Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2018 | Apr. 30, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | MERCANTILE BANK CORPORATION | |
Entity Central Index Key | 1,042,729 | |
Trading Symbol | mbwm | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 16,598,027 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 47,278,000 | $ 55,127,000 |
Interest-earning deposits | 163,879,000 | 144,974,000 |
Total cash and cash equivalents | 211,157,000 | 200,101,000 |
Securities available for sale | 336,988,000 | 335,744,000 |
Federal Home Loan Bank stock | 11,036,000 | 11,036,000 |
Loans | 2,551,204,000 | 2,558,552,000 |
Allowance for loan losses | (19,974,000) | (19,501,000) |
Loans, net | 2,531,230,000 | 2,539,051,000 |
Premises and equipment, net | 46,300,000 | 46,034,000 |
Bank owned life insurance | 69,010,000 | 68,689,000 |
Goodwill | 49,473,000 | 49,473,000 |
Core deposit intangible | 7,044,000 | 7,600,000 |
Other assets | 31,662,000 | 28,976,000 |
Total assets | 3,293,900,000 | 3,286,704,000 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Noninterest-bearing | 830,187,000 | 866,380,000 |
Interest-bearing | 1,709,866,000 | 1,655,985,000 |
Total deposits | 2,540,053,000 | 2,522,365,000 |
Securities sold under agreements to repurchase | 104,894,000 | 118,748,000 |
Federal Home Loan Bank advances | 220,000,000 | 220,000,000 |
Subordinated debentures | 45,688,000 | 45,517,000 |
Accrued interest and other liabilities | 14,925,000 | 14,204,000 |
Total liabilities | 2,925,560,000 | 2,920,834,000 |
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; 16,598,466 shares outstanding at March 31, 2018 and 16,592,125 shares outstanding at December 31, 2017 | 310,601,000 | 309,772,000 |
Retained earnings | 68,241,000 | 61,001,000 |
Accumulated other comprehensive income (loss) | (10,502,000) | (4,903,000) |
Total shareholders’ equity | 368,340,000 | 365,870,000 |
Total liabilities and shareholders’ equity | $ 3,293,900,000 | $ 3,286,704,000 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 40,000,000 | 40,000,000 |
Common stock, shares outstanding (in shares) | 16,598,466 | 16,592,125 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Interest income | ||
Loans, including fees | $ 32,315,000 | $ 26,733,000 |
Securities, taxable | 1,602,000 | 1,278,000 |
Securities, tax-exempt | 594,000 | 550,000 |
Other interest-earning assets | 470,000 | 143,000 |
Total interest income | 34,981,000 | 28,704,000 |
Interest expense | ||
Deposits | 3,085,000 | 1,868,000 |
Short-term borrowings | 57,000 | 51,000 |
Federal Home Loan Bank advances | 945,000 | 655,000 |
Subordinated debentures and other borrowings | 695,000 | 621,000 |
Total interest expense | 4,782,000 | 3,195,000 |
Net interest income | 30,199,000 | 25,509,000 |
Provision for loan losses | 0 | 600,000 |
Net interest income after provision for loan losses | 30,199,000 | 24,909,000 |
Noninterest income: | ||
Earnings on bank owned life insurance | 331,000 | 1,738,000 |
Other income | 870,000 | 866,000 |
Total noninterest income | 4,381,000 | 5,851,000 |
Noninterest expense | ||
Salaries and benefits | 12,337,000 | 11,272,000 |
Occupancy | 1,772,000 | 1,554,000 |
Furniture and equipment depreciation, rent and maintenance | 548,000 | 535,000 |
Data processing costs | 2,128,000 | 2,011,000 |
Other expense | 4,362,000 | 4,404,000 |
Total noninterest expenses | 21,147,000 | 19,776,000 |
Income before federal income tax expense | 13,433,000 | 10,984,000 |
Federal income tax expense | 2,552,000 | 3,369,000 |
Net income | $ 10,881,000 | $ 7,615,000 |
Basic earnings per share (in dollars per share) | $ 0.66 | $ 0.46 |
Diluted earnings per share (in dollars per share) | 0.66 | 0.46 |
Cash dividends per common share (in dollars per share) | $ 0.22 | $ 0.18 |
Average basic shares outstanding (in shares) | 16,595,115 | 16,434,647 |
Average diluted shares outstanding (in shares) | 16,604,325 | 16,449,210 |
Deposit Account [Member] | ||
Noninterest income: | ||
Noninterest income | $ 1,053,000 | $ 1,018,000 |
Credit and Debit Card [Member] | ||
Noninterest income: | ||
Noninterest income | 1,243,000 | 1,106,000 |
Mortgage Banking [Member] | ||
Noninterest income: | ||
Noninterest income | $ 884,000 | $ 1,123,000 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Net income | $ 10,881,000 | $ 7,615,000 |
Other comprehensive income (loss): | ||
Unrealized holding gains (losses) on securities available for sale | (7,142,000) | 980,000 |
Fair value of interest rate swap | 2,000 | 42,000 |
Total other comprehensive income (loss) | (7,140,000) | 1,022,000 |
Tax effect of unrealized holding gains (losses) on securities available for sale | 1,500,000 | (343,000) |
Tax effect of fair value of interest rate swap | (1,000) | (15,000) |
Total tax effect of other comprehensive income | 1,499,000 | (358,000) |
Other comprehensive income (loss), net of tax effect | (5,641,000) | 664,000 |
Comprehensive income | $ 5,240,000 | $ 8,279,000 |
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 |
Balances at Dec. 31, 2016 | $ 0 | $ 305,488,000 | $ 40,904,000 | $ (5,581,000) | $ 340,811,000 |
Employee stock purchase plan | 12,000 | 12,000 | |||
Dividend reinvestment plan | 1,145,000 | 1,145,000 | |||
Stock option exercises | 248,000 | 248,000 | |||
Stock grant for director fees | 2,000 | 2,000 | |||
Stock-based compensation expense | 476,000 | 476,000 | |||
Cash dividends | (2,923,000) | (2,923,000) | |||
Net income | 7,615,000 | 7,615,000 | |||
Change in net unrealized holding gain/(loss) on securities available for sale, net of tax effect | 637,000 | 637,000 | |||
Change in fair value of interest rate swap, net of tax effect | 27,000 | 27,000 | |||
Balances at Mar. 31, 2017 | 0 | 307,371,000 | 45,596,000 | (4,917,000) | 348,050,000 |
Balances at Dec. 31, 2017 | 0 | 309,772,000 | 61,001,000 | (4,903,000) | 365,870,000 |
Reclassification of equity securities related to ASU 2016-01 adoption at Dec. 31, 2017 | (42,000) | 42,000 | 0 | ||
Employee stock purchase plan | 14,000 | 14,000 | |||
Dividend reinvestment plan | 164,000 | 164,000 | |||
Stock option exercises | 54,000 | 54,000 | |||
Stock-based compensation expense | 597,000 | 597,000 | |||
Cash dividends | (3,599,000) | (3,599,000) | |||
Net income | 10,881,000 | 10,881,000 | |||
Change in net unrealized holding gain/(loss) on securities available for sale, net of tax effect | (5,642,000) | (5,642,000) | |||
Change in fair value of interest rate swap, net of tax effect | 1,000 | 1,000 | |||
Balances at Mar. 31, 2018 | $ 0 | $ 310,601,000 | $ 68,241,000 | $ (10,502,000) | $ 368,340,000 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash dividends per common share (in dollars per share) | $ 0.22 | $ 0.18 |
Retained Earnings [Member] | ||
Cash dividends per common share (in dollars per share) | $ 0.22 | $ 0.18 |
Common Stock [Member] | ||
Employee stock purchase plan (in shares) | 426 | 338 |
Dividend reinvestment plan (in shares) | 4,624 | 35,319 |
Stock option exercises (in shares) | 7,000 | 20,000 |
Stock grants to directors (in shares) | 62 |
Condensed Consolidated Stateme8
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash flows from operating activities | ||
Net income | $ 10,881,000 | $ 7,615,000 |
Adjustments to reconcile net income to net cash from operating activities | ||
Depreciation and amortization | 2,483,000 | 2,548,000 |
Accretion of acquired loans | (357,000) | (483,000) |
Provision for loan losses | 0 | 600,000 |
Stock-based compensation expense | 597,000 | 476,000 |
Stock grants to directors for retainer fees | 0 | 2,000 |
Proceeds from sales of mortgage loans held for sale | 21,010,000 | 19,317,000 |
Origination of mortgage loans held for sale | (19,585,000) | (19,342,000) |
Net gain from sales of mortgage loans held for sale | (736,000) | (867,000) |
Net gain from sales and valuation write-downs of foreclosed assets | (105,000) | (43,000) |
Net loss from sales and valuation write-downs of former bank premises | 99,000 | 15,000 |
Net loss from sales and write-downs of fixed assets | 53,000 | 40,000 |
Earnings on bank owned life insurance | (331,000) | (1,738,000) |
Net change in: | ||
Accrued interest receivable | (820,000) | (828,000) |
Other assets | (866,000) | (321,000) |
Accrued interest and other liabilities | 722,000 | 980,000 |
Net cash from operating activities | 13,045,000 | 7,971,000 |
Cash flows from investing activities | ||
Loan originations and payments, net | 7,257,000 | (61,701,000) |
Purchases of securities available for sale | (13,303,000) | (14,701,000) |
Proceeds from maturities, calls and repayments of securities available for sale | 4,609,000 | 10,858,000 |
Purchases of Federal Home Loan Bank stock | 0 | (1,210,000) |
Proceeds from sales of foreclosed assets | 410,000 | 99,000 |
Proceeds from bank owned life insurance cash value release and death benefits | 0 | 2,720,000 |
Net purchases of premises and equipment | (1,429,000) | (1,138,000) |
Net cash for investing activities | (2,456,000) | (65,073,000) |
Cash flows from financing activities | ||
Net decrease in time deposits | (8,412,000) | (55,203,000) |
Net increase (decrease) in all other deposits | 26,100,000 | (41,766,000) |
Net decrease in securities sold under agreements to repurchase | (13,854,000) | (5,031,000) |
Maturities of Federal Home Loan Bank advances | 0 | (10,000,000) |
Proceeds from Federal Home Loan Bank advances | 0 | 40,000,000 |
Proceeds from stock option exercises | 54,000 | 248,000 |
Employee stock purchase plan | 14,000 | 12,000 |
Dividend reinvestment plan | 164,000 | 1,145,000 |
Payment of cash dividends to common shareholders | (3,599,000) | (2,923,000) |
Net cash from (for) financing activities | 467,000 | (73,518,000) |
Net change in cash and cash equivalents | 11,056,000 | (130,620,000) |
Cash and cash equivalents at beginning of period | 200,101,000 | 183,596,000 |
Cash and cash equivalents at end of period | 211,157,000 | 52,976,000 |
Supplemental disclosures of cash flows information | ||
Interest | 4,529,000 | 3,322,000 |
Federal income tax | 0 | 0 |
Noncash financing and investing activities: | ||
Transfers from loans to foreclosed assets | 232,000 | 97,000 |
Transfers from bank premises to other real estate owned | $ 296,000 | $ 0 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation three March 31, 2018 two 10 303 not not March 31, 2018 not 10 December 31, 2017. We have five not Earnings Per Share Approximately 236,000 three March 31, 2018. 17,000 three March 31, 2018. 7,000 not three March 31, 2018. Approximately 225,000 three March 31, 2017. 34,000 three March 31, 2017. 7,000 not three March 31, 2017. 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 not two 1 2 Loans Interest income on commercial loans and mortgage loans is discontinued at the time the loan is 90 no 120 All interest accrued but not Loans Held for Sale March 31, 2018 December 31, 2017, $1.9 $2.6 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 $611 March 31, 2018. Mortgage Banking Activities Servicing fee income is recorded for fees earned for servicing 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 not may 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 two Allowance for Loan Losses may 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 Derivatives not 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 assets and liabilities 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 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 no Goodwill and Core Deposit Intangible may not may not not two 2016 2017, not no 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 Revenue from Contracts with Customers 606, “Revenue from Contracts with Customers” 606” 606, not Our primary sources of revenue are derived from interest and dividends earned on loans, securities and other financial instruments that are not 606. not 606 Adoption of New Accounting Standards: May 2014, 2014 09, Revenue from Contracts with Customers five January 1, 2018 Adoption of ASU 2014 09 not not not not 2014 09 not not not In January 2016, 2016 01, Recognition and Measurement of Financial Assets and Financial Liabilities January 1, 2018 not 10. In February 2016, 2016 02, Leases 12 December 15, 2018. not In June 2016, No. 2016 13, Measurement of Credit Losses on Financial Instruments not not December 15, 2019, December 15, 2018. first 2018. In August 2016, No. 2016 15, Classification of Certain Cash Receipts and Cash Payments eight December 15, 2017. not In March 2017, No. 2017 08, Premium Amortization on Purchased Callable Debt Securities not December 15, 2018, not In August 2017, 2017 12, Targeted Improvements to Accounting for Hedging Activities December 15, 2018, In February 2018, 2018 02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income 35% 21% not December 15, 2018. December 31, 2017, $0.9 2017. |
Note 2 - Securities
Note 2 - Securities | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
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, 2018 U.S. Government agency debt obligations $ 184,422,000 $ 4,000 $ (11,257,000 ) $ 173,169,000 Mortgage-backed securities 41,104,000 278,000 (1,031,000 ) 40,351,000 Municipal general obligation bonds 118,881,000 404,000 (1,625,000 ) 117,660,000 Municipal revenue bonds 3,910,000 6,000 (73,000 ) 3,843,000 Other investments 2,018,000 0 (53,000 ) 1,965,000 $ 350,335,000 $ 692,000 $ (14,039,000 ) $ 336,988,000 December 31, 2017 U.S. Government agency debt obligations $ 175,953,000 $ 99,000 $ (6,352,000 ) $ 169,700,000 Mortgage-backed securities 38,967,000 335,000 (510,000 ) 38,792,000 Municipal general obligation bonds 121,040,000 891,000 (638,000 ) 121,293,000 Municipal revenue bonds 3,978,000 30,000 (30,000 ) 3,978,000 Other investments 2,010,000 0 (29,000 ) 1,981,000 $ 341,948,000 $ 1,355,000 $ (7,559,000 ) $ 335,744,000 Securities with unrealized losses at March 31, 2018 December 31, 2017, Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss March 31, 2018 U.S. Government agency debt obligations $ 44,594,000 $ 1,464,000 $ 126,600,000 $ 9,793,000 $ 171,194,000 $ 11,257,000 Mortgage-backed securities 14,519,000 479,000 18,867,000 552,000 33,386,000 1,031,000 Municipal general obligation bonds 43,826,000 615,000 43,537,000 1,010,000 87,363,000 1,625,000 Municipal revenue bonds 1,499,000 16,000 1,159,000 57,000 2,658,000 73,000 Other investments 1,518,000 53,000 0 0 1,518,000 53,000 $ 105,956,000 $ 2,627,000 $ 190,163,000 $ 11,412,000 $ 296,119,000 $ 14,039,000 Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2017 U.S. Government agency debt obligations $ 35,677,000 $ 434,000 $ 115,374,000 $ 5,918,000 $ 151,051,000 $ 6,352,000 Mortgage-backed securities 10,179,000 156,000 21,084,000 354,000 31,263,000 510,000 Municipal general obligation bonds 12,807,000 114,000 54,703,000 524,000 67,510,000 638,000 Municipal revenue bonds 0 0 1,187,000 30,000 1,187,000 30,000 Other investments 1,510,000 29,000 0 0 1,510,000 29,000 $ 60,173,000 $ 733,000 $ 192,348,000 $ 6,826,000 $ 252,521,000 $ 7,559,000 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 not may At March 31, 2018, 394 one $296 $14.0 not not not no The amortized cost and fair value of debt securities at March 31, 2018, may may not Weighted Average Amortized Fair Yield (%) Cost Value Due in 2018 1.86 $ 28,193,000 $ 28,181,000 Due in 2019 through 2023 2.12 65,051,000 64,576,000 Due in 2024 through 2028 2.52 99,189,000 94,685,000 Due in 2029 and beyond 2.95 114,780,000 107,230,000 Mortgage-backed securities 2.33 41,104,000 40,351,000 Other investments 2.84 2,018,000 1,965,000 Total available for sale securities 2.51 $ 350,335,000 $ 336,988,000 Securities issued by the State of Michigan and all its political subdivisions had a combined amortized cost of $112 March 31, 2018 December 31, 2017, $111 $112 $10.8 $12.9 March 31, 2018 December 31, 2017, $10.7 $13.0 not 10% The carrying value of U.S. Government agency debt obligations and mortgage-backed securities that are pledged to secure repurchase agreements was $105 $119 March 31, 2018 December 31, 2017, may |
Note 3 - Loans and Allowance fo
Note 3 - Loans and Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
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 Acquired loans are those purchased in the Firstbank merger. These loans were recorded at estimated fair value at the merger date with no not not 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 not 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, 2018 $2.55 $2.56 December 31, 2017, $7.3 0.3%. March 31, 2018 December 31, 2017, 2017 first 2018, Percent March 31, 2018 December 31, 2017 Increase Balance % Balance % (Decrease) Originated loans Commercial: Commercial and industrial $ 675,188,000 30.8 % $ 680,805,000 31.3 % (0.8 %) Vacant land, land development, and residential construction 25,514,000 1.2 23,682,000 1.1 7.7 Real estate – owner occupied 468,777,000 21.4 456,065,000 21.0 2.8 Real estate – non-owner occupied 715,725,000 32.6 708,824,000 32.7 1.0 Real estate – multi-family and residential rental 61,762,000 2.8 64,852,000 3.0 (4.8 ) Total commercial 1,946,966,000 88.8 1,934,228,000 89.1 0.7 Retail: Home equity and other 65,604,000 3.0 69,675,000 3.2 (5.8 ) 1-4 family mortgages 179,281,000 8.2 166,054,000 7.7 8.0 Total retail 244,885,000 11.2 235,729,000 10.9 3.9 Total originated loans $ 2,191,851,000 100.0 % $ 2,169,957,000 100.0 % 1.0 % Percent March 31, 2018 December 31, 2017 Increase Balance % Balance % (Decrease) Acquired loans Commercial: Commercial and industrial $ 64,617,000 18.0 % $ 72,959,000 18.8 % (11.4 %) Vacant land, land development, and residential construction 5,924,000 1.6 6,191,000 1.6 (4.3 ) Real estate – owner occupied 62,375,000 17.5 70,263,000 18.1 (11.2 ) Real estate – non-owner occupied 78,481,000 21.8 82,861,000 21.3 (5.3 ) Real estate – multi-family and residential rental 34,666,000 9.6 37,066,000 9.5 (6.5 ) Total commercial 246,063,000 68.5 269,340,000 69.3 (8.6 ) Retail: Home equity and other 27,575,000 7.7 30,750,000 7.9 (10.3 ) 1-4 family mortgages 85,715,000 23.8 88,505,000 22.8 (3.2 ) Total retail 113,290,000 31.5 119,255,000 30.7 (5.0 ) Total acquired loans $ 359,353,000 100.0 % $ 388,595,000 100.0 % (7.5 %) Percent March 31, 2018 December 31, 2017 Increase Balance % Balance % (Decrease) Total loans Commercial: Commercial and industrial $ 739,805,000 29.0 % $ 753,764,000 29.4 % (1.9 %) Vacant land, land development, and residential construction 31,438,000 1.2 29,873,000 1.2 5.2 Real estate – owner occupied 531,152,000 20.8 526,328,000 20.6 0.9 Real estate – non-owner occupied 794,206,000 31.2 791,685,000 30.9 0.3 Real estate – multi-family and residential rental 96,428,000 3.8 101,918,000 4.0 (5.4 ) Total commercial 2,193,029,000 86.0 2,203,568,000 86.1 (0.5 ) Retail: Home equity and other 93,179,000 3.6 100,425,000 3.9 (7.2 ) 1-4 family mortgages 264,996,000 10.4 254,559,000 10.0 4.1 Total retail 358,175,000 14.0 354,984,000 13.9 0.9 Total loans $ 2,551,204,000 100.0 % $ 2,558,552,000 100.0 % (0.3 %) The total contractually required payments due on and carrying value of acquired impaired loans were $9.2 $5.0 March 31, 2018. $11.9 $5.2 December 31, 2017. three March 31, 2018 March 31, 2017 Balance at December 31, 2017 $ 1,404,000 Additions 0 Accretion income (131,000 ) Net reclassification from nonaccretable to accretable 86,000 Reductions (1) (40,000 ) Balance at March 31, 2018 $ 1,319,000 Balance at December 31, 2016 $ 1,726,000 Additions 1,000 Accretion income (147,000 ) Net reclassification