Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2021 | Nov. 01, 2021 | |
Cover [Abstract] | ||
Entity Central Index Key | 0001130144 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 000-33063 | |
Entity Registrant Name | SIERRA BANCORP | |
Entity Incorporation, State or Country Code | CA | |
Entity Tax Identification Number | 33-0937517 | |
Entity Address, Address Line One | 86 North Main Street | |
Entity Address, City or Town | Porterville | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 93257 | |
City Area Code | 559 | |
Local Phone Number | 782-4900 | |
Title of 12(b) Security | Common Stock, no par value | |
Trading Symbol | BSRR | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 15,410,784 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q3 | |
Current Fiscal Year End Date | --12-31 | |
Amendment Flag | false |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
ASSETS | ||
Cash and due from banks | $ 66,178 | $ 67,908 |
Interest bearing deposits in banks | 356,172 | 3,509 |
Total cash & cash equivalents | 422,350 | 71,417 |
Securities available-for-sale | 732,312 | 543,974 |
Loans and leases: | ||
Gross loans and leases | 2,139,826 | 2,463,111 |
Deferred loan and lease fees, net | (2,612) | (3,147) |
Allowance for loan and lease losses | (15,617) | (17,738) |
Net loans and leases | 2,121,597 | 2,442,226 |
Foreclosed assets | 93 | 971 |
Premises and equipment, net | 24,490 | 27,505 |
Goodwill | 27,357 | 27,357 |
Other intangible assets, net | 3,527 | 4,307 |
Bank-owned life insurance | 55,023 | 52,539 |
Other assets | 55,990 | 50,446 |
Total assets | 3,442,739 | 3,220,742 |
Deposits: | ||
Noninterest bearing | 1,111,411 | 943,664 |
Interest bearing | 1,709,235 | 1,680,942 |
Total deposits | 2,820,646 | 2,624,606 |
Repurchase agreements | 92,553 | 39,138 |
Short-term borrowings | 142,900 | |
Long-term debt | 49,221 | |
Subordinated debentures | 35,258 | 35,124 |
Other liabilities | 80,554 | 35,078 |
Total liabilities | 3,078,232 | 2,876,846 |
Commitments and contingent liabilities (Note 7) | ||
Shareholders' equity | ||
Common stock, no par value; 24,000,000 shares authorized; 15,382,518 and 15,388,423 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively | 114,096 | 113,384 |
Additional paid-in capital | 3,710 | 3,736 |
Retained earnings | 231,717 | 208,371 |
Accumulated other comprehensive income, net | 14,984 | 18,405 |
Total shareholders' equity | 364,507 | 343,896 |
Total liabilities and shareholders' equity | $ 3,442,739 | $ 3,220,742 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Sep. 30, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Common Stock, No Par Value | $ 0 | $ 0 |
Common Stock, Shares Authorized | 24,000,000 | 24,000,000 |
Common Stock, Shares, Issued | 15,382,518 | 15,388,423 |
Common Stock Shares Outstanding | 15,382,518 | 15,388,423 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Interest and dividend income | ||||
Loans and leases, including fees | $ 24,226 | $ 25,742 | $ 75,555 | $ 69,538 |
Taxable securities | 1,679 | 1,832 | 4,835 | 6,542 |
Tax-exempt securities | 1,578 | 1,467 | 4,539 | 4,246 |
Federal funds sold and other | 146 | 2 | 250 | 155 |
Total interest income | 27,629 | 29,043 | 85,179 | 80,481 |
Interest expense | ||||
Deposits | 591 | 641 | 1,818 | 3,368 |
Short-term borrowings | 41 | 70 | 127 | 145 |
Subordinated debentures | 281 | 258 | 774 | 965 |
Total interest expense | 913 | 969 | 2,719 | 4,478 |
Net interest income | 26,716 | 28,074 | 82,460 | 76,003 |
(Benefit) provision for loan losses | (600) | 2,350 | (2,450) | 6,350 |
Net interest income after provision for loan losses | 27,316 | 25,724 | 84,910 | 69,653 |
Noninterest income | ||||
Other income | 4,349 | 4,155 | 12,300 | 11,360 |
Total noninterest income | 7,535 | 7,105 | 20,977 | 20,112 |
Noninterest expense | ||||
Salaries and employee benefits | 10,618 | 9,698 | 32,194 | 29,136 |
Occupancy and equipment | 2,359 | 2,559 | 7,472 | 7,390 |
Other | 7,898 | 7,046 | 21,715 | 18,630 |
Total noninterest expense | 20,875 | 19,303 | 61,381 | 55,156 |
Income before taxes | 13,976 | 13,526 | 44,506 | 34,609 |
Provision for income taxes | 3,371 | 3,170 | 11,115 | 8,144 |
Net income | $ 10,605 | $ 10,356 | $ 33,391 | $ 26,465 |
Book value | $ 23.70 | $ 21.92 | $ 23.70 | $ 21.92 |
Cash dividends | 0.22 | 0.20 | 0.65 | 0.60 |
Earnings per share basic | 0.70 | 0.68 | 2.19 | 1.74 |
Earnings per share diluted | $ 0.69 | $ 0.68 | $ 2.17 | $ 1.73 |
Average shares outstanding, basic | 15,257,367 | 15,192,838 | 15,247,477 | 15,215,167 |
Average shares outstanding, diluted | 15,343,543 | 15,387,309 | 15,369,249 | 15,422,647 |
Deposit Account [Member] | ||||
Noninterest income | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | $ 3,186 | $ 2,950 | $ 8,677 | $ 8,752 |
CONSOLIDATED STATEMENTS OF IN_2
CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 | |
Income Statement [Abstract] | ||||||||
Total shareholders' equity (in thousands) | $ 364,507 | $ 336,247 | $ 364,507 | $ 336,247 | $ 357,729 | $ 343,896 | $ 327,433 | $ 309,285 |
Shares outstanding | 15,382,518 | 15,341,723 | 15,382,518 | 15,341,723 | 15,388,423 | |||
Dividends paid (in thousands) | $ 3,374 | $ 3,039 | $ 9,842 | $ 9,136 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Comprehensive Income [Abstract] | ||||
Net income | $ 10,605 | $ 10,356 | $ 33,391 | $ 26,465 |
Unrealized gains on securities: | ||||
Unrealized holding (loss) gain arising during period | (576) | 1,867 | (4,846) | 16,806 |
Less: reclassification adjustment for (losses) gains included in net income (1) | (11) | (11) | (390) | |
Other comprehensive (loss) income, before tax | (587) | 1,867 | (4,857) | 16,416 |
Income tax (expense) benefit related to items of other comprehensive (loss) income, net of tax | 174 | (552) | 1,436 | (4,854) |
Other comprehensive (loss) income | (413) | 1,315 | (3,421) | 11,562 |
Comprehensive income | $ 10,192 | $ 11,671 | $ 29,970 | $ 38,027 |
CONSOLIDATED STATEMENTS OF CO_2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Comprehensive Income [Abstract] | ||||
Reclassification adjustment for (losses) gains on securities available-for-sale included in net income, tax | $ 3 | $ 0 | $ 3 | $ 115,000 |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid In Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (loss) [Member] | Total |
Balance at Dec. 31, 2019 | $ 113,179 | $ 3,307 | $ 186,867 | $ 5,932 | $ 309,285 |
Balance (in shares) at Dec. 31, 2019 | 15,284,538 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 26,465 | 26,465 | |||
Other comprehensive income, net of tax | 11,562 | 11,562 | |||
Exercise of stock options | $ 295 | (80) | 215 | ||
Exercise of stock options (in shares) | 20,350 | ||||
Unvested restricted stock issued (in shares) | 148,885 | ||||
Stock based compensation expense | 417 | 417 | |||
Stock based compensation expense (in shares) | 148,885 | ||||
Stock repurchase | $ (829) | (1,732) | (2,561) | ||
Stock repurchase (in shares) | (112,050) | ||||
Cash dividends | (9,136) | (9,136) | |||
Balance at Sep. 30, 2020 | $ 112,645 | 3,644 | 202,464 | 17,494 | 336,247 |
Balance (in shares) at Sep. 30, 2020 | 15,341,723 | ||||
Balance at Jun. 30, 2020 | $ 112,645 | 3,462 | 195,147 | 16,179 | 327,433 |
Balance (in shares) at Jun. 30, 2020 | 15,192,838 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 10,356 | 10,356 | |||
Other comprehensive income, net of tax | 1,315 | 1,315 | |||
Unvested restricted stock issued (in shares) | 148,885 | ||||
Stock compensation costs | 182 | 182 | |||
Stock based compensation expense (in shares) | 148,885 | ||||
Cash dividends | (3,039) | (3,039) | |||
Balance at Sep. 30, 2020 | $ 112,645 | 3,644 | 202,464 | 17,494 | 336,247 |
