Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | Apr. 29, 2016 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | MERCANTILE BANK CORPORATION | |
Trading Symbol | mbwm | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 16,240,246 | |
Amendment Flag | false | |
Entity Central Index Key | 1,042,729 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Accelerated Filer | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Mar. 31, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | |
ASSETS | |||
Cash and due from banks | $ 38,367,000 | $ 42,829,000 | |
Interest-earning deposits | 62,814,000 | 46,463,000 | |
Federal funds sold | 0 | 599,000 | |
Total cash and cash equivalents | 101,181,000 | 89,891,000 | |
Securities available for sale | [1] | 343,805,000 | 346,992,000 |
Federal Home Loan Bank stock | [2] | 7,567,000 | 7,567,000 |
Loans | 2,295,668,000 | 2,277,727,000 | |
Allowance for loan losses | (16,262,000) | (15,681,000) | |
Loans, net | 2,279,406,000 | 2,262,046,000 | |
Premises and equipment, net | 45,963,000 | 46,862,000 | |
Bank owned life insurance | 59,248,000 | 58,971,000 | |
Goodwill | 49,473,000 | 49,473,000 | |
Core deposit intangible | 11,916,000 | 12,631,000 | |
Other assets | 27,497,000 | 29,123,000 | |
Total assets | 2,926,056,000 | 2,903,556,000 | |
Deposits | |||
Noninterest-bearing | 678,100,000 | 674,568,000 | |
Interest-bearing | 1,587,022,000 | 1,600,814,000 | |
Total deposits | 2,265,122,000 | 2,275,382,000 | |
Securities sold under agreements to repurchase | 162,312,000 | 154,771,000 | |
Federal Home Loan Bank advances | 98,000,000 | 68,000,000 | |
Subordinated debentures | 44,324,000 | 55,154,000 | |
Accrued interest and other liabilities | 17,745,000 | 16,445,000 | |
Total liabilities | 2,587,503,000 | 2,569,752,000 | |
Shareholders' equity | |||
Preferred stock, no par value; 1,000,000 shares authorized; none issued | 0 | 0 | |
Common stock, no par value; 40,000,000 shares authorized; 16,232,234 shares outstanding at March 31, 2016 and 16,358,711 shares outstanding at December 31, 2015 | 302,360,000 | 304,819,000 | |
Retained earnings | 33,697,000 | 27,722,000 | |
Accumulated other comprehensive income | 2,496,000 | 1,263,000 | |
Total shareholders’ equity | 338,553,000 | 333,804,000 | |
Total liabilities and shareholders’ equity | $ 2,926,056,000 | $ 2,903,556,000 | |
[1] | See Note 11 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. | ||
[2] | It is not practical to determine the fair value of FHLBI stock due to transferability restrictions. |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares | Mar. 31, 2016 | Dec. 31, 2015 |
Preferred stock, par value (in Dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, issued | 0 | 0 |
Common stock, par value (in Dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized | 40,000,000 | 40,000,000 |
Common stock, shares outstanding | 16,232,234 | 16,358,711 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Interest income | ||
Loans, including fees | $ 26,779,000 | $ 25,311,000 |
Securities, taxable | 1,516,000 | 1,686,000 |
Securities, tax-exempt | 537,000 | 537,000 |
Other interest-earning assets | 57,000 | 55,000 |
Total interest income | 28,889,000 | 27,589,000 |
Interest expense | ||
Deposits | 1,866,000 | 1,899,000 |
Short-term borrowings | 44,000 | 38,000 |
Federal Home Loan Bank advances | 350,000 | 152,000 |
Subordinated debentures and other borrowings | 747,000 | 651,000 |
Total interest expense | 3,007,000 | 2,740,000 |
Net interest income | 25,882,000 | 24,849,000 |
Provision for loan losses | 600,000 | (400,000) |
Net interest income after provision for loan losses | 25,282,000 | 25,249,000 |
Noninterest income | ||
Service charges on deposit and sweep accounts | 948,000 | 770,000 |
Credit and debit card income | 1,015,000 | 1,213,000 |
Gain on trust preferred securities repurchase | 2,970,000 | 0 |
Mortgage banking income | 598,000 | 688,000 |
Earnings on bank owned life insurance | 286,000 | 287,000 |
Other income | 1,269,000 | 736,000 |
Total noninterest income | 7,086,000 | 3,694,000 |
Noninterest expense | ||
Salaries and benefits | 10,995,000 | 10,084,000 |
Occupancy | 1,604,000 | 1,573,000 |
Furniture and equipment depreciation, rent and maintenance | 525,000 | 624,000 |
Data processing costs | 1,992,000 | 1,770,000 |
FDIC insurance costs | 392,000 | 477,000 |
Other expense | 4,360,000 | 4,713,000 |
Total noninterest expenses | 19,868,000 | 19,241,000 |
Income before federal income tax expense | 12,500,000 | 9,702,000 |
Federal income tax expense | 3,951,000 | 3,056,000 |
Net income | $ 8,549,000 | $ 6,646,000 |
Basic earnings per share (in Dollars per share) | $ 0.52 | $ 0.39 |
Diluted earnings per share (in Dollars per share) | 0.52 | 0.39 |
Cash dividends per share (in Dollars per share) | $ 0.16 | $ 0.14 |
Average basic shares outstanding (in Shares) | 16,291,654 | 16,937,630 |
Average diluted shares outstanding (in Shares) | 16,325,475 | 16,978,591 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Net income | $ 8,549,000 | $ 6,646,000 |
Other comprehensive income (loss): | ||
Unrealized holding gains on securities available for sale | 1,919,000 | 2,873,000 |
Fair value of interest rate swap | (21,000) | (197,000) |
1,898,000 | 2,676,000 | |
Tax effect of unrealized holding gains (losses) on securities available for sale | (672,000) | (997,000) |
Tax effect of fair value of interest rate swap | 7,000 | 69,000 |
(665,000) | (928,000) | |
Other comprehensive income, net of tax effect | 1,233,000 | 1,748,000 |
Comprehensive income | $ 9,782,000 | $ 8,394,000 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Beginning balance at Dec. 31, 2014 | $ 0 | $ 317,904,000 | $ 10,218,000 | $ 16,000 | $ 328,138,000 |
Ending balance at Mar. 31, 2015 | 0 | 316,537,000 | 14,487,000 | 1,764,000 | 332,788,000 |
Employee stock purchase plan | 10,000 | 10,000 | |||
Dividend reinvestment plan | 140,000 | 140,000 | |||
Stock option exercises | 132,000 | 132,000 | |||
Stock grants to directors for retainer fees (5,994 shares) | 123,000 | 123,000 | |||
Stock-based compensation expense | 212,000 | 212,000 | |||
Share repurchase program | (1,984,000) | (1,984,000) | |||
Cash dividends | (2,377,000) | (2,377,000) | |||
Net income | 6,646,000 | 6,646,000 | |||
Change in net unrealized gain on securities available for sale, net of tax effect | 1,876,000 | 1,876,000 | |||
Change in fair value of interest rate swap, net of tax effect | (128,000) | (128,000) | |||
Beginning balance at Dec. 31, 2015 | 0 | 304,819,000 | 27,722,000 | 1,263,000 | 333,804,000 |
Ending balance at Mar. 31, 2016 | $ 0 | 302,360,000 | 33,697,000 | 2,496,000 | 338,553,000 |
Employee stock purchase plan | 8,000 | 8,000 | |||
Dividend reinvestment plan | 411,000 | 411,000 | |||
Stock option exercises | 50,000 | 50,000 | |||
Stock-based compensation expense | 330,000 | 330,000 | |||
Share repurchase program | $ (3,258,000) | (3,258,000) | |||
Cash dividends | (2,574,000) | (2,574,000) | |||
Net income | $ 8,549,000 | 8,549,000 | |||
Change in net unrealized gain on securities available for sale, net of tax effect | 1,247,000 | 1,247,000 | |||
Change in fair value of interest rate swap, net of tax effect | $ (14,000) | $ (14,000) |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash dividends per common share (in Dollars per share) | $ 0.16 | $ 0.14 |
Common Stock [Member] | ||
Employee stock purchase plan, shares | 364 | 543 |
Dividend reinvestment plan, shares | 17,876 | 7,172 |
Stock option exercises, shares | 4,700 | 13,500 |
Share repurchase program, shares | 147,656 | 103,981 |
Cash dividends per common share (in Dollars per share) | $ 0.16 | $ 0.14 |
Stock grants to directors for retainer fees | 5,994 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash flows from operating activities | ||
Net income | $ 8,549,000 | $ 6,646,000 |
Adjustments to reconcile net income to net cash from operating activities | ||
Depreciation and amortization | 2,767,000 | 2,833,000 |
Accretion of acquired loans | (1,316,000) | (1,416,000) |
Provision for loan losses | 600,000 | (400,000) |
Stock-based compensation expense | 330,000 | 212,000 |
Stock grants to directors for retainer fees | 0 | 123,000 |
Proceeds from sales of mortgage loans held for sale | 19,465,000 | 23,970,000 |
Origination of mortgage loans held for sale | (18,150,000) | (25,123,000) |
Net gain from sales of mortgage loans held for sale | (543,000) | (703,000) |
Gain on trust preferred securities repurchase | (2,970,000) | 0 |
Net gain from sales and valuation write-down of foreclosed assets | (164,000) | (1,000) |
Net (gain) loss from sales and write-downs of fixed assets | 140,000 | (20,000) |
Net (gain) loss from sales of available for sale securities | 1,000 | (5,000) |
Earnings on bank owned life insurance | (286,000) | (287,000) |
Net change in: | ||
Accrued interest receivable | (366,000) | (713,000) |
Other assets | 732,000 | 1,150,000 |
Accrued interest and other liabilities | 1,278,000 | 1,540,000 |
Net cash from operating activities | 10,067,000 | 7,806,000 |
Cash flows from investing activities | ||
Loan originations and payments, net | (18,011,000) | (27,224,000) |
Purchases of securities available for sale | (17,873,000) | (1,800,000) |
Proceeds from maturities, calls and repayments of securities available for sale | 22,337,000 | 22,371,000 |
Proceeds from sales of securities available for sale | 264,000 | 665,000 |
Proceeds from sales of foreclosed assets | 574,000 | 754,000 |
Net sales (purchases) of premises and equipment | 44,000 | (288,000) |
Net cash for investing activities | (12,665,000) | (5,522,000) |
Cash flows from financing activities | ||
Net decrease in time deposits | (24,764,000) | (40,457,000) |
Net increase in all other deposits | 14,504,000 | 43,654,000 |
Net increase (decrease) in securities sold under agreements to repurchase | 7,541,000 | (19,350,000) |
Maturities of Federal Home Loan Bank advances | 0 | (6,000,000) |
Proceeds from Federal Home Loan Bank advances | 30,000,000 | 0 |
Proceeds from stock option exercises | 50,000 | 132,000 |
Employee stock purchase plan | 8,000 | 10,000 |
Dividend reinvestment plan | 411,000 | 140,000 |
Repurchase of common stock shares | (3,258,000) | (1,984,000) |
Repurchase of trust preferred securities | (8,030,000) | 0 |
Payment of cash dividends to common shareholders | (2,574,000) | (2,377,000) |
Net cash from (for) financing activities | 13,888,000 | (26,232,000) |
Net change in cash and cash equivalents | 11,290,000 | (23,948,000) |
Cash and cash equivalents at beginning of period | 89,891,000 | 172,738,000 |
Cash and cash equivalents at end of period | 101,181,000 | 148,790,000 |
Cash paid during the period for: | ||
Interest | 3,063,000 | 2,903,000 |
Federal income tax | 250,000 | 950,000 |
Noncash financing and investing activities: | ||
Transfers from loans to foreclosed assets | $ 595,000 | $ 422,000 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | 1. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation We have five separate business trusts that were formed to issue trust preferred securities. Subordinated debentures were issued to the trusts in return for the proceeds raised from the issuance of the trust preferred securities. The trusts are not consolidated, but instead we report the subordinated debentures issued to the trusts as a liability. Earnings Per Share Approximately 150,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three months ended March 31, 2016. In addition, stock options for approximately 118,000 shares of common stock were included in determining diluted earnings per share for the three months ended March 31, 2016. Stock options for approximately 10,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three months ended March 31, 2016. Approximately 101,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three months ended March 31, 2015. In addition, stock options for approximately 121,000 shares of common stock were included in determining diluted earnings per share for the three months ended March 31, 2015. Stock options for approximately 118,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three months ended March 31, 2015. Securities Interest income includes amortization of purchase premiums and accretion of discounts. Premiums and discounts on securities are amortized or accreted on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Declines in the fair value of debt securities below their amortized cost that are other than temporary (“OTTI”) are reflected in earnings or other comprehensive income, as appropriate. For those debt securities whose fair value is less than their amortized cost, we consider our intent to sell the security, whether it is more likely than not that we will be required to sell the security before recovery and whether we expect to recover the entire amortized cost of the security based on our assessment of the issuer’s financial condition. In analyzing an issuer’s financial condition, we consider whether the securities are issued by the federal government or its agencies, and whether downgrades by bond rating agencies have occurred. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement, and 2) OTTI related to other factors, such as liquidity conditions in the market or changes in market interest rates, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost. Loans Interest income on commercial loans and mortgage loans is discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Consumer and credit card loans are typically charged off no later than when they are 120 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal and interest is considered doubtful. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Loans Held for Sale Mortgage loans held for sale are generally sold with servicing rights retained. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold, which is reduced by the cost allocated to the servicing right. We generally lock in the sale price to the purchaser of the loan at the same time we make a rate commitment to the borrower. These mortgage banking activities are not designated as hedges and are carried at fair value. The net gain or loss on mortgage banking derivatives is included in the gain on sale of loans. Mortgage loans serviced for others totaled approximately $600 million as of March 31, 2016. Mortgage Banking Activities Servicing fee income is recorded for fees earned for serving mortgage loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. Amortization of mortgage loan servicing rights is netted against mortgage loan servicing income and recorded in mortgage banking activities in the income statement. Troubled Debt Restructurings In accordance with current accounting guidance, loans modified as troubled debt restructurings are, by definition, considered to be impaired loans. Impairment for these loans is measured on a loan-by-loan basis similar to other impaired loans as described below under “Allowance for Loan Losses.” Certain loans modified as troubled debt restructurings may have been previously measured for impairment under a general allowance methodology (i.e., pooling), thus at the time the loan is modified as a troubled debt restructuring the allowance will be impacted by the difference between the results of these two measurement methodologies. Loans modified as troubled debt restructurings that subsequently default are factored into the determination of the allowance in the same manner as other defaulted loans. Allowance for Loan Losses A loan is considered to be impaired when, based on current information and events, it is probable we will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of delay, the reasons for delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of collateral if the loan is collateral dependent. Derivatives Changes in the fair value of derivatives that are designated, for accounting purposes, as a hedge of the variability of cash flows to be received on various loans and are effective are reported in other comprehensive income. They are later reclassified into earnings in the same periods during which the hedged transaction affects earnings and are included in the line item in which the hedged cash flows are recorded. If hedge accounting does not apply, changes in the fair value of derivatives are recognized immediately in current earnings as interest income or expense. If designated as a hedge, we formally document the relationship between derivatives as hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet. If designated as a hedge, we also formally assess, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. Ineffective hedge gains and losses are recognized immediately in current earnings as noninterest income or expense. We discontinue hedge accounting when we determine the derivative is no longer effective in offsetting changes in the cash flows of the hedged item, the derivative is settled or terminates, or treatment of the derivative as a hedge is no longer appropriate or intended. Goodwill and Core Deposit Intangible The core deposit intangible that arose from the Firstbank Corporation acquisition was initially measured at fair value and is being amortized into noninterest expense over a ten-year period using the sum-of-the-years-digits methodology. Adoption of New Accounting Standards: Revenue from Contracts with Customers Revenue from Contracts with Customers – Deferral of Effective Date In January 2016, the FASB issued ASU 2016-1, Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU 2016-02, Leases In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting |
Note 2 - Securities
Note 2 - Securities | 3 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 2 . SECURITIES The amortized cost and fair value of available for sale securities and the related pre-tax gross unrealized gains and losses recognized in accumulated other comprehensive income are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2016 U.S. Government agency debt obligations $ 141,400,000 $ 2,076,000 $ (580,000 ) $ 142,896,000 Mortgage-backed securities 61,744,000 828,000 (111,000 ) 62,461,000 Municipal general obligation bonds 125,794,000 1,948,000 (148,000 ) 127,594,000 Municipal revenue bonds 8,798,000 87,000 0 8,885,000 Other investments 1,954,000 15,000 0 1,969,000 $ 339,690,000 $ 4,954,000 $ (839,000 ) $ 343,805,000 December 31, 2015 U.S. Government agency debt obligations $ 146,660,000 $ 1,932,000 $ (1,552,000 ) $ 147,040,000 Mortgage-backed securities 66,670,000 708,000 (304,000 ) 67,074,000 Municipal general obligation bonds 120,679,000 1,549,000 (205,000 ) 122,023,000 Municipal revenue bonds 8,841,000 76,000 (3,000 ) 8,914,000 Other investments 1,946,000 0 (5,000 ) 1,941,000 $ 344,796,000 $ 4,265,000 $ (2,069,000 ) $ 346,992,000 Securities with unrealized losses at March 31, 2016 and December 31, 2015, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows: Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss March 31, 2016 U.S. Government agency debt obligations $ 7,046,000 $ 114,000 $ 42,601,000 $ 466,000 $ 49,647,000 $ 580,000 Mortgage-backed securities 7,942,000 36,000 17,055,000 75,000 24,997,000 111,000 Municipal general obligation bonds 3,054,000 22,000 10,551,000 126,000 13,605,000 148,000 Municipal revenue bonds 0 0 121,000 < 1,000 121,000 < 1,000 Other investments 0 0 0 0 0 0 $ 18,042,000 $ 172,000 $ 70,328,000 $ 667,000 $ 88,370,000 $ 839,000 Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2015 U.S. Government agency debt obligations $ 0 $ 0 $ 76,496,000 $ 1,552,000 $ 76,496,000 $ 1,552,000 Mortgage-backed securities 18,025,000 69,000 34,660,000 235,000 52,685,000 304,000 Municipal general obligation bonds 1,981,000 4,000 30,134,000 201,000 32,115,000 205,000 Municipal revenue bonds 0 0 1,134,000 3,000 1,134,000 3,000 Other investments 1,446,000 5,000 0 0 1,446,000 5,000 $ 21,452,000 $ 78,000 $ 142,424,000 $ 1,991,000 $ 163,876,000 $ 2,069,000 We evaluate securities for other-than-temporary impairment at least on a quarterly basis. Consideration is given to the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability we have to retain our investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. For those debt securities whose fair value is less than their amortized cost basis, we also consider our intent to sell the security, whether it is more likely than not that we will be required to sell the security before recovery and if we do not expect to recover the entire amortized cost basis of the security. In analyzing an issuer’s financial condition, we may consider whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred and the results of reviews of the issuer’s financial condition. At March 31, 2016, 136 debt securities with fair values totaling $88.4 million have unrealized losses aggregating $0.8 million. After we considered whether the securities were issued by the federal government or its agencies and whether downgrades by bond rating agencies had occurred, we determined that the unrealized losses were due to changing interest rate environments. As we do not intend to sell our debt securities before recovery of their cost basis and we believe it is more likely than not that we will not be required to sell our debt securities before recovery of the cost basis, no unrealized losses are deemed to be other-than-temporary. The amortized cost and fair value of debt securities at March 31, 2016, by maturity, are shown in the following table. The contractual maturity is utilized for U.S. Government agency debt obligations and municipal bonds. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. Weighted average yields are also reflected, with yields for municipal securities shown at their tax equivalent yield. Weighted Average Amortized Fair Yield Cost Value Due in 2016 1.47 % $ 36,231,000 $ 36,259,000 Due in 2017 through 2021 1.76 122,550,000 123,425,000 Due in 2022 through 2026 3.25 52,425,000 53,629,000 Due in 2027 and beyond 3.48 64,786,000 66,062,000 Mortgage-backed securities 1.77 61,744,000 62,461,000 Other investments 1.53 1,954,000 1,969,000 2.29 % $ 339,690,000 $ 343,805,000 Securities issued by the State of Michigan and all its political subdivisions had a combined amortized cost of $112 million and $106 million at March 31, 2016 and December 31, 2015, respectively, with estimated market values of $113 million and $107 million, respectively. Securities issued by all other states and their political subdivisions had a combined amortized cost of $22.9 million and $24.0 million at March 31, 2016 and December 31, 2015, respectively, with estimated market values of $23.2 million and $24.1 million, respectively. Total securities of any other specific issuer, other than the U.S. Government and its agencies and the State of Michigan and all its political subdivisions, did not exceed 10% of shareholders’ equity. The carrying value of U.S. Government agency debt obligations and mortgage-backed securities that are pledged to secure repurchase agreements was $162 million and $155 million at March 31, 2016 and December 31, 2015, respectively. Investments in Federal Home Loan Bank stock are restricted and may only be resold or redeemed by the issuer. |
Note 3 - Loans and Allowance fo