from nonaccretable to accretable 63,000 Reductions (1) (179,000 ) Balance at March 31, 2017 $ 1,464,000 ( 1 Nonperforming originated loans as of March 31, 2018 December 31, 2017 March 31, December 31, 2018 2017 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 2,763,000 3,672,000 Total nonperforming originated loans $ 2,763,000 $ 3,672,000 Nonperforming acquired loans as of March 31, 2018 December 31, 2017 March 31, December 31, 2018 2017 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 2,979,000 3,471,000 Total nonperforming acquired loans $ 2,979,000 $ 3,471,000 The recorded principal balance of all nonperforming loans was as follows: March 31, December 31, 2018 2017 Commercial: Commercial and industrial $ 619,000 $ 1,444,000 Vacant land, land development, and residential construction 0 35,000 Real estate – owner occupied 1,831,000 2,241,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 154,000 178,000 Total commercial 2,604,000 3,898,000 Retail: Home equity and other 512,000 577,000 1-4 family mortgages 2,626,000 2,668,000 Total retail 3,138,000 3,245,000 Total nonperforming loans $ 5,742,000 $ 7,143,000 Acquired impaired loans are not An age analysis of past due loans is as follows as of March 31, 2018: 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 $ 1,350,000 $ 929,000 $ 0 $ 2,279,000 $ 672,909,000 $ 675,188,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 25,514,000 25,514,000 0 Real estate – owner occupied 0 0 251,000 251,000 468,526,000 468,777,000 0 Real estate – non-owner occupied 0 0 0 0 715,725,000 715,725,000 0 Real estate – multi-family and residential rental 0 0 0 0 61,762,000 61,762,000 0 Total commercial 1,350,000 929,000 251,000 2,530,000 1,944,436,000 1,946,966,000 0 Retail: Home equity and other 65,000 0 0 65,000 65,539,000 65,604,000 0 1-4 family mortgages 0 246,000 220,000 466,000 178,815,000 179,281,000 0 Total retail 65,000 246,000 220,000 531,000 244,354,000 244,885,000 0 Total past due loans $ 1,415,000 $ 1,175,000 $ 471,000 $ 3,061,000 $ 2,188,790,000 $ 2,191,851,000 $ 0 30 – 59 60 – 89 Greater Than 89 Recorded 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 $ 0 $ 113,000 $ 113,000 $ 64,504,000 $ 64,617,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 5,924,000 5,924,000 0 Real estate – owner occupied 0 156,000 243,000 399,000 61,976,000 62,375,000 0 Real estate – non-owner occupied 0 0 0 0 78,481,000 78,481,000 0 Real estate – multi-family and residential rental 27,000 0 9,000 36,000 34,630,000 34,666,000 0 Total commercial 27,000 156,000 365,000 548,000 245,515,000 246,063,000 0 Retail: Home equity and other 163,000 44,000 42,000 249,000 27,326,000 27,575,000 0 1-4 family mortgages 645,000 231,000 475,000 1,351,000 84,364,000 85,715,000 0 Total retail 808,000 275,000 517,000 1,600,000 111,690,000 113,290,000 0 Total past due loans $ 835,000 $ 431,000 $ 882,000 $ 2,148,000 $ 357,205,000 $ 359,353,000 $ 0 An age analysis of past due loans is as follows as of December 31, 2017: 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 $ 178,000 $ 178,000 $ 680,627,000 $ 680,805,000 $ 0 Vacant land, land development, and residential construction 0 0 35,000 35,000 23,647,000 23,682,000 0 Real estate – owner occupied 0 0 1,244,000 1,244,000 454,821,000 456,065,000 0 Real estate – non-owner occupied 0 0 0 0 708,824,000 708,824,000 0 Real estate – multi-family and residential rental 0 0 0 0 64,852,000 64,852,000 0 Total commercial 0 0 1,457,000 1,457,000 1,932,771,000 1,934,228,000 0 Retail: Home equity and other 647,000 11,000 86,000 744,000 68,931,000 69,675,000 0 1-4 family mortgages 0 0 250,000 250,000 165,804,000 166,054,000 0 Total retail 647,000 11,000 336,000 994,000 234,735,000 235,729,000 0 Total past due loans $ 647,000 $ 11,000 $ 1,793,000 $ 2,451,000 $ 2,167,506,000 $ 2,169,957,000 $ 0 30 – 59 60 – 89 Greater Than 89 Recorded 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 $ 40,000 $ 0 $ 114,000 $ 154,000 $ 72,805,000 $ 72,959,000 $ 0 Vacant land, land development, and residential construction 14,000 0 0 14,000 6,177,000 6,191,000 0 Real estate – owner occupied 634,000 0 271,000 905,000 69,358,000 70,263,000 0 Real estate – non-owner occupied 0 0 0 0 82,861,000 82,861,000 0 Real estate – multi-family and residential rental 0 0 108,000 108,000 36,958,000 37,066,000 0 Total commercial 688,000 0 493,000 1,181,000 268,159,000 269,340,000 0 Retail: Home equity and other 408,000 52,000 154,000 614,000 30,136,000 30,750,000 0 1-4 family mortgages 690,000 333,000 661,000 1,684,000 86,821,000 88,505,000 0 Total retail 1,098,000 385,000 815,000 2,298,000 116,957,000 119,255,000 0 Total past due loans $ 1,786,000 $ 385,000 $ 1,308,000 $ 3,479,000 $ 385,116,000 $ 388,595,000 $ 0 Impaired originated loans as of March 31, 2018, three March 31, 2018, First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 234,000 $ 234,000 $ 206,000 Vacant land, land development and residential construction 0 0 17,000 Real estate – owner occupied 2,937,000 2,875,000 2,164,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 337,000 337,000 343,000 Total commercial 3,508,000 3,446,000 2,730,000 Retail: Home equity and other 768,000 751,000 716,000 1-4 family mortgages 1,106,000 419,000 437,000 Total retail 1,874,000 1,170,000 1,153,000 Total with no related allowance recorded $ 5,382,000 $ 4,616,000 $ 3,883,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 2,623,000 $ 2,133,000 $ 304,000 $ 2,561,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 1,717,000 1,674,000 226,000 1,532,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 145,000 145,000 17,000 72,000 Total commercial 4,485,000 3,952,000 547,000 4,165,000 Retail: Home equity and other 508,000 498,000 258,000 823,000 1-4 family mortgages 412,000 354,000 58,000 232,000 Total retail 920,000 852,000 316,000 1,055,000 Total with an allowance recorded $ 5,405,000 $ 4,804,000 $ 863,000 $ 5,220,000 Total impaired loans: Commercial $ 7,993,000 $ 7,398,000 $ 547,000 $ 6,895,000 Retail 2,794,000 2,022,000 316,000 2,208,000 Total impaired loans $ 10,787,000 $ 9,420,000 $ 863,000 $ 9,103,000 Impaired acquired loans as of March 31, 2018, three March 31, 2018, First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 743,000 $ 733,000 $ 877,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1,110,000 715,000 687,000 Real estate – non-owner occupied 232,000 232,000 235,000 Real estate – multi-family and residential rental 62,000 44,000 131,000 Total commercial 2,147,000 1,724,000 1,930,000 Retail: Home equity and other 690,000 649,000 578,000 1-4 family mortgages 2,586,000 2,007,000 2,080,000 Total retail 3,276,000 2,656,000 2,658,000 Total with no related allowance recorded $ 5,423,000 $ 4,380,000 $ 4,588,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 1,597,000 1,597,000 307,000 799,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 0 0 0 0 Total commercial 1,597,000 1,597,000 307,000 799,000 Retail: Home equity and other 0 0 0 0 1-4 family mortgages 0 0 0 0 Total retail 0 0 0 0 Total with an allowance recorded $ 1,597,000 $ 1,597,000 $ 307,000 $ 799,000 Total impaired loans: Commercial $ 3,744,000 $ 3,321,000 $ 307,000 $ 2,729,000 Retail 3,276,000 2,656,000 0 2,658,000 Total impaired loans $ 7,020,000 $ 5,977,000 $ 307,000 $ 5,387,000 Impaired originated loans as of December 31, 2017, three March 31, 2017, First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 765,000 $ 178,000 $ 1,589,000 Vacant land, land development and residential construction 454,000 35,000 88,000 Real estate – owner occupied 1,528,000 1,452,000 113,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 349,000 349,000 197,000 Total commercial 3,096,000 2,014,000 1,987,000 Retail: Home equity and other 693,000 680,000 247,000 1-4 family mortgages 1,126,000 456,000 649,000 Total retail 1,819,000 1,136,000 896,000 Total with no related allowance recorded $ 4,915,000 $ 3,150,000 $ 2,883,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 3,038,000 $ 2,989,000 $ 963,000 $ 2,690,000 Vacant land, land development and residential construction 0 0 0 749,000 Real estate – owner occupied 1,409,000 1,391,000 239,000 1,144,000 Real estate – non-owner occupied 0 0 0 4,745,000 Real estate – multi-family and residential rental 0 0 0 751,000 Total commercial 4,447,000 4,380,000 1,202,000 10,079,000 Retail: Home equity and other 1,225,000 1,147,000 652,000 697,000 1-4 family mortgages 165,000 110,000 13,000 137,000 Total retail 1,390,000 1,257,000 665,000 834,000 Total with an allowance recorded $ 5,837,000 $ 5,637,000 $ 1,867,000 $ 10,913,000 Total impaired loans: Commercial $ 7,543,000 $ 6,394,000 $ 1,202,000 $ 12,066,000 Retail 3,209,000 2,393,000 665,000 1,730,000 Total impaired loans $ 10,752,000 $ 8,787,000 $ 1,867,000 $ 13,796,000 Impaired acquired loans as of December 31, 2017, three March 31, 2017, First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 1,039,000 $ 1,021,000 $ 892,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1,027,000 659,000 1,151,000 Real estate – non-owner occupied 238,000 237,000 751,000 Real estate – multi-family and residential rental 237,000 218,000 160,000 Total commercial 2,541,000 2,135,000 2,954,000 Retail: Home equity and other 694,000 507,000 336,000 1-4 family mortgages 2,703,000 2,153,000 1,662,000 Total retail 3,397,000 2,660,000 1,998,000 Total with no related allowance recorded $ 5,938,000 $ 4,795,000 $ 4,952,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 19,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 0 0 0 48,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 0 0 0 0 Total commercial 0 0 0 67,000 Retail: Home equity and other 0 0 0 0 1-4 family mortgages 0 0 0 172,000 Total retail 0 0 0 172,000 Total with an allowance recorded $ 0 $ 0 $ 0 $ 239,000 Total impaired loans: Commercial $ 2,541,000 $ 2,135,000 $ 0 $ 3,021,000 Retail 3,397,000 2,660,000 0 2,170,000 Total impaired loans $ 5,938,000 $ 4,795,000 $ 0 $ 5,191,000 Impaired loans for which no $0.3 $0.2 first 2018 2017, No first 2018 2017. $0.1 first 2018 2017 Credit Quality Indicators. ten Credit quality indicators were as follows as of March 31, 2018: 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 $ 468,826,000 $ 17,645,000 $ 313,933,000 $ 564,093,000 $ 39,571,000 Grades 5 – 7 187,118,000 7,767,000 140,088,000 151,632,000 21,709,000 Grades 8 – 9 19,244,000 102,000 14,756,000 0 482,000 Total commercial $ 675,188,000 $ 25,514,000 $ 468,777,000 $ 715,725,000 $ 61,762,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 65,604,000 $ 179,281,000 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 $ 39,543,000 $ 1,412,000 $ 28,823,000 $ 54,951,000 $ 17,376,000 Grades 5 – 7 24,591,000 4,512,000 30,940,000 23,448,000 17,132,000 Grades 8 – 9 483,000 0 2,612,000 82,000 158,000 Total commercial $ 64,617,000 $ 5,924,000 $ 62,375,000 $ 78,481,000 $ 34,666,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 27,575,000 $ 85,715,000 Credit quality indicators were as follows as of December 31, 2017: 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 $ 469,537,000 $ 15,090,000 $ 326,700,000 $ 559,388,000 $ 42,951,000 Grades 5 – 7 189,851,000 8,557,000 123,024,000 149,135,000 21,552,000 Grades 8 – 9 21,417,000 35,000 6,341,000 301,000 349,000 Total commercial $ 680,805,000 $ 23,682,000 $ 456,065,000 $ 708,824,000 $ 64,852,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 69,675,000 $ 166,054,000 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 $ 46,263,000 $ 1,446,000 $ 28,706,000 $ 52,674,000 $ 17,499,000 Grades 5 – 7 25,654,000 4,745,000 39,565,000 30,102,000 19,212,000 Grades 8 – 9 1,042,000 0 1,992,000 85,000 355,000 Total commercial $ 72,959,000 $ 6,191,000 $ 70,263,000 $ 82,861,000 $ 37,066,000 Retail credit exposure – credit risk profiled by collateral type: Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 30,750,000 $ 88,505,000 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 not 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 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 March 31, 2018 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 16,456,000 $ 2,584,000 $ 93,000 $ 19,133,000 Provision for loan losses (341,000 ) (563,000 ) 122,000 (782,000 ) Charge-offs (258,000 ) (135,000 ) 0 (393,000 ) Recoveries 1,008,000 115,000 0 1,123,000 Ending balance $ 16,865,000 $ 2,001,000 $ 215,000 $ 19,081,000 Ending balance: individually evaluated for impairment $ 547,000 $ 316,000 $ 0 $ 863,000 Ending balance: collectively evaluated for impairment $ 16,318,000 $ 1,685,000 $ 215,000 $ 18,218,000 Total loans: Ending balance $ 1,946,966,000 $ 244,885,000 $ 2,191,851,000 Ending balance: individually evaluated for impairment $ 7,398,000 $ 2,022,000 $ 9,420,000 Ending balance: collectively evaluated for impairment $ 1,939,568,000 $ 242,863,000 $ 2,182,431,000 Activity in the allowance for loan losses for acquired loans during the three March 31, 2018 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 291,000 $ 77,000 $ 0 $ 368,000 Provision for loan losses 314,000 468,000 0 782,000 Charge-offs (246,000 ) (15,000 ) 0 (261,000 ) Recoveries 0 4,000 0 4,000 Ending balance $ 359,000 $ 534,000 $ 0 $ 893,000 Activity in the allowance for loan losses and the recorded investments in originated loans as of and during the twelve December 31, 2017 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 16,026,000 $ 1,882,000 $ (40,000 ) $ 17,868,000 Provision for loan losses 1,148,000 1,360,000 133,000 2,641,000 Charge-offs (2,292,000 ) (891,000 ) 0 (3,183,000 ) Recoveries 1,574,000 233,000 0 1,807,000 Ending balance $ 16,456,000 $ 2,584,000 $ 93,000 $ 19,133,000 Ending balance: individually evaluated for impairment $ 1,202,000 $ 665,000 $ 0 $ 1,867,000 Ending balance: collectively evaluated for impairment $ 15,254,000 $ 1,919,000 $ 93,000 $ 17,266,000 Total loans: Ending balance $ 1,934,228,000 $ 235,729,000 $ 2,169,957,000 Ending balance: individually evaluated for impairment $ 6,394,000 $ 2,393,000 $ 8,787,000 Ending balance: collectively evaluated for impairment $ 1,927,834,000 $ 233,336,000 $ 2,161,170,000 Activity in the allowance for loan losses for acquired loans during the twelve December 31, 2017 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 75,000 $ 18,000 $ 0 $ 93,000 Provision for loan losses 210,000 99,000 0 309,000 Charge-offs (12,000 ) (40,000 ) 0 (52,000 ) Recoveries 18,000 0 0 18,000 Ending balance $ 291,000 $ 77,000 $ 0 $ 368,000 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 March 31, 2018 Pre- Post- Modification Modification Recorded Recorded Number of Principal Principal Contracts Balance Balance Originated loans Commercial: Commercial and industrial 3 $ 107,000 $ 96,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 4 3,865,000 3,854,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 7 3,972,000 3,950,000 Retail: Home equity and other 1 50,000 50,000 1-4 family mortgages 0 0 0 Total originated retail 1 50,000 50,000 Total originated loans 8 $ 4,022,000 $ 4,000,000 Acquired loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 3 1,597,000 1,597,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 3 1,597,000 1,597,000 Retail: Home equity and other 6 118,000 119,000 1-4 family mortgages 0 0 0 Total acquired retail 6 118,000 119,000 Total acquired loans 9 $ 1,715,000 $ 1,716,000 Loans modified as troubled debt restructurings during the three March 31, 2017 Pre- Post- Modification Modification Recorded Recorded Number of Principal Principal Contracts Balance Balance Originated 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 originated commercial 0 0 0 Retail: Home equity and other 4 328,000 329,000 1-4 family mortgages 0 0 0 Total originated retail 4 328,000 329,000 Total originated loans 4 $ 328,000 $ 329,000 Acquired loans Commercial: Commercial and industrial 1 $ 31,000 $ 31,000 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 acquired commercial 1 31,000 31,000 Retail: Home equity and other 2 6,000 7,000 1-4 family mortgages 1 57,000 57,000 Total acquired retail 3 63,000 64,000 Total acquired loans 4 $ 94,000 $ 95,000 The following originated loans, modified as troubled debt restructurings within the previous twelve 30 three March 31, 2018 ( 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 1 251,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 1 251,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 1 $ 251,000 The following acquired loans, modified as troubled debt restructurings within the previous twelve 30 three March 31, 2018 ( Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 1 $ 113,000 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 1 113,000 Retail: Home equity and other 2 20,000 1-4 family mortgages 0 0 Total retail 2 20,000 Total 3 $ 133,000 The following originated loans, modified as troubled debt restructurings within the previous twelve 30 three March 31, 2017 ( Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 2 $ 34,000 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 1 130,000 Total commercial 3 164,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 3 $ 164,000 The following acquired loans, modified as troubled debt restructurings within the previous twelve 30 three March 31, 2017 ( Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 1 $ 24,000 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 1 24,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 1 $ 24,000 Activity for originated loans categorized as troubled debt restructurings during the three March 31, 2018 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 $ 2,989,000 $ 383,000 $ 1,599,000 $ 0 $ 0 Charge-Offs (230,000 ) 0 0 0 0 Payments (882,000 ) (45,000 ) (855,000 ) 0 0 Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 105,000 0 3,804,000 0 0 Ending Balance $ 1,982,000 $ 338,000 $ 4,548,000 $ 0 $ 0 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 1,127,000 $ 146,000 Charge-Offs 0 0 Payments (8,000 ) (2,000 ) Transfers to ORE 0 0 Net Additions/Deletions 50,000 0 Ending Balance $ 1,169,000 $ 144,000 Activity for acquired loans categorized as troubled debt restructurings during the three March 31, 2018 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 $ 1,001,000 $ 0 $ 427,000 $ 237,000 $ 41,000 Charge-Offs (275,000 ) 0 0 0 0 Payments (10,000 ) 0 (17,000 ) (5,000 ) (5,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 0 0 1,597,000 0 0 Ending Balance $ 716,000 $ 0 $ 2,007,000 $ 232,000 $ 36,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 219,000 $ 393,000 Charge-Offs (15,000 ) 0 Payments (1,000 ) (9,000 ) Transfers to ORE (82,000 ) 0 Net Additions/Deletions 11 |
Note 4 - Premises and Equipment
Note 4 - Premises and Equipment, Net | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 4. PREMISES AND EQUIPMENT, NET Premises and equipment are comprised of the following: March 31, December 31, 2018 2017 Land and improvements $ 17,938,000 $ 18,046,000 Buildings 41,751,000 41,179,000 Furniture and equipment 17,858,000 17,398,000 77,547,000 76,623,000 Less: accumulated depreciation 31,247,000 30,589,000 Premises and equipment, net $ 46,300,000 $ 46,034,000 Depreciation expense totaled $0.8 $0.7 first 2018 2017, |
Note 5 - Deposits