Balance (in shares) at Sep. 30, 2020 | 15,341,723 | ||||
Balance at Dec. 31, 2020 | $ 113,384 | 3,736 | 208,371 | 18,405 | 343,896 |
Balance (in shares) at Dec. 31, 2020 | 15,388,423 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 33,391 | 33,391 | |||
Other comprehensive income, net of tax | (3,421) | (3,421) | |||
Exercise of stock options | $ 801 | (707) | 94 | ||
Exercise of stock options (in shares) | 7,480 | ||||
Unvested restricted stock issued (in shares) | (1,263) | ||||
Stock based compensation expense | 681 | 681 | |||
Stock based compensation expense (in shares) | (1,263) | ||||
Stock repurchase | $ (89) | (203) | (292) | ||
Stock repurchase (in shares) | (12,122) | ||||
Cash dividends | (9,842) | (9,842) | |||
Balance at Sep. 30, 2021 | $ 114,096 | 3,710 | 231,717 | 14,984 | 364,507 |
Balance (in shares) at Sep. 30, 2021 | 15,382,518 | ||||
Balance at Jun. 30, 2021 | $ 113,453 | 4,190 | 224,689 | 15,397 | 357,729 |
Balance (in shares) at Jun. 30, 2021 | 15,410,763 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 10,605 | 10,605 | |||
Other comprehensive income, net of tax | (413) | (413) | |||
Exercise of stock options | $ 732 | (692) | 40 | ||
Exercise of stock options (in shares) | 3,320 | ||||
Unvested restricted stock issued (in shares) | (19,443) | ||||
Stock based compensation expense | 212 | 212 | |||
Stock based compensation expense (in shares) | (19,443) | ||||
Stock repurchase | $ (89) | (203) | (292) | ||
Stock repurchase (in shares) | (12,122) | ||||
Cash dividends | (3,374) | (3,374) | |||
Balance at Sep. 30, 2021 | $ 114,096 | $ 3,710 | $ 231,717 | $ 14,984 | $ 364,507 |
Balance (in shares) at Sep. 30, 2021 | 15,382,518 |
CONSOLIDATED STATEMENT OF CHA_2
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Statement of Stockholders' Equity [Abstract] | ||||
Common Stock, Dividends, Per Share, Declared | $ 0.22 | $ 0.20 | $ 0.65 | $ 0.60 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Cash flows from operating activities: | ||
Net income | $ 33,391 | $ 26,465 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Gain on sales of securities | (11) | (390) |
Gain on disposal of fixed assets | (146) | |
Gain on sale on foreclosed assets | (141) | (10) |
Writedowns on foreclosed assets | 174 | 332 |
Stock based compensation expense | 681 | 417 |
(Benefit) provision for loan losses | (2,450) | 6,350 |
Depreciation and amortization | 2,585 | 2,276 |
Net amortization on securities premiums and discounts | 3,654 | 3,528 |
Accretion of discounts for loans acquired and net deferred loan fees | (365) | (502) |
Increase in cash surrender value of life insurance policies | (2,445) | (1,997) |
Amortization of core deposit intangible | 779 | 806 |
Increase in interest receivable and other assets | (497) | (17,046) |
Decrease in other liabilities | 46,587 | 6,418 |
Deferred income tax benefit | (2,702) | (275) |
Increase in value of restricted bank equity securities | (857) | (447) |
Net amortization of partnership investment | 503 | 1,287 |
Net cash provided by operating activities | 78,740 | 27,212 |
Cash flows from investing activities: | ||
Maturities and calls of securities available for sale | 5,800 | 9,585 |
Proceeds from sales of securities available for sale | 148 | 20,298 |
Purchases of securities available for sale | (288,552) | (71,065) |
Principal pay downs on securities available for sale | 85,767 | 77,980 |
Net purchases of FHLB stock | (1,666) | |
Loan originations and payments, net | 323,351 | (614,676) |
Purchases of premises and equipment | (345) | (1,923) |
Proceeds from sale premises and equipment | 1,055 | |
Proceeds from sales of foreclosed assets | 938 | 238 |
Purchase of bank-owned life insurance | (39) | (196) |
Liquidation of bank-owned life insurance | 326 | |
Proceeds from BOLI death benefit | 274 | |
Net cash provided by (used in) investing activities | 126,457 | (579,159) |
Cash flows from financing activities: | ||
Increase in deposits | 196,040 | 423,339 |
(Decrease) increase in borrowed funds | (142,900) | 138,000 |
Increase in repurchase agreements | 53,415 | 10,946 |
Cash dividends paid | (9,842) | (9,136) |
Repurchases of common stock | (292) | (2,561) |
Stock options exercised | 94 | 215 |
Proceeds from issuance of subordinated debt | 49,221 | |
Net cash provided by financing activities | 145,736 | 560,803 |
Increase in cash and cash equivalents | 350,933 | 8,856 |
Cash and cash equivalents, Beginning of period | 71,417 | 80,077 |
Cash and cash equivalents, End of period | 422,350 | 88,933 |
Supplemental disclosure of cash flow information: | ||
Interest paid | 2,702 | 5,067 |
Income taxes paid | 11,769 | 10,050 |
Supplemental noncash disclosures: | ||
Real estate acquired through foreclosure | $ 93 | $ 2,563 |
The Business of Sierra Bancorp
The Business of Sierra Bancorp | 9 Months Ended |
Sep. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
The Business of Sierra Bancorp | Note 1 – The Business of Sierra Bancorp Sierra Bancorp (the “Company”) is a California corporation headquartered in Porterville, California, and is a registered bank holding company under federal banking laws. The Company was formed to serve as the holding company for Bank of the Sierra (the “Bank”), and has been the Bank’s sole shareholder since August 2001. The Company exists primarily for the purpose of holding the stock of the Bank and of such other subsidiaries it may acquire or establish. As of September 30, 2021, the Company’s only other subsidiaries were Sierra Statutory Trust II, Sierra Capital Trust III, and Coast Bancorp Statutory Trust II, which were formed solely to facilitate the issuance of capital trust pass-through securities (“TRUPS”). Pursuant to the Financial Accounting Standards Board (“FASB”) standard on the consolidation of variable interest entities, these trusts are not reflected on a consolidated basis in the Company’s financial statements. References herein to the “Company” include Sierra Bancorp and its consolidated subsidiary, the Bank, unless the context indicates otherwise. Bank of the Sierra, a California state-chartered bank headquartered in Porterville, California, offers a wide range of retail and commercial banking services via branch offices located throughout California’s South San Joaquin Valley, the Central Coast, Ventura County, the Sacramento area, and neighboring communities. The Bank was incorporated in September 1977, and opened for business in January 1978 as a one-branch bank with $1.5 million in capital. Our growth in the ensuing years has largely been organic in nature, but includes four whole-bank acquisitions: Sierra National Bank in 2000, Santa Clara Valley Bank in 2014, Coast National Bank in 2016, and Ojai Community Bank in October 2017. As of the filing date of this report the Bank operates 35 full-service branches and an online branch, and maintains ATMs at all but one of our branch locations as well as seven non-branch locations. Moreover, the Bank has specialized lending units which focus on agricultural borrowers, SBA loans, and mortgage warehouse lending. In addition, in February 2020 the bank opened a loan production office which is currently located in Roseville, CA. The Company had total assets of $3.4 billion at September 30, 2021, and for a number of years we have claimed the distinction of being the largest bank headquartered in the South San Joaquin Valley. The Bank’s deposit accounts, which totaled $2.8 billion at September 30, 2021, are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to maximum insurable amounts. |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2021 | |
Basis of Presentation [Abstract] | |
