☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Pennsylvania | 25-1450605 | |||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
Title of Class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Common Stock, no par value | CCNE | The NASDAQ Stock Market LLC | ||||||||||||
Depositary Shares (each representing a 1/40th interest in a share of 7.125% Series A Non-Cumulative, perpetual preferred stock) | CCNEP | The NASDAQ Stock Market LLC |
Large Accelerated Filer | ☐ | Accelerated Filer | ☒ | |||||||||||||||||
Non-accelerated filer | ☐ | Smaller reporting company | ☐ | |||||||||||||||||
Emerging growth company | ☐ |
Page Number | |||||
PART II. OTHER INFORMATION | |||||
(unaudited) | (unaudited) | |||||||||||||||||||||
June 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | |||||||||||||||||||
ASSETS | ASSETS | ASSETS | ||||||||||||||||||||
Cash and due from banks | Cash and due from banks | $ | 61,585 | $ | 42,440 | Cash and due from banks | $ | 51,178 | $ | 42,440 | ||||||||||||
Interest-bearing deposits with Federal Reserve | Interest-bearing deposits with Federal Reserve | 217,776 | 684,306 | Interest-bearing deposits with Federal Reserve | 153,156 | 684,306 | ||||||||||||||||
Interest-bearing deposits with other financial institutions | Interest-bearing deposits with other financial institutions | 4,793 | 5,452 | Interest-bearing deposits with other financial institutions | 5,462 | 5,452 | ||||||||||||||||
Total cash and cash equivalents | Total cash and cash equivalents | 284,154 | 732,198 | Total cash and cash equivalents | 209,796 | 732,198 | ||||||||||||||||
Debt securities available-for-sale, at fair value(amortized cost of $450,904 and $698,085, respectively) | 404,407 | 697,191 | ||||||||||||||||||||
Debt securities held-to-maturity, at amortized cost (fair value $389,933 and $0, respectively) | 413,310 | 0 | ||||||||||||||||||||
Debt securities available-for-sale, at fair value (amortized cost of $443,516 and $698,085, respectively) | Debt securities available-for-sale, at fair value (amortized cost of $443,516 and $698,085, respectively) | 378,236 | 697,191 | |||||||||||||||||||
Debt securities held-to-maturity, at amortized cost (fair value $369,102 and $0, respectively) | Debt securities held-to-maturity, at amortized cost (fair value $369,102 and $0, respectively) | 408,209 | 0 | |||||||||||||||||||
Equity securities | Equity securities | 9,539 | 10,366 | Equity securities | 9,235 | 10,366 | ||||||||||||||||
Loans held for sale | Loans held for sale | 843 | 849 | Loans held for sale | 624 | 849 | ||||||||||||||||
Loans receivable | Loans receivable | Loans receivable | ||||||||||||||||||||
PPP loans, net of deferred processing fees | PPP loans, net of deferred processing fees | 2,287 | 45,203 | PPP loans, net of deferred processing fees | 462 | 45,203 | ||||||||||||||||
Syndicated loans | Syndicated loans | 153,154 | 125,761 | Syndicated loans | 152,783 | 125,761 | ||||||||||||||||
Loans | Loans | 3,754,312 | 3,463,828 | Loans | 3,871,420 | 3,463,828 | ||||||||||||||||
Total loans receivable | Total loans receivable | 3,909,753 | 3,634,792 | Total loans receivable | 4,024,665 | 3,634,792 | ||||||||||||||||
Less: allowance for credit losses | Less: allowance for credit losses | (40,543) | (37,588) | Less: allowance for credit losses | (41,269) | (37,588) | ||||||||||||||||
Net loans receivable | Net loans receivable | 3,869,210 | 3,597,204 | Net loans receivable | 3,983,396 | 3,597,204 | ||||||||||||||||
FHLB and other restricted stock holdings and investments | FHLB and other restricted stock holdings and investments | 24,484 | 23,276 | FHLB and other restricted stock holdings and investments | 23,923 | 23,276 | ||||||||||||||||
Premises and equipment, net | Premises and equipment, net | 62,990 | 61,659 | Premises and equipment, net | 65,961 | 61,659 | ||||||||||||||||
Operating lease right-of-use assets | Operating lease right-of-use assets | 25,471 | 19,928 | Operating lease right-of-use assets | 28,004 | 19,928 | ||||||||||||||||
Bank owned life insurance | Bank owned life insurance | 103,723 | 99,719 | Bank owned life insurance | 101,974 | 99,719 | ||||||||||||||||
Mortgage servicing rights | Mortgage servicing rights | 1,881 | 1,664 | Mortgage servicing rights | 1,860 | 1,664 | ||||||||||||||||
Goodwill | Goodwill | 43,749 | 43,749 | Goodwill | 43,749 | 43,749 | ||||||||||||||||
Core deposit intangible, net | Core deposit intangible, net | 410 | 460 | Core deposit intangible, net | 386 | 460 | ||||||||||||||||
Accrued interest receivable and other assets | Accrued interest receivable and other assets | 55,144 | 40,676 | Accrued interest receivable and other assets | 61,993 | 40,676 | ||||||||||||||||
Total Assets | Total Assets | $ | 5,299,315 | $ | 5,328,939 | Total Assets | $ | 5,317,346 | $ | 5,328,939 | ||||||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | LIABILITIES AND SHAREHOLDERS’ EQUITY | LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||||||||||
Noninterest-bearing demand deposits | Noninterest-bearing demand deposits | $ | 851,172 | $ | 792,086 | Noninterest-bearing demand deposits | $ | 867,662 | $ | 792,086 | ||||||||||||
Interest-bearing demand deposits | Interest-bearing demand deposits | 1,147,376 | 1,079,336 | Interest-bearing demand deposits | 1,055,367 | 1,079,336 | ||||||||||||||||
Savings | Savings | 2,398,995 | 2,457,745 | Savings | 2,376,694 | 2,457,745 | ||||||||||||||||
Certificates of deposit | Certificates of deposit | 304,277 | 386,452 | Certificates of deposit | 324,088 | 386,452 | ||||||||||||||||
Total deposits | Total deposits | 4,701,820 | 4,715,619 | Total deposits | 4,623,811 | 4,715,619 | ||||||||||||||||
Subordinated debentures | Subordinated debentures | 20,620 | 20,620 | Subordinated debentures | 20,620 | 20,620 | ||||||||||||||||
Subordinated notes, net of unamortized issuance costs | Subordinated notes, net of unamortized issuance costs | 83,812 | 83,661 | Subordinated notes, net of unamortized issuance costs | 83,888 | 83,661 | ||||||||||||||||
Operating lease liabilities | Operating lease liabilities | 26,785 | 21,159 | Operating lease liabilities | 29,366 | 21,159 | ||||||||||||||||
Accrued interest payable and other liabilities | Accrued interest payable and other liabilities | 42,690 | 45,033 | Accrued interest payable and other liabilities | 43,533 | 45,033 | ||||||||||||||||
Total liabilities | Total liabilities | 4,875,727 | 4,886,092 | Total liabilities | 4,801,218 | 4,886,092 | ||||||||||||||||
Commitments and contingent liabilities | Commitments and contingent liabilities | 0 | 0 | Commitments and contingent liabilities | ||||||||||||||||||
Preferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; shares authorized 60,375; Shares issued 60,375 at June 30, 2022 and December 31, 2021 | 57,785 | 57,785 | ||||||||||||||||||||
Common stock, no par value; 50,000,000 shares authorized; Shares issued 16,978,057 at June 30, 2022 and 16,978,057 at December 31, 2021 | 0 | 0 | ||||||||||||||||||||
Preferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; shares authorized 60,375; Shares issued 60,375 at September 30, 2022 and December 31, 2021 | Preferred stock, Series A non-cumulative perpetual, $0 par value; $1,000 liquidation preference; shares authorized 60,375; Shares issued 60,375 at September 30, 2022 and December 31, 2021 | 57,785 | 57,785 | |||||||||||||||||||
Common stock, no par value; 50,000,000 shares authorized; Shares issued 21,235,503 at September 30, 2022 and 16,978,057 at December 31, 2021 | Common stock, no par value; 50,000,000 shares authorized; Shares issued 21,235,503 at September 30, 2022 and 16,978,057 at December 31, 2021 | 0 | 0 | |||||||||||||||||||
Additional paid in capital | Additional paid in capital | 126,986 | 127,351 | Additional paid in capital | 221,326 | 127,351 | ||||||||||||||||
Retained earnings | Retained earnings | 283,204 | 260,582 | Retained earnings | 295,803 | 260,582 | ||||||||||||||||
Treasury stock, at cost (118,471 shares at June 30, 2022 and 122,995 shares December 31, 2021) | (3,026) | (2,477) | ||||||||||||||||||||
Treasury stock, at cost (114,919 shares at September 30, 2022 and 122,995 shares December 31, 2021) | Treasury stock, at cost (114,919 shares at September 30, 2022 and 122,995 shares December 31, 2021) | (2,975) | (2,477) | |||||||||||||||||||
Accumulated other comprehensive loss | Accumulated other comprehensive loss | (41,361) | (394) | Accumulated other comprehensive loss | (55,811) | (394) | ||||||||||||||||
Total shareholders’ equity | Total shareholders’ equity | 423,588 | 442,847 | Total shareholders’ equity | 516,128 | 442,847 | ||||||||||||||||
Total Liabilities and Shareholders’ Equity | Total Liabilities and Shareholders’ Equity | $ | 5,299,315 | $ | 5,328,939 | Total Liabilities and Shareholders’ Equity | $ | 5,317,346 | $ | 5,328,939 |
Three Months Ended June 30, | Six Months Ended June 30, | Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
INTEREST AND DIVIDEND INCOME: | INTEREST AND DIVIDEND INCOME: | INTEREST AND DIVIDEND INCOME: | ||||||||||||||||||||||||||||||||||||||||||||
Loans receivable including fees | Loans receivable including fees | Loans receivable including fees | ||||||||||||||||||||||||||||||||||||||||||||
Interest and fees on loans receivable | Interest and fees on loans receivable | $ | 44,666 | $ | 38,895 | $ | 85,816 | $ | 77,303 | Interest and fees on loans receivable | $ | 50,552 | $ | 39,573 | $ | 136,368 | $ | 116,876 | ||||||||||||||||||||||||||||
Processing fees on PPP loans | Processing fees on PPP loans | 559 | 1,639 | 1,796 | 4,370 | Processing fees on PPP loans | 74 | 2,447 | 1,870 | 6,817 | ||||||||||||||||||||||||||||||||||||
Securities: | Securities: | Securities: | ||||||||||||||||||||||||||||||||||||||||||||
Taxable | Taxable | 4,254 | 2,679 | 7,868 | 5,340 | Taxable | 4,413 | 3,125 | 12,281 | 8,465 | ||||||||||||||||||||||||||||||||||||
Tax-exempt | Tax-exempt | 227 | 270 | 446 | 621 | Tax-exempt | 219 | 268 | 665 | 889 | ||||||||||||||||||||||||||||||||||||
Dividends | Dividends | 35 | 45 | 69 | 189 | Dividends | 40 | 35 | 109 | 224 | ||||||||||||||||||||||||||||||||||||
Total interest and dividend income | Total interest and dividend income | 49,741 | 43,528 | 95,995 | 87,823 | Total interest and dividend income | 55,298 | 45,448 | 151,293 | 133,271 | ||||||||||||||||||||||||||||||||||||
INTEREST EXPENSE: | INTEREST EXPENSE: | INTEREST EXPENSE: | ||||||||||||||||||||||||||||||||||||||||||||
Deposits | Deposits | 2,487 | 4,072 | 5,193 | 8,352 | Deposits | 4,408 | 3,433 | 9,601 | 11,785 | ||||||||||||||||||||||||||||||||||||
Finance lease liabilities | Finance lease liabilities | 5 | 6 | 10 | 12 | Finance lease liabilities | 5 | 6 | 15 | 18 | ||||||||||||||||||||||||||||||||||||
Subordinated notes and debentures (includes $51, $62, $118 and $131 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements, respectively) | 948 | 1,145 | 1,874 | 2,033 | ||||||||||||||||||||||||||||||||||||||||||
Subordinated notes and debentures (includes $26, $73, $144 and $204 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements, respectively) | Subordinated notes and debentures (includes $26, $73, $144 and $204 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements, respectively) | 977 | 1,714 | 2,851 | 3,747 | |||||||||||||||||||||||||||||||||||||||||
Total interest expense | Total interest expense | 3,440 | 5,223 | 7,077 | 10,397 | Total interest expense | 5,390 | 5,153 | 12,467 | 15,550 | ||||||||||||||||||||||||||||||||||||
NET INTEREST INCOME | NET INTEREST INCOME | 46,301 | 38,305 | 88,918 | 77,426 | NET INTEREST INCOME | 49,908 | 40,295 | 138,826 | 117,721 | ||||||||||||||||||||||||||||||||||||
PROVISION FOR CREDIT LOSS EXPENSE | PROVISION FOR CREDIT LOSS EXPENSE | 2,905 | 1,967 | 4,548 | 4,089 | PROVISION FOR CREDIT LOSS EXPENSE | 1,091 | 1,100 | 5,639 | 5,189 | ||||||||||||||||||||||||||||||||||||
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXPENSE | NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXPENSE | 43,396 | 36,338 | 84,370 | 73,337 | NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXPENSE | 48,817 | 39,195 | 133,187 | 112,532 | ||||||||||||||||||||||||||||||||||||
NON-INTEREST INCOME: | NON-INTEREST INCOME: | NON-INTEREST INCOME: | ||||||||||||||||||||||||||||||||||||||||||||
Service charges on deposit accounts | Service charges on deposit accounts | 1,771 | 1,446 | 3,528 | 2,794 | Service charges on deposit accounts | 1,872 | 1,595 | 5,400 | 4,389 | ||||||||||||||||||||||||||||||||||||
Other service charges and fees | Other service charges and fees | 784 | 601 | 1,439 | 1,091 | Other service charges and fees | 814 | 614 | 2,253 | 1,705 | ||||||||||||||||||||||||||||||||||||
Wealth and asset management fees | Wealth and asset management fees | 1,803 | 1,765 | 3,586 | 3,287 | Wealth and asset management fees | 1,870 | 1,734 | 5,456 | 5,021 | ||||||||||||||||||||||||||||||||||||
Net realized gains on available-for-sale securities (includes $0, $0, $651 and $0 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities, respectively) | Net realized gains on available-for-sale securities (includes $0, $0, $651 and $0 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities, respectively) | 0 | 0 | 651 | 0 | Net realized gains on available-for-sale securities (includes $0, $0, $651 and $0 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities, respectively) | 0 | 0 | 651 | 0 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gains (losses) on equity securities | Net realized and unrealized gains (losses) on equity securities | (641) | 350 | (1,035) | 470 | Net realized and unrealized gains (losses) on equity securities | (398) | 7 | (1,433) | 477 | ||||||||||||||||||||||||||||||||||||
Mortgage banking | Mortgage banking | 292 | 536 | 767 | 1,771 | Mortgage banking | 298 | 844 | 1,065 | 2,615 | ||||||||||||||||||||||||||||||||||||
Bank owned life insurance | Bank owned life insurance | 1,390 | 504 | 2,084 | 1,444 | Bank owned life insurance | 694 | 558 | 2,778 | 2,002 | ||||||||||||||||||||||||||||||||||||
Card processing and interchange income | Card processing and interchange income | 1,992 | 2,079 | 3,801 | 3,913 | Card processing and interchange income | 1,975 | 1,958 | 5,776 | 5,871 | ||||||||||||||||||||||||||||||||||||
Other | 755 | 576 | 2,979 | 1,326 | ||||||||||||||||||||||||||||||||||||||||||
Other non-interest income | Other non-interest income | 834 | 1,104 | 3,813 | 2,430 | |||||||||||||||||||||||||||||||||||||||||
Total non-interest income | Total non-interest income | 8,146 | 7,857 | 17,800 | 16,096 | Total non-interest income | 7,959 | 8,414 | 25,759 | 24,510 | ||||||||||||||||||||||||||||||||||||
NON-INTEREST EXPENSES: | NON-INTEREST EXPENSES: | NON-INTEREST EXPENSES: | ||||||||||||||||||||||||||||||||||||||||||||
Compensation and benefits | Compensation and benefits | 16,771 | 13,518 | 33,759 | 28,091 | Compensation and benefits | 18,901 | 15,351 | 52,660 | 43,442 | ||||||||||||||||||||||||||||||||||||
Net occupancy expense | Net occupancy expense | 3,335 | 2,935 | 6,565 | 6,204 | Net occupancy expense | 3,375 | 2,950 | 9,940 | 9,154 | ||||||||||||||||||||||||||||||||||||
Technology expense | Technology expense | 4,024 | 2,888 | 7,396 | 5,558 | Technology expense | 4,552 | 2,894 | 11,948 | 8,452 | ||||||||||||||||||||||||||||||||||||
State and local taxes | State and local taxes | 1,037 | 1,029 | 2,085 | 2,046 | State and local taxes | 1,036 | 1,050 | 3,121 | 3,096 | ||||||||||||||||||||||||||||||||||||
Legal, professional, and examination fees | Legal, professional, and examination fees | 1,176 | 897 | 2,013 | 2,050 | Legal, professional, and examination fees | 1,019 | 735 | 3,032 | 2,785 | ||||||||||||||||||||||||||||||||||||
Advertising | Advertising | 537 | 549 | 1,157 | 830 | Advertising | 709 | 488 | 1,866 | 1,318 | ||||||||||||||||||||||||||||||||||||
FDIC insurance premiums | FDIC insurance premiums | 710 | 557 | 1,433 | 1,173 | FDIC insurance premiums | 709 | 647 | 2,142 | 1,820 | ||||||||||||||||||||||||||||||||||||
Dues and subscriptions | Dues and subscriptions | 534 | 446 | 1,134 | 899 | Dues and subscriptions | 476 | 602 | 1,610 | 1,501 | ||||||||||||||||||||||||||||||||||||
Card processing and interchange expenses | Card processing and interchange expenses | 1,256 | 1,408 | 2,285 | 2,088 | Card processing and interchange expenses | 1,201 | 728 | 3,486 | 2,816 | ||||||||||||||||||||||||||||||||||||
Other | 3,229 | 2,738 | 6,674 | 5,830 | ||||||||||||||||||||||||||||||||||||||||||
Other non-interest expenses | Other non-interest expenses | 4,122 | 3,754 | 10,796 | 9,584 | |||||||||||||||||||||||||||||||||||||||||
Total non-interest expenses | Total non-interest expenses | 32,609 | 26,965 | 64,501 | 54,769 | Total non-interest expenses | 36,100 | 29,199 | 100,601 | 83,968 | ||||||||||||||||||||||||||||||||||||
INCOME BEFORE INCOME TAXES | INCOME BEFORE INCOME TAXES | 18,933 | 17,230 | 37,669 | 34,664 | INCOME BEFORE INCOME TAXES | 20,676 | 18,410 | 58,345 | 53,074 | ||||||||||||||||||||||||||||||||||||
INCOME TAX EXPENSE (includes $(11), $(14), $113 and $(28) income tax expense from reclassification items, respectively) | 3,495 | 3,240 | 6,986 | 6,493 | ||||||||||||||||||||||||||||||||||||||||||
INCOME TAX EXPENSE (includes $(7), $(15), $106 and $(43) income tax expense from reclassification items, respectively) | INCOME TAX EXPENSE (includes $(7), $(15), $106 and $(43) income tax expense from reclassification items, respectively) | 4,051 | 3,503 | 11,037 | 9,996 | |||||||||||||||||||||||||||||||||||||||||
NET INCOME | NET INCOME | 15,438 | 13,990 | 30,683 | 28,171 | NET INCOME | 16,625 | 14,907 | 47,308 | 43,078 | ||||||||||||||||||||||||||||||||||||
PREFERRED STOCK DIVIDENDS | PREFERRED STOCK DIVIDENDS | 1,075 | 1,075 | 2,150 | 2,150 | PREFERRED STOCK DIVIDENDS | 1,076 | 1,076 | 3,226 | 3,226 | ||||||||||||||||||||||||||||||||||||
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS | $ | 14,363 | $ | 12,915 | $ | 28,533 | $ | 26,021 | ||||||||||||||||||||||||||||||||||||||
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | $ | 15,549 | $ | 13,831 | $ | 44,082 | $ | 39,852 | |||||||||||||||||||||||||||||||||||||
PER COMMON SHARE DATA: | PER COMMON SHARE DATA: | PER COMMON SHARE DATA: | ||||||||||||||||||||||||||||||||||||||||||||
Basic Earnings Per Common Share | Basic Earnings Per Common Share | $ | 0.85 | $ | 0.76 | $ | 1.69 | $ | 1.54 | Basic Earnings Per Common Share | $ | 0.90 | $ | 0.82 | $ | 2.59 | $ | 2.36 | ||||||||||||||||||||||||||||
Diluted Earnings Per Common Share | Diluted Earnings Per Common Share | $ | 0.85 | $ | 0.76 | $ | 1.69 | $ | 1.54 | Diluted Earnings Per Common Share | $ | 0.90 | $ | 0.82 | $ | 2.59 | $ | 2.36 | ||||||||||||||||||||||||||||
Cash Dividends Declared | Cash Dividends Declared | $ | 0.175 | $ | 0.170 | $ | 0.350 | $ | 0.340 | Cash Dividends Declared | $ | 0.175 | $ | 0.170 | $ | 0.525 | $ | 0.510 |
Three Months Ended June 30, | Six Months Ended June 30, | Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
NET INCOME | NET INCOME | $ | 15,438 | $ | 13,990 | $ | 30,683 | $ | 28,171 | NET INCOME | $ | 16,625 | $ | 14,907 | $ | 47,308 | $ | 43,078 | ||||||||||||||||||||||||||||
Other comprehensive income (loss), net of tax: | Other comprehensive income (loss), net of tax: | Other comprehensive income (loss), net of tax: | ||||||||||||||||||||||||||||||||||||||||||||
Net change in fair value of derivative instruments: | Net change in fair value of derivative instruments: | Net change in fair value of derivative instruments: | ||||||||||||||||||||||||||||||||||||||||||||
Unrealized gain on interest rate swaps, net of tax $(18), $0, $(60) and $(8), respectively | 70 | 2 | 228 | 31 | ||||||||||||||||||||||||||||||||||||||||||
Reclassification adjustment for losses recognized in earnings, net of tax $(11), $(14), $(24) and $(28), respectively | 40 | 48 | 94 | 103 | ||||||||||||||||||||||||||||||||||||||||||
Unrealized gain (loss) on interest rate swaps, net of tax $(19), $1, $(79) and $(7), respectively | Unrealized gain (loss) on interest rate swaps, net of tax $(19), $1, $(79) and $(7), respectively | 69 | (5) | 297 | 26 | |||||||||||||||||||||||||||||||||||||||||
Reclassification adjustment for losses recognized in earnings, net of tax $(7), $(15), $(31) and $(43), respectively | Reclassification adjustment for losses recognized in earnings, net of tax $(7), $(15), $(31) and $(43), respectively | 19 | 58 | 113 | 161 | |||||||||||||||||||||||||||||||||||||||||
110 | 50 | 322 | 134 | 88 | 53 | 410 | 187 | |||||||||||||||||||||||||||||||||||||||
Net change in debt securities: | Net change in debt securities: | Net change in debt securities: | ||||||||||||||||||||||||||||||||||||||||||||
Unrealized holding gains (losses) on available-for-sale securities arising during the period, net of tax of $3,866, $(518), $10,936 and $1,933, respectively | (14,546) | 1,950 | (41,146) | (7,264) | ||||||||||||||||||||||||||||||||||||||||||
Amortization of unrealized gains from held-to-maturity securities, net of tax of $(112), $0, $(98) and $0, respectively | 422 | 0 | 371 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Unrealized holding losses on available-for-sale securities arising during the period, net of tax of $3,945, $970, $14,881 and $2,903, respectively | Unrealized holding losses on available-for-sale securities arising during the period, net of tax of $3,945, $970, $14,881 and $2,903, respectively | (14,838) | (3,660) | (55,984) | (10,924) | |||||||||||||||||||||||||||||||||||||||||
Amortization of unrealized gains from held-to-maturity securities, net of tax of $(80), $0, $(178) and $0, respectively | Amortization of unrealized gains from held-to-maturity securities, net of tax of $(80), $0, $(178) and $0, respectively | 300 | 0 | 671 | 0 | |||||||||||||||||||||||||||||||||||||||||
Reclassification adjustment for realized losses included in net income, net of tax of $0, $0, $137 and $0, respectively | Reclassification adjustment for realized losses included in net income, net of tax of $0, $0, $137 and $0, respectively | 0 | 0 | (514) | 0 | Reclassification adjustment for realized losses included in net income, net of tax of $0, $0, $137 and $0, respectively | 0 | 0 | (514) | 0 | ||||||||||||||||||||||||||||||||||||
(14,124) | 1,950 | (41,289) | (7,264) | (14,538) | (3,660) | (55,827) | (10,924) | |||||||||||||||||||||||||||||||||||||||
Other comprehensive income (loss) | Other comprehensive income (loss) | (14,014) | 2,000 | (40,967) | (7,130) | Other comprehensive income (loss) | (14,450) | (3,607) | (55,417) | (10,737) | ||||||||||||||||||||||||||||||||||||
COMPREHENSIVE INCOME (LOSS) | COMPREHENSIVE INCOME (LOSS) | $ | 1,424 | $ | 15,990 | $ | (10,284) | $ | 21,041 | COMPREHENSIVE INCOME (LOSS) | $ | 2,175 | $ | 11,300 | $ | (8,109) | $ | 32,341 |
Preferred Stock | Additional Paid-In Capital | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Total Share- holders’ Equity | Preferred Stock | Additional Paid-In Capital | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Total Share- holders’ Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, April 1, 2022 | $ | 57,785 | $ | 126,703 | $ | 271,792 | $ | (2,998) | $ | (27,347) | $ | 425,935 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, July 1, 2022 | Balance, July 1, 2022 | $ | 57,785 | $ | 126,986 | $ | 283,204 | $ | (3,026) | $ | (41,361) | $ | 423,588 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | Net income | 15,438 | 15,438 | Net income | 16,625 | 16,625 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | Other comprehensive loss | (14,014) | (14,014) | Other comprehensive loss | (14,450) | (14,450) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forfeiture of restricted stock award grants (1,090 shares) | 27 | (27) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forfeiture of restricted stock award grants (112 shares) | Forfeiture of restricted stock award grants (112 shares) | 3 | (3) | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock award grants (664 shares) | Restricted stock award grants (664 shares) | (10) | 10 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation expense | Stock-based compensation expense | 256 | 256 | Stock-based compensation expense | 256 | 256 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, net of issuance costs (4,257,446 shares) | Issuance of common stock, net of issuance costs (4,257,446 shares) | 94,051 | 94,051 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contribution of treasury stock (3,000 shares) | Contribution of treasury stock (3,000 shares) | (44) | 44 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based contribution expense | Stock-based contribution expense | 84 | 84 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (22 shares) | (1) | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred cash dividend declared | Preferred cash dividend declared | (1,075) | (1,075) | Preferred cash dividend declared | (1,076) | (1,076) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends declared ($0.175 per common share) | Cash dividends declared ($0.175 per common share) | (2,951) | (2,951) | Cash dividends declared ($0.175 per common share) | (2,950) | (2,950) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2022 | $ | 57,785 | $ | 126,986 | $ | 283,204 | $ | (3,026) | $ | (41,361) | $ | 423,588 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, September 30, 2022 | Balance, September 30, 2022 | $ | 57,785 | $ | 221,326 | $ | 295,803 | $ | (2,975) | $ | (55,811) | $ | 516,128 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, April 1, 2021 | $ | 57,785 | $ | 126,572 | $ | 228,973 | $ | (1,671) | $ | 5,944 | $ | 417,603 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, July 1, 2021 | Balance, July 1, 2021 | $ | 57,785 | $ | 126,875 | $ | 239,017 | $ | (1,672) | $ | 7,944 | $ | 429,949 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income | Net income | 13,990 | 13,990 | Net income | 14,907 | 14,907 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive gain | Other comprehensive gain | 2,000 | 2,000 | Other comprehensive gain | (3,607) | (3,607) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock award grants (2,203 shares) | Restricted stock award grants (2,203 shares) | (57) | 57 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation expense | Stock-based compensation expense | 312 | 312 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contribution of treasury stock (3,000 shares) | Contribution of treasury stock (3,000 shares) | (81) | 81 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based contribution expense | Stock-based contribution expense | 75 | 75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation expense | 303 | 303 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (65 shares) | (1) | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (28 shares) | Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (28 shares) | (1) | (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred cash dividend declared | Preferred cash dividend declared | (1,075) | (1,075) | Preferred cash dividend declared | (1,076) | (1,076) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends declared ($0.170 per common share) | Cash dividends declared ($0.170 per common share) | (2,871) | (2,871) | Cash dividends declared ($0.170 per common share) | (2,870) | (2,870) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2021 | $ | 57,785 | $ | 126,875 | $ | 239,017 | $ | (1,672) | $ | 7,944 | $ | 429,949 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, September 30, 2021 | Balance, September 30, 2021 | $ | 57,785 | $ | 127,124 | $ | 249,978 | $ | (1,535) | $ | 4,337 | $ | 437,689 |
Preferred Stock | Additional Paid-In Capital | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Total Share- holders’ Equity | Preferred Stock | Additional Paid-In Capital | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Total Share- holders’ Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, January 1, 2022 | Balance, January 1, 2022 | $ | 57,785 | $ | 127,351 | $ | 260,582 | $ | (2,477) | $ | (394) | $ | 442,847 | Balance, January 1, 2022 | $ | 57,785 | $ | 127,351 | $ | 260,582 | $ | (2,477) | $ | (394) | $ | 442,847 | ||||||||||||||||||||||||||||||||||||||||||||
