sold     17,299      
Warrant issued with option to purchase additional common shares     399,970.34      
Purchase price of fixed rate cumulative perpetual preferred stock, Series T     $ 17,300,000      
Cumulative dividend rate for first five years     5.00%   5.00%  
Cumulative dividend rate after first five years     9.00%   9.00%  
Capital purchase program warrant term     10 years      
Exercise price of CPP warrant     $ 6.487      
Preferred shares clearing price per share value   904        
Series T Preferred Stock, par value   $ 1,000     $ 0.01 $ 0.01
Number of preferred stock repurchased   1,000        
Preferred stock, shares outstanding   16,299     16,299 17,299
Operating costs incurred as a result of TARP auction 130,000          
Balance sheet impact - Shareholders' equity 904,000          
Increase in retained earnings related to discount on the shares repurchased 96,000          
Decrease In Preferred Stock Value 1,000,000          
Savings on payment of dividends, annually 50,000          
Warrant repurchase, value       1,100,000    
Difference between fair value of Warrant and repurchase value       343,000    
Remaining accretion       180,000    
Interest only line of credit, outstanding amount       $ 1,500,000 $ 1,400,000  
Quarterly rate of interest       5.00%    
Line of credit facility, maturity date         Feb. 03, 2014