Basis of Presentation | Note 2 – Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in a condensed format, and therefore do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements. The information furnished in these interim statements reflects all adjustments that are, in the opinion of Management, necessary for a fair statement of the results for such periods. Such adjustments can generally be considered as normal and recurring unless otherwise disclosed in this Form 10-Q. In preparing the accompanying financial statements, Management has taken subsequent events into consideration and recognized them where appropriate. The results of operations in the interim statements are not necessarily indicative of the results that may be expected for any other quarter, or for the full year. Certain amounts reported for 2020 have been reclassified to be consistent with the reporting for 2021. The interim financial information should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the Securities and Exchange Commission (the “SEC”). |
Current Accounting Developments
Current Accounting Developments | 9 Months Ended |
Sep. 30, 2021 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Current Accounting Developments | Note 3 – Current Accounting Developments In September 2016 the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments from existing U.S. GAAP involves the treatment of purchased credit deteriorated assets, which are more broadly defined than purchased credit impaired assets in current accounting standards. When such assets are purchased, institutions will estimate and record an allowance for credit losses that is added to the purchase price rather than being reported as a credit loss expense. Furthermore, ASU 2016-13 updates the measurement of credit losses on available-for-sale debt securities, by mandating that institutions record credit losses on available-for-sale debt securities through an allowance for credit losses rather than the current practice of writing down securities for other-than-temporary impairment. ASU 2016-13 will also require the enhancement of financial statement disclosures regarding estimates used in calculating credit losses. ASU 2016-13 does not change the existing write-off principle in U.S. GAAP or current nonaccrual practices, nor does it change accounting requirements for loans held for sale or certain other financial assets which are measured at the lower of amortized cost or fair value. As a public business entity that is an SEC filer, ASU 2016-13 was originally scheduled to become effective for the Company on January 1, 2020 . In March 2020, the Company elected under Section 4014 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to defer the implementation of CECL until the earlier of when the national emergency related to the outbreak of COVID-19 ends or December 31, 2020. In December 2020, the Consolidated Appropriations Act 2021, extended the deferral of implementation of CECL from December 31, 2020, to the earlier of the first day of the fiscal year, beginning after the national emergency terminates or January 1, 2022. The Company will now continue to postpone implementation in order to provide additional time to assess better the impact of the COVID-19 pandemic on the expected lifetime credit losses. On the effective date, institutions will apply the new accounting standard as follows: for financial assets carried at amortized cost, a cumulative-effect adjustment will be recognized on the balance sheet for any change in the related allowance for loan and lease losses generated by the adoption of the new standard; financial assets classified as purchased credit impaired assets prior to the effective date will be reclassified as purchased credit deteriorated assets as of the effective date, and will be grossed up for the related allowance for expected credit losses created as of the effective date; and, debt securities on which other-than-temporary impairment had been recognized prior to the effective date will transition to the new guidance prospectively with no change in their amortized cost basis. The Company plans to implement CECL on January 1, 2022. As of September 30, 2021, we would expect the implementation adjustment to be approximately 50% to 75 % of the current balance of the allowance for loan and lease losses. Changes in economic forecasts, or other key assumptions including qualitative factors, and refreshed regression data correlated to loss drivers prior to the implementation of CECL on January 1, 2022, could impact the magnitude of the implementation adjustment. On March 22, 2020, a statement was issued by our banking regulators and titled the “Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus” (the “Interagency Statement”) that encourages financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations due to the effects of COVID-19. Additionally, Section 4013 of the CARES Act, that passed on March 27, 2020, further provides that a qualified loan modification is exempt by law from classification as a troubled debt restructuring (“TDR”) as defined by GAAP, from the period beginning March 1, 2020 until the earlier of December 31, 2020 or the date that is 60 days after the date on which the national emergency concerning the COVID-19 outbreak declared by the President of the United States under the National Emergencies Act (50 U.S.C. 1601 et seq.) terminates. The Interagency Statement was subsequently revised in April 2020 to clarify the interaction of the original guidance with Section 4013 of the CARES Act, as well as setting forth the banking regulators’ views on consumer protection considerations. In late December 2020, Section 4013 of the CARES Act was extended through January 1, 2022 by the 2021 Consolidated Appropriations Act. In accordance with such guidance, we offered and continue to offer on a limited-basis, short-term modifications made in response to COVID-19 to borrowers who are current and otherwise not past due. These include short-term, 180 days or less, modifications in the form of payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. See Note 10 for further information on non-TDR loan modifications. The impact of the Interagency Guidance and Section 4013, as amended, on the Company’s financial statements has not been material through September 30, 2021, but the ultimate impact of the relief provided by these government loan modification provisions cannot be determined at this time. |
Share Based Compensation
Share Based Compensation | 9 Months Ended |
Sep. 30, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Share Based Compensation | Note 4 – Share Based Compensation On March 16, 2017 the Company’s Board of Directors approved and adopted the 2017 Stock Incentive Plan (the “2017 Plan”), which became effective May 24, 2017, the date approved by the Company’s shareholders. The 2017 Plan replaced the Company’s 2007 Stock Incentive Plan (the “2007 Plan”), which expired by its own terms on March 15, 2017. Options to purchase 193,609 shares that were granted under the 2007 Plan were still outstanding as of September 30, 2021 and remain unaffected by that plan’s expiration. The 2017 Plan provides for the issuance of both “incentive” and “nonqualified” stock options to officers and employees, and of “nonqualified” stock options to non-employee directors and consultants of the Company. The 2017 Plan also provides for the issuance of restricted stock awards to these same classes of eligible participants. The total number of shares of the Company’s authorized but unissued stock reserved for issuance pursuant to awards under the 2017 Plan was initially 850,000 shares, and the number remaining available for