Note 5 - Deposits | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | 5. DEPOSITS Our total deposits at March 31, 2018 $2.54 $17.7 0.7%, December 31, 2017. March 31, 2018 December 31, 2017, 2017 first 2018, Percent March 31, 2018 December 31, 2017 Increase Balance % Balance % (Decrease) Noninterest-bearing demand $ 830,187,000 32.7 % $ 866,380,000 34.3 % (4.2 %) Interest-bearing checking 392,134,000 15.4 387,758,000 15.4 1.1 Money market 486,318,000 19.1 427,119,000 16.9 13.9 Savings 326,247,000 12.9 327,530,000 13.0 (0.4 ) Time, under $100,000 156,053,000 6.2 152,294,000 6.0 2.5 Time, $100,000 and over 246,703,000 9.7 258,626,000 10.3 (4.6 ) Total local deposits 2,437,642,000 96.0 2,419,707,000 95.9 0.7 Out-of-area time, under $100,000 0 NA 0 NA NA Out-of-area time, $100,000 and over 102,411,000 4.0 102,658,000 4.1 (0.2 ) Total out-of-area deposits 102,411,000 4.0 102,658,000 4.1 (0.2 ) Total deposits $ 2,540,053,000 100.0 % $ 2,522,365,000 100.0 % 0.7 % Time deposits of more than $250,000 $252 $266 March 31, 2018 December 31, 2017, |
Note 6 - Securities Sold Under
Note 6 - Securities Sold Under Agreements to Repurchase | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
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, 2018 December 31, 2017 Outstanding balance at end of period $ 104,894,000 $ 118,748,000 Average interest rate at end of period 0.25 % 0.16 % Average daily balance during the period $ 108,048,000 $ 116,587,000 Average interest rate during the period 0.22 % 0.16 % Maximum daily balance during the period $ 123,046,000 $ 142,459,000 Repurchase agreements generally have original maturities of less than one |
Note 7 - Federal Home Loan Bank
Note 7 - Federal Home Loan Bank of Indianapolis Advances | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
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 $220 March 31, 2018 December 31, 2017, May 2018 April 2024, 1.04% 2.39% 1.72% 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 first March 31, 2018 $739 $519 Maturities of currently outstanding FHLBI advances are as follows: 2018 $ 20,000,000 2019 40,000,000 2020 30,000,000 2021 40,000,000 2022 40,000,000 Thereafter 50,000,000 |
Note 8 - Commitments and Off-Ba
Note 8 - Commitments and Off-Balance Sheet Risk | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
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 third may not 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 March 31, 2018 December 31, 2017. A summary of the contractual amounts of our financial instruments with off-balance sheet risk at March 31, 2018 December 31, 2017 March 31, December 31, 2018 2017 Commercial unused lines of credit $ 678,832,000 $ 682,202,000 Unused lines of credit secured by 1 – 4 family residential properties 60,930,000 61,606,000 Credit card unused lines of credit 42,693,000 39,807,000 Other consumer unused lines of credit 17,788,000 17,629,000 Commitments to make loans 238,437,000 184,923,000 Standby letters of credit 23,592,000 26,030,000 $ 1,062,272,000 $ 1,012,197,000 |
Note 9 - Hedging Activities
Note 9 - Hedging Activities | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
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, January 2013 January 2018. $32.0 90 218 90 $32.0 December 31, 2017, $0.1 Effective January 26, 2016, $32.0 $21.0 $11.0 $0.2 January 2016 $11.0 |
Note 10 - Fair Values of Financ
Note 10 - Fair Values of Financial Instruments | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
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, 2018 December 31, 2017 ( Level in March 31, 2018 December 31, 2017 Fair Value Carrying Fair Carrying Fair Hierarchy Values Values Values Values Financial assets: Cash Level 1 $ 11,148 $ 11,148 $ 11,565 $ 11,565 Cash equivalents Level 2 200,009 200,009 188,536 188,536 Securities available for sale (1) 336,988 336,988 335,744 335,744 FHLBI stock (2) 11,036 11,036 11,036 11,036 Loans, net Level 3 2,529,366 2,528,622 2,536,498 2,520,063 Loans held for sale Level 2 1,864 1,864 2,553 2,553 Mortgage servicing rights Level 2 4,899 8,223 5,106 8,373 Accrued interest receivable Level 2 9,590 9,590 8,770 8,770 Financial liabilities: Deposits Level 2 2,540,053 2,361,212 2,522,365 2,368,188 Repurchase agreements Level 2 104,894 104,894 118,748 118,748 FHLBI advances Level 2 220,000 214,172 220,000 217,130 Subordinated debentures Level 2 45,688 46,280 45,517 45,732 Accrued interest payable Level 2 2,172 2,172 1,919 1,919 Interest rate swap (1) 0 0 2 2 ( 1 See Note 11 ( 2 It is not Carrying amount is the estimated fair value for cash and cash equivalents, FHLBI stock, accrued interest receivable and payable, noninterest-bearing checking accounts and securities sold under agreements to repurchase. Security fair values are based on market prices or dealer quotes, and if no March 31, 2018 2016 01, December 31, 2017, |
Note 11 - Fair Values
Note 11 - Fair Values | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | 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 not 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 Level 1: Level 2: 1 not Level 3: 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. not 2 3 no March 31, 2018 December 31, 2017. no 1 Derivatives 2. Mortgage loans held for sale March 31, 2018 December 31, 2017, $1.9 $2.6 Loans not 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, 2018 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 $ 173,169,000 $ 0 $ 173,169,000 $ 0 Mortgage-backed securities 40,351,000 0 40,351,000 0 Municipal general obligation bonds 117,660,000 0 112,469,000 5,191,000 Municipal revenue bonds 3,843,000 0 3,843,000 0 Other investments 1,965,000 0 1,965,000 0 Total $ 336,988,000 $ 0 $ 331,797,000 $ 5,191,000 There were no 1, 2 3 first three 2018. The balances of assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 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 $ 169,700,000 $ 0 $ 169,700,000 $ 0 Mortgage-backed securities 38,792,000 0 38,792,000 0 Municipal general obligation bonds 121,293,000 0 116,102,000 5,191,000 Municipal revenue bonds 3,978,000 0 3,978,000 0 Other investments 1,981,000 0 1,981,000 0 Interest rate swap (2,000 ) 0 (2,000 ) 0 Total $ 335,742,000 $ 0 $ 330,551,000 $ 5,191,000 There were no 1, 2 3 2017. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis The balances of assets and liabilities measured at fair value on a nonrecurring basis as of March 31, 2018 Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Impaired loans $ 4,498,000 $ 0 $ 0 $ 4,498,000 Foreclosed assets 2,384,000 0 0 2,384,000 Total $ 6,882,000 $ 0 $ 0 $ 6,882,000 The balances of assets and liabilities measured at fair value on a nonrecurring basis as of December 31, 2017 Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Impaired loans $ 5,836,000 $ 0 $ 0 $ 5,836,000 Foreclosed assets 2,260,000 0 0 2,260,000 Total $ 8,096,000 $ 0 $ 0 $ 8,096,000 The carrying values are based on the estimated value of the property or other assets. Fair value estimates of collateral on impaired loans and foreclosed assets are reviewed periodically. Our credit policies establish criteria for obtaining appraisals and determining internal value estimates. We may may 15% 25% 25% 50% 10% |
Note 12 - Regulatory Matters
Note 12 - Regulatory Matters | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
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 not not no may may March 31, 2018 December 31, 2017, no March 31, 2018 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, 2018 Total capital (to risk weighted assets) Consolidated $ 387,520 13.2 % $ 234,830 8.0 % $ NA NA Bank 379,370 12.9 234,646 8.0 293,307 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 367,546 12.5 176,123 6.0 NA NA Bank 359,396 12.3 175,984 6.0 234,646 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 323,932 11.0 132,092 4.5 NA NA Bank 359,396 12.3 131,988 4.5 190,650 6.5 Tier 1 capital (to average assets) Consolidated 367,546 11.5 127,794 4.0 NA NA Bank 359,396 11.3 127,712 4.0 159,640 5.0 (Continued) MERCANTILE BANK CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 12. REGULATORY MATTERS 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, 2017 Total capital (to risk weighted assets) Consolidated $ 379,417 12.9 % $ 235,723 8.0 % $ NA NA Bank 371,346 12.6 235,515 8.0 294,393 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 359,915 12.2 176,792 6.0 NA NA Bank 351,844 12.0 176,636 6.0 235,515 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 316,472 10.7 132,594 4.5 NA NA Bank 351,844 12.0 132,477 4.5 191,356 6.5 Tier 1 capital (to average assets) Consolidated 359,915 11.3 127,782 4.0 NA NA Bank 351,844 11.0 127,698 4.0 159,623 5.0 Our consolidated capital levels as of March 31, 2018 December 31, 2017 $43.6 $43.4 may 1 not 25% 1 not May 19, 2010, December 31, 2009 $15.0 March 31, 2018 December 31, 2017, $43.6 $43.4 1 Under the final BASEL III capital rules that became effective on January 1, 2015, 1 2.5% not three 2016. 1 7.0%, 1 8.5% 10.5% January 1, 2019. March 31, 2018, 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 11, 2018, $0.22 March 21, 2018 March 9, 2018. April 12, 2018, $0.22 June 20, 2018 June 8, 2018. On January 30, 2015, $20.0 April 19, 2016, $15.0 956,419 $19.5 $20.38; no first three 2018. may |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation three March 31, 2018 two 10 303 not not March 31, 2018 not 10 December 31, 2017. We have five not |
Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share Approximately 236,000 three March 31, 2018. 17,000 three March 31, 2018. 7,000 not three March 31, 2018. Approximately 225,000 three March 31, 2017. 34,000 three March 31, 2017. 7,000 not three March 31, 2017. |
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 not two 1 2 |
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 no 120 All interest accrued but not |
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | Loans Held for Sale March 31, 2018 December 31, 2017, $1.9 $2.6 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 $611 March 31, 2018. |
Loans and Leases Receivable, Mortgage Banking Activities, Policy [Policy Text Block] | Mortgage Banking Activities Servicing fee income is recorded for fees earned for servicing 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 not may 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 two |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses may 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 |
Derivatives, Policy [Policy Text Block] | Derivatives not 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 assets and liabilities 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 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 no |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Core Deposit Intangible may not may not not two 2016 2017, not no 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 |
Revenue from Contract with Customer [Policy Text Block] | Revenue from Contracts with Customers 606, “Revenue from Contracts with Customers” 606” 606, not Our primary sources of revenue are derived from interest and dividends earned on loans, securities and other financial instruments that are not 606. not 606 |
New Accounting Pronouncements, Policy [Policy Text Block] | Adoption of New Accounting Standards: May 2014, 2014 09, Revenue from Contracts with Customers five January 1, 2018 Adoption of ASU 2014 09 not not not not 2014 09 not not not In January 2016, 2016 01, Recognition and Measurement of Financial Assets and Financial Liabilities January 1, 2018 not 10. In February 2016, 2016 02, Leases 12 December 15, 2018. not In June 2016, No. 2016 13, Measurement of Credit Losses on Financial Instruments not not December 15, 2019, December 15, 2018. first 2018. In August 2016, No. 2016 15, Classification of Certain Cash Receipts and Cash Payments eight December 15, 2017. not In March 2017, No. 2017 08, Premium Amortization on Purchased Callable Debt Securities not December 15, 2018, not In August 2017, 2017 12, Targeted Improvements to Accounting for Hedging Activities December 15, 2018, In February 2018, 2018 02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income 35% 21% not December 15, 2018. December 31, 2017, $0.9 2017. |
Note 2 - Securities (Tables)
Note 2 - Securities (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2018 U.S. Government agency debt obligations $ 184,422,000 $ 4,000 $ (11,257,000 ) $ 173,169,000 Mortgage-backed securities 41,104,000 278,000 (1,031,000 ) 40,351,000 Municipal general obligation bonds 118,881,000 404,000 (1,625,000 ) 117,660,000 Municipal revenue bonds 3,910,000 6,000 (73,000 ) 3,843,000 Other investments 2,018,000 0 (53,000 ) 1,965,000 $ 350,335,000 $ 692,000 $ (14,039,000 ) $ 336,988,000 December 31, 2017 U.S. Government agency debt obligations $ 175,953,000 $ 99,000 $ (6,352,000 ) $ 169,700,000 Mortgage-backed securities 38,967,000 335,000 (510,000 ) 38,792,000 Municipal general obligation bonds 121,040,000 891,000 (638,000 ) 121,293,000 Municipal revenue bonds 3,978,000 30,000 (30,000 ) 3,978,000 Other investments 2,010,000 0 (29,000 ) 1,981,000 $ 341,948,000 $ 1,355,000 $ (7,559,000 ) $ 335,744,000 |
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, 2018 U.S. Government agency debt obligations $ 44,594,000 $ 1,464,000 $ 126,600,000 $ 9,793,000 $ 171,194,000 $ 11,257,000 Mortgage-backed securities 14,519,000 479,000 18,867,000 552,000 33,386,000 1,031,000 Municipal general obligation bonds 43,826,000 615,000 43,537,000 1,010,000 87,363,000 1,625,000 Municipal revenue bonds 1,499,000 16,000 1,159,000 57,000 2,658,000 73,000 Other investments 1,518,000 53,000 0 0 1,518,000 53,000 $ 105,956,000 $ 2,627,000 $ 190,163,000 $ 11,412,000 $ 296,119,000 $ 14,039,000 Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2017 U.S. Government agency debt obligations $ 35,677,000 $ 434,000 $ 115,374,000 $ 5,918,000 $ 151,051,000 $ 6,352,000 Mortgage-backed securities 10,179,000 156,000 21,084,000 354,000 31,263,000 510,000 Municipal general obligation bonds 12,807,000 114,000 54,703,000 524,000 67,510,000 638,000 Municipal revenue bonds 0 0 1,187,000 30,000 1,187,000 30,000 Other investments 1,510,000 29,000 0 0 1,510,000 29,000 $ 60,173,000 $ 733,000 $ 192,348,000 $ 6,826,000 $ 252,521,000 $ 7,559,000 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Weighted Average Amortized Fair Yield (%) Cost Value Due in 2018 1.86 $ 28,193,000 $ 28,181,000 Due in 2019 through 2023 2.12 65,051,000 64,576,000 Due in 2024 through 2028 2.52 99,189,000 94,685,000 Due in 2029 and beyond 2.95 114,780,000 107,230,000 Mortgage-backed securities 2.33 41,104,000 40,351,000 Other investments 2.84 2,018,000 1,965,000 Total available for sale securities 2.51 $ 350,335,000 $ 336,988,000 |
Note 3 - Loans and Allowance 23
Note 3 - Loans and Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Percent March 31, 2018 December 31, 2017 Increase Balance % Balance % (Decrease) Originated loans Commercial: Commercial and industrial $ 675,188,000 30.8 % $ 680,805,000 31.3 % (0.8 %) Vacant land, land development, and residential construction 25,514,000 1.2 23,682,000 1.1 7.7 Real estate – owner occupied 468,777,000 21.4 456,065,000 21.0 2.8 Real estate – non-owner occupied 715,725,000 32.6 708,824,000 32.7 1.0 Real estate – multi-family and residential rental 61,762,000 2.8 64,852,000 3.0 (4.8 ) Total commercial 1,946,966,000 88.8 1,934,228,000 89.1 0.7 Retail: Home equity and other 65,604,000 3.0 69,675,000 3.2 (5.8 ) 1-4 family mortgages 179,281,000 8.2 166,054,000 7.7 8.0 Total retail 244,885,000 11.2 235,729,000 10.9 3.9 Total originated loans $ 2,191,851,000 100.0 % $ 2,169,957,000 100.0 % 1.0 % Percent March 31, 2018 December 31, 2017 Increase Balance % Balance % (Decrease) Acquired loans Commercial: Commercial and industrial $ 64,617,000 18.0 % $ 72,959,000 18.8 % (11.4 %) Vacant land, land development, and residential construction 5,924,000 1.6 6,191,000 1.6 (4.3 ) Real estate – owner occupied 62,375,000 17.5 70,263,000 18.1 (11.2 ) Real estate – non-owner occupied 78,481,000 21.8 82,861,000 21.3 (5.3 ) Real estate – multi-family and residential rental 34,666,000 9.6 37,066,000 9.5 (6.5 ) Total commercial 246,063,000 68.5 269,340,000 69.3 (8.6 ) Retail: Home equity and other 27,575,000 7.7 30,750,000 7.9 (10.3 ) 1-4 family mortgages 85,715,000 23.8 88,505,000 22.8 (3.2 ) Total retail 113,290,000 31.5 119,255,000 30.7 (5.0 ) Total acquired loans $ 359,353,000 100.0 % $ 388,595,000 100.0 % (7.5 %) Percent March 31, 2018 December 31, 2017 Increase Balance % Balance % (Decrease) Total loans Commercial: Commercial and industrial $ 739,805,000 29.0 % $ 753,764,000 29.4 % (1.9 %) Vacant land, land development, and residential construction 31,438,000 1.2 29,873,000 1.2 5.2 Real estate – owner occupied 531,152,000 20.8 526,328,000 20.6 0.9 Real estate – non-owner occupied 794,206,000 31.2 791,685,000 30.9 0.3 Real estate – multi-family and residential rental 96,428,000 3.8 101,918,000 4.0 (5.4 ) Total commercial 2,193,029,000 86.0 2,203,568,000 86.1 (0.5 ) Retail: Home equity and other 93,179,000 3.6 100,425,000 3.9 (7.2 ) 1-4 family mortgages 264,996,000 10.4 254,559,000 10.0 4.1 Total retail 358,175,000 14.0 354,984,000 13.9 0.9 Total loans $ 2,551,204,000 100.0 % $ 2,558,552,000 100.0 % (0.3 %) |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Accretable Yield Movement [Table Text Block] | Balance at December 31, 2017 $ 1,404,000 Additions 0 Accretion income (131,000 ) Net reclassification from nonaccretable to accretable 86,000 Reductions (1) (40,000 ) Balance at March 31, 2018 $ 1,319,000 Balance at December 31, 2016 $ 1,726,000 Additions 1,000 Accretion income (147,000 ) Net reclassification from nonaccretable to accretable 63,000 Reductions (1) (179,000 ) Balance at March 31, 2017 $ 1,464,000 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | March 31, December 31, 2018 2017 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 2,763,000 3,672,000 Total nonperforming originated loans $ 2,763,000 $ 3,672,000 March 31, December 31, 2018 2017 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 2,979,000 3,471,000 Total nonperforming acquired loans $ 2,979,000 $ 3,471,000 March 31, December 31, 2018 2017 Commercial: Commercial and industrial $ 619,000 $ 1,444,000 Vacant land, land development, and residential construction 0 35,000 Real estate – owner occupied 1,831,000 2,241,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 154,000 178,000 Total commercial 2,604,000 3,898,000 Retail: Home equity and other 512,000 577,000 1-4 family mortgages 2,626,000 2,668,000 Total retail 3,138,000 3,245,000 Total nonperforming loans $ 5,742,000 $ 7,143,000 |