Net income | Net income | 30,683 | 30,683 | Net income | 47,308 | 47,308 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | Other comprehensive loss | (40,967) | (40,967) | Other comprehensive loss | (55,417) | (55,417) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forfeiture of restricted stock award grants (1,090 shares) | 27 | (27) | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock award grants (56,159 shares) | (976) | 976 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forfeiture of restricted stock award grants (1,202 shares) | Forfeiture of restricted stock award grants (1,202 shares) | 30 | (30) | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock award grants (56,823 shares) | Restricted stock award grants (56,823 shares) | (986) | 986 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance based restricted stock award grants (11,895 shares) | Performance based restricted stock award grants (11,895 shares) | (173) | 173 | 0 | Performance based restricted stock award grants (11,895 shares) | (173) | 173 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation expense | Stock-based compensation expense | 757 | 757 | Stock-based compensation expense | 1,013 | 1,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contribution of treasury stock (3,000 shares) | Contribution of treasury stock (3,000 shares) | (44) | 44 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based contribution expense | Stock-based contribution expense | 84 | 84 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of common stock, net of issuance costs (4,257,446 shares) | Issuance of common stock, net of issuance costs (4,257,446 shares) | 94,051 | 94,051 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock (50,166 shares) | Purchase of treasury stock (50,166 shares) | (1,342) | (1,342) | Purchase of treasury stock (50,166 shares) | (1,342) | (1,342) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (7,568 shares) | Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (7,568 shares) | (203) | (203) | Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (7,568 shares) | (203) | (203) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock for the purpose of tax withholding related to performance based restricted stock award vesting (4,706 shares) | Purchase of treasury stock for the purpose of tax withholding related to performance based restricted stock award vesting (4,706 shares) | (126) | (126) | Purchase of treasury stock for the purpose of tax withholding related to performance based restricted stock award vesting (4,706 shares) | (126) | (126) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred cash dividend declared | Preferred cash dividend declared | (2,150) | (2,150) | Preferred cash dividend declared | (3,226) | (3,226) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends declared ($0.35 per common share) | (5,911) | (5,911) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2022 | $ | 57,785 | $ | 126,986 | $ | 283,204 | $ | (3,026) | $ | (41,361) | $ | 423,588 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends declared ($0.525 per common share) | Cash dividends declared ($0.525 per common share) | (8,861) | (8,861) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, September 30, 2022 | Balance, September 30, 2022 | $ | 57,785 | $ | 221,326 | $ | 295,803 | $ | (2,975) | $ | (55,811) | $ | 516,128 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, January 1, 2021 | Balance, January 1, 2021 | $ | 57,785 | $ | 127,518 | $ | 218,727 | $ | (2,967) | $ | 15,074 | $ | 416,137 | Balance, January 1, 2021 | $ | 57,785 | $ | 127,518 | $ | 218,727 | $ | (2,967) | $ | 15,074 | $ | 416,137 | ||||||||||||||||||||||||||||||||||||||||||||
Net income | Net income | 28,171 | 28,171 | Net income | 43,078 | 43,078 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other comprehensive loss | Other comprehensive loss | (7,130) | (7,130) | Other comprehensive loss | (10,737) | (10,737) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forfeiture of restricted stock award grants (1,578 shares) | Forfeiture of restricted stock award grants (1,578 shares) | 35 | (35) | 0 | Forfeiture of restricted stock award grants (1,578 shares) | 35 | (35) | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock award grants (50,106 shares) | (1,228) | 1,228 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock award grants (52,309 shares) | Restricted stock award grants (52,309 shares) | (1,285) | 1,285 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance based restricted stock award grants (10,587 shares) | Performance based restricted stock award grants (10,587 shares) | (262) | 262 | 0 | Performance based restricted stock award grants (10,587 shares) | (262) | 262 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based compensation expense | Stock-based compensation expense | 812 | 812 | Stock-based compensation expense | 1,124 | 1,124 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contribution of treasury stock (3,000 shares) | Contribution of treasury stock (3,000 shares) | (81) | 81 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-based contribution expense | Stock-based contribution expense | 75 | 75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (6,663 shares) | (140) | (140) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (6,691 shares) | Purchase of treasury stock for the purpose of tax withholding related to restricted stock award vesting (6,691 shares) | (141) | (141) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase of treasury stock for the purpose of tax withholding related to performance based restricted stock award vesting (941 shares) | Purchase of treasury stock for the purpose of tax withholding related to performance based restricted stock award vesting (941 shares) | (20) | (20) | Purchase of treasury stock for the purpose of tax withholding related to performance based restricted stock award vesting (941 shares) | (20) | (20) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred cash dividend declared | Preferred cash dividend declared | (2,150) | (2,150) | Preferred cash dividend declared | (3,226) | (3,226) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends declared ($0.34 per common share) | (5,731) | (5,731) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, June 30, 2021 | $ | 57,785 | $ | 126,875 | $ | 239,017 | $ | (1,672) | $ | 7,944 | $ | 429,949 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash dividends declared ($0.51 per common share) | Cash dividends declared ($0.51 per common share) | (8,601) | (8,601) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, September 30, 2021 | Balance, September 30, 2021 | $ | 57,785 | $ | 127,124 | $ | 249,978 | $ | (1,535) | $ | 4,337 | $ | 437,689 |
Six Months Ended June 30, | |||||||||||
2022 | 2021 | ||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||
Net income | $ | 30,683 | $ | 28,171 | |||||||
Adjustments to reconcile net income to net cash provided by operations: | |||||||||||
Provision for credit loss expense | 4,548 | 4,089 | |||||||||
Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights | 3,483 | 3,390 | |||||||||
Accretion of securities, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income | (1,741) | (1,058) | |||||||||
Net amortization of deferred costs on borrowings | 151 | 25 | |||||||||
Accretion of deferred PPP processing fees | (1,796) | (4,370) | |||||||||
Net realized gains on sales of available-for-sale securities | (651) | 0 | |||||||||
Net realized and unrealized (gains) losses on equity securities | 1,035 | (470) | |||||||||
Gain on sale of loans receivable | (930) | (1,568) | |||||||||
Net losses on dispositions of premises and equipment and foreclosed assets | 40 | 245 | |||||||||
Proceeds from sale of loans receivable | 17,367 | 35,912 | |||||||||
Origination of loans held for sale | (23,168) | (42,030) | |||||||||
Income on bank owned life insurance | (1,254) | (1,034) | |||||||||
Gain on bank owned life insurance (death benefit proceeds in excess of cash surrender value) | (830) | (410) | |||||||||
Restricted stock compensation expense | 757 | 812 | |||||||||
Changes in: | |||||||||||
Accrued interest receivable and other assets | (13,770) | (1,592) | |||||||||
Accrued interest payable, lease liabilities, and other liabilities | 7,891 | 833 | |||||||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | 21,815 | 20,945 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
Proceeds from maturities, prepayments and calls of available-for-sale securities | 47,229 | 87,541 | |||||||||
Proceeds from sales of available-for-sale securities | 22,164 | 0 | |||||||||
Purchase of available-for-sale securities | (43,055) | (190,818) | |||||||||
Proceeds from maturities, prepayments and calls of held-to-maturity securities | 14,707 | 0 | |||||||||
Purchases of held-to-maturity securities | (213,853) | 0 | |||||||||
Purchase of equity securities | (208) | (201) | |||||||||
Net increase in loans receivable | (265,410) | (87,969) | |||||||||
Purchase of bank owned life insurance | (2,750) | (22,000) | |||||||||
Proceeds from death benefit of bank owned life insurance policies | 0 | 1,390 | |||||||||
Redemption (purchase) of FHLB, other equity, and restricted equity interests | (1,208) | (460) | |||||||||
Purchase of premises and equipment | (3,991) | (2,463) | |||||||||
Proceeds from the sale of premises and equipment and foreclosed assets | 47 | 518 | |||||||||
NET CASH USED BY INVESTING ACTIVITIES | (446,328) | (214,462) | |||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||
Net change in: | |||||||||||
Checking, money market and savings accounts | 68,376 | 355,307 | |||||||||
Certificates of deposit | (82,175) | (32,286) | |||||||||
Purchase of treasury stock | (1,671) | (160) | |||||||||
Cash dividends paid, common stock | (5,911) | (5,731) | |||||||||
Cash dividends paid, preferred stock | (2,150) | (2,150) | |||||||||
Proceeds from issuance of subordinated notes, net of issuance costs | 0 | 83,516 | |||||||||
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES | (23,531) | 398,496 | |||||||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (448,044) | 204,979 | |||||||||
CASH AND CASH EQUIVALENTS, Beginning | 732,198 | 532,694 | |||||||||
CASH AND CASH EQUIVALENTS, Ending | $ | 284,154 | $ | 737,673 | |||||||
Nine Months Ended September 30, | |||||||||||
2022 | 2021 | ||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||
Net income | $ | 47,308 | $ | 43,078 | |||||||
Adjustments to reconcile net income to net cash provided by operations: | |||||||||||
Provision for credit loss expense | 5,639 | 5,189 | |||||||||
Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights | 5,256 | 5,075 | |||||||||
Accretion of securities, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income | (2,246) | (1,251) | |||||||||
Net amortization of deferred costs on borrowings | 227 | 101 | |||||||||
Accretion of deferred PPP processing fees | (1,870) | (6,817) | |||||||||
Net realized gains on sales of available-for-sale securities | (651) | 0 | |||||||||
Net realized and unrealized (gains) losses on equity securities | 1,433 | (477) | |||||||||
Gain on sale of loans held for sale | (1,176) | (2,315) | |||||||||
Net losses on dispositions of premises and equipment and foreclosed assets | 40 | 245 | |||||||||
Proceeds from sale of loans receivable | 25,435 | 67,739 | |||||||||
Origination of loans held for sale | (30,838) | (69,311) | |||||||||
Income on bank owned life insurance | (1,895) | (1,548) | |||||||||
Gain on bank owned life insurance (death benefit proceeds in excess of cash surrender value) | (883) | (454) | |||||||||
Restricted stock compensation expense | 1,013 | 1,124 | |||||||||
Stock-based contribution expense | 84 | 75 | |||||||||
Increase in accrued interest receivable and other assets | (20,953) | (2,870) | |||||||||
Increase in accrued interest payable, lease liabilities, and other liabilities | 12,359 | 1,070 | |||||||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | 38,282 | 38,653 | |||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
Proceeds from maturities, prepayments and calls of available-for-sale securities | 59,673 | 124,140 | |||||||||
Proceeds from sales of available-for-sale securities | 22,164 | 0 | |||||||||
Purchase of available-for-sale securities | (48,383) | (290,130) | |||||||||
Proceeds from maturities, prepayments and calls of held-to-maturity securities | 20,235 | 0 | |||||||||
Purchases of held-to-maturity securities | (213,853) | 0 | |||||||||
Purchase of equity securities | (302) | (292) | |||||||||
Proceeds from loans held for sale previously classified as portfolio loans | 0 | 1,627 | |||||||||
Net increase in loans receivable | (380,348) | (126,411) | |||||||||
Purchase of bank owned life insurance | (2,750) | (22,000) | |||||||||
Proceeds from death benefit of bank owned life insurance policies | 3,273 | 1,390 | |||||||||
Purchase of FHLB, other equity, and restricted equity interests | (647) | (1,241) | |||||||||
Purchase of premises and equipment | (8,278) | (5,358) | |||||||||
Proceeds from the sale of premises and equipment and foreclosed assets | 47 | 591 | |||||||||
NET CASH USED BY INVESTING ACTIVITIES | (549,169) | (317,684) | |||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||
Net increase (decrease) in checking, money market and savings accounts | (29,444) | 451,405 | |||||||||
Net decrease in certificates of deposit | (62,364) | (39,521) | |||||||||
Purchase of treasury stock | (1,671) | (161) | |||||||||
Cash dividends paid, common stock | (8,861) | (8,601) | |||||||||
Cash dividends paid, preferred stock | (3,226) | (3,226) | |||||||||
Proceeds from common stock offering, net of issuance costs | 94,051 | 0 | |||||||||
Proceeds from issuance of subordinated notes, net of issuance costs | 0 | 83,491 | |||||||||
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES | (11,515) | 483,387 | |||||||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (522,402) | 204,356 | |||||||||
CASH AND CASH EQUIVALENTS, Beginning | 732,198 | 532,694 | |||||||||
CASH AND CASH EQUIVALENTS, Ending | $ | 209,796 | $ | 737,050 | |||||||
Six Months Ended June 30, | Nine Months Ended September 30, | |||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||||||||||||||||
Cash paid during the period for: | Cash paid during the period for: | Cash paid during the period for: | ||||||||||||||||||||
Interest | Interest | $ | 8,530 | $ | 10,293 | Interest | $ | 13,878 | $ | 15,296 | ||||||||||||
Income taxes | Income taxes | 6,958 | 5,582 | Income taxes | 12,743 | 9,846 | ||||||||||||||||
SUPPLEMENTAL NONCASH DISCLOSURES: | SUPPLEMENTAL NONCASH DISCLOSURES: | SUPPLEMENTAL NONCASH DISCLOSURES: | ||||||||||||||||||||
Transfers to other real estate owned | Transfers to other real estate owned | $ | 0 | $ | 314 | Transfers to other real estate owned | $ | 520 | $ | 1,450 | ||||||||||||
Transfers from loans held for sale to loans held for investment | Transfers from loans held for sale to loans held for investment | 6,352 | 7,044 | Transfers from loans held for sale to loans held for investment | 6,352 | 9,335 | ||||||||||||||||
Transfers from loans held for investment to loans held for sale | Transfers from loans held for investment to loans held for sale | 0 | 1,798 | Transfers from loans held for investment to loans held for sale | 0 | 2,484 | ||||||||||||||||
Transfers from available-for-sale to held-to-maturity | Transfers from available-for-sale to held-to-maturity | 220,757 | 0 | Transfers from available-for-sale to held-to-maturity | 220,757 | 0 | ||||||||||||||||
Grant of restricted stock awards from treasury stock | Grant of restricted stock awards from treasury stock | 976 | 1,228 | Grant of restricted stock awards from treasury stock | 986 | 1,285 | ||||||||||||||||
Grant of performance based restricted stock awards from treasury stock | Grant of performance based restricted stock awards from treasury stock | 173 | 262 | Grant of performance based restricted stock awards from treasury stock | 173 | 262 | ||||||||||||||||
Restricted stock forfeiture | Restricted stock forfeiture | 27 | 0 | Restricted stock forfeiture | 30 | 0 | ||||||||||||||||
Contribution of stock from treasury stock | Contribution of stock from treasury stock | 44 | 81 | |||||||||||||||||||
Lease liabilities arising from obtaining right-of-use assets | Lease liabilities arising from obtaining right-of-use assets | 6,188 | 0 | Lease liabilities arising from obtaining right-of-use assets | 9,066 | 0 |
June 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Unrealized | Fair | Amortized | Unrealized | Fair | Amortized | Unrealized | Fair | Amortized | Unrealized | Fair | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost | Gains | Losses | Value | Cost | Gains | Losses | Value | Cost | Gains | Losses | Value | Cost | Gains | Losses | Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government sponsored entities | U.S. Government sponsored entities | $ | 2,278 | $ | 0 | $ | (67) | $ | 2,211 | $ | 110,788 | $ | 2,728 | $ | (1,768) | $ | 111,748 | U.S. Government sponsored entities | $ | 3,166 | $ | 0 | $ | (88) | $ | 3,078 | $ | 110,788 | $ | 2,728 | $ | (1,768) | $ | 111,748 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State & political subdivisions | State & political subdivisions | 116,408 | 147 | (13,046) | 103,509 | 103,232 | 2,162 | (1,682) | 103,712 | State & political subdivisions | 114,082 | 24 | (18,124) | 95,982 | 103,232 | 2,162 | (1,682) | 103,712 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential & multi-family mortgage | Residential & multi-family mortgage | 273,603 | 114 | (29,204) | 244,513 | 437,021 | 4,127 | (6,513) | 434,635 | Residential & multi-family mortgage | 263,957 | 2 | (41,163) | 222,796 | 437,021 | 4,127 | (6,513) | 434,635 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate notes & bonds | Corporate notes & bonds | 42,669 | 27 | (3,616) | 39,080 | 28,257 | 250 | (443) | 28,064 | Corporate notes & bonds | 47,103 | 0 | (4,649) | 42,454 | 28,257 | 250 | (443) | 28,064 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pooled SBA | Pooled SBA | 15,946 | 9 | (861) | 15,094 | 18,787 | 283 | (38) | 19,032 | Pooled SBA | 15,208 | 0 | (1,282) | 13,926 | 18,787 | 283 | (38) | 19,032 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 450,904 | $ | 297 | $ | (46,794) | $ | 404,407 | $ | 698,085 | $ | 9,550 | $ | (10,444) | $ | 697,191 | Total | $ | 443,516 | $ | 26 | $ | (65,306) | $ | 378,236 | $ | 698,085 | $ | 9,550 | $ | (10,444) | $ | 697,191 |
June 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized | Unrealized | Fair | Amortized | Unrealized | Fair | Amortized | Unrealized | Fair | Amortized | Unrealized | Fair | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost | Gains | Losses | Value | Cost | Gains | Losses | Value | Cost | Gains | Losses | Value | Cost | Gains | Losses | Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government sponsored entities | U.S. Government sponsored entities | $ | 307,634 | $ | 0 | $ | (18,327) | $ | 289,307 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | U.S. Government sponsored entities | $ | 307,672 | $ | 0 | $ | (28,325) | $ | 279,347 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential & multi-family mortgage | Residential & multi-family mortgage | 105,676 | 0 | (5,050) | 100,626 | 0 | 0 | 0 | 0 | Residential & multi-family mortgage | 100,537 | 0 | (10,782) | 89,755 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 413,310 | $ | 0 | $ | (23,377) | $ | 389,933 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | Total | $ | 408,209 | $ | 0 | $ | (39,107) | $ | 369,102 | $ | 0 | $ | 0 | $ | 0 | $ | 0 |
Proceeds | Gross Gains | Gross Losses | |||||||||||||||
Three months ended June 30, 2022 | $ | 0 | $ | 0 | $ | 0 | |||||||||||
Three months ended June 30, 2021 | 0 | 0 | 0 | ||||||||||||||
Six months ended June 30, 2022 | 22,164 | 651 | 0 | ||||||||||||||
Six months ended June 30, 2021 | 0 | 0 | 0 |
Proceeds | Gross Gains | Gross Losses | |||||||||||||||
Three months ended September 30, 2022 | $ | 0 | $ | 0 | $ | 0 | |||||||||||
Three months ended September 30, 2021 | 0 | 0 | 0 | ||||||||||||||
Nine months ended September 30, 2022 | 22,164 | 651 | 0 | ||||||||||||||
Nine months ended September 30, 2021 | 0 | 0 | 0 |
Available-for-sale | Held-to-maturity | Available-for-sale | Held-to-maturity | |||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | Amortized Cost | Fair Value | |||||||||||||||||||||||||||||||||||||||
1 year or less | 1 year or less | $ | 4,854 | $ | 4,869 | $ | 5,125 | $ | 5,018 | 1 year or less | $ | 4,744 | $ | 4,722 | $ | 5,092 | $ | 4,972 | ||||||||||||||||||||||||||||
1 year – 5 years | 1 year – 5 years | 34,134 | 33,151 | 232,236 | 221,284 | 1 year – 5 years | 40,445 | 38,367 | 242,851 | 224,129 | ||||||||||||||||||||||||||||||||||||
5 years – 10 years | 5 years – 10 years | 91,531 | 81,388 | 64,786 | 58,206 | 5 years – 10 years | 91,164 | 77,651 | 54,242 | 45,773 | ||||||||||||||||||||||||||||||||||||
After 10 years | After 10 years | 30,836 | 25,392 | 5,487 | 4,799 | After 10 years | 27,998 | 20,774 | 5,487 | 4,473 | ||||||||||||||||||||||||||||||||||||
161,355 | 144,800 | 307,634 | 289,307 | 164,351 | 141,514 | 307,672 | 279,347 | |||||||||||||||||||||||||||||||||||||||
Residential & multi-family mortgage | Residential & multi-family mortgage | 273,603 | 244,513 | 105,676 | 100,626 | Residential & multi-family mortgage | 263,957 | 222,796 | 100,537 | 89,755 | ||||||||||||||||||||||||||||||||||||
Pooled SBA | Pooled SBA | 15,946 | 15,094 | 0 | 0 | Pooled SBA | 15,208 | 13,926 | 0 | 0 | ||||||||||||||||||||||||||||||||||||
Total debt securities | Total debt securities | $ | 450,904 | $ | 404,407 | $ | 413,310 | $ | 389,933 | Total debt securities | $ | 443,516 | $ | 378,236 | $ | 408,209 | $ | 369,102 |
Less than 12 Months | 12 Months or More | Total | Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description of Securities | Description of Securities | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Description of Securities | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government sponsored entities | U.S. Government sponsored entities | $ | 2,211 | $ | (67) | $ | 0 | $ | 0 | $ | 2,211 | $ | (67) | U.S. Government sponsored entities | $ | 3,078 | $ | (88) | $ | 0 | $ | 0 | $ | 3,078 | $ | (88) | ||||||||||||||||||||||||||||||||||||||||||||
State & political subdivisions | State & political subdivisions | 73,314 | (10,174) | 11,016 | (2,872) | 84,330 | (13,046) | State & political subdivisions | 44,052 | (5,329) | 45,418 | (12,795) | 89,470 | (18,124) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential & multi-family mortgage | Residential & multi-family mortgage | 164,539 | (17,703) | 66,816 | (11,501) | 231,355 | (29,204) | Residential & multi-family mortgage | 78,017 | (7,116) | 144,421 | (34,047) | 222,438 | (41,163) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate notes & bonds | Corporate notes & bonds | 30,790 | (3,117) | 5,263 | (499) | 36,053 | (3,616) | Corporate notes & bonds | 34,567 | (3,750) | 6,887 | (899) | 41,454 | (4,649) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pooled SBA | Pooled SBA | 14,647 | (861) | 0 | 0 | 14,647 | (861) | Pooled SBA | 11,334 | (955) | 2,592 | (327) | 13,926 | (1,282) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 285,501 | $ | (31,922) | $ | 83,095 | $ | (14,872) | $ | 368,596 | $ | (46,794) | $ | 171,048 | $ | (17,238) | $ | 199,318 | $ | (48,068) | $ | 370,366 | $ | (65,306) |
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | ||||||||||||||||||||||||||||||
U.S. Government sponsored entities | $ | 23,733 | $ | (553) | $ | 37,911 | $ | (1,215) | $ | 61,644 | $ | (1,768) | |||||||||||||||||||||||
State & political subdivisions | 55,636 | (1,399) | 5,026 | (283) | 60,662 | (1,682) | |||||||||||||||||||||||||||||
Residential & multi-family mortgage | 248,690 | (4,837) | 45,185 | (1,676) | 293,875 | (6,513) | |||||||||||||||||||||||||||||
Corporate notes & bonds | 6,466 | (249) | 3,806 | (194) | 10,272 | (443) | |||||||||||||||||||||||||||||
Pooled SBA | 4,394 | (37) | 127 | (1) | 4,521 | (38) | |||||||||||||||||||||||||||||
$ | 338,919 | $ | (7,075) | $ | 92,055 | $ | (3,369) | $ | 430,974 | $ | (10,444) |
Less than 12 Months | 12 Months or More | Total | Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description of Securities | Description of Securities | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Description of Securities | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government sponsored entities | U.S. Government sponsored entities | $ | 241,832 | $ | (14,169) | $ | 47,475 | $ | (4,158) | $ | 289,307 | $ | (18,327) | U.S. Government sponsored entities | $ | 225,598 | $ | (20,668) | $ | 53,749 | $ | (7,657) | $ | 279,347 | $ | (28,325) | ||||||||||||||||||||||||||||||||||||||||||||
Residential & multi-family mortgage | Residential & multi-family mortgage | 75,181 | (3,482) | 25,445 | (1,568) | 100,626 | (5,050) | Residential & multi-family mortgage | 45,766 | (4,417) | 43,989 | (6,365) | 89,755 | (10,782) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ | 317,013 | $ | (17,651) | $ | 72,920 | $ | (5,726) | $ | 389,933 | $ | (23,377) | $ | 271,364 | $ | (25,085) | $ | 97,738 | $ | (14,022) | $ | 369,102 | $ | (39,107) |
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||||
Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | Fair Value | Unrealized Loss | ||||||||||||||||||||||||||||||
U.S. Government sponsored entities | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||||||||||||||
Residential & multi-family mortgage | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
$ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 |
June 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | |||||||||||||||||||
Corporate equity securities | Corporate equity securities | $ | 6,272 | $ | 6,715 | Corporate equity securities | $ | 5,995 | $ | 6,715 | ||||||||||||
Mutual funds | Mutual funds | 2,591 | 2,566 | Mutual funds | 2,582 | 2,566 | ||||||||||||||||
Certificates of deposit | Certificates of deposit | 0 | 506 | Certificates of deposit | 0 | 506 | ||||||||||||||||
Corporate notes and bonds | Corporate notes and bonds | 676 | 579 | Corporate notes and bonds | 658 | 579 | ||||||||||||||||
Total | Total | $ | 9,539 | $ | 10,366 | Total | $ | 9,235 | $ | 10,366 |
June 30, 2022 | Percentage of Total | December 31, 2021 | Percentage of Total | September 30, 2022 | Percentage of Total | December 31, 2021 | Percentage of Total | |||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 31,649 | 0.8 | % | $ | 23,768 | 0.7 | % | Farmland | $ | 30,738 | 0.8 | % | $ | 23,768 | 0.7 | % | ||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 463,922 | 11.9 | % | 434,672 | 12.0 | % | Owner-occupied, nonfarm nonresidential properties | 461,709 | 11.5 | % | 434,672 | 12.0 | % | ||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | 1,097 | 0.0 | % | 1,379 | 0.0 | % | Agricultural production and other loans to farmers | 1,097 | 0.0 | % | 1,379 | 0.0 | % | ||||||||||||||||||||||||||||||||
Commercial and Industrial 1 | Commercial and Industrial 1 | 759,417 | 19.4 | % | 708,989 | 19.5 | % | Commercial and Industrial 1 | 760,975 | 18.9 | % | 708,989 | 19.5 | % | ||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 143,488 | 3.7 | % | 140,887 | 3.9 | % | Obligations (other than securities and leases) of states and political subdivisions | 147,956 | 3.7 | % | 140,887 | 3.9 | % | ||||||||||||||||||||||||||||||||
Other loans | Other loans | 14,524 | 0.4 | % | 13,979 | 0.4 | % | Other loans | 13,654 | 0.3 | % | 13,979 | 0.4 | % | ||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 341,399 | 8.7 | % | 298,869 | 8.2 | % | Other construction loans and all land development and other land loans | 349,286 | 8.7 | % | 298,869 | 8.2 | % | ||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 212,561 | 5.5 | % | 216,143 | 5.9 | % | Multifamily (5 or more) residential properties | 248,694 | 6.2 | % | 216,143 | 5.9 | % | ||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 734,580 | 18.8 | % | 663,062 | 18.2 | % | Non-owner occupied, nonfarm nonresidential properties | 742,214 | 18.4 | % | 663,062 | 18.2 | % | ||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 40,990 | 1.0 | % | 37,822 | 1.0 | % | 1-4 Family Construction | 40,426 | 1.0 | % | 37,822 | 1.0 | % | ||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 115,836 | 3.0 | % | 104,517 | 2.9 | % | Home equity lines of credit | 124,022 | 3.1 | % | 104,517 | 2.9 | % | ||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 875,974 | 22.4 | % | 826,729 | 22.7 | % | Residential Mortgages secured by first liens | 921,180 | 22.9 | % | 826,729 | 22.7 | % | ||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 62,212 | 1.6 | % | 56,689 | 1.6 | % | Residential Mortgages secured by junior liens | 68,494 | 1.7 | % | 56,689 | 1.6 | % | ||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 28,768 | 0.7 | % | 26,536 | 0.7 | % | Other revolving credit plans | 29,374 | 0.7 | % | 26,536 | 0.7 | % | ||||||||||||||||||||||||||||||||
Automobile | Automobile | 20,166 | 0.5 | % | 20,862 | 0.6 | % | Automobile | 21,041 | 0.5 | % | 20,862 | 0.6 | % | ||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 51,765 | 1.3 | % | 49,676 | 1.4 | % | Other consumer | 52,653 | 1.3 | % | 49,676 | 1.4 | % | ||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 11,049 | 0.3 | % | 9,935 | 0.3 | % | Credit cards | 10,916 | 0.3 | % | 9,935 | 0.3 | % | ||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 356 | 0.0 | % | 278 | 0.0 | % | Overdrafts | 236 | 0.0 | % | 278 | 0.0 | % | ||||||||||||||||||||||||||||||||
Total loans receivable | Total loans receivable | $ | 3,909,753 | 100.0 | % | $ | 3,634,792 | 100.0 | % | Total loans receivable | $ | 4,024,665 | 100.0 | % | $ | 3,634,792 | 100.0 | % | ||||||||||||||||||||||||||||
Less: Allowance for credit losses | Less: Allowance for credit losses | (40,543) | (37,588) | Less: Allowance for credit losses | (41,269) | (37,588) | ||||||||||||||||||||||||||||||||||||||||
Loans receivable, net | Loans receivable, net | $ | 3,869,210 | $ | 3,597,204 | Loans receivable, net | $ | 3,983,396 | $ | 3,597,204 | ||||||||||||||||||||||||||||||||||||
Net deferred loan origination fees (costs) included in the above table | $ | 4,513 | $ | 5,667 | ||||||||||||||||||||||||||||||||||||||||||