grant as of September 30, 2021 was 452,953. Options to purchase 254,681 shares granted under the 2017 Plan were outstanding as of September 30, 2021. The potential dilutive impact of unexercised stock options is discussed below in Note 5, Earnings per Share. Pursuant to FASB’s standards on stock compensation, the value of each stock option and restricted stock award is reflected in our income statement as employee compensation or directors’ expense by amortizing its grant date fair value over the vesting period of the option or award. The Company utilizes a Black-Scholes model to determine grant date fair values for options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Forfeitures are reflected in compensation costs as they occur for both types of awards. A pre-tax charge of $0.2 million was reflected in the Company’s income statement during the third quarter of 2021 and $0.2 million was charged during the third quarter of 2020, as expense related to stock options and restricted stock awards. For the first nine months, the charges totaled $0.7 million in 2021 and $0.4 million in 2020. Restricted Stock Grants The Company’s Restricted Stock Awards are awards of time-vested, non-transferrable shares of common stock and are available to be granted to the Company’s employees and directors. The vesting period of Restricted Stock Awards is determined at the time the awards are issued, and different awards may have different vesting terms; provided, however, that no installment of any Restricted Stock Award shall become vested less than one year from the grant date. Restricted Stock Awards are valued utilizing the fair value of the Company’s stock at the grant date. During the first nine months of 2021 18,180 shares were granted to employees and directors of the Company. These awards are expensed on a straight-line basis over the vesting period. As of September 30, 2021, there was $2.0 million of unamortized compensation cost related to unvested Restricted Stock Awards granted under the 2017 plan. That cost is expected to be amortized over a weighted average period of 3.6 years. The Company’s time-vested award activity for the nine months ended September 30, 2021 and 2020 is summarized below (unaudited): Nine months ended September 30, 2021 2020 Shares Weighted Average Grant-Date Fair Value Shares Weighted Average Grant-Date Fair Value Unvested shares, January 1, 148,885 $ 18.00 — $ — Granted 18,180 25.30 148,885 18.00 Vested (39,449) 18.00 — — Forfeited (17,777) 18.00 — — Unvested shares September 30, 109,839 $ 19.21 148,885 $ — Stock Option Grants The Company has issued equity instruments in the form of Incentive Stock Options and Nonqualified Stock Options to certain officers and directors and may continue to do so under the 2017 Plan. The exercise price of each stock option is determined at the time of the grant and may be no less than 100% of the fair market value of such stock at the time the option is granted. The Company’s stock option activity during the nine months ended September 30, 2021 and 2020 are summarized below (dollars in thousands, except per share data, unaudited): Nine months ended September 30, 2021 2020 Shares Weighted Average Weighted Average Remaining Contractual Term (in years) Aggregate (1) Shares Weighted Average Weighted Average Remaining Contractual Term (in years) Aggregate (1) Outstanding at January 1, 495,489 $ 23.67 $ 1,340 457,959 $ 21.08 $ 3,684 Granted — $ — $ — 126,000 $ 27.11 $ — Exercised (7,480) $ 12.59 $ 91 (19,770) $ 10.87 $ 267 Canceled (39,719) $ 26.93 $ 1 (16,400) $ 26.93 $ — Outstanding at September 30, 448,290 $ 23.57 5.92 $ 1,302 547,789 $ 22.66 6.47 $ 612 Exercisable at September 30, 384,690 $ 22.97 5.58 $ 1,302 373,189 $ 20.68 5.31 $ 612 (1) The aggregate intrinsic value of stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on September 30, 2021. This amount changes based on changes in the market value of the Company's stock. |
Earnings per Share
Earnings per Share | 9 Months Ended |
Sep. 30, 2021 | |
Earnings Per Share [Abstract] | |
Earnings per Share | Note 5 – Earnings per Share The computation of earnings per share, as presented in the Consolidated Statements of Income, is based on the weighted average number of shares outstanding during each period, excluding unvested restricted stock awards. There were 15,257,367 weighted average shares outstanding during the third quarter of 2021 and 15,192,838 during the third quarter of 2020, while there were 15,247,477 weighted average shares outstanding during the first nine months of 2021 and 15,215,167 during the first nine months of 2020. Diluted earnings per share calculations include the effect of the potential issuance of common shares, which for the Company is limited to shares that would be issued on the exercise of “in-the-money” stock options, and unvested restricted stock awards. For the third quarter of 2021, calculations under the treasury stock method resulted in the equivalent of 86,176 shares being added to basic weighted average shares outstanding for purposes of determining diluted earnings per share, while a weighted average of 327,346 stock options were excluded from the calculation because they were underwater and thus anti-dilutive. For the third quarter of 2020 the equivalent of 45,586 shares were added in calculating diluted earnings per share, while 362,407 anti-dilutive stock options were not factored into the computation. Likewise, for the nine months of 2021 the equivalent of 121,772 shares were added to basic weighted average shares outstanding in calculating diluted earnings per share and a weighted average of 339,546 options that were anti-dilutive for the period were not included, compared to the addition of the equivalent of 58,595 shares and non-inclusion of 344,814 anti-dilutive options in calculating diluted earnings per share for first nine months of 2020. |
Comprehensive Income
Comprehensive Income | 9 Months Ended |
Sep. 30, 2021 | |
Comprehensive Income [Abstract] | |
Comprehensive Income | Note 6 – Comprehensive Income As presented in the Consolidated Statements of Comprehensive Income, comprehensive income includes net income and other comprehensive income. The Company’s only source of other comprehensive income is unrealized gains and losses on available-for-sale investment securities. Investment gains or losses that were realized and reflected in net income of the current period, which had previously been included in other comprehensive income as unrealized holding gains or losses in the period in which they arose, are considered to be reclassification adjustments that are excluded from other comprehensive income in the current period. |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 9 Months Ended |
Sep. 30, 2021 | |
Commitments and Contingent Liabilities [Abstract] | |