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 $ 1,350,000 $ 929,000 $ 0 $ 2,279,000 $ 672,909,000 $ 675,188,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 25,514,000 25,514,000 0 Real estate – owner occupied 0 0 251,000 251,000 468,526,000 468,777,000 0 Real estate – non-owner occupied 0 0 0 0 715,725,000 715,725,000 0 Real estate – multi-family and residential rental 0 0 0 0 61,762,000 61,762,000 0 Total commercial 1,350,000 929,000 251,000 2,530,000 1,944,436,000 1,946,966,000 0 Retail: Home equity and other 65,000 0 0 65,000 65,539,000 65,604,000 0 1-4 family mortgages 0 246,000 220,000 466,000 178,815,000 179,281,000 0 Total retail 65,000 246,000 220,000 531,000 244,354,000 244,885,000 0 Total past due loans $ 1,415,000 $ 1,175,000 $ 471,000 $ 3,061,000 $ 2,188,790,000 $ 2,191,851,000 $ 0 30 – 59 60 – 89 Greater Than 89 Recorded 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 $ 0 $ 113,000 $ 113,000 $ 64,504,000 $ 64,617,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 5,924,000 5,924,000 0 Real estate – owner occupied 0 156,000 243,000 399,000 61,976,000 62,375,000 0 Real estate – non-owner occupied 0 0 0 0 78,481,000 78,481,000 0 Real estate – multi-family and residential rental 27,000 0 9,000 36,000 34,630,000 34,666,000 0 Total commercial 27,000 156,000 365,000 548,000 245,515,000 246,063,000 0 Retail: Home equity and other 163,000 44,000 42,000 249,000 27,326,000 27,575,000 0 1-4 family mortgages 645,000 231,000 475,000 1,351,000 84,364,000 85,715,000 0 Total retail 808,000 275,000 517,000 1,600,000 111,690,000 113,290,000 0 Total past due loans $ 835,000 $ 431,000 $ 882,000 $ 2,148,000 $ 357,205,000 $ 359,353,000 $ 0 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 $ 178,000 $ 178,000 $ 680,627,000 $ 680,805,000 $ 0 Vacant land, land development, and residential construction 0 0 35,000 35,000 23,647,000 23,682,000 0 Real estate – owner occupied 0 0 1,244,000 1,244,000 454,821,000 456,065,000 0 Real estate – non-owner occupied 0 0 0 0 708,824,000 708,824,000 0 Real estate – multi-family and residential rental 0 0 0 0 64,852,000 64,852,000 0 Total commercial 0 0 1,457,000 1,457,000 1,932,771,000 1,934,228,000 0 Retail: Home equity and other 647,000 11,000 86,000 744,000 68,931,000 69,675,000 0 1-4 family mortgages 0 0 250,000 250,000 165,804,000 166,054,000 0 Total retail 647,000 11,000 336,000 994,000 234,735,000 235,729,000 0 Total past due loans $ 647,000 $ 11,000 $ 1,793,000 $ 2,451,000 $ 2,167,506,000 $ 2,169,957,000 $ 0 30 – 59 60 – 89 Greater Than 89 Recorded 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 $ 40,000 $ 0 $ 114,000 $ 154,000 $ 72,805,000 $ 72,959,000 $ 0 Vacant land, land development, and residential construction 14,000 0 0 14,000 6,177,000 6,191,000 0 Real estate – owner occupied 634,000 0 271,000 905,000 69,358,000 70,263,000 0 Real estate – non-owner occupied 0 0 0 0 82,861,000 82,861,000 0 Real estate – multi-family and residential rental 0 0 108,000 108,000 36,958,000 37,066,000 0 Total commercial 688,000 0 493,000 1,181,000 268,159,000 269,340,000 0 Retail: Home equity and other 408,000 52,000 154,000 614,000 30,136,000 30,750,000 0 1-4 family mortgages 690,000 333,000 661,000 1,684,000 86,821,000 88,505,000 0 Total retail 1,098,000 385,000 815,000 2,298,000 116,957,000 119,255,000 0 Total past due loans $ 1,786,000 $ 385,000 $ 1,308,000 $ 3,479,000 $ 385,116,000 $ 388,595,000 $ 0 |
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 $ 234,000 $ 234,000 $ 206,000 Vacant land, land development and residential construction 0 0 17,000 Real estate – owner occupied 2,937,000 2,875,000 2,164,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 337,000 337,000 343,000 Total commercial 3,508,000 3,446,000 2,730,000 Retail: Home equity and other 768,000 751,000 716,000 1-4 family mortgages 1,106,000 419,000 437,000 Total retail 1,874,000 1,170,000 1,153,000 Total with no related allowance recorded $ 5,382,000 $ 4,616,000 $ 3,883,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 2,623,000 $ 2,133,000 $ 304,000 $ 2,561,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 1,717,000 1,674,000 226,000 1,532,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 145,000 145,000 17,000 72,000 Total commercial 4,485,000 3,952,000 547,000 4,165,000 Retail: Home equity and other 508,000 498,000 258,000 823,000 1-4 family mortgages 412,000 354,000 58,000 232,000 Total retail 920,000 852,000 316,000 1,055,000 Total with an allowance recorded $ 5,405,000 $ 4,804,000 $ 863,000 $ 5,220,000 Total impaired loans: Commercial $ 7,993,000 $ 7,398,000 $ 547,000 $ 6,895,000 Retail 2,794,000 2,022,000 316,000 2,208,000 Total impaired loans $ 10,787,000 $ 9,420,000 $ 863,000 $ 9,103,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 743,000 $ 733,000 $ 877,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1,110,000 715,000 687,000 Real estate – non-owner occupied 232,000 232,000 235,000 Real estate – multi-family and residential rental 62,000 44,000 131,000 Total commercial 2,147,000 1,724,000 1,930,000 Retail: Home equity and other 690,000 649,000 578,000 1-4 family mortgages 2,586,000 2,007,000 2,080,000 Total retail 3,276,000 2,656,000 2,658,000 Total with no related allowance recorded $ 5,423,000 $ 4,380,000 $ 4,588,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 1,597,000 1,597,000 307,000 799,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 0 0 0 0 Total commercial 1,597,000 1,597,000 307,000 799,000 Retail: Home equity and other 0 0 0 0 1-4 family mortgages 0 0 0 0 Total retail 0 0 0 0 Total with an allowance recorded $ 1,597,000 $ 1,597,000 $ 307,000 $ 799,000 Total impaired loans: Commercial $ 3,744,000 $ 3,321,000 $ 307,000 $ 2,729,000 Retail 3,276,000 2,656,000 0 2,658,000 Total impaired loans $ 7,020,000 $ 5,977,000 $ 307,000 $ 5,387,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 765,000 $ 178,000 $ 1,589,000 Vacant land, land development and residential construction 454,000 35,000 88,000 Real estate – owner occupied 1,528,000 1,452,000 113,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 349,000 349,000 197,000 Total commercial 3,096,000 2,014,000 1,987,000 Retail: Home equity and other 693,000 680,000 247,000 1-4 family mortgages 1,126,000 456,000 649,000 Total retail 1,819,000 1,136,000 896,000 Total with no related allowance recorded $ 4,915,000 $ 3,150,000 $ 2,883,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 3,038,000 $ 2,989,000 $ 963,000 $ 2,690,000 Vacant land, land development and residential construction 0 0 0 749,000 Real estate – owner occupied 1,409,000 1,391,000 239,000 1,144,000 Real estate – non-owner occupied 0 0 0 4,745,000 Real estate – multi-family and residential rental 0 0 0 751,000 Total commercial 4,447,000 4,380,000 1,202,000 10,079,000 Retail: Home equity and other 1,225,000 1,147,000 652,000 697,000 1-4 family mortgages 165,000 110,000 13,000 137,000 Total retail 1,390,000 1,257,000 665,000 834,000 Total with an allowance recorded $ 5,837,000 $ 5,637,000 $ 1,867,000 $ 10,913,000 Total impaired loans: Commercial $ 7,543,000 $ 6,394,000 $ 1,202,000 $ 12,066,000 Retail 3,209,000 2,393,000 665,000 1,730,000 Total impaired loans $ 10,752,000 $ 8,787,000 $ 1,867,000 $ 13,796,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With no related allowance recorded: Commercial: Commercial and industrial $ 1,039,000 $ 1,021,000 $ 892,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1,027,000 659,000 1,151,000 Real estate – non-owner occupied 238,000 237,000 751,000 Real estate – multi-family and residential rental 237,000 218,000 160,000 Total commercial 2,541,000 2,135,000 2,954,000 Retail: Home equity and other 694,000 507,000 336,000 1-4 family mortgages 2,703,000 2,153,000 1,662,000 Total retail 3,397,000 2,660,000 1,998,000 Total with no related allowance recorded $ 5,938,000 $ 4,795,000 $ 4,952,000 First Quarter Unpaid Average Contractual Recorded Recorded Principal Principal Related Principal Balance Balance Allowance Balance With an allowance recorded: Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 19,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 0 0 0 48,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 0 0 0 0 Total commercial 0 0 0 67,000 Retail: Home equity and other 0 0 0 0 1-4 family mortgages 0 0 0 172,000 Total retail 0 0 0 172,000 Total with an allowance recorded $ 0 $ 0 $ 0 $ 239,000 Total impaired loans: Commercial $ 2,541,000 $ 2,135,000 $ 0 $ 3,021,000 Retail 3,397,000 2,660,000 0 2,170,000 Total impaired loans $ 5,938,000 $ 4,795,000 $ 0 $ 5,191,000 |
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 $ 468,826,000 $ 17,645,000 $ 313,933,000 $ 564,093,000 $ 39,571,000 Grades 5 – 7 187,118,000 7,767,000 140,088,000 151,632,000 21,709,000 Grades 8 – 9 19,244,000 102,000 14,756,000 0 482,000 Total commercial $ 675,188,000 $ 25,514,000 $ 468,777,000 $ 715,725,000 $ 61,762,000 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 $ 39,543,000 $ 1,412,000 $ 28,823,000 $ 54,951,000 $ 17,376,000 Grades 5 – 7 24,591,000 4,512,000 30,940,000 23,448,000 17,132,000 Grades 8 – 9 483,000 0 2,612,000 82,000 158,000 Total commercial $ 64,617,000 $ 5,924,000 $ 62,375,000 $ 78,481,000 $ 34,666,000 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 $ 469,537,000 $ 15,090,000 $ 326,700,000 $ 559,388,000 $ 42,951,000 Grades 5 – 7 189,851,000 8,557,000 123,024,000 149,135,000 21,552,000 Grades 8 – 9 21,417,000 35,000 6,341,000 301,000 349,000 Total commercial $ 680,805,000 $ 23,682,000 $ 456,065,000 $ 708,824,000 $ 64,852,000 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 $ 46,263,000 $ 1,446,000 $ 28,706,000 $ 52,674,000 $ 17,499,000 Grades 5 – 7 25,654,000 4,745,000 39,565,000 30,102,000 19,212,000 Grades 8 – 9 1,042,000 0 1,992,000 85,000 355,000 Total commercial $ 72,959,000 $ 6,191,000 $ 70,263,000 $ 82,861,000 $ 37,066,000 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 16,456,000 $ 2,584,000 $ 93,000 $ 19,133,000 Provision for loan losses (341,000 ) (563,000 ) 122,000 (782,000 ) Charge-offs (258,000 ) (135,000 ) 0 (393,000 ) Recoveries 1,008,000 115,000 0 1,123,000 Ending balance $ 16,865,000 $ 2,001,000 $ 215,000 $ 19,081,000 Ending balance: individually evaluated for impairment $ 547,000 $ 316,000 $ 0 $ 863,000 Ending balance: collectively evaluated for impairment $ 16,318,000 $ 1,685,000 $ 215,000 $ 18,218,000 Total loans: Ending balance $ 1,946,966,000 $ 244,885,000 $ 2,191,851,000 Ending balance: individually evaluated for impairment $ 7,398,000 $ 2,022,000 $ 9,420,000 Ending balance: collectively evaluated for impairment $ 1,939,568,000 $ 242,863,000 $ 2,182,431,000 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 291,000 $ 77,000 $ 0 $ 368,000 Provision for loan losses 314,000 468,000 0 782,000 Charge-offs (246,000 ) (15,000 ) 0 (261,000 ) Recoveries 0 4,000 0 4,000 Ending balance $ 359,000 $ 534,000 $ 0 $ 893,000 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 16,026,000 $ 1,882,000 $ (40,000 ) $ 17,868,000 Provision for loan losses 1,148,000 1,360,000 133,000 2,641,000 Charge-offs (2,292,000 ) (891,000 ) 0 (3,183,000 ) Recoveries 1,574,000 233,000 0 1,807,000 Ending balance $ 16,456,000 $ 2,584,000 $ 93,000 $ 19,133,000 Ending balance: individually evaluated for impairment $ 1,202,000 $ 665,000 $ 0 $ 1,867,000 Ending balance: collectively evaluated for impairment $ 15,254,000 $ 1,919,000 $ 93,000 $ 17,266,000 Total loans: Ending balance $ 1,934,228,000 $ 235,729,000 $ 2,169,957,000 Ending balance: individually evaluated for impairment $ 6,394,000 $ 2,393,000 $ 8,787,000 Ending balance: collectively evaluated for impairment $ 1,927,834,000 $ 233,336,000 $ 2,161,170,000 Commercial Retail Loans Loans Unallocated Total Allowance for loan losses: Beginning balance $ 75,000 $ 18,000 $ 0 $ 93,000 Provision for loan losses 210,000 99,000 0 309,000 Charge-offs (12,000 ) (40,000 ) 0 (52,000 ) Recoveries 18,000 0 0 18,000 Ending balance $ 291,000 $ 77,000 $ 0 $ 368,000 |
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 3 $ 107,000 $ 96,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 4 3,865,000 3,854,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 7 3,972,000 3,950,000 Retail: Home equity and other 1 50,000 50,000 1-4 family mortgages 0 0 0 Total originated retail 1 50,000 50,000 Total originated loans 8 $ 4,022,000 $ 4,000,000 Acquired loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 3 1,597,000 1,597,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 3 1,597,000 1,597,000 Retail: Home equity and other 6 118,000 119,000 1-4 family mortgages 0 0 0 Total acquired retail 6 118,000 119,000 Total acquired loans 9 $ 1,715,000 $ 1,716,000 Pre- Post- Modification Modification Recorded Recorded Number of Principal Principal Contracts Balance Balance Originated 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 originated commercial 0 0 0 Retail: Home equity and other 4 328,000 329,000 1-4 family mortgages 0 0 0 Total originated retail 4 328,000 329,000 Total originated loans 4 $ 328,000 $ 329,000 Acquired loans Commercial: Commercial and industrial 1 $ 31,000 $ 31,000 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 acquired commercial 1 31,000 31,000 Retail: Home equity and other 2 6,000 7,000 1-4 family mortgages 1 57,000 57,000 Total acquired retail 3 63,000 64,000 Total acquired loans 4 $ 94,000 $ 95,000 |
Troubled Debt Restructurings on Financing Receivables with in 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 1 251,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 1 251,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 1 $ 251,000 Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 1 $ 113,000 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 1 113,000 Retail: Home equity and other 2 20,000 1-4 family mortgages 0 0 Total retail 2 20,000 Total 3 $ 133,000 Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 2 $ 34,000 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 1 130,000 Total commercial 3 164,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 3 $ 164,000 Recorded Number of Principal Contracts Balance Commercial: Commercial and industrial 1 $ 24,000 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 1 24,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 1 $ 24,000 |
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 $ 2,989,000 $ 383,000 $ 1,599,000 $ 0 $ 0 Charge-Offs (230,000 ) 0 0 0 0 Payments (882,000 ) (45,000 ) (855,000 ) 0 0 Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 105,000 0 3,804,000 0 0 Ending Balance $ 1,982,000 $ 338,000 $ 4,548,000 $ 0 $ 0 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 1,127,000 $ 146,000 Charge-Offs 0 0 Payments (8,000 ) (2,000 ) Transfers to ORE 0 0 Net Additions/Deletions 50,000 0 Ending Balance $ 1,169,000 $ 144,000 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 Commercial Loan Portfolio: Beginning Balance $ 1,001,000 $ 0 $ 427,000 $ 237,000 $ 41,000 Charge-Offs (275,000 ) 0 0 0 0 Payments (10,000 ) 0 (17,000 ) (5,000 ) (5,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 0 0 1,597,000 0 0 Ending Balance $ 716,000 $ 0 $ 2,007,000 $ 232,000 $ 36,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 219,000 $ 393,000 Charge-Offs (15,000 ) 0 Payments (1,000 ) (9,000 ) Transfers to ORE (82,000 ) 0 Net Additions/Deletions 119,000 0 Ending Balance $ 240,000 $ 384,000 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 Commercial Loan Portfolio: Beginning Balance $ 1,503,000 $ 1,488,000 $ 906,000 $ 5,110,000 $ 716,000 Charge-Offs 0 0 0 0 0 Payments (125,000 ) (529,000 ) (27,000 ) (123,000 ) (113,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 159,000 0 0 (436,000 ) (312,000 ) Ending Balance $ 1,537,000 $ 959,000 $ 879,000 $ 4,551,000 $ 291,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 385,000 $ 157,000 Charge-Offs 0 0 Payments 0 (3,000 ) Transfers to ORE 0 0 Net Additions/Deletions 321,000 0 Ending Balance $ 706,000 $ 154,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Commercial Commercial Commercial Loan Portfolio: Beginning Balance $ 1,125,000 $ 0 $ 900,000 $ 728,000 $ 60,000 Charge-Offs 0 0 (12,000 ) 0 0 Payments (233,000 ) 0 0 (145,000 ) 0 Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 30,000 0 108,000 0 8,000 Ending Balance $ 922,000 $ 0 $ 996,000 $ 583,000 $ 68,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Retail Loan Portfolio: Beginning Balance $ 208,000 $ 326,000 Charge-Offs 0 0 Payments (9,000 ) (4,000 ) Transfers to ORE 0 0 Net Additions/Deletions 7,000 54,000 Ending Balance $ 206,000 $ 376,000 |
Allowance Related to Loans Categorized as Troubled Debt Restructurings [Table Text Block] | March 31, December 31, 2018 2017 Commercial: Commercial and industrial $ 85,000 $ 107,000 Vacant land, land development, and residential construction 0 0 Real estate – owner occupied 375,000 141,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 460,000 248,000 Retail: Home equity and other 215,000 196,000 1-4 family mortgages 21,000 0 Total retail 236,000 196,000 Total related allowance $ 696,000 $ 444,000 |
Retail Portfolio Segment [Member] | |
Notes Tables | |
Financing Receivable Credit Quality Indicators [Table Text Block] | Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 65,604,000 $ 179,281,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 27,575,000 $ 85,715,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 69,675,000 $ 166,054,000 Retail Retail Home Equity 1-4 Family and Other Mortgages Total retail $ 30,750,000 $ 88,505,000 |
Note 4 - Premises and Equipme24
Note 4 - Premises and Equipment, Net (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | March 31, December 31, 2018 2017 Land and improvements $ 17,938,000 $ 18,046,000 Buildings 41,751,000 41,179,000 Furniture and equipment 17,858,000 17,398,000 77,547,000 76,623,000 Less: accumulated depreciation 31,247,000 30,589,000 Premises and equipment, net $ 46,300,000 $ 46,034,000 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Summary of Deposits and Percentage Change in Deposits [Table Text Block] | Percent March 31, 2018 December 31, 2017 Increase Balance % Balance % (Decrease) Noninterest-bearing demand $ 830,187,000 32.7 % $ 866,380,000 34.3 % (4.2 %) Interest-bearing checking 392,134,000 15.4 387,758,000 15.4 1.1 Money market 486,318,000 19.1 427,119,000 16.9 13.9 Savings 326,247,000 12.9 327,530,000 13.0 (0.4 ) Time, under $100,000 156,053,000 6.2 152,294,000 6.0 2.5 Time, $100,000 and over 246,703,000 9.7 258,626,000 10.3 (4.6 ) Total local deposits 2,437,642,000 96.0 2,419,707,000 95.9 0.7 Out-of-area time, under $100,000 0 NA 0 NA NA Out-of-area time, $100,000 and over 102,411,000 4.0 102,658,000 4.1 (0.2 ) Total out-of-area deposits 102,411,000 4.0 102,658,000 4.1 (0.2 ) Total deposits $ 2,540,053,000 100.0 % $ 2,522,365,000 100.0 % 0.7 % |
Note 6 - Securities Sold Unde26
Note 6 - Securities Sold Under Agreements to Repurchase (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Repurchase Agreements [Table Text Block] | Three Months Ended Twelve Months Ended March 31, 2018 December 31, 2017 Outstanding balance at end of period $ 104,894,000 $ 118,748,000 Average interest rate at end of period 0.25 % 0.16 % Average daily balance during the period $ 108,048,000 $ 116,587,000 Average interest rate during the period 0.22 % 0.16 % Maximum daily balance during the period $ 123,046,000 $ 142,459,000 |
Note 7 - Federal Home Loan Ba27
Note 7 - Federal Home Loan Bank of Indianapolis Advances (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Maturities of Currently Outstanding FHLB Advances [Table Text Block] | 2018 $ 20,000,000 2019 40,000,000 2020 30,000,000 2021 40,000,000 2022 40,000,000 Thereafter 50,000,000 |
Note 8 - Commitments and Off-28
Note 8 - Commitments and Off-Balance Sheet Risk (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Summary of Contractual Amounts of Financial Instruments With Off Balance Sheet Risk [Table Text Block] | March 31, December 31, 2018 2017 Commercial unused lines of credit $ 678,832,000 $ 682,202,000 Unused lines of credit secured by 1 – 4 family residential properties 60,930,000 61,606,000 Credit card unused lines of credit 42,693,000 39,807,000 Other consumer unused lines of credit 17,788,000 17,629,000 Commitments to make loans 238,437,000 184,923,000 Standby letters of credit 23,592,000 26,030,000 $ 1,062,272,000 $ 1,012,197,000 |
Note 10 - Fair Values of Fina29