Note 3 - Loans and Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 3. LOANS AND ALLOWANCE FOR LOAN LOSSES Loans originated for investment are stated at their principal amount outstanding adjusted for partial charge-offs, the allowance, and net deferred loan fees and costs. Interest income on loans is accrued over the term of the loans primarily using the simple interest method based on the principal balance outstanding. Interest is not accrued on loans where collectability is uncertain. Accrued interest is presented separately in the consolidated balance sheet. Loan origination fees and certain direct costs incurred to extend credit are deferred and amortized over the term of the loan or loan commitment period as an adjustment to the related loan yield. Acquired loans are those purchased in the Firstbank merger. These loans were recorded at estimated fair value at the merger date with no carryover of the related allowance. The acquired loans were segregated between those considered to be performing (“acquired non-impaired loans”) and those with evidence of credit deterioration (“acquired impaired loans”). Acquired loans are considered impaired if there is evidence of credit deterioration and if it is probable, at acquisition, all contractually required payments will not be collected. Acquired loans restructured after acquisition are not considered or reported as troubled debt restructurings if the loans evidenced credit deterioration as of the merger date and are accounted for in pools. The fair value estimates for acquired loans are based on expected prepayments and the amount and timing of discounted expected principal, interest and other cash flows. Credit discounts representing the principal losses expected over the life of the loan are also a component of the initial fair value. In determining the merger date fair value of acquired impaired loans, and in subsequent accounting, we have generally aggregated acquired commercial and consumer loans into pools of loans with common risk characteristics. The difference between the fair value of an acquired non-impaired loan and contractual amounts due at the merger date is accreted into income over the estimated life of the loan. Contractually required payments represent the total undiscounted amount of all uncollected principal and interest payments. Acquired non-impaired loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated loan portfolio. The excess of an acquired impaired loan’s undiscounted contractually required payments over the amount of its undiscounted cash flows expected to be collected is referred to as the non-accretable difference. The non-accretable difference, which is neither accreted into income nor recorded on the consolidated balance sheet, reflects estimated future credit losses and uncollectible contractual interest expected to be incurred over the life of the acquired impaired loan. The excess cash flows expected to be collected over the carrying amount of the acquired loan is referred to as the accretable yield. This amount is accreted into interest income over the remaining life of the acquired loans or pools using the level yield method. The accretable yield is affected by changes in interest rate indices for variable rate loans, changes in prepayment speed assumptions and changes in expected principal and interest payments over the estimated lives of the acquired impaired loans. We evaluate quarterly the remaining contractual required payments receivable and estimate cash flows expected to be collected over the lives of the impaired loans. Contractually required payments receivable may increase or decrease for a variety of reasons, for example, when the contractual terms of the loan agreement are modified, when interest rates on variable rate loans change, or when principal and/or interest payments are received. Cash flows expected to be collected on acquired impaired loans are estimated by incorporating several key assumptions similar to the initial estimate of fair value. These key assumptions include probability of default, loss given default, and the amount of actual prepayments after the merger date. Prepayments affect the estimated lives of loans and could change the amount of interest income, and possibly principal, expected to be collected. In re-forecasting future estimated cash flows, credit loss expectations are adjusted as necessary. The adjustments are based, in part, on actual loss severities recognized for each loan type, as well as changes in the probability of default. For periods in which estimated cash flows are not re-forecasted, the prior reporting period’s estimated cash flows are adjusted to reflect the actual cash received and credit events that transpired during the current reporting period. Increases in expected cash flows of acquired impaired loans subsequent to the merger date are recognized prospectively through adjustments of the yield on the loans or pools over their remaining lives, while decreases in expected cash flows are recognized as impairment through a provision for loan losses and an increase in the allowance. Our total loans at March 31, 2016 were $2.30 billion compared to $2.28 billion at December 31, 2015, an increase of $17.9 million, or 0.8%. The components of our loan portfolio disaggregated by class of loan within the loan portfolio segments at March 31, 2016 and December 31, 2015, and the percentage change in loans from the end of 2015 to the end of the first quarter of 2016, are as follows: Percent March 31, 2016 December 31, 2015 Increase Balance % Balance % (Decrease) Originated loans Commercial: Commercial and industrial $ 613,570,000 36.4 % $ 577,872,000 35.7 % 6.2 % Vacant land, land development, and residential construction 28,451,000 1.7 30,138,000 1.9 (5.6 ) Real estate – owner occupied 334,948,000 19.8 330,798,000 20.5 1.3 Real estate – non-owner occupied 549,226,000 32.5 520,754,000 32.2 5.5 Real estate – multi-family and residential rental 36,582,000 2.2 33,954,000 2.1 7.7 Total commercial 1,562,777,000 92.6 1,493,516,000 92.4 4.6 Retail: Home equity and other 68,342,000 4.1 67,816,000 4.2 0.8 1-4 family mortgages 56,357,000 3.3 55,255,000 3.4 2.0 Total retail 124,699,000 7.4 123,071,000 7.6 1.3 Total originated loans $ 1,687,476,000 100.0 % $ 1,616,587,000 100.0 % 4.4 % Percent March 31, 2016 December 31, 2015 Increase Balance % Balance % (Decrease) Acquired loans Commercial: Commercial and industrial $ 101,042,000 16.6 % $ 118,431,000 17.9 % (14.7% ) Vacant land, land development, and residential construction 11,179,000 1.9 14,982,000 2.3 (25.4 ) Real estate – owner occupied 106,714,000 17.5 115,121,000 17.4 (7.3 ) Real estate – non-owner occupied 116,787,000 19.2 123,597,000 18.7 (5.5 ) Real estate – multi-family and residential rental 75,951,000 12.5 81,049,000 12.3 (6.3 ) Total commercial 411,673,000 67.7 453,180,000 68.6 (9.2 ) Retail: Home equity and other 67,341,000 11.1 72,830,000 11.0 (7.5 ) 1-4 family mortgages 129,178,000 21.2 135,130,000 20.4 (4.4 ) Total retail 196,519,000 32.3 207,960,000 31.4 (5.5 ) Total acquired loans $ 608,192,000 100.0 % $ 661,140,000 100.0 % (8.0% ) Percent March 31, 2016 December 31, 2015 Increase Balance % Balance % (Decrease) Total loans Commercial: Commercial and industrial $ 714,612,000 31.1 % $ 696,303,000 30.6 % 2.6 % Vacant land, land development, and residential construction 39,630,000 1.7 45,120,000 2.0 (12.2 ) Real estate – owner occupied 441,662,000 19.3 445,919,000 19.6 (1.0 ) Real estate – non-owner occupied 666,013,000 29.0 644,351,000 28.3 3.4 Real estate – multi-family and residential rental 112,533,000 4.9 115,003,000 5.0 (2.1 ) Total commercial 1,974,450,000 86.0 1,946,696,000 85.5 1.4 Retail: Home equity and other 135,683,000 5.9 140,646,000 6.2 (3.5 ) 1-4 family mortgages 185,535,000 8.1 190,385,000 8.3 (2.5 ) Total retail 321,218,000 14.0 331,031,000 14.5 (3.0 ) Total loans $ 2,295,668,000 100.0 % $ 2,277,727,000 100.0 % 0.8 % The total contractually required payments due on and carrying value of acquired impaired loans were $21.3 million and $10.1 million, respectively, as of March 31, 2016. The total contractually required payments due on and carrying value of acquired impaired loans were $24.6 million and $13.1 million, respectively, as of December 31, 2015. Changes in the accretable yield for acquired impaired loans for the three months ended March 31, 2016 and March 31, 2015 were as follows: Balance at December 31, 2015 $ 5,193,000 Additions 21,000 Accretion income (680,000 ) Net reclassification from nonaccretable to accretable 2,372,000 Reductions (1) (587,000 ) Balance at March 31, 2016 $ 6,319,000 Balance at December 31, 2014 $ 4,998,000 Additions 0 Accretion income (646,000 ) Net reclassification from nonaccretable to accretable 941,000 Reductions (1) (52,000 ) Balance at March 31, 2015 $ 5,241,000 (1) Reductions primarily reflect the result of exit events, including loan payoffs and charge-offs. Nonperforming originated loans as of March 31, 2016 and December 31, 2015 were as follows: March 31, December 31, 2016 2015 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 1,702,000 1,954,000 Total nonperforming originated loans $ 1,702,000 $ 1,954,000 Nonperforming acquired loans as of March 31, 2016 and December 31, 2015 were as follows: March 31, December 31, 2016 2015 Loans past due 90 days or more still accruing interest $ 0 $ 5,000 Nonaccrual loans 3,140,000 3,485,000 Total nonperforming acquired loans $ 3,140,000 $ 3,490,000 The recorded principal balance of nonperforming loans was as follows: March 31, December 31, 2016 2015 Commercial: Commercial and industrial $ 486,000 $ 458,000 Vacant land, land development, and residential construction 140,000 155,000 Real estate – owner occupied 1,641,000 1,797,000 Real estate – non-owner occupied 51,000 79,000 Real estate – multi-family and residential rental 81,000 157,000 Total commercial 2,399,000 2,646,000 Retail: Home equity and other 611,000 771,000 1-4 family mortgages 1,832,000 2,027,000 Total retail 2,443,000 2,798,000 Total nonperforming loans $ 4,842,000 $ 5,444,000 Acquired impaired loans are not reported as nonperforming loans based on acquired impaired loan accounting. Acquired non-impaired loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated loan portfolio. An age analysis of past due loans is as follows as of March 31, 2016: 30 – 59 Days Past Due 60 – 89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Balance > 89 Days and Accruing Originated loans Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 0 $ 613,570,000 $ 613,570,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 28,451,000 28,451,000 0 Real estate – owner occupied 425,000 0 4,000 429,000 334,519,000 334,948,000 0 Real estate – non-owner occupied 0 0 0 0 549,226,000 549,226,000 0 Real estate – multi-family and residential rental 0 0 0 0 36,582,000 36,582,000 0 Total commercial 425,000 0 4,000 429,000 1,562,348,000 1,562,777,000 0 Retail: Home equity and other 99,000 0 2,000 101,000 68,241,000 68,342,000 0 1-4 family mortgages 0 17,000 351,000 368,000 55,989,000 56,357,000 0 Total retail 99,000 17,000 353,000 469,000 124,230,000 124,699,000 0 Total past due loans $ 524,000 $ 17,000 $ 357,000 $ 898,000 $ 1,686,578,000 $ 1,687,476,000 $ 0 Greater Recorded 30 – 59 60 – 89 Than 89 Balance > 89 Days Days Days Total Total Days and Past Due Past Due Past Due Past Due Current Loans Accruing Acquired loans Commercial: Commercial and industrial $ 20,000 $ 17,000 $ 383,000 $ 420,000 $ 100,622,000 $ 101,042,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 11,179,000 11,179,000 0 Real estate – owner occupied 269,000 0 648,000 917,000 105,797,000 106,714,000 0 Real estate – non-owner occupied 0 0 498,000 498,000 116,289,000 116,787,000 0 Real estate – multi-family and residential rental 15,000 0 65,000 80,000 75,871,000 75,951,000 0 Total commercial 304,000 17,000 1,594,000 1,915,000 409,758,000 411,673,000 0 Retail: Home equity and other 353,000 134,000 19,000 506,000 66,835,000 67,341,000 0 1-4 family mortgages 979,000 233,000 381,000 1,593,000 127,585,000 129,178,000 0 Total retail 1,332,000 367,000 400,000 2,099,000 194,420,000 196,519,000 0 Total past due loans $ 1,636,000 $ 384,000 $ 1,994,000 $ 4,014,000 $ 604,178,000 $ 608,192,000 $ 0 An age analysis of past due loans is as follows as of December 31, 2015: Greater Recorded 30 – 59 60 – 89 Than 89 Balance > 89 Days Days Days Total Total Days and Past Due Past Due Past Due Past Due Current Loans Accruing Originated loans Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 0 $ 577,872,000 $ 577,872,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 30,138,000 30,138,000 0 Real estate – owner occupied 432,000 0 9,000 441,000 330,357,000 330,798,000 0 Real estate – non-owner occupied 0 0 0 0 520,754,000 520,754,000 0 Real estate – multi-family and residential rental 0 0 0 0 33,954,000 33,954,000 0 Total commercial 432,000 0 9,000 441,000 1,493,075,000 1,493,516,000 0 Retail: Home equity and other 186,000 108,000 0 294,000 67,522,000 67,816,000 0 1-4 family mortgages 107,000 95,000 356,000 558,000 54,697,000 55,255,000 0 Total retail 293,000 203,000 356,000 852,000 122,219,000 123,071,000 0 Total past due loans $ 725,000 $ 203,000 $ 365,000 $ 1,293,000 $ 1,615,294,000 $ 1,616,587,000 $ 0 Greater Recorded 30 – 59 60 – 89 Than 89 Balance > 89 Days Days Days Total Total Days and Past Due Past Due Past Due Past Due Current Loans Accruing Acquired Loans Commercial: Commercial and industrial $ 0 $ 5,000 $ 541,000 $ 546,000 $ 117,885,000 $ 118,431,000 $ 0 Vacant land, land development, and residential construction 27,000 0 0 27,000 14,955,000 14,982,000 0 Real estate – owner occupied 323,000 425,000 1,142,000 1,890,000 113,231,000 115,121,000 0 Real estate – non-owner occupied 53,000 703,000 79,000 835,000 122,762,000 123,597,000 0 Real estate – multi-family and residential rental 223,000 54,000 0 277,000 80,772,000 81,049,000 0 Total commercial 626,000 1,187,000 1,762,000 3,575,000 449,605,000 453,180,000 0 Retail: Home equity and other 395,000 44,000 28,000 467,000 72,363,000 72,830,000 5,000 1-4 family mortgages 960,000 354,000 416,000 1,730,000 133,400,000 135,130,000 0 Total retail 1,355,000 398,000 444,000 2,197,000 205,763,000 207,960,000 5,000 Total past due loans $ 1,981,000 $ 1,585,000 $ 2,206,000 $ 5,772,000 $ 655,368,000 $ 661,140,000 $ 5,000 Impaired originated loans as of March 31, 2016, and average originated impaired loans for the three months ended March 31, 2016, were as follows: First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 1,888,000 $ 1,888,000 $ 1,695,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 285,000 69,000 287,000 Real estate – non-owner occupied 5,659,000 5,659,000 5,678,000 Real estate – multi-family and residential rental 0 0 0 Total commercial 7,832,000 7,616,000 7,660,000 Retail: Home equity and other 19,000 9,000 7,000 1-4 family mortgages 1,222,000 573,000 615,000 Total retail 1,241,000 582,000 622,000 Total with no related allowance recorded $ 9,073,000 $ 8,198,000 $ 8,282,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 284,000 $ 235,000 $ 78,000 $ 270,000 Vacant land, land development and residential construction 2,010,000 1,640,000 73,000 1,648,000 Real estate – owner occupied 5,852,000 1,300,000 238,000 1,307,000 Real estate – non-owner occupied 4,754,000 4,754,000 188,000 4,798,000 Real estate – multi-family and residential rental 1,006,000 1,006,000 335,000 1,017,000 Total commercial 13,906,000 8,935,000 912,000 9,040,000 Retail: Home equity and other 511,000 470,000 140,000 516,000 1-4 family mortgages 165,000 126,000 35,000 127,000 Total retail 676,000 596,000 175,000 643,000 Total with an allowance recorded $ 14,582,000 $ 9,531,000 $ 1,087,000 $ 9,683,000 Total impaired loans: Commercial $ 21,738,000 $ 16,551,000 $ 912,000 $ 16,700,000 Retail 1,917,000 1,178,000 175,000 1,265,000 Total impaired loans $ 23,655,000 $ 17,729,000 $ 1,087,000 $ 17,965,000 Impaired acquired loans as of March 31, 2016, and average impaired acquired loans for the three months ended March 31, 2016, were as follows: First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 1,456,000 $ 1,430,000 $ 1,462,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1,885,000 1,669,000 1,811,000 Real estate – non-owner occupied 773,000 772,000 826,000 Real estate – multi-family and residential rental 405,000 282,000 343,000 Total commercial 4,519,000 4,153,000 4,442,000 Retail: Home equity and other 394,000 277,000 293,000 1-4 family mortgages 1,609,000 1,274,000 1,411,000 Total retail 2,003,000 1,551,000 1,704,000 Total with no related allowance recorded $ 6,522,000 $ 5,704,000 $ 6,146,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 391,000 $ 379,000 $ 102,000 $ 378,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 50,000 50,000 4,000 50,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 20,000 20,000 1,000 22,000 Total commercial 461,000 449,000 107,000 450,000 Retail: Home equity and other 0 0 0 0 1-4 family mortgages 0 0 0 88,000 Total retail 0 0 0 88,000 Total with an allowance recorded $ 461,000 $ 449,000 $ 107,000 $ 538,000 Total impaired loans: Commercial $ 4,980,000 $ 4,602,000 $ 107,000 $ 4,892,000 Retail 2,003,000 1,551,000 0 1,792,000 Total impaired loans $ 6,983,000 $ 6,153,000 $ 107,000 $ 6,684,000 Impaired originated loans as of December 31, 2015, and average impaired originated loans for the three months ended March 31, 2015, were as follows: First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 1,509,000 $ 1,501,000 $ 1,550,000 Vacant land, land development and residential construction 0 0 203,000 Real estate – owner occupied 712,000 505,000 1,950,000 Real estate – non-owner occupied 5,696,000 5,696,000 662,000 Real estate – multi-family and residential rental 0 0 313,000 Total commercial 7,917,000 7,702,000 4,678,000 Retail: Home equity and other 14,000 5,000 191,000 1-4 family mortgages 1,328,000 657,000 547,000 Total retail 1,342,000 662,000 738,000 Total with no related allowance recorded $ 9,259,000 $ 8,364,000 $ 5,416,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 352,000 $ 305,000 $ 165,000 $ 5,196,000 Vacant land, land development and residential construction 2,017,000 1,655,000 245,000 2,000,000 Real estate – owner occupied 5,867,000 1,314,000 242,000 15,596,000 Real estate – non-owner occupied 4,841,000 4,841,000 201,000 15,816,000 Real estate – multi-family and residential rental 1,028,000 1,028,000 365,000 1,354,000 Total commercial 14,105,000 9,143,000 1,218,000 39,962,000 Retail: Home equity and other 600,000 562,000 209,000 125,000 1-4 family mortgages 165,000 128,000 47,000 1,151,000 Total retail 765,000 690,000 256,000 1,276,000 Total with an allowance recorded $ 14,870,000 $ 9,833,000 $ 1,474,000 $ 41,238,000 Total impaired loans: Commercial $ 22,022,000 $ 16,845,000 $ 1,218,000 $ 44,640,000 Retail 2,107,000 1,352,000 256,000 2,014,000 Total impaired loans $ 24,129,000 $ 18,197,000 $ 1,474,000 $ 46,654,000 Impaired acquired loans as of December 31, 2015, and average impaired acquired loans for the three months ended March 31, 2015, were as follows: First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 1,528,000 $ 1,494,000 $ 1,267,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 2,233,000 1,952,000 160,000 Real estate – non-owner occupied 880,000 880,000 317,000 Real estate – multi-family and residential rental 452,000 404,000 714,000 Total commercial 5,093,000 4,730,000 2,458,000 Retail: Home equity and other 471,000 310,000 504,000 1-4 family mortgages 1,804,000 1,548,000 894,000 Total retail 2,275,000 1,858,000 1,398,000 Total with no related allowance recorded $ 7,368,000 $ 6,588,000 $ 3,856,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 383,000 $ 376,000 $ 102,000 $ 57,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 51,000 51,000 4,000 1,464,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 23,000 23,000 0 14,000 Total commercial 457,000 450,000 106,000 1,535,000 Retail: Home equity and other 0 0 0 0 1-4 family mortgages 175,000 175,000 6,000 142,000 Total retail 175,000 175,000 6,000 142,000 Total with an allowance recorded $ 632,000 $ 625,000 $ 112,000 $ 1,677,000 Total impaired loans: Commercial $ 5,550,000 $ 5,180,000 $ 106,000 $ 3,993,000 Retail 2,450,000 2,033,000 6,000 1,540,000 Total impaired loans $ 8,000,000 $ 7,213,000 $ 112,000 $ 5,533,000 Impaired loans for which no allocation of the allowance for loan losses has been made generally reflect situations whereby the loans have been charged-down to estimated collateral value. Interest income recognized on accruing troubled debt restructurings totaled $0.3 million and $0.4 million during the first quarter of 2016 and 2015, respectively. No interest income was recognized on nonaccrual loans during either the first quarter of 2016 or 2015. Credit Quality Indicators. Credit quality indicators were as follows as of March 31, 2016: Originated loans Commercial credit exposure – credit risk profiled by internal credit risk grades: Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 417,049,000 $ 16,694,000 $ 231,625,000 $ 434,645,000 $ 19,947,000 Grades 5 – 7 196,431,000 11,617,000 101,552,000 114,581,000 15,629,000 Grades 8 – 9 90,000 140,000 1,771,000 0 1,006,000 Total commercial $ 613,570,000 $ 28,451,000 $ 334,948,000 $ 549,226,000 $ 36,582,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 68,342,000 $ 56,357,000 Acquired loans Commercial credit exposure – credit risk profiled by internal credit risk grades: Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 51,717,000 $ 2,892,000 $ 43,806,000 $ 66,096,000 $ 42,159,000 Grades 5 – 7 46,749,000 7,811,000 58,971,000 48,792,000 33,071,000 Grades 8 – 9 2,576,000 476,000 3,937,000 1,899,000 721,000 Total commercial $ 101,042,000 $ 11,179,000 $ 106,714,000 $ 116,787,000 $ 75,951,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 67,341,000 $ 129,178,000 Credit quality indicators were as follows as of December 31, 2015: Originated loans Commercial credit exposure – credit risk profiled by internal credit risk grades: Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 417,120,000 $ 18,118,000 $ 230,629,000 $ 400,350,000 $ 19,121,000 Grades 5 – 7 160,454,000 10,365,000 98,332,000 120,404,000 13,806,000 Grades 8 – 9 298,000 1,655,000 1,837,000 0 1,027,000 Total commercial $ 577,872,000 $ 30,138,000 $ 330,798,000 $ 520,754,000 $ 33,954,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 67,816,000 $ 55,255,000 Acquired loans Commercial credit exposure – credit risk profiled by internal credit risk grades: Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 67,978,000 $ 3,095,000 $ 45,807,000 $ 71,197,000 $ 44,763,000 Grades 5 – 7 47,589,000 11,364,000 63,563,000 50,066,000 35,288,000 Grades 8 – 9 2,864,000 523,000 5,751,000 2,334,000 998,000 Total commercial $ 118,431,000 $ 14,982,000 $ 115,121,000 $ 123,597,000 $ 81,049,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 72,830,000 $ 135,130,000 All commercial loans are graded using the following criteria: Grade 1. Excellent credit rating that contain very little, if any, risk of loss. Grade 2. Strong sources of repayment and have low repayment risk. Grade 3. Good sources of repayment and have limited repayment risk. Grade 4. Adequate sources of repayment and acceptable repayment risk; however, characteristics are present that render the credit more vulnerable to a negative event. Grade 5. Marginally acceptable sources of repayment and exhibit defined weaknesses and negative characteristics. Grade 6. Well defined weaknesses which may include negative current cash flow, high leverage, or operating losses. Generally, if the credit does not stabilize or if further deterioration is observed in the near term, the loan will likely be downgraded and placed on the Watch List (i.e., list of lending relationships that receive increased scrutiny and review by the Board of Directors and senior management). Grade 7. Defined weaknesses or negative trends that merit close monitoring through Watch List status. Grade 8. Inadequately protected by current sound net worth, paying capacity of the obligor, or pledged collateral, resulting in a distinct possibility of loss requiring close monitoring through Watch List status. Grade 9. Vital weaknesses exist where collection of principal is highly questionable. Grade 10. Considered uncollectable and of such little value that continuance as an asset is not warranted. The primary risk elements with respect to commercial loans are the financial condition of the borrower, the sufficiency of collateral, and timeliness of scheduled payments. We have a policy of requesting and reviewing periodic financial statements from commercial loan customers and employ a disciplined and formalized review of the existence of collateral and its value. The primary risk element with respect to each residential real estate loan and consumer loan is the timeliness of scheduled payments. We have a reporting system that monitors past due loans and have adopted policies to pursue creditor’s rights in order to preserve our collateral position. Activity in the allowance for loan losses and the recorded investments in originated loans as of and during the three months ended March 31, 2016 are as follows: Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 13,672,000 $ 1,421,000 $ 140,000 $ 15,233,000 Provision for loan losses 94,000 503,000 74,000 671,000 Charge-offs (89,000 ) (386,000 ) 0 (475,000 ) Recoveries 247,000 296,000 0 543,000 Ending balance $ 13,924,000 $ 1,834,000 $ 214,000 $ 15,972,000 Ending balance: individually evaluated for impairment $ 913,000 $ 175,000 $ 0 $ 1,088,000 Ending balance: collectively evaluated for impairment $ 13,011,000 $ 1,659,000 $ 214,000 $ 14,884,000 Total loans: Ending balance $ 1,562,777,000 $ 124,699,000 $ 1,687,476,000 Ending balance: individually evaluated for impairment $ 16,551,000 $ 1,178,000 $ 17,729,000 Ending balance: collectively evaluated for impairment $ 1,546,226,000 $ 123,521,000 $ 1,669,747,000 Activity in the allowance for loan losses for acquired loans during the three months ended March 31, 2016 is as follows: Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 420,000 $ 28,000 $ 0 $ 448,000 Provision for loan losses (110,000 ) 39,000 0 (71,000 ) Charge-offs 0 0 0 0 Recoveries (44,000 ) (43,000 ) 0 (87,000 ) Ending balance $ 266,000 $ 24,000 $ 0 $ 290,000 The negative loan recoveries reflected for acquired loans during the first three months of 2016 resulted from reversals of prior-period recoveries associated with certain purchased credit impaired (“PCI”) loans that were subject to pre-acquisition charge-offs. Post-acquisition payments received on these PCI loans were incorrectly reported as loan loss recoveries in prior periods; during the first quarter of 2016, these recoveries were reversed and properly reported as recovery income if associated with specifically reviewed PCI loans or retained gains if associated with PCI-pooled loans. Activity in the allowance for loan losses and the recorded investments in originated loans as of and during the three months ended March 31, 2015 are as follows: Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 17,736,000 $ 1,487,000 $ 76,000 $ 19,299,000 Provision for loan losses (499,000 ) 79,000 (37,000 ) (457,000 ) Charge-offs (78,000 ) (363,000 ) 0 (441,000 ) Recoveries 1,818,000 32,000 0 1,850,000 Ending balance $ 18,977,000 $ 1,235,000 $ 39,000 $ 20,251,000 Ending balance: individually evaluated for impairment $ 10,158,000 $ 208,000 $ 0 $ 10,366,000 Ending balance: collectively evaluated for impairment $ 8,819,000 $ 1,027,000 $ 39,000 $ 9,885,000 Total loans: Ending balance $ 1,230,841,000 $ 97,872,000 $ 1,328,713,000 Ending balance: individually evaluated for impairment $ 44,257,000 $ 1,193,000 $ 45,450,000 Ending balance: collectively evaluated for impairment $ 1,186,584,000 $ 96,679,000 $ 1,283,263,000 Activity in the allowance for loan losses for acquired loans during the three months ended March 31, 2015 is as follows: Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 681,000 $ 61,000 $ 0 $ 742,000 Provision for loan losses (60,000 ) 117,000 0 57,000 Charge-offs 0 (7,000 ) 0 (7,000 ) Recoveries 1,000 6,000 0 7,000 Ending balance $ 622,000 $ 177,000 $ 0 $ 799,000 In accordance with acquisition accounting rules, acquired loans were recorded at fair value at the merger date and the prior allowance was eliminated. Loans modified as troubled debt restructurings during the three months ended March 31, 2016 were as follows: Pre- Post- Modification Modification Recorded Recorded Number of Principal Principal Contracts Balance Balance Originated loans Commercial: Commercial and industrial 1 $ 20,000 $ 20,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 1 20,000 20,000 Retail: Home equity and other 0 0 0 1-4 family mortgages 0 0 0 Total originated retail 0 0 0 Total originated loans 1 $ 20,000 $ 20,000 Acquired loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 0 0 0 Retail: Home equity and other 1 26,000 26,000 1-4 family mortgages 1 19,000 19,000 Tota |