Net deferred loan origination fees included in the above table | Net deferred loan origination fees included in the above table | $ | 4,393 | $ | 5,667 | |||||||||||||||||||||||||||||||||||||||||
1 PPP loans, net of deferred PPP processing fees, both those disbursed in 2020 and those disbursed in 2021, are included in the Commercial and Industrial classification. | 1 PPP loans, net of deferred PPP processing fees, both those disbursed in 2020 and those disbursed in 2021, are included in the Commercial and Industrial classification. | 1 PPP loans, net of deferred PPP processing fees, both those disbursed in 2020 and those disbursed in 2021, are included in the Commercial and Industrial classification. |
Beginning Allowance | (Charge-offs) | Recoveries | Provision (Benefit) for Credit Losses on Loans Receivable(1) | Ending Allowance | Beginning Allowance | (Charge-offs) | Recoveries | Provision (Benefit) for Credit Losses on Loans Receivable(1) | Ending Allowance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 186 | $ | 0 | $ | 0 | $ | 5 | $ | 191 | Farmland | $ | 191 | $ | 0 | $ | 0 | $ | (8) | $ | 183 | ||||||||||||||||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 3,595 | 0 | 2 | 117 | 3,714 | Owner-occupied, nonfarm nonresidential properties | 3,714 | 0 | 3 | (272) | 3,445 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | 10 | 0 | 0 | (3) | 7 | Agricultural production and other loans to farmers | 7 | 0 | 0 | (2) | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 9,090 | (14) | 13 | 466 | 9,555 | Commercial and Industrial | 9,555 | 0 | 32 | (21) | 9,566 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 1,828 | 0 | 0 | (163) | 1,665 | Obligations (other than securities and leases) of states and political subdivisions | 1,665 | 0 | 0 | 97 | 1,762 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans | Other loans | 143 | 0 | 0 | 24 | 167 | Other loans | 167 | 0 | 0 | (2) | 165 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 2,050 | 0 | 0 | 278 | 2,328 | Other construction loans and all land development and other land loans | 2,328 | 0 | 0 | 208 | 2,536 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 2,236 | 0 | 0 | 41 | 2,277 | Multifamily (5 or more) residential properties | 2,277 | 0 | 0 | (171) | 2,106 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 6,411 | 0 | 0 | 337 | 6,748 | Non-owner occupied, nonfarm nonresidential properties | 6,748 | (169) | 336 | 215 | 7,130 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 210 | 0 | 0 | 26 | 236 | 1-4 Family Construction | 236 | 0 | 0 | (56) | 180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 1,181 | 0 | 2 | 170 | 1,353 | Home equity lines of credit | 1,353 | 0 | 1 | 26 | 1,380 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 6,905 | 0 | 0 | 759 | 7,664 | Residential Mortgages secured by first liens | 7,664 | (4) | 1 | 198 | 7,859 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 552 | 0 | 0 | 76 | 628 | Residential Mortgages secured by junior liens | 628 | 0 | 0 | 338 | 966 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 547 | (19) | 28 | 42 | 598 | Other revolving credit plans | 598 | (28) | 12 | 58 | 640 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Automobile | Automobile | 254 | (6) | 0 | (6) | 242 | Automobile | 242 | (7) | 2 | 27 | 264 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 2,569 | (369) | 19 | 485 | 2,704 | Other consumer | 2,704 | (404) | 22 | 437 | 2,759 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 103 | (45) | 4 | 48 | 110 | Credit cards | 110 | (15) | 25 | (33) | 87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 247 | (127) | 33 | 203 | 356 | Overdrafts | 356 | (152) | 35 | (3) | 236 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 38,117 | $ | (580) | $ | 101 | $ | 2,905 | $ | 40,543 | Total | $ | 40,543 | $ | (779) | $ | 469 | $ | 1,036 | $ | 41,269 |
Beginning Allowance | (Charge-offs) | Recoveries | Provision (Benefit) for Credit Losses on Loans Receivable(1) | Ending Allowance | Beginning Allowance | (Charge-offs) | Recoveries | Provision (Benefit) for Credit Losses on Loans Receivable(1) | Ending Allowance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 151 | $ | 0 | $ | 0 | $ | 40 | $ | 191 | Farmland | $ | 151 | $ | 0 | $ | 0 | $ | 32 | $ | 183 | ||||||||||||||||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 3,339 | (21) | 9 | 387 | 3,714 | Owner-occupied, nonfarm nonresidential properties | 3,339 | (21) | 12 | 115 | 3,445 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | 9 | 0 | 0 | (2) | 7 | Agricultural production and other loans to farmers | 9 | 0 | 0 | (4) | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 8,837 | (85) | 91 | 712 | 9,555 | Commercial and Industrial | 8,837 | (85) | 123 | 691 | 9,566 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 1,649 | 0 | 0 | 16 | 1,665 | Obligations (other than securities and leases) of states and political subdivisions | 1,649 | 0 | 0 | 113 | 1,762 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans | Other loans | 149 | 0 | 0 | 18 | 167 | Other loans | 149 | 0 | 0 | 16 | 165 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 2,198 | 0 | 0 | 130 | 2,328 | Other construction loans and all land development and other land loans | 2,198 | 0 | 0 | 338 | 2,536 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 2,289 | 0 | 0 | (12) | 2,277 | Multifamily (5 or more) residential properties | 2,289 | 0 | 0 | (183) | 2,106 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 6,481 | 0 | 0 | 267 | 6,748 | Non-owner occupied, nonfarm nonresidential properties | 6,481 | (169) | 336 | 482 | 7,130 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 158 | 0 | 0 | 78 | 236 | 1-4 Family Construction | 158 | 0 | 0 | 22 | 180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 1,169 | 0 | 10 | 174 | 1,353 | Home equity lines of credit | 1,169 | 0 | 11 | 200 | 1,380 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 6,943 | (47) | 12 | 756 | 7,664 | Residential Mortgages secured by first liens | 6,943 | (51) | 13 | 954 | 7,859 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 546 | 0 | 0 | 82 | 628 | Residential Mortgages secured by junior liens | 546 | 0 | 0 | 420 | 966 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 528 | (45) | 34 | 81 | 598 | Other revolving credit plans | 528 | (73) | 46 | 139 | 640 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Automobile | Automobile | 263 | (13) | 0 | (8) | 242 | Automobile | 263 | (20) | 2 | 19 | 264 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 2,546 | (770) | 41 | 887 | 2,704 | Other consumer | 2,546 | (1,174) | 63 | 1,324 | 2,759 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 92 | (59) | 8 | 69 | 110 | Credit cards | 92 | (74) | 33 | 36 | 87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 241 | (246) | 74 | 287 | 356 | Overdrafts | 241 | (398) | 109 | 284 | 236 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 37,588 | $ | (1,286) | $ | 279 | $ | 3,962 | $ | 40,543 | Total | $ | 37,588 | $ | (2,065) | $ | 748 | $ | 4,998 | $ | 41,269 |
Beginning Allowance | (Charge-offs) | Recoveries | Provision (Benefit) for Credit Losses on Loans Receivable(1) | Ending Allowance | Beginning Allowance | (Charge-offs) | Recoveries | Provision (Benefit) for Credit Losses on Loans Receivable(1) | Ending Allowance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 224 | $ | 0 | $ | 0 | $ | (100) | $ | 124 | Farmland | $ | 124 | $ | 0 | $ | 0 | $ | (26) | $ | 98 | ||||||||||||||||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 2,935 | 0 | 3 | (58) | 2,880 | Owner-occupied, nonfarm nonresidential properties | 2,880 | 0 | 3 | 154 | 3,037 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | 28 | 0 | 0 | (16) | 12 | Agricultural production and other loans to farmers | 12 | 0 | 0 | (5) | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 6,479 | (14) | 15 | 832 | 7,312 | Commercial and Industrial | 7,312 | (23) | 52 | 989 | 8,330 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 1,715 | (250) | 0 | 860 | 2,325 | Obligations (other than securities and leases) of states and political subdivisions | 2,325 | (157) | 0 | (289) | 1,879 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans | Other loans | 73 | 0 | 0 | 44 | 117 | Other loans | 117 | 0 | 0 | (15) | 102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 2,006 | 0 | 0 | 358 | 2,364 | Other construction loans and all land development and other land loans | 2,364 | (282) | 0 | 287 | 2,369 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 2,754 | 0 | 0 | (440) | 2,314 | Multifamily (5 or more) residential properties | 2,314 | 0 | 0 | (219) | 2,095 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 11,326 | 0 | 0 | (1,164) | 10,162 | Non-owner occupied, nonfarm nonresidential properties | 10,162 | (18) | 0 | (2,865) | 7,279 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 67 | 0 | 0 | 43 | 110 | 1-4 Family Construction | 110 | 0 | 0 | 116 | 226 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 843 | 0 | 2 | 184 | 1,029 | Home equity lines of credit | 1,029 | (7) | 1 | 197 | 1,220 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 3,550 | (42) | 1 | 889 | 4,398 | Residential Mortgages secured by first liens | 4,398 | (5) | 2 | 2,030 | 6,425 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 224 | 0 | 0 | 184 | 408 | Residential Mortgages secured by junior liens | 408 | (3) | 0 | 144 | 549 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 527 | (17) | 3 | (54) | 459 | Other revolving credit plans | 459 | (5) | 4 | 70 | 528 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Automobile | Automobile | 182 | 0 | 3 | 56 | 241 | Automobile | 241 | (12) | 0 | 49 | 278 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 2,374 | (246) | 47 | 227 | 2,402 | Other consumer | 2,402 | (268) | 25 | 331 | 2,490 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 65 | (39) | 3 | 39 | 68 | Credit cards | 68 | (5) | 6 | 43 | 112 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 183 | (107) | 24 | 83 | 183 | Overdrafts | 183 | (127) | 41 | 109 | 206 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 35,555 | $ | (715) | $ | 101 | $ | 1,967 | $ | 36,908 | Total | $ | 36,908 | $ | (912) | $ | 134 | $ | 1,100 | $ | 37,230 |
Beginning Allowance | (Charge-offs) | Recoveries | Provision (Benefit) for Credit Losses on Loans Receivable(1) | Ending Allowance | Beginning Allowance | (Charge-offs) | Recoveries | Provision (Benefit) for Credit Losses on Loans Receivable(1) | Ending Allowance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 221 | $ | 0 | $ | 0 | $ | (97) | $ | 124 | Farmland | $ | 221 | $ | 0 | $ | 0 | $ | (123) | $ | 98 | ||||||||||||||||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 3,700 | (531) | 5 | (294) | 2,880 | Owner-occupied, nonfarm nonresidential properties | 3,700 | (531) | 8 | (140) | 3,037 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | 24 | 0 | 0 | (12) | 12 | Agricultural production and other loans to farmers | 24 | 0 | 0 | (17) | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 6,233 | (70) | 20 | 1,129 | 7,312 | Commercial and Industrial | 6,233 | (93) | 72 | 2,118 | 8,330 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 998 | (250) | 0 | 1,577 | 2,325 | Obligations (other than securities and leases) of states and political subdivisions | 998 | (407) | 0 | 1,288 | 1,879 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans | Other loans | 68 | 0 | 0 | 49 | 117 | Other loans | 68 | 0 | 0 | 34 | 102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 1,956 | 0 | 0 | 408 | 2,364 | Other construction loans and all land development and other land loans | 1,956 | (282) | 0 | 695 | 2,369 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 2,724 | 0 | 0 | (410) | 2,314 | Multifamily (5 or more) residential properties | 2,724 | 0 | 0 | (629) | 2,095 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 8,658 | 0 | 0 | 1,504 | 10,162 | Non-owner occupied, nonfarm nonresidential properties | 8,658 | (18) | 0 | (1,361) | 7,279 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 82 | 0 | 0 | 28 | 110 | 1-4 Family Construction | 82 | 0 | 0 | 144 | 226 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 985 | 0 | 2 | 42 | 1,029 | Home equity lines of credit | 985 | (7) | 3 | 239 | 1,220 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 4,539 | (70) | 32 | (103) | 4,398 | Residential Mortgages secured by first liens | 4,539 | (75) | 34 | 1,927 | 6,425 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 241 | 0 | 0 | 167 | 408 | Residential Mortgages secured by junior liens | 241 | (3) | 0 | 311 | 549 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 507 | (23) | 5 | (30) | 459 | Other revolving credit plans | 507 | (28) | 9 | 40 | 528 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Automobile | Automobile | 132 | (5) | 3 | 111 | 241 | Automobile | 132 | (17) | 3 | 160 | 278 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 2,962 | (561) | 95 | (94) | 2,402 | Other consumer | 2,962 | (829) | 120 | 237 | 2,490 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 66 | (72) | 11 | 63 | 68 | Credit cards | 66 | (77) | 17 | 106 | 112 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 244 | (191) | 79 | 51 | 183 | Overdrafts | 244 | (318) | 120 | 160 | 206 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 34,340 | $ | (1,773) | $ | 252 | $ | 4,089 | $ | 36,908 | Total | $ | 34,340 | $ | (2,685) | $ | 386 | $ | 5,189 | $ | 37,230 |
June 30, 2022 | September 30, 2022 | |||||||||||||||||||||||||||||||||
Nonaccrual | Nonaccrual With No Allowance for Credit Loss | Loans Receivable Past Due over 89 Days Still Accruing | Nonaccrual | Nonaccrual With No Allowance for Credit Loss | Loans Receivable Past Due over 89 Days Still Accruing | |||||||||||||||||||||||||||||
Farmland | Farmland | $ | 938 | $ | 938 | $ | 997 | Farmland | $ | 1,043 | $ | 1,043 | $ | 995 | ||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 1,711 | 1,632 | 0 | Owner-occupied, nonfarm nonresidential properties | 1,665 | 1,593 | 0 | ||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 5,919 | 2,070 | 55 | Commercial and Industrial | 6,101 | 2,882 | 0 | ||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 71 | 71 | 0 | Other construction loans and all land development and other land loans | 68 | 68 | 0 | ||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 1,108 | 0 | 0 | Multifamily (5 or more) residential properties | 1,085 | 435 | 0 | ||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 3,685 | 2,058 | 0 | Non-owner occupied, nonfarm nonresidential properties | 3,828 | 2,610 | 0 | ||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 586 | 586 | 0 | Home equity lines of credit | 486 | 194 | 0 | ||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 4,021 | 3,558 | 5 | Residential Mortgages secured by first liens | 4,311 | 3,565 | 0 | ||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 200 | 200 | 0 | Residential Mortgages secured by junior liens | 114 | 114 | 0 | ||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 49 | 49 | 0 | Other revolving credit plans | 34 | 34 | 0 | ||||||||||||||||||||||||||
Automobile | Automobile | 30 | 30 | 0 | Automobile | 22 | 22 | 0 | ||||||||||||||||||||||||||
Other consumer | Other consumer | 636 | 636 | 0 | Other consumer | 751 | 751 | 0 | ||||||||||||||||||||||||||
Credit cards | Credit cards | 0 | 0 | 3 | Credit cards | 0 | 0 | 56 | ||||||||||||||||||||||||||
Total | Total | $ | 18,954 | $ | 11,828 | $ | 1,060 | Total | $ | 19,508 | $ | 13,311 | $ | 1,051 |
December 31, 2021 | |||||||||||||||||
Nonaccrual | Nonaccrual With No Allowance for Credit Loss | Loans Receivable Past Due over 89 Days Still Accruing | |||||||||||||||
Farmland | $ | 965 | $ | 965 | $ | 0 | |||||||||||
Owner-occupied, nonfarm nonresidential properties | 850 | 762 | 0 | ||||||||||||||
Commercial and Industrial | 7,060 | 1,653 | 8 | ||||||||||||||
Other construction loans and all land development and other land loans | 516 | 77 | 0 | ||||||||||||||
Multifamily (5 or more) residential properties | 1,270 | 5 | 0 | ||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | 3,771 | 2,143 | 0 | ||||||||||||||
Home equity lines of credit | 824 | 824 | 0 | ||||||||||||||
Residential Mortgages secured by first liens | 3,410 | 3,410 | 137 | ||||||||||||||
Residential Mortgages secured by junior liens | 147 | 147 | 0 | ||||||||||||||
Other revolving credit plans | 13 | 13 | 0 | ||||||||||||||
Automobile | 36 | 36 | 0 | ||||||||||||||
Other consumer | 558 | 558 | 0 | ||||||||||||||
Credit cards | 0 | 0 | 23 | ||||||||||||||
Total | $ | 19,420 | $ | 10,593 | $ | 168 |
Real Estate Collateral | Non-Real Estate Collateral | Real Estate Collateral | Non-Real Estate Collateral | |||||||||||||||||||
Farmland | Farmland | $ | 895 | $ | 0 | Farmland | $ | 854 | $ | 0 | ||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 1,163 | 9 | Owner-occupied, nonfarm nonresidential properties | 1,332 | 6 | ||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 115 | 2,090 | Commercial and Industrial | 91 | 2,018 | ||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 1,108 | 0 | Multifamily (5 or more) residential properties | 1,085 | 0 | ||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 3,262 | 0 | Non-owner occupied, nonfarm nonresidential properties | 5,264 | 0 | ||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 341 | 0 | |||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 888 | 0 | Residential Mortgages secured by first liens | 1,167 | 0 | ||||||||||||||||
Total | Total | $ | 7,431 | $ | 2,099 | Total | $ | 10,134 | $ | 2,024 |
Real Estate Collateral | Non-Real Estate Collateral | ||||||||||
Farmland | $ | 920 | $ | 0 | |||||||
Owner-occupied, nonfarm nonresidential properties | 194 | 9 | |||||||||
Commercial and Industrial | 1,488 | 2,351 | |||||||||
Other construction loans and all land development and other land loans | 438 | 0 | |||||||||
Multifamily (5 or more) residential properties | 1,265 | 0 | |||||||||
Non-owner occupied, nonfarm nonresidential properties | 3,378 | 0 | |||||||||
Residential Mortgages secured by first liens | 435 | 0 | |||||||||
Total | $ | 8,118 | $ | 2,360 |
30 - 59 Days Past Due | 60 - 89 Days Past Due | Greater Than 89 Days Past Due | Total Past Due | Loans Receivable Not Past Due | Total | 30 - 59 Days Past Due | 60 - 89 Days Past Due | Greater Than 89 Days Past Due | Total Past Due | Loans Receivable Not Past Due | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 148 | $ | 0 | $ | 997 | $ | 1,145 | $ | 30,504 | $ | 31,649 | Farmland | $ | 0 | $ | 0 | $ | 1,142 | $ | 1,142 | $ | 29,596 | $ | 30,738 | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 63 | 490 | 876 | 1,429 | 462,493 | 463,922 | Owner-occupied, nonfarm nonresidential properties | 230 | 99 | 334 | 663 | 461,046 | 461,709 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | 0 | 0 | 0 | 0 | 1,097 | 1,097 | Agricultural production and other loans to farmers | 0 | 0 | 0 | 0 | 1,097 | 1,097 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 133 | 181 | 502 | 816 | 758,601 | 759,417 | Commercial and Industrial | 117 | 230 | 715 | 1,062 | 759,913 | 760,975 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 0 | 0 | 0 | 0 | 143,488 | 143,488 | Obligations (other than securities and leases) of states and political subdivisions | 0 | 0 | 0 | 0 | 147,956 | 147,956 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans | Other loans | 0 | 0 | 0 | 0 | 14,524 | 14,524 | Other loans | 0 | 0 | 0 | 0 | 13,654 | 13,654 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 0 | 0 | 71 | 71 | 341,328 | 341,399 | Other construction loans and all land development and other land loans | 0 | 68 | 0 | 68 | 349,218 | 349,286 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 357 | 0 | 90 | 447 | 212,114 | 212,561 | Multifamily (5 or more) residential properties | 0 | 0 | 90 | 90 | 248,604 | 248,694 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 215 | 0 | 1,680 | 1,895 | 732,685 | 734,580 | Non-owner occupied, nonfarm nonresidential properties | 114 | 0 | 1,037 | 1,151 | 741,063 | 742,214 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 0 | 0 | 0 | 0 | 40,990 | 40,990 | 1-4 Family Construction | 0 | 0 | 0 | 0 | 40,426 | 40,426 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 107 | 344 | 49 | 500 | 115,336 | 115,836 | Home equity lines of credit | 113 | 50 | 49 | 212 | 123,810 | 124,022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 1,397 | 467 | 1,300 | 3,164 | 872,810 | 875,974 | Residential Mortgages secured by first liens | 698 | 239 | 1,590 | 2,527 | 918,653 | 921,180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 80 | 41 | 53 | 174 | 62,038 | 62,212 | Residential Mortgages secured by junior liens | 11 | 0 | 52 | 63 | 68,431 | 68,494 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 44 | 9 | 23 | 76 | 28,692 | 28,768 | Other revolving credit plans | 14 | 24 | 4 | 42 | 29,332 | 29,374 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Automobile | Automobile | 43 | 4 | 4 | 51 | 20,115 | 20,166 | Automobile | 19 | 0 | 1 | 20 | 21,021 | 21,041 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 288 | 205 | 294 | 787 | 50,978 | 51,765 | Other consumer | 416 | 230 | 351 | 997 | 51,656 | 52,653 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 75 | 13 | 3 | 91 | 10,958 | 11,049 | Credit cards | 54 | 22 | 56 | 132 | 10,784 | 10,916 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 0 | 0 | 0 | 0 | 356 | 356 | Overdrafts | 0 | 0 | 0 | 0 | 236 | 236 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 2,950 | $ | 1,754 | $ | 5,942 | $ | 10,646 | $ | 3,899,107 | $ | 3,909,753 | Total | $ | 1,786 | $ | 962 | $ | 5,421 | $ | 8,169 | $ | 4,016,496 | $ | 4,024,665 |
30 - 59 Days Past Due | 60 - 89 Days Past Due | Greater Than 89 Days Past Due | Total Past Due | Loans Receivable Not Past Due | Total | ||||||||||||||||||||||||||||||
Farmland | $ | 348 | $ | 0 | $ | 0 | $ | 348 | $ | 23,420 | $ | 23,768 | |||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | 278 | 18 | 414 | 710 | 433,962 | 434,672 | |||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | 0 | 0 | 0 | 0 | 1,379 | 1,379 | |||||||||||||||||||||||||||||
Commercial and Industrial | 377 | 13 | 333 | 723 | 708,266 | 708,989 | |||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | 0 | 0 | 0 | 0 | 140,887 | 140,887 | |||||||||||||||||||||||||||||
Other loans | 0 | 0 | 0 | 0 | 13,979 | 13,979 | |||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | 0 | 0 | 77 | 77 | 298,792 | 298,869 | |||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | 0 | 10 | 209 | 219 | 215,924 | 216,143 | |||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | 0 | 0 | 1,792 | 1,792 | 661,270 | 663,062 | |||||||||||||||||||||||||||||
1-4 Family Construction | 0 | 0 | 0 | 0 | 37,822 | 37,822 | |||||||||||||||||||||||||||||
Home equity lines of credit | 506 | 50 | 172 | 728 | 103,789 | 104,517 | |||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | 1,286 | 1,145 | 1,647 | 4,078 | 822,651 | 826,729 | |||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | 32 | 24 | 1 | 57 | 56,632 | 56,689 | |||||||||||||||||||||||||||||
Other revolving credit plans | 56 | 17 | 4 | 77 | 26,459 | 26,536 | |||||||||||||||||||||||||||||
Automobile | 45 | 3 | 23 | 71 | 20,791 | 20,862 | |||||||||||||||||||||||||||||
Other consumer | 283 | 158 | 295 | 736 | 48,940 | 49,676 | |||||||||||||||||||||||||||||
Credit cards | 26 | 12 | 23 | 61 | 9,874 | 9,935 | |||||||||||||||||||||||||||||
Overdrafts | 0 | 0 | 0 | 0 | 278 | 278 | |||||||||||||||||||||||||||||
Total | $ | 3,237 | $ | 1,450 | $ | 4,990 | $ | 9,677 | $ | 3,625,115 | $ | 3,634,792 |
Three Months Ended September 30, 2022 | |||||||||||||||||||||||
Number of Loans | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Type of Modification | ||||||||||||||||||||
Commercial and Industrial | 1 | $ | 96 | $ | 96 | Extend Amortization | |||||||||||||||||
Total | 1 | $ | 96 | $ | 96 |
Nine Months Ended September 30, 2022 | |||||||||||||||||||||||
Number of Loans | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Type of Modification | ||||||||||||||||||||
Commercial and Industrial | 1 | $ | 96 | $ | 96 | Extend Amortization | |||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | 1 | 1,784 | 1,784 | Modify Rate and Extend Amortization | |||||||||||||||||||
Total | 2 | $ | 1,880 | $ | 1,880 |
Six Months Ended June 30, 2022 | |||||||||||||||||||||||
Number of Loans | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Type of Modification | ||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | 1 | $ | 1,784 | $ | 1,784 | Modify Rate and Extend Amortization | |||||||||||||||||
Total | 1 | $ | 1,784 | $ | 1,784 |
Three Months Ended June 30, 2021 | |||||||||||||||||||||||
Number of Loans | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Type of Modification | ||||||||||||||||||||
Commercial and Industrial | 1 | $ | 578 | $ | 578 | Modify Payment | |||||||||||||||||
Total | 1 | $ | 578 | $ | 578 |
Six Months Ended June 30, 2021 | Nine Months Ended September 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
Number of Loans | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Type of Modification | Number of Loans | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Type of Modification | |||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 1 | $ | 578 | $ | 578 | Modify Payment | Commercial and Industrial | 1 | $ | 578 | $ | 578 | Modify Payment | ||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 1 | 717 | 717 | Modify Payment | Multifamily (5 or more) residential properties | 1 | 717 | 717 | Modify Payment | ||||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 1 | 1,604 | 1,604 | Modify Payment | Non-owner occupied, nonfarm nonresidential properties | 1 | 1,604 | 1,604 | Modify Payment | ||||||||||||||||||||||||||||||||||||
Total | Total | 3 | $ | 2,899 | $ | 2,899 | Total | 3 | $ | 2,899 | $ | 2,899 |
June 30, 2022 | September 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-Pass Rated | Non-Pass Rated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Total Non-Pass | Total | Pass | Special Mention | Substandard | Doubtful | Total Non-Pass | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 29,261 | $ | 1,450 | $ | 938 | $ | 0 | $ | 2,388 | $ | 31,649 | Farmland | $ | 28,245 | $ | 1,450 | $ | 1,043 | $ | 0 | $ | 2,493 | $ | 30,738 | ||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 449,366 | 6,406 | 8,150 | 0 | 14,556 | 463,922 | Owner-occupied, nonfarm nonresidential properties | 448,691 | 5,877 | 7,141 | 0 | 13,018 | 461,709 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | 1,097 | 0 | 0 | 0 | 0 | 1,097 | Agricultural production and other loans to farmers | 1,097 | 0 | 0 | 0 | 0 | 1,097 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 740,370 | 6,554 | 11,137 | 1,356 | 19,047 | 759,417 | Commercial and Industrial | 742,819 | 6,376 | 10,443 | 1,337 | 18,156 | 760,975 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 143,488 | 0 | 0 | 0 | 0 | 143,488 | Obligations (other than securities and leases) of states and political subdivisions | 147,956 | 0 | 0 | 0 | 0 | 147,956 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans | Other loans | 14,524 | 0 | 0 | 0 | 0 | 14,524 | Other loans | 13,654 | 0 | 0 | 0 | 0 | 13,654 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 339,750 | 1,578 | 71 | 0 | 1,649 | 341,399 | Other construction loans and all land development and other land loans | 347,704 | 1,514 | 68 | 0 | 1,582 | 349,286 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 211,353 | 100 | 1,108 | 0 | 1,208 | 212,561 | Multifamily (5 or more) residential properties | 247,609 | 0 | 1,085 | 0 | 1,085 | 248,694 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 704,941 | 6,610 | 23,029 | 0 | 29,639 | 734,580 | Non-owner occupied, nonfarm nonresidential properties | 716,589 | 2,625 | 23,000 | 0 | 25,625 | 742,214 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 2,634,150 | $ | 22,698 | $ | 44,433 | $ | 1,356 | $ | 68,487 | $ | 2,702,637 | Total | $ | 2,694,364 | $ | 17,842 | $ | 42,780 | $ | 1,337 | $ | 61,959 | $ | 2,756,323 |
December 31, 2021 | |||||||||||||||||||||||||||||||||||
Non-Pass Rated | |||||||||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Total Non-Pass | Total | ||||||||||||||||||||||||||||||
Farmland | $ | 21,286 | $ | 1,514 | $ | 968 | $ | 0 | $ | 2,482 | $ | 23,768 | |||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | 419,368 | 6,723 | 8,581 | 0 | 15,304 | 434,672 | |||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | 1,379 | 0 | 0 | 0 | 0 | 1,379 | |||||||||||||||||||||||||||||
Commercial and Industrial | 687,010 | 7,946 | 12,654 | 1,379 | 21,979 | 708,989 | |||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | 140,887 | 0 | 0 | 0 | 0 | 140,887 | |||||||||||||||||||||||||||||
Other loans | 13,979 | 0 | 0 | 0 | 0 | 13,979 | |||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | 294,103 | 4,221 | 545 | 0 | 4,766 | 298,869 | |||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | 214,772 | 100 | 1,271 | 0 | 1,371 | 216,143 | |||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | 631,534 | 9,628 | 21,900 | 0 | 31,528 | 663,062 | |||||||||||||||||||||||||||||
