v3.3.1.900
LOANS (Details) - USD ($)
$ in Thousands |
12 Months Ended |
|
|
|
|
|
Insider Loans |
|
|
|
|
Total loans |
$ 618,394
|
$ 600,935
|
|
|
Changes in the allowance for loan losses |
|
|
|
|
Balance at beginning of period |
5,140
|
4,661
|
$ 5,218
|
|
Recoveries on loans previously charged off |
690
|
325
|
200
|
|
Loans charged off |
(2,030)
|
(1,046)
|
(2,432)
|
|
Provision |
1,204
|
1,200
|
1,675
|
|
Balance at end of period |
5,004
|
5,140
|
4,661
|
|
Net charge off activity |
$ 1,340
|
$ 721
|
$ 2,232
|
|
Net charge off activity as percentage of average loans outstanding |
0.22%
|
0.14%
|
0.48%
|
|
Peninsula Financial Corporation |
|
|
|
|
Acquired portfolio |
|
|
|
|
Loans acquired - contractual payments |
$ 67,139
|
|
|
|
Nonaccretable difference |
(2,234)
|
|
|
|
Expected cash flows |
64,905
|
|
|
|
Accretable yield |
(2,844)
|
|
|
|
Carrying balance at acquisition date |
62,061
|
|
|
|
Balance at the beginning of period |
2,786
|
|
|
|
Accretion |
(1,278)
|
|
|
|
Reclassification from nonaccretable difference |
260
|
|
|
|
Balance at the end of period |
1,768
|
$ 2,786
|
|
|
Commercial real estate loans |
|
|
|
|
Insider Loans |
|
|
|
|
Total loans |
312,805
|
315,387
|
|
|
Changes in the allowance for loan losses |
|
|
|
|
Balance at beginning of period |
2,813
|
1,849
|
|
|
Recoveries on loans previously charged off |
588
|
131
|
|
|
Loans charged off |
(52)
|
(19)
|
|
|
Provision |
(1,738)
|
852
|
|
|
Balance at end of period |
1,611
|
2,813
|
$ 1,849
|
|
Commercial, financial, and agricultural |
|
|
|
|
Insider Loans |
|
|
|
|
Total loans |
122,140
|
101,895
|
|
|
Changes in the allowance for loan losses |
|
|
|
|
Balance at beginning of period |
1,539
|
1,378
|
|
|
Recoveries on loans previously charged off |
22
|
78
|
|
|
Loans charged off |
(1,749)
|
(663)
|
|
|
Provision |
833
|
746
|
|
|
Balance at end of period |
645
|
1,539
|
1,378
|
|
Commercial construction |
|
|
|
|
Insider Loans |
|
|
|
|
Total loans |
15,330
|
16,284
|
|
|
Changes in the allowance for loan losses |
|
|
|
|
Balance at beginning of period |
142
|
80
|
|
|
Recoveries on loans previously charged off |
52
|
50
|
|
|
Provision |
(115)
|
12
|
|
|
Balance at end of period |
79
|
142
|
80
|
|
One to four family residential real estate |
|
|
|
|
Insider Loans |
|
|
|
|
Total loans |
140,502
|
139,553
|
|
|
Changes in the allowance for loan losses |
|
|
|
|
Balance at beginning of period |
285
|
516
|
|
|
Recoveries on loans previously charged off |
2
|
22
|
|
|
Loans charged off |
(142)
|
(290)
|
|
|
Provision |
129
|
37
|
|
|
Balance at end of period |
274
|
285
|
516
|
|
Consumer |
|
|
|
|
Insider Loans |
|
|
|
|
Total loans |
15,847
|
18,385
|
|
|
Changes in the allowance for loan losses |
|
|
|
|
Balance at beginning of period |
13
|
148
|
|
|
Recoveries on loans previously charged off |
26
|
44
|
|
|
Loans charged off |
(87)
|
(74)
|
|
|
Provision |
112
|
(105)
|
|
|
Balance at end of period |
64
|
13
|
148
|
|
Consumer construction |
|
|
|
|
Insider Loans |
|
|
|
|
Total loans |
11,770
|
9,431
|
|
|
Changes in the allowance for loan losses |
|
|
|
|
Balance at beginning of period |
6
|
25
|
|
|
Provision |
1
|
(19)
|
|
|
Balance at end of period |
7
|
6
|
$ 25
|
|
Acquired impaired | Peninsula Financial Corporation |
|
|
|
|
Acquired portfolio |
|
|
|
|
Loans acquired - contractual payments |
13,290
|
|
|
$ 10,312
|
Nonaccretable difference |
(2,234)
|
|
|
|
Expected cash flows |
11,056
|
|
|
|
Accretable yield |
(744)
|
|
|
|
Carrying balance at acquisition date |
10,312
|
|
|
|
Balance at the beginning of period |
744
|
|
|
|
Accretion |
(578)
|
|
|
|
Reclassification from nonaccretable difference |
260
|
|
|
|
Balance at the end of period |
426
|
744
|
|
|
Acquired Non-impaired | Peninsula Financial Corporation |
|
|
|
|
Acquired portfolio |
|
|
|
|
Loans acquired - contractual payments |
53,849
|
|
|
|
Expected cash flows |
53,849
|
|
|
|
Accretable yield |
(2,100)
|
|
|
|
Carrying balance at acquisition date |
51,749
|
|
|
|
Balance at the beginning of period |
2,042
|
|
|
|
Accretion |
(700)
|
|
|
|
Balance at the end of period |
$ 1,342
|
$ 2,042
|
|
|
X |
- DefinitionReflects the amount of loans and leases as percentage of average loans outstanding that have been removed, or charged off, from both loan receivables and the reserve for credit losses. This amount is net of reduction in bad debt expense attributable to collections of loans and lease receivables which had previously been fully or partially charged off as bad debts.