Note 4 - Premises and Equipment
Note 4 - Premises and Equipment, Net | 3 Months Ended |
Mar. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment Disclosure [Text Block] | Table Of Contents 4. PREMISES AND EQUIPMENT, NET Premises and equipment are comprised of the following: March 31, December 31, 2016 2015 Land and improvements $ 16,438,000 $ 16,529,000 Buildings 39,223,000 39,394,000 Furniture and equipment 16,960,000 16,978,000 72,621,000 72,901,000 Less: accumulated depreciation 26,658,000 26,039,000 Premises and equipment, net $ 45,963,000 $ 46,862,000 Depreciation expense totaled $0.7 million during the first quarter of 2016, compared to $0.8 million during the first quarter of 2015. |
Note 5 - Deposits
Note 5 - Deposits | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Deposit Liabilities Disclosures [Text Block] | 5. DEPOSITS Our total deposits at March 31, 2016 totaled $2.27 billion, a decrease of $10.3 million, or 0.5%, from December 31, 2015. The components of our outstanding balances at March 31, 2016 and December 31, 2015, and percentage change in deposits from the end of 2015 to the end of the first quarter of 2016, are as follows: Percent March 31, 2016 December 31, 2015 Increase Balance % Balance % (Decrease) Noninterest-bearing demand $ 678,100,000 29.9 % $ 674,568,000 29.6 % 0.5 % Interest-bearing checking 372,519,000 16.4 403,354,000 17.7 (7.6 ) Money market 309,906,000 13.7 274,395,000 12.1 12.9 Savings 339,089,000 15.0 332,794,000 14.6 1.9 Time, under $100,000 152,008,000 6.7 155,655,000 6.9 (2.3 ) Time, $100,000 and over 309,842,000 13.7 313,247,000 13.8 (1.1 ) 2,161,464,000 95.4 2,154,013,000 94.7 0.3 Out-of-area time, under $100,000 149,000 < 0.1 149,000 < 0.1 0.0 Out-of-area time, $100,000 and over 103,509,000 4.6 121,220,000 5.3 (14.6 ) 103,658,000 4.6 121,369,000 5.3 (14.6 ) Total deposits $ 2,265,122,000 100.0 % $ 2,275,382,000 100.0 % (0.5% ) |
Note 6 - Securities Sold Under
Note 6 - Securities Sold Under Agreements to Repurchase | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | 6. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase (“repurchase agreements”) are offered principally to certain large deposit customers. Information relating to our repurchase agreements follows: Three Months Ended Twelve Months Ended March 31, 2016 December 31, 2015 Outstanding balance at end of period $ 162,312,000 $ 154,771,000 Average interest rate at end of period 0.11 % 0.11 % Average daily balance during the period $ 158,281,000 $ 146,826,000 Average interest rate during the period 0.11 % 0.11 % Maximum daily balance during the period $ 175,088,000 $ 168,211,000 Repurchase agreements generally have original maturities of less than one year. Repurchase agreements are treated as financings and the obligations to repurchase securities sold are reflected as liabilities. Securities involved with the agreements are recorded as assets of our bank and are held in safekeeping by a correspondent bank. Repurchase agreements are secured by securities with an aggregate market value equal to the aggregate outstanding balance. |
Note 7 - Federal Home Loan Bank
Note 7 - Federal Home Loan Bank Advances | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | 7. FEDERAL HOME LOAN BANK OF INDIANAPOLIS ADVANCES Federal Home Loan Bank of Indianapolis (“FHLBI”) advances totaled $98.0 million at March 31, 2016, and mature at varying dates from December 2016 through January 2023, with fixed rates of interest from 1.22% to 2.11% and averaging 1.53%. FHLBI advances totaled $68.0 million at December 31, 2015, and were to mature at varying dates ranging from December 2016 through August 2022, with fixed rates of interest from 1.22% to 2.11% and averaging 1.49%. Each advance is payable at its maturity date and is subject to a prepayment fee if paid prior to the maturity date. The advances are collateralized by residential mortgage loans, first mortgage liens on multi-family residential property loans, first mortgage liens on commercial real estate property loans, and substantially all other assets of our bank, under a blanket lien arrangement. Our borrowing line of credit as of March 31, 2016 totaled about $499 million, with availability based on collateral approximating $401 million. Maturities of currently outstanding FHLBI advances are as follows: 2016 $ 3,000,000 2017 45,000,000 2018 0 2019 10,000,000 2020 10,000,000 Thereafter 30,000,000 |
Note 8 - Commitments and Off-ba
Note 8 - Commitments and Off-balance Sheet Risk | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block Supplement [Abstract] | |
Commitments Contingencies and Guarantees [Text Block] | 8. COMMITMENTS AND OFF-BALANCE SHEET RISK Our bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Loan commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Standby letters of credit are conditional commitments issued by our bank to guarantee the performance of a customer to a third party. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized, if any, in the balance sheet. Our bank’s maximum exposure to loan loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. Our bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Collateral, such as accounts receivable, securities, inventory, and property and equipment, is generally obtained based on our credit assessment of the borrower. If required, estimated loss exposure resulting from these instruments is expensed and is generally recorded as a liability. There was no reserve or liability balance for these instruments as of March 31, 2016 and December 31, 2015. A summary of the contractual amounts of our financial instruments with off-balance sheet risk at March 31, 2016 and December 31, 2015 follows: March 31, December 31, 2016 2015 Commercial unused lines of credit $ 501,735,000 $ 522,658,000 Unused lines of credit secured by 1 – 4 family residential properties 62,364,000 61,905,000 Credit card unused lines of credit 16,874,000 15,612,000 Other consumer unused lines of credit 6,497,000 8,583,000 Commitments to make loans 218,392,000 178,034,000 Standby letters of credit 33,567,000 34,946,000 $ 839,429,000 $ 821,738,000 Certain of our commercial loan customers have entered into interest rate swap agreements directly with our correspondent banks. To assist our commercial loan customers in these transactions, and to encourage our correspondent banks to enter into the interest rate swap transactions with minimal credit underwriting analyses on their part, we have entered into risk participation agreements with the correspondent banks whereby we agree to make payments to the correspondent banks owed by our commercial loan customers under the interest rate swap agreement in the event that our commercial loan customers do not make the payments. We are not a party to the interest rate swap agreements under these arrangements. As of March 31, 2016, the total notional amount of the underlying interest rate swap agreements was $14.5 million, with a net fair value from our commercial loan customers’ perspective of negative $2.5 million. These risk participation agreements are considered financial guarantees in accordance with applicable accounting guidance and are therefore recorded as liabilities at fair value, generally equal to the fees collected at the time of their execution. These liabilities are accreted into income during the term of the interest rate swap agreements, generally ranging from four to fifteen years. |
Note 9 - Hedging Activities
Note 9 - Hedging Activities | 3 Months Ended |
Mar. 31, 2016 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | 9. HEDGING ACTIVITIES Our interest rate risk policy includes guidelines for measuring and monitoring interest rate risk. Within these guidelines, parameters have been established for maximum fluctuations in net interest income. Possible fluctuations are measured and monitored using net interest income simulation. Our policy provides for the use of certain derivative instruments and hedging activities to aid in managing interest rate risk to within the policy parameters. In February 2012, we entered into an interest rate swap agreement with a correspondent bank to hedge the floating rate on our subordinated debentures, which became effective in January 2013 and matures in January 2018. Our $32.0 million of subordinated debentures have a rate equal to the 90-Day Libor Rate plus a fixed spread of 218 basis points, and are subject to repricing quarterly. The interest rate swap agreement provides for us to pay our correspondent bank a fixed rate, while our correspondent bank will pay us the 90-Day Libor Rate on a $32.0 million notional amount. The quarterly re-set dates for the floating rate on the interest rate swap agreement are the same as the re-set dates for the floating rate on the subordinated debentures. The interest rate swap agreement does qualify for hedge accounting; therefore, monthly fluctuations in the present value of the interest rate swap agreement, net of tax effect, are recorded to other comprehensive income. As of March 31, 2016 and December 31, 2015, the fair value of the interest rate swap agreement was recorded as a liability in the amount of $0.3 million. Effective January 26, 2016, the notional amount of the interest rate swap agreement was reduced from $32.0 million down to $21.0 million, reflecting the $11.0 million repurchase of the associated trust preferred securities on that date. We reclassified out of accumulated other comprehensive income and recorded interest expense of approximately $0.2 million in January 2016 as part of the transaction, reflecting the market value (i.e., present value of expected future cash flows) of the interest rate swap on that date of the $11.0 million portion. |
Note 10 - Fair Values of Financ
Note 10 - Fair Values of Financial Instruments | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | 10. FAIR VALUES OF FINANCIAL INSTRUMENTS The carrying amounts, estimated fair values and level within the fair value hierarchy of financial instruments were as follows as of March 31, 2016 and December 31, 2015 (dollars in thousands): Level in March 31, 2016 December 31, 2015 Fair Value Carrying Fair Carrying Fair Hierarchy Values Values Values Values Financial assets: Cash Level 1 $ 12,146 $ 12,146 $ 12,496 $ 12,496 Cash equivalents Level 2 89,035 89,035 77,395 77,395 Securities available for sale (1) 343,805 343,805 346,992 346,992 FHLBI stock (2) 7,567 7,567 7,567 7,567 Loans, net Level 3 2,278,862 2,275,910 2,260,730 2,259,710 Loans held for sale Level 2 544 544 1,316 1,316 Bank owned life insurance Level 2 59,248 59,248 58,971 58,971 Accrued interest receivable Level 2 8,202 8,202 7,836 7,836 Financial liabilities: Deposits Level 2 2,265,122 2,205,359 2,275,382 2,208,724 Repurchase agreements Level 2 162,312 162,312 154,771 154,771 FHLBI advances Level 2 98,000 99,553 68,000 68,858 Subordinated debentures Level 2 44,324 44,345 55,154 55,760 Accrued interest payable Level 2 1,422 1,422 1,479 1,479 Interest rate swap (1) 274 274 253 253 (1) See Note 11 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. (2) It is not practical to determine the fair value of FHLBI stock due to transferability restrictions. Carrying amount is the estimated fair value for cash and cash equivalents, accrued interest receivable and payable, bank owned life insurance, noninterest checking deposits, securities sold under agreements to repurchase, and variable rate loans and deposits that reprice frequently and fully. Security fair values are based on market prices or dealer quotes, and if no such information is available, on the rate and term of the security and information about the issuer. For fixed rate loans and deposits and for variable rate loans and deposits with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. Fair value of subordinated debentures and FHLBI advances is based on current rates for similar financing. Fair value of the interest rate swap is determined primarily utilizing market-consensus forecasted yield curves. Fair value of off-balance sheet items is estimated to be nominal. |
Note 11 - Fair Values
Note 11 - Fair Values | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Fair Value, Measurement Inputs, Disclosure [Text Block] | Table Of Contents 11. FAIR VALUES Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability, or in the absence of a principal market, the most advantageous market for the asset or liability. The price of the principal (or most advantageous) market used to measure the fair value of the asset or liability is not adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. We are required to use valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from independent sources, or unobservable, meaning those that reflect our own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. In that regard, we utilize a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that we have the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable or can be derived from or corroborated by observable market data by correlation or other means. Level 3: Significant unobservable inputs that reflect our own conclusions about the assumptions that market participants would use in pricing an asset or liability. The following is a description of our valuation methodologies used to measure and disclose the fair values of our financial assets and liabilities that are recorded at fair value on a recurring or nonrecurring basis: Securities available for sale. Derivatives Mortgage loans held for sale Loans Foreclosed Assets. Assets and Liabilities Measured at Fair Value on a Recurring Basis The balances of assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 are as follows: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Available for sale securities U.S. Government agency debt obligations $ 142,896,000 $ 0 $ 142,896,000 $ 0 Mortgage-backed securities 62,461,000 0 62,461,000 0 Municipal general obligation bonds 127,594,000 0 119,175,000 8,419,000 Municipal revenue bonds 8,885,000 0 8,885,000 0 Other investments 1,969,000 0 1,969,000 0 Interest rate swap (274,000 ) 0 (274,000 ) 0 Total $ 343,531,000 $ 0 $ 335,112,000 $ 8,419,000 There were no transfers in or out of Level 1, Level 2 or Level 3 during the first three months of 2016. The balances of assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 are as follows: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Available for sale securities U.S. Government agency debt obligations $ 147,040,000 $ 0 $ 147,040,000 $ 0 Mortgage-backed securities 67,074,000 0 67,074,000 0 Municipal general obligation bonds 122,023,000 0 113,604,000 8,419,000 Municipal revenue bonds 8,914,000 0 8,914,000 0 Other investments 1,941,000 0 1,941,000 0 Interest rate swap (253,000 ) 0 (253,000 ) 0 Total $ 346,739,000 $ 0 $ 338,320,000 $ 8,419,000 There were no transfers in or out of Level 1, Level 2 or Level 3 during 2015. Assets and Liabilities Measured at Fair Value on a Nonr ecurring Basis The balances of assets and liabilities measured at fair value on a nonrecurring basis as of March 31, 2016 are as follows: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Impaired loans (1) $ 8,960,000 $ 0 $ 0 $ 8,960,000 Foreclosed assets (1) 1,478,000 0 0 1,478,000 Total $ 10,438,000 $ 0 $ 0 $ 10,438,000 The balances of assets and liabilities measured at fair value on a nonrecurring basis as of December 31, 2015 are as follows: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Impaired loans (1) $ 8,970,000 $ 0 $ 0 $ 8,970,000 Foreclosed assets (1) 1,293,000 0 0 1,293,000 Total $ 10,263,000 $ 0 $ 0 $ 10,263,000 (1) Represents carrying value and related write-downs for which adjustments are based on the estimated value of the property or other assets. |
Note 12 - Regulatory Matters
Note 12 - Regulatory Matters | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | 12. REGULATORY MATTERS We are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings, and other factors, and the regulators can lower classifications in certain cases. Failure to meet various capital requirements can initiate regulatory action that could have a direct material effect on our financial statements. The prompt corrective action regulations provide five classifications, including well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If an institution is not well capitalized, regulatory approval is required to accept brokered deposits. Subject to limited exceptions, no institution may make a capital distribution if, after making the distribution, it would be undercapitalized. If an institution is undercapitalized, it is subject to close monitoring by its principal federal regulator, its asset growth and expansion are restricted, and plans for capital restoration are required. In addition, further specific types of restrictions may be imposed on the institution at the discretion of the federal regulator. At March 31, 2016 and December 31, 2015, our bank was in the well capitalized category under the regulatory framework for prompt corrective action. There are no conditions or events since March 31, 2016 that we believe have changed our bank’s categorization. Our actual capital levels (dollars in thousands) and the minimum levels required to be categorized as adequately and well capitalized were: Minimum Required to be Well Minimum Required Capitalized Under for Capital Prompt Corrective Actual Adequacy Purposes Action Regulations Amount Ratio Amount Ratio Amount Ratio March 31, 2016 Total capital (to risk Consolidated $ 340,557 13.1 % $ 207,722 8.0 % $ NA NA Bank 340,668 13.1 207,495 8.0 259,369 10.0 % Tier 1 capital (to risk Consolidated 324,296 12.5 155,792 6.0 NA NA Bank 324,406 12.5 155,622 6.0 207,495 8.0 Common equity tier 1 Consolidated 282,044 10.9 116,844 4.5 NA NA Bank 324,406 12.5 116,716 4.5 168,590 6.5 Tier 1 capital (to average assets) Consolidated 324,296 11.4 113,529 4.0 NA NA Bank 324,406 11.4 113,448 4.0 141,810 5.0 Minimum Required to be Well Minimum Required Capitalized Under for Capital Prompt Corrective Actual Adequacy Purposes Action Regulations Amount Ratio Amount Ratio Amount Ratio December 31, 2015 Total capital (to risk weighted assets) Consolidated $ 345,539 13.5 % $ 205,602 8.0 % $ NA NA Bank 347,433 13.5 205,624 8.0 257,030 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 329,858 12.8 154,201 6.0 NA NA Bank 331,752 12.9 154,218 6.0 205,624 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 280,171 10.9 115,804 4.5 NA NA Bank 331,752 12.9 115,664 4.5 167,070 6.5 Tier 1 capital (to average assets) Consolidated 329,858 11.6 114,138 4.0 NA NA Bank 331,752 11.6 114,280 4.0 142,850 5.0 Our consolidated capital levels as of March 31, 2016 and December 31, 2015 include $42.3 million and $53.1 million, respectively, of trust preferred securities subject to certain limitations. Under applicable Federal Reserve guidelines, the trust preferred securities constitute a restricted core capital element. The guidelines provide that the aggregate amount of restricted core elements that may be included in our Tier 1 capital must not exceed 25% of the sum of all core capital elements, including restricted core capital elements, net of goodwill less any associated deferred tax liability. Our ability to include the trust preferred securities in Tier 1 capital in accordance with the guidelines is not affected by the provision of the Dodd-Frank Act generally restricting such treatment, because (i) the trust preferred securities were issued before May 19, 2010, and (ii) our total consolidated assets as of December 31, 2009 were less than $15.0 billion. As of March 31, 2016 and December 31, 2015, all $42.3 million and $53.1 million, respectively, of the trust preferred securities were included in our consolidated Tier 1 capital. Our regulatory capital calculations and the minimum requirements to be categorized as well capitalized and adequately capitalized under the prompt corrective action regulations were impacted by BASEL III, which became effective January 1, 2015 and are included in the tables above. The net impact on our regulatory capital ratios and our overall capital position was not material. On January 26, 2016, we closed on a repurchase of trust preferred securities that were auctioned as part of a pooled collateralized debt obligation (“Fund”). The Fund owned $11.0 million of the $32.0 million in trust preferred securities that had been issued by Mercantile Bank Capital Trust I, a wholly-owned business trust subsidiary. The $11.0 million in trust preferred securities was retired upon the repurchase, resulting in a commensurate reduction in the related Floating Rate Junior Subordinate Note, leaving $21.0 million outstanding. Our accepted bid equated to 73% of the $11.0 million par value, with the 27% discount resulting in a pre-tax gain of approximately $3.0 million (after-tax gain of approximately $1.8 million, or $0.11 per diluted share). On a pro forma basis as of December 31, 2015, the repurchase resulted in a nine basis point increase in our tangible equity to tangible assets ratio and an $0.11 increase in our tangible book value per share, but an approximately 35 basis point decline in our regulatory tier 1 capital and total risk-based capital ratios. The repurchase was funded via a cash dividend from our bank, resulting in a similar decline of approximately 35 basis points in the regulatory capital ratios. Subsequent to the repurchase, the regulatory capital ratios of both Mercantile and our bank remained well above the minimum thresholds to be categorized as well capitalized. Our and our bank’s ability to pay cash and stock dividends is subject to limitations under various laws and regulations and to prudent and sound banking practices. On January 14, 2016, our Board of Directors declared a cash dividend on our common stock in the amount of $0.16 per share that was paid on March 23, 2016 to shareholders of record as of March 11, 2016. On April 14, 2016, our Board of Directors declared a cash dividend on our common stock in the amount of $0.16 per share that will be paid on June 23, 2016 to shareholders of record as of June 10, 2016. On January 30, 2015, we announced that our Board of Directors had authorized a new program to repurchase up to $20.0 million of our common stock from time to time in open market transactions at prevailing market prices or by other means in accordance with applicable regulations. During the first three months of 2016, we purchased approximately 148,000 shares of common stock at an average price of $22.07, totaling about $3.3 million. Since the program’s inception, we have purchased approximately 936,000 shares of common stock at an average price of $20.32, totaling about $19.0 million. On April 19, 2016, we announced that our Board of Directors had authorized a $15.0 million expansion of the existing common stock repurchase program. All common stock repurchases to date have been funded from cash dividends paid to us from our bank, and we expect future common stock repurchases to be funded in the same manner. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation We have five separate business trusts that were formed to issue trust preferred securities. Subordinated debentures were issued to the trusts in return for the proceeds raised from the issuance of the trust preferred securities. The trusts are not consolidated, but instead we report the subordinated debentures issued to the trusts as a liability. |
Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share Approximately 150,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three months ended March 31, 2016. In addition, stock options for approximately 118,000 shares of common stock were included in determining diluted earnings per share for the three months ended March 31, 2016. Stock options for approximately 10,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three months ended March 31, 2016. Approximately 101,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three months ended March 31, 2015. In addition, stock options for approximately 121,000 shares of common stock were included in determining diluted earnings per share for the three months ended March 31, 2015. Stock options for approximately 118,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three months ended March 31, 2015. Securities Interest income includes amortization of purchase premiums and accretion of discounts. Premiums and discounts on securities are amortized or accreted on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Declines in the fair value of debt securities below their amortized cost that are other than temporary (“OTTI”) are reflected in earnings or other comprehensive income, as appropriate. For those debt securities whose fair value is less than their amortized cost, we consider our intent to sell the security, whether it is more likely than not that we will be required to sell the security before recovery and whether we expect to recover the entire amortized cost of the security based on our assessment of the issuer’s financial condition. In analyzing an issuer’s financial condition, we consider whether the securities are issued by the federal government or its agencies, and whether downgrades by bond rating agencies have occurred. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement, and 2) OTTI related to other factors, such as liquidity conditions in the market or changes in market interest rates, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost. Loans Interest income on commercial loans and mortgage loans is discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Consumer and credit card loans are typically charged off no later than when they are 120 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal and interest is considered doubtful. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Loans Held for Sale Mortgage loans held for sale are generally sold with servicing rights retained. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold, which is reduced by the cost allocated to the servicing right. We generally lock in the sale price to the purchaser of the loan at the same time we make a rate commitment to the borrower. These mortgage banking activities are not designated as hedges and are carried at fair value. The net gain or loss on mortgage banking derivatives is included in the gain on sale of loans. Mortgage loans serviced for others totaled approximately $600 million as of March 31, 2016. Mortgage Banking Activities Servicing fee income is recorded for fees earned for serving mortgage loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. Amortization of mortgage loan servicing rights is netted against mortgage loan servicing income and recorded in mortgage banking activities in the income statement. Troubled Debt Restructurings In accordance with current accounting guidance, loans modified as troubled debt restructurings are, by definition, considered to be impaired loans. Impairment for these loans is measured on a loan-by-loan basis similar to other impaired loans as described below under “Allowance for Loan Losses.” Certain loans modified as troubled debt restructurings may have been previously measured for impairment under a general allowance methodology (i.e. |
Marketable Securities, Policy [Policy Text Block] | Securities Interest income includes amortization of purchase premiums and accretion of discounts. Premiums and discounts on securities are amortized or accreted on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Declines in the fair value of debt securities below their amortized cost that are other than temporary (“OTTI”) are reflected in earnings or other comprehensive income, as appropriate. For those debt securities whose fair value is less than their amortized cost, we consider our intent to sell the security, whether it is more likely than not that we will be required to sell the security before recovery and whether we expect to recover the entire amortized cost of the security based on our assessment of the issuer’s financial condition. In analyzing an issuer’s financial condition, we consider whether the securities are issued by the federal government or its agencies, and whether downgrades by bond rating agencies have occurred. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement, and 2) OTTI related to other factors, such as liquidity conditions in the market or changes in market interest rates, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost. |
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block] | Loans Interest income on commercial loans and mortgage loans is discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Consumer and credit card loans are typically charged off no later than when they are 120 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal and interest is considered doubtful. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. |
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | Loans Held for Sale Mortgage loans held for sale are generally sold with servicing rights retained. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold, which is reduced by the cost allocated to the servicing right. We generally lock in the sale price to the purchaser of the loan at the same time we make a rate commitment to the borrower. These mortgage banking activities are not designated as hedges and are carried at fair value. The net gain or loss on mortgage banking derivatives is included in the gain on sale of loans. Mortgage loans serviced for others totaled approximately $600 million as of March 31, 2016. |
Loans and Leases Receivable, Mortgage Banking Activities, Policy [Policy Text Block] | Mortgage Banking Activities Servicing fee income is recorded for fees earned for serving mortgage loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. Amortization of mortgage loan servicing rights is netted against mortgage loan servicing income and recorded in mortgage banking activities in the income statement. |
Loans and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block] | Troubled Debt Restructurings In accordance with current accounting guidance, loans modified as troubled debt restructurings are, by definition, considered to be impaired loans. Impairment for these loans is measured on a loan-by-loan basis similar to other impaired loans as described below under “Allowance for Loan Losses.” Certain loans modified as troubled debt restructurings may have been previously measured for impairment under a general allowance methodology (i.e., pooling), thus at the time the loan is modified as a troubled debt restructuring the allowance will be impacted by the difference between the results of these two measurement methodologies. Loans modified as troubled debt restructurings that subsequently default are factored into the determination of the allowance in the same manner as other defaulted loans. |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses A loan is considered to be impaired when, based on current information and events, it is probable we will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of delay, the reasons for delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of collateral if the loan is collateral dependent. |
Derivatives, Policy [Policy Text Block] | Derivatives Changes in the fair value of derivatives that are designated, for accounting purposes, as a hedge of the variability of cash flows to be received on various loans and are effective are reported in other comprehensive income. They are later reclassified into earnings in the same periods during which the hedged transaction affects earnings and are included in the line item in which the hedged cash flows are recorded. If hedge accounting does not apply, changes in the fair value of derivatives are recognized immediately in current earnings as interest income or expense. If designated as a hedge, we formally document the relationship between derivatives as hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet. If designated as a hedge, we also formally assess, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. Ineffective hedge gains and losses are recognized immediately in current earnings as noninterest income or expense. We discontinue hedge accounting when we determine the derivative is no longer effective in offsetting changes in the cash flows of the hedged item, the derivative is settled or terminates, or treatment of the derivative as a hedge is no longer appropriate or intended. |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Core Deposit Intangible The core deposit intangible that arose from the Firstbank Corporation acquisition was initially measured at fair value and is being amortized into noninterest expense over a ten-year period using the sum-of-the-years-digits methodology. |
New Accounting Pronouncements, Policy [Policy Text Block] | Adoption of New Accounting Standards: Revenue from Contracts with Customers Revenue from Contracts with Customers – Deferral of Effective Date In January 2016, the FASB issued ASU 2016-1, Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU 2016-02, Leases In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting |
Note 2 - Securities (Tables)
Note 2 - Securities (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Available-for-sale Securities [Table Text Block] | Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2016 U.S. Government agency debt obligations $ 141,400,000 $ 2,076,000 $ (580,000 ) $ 142,896,000 Mortgage-backed securities 61,744,000 828,000 (111,000 ) 62,461,000 Municipal general obligation bonds 125,794,000 1,948,000 (148,000 ) 127,594,000 Municipal revenue bonds 8,798,000 87,000 0 8,885,000 Other investments 1,954,000 15,000 0 1,969,000 $ 339,690,000 $ 4,954,000 $ (839,000 ) $ 343,805,000 December 31, 2015 U.S. Government agency debt obligations $ 146,660,000 $ 1,932,000 $ (1,552,000 ) $ 147,040,000 Mortgage-backed securities 66,670,000 708,000 (304,000 ) 67,074,000 Municipal general obligation bonds 120,679,000 1,549,000 (205,000 ) 122,023,000 Municipal revenue bonds 8,841,000 76,000 (3,000 ) 8,914,000 Other investments 1,946,000 0 (5,000 ) 1,941,000 $ 344,796,000 $ 4,265,000 $ (2,069,000 ) $ 346,992,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss March 31, 2016 U.S. Government agency debt obligations $ 7,046,000 $ 114,000 $ 42,601,000 $ 466,000 $ 49,647,000 $ 580,000 Mortgage-backed securities 7,942,000 36,000 17,055,000 75,000 24,997,000 111,000 Municipal general obligation bonds 3,054,000 22,000 10,551,000 126,000 13,605,000 148,000 Municipal revenue bonds 0 0 121,000 < 1,000 121,000 < 1,000 Other investments 0 0 0 0 0 0 $ 18,042,000 $ 172,000 $ 70,328,000 $ 667,000 $ 88,370,000 $ 839,000 Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2015 U.S. Government agency debt obligations $ 0 $ 0 $ 76,496,000 $ 1,552,000 $ 76,496,000 $ 1,552,000 Mortgage-backed securities 18,025,000 69,000 34,660,000 235,000 52,685,000 304,000 Municipal general obligation bonds 1,981,000 4,000 30,134,000 201,000 32,115,000 205,000 Municipal revenue bonds 0 0 1,134,000 3,000 1,134,000 3,000 Other investments 1,446,000 5,000 0 0 1,446,000 5,000 $ 21,452,000 $ 78,000 $ 142,424,000 $ 1,991,000 $ 163,876,000 $ 2,069,000 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Weighted Average Amortized Fair Yield Cost Value Due in 2016 1.47 % $ 36,231,000 $ 36,259,000 Due in 2017 through 2021 1.76 122,550,000 123,425,000 Due in 2022 through 2026 3.25 52,425,000 53,629,000 Due in 2027 and beyond 3.48 64,786,000 66,062,000 Mortgage-backed securities 1.77 61,744,000 62,461,000 Other investments 1.53 1,954,000 1,969,000 2.29 % $ 339,690,000 $ 343,805,000 |
Note 3 - Loans and Allowance 23
Note 3 - Loans and Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Percent March 31, 2016 December 31, 2015 Increase Balance % Balance % (Decrease) Originated loans Commercial: Commercial and industrial $ 613,570,000 36.4 % $ 577,872,000 35.7 % 6.2 % Vacant land, land development, and residential construction 28,451,000 1.7 30,138,000 1.9 (5.6 ) Real estate – owner occupied 334,948,000 19.8 330,798,000 20.5 1.3 Real estate – non-owner occupied 549,226,000 32.5 520,754,000 32.2 5.5 Real estate – multi-family and residential rental 36,582,000 2.2 33,954,000 2.1 7.7 Total commercial 1,562,777,000 92.6 1,493,516,000 92.4 4.6 Retail: Home equity and other 68,342,000 4.1 67,816,000 4.2 0.8 1-4 family mortgages 56,357,000 3.3 55,255,000 3.4 2.0 Total retail 124,699,000 7.4 123,071,000 7.6 1.3 Total originated loans $ 1,687,476,000 100.0 % $ 1,616,587,000 100.0 % 4.4 % Percent March 31, 2016 December 31, 2015 Increase Balance % Balance % (Decrease) Acquired loans Commercial: Commercial and industrial $ 101,042,000 16.6 % $ 118,431,000 17.9 % (14.7% ) Vacant land, land development, and residential construction 11,179,000 1.9 14,982,000 2.3 (25.4 ) Real estate – owner occupied 106,714,000 17.5 115,121,000 17.4 (7.3 ) Real estate – non-owner occupied 116,787,000 19.2 123,597,000 18.7 (5.5 ) Real estate – multi-family and residential rental 75,951,000 12.5 81,049,000 12.3 (6.3 ) Total commercial 411,673,000 67.7 453,180,000 68.6 (9.2 ) Retail: Home equity and other 67,341,000 11.1 72,830,000 11.0 (7.5 ) 1-4 family mortgages 129,178,000 21.2 135,130,000 20.4 (4.4 ) Total retail 196,519,000 32.3 207,960,000 31.4 (5.5 ) Total acquired loans $ 608,192,000 100.0 % $ 661,140,000 100.0 % (8.0% ) Percent March 31, 2016 December 31, 2015 Increase Balance % Balance % (Decrease) Total loans Commercial: Commercial and industrial $ 714,612,000 31.1 % $ 696,303,000 30.6 % 2.6 % Vacant land, land development, and residential construction 39,630,000 1.7 45,120,000 2.0 (12.2 ) Real estate – owner occupied 441,662,000 19.3 445,919,000 19.6 (1.0 ) Real estate – non-owner occupied 666,013,000 29.0 644,351,000 28.3 3.4 Real estate – multi-family and residential rental 112,533,000 4.9 115,003,000 5.0 (2.1 ) Total commercial 1,974,450,000 86.0 1,946,696,000 85.5 1.4 Retail: Home equity and other 135,683,000 5.9 140,646,000 6.2 (3.5 ) 1-4 family mortgages 185,535,000 8.1 190,385,000 8.3 (2.5 ) Total retail 321,218,000 14.0 331,031,000 14.5 (3.0 ) Total loans $ 2,295,668,000 100.0 % $ 2,277,727,000 100.0 % 0.8 % |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Accretable Yield Movement [Table Text Block] | Balance at December 31, 2015 $ 5,193,000 Additions 21,000 Accretion income (680,000 ) Net reclassification from nonaccretable to accretable 2,372,000 Reductions (1) (587,000 ) Balance at March 31, 2016 $ 6,319,000 Balance at December 31, 2014 $ 4,998,000 Additions 0 Accretion income (646,000 ) Net reclassification from nonaccretable to accretable 941,000 Reductions (1) (52,000 ) Balance at March 31, 2015 $ 5,241,000 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | March 31, December 31, 2016 2015 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 1,702,000 1,954,000 Total nonperforming originated loans $ 1,702,000 $ 1,954,000 March 31, December 31, 2016 2015 Loans past due 90 days or more still accruing interest $ 0 $ 5,000 Nonaccrual loans 3,140,000 3,485,000 Total nonperforming acquired loans $ 3,140,000 $ 3,490,000 March 31, December 31, 2016 2015 Commercial: Commercial and industrial $ 486,000 $ 458,000 Vacant land, land development, and residential construction 140,000 155,000 Real estate – owner occupied 1,641,000 1,797,000 Real estate – non-owner occupied 51,000 79,000 Real estate – multi-family and residential rental 81,000 157,000 Total commercial 2,399,000 2,646,000 Retail: Home equity and other 611,000 771,000 1-4 family mortgages 1,832,000 2,027,000 Total retail 2,443,000 2,798,000 Total nonperforming loans $ 4,842,000 $ 5,444,000 |
Past Due Financing Receivables [Table Text Block] | 30 – 59 Days Past Due 60 – 89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Balance > 89 Days and Accruing Originated loans Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 0 $ 613,570,000 $ 613,570,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 28,451,000 28,451,000 0 Real estate – owner occupied 425,000 0 4,000 429,000 334,519,000 334,948,000 0 Real estate – non-owner occupied 0 0 0 0 549,226,000 549,226,000 0 Real estate – multi-family and residential rental 0 0 0 0 36,582,000 36,582,000 0 Total commercial 425,000 0 4,000 429,000 1,562,348,000 1,562,777,000 0 Retail: Home equity and other 99,000 0 2,000 101,000 68,241,000 68,342,000 0 1-4 family mortgages 0 17,000 351,000 368,000 55,989,000 56,357,000 0 Total retail 99,000 17,000 353,000 469,000 124,230,000 124,699,000 0 Total past due loans $ 524,000 $ 17,000 $ 357,000 $ 898,000 $ 1,686,578,000 $ 1,687,476,000 $ 0 Greater Recorded 30 – 59 60 – 89 Than 89 Balance > 89 Days Days Days Total Total Days and Past Due Past Due Past Due Past Due Current Loans Accruing Acquired loans Commercial: Commercial and industrial $ 20,000 $ 17,000 $ 383,000 $ 420,000 $ 100,622,000 $ 101,042,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 11,179,000 11,179,000 0 Real estate – owner occupied 269,000 0 648,000 917,000 105,797,000 106,714,000 0 Real estate – non-owner occupied 0 0 498,000 498,000 116,289,000 116,787,000 0 Real estate – multi-family and residential rental 15,000 0 65,000 80,000 75,871,000 75,951,000 0 Total commercial 304,000 17,000 1,594,000 1,915,000 409,758,000 411,673,000 0 Retail: Home equity and other 353,000 134,000 19,000 506,000 66,835,000 67,341,000 0 1-4 family mortgages 979,000 233,000 381,000 1,593,000 127,585,000 129,178,000 0 Total retail 1,332,000 367,000 400,000 2,099,000 194,420,000 196,519,000 0 Total past due loans $ 1,636,000 $ 384,000 $ 1,994,000 $ 4,014,000 $ 604,178,000 $ 608,192,000 $ 0 Greater Recorded 30 – 59 60 – 89 Than 89 Balance > 89 Days Days Days Total Total Days and Past Due Past Due Past Due Past Due Current Loans Accruing Originated loans Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 0 $ 577,872,000 $ 577,872,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 30,138,000 30,138,000 0 Real estate – owner occupied 432,000 0 9,000 441,000 330,357,000 330,798,000 0 Real estate – non-owner occupied 0 0 0 0 520,754,000 520,754,000 0 Real estate – multi-family and residential rental 0 0 0 0 33,954,000 33,954,000 0 Total commercial 432,000 0 9,000 441,000 1,493,075,000 1,493,516,000 0 Retail: Home equity and other 186,000 108,000 0 294,000 67,522,000 67,816,000 0 1-4 family mortgages 107,000 95,000 356,000 558,000 54,697,000 55,255,000 0 Total retail 293,000 203,000 356,000 852,000 122,219,000 123,071,000 0 Total past due loans $ 725,000 $ 203,000 $ 365,000 $ 1,293,000 $ 1,615,294,000 $ 1,616,587,000 $ 0 Greater Recorded 30 – 59 60 – 89 Than 89 Balance > 89 Days Days Days Total Total Days and Past Due Past Due Past Due Past Due Current Loans Accruing Acquired Loans Commercial: Commercial and industrial $ 0 $ 5,000 $ 541,000 $ 546,000 $ 117,885,000 $ 118,431,000 $ 0 Vacant land, land development, and residential construction 27,000 0 0 27,000 14,955,000 14,982,000 0 Real estate – owner occupied 323,000 425,000 1,142,000 1,890,000 113,231,000 115,121,000 0 Real estate – non-owner occupied 53,000 703,000 79,000 835,000 122,762,000 123,597,000 0 Real estate – multi-family and residential rental 223,000 54,000 0 277,000 80,772,000 81,049,000 0 Total commercial 626,000 1,187,000 1,762,000 3,575,000 449,605,000 453,180,000 0 Retail: Home equity and other 395,000 44,000 28,000 467,000 72,363,000 72,830,000 5,000 1-4 family mortgages 960,000 354,000 416,000 1,730,000 133,400,000 135,130,000 0 Total retail 1,355,000 398,000 444,000 2,197,000 205,763,000 207,960,000 5,000 Total past due loans $ 1,981,000 $ 1,585,000 $ 2,206,000 $ 5,772,000 $ 655,368,000 $ 661,140,000 $ 5,000 |