Total | $ | 2,424,318 | $ | 30,132 | $ | 45,919 | $ | 1,379 | $ | 77,430 | $ | 2,501,748 |
Term Loans Amortized Cost Basis by Origination Year | Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term | Total | 2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | Farmland | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | Risk rating | Risk rating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | $ | 8,911 | $ | 7,782 | $ | 1,610 | $ | 3,149 | $ | 3,497 | $ | 3,892 | $ | 420 | $ | 0 | $ | 29,261 | Pass | $ | 8,744 | $ | 7,732 | $ | 1,583 | $ | 2,733 | $ | 3,328 | $ | 3,736 | $ | 389 | $ | 0 | $ | 28,245 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | Special mention | 0 | 0 | 0 | 0 | 0 | 1,450 | 0 | 0 | 1,450 | Special mention | 0 | 0 | 0 | 0 | 0 | 1,450 | 0 | 0 | 1,450 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 388 | 0 | 0 | 0 | 550 | 0 | 0 | 938 | Substandard | 0 | 347 | 0 | 0 | 147 | 549 | 0 | 0 | 1,043 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 8,911 | $ | 8,170 | $ | 1,610 | $ | 3,149 | $ | 3,497 | $ | 5,892 | $ | 420 | $ | 0 | $ | 31,649 | Total | $ | 8,744 | $ | 8,079 | $ | 1,583 | $ | 2,733 | $ | 3,475 | $ | 5,735 | $ | 389 | $ | 0 | $ | 30,738 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | Risk rating | Risk rating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | $ | 67,952 | $ | 116,666 | $ | 74,850 | $ | 72,416 | $ | 26,633 | $ | 71,231 | $ | 19,618 | $ | 0 | $ | 449,366 | Pass | $ | 97,380 | $ | 115,207 | $ | 67,363 | $ | 56,604 | $ | 25,856 | $ | 65,843 | $ | 20,438 | $ | 0 | $ | 448,691 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | Special mention | 0 | 237 | 0 | 888 | 4,193 | 1,078 | 10 | 0 | 6,406 | Special mention | 0 | 0 | 0 | 880 | 4,146 | 841 | 10 | 0 | 5,877 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 156 | 386 | 2,044 | 821 | 4,743 | 0 | 0 | 8,150 | Substandard | 0 | 0 | 371 | 2,393 | 400 | 3,977 | 0 | 0 | 7,141 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 67,952 | $ | 117,059 | $ | 75,236 | $ | 75,348 | $ | 31,647 | $ | 77,052 | $ | 19,628 | $ | 0 | $ | 463,922 | Total | $ | 97,380 | $ | 115,207 | $ | 67,734 | $ | 59,877 | $ | 30,402 | $ | 70,661 | $ | 20,448 | $ | 0 | $ | 461,709 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | Risk rating | Risk rating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | $ | 129 | $ | 151 | $ | 91 | $ | 70 | $ | 192 | $ | 0 | $ | 464 | $ | 0 | $ | 1,097 | Pass | $ | 149 | $ | 145 | $ | 88 | $ | 51 | $ | 182 | $ | 0 | $ | 482 | $ | 0 | $ | 1,097 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | Special mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Special mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 129 | $ | 151 | $ | 91 | $ | 70 | $ | 192 | $ | 0 | $ | 464 | $ | 0 | $ | 1,097 | Total | $ | 149 | $ | 145 | $ | 88 | $ | 51 | $ | 182 | $ | 0 | $ | 482 | $ | 0 | $ | 1,097 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | Commercial and Industrial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | Risk rating | Risk rating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | $ | 117,219 | $ | 236,523 | $ | 75,375 | $ | 21,326 | $ | 11,010 | $ | 21,573 | $ | 257,344 | $ | 0 | $ | 740,370 | Pass | $ | 159,525 | $ | 226,900 | $ | 63,413 | $ | 18,933 | $ | 10,118 | $ | 21,378 | $ | 242,552 | $ | 0 | $ | 742,819 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | Special mention | 0 | 0 | 159 | 431 | 340 | 183 | 5,441 | 0 | 6,554 | Special mention | 0 | 0 | 149 | 296 | 325 | 60 | 5,546 | 0 | 6,376 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 2,748 | 984 | 436 | 358 | 1,046 | 5,565 | 0 | 11,137 | Substandard | 313 | 1,894 | 712 | 408 | 341 | 1,002 | 5,773 | 0 | 10,443 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful(1) | Doubtful(1) | 0 | 1,356 | 0 | 0 | 0 | 0 | 0 | 0 | 1,356 | Doubtful(1) | 0 | 1,337 | 0 | 0 | 0 | 0 | 0 | 0 | 1,337 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 117,219 | $ | 240,627 | $ | 76,518 | $ | 22,193 | $ | 11,708 | $ | 22,802 | $ | 268,350 | $ | 0 | $ | 759,417 | Total | $ | 159,838 | $ | 230,131 | $ | 64,274 | $ | 19,637 | $ | 10,784 | $ | 22,440 | $ | 253,871 | $ | 0 | $ | 760,975 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | Risk rating | Risk rating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | $ | 11,108 | $ | 37,217 | $ | 16,428 | $ | 4,748 | $ | 13,747 | $ | 55,509 | $ | 4,731 | $ | 0 | $ | 143,488 | Pass | $ | 17,175 | $ | 36,577 | $ | 15,983 | $ | 4,680 | $ | 13,647 | $ | 55,089 | $ | 4,805 | $ | 0 | $ | 147,956 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | Special mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Special mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 11,108 | $ | 37,217 | $ | 16,428 | $ | 4,748 | $ | 13,747 | $ | 55,509 | $ | 4,731 | $ | 0 | $ | 143,488 | Total | $ | 17,175 | $ | 36,577 | $ | 15,983 | $ | 4,680 | $ | 13,647 | $ | 55,089 | $ | 4,805 | $ | 0 | $ | 147,956 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans | Other loans | Other loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | Risk rating | Risk rating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | $ | 2,160 | $ | 5,484 | $ | 2,505 | $ | 400 | $ | 0 | $ | 0 | $ | 3,975 | $ | 0 | $ | 14,524 | Pass | $ | 2,204 | $ | 5,411 | $ | 2,395 | $ | 377 | $ | 0 | $ | 0 | $ | 3,267 | $ | 0 | $ | 13,654 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | Special mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Special mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 2,160 | $ | 5,484 | $ | 2,505 | $ | 400 | $ | 0 | $ | 0 | $ | 3,975 | $ | 0 | $ | 14,524 | Total | $ | 2,204 | $ | 5,411 | $ | 2,395 | $ | 377 | $ | 0 | $ | 0 | $ | 3,267 | $ | 0 | $ | 13,654 |
Term Loans Amortized Cost Basis by Origination Year | Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term | Total | 2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | Risk rating | Risk rating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | $ | 107,639 | $ | 96,680 | $ | 108,607 | $ | 7,398 | $ | 9,137 | $ | 2,063 | $ | 8,226 | $ | 0 | $ | 339,750 | Pass | $ | 162,843 | $ | 87,702 | $ | 69,273 | $ | 7,154 | $ | 9,103 | $ | 969 | $ | 10,660 | $ | 0 | $ | 347,704 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | Special mention | 0 | 1,511 | 0 | 67 | 0 | 0 | 0 | 0 | 1,578 | Special mention | 0 | 1,514 | 0 | 0 | 0 | 0 | 0 | 0 | 1,514 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 71 | 0 | 71 | Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 68 | 0 | 68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 107,639 | $ | 98,191 | $ | 108,607 | $ | 7,465 | $ | 9,137 | $ | 2,063 | $ | 8,297 | $ | 0 | $ | 341,399 | Total | $ | 162,843 | $ | 89,216 | $ | 69,273 | $ | 7,154 | $ | 9,103 | $ | 969 | $ | 10,728 | $ | 0 | $ | 349,286 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | Risk rating | Risk rating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | $ | 38,463 | $ | 53,374 | $ | 54,210 | $ | 29,892 | $ | 6,623 | $ | 26,335 | $ | 2,456 | $ | 0 | $ | 211,353 | Pass | $ | 99,684 | $ | 51,694 | $ | 48,900 | $ | 11,976 | $ | 6,815 | $ | 25,770 | $ | 2,770 | $ | 0 | $ | 247,609 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | Special mention | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 0 | 100 | Special mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 0 | 0 | 661 | 357 | 90 | 0 | 0 | 1,108 | Substandard | 650 | 0 | 0 | 0 | 345 | 90 | 0 | 0 | 1,085 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 38,463 | $ | 53,374 | $ | 54,210 | $ | 30,553 | $ | 6,980 | $ | 26,425 | $ | 2,556 | $ | 0 | $ | 212,561 | Total | $ | 100,334 | $ | 51,694 | $ | 48,900 | $ | 11,976 | $ | 7,160 | $ | 25,860 | $ | 2,770 | $ | 0 | $ | 248,694 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | Risk rating | Risk rating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | Pass | $ | 207,920 | $ | 164,540 | $ | 62,917 | $ | 81,646 | $ | 48,194 | $ | 131,397 | $ | 8,327 | $ | 0 | $ | 704,941 | Pass | $ | 258,817 | $ | 157,824 | $ | 53,483 | $ | 70,548 | $ | 45,859 | $ | 121,425 | $ | 8,633 | $ | 0 | $ | 716,589 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | Special mention | 0 | 0 | 0 | 417 | 518 | 5,224 | 451 | 0 | 6,610 | Special mention | 0 | 0 | 0 | 370 | 508 | 1,299 | 448 | 0 | 2,625 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Substandard | Substandard | 0 | 810 | 0 | 2,277 | 1,651 | 16,196 | 2,095 | 0 | 23,029 | Substandard | 2,270 | 805 | 0 | 1,789 | 1,646 | 14,414 | 2,076 | 0 | 23,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Doubtful | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 207,920 | $ | 165,350 | $ | 62,917 | $ | 84,340 | $ | 50,363 | $ | 152,817 | $ | 10,873 | $ | 0 | $ | 734,580 | Total | $ | 261,087 | $ | 158,629 | $ | 53,483 | $ | 72,707 | $ | 48,013 | $ | 137,138 | $ | 11,157 | $ | 0 | $ | 742,214 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term | Total | |||||||||||||||||||||||||||||||||||||||||||||
Farmland | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 8,203 | $ | 1,690 | $ | 3,276 | $ | 3,547 | $ | 564 | $ | 3,545 | $ | 461 | $ | 0 | $ | 21,286 | |||||||||||||||||||||||||||||||||||
Special mention | 0 | 0 | 0 | 0 | 394 | 1,120 | 0 | 0 | 1,514 | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | 388 | 0 | 0 | 0 | 48 | 532 | 0 | 0 | 968 | ||||||||||||||||||||||||||||||||||||||||||||
Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 8,591 | $ | 1,690 | $ | 3,276 | $ | 3,547 | $ | 1,006 | $ | 5,197 | $ | 461 | $ | 0 | $ | 23,768 | |||||||||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 135,095 | $ | 78,068 | $ | 78,621 | $ | 29,100 | $ | 40,677 | $ | 50,079 | $ | 7,728 | $ | 0 | $ | 419,368 | |||||||||||||||||||||||||||||||||||
Special mention | 243 | 0 | 903 | 4,287 | 135 | 1,145 | 10 | 0 | 6,723 | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | 687 | 416 | 2,190 | 868 | 250 | 4,152 | 18 | 0 | 8,581 | ||||||||||||||||||||||||||||||||||||||||||||
Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 136,025 | $ | 78,484 | $ | 81,714 | $ | 34,255 | $ | 41,062 | $ | 55,376 | $ | 7,756 | $ | 0 | $ | 434,672 | |||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 211 | $ | 103 | $ | 76 | $ | 198 | $ | 0 | $ | 0 | $ | 791 | $ | 0 | $ | 1,379 | |||||||||||||||||||||||||||||||||||
Special mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 211 | $ | 103 | $ | 76 | $ | 198 | $ | 0 | $ | 0 | $ | 791 | $ | 0 | $ | 1,379 | |||||||||||||||||||||||||||||||||||
Commercial and Industrial | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 313,983 | $ | 84,815 | $ | 31,375 | $ | 16,577 | $ | 12,389 | $ | 6,777 | $ | 221,094 | $ | 0 | $ | 687,010 | |||||||||||||||||||||||||||||||||||
Special mention | 0 | 363 | 793 | 381 | 82 | 844 | 5,483 | 0 | 7,946 | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | 1,991 | 800 | 1,862 | 452 | 29 | 2,016 | 5,504 | 0 | 12,654 | ||||||||||||||||||||||||||||||||||||||||||||
Doubtful(1) | 1,379 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,379 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 317,353 | $ | 85,978 | $ | 34,030 | $ | 17,410 | $ | 12,500 | $ | 9,637 | $ | 232,081 | $ | 0 | $ | 708,989 | |||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 36,853 | $ | 16,688 | $ | 8,774 | $ | 16,957 | $ | 20,071 | $ | 36,764 | $ | 4,780 | $ | 0 | $ | 140,887 | |||||||||||||||||||||||||||||||||||
Special mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 36,853 | $ | 16,688 | $ | 8,774 | $ | 16,957 | $ | 20,071 | $ | 36,764 | $ | 4,780 | $ | 0 | $ | 140,887 | |||||||||||||||||||||||||||||||||||
Other loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 5,851 | $ | 5,305 | $ | 552 | $ | 3 | $ | 0 | $ | 0 | $ | 2,268 | $ | 0 | $ | 13,979 | |||||||||||||||||||||||||||||||||||
Special mention | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 5,851 | $ | 5,305 | $ | 552 | $ | 3 | $ | 0 | $ | 0 | $ | 2,268 | $ | 0 | $ | 13,979 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term | Total | |||||||||||||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 98,406 | $ | 168,372 | $ | 8,752 | $ | 11,141 | $ | 853 | $ | 898 | $ | 5,681 | $ | 0 | $ | 294,103 | |||||||||||||||||||||||||||||||||||
Special mention | 1,500 | 0 | 650 | 0 | 2,071 | 0 | 0 | 0 | 4,221 | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | 0 | 0 | 0 | 29 | 439 | 0 | 77 | 0 | 545 | ||||||||||||||||||||||||||||||||||||||||||||
Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 99,906 | $ | 168,372 | $ | 9,402 | $ | 11,170 | $ | 3,363 | $ | 898 | $ | 5,758 | $ | 0 | $ | 298,869 | |||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 74,687 | $ | 55,663 | $ | 33,436 | $ | 7,937 | $ | 27,729 | $ | 12,882 | $ | 2,438 | $ | 0 | $ | 214,772 | |||||||||||||||||||||||||||||||||||
Special mention | 0 | 0 | 0 | 0 | 0 | 100 | 0 | 0 | 100 | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | 0 | 6 | 682 | 379 | 204 | 0 | 0 | 0 | 1,271 | ||||||||||||||||||||||||||||||||||||||||||||
Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 74,687 | $ | 55,669 | $ | 34,118 | $ | 8,316 | $ | 27,933 | $ | 12,982 | $ | 2,438 | $ | 0 | $ | 216,143 | |||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk rating | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 194,800 | $ | 125,039 | $ | 84,943 | $ | 52,233 | $ | 42,714 | $ | 123,021 | $ | 8,784 | $ | 0 | $ | 631,534 | |||||||||||||||||||||||||||||||||||
Special mention | 0 | 0 | 428 | 1,004 | 189 | 5,556 | 2,451 | 0 | 9,628 | ||||||||||||||||||||||||||||||||||||||||||||
Substandard | 826 | 0 | 2,305 | 1,662 | 4,638 | 12,134 | 335 | 0 | 21,900 | ||||||||||||||||||||||||||||||||||||||||||||
Doubtful | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 195,626 | $ | 125,039 | $ | 87,676 | $ | 54,899 | $ | 47,541 | $ | 140,711 | $ | 11,570 | $ | 0 | $ | 663,062 |
June 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | Nonperforming | Total | Performing | Nonperforming | Total | Performing | Nonperforming | Total | Performing | Nonperforming | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | $ | 40,990 | $ | 0 | $ | 40,990 | $ | 37,822 | $ | 0 | $ | 37,822 | 1-4 Family Construction | $ | 40,426 | $ | 0 | $ | 40,426 | $ | 37,822 | $ | 0 | $ | 37,822 | ||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 115,250 | 586 | 115,836 | 103,693 | 824 | 104,517 | Home equity lines of credit | 123,536 | 486 | 124,022 | 103,693 | 824 | 104,517 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 871,948 | 4,026 | 875,974 | 823,182 | 3,547 | 826,729 | Residential Mortgages secured by first liens | 916,869 | 4,311 | 921,180 | 823,182 | 3,547 | 826,729 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 62,012 | 200 | 62,212 | 56,542 | 147 | 56,689 | Residential Mortgages secured by junior liens | 68,380 | 114 | 68,494 | 56,542 | 147 | 56,689 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 28,719 | 49 | 28,768 | 26,523 | 13 | 26,536 | Other revolving credit plans | 29,340 | 34 | 29,374 | 26,523 | 13 | 26,536 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Automobile | Automobile | 20,136 | 30 | 20,166 | 20,826 | 36 | 20,862 | Automobile | 21,019 | 22 | 21,041 | 20,826 | 36 | 20,862 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 51,129 | 636 | 51,765 | 49,118 | 558 | 49,676 | Other consumer | 51,902 | 751 | 52,653 | 49,118 | 558 | 49,676 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 1,190,184 | $ | 5,527 | $ | 1,195,711 | $ | 1,117,706 | $ | 5,125 | $ | 1,122,831 | Total | $ | 1,251,472 | $ | 5,718 | $ | 1,257,190 | $ | 1,117,706 | $ | 5,125 | $ | 1,122,831 |
Term Loans Amortized Cost Basis by Origination Year | Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term | Total | 2022 | 2021 | 2020 | 2019 | 2018 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 1-4 Family Construction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | Payment performance | Payment performance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | Performing | $ | 10,338 | $ | 22,977 | $ | 6,740 | $ | 740 | $ | 64 | $ | 0 | $ | 131 | $ | 0 | $ | 40,990 | Performing | $ | 19,306 | $ | 16,873 | $ | 2,926 | $ | 725 | $ | 63 | $ | 0 | $ | 533 | $ | 0 | $ | 40,426 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming | Nonperforming | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Nonperforming | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 10,338 | $ | 22,977 | $ | 6,740 | $ | 740 | $ | 64 | $ | 0 | $ | 131 | $ | 0 | $ | 40,990 | Total | $ | 19,306 | $ | 16,873 | $ | 2,926 | $ | 725 | $ | 63 | $ | 0 | $ | 533 | $ | 0 | $ | 40,426 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | Home equity lines of credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | Payment performance | Payment performance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | Performing | $ | 19,051 | $ | 16,290 | $ | 12,999 | $ | 8,529 | $ | 8,637 | $ | 40,985 | $ | 8,759 | $ | 0 | $ | 115,250 | Performing | $ | 30,024 | $ | 15,182 | $ | 12,949 | $ | 9,192 | $ | 8,682 | $ | 38,806 | $ | 8,701 | $ | 0 | $ | 123,536 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming | Nonperforming | 0 | 0 | 0 | 10 | 8 | 568 | 0 | 0 | 586 | Nonperforming | 0 | 0 | 0 | 10 | 0 | 476 | 0 | 0 | 486 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 19,051 | $ | 16,290 | $ | 12,999 | $ | 8,539 | $ | 8,645 | $ | 41,553 | $ | 8,759 | $ | 0 | $ | 115,836 | Total | $ | 30,024 | $ | 15,182 | $ | 12,949 | $ | 9,202 | $ | 8,682 | $ | 39,282 | $ | 8,701 | $ | 0 | $ | 124,022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages secured by first lien | Residential mortgages secured by first lien | Residential mortgages secured by first lien | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | Payment performance | Payment performance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | Performing | $ | 121,438 | $ | 226,101 | $ | 165,399 | $ | 99,774 | $ | 54,696 | $ | 201,139 | $ | 3,401 | $ | 0 | $ | 871,948 | Performing | $ | 186,664 | $ | 227,676 | $ | 163,921 | $ | 93,549 | $ | 51,249 | $ | 190,091 | $ | 3,719 | $ | 0 | $ | 916,869 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming | Nonperforming | 0 | 619 | 281 | 405 | 128 | 2,404 | 189 | 0 | 4,026 | Nonperforming | 0 | 782 | 323 | 409 | 421 | 2,188 | 188 | 0 | 4,311 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 121,438 | $ | 226,720 | $ | 165,680 | $ | 100,179 | $ | 54,824 | $ | 203,543 | $ | 3,590 | $ | 0 | $ | 875,974 | Total | $ | 186,664 | $ | 228,458 | $ | 164,244 | $ | 93,958 | $ | 51,670 | $ | 192,279 | $ | 3,907 | $ | 0 | $ | 921,180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgages secured by junior liens | Residential mortgages secured by junior liens | Residential mortgages secured by junior liens | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | Payment performance | Payment performance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | Performing | $ | 13,080 | $ | 18,915 | $ | 9,713 | $ | 5,919 | $ | 3,477 | $ | 10,243 | $ | 665 | $ | 0 | $ | 62,012 | Performing | $ | 23,532 | $ | 17,958 | $ | 8,619 | $ | 5,336 | $ | 3,260 | $ | 9,017 | $ | 658 | $ | 0 | $ | 68,380 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming | Nonperforming | 0 | 0 | 0 | 3 | 0 | 152 | 45 | 0 | 200 | Nonperforming | 0 | 0 | 0 | 2 | 0 | 68 | 44 | 0 | 114 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 13,080 | $ | 18,915 | $ | 9,713 | $ | 5,922 | $ | 3,477 | $ | 10,395 | $ | 710 | $ | 0 | $ | 62,212 | Total | $ | 23,532 | $ | 17,958 | $ | 8,619 | $ | 5,338 | $ | 3,260 | $ | 9,085 | $ | 702 | $ | 0 | $ | 68,494 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | Other revolving credit plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | Payment performance | Payment performance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | Performing | $ | 4,003 | $ | 4,197 | $ | 4,268 | $ | 3,030 | $ | 2,318 | $ | 10,903 | $ | 0 | $ | 0 | $ | 28,719 | Performing | $ | 5,690 | $ | 3,304 | $ | 4,498 | $ | 2,915 | $ | 2,284 | $ | 10,649 | $ | 0 | $ | 0 | $ | 29,340 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming | Nonperforming | 0 | 0 | 0 | 5 | 20 | 24 | 0 | 0 | 49 | Nonperforming | 0 | 0 | 0 | 8 | 15 | 11 | 0 | 0 | 34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 4,003 | $ | 4,197 | $ | 4,268 | $ | 3,035 | $ | 2,338 | $ | 10,927 | $ | 0 | $ | 0 | $ | 28,768 | Total | $ | 5,690 | $ | 3,304 | $ | 4,498 | $ | 2,923 | $ | 2,299 | $ | 10,660 | $ | 0 | $ | 0 | $ | 29,374 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Automobile | Automobile | Automobile | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | Payment performance | Payment performance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | Performing | $ | 4,469 | $ | 5,696 | $ | 4,080 | $ | 3,324 | $ | 1,752 | $ | 815 | $ | 0 | $ | 0 | $ | 20,136 | Performing | $ | 7,520 | $ | 5,120 | $ | 3,528 | $ | 2,749 | $ | 1,416 | $ | 686 | $ | 0 | $ | 0 | $ | 21,019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming | Nonperforming | 0 | 0 | 16 | 9 | 5 | 0 | 0 | 0 | 30 | Nonperforming | 0 | 0 | 11 | 8 | 3 | 0 | 0 | 0 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 4,469 | $ | 5,696 | $ | 4,096 | $ | 3,333 | $ | 1,757 | $ | 815 | $ | 0 | $ | 0 | $ | 20,166 | Total | $ | 7,520 | $ | 5,120 | $ | 3,539 | $ | 2,757 | $ | 1,419 | $ | 686 | $ | 0 | $ | 0 | $ | 21,041 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | Other consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | Payment performance | Payment performance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | Performing | $ | 16,282 | $ | 21,765 | $ | 7,565 | $ | 3,084 | $ | 1,005 | $ | 1,428 | $ | 0 | $ | 0 | $ | 51,129 | Performing | $ | 22,387 | $ | 18,395 | $ | 6,355 | $ | 2,548 | $ | 861 | $ | 1,356 | $ | 0 | $ | 0 | $ | 51,902 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming | Nonperforming | 40 | 420 | 54 | 40 | 6 | 76 | 0 | 0 | 636 | Nonperforming | 287 | 291 | 77 | 34 | 7 | 55 | 0 | 0 | 751 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 16,322 | $ | 22,185 | $ | 7,619 | $ | 3,124 | $ | 1,011 | $ | 1,504 | $ | 0 | $ | 0 | $ | 51,765 | Total | $ | 22,674 | $ | 18,686 | $ | 6,432 | $ | 2,582 | $ | 868 | $ | 1,411 | $ | 0 | $ | 0 | $ | 52,653 |
Term Loans Amortized Cost Basis by Origination Year | |||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | Prior | Revolving Loans Amortized Cost Basis | Revolving Loans Converted to Term | Total | |||||||||||||||||||||||||||||||||||||||||||||
1-4 Family Construction | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | $ | 27,539 | $ | 9,137 | $ | 857 | $ | 66 | $ | 0 | $ | 0 | $ | 223 | $ | 0 | $ | 37,822 | |||||||||||||||||||||||||||||||||||
Nonperforming | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 27,539 | $ | 9,137 | $ | 857 | $ | 66 | $ | 0 | $ | 0 | $ | 223 | $ | 0 | $ | 37,822 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | $ | 14,383 | $ | 14,621 | $ | 9,564 | $ | 10,584 | $ | 6,863 | $ | 39,527 | $ | 8,151 | $ | 0 | $ | 103,693 | |||||||||||||||||||||||||||||||||||
Nonperforming | 0 | 0 | 9 | 10 | 377 | 428 | 0 | 0 | 824 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 14,383 | $ | 14,621 | $ | 9,573 | $ | 10,594 | $ | 7,240 | $ | 39,955 | $ | 8,151 | $ | 0 | $ | 104,517 | |||||||||||||||||||||||||||||||||||
Residential mortgages secured by first lien | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | $ | 232,606 | $ | 178,380 | $ | 111,333 | $ | 62,850 | $ | 74,136 | $ | 160,402 | $ | 3,475 | $ | 0 | $ | 823,182 | |||||||||||||||||||||||||||||||||||
Nonperforming | 79 | 259 | 227 | 151 | 258 | 2,379 | 194 | 0 | 3,547 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 232,685 | $ | 178,639 | $ | 111,560 | $ | 63,001 | $ | 74,394 | $ | 162,781 | $ | 3,669 | $ | 0 | $ | 826,729 | |||||||||||||||||||||||||||||||||||
Residential mortgages secured by junior liens | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | $ | 20,617 | $ | 11,256 | $ | 7,239 | $ | 4,407 | $ | 3,508 | $ | 9,095 | $ | 420 | $ | 0 | $ | 56,542 | |||||||||||||||||||||||||||||||||||
Nonperforming | 0 | 0 | 0 | 0 | 84 | 63 | 0 | 0 | 147 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 20,617 | $ | 11,256 | $ | 7,239 | $ | 4,407 | $ | 3,592 | $ | 9,158 | $ | 420 | $ | 0 | $ | 56,689 | |||||||||||||||||||||||||||||||||||
Other revolving credit plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | $ | 5,313 | $ | 3,596 | $ | 3,090 | $ | 2,592 | $ | 2,977 | $ | 8,955 | $ | 0 | $ | 0 | $ | 26,523 | |||||||||||||||||||||||||||||||||||
Nonperforming | 0 | 0 | 4 | 4 | 0 | 5 | 0 | 0 | 13 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 5,313 | $ | 3,596 | $ | 3,094 | $ | 2,596 | $ | 2,977 | $ | 8,960 | $ | 0 | $ | 0 | $ | 26,536 | |||||||||||||||||||||||||||||||||||
Automobile | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | $ | 7,047 | $ | 5,448 | $ | 4,668 | $ | 2,457 | $ | 682 | $ | 524 | $ | 0 | $ | 0 | $ | 20,826 | |||||||||||||||||||||||||||||||||||
Nonperforming | 11 | 13 | 12 | 0 | 0 | 0 | 0 | 0 | 36 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 7,058 | $ | 5,461 | $ | 4,680 | $ | 2,457 | $ | 682 | $ | 524 | $ | 0 | $ | 0 | $ | 20,862 | |||||||||||||||||||||||||||||||||||
Other consumer | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Payment performance | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing | $ | 30,423 | $ | 11,017 | $ | 4,537 | $ | 1,451 | $ | 316 | $ | 1,374 | $ | 0 | $ | 0 | $ | 49,118 | |||||||||||||||||||||||||||||||||||
Nonperforming | 204 | 170 | 96 | 25 | 3 | 60 | 0 | 0 | 558 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 30,627 | $ | 11,187 | $ | 4,633 | $ | 1,476 | $ | 319 | $ | 1,434 | $ | 0 | $ | 0 | $ | 49,676 |
June 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | |||||||||||||||||||
Credit card | Credit card | Credit card | ||||||||||||||||||||
Payment performance | Payment performance | Payment performance | ||||||||||||||||||||
Performing | Performing | $ | 11,046 | $ | 9,912 | Performing | $ | 10,860 | $ | 9,912 | ||||||||||||
Nonperforming | Nonperforming | 3 | 23 | Nonperforming | 56 | 23 | ||||||||||||||||
Total | Total | $ | 11,049 | $ | 9,935 | Total | $ | 10,916 | $ | 9,935 |
June 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | |||||||||||||||||||
Gross other consumer | Gross other consumer | $ | 30,058 | $ | 29,227 | Gross other consumer | $ | 30,660 | $ | 29,227 | ||||||||||||
Less: other consumer unearned discounts | Less: other consumer unearned discounts | (5,762) | (5,716) | Less: other consumer unearned discounts | (5,790) | (5,716) | ||||||||||||||||
Total other consumer loans, net of unearned discounts | Total other consumer loans, net of unearned discounts | $ | 24,296 | $ | 23,511 | Total other consumer loans, net of unearned discounts | $ | 24,870 | $ | 23,511 |
Leases | Leases | Classification | June 30, 2022 | December 31, 2021 | Leases | Classification | September 30, 2022 | December 31, 2021 | ||||||||||||||||||||||||||||||||
Assets: | Assets: | Assets: | ||||||||||||||||||||||||||||||||||||||
Operating lease assets | Operating lease assets | Operating lease assets | $ | 25,471 | $ | 19,928 | Operating lease assets | Operating lease assets | $ | 28,004 | $ | 19,928 | ||||||||||||||||||||||||||||
Finance lease assets | Finance lease assets | Premises and equipment, net (1) | 322 | 358 | Finance lease assets | Premises and equipment, net (1) | 304 | 358 | ||||||||||||||||||||||||||||||||
Total leased assets | Total leased assets | $ | 25,793 | $ | 20,286 | Total leased assets | $ | 28,308 | $ | 20,286 | ||||||||||||||||||||||||||||||
Liabilities: | Liabilities: | Liabilities: | ||||||||||||||||||||||||||||||||||||||
Operating lease liabilities | Operating lease liabilities | Operating lease liabilities | $ | 26,785 | $ | 21,159 | Operating lease liabilities | Operating lease liabilities | $ | 29,366 | $ | 21,159 | ||||||||||||||||||||||||||||
Finance lease liabilities | Finance lease liabilities | Accrued interest payable and other liabilities | 426 | 469 | Finance lease liabilities | Accrued interest payable and other liabilities | 405 | 469 | ||||||||||||||||||||||||||||||||
Total leased liabilities | Total leased liabilities | $ | 27,211 | $ | 21,628 | Total leased liabilities | $ | 29,771 | $ | 21,628 |
Three Months Ended June 30, | Six Months Ended June 30, | Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lease Cost | Lease Cost | Classification | 2022 | 2021 | 2022 | 2021 | Lease Cost | Classification | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating lease cost | Operating lease cost | Net occupancy expense | $ | 566 | $ | 437 | $ | 1,058 | $ | 877 | Operating lease cost | Net occupancy expense | $ | 577 | $ | 451 | $ | 1,635 | $ | 1,328 | ||||||||||||||||||||||||||||||||||||||||||||
Variable lease cost | Variable lease cost | Net occupancy expense | 17 | 18 | 30 | 35 | Variable lease cost | Net occupancy expense | 14 | 10 | 44 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Finance lease cost: | Finance lease cost: | Finance lease cost: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of leased assets | Amortization of leased assets | Net occupancy expense | 18 | 18 | 36 | 36 | Amortization of leased assets | Net occupancy expense | 18 | 18 | 54 | 54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest on lease liabilities | Interest on lease liabilities | Interest expense - borrowed funds | 5 | 6 | 10 | 12 | Interest on lease liabilities | Interest expense - borrowed funds | 5 | 6 | 15 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Sublease income (1) | Sublease income (1) | Net occupancy expense | (17) | (19) | (33) | (38) | Sublease income (1) | Net occupancy expense | (23) | (17) | (56) | (55) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net lease cost | Net lease cost | $ | 589 | $ | 460 | $ | 1,101 | $ | 922 | Net lease cost | $ | 591 | $ | 468 | $ | 1,692 | $ | 1,390 |