Commitments and Contingent Liabilities | Note 7 – Commitments and Contingent Liabilities The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business. Those financial instruments currently consist of unused commitments to extend credit and standby letters of credit. They involve, to varying degrees, elements of risk in excess of the amount recognized in the balance sheet. The Company’s exposure to credit loss in the event of nonperformance by counterparties for commitments to extend credit and letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and issuing letters of credit as it does for originating loans included on the balance sheet. The following financial instruments represent off-balance-sheet credit risk (dollars in thousands): September 30, 2021 December 31, 2020 Commitments to extend credit $ 532,891 $ 441,816 Standby letters of credit $ 7,151 $ 8,104 Commitments to extend credit consist primarily of the unused or unfunded portions of the following: home equity lines of credit; commercial real estate construction loans, where disbursements are made over the course of construction; commercial revolving lines of credit; mortgage warehouse lines of credit; unsecured personal lines of credit; and formalized (disclosed) deposit account overdraft lines. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many commitments are expected to expire without being drawn upon, the unused portions of committed amounts do not necessarily represent future cash requirements. Standby letters of credit are issued by the Company to guarantee the performance of a customer to a third party, and the credit risk involved in issuing letters of credit is essentially the same as the risk involved in extending loans to customers. At September 30, 2021, the Company was also utilizing a letter of credit in the amount of $105 million issued by the Federal Home Loan Bank on the Company’s behalf as security for certain deposits and to facilitate certain credit arrangements with the Company’s customers. That letter of credit is backed by loans which are pledged to the FHLB by the Company. The Company is subject to loss contingencies, including claims and legal actions arising in the ordinary course of business, which are recorded as liabilities when the likelihood of loss is probable, and an amount or range of loss can be reasonably estimated. Management does not believe there are such matters that will have a material effect on the financial statements. |
Fair Value Disclosures and Repo
Fair Value Disclosures and Reporting and Fair Value Measurements | 9 Months Ended |
Sep. 30, 2021 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures and Reporting and Fair Value Measurements | Note 8 – Fair Value Disclosures and Reporting and Fair Value Measurements FASB’s standards on financial instruments, and on fair value measurements and disclosures, require public business entities to disclose in their financial statement footnotes the estimated fair values of financial instruments. In addition to disclosure requirements, FASB’s standard on investments requires that our debt securities that are classified as available for sale and any equity securities which have readily determinable fair values be measured and reported at fair value in our statement of financial position. Certain impaired loans are also reported at fair value, as explained in greater detail below, and foreclosed assets are carried at the lower of cost or fair value. FASB’s standard on financial instruments permits companies to report certain other financial assets and liabilities at fair value, but the Company has not elected the fair value option for any of those financial instruments. Fair value measurement and disclosure standards also establish a framework for measuring fair values. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability, in an orderly transaction between market participants on the measurement date. Further, the standards establish a fair value hierarchy that encourages an entity to maximize the use of observable inputs and limit the use of unobservable inputs when measuring fair values. The standards describe three levels of inputs that may be used to measure fair values: ● Level 1 : Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. ● Level 2 : Significant observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data. ● Level 3 : Significant unobservable inputs that reflect a company’s own assumptions about the factors that market participants would likely consider in pricing an asset or liability. Fair value estimates are made at a specific point in time based on relevant market data and information about the financial instruments. Fair value disclosures for deposits include demand deposits, which are, by definition, equal to the amount payable on demand at the reporting date. Fair value calculations for loans and leases reflect exit pricing, and incorporate our assumptions with regard to the impact of prepayments on future cash flows and credit quality adjustments based on risk characteristics of various financial instruments, among other things. Since the estimates are subjective and involve uncertainties and matters of significant judgment they cannot be determined with precision, and changes in assumptions could significantly alter the fair values presented. Estimated fair values for the Company’s financial instruments are as follows, as of the dates noted: Fair Value of Financial Instruments (dollars in thousands, unaudited) September 30, 2021 Fair Value Measurements Carrying Quoted Prices in Significant Significant Total Financial assets: Cash and cash equivalents $ 422,350 $ 422,350 $ — $ — $ 422,350 Investment securities available for sale 732,312 — 732,312 — 732,312 Loans and leases, net held for investment 2,121,337 — — 2,103,993 2,103,993 Collateral dependent impaired loans 260 — 260 114 374 Financial liabilities: Deposits 2,820,646 1,111,411 1,708,701 — 2,820,112 Repurchase agreements 92,553 — 92,553 — 92,553 Long-term debt 49,221 — 49,782 — 49,782 Subordinated debentures 35,258 — 33,929 — 33,929 December 31, 2020 Fair Value Measurements Carrying Quoted Prices in Significant Significant Total Financial assets: Cash and cash equivalents $ 71,417 $ 71,417 $ — $ — $ 71,417 Investment securities available for sale 543,974 — 543,974 — 543,974 Loans and leases, net held for investment 2,441,676 — — 2,450,340 2,450,340 Collateral dependent impaired loans 550 — 550 — 550 Financial liabilities: Deposits 2,624,606 943,664 1,680,814 — 2,624,478 Repurchase agreements 39,138 — 39,138 — 39,138 Short term borrowings 142,900 — 142,896 — 142,896 Subordinated debentures 35,124 — 24,364 — 24,364 For financial asset categories that were carried on our balance sheet at fair value as of September 30, 2021 and December 31, 2020, the Company used the following methods and significant assumptions: ● Investment securities : Fair values are determined by obtaining quoted prices on nationally recognized securities exchanges or by matrix pricing, which is a mathematical technique used widely in the industry to value debt securities by relying on their relationship to other benchmark quoted securities. ● Collateral-dependent impaired loans : Collateral-dependent impaired loans are carried at fair value when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the original loan agreement and the loan has been written down to the fair value of its underlying collateral, net of expected disposition costs where applicable. ● Foreclosed assets : Repossessed real estate (known as other real estate owned, or “OREO”) and other foreclosed assets are carried at the lower of cost or fair value. Fair value is the appraised value less expected disposition costs for OREO; fair values for any other foreclosed assets are represented by estimated sales proceeds as determined using reasonably available sources. Foreclosed assets for which appraisals can be feasibly obtained are periodically measured for impairment using updated appraisals. Fair values for other foreclosed assets are adjusted as necessary, subsequent to a periodic reevaluation of expected cash flows and the timing of resolution. If impairment is determined to exist, the book value of a foreclosed asset is immediately written down to its estimated impaired value through the income statement, thus the carrying amount is equal to the fair value and there is no valuation allowance. Assets reported at fair value on a recurring basis are summarized below: Fair Value Measurements – Recurring (dollars in