+ References
+ Details
Name: |
mfnc_FinancingReceivableAllowanceForCreditLossesRecoveryNetWriteOffsAsPercentageOfAverageLoansOutstanding |
Namespace Prefix: |
mfnc_ |
Data Type: |
num:percentItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
+ Details
Name: |
us-gaap_AccountsNotesAndLoansReceivableLineItems |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
+ References
+ Details
Name: |
us-gaap_AllowanceForLoanAndLeaseLossesRollForward |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAmount, after recoveries, of loans and leases that have been written-off.
+ References
+ Details
Name: |
us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionThe aggregate excess of a loan's cash flows expected to be collected over the investor's initial investment in the loan. This relates to loans with deteriorating of credit quality since origination that were acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable.
+ References
+ Details
Name: |
us-gaap_CertainLoansAcquiredInTransferAccretableYield |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionThe amount of the loan's contractually required payments receivable in excess of the amount of its cash flows expected to be collected. This relates to loans with deteriorating of credit quality since origination that were acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable.
+ References
+ Details
Name: |
us-gaap_CertainLoansAcquiredInTransferNonaccretableDifference |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount of the excess of a loan's cash flows expected to be collected over the investor's initial investment in acquired loans not accounted for as debt securities with evidence of deterioration of credit quality.
+ References
+ Details
Name: |
us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of decrease from accretion of the excess of a loan's cash flows expected to be collected over the investor's initial investment in acquired loans not accounted for as debt securities with evidence of deterioration of credit quality.
+ References
+ Details
Name: |
us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of increase of reclassification from nonaccretable difference to the excess of a loan's cash flows expected to be collected over the investor's initial investment in acquired loans not accounted for as debt securities with evidence of deterioration of credit quality.
+ References
+ Details
Name: |
us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- References
+ Details
Name: |
us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAbstract |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:stringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFair value at acquisition of acquired loans not accounted for as debt securities with evidence of deterioration of credit quality.
+ References
+ Details
Name: |
us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of cash flows expected to be collected at acquisition of acquired loans not accounted for as debt securities with evidence of deterioration of credit quality.
+ References
+ Details
Name: |
us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodCashFlowsExpectedToBeCollectedAtAcquisition |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of contractually required payments receivable at acquisition of acquired loans not accounted for as debt securities with evidence of deterioration of credit quality.
+ References
+ Details
Name: |
us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodContractuallyRequiredPaymentsReceivableAtAcquisition |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of recovery of financing receivables doubtful of collection that were previously charged off.
+ References
+ Details
Name: |
us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
duration |
|
X |
- DefinitionAmount of direct write-downs of financing receivables charged against the allowance.
+ References
+ Details
Name: |
us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- DefinitionAmount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements.
+ References
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableAllowance |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
credit |
Period Type: |
instant |
|
X |
- DefinitionAmount before allowance of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements.
+ References
+ Details
Name: |
us-gaap_LoansAndLeasesReceivableGrossCarryingAmount |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
instant |
|
X |
- DefinitionAmount of expense related to estimated loss from loan and lease transactions.
+ References
+ Details
Name: |
us-gaap_ProvisionForLoanAndLeaseLosses |
Namespace Prefix: |
us-gaap_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_BusinessAcquisitionAxis=mfnc_PeninsulaFinancialCorporationMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialRealEstateMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=mfnc_CommercialFinancialAndAgriculturalLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConstructionLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=mfnc_OneToFourFamilyResidentialRealEstateLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConsumerLoanMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=mfnc_ConsumerConstructionLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=mfnc_AcquiredImpairedLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=mfnc_AcquiredNonimpairedLoansMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
|