Maturity of Lease Liabilities as of June 30, 2022 | Operating Leases (1) | Finance Leases | Total | |||||||||||||||||||||||||||||||||||||
Maturity of Lease Liabilities as of September 30, 2022 | Maturity of Lease Liabilities as of September 30, 2022 | Operating Leases (1) | Finance Leases | Total | ||||||||||||||||||||||||||||||||||||
2022 | 2022 | $ | 1,024 | $ | 52 | $ | 1,076 | 2022 | $ | 546 | $ | 26 | $ | 572 | ||||||||||||||||||||||||||
2023 | 2023 | 1,961 | 105 | 2,066 | 2023 | 2,115 | 105 | 2,220 | ||||||||||||||||||||||||||||||||
2024 | 2024 | 1,890 | 105 | 1,995 | 2024 | 2,044 | 105 | 2,149 | ||||||||||||||||||||||||||||||||
2025 | 2025 | 1,883 | 105 | 1,988 | 2025 | 2,037 | 105 | 2,142 | ||||||||||||||||||||||||||||||||
2026 | 2026 | 1,854 | 105 | 1,959 | 2026 | 2,008 | 105 | 2,113 | ||||||||||||||||||||||||||||||||
After 2026 | After 2026 | 30,622 | 0 | 30,622 | After 2026 | 35,512 | 0 | 35,512 | ||||||||||||||||||||||||||||||||
Total lease payments | Total lease payments | 39,234 | 472 | 39,706 | Total lease payments | 44,262 | 446 | 44,708 | ||||||||||||||||||||||||||||||||
Less: Interest | Less: Interest | 12,449 | 46 | 12,495 | Less: Interest | 14,896 | 41 | 14,937 | ||||||||||||||||||||||||||||||||
Present value of lease liabilities | Present value of lease liabilities | $ | 26,785 | $ | 426 | $ | 27,211 | Present value of lease liabilities | $ | 29,366 | $ | 405 | $ | 29,771 |
Lease Term and Discount Rate | Lease Term and Discount Rate | June 30, 2022 | December 31, 2021 | Lease Term and Discount Rate | September 30, 2022 | December 31, 2021 | ||||||||||||||||||||||
Weighted-average remaining lease term (years) | Weighted-average remaining lease term (years) | Weighted-average remaining lease term (years) | ||||||||||||||||||||||||||
Operating leases | Operating leases | 22.1 | 18.8 | Operating leases | 22.7 | 18.8 | ||||||||||||||||||||||
Finance leases | Finance leases | 4.5 | 5.0 | Finance leases | 4.3 | 5.0 | ||||||||||||||||||||||
Weighted-average discount rate | Weighted-average discount rate | Weighted-average discount rate | ||||||||||||||||||||||||||
Operating leases | Operating leases | 3.37 | % | 3.42 | % | Operating leases | 3.53 | % | 3.42 | % | ||||||||||||||||||
Finance leases | Finance leases | 4.49 | % | 4.49 | % | Finance leases | 4.49 | % | 4.49 | % |
Other Information | Other Information | June 30, 2022 | June 30, 2021 | Other Information | September 30, 2022 | September 30, 2021 | ||||||||||||||||||||||
Cash paid for amounts included in the measurement of lease liabilities | Cash paid for amounts included in the measurement of lease liabilities | Cash paid for amounts included in the measurement of lease liabilities | ||||||||||||||||||||||||||
Operating cash flows from operating leases | Operating cash flows from operating leases | $ | 581 | $ | 452 | Operating cash flows from operating leases | $ | 888 | $ | 699 |
Time deposits maturing: | Time deposits maturing: | Time deposits maturing: | ||||||||
2022 | 2022 | $ | 134,701 | 2022 | $ | 87,496 | ||||
2023 | 2023 | 68,882 | 2023 | 74,332 | ||||||
2024 | 2024 | 36,206 | 2024 | 98,188 | ||||||
2025 | 2025 | 38,976 | 2025 | 41,480 | ||||||
2026 | 2026 | 10,694 | 2026 | 10,428 | ||||||
Thereafter | Thereafter | 14,818 | Thereafter | 12,164 | ||||||
$ | 304,277 | $ | 324,088 |
June 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||
Fixed Rate | Variable Rate | Fixed Rate | Variable Rate | Fixed Rate | Variable Rate | Fixed Rate | Variable Rate | |||||||||||||||||||||||||||||||||||||||
Commitments to make loans | Commitments to make loans | $ | 82,054 | $ | 374,464 | $ | 94,924 | $ | 323,013 | Commitments to make loans | $ | 120,947 | $ | 506,251 | $ | 94,924 | $ | 323,013 | ||||||||||||||||||||||||||||
Unused lines of credit | Unused lines of credit | 17,804 | 679,710 | 13,265 | 663,903 | Unused lines of credit | 17,341 | 710,809 | 13,265 | 663,903 | ||||||||||||||||||||||||||||||||||||
Standby letters of credit | Standby letters of credit | 15,807 | 1,640 | 15,063 | 1,623 | Standby letters of credit | 16,091 | 1,641 | 15,063 | 1,623 |
Three Months Ended | Six Months Ended | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||||||||
June 30, | June 30, | September 30, | September 30, | |||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
Beginning balance | Beginning balance | $ | 586 | $ | 0 | $ | 0 | $ | 0 | Beginning balance | $ | 586 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||||||
Provision for credit losses on unfunded loan commitments (1) | Provision for credit losses on unfunded loan commitments (1) | 0 | 0 | 586 | 0 | Provision for credit losses on unfunded loan commitments (1) | 55 | 0 | 641 | 0 | ||||||||||||||||||||||||||||||||||||
Ending balance | Ending balance | 586 | $ | 0 | $ | 586 | $ | 0 | Ending balance | $ | 641 | $ | 0 | $ | 641 | $ | 0 |
Shares | Per Share Weighted Average Grant Date Fair Value | Shares | Per Share Weighted Average Grant Date Fair Value | |||||||||||||||||||
Unvested at beginning of period | Unvested at beginning of period | 88,891 | $ | 20.10 | Unvested at beginning of period | 87,712 | $ | 25.26 | ||||||||||||||
Granted | Granted | 0 | 0.00 | Granted | 664 | 24.14 | ||||||||||||||||
Forfeited | Forfeited | (1,090) | 25.06 | Forfeited | (112) | 26.71 | ||||||||||||||||
Vested | Vested | (89) | 25.27 | Vested | (1,197) | 24.00 | ||||||||||||||||
Unvested at end of period | Unvested at end of period | 87,712 | $ | 20.18 | Unvested at end of period | 87,067 | $ | 25.26 |
Shares | Per Share Weighted Average Grant Date Fair Value | Shares | Per Share Weighted Average Grant Date Fair Value | |||||||||||||||||||
Unvested at beginning of period | Unvested at beginning of period | 69,643 | $ | 24.18 | Unvested at beginning of period | 69,643 | $ | 24.18 | ||||||||||||||
Granted | Granted | 44,369 | 26.71 | Granted | 45,033 | 26.67 | ||||||||||||||||
Forfeited | Forfeited | (1,090) | 25.06 | Forfeited | (1,202) | 25.22 | ||||||||||||||||
Vested | Vested | (25,210) | 24.78 | Vested | (26,407) | 24.75 | ||||||||||||||||
Unvested at end of period | Unvested at end of period | 87,712 | $ | 20.18 | Unvested at end of period | 87,067 | $ | 25.26 |
Three Months Ended June 30, | Six Months Ended June 30, | Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
Basic earnings per common share computation: | Basic earnings per common share computation: | Basic earnings per common share computation: | ||||||||||||||||||||||||||||||||||||||||||||
Net income per condensed consolidated statements of income | Net income per condensed consolidated statements of income | $ | 14,363 | $ | 12,915 | $ | 28,533 | $ | 26,021 | Net income per condensed consolidated statements of income | $ | 15,549 | $ | 13,831 | $ | 44,082 | $ | 39,852 | ||||||||||||||||||||||||||||
Net earnings allocated to participating securities | Net earnings allocated to participating securities | (68) | (47) | (132) | (92) | Net earnings allocated to participating securities | (66) | (47) | (198) | (139) | ||||||||||||||||||||||||||||||||||||
Net earnings allocated to common stock | Net earnings allocated to common stock | $ | 14,295 | $ | 12,868 | $ | 28,401 | $ | 25,929 | Net earnings allocated to common stock | $ | 15,483 | $ | 13,784 | $ | 43,884 | $ | 39,713 | ||||||||||||||||||||||||||||
Distributed earnings allocated to common stock | Distributed earnings allocated to common stock | $ | 2,935 | $ | 2,859 | $ | 5,879 | $ | 5,718 | Distributed earnings allocated to common stock | $ | 2,936 | $ | 2,859 | $ | 8,815 | $ | 8,577 | ||||||||||||||||||||||||||||
Undistributed earnings allocated to common stock | Undistributed earnings allocated to common stock | 11,360 | 10,009 | 22,522 | 20,211 | Undistributed earnings allocated to common stock | 12,547 | 10,925 | 35,069 | 31,136 | ||||||||||||||||||||||||||||||||||||
Net earnings allocated to common stock | Net earnings allocated to common stock | $ | 14,295 | $ | 12,868 | $ | 28,401 | $ | 25,929 | Net earnings allocated to common stock | $ | 15,483 | $ | 13,784 | $ | 43,884 | $ | 39,713 | ||||||||||||||||||||||||||||
Weighted average common shares outstanding, including shares considered participating securities | Weighted average common shares outstanding, including shares considered participating securities | 16,860 | 16,885 | 16,871 | 16,870 | Weighted average common shares outstanding, including shares considered participating securities | 17,324 | 16,887 | 17,024 | 16,875 | ||||||||||||||||||||||||||||||||||||
Less: Average participating securities | Less: Average participating securities | (78) | (60) | (75) | (58) | Less: Average participating securities | (70) | (54) | (73) | (56) | ||||||||||||||||||||||||||||||||||||
Weighted average shares | Weighted average shares | 16,782 | 16,825 | 16,796 | 16,812 | Weighted average shares | 17,254 | 16,833 | 16,951 | 16,819 | ||||||||||||||||||||||||||||||||||||
Basic earnings per common share | Basic earnings per common share | $ | 0.85 | $ | 0.76 | $ | 1.69 | $ | 1.54 | Basic earnings per common share | $ | 0.90 | $ | 0.82 | $ | 2.59 | $ | 2.36 | ||||||||||||||||||||||||||||
Diluted earnings per common share computation: | Diluted earnings per common share computation: | Diluted earnings per common share computation: | ||||||||||||||||||||||||||||||||||||||||||||
Net earnings allocated to common stock | Net earnings allocated to common stock | $ | 14,295 | $ | 12,868 | $ | 28,401 | $ | 25,929 | Net earnings allocated to common stock | $ | 15,483 | $ | 13,784 | $ | 43,884 | $ | 39,713 | ||||||||||||||||||||||||||||
Weighted average common shares outstanding for basic earnings per common share | Weighted average common shares outstanding for basic earnings per common share | 16,782 | 16,825 | 16,796 | 16,812 | Weighted average common shares outstanding for basic earnings per common share | 17,254 | 16,833 | 16,951 | 16,819 | ||||||||||||||||||||||||||||||||||||
Add: Dilutive effects of performance based-shares | Add: Dilutive effects of performance based-shares | 33 | 0 | 33 | 0 | Add: Dilutive effects of performance based-shares | 33 | 0 | 33 | 0 | ||||||||||||||||||||||||||||||||||||
Weighted average shares and dilutive potential common shares | Weighted average shares and dilutive potential common shares | 16,815 | 16,825 | 16,829 | 16,812 | Weighted average shares and dilutive potential common shares | 17,287 | 16,833 | 16,984 | 16,819 | ||||||||||||||||||||||||||||||||||||
Diluted earnings per common share | Diluted earnings per common share | $ | 0.85 | $ | 0.76 | $ | 1.69 | $ | 1.54 | Diluted earnings per common share | $ | 0.90 | $ | 0.82 | $ | 2.59 | $ | 2.36 |
Fair value as of | |||||||||||||||||
Balance Sheet Location | June 30, 2022 | December 31, 2021 | |||||||||||||||
Interest rate contracts | Accrued interest and other liabilities | $ | 18 | $ | (388) |
Fair value as of | |||||||||||||||||
Balance Sheet Location | September 30, 2022 | December 31, 2021 | |||||||||||||||
Interest rate contracts | Accrued interest receivable (payable) and other assets ( liabilities) | $ | 132 | $ | (388) |
For the Three Months Ended June 30, 2022 | (a) | (b) | (c) | (d) | (e) | ||||||||||||||||||||||||
Interest rate contracts | $ | 110 | Interest expense – subordinated notes and debentures | $ | (51) | Other income | $ | 0 | |||||||||||||||||||||
For the Six Months Ended June 30, 2022 | (a) | (b) | (c) | (d) | (e) | ||||||||||||||||||||||||
Interest rate contracts | $ | 322 | Interest expense – subordinated notes and debentures | $ | (118) | Other income | $ | 0 | |||||||||||||||||||||
For the Three Months Ended June 30, 2021 | (a) | (b) | (c) | (d) | (e) | ||||||||||||||||||||||||
Interest rate contracts | $ | 50 | Interest expense – subordinated notes and debentures | $ | (62) | Other income | $ | 0 | |||||||||||||||||||||
For the Six Months Ended June 30, 2021 | (a) | (b) | (c) | (d) | (e) | ||||||||||||||||||||||||
Interest rate contracts | $ | 134 | Interest expense – subordinated notes and debentures | $ | (131) | Other income | $ | 0 |
For the Three Months Ended September 30, 2022 | (a) | (b) | (c) | (d) | (e) | ||||||||||||||||||||||||
Interest rate contracts | $ | 88 | Interest expense – subordinated notes and debentures | $ | (26) | Other income | $ | 0 | |||||||||||||||||||||
For the Nine Months Ended September 30, 2022 | (a) | (b) | (c) | (d) | (e) | ||||||||||||||||||||||||
Interest rate contracts | $ | 410 | Interest expense – subordinated notes and debentures | $ | (144) | Other income | $ | 0 | |||||||||||||||||||||
For the Three Months Ended September 30, 2021 | (a) | (b) | (c) | (d) | (e) | ||||||||||||||||||||||||
Interest rate contracts | $ | 53 | Interest expense – subordinated notes and debentures | $ | (73) | Other income | $ | 0 | |||||||||||||||||||||
For the Nine Months Ended September 30, 2021 | (a) | (b) | (c) | (d) | (e) | ||||||||||||||||||||||||
Interest rate contracts | $ | 187 | Interest expense – subordinated notes and debentures | $ | (204) | Other income | $ | 0 |
Notional Amount | Weighted Average Maturity (in years) | Weighted Average Fixed Rate | Weighted Average Variable Rate | Fair Value | Notional Amount | Weighted Average Maturity (in years) | Weighted Average Fixed Rate | Weighted Average Variable Rate | Fair Value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2022 | September 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3rd Party interest rate swaps | 3rd Party interest rate swaps | $ | 32,095 | 5.44 | 4.12 | % | 1 month LIBOR + 2.27% | $ | 441 | (a) | 3rd Party interest rate swaps | $ | 31,758 | 5.19 | 4.12 | % | 1 month LIBOR + 2.26% | $ | 1,768 | (a) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Customer interest rate swaps | Customer interest rate swaps | (32,095) | 5.44 | 4.12 | % | 1 month LIBOR + 2.27% | (441) | (b) | Customer interest rate swaps | (31,758) | 5.19 | 4.12 | % | 1 month LIBOR + 2.26% | (1,768) | (b) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | December 31, 2021 | December 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3rd Party interest rate swaps | 3rd Party interest rate swaps | $ | 32,768 | 5.8 | 4.12 | % | 1 month LIBOR + 2.27% | $ | 2,124 | (a) | 3rd Party interest rate swaps | $ | 32,768 | 5.8 | 4.12 | % | 1 month LIBOR + 2.27% | $ | 2,124 | (a) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Customer interest rate swaps | Customer interest rate swaps | (32,768) | 5.8 | 4.12 | % | 1 month LIBOR + 2.27% | (2,124) | (b) | Customer interest rate swaps | (32,768) | 5.8 | 4.12 | % | 1 month LIBOR + 2.27% | (2,124) | (b) |
Fair Value Measurements at June 30, 2022 Using: | |||||||||||||||||||||||
Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||||||||||
Description | Total | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||||
Securities Available-For-Sale: | |||||||||||||||||||||||
U.S. Government sponsored entities | $ | 2,211 | $ | 0 | $ | 2,211 | $ | 0 | |||||||||||||||
States and political subdivisions | 103,509 | 0 | 103,509 | 0 | |||||||||||||||||||
Residential and multi-family mortgage | 244,513 | 0 | 244,513 | 0 | |||||||||||||||||||
Corporate notes and bonds | 39,080 | 0 | 39,080 | 0 | |||||||||||||||||||
Pooled SBA | 15,094 | 0 | 15,094 | 0 | |||||||||||||||||||
Total Securities Available-For-Sale | $ | 404,407 | $ | 0 | $ | 404,407 | $ | 0 | |||||||||||||||
Interest Rate swaps | $ | 441 | $ | 0 | $ | 441 | $ | 0 | |||||||||||||||
Equity Securities: | |||||||||||||||||||||||
Corporate equity securities | $ | 6,272 | $ | 6,272 | $ | 0 | $ | 0 | |||||||||||||||
Mutual funds | 2,591 | 2,591 | 0 | 0 | |||||||||||||||||||
Corporate notes and bonds | 676 | 676 | 0 | 0 | |||||||||||||||||||
Total Trading Securities | $ | 9,539 | $ | 9,539 | $ | 0 | $ | 0 | |||||||||||||||
Liabilities: | |||||||||||||||||||||||
Interest Rate Swaps | $ | (423) | $ | 0 | $ | (423) | $ | 0 | |||||||||||||||
Fair Value Measurements at September 30, 2022 Using: | ||||||||||||||||||||||||||||||||||||||||||||||
Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||||||||||||||||||||||||||||||||
Description | Description | Total | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||||||||||||||||||||||||
Assets: | Assets: | |||||||||||||||||||||||||||||||||||||||||||||
Securities Available-For-Sale: | Securities Available-For-Sale: | |||||||||||||||||||||||||||||||||||||||||||||
U.S. Government sponsored entities | U.S. Government sponsored entities | $ | 3,078 | $ | 0 | $ | 3,078 | $ | 0 | |||||||||||||||||||||||||||||||||||||
States and political subdivisions | States and political subdivisions | 95,982 | 0 | 95,982 | 0 | |||||||||||||||||||||||||||||||||||||||||
Residential and multi-family mortgage | Residential and multi-family mortgage | 222,796 | 0 | 222,796 | 0 | |||||||||||||||||||||||||||||||||||||||||
Corporate notes and bonds | Corporate notes and bonds | 42,454 | 0 | 42,454 | 0 | |||||||||||||||||||||||||||||||||||||||||
Pooled SBA | Pooled SBA | 13,926 | 0 | 13,926 | 0 | |||||||||||||||||||||||||||||||||||||||||
Total Securities Available-For-Sale | Total Securities Available-For-Sale | $ | 378,236 | $ | 0 | $ | 378,236 | $ | 0 | |||||||||||||||||||||||||||||||||||||
Interest Rate swaps | Interest Rate swaps | $ | 1,900 | $ | 0 | $ | 1,900 | $ | 0 | |||||||||||||||||||||||||||||||||||||
Equity Securities: | Equity Securities: | |||||||||||||||||||||||||||||||||||||||||||||
Corporate equity securities | Corporate equity securities | $ | 5,995 | $ | 5,995 | $ | 0 | $ | 0 | |||||||||||||||||||||||||||||||||||||
Mutual funds | Mutual funds | 2,582 | 2,582 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Corporate notes and bonds | Corporate notes and bonds | 658 | 658 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
Total Equity Securities | Total Equity Securities | $ | 9,235 | $ | 9,235 | $ | 0 | $ | 0 | |||||||||||||||||||||||||||||||||||||
Liabilities: | Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
Interest Rate Swaps | Interest Rate Swaps | $ | (1,768) | $ | 0 | $ | (1,768) | $ | 0 | |||||||||||||||||||||||||||||||||||||
Fair Value Measurements at December 31, 2021 Using: | ||||||||||||||||||||||||||||||||||||||||||||||
Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||||||||||||||||||||||||||||||||
Description | Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||||||||||||||||
Securities Available-For-Sale: | ||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government sponsored entities | $ | 111,748 | $ | 0 | $ | 111,748 | $ | 0 | ||||||||||||||||||||||||||||||||||||||
States and political subdivisions | 103,712 | 0 | 103,712 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Residential and multi-family mortgage | 434,635 | 4,995 | 429,640 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Corporate notes and bonds | 28,064 | 0 | 28,064 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Pooled SBA | 19,032 | 0 | 19,032 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Total Securities Available-For-Sale | $ | 697,191 | $ | 4,995 | $ | 692,196 | $ | 0 | ||||||||||||||||||||||||||||||||||||||
Interest Rate swaps | $ | 2,124 | $ | 0 | $ | 2,124 | $ | 0 | ||||||||||||||||||||||||||||||||||||||
Equity Securities: | ||||||||||||||||||||||||||||||||||||||||||||||
Corporate equity securities | $ | 6,715 | $ | 6,715 | $ | 0 | $ | 0 | ||||||||||||||||||||||||||||||||||||||
Mutual funds | 2,566 | 2,566 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Certificates of deposit | 506 | 506 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Corporate notes and bonds | 579 | 579 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Total Trading Securities | $ | 10,366 | $ | 10,366 | $ | 0 | $ | 0 | ||||||||||||||||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||
Interest Rate Swaps | $ | (2,512) | $ | 0 | $ | (2,512) | $ | 0 |
Fair Value Measurements at December 31, 2021 Using: | |||||||||||||||||||||||
Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | |||||||||||||||||||||
Description | Total | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||||
Securities Available-For-Sale: | |||||||||||||||||||||||
U.S. Government sponsored entities | $ | 111,748 | $ | 0 | $ | 111,748 | $ | 0 | |||||||||||||||
States and political subdivisions | 103,712 | 0 | 103,712 | 0 | |||||||||||||||||||
Residential and multi-family mortgage | 434,635 | 4,995 | 429,640 | 0 | |||||||||||||||||||
Corporate notes and bonds | 28,064 | 0 | 28,064 | 0 | |||||||||||||||||||
Pooled SBA | 19,032 | 0 | 19,032 | 0 | |||||||||||||||||||
Total Securities Available-For-Sale | $ | 697,191 | $ | 4,995 | $ | 692,196 | $ | 0 | |||||||||||||||
Interest Rate swaps | $ | 2,124 | $ | 0 | $ | 2,124 | $ | 0 | |||||||||||||||
Equity Securities: | |||||||||||||||||||||||
Corporate equity securities | $ | 6,715 | $ | 6,715 | $ | 0 | $ | 0 | |||||||||||||||
Mutual funds | 2,566 | 2,566 | 0 | 0 | |||||||||||||||||||
Certificates of deposit | 506 | 506 | 0 | 0 | |||||||||||||||||||
Corporate notes and bonds | 579 | 579 | 0 | 0 | |||||||||||||||||||
Total Equity Securities | $ | 10,366 | $ | 10,366 | $ | 0 | $ | 0 | |||||||||||||||
Liabilities: | |||||||||||||||||||||||
Interest Rate Swaps | $ | (2,512) | $ | 0 | $ | (2,512) | $ | 0 |
Corporate Notes and Bonds | |||||||||||
Balance, | $ | ||||||||||
Purchases | |||||||||||
Total gains or (losses): | |||||||||||
Included in other comprehensive income (loss) | |||||||||||
Settlements | 0 | ||||||||||
Transfers into Level 3 | |||||||||||
Transfers out of Level 3 | |||||||||||
Balance, | $ |
States and Political Subdivisions | Corporate Notes and Bonds | States and Political Subdivisions | Corporate Notes and Bonds | |||||||||||||||||||
Balance, January 1, 2021 | Balance, January 1, 2021 | $ | 64 | $ | 0 | Balance, January 1, 2021 | $ | 64 | $ | 0 | ||||||||||||
Purchases | Purchases | 0 | 6,750 | Purchases | 0 | 8,250 | ||||||||||||||||
Total gains or (losses): | Total gains or (losses): | Total gains or (losses): | ||||||||||||||||||||
Included in other comprehensive income (loss) | Included in other comprehensive income (loss) | 0 | 76 | Included in other comprehensive income (loss) | 0 | 0 | ||||||||||||||||
Settlements | Settlements | (64) | 0 | Settlements | (64) | 0 | ||||||||||||||||
Transfers into Level 3 | Transfers into Level 3 | 0 | 3,000 | Transfers into Level 3 | 0 | 0 | ||||||||||||||||
Transfers out of Level 3 | Transfers out of Level 3 | 0 | 0 | Transfers out of Level 3 | 0 | (8,250) | ||||||||||||||||
Balance, June 30, 2021 | $ | 0 | $ | 9,826 | ||||||||||||||||||
Balance, September 30, 2021 | Balance, September 30, 2021 | $ | 0 | $ | 0 |
Fair Value Measurements at June 30, 2022 Using | Fair Value Measurements at September 30, 2022 Using | |||||||||||||||||||||||||||||||||||||||||||||
Description | Description | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Description | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||||||||||||||||||||||||||||
Assets: | Assets: | Assets: | ||||||||||||||||||||||||||||||||||||||||||||
Collateral-dependent loans receivable: | Collateral-dependent loans receivable: | Collateral-dependent loans receivable: | ||||||||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 895 | $ | 0 | $ | 0 | $ | 895 | Farmland | $ | 854 | $ | 0 | $ | 0 | $ | 854 | ||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 1,163 | 0 | 0 | 1,163 | Owner-occupied, nonfarm nonresidential properties | 1,103 | 0 | 0 | 1,103 | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | Commercial and industrial | 1,723 | 0 | 0 | 1,723 | Commercial and industrial | 1,778 | 0 | 0 | 1,778 | ||||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 543 | 0 | 0 | 543 | Multifamily (5 or more) residential properties | 632 | 0 | 0 | 632 | ||||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential | Non-owner occupied, nonfarm nonresidential | 2,746 | 0 | 0 | 2,746 | Non-owner occupied, nonfarm nonresidential | 3,203 | 0 | 0 | 3,203 | ||||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 236 | 0 | 0 | 236 | |||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 650 | 0 | 0 | 650 | Residential Mortgages secured by first liens | 827 | 0 | 0 | 827 |
Fair Value Measurements at December 31, 2021 Using | |||||||||||||||||||||||
Description | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||||
Collateral-dependent loans receivable: | |||||||||||||||||||||||
Farmland | $ | 920 | $ | 0 | $ | 0 | $ | 920 | |||||||||||||||
Owner-occupied, nonfarm nonresidential properties | 194 | 0 | 0 | 194 | |||||||||||||||||||
Commercial and industrial | 3,102 | 0 | 0 | 3,102 | |||||||||||||||||||
Other construction loans and all land development loans and other land loans | 248 | 0 | 0 | 248 | |||||||||||||||||||
Multifamily (5 or more) residential properties | 627 | 0 | 0 | 627 | |||||||||||||||||||
Non-owner occupied, nonfarm nonresidential | 2,889 | 0 | 0 | 2,889 | |||||||||||||||||||
Fair value | Valuation Technique | Unobservable Inputs | Range (Weighted Average) | ||||||||||||||||||||
Collateral-dependent loans receivable: | |||||||||||||||||||||||
Farmland | $ | Valuation of third party appraisal on underlying collateral | Loss severity rates | ||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Valuation of third party appraisal on underlying collateral | Loss severity rates | |||||||||||||||||||||
Commercial and industrial | Valuation of third party appraisal on underlying collateral | Loss severity rates | |||||||||||||||||||||
Multifamily (5 or more) residential properties | Valuation of third party appraisal on underlying collateral | Loss severity rates | |||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential | Valuation of third party appraisal on underlying collateral | Loss severity rates | 25% | ||||||||||||||||||||
Valuation of third party appraisal on underlying collateral | Loss severity rates | ||||||||||||||||||||||
Residential Mortgages secured by first liens | 827 | Valuation of third party appraisal on underlying collateral | Loss severity rates | 19%-52% (30%) |
Fair value | Valuation Technique | Unobservable Inputs | Range (Weighted Average) | ||||||||||||||||||||
Collateral-dependent loans receivable: | |||||||||||||||||||||||
Farmland | $ | 920 | Valuation of third party appraisal on underlying collateral | Loss severity rates | 60% (60%) | ||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | 194 | Valuation of third party appraisal on underlying collateral | Loss severity rates | 0%-60% (57%) | |||||||||||||||||||
Commercial and industrial | 3,102 | Valuation of third party appraisal on underlying collateral | Loss severity rates | 0%-59% (42%) | |||||||||||||||||||
Other construction loans and all land development loans and other land loans | 248 | Valuation of third party appraisal on underlying collateral | Loss severity rates | 25% (25%) | |||||||||||||||||||
Multifamily (5 or more) residential properties | 627 | Valuation of third party appraisal on underlying collateral | Loss severity rates | 0%-57% (26%) | |||||||||||||||||||
Non-owner occupied, nonfarm nonresidential | 2,889 | Valuation of third party appraisal on underlying collateral | Loss severity rates | 25%-60% (34%) | |||||||||||||||||||
Carrying | Fair Value Measurement Using: | Total | Carrying | Fair Value Measurement Using: | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | Fair Value | Amount | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||||||||||||||||||||||||||||||||||||||||||
ASSETS | ASSETS | ASSETS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and cash equivalents | Cash and cash equivalents | $ | 284,154 | $ | 284,154 | $ | 0 | $ | 0 | $ | 284,154 | Cash and cash equivalents | $ | 209,796 | $ | 209,796 | $ | 0 | $ | 0 | $ | 209,796 | ||||||||||||||||||||||||||||||||||||
Debt securities available-for-sale | Debt securities available-for-sale | 404,407 | 0 | 404,407 | 0 | 404,407 | Debt securities available-for-sale | 378,236 | 0 | 378,236 | 0 | 378,236 | ||||||||||||||||||||||||||||||||||||||||||||||
Debt securities held-to-maturity | Debt securities held-to-maturity | 413,310 | 0 | 389,933 | 0 | 389,933 | Debt securities held-to-maturity | 408,209 | 0 | 369,102 | 0 | 369,102 | ||||||||||||||||||||||||||||||||||||||||||||||
Equity securities | Equity securities | 9,539 | 9,539 | 0 | 0 | 9,539 | Equity securities | 9,235 | 9,235 | 0 | 0 | 9,235 | ||||||||||||||||||||||||||||||||||||||||||||||
Loans held for sale | Loans held for sale | 843 | 0 | 846 | 0 | 846 | Loans held for sale | 624 | 0 | 626 | 0 | 626 | ||||||||||||||||||||||||||||||||||||||||||||||
Net loans receivable | Net loans receivable | 3,869,210 | 0 | 0 | 3,869,617 | 3,869,617 | Net loans receivable | 3,983,396 | 0 | 0 | 3,974,986 | 3,974,986 | ||||||||||||||||||||||||||||||||||||||||||||||