thousands, unaudited) Fair Value Measurements at September 30, 2021, using Quoted Prices in Significant Significant Total Realized Securities: U.S. government agencies $ — $ 1,693 $ — $ 1,693 $ — Mortgage-backed securities — 327,645 — 327,645 — State and political subdivisions — 292,079 — 292,079 — Corporate bonds — 16,307 — 16,307 — Collateralized loan obligations — 94,588 — 94,588 — Total available-for-sale securities $ — $ 732,312 $ — $ 732,312 $ — Fair Value Measurements at December 31, 2020, using Quoted Prices in Significant Significant Total Realized Securities: U.S. government agencies $ — $ 1,800 $ — $ 1,800 $ — Mortgage-backed securities — 314,435 — 314,435 — State and political subdivisions — 227,739 — 227,739 — Total available-for-sale securities $ — $ 543,974 $ — $ 543,974 $ — Assets reported at fair value on a nonrecurring basis are summarized below: Fair Value Measurements – Nonrecurring (dollars in thousands, unaudited) Fair Value Measurements at September 30, 2021, using Quoted Prices in Significant Significant Total Impaired loans Real estate: 1-4 family residential construction $ — $ — $ — $ — Other construction/land — — — — 1-4 family - closed-end — — — — Equity lines — 196 — 196 Multi-family residential — — — — Commercial real estate - owner occupied — 64 — 64 Commercial real estate - non-owner occupied — — — — Farmland — — — — Total real estate — 260 — 260 Agricultural — — — — Commercial and industrial — — 114 114 Consumer loans — — — — Total impaired loans $ — $ 260 $ 114 $ 374 Foreclosed assets $ — $ 93 $ — $ 93 Total assets measured on a nonrecurring basis $ — $ 353 $ 114 $ 467 Fair Value Measurements at December 31, 2020, using Quoted Prices in Significant Significant Total Impaired loans Real estate: 1-4 family residential construction $ — $ — $ — $ — Other construction/land — — — — 1-4 family - closed-end — — — — Equity lines — 295 — 295 Multi-family residential — — — — Commercial real estate - owner occupied — 78 — 78 Commercial real estate - non-owner occupied — — — — Farmland — — — — Total real estate — 373 — 373 Agricultural — — — — Commercial and industrial — 177 — 177 Consumer loans — — — — Total impaired loans $ — $ 550 $ — $ 550 Foreclosed assets $ — $ 971 $ — $ 971 Total assets measured on a nonrecurring basis $ — $ 1,521 $ — $ 1,521 The table above includes collateral-dependent impaired loan balances for which a specific reserve has been established or on which a write-down has been taken. Information on the Company’s total impaired loan balances and specific loss reserves associated with those balances is included in Note 11 below. The unobservable inputs are based on Management’s best estimates of appropriate discounts in arriving at fair market value. Adjusting any of those inputs could result in a significantly lower or higher fair value measurement. For example, an increase or decrease in actual loss rates would create a directionally opposite change in the fair value of unsecured impaired loans. |
Investments
Investments | 9 Months Ended |
Sep. 30, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments | Note 9 – Investments Investment Securities Although the Company currently has the intent and the ability to hold the securities in its investment portfolio to maturity, the securities are all marketable and are classified as “available for sale” to allow maximum flexibility with regard to interest rate risk and liquidity management. Pursuant to FASB’s guidance on accounting for debt securities, available for sale securities are carried on the Company’s financial statements at their estimated fair market values, with monthly tax-effected “mark-to-market” adjustments made vis-à-vis accumulated other comprehensive income in shareholders’ equity. The amortized cost and estimated fair value of available-for-sale investment securities are as follows: Amortized Cost And Estimated Fair Value (dollars in thousands, unaudited) September 30, 2021 Amortized Gross Gross Estimated Fair U.S. government agencies $ 1,644 $ 49 $ — $ 1,693 Mortgage-backed securities 320,919 7,236 (510) 327,645 State and political subdivisions 277,690 14,597 (208) 292,079 Corporate bonds 16,195 133 (21) 16,307 Collateralized loan obligations 94,591 — (3) 94,588 Total securities $ 711,039 $ 22,015 $ (742) $ 732,312 December 31, 2020 Amortized Gross Gross Estimated Fair U.S. government agencies $ 1,725 $ 75 $ — $ 1,800 Mortgage-backed securities 304,108 10,389 (62) 314,435 State and political subdivisions 212,011 15,728 — 227,739 Total securities $ 517,844 $ 26,192 $ (62) $ 543,974 At September 30, 2021 and December 31, 2020, the Company had 58 securities and 2 securities, respectively, with gross unrealized losses. Management has evaluated those securities as of the respective dates, and does not believe that any of the unrealized losses are other than temporary. Gross unrealized losses on our investment securities as of the indicated dates are disclosed in the table below, categorized by investment type and by the duration of time that loss positions on individual securities have continuously existed (over or under twelve months). Investment Portfolio - Unrealized Losses (dollars in thousands, unaudited) September 30, 2021 Less than twelve months Twelve months or more Gross Fair Value Gross Fair Value U.S. government agencies $ — $ — $ — $ — Mortgage-backed securities (387) 72,050 (123) 2,869 State and political subdivisions (208) 28,844 — — Corporate bonds (21) 1,255 — — Collateralized loan obligations (3) 8,297 — — Total $ (619) $ 110,446 $ (123) $ 2,869 December 31, 2020 Less than twelve months Twelve months or more Gross Fair Value Gross Fair Value U.S. government agencies $ — $ — $ — $ — Mortgage-backed securities (62) 4,286 — — State and political subdivisions — — — — Corporate bonds — — — — Collateralized loan obligations — — — — Total $ (62) $ 4,286 $ — $ — The table below summarizes the Company’s gross realized gains and losses as well as gross proceeds from the sales of securities, for the periods indicated: Investment Portfolio - Realized Gains/(Losses) (dollars in thousands, unaudited) Three months ended September 30, Nine months ended September 30, 2021 2020 2021 2020 Proceeds from sales, calls and maturities of securities available for sale $ 1,948 $ 3,390 $ 5,948 $ 29,883 Gross gains on sales, calls and maturities of securities available for sale 11 — 11 433 Gross losses on sales, calls and maturities of securities available for sale — — — (43) Net gains on sale of securities available for sale $ $11 $ — $ 11 $ 390 The amortized cost and estimated fair value of investment securities available-for-sale at September 30, 2021 and December 31, 2020 are shown below, grouped by the remaining time to contractual maturity dates. The expected life of investment securities may not be consistent with contractual maturity dates, since the issuers of the securities might have the right to call or prepay obligations with or without penalties. Estimated Fair Value of Contractual Maturities (dollars in thousands, unaudited) September 30, 2021 Amortized Cost Fair Value Maturing within one year $ 5,954 $ 6,021 Maturing after one year through five years 21,474 21,786 Maturing after five years through ten years 30,722 32,313 Maturing after ten years 237,380 249,959 Securities not due at a single maturity date: Mortgage-backed securities 185,372 189,427 Collateralized mortgage obligations 135,546 138,218 Collateralized loan obligations 94,591 94,588 $ 711,039 $ 732,312 December 31, 2020 Amortized Cost Fair Value Maturing within one year $ 3,812 $ 3,857 Maturing after one year through five years 9,475 9,732 Maturing after five years through ten years 27,250 28,745 