Note 10 - Fair Values of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Level in March 31, 2018 December 31, 2017 Fair Value Carrying Fair Carrying Fair Hierarchy Values Values Values Values Financial assets: Cash Level 1 $ 11,148 $ 11,148 $ 11,565 $ 11,565 Cash equivalents Level 2 200,009 200,009 188,536 188,536 Securities available for sale (1) 336,988 336,988 335,744 335,744 FHLBI stock (2) 11,036 11,036 11,036 11,036 Loans, net Level 3 2,529,366 2,528,622 2,536,498 2,520,063 Loans held for sale Level 2 1,864 1,864 2,553 2,553 Mortgage servicing rights Level 2 4,899 8,223 5,106 8,373 Accrued interest receivable Level 2 9,590 9,590 8,770 8,770 Financial liabilities: Deposits Level 2 2,540,053 2,361,212 2,522,365 2,368,188 Repurchase agreements Level 2 104,894 104,894 118,748 118,748 FHLBI advances Level 2 220,000 214,172 220,000 217,130 Subordinated debentures Level 2 45,688 46,280 45,517 45,732 Accrued interest payable Level 2 2,172 2,172 1,919 1,919 Interest rate swap (1) 0 0 2 2 |
Note 11 - Fair Values (Tables)
Note 11 - Fair Values (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
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 $ 173,169,000 $ 0 $ 173,169,000 $ 0 Mortgage-backed securities 40,351,000 0 40,351,000 0 Municipal general obligation bonds 117,660,000 0 112,469,000 5,191,000 Municipal revenue bonds 3,843,000 0 3,843,000 0 Other investments 1,965,000 0 1,965,000 0 Total $ 336,988,000 $ 0 $ 331,797,000 $ 5,191,000 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 $ 169,700,000 $ 0 $ 169,700,000 $ 0 Mortgage-backed securities 38,792,000 0 38,792,000 0 Municipal general obligation bonds 121,293,000 0 116,102,000 5,191,000 Municipal revenue bonds 3,978,000 0 3,978,000 0 Other investments 1,981,000 0 1,981,000 0 Interest rate swap (2,000 ) 0 (2,000 ) 0 Total $ 335,742,000 $ 0 $ 330,551,000 $ 5,191,000 |
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 $ 4,498,000 $ 0 $ 0 $ 4,498,000 Foreclosed assets 2,384,000 0 0 2,384,000 Total $ 6,882,000 $ 0 $ 0 $ 6,882,000 Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Impaired loans $ 5,836,000 $ 0 $ 0 $ 5,836,000 Foreclosed assets 2,260,000 0 0 2,260,000 Total $ 8,096,000 $ 0 $ 0 $ 8,096,000 |
Note 12 - Regulatory Matters (T
Note 12 - Regulatory Matters (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
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, 2018 Total capital (to risk weighted assets) Consolidated $ 387,520 13.2 % $ 234,830 8.0 % $ NA NA Bank 379,370 12.9 234,646 8.0 293,307 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 367,546 12.5 176,123 6.0 NA NA Bank 359,396 12.3 175,984 6.0 234,646 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 323,932 11.0 132,092 4.5 NA NA Bank 359,396 12.3 131,988 4.5 190,650 6.5 Tier 1 capital (to average assets) Consolidated 367,546 11.5 127,794 4.0 NA NA Bank 359,396 11.3 127,712 4.0 159,640 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, 2017 Total capital (to risk weighted assets) Consolidated $ 379,417 12.9 % $ 235,723 8.0 % $ NA NA Bank 371,346 12.6 235,515 8.0 294,393 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 359,915 12.2 176,792 6.0 NA NA Bank 351,844 12.0 176,636 6.0 235,515 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 316,472 10.7 132,594 4.5 NA NA Bank 351,844 12.0 132,477 4.5 191,356 6.5 Tier 1 capital (to average assets) Consolidated 359,915 11.3 127,782 4.0 NA NA Bank 351,844 11.0 127,698 4.0 159,623 5.0 |
Note 1 - Significant Accounti32
Note 1 - Significant Accounting Policies (Details Textual) $ in Millions | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2018USD ($)shares | Mar. 31, 2017shares | Dec. 31, 2018 | Dec. 31, 2017USD ($) | |
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 | $ | $ 1.9 | $ 2.6 | ||
Servicing Asset, Total | $ | $ 611 | |||
Adjustments for New Accounting Principle, Early Adoption [Member] | ||||
Reclassification from AOCI to Retained Earnings, Current Period | $ | $ 0.9 | |||
Scenario, Forecast [Member] | ||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | |||
Core Deposits [Member] | ||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 10 years | |||
Restricted Stock [Member] | ||||
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights | shares | 236,000 | 225,000 | ||
Employee Stock Option [Member] | ||||
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights | shares | 17,000 | 34,000 | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares | 7,000 | 7,000 |
Note 2 - Securities (Details Te
Note 2 - Securities (Details Textual) | 3 Months Ended | |
Mar. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | $ 296,119,000 | $ 252,521,000 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 14,039,000 | 7,559,000 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance | 0 | |
Debt Securities, Available-for-sale, Amortized Cost, Total | 350,335,000 | 341,948,000 |
Debt Securities, Available-for-sale, Total | 336,988,000 | 335,744,000 |
State of Michigan and All Its Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 112,000,000 | 112,000,000 |
Debt Securities, Available-for-sale, Total | 111,000,000 | 112,000,000 |
All Other States and Their Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 10,800,000 | 12,900,000 |
Debt Securities, Available-for-sale, Total | $ 10,700,000 | 13,000,000 |
Securities Other Than US Government Agencies and the State of Michigan and Political Subdivisions [Member] | Stockholders' Equity, Total [Member] | Securities Issued Concentration Risk [Member] | ||
Concentration Risk, Percentage | 10.00% | |
US Government Agency Debt Obligations and Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale, Restricted | $ 105,000,000 | $ 119,000,000 |
Debt Securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 394 | |
Mutual Funds [Member] | ||
Equity Securities, Number of Positions | 1 |
Note 2 - Securities - Available
Note 2 - Securities - Available-for-sale Securities (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale, Amortized Cost, Total | $ 350,335,000 | $ 341,948,000 |
Gross Unrealized Gains | 692,000 | 1,355,000 |
Gross Unrealized Losses | (14,039,000) | (7,559,000) |
Fair Value | 336,988,000 | 335,744,000 |
US Government Agencies Debt Securities [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 184,422,000 | 175,953,000 |
Gross Unrealized Gains | 4,000 | 99,000 |
Gross Unrealized Losses | (11,257,000) | (6,352,000) |
Fair Value | 173,169,000 | 169,700,000 |
Collateralized Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 41,104,000 | 38,967,000 |
Gross Unrealized Gains | 278,000 | 335,000 |
Gross Unrealized Losses | (1,031,000) | (510,000) |
Fair Value | 40,351,000 | 38,792,000 |
Municipal General Obligation Bonds [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 118,881,000 | 121,040,000 |
Gross Unrealized Gains | 404,000 | 891,000 |
Gross Unrealized Losses | (1,625,000) | (638,000) |
Fair Value | 117,660,000 | 121,293,000 |
Municipal Revenue Bonds [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 3,910,000 | 3,978,000 |
Gross Unrealized Gains | 6,000 | 30,000 |
Gross Unrealized Losses | (73,000) | (30,000) |
Fair Value | 3,843,000 | 3,978,000 |
Other Debt and Equity Securities [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 2,018,000 | 2,010,000 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (53,000) | (29,000) |
Fair Value | $ 1,965,000 | $ 1,981,000 |
Note 2 - Securities - Securitie
Note 2 - Securities - Securities in a Continuous Loss Position (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Securities available for sale, continuous unrealized loss position, less than 12 months | $ 105,956,000 | $ 60,173,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 2,627,000 | 733,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 190,163,000 | 192,348,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 11,412,000 | 6,826,000 |
Securities available for sale, continuous unrealized loss position | 296,119,000 | 252,521,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 14,039,000 | 7,559,000 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 44,594,000 | 35,677,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 1,464,000 | 434,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 126,600,000 | 115,374,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 9,793,000 | 5,918,000 |
Securities available for sale, continuous unrealized loss position | 171,194,000 | 151,051,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 11,257,000 | 6,352,000 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 14,519,000 | 10,179,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 479,000 | 156,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 18,867,000 | 21,084,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 552,000 | 354,000 |
Securities available for sale, continuous unrealized loss position | 33,386,000 | 31,263,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 1,031,000 | 510,000 |
Municipal General Obligation Bonds [Member] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 43,826,000 | 12,807,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 615,000 | 114,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 43,537,000 | 54,703,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 1,010,000 | 524,000 |
Securities available for sale, continuous unrealized loss position | 87,363,000 | 67,510,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 1,625,000 | 638,000 |
Municipal Revenue Bonds [Member] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 1,499,000 | 0 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 16,000 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 1,159,000 | 1,187,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 57,000 | 30,000 |
Securities available for sale, continuous unrealized loss position | 2,658,000 | 1,187,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 73,000 | 30,000 |
Other Debt and Equity Securities [Member] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 1,518,000 | 1,510,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 53,000 | 29,000 |
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 | 1,518,000 | 1,510,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | $ 53,000 | $ 29,000 |
Note 2 - Securities - Debt Secu
Note 2 - Securities - Debt Securities by Maturity (Details) | Mar. 31, 2018USD ($) |
Due in 2018 | 1.86% |
Due in 2018 | $ 28,193,000 |
Due in 2018 | $ 28,181,000 |
Due in 2019 through 2023 | 2.12% |
Due in 2019 through 2023 | $ 65,051,000 |
Due in 2019 through 2023 | $ 64,576,000 |
Due in 2024 through 2028 | 2.52% |
Due in 2024 through 2028 | $ 99,189,000 |
Due in 2024 through 2028 | $ 94,685,000 |
Due in 2029 and beyond | 2.95% |
Due in 2029 and beyond | $ 114,780,000 |
Due in 2029 and beyond | $ 107,230,000 |
Total available for sale securities | 2.51% |
Total available for sale securities | $ 350,335,000 |
Total available for sale securities | $ 336,988,000 |
Collateralized Mortgage Backed Securities [Member] | |
No single maturity, weighted average yield | 2.33% |
No single maturity, amortized cost | $ 41,104,000 |
No single maturity, fair value | $ 40,351,000 |
Other Debt and Equity Securities [Member] | |
No single maturity, weighted average yield | 2.84% |
No single maturity, amortized cost | $ 2,018,000 |
No single maturity, fair value | $ 1,965,000 |
Note 3 - Loans and Allowance 37
Note 3 - Loans and Allowance for Loan Losses (Details Textual) - USD ($) | 3 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | |
Loans and Leases Receivable, Net of Deferred Income, Total | $ 2,551,204,000 | $ 2,558,552,000 | |
Loans and Leases Receivable Period Increase (Decrease) | $ (7,300,000) | ||
Loans and Leases Receivable, Percentage Period Increase (Decrease) | 0.30% | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance, Total | $ 9,200,000 | 11,900,000 | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 5,000,000 | $ 5,200,000 | |
Impaired Financing Receivable, Interest Income, Accrual Method, Total | 300,000 | $ 200,000 | |
Loans and Leases Receivable Nonaccrual Loans Interest Income Recognized | 0 | 0 | |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 100,000 | $ 100,000 | |
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 - Components of Loan Portfolio (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Loans | $ 2,551,204,000 | $ 2,558,552,000 |
Percent of portfolio | 100.00% | 100.00% |
Period increase (decrease) | (0.30%) | |
Commercial Portfolio Segment [Member] | ||
Loans | $ 2,193,029,000 | $ 2,203,568,000 |
Percent of portfolio | 86.00% | 86.10% |
Period increase (decrease) | (0.50%) | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans | $ 739,805,000 | $ 753,764,000 |
Percent of portfolio | 29.00% | 29.40% |
Period increase (decrease) | (1.90%) | |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans | $ 31,438,000 | $ 29,873,000 |
Percent of portfolio | 1.20% | 1.20% |
Period increase (decrease) | 5.20% | |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans | $ 531,152,000 | $ 526,328,000 |
Percent of portfolio | 20.80% | 20.60% |
Period increase (decrease) | 0.90% | |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans | $ 794,206,000 | $ 791,685,000 |
Percent of portfolio | 31.20% | 30.90% |
Period increase (decrease) | 0.30% | |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans | $ 96,428,000 | $ 101,918,000 |
Percent of portfolio | 3.80% | 4.00% |
Period increase (decrease) | (5.40%) | |
Retail Portfolio Segment [Member] | ||
Loans | $ 358,175,000 | $ 354,984,000 |
Percent of portfolio | 14.00% | 13.90% |
Period increase (decrease) | 0.90% | |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | $ 93,179,000 | $ 100,425,000 |
Percent of portfolio | 3.60% | 3.90% |
Period increase (decrease) | (7.20%) | |
Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | $ 264,996,000 | $ 254,559,000 |
Percent of portfolio | 10.40% | 10.00% |
Period increase (decrease) | 4.10% | |
Originated Loan [Member] | ||
Loans | $ 2,191,851,000 | $ 2,169,957,000 |
Percent of portfolio | 100.00% | 100.00% |
Period increase (decrease) | 1.00% | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | ||
Loans | $ 1,946,966,000 | $ 1,934,228,000 |
Percent of portfolio | 88.80% | 89.10% |
Period increase (decrease) | 0.70% | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans | $ 675,188,000 | $ 680,805,000 |
Percent of portfolio | 30.80% | 31.30% |
Period increase (decrease) | (0.80%) | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans | $ 25,514,000 | $ 23,682,000 |
Percent of portfolio | 1.20% | 1.10% |
Period increase (decrease) | 7.70% | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans | $ 468,777,000 | $ 456,065,000 |
Percent of portfolio | 21.40% | 21.00% |
Period increase (decrease) | 2.80% | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans | $ 715,725,000 | $ 708,824,000 |
Percent of portfolio | 32.60% | 32.70% |
Period increase (decrease) | 1.00% | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans | $ 61,762,000 | $ 64,852,000 |
Percent of portfolio | 2.80% | 3.00% |
Period increase (decrease) | (4.80%) | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans | $ 244,885,000 | $ 235,729,000 |
Percent of portfolio | 11.20% | 10.90% |
Period increase (decrease) | 3.90% | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | $ 65,604,000 | $ 69,675,000 |
Percent of portfolio | 3.00% | 3.20% |
Period increase (decrease) | (5.80%) | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | $ 179,281,000 | $ 166,054,000 |
Percent of portfolio | 8.20% | 7.70% |
Period increase (decrease) | 8.00% | |
Acquired Loan [Member] | ||
Loans | $ 359,353,000 | $ 388,595,000 |
Percent of portfolio | 100.00% | 100.00% |
Period increase (decrease) | (7.50%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | ||
Loans | $ 246,063,000 | $ 269,340,000 |
Percent of portfolio | 68.50% | 69.30% |
Period increase (decrease) | (8.60%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans | $ 64,617,000 | $ 72,959,000 |
Percent of portfolio | 18.00% | 18.80% |
Period increase (decrease) | (11.40%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans | $ 5,924,000 | $ 6,191,000 |
Percent of portfolio | 1.60% | 1.60% |
Period increase (decrease) | (4.30%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans | $ 62,375,000 | $ 70,263,000 |
Percent of portfolio | 17.50% | 18.10% |
Period increase (decrease) | (11.20%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans | $ 78,481,000 | $ 82,861,000 |
Percent of portfolio | 21.80% | 21.30% |
Period increase (decrease) | (5.30%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans | $ 34,666,000 | $ 37,066,000 |
Percent of portfolio | 9.60% | 9.50% |
Period increase (decrease) | (6.50%) | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans | $ 113,290,000 | $ 119,255,000 |
Percent of portfolio | 31.50% | 30.70% |
Period increase (decrease) | (5.00%) | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | $ 27,575,000 | $ 30,750,000 |
Percent of portfolio | 7.70% | 7.90% |
Period increase (decrease) | (10.30%) | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | $ 85,715,000 | $ 88,505,000 |
Percent of portfolio | 23.80% | 22.80% |
Period increase (decrease) | (3.20%) |
Note 3 - Loans and Allowance 39
Note 3 - Loans and Allowance for Loan Losses - Acquired Impaired Loans Accretable Yield (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | ||
Balance at beginning of period | $ 1,404,000 | $ 1,726,000 | |
Additions | 0 | 1,000 | |
Accretion income | (131,000) | (147,000) | |
Net reclassification from nonaccretable to accretable | 86,000 | 63,000 | |
Reductions (1) | [1] | (40,000) | (179,000) |
Balance at end of period | $ 1,319,000 | $ 1,464,000 | |
[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 - Nonperforming Loans (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Originated Loan [Member] | ||
Loans past due 90 days or more still accruing interest | $ 0 | $ 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Nonperforming Financial Instruments [Member] | ||
Total nonperforming | 5,742,000 | 7,143,000 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Total nonperforming | 2,604,000 | 3,898,000 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Total nonperforming | 619,000 | 1,444,000 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Total nonperforming | 0 | 35,000 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Total nonperforming | 1,831,000 | 2,241,000 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Total nonperforming | 0 | 0 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Total nonperforming | 154,000 | 178,000 |
Nonperforming Financial Instruments [Member] | Retail Portfolio Segment [Member] | ||
Total nonperforming | 3,138,000 | 3,245,000 |
Nonperforming Financial Instruments [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Total nonperforming | 512,000 | 577,000 |
Nonperforming Financial Instruments [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Total nonperforming | 2,626,000 | 2,668,000 |
Nonperforming Financial Instruments [Member] | Originated Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Nonaccrual loans | 2,763,000 | 3,672,000 |
Total nonperforming | 2,763,000 | 3,672,000 |
Nonperforming Financial Instruments [Member] | Acquired Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Nonaccrual loans | 2,979,000 | 3,471,000 |
Total nonperforming | $ 2,979,000 | $ 3,471,000 |
Note 3 - Loans and Allowance 41
Note 3 - Loans and Allowance for Loan Losses - Age Analysis of Past Due Loans (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Loans | $ 2,551,204,000 | $ 2,558,552,000 |