Impaired Financing Receivables [Table Text Block] | First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 1,888,000 $ 1,888,000 $ 1,695,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 285,000 69,000 287,000 Real estate – non-owner occupied 5,659,000 5,659,000 5,678,000 Real estate – multi-family and residential rental 0 0 0 Total commercial 7,832,000 7,616,000 7,660,000 Retail: Home equity and other 19,000 9,000 7,000 1-4 family mortgages 1,222,000 573,000 615,000 Total retail 1,241,000 582,000 622,000 Total with no related allowance recorded $ 9,073,000 $ 8,198,000 $ 8,282,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 284,000 $ 235,000 $ 78,000 $ 270,000 Vacant land, land development and residential construction 2,010,000 1,640,000 73,000 1,648,000 Real estate – owner occupied 5,852,000 1,300,000 238,000 1,307,000 Real estate – non-owner occupied 4,754,000 4,754,000 188,000 4,798,000 Real estate – multi-family and residential rental 1,006,000 1,006,000 335,000 1,017,000 Total commercial 13,906,000 8,935,000 912,000 9,040,000 Retail: Home equity and other 511,000 470,000 140,000 516,000 1-4 family mortgages 165,000 126,000 35,000 127,000 Total retail 676,000 596,000 175,000 643,000 Total with an allowance recorded $ 14,582,000 $ 9,531,000 $ 1,087,000 $ 9,683,000 Total impaired loans: Commercial $ 21,738,000 $ 16,551,000 $ 912,000 $ 16,700,000 Retail 1,917,000 1,178,000 175,000 1,265,000 Total impaired loans $ 23,655,000 $ 17,729,000 $ 1,087,000 $ 17,965,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 1,456,000 $ 1,430,000 $ 1,462,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1,885,000 1,669,000 1,811,000 Real estate – non-owner occupied 773,000 772,000 826,000 Real estate – multi-family and residential rental 405,000 282,000 343,000 Total commercial 4,519,000 4,153,000 4,442,000 Retail: Home equity and other 394,000 277,000 293,000 1-4 family mortgages 1,609,000 1,274,000 1,411,000 Total retail 2,003,000 1,551,000 1,704,000 Total with no related allowance recorded $ 6,522,000 $ 5,704,000 $ 6,146,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 391,000 $ 379,000 $ 102,000 $ 378,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 50,000 50,000 4,000 50,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 20,000 20,000 1,000 22,000 Total commercial 461,000 449,000 107,000 450,000 Retail: Home equity and other 0 0 0 0 1-4 family mortgages 0 0 0 88,000 Total retail 0 0 0 88,000 Total with an allowance recorded $ 461,000 $ 449,000 $ 107,000 $ 538,000 Total impaired loans: Commercial $ 4,980,000 $ 4,602,000 $ 107,000 $ 4,892,000 Retail 2,003,000 1,551,000 0 1,792,000 Total impaired loans $ 6,983,000 $ 6,153,000 $ 107,000 $ 6,684,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 1,509,000 $ 1,501,000 $ 1,550,000 Vacant land, land development and residential construction 0 0 203,000 Real estate – owner occupied 712,000 505,000 1,950,000 Real estate – non-owner occupied 5,696,000 5,696,000 662,000 Real estate – multi-family and residential rental 0 0 313,000 Total commercial 7,917,000 7,702,000 4,678,000 Retail: Home equity and other 14,000 5,000 191,000 1-4 family mortgages 1,328,000 657,000 547,000 Total retail 1,342,000 662,000 738,000 Total with no related allowance recorded $ 9,259,000 $ 8,364,000 $ 5,416,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 352,000 $ 305,000 $ 165,000 $ 5,196,000 Vacant land, land development and residential construction 2,017,000 1,655,000 245,000 2,000,000 Real estate – owner occupied 5,867,000 1,314,000 242,000 15,596,000 Real estate – non-owner occupied 4,841,000 4,841,000 201,000 15,816,000 Real estate – multi-family and residential rental 1,028,000 1,028,000 365,000 1,354,000 Total commercial 14,105,000 9,143,000 1,218,000 39,962,000 Retail: Home equity and other 600,000 562,000 209,000 125,000 1-4 family mortgages 165,000 128,000 47,000 1,151,000 Total retail 765,000 690,000 256,000 1,276,000 Total with an allowance recorded $ 14,870,000 $ 9,833,000 $ 1,474,000 $ 41,238,000 Total impaired loans: Commercial $ 22,022,000 $ 16,845,000 $ 1,218,000 $ 44,640,000 Retail 2,107,000 1,352,000 256,000 2,014,000 Total impaired loans $ 24,129,000 $ 18,197,000 $ 1,474,000 $ 46,654,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 1,528,000 $ 1,494,000 $ 1,267,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 2,233,000 1,952,000 160,000 Real estate – non-owner occupied 880,000 880,000 317,000 Real estate – multi-family and residential rental 452,000 404,000 714,000 Total commercial 5,093,000 4,730,000 2,458,000 Retail: Home equity and other 471,000 310,000 504,000 1-4 family mortgages 1,804,000 1,548,000 894,000 Total retail 2,275,000 1,858,000 1,398,000 Total with no related allowance recorded $ 7,368,000 $ 6,588,000 $ 3,856,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 383,000 $ 376,000 $ 102,000 $ 57,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 51,000 51,000 4,000 1,464,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 23,000 23,000 0 14,000 Total commercial 457,000 450,000 106,000 1,535,000 Retail: Home equity and other 0 0 0 0 1-4 family mortgages 175,000 175,000 6,000 142,000 Total retail 175,000 175,000 6,000 142,000 Total with an allowance recorded $ 632,000 $ 625,000 $ 112,000 $ 1,677,000 Total impaired loans: Commercial $ 5,550,000 $ 5,180,000 $ 106,000 $ 3,993,000 Retail 2,450,000 2,033,000 6,000 1,540,000 Total impaired loans $ 8,000,000 $ 7,213,000 $ 112,000 $ 5,533,000 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 417,049,000 $ 16,694,000 $ 231,625,000 $ 434,645,000 $ 19,947,000 Grades 5 – 7 196,431,000 11,617,000 101,552,000 114,581,000 15,629,000 Grades 8 – 9 90,000 140,000 1,771,000 0 1,006,000 Total commercial $ 613,570,000 $ 28,451,000 $ 334,948,000 $ 549,226,000 $ 36,582,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 51,717,000 $ 2,892,000 $ 43,806,000 $ 66,096,000 $ 42,159,000 Grades 5 – 7 46,749,000 7,811,000 58,971,000 48,792,000 33,071,000 Grades 8 – 9 2,576,000 476,000 3,937,000 1,899,000 721,000 Total commercial $ 101,042,000 $ 11,179,000 $ 106,714,000 $ 116,787,000 $ 75,951,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 417,120,000 $ 18,118,000 $ 230,629,000 $ 400,350,000 $ 19,121,000 Grades 5 – 7 160,454,000 10,365,000 98,332,000 120,404,000 13,806,000 Grades 8 – 9 298,000 1,655,000 1,837,000 0 1,027,000 Total commercial $ 577,872,000 $ 30,138,000 $ 330,798,000 $ 520,754,000 $ 33,954,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 67,978,000 $ 3,095,000 $ 45,807,000 $ 71,197,000 $ 44,763,000 Grades 5 – 7 47,589,000 11,364,000 63,563,000 50,066,000 35,288,000 Grades 8 – 9 2,864,000 523,000 5,751,000 2,334,000 998,000 Total commercial $ 118,431,000 $ 14,982,000 $ 115,121,000 $ 123,597,000 $ 81,049,000 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 13,672,000 $ 1,421,000 $ 140,000 $ 15,233,000 Provision for loan losses 94,000 503,000 74,000 671,000 Charge-offs (89,000 ) (386,000 ) 0 (475,000 ) Recoveries 247,000 296,000 0 543,000 Ending balance $ 13,924,000 $ 1,834,000 $ 214,000 $ 15,972,000 Ending balance: individually evaluated for impairment $ 913,000 $ 175,000 $ 0 $ 1,088,000 Ending balance: collectively evaluated for impairment $ 13,011,000 $ 1,659,000 $ 214,000 $ 14,884,000 Total loans: Ending balance $ 1,562,777,000 $ 124,699,000 $ 1,687,476,000 Ending balance: individually evaluated for impairment $ 16,551,000 $ 1,178,000 $ 17,729,000 Ending balance: collectively evaluated for impairment $ 1,546,226,000 $ 123,521,000 $ 1,669,747,000 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 420,000 $ 28,000 $ 0 $ 448,000 Provision for loan losses (110,000 ) 39,000 0 (71,000 ) Charge-offs 0 0 0 0 Recoveries (44,000 ) (43,000 ) 0 (87,000 ) Ending balance $ 266,000 $ 24,000 $ 0 $ 290,000 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 17,736,000 $ 1,487,000 $ 76,000 $ 19,299,000 Provision for loan losses (499,000 ) 79,000 (37,000 ) (457,000 ) Charge-offs (78,000 ) (363,000 ) 0 (441,000 ) Recoveries 1,818,000 32,000 0 1,850,000 Ending balance $ 18,977,000 $ 1,235,000 $ 39,000 $ 20,251,000 Ending balance: individually evaluated for impairment $ 10,158,000 $ 208,000 $ 0 $ 10,366,000 Ending balance: collectively evaluated for impairment $ 8,819,000 $ 1,027,000 $ 39,000 $ 9,885,000 Total loans: Ending balance $ 1,230,841,000 $ 97,872,000 $ 1,328,713,000 Ending balance: individually evaluated for impairment $ 44,257,000 $ 1,193,000 $ 45,450,000 Ending balance: collectively evaluated for impairment $ 1,186,584,000 $ 96,679,000 $ 1,283,263,000 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 681,000 $ 61,000 $ 0 $ 742,000 Provision for loan losses (60,000 ) 117,000 0 57,000 Charge-offs 0 (7,000 ) 0 (7,000 ) Recoveries 1,000 6,000 0 7,000 Ending balance $ 622,000 $ 177,000 $ 0 $ 799,000 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Pre- Post- Modification Modification Recorded Recorded Number of Principal Principal Contracts Balance Balance Originated loans Commercial: Commercial and industrial 1 $ 20,000 $ 20,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 1 20,000 20,000 Retail: Home equity and other 0 0 0 1-4 family mortgages 0 0 0 Total originated retail 0 0 0 Total originated loans 1 $ 20,000 $ 20,000 Acquired loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 0 0 0 Retail: Home equity and other 1 26,000 26,000 1-4 family mortgages 1 19,000 19,000 Total acquired retail 2 45,000 45,000 Total acquired loans 2 $ 45,000 $ 45,000 Pre- Post- Modification Modification Recorded Recorded Number of Principal Principal Contracts Balance Balance Originated loans Commercial: Commercial and industrial 6 $ 568,000 $ 593,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 6 568,000 593,000 Retail: Home equity and other 0 0 0 1-4 family mortgages 0 0 0 Total originated retail 0 0 0 Total originated loans 6 $ 568,000 $ 593,000 Acquired loans Commercial: Commercial and industrial 1 $ 79,000 $ 79,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 2 50,000 50,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 3 129,000 129,000 Retail: Home equity and other 0 0 0 1-4 family mortgages 0 0 0 Total acquired retail 0 0 0 Total acquired loans 3 $ 129,000 $ 129,000 |
Troubled Debt Restructurings on Financing Receivables WithIn Previous Twelve Months that Became Over Thirty Days Past Due [Table Text Block] | Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 0 0 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 0 0 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 0 $ 0 Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 0 0 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 0 0 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 0 $ 0 Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 0 0 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 0 0 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 0 $ 0 Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 1 1,339,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 1 1,339,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 1 $ 1,339,000 |
Trouble Debt Restructuring Activity [Table Text Block] | Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Commercial Loan Portfolio: Beginning Balance $ 2,028,000 $ 2,086,000 $ 1,400,000 $ 10,657,000 $ 476,000 Charge-Offs 0 0 0 0 0 Payments (101,000 ) (24,000 ) (31,000 ) (128,000 ) (7,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 19,000 0 0 0 0 Ending Balance $ 1,946,000 $ 2,062,000 $ 1,369,000 $ 10,529,000 $ 469,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 146,000 $ 128,000 Charge-Offs 0 0 Payments 0 (2,000 ) Transfers to ORE 0 0 Net Additions/Deletions 0 0 Ending Balance $ 146,000 $ 126,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Commercial Loan Portfolio: Beginning Balance $ 1,686,000 $ 0 $ 1,652,000 $ 647,000 $ 331,000 Charge-Offs (48,000 ) 0 0 0 0 Payments 0 0 (197,000 ) (10,000 ) (53,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 49,000 0 0 0 0 Ending Balance $ 1,687,000 $ 0 $ 1,455,000 $ 637,000 $ 278,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 141,000 $ 316,000 Charge-Offs 0 0 Payments (6,000 ) 0 Transfers to ORE 0 0 Net Additions/Deletions 26,000 19,000 Ending Balance $ 161,000 $ 335,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Commercial Loan Portfolio: Beginning Balance $ 7,026,000 $ 2,680,000 $ 17,160,000 $ 17,439,000 $ 505,000 Charge-Offs 0 0 0 0 0 Payments (1,155,000 ) (26,000 ) (194,000 ) (1,376,000 ) (7,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 685,000 0 0 0 0 Ending Balance $ 6,556,000 $ 2,654,000 $ 16,966,000 $ 16,063,000 $ 498,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 0 $ 1,967,000 Charge-Offs 0 (125,000 ) Payments 0 (1,540,000 ) Transfers to ORE 0 0 Net Additions/Deletions 0 0 Ending Balance $ 0 $ 302,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Commercial Commercial Commercial Commercial Loan Portfolio: Beginning Balance $ 1,439,000 $ 0 $ 1,569,000 $ 64,000 $ 381,000 Charge-Offs 0 0 0 0 0 Payments 0 0 (179,000 ) (2,000 ) (48,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 80,000 0 102,000 0 0 Ending Balance $ 1,519,000 $ 0 $ 1,492,000 $ 62,000 $ 333,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 26,000 $ 178,000 Charge-Offs 0 0 Payments (26,000 ) (1,000 ) Transfers to ORE 0 0 Net Additions/Deletions 0 0 Ending Balance $ 0 $ 177,000 |
Allowance Related to Loans Categorized as Troubled Debt Restructurings [Table Text Block] | March 31, December 31, 2016 2015 Commercial: Commercial and industrial $ 147,000 $ 221,000 Vacant land, land development, and residential construction 29,000 186,000 Real estate – owner occupied 111,000 115,000 Real estate – non-owner occupied 188,000 201,000 Real estate – multi-family and residential rental 220,000 365,000 Total commercial 695,000 1,088,000 Retail: Home equity and other 18,000 14,000 1-4 family mortgages 0 6,000 Total retail 18,000 20,000 Total related allowance $ 713,000 $ 1,108,000 |
Retail Portfolio Segment [Member] | |
Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items] | |
Financing Receivable Credit Quality Indicators [Table Text Block] | Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 68,342,000 $ 56,357,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 67,341,000 $ 129,178,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 67,816,000 $ 55,255,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 72,830,000 $ 135,130,000 |
Note 4 - Premises and Equipme24
Note 4 - Premises and Equipment, Net (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment [Table Text Block] | March 31, December 31, 2016 2015 Land and improvements $ 16,438,000 $ 16,529,000 Buildings 39,223,000 39,394,000 Furniture and equipment 16,960,000 16,978,000 72,621,000 72,901,000 Less: accumulated depreciation 26,658,000 26,039,000 Premises and equipment, net $ 45,963,000 $ 46,862,000 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Summary of Deposits and Percentage Change in Deposits [Table Text Block] | Percent March 31, 2016 December 31, 2015 Increase Balance % Balance % (Decrease) Noninterest-bearing demand $ 678,100,000 29.9 % $ 674,568,000 29.6 % 0.5 % Interest-bearing checking 372,519,000 16.4 403,354,000 17.7 (7.6 ) Money market 309,906,000 13.7 274,395,000 12.1 12.9 Savings 339,089,000 15.0 332,794,000 14.6 1.9 Time, under $100,000 152,008,000 6.7 155,655,000 6.9 (2.3 ) Time, $100,000 and over 309,842,000 13.7 313,247,000 13.8 (1.1 ) 2,161,464,000 95.4 2,154,013,000 94.7 0.3 Out-of-area time, under $100,000 149,000 < 0.1 149,000 < 0.1 0.0 Out-of-area time, $100,000 and over 103,509,000 4.6 121,220,000 5.3 (14.6 ) 103,658,000 4.6 121,369,000 5.3 (14.6 ) Total deposits $ 2,265,122,000 100.0 % $ 2,275,382,000 100.0 % (0.5% ) |
Note 6 - Securities Sold Unde26
Note 6 - Securities Sold Under Agreements to Repurchase (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Schedule of Repurchase Agreements [Table Text Block] | Three Months Ended Twelve Months Ended March 31, 2016 December 31, 2015 Outstanding balance at end of period $ 162,312,000 $ 154,771,000 Average interest rate at end of period 0.11 % 0.11 % Average daily balance during the period $ 158,281,000 $ 146,826,000 Average interest rate during the period 0.11 % 0.11 % Maximum daily balance during the period $ 175,088,000 $ 168,211,000 |
Note 7 - Federal Home Loan Ba27
Note 7 - Federal Home Loan Bank Advances (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Maturities of Currently Outstanding FHLB Advances [Table Text Block] | 2016 $ 3,000,000 2017 45,000,000 2018 0 2019 10,000,000 2020 10,000,000 Thereafter 30,000,000 |
Note 8 - Commitments and Off-28
Note 8 - Commitments and Off-balance Sheet Risk (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block Supplement [Abstract] | |
Summary of Contractual Amounts of Financial Instruments with Off-balance Sheet Risk [Table Text Block] | March 31, December 31, 2016 2015 Commercial unused lines of credit $ 501,735,000 $ 522,658,000 Unused lines of credit secured by 1 – 4 family residential properties 62,364,000 61,905,000 Credit card unused lines of credit 16,874,000 15,612,000 Other consumer unused lines of credit 6,497,000 8,583,000 Commitments to make loans 218,392,000 178,034,000 Standby letters of credit 33,567,000 34,946,000 $ 839,429,000 $ 821,738,000 |
Note 10 - Fair Values of Fina29
Note 10 - Fair Values of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Level in March 31, 2016 December 31, 2015 Fair Value Carrying Fair Carrying Fair Hierarchy Values Values Values Values Financial assets: Cash Level 1 $ 12,146 $ 12,146 $ 12,496 $ 12,496 Cash equivalents Level 2 89,035 89,035 77,395 77,395 Securities available for sale (1) 343,805 343,805 346,992 346,992 FHLBI stock (2) 7,567 7,567 7,567 7,567 Loans, net Level 3 2,278,862 2,275,910 2,260,730 2,259,710 Loans held for sale Level 2 544 544 1,316 1,316 Bank owned life insurance Level 2 59,248 59,248 58,971 58,971 Accrued interest receivable Level 2 8,202 8,202 7,836 7,836 Financial liabilities: Deposits Level 2 2,265,122 2,205,359 2,275,382 2,208,724 Repurchase agreements Level 2 162,312 162,312 154,771 154,771 FHLBI advances Level 2 98,000 99,553 68,000 68,858 Subordinated debentures Level 2 44,324 44,345 55,154 55,760 Accrued interest payable Level 2 1,422 1,422 1,479 1,479 Interest rate swap (1) 274 274 253 253 |
Note 11 - Fair Values (Tables)
Note 11 - Fair Values (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Available for sale securities U.S. Government agency debt obligations $ 142,896,000 $ 0 $ 142,896,000 $ 0 Mortgage-backed securities 62,461,000 0 62,461,000 0 Municipal general obligation bonds 127,594,000 0 119,175,000 8,419,000 Municipal revenue bonds 8,885,000 0 8,885,000 0 Other investments 1,969,000 0 1,969,000 0 Interest rate swap (274,000 ) 0 (274,000 ) 0 Total $ 343,531,000 $ 0 $ 335,112,000 $ 8,419,000 Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Available for sale securities U.S. Government agency debt obligations $ 147,040,000 $ 0 $ 147,040,000 $ 0 Mortgage-backed securities 67,074,000 0 67,074,000 0 Municipal general obligation bonds 122,023,000 0 113,604,000 8,419,000 Municipal revenue bonds 8,914,000 0 8,914,000 0 Other investments 1,941,000 0 1,941,000 0 Interest rate swap (253,000 ) 0 (253,000 ) 0 Total $ 346,739,000 $ 0 $ 338,320,000 $ 8,419,000 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Impaired loans (1) $ 8,960,000 $ 0 $ 0 $ 8,960,000 Foreclosed assets (1) 1,478,000 0 0 1,478,000 Total $ 10,438,000 $ 0 $ 0 $ 10,438,000 Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Impaired loans (1) $ 8,970,000 $ 0 $ 0 $ 8,970,000 Foreclosed assets (1) 1,293,000 0 0 1,293,000 Total $ 10,263,000 $ 0 $ 0 $ 10,263,000 |
Note 12 - Regulatory Matters (T
Note 12 - Regulatory Matters (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Minimum Required to be Well Minimum Required Capitalized Under for Capital Prompt Corrective Actual Adequacy Purposes Action Regulations Amount Ratio Amount Ratio Amount Ratio March 31, 2016 Total capital (to risk Consolidated $ 340,557 13.1 % $ 207,722 8.0 % $ NA NA Bank 340,668 13.1 207,495 8.0 259,369 10.0 % Tier 1 capital (to risk Consolidated 324,296 12.5 155,792 6.0 NA NA Bank 324,406 12.5 155,622 6.0 207,495 8.0 Common equity tier 1 Consolidated 282,044 10.9 116,844 4.5 NA NA Bank 324,406 12.5 116,716 4.5 168,590 6.5 Tier 1 capital (to average assets) Consolidated 324,296 11.4 113,529 4.0 NA NA Bank 324,406 11.4 113,448 4.0 141,810 5.0 Minimum Required to be Well Minimum Required Capitalized Under for Capital Prompt Corrective Actual Adequacy Purposes Action Regulations Amount Ratio Amount Ratio Amount Ratio December 31, 2015 Total capital (to risk weighted assets) Consolidated $ 345,539 13.5 % $ 205,602 8.0 % $ NA NA Bank 347,433 13.5 205,624 8.0 257,030 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 329,858 12.8 154,201 6.0 NA NA Bank 331,752 12.9 154,218 6.0 205,624 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 280,171 10.9 115,804 4.5 NA NA Bank 331,752 12.9 115,664 4.5 167,070 6.5 Tier 1 capital (to average assets) Consolidated 329,858 11.6 114,138 4.0 NA NA Bank 331,752 11.6 114,280 4.0 142,850 5.0 |
Note 1 - Significant Accounti32
Note 1 - Significant Accounting Policies (Details) $ in Millions | 3 Months Ended | ||
Mar. 31, 2016USD ($)shares | Mar. 31, 2015shares | Dec. 31, 2015USD ($) | |
Note 1 - Significant Accounting Policies (Details) [Line Items] | |||
Number of Unconsolidated Business Trusts Formed to Issue Trust Preferred Securities | 5 | ||
Interest Income on Commercial and Mortgage Loans, Discontinued Period | 90 days | ||
Maximum Delinquency Period for Consumer and Credit Card Loans to be Charged-off | 120 days | ||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage (in Dollars) | $ | $ 0.5 | $ 1.3 | |
Employee Stock Option [Member] | |||
Note 1 - Significant Accounting Policies (Details) [Line Items] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 10,000 | 118,000 | |
Mortgage Loans [Member] | |||
Note 1 - Significant Accounting Policies (Details) [Line Items] | |||
Servicing Asset (in Dollars) | $ | $ 600 | ||
Restricted Stock [Member] | |||
Note 1 - Significant Accounting Policies (Details) [Line Items] | |||
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights | 150,000 | 101,000 | |
Employee Stock Option [Member] | |||
Note 1 - Significant Accounting Policies (Details) [Line Items] | |||
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 118,000 | 121,000 | |
Core Deposits [Member] | |||
Note 1 - Significant Accounting Policies (Details) [Line Items] | |||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 10 years |
Note 2 - Securities (Details)
Note 2 - Securities (Details) | 3 Months Ended | ||
Mar. 31, 2016USD ($) | Dec. 31, 2015USD ($) | ||
Note 2 - Securities (Details) [Line Items] | |||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | $ 88,370,000 | $ 163,876,000 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 839,000 | 2,069,000 | |
Available-for-sale Debt Securities, Amortized Cost Basis | 339,690,000 | ||
Available-for-sale Securities | [1] | $ 343,805,000 | 346,992,000 |
Debt Securities [Member] | |||
Note 2 - Securities (Details) [Line Items] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 136 | ||
State of Michigan and all its Political Subdivisions [Member] | |||
Note 2 - Securities (Details) [Line Items] | |||
Available-for-sale Debt Securities, Amortized Cost Basis | $ 112,000,000 | 106,000,000 | |
Available-for-sale Securities | 113,000,000 | 107,000,000 | |
All Other States and Their Political Subdivisions [Member] | |||
Note 2 - Securities (Details) [Line Items] | |||
Available-for-sale Debt Securities, Amortized Cost Basis | 22,900,000 | 24,000,000 | |
Available-for-sale Securities | 23,200,000 | 24,100,000 | |
U.S. Government Agency Debt Obligations and Mortgage-Backed Securities [Member] | |||
Note 2 - Securities (Details) [Line Items] | |||
Available-for-sale Securities, Restricted | $ 162,000,000 | $ 155,000,000 | |
Stockholders' Equity, Total [Member] | Securities Other Than U.S. Government Agencies and the State of Michigan and Political Subdivisions [Member] | Securities Issued Concentration Risk [Member] | |||
Note 2 - Securities (Details) [Line Items] | |||
Concentration Risk, Percentage | 10.00% | ||
[1] | See Note 11 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. |
Note 2 - Securities (Details) -
Note 2 - Securities (Details) - Available-for-sale Securities - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | |
Schedule of Available-for-sale Securities [Line Items] | |||
Available-for-sale Securities, Amortized Cost | $ 339,690,000 | $ 344,796,000 | |
Available-for-sale Securities, Gross Unrealized Gains | 4,954,000 | 4,265,000 | |
Available-for-sale Securities, Gross Unrealized Losses | (839,000) | (2,069,000) | |
Securities available for sale | [1] | 343,805,000 | 346,992,000 |
US Government Agencies Debt Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Available-for-sale Securities, Amortized Cost | 141,400,000 | 146,660,000 | |
Available-for-sale Securities, Gross Unrealized Gains | 2,076,000 | 1,932,000 | |
Available-for-sale Securities, Gross Unrealized Losses | (580,000) | (1,552,000) | |
Securities available for sale | 142,896,000 | 147,040,000 | |
Collateralized Mortgage Backed Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Available-for-sale Securities, Amortized Cost | 61,744,000 | 66,670,000 | |
Available-for-sale Securities, Gross Unrealized Gains | 828,000 | 708,000 | |
Available-for-sale Securities, Gross Unrealized Losses | (111,000) | (304,000) | |
Securities available for sale | 62,461,000 | 67,074,000 | |
Municipal General Obligation Bonds [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Available-for-sale Securities, Amortized Cost | 125,794,000 | 120,679,000 | |
Available-for-sale Securities, Gross Unrealized Gains | 1,948,000 | 1,549,000 | |
Available-for-sale Securities, Gross Unrealized Losses | (148,000) | (205,000) | |
Securities available for sale | 127,594,000 | 122,023,000 | |
Municipal Revenue Bonds [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Available-for-sale Securities, Amortized Cost | 8,798,000 | 8,841,000 | |
Available-for-sale Securities, Gross Unrealized Gains | 87,000 | 76,000 | |
Available-for-sale Securities, Gross Unrealized Losses | 0 | (3,000) | |
Securities available for sale | 8,885,000 | 8,914,000 | |