Maturing after ten years 173,199 187,205 Securities not due at a single maturity date: Mortgage-backed securities 157,201 163,029 Collateralized mortgage obligations 146,907 151,406 $ 517,844 $ 543,974 At September 30, 2021, the Company’s investment portfolio included 398 “muni” bonds issued by 330 different government municipalities and agencies located within 32 different states, with an aggregate fair value of $292.1 million. The largest exposure to any single municipality or agency was a combined $4.0 million (fair value) in general obligation bonds issued by the Charter Township of Washington County (MI). In addition, the Company owned The Company’s investments in bonds issued by corporations, states, municipalities and political subdivisions are evaluated in accordance with Financial Institution Letter 48-2012, issued by the FDIC, “Revised Standards of Creditworthiness for Investment Securities,” and other regulatory guidance. Credit ratings are considered in our analysis only as a guide to the historical default rate associated with similarly-rated bonds. There have been no significant differences in our internal analyses compared with the ratings assigned by the third party credit rating agencies. The following table summarizes the amortized cost and fair values of general obligation and revenue bonds in the Company’s investment securities portfolio at the indicated dates, identifying the state in which the issuing municipality or agency operates for our largest geographic concentrations: Revenue and General Obligation Bonds by Location (dollars in thousands, unaudited) September 30, 2021 December 31, 2020 Amortized Fair Market Amortized Fair Market General obligation bonds Cost Value Cost Value State of issuance Texas $ 101,560 $ 106,865 $ 76,794 $ 82,888 California 47,884 49,793 31,122 33,100 Washington 24,029 26,011 22,896 25,072 Other (29 & 29 states, respectively) 66,515 69,853 51,827 55,352 Total general obligation bonds 239,988 252,522 182,639 196,412 Revenue bonds State of issuance Texas 6,970 7,441 7,023 7,516 Washington 3,353 3,491 2,249 2,406 California 1,335 1,358 363 379 Other (32 & 32 states, respectively) 26,044 27,267 19,737 21,026 Total revenue bonds 37,702 39,557 29,372 31,327 Total obligations of states and political subdivisions $ 277,690 $ 292,079 $ 212,011 $ 227,739 The revenue bonds in the Company’s investment securities portfolios were issued by government municipalities and agencies to fund public services such as utilities (water, sewer, and power), educational facilities, and general public and economic improvements. The primary sources of revenue for these bonds are delineated in the table below, which shows the amortized cost and fair market values for the largest revenue concentrations as of the indicated dates. Revenue Bonds by Type (dollars in thousands, unaudited) September 30, 2021 December 31, 2020 Amortized Fair Market Amortized Fair Market Revenue bonds Cost Value Cost Value Revenue source: Water $ 13,551 $ 14,109 $ 12,609 $ 13,526 Sewer 5,390 5,667 4,584 4,891 Lease 4,613 4,871 2,707 2,773 Sales tax 4,100 4,203 3,083 3,308 Other (10 and 8 sources, respectively) 10,047 10,707 6,389 6,829 Total revenue bonds $ 37,702 $ 39,557 $ 29,372 $ 31,327 Low-Income Housing Tax Credit (“LIHTC”) Fund Investments The Company has the ability to invest in limited partnerships which own housing projects that qualify for federal and/or California state tax credits, by mandating a specified percentage of low-income tenants for each project. The primary investment return comes from tax credits that flow through to investors. Because rent levels are lower than standard market rents and the projects are generally highly leveraged, each project also typically generates tax-deductible operating losses that are allocated to the limited partners for tax purposes. The Company made investment commitments to nine different LIHTC fund limited partnerships from 2001 through 2017, all of which were California-focused funds that help the Company meet its obligations under the Community Reinvestment Act. We utilize the cost method of accounting for our LIHTC fund investments, under which we initially record on our balance sheet an asset that represents the total cash expected to be invested over the life of the partnership. Any commitments or contingent commitments for future investment are reflected as a liability. The income statement reflects tax credits and any other tax benefits from these investments “below the line” within our income tax provision, while the initial book value of the investment is amortized on a straight-line basis as an offset to noninterest income, over the time period in which the tax credits and tax benefits are expected to be received. As of September 30, 2021, our total LIHTC investment book balance was $3.1 million, which includes $0.1 million in remaining commitments for additional capital contributions. There were $0.4 million in tax credits derived from our LIHTC investments that were recognized during the nine months ended September 30, 2021, and amortization expense of $0.4 million associated with those investments was netted against pre-tax noninterest income for the same time period. Our LIHTC investments are evaluated annually for potential impairment, and we have concluded that the carrying value of the investments is stated fairly and is not impaired. |
Credit Quality and Nonperformin
Credit Quality and Nonperforming Assets | 9 Months Ended |
Sep. 30, 2021 | |
Credit Quality and Nonperforming Assets [Abstract] | |
Credit Quality and Nonperforming Assets | Note 10 – Credit Quality and Nonperforming Assets Credit Quality Classifications The Company monitors the credit quality of loans on a continuous basis using the regulatory and accounting classifications of pass, special mention, substandard and impaired to characterize the associated credit risk. Balances classified as “loss” are immediately charged off. The Company conforms to the following definitions for its risk classifications: ● Pass : Larger non-homogeneous loans not meeting the risk rating definitions below, and smaller homogeneous loans that are not assessed on an individual basis. ● Special mention : Loans which have potential issues that deserve the close attention of Management. If left uncorrected, those potential weaknesses could eventually diminish the prospects for full repayment of principal and interest according to the contractual terms of the loan agreement, or could result in deterioration of the Company’s credit position at some future date. ● Substandard : Loans that have at least one clear and well-defined weakness that could jeopardize the ultimate recoverability of all principal and interest, such as a borrower displaying a highly leveraged position, unfavorable financial operating results and/or trends, uncertain repayment sources or an otherwise deteriorated financial condition. ● Impaired : A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans include all nonperforming loans and restructured troubled debt (“TDRs”). A TDR may be nonperforming or performing, depending on its accrual status and the demonstrated ability of the borrower to comply with restructured terms (see “Troubled Debt Restructurings” section below for additional information on TDRs). Credit quality classifications for the Company’s loan balances were as follows, as of the dates indicated: Credit Quality Classifications (dollars in thousands, unaudited) September 30, 2021 Pass Special Substandard Impaired Total Real estate: 1-4 family residential construction $ 33,204 $ 1,516 $ — $ — $ 34,720 Other construction/land 25,139 — — 373 25,512 1-4 family - closed end 