Originated Loan [Member] | ||
Past due loans | 3,061,000 | 2,451,000 |
Current loans | 2,188,790,000 | 2,167,506,000 |
Loans | 2,191,851,000 | 2,169,957,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | ||
Past due loans | 2,148,000 | 3,479,000 |
Current loans | 357,205,000 | 385,116,000 |
Loans | 359,353,000 | 388,595,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Loans | 2,193,029,000 | 2,203,568,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans | 739,805,000 | 753,764,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans | 31,438,000 | 29,873,000 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans | 531,152,000 | 526,328,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans | 794,206,000 | 791,685,000 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans | 96,428,000 | 101,918,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 2,530,000 | 1,457,000 |
Current loans | 1,944,436,000 | 1,932,771,000 |
Loans | 1,946,966,000 | 1,934,228,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 2,279,000 | 178,000 |
Current loans | 672,909,000 | 680,627,000 |
Loans | 675,188,000 | 680,805,000 |
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] | ||
Past due loans | 0 | 35,000 |
Current loans | 25,514,000 | 23,647,000 |
Loans | 25,514,000 | 23,682,000 |
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] | ||
Past due loans | 251,000 | 1,244,000 |
Current loans | 468,526,000 | 454,821,000 |
Loans | 468,777,000 | 456,065,000 |
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] | ||
Past due loans | 0 | 0 |
Current loans | 715,725,000 | 708,824,000 |
Loans | 715,725,000 | 708,824,000 |
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] | ||
Past due loans | 0 | 0 |
Current loans | 61,762,000 | 64,852,000 |
Loans | 61,762,000 | 64,852,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 548,000 | 1,181,000 |
Current loans | 245,515,000 | 268,159,000 |
Loans | 246,063,000 | 269,340,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 113,000 | 154,000 |
Current loans | 64,504,000 | 72,805,000 |
Loans | 64,617,000 | 72,959,000 |
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] | ||
Past due loans | 0 | 14,000 |
Current loans | 5,924,000 | 6,177,000 |
Loans | 5,924,000 | 6,191,000 |
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] | ||
Past due loans | 399,000 | 905,000 |
Current loans | 61,976,000 | 69,358,000 |
Loans | 62,375,000 | 70,263,000 |
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] | ||
Past due loans | 0 | 0 |
Current loans | 78,481,000 | 82,861,000 |
Loans | 78,481,000 | 82,861,000 |
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] | ||
Past due loans | 36,000 | 108,000 |
Current loans | 34,630,000 | 36,958,000 |
Loans | 34,666,000 | 37,066,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | ||
Loans | 358,175,000 | 354,984,000 |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | 93,179,000 | 100,425,000 |
Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | 264,996,000 | 254,559,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 531,000 | 994,000 |
Current loans | 244,354,000 | 234,735,000 |
Loans | 244,885,000 | 235,729,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 65,000 | 744,000 |
Current loans | 65,539,000 | 68,931,000 |
Loans | 65,604,000 | 69,675,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 466,000 | 250,000 |
Current loans | 178,815,000 | 165,804,000 |
Loans | 179,281,000 | 166,054,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 1,600,000 | 2,298,000 |
Current loans | 111,690,000 | 116,957,000 |
Loans | 113,290,000 | 119,255,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 249,000 | 614,000 |
Current loans | 27,326,000 | 30,136,000 |
Loans | 27,575,000 | 30,750,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 1,351,000 | 1,684,000 |
Current loans | 84,364,000 | 86,821,000 |
Loans | 85,715,000 | 88,505,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Originated Loan [Member] | ||
Past due loans | 1,415,000 | 647,000 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Acquired Loan [Member] | ||
Past due loans | 835,000 | 1,786,000 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 1,350,000 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 1,350,000 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 27,000 | 688,000 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 0 | 40,000 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 14,000 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 0 | 634,000 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 27,000 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 65,000 | 647,000 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 65,000 | 647,000 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 808,000 | 1,098,000 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 163,000 | 408,000 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 645,000 | 690,000 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Originated Loan [Member] | ||
Past due loans | 1,175,000 | 11,000 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Acquired Loan [Member] | ||
Past due loans | 431,000 | 385,000 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 929,000 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 929,000 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 156,000 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 156,000 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 246,000 | 11,000 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 0 | 11,000 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 246,000 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 275,000 | 385,000 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 44,000 | 52,000 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 231,000 | 333,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Originated Loan [Member] | ||
Past due loans | 471,000 | 1,793,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Acquired Loan [Member] | ||
Past due loans | 882,000 | 1,308,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 251,000 | 1,457,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 0 | 178,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 35,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 251,000 | 1,244,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 365,000 | 493,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 113,000 | 114,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 243,000 | 271,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 9,000 | 108,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 220,000 | 336,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 0 | 86,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 220,000 | 250,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 517,000 | 815,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 42,000 | 154,000 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | $ 475,000 | $ 661,000 |
Note 3 - Loans and Allowance 42
Note 3 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | |
Originated Loan [Member] | |||
With no related allowance recorded, unpaid principal balance | $ 5,382,000 | $ 4,915,000 | |
With no related allowance recorded, principal balance | 4,616,000 | 3,150,000 | |
With no related allowance recorded, average recorded principal balance | 3,883,000 | $ 2,883,000 | |
With related allowance recorded, unpaid principal balance | 5,405,000 | 5,837,000 | |
With related allowance recorded, principal balance | 4,804,000 | 5,637,000 | |
Related allowance | 863,000 | 1,867,000 | |
With related allowance recorded, average recorded principal balance | 5,220,000 | 10,913,000 | |
Total unpaid principal balance | 10,787,000 | 10,752,000 | |
Total principal balance | 9,420,000 | 8,787,000 | |
Total average recorded principal balance | 9,103,000 | 13,796,000 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | |||
With no related allowance recorded, unpaid principal balance | 3,508,000 | 3,096,000 | |
With no related allowance recorded, principal balance | 3,446,000 | 2,014,000 | |
With no related allowance recorded, average recorded principal balance | 2,730,000 | 1,987,000 | |
With related allowance recorded, unpaid principal balance | 4,485,000 | 4,447,000 | |
With related allowance recorded, principal balance | 3,952,000 | 4,380,000 | |
Related allowance | 547,000 | 1,202,000 | |
With related allowance recorded, average recorded principal balance | 4,165,000 | 10,079,000 | |
Total unpaid principal balance | 7,993,000 | 7,543,000 | |
Total principal balance | 7,398,000 | 6,394,000 | |
Total average recorded principal balance | 6,895,000 | 12,066,000 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
With no related allowance recorded, unpaid principal balance | 234,000 | 765,000 | |
With no related allowance recorded, principal balance | 234,000 | 178,000 | |
With no related allowance recorded, average recorded principal balance | 206,000 | 1,589,000 | |
With related allowance recorded, unpaid principal balance | 2,623,000 | 3,038,000 | |
With related allowance recorded, principal balance | 2,133,000 | 2,989,000 | |
Related allowance | 304,000 | 963,000 | |
With related allowance recorded, average recorded principal balance | 2,561,000 | 2,690,000 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
With no related allowance recorded, unpaid principal balance | 0 | 454,000 | |
With no related allowance recorded, principal balance | 0 | 35,000 | |
With no related allowance recorded, average recorded principal balance | 17,000 | 88,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | |
With related allowance recorded, principal balance | 0 | 0 | |
Related allowance | 0 | 0 | |
With related allowance recorded, average recorded principal balance | 0 | 749,000 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | |||
With no related allowance recorded, unpaid principal balance | 2,937,000 | 1,528,000 | |
With no related allowance recorded, principal balance | 2,875,000 | 1,452,000 | |
With no related allowance recorded, average recorded principal balance | 2,164,000 | 113,000 | |
With related allowance recorded, unpaid principal balance | 1,717,000 | 1,409,000 | |
With related allowance recorded, principal balance | 1,674,000 | 1,391,000 | |
Related allowance | 226,000 | 239,000 | |
With related allowance recorded, average recorded principal balance | 1,532,000 | 1,144,000 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
With no related allowance recorded, unpaid principal balance | 0 | 0 | |
With no related allowance recorded, principal balance | 0 | 0 | |
With no related allowance recorded, average recorded principal balance | 0 | 0 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | |
With related allowance recorded, principal balance | 0 | 0 | |
Related allowance | 0 | 0 | |
With related allowance recorded, average recorded principal balance | 0 | 4,745,000 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
With no related allowance recorded, unpaid principal balance | 337,000 | 349,000 | |
With no related allowance recorded, principal balance | 337,000 | 349,000 | |
With no related allowance recorded, average recorded principal balance | 343,000 | 197,000 | |
With related allowance recorded, unpaid principal balance | 145,000 | 0 | |
With related allowance recorded, principal balance | 145,000 | 0 | |
Related allowance | 17,000 | 0 | |
With related allowance recorded, average recorded principal balance | 72,000 | 751,000 | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | |||
With no related allowance recorded, unpaid principal balance | 1,874,000 | 1,819,000 | |
With no related allowance recorded, principal balance | 1,170,000 | 1,136,000 | |
With no related allowance recorded, average recorded principal balance | 1,153,000 | 896,000 | |
With related allowance recorded, unpaid principal balance | 920,000 | 1,390,000 | |
With related allowance recorded, principal balance | 852,000 | 1,257,000 | |
Related allowance | 316,000 | 665,000 | |
With related allowance recorded, average recorded principal balance | 1,055,000 | 834,000 | |
Total unpaid principal balance | 2,794,000 | 3,209,000 | |
Total principal balance | 2,022,000 | 2,393,000 | |
Total average recorded principal balance | 2,208,000 | 1,730,000 | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | |||
With no related allowance recorded, unpaid principal balance | 768,000 | 693,000 | |
With no related allowance recorded, principal balance | 751,000 | 680,000 | |
With no related allowance recorded, average recorded principal balance | 716,000 | 247,000 | |
With related allowance recorded, unpaid principal balance | 508,000 | 1,225,000 | |
With related allowance recorded, principal balance | 498,000 | 1,147,000 | |
Related allowance | 258,000 | 652,000 | |
With related allowance recorded, average recorded principal balance | 823,000 | 697,000 | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | |||
With no related allowance recorded, unpaid principal balance | 1,106,000 | 1,126,000 | |
With no related allowance recorded, principal balance | 419,000 | 456,000 | |
With no related allowance recorded, average recorded principal balance | 437,000 | 649,000 | |
With related allowance recorded, unpaid principal balance | 412,000 | 165,000 | |
With related allowance recorded, principal balance | 354,000 | 110,000 | |
Related allowance | 58,000 | 13,000 | |
With related allowance recorded, average recorded principal balance | 232,000 | 137,000 | |
Acquired Loan [Member] | |||
With no related allowance recorded, unpaid principal balance | 5,423,000 | 5,938,000 | |
With no related allowance recorded, principal balance | 4,380,000 | 4,795,000 | |
With no related allowance recorded, average recorded principal balance | 4,588,000 | 4,952,000 | |
With related allowance recorded, unpaid principal balance | 1,597,000 | 0 | |
With related allowance recorded, principal balance | 1,597,000 | 0 | |
Related allowance | 307,000 | 0 | |
With related allowance recorded, average recorded principal balance | 799,000 | 239,000 | |
Total unpaid principal balance | 7,020,000 | 5,938,000 | |
Total principal balance | 5,977,000 | 4,795,000 | |
Total average recorded principal balance | 5,387,000 | 5,191,000 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | |||
With no related allowance recorded, unpaid principal balance | 2,147,000 | 2,541,000 | |
With no related allowance recorded, principal balance | 1,724,000 | 2,135,000 | |
With no related allowance recorded, average recorded principal balance | 1,930,000 | 2,954,000 | |
With related allowance recorded, unpaid principal balance | 1,597,000 | 0 | |
With related allowance recorded, principal balance | 1,597,000 | 0 | |
Related allowance | 307,000 | 0 | |
With related allowance recorded, average recorded principal balance | 799,000 | 67,000 | |
Total unpaid principal balance | 3,744,000 | 2,541,000 | |
Total principal balance | 3,321,000 | 2,135,000 | |
Total average recorded principal balance | 2,729,000 | 3,021,000 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
With no related allowance recorded, unpaid principal balance | 743,000 | 1,039,000 | |
With no related allowance recorded, principal balance | 733,000 | 1,021,000 | |
With no related allowance recorded, average recorded principal balance | 877,000 | 892,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | |
With related allowance recorded, principal balance | 0 | 0 | |
Related allowance | 0 | 0 | |
With related allowance recorded, average recorded principal balance | 0 | 19,000 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||
With no related allowance recorded, unpaid principal balance | 0 | 0 | |
With no related allowance recorded, principal balance | 0 | 0 | |
With no related allowance recorded, average recorded principal balance | 0 | 0 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | |
With related allowance recorded, principal balance | 0 | 0 | |
Related allowance | 0 | 0 | |
With related allowance recorded, average recorded principal balance | 0 | 0 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | |||
With no related allowance recorded, unpaid principal balance | 1,110,000 | 1,027,000 | |
With no related allowance recorded, principal balance | 715,000 | 659,000 | |
With no related allowance recorded, average recorded principal balance | 687,000 | 1,151,000 | |
With related allowance recorded, unpaid principal balance | 1,597,000 | 0 | |
With related allowance recorded, principal balance | 1,597,000 | 0 | |
Related allowance | 307,000 | 0 | |
With related allowance recorded, average recorded principal balance | 799,000 | 48,000 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | |||
With no related allowance recorded, unpaid principal balance | 232,000 | 238,000 | |
With no related allowance recorded, principal balance | 232,000 | 237,000 | |
With no related allowance recorded, average recorded principal balance | 235,000 | 751,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | |
With related allowance recorded, principal balance | 0 | 0 | |
Related allowance | 0 | 0 | |
With related allowance recorded, average recorded principal balance | 0 | 0 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||
With no related allowance recorded, unpaid principal balance | 62,000 | 237,000 | |
With no related allowance recorded, principal balance | 44,000 | 218,000 | |
With no related allowance recorded, average recorded principal balance | 131,000 | 160,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | |
With related allowance recorded, principal balance | 0 | 0 | |
Related allowance | 0 | 0 | |
With related allowance recorded, average recorded principal balance | 0 | 0 | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | |||
With no related allowance recorded, unpaid principal balance | 3,276,000 | 3,397,000 | |
With no related allowance recorded, principal balance | 2,656,000 | 2,660,000 | |
With no related allowance recorded, average recorded principal balance | 2,658,000 | 1,998,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | |
With related allowance recorded, principal balance | 0 | 0 | |
Related allowance | 0 | 0 | |
With related allowance recorded, average recorded principal balance | 0 | 172,000 | |
Total unpaid principal balance | 3,276,000 | 3,397,000 | |
Total principal balance | 2,656,000 | 2,660,000 | |
Total average recorded principal balance | 2,658,000 | 2,170,000 | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | |||
With no related allowance recorded, unpaid principal balance | 690,000 | 694,000 | |
With no related allowance recorded, principal balance | 649,000 | 507,000 | |
With no related allowance recorded, average recorded principal balance | 578,000 | 336,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | |
With related allowance recorded, principal balance | 0 | 0 | |
Related allowance | 0 | 0 | |
With related allowance recorded, average recorded principal balance | 0 | 0 | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | |||
With no related allowance recorded, unpaid principal balance | 2,586,000 | 2,703,000 | |
With no related allowance recorded, principal balance | 2,007,000 | 2,153,000 | |
With no related allowance recorded, average recorded principal balance | 2,080,000 | 1,662,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | |
With related allowance recorded, principal balance | 0 | 0 | |