FHLB and other restricted stock holdings and investments | FHLB and other restricted stock holdings and investments | 24,484 | n/a | n/a | n/a | n/a | FHLB and other restricted stock holdings and investments | 23,923 | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | Interest rate swaps | 441 | 0 | 441 | 0 | 441 | Interest rate swaps | 1,900 | 0 | 1,900 | 0 | 1,900 | ||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest receivable | Accrued interest receivable | 16,731 | 0 | 2,865 | 13,866 | 16,731 | Accrued interest receivable | 17,871 | 0 | 2,999 | 14,872 | 17,871 | ||||||||||||||||||||||||||||||||||||||||||||||
LIABILITIES | LIABILITIES | LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | Deposits | $ | (4,701,820) | $ | (4,397,542) | $ | (307,246) | $ | 0 | $ | (4,704,788) | Deposits | $ | (4,623,811) | $ | (4,299,723) | $ | (326,305) | $ | 0 | $ | (4,626,028) | ||||||||||||||||||||||||||||||||||||
Subordinated debentures | Subordinated debentures | (20,620) | 0 | (14,084) | 0 | (14,084) | Subordinated debentures | (20,620) | 0 | (14,684) | 0 | (14,684) | ||||||||||||||||||||||||||||||||||||||||||||||
Subordinated notes, net of unamortized issuance costs | Subordinated notes, net of unamortized issuance costs | (83,812) | 0 | (83,922) | 0 | (83,922) | Subordinated notes, net of unamortized issuance costs | (83,888) | 0 | (93,140) | 0 | (93,140) | ||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | Interest rate swaps | (423) | 0 | (423) | 0 | (423) | Interest rate swaps | (1,768) | 0 | (1,768) | 0 | (1,768) | ||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest payable | Accrued interest payable | (567) | 0 | (567) | 0 | (567) | Accrued interest payable | (525) | 0 | (525) | 0 | (525) |
Carrying | Fair Value Measurement Using: | Total | |||||||||||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 732,198 | $ | 732,198 | $ | 0 | $ | 0 | $ | 732,198 | |||||||||||||||||||
Debt securities available-for-sale | 697,191 | 4,995 | 692,196 | 0 | 697,191 | ||||||||||||||||||||||||
Equity securities | 10,366 | 10,366 | 0 | 0 | 10,366 | ||||||||||||||||||||||||
Loans held for sale | 849 | 0 | 858 | 0 | 858 | ||||||||||||||||||||||||
Net loans receivable | 3,597,204 | 0 | 0 | 3,613,452 | 3,613,452 | ||||||||||||||||||||||||
FHLB and other restricted stock holdings and investments | 23,276 | n/a | n/a | n/a | n/a | ||||||||||||||||||||||||
Interest rate swaps | 2,124 | 0 | 2,124 | 0 | 2,124 | ||||||||||||||||||||||||
Accrued interest receivable | 15,516 | 16 | 2,171 | 13,329 | 15,516 | ||||||||||||||||||||||||
LIABILITIES | |||||||||||||||||||||||||||||
Deposits | $ | (4,715,619) | $ | (4,329,167) | $ | (391,850) | $ | 0 | $ | (4,721,017) | |||||||||||||||||||
Subordinated notes, net of unamortized issuance costs | (104,281) | 0 | (92,675) | 0 | (92,675) | ||||||||||||||||||||||||
Interest rate swaps | (2,512) | 0 | (2,512) | 0 | (2,512) | ||||||||||||||||||||||||
Accrued interest payable | (886) | 0 | (886) | 0 | (886) |
Three Months Ended June 30, | Six Months Ended June 30, | Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
Non-interest Income | Non-interest Income | Non-interest Income | ||||||||||||||||||||||||||||||||||||||||||||
Service charges on deposit accounts | Service charges on deposit accounts | $ | 1,771 | $ | 1,446 | $ | 3,528 | $ | 2,794 | Service charges on deposit accounts | $ | 1,872 | $ | 1,595 | $ | 5,400 | $ | 4,389 | ||||||||||||||||||||||||||||
Wealth and asset management fees | Wealth and asset management fees | 1,803 | 1,765 | 3,586 | 3,287 | Wealth and asset management fees | 1,870 | 1,734 | 5,456 | 5,021 | ||||||||||||||||||||||||||||||||||||
Mortgage banking (1) | Mortgage banking (1) | 292 | 536 | 767 | 1,771 | Mortgage banking (1) | 298 | 844 | 1,065 | 2,615 | ||||||||||||||||||||||||||||||||||||
Card processing and interchange income | Card processing and interchange income | 1,992 | 2,079 | 3,801 | 3,913 | Card processing and interchange income | 1,975 | 1,958 | 5,776 | 5,871 | ||||||||||||||||||||||||||||||||||||
Net gains (losses) on sales of securities (1) | Net gains (losses) on sales of securities (1) | 0 | 0 | 651 | 0 | Net gains (losses) on sales of securities (1) | 0 | 0 | 651 | 0 | ||||||||||||||||||||||||||||||||||||
Other income | Other income | 2,288 | 2,031 | 5,467 | 4,331 | Other income | 1,944 | 2,283 | 7,411 | 6,614 | ||||||||||||||||||||||||||||||||||||
Total non-interest income | Total non-interest income | $ | 8,146 | $ | 7,857 | $ | 17,800 | $ | 16,096 | Total non-interest income | $ | 7,959 | $ | 8,414 | $ | 25,759 | $ | 24,510 |
June 30, 2022 | September 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Within One Year | After One But Within Five Years | After Five But Within Ten Years | After Ten Years | Total | Within One Year | After One But Within Five Years | After Five But Within Ten Years | After Ten Years | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government Sponsored Entities | U.S. Government Sponsored Entities | $ | 437 | 2.29 | % | $ | 1,774 | 0.65 | % | $ | 0 | 0.00 | % | $ | 0 | 0.00 | % | 2,211 | 0.97 | % | U.S. Government Sponsored Entities | $ | 1,190 | 1.80 | % | $ | 1,888 | 0.90 | % | $ | 0 | 0.00 | % | $ | 0 | 0.00 | % | 3,078 | 1.25 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State and Political Subdivisions | State and Political Subdivisions | 4,176 | 3.29 | % | 22,040 | 2.65 | % | 52,901 | 2.15 | % | 24,392 | 2.63 | % | 103,509 | 2.42 | % | State and Political Subdivisions | 3,373 | 3.28 | % | 24,894 | 2.85 | % | 46,941 | 2.05 | % | 20,774 | 2.54 | % | 95,982 | 2.41 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential and multi-family mortgage | Residential and multi-family mortgage | 0 | 0.00 | % | 8,538 | 2.89 | % | 30,392 | 2.17 | % | 205,583 | 1.50 | % | 244,513 | 1.63 | % | Residential and multi-family mortgage | 0 | 0.00 | % | 8,110 | 2.90 | % | 28,586 | 2.27 | % | 186,100 | 1.55 | % | 222,796 | 1.69 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate notes and bonds | Corporate notes and bonds | 0 | 0.00 | % | 9,593 | 2.79 | % | 28,487 | 4.00 | % | 1,000 | 5.50 | % | 39,080 | 3.74 | % | Corporate notes and bonds | 158 | 0.56 | % | 11,586 | 3.30 | % | 30,710 | 4.19 | % | 0 | 0.00 | % | 42,454 | 3.93 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pooled SBA | Pooled SBA | 0 | 0.00 | % | 77 | 4.76 | % | 7,166 | 3.12 | % | 7,851 | 1.86 | % | 15,094 | 2.47 | % | Pooled SBA | 0 | 0.00 | % | 228 | 5.22 | % | 7,312 | 2.96 | % | 6,386 | 1.86 | % | 13,926 | 2.49 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 4,613 | 3.20 | % | $ | 42,022 | 2.65 | % | $ | 118,946 | 2.66 | % | $ | 238,826 | 1.64 | % | $ | 404,407 | 2.06 | % | Total | $ | 4,721 | 2.82 | % | $ | 46,706 | 2.90 | % | $ | 113,549 | 2.74 | % | $ | 213,260 | 1.66 | % | $ | 378,236 | 2.15 | % |
June 30, 2022 | September 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Within One Year | After One But Within Five Years | After Five But Within Ten Years | After Ten Years | Total | Within One Year | After One But Within Five Years | After Five But Within Ten Years | After Ten Years | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | $ Amt. | Yield | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government Sponsored Entities | U.S. Government Sponsored Entities | $ | 5,125 | 0.58 | % | $ | 232,236 | 1.55 | % | $ | 64,786 | 1.64 | % | $ | 5,487 | 2.34 | % | $ | 307,634 | 1.57 | % | U.S. Government Sponsored Entities | $ | 5,091 | 0.58 | % | $ | 242,852 | 1.55 | % | $ | 54,242 | 1.65 | % | $ | 5,487 | 2.34 | % | $ | 307,672 | 1.57 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential and multi-family mortgage | Residential and multi-family mortgage | $ | 0 | 0.00 | % | $ | 4,017 | 2.81 | % | $ | 0 | 0.00 | % | $ | 101,659 | 3.74 | % | $ | 105,676 | 3.70 | % | Residential and multi-family mortgage | $ | 0 | 0.00 | % | $ | 3,917 | 2.80 | % | $ | 1,760 | 3.25 | % | $ | 94,860 | 3.28 | % | $ | 100,537 | 3.26 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 5,125 | 0.58 | % | $ | 236,253 | 1.57 | % | $ | 64,786 | 1.64 | % | $ | 107,146 | 3.67 | % | $ | 413,310 | 2.11 | % | Total | $ | 5,091 | 0.58 | % | $ | 246,769 | 1.57 | % | $ | 56,002 | 1.70 | % | $ | 100,347 | 3.23 | % | $ | 408,209 | 1.99 | % |
Weighted Average Modified Duration (in Years) | |||||
U.S. Government Sponsored Entities | |||||
State and Political Subdivisions | |||||
Residential and multi-family mortgage | |||||
Corporate notes and bonds | |||||
Pooled SBA | |||||
Total |
Weighted Average Modified Duration (in Years) | |||||
U.S. Government Sponsored Entities | |||||
Residential and multi-family mortgage | |||||
Total | 3.63 | ||||
June 30, 2022 | September 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Due in One Year or Less | After One, but Within Five Years | After Five but Within Fifteen Years | After Fifteen Years | Total | Due in One Year or Less | After One, but Within Five Years | After Five but Within Fifteen Years | After Fifteen Years | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Receivable with Fixed Interest Rate | Loans Receivable with Fixed Interest Rate | Loans Receivable with Fixed Interest Rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 139 | $ | 2,313 | $ | 7,480 | $ | 933 | $ | 10,865 | Farmland | $ | 138 | $ | 2,279 | $ | 8,267 | $ | 0 | $ | 10,684 | ||||||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 7,234 | 23,507 | 15,473 | 5,366 | 51,580 | Owner-occupied, nonfarm nonresidential properties | 8,163 | 22,301 | 14,699 | 5,120 | 50,283 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | 0 | 312 | 0 | 0 | 312 | Agricultural production and other loans to farmers | 8 | 294 | 0 | 0 | 302 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 3,550 | 214,439 | 85,710 | 175 | 303,874 | Commercial and Industrial | 12,775 | 217,687 | 93,626 | 175 | 324,263 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 2,858 | 9,747 | 53,178 | 38,970 | 104,753 | Obligations (other than securities and leases) of states and political subdivisions | 3,185 | 12,143 | 56,576 | 37,650 | 109,554 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans | Other loans | 12 | 810 | 596 | 290 | 1,708 | Other loans | 8 | 735 | 588 | 289 | 1,620 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans (1) | Other construction loans and all land development and other land loans (1) | 18,954 | 14,502 | 10,046 | 1,306 | 44,808 | Other construction loans and all land development and other land loans (1) | 28,941 | 21,204 | 12,747 | 1,298 | 64,190 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 1,881 | 55,833 | 4,263 | 4,667 | 66,644 | Multifamily (5 or more) residential properties | 945 | 55,496 | 4,248 | 4,625 | 65,314 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 11,308 | 61,816 | 39,402 | 1,340 | 113,866 | Non-owner occupied, nonfarm nonresidential properties | 15,713 | 59,083 | 57,545 | 1,327 | 133,668 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1-4 Family Construction (1) | 1-4 Family Construction (1) | 2,646 | 0 | 682 | 5,672 | 9,000 | 1-4 Family Construction (1) | 2,247 | 368 | 445 | 5,269 | 8,329 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 7 | 107 | 656 | 431 | 1,201 | Home equity lines of credit | 139 | 84 | 623 | 419 | 1,265 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 1,305 | 24,641 | 253,232 | 118,004 | 397,182 | Residential Mortgages secured by first liens | 3,369 | 23,865 | 253,235 | 124,910 | 405,379 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 157 | 6,647 | 44,976 | 5,712 | 57,492 | Residential Mortgages secured by junior liens | 179 | 6,743 | 48,674 | 7,663 | 63,259 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 6 | 14 | 14 | 2 | 36 | Other revolving credit plans | 5 | 13 | 17 | 3 | 38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Automobile | Automobile | 412 | 14,214 | 5,533 | 0 | 20,159 | Automobile | 477 | 14,765 | 5,792 | 0 | 21,034 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 7,030 | 33,127 | 8,847 | 2,578 | 51,582 | Other consumer | 7,192 | 34,228 | 8,518 | 2,537 | 52,475 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 0 | 0 | 0 | 0 | 0 | Credit cards | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 0 | 0 | 0 | 0 | 0 | Overdrafts | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 57,499 | $ | 462,029 | $ | 530,088 | $ | 185,446 | $ | 1,235,062 | Total | $ | 83,484 | $ | 471,288 | $ | 565,600 | $ | 191,285 | $ | 1,311,657 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loans Receivable with Variable or Floating Interest Rate | Loans Receivable with Variable or Floating Interest Rate | Loans Receivable with Variable or Floating Interest Rate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 530 | $ | 2,902 | $ | 10,186 | $ | 7,166 | $ | 20,784 | Farmland | $ | 503 | $ | 2,900 | $ | 9,958 | $ | 6,693 | $ | 20,054 | ||||||||||||||||||||||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 19,636 | 38,669 | 299,417 | 54,620 | 412,342 | Owner-occupied, nonfarm nonresidential properties | 33,037 | 42,255 | 278,084 | 58,050 | 411,426 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | 531 | 78 | 176 | 0 | 785 | Agricultural production and other loans to farmers | 548 | 74 | 173 | 0 | 795 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 242,424 | 124,351 | 85,458 | 3,310 | 455,543 | Commercial and Industrial | 224,701 | 131,258 | 78,328 | 2,425 | 436,712 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 0 | 1,529 | 13,470 | 23,736 | 38,735 | Obligations (other than securities and leases) of states and political subdivisions | 0 | 4,039 | 10,674 | 23,689 | 38,402 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans | Other loans | 2,337 | 4,142 | 1,432 | 4,905 | 12,816 | Other loans | 2,344 | 3,390 | 1,395 | 4,905 | 12,034 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans (1) | Other construction loans and all land development and other land loans (1) | 71,185 | 119,065 | 92,066 | 14,275 | 296,591 | Other construction loans and all land development and other land loans (1) | 81,848 | 87,854 | 100,193 | 15,201 | 285,096 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 16,604 | 23,549 | 89,089 | 16,675 | 145,917 | Multifamily (5 or more) residential properties | 22,861 | 25,369 | 124,074 | 11,076 | 183,380 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 57,529 | 179,969 | 324,053 | 59,163 | 620,714 | Non-owner occupied, nonfarm nonresidential properties | 83,604 | 138,956 | 328,026 | 57,960 | 608,546 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1-4 Family Construction (1) | 1-4 Family Construction (1) | 4,688 | 4,216 | 3,157 | 19,929 | 31,990 | 1-4 Family Construction (1) | 4,369 | 7,021 | 3,445 | 17,262 | 32,097 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 4,915 | 7,714 | 68,557 | 33,449 | 114,635 | Home equity lines of credit | 5,102 | 7,566 | 66,782 | 43,307 | 122,757 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 5,942 | 15,432 | 155,907 | 301,511 | 478,792 | Residential Mortgages secured by first liens | 6,134 | 16,376 | 157,549 | 335,742 | 515,801 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 1,430 | 335 | 2,643 | 312 | 4,720 | Residential Mortgages secured by junior liens | 1,423 | 315 | 3,188 | 309 | 5,235 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 2,070 | 3,083 | 22,677 | 902 | 28,732 | Other revolving credit plans | 1,865 | 3,338 | 23,301 | 832 | 29,336 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Automobile | Automobile | 0 | 7 | 0 | 0 | 7 | Automobile | 0 | 7 | 0 | 0 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 0 | 40 | 61 | 82 | 183 | Other consumer | 2 | 36 | 59 | 81 | 178 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 11,049 | 0 | 0 | 0 | 11,049 | Credit cards | 10,916 | 0 | 0 | 0 | 10,916 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 356 | 0 | 0 | 0 | 356 | Overdrafts | 236 | 0 | 0 | 0 | 236 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 441,226 | $ | 525,081 | $ | 1,168,349 | $ | 540,035 | $ | 2,674,691 | Total | $ | 479,493 | $ | 470,754 | $ | 1,185,229 | $ | 577,532 | $ | 2,713,008 | ||||||||||||||||||||||||||||||||||||||||||||||||
11-4 family construction loans and other construction loans and all land development and other land loans segments include loans that are construction to permanent loans in which the loan segment will change when the construction period has concluded. | 11-4 family construction loans and other construction loans and all land development and other land loans segments include loans that are construction to permanent loans in which the loan segment will change when the construction period has concluded. | 11-4 family construction loans and other construction loans and all land development and other land loans segments include loans that are construction to permanent loans in which the loan segment will change when the construction period has concluded. |
June 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans | Nonaccrual loans | $ | 18,954 | $ | 19,420 | Nonaccrual loans | $ | 19,508 | $ | 19,420 | ||||||||||||||||||||||||||||||||||||||||||||||||
Accrual loans greater than 90 days past due | Accrual loans greater than 90 days past due | 1,060 | 168 | Accrual loans greater than 90 days past due | 1,051 | 168 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total nonperforming loans | Total nonperforming loans | 20,014 | 19,588 | Total nonperforming loans | 20,559 | 19,588 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other real estate owned | Other real estate owned | 686 | 707 | Other real estate owned | 1,206 | 707 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total nonperforming assets | Total nonperforming assets | $ | 20,700 | $ | 20,295 | Total nonperforming assets | $ | 21,765 | $ | 20,295 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loans modified in a troubled debt restructuring (TDR): | Loans modified in a troubled debt restructuring (TDR): | Loans modified in a troubled debt restructuring (TDR): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performing TDR loans | Performing TDR loans | $ | 10,596 | $ | 9,006 | Performing TDR loans | $ | 6,866 | $ | 9,006 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming TDR loans (1) | Nonperforming TDR loans (1) | 7,236 | 7,600 | Nonperforming TDR loans (1) | 6,609 | 7,600 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total TDR loans | Total TDR loans | $ | 17,832 | $ | 16,606 | Total TDR loans | $ | 13,475 | $ | 16,606 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total loans receivable | Total loans receivable | $ | 3,909,753 | $ | 3,634,792 | Total loans receivable | $ | 4,024,665 | $ | 3,634,792 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans as a percentage of total loans receivable | Nonaccrual loans as a percentage of total loans receivable | 0.48 | % | 0.53 | % | Nonaccrual loans as a percentage of total loans receivable | 0.48 | % | 0.53 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | Total assets | $ | 5,299,315 | $ | 5,328,939 | Total assets | $ | 5,317,346 | $ | 5,328,939 | ||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming assets as a percentage of total assets | Nonperforming assets as a percentage of total assets | 0.39 | % | 0.38 | % | Nonperforming assets as a percentage of total assets | 0.41 | % | 0.38 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses on loans receivable | Allowance for credit losses on loans receivable | $ | 40,543 | $ | 37,588 | Allowance for credit losses on loans receivable | $ | 41,269 | $ | 37,588 | ||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of allowance for credit losses to nonaccrual loans | Ratio of allowance for credit losses to nonaccrual loans | 213.90 | % | 193.55 | % | Ratio of allowance for credit losses to nonaccrual loans | 211.55 | % | 193.55 | % |
June 30, 2022 | September 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
Amount of Allowance Allocated | Percent of Loans in Each Category to Total Loans Receivable | Total Loans Receivable | Ratio of Allowance Allocated to Loans Receivable in Each Category | Amount of Allowance Allocated | Percent of Loans in Each Category to Total Loans Receivable | Total Loans Receivable | Ratio of Allowance Allocated to Loans Receivable in Each Category | |||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 191 | 0.8 | % | $ | 31,649 | 0.60 | % | Farmland | $ | 183 | 0.8 | % | $ | 30,738 | 0.60 | % | ||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 3,714 | 11.9 | % | 463,922 | 0.80 | % | Owner-occupied, nonfarm nonresidential properties | 3,445 | 11.5 | % | 461,709 | 0.75 | % | ||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | 7 | 0.0 | % | 1,097 | 0.64 | % | Agricultural production and other loans to farmers | 5 | 0.0 | % | 1,097 | 0.46 | % | ||||||||||||||||||||||||||||||||
Commercial and Industrial 1 | Commercial and Industrial 1 | 9,555 | 19.4 | % | 759,417 | 1.26 | % | Commercial and Industrial 1 | 9,566 | 18.9 | % | 760,975 | 1.26 | % | ||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 1,665 | 3.7 | % | 143,488 | 1.16 | % | Obligations (other than securities and leases) of states and political subdivisions | 1,762 | 3.7 | % | 147,956 | 1.19 | % | ||||||||||||||||||||||||||||||||
Other loans | Other loans | 167 | 0.4 | % | 14,524 | 1.15 | % | Other loans | 165 | 0.3 | % | 13,654 | 1.21 | % | ||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 2,328 | 8.7 | % | 341,399 | 0.68 | % | Other construction loans and all land development and other land loans | 2,536 | 8.7 | % | 349,286 | 0.73 | % | ||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 2,277 | 5.5 | % | 212,561 | 1.07 | % | Multifamily (5 or more) residential properties | 2,106 | 6.2 | % | 248,694 | 0.85 | % | ||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 6,748 | 18.8 | % | 734,580 | 0.92 | % | Non-owner occupied, nonfarm nonresidential properties | 7,130 | 18.4 | % | 742,214 | 0.96 | % | ||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 236 | 1.0 | % | 40,990 | 0.58 | % | 1-4 Family Construction | 180 | 1.0 | % | 40,426 | 0.45 | % | ||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 1,353 | 3.0 | % | 115,836 | 1.17 | % | Home equity lines of credit | 1,380 | 3.1 | % | 124,022 | 1.11 | % | ||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 7,664 | 22.4 | % | 875,974 | 0.87 | % | Residential Mortgages secured by first liens | 7,859 | 22.9 | % | 921,180 | 0.85 | % | ||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 628 | 1.6 | % | 62,212 | 1.01 | % | Residential Mortgages secured by junior liens | 966 | 1.7 | % | 68,494 | 1.41 | % | ||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 598 | 0.7 | % | 28,768 | 2.08 | % | Other revolving credit plans | 640 | 0.7 | % | 29,374 | 2.18 | % | ||||||||||||||||||||||||||||||||
Automobile | Automobile | 242 | 0.5 | % | 20,166 | 1.20 | % | Automobile | 264 | 0.5 | % | 21,041 | 1.25 | % | ||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 2,704 | 1.3 | % | 51,765 | 5.22 | % | Other consumer | 2,759 | 1.3 | % | 52,653 | 5.24 | % | ||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 110 | 0.3 | % | 11,049 | 1.00 | % | Credit cards | 87 | 0.3 | % | 10,916 | 0.80 | % | ||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 356 | 0.0 | % | 356 | 100.00 | % | Overdrafts | 236 | 0.0 | % | 236 | 100.00 | % | ||||||||||||||||||||||||||||||||
Total | Total | $ | 40,543 | 100.0 | % | $ | 3,909,753 | 1.04 | % | Total | $ | 41,269 | 100.0 | % | $ | 4,024,665 | 1.03 | % | ||||||||||||||||||||||||||||
Excluding PPP loans, net of deferred processing fees | Excluding PPP loans, net of deferred processing fees | $ | 40,543 | $ | 3,907,466 | 1.04 | % | Excluding PPP loans, net of deferred processing fees | $ | 41,269 | $ | 4,024,203 | 1.03 | % | ||||||||||||||||||||||||||||||||
1 PPP loans, net of deferred PPP processing fees, disbursed in 2021 are included in the Commercial and Industrial classification. | 1 PPP loans, net of deferred PPP processing fees, disbursed in 2021 are included in the Commercial and Industrial classification. | 1 PPP loans, net of deferred PPP processing fees, disbursed in 2021 are included in the Commercial and Industrial classification. |
December 31, 2021 | |||||||||||||||||||||||
Amount of Allowance Allocated | Percent of Loans in Each Category to Total Loans Receivable | Total Loans Receivable | Ratio of Allowance Allocated to Loans Receivable in Each Category | ||||||||||||||||||||
Farmland | $ | 151 | 0.7 | % | $ | 23,768 | 0.64 | % | |||||||||||||||
Owner-occupied, nonfarm nonresidential properties | 3,339 | 12.0 | % | 434,672 | 0.77 | % | |||||||||||||||||
Agricultural production and other loans to farmers | 9 | 0.0 | % | 1,379 | 0.65 | % | |||||||||||||||||
Commercial and Industrial 1 | 8,837 | 19.5 | % | 708,989 | 1.25 | % | |||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | 1,649 | 3.9 | % | 140,887 | 1.17 | % | |||||||||||||||||
Other loans | 149 | 0.4 | % | 13,979 | 1.07 | % | |||||||||||||||||
Other construction loans and all land development and other land loans | 2,198 | 8.2 | % | 298,869 | 0.74 | % | |||||||||||||||||
Multifamily (5 or more) residential properties | 2,289 | 5.9 | % | 216,143 | 1.06 | % | |||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | 6,481 | 18.2 | % | 663,062 | 0.98 | % | |||||||||||||||||
1-4 Family Construction | 158 | 1.0 | % | 37,822 | 0.42 | % | |||||||||||||||||
Home equity lines of credit | 1,169 | 2.9 | % | 104,517 | 1.12 | % | |||||||||||||||||
Residential Mortgages secured by first liens | 6,943 | 22.7 | % | 826,729 | 0.84 | % | |||||||||||||||||
Residential Mortgages secured by junior liens | 546 | 1.6 | % | 56,689 | 0.96 | % | |||||||||||||||||
Other revolving credit plans | 528 | 0.7 | % | 26,536 | 1.99 | % | |||||||||||||||||
Automobile | 263 | 0.6 | % | 20,862 | 1.26 | % | |||||||||||||||||
Other consumer | 2,546 | 1.4 | % | 49,676 | 5.13 | % | |||||||||||||||||
Credit cards | 92 | 0.3 | % | 9,935 | 0.93 | % | |||||||||||||||||
Overdrafts | 241 | 0.0 | % | 278 | 86.69 | % | |||||||||||||||||
Total | $ | 37,588 | 100.0 | % | $ | 3,634,792 | 1.03 | % | |||||||||||||||
Excluding PPP loans, net of deferred processing fees | $ | 37,588 | $ | 3,589,589 | 1.05 | % | |||||||||||||||||
1 PPP loans, net of deferred PPP processing fees, disbursed in 2021 and 2020 are included in the Commercial and Industrial classification. |
For the Three Months Ended June 30, 2022 | Three Months Ended September 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
Provision (Benefit) for Credit Losses on Loans Receivable (1) | Net (Charge-Offs) Recoveries | Average Loans Receivable | Ratio of Annualized Net (Charge-Offs) Recoveries to Average Loans Receivable | Provision (Benefit) for Credit Losses on Loans Receivable (1) | Net (Charge-Offs) Recoveries | Average Loans Receivable | Ratio of Annualized Net (Charge-Offs) Recoveries to Average Loans Receivable | |||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 5 | $ | 0 | $ | 32,530 | 0.00 | % | Farmland | $ | (8) | $ | 0 | $ | 32,184 | 0.00 | % | ||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 117 | 2 | 470,087 | 0.00 | % | Owner-occupied, nonfarm nonresidential properties | (272) | 3 | 472,244 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | (3) | 0 | 1,263 | 0.00 | % | Agricultural production and other loans to farmers | (2) | 0 | 1,149 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 466 | (1) | 758,425 | 0.00 | % | Commercial and Industrial | (21) | 32 | 775,872 | 0.02 | % | ||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | (163) | 0 | 147,551 | 0.00 | % | Obligations (other than securities and leases) of states and political subdivisions | 97 | 0 | 150,431 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Other loans | Other loans | 24 | 0 | 14,222 | 0.00 | % | Other loans | (2) | 0 | 14,392 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 278 | 0 | 326,727 | 0.00 | % | Other construction loans and all land development and other land loans | 208 | 0 | 335,534 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | 41 | 0 | 224,514 | 0.00 | % | Multifamily (5 or more) residential properties | (171) | 0 | 224,777 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 337 | 0 | 690,368 | 0.00 | % | Non-owner occupied, nonfarm nonresidential properties | 215 | 167 | 715,044 | 0.09 | % | ||||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 26 | 0 | 41,187 | 0.00 | % | 1-4 Family Construction | (56) | 0 | 39,889 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 170 | 2 | 112,448 | 0.01 | % | Home equity lines of credit | 26 | 1 | 120,086 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 759 | 0 | 847,161 | 0.00 | % | Residential Mortgages secured by first liens | 198 | (3) | 896,261 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 76 | 0 | 59,594 | 0.00 | % | Residential Mortgages secured by junior liens | 338 | 0 | 65,293 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 42 | 9 | 27,436 | 0.13 | % | Other revolving credit plans | 58 | (16) | 28,770 | (0.22) | % | ||||||||||||||||||||||||||||||||||
Automobile | Automobile | (6) | (6) | 20,237 | (0.12) | % | Automobile | 27 | (5) | 20,544 | (0.10) | % | ||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 485 | (350) | 50,687 | (2.77) | % | Other consumer | 437 | (382) | 51,709 | (2.93) | % | ||||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 48 | (41) | 11,868 | (1.39) | % | Credit cards | (33) | 10 | 11,572 | 0.34 | % | ||||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 203 | (94) | 257 | (146.71) | % | Overdrafts | (3) | (117) | 290 | (160.06) | % | ||||||||||||||||||||||||||||||||||