Other Debt Obligations [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Available-for-sale Securities, Amortized Cost | 1,954,000 | 1,946,000 | |
Available-for-sale Securities, Gross Unrealized Gains | 15,000 | 0 | |
Available-for-sale Securities, Gross Unrealized Losses | 0 | (5,000) | |
Securities available for sale | $ 1,969,000 | $ 1,941,000 | |
[1] | See Note 11 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. |
Note 2 - Securities (Details)35
Note 2 - Securities (Details) - Securities in a Continuous Loss Position - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Note 2 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | $ 18,042,000 | $ 21,452,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 172,000 | 78,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 70,328,000 | 142,424,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 667,000 | 1,991,000 |
Securities available for sale, continuous unrealized loss position | 88,370,000 | 163,876,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 839,000 | 2,069,000 |
US Government Agencies Debt Securities [Member] | ||
Note 2 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 7,046,000 | 0 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 114,000 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 42,601,000 | 76,496,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 466,000 | 1,552,000 |
Securities available for sale, continuous unrealized loss position | 49,647,000 | 76,496,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 580,000 | 1,552,000 |
Collateralized Mortgage Backed Securities [Member] | ||
Note 2 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 7,942,000 | 18,025,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 36,000 | 69,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 17,055,000 | 34,660,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 75,000 | 235,000 |
Securities available for sale, continuous unrealized loss position | 24,997,000 | 52,685,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 111,000 | 304,000 |
Municipal General Obligation Bonds [Member] | ||
Note 2 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 3,054,000 | 1,981,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 22,000 | 4,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 10,551,000 | 30,134,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 126,000 | 201,000 |
Securities available for sale, continuous unrealized loss position | 13,605,000 | 32,115,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 148,000 | 205,000 |
Municipal Revenue Bonds [Member] | ||
Note 2 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 0 | 0 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 0 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 121,000 | 1,134,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 1,000 | 3,000 |
Securities available for sale, continuous unrealized loss position | 121,000 | 1,134,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 1,000 | 3,000 |
Other Debt Obligations [Member] | ||
Note 2 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 0 | 1,446,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 0 | 5,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 0 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 0 | 0 |
Securities available for sale, continuous unrealized loss position | 0 | 1,446,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | $ 0 | $ 5,000 |
Note 2 - Securities (Details)36
Note 2 - Securities (Details) - Debt Securities by Maturity | Mar. 31, 2016USD ($) |
Note 2 - Securities (Details) - Debt Securities by Maturity [Line Items] | |
Due in 2016 | 1.47% |
Due in 2016 | $ 36,231,000 |
Due in 2016 | $ 36,259,000 |
Due in 2017 through 2021 | 1.76% |
Due in 2017 through 2021 | $ 122,550,000 |
Due in 2017 through 2021 | $ 123,425,000 |
Due in 2022 through 2026 | 3.25% |
Due in 2022 through 2026 | $ 52,425,000 |
Due in 2022 through 2026 | $ 53,629,000 |
Due in 2027 and beyond | 3.48% |
Due in 2027 and beyond | $ 64,786,000 |
Due in 2027 and beyond | $ 66,062,000 |
2.29% | |
$ 339,690,000 | |
$ 343,805,000 | |
Collateralized Mortgage Backed Securities [Member] | |
Note 2 - Securities (Details) - Debt Securities by Maturity [Line Items] | |
No single maturity, weighted average yield | 1.77% |
No single maturity, amortized cost | $ 61,744,000 |
No single maturity, fair value | $ 62,461,000 |
Other Debt Obligations [Member] | |
Note 2 - Securities (Details) - Debt Securities by Maturity [Line Items] | |
No single maturity, weighted average yield | 1.53% |
No single maturity, amortized cost | $ 1,954,000 |
No single maturity, fair value | $ 1,969,000 |
Note 3 - Loans and Allowance 37
Note 3 - Loans and Allowance for Loan Losses (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Receivables [Abstract] | |||
Loans, credit exposure | $ 2,295,668,000 | $ 2,277,727,000 | |
Loans and Leases Receivable Period Increase Decrease | $ 17,900,000 | ||
Loans and Leases Receivable Percentage Period Increase Decrease | 0.80% | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | $ 21,300,000 | 24,600,000 | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 10,100,000 | $ 13,100,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 300,000 | $ 400,000 | |
Loans and Leases Receivable, Nonaccrual Loans Interest Income Recognized | $ 0 | $ 0 | |
Minimum Number of Days Past Due at Period End for Loans Modified as Troubled Debt Restructurings | 30 days |
Note 3 - Loans and Allowance 38
Note 3 - Loans and Allowance for Loan Losses (Details) - Components of Loan Portfolio - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 2,295,668,000 | $ 2,277,727,000 | |
Percent of portfolio | 100.00% | 100.00% | |
Period increase (decrease) | 0.80% | ||
Originated Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 1,687,476,000 | $ 1,616,587,000 | $ 1,328,713,000 |
Percent of portfolio | 100.00% | 100.00% | |
Period increase (decrease) | 4.40% | ||
Acquired Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 608,192,000 | $ 661,140,000 | |
Percent of portfolio | 100.00% | 100.00% | |
Period increase (decrease) | (8.00%) | ||
Commercial Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 1,974,450,000 | $ 1,946,696,000 | |
Percent of portfolio | 86.00% | 85.50% | |
Period increase (decrease) | 1.40% | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 714,612,000 | $ 696,303,000 | |
Percent of portfolio | 31.10% | 30.60% | |
Period increase (decrease) | 2.60% | ||
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 39,630,000 | $ 45,120,000 | |
Percent of portfolio | 1.70% | 2.00% | |
Period increase (decrease) | (12.20%) | ||
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 441,662,000 | $ 445,919,000 | |
Percent of portfolio | 19.30% | 19.60% | |
Period increase (decrease) | (1.00%) | ||
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 666,013,000 | $ 644,351,000 | |
Percent of portfolio | 29.00% | 28.30% | |
Period increase (decrease) | 3.40% | ||
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 112,533,000 | $ 115,003,000 | |
Percent of portfolio | 4.90% | 5.00% | |
Period increase (decrease) | (2.10%) | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 1,562,777,000 | $ 1,493,516,000 | 1,230,841,000 |
Percent of portfolio | 92.60% | 92.40% | |
Period increase (decrease) | 4.60% | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 613,570,000 | $ 577,872,000 | |
Percent of portfolio | 36.40% | 35.70% | |
Period increase (decrease) | 6.20% | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 28,451,000 | $ 30,138,000 | |
Percent of portfolio | 1.70% | 1.90% | |
Period increase (decrease) | (5.60%) | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 334,948,000 | $ 330,798,000 | |
Percent of portfolio | 19.80% | 20.50% | |
Period increase (decrease) | 1.30% | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 549,226,000 | $ 520,754,000 | |
Percent of portfolio | 32.50% | 32.20% | |
Period increase (decrease) | 5.50% | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 36,582,000 | $ 33,954,000 | |
Percent of portfolio | 2.20% | 2.10% | |
Period increase (decrease) | 7.70% | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 411,673,000 | $ 453,180,000 | |
Percent of portfolio | 67.70% | 68.60% | |
Period increase (decrease) | (9.20%) | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 101,042,000 | $ 118,431,000 | |
Percent of portfolio | 16.60% | 17.90% | |
Period increase (decrease) | (14.70%) | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 11,179,000 | $ 14,982,000 | |
Percent of portfolio | 1.90% | 2.30% | |
Period increase (decrease) | (25.40%) | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 106,714,000 | $ 115,121,000 | |
Percent of portfolio | 17.50% | 17.40% | |
Period increase (decrease) | (7.30%) | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 116,787,000 | $ 123,597,000 | |
Percent of portfolio | 19.20% | 18.70% | |
Period increase (decrease) | (5.50%) | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 75,951,000 | $ 81,049,000 | |
Percent of portfolio | 12.50% | 12.30% | |
Period increase (decrease) | (6.30%) | ||
Retail Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 321,218,000 | $ 331,031,000 | |
Percent of portfolio | 14.00% | 14.50% | |
Period increase (decrease) | (3.00%) | ||
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 135,683,000 | $ 140,646,000 | |
Percent of portfolio | 5.90% | 6.20% | |
Period increase (decrease) | (3.50%) | ||
Retail Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 185,535,000 | $ 190,385,000 | |
Percent of portfolio | 8.10% | 8.30% | |
Period increase (decrease) | (2.50%) | ||
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 124,699,000 | $ 123,071,000 | $ 97,872,000 |
Percent of portfolio | 7.40% | 7.60% | |
Period increase (decrease) | 1.30% | ||
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 68,342,000 | $ 67,816,000 | |
Percent of portfolio | 4.10% | 4.20% | |
Period increase (decrease) | 0.80% | ||
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 56,357,000 | $ 55,255,000 | |
Percent of portfolio | 3.30% | 3.40% | |
Period increase (decrease) | 2.00% | ||
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 196,519,000 | $ 207,960,000 | |
Percent of portfolio | 32.30% | 31.40% | |
Period increase (decrease) | (5.50%) | ||
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 67,341,000 | $ 72,830,000 | |
Percent of portfolio | 11.10% | 11.00% | |
Period increase (decrease) | (7.50%) | ||
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Balance of loans outstanding (in Dollars) | $ 129,178,000 | $ 135,130,000 | |
Percent of portfolio | 21.20% | 20.40% | |
Period increase (decrease) | (4.40%) |
Note 3 - Loans and Allowance 39
Note 3 - Loans and Allowance for Loan Losses (Details) - Acquired Impaired Loans Accretable Yield - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | ||
Acquired Impaired Loans Accretable Yield [Abstract] | |||
Beginning balance | $ 5,193,000 | $ 4,998,000 | |
Additions | 21,000 | 0 | |
Accretion income | (680,000) | (646,000) | |
Net reclassification from nonaccretable to accretable | 2,372,000 | 941,000 | |
Reductions | [1] | (587,000) | (52,000) |
Ending balance | $ 6,319,000 | $ 5,241,000 | |
[1] | Reductions primarily reflect the result of exit events, including loan payoffs and charge-offs. |
Note 3 - Loans and Allowance 40
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Total nonperforming loans | $ 4,842,000 | $ 5,444,000 |
Originated Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Nonaccrual loans | 1,702,000 | 1,954,000 |
Total nonperforming loans | 1,702,000 | 1,954,000 |
Acquired Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 5,000 |
Acquired Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 5,000 |
Nonaccrual loans | 3,140,000 | 3,485,000 |
Total nonperforming loans | 3,140,000 | 3,490,000 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Total nonperforming loans | 2,399,000 | 2,646,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Total nonperforming loans | 486,000 | 458,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Total nonperforming loans | 140,000 | 155,000 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Total nonperforming loans | 1,641,000 | 1,797,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Total nonperforming loans | 51,000 | 79,000 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Total nonperforming loans | 81,000 | 157,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Total nonperforming loans | 2,443,000 | 2,798,000 |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Total nonperforming loans | 611,000 | 771,000 |
Retail Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | Nonperforming Financial Instruments [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Total nonperforming loans | 1,832,000 | 2,027,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 5,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | 0 | 5,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ||
Loans past due 90 days or more still accruing interest | $ 0 | $ 0 |
Note 3 - Loans and Allowance 41
Note 3 - Loans and Allowance for Loan Losses (Details) - Age Analysis of Past Due Loans - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Commercial: | |||
Loans | $ 2,295,668,000 | $ 2,277,727,000 | |
Originated Loan [Member] | |||
Commercial: | |||
Loans, past due | 898,000 | 1,293,000 | |
Loans, current | 1,686,578,000 | 1,615,294,000 | |
Loans | 1,687,476,000 | 1,616,587,000 | $ 1,328,713,000 |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Originated Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 524,000 | 725,000 | |
Originated Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 17,000 | 203,000 | |
Originated Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 357,000 | 365,000 | |
Acquired Loan [Member] | |||
Commercial: | |||
Loans, past due | 4,014,000 | 5,772,000 | |
Loans, current | 604,178,000 | 655,368,000 | |
Loans | 608,192,000 | 661,140,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 5,000 | |
Acquired Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 1,636,000 | 1,981,000 | |
Acquired Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 384,000 | 1,585,000 | |
Acquired Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 1,994,000 | 2,206,000 | |
Commercial Portfolio Segment [Member] | |||
Commercial: | |||
Loans | 1,974,450,000 | 1,946,696,000 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Commercial: | |||
Loans | 714,612,000 | 696,303,000 | |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Commercial: | |||
Loans | 39,630,000 | 45,120,000 | |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | |||
Commercial: | |||
Loans | 441,662,000 | 445,919,000 | |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Commercial: | |||
Loans | 666,013,000 | 644,351,000 | |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Commercial: | |||
Loans | 112,533,000 | 115,003,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||
Commercial: | |||
Loans, past due | 429,000 | 441,000 | |
Loans, current | 1,562,348,000 | 1,493,075,000 | |
Loans | 1,562,777,000 | 1,493,516,000 | 1,230,841,000 |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 425,000 | 432,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 4,000 | 9,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Loans, current | 613,570,000 | 577,872,000 | |
Loans | 613,570,000 | 577,872,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Loans, current | 28,451,000 | 30,138,000 | |
Loans | 28,451,000 | 30,138,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Commercial: | |||
Loans, past due | 429,000 | 441,000 | |
Loans, current | 334,519,000 | 330,357,000 | |
Loans | 334,948,000 | 330,798,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 425,000 | 432,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 4,000 | 9,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Loans, current | 549,226,000 | 520,754,000 | |
Loans | 549,226,000 | 520,754,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Loans, current | 36,582,000 | 33,954,000 | |
Loans | 36,582,000 | 33,954,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||
Commercial: | |||
Loans, past due | 1,915,000 | 3,575,000 | |
Loans, current | 409,758,000 | 449,605,000 | |
Loans | 411,673,000 | 453,180,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 304,000 | 626,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 17,000 | 1,187,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 1,594,000 | 1,762,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | |||
Commercial: | |||
Loans, past due | 420,000 | 546,000 | |
Loans, current | 100,622,000 | 117,885,000 | |
Loans | 101,042,000 | 118,431,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 20,000 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 17,000 | 5,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 383,000 | 541,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Commercial: | |||
Loans, past due | 0 | 27,000 | |
Loans, current | 11,179,000 | 14,955,000 | |
Loans | 11,179,000 | 14,982,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 27,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Commercial: | |||
Loans, past due | 917,000 | 1,890,000 | |
Loans, current | 105,797,000 | 113,231,000 | |
Loans | 106,714,000 | 115,121,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 269,000 | 323,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 425,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 648,000 | 1,142,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Commercial: | |||
Loans, past due | 498,000 | 835,000 | |
Loans, current | 116,289,000 | 122,762,000 | |
Loans | 116,787,000 | 123,597,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 53,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 703,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 498,000 | 79,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Commercial: | |||
Loans, past due | 80,000 | 277,000 | |
Loans, current | 75,871,000 | 80,772,000 | |
Loans | 75,951,000 | 81,049,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 15,000 | 223,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 54,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 65,000 | 0 | |
Retail Portfolio Segment [Member] | |||
Commercial: | |||
Loans | 321,218,000 | 331,031,000 | |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | |||
Commercial: | |||
Loans | 135,683,000 | 140,646,000 | |
Retail Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | |||
Commercial: | |||
Loans | 185,535,000 | 190,385,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||
Commercial: | |||
Loans, past due | 469,000 | 852,000 | |
Loans, current | 124,230,000 | 122,219,000 | |
Loans | 124,699,000 | 123,071,000 | $ 97,872,000 |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 99,000 | 293,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 17,000 | 203,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 353,000 | 356,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | |||
Commercial: | |||
Loans, past due | 101,000 | 294,000 | |
Loans, current | 68,241,000 | 67,522,000 | |
Loans | 68,342,000 | 67,816,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 99,000 | 186,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 108,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 2,000 | 0 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | |||
Commercial: | |||
Loans, past due | 368,000 | 558,000 | |
Loans, current | 55,989,000 | 54,697,000 | |
Loans | 56,357,000 | 55,255,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 0 | 107,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 17,000 | 95,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 351,000 | 356,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||
Commercial: | |||
Loans, past due | 2,099,000 | 2,197,000 | |
Loans, current | 194,420,000 | 205,763,000 | |
Loans | 196,519,000 | 207,960,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 5,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 1,332,000 | 1,355,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 367,000 | 398,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 400,000 | 444,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | |||
Commercial: | |||
Loans, past due | 506,000 | 467,000 | |
Loans, current | 66,835,000 | 72,363,000 | |
Loans | 67,341,000 | 72,830,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 5,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 353,000 | 395,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 134,000 | 44,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 19,000 | 28,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | |||
Commercial: | |||
Loans, past due | 1,593,000 | 1,730,000 | |
Loans, current | 127,585,000 | 133,400,000 | |
Loans | 129,178,000 | 135,130,000 | |
Loans, recorded balance > 89 days and accruing | 0 | 0 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 979,000 | 960,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | 233,000 | 354,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Loans, past due | $ 381,000 | $ 416,000 |
Note 3 - Loans and Allowance 42
Note 3 - Loans and Allowance for Loan Losses (Details) - Impaired Loans - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Originated Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | $ 9,073,000 | $ 9,259,000 | |
Recorded principal, with no related allowance | 8,198,000 | 8,364,000 | |
Average recorded pricinpal, with no related allowance | 8,282,000 | $ 5,416,000 | |
Unpaid contractual principal, with related allowance | 14,582,000 | 14,870,000 | |
Recorded principal, with related allowance | 9,531,000 | 9,833,000 | |
Related allowance | 1,087,000 | 1,474,000 | |
Average recorded pricinpal, with related allowance | 9,683,000 | 41,238,000 | |
Unpaid contractual principal, total | 23,655,000 | 24,129,000 | |
Recorded principal, total | 17,729,000 | 18,197,000 | |
Average recorded pricinpal, total | 17,965,000 | 46,654,000 | |
Acquired Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 6,522,000 | 7,368,000 | |
Recorded principal, with no related allowance | 5,704,000 | 6,588,000 | |
Average recorded pricinpal, with no related allowance | 6,146,000 | 3,856,000 | |
Unpaid contractual principal, with related allowance | 461,000 | 632,000 | |
Recorded principal, with related allowance | 449,000 | 625,000 | |
Related allowance | 107,000 | 112,000 | |
Average recorded pricinpal, with related allowance | 538,000 | 1,677,000 | |
Unpaid contractual principal, total | 6,983,000 | 8,000,000 | |
Recorded principal, total | 6,153,000 | 7,213,000 | |
Average recorded pricinpal, total | 6,684,000 | 5,533,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 7,832,000 | 7,917,000 | |
Recorded principal, with no related allowance | 7,616,000 | 7,702,000 | |
Average recorded pricinpal, with no related allowance | 7,660,000 | 4,678,000 | |
Unpaid contractual principal, with related allowance | 13,906,000 | 14,105,000 | |
Recorded principal, with related allowance | 8,935,000 | 9,143,000 | |
Related allowance | 912,000 | 1,218,000 | |
Average recorded pricinpal, with related allowance | 9,040,000 | 39,962,000 | |
Unpaid contractual principal, total | 21,738,000 | 22,022,000 | |
Recorded principal, total | 16,551,000 | 16,845,000 | |
Average recorded pricinpal, total | 16,700,000 | 44,640,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 1,888,000 | 1,509,000 | |
Recorded principal, with no related allowance | 1,888,000 | 1,501,000 | |
Average recorded pricinpal, with no related allowance | 1,695,000 | 1,550,000 | |
Unpaid contractual principal, with related allowance | 284,000 | 352,000 | |
Recorded principal, with related allowance | 235,000 | 305,000 | |
Related allowance | 78,000 | 165,000 | |
Average recorded pricinpal, with related allowance | 270,000 | 5,196,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 0 | 0 | |
Recorded principal, with no related allowance | 0 | 0 | |
Average recorded pricinpal, with no related allowance | 0 | 203,000 | |
Unpaid contractual principal, with related allowance | 2,010,000 | 2,017,000 | |
Recorded principal, with related allowance | 1,640,000 | 1,655,000 | |
Related allowance | 73,000 | 245,000 | |
Average recorded pricinpal, with related allowance | 1,648,000 | 2,000,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 285,000 | 712,000 | |
Recorded principal, with no related allowance | 69,000 | 505,000 | |