213,453 3,348 840 2,599 220,240 Equity lines 25,183 2,242 56 3,860 31,341 Multi-family residential 52,123 3,505 — — 55,628 Commercial real estate - owner occupied 329,776 8,913 3,908 2,519 345,116 Commercial real estate - non-owner occupied 949,741 26,681 19,119 380 995,921 Farmland 111,929 7,853 4,245 419 124,446 Total real estate 1,740,548 54,058 28,168 10,150 1,832,924 Agricultural 41,377 — 1,448 471 43,296 Commercial and industrial 120,857 9,697 226 1,512 132,292 Mortgage warehouse 126,486 — — — 126,486 Consumer loans 4,561 35 69 163 4,828 Total gross loans and leases $ 2,033,829 $ 63,790 $ 29,911 $ 12,296 $ 2,139,826 December 31, 2020 Pass Special Substandard Impaired Total Real estate: 1-4 family residential construction $ 40,044 $ 8,521 $ — $ — $ 48,565 Other construction/land 61,809 7,478 2,148 545 71,980 1-4 family - closed end 130,559 4,922 1,356 2,999 139,836 Equity lines 30,479 2,581 58 4,957 38,075 Multi-family residential 57,934 3,597 — 334 61,865 Commercial real estate - owner occupied 308,819 21,148 5,652 7,580 343,199 Commercial real estate - non-owner occupied 1,026,041 10,827 25,048 582 1,062,498 Farmland 104,826 21,468 3,169 442 129,905 Total real estate 1,760,511 80,542 37,431 17,439 1,895,923 Agricultural 39,391 3,617 1,614 250 44,872 Commercial and industrial 194,876 11,819 1,259 1,094 209,048 Mortgage warehouse 307,679 — — — 307,679 Consumer loans 5,323 58 11 197 5,589 Total gross loans and leases $ 2,307,780 $ 96,036 $ 40,315 $ 18,980 $ 2,463,111 Past Due and Nonperforming Assets Nonperforming assets are comprised of loans for which the Company is no longer accruing interest, and foreclosed assets. The Company’s foreclosed assets include OREO, which consists of commercial and/or residential real estate properties acquired by foreclosure or similar means that the Company is offering or will offer for sale. Foreclosed assets totaled $0.1 million at September 30, 2021, and $1.0 million at December 31, 2020. Gross nonperforming loans totaled $6.8 million at September 30, 2021 and $7.6 million at December 31, 2020. Loans and leases are classified as nonperforming when reasonable doubt surfaces with regard to the ability of the Company to collect all principal and interest. At that point, we stop accruing interest on the loan or lease in question and reverse any previously recognized interest to the extent that it is uncollected or associated with interest-reserve loans. Any asset for which principal or interest has been in default for 90 days or more is also placed on non-accrual status even if interest is still being received, unless the asset is both well secured and in the process of collection. As of September 30, 2021, the Company had $10.4 million in loans with payment deferrals either under section 4013 of the CARES Act or the April 7, 2020 Interagency Statement. An aging of the Company’s loan balances is presented in the following tables, by number of days past due as of the indicated dates: Loan Portfolio Aging (dollars in thousands, unaudited) September 30, 2021 30-59 Days 60-89 Days 90 Days Or (1) Total Current Total Financing Non-Accrual (2) Real estate: 1-4 family residential construction $ — $ — $ — $ — $ 34,720 $ 34,720 $ — Other construction/land — — — — 25,512 25,512 — 1-4 family - closed end 379 — — 379 219,861 220,240 1,418 Equity lines — — — — 31,341 31,341 1,962 Multi-family residential — — — — 55,628 55,628 — Commercial real estate - owner occupied 698 99 — 797 344,319 345,116 1,251 Commercial real estate - non-owner occupied — — — — 995,921 995,921 — Farmland — — — — 124,446 124,446 419 Total real estate 1,077 99 — 1,176 1,831,748 1,832,924 5,050 Agricultural — — 305 305 42,991 43,296 471 Commercial and industrial 206 1 488 695 131,597 132,292 1,245 Mortgage warehouse lines — — — — 126,486 126,486 — Consumer 10 65 3 78 4,750 4,828 22 Total gross loans and leases $ 1,293 $ 165 $ 796 $ 2,254 $ 2,137,572 $ 2,139,826 $ 6,788 (1) As of September 30, 2021, there were no loans over 90 days past due and still accruing. (2) Included in total financing receivables Loan Portfolio Aging (dollars in thousands, unaudited) December 31, 2020 30-59 Days 60-89 Days 90 Days Or (1) Total Current Total Financing Non-Accrual (2) Real estate: 1-4 family residential construction $ — $ — $ — $ — $ 48,565 $ 48,565 $ — Other construction/land — — — — 71,980 71,980 — 1-4 family - closed end 210 37 150 397 139,439 139,836 1,193 Equity lines 1,409 — 551 1,960 36,115 38,075 2,403 Multi-family residential — — — — 61,865 61,865 — Commercial real estate - owner occupied 101 1,187 78 1,366 341,833 343,199 1,678 Commercial real estate - non-owner occupied — — 152 152 1,062,346 1,062,498 582 Farmland — 211 442 653 129,252 129,905 442 Total real estate 1,720 1,435 1,373 4,528 1,891,395 1,895,923 6,298 Agricultural — — 250 250 44,622 44,872 250 Commercial and industrial 325 — 237 562 208,486 209,048 1,026 Mortgage warehouse lines — — — — 307,679 307,679 — Consumer 38 — — 38 5,551 5,589 24 Total gross loans and leases $ 2,083 $ 1,435 $ 1,860 $ 5,378 $ 2,457,733 $ 2,463,111 $ 7,598 (1) As of December 31, 2020, there were no loans over 90 days past due and still accruing. (2) Included in total financing receivables Troubled Debt Restructurings A loan that is modified for a borrower who is experiencing financial difficulty is classified as a troubled debt restructuring (TDR) if the modification constitutes a concession, excluding loan modifications that are COVID-19 related and made in accordance with the interagency guidance and the CARES Act as described in Note 3, above. At September 30, 2021, the Company had a total of $7.8 million in TDRs, including $2.3 million in TDRs that were on non-accrual status. Generally, a non-accrual loan that has been modified as a TDR remains on non-accrual status for a period of at least six months to demonstrate the borrower’s ability to comply with the modified terms. However, performance prior to the modification, or significant events that coincide with the modification, could result in a loan’s return to accrual status after a shorter performance period or even at the time of loan modification. Regardless of the period of time that has elapsed, if the borrower’s ability to meet the revised payment schedule is uncertain, then the loan will be kept on non-accrual status. The Company may agree to different types of concessions when modifying a loan or lease. The tables below summarize TDRs which were modified during the noted periods, by type of concession: Troubled Debt Restructurings, by Type of Loan Modification (dollars in thousands, unaudited) Three months ended September 30, 2021 Rate Modification Term Interest Only Modification Rate & Term Modification Term & Interest Modification Total Real estate: Other construction/land $ — $ — $ — $ — $ — $ — 1-4 family - closed-end — — — — — — Equity lines — 1,000 — — — 1,000 Multi-family residential — — — — — — Commercial real estate - owner occupied — — — — — — Farmland — — — — — — Total real estate loans — 1,000 — — — 1,000 Agricultural — — — — — — Commercial and industrial — — — — — — Consumer loans — — — — — — Total $ — $ 1,000 $ — $ — $ — $ 1,000 Three months ended September 30, 2020 Rate Modification Term Interest Only Rate & Term Modification Term & Interest Modification Total Real estate: Other construction/land $ — $ — $ — $ — $ — $ — 1-4 family - closed-end — — — — — — Equity lines — — — — — — Multi-family residential — — — — — — Commercial real estate - owner occupied — 569 — — — 569 Farmland — — — — — — Total real estate loans — 569 — — — 569 Agricultural — — — — — — Commercial and industrial — 17 — — — 17 Consumer loans — — — — — — Total $ — $ 586 $ — $ — $ — $ 586 