Related allowance | 0 | $ 0 | |
With related allowance recorded, average recorded principal balance | $ 0 | $ 172,000 |
Note 3 - Loans and Allowance 43
Note 3 - Loans and Allowance for Loan Losses - Loans by Credit Quality Indicators (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Loans | $ 2,551,204,000 | $ 2,558,552,000 |
Originated Loan [Member] | ||
Loans | 2,191,851,000 | 2,169,957,000 |
Acquired Loan [Member] | ||
Loans | 359,353,000 | 388,595,000 |
Commercial Portfolio Segment [Member] | ||
Loans | 2,193,029,000 | 2,203,568,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Loans | 1,946,966,000 | 1,934,228,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Loans | 246,063,000 | 269,340,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans | 739,805,000 | 753,764,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Originated Loan [Member] | ||
Loans | 675,188,000 | 680,805,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Acquired Loan [Member] | ||
Loans | 64,617,000 | 72,959,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans | 31,438,000 | 29,873,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Originated Loan [Member] | ||
Loans | 25,514,000 | 23,682,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Acquired Loan [Member] | ||
Loans | 5,924,000 | 6,191,000 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans | 531,152,000 | 526,328,000 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 468,777,000 | 456,065,000 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 62,375,000 | 70,263,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans | 794,206,000 | 791,685,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 715,725,000 | 708,824,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 78,481,000 | 82,861,000 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans | 96,428,000 | 101,918,000 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Originated Loan [Member] | ||
Loans | 61,762,000 | 64,852,000 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Acquired Loan [Member] | ||
Loans | 34,666,000 | 37,066,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Originated Loan [Member] | ||
Loans | 468,826,000 | 469,537,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Acquired Loan [Member] | ||
Loans | 39,543,000 | 46,263,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Originated Loan [Member] | ||
Loans | 17,645,000 | 15,090,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Acquired Loan [Member] | ||
Loans | 1,412,000 | 1,446,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 313,933,000 | 326,700,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 28,823,000 | 28,706,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 564,093,000 | 559,388,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 54,951,000 | 52,674,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Originated Loan [Member] | ||
Loans | 39,571,000 | 42,951,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Acquired Loan [Member] | ||
Loans | 17,376,000 | 17,499,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Originated Loan [Member] | ||
Loans | 187,118,000 | 189,851,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Acquired Loan [Member] | ||
Loans | 24,591,000 | 25,654,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Originated Loan [Member] | ||
Loans | 7,767,000 | 8,557,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Acquired Loan [Member] | ||
Loans | 4,512,000 | 4,745,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 140,088,000 | 123,024,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 30,940,000 | 39,565,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 151,632,000 | 149,135,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 23,448,000 | 30,102,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Originated Loan [Member] | ||
Loans | 21,709,000 | 21,552,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Acquired Loan [Member] | ||
Loans | 17,132,000 | 19,212,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Originated Loan [Member] | ||
Loans | 19,244,000 | 21,417,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Acquired Loan [Member] | ||
Loans | 483,000 | 1,042,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Originated Loan [Member] | ||
Loans | 102,000 | 35,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Acquired Loan [Member] | ||
Loans | 0 | 0 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 14,756,000 | 6,341,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 2,612,000 | 1,992,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 0 | 301,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 82,000 | 85,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Originated Loan [Member] | ||
Loans | 482,000 | 349,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Acquired Loan [Member] | ||
Loans | $ 158,000 | $ 355,000 |
Note 3 - Loans and Allowance 44
Note 3 - Loans and Allowance for Loan Losses - Retail Credit Exposure (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Loans | $ 2,551,204,000 | $ 2,558,552,000 |
Retail Portfolio Segment [Member] | ||
Loans | 358,175,000 | 354,984,000 |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | 93,179,000 | 100,425,000 |
Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | 264,996,000 | 254,559,000 |
Originated Loan [Member] | ||
Loans | 2,191,851,000 | 2,169,957,000 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans | 244,885,000 | 235,729,000 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | 65,604,000 | 69,675,000 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | 179,281,000 | 166,054,000 |
Acquired Loan [Member] | ||
Loans | 359,353,000 | 388,595,000 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans | 113,290,000 | 119,255,000 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | 27,575,000 | 30,750,000 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | $ 85,715,000 | $ 88,505,000 |
Note 3 - Loans and Allowance 45
Note 3 - Loans and Allowance for Loan Losses - Activity in Allowance for Loan Losses and the Recorded Investments in Loans (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | |
Provision for loan losses | $ 0 | $ 600,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 2,551,204,000 | $ 2,558,552,000 | |
Originated Loan [Member] | |||
Beginning balance | 19,133,000 | 17,868,000 | 17,868,000 |
Provision for loan losses | (782,000) | 2,641,000 | |
Charge-offs | (393,000) | (3,183,000) | |
Recoveries | 1,123,000 | 1,807,000 | |
Ending balance | 19,081,000 | 19,133,000 | |
Ending balance: individually evaluated for impairment | 863,000 | 1,867,000 | |
Ending balance: collectively evaluated for impairment | 18,218,000 | 17,266,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 2,191,851,000 | 2,169,957,000 | |
Ending balance: individually evaluated for impairment | 9,420,000 | 8,787,000 | |
Ending balance: collectively evaluated for impairment | 2,182,431,000 | 2,161,170,000 | |
Acquired Loan [Member] | |||
Beginning balance | 368,000 | 93,000 | 93,000 |
Provision for loan losses | 782,000 | 309,000 | |
Charge-offs | (261,000) | (52,000) | |
Recoveries | 4,000 | 18,000 | |
Ending balance | 893,000 | 368,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 359,353,000 | 388,595,000 | |
Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income, Total | 2,193,029,000 | 2,203,568,000 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||
Beginning balance | 16,456,000 | 16,026,000 | 16,026,000 |
Provision for loan losses | (341,000) | 1,148,000 | |
Charge-offs | (258,000) | (2,292,000) | |
Recoveries | 1,008,000 | 1,574,000 | |
Ending balance | 16,865,000 | 16,456,000 | |
Ending balance: individually evaluated for impairment | 547,000 | 1,202,000 | |
Ending balance: collectively evaluated for impairment | 16,318,000 | 15,254,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 1,946,966,000 | 1,934,228,000 | |
Ending balance: individually evaluated for impairment | 7,398,000 | 6,394,000 | |
Ending balance: collectively evaluated for impairment | 1,939,568,000 | 1,927,834,000 | |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||
Beginning balance | 291,000 | 75,000 | 75,000 |
Provision for loan losses | 314,000 | 210,000 | |
Charge-offs | (246,000) | (12,000) | |
Recoveries | 0 | 18,000 | |
Ending balance | 359,000 | 291,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 246,063,000 | 269,340,000 | |
Retail Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income, Total | 358,175,000 | 354,984,000 | |
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||
Beginning balance | 2,584,000 | 1,882,000 | 1,882,000 |
Provision for loan losses | (563,000) | 1,360,000 | |
Charge-offs | (135,000) | (891,000) | |
Recoveries | 115,000 | 233,000 | |
Ending balance | 2,001,000 | 2,584,000 | |
Ending balance: individually evaluated for impairment | 316,000 | 665,000 | |
Ending balance: collectively evaluated for impairment | 1,685,000 | 1,919,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 244,885,000 | 235,729,000 | |
Ending balance: individually evaluated for impairment | 2,022,000 | 2,393,000 | |
Ending balance: collectively evaluated for impairment | 242,863,000 | 233,336,000 | |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||
Beginning balance | 77,000 | 18,000 | 18,000 |
Provision for loan losses | 468,000 | 99,000 | |
Charge-offs | (15,000) | (40,000) | |
Recoveries | 4,000 | 0 | |
Ending balance | 534,000 | 77,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 113,290,000 | 119,255,000 | |
Unallocated Financing Receivables [Member] | Originated Loan [Member] | |||
Beginning balance | 93,000 | (40,000) | (40,000) |
Provision for loan losses | 122,000 | 133,000 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Ending balance | 215,000 | 93,000 | |
Ending balance: individually evaluated for impairment | 0 | 0 | |
Ending balance: collectively evaluated for impairment | 215,000 | 93,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | |||
Ending balance: individually evaluated for impairment | |||
Ending balance: collectively evaluated for impairment | |||
Unallocated Financing Receivables [Member] | Acquired Loan [Member] | |||
Beginning balance | 0 | $ 0 | 0 |
Provision for loan losses | 0 | 0 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Ending balance | $ 0 | $ 0 |
Note 3 - Loans and Allowance 46
Note 3 - Loans and Allowance for Loan Losses - Loans Modified as Troubled Debt Restructurings (Details) | 3 Months Ended | |
Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | |
Originated Loan [Member] | ||
Number of Contracts | 8 | 4 |
Pre- Modification Recorded Principal Balance | $ 4,022,000 | $ 328,000 |
Post- Modification Recorded Principal Balance | $ 4,000,000 | $ 329,000 |
Acquired Loan [Member] | ||
Number of Contracts | 9 | 4 |
Pre- Modification Recorded Principal Balance | $ 1,715,000 | $ 94,000 |
Post- Modification Recorded Principal Balance | $ 1,716,000 | $ 95,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Number of Contracts | 7 | 0 |
Pre- Modification Recorded Principal Balance | $ 3,972,000 | $ 0 |
Post- Modification Recorded Principal Balance | $ 3,950,000 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Number of Contracts | 3 | 0 |
Pre- Modification Recorded Principal Balance | $ 107,000 | $ 0 |
Post- Modification Recorded Principal Balance | $ 96,000 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
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] | ||
Number of Contracts | 4 | 0 |
Pre- Modification Recorded Principal Balance | $ 3,865,000 | $ 0 |
Post- Modification Recorded Principal Balance | $ 3,854,000 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
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] | ||
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] | ||
Number of Contracts | 3 | 1 |
Pre- Modification Recorded Principal Balance | $ 1,597,000 | $ 31,000 |
Post- Modification Recorded Principal Balance | $ 1,597,000 | $ 31,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Number of Contracts | 0 | 1 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 31,000 |
Post- Modification Recorded Principal Balance | $ 0 | $ 31,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
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] | ||
Number of Contracts | 3 | 0 |
Pre- Modification Recorded Principal Balance | $ 1,597,000 | $ 0 |
Post- Modification Recorded Principal Balance | $ 1,597,000 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
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] | ||
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] | ||
Number of Contracts | 1 | 4 |
Pre- Modification Recorded Principal Balance | $ 50,000 | $ 328,000 |
Post- Modification Recorded Principal Balance | $ 50,000 | $ 329,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Number of Contracts | 1 | 4 |
Pre- Modification Recorded Principal Balance | $ 50,000 | $ 328,000 |
Post- Modification Recorded Principal Balance | $ 50,000 | $ 329,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||
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] | ||
Number of Contracts | 6 | 3 |
Pre- Modification Recorded Principal Balance | $ 118,000 | $ 63,000 |
Post- Modification Recorded Principal Balance | $ 119,000 | $ 64,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Number of Contracts | 6 | 2 |
Pre- Modification Recorded Principal Balance | $ 118,000 | $ 6,000 |
Post- Modification Recorded Principal Balance | $ 119,000 | $ 7,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||
Number of Contracts | 0 | 1 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 57,000 |
Post- Modification Recorded Principal Balance | $ 0 | $ 57,000 |
Note 3 - Loans and Allowance 47
Note 3 - Loans and Allowance for Loan Losses - Loans Modified As Troubled Debt Restructurings Within the Previous Twelve Months That Became Over 30 Days Past Due (Details) | 3 Months Ended | |
Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | |
Originated Loan [Member] | ||
Number of Contracts | 1 | 3 |
Recorded Principal Balance | $ 251,000 | $ 164,000 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | ||
Number of Contracts | 1 | 3 |
Recorded Principal Balance | $ 251,000 | $ 164,000 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Number of Contracts | 0 | 2 |
Recorded Principal Balance | $ 0 | $ 34,000 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Number of Contracts | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Number of Contracts | 1 | 0 |
Recorded Principal Balance | $ 251,000 | $ 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Number of Contracts | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Number of Contracts | 0 | 1 |
Recorded Principal Balance | $ 0 | $ 130,000 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | ||
Number of Contracts | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Number of Contracts | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Number of Contracts | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 |
Acquired Loan [Member] | ||
Number of Contracts | 3 | 1 |
Recorded Principal Balance | $ 133,000 | $ 24,000 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | ||
Number of Contracts | 1 | 1 |
Recorded Principal Balance | $ 113,000 | $ 24,000 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Number of Contracts | 1 | 1 |
Recorded Principal Balance | $ 113,000 | $ 24,000 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Number of Contracts | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Number of Contracts | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Number of Contracts | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Number of Contracts | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | ||
Number of Contracts | 2 | 0 |
Recorded Principal Balance | $ 20,000 | $ 0 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Number of Contracts | 2 | 0 |
Recorded Principal Balance | $ 20,000 | $ 0 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Number of Contracts | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 |
Note 3 - Loans and Allowance 48
Note 3 - Loans and Allowance for Loan Losses - Activity for Troubled Debt Restructurings (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Beginning Balance | $ 2,989,000 | $ 1,503,000 |
Charge-Offs | (230,000) | 0 |
Payments | (882,000) | (125,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 105,000 | 159,000 |
Ending Balance | 1,982,000 | 1,537,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Beginning Balance | 383,000 | 1,488,000 |
Charge-Offs | 0 | 0 |
Payments | (45,000) | (529,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Ending Balance | 338,000 | 959,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Beginning Balance | 1,599,000 | 906,000 |
Charge-Offs | 0 | 0 |
Payments | (855,000) | (27,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 3,804,000 | 0 |
Ending Balance | 4,548,000 | 879,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Beginning Balance | 0 | 5,110,000 |
Charge-Offs | 0 | 0 |
Payments | 0 | (123,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | (436,000) |
Ending Balance | 0 | 4,551,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Beginning Balance | 0 | 716,000 |
Charge-Offs | 0 | 0 |
Payments | 0 | (113,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | (312,000) |
Ending Balance | 0 | 291,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Beginning Balance | 1,001,000 | 1,125,000 |
Charge-Offs | (275,000) | 0 |
Payments | (10,000) | (233,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 30,000 |
Ending Balance | 716,000 | 922,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Beginning Balance | 0 | 0 |
Charge-Offs | 0 | 0 |
Payments | 0 | 0 |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Ending Balance | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Beginning Balance | 427,000 | 900,000 |
Charge-Offs | 0 | (12,000) |
Payments | (17,000) | 0 |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 1,597,000 | 108,000 |
Ending Balance | 2,007,000 | 996,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Beginning Balance | 237,000 | 728,000 |
Charge-Offs | 0 | 0 |
Payments | (5,000) | (145,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Ending Balance | 232,000 | 583,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Beginning Balance | 41,000 | 60,000 |
Charge-Offs | 0 | 0 |
Payments | (5,000) | 0 |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 8,000 |
Ending Balance | 36,000 | 68,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Beginning Balance | 1,127,000 | 385,000 |
Charge-Offs | 0 | 0 |
Payments | (8,000) | 0 |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 50,000 | 321,000 |
Ending Balance | 1,169,000 | 706,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||
Beginning Balance | 146,000 | 157,000 |
Charge-Offs | 0 | 0 |
Payments | (2,000) | (3,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Ending Balance | 144,000 | 154,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Beginning Balance | 219,000 | 208,000 |
Charge-Offs | (15,000) | 0 |
Payments | (1,000) | (9,000) |
Transfers to ORE | (82,000) | 0 |
Net Additions/Deletions | 119,000 | 7,000 |
Ending Balance | 240,000 | 206,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||
Beginning Balance | 393,000 | 326,000 |
Charge-Offs | 0 | 0 |