Average recorded pricinpal, with no related allowance | 287,000 | 1,950,000 | |
Unpaid contractual principal, with related allowance | 5,852,000 | 5,867,000 | |
Recorded principal, with related allowance | 1,300,000 | 1,314,000 | |
Related allowance | 238,000 | 242,000 | |
Average recorded pricinpal, with related allowance | 1,307,000 | 15,596,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 5,659,000 | 5,696,000 | |
Recorded principal, with no related allowance | 5,659,000 | 5,696,000 | |
Average recorded pricinpal, with no related allowance | 5,678,000 | 662,000 | |
Unpaid contractual principal, with related allowance | 4,754,000 | 4,841,000 | |
Recorded principal, with related allowance | 4,754,000 | 4,841,000 | |
Related allowance | 188,000 | 201,000 | |
Average recorded pricinpal, with related allowance | 4,798,000 | 15,816,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 0 | 0 | |
Recorded principal, with no related allowance | 0 | 0 | |
Average recorded pricinpal, with no related allowance | 0 | 313,000 | |
Unpaid contractual principal, with related allowance | 1,006,000 | 1,028,000 | |
Recorded principal, with related allowance | 1,006,000 | 1,028,000 | |
Related allowance | 335,000 | 365,000 | |
Average recorded pricinpal, with related allowance | 1,017,000 | 1,354,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 4,519,000 | 5,093,000 | |
Recorded principal, with no related allowance | 4,153,000 | 4,730,000 | |
Average recorded pricinpal, with no related allowance | 4,442,000 | 2,458,000 | |
Unpaid contractual principal, with related allowance | 461,000 | 457,000 | |
Recorded principal, with related allowance | 449,000 | 450,000 | |
Related allowance | 107,000 | 106,000 | |
Average recorded pricinpal, with related allowance | 450,000 | 1,535,000 | |
Unpaid contractual principal, total | 4,980,000 | 5,550,000 | |
Recorded principal, total | 4,602,000 | 5,180,000 | |
Average recorded pricinpal, total | 4,892,000 | 3,993,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 1,456,000 | 1,528,000 | |
Recorded principal, with no related allowance | 1,430,000 | 1,494,000 | |
Average recorded pricinpal, with no related allowance | 1,462,000 | 1,267,000 | |
Unpaid contractual principal, with related allowance | 391,000 | 383,000 | |
Recorded principal, with related allowance | 379,000 | 376,000 | |
Related allowance | 102,000 | 102,000 | |
Average recorded pricinpal, with related allowance | 378,000 | 57,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 0 | 0 | |
Recorded principal, with no related allowance | 0 | 0 | |
Average recorded pricinpal, with no related allowance | 0 | 0 | |
Unpaid contractual principal, with related allowance | 0 | 0 | |
Recorded principal, with related allowance | 0 | 0 | |
Related allowance | 0 | 0 | |
Average recorded pricinpal, with related allowance | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 1,885,000 | 2,233,000 | |
Recorded principal, with no related allowance | 1,669,000 | 1,952,000 | |
Average recorded pricinpal, with no related allowance | 1,811,000 | 160,000 | |
Unpaid contractual principal, with related allowance | 50,000 | 51,000 | |
Recorded principal, with related allowance | 50,000 | 51,000 | |
Related allowance | 4,000 | 4,000 | |
Average recorded pricinpal, with related allowance | 50,000 | 1,464,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 773,000 | 880,000 | |
Recorded principal, with no related allowance | 772,000 | 880,000 | |
Average recorded pricinpal, with no related allowance | 826,000 | 317,000 | |
Unpaid contractual principal, with related allowance | 0 | 0 | |
Recorded principal, with related allowance | 0 | 0 | |
Related allowance | 0 | 0 | |
Average recorded pricinpal, with related allowance | 0 | 0 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 405,000 | 452,000 | |
Recorded principal, with no related allowance | 282,000 | 404,000 | |
Average recorded pricinpal, with no related allowance | 343,000 | 714,000 | |
Unpaid contractual principal, with related allowance | 20,000 | 23,000 | |
Recorded principal, with related allowance | 20,000 | 23,000 | |
Related allowance | 1,000 | 0 | |
Average recorded pricinpal, with related allowance | 22,000 | 14,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 1,241,000 | 1,342,000 | |
Recorded principal, with no related allowance | 582,000 | 662,000 | |
Average recorded pricinpal, with no related allowance | 622,000 | 738,000 | |
Unpaid contractual principal, with related allowance | 676,000 | 765,000 | |
Recorded principal, with related allowance | 596,000 | 690,000 | |
Related allowance | 175,000 | 256,000 | |
Average recorded pricinpal, with related allowance | 643,000 | 1,276,000 | |
Unpaid contractual principal, total | 1,917,000 | 2,107,000 | |
Recorded principal, total | 1,178,000 | 1,352,000 | |
Average recorded pricinpal, total | 1,265,000 | 2,014,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 19,000 | 14,000 | |
Recorded principal, with no related allowance | 9,000 | 5,000 | |
Average recorded pricinpal, with no related allowance | 7,000 | 191,000 | |
Unpaid contractual principal, with related allowance | 511,000 | 600,000 | |
Recorded principal, with related allowance | 470,000 | 562,000 | |
Related allowance | 140,000 | 209,000 | |
Average recorded pricinpal, with related allowance | 516,000 | 125,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 1,222,000 | 1,328,000 | |
Recorded principal, with no related allowance | 573,000 | 657,000 | |
Average recorded pricinpal, with no related allowance | 615,000 | 547,000 | |
Unpaid contractual principal, with related allowance | 165,000 | 165,000 | |
Recorded principal, with related allowance | 126,000 | 128,000 | |
Related allowance | 35,000 | 47,000 | |
Average recorded pricinpal, with related allowance | 127,000 | 1,151,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 2,003,000 | 2,275,000 | |
Recorded principal, with no related allowance | 1,551,000 | 1,858,000 | |
Average recorded pricinpal, with no related allowance | 1,704,000 | 1,398,000 | |
Unpaid contractual principal, with related allowance | 0 | 175,000 | |
Recorded principal, with related allowance | 0 | 175,000 | |
Related allowance | 0 | 6,000 | |
Average recorded pricinpal, with related allowance | 88,000 | 142,000 | |
Unpaid contractual principal, total | 2,003,000 | 2,450,000 | |
Recorded principal, total | 1,551,000 | 2,033,000 | |
Average recorded pricinpal, total | 1,792,000 | 1,540,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 394,000 | 471,000 | |
Recorded principal, with no related allowance | 277,000 | 310,000 | |
Average recorded pricinpal, with no related allowance | 293,000 | 504,000 | |
Unpaid contractual principal, with related allowance | 0 | 0 | |
Recorded principal, with related allowance | 0 | 0 | |
Related allowance | 0 | 0 | |
Average recorded pricinpal, with related allowance | 0 | 0 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid contractual principal, with no related allowance | 1,609,000 | 1,804,000 | |
Recorded principal, with no related allowance | 1,274,000 | 1,548,000 | |
Average recorded pricinpal, with no related allowance | 1,411,000 | 894,000 | |
Unpaid contractual principal, with related allowance | 0 | 175,000 | |
Recorded principal, with related allowance | 0 | 175,000 | |
Related allowance | 0 | $ 6,000 | |
Average recorded pricinpal, with related allowance | $ 88,000 | $ 142,000 |
Note 3 - Loans and Allowance 43
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans by Credit Quality Indicators - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | $ 2,295,668,000 | $ 2,277,727,000 | |
Originated Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 1,687,476,000 | 1,616,587,000 | $ 1,328,713,000 |
Acquired Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 608,192,000 | 661,140,000 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 1,974,450,000 | 1,946,696,000 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 714,612,000 | 696,303,000 | |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 39,630,000 | 45,120,000 | |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 441,662,000 | 445,919,000 | |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 666,013,000 | 644,351,000 | |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 112,533,000 | 115,003,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 1,562,777,000 | 1,493,516,000 | $ 1,230,841,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 613,570,000 | 577,872,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 417,049,000 | 417,120,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 196,431,000 | 160,454,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 90,000 | 298,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 28,451,000 | 30,138,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 16,694,000 | 18,118,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 11,617,000 | 10,365,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 140,000 | 1,655,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 334,948,000 | 330,798,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 231,625,000 | 230,629,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 101,552,000 | 98,332,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 1,771,000 | 1,837,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 549,226,000 | 520,754,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 434,645,000 | 400,350,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 114,581,000 | 120,404,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 0 | 0 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 36,582,000 | 33,954,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 19,947,000 | 19,121,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 15,629,000 | 13,806,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 1,006,000 | 1,027,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 411,673,000 | 453,180,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 101,042,000 | 118,431,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 51,717,000 | 67,978,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 46,749,000 | 47,589,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 2,576,000 | 2,864,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 11,179,000 | 14,982,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 2,892,000 | 3,095,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 7,811,000 | 11,364,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 476,000 | 523,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 106,714,000 | 115,121,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 43,806,000 | 45,807,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 58,971,000 | 63,563,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 3,937,000 | 5,751,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 116,787,000 | 123,597,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 66,096,000 | 71,197,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 48,792,000 | 50,066,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 1,899,000 | 2,334,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 75,951,000 | 81,049,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 1 - 4 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 42,159,000 | 44,763,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 5 - 7 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | 33,071,000 | 35,288,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Grade 8 - 9 [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans, credit exposure | $ 721,000 | $ 998,000 |
Note 3 - Loans and Allowance 44
Note 3 - Loans and Allowance for Loan Losses (Details) - Retail Credit Exposure - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | $ 2,295,668,000 | $ 2,277,727,000 | |
Originated Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | 1,687,476,000 | 1,616,587,000 | $ 1,328,713,000 |
Acquired Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | 608,192,000 | 661,140,000 | |
Retail Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | 321,218,000 | 331,031,000 | |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | 135,683,000 | 140,646,000 | |
Retail Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | 185,535,000 | 190,385,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | 124,699,000 | 123,071,000 | $ 97,872,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | 68,342,000 | 67,816,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | 56,357,000 | 55,255,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | 196,519,000 | 207,960,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | 67,341,000 | 72,830,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total retail | $ 129,178,000 | $ 135,130,000 |
Note 3 - Loans and Allowance 45
Note 3 - Loans and Allowance for Loan Losses (Details) - Activity in Allowance for Loan Losses and the Recorded Investments in Loans - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Provision for loan losses | $ 600,000 | $ (400,000) | |
Ending balance | 2,295,668,000 | $ 2,277,727,000 | |
Originated Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 15,233,000 | 19,299,000 | |
Ending balance | 15,972,000 | 20,251,000 | |
Allowance for loan losses: individually evaluated for impairment | 1,088,000 | 10,366,000 | |
Allowance for loan losses: collectively evaluated for impairment | 14,884,000 | 9,885,000 | |
Provision for loan losses | 671,000 | (457,000) | |
Charge-offs | (475,000) | (441,000) | |
Recoveries | 543,000 | 1,850,000 | |
Ending balance | 1,687,476,000 | 1,328,713,000 | 1,616,587,000 |
Loans: individually evaluated for impairment | 17,729,000 | 45,450,000 | |
Loans: collectively evaluated for impairment | 1,669,747,000 | 1,283,263,000 | |
Acquired Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 448,000 | 742,000 | |
Ending balance | 290,000 | 799,000 | |
Provision for loan losses | (71,000) | 57,000 | |
Charge-offs | 0 | (7,000) | |
Recoveries | (87,000) | 7,000 | |
Ending balance | 608,192,000 | 661,140,000 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Ending balance | 1,974,450,000 | 1,946,696,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 13,672,000 | 17,736,000 | |
Ending balance | 13,924,000 | 18,977,000 | |
Allowance for loan losses: individually evaluated for impairment | 913,000 | 10,158,000 | |
Allowance for loan losses: collectively evaluated for impairment | 13,011,000 | 8,819,000 | |
Provision for loan losses | 94,000 | (499,000) | |
Charge-offs | (89,000) | (78,000) | |
Recoveries | 247,000 | 1,818,000 | |
Ending balance | 1,562,777,000 | 1,230,841,000 | 1,493,516,000 |
Loans: individually evaluated for impairment | 16,551,000 | 44,257,000 | |
Loans: collectively evaluated for impairment | 1,546,226,000 | 1,186,584,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 420,000 | 681,000 | |
Ending balance | 266,000 | 622,000 | |
Provision for loan losses | (110,000) | (60,000) | |
Charge-offs | 0 | 0 | |
Recoveries | (44,000) | 1,000 | |
Ending balance | 411,673,000 | 453,180,000 | |
Retail Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Ending balance | 321,218,000 | 331,031,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 1,421,000 | 1,487,000 | |
Ending balance | 1,834,000 | 1,235,000 | |
Allowance for loan losses: individually evaluated for impairment | 175,000 | 208,000 | |
Allowance for loan losses: collectively evaluated for impairment | 1,659,000 | 1,027,000 | |
Provision for loan losses | 503,000 | 79,000 | |
Charge-offs | (386,000) | (363,000) | |
Recoveries | 296,000 | 32,000 | |
Ending balance | 124,699,000 | 97,872,000 | 123,071,000 |
Loans: individually evaluated for impairment | 1,178,000 | 1,193,000 | |
Loans: collectively evaluated for impairment | 123,521,000 | 96,679,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 28,000 | 61,000 | |
Ending balance | 24,000 | 177,000 | |
Provision for loan losses | 39,000 | 117,000 | |
Charge-offs | 0 | (7,000) | |
Recoveries | (43,000) | 6,000 | |
Ending balance | 196,519,000 | $ 207,960,000 | |
Unallocated Financing Receivables [Member] | Originated Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 140,000 | 76,000 | |
Ending balance | 214,000 | 39,000 | |
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | |
Allowance for loan losses: collectively evaluated for impairment | 214,000 | 39,000 | |
Provision for loan losses | 74,000 | (37,000) | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Unallocated Financing Receivables [Member] | Acquired Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 0 | 0 | |
Ending balance | 0 | 0 | |
Provision for loan losses | 0 | 0 | |
Charge-offs | 0 | 0 | |
Recoveries | $ 0 | $ 0 |
Note 3 - Loans and Allowance 46
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings | 3 Months Ended | |
Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($) | |
Originated Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 1 | 6 |
Pre-Modification Recorded Principal Balance | $ 20,000 | $ 568,000 |
Post-Modification Recorded Principal Balance | $ 20,000 | $ 593,000 |
Acquired Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 2 | 3 |
Pre-Modification Recorded Principal Balance | $ 45,000 | $ 129,000 |
Post-Modification Recorded Principal Balance | $ 45,000 | $ 129,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 1 | 6 |
Pre-Modification Recorded Principal Balance | $ 20,000 | $ 568,000 |
Post-Modification Recorded Principal Balance | $ 20,000 | $ 593,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 1 | 6 |
Pre-Modification Recorded Principal Balance | $ 20,000 | $ 568,000 |
Post-Modification Recorded Principal Balance | $ 20,000 | $ 593,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 0 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 0 |
Post-Modification Recorded Principal Balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 0 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 0 |
Post-Modification Recorded Principal Balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 0 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 0 |
Post-Modification Recorded Principal Balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 0 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 0 |
Post-Modification Recorded Principal Balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 3 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 129,000 |
Post-Modification Recorded Principal Balance | $ 0 | $ 129,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 1 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 79,000 |
Post-Modification Recorded Principal Balance | $ 0 | $ 79,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 0 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 0 |
Post-Modification Recorded Principal Balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 2 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 50,000 |
Post-Modification Recorded Principal Balance | $ 0 | $ 50,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 0 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 0 |
Post-Modification Recorded Principal Balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 0 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 0 |
Post-Modification Recorded Principal Balance | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 0 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 0 |
Post-Modification Recorded Principal Balance | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 0 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 0 |
Post-Modification Recorded Principal Balance | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 0 | 0 |
Pre-Modification Recorded Principal Balance | $ 0 | $ 0 |
Post-Modification Recorded Principal Balance | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 2 | 0 |
Pre-Modification Recorded Principal Balance | $ 45,000 | $ 0 |
Post-Modification Recorded Principal Balance | $ 45,000 | $ 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 1 | 0 |
Pre-Modification Recorded Principal Balance | $ 26,000 | $ 0 |
Post-Modification Recorded Principal Balance | $ 26,000 | $ 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 1 | 0 |
Pre-Modification Recorded Principal Balance | $ 19,000 | $ 0 |
Post-Modification Recorded Principal Balance | $ 19,000 | $ 0 |
Note 3 - Loans and Allowance 47
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due | 3 Months Ended | |
Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($) | |
Originated Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Acquired Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 1 |
Recorded principal balance | $ 0 | $ 1,339,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 1 |
Recorded principal balance | $ 0 | $ 1,339,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 1 |
Recorded principal balance | $ 0 | $ 1,339,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings within the Previous Twelve Months That Became Over 30 Days Past Due [Line Items] | ||
Number of contracts | 0 | 0 |
Recorded principal balance | $ 0 | $ 0 |
Note 3 - Loans and Allowance 48
Note 3 - Loans and Allowance for Loan Losses (Details) - Activity for Troubled Debt Restructurings - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | $ 2,028,000 | $ 7,026,000 |
Ending Balance | 1,946,000 | 6,556,000 |
Charge-Offs | 0 | 0 |
Payments | (101,000) | (1,155,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 19,000 | 685,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 2,086,000 | 2,680,000 |
Ending Balance | 2,062,000 | 2,654,000 |
Charge-Offs | 0 | 0 |
Payments | (24,000) | (26,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 1,400,000 | 17,160,000 |
Ending Balance | 1,369,000 | 16,966,000 |
Charge-Offs | 0 | 0 |
Payments | (31,000) | (194,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 10,657,000 | 17,439,000 |
Ending Balance | 10,529,000 | 16,063,000 |
Charge-Offs | 0 | 0 |
Payments | (128,000) | (1,376,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 476,000 | 505,000 |
Ending Balance | 469,000 | 498,000 |
Charge-Offs | 0 | 0 |
Payments | (7,000) | (7,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 1,686,000 | 1,439,000 |
Ending Balance | 1,687,000 | 1,519,000 |
Charge-Offs | (48,000) | 0 |
Payments | 0 | 0 |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 49,000 | 80,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 0 | 0 |
Ending Balance | 0 | 0 |
Charge-Offs | 0 | 0 |
Payments | 0 | 0 |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 1,652,000 | 1,569,000 |
Ending Balance | 1,455,000 | 1,492,000 |
Charge-Offs | 0 | 0 |
Payments | (197,000) | (179,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 102,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 647,000 | 64,000 |
Ending Balance | 637,000 | 62,000 |
Charge-Offs | 0 | 0 |
Payments | (10,000) | (2,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 331,000 | 381,000 |
Ending Balance | 278,000 | 333,000 |
Charge-Offs | 0 | 0 |
Payments | (53,000) | (48,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 146,000 | 0 |
Ending Balance | 146,000 | 0 |
Charge-Offs | 0 | 0 |
Payments | 0 | 0 |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | 1-4 Family Mortgages [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 128,000 | 1,967,000 |
Ending Balance | 126,000 | 302,000 |
Charge-Offs | 0 | (125,000) |
Payments | (2,000) | (1,540,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 141,000 | 26,000 |
Ending Balance | 161,000 | 0 |
Charge-Offs | 0 | 0 |
Payments | (6,000) | (26,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 26,000 | 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | 1-4 Family Mortgages [Member] | ||
Commercial Loan Portfolio: | ||
Beginning Balance | 316,000 | 178,000 |
Ending Balance | 335,000 | 177,000 |
Charge-Offs | 0 | 0 |
Payments | 0 | (1,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | $ 19,000 | $ 0 |
Note 3 - Loans and Allowance 49
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | $ 713,000 | $ 1,108,000 |
Commercial Portfolio Segment [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 695,000 | 1,088,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 147,000 | 221,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 29,000 | 186,000 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 111,000 | 115,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 188,000 | 201,000 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 220,000 | 365,000 |
