New Accounting Standard

3 Months Ended

Mar. 31, 2014

New Accounting Standard [Abstract]

New Accounting Standard

2.New Accounting Standard

New Accounting Standard Not Yet Adopted

In January 2014, the Financial Accounting Standards Board issued new guidance for creditors of consumer mortgage loans, which is effective January 1, 2015. The guidance clarifies when physical possession of a property underlying a consumer mortgage loan transfers to the creditor, and therefore when a loan receivable should be derecognized and the real estate property underlying the loan should be recognized. The adoption of this new guidance is not expected to have a material impact on the Company’s financial position, results of operations, earnings per common share (EPS), or cash flows.