Payments | (9,000) | (4,000) |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 54,000 |
Ending Balance | $ 384,000 | $ 376,000 |
Note 3 - Loans and Allowance 49
Note 3 - Loans and Allowance for Loan Losses - Allowance Related to Troubled Debt Restructurings (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Related allowance | $ 696,000 | $ 444,000 |
Commercial Portfolio Segment [Member] | ||
Related allowance | 460,000 | 248,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Related allowance | 85,000 | 107,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Related allowance | 0 | 0 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Related allowance | 375,000 | 141,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Related allowance | 0 | 0 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Related allowance | 0 | 0 |
Retail Portfolio Segment [Member] | ||
Related allowance | 236,000 | 196,000 |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Related allowance | 215,000 | 196,000 |
Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Related allowance | $ 21,000 | $ 0 |
Note 4 - Premises and Equipme50
Note 4 - Premises and Equipment, Net (Details Textual) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Depreciation, Total | $ 0.8 | $ 0.7 |
Note 4 - Premises and Equipme51
Note 4 - Premises and Equipment, Net - Summary of Premises and Equipment (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Property, plant and equipment, gross | $ 77,547,000 | $ 76,623,000 |
Less: accumulated depreciation | 31,247,000 | 30,589,000 |
Premises and equipment, net | 46,300,000 | 46,034,000 |
Land and Land Improvements [Member] | ||
Property, plant and equipment, gross | 17,938,000 | 18,046,000 |
Building [Member] | ||
Property, plant and equipment, gross | 41,751,000 | 41,179,000 |
Furniture and Fixtures [Member] | ||
Property, plant and equipment, gross | $ 17,858,000 | $ 17,398,000 |
Note 5 - Deposits (Details Text
Note 5 - Deposits (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Deposits, Total | $ 2,540,053,000 | $ 2,522,365,000 |
Increase (Decrease) in Deposits, Total | $ 17,700,000 | |
Aggregate Increase (Decrease) in Percentage of Deposits | 0.70% | |
Time Deposits, at or Above FDIC Insurance Limit | $ 252,000,000 | $ 266,000,000 |
Note 5 - Deposits - Summary of
Note 5 - Deposits - Summary of Deposits (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Noninterest-bearing demand | $ 830,187,000 | $ 866,380,000 |
Noninterest-bearing demand | 32.70% | 34.30% |
Noninterest-bearing demand | (4.20%) | |
Interest-bearing checking | $ 392,134,000 | $ 387,758,000 |
Interest-bearing checking | 15.40% | 15.40% |
Interest-bearing checking | 1.10% | |
Money market | $ 486,318,000 | $ 427,119,000 |
Money market | 19.10% | 16.90% |
Money market | 13.90% | |
Savings | $ 326,247,000 | $ 327,530,000 |
Savings | 12.90% | 13.00% |
Savings | (0.40%) | |
Local Time, under $100,000 | $ 156,053,000 | $ 152,294,000 |
Local Time, under $100,000 | 6.20% | 6.00% |
Local Time, under $100,000 | 2.50% | |
Local Time, $100,000 and over | $ 246,703,000 | $ 258,626,000 |
Local Time, $100,000 and over | 9.70% | 10.30% |
Local Time, $100,000 and over | (4.60%) | |
Total local deposits | $ 2,437,642,000 | $ 2,419,707,000 |
Total local deposits | 96.00% | 95.90% |
Total local deposits | 0.70% | |
Out-of-area time, under $100,000 | $ 0 | $ 0 |
Out-of-area time, $100,000 and over | $ 102,411,000 | $ 102,658,000 |
Out-of-area time, $100,000 and over | 4.00% | 4.10% |
Out-of-area time, $100,000 and over | (0.20%) | |
Total out-of-area deposits | $ 102,411,000 | $ 102,658,000 |
Total out-of-area deposits | 4.00% | 4.10% |
Total out-of-area deposits | (0.20%) | |
Deposits, Total | $ 2,540,053,000 | $ 2,522,365,000 |
Total deposits | 100.00% | 100.00% |
Aggregate Increase (Decrease) in Percentage of Deposits | 0.70% |
Note 6 - Securities Sold Unde54
Note 6 - Securities Sold Under Agreements to Repurchase (Details Textual) | 3 Months Ended |
Mar. 31, 2018 | |
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 1 year |
Note 6 - Securities Sold Unde55
Note 6 - Securities Sold Under Agreements to Repurchase - Securities Sold Under Agreement to Repurchase (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Securities sold under agreements to repurchase | $ 104,894,000 | $ 118,748,000 |
Average interest rate at end of period | 0.25% | 0.16% |
Average daily balance during the period | $ 108,048,000 | $ 116,587,000 |
Average interest rate during the period | 0.22% | 0.16% |
Maximum daily balance during the period | $ 123,046,000 | $ 142,459,000 |
Note 7 - Federal Home Loan Ba56
Note 7 - Federal Home Loan Bank of Indianapolis Advances (Details Textual) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Long-term Federal Home Loan Bank Advances, Total | $ 220,000,000 | $ 220,000,000 |
Line of Credit Facility, Maximum Borrowing Capacity | 739,000,000 | |
Line of Credit Facility, Remaining Borrowing Capacity | 519,000,000 | |
Federal Home Loan Bank of Indianapolis [Member] | ||
Long-term Federal Home Loan Bank Advances, Total | $ 220,000,000 | $ 220,000,000 |
Federal Home Loan Bank of Indianapolis [Member] | Minimum [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 1.04% | 1.04% |
Federal Home Loan Bank of Indianapolis [Member] | Maximum [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 2.39% | 2.39% |
Federal Home Loan Bank of Indianapolis [Member] | Weighted Average [Member] | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.72% | 1.72% |
Note 7 - Federal Home Loan Ba57
Note 7 - Federal Home Loan Bank of Indianapolis Advances - Maturities of Currently Outstanding FHLB Advances (Details) | Mar. 31, 2018USD ($) |
2,018 | $ 20,000,000 |
2,019 | 40,000,000 |
2,020 | 30,000,000 |
2,021 | 40,000,000 |
2,022 | 40,000,000 |
Thereafter | $ 50,000,000 |
Note 8 - Commitments and Off-58
Note 8 - Commitments and Off-Balance Sheet Risk (Details Textual) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Reserve or Liability Balance for Financial Instruments With Off Balance Sheet Risk | $ 0 | $ 0 |
Note 8 - Commitments and Off-59
Note 8 - Commitments and Off-Balance Sheet Risk - Exposure to Credit Losses (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Contractual amounts of financial instruments with off-balance sheet risk | $ 1,062,272,000 | $ 1,012,197,000 |
Standby Letters of Credit [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 23,592,000 | 26,030,000 |
Unused lines of Credit [Member] | Commercial Portfolio Segment [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 678,832,000 | 682,202,000 |
Unused lines of Credit [Member] | One to Four Family Mortgages [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 60,930,000 | 61,606,000 |
Unused lines of Credit [Member] | Consumer Portfolio Segment [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 42,693,000 | 39,807,000 |
Unused lines of Credit [Member] | Consumer Other Financing Receivable 1 [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 17,788,000 | 17,629,000 |
Loan Origination Commitments [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | $ 238,437,000 | $ 184,923,000 |
Note 9 - Hedging Activities (De
Note 9 - Hedging Activities (Details Textual) - USD ($) | 1 Months Ended | |||||
Jan. 26, 2016 | Feb. 29, 2012 | Mar. 31, 2018 | Dec. 31, 2017 | Jan. 31, 2016 | Jan. 25, 2016 | |
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Total | $ 32,000,000 | $ 45,688,000 | $ 45,517,000 | |||
Fair Value of Interest Rate Swap Agreement Liability | $ 100,000 | |||||
Interest Expense, Debt, Total | $ 200,000 | |||||
Junior Subordinated Debt [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 2.18% | |||||
Derivative, Notional Amount | 21,000,000 | $ 32,000,000 | $ 32,000,000 | |||
Debt Instrument, Repurchased Face Amount | $ 11,000,000 | |||||
Debt Instrument, Repurchase Amount | $ 11,000,000 |
Note 10 - Fair Values of Fina61
Note 10 - Fair Values of Financial Instruments - Fair Value Hierarchy of Financial Instruments (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 | |
Debt Securities, Available-for-sale, Total | $ 336,988,000 | $ 335,744,000 | |
Reported Value Measurement [Member] | |||
Debt Securities, Available-for-sale, Total | [1] | 336,988,000 | 335,744,000 |
FHLBI stock | [2] | 11,036,000 | 11,036,000 |
Repurchase agreements | 104,894,000 | 118,748,000 | |
FHLBI advances | 220,000,000 | 220,000,000 | |
Reported Value Measurement [Member] | Interest Rate Swap [Member] | |||
Interest rate swap | [1] | 0 | 2,000 |
Estimate of Fair Value Measurement [Member] | |||
Debt Securities, Available-for-sale, Total | [1] | 336,988,000 | 335,744,000 |
FHLBI stock | [2] | 11,036,000 | 11,036,000 |
Repurchase agreements | 104,894,000 | 118,748,000 | |
FHLBI advances | 214,172,000 | 217,130,000 | |
Estimate of Fair Value Measurement [Member] | Interest Rate Swap [Member] | |||
Interest rate swap | [1] | 0 | 2,000 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | |||
Cash | 11,148,000 | 11,565,000 | |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | |||
Cash | 11,148,000 | 11,565,000 | |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | |||
Cash equivalents | 200,009,000 | 188,536,000 | |
Loans held for sale | 1,864,000 | 2,553,000 | |
Mortgage servicing rights | 4,899,000 | 5,106,000 | |
Accrued interest receivable | 9,590,000 | 8,770,000 | |
Deposits | 2,540,053,000 | 2,522,365,000 | |
Subordinated debentures | 45,688,000 | 45,517,000 | |
Accrued interest payable | 2,172,000 | 1,919,000 | |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | |||
Cash equivalents | 200,009,000 | 188,536,000 | |
Loans held for sale | 1,864,000 | 2,553,000 | |
Mortgage servicing rights | 8,223,000 | 8,373,000 | |
Accrued interest receivable | 9,590,000 | 8,770,000 | |
Deposits | 2,361,212,000 | 2,368,188,000 | |
Subordinated debentures | 46,280,000 | 45,732,000 | |
Accrued interest payable | 2,172,000 | 1,919,000 | |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | |||
Loans, net | 2,529,366,000 | 2,536,498,000 | |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | |||
Loans, net | $ 2,528,622,000 | $ 2,520,063,000 | |
[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 Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage | $ 1,900 | $ 2,600 |
Real Estate Dependent Loans and Foreclosed Assets Estimated Selling Costs [Member] | ||
Fair Value Inputs, Discount Factor | 10.00% | |
Real Estate Dependent Loans and Foreclosed Assets [Member] | Commercial Real Estate [Member] | Minimum [Member] | ||
Fair Value Inputs, Discount Factor | 15.00% | |
Real Estate Dependent Loans and Foreclosed Assets [Member] | Commercial Real Estate [Member] | Maximum [Member] | ||
Fair Value Inputs, Discount Factor | 25.00% | |
Real Estate Dependent Loans and Foreclosed Assets [Member] | Residential Real Estate [Member] | Minimum [Member] | ||
Fair Value Inputs, Discount Factor | 25.00% | |
Real Estate Dependent Loans and Foreclosed Assets [Member] | Residential Real Estate [Member] | Maximum [Member] | ||
Fair Value Inputs, Discount Factor | 50.00% | |
Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale Securities, Total | $ 0 | |
Available-for-sale Securities [Member] | ||
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount, Ending Balance | $ 0 | $ 0 |
Note 11 - Fair Values - Assets
Note 11 - Fair Values - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale Securities, Total | $ 0 | |
Fair Value, Measurements, Recurring [Member] | ||
Total | 336,988,000 | $ 335,742,000 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | ||
Interest rate swap | (2,000) | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member] | ||
Interest rate swap | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Total | 331,797,000 | 330,551,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | ||
Interest rate swap | (2,000) | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Total | 5,191,000 | 5,191,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member] | ||
Interest rate swap | 0 | |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available-for-sale Securities, Total | 173,169,000 | 169,700,000 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale Securities, Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale Securities, Total | 173,169,000 | 169,700,000 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale Securities, Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Total | 40,351,000 | 38,792,000 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale Securities, Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale Securities, Total | 40,351,000 | 38,792,000 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale Securities, Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Municipal General Obligation Bonds [Member] | ||
Available-for-sale Securities, Total | 117,660,000 | 121,293,000 |
Fair Value, Measurements, Recurring [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale Securities, Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale Securities, Total | 112,469,000 | 116,102,000 |
Fair Value, Measurements, Recurring [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale Securities, Total | 5,191,000 | 5,191,000 |
Fair Value, Measurements, Recurring [Member] | Municipal Revenue Bonds [Member] | ||
Available-for-sale Securities, Total | 3,843,000 | 3,978,000 |
Fair Value, Measurements, Recurring [Member] | Municipal Revenue Bonds [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale Securities, Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Municipal Revenue Bonds [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale Securities, Total | 3,843,000 | 3,978,000 |
Fair Value, Measurements, Recurring [Member] | Municipal Revenue Bonds [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale Securities, Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Other Debt and Equity Securities [Member] | ||
Available-for-sale Securities, Total | 1,965,000 | 1,981,000 |
Fair Value, Measurements, Recurring [Member] | Other Debt and Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale Securities, Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Other Debt and Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale Securities, Total | 1,965,000 | 1,981,000 |
Fair Value, Measurements, Recurring [Member] | Other Debt and Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale Securities, Total | $ 0 | $ 0 |
Note 11 - Fair Values - Asset64
Note 11 - Fair Values - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Impaired loans | $ 4,498,000 | $ 5,836,000 |
Foreclosed assets | 2,384,000 | 2,260,000 |
Total | 6,882,000 | 8,096,000 |
Fair Value, Inputs, Level 1 [Member] | ||
Impaired loans | 0 | 0 |
Foreclosed assets | 0 | 0 |
Total | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Impaired loans | 0 | 0 |
Foreclosed assets | 0 | 0 |
Total | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Impaired loans | 4,498,000 | 5,836,000 |
Foreclosed assets | 2,384,000 | 2,260,000 |
Total | $ 6,882,000 | $ 8,096,000 |
Note 12 - Regulatory Matters (D
Note 12 - Regulatory Matters (Details Textual) - USD ($) $ / shares in Units, $ in Millions | Apr. 12, 2018 | Jan. 11, 2018 | Mar. 31, 2018 | Mar. 31, 2018 | Jan. 01, 2019 | Dec. 31, 2017 | Apr. 19, 2016 | Jan. 30, 2015 | Dec. 31, 2009 |
Preferred Securities of Subsidiary Trust | $ 43.6 | $ 43.6 | $ 43.4 | ||||||
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 | ||||||||
Trust Preferred Securities Included in Tier One Capital | $ 43.6 | $ 43.6 | $ 43.4 | ||||||
Capital Conservation Buffer | 2.50% | 2.50% | |||||||
Common Stock, Dividends, Per Share, Declared | $ 0.22 | ||||||||
Stock Repurchase Program, Authorized Amount | $ 20 | ||||||||
Stock Repurchase Program Additional Authorized Amount | $ 15 | ||||||||
Stock Repurchased During Period, Shares | 0 | 956,419 | |||||||
Stock Repurchased During Period, Value | $ 19.5 | ||||||||
Treasury Stock Acquired, Average Cost Per Share | $ 20.38 | ||||||||
Subsequent Event [Member] | |||||||||
Common Stock, Dividends, Per Share, Declared | $ 0.22 | ||||||||
Scenario, Forecast [Member] | |||||||||
Common Equity Tier 1 Risk Based Capital Required For Capital Adequacy to Risk Weighted Assets | 7.00% | ||||||||
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 8.50% | ||||||||
Capital Required for Capital Adequacy to Risk Weighted Assets | 10.50% |
Note 12 - Regulatory Matters -
Note 12 - Regulatory Matters - Actual Capital Levels and Minimum Levels (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Consolidated Entities [Member] | ||
Total capital, amount | $ 387,520 | $ 379,417 |
Total capital, ratio | 13.20% | 12.90% |
Total capital minimum required for capital adequacy, amount | $ 234,830 | $ 235,723 |
Total capital minimum required for capital adequacy, ratio | 8.00% | 8.00% |
Tier 1 capital, amount | $ 367,546 | $ 359,915 |
Tier 1 capital, ratio | 12.50% | 12.20% |
Tier 1 capital minimum required for capital adequacy, amount | $ 176,123 | $ 176,792 |
Tier 1 capital minimum required for capital adequacy, ratio | 6.00% | 6.00% |
Common equity tier 1, amount | $ 323,932 | $ 316,472 |
Common equity tier 1, ratio | 11.00% | 10.70% |
Common equity tier 1 minimum required for capital adequacy, amount | $ 132,092 | $ 132,594 |
Common equity tier 1 capital minimum required for capital adequacy, ratio | 4.50% | 4.50% |
Tier 1 capital to average assets, amount | $ 367,546 | $ 359,915 |
Tier 1 capital to average assets, ratio | 11.50% | 11.30% |
Tier 1 capital to average assets, minimum required for capital adequacy, amount | $ 127,794 | $ 127,782 |
Tier 1 capital to average assets minimum required for capital adequacy, ratio | 4.00% | 4.00% |
Bank [Member] | ||
Total capital, amount | $ 379,370 | $ 371,346 |
Total capital, ratio | 12.90% | 12.60% |
Total capital minimum required for capital adequacy, amount | $ 234,646 | $ 235,515 |
Total capital minimum required for capital adequacy, ratio | 8.00% | 8.00% |
Total capital to be well capitalized, amount | $ 293,307 | $ 294,393 |
Total capital to be well capitalized, ratio | 10.00% | 10.00% |
Tier 1 capital, amount | $ 359,396 | $ 351,844 |
Tier 1 capital, ratio | 12.30% | 12.00% |
Tier 1 capital minimum required for capital adequacy, amount | $ 175,984 | $ 176,636 |
Tier 1 capital minimum required for capital adequacy, ratio | 6.00% | 6.00% |
Tier 1 capital to be well capitalized, amount | $ 234,646 | $ 235,515 |
Tier 1 capital to be well capitalized, ratio | 8.00% | 8.00% |
Common equity tier 1, amount | $ 359,396 | $ 351,844 |
Common equity tier 1, ratio | 12.30% | 12.00% |
Common equity tier 1 minimum required for capital adequacy, amount | $ 131,988 | $ 132,477 |
Common equity tier 1 capital minimum required for capital adequacy, ratio | 4.50% | 4.50% |
Common equity tier 1 capital to be well capitalized, amount | $ 190,650 | $ 191,356 |
Common equity tier 1 capital to be well capitalized, ratio | 6.50% | 6.50% |
Tier 1 capital to average assets, amount | $ 359,396 | $ 351,844 |
Tier 1 capital to average assets, ratio | 11.30% | 11.00% |
Tier 1 capital to average assets, minimum required for capital adequacy, amount | $ 127,712 | $ 127,698 |
Tier 1 capital to average assets minimum required for capital adequacy, ratio | 4.00% | 4.00% |
Tier 1 capital to average assets to be well capitalized, amount | $ 159,640 | $ 159,623 |
Tier 1 capital to average assets to be well capitalized, ratio | 5.00% | 5.00% |