Total | Total | $ | 2,905 | $ | (479) | $ | 3,836,562 | (0.05) | % | Total | $ | 1,036 | $ | (310) | $ | 3,956,041 | (0.03) | % |
For the Six Months Ended June 30, 2022 | Nine Months Ended September 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||
Provision (Benefit) for Credit Losses on Loans Receivable (1) | Net (Charge-Offs) Recoveries | Average Loans Receivable | Ratio of Annualized Net (Charge-Offs) Recoveries to Average Loans Receivable | Provision (Benefit) for Credit Losses on Loans Receivable (1) | Net (Charge-Offs) Recoveries | Average Loans Receivable | Ratio of Annualized Net (Charge-Offs) Recoveries to Average Loans Receivable | |||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | 40 | $ | 0 | $ | 31,315 | 0.00 | % | Farmland | $ | 32 | $ | 0 | $ | 31,598 | 0.00 | % | ||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | 387 | (12) | 459,095 | (0.01) | % | Owner-occupied, nonfarm nonresidential properties | 115 | (9) | 463,433 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | (2) | 0 | 1,321 | 0.00 | % | Agricultural production and other loans to farmers | (4) | 0 | 1,274 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 712 | 6 | 738,541 | 0.00 | % | Commercial and Industrial | 691 | 38 | 750,787 | 0.01 | % | ||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 16 | 0 | 146,500 | 0.00 | % | Obligations (other than securities and leases) of states and political subdivisions | 113 | 0 | 148,246 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Other loans | Other loans | 18 | 0 | 14,018 | 0.00 | % | Other loans | 16 | 0 | 14,149 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 130 | 0 | 314,260 | 0.00 | % | Other construction loans and all land development and other land loans | 338 | 0 | 321,093 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | (12) | 0 | 219,810 | 0.00 | % | Multifamily (5 or more) residential properties | (183) | 0 | 223,148 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 267 | 0 | 674,195 | 0.00 | % | Non-owner occupied, nonfarm nonresidential properties | 482 | 167 | 686,633 | 0.03 | % | ||||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 78 | 0 | 40,134 | 0.00 | % | 1-4 Family Construction | 22 | 0 | 39,952 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 174 | 10 | 109,553 | 0.02 | % | Home equity lines of credit | 200 | 11 | 113,145 | 0.01 | % | ||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 756 | (35) | 837,485 | (0.01) | % | Residential Mortgages secured by first liens | 954 | (38) | 857,308 | (0.01) | % | ||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 82 | 0 | 58,080 | 0.00 | % | Residential Mortgages secured by junior liens | 420 | 0 | 60,552 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | 81 | (11) | 27,002 | (0.08) | % | Other revolving credit plans | 139 | (27) | 27,533 | (0.13) | % | ||||||||||||||||||||||||||||||||||
Automobile | Automobile | (8) | (13) | 20,298 | (0.13) | % | Automobile | 19 | (18) | 20,409 | (0.12) | % | ||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 887 | (729) | 49,804 | (2.95) | % | Other consumer | 1,324 | (1,111) | 50,477 | (2.94) | % | ||||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 69 | (51) | 11,485 | (0.90) | % | Credit cards | 36 | (41) | 11,514 | (0.48) | % | ||||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 287 | (172) | 253 | (137.10) | % | Overdrafts | 284 | (289) | 265 | (145.81) | % | ||||||||||||||||||||||||||||||||||
Total | Total | $ | 3,962 | $ | (1,007) | $ | 3,753,149 | (0.05) | % | Total | $ | 4,998 | $ | (1,317) | $ | 3,821,516 | (0.05) | % |
For the Three Months Ended June 30, 2021 | Three Months Ended September 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
Provision (Benefit) for Credit Losses on Loans Receivable (1) | Net (Charge-Offs) Recoveries | Average Loans Receivable | Ratio of Annualized Net (Charge-Offs) Recoveries to Average Loans Receivable | Provision (Benefit) for Credit Losses on Loans Receivable (1) | Net (Charge-Offs) Recoveries | Average Loans Receivable | Ratio of Annualized Net (Charge-Offs) Recoveries to Average Loans Receivable | |||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | (100) | $ | 0 | $ | 21,131 | 0.00 | % | Farmland | $ | (26) | $ | 0 | $ | 22,553 | 0.00 | % | ||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | (58) | 3 | 425,394 | 0.00 | % | Owner-occupied, nonfarm nonresidential properties | 154 | 3 | 431,450 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | (16) | 0 | 2,899 | 0.00 | % | Agricultural production and other loans to farmers | (5) | 0 | 1,543 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 832 | 1 | 698,819 | 0.00 | % | Commercial and Industrial | 989 | 29 | 660,818 | 0.02 | % | ||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 860 | (250) | 134,792 | (0.74) | % | Obligations (other than securities and leases) of states and political subdivisions | (289) | (157) | 141,196 | (0.44) | % | ||||||||||||||||||||||||||||||||||
Other loans | Other loans | 44 | 0 | 12,360 | 0.00 | % | Other loans | (15) | 0 | 12,253 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 358 | 0 | 230,744 | 0.00 | % | Other construction loans and all land development and other land loans | 287 | (282) | 263,952 | (0.42) | % | ||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | (440) | 0 | 225,194 | 0.00 | % | Multifamily (5 or more) residential properties | (219) | 0 | 212,307 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | (1,164) | 0 | 613,750 | 0.00 | % | Non-owner occupied, nonfarm nonresidential properties | (2,865) | (18) | 634,668 | (0.01) | % | ||||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 43 | 0 | 29,316 | 0.00 | % | 1-4 Family Construction | 116 | 0 | 31,396 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 184 | 2 | 104,492 | 0.01 | % | Home equity lines of credit | 197 | (6) | 105,682 | (0.02) | % | ||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | 889 | (41) | 784,354 | (0.02) | % | Residential Mortgages secured by first liens | 2,030 | (3) | 803,857 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 184 | 0 | 54,386 | 0.00 | % | Residential Mortgages secured by junior liens | 144 | (3) | 56,477 | (0.02) | % | ||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | (54) | (14) | 25,569 | (0.22) | % | Other revolving credit plans | 70 | (1) | 25,929 | (0.02) | % | ||||||||||||||||||||||||||||||||||
Automobile | Automobile | 56 | 3 | 23,213 | 0.05 | % | Automobile | 49 | (12) | 22,299 | (0.21) | % | ||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | 227 | (199) | 40,829 | (1.95) | % | Other consumer | 331 | (243) | 42,124 | (2.29) | % | ||||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 39 | (36) | 8,717 | (1.66) | % | Credit cards | 43 | 1 | 9,810 | 0.04 | % | ||||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 83 | (83) | 192 | (173.39) | % | Overdrafts | 109 | (86) | 246 | (138.70) | % | ||||||||||||||||||||||||||||||||||
Total | Total | $ | 1,967 | $ | (614) | $ | 3,436,151 | (0.07) | % | Total | $ | 1,100 | $ | (778) | $ | 3,478,560 | (0.09) | % |
For the Six Months Ended June 30, 2021 | Nine Months Ended September 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||
Provision (Benefit) for Credit Losses on Loans Receivable (1) | Net (Charge-Offs) Recoveries | Average Loans Receivable | Ratio of Annualized Net (Charge-Offs) Recoveries to Average Loans Receivable | Provision (Benefit) for Credit Losses on Loans Receivable (1) | Net (Charge-Offs) Recoveries | Average Loans Receivable | Ratio of Annualized Net (Charge-Offs) Recoveries to Average Loans Receivable | |||||||||||||||||||||||||||||||||||||||
Farmland | Farmland | $ | (97) | $ | 0 | $ | 22,774 | 0.00 | % | Farmland | $ | (123) | $ | 0 | $ | 22,700 | 0.00 | % | ||||||||||||||||||||||||||||
Owner-occupied, nonfarm nonresidential properties | Owner-occupied, nonfarm nonresidential properties | (294) | (526) | 424,477 | (0.25) | % | Owner-occupied, nonfarm nonresidential properties | (140) | (523) | 426,453 | (0.16) | % | ||||||||||||||||||||||||||||||||||
Agricultural production and other loans to farmers | Agricultural production and other loans to farmers | (12) | 0 | 2,932 | 0.00 | % | Agricultural production and other loans to farmers | (17) | 0 | 2,511 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Commercial and Industrial | Commercial and Industrial | 1,129 | (50) | 683,078 | (0.01) | % | Commercial and Industrial | 2,118 | (21) | 676,124 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Obligations (other than securities and leases) of states and political subdivisions | Obligations (other than securities and leases) of states and political subdivisions | 1,577 | (250) | 136,182 | (0.37) | % | Obligations (other than securities and leases) of states and political subdivisions | 1,288 | (407) | 137,656 | (0.40) | % | ||||||||||||||||||||||||||||||||||
Other loans | Other loans | 49 | 0 | 12,221 | 0.00 | % | Other loans | 34 | 0 | 12,226 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Other construction loans and all land development and other land loans | Other construction loans and all land development and other land loans | 408 | 0 | 217,684 | 0.00 | % | Other construction loans and all land development and other land loans | 695 | (282) | 231,987 | (0.16) | % | ||||||||||||||||||||||||||||||||||
Multifamily (5 or more) residential properties | Multifamily (5 or more) residential properties | (410) | 0 | 225,519 | 0.00 | % | Multifamily (5 or more) residential properties | (629) | 0 | 221,896 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Non-owner occupied, nonfarm nonresidential properties | Non-owner occupied, nonfarm nonresidential properties | 1,504 | 0 | 619,502 | 0.00 | % | Non-owner occupied, nonfarm nonresidential properties | (1,361) | (18) | 625,072 | 0.00 | % | ||||||||||||||||||||||||||||||||||
1-4 Family Construction | 1-4 Family Construction | 28 | 0 | 27,422 | 0.00 | % | 1-4 Family Construction | 144 | 0 | 28,614 | 0.00 | % | ||||||||||||||||||||||||||||||||||
Home equity lines of credit | Home equity lines of credit | 42 | 2 | 106,478 | 0.00 | % | Home equity lines of credit | 239 | (4) | 106,239 | (0.01) | % | ||||||||||||||||||||||||||||||||||
Residential Mortgages secured by first liens | Residential Mortgages secured by first liens | (103) | (38) | 780,724 | (0.01) | % | Residential Mortgages secured by first liens | 1,927 | (41) | 788,739 | (0.01) | % | ||||||||||||||||||||||||||||||||||
Residential Mortgages secured by junior liens | Residential Mortgages secured by junior liens | 167 | 0 | 53,771 | 0.00 | % | Residential Mortgages secured by junior liens | 311 | (3) | 54,582 | (0.01) | % | ||||||||||||||||||||||||||||||||||
Other revolving credit plans | Other revolving credit plans | (30) | (18) | 25,359 | (0.14) | % | Other revolving credit plans | 40 | (19) | 25,530 | (0.10) | % | ||||||||||||||||||||||||||||||||||
Automobile | Automobile | 111 | (2) | 24,076 | (0.02) | % | Automobile | 160 | (14) | 23,543 | (0.08) | % | ||||||||||||||||||||||||||||||||||
Other consumer | Other consumer | (94) | (466) | 40,401 | (2.33) | % | Other consumer | 237 | (709) | 40,935 | (2.32) | % | ||||||||||||||||||||||||||||||||||
Credit cards | Credit cards | 63 | (61) | 8,497 | (1.45) | % | Credit cards | 106 | (60) | 8,940 | (0.90) | % | ||||||||||||||||||||||||||||||||||
Overdrafts | Overdrafts | 51 | (112) | 202 | (111.81) | % | Overdrafts | 160 | (198) | 217 | (121.99) | % | ||||||||||||||||||||||||||||||||||
Total | Total | $ | 4,089 | $ | (1,521) | $ | 3,411,299 | (0.09) | % | Total | $ | 5,189 | $ | (2,299) | $ | 3,433,964 | (0.09) | % |
June 30, 2022 | December 31, 2021 | Percentage change 2022 vs. 2021 | September 30, 2022 | December 31, 2021 | Percentage change 2022 vs. 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand, noninterest-bearing | Demand, noninterest-bearing | $ | 851,172 | $ | 792,086 | 7.5% | Demand, noninterest-bearing | $ | 867,662 | $ | 792,086 | 9.5% | ||||||||||||||||||||||||||||||||||||||||||||||
Demand, interest-bearing | Demand, interest-bearing | 1,147,376 | 1,079,336 | 6.3% | Demand, interest-bearing | 1,055,367 | 1,079,336 | (2.2)% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Savings deposits | Savings deposits | 2,398,995 | 2,457,745 | (2.4)% | Savings deposits | 2,376,694 | 2,457,745 | (3.3)% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Time deposits | Time deposits | 304,277 | 386,452 | (21.3)% | Time deposits | 324,088 | 386,452 | (16.1)% | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total deposits | Total deposits | $ | 4,701,820 | $ | 4,715,619 | (0.3)% | Total deposits | $ | 4,623,811 | $ | 4,715,619 | (1.9)% |
Three Months Ended June 30, | Three Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Amount | Annual Rate | Average Amount | Annual Rate | Average Amount | Annual Rate | Average Amount | Annual Rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand, noninterest-bearing | Demand, noninterest-bearing | $ | 839,009 | $ | 712,725 | Demand, noninterest-bearing | $ | 880,990 | $ | 744,563 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand, interest-bearing | Demand, interest-bearing | 1,105,651 | 0.17 | % | 975,354 | 0.20 | % | Demand, interest-bearing | 1,090,990 | 0.21 | % | 998,485 | 0.17 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings deposits | Savings deposits | 2,426,518 | 0.17 | % | 2,302,496 | 0.26 | % | Savings deposits | 2,349,978 | 0.49 | % | 2,348,375 | 0.18 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time deposits | Time deposits | 324,370 | 1.19 | % | 446,896 | 1.90 | % | Time deposits | 303,445 | 1.19 | % | 442,989 | 1.72 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 4,695,548 | $ | 4,437,471 | Total | $ | 4,625,403 | $ | 4,534,412 |
Six Months Ended June 30, | Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Amount | Annual Rate | Average Amount | Annual Rate | Average Amount | Annual Rate | Average Amount | Annual Rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand, noninterest-bearing | Demand, noninterest-bearing | $ | 822,007 | $ | 682,649 | Demand, noninterest-bearing | $ | 841,661 | $ | 703,777 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand, interest-bearing | Demand, interest-bearing | 1,076,240 | 0.17 | % | 941,016 | 0.20 | % | Demand, interest-bearing | 1,081,211 | 0.18 | % | 960,383 | 0.19 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings deposits | Savings deposits | 2,447,111 | 0.18 | % | 2,251,818 | 0.26 | % | Savings deposits | 2,414,377 | 0.28 | % | 2,284,358 | 0.24 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time deposits | Time deposits | 341,826 | 1.25 | % | 459,863 | 1.97 | % | Time deposits | 328,892 | 1.23 | % | 454,176 | 1.89 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | Total | $ | 4,687,184 | $ | 4,335,346 | Total | $ | 4,666,141 | $ | 4,402,694 |
June 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | |||||||||||||||||||
Time deposits not covered by deposit insurance | Time deposits not covered by deposit insurance | $ | 53,860 | $ | 68,562 | Time deposits not covered by deposit insurance | $ | 61,148 | $ | 68,562 | ||||||||||||
Total deposits not covered by deposit insurance | Total deposits not covered by deposit insurance | 1,729,213 | 1,711,676 | Total deposits not covered by deposit insurance | 1,807,688 | 1,711,676 |
3 months or less | $ | ||||
Over 3 through 6 months | |||||
Over 6 through 12 months | |||||
Over 12 months | |||||
Total | $ |
June 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 | |||||||||||||||||||
Total risk-based capital ratio | Total risk-based capital ratio | 14.23 | % | 14.92 | % | Total risk-based capital ratio | 16.53 | % | 14.92 | % | ||||||||||||
Tier 1 risk based ratio | Tier 1 risk based ratio | 11.25 | % | 11.79 | % | Tier 1 risk based ratio | 13.60 | % | 11.79 | % | ||||||||||||
Common equity tier 1 ratio | Common equity tier 1 ratio | 9.30 | % | 9.65 | % | Common equity tier 1 ratio | 11.70 | % | 9.65 | % | ||||||||||||
Tier 1 leverage ratio | Tier 1 leverage ratio | 8.53 | % | 8.22 | % | Tier 1 leverage ratio | 10.67 | % | 8.22 | % | ||||||||||||
Tangible common equity/tangible assets (1) | Tangible common equity/tangible assets (1) | 6.12 | % | 6.45 | % | Tangible common equity/tangible assets (1) | 7.85 | % | 6.45 | % | ||||||||||||
Book value per common share | Book value per common share | $ | 21.70 | $ | 22.85 | Book value per common share | $ | 21.70 | $ | 22.85 | ||||||||||||
Tangible book value per common share (1) | Tangible book value per common share (1) | $ | 19.08 | $ | 20.22 | Tangible book value per common share (1) | $ | 19.61 | $ | 20.22 |
Average Balances, Income and Interest Rates on a Taxable Equivalent Basis | Average Balances, Income and Interest Rates on a Taxable Equivalent Basis | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Three Months Ended, | For the Three Months Ended, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2022 | June 30, 2021 | September 30, 2022 | September 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Balance | Annual Rate | Interest Inc./Exp. | Average Balance | Annual Rate | Interest Inc./Exp. | Average Balance | Annual Rate | Interest Inc./Exp. | Average Balance | Annual Rate | Interest Inc./Exp. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ASSETS: | ASSETS: | ASSETS: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities: | Securities: | Securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Taxable (1) (4) | Taxable (1) (4) | $ | 793,598 | 1.75 | % | $ | 3,623 | $ | 591,968 | 1.73 | % | $ | 2,514 | Taxable (1) (4) | $ | 777,824 | 1.81 | % | $ | 3,750 | $ | 652,625 | 1.75 | % | $ | 2,827 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Tax-exempt (1) (2) (4) | Tax-exempt (1) (2) (4) | 37,719 | 2.87 | % | 284 | 42,876 | 3.29 | % | 337 | Tax-exempt (1) (2) (4) | 35,722 | 2.86 | % | 272 | 43,929 | 3.15 | % | 334 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities (1) (2) | Equity securities (1) (2) | 7,852 | 1.89 | % | 37 | 7,550 | 2.71 | % | 51 | Equity securities (1) (2) | 7,765 | 2.25 | % | 44 | 7,769 | 1.99 | % | 39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total securities (4) | Total securities (4) | 839,169 | 1.80 | % | 3,944 | 642,394 | 1.84 | % | 2,902 | Total securities (4) | 821,311 | 1.86 | % | 4,066 | 704,323 | 1.83 | % | 3,200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable: | Loans receivable: | Loans receivable: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial (2) (3) | Commercial (2) (3) | 1,424,078 | 4.66 | % | 16,558 | 1,295,395 | 4.72 | % | 15,247 | Commercial (2) (3) | 1,446,272 | 5.15 | % | 18,790 | 1,269,813 | 5.02 | % | 16,059 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage (2) (3) (5) | Mortgage (2) (3) (5) | 2,301,999 | 4.55 | % | 26,096 | 2,042,236 | 4.55 | % | 23,145 | Mortgage (2) (3) (5) | 2,396,884 | 4.81 | % | 29,083 | 2,108,339 | 4.44 | % | 23,600 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer (3) | Consumer (3) | 110,485 | 10.23 | % | 2,819 | 98,520 | 9.68 | % | 2,377 | Consumer (3) | 112,885 | 10.54 | % | 3,000 | 100,408 | 10.23 | % | 2,588 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans receivable (3) | Total loans receivable (3) | 3,836,562 | 4.75 | % | 45,473 | 3,436,151 | 4.76 | % | 40,769 | Total loans receivable (3) | 3,956,041 | 5.10 | % | 50,873 | 3,478,560 | 4.82 | % | 42,247 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other earning assets | Other earning assets | 291,866 | 0.87 | % | 630 | 656,115 | 0.10 | % | 165 | Other earning assets | 132,314 | 1.99 | % | 663 | 706,891 | 0.17 | % | 298 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total earning assets | Total earning assets | 4,967,597 | 4.01 | % | $ | 50,047 | 4,734,660 | 3.72 | % | $ | 43,836 | Total earning assets | 4,909,666 | 4.45 | % | $ | 55,602 | 4,889,774 | 3.72 | % | $ | 45,745 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noninterest-bearing assets: | Noninterest-bearing assets: | Noninterest-bearing assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and due from banks | Cash and due from banks | 49,307 | 45,659 | Cash and due from banks | 52,446 | 48,200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Premises and equipment | Premises and equipment | 88,472 | 78,130 | Premises and equipment | 90,570 | 79,978 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | Other assets | 225,358 | 195,865 | Other assets | 229,807 | 206,539 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses | Allowance for credit losses | (38,747) | (36,580) | Allowance for credit losses | (41,017) | (37,468) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total non interest-bearing assets | Total non interest-bearing assets | 324,390 | 283,074 | Total non interest-bearing assets | 331,806 | 297,249 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TOTAL ASSETS | TOTAL ASSETS | $ | 5,291,987 | $ | 5,017,734 | TOTAL ASSETS | $ | 5,241,472 | $ | 5,187,023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY: | LIABILITIES AND SHAREHOLDERS’ EQUITY: | LIABILITIES AND SHAREHOLDERS’ EQUITY: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand—interest-bearing | Demand—interest-bearing | $ | 1,105,651 | 0.17 | % | $ | 480 | $ | 975,354 | 0.20 | % | $ | 483 | Demand—interest-bearing | $ | 1,090,990 | 0.21 | % | $ | 570 | $ | 998,485 | 0.17 | % | $ | 421 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 2,426,518 | 0.17 | % | 1,048 | 2,302,496 | 0.26 | % | 1,473 | Savings | 2,349,978 | 0.49 | % | 2,928 | 2,348,375 | 0.18 | % | 1,095 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | 324,370 | 1.19 | % | 959 | 446,896 | 1.90 | % | 2,116 | Time | 303,445 | 1.19 | % | 910 | 442,989 | 1.72 | % | 1,917 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing deposits | Total interest-bearing deposits | 3,856,539 | 0.26 | % | 2,487 | 3,724,746 | 0.44 | % | 4,072 | Total interest-bearing deposits | 3,744,413 | 0.47 | % | 4,408 | 3,789,849 | 0.36 | % | 3,433 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Finance lease liabilities | Finance lease liabilities | 437 | 4.59 | % | 5 | 517 | 4.65 | % | 6 | Finance lease liabilities | 416 | 4.77 | % | 5 | 496 | 4.80 | % | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated notes and debentures | Subordinated notes and debentures | 104,394 | 3.64 | % | 948 | 98,953 | 4.64 | % | 1,145 | Subordinated notes and debentures | 104,470 | 3.71 | % | 977 | 154,187 | 4.41 | % | 1,714 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing liabilities | Total interest-bearing liabilities | 3,961,370 | 0.35 | % | $ | 3,440 | 3,824,216 | 0.55 | % | $ | 5,223 | Total interest-bearing liabilities | 3,849,299 | 0.56 | % | $ | 5,390 | 3,944,532 | 0.52 | % | $ | 5,153 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand—noninterest-bearing | Demand—noninterest-bearing | 839,009 | 712,725 | Demand—noninterest-bearing | 880,990 | 744,563 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other liabilities | Other liabilities | 66,158 | 56,259 | Other liabilities | 70,524 | 60,106 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | Total liabilities | 4,866,537 | 4,593,200 | Total liabilities | 4,800,813 | 4,749,201 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholders’ equity | Shareholders’ equity | 425,450 | 424,534 | Shareholders’ equity | 440,659 | 437,822 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 5,291,987 | $ | 5,017,734 | TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 5,241,472 | $ | 5,187,023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income/Earning assets | Interest income/Earning assets | 4.01 | % | $ | 50,047 | 3.72 | % | $ | 43,836 | Interest income/Earning assets | 4.45 | % | $ | 55,602 | 3.72 | % | $ | 45,745 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense/Interest-bearing liabilities | Interest expense/Interest-bearing liabilities | 0.35 | % | 3,440 | 0.55 | % | 5,223 | Interest expense/Interest-bearing liabilities | 0.56 | % | 5,390 | 0.52 | % | 5,153 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest spread | Net interest spread | 3.66 | % | $ | 46,607 | 3.17 | % | $ | 38,613 | Net interest spread | 3.89 | % | $ | 50,212 | 3.20 | % | $ | 40,592 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income/Earning assets | Interest income/Earning assets | 4.01 | % | 50,047 | 3.72 | % | 43,836 | Interest income/Earning assets | 4.45 | % | 55,602 | 3.72 | % | 45,745 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense/Earning assets | Interest expense/Earning assets | 0.28 | % | 3,440 | 0.44 | % | 5,223 | Interest expense/Earning assets | 0.43 | % | 5,390 | 0.42 | % | 5,153 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest margin (fully tax-equivalent) | Net interest margin (fully tax-equivalent) | 3.73 | % | $ | 46,607 | 3.28 | % | $ | 38,613 | Net interest margin (fully tax-equivalent) | 4.02 | % | $ | 50,212 | 3.30 | % | $ | 40,592 |
Average Balances, Income and Interest Rates on a Taxable Equivalent Basis | Average Balances, Income and Interest Rates on a Taxable Equivalent Basis | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Six Months Ended, | For the Nine Months Ended, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, 2022 | June 30, 2021 | September 30, 2022 | September 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Balance | Annual Rate | Interest Inc./Exp. | Average Balance | Annual Rate | Interest Inc./Exp. | Average Balance | Annual Rate | Interest Inc./Exp. | Average Balance | Annual Rate | Interest Inc./Exp. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ASSETS: | ASSETS: | ASSETS: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities: | Securities: | Securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Taxable (1) (4) | Taxable (1) (4) | $ | 776,683 | 1.77 | % | $ | 7,024 | $ | 576,999 | 1.79 | % | $ | 5,027 | Taxable (1) (4) | $ | 777,070 | 1.78 | % | $ | 10,774 | $ | 602,485 | 1.72 | % | $ | 7,618 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Tax-exempt (1) (2) (4) | Tax-exempt (1) (2) (4) | 37,653 | 2.94 | % | 559 | 44,015 | 3.70 | % | 773 | Tax-exempt (1) (2) (4) | 37,002 | 2.91 | % | 830 | 44,290 | 3.49 | % | 1,107 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities (1) (2) | Equity securities (1) (2) | 7,894 | 2.02 | % | 79 | 7,475 | 5.72 | % | 212 | Equity securities (1) (2) | 7,861 | 2.09 | % | 123 | 7,573 | 4.43 | % | 251 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total securities (4) | Total securities (4) | 822,230 | 1.83 | % | 7,662 | 628,489 | 1.97 | % | 6,012 | Total securities (4) | 821,933 | 1.84 | % | 11,727 | 654,348 | 1.87 | % | 8,976 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable: | Loans receivable: | Loans receivable: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial (2) (3) | Commercial (2) (3) | 1,390,790 | 4.68 | % | 32,254 | 1,281,664 | 4.93 | % | 31,323 | Commercial (2) (3) | 1,409,487 | 4.84 | % | 51,044 | 1,277,670 | 4.96 | % | 47,382 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage (2) (3) (5) | Mortgage (2) (3) (5) | 2,253,517 | 4.51 | % | 50,388 | 2,031,100 | 4.57 | % | 46,042 | Mortgage (2) (3) (5) | 2,301,831 | 4.62 | % | 79,471 | 2,057,129 | 4.53 | % | 69,642 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer (3) | Consumer (3) | 108,842 | 10.19 | % | 5,498 | 98,535 | 9.75 | % | 4,764 | Consumer (3) | 110,198 | 10.31 | % | 8,498 | 99,164 | 9.91 | % | 7,352 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans receivable (3) | Total loans receivable (3) | 3,753,149 | 4.74 | % | 88,140 | 3,411,299 | 4.86 | % | 82,129 | Total loans receivable (3) | 3,821,516 | 4.86 | % | 139,013 | 3,433,963 | 4.84 | % | 124,376 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other earning assets | Other earning assets | 399,585 | 0.43 | % | 843 | 582,511 | 0.11 | % | 313 | Other earning assets | 309,550 | 0.65 | % | 1,507 | 624,430 | 0.13 | % | 611 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total earning assets | Total earning assets | 4,974,964 | 3.90 | % | $ | 96,645 | 4,622,299 | 3.87 | % | $ | 88,454 | Total earning assets | 4,952,999 | 4.08 | % | $ | 152,247 | 4,712,741 | 3.81 | % | $ | 133,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Noninterest-bearing assets: | Noninterest-bearing assets: | Noninterest-bearing assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash and due from banks | Cash and due from banks | 49,612 | 46,091 | Cash and due from banks | 50,599 | 46,793 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Premises and equipment | Premises and equipment | 86,112 | 78,427 | Premises and equipment | 87,614 | 78,949 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | Other assets | 219,560 | 189,216 | Other assets | 223,020 | 194,893 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for credit losses | Allowance for credit losses | (38,397) | (35,905) | Allowance for credit losses | (39,279) | (36,432) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total noninterest-bearing assets | Total noninterest-bearing assets | 316,887 | 277,829 | Total noninterest-bearing assets | 321,954 | 284,203 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TOTAL ASSETS | TOTAL ASSETS | $ | 5,291,851 | $ | 4,900,128 | TOTAL ASSETS | $ | 5,274,953 | $ | 4,996,944 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY: | LIABILITIES AND SHAREHOLDERS’ EQUITY: | LIABILITIES AND SHAREHOLDERS’ EQUITY: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand—interest-bearing | Demand—interest-bearing | $ | 1,076,240 | 0.17 | % | $ | 918 | $ | 941,016 | 0.20 | % | $ | 921 | Demand—interest-bearing | $ | 1,081,211 | 0.18 | % | $ | 1,488 | $ | 960,383 | 0.19 | % | $ | 1,342 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 2,447,111 | 0.18 | % | 2,163 | 2,251,818 | 0.26 | % | 2,942 | Savings | 2,414,377 | 0.28 | % | 5,091 | 2,284,358 | 0.24 | % | 4,037 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | 341,826 | 1.25 | % | 2,112 | 459,863 | 1.97 | % | 4,489 | Time | 328,892 | 1.23 | % | 3,022 | 454,176 | 1.89 | % | 6,406 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing deposits | Total interest-bearing deposits | 3,865,177 | 0.27 | % | 5,193 | 3,652,697 | 0.46 | % | 8,352 | Total interest-bearing deposits | 3,824,480 | 0.34 | % | 9,601 | 3,698,917 | 0.43 | % | 11,785 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Finance lease liabilities | Finance lease liabilities | 448 | 4.50 | % | 10 | 527 | 4.59 | % | 12 | Finance lease liabilities | 437 | 4.59 | % | 15 | 517 | 4.65 | % | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated notes and debentures | Subordinated notes and debentures | 104,356 | 3.62 | % | 1,874 | 84,787 | 4.85 | % | 2,033 | Subordinated notes and debentures | 104,394 | 3.65 | % | 2,851 | 107,755 | 4.66 | % | 3,747 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing liabilities | Total interest-bearing liabilities | 3,969,981 | 0.36 | % | $ | 7,077 | 3,738,011 | 0.56 | % | $ | 10,397 | Total interest-bearing liabilities | 3,929,311 | 0.42 | % | $ | 12,467 | 3,807,189 | 0.55 | % | $ | 15,550 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand—noninterest-bearing | Demand—noninterest-bearing | 822,007 | 682,649 | Demand—noninterest-bearing | 841,661 | 703,777 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other liabilities | Other liabilities | 66,110 | 56,996 | Other liabilities | 67,780 | 58,059 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | Total liabilities | 4,858,098 | 4,477,656 | Total liabilities | 4,838,752 | 4,569,025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholders’ equity | Shareholders’ equity | 433,753 | 422,472 | Shareholders’ equity | 436,201 | 427,919 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 5,291,851 | $ | 4,900,128 | TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 5,274,953 | $ | 4,996,944 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income/Earning assets | Interest income/Earning assets | 3.90 | % | $ | 96,645 | 3.87 | % | $ | 88,454 | Interest income/Earning assets | 4.08 | % | $ | 152,247 | 3.81 | % | $ | 133,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense/Interest-bearing liabilities | Interest expense/Interest-bearing liabilities | 0.36 | % | 7,077 | 0.56 | % | 10,397 | Interest expense/Interest-bearing liabilities | 0.42 | % | 12,467 | 0.55 | % | 15,550 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest spread | Net interest spread | 3.54 | % | $ | 89,568 | 3.31 | % | $ | 78,057 | Net interest spread | 3.66 | % | $ | 139,780 | 3.26 | % | $ | 118,413 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income/Earning assets | Interest income/Earning assets | 3.90 | % | 96,645 | 3.87 | % | 88,454 | Interest income/Earning assets | 4.08 | % | 152,247 | 3.81 | % | 133,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense/Earning assets | Interest expense/Earning assets | 0.29 | % | 7,077 | 0.45 | % | 10,397 | Interest expense/Earning assets | 0.33 | % | 12,467 | 0.44 | % | 15,550 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest margin (fully tax-equivalent) | Net interest margin (fully tax-equivalent) | 3.61 | % | $ | 89,568 | 3.42 | % | $ | 78,057 | Net interest margin (fully tax-equivalent) | 3.75 | % | $ | 139,780 | 3.37 | % | $ | 118,413 |