Retail Portfolio Segment [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 18,000 | 20,000 |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | 18,000 | 14,000 |
Retail Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings [Line Items] | ||
Allowance for losses, troubled debt restructurings | $ 0 | $ 6,000 |
Note 4 - Premises and Equipme50
Note 4 - Premises and Equipment, Net (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation | $ 0.7 | $ 0.8 |
Note 4 - Premises and Equipme51
Note 4 - Premises and Equipment, Net (Details) - Summary of Premises and Equipment - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | $ 72,621,000 | $ 72,901,000 |
Less: accumulated depreciation | 26,658,000 | 26,039,000 |
Premises and equipment, net | 45,963,000 | 46,862,000 |
Land and Land Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | 16,438,000 | 16,529,000 |
Building [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | 39,223,000 | 39,394,000 |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | $ 16,960,000 | $ 16,978,000 |
Note 5 - Deposits (Details)
Note 5 - Deposits (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | |
Disclosure Text Block [Abstract] | ||
Deposits | $ 2,265,122,000 | $ 2,275,382,000 |
Increase (Decrease) in Deposits | $ (10,300,000) | |
Aggregate Increase (Decrease) in Percentage of Deposits | (0.50%) |
Note 5 - Deposits (Details) - S
Note 5 - Deposits (Details) - Summary of Deposits - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | |
Summary of Deposits [Abstract] | ||
Noninterest-bearing demand (in Dollars) | $ 678,100,000 | $ 674,568,000 |
Noninterest-bearing demand | 29.90% | 29.60% |
Noninterest-bearing demand | 0.50% | |
Interest-bearing checking (in Dollars) | $ 372,519,000 | $ 403,354,000 |
Interest-bearing checking | 16.40% | 17.70% |
Interest-bearing checking | (7.60%) | |
Money market (in Dollars) | $ 309,906,000 | $ 274,395,000 |
Money market | 13.70% | 12.10% |
Money market | 12.90% | |
Savings (in Dollars) | $ 339,089,000 | $ 332,794,000 |
Savings | 15.00% | 14.60% |
Savings | 1.90% | |
Time, under $100,000 (in Dollars) | $ 152,008,000 | $ 155,655,000 |
Time, under $100,000 | 6.70% | 6.90% |
Time, under $100,000 | (2.30%) | |
Time, $100,000 and over (in Dollars) | $ 309,842,000 | $ 313,247,000 |
Time, $100,000 and over | 13.70% | 13.80% |
Time, $100,000 and over | (1.10%) | |
(in Dollars) | $ 2,161,464,000 | $ 2,154,013,000 |
95.40% | 94.70% | |
0.30% | ||
Out-of-area time, under $100,000 (in Dollars) | $ 149,000 | $ 149,000 |
Out-of-area time, under $100,000 | 0.10% | 0.10% |
Out-of-area time, under $100,000 | 0.00% | |
Out-of-area time, $100,000 and over (in Dollars) | $ 103,509,000 | $ 121,220,000 |
Out-of-area time, $100,000 and over | 4.60% | 5.30% |
Out-of-area time, $100,000 and over | (14.60%) | |
(in Dollars) | $ 103,658,000 | $ 121,369,000 |
4.60% | 5.30% | |
(14.60%) | ||
Total deposits (in Dollars) | $ 2,265,122,000 | $ 2,275,382,000 |
Total deposits | 100.00% | 100.00% |
Total deposits | (0.50%) |
Note 6 - Securities Sold Unde54
Note 6 - Securities Sold Under Agreements to Repurchase (Details) | 3 Months Ended |
Mar. 31, 2016 | |
Maximum [Member] | |
Note 6 - Securities Sold Under Agreements to Repurchase (Details) [Line Items] | |
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 1 year |
Note 6 - Securities Sold Unde55
Note 6 - Securities Sold Under Agreements to Repurchase (Details) - Securities Sold Under Agreement to Repurchase - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Securities Sold Under Agreement to Repurchase [Abstract] | ||
Outstanding balance at end of period | $ 162,312,000 | $ 154,771,000 |
Average interest rate at end of period | 0.11% | 0.11% |
Average daily balance during the period | $ 158,281,000 | $ 146,826,000 |
Average interest rate during the period | 0.11% | 0.11% |
Maximum daily balance during the period | $ 175,088,000 | $ 168,211,000 |
Note 7 - Federal Home Loan Ba56
Note 7 - Federal Home Loan Bank Advances (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Note 7 - Federal Home Loan Bank Advances (Details) [Line Items] | ||
Long-term Federal Home Loan Bank Advances (in Dollars) | $ 98,000,000 | $ 68,000,000 |
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars) | 499,000,000 | |
Line of Credit Facility, Remaining Borrowing Capacity (in Dollars) | 401,000,000 | |
Federal Home Loan Bank of Indianapolis [Member] | ||
Note 7 - Federal Home Loan Bank Advances (Details) [Line Items] | ||
Long-term Federal Home Loan Bank Advances (in Dollars) | $ 98,000,000 | $ 68,000,000 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.53% | 1.49% |
Federal Home Loan Bank of Indianapolis [Member] | Minimum [Member] | ||
Note 7 - Federal Home Loan Bank Advances (Details) [Line Items] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 1.22% | 1.22% |
Federal Home Loan Bank of Indianapolis [Member] | Maximum [Member] | ||
Note 7 - Federal Home Loan Bank Advances (Details) [Line Items] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 2.11% | 2.11% |
Note 7 - Federal Home Loan Ba57
Note 7 - Federal Home Loan Bank Advances (Details) - Maturities of Currently Outstanding FHLB Advances | Mar. 31, 2016USD ($) |
Maturities of Currently Outstanding FHLB Advances [Abstract] | |
2,016 | $ 3,000,000 |
2,017 | 45,000,000 |
2,018 | 0 |
2,019 | 10,000,000 |
2,020 | 10,000,000 |
Thereafter | $ 30,000,000 |
Note 8 - Commitments and Off-58
Note 8 - Commitments and Off-balance Sheet Risk (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | |
Note 8 - Commitments and Off-balance Sheet Risk (Details) [Line Items] | ||
Reserve or Liability Balance for Financial Instruments with Off-balance Sheet Risk | $ 0 | $ 0 |
Interest Rate Swap [Member] | ||
Note 8 - Commitments and Off-balance Sheet Risk (Details) [Line Items] | ||
Derivative, Notional Amount | 14,500,000 | |
Derivative, Fair Value, Net | $ (2,500,000) | |
Minimum [Member] | ||
Note 8 - Commitments and Off-balance Sheet Risk (Details) [Line Items] | ||
Fees Accreted Into Income During Interest Rate Swap Agreements, Term | 4 years | |
Maximum [Member] | ||
Note 8 - Commitments and Off-balance Sheet Risk (Details) [Line Items] | ||
Fees Accreted Into Income During Interest Rate Swap Agreements, Term | 15 years |
Note 8 - Commitments and Off-59
Note 8 - Commitments and Off-balance Sheet Risk (Details) - Exposure to Credit Losses - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Note 8 - Commitments and Off-balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ||
Contractual amounts of financial instruments with off-balance sheet risk | $ 839,429,000 | $ 821,738,000 |
Loan Origination Commitments [Member] | ||
Note 8 - Commitments and Off-balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 218,392,000 | 178,034,000 |
Standby Letters of Credit [Member] | ||
Note 8 - Commitments and Off-balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 33,567,000 | 34,946,000 |
Commercial Portfolio Segment [Member] | Unused lines of Credit [Member] | ||
Note 8 - Commitments and Off-balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 501,735,000 | 522,658,000 |
1-4 Family Mortgages [Member] | Unused lines of Credit [Member] | ||
Note 8 - Commitments and Off-balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 62,364,000 | 61,905,000 |
Consumer Portfolio Segment [Member] | Unused lines of Credit [Member] | ||
Note 8 - Commitments and Off-balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 16,874,000 | 15,612,000 |
Consumer Other Financing Receivable 1 [Member] | Unused lines of Credit [Member] | ||
Note 8 - Commitments and Off-balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ||
Contractual amounts of financial instruments with off-balance sheet risk | $ 6,497,000 | $ 8,583,000 |
Note 9 - Hedging Activities (De
Note 9 - Hedging Activities (Details) - USD ($) | 1 Months Ended | |||||
Jan. 31, 2016 | Feb. 29, 2012 | Mar. 31, 2016 | Jan. 26, 2016 | Jan. 25, 2016 | Dec. 31, 2015 | |
Note 9 - Hedging Activities (Details) [Line Items] | ||||||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust | $ 32,000,000 | $ 44,324,000 | $ 55,154,000 | |||
Fair Value of Interest Rate Swap Agreement Liability | $ 300,000 | $ 300,000 | ||||
London Interbank Offered Rate (LIBOR) [Member] | Junior Subordinated Debt [Member] | ||||||
Note 9 - Hedging Activities (Details) [Line Items] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 2.18% | |||||
Derivative, Notional Amount | $ 32,000,000 | $ 21,000,000 | $ 32,000,000 | |||
Debt Instrument, Repurchased Face Amount | $ 11,000,000 | |||||
Interest Expense, Debt | $ 200,000 | |||||
Debt Instrument, Repurchase Amount | $ 11,000,000 |
Note 10 - Fair Values of Fina61
Note 10 - Fair Values of Financial Instruments (Details) - Fair Value Hierarchy of Financial Instruments - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | |
Financial assets: | |||
Securities available for sale | [1] | $ 343,805,000 | $ 346,992,000 |
FHLBI stock | [2] | 7,567,000 | 7,567,000 |
FHLBI stock | [2] | 7,567,000 | 7,567,000 |
Bank owned life insurance | 59,248,000 | 58,971,000 | |
Financial liabilities: | |||
Deposits | 2,265,122,000 | 2,275,382,000 | |
Repurchase agreements | 162,312,000 | 154,771,000 | |
Accrued interest payable | 17,745,000 | 16,445,000 | |
Interest Rate Swap [Member] | |||
Financial liabilities: | |||
Interest rate swap | [1] | 274,000 | 253,000 |
Interest rate swap | [1] | 274,000 | 253,000 |
Fair Value, Inputs, Level 1 [Member] | |||
Financial assets: | |||
Cash | 12,146,000 | 12,496,000 | |
Cash | 12,146,000 | 12,496,000 | |
Securities available for sale | 0 | ||
Fair Value, Inputs, Level 2 [Member] | |||
Financial assets: | |||
Cash equivalents | 89,035,000 | 77,395,000 | |
Cash equivalents | 89,035,000 | 77,395,000 | |
Loans held for sale | 544,000 | 1,316,000 | |
Loans held for sale | 544,000 | 1,316,000 | |
Bank owned life insurance | 59,248,000 | 58,971,000 | |
Bank owned life insurance | 59,248,000 | 58,971,000 | |
Accrued interest receivable | 8,202,000 | 7,836,000 | |
Accrued interest receivable | 8,202,000 | 7,836,000 | |
Financial liabilities: | |||
Deposits | 2,265,122,000 | 2,275,382,000 | |
Deposits | 2,205,359,000 | 2,208,724,000 | |
Repurchase agreements | 162,312,000 | 154,771,000 | |
Repurchase agreements | 162,312,000 | 154,771,000 | |
FHLBI advances | 98,000,000 | 68,000,000 | |
FHLBI advances | 99,553,000 | 68,858,000 | |
Subordinated debentures | 44,324,000 | 55,154,000 | |
Subordinated debentures | 44,345,000 | 55,760,000 | |
Accrued interest payable | 1,422,000 | 1,479,000 | |
Accrued interest payable | 1,422,000 | 1,479,000 | |
Fair Value, Inputs, Level 3 [Member] | |||
Financial assets: | |||
Loans, net | 2,278,862,000 | 2,260,730,000 | |
Loans, net | $ 2,275,910,000 | $ 2,259,710,000 | |
[1] | See Note 11 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. | ||
[2] | It is not practical to determine the fair value of FHLBI stock due to transferability restrictions. |
Note 11 - Fair Values (Details)
Note 11 - Fair Values (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | |
Note 11 - Fair Values (Details) [Line Items] | |||
Available-for-sale Securities | [1] | $ 343,805,000 | $ 346,992,000 |
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage | 500,000 | 1,300,000 | |
Available-for-sale Securities [Member] | |||
Note 11 - Fair Values (Details) [Line Items] | |||
Valuation Allowances and Reserves, Balance | 0 | $ 0 | |
Fair Value, Inputs, Level 1 [Member] | |||
Note 11 - Fair Values (Details) [Line Items] | |||
Available-for-sale Securities | $ 0 | ||
[1] | See Note 11 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. |
Note 11 - Fair Values (Detail63
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | |
Available for sale securities | |||
Available for sale securities | [1] | $ 343,805,000 | $ 346,992,000 |
Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Total | 343,531,000 | 346,739,000 | |
US Government Agencies Debt Securities [Member] | |||
Available for sale securities | |||
Available for sale securities | 142,896,000 | 147,040,000 | |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 142,896,000 | 147,040,000 | |
Collateralized Mortgage Backed Securities [Member] | |||
Available for sale securities | |||
Available for sale securities | 62,461,000 | 67,074,000 | |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 62,461,000 | 67,074,000 | |
Municipal General Obligation Bonds [Member] | |||
Available for sale securities | |||
Available for sale securities | 127,594,000 | 122,023,000 | |
Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 127,594,000 | 122,023,000 | |
Municipal Revenue Bonds [Member] | |||
Available for sale securities | |||
Available for sale securities | 8,885,000 | 8,914,000 | |
Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 8,885,000 | 8,914,000 | |
Other Debt Obligations [Member] | |||
Available for sale securities | |||
Available for sale securities | 1,969,000 | 1,941,000 | |
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 1,969,000 | 1,941,000 | |
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Interest rate swap | (274,000) | (253,000) | |
Fair Value, Inputs, Level 1 [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Total | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Interest rate swap | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Total | 335,112,000 | 338,320,000 | |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 142,896,000 | 147,040,000 | |
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 62,461,000 | 67,074,000 | |
Fair Value, Inputs, Level 2 [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 119,175,000 | 113,604,000 | |
Fair Value, Inputs, Level 2 [Member] | Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 8,885,000 | 8,914,000 | |
Fair Value, Inputs, Level 2 [Member] | Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 1,969,000 | 1,941,000 | |
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Interest rate swap | (274,000) | (253,000) | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Total | 8,419,000 | 8,419,000 | |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 8,419,000 | 8,419,000 | |
Fair Value, Inputs, Level 3 [Member] | Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available for sale securities | |||
Interest rate swap | $ 0 | $ 0 | |
[1] | See Note 11 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. |
Note 11 - Fair Values (Detail64
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis - Fair Value, Measurements, Nonrecurring [Member] - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Line Items] | |||
Impaired loans | [1] | $ 8,960,000 | $ 8,970,000 |
Foreclosed assets | [1] | 1,478,000 | 1,293,000 |
Assets and liabilities measured at fair value on a nonrecurring basis | 10,438,000 | 10,263,000 | |
Fair Value, Inputs, Level 1 [Member] | |||
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Line Items] | |||
Impaired loans | [1] | 0 | 0 |
Foreclosed assets | [1] | 0 | 0 |
Assets and liabilities measured at fair value on a nonrecurring basis | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | |||
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Line Items] | |||
Impaired loans | [1] | 0 | 0 |
Foreclosed assets | [1] | 0 | 0 |
Assets and liabilities measured at fair value on a nonrecurring basis | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | |||
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Line Items] | |||
Impaired loans | [1] | 8,960,000 | 8,970,000 |
Foreclosed assets | [1] | 1,478,000 | 1,293,000 |
Assets and liabilities measured at fair value on a nonrecurring basis | $ 10,438,000 | $ 10,263,000 | |
[1] | Represents carrying value and related write-downs for which adjustments are based on the estimated value of the property or other assets. |
Note 12 - Regulatory Matters (D
Note 12 - Regulatory Matters (Details) - USD ($) | Jun. 23, 2016 | Apr. 14, 2016 | Mar. 23, 2016 | Jan. 26, 2016 | Jan. 14, 2016 | Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Apr. 19, 2016 | Dec. 31, 2015 | Jan. 30, 2015 | Feb. 29, 2012 | Dec. 31, 2009 |
Note 12 - Regulatory Matters (Details) [Line Items] | |||||||||||||
Trust Preferred Securities Included in Tier One Capital | $ 42,300,000 | $ 42,300,000 | $ 53,100,000 | ||||||||||
Maximum Restricted Core Element Allowed in Tier One Capital, Percent | 25.00% | ||||||||||||
Maximum Level of Consolidated Aggregate Assets Allowing for Inclusion of Trust Preferred Securities in Tier One Capital | $ 15,000,000,000 | ||||||||||||
Preferred Securities of Subsidiary Trust | $ 42,300,000 | 42,300,000 | 53,100,000 | ||||||||||
Payments for Repurchase of Trust Preferred Securities | 8,030,000 | $ 0 | |||||||||||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust | 44,324,000 | $ 44,324,000 | $ 55,154,000 | $ 32,000,000 | |||||||||
Gain (Loss) on Repurchase of Trust Preferred Securities, After Tax | $ 2,970,000 | $ 0 | |||||||||||
Increase (Decrease) in Tangible Equity to Tangible Assets Ratio, Basis Point | 0.09% | ||||||||||||
Increase (Decrease) in Tangible Book Value Per Share (in Dollars per share) | $ 0.11 | ||||||||||||
Increase (Decrease) in Tier One Capital and Total Risk-based Capital Ratio, Basis Point | (0.35%) | ||||||||||||
Common Stock, Dividends, Per Share, Declared (in Dollars per share) | $ 0.16 | ||||||||||||
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share) | $ 0.16 | $ 0.16 | $ 0.14 | ||||||||||
Stock Repurchase Program, Authorized Amount | $ 20,000,000 | ||||||||||||
Stock Repurchased During Period, Shares (in Shares) | 148,000 | 936,000 | |||||||||||
Treasury Stock Acquired, Average Cost Per Share (in Dollars per share) | $ 22.07 | $ 20.32 | |||||||||||
Stock Repurchased During Period, Value | $ 3,300,000 | $ 19,000,000 | |||||||||||
Scenario, Forecast [Member] | |||||||||||||
Note 12 - Regulatory Matters (Details) [Line Items] | |||||||||||||
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share) | $ 0.16 | ||||||||||||
Mercantile Bank Capital Trust I [Member] | |||||||||||||
Note 12 - Regulatory Matters (Details) [Line Items] | |||||||||||||
Preferred Securities of Subsidiary Trust | $ 32,000,000 | ||||||||||||
Payments for Repurchase of Trust Preferred Securities | 11,000,000 | ||||||||||||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust | $ 21,000,000 | ||||||||||||
Percentage of Trust Preferred Securities Face Amount Paid | 73.00% | ||||||||||||
Discount Rate of Trust Preferred Securities | 27.00% | ||||||||||||
Gain (Loss) on Repurchase of Trust Preferred Securities, before Tax | $ 3,000,000 | ||||||||||||
Gain (Loss) on Repurchase of Trust Preferred Securities, After Tax | $ 1,800,000 | ||||||||||||
Gain (Loss) on Repurchase of Trust Preferred Securities, Per Diluted Share (in Dollars per share) | $ 0.11 | ||||||||||||
Mercantile Bank Capital Trust I [Member] | Fund [Member] | |||||||||||||
Note 12 - Regulatory Matters (Details) [Line Items] | |||||||||||||
Preferred Securities of Subsidiary Trust | $ 11,000,000 | ||||||||||||
Bank [Member] | |||||||||||||
Note 12 - Regulatory Matters (Details) [Line Items] | |||||||||||||
Increase (Decrease) in Capital Ratio, Basis Point | (0.35%) | ||||||||||||
Subsequent Event [Member] | |||||||||||||
Note 12 - Regulatory Matters (Details) [Line Items] | |||||||||||||
Common Stock, Dividends, Per Share, Declared (in Dollars per share) | $ 0.16 | ||||||||||||
Stock Repurchase Program, Additional Authorized Amount | $ 15,000,000 |
Note 12 - Regulatory Matters 66
Note 12 - Regulatory Matters (Details) - Actual Capital Levels and Minimum Levels - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Consolidated Entities [Member] | ||
Total capital (to risk weighted assets) | ||
Total capital (to risk weighted assets), actual amount | $ 340,557 | $ 345,539 |
Total capital (to risk weighted assets), actual ratio | 13.10% | 13.50% |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 207,722 | $ 205,602 |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes ratio | 8.00% | 8.00% |
Total capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | ||
Total capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations, ratio | ||
Tier 1 capital (to risk weighted assets) | ||
Tier 1 capital (to risk weighted assets), actual amount | $ 324,296 | $ 329,858 |
Tier 1 capital (to risk weighted assets), actual ratio | 12.50% | 12.80% |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 155,792 | $ 154,201 |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes ratio | 6.00% | 6.00% |
Tier 1 capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | ||
Tier 1 capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations, ratio | ||
Common equity tier 1 (to risk weighted assets) | ||
Common equity tier 1 (to risk weighted assets), actual amount | $ 282,044 | $ 280,171 |
Common equity tier 1 (to risk weighted assets), actual ratio | 10.90% | 10.90% |
Common equity tier 1 (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 116,844 | $ 115,804 |
Common equity tier 1 (to risk weighted assets), minimum required for capital adequacy purposes ratio | 4.50% | 4.50% |
Common equity tier 1 (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | ||
Common equity tier 1 (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations, ratio | ||
Tier 1 capital (to average assets) | ||
Tier 1 capital (to average assets), actual amount | $ 324,296 | $ 329,858 |
Tier 1 capital (to average assets), actual ratio | 11.40% | 11.60% |
Tier 1 capital (to average assets), minimum required for capital adequacy purposes amount | $ 113,529 | $ 114,138 |
Tier 1 capital (to risk average assets), minimum required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital (to risk average assets), minimum required to be well capitalized under prompt corrective action regulations amount | ||
Tier 1 capital (to risk average assets), minimum required to be well capitalized under prompt corrective action regulations, ratio | ||
Bank [Member] | ||
Total capital (to risk weighted assets) | ||
Total capital (to risk weighted assets), actual amount | $ 340,668 | $ 347,433 |
Total capital (to risk weighted assets), actual ratio | 13.10% | 13.50% |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 207,495 | $ 205,624 |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes ratio | 8.00% | 8.00% |
Total capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | $ 259,369 | $ 257,030 |
Total capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations, ratio | 10.00% | 10.00% |
Tier 1 capital (to risk weighted assets) | ||
Tier 1 capital (to risk weighted assets), actual amount | $ 324,406 | $ 331,752 |
Tier 1 capital (to risk weighted assets), actual ratio | 12.50% | 12.90% |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 155,622 | $ 154,218 |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes ratio | 6.00% | 6.00% |
Tier 1 capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | $ 207,495 | $ 205,624 |
Tier 1 capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations, ratio | 8.00% | 8.00% |
Common equity tier 1 (to risk weighted assets) | ||
Common equity tier 1 (to risk weighted assets), actual amount | $ 324,406 | $ 331,752 |
Common equity tier 1 (to risk weighted assets), actual ratio | 12.50% | 12.90% |
Common equity tier 1 (to risk weighted assets), minimum required for capital adequacy purposes amount | $ 116,716 | $ 115,664 |
Common equity tier 1 (to risk weighted assets), minimum required for capital adequacy purposes ratio | 4.50% | 4.50% |
Common equity tier 1 (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | $ 168,590 | $ 167,070 |
Common equity tier 1 (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations, ratio | 6.50% | 6.50% |
Tier 1 capital (to average assets) | ||
Tier 1 capital (to average assets), actual amount | $ 324,406 | $ 331,752 |
Tier 1 capital (to average assets), actual ratio | 11.40% | 11.60% |
Tier 1 capital (to average assets), minimum required for capital adequacy purposes amount | $ 113,448 | $ 114,280 |
Tier 1 capital (to risk average assets), minimum required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital (to risk average assets), minimum required to be well capitalized under prompt corrective action regulations amount | $ 141,810 | $ 142,850 |
Tier 1 capital (to risk average assets), minimum required to be well capitalized under prompt corrective action regulations, ratio | 5.00% | 5.00% |