Net Interest Income Rate-Volume Variance | Net Interest Income Rate-Volume Variance | For Three Months Ended June 30, 2022 over (under) 2021 Due to Change In (1) | Net Interest Income Rate-Volume Variance | For Three Months Ended September 30, 2022 over (under) 2021 Due to Change In (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Volume | Rate | Net | Volume | Rate | Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities: | Securities: | Securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Taxable | Taxable | $ | 1,079 | $ | 30 | $ | 1,109 | Taxable | $ | 805 | $ | 118 | $ | 923 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax-exempt (2) | Tax-exempt (2) | (8) | (45) | (53) | Tax-exempt (2) | (36) | (26) | (62) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities (2) | Equity securities (2) | 1 | (15) | (14) | Equity securities (2) | 0 | 5 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total securities | Total securities | 1,072 | (30) | 1,042 | Total securities | 769 | 97 | 866 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable: | Loans receivable: | Loans receivable: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial (2) | Commercial (2) | 1,505 | (194) | 1,311 | Commercial (2) | 2,257 | 474 | 2,731 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage (2) (3) | Mortgage (2) (3) | 2,951 | 0 | 2,951 | Mortgage (2) (3) | 3,248 | 2,235 | 5,483 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer | Consumer | 307 | 135 | 442 | Consumer | 324 | 88 | 412 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans receivable | Total loans receivable | 4,763 | (59) | 4,704 | Total loans receivable | 5,829 | 2,797 | 8,626 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other earning assets | Other earning assets | (795) | 1,260 | 465 | Other earning assets | (242) | 607 | 365 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Earning Assets | Total Earning Assets | $ | 5,040 | $ | 1,171 | $ | 6,211 | Total Earning Assets | $ | 6,356 | $ | 3,501 | $ | 9,857 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities and Shareholders’ Equity | Liabilities and Shareholders’ Equity | Liabilities and Shareholders’ Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-Bearing Deposits | Interest-Bearing Deposits | Interest-Bearing Deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand – interest-bearing | Demand – interest-bearing | $ | 70 | $ | (73) | $ | (3) | Demand – interest-bearing | $ | 39 | $ | 110 | $ | 149 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 92 | (517) | (425) | Savings | (3) | 1,836 | 1,833 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | (366) | (791) | (1,157) | Time | (602) | (405) | (1,007) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing deposits | Total interest-bearing deposits | (204) | (1,381) | (1,585) | Total interest-bearing deposits | (566) | 1,541 | 975 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Finance lease liabilities | Finance lease liabilities | (1) | 0 | (1) | Finance lease liabilities | (1) | 0 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated debentures | Subordinated debentures | 50 | (247) | (197) | Subordinated debentures | (553) | (184) | (737) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Interest-Bearing Liabilities | Total Interest-Bearing Liabilities | $ | (155) | $ | (1,628) | $ | (1,783) | Total Interest-Bearing Liabilities | $ | (1,120) | $ | 1,357 | $ | 237 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in Net Interest Income | Change in Net Interest Income | $ | 5,195 | $ | 2,799 | $ | 7,994 | Change in Net Interest Income | $ | 7,476 | $ | 2,144 | $ | 9,620 |
Net Interest Income Rate-Volume Variance | Net Interest Income Rate-Volume Variance | For Six Months Ended June 30, 2022 over (under) 2021 Due to Change In (1) | Net Interest Income Rate-Volume Variance | For Nine Months Ended September 30, 2022 over (under) 2021 Due to Change In (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Volume | Rate | Net | Volume | Rate | Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets | Assets | Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Securities: | Securities: | Securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Taxable | Taxable | $ | 2,054 | $ | (57) | $ | 1,997 | Taxable | $ | 2,807 | $ | 349 | $ | 3,156 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax-exempt (2) | Tax-exempt (2) | (48) | (166) | (214) | Tax-exempt (2) | (116) | (161) | (277) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity securities (2) | Equity securities (2) | 4 | (137) | (133) | Equity securities (2) | 10 | (138) | (128) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total securities | Total securities | 2,010 | (360) | 1,650 | Total securities | 2,701 | 50 | 2,751 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans receivable: | Loans receivable: | Loans receivable: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial (2) | Commercial (2) | 2,520 | (1,589) | 931 | Commercial (2) | 4,927 | (1,265) | 3,662 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage (2) (3) | Mortgage (2) (3) | 4,950 | (604) | 4,346 | Mortgage (2) (3) | 8,280 | 1,549 | 9,829 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer | Consumer | 519 | 215 | 734 | Consumer | 816 | 330 | 1,146 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans receivable | Total loans receivable | 7,989 | (1,978) | 6,011 | Total loans receivable | 14,023 | 614 | 14,637 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other earning assets | Other earning assets | (394) | 924 | 530 | Other earning assets | (308) | 1,204 | 896 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Earning Assets | Total Earning Assets | $ | 9,605 | $ | (1,414) | $ | 8,191 | Total Earning Assets | $ | 16,416 | $ | 1,868 | $ | 18,284 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities and Shareholders’ Equity | Liabilities and Shareholders’ Equity | Liabilities and Shareholders’ Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-Bearing Deposits | Interest-Bearing Deposits | Interest-Bearing Deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Demand – interest-bearing | Demand – interest-bearing | $ | 137 | $ | (140) | $ | (3) | Demand – interest-bearing | $ | 227 | $ | (81) | $ | 146 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Savings | Savings | 114 | (893) | (779) | Savings | 332 | 722 | 1,054 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time | Time | (735) | (1,642) | (2,377) | Time | (1,760) | (1,624) | (3,384) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-bearing deposits | Total interest-bearing deposits | (484) | (2,675) | (3,159) | Total interest-bearing deposits | (1,201) | (983) | (2,184) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Finance lease liabilities | Finance lease liabilities | (2) | 0 | (2) | Finance lease liabilities | (3) | 0 | (3) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subordinated debentures | Subordinated debentures | 358 | (517) | (159) | Subordinated debentures | (107) | (789) | (896) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Interest-Bearing Liabilities | Total Interest-Bearing Liabilities | $ | (128) | $ | (3,192) | $ | (3,320) | Total Interest-Bearing Liabilities | $ | (1,311) | $ | (1,772) | $ | (3,083) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in Net Interest Income | Change in Net Interest Income | $ | 9,733 | $ | 1,778 | $ | 11,511 | Change in Net Interest Income | $ | 17,727 | $ | 3,640 | $ | 21,367 |
(unaudited) | (unaudited) | |||||||||||||||||||||||||||
June 30, | December 31, | September 30, | December 31, | |||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||
Calculation of tangible book value per common share and tangible common equity/tangible assets: | Calculation of tangible book value per common share and tangible common equity/tangible assets: | Calculation of tangible book value per common share and tangible common equity/tangible assets: | ||||||||||||||||||||||||||
Shareholders' equity | Shareholders' equity | $ | 423,588 | $ | 442,847 | Shareholders' equity | $ | 516,128 | $ | 442,847 | ||||||||||||||||||
Less: preferred equity | Less: preferred equity | 57,785 | 57,785 | Less: preferred equity | 57,785 | 57,785 | ||||||||||||||||||||||
Less: goodwill | Less: goodwill | 43,749 | 43,749 | Less: goodwill | 43,749 | 43,749 | ||||||||||||||||||||||
Less: core deposit intangible | Less: core deposit intangible | 410 | 460 | Less: core deposit intangible | 386 | 460 | ||||||||||||||||||||||
Tangible common equity | Tangible common equity | $ | 321,644 | $ | 340,853 | Tangible common equity | $ | 414,208 | $ | 340,853 | ||||||||||||||||||
Total assets | Total assets | $ | 5,299,315 | $ | 5,328,939 | Total assets | $ | 5,317,346 | $ | 5,328,939 | ||||||||||||||||||
Less: goodwill | Less: goodwill | 43,749 | 43,749 | Less: goodwill | 43,749 | 43,749 | ||||||||||||||||||||||
Less: core deposit intangible | Less: core deposit intangible | 410 | 460 | Less: core deposit intangible | 386 | 460 | ||||||||||||||||||||||
Tangible assets | Tangible assets | $ | 5,255,156 | $ | 5,284,730 | Tangible assets | $ | 5,273,211 | $ | 5,284,730 | ||||||||||||||||||
Ending common shares outstanding | 16,859,586 | 16,855,062 | ||||||||||||||||||||||||||
Ending common shares outstanding, less treasury stock | Ending common shares outstanding, less treasury stock | 21,120,584 | 16,855,062 | |||||||||||||||||||||||||
Tangible book value per common share | Tangible book value per common share | $ | 19.08 | $ | 20.22 | Tangible book value per common share | $ | 19.61 | $ | 20.22 | ||||||||||||||||||
Tangible common equity/Tangible assets | Tangible common equity/Tangible assets | 6.12 | % | 6.45 | % | Tangible common equity/Tangible assets | 7.85 | % | 6.45 | % |
(unaudited) | (unaudited) | |||||||||||||||||||||||||||
June 30, | December 31, | September 30, | December 31, | |||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||
Calculation of allowance / loans receivable, net of PPP-related loans: | Calculation of allowance / loans receivable, net of PPP-related loans: | Calculation of allowance / loans receivable, net of PPP-related loans: | ||||||||||||||||||||||||||
Total allowance for credit losses | Total allowance for credit losses | $ | 40,543 | $ | 37,588 | Total allowance for credit losses | $ | 41,269 | $ | 37,588 | ||||||||||||||||||
Total loans receivable | Total loans receivable | $ | 3,909,753 | $ | 3,634,792 | Total loans receivable | $ | 4,024,665 | $ | 3,634,792 | ||||||||||||||||||
Less: PPP-related loans | Less: PPP-related loans | 2,287 | 45,203 | Less: PPP-related loans | 462 | 45,203 | ||||||||||||||||||||||
Adjusted total loans receivable, net of PPP-related loans (non-GAAP) | Adjusted total loans receivable, net of PPP-related loans (non-GAAP) | $ | 3,907,466 | $ | 3,589,589 | Adjusted total loans receivable, net of PPP-related loans (non-GAAP) | $ | 4,024,203 | $ | 3,589,589 | ||||||||||||||||||
Adjusted allowance / total loans receivable, net of PPP-related loans (non-GAAP) | Adjusted allowance / total loans receivable, net of PPP-related loans (non-GAAP) | 1.04 | % | 1.05 | % | Adjusted allowance / total loans receivable, net of PPP-related loans (non-GAAP) | 1.03 | % | 1.05 | % |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||||||||
June 30, | June 30, | September 30, | September 30, | |||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
Calculation of efficiency ratio: | Calculation of efficiency ratio: | Calculation of efficiency ratio: | ||||||||||||||||||||||||||||||||||||||||||||
Non-interest expense | Non-interest expense | $ | 32,609 | $ | 26,965 | $ | 64,501 | $ | 54,769 | Non-interest expense | $ | 36,100 | $ | 29,199 | $ | 100,601 | $ | 83,968 | ||||||||||||||||||||||||||||
Less: core deposit intangible amortization | Less: core deposit intangible amortization | 25 | 28 | 50 | 56 | Less: core deposit intangible amortization | 23 | 26 | 73 | 82 | ||||||||||||||||||||||||||||||||||||
Adjusted non-interest expense (non-GAAP) | Adjusted non-interest expense (non-GAAP) | $ | 32,584 | $ | 26,937 | $ | 64,451 | $ | 54,713 | Adjusted non-interest expense (non-GAAP) | $ | 36,077 | $ | 29,173 | $ | 100,528 | $ | 83,886 | ||||||||||||||||||||||||||||
Non-interest income | Non-interest income | $ | 8,146 | $ | 7,857 | $ | 17,800 | $ | 16,096 | Non-interest income | $ | 7,959 | $ | 8,414 | $ | 25,759 | $ | 24,510 | ||||||||||||||||||||||||||||
Net interest income | Net interest income | $ | 46,301 | $ | 38,305 | $ | 88,918 | $ | 77,426 | Net interest income | $ | 49,908 | $ | 40,295 | $ | 138,826 | $ | 117,721 | ||||||||||||||||||||||||||||
Less: tax exempt investment and loans receivable income, net of TEFRA (non-GAAP) | Less: tax exempt investment and loans receivable income, net of TEFRA (non-GAAP) | 1,208 | 1,221 | 2,535 | 2,525 | Less: tax exempt investment and loans receivable income, net of TEFRA (non-GAAP) | 1,232 | 1,185 | 3,767 | 3,710 | ||||||||||||||||||||||||||||||||||||
Add: tax exempt investment and loans receivable income (non-GAAP) (tax-equivalent) | Add: tax exempt investment and loans receivable income (non-GAAP) (tax-equivalent) | 1,549 | 1,576 | 3,252 | 3,265 | Add: tax exempt investment and loans receivable income (non-GAAP) (tax-equivalent) | 1,599 | 1,532 | 4,851 | 4,796 | ||||||||||||||||||||||||||||||||||||
Adjusted net interest income (non-GAAP) | Adjusted net interest income (non-GAAP) | 46,642 | 38,660 | 89,635 | 78,166 | Adjusted net interest income (non-GAAP) | 50,275 | 40,642 | 139,910 | 118,807 | ||||||||||||||||||||||||||||||||||||
Adjusted net revenue (non-GAAP) (tax-equivalent) | Adjusted net revenue (non-GAAP) (tax-equivalent) | $ | 54,788 | $ | 46,517 | $ | 107,435 | $ | 94,262 | Adjusted net revenue (non-GAAP) (tax-equivalent) | $ | 58,234 | $ | 49,056 | $ | 165,669 | $ | 143,317 | ||||||||||||||||||||||||||||
Efficiency ratio | Efficiency ratio | 59.47 | % | 57.91 | % | 59.99 | % | 58.04 | % | Efficiency ratio | 61.95 | % | 59.47 | % | 60.68 | % | 58.53 | % |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||||||||
June 30, | June 30, | September 30, | September 30, | |||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
Calculation of net interest margin: | Calculation of net interest margin: | Calculation of net interest margin: | ||||||||||||||||||||||||||||||||||||||||||||
Interest income | Interest income | $ | 49,741 | $ | 43,528 | $ | 95,995 | $ | 87,823 | Interest income | $ | 55,298 | $ | 45,448 | $ | 151,293 | $ | 133,271 | ||||||||||||||||||||||||||||
Interest expense | Interest expense | 3,440 | 5,223 | 7,077 | 10,397 | Interest expense | 5,390 | 5,153 | 12,467 | 15,550 | ||||||||||||||||||||||||||||||||||||
Net interest income | Net interest income | $ | 46,301 | $ | 38,305 | $ | 88,918 | $ | 77,426 | Net interest income | $ | 49,908 | $ | 40,295 | $ | 138,826 | $ | 117,721 | ||||||||||||||||||||||||||||
Average total earning assets | Average total earning assets | $ | 4,967,597 | $ | 4,734,660 | $ | 4,974,964 | $ | 4,622,299 | Average total earning assets | $ | 4,909,666 | $ | 4,889,774 | $ | 4,952,999 | $ | 4,712,741 | ||||||||||||||||||||||||||||
Net interest margin (annualized) | Net interest margin (annualized) | 3.74 | % | 3.25 | % | 3.60 | % | 3.38 | % | Net interest margin (annualized) | 4.03 | % | 3.27 | % | 3.75 | % | 3.34 | % | ||||||||||||||||||||||||||||
Calculation of net interest margin (fully tax-equivalent basis): | Calculation of net interest margin (fully tax-equivalent basis): | Calculation of net interest margin (fully tax-equivalent basis): | ||||||||||||||||||||||||||||||||||||||||||||
Interest income | Interest income | $ | 49,741 | $ | 43,528 | $ | 95,995 | $ | 87,823 | Interest income | $ | 55,298 | $ | 45,448 | $ | 151,293 | $ | 133,271 | ||||||||||||||||||||||||||||
Tax-equivalent adjustment (non-GAAP) | Tax-equivalent adjustment (non-GAAP) | 306 | 308 | 650 | 631 | Tax-equivalent adjustment (non-GAAP) | 305 | 297 | 954 | 692 | ||||||||||||||||||||||||||||||||||||
Adjusted interest income (fully tax-equivalent basis) (non-GAAP) | Adjusted interest income (fully tax-equivalent basis) (non-GAAP) | 50,047 | 43,836 | 96,645 | 88,454 | Adjusted interest income (fully tax-equivalent basis) (non-GAAP) | 55,603 | 45,745 | 152,247 | 133,963 | ||||||||||||||||||||||||||||||||||||
Interest expense | Interest expense | 3,440 | 5,223 | 7,077 | 10,397 | Interest expense | 5,390 | 5,153 | 12,467 | 15,550 | ||||||||||||||||||||||||||||||||||||
Net interest income (fully tax-equivalent basis) (non-GAAP) | Net interest income (fully tax-equivalent basis) (non-GAAP) | $ | 46,607 | $ | 38,613 | $ | 89,568 | $ | 78,057 | Net interest income (fully tax-equivalent basis) (non-GAAP) | $ | 50,213 | $ | 40,592 | $ | 139,780 | $ | 118,413 | ||||||||||||||||||||||||||||
Average total earning assets | Average total earning assets | $ | 4,967,597 | $ | 4,734,660 | $ | 4,974,964 | $ | 4,622,299 | Average total earning assets | $ | 4,909,666 | $ | 4,889,774 | $ | 4,952,999 | $ | 4,712,741 | ||||||||||||||||||||||||||||
Less: average mark to market adjustment on investments (non-GAAP) | Less: average mark to market adjustment on investments (non-GAAP) | (37,519) | 9,238 | (24,101) | 13,246 | Less: average mark to market adjustment on investments (non-GAAP) | (45,559) | 10,029 | (31,330) | 10,879 | ||||||||||||||||||||||||||||||||||||
Adjusted average total earning assets, net of mark to market (non-GAAP) | Adjusted average total earning assets, net of mark to market (non-GAAP) | $ | 5,005,116 | $ | 4,725,422 | $ | 4,999,065 | $ | 4,609,053 | Adjusted average total earning assets, net of mark to market (non-GAAP) | $ | 4,955,225 | $ | 4,879,745 | $ | 4,984,329 | $ | 4,701,862 | ||||||||||||||||||||||||||||
Net interest margin (fully tax-equivalent basis) (non-GAAP) (annualized) | Net interest margin (fully tax-equivalent basis) (non-GAAP) (annualized) | 3.73 | % | 3.28 | % | 3.61 | % | 3.42 | % | Net interest margin (fully tax-equivalent basis) (non-GAAP) (annualized) | 4.02 | % | 3.30 | % | 3.75 | % | 3.37 | % |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||||||||
June 30, | June 30, | September 30, | September 30, | |||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
Calculation of PPNR: (1) | ||||||||||||||||||||||||||||||||||||||||||||||
Calculation of Pre-Provision Net Revenue ("PPNR"): (1) | Calculation of Pre-Provision Net Revenue ("PPNR"): (1) | |||||||||||||||||||||||||||||||||||||||||||||
Net interest income | Net interest income | $ | 46,301 | $ | 38,305 | $ | 88,918 | $ | 77,426 | Net interest income | $ | 49,908 | $ | 40,295 | $ | 138,826 | $ | 117,721 | ||||||||||||||||||||||||||||
Add: Non-interest income | Add: Non-interest income | 8,146 | 7,857 | 17,800 | 16,096 | Add: Non-interest income | 7,959 | 8,414 | 25,759 | 24,510 | ||||||||||||||||||||||||||||||||||||
Less: Non-interest expense | Less: Non-interest expense | 32,609 | 26,965 | 64,501 | 54,769 | Less: Non-interest expense | 36,100 | 29,199 | 100,601 | 83,968 | ||||||||||||||||||||||||||||||||||||
PPNR (non-GAAP) | PPNR (non-GAAP) | $ | 21,838 | $ | 19,197 | $ | 42,217 | $ | 38,753 | PPNR (non-GAAP) | $ | 21,767 | $ | 19,510 | $ | 63,984 | $ | 58,263 | ||||||||||||||||||||||||||||
(1) Management believes that this is an important metric as it illustrates the underlying performance of the Corporation, it enables investors and others to assess the Corporation's ability to generate capital to cover credit losses through the credit cycle and provides consistent reporting with a key metric used by bank regulatory agencies. | (1) Management believes that this is an important metric as it illustrates the underlying performance of the Corporation, it enables investors and others to assess the Corporation's ability to generate capital to cover credit losses through the credit cycle and provides consistent reporting with a key metric used by bank regulatory agencies. | (1) Management believes that this is an important metric as it illustrates the underlying performance of the Corporation, it enables investors and others to assess the Corporation's ability to generate capital to cover credit losses through the credit cycle and provides consistent reporting with a key metric used by bank regulatory agencies. |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||||||||
June 30, | June 30, | September 30, | September 30, | |||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
Calculation of return on average tangible common equity: | Calculation of return on average tangible common equity: | Calculation of return on average tangible common equity: | ||||||||||||||||||||||||||||||||||||||||||||
Net income available to common stockholders | Net income available to common stockholders | $ | 14,363 | $ | 12,915 | $ | 28,533 | $ | 26,021 | Net income available to common stockholders | $ | 15,549 | $ | 13,831 | $ | 44,082 | $ | 39,852 | ||||||||||||||||||||||||||||
Average tangible common shareholders' equity | Average tangible common shareholders' equity | 323,490 | 322,471 | 331,780 | 320,395 | Average tangible common shareholders' equity | 338,723 | 335,786 | 334,241 | 325,856 | ||||||||||||||||||||||||||||||||||||
Return on average tangible common equity (non-GAAP) (annualized) | Return on average tangible common equity (non-GAAP) (annualized) | 17.81 | % | 16.06 | % | 17.34 | % | 16.38 | % | Return on average tangible common equity (non-GAAP) (annualized) | 18.21 | % | 16.34 | % | 17.63 | % | 16.35 | % |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||||||||||||
June 30, | June 30, | September 30, | September 30, | |||||||||||||||||||||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||||||||||||||
Calculation of non-interest income excluding net realized gains on available-for-sale securities: | Calculation of non-interest income excluding net realized gains on available-for-sale securities: | Calculation of non-interest income excluding net realized gains on available-for-sale securities: | ||||||||||||||||||||||||||||||||||||||||||||
Non-interest income | Non-interest income | $ | 8,146 | $ | 7,857 | $ | 17,800 | $ | 16,096 | Non-interest income | $ | 7,959 | $ | 8,414 | $ | 25,759 | $ | 24,510 | ||||||||||||||||||||||||||||
Less: net realized gains on available-for-sale securities | Less: net realized gains on available-for-sale securities | 0 | 0 | 651 | 0 | Less: net realized gains on available-for-sale securities | 0 | 0 | 651 | 0 | ||||||||||||||||||||||||||||||||||||
Adjusted non-interest income | Adjusted non-interest income | $ | 8,146 | $ | 7,857 | $ | 17,149 | $ | 16,096 | Adjusted non-interest income | $ | 7,959 | $ | 8,414 | $ | 25,108 | $ | 24,510 |
% Change in Net Interest Income | % Change in Net Interest Income | |||||||||||||||||||||
June, 30, 2022 | December 31, 2021 | September, 30, 2022 | December 31, 2021 | |||||||||||||||||||
+400 basis points | +400 basis points | 16.5% | 24.6% | +400 basis points | 17.8% | 24.6% | ||||||||||||||||
+300 basis points | +300 basis points | 13.2% | 18.0% | +300 basis points | 14.6% | 18.0% | ||||||||||||||||
+200 basis points | +200 basis points | 10.5% | 12.4% | +200 basis points | 12.1% | 12.4% | ||||||||||||||||
+100 basis points | +100 basis points | 7.4% | 6.3% | +100 basis points | 9.2% | 6.3% | ||||||||||||||||
-100 basis points | -100 basis points | (6.2)% | (6.3)% | -100 basis points | (3.9)% | (6.3)% | ||||||||||||||||
-200 basis points | -200 basis points | (11.8)% | (10.7)% | -200 basis points | (12.7)% | (10.7)% |
Period | Total Number of Shares Purchased | Average Price Paid per Common Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or approximate dollar value) of Shares that May Yet Be Purchased Under the Plans or Programs (1) | |||||||||||||||||||
April 1 – 30, 2022 | 0 | $ | 0 | 0 | 96,606 | ||||||||||||||||||
May 1 – 31, 2022 | 0 | 0 | 0 | 96,606 | |||||||||||||||||||
June 1 – 30, 2022 | 0 | 0 | 0 | 500,000 |
Period | Total Number of Shares Purchased | Average Price Paid per Common Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or approximate dollar value) of Shares that May Yet Be Purchased Under the Plans or Programs (1) | |||||||||||||||||||
July 1 – 31, 2022 | 0 | $ | 0 | 0 | 500,000 | ||||||||||||||||||
August 1 – 31, 2022 | 0 | 0 | 0 | 500,000 | |||||||||||||||||||
September 1 – 30, 2022 | 0 | 0 | 0 | 500,000 |
Exhibit No. | Description | |||||||
31.1 | ||||||||
31.2 | ||||||||
32.1 | ||||||||
32.2 | ||||||||
101.INS | Inline XBRL Instance Document | |||||||
101.SCH | Inline XBRL Taxonomy Extension Schema Document | |||||||
101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | |||||||
101.DEF | Inline XBRL Taxonomy Extension Definitions Linkbase Document | |||||||
101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | |||||||
101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | |||||||
104 | Cover Page Interactive Data File (formatted as Inline XBRL and included in Exhibit 101) |
CNB FINANCIAL CORPORATION | ||||||||||||||||||||
(Registrant) | ||||||||||||||||||||
DATE: | /s/ Joseph B. Bower, Jr. | |||||||||||||||||||
Joseph B. Bower, Jr. | ||||||||||||||||||||
President and Chief Executive Officer | ||||||||||||||||||||
(Principal Executive Officer) | ||||||||||||||||||||
DATE: | /s/ Tito L. Lima | |||||||||||||||||||
Tito L. Lima | ||||||||||||||||||||
Treasurer | ||||||||||||||||||||
(Principal Financial and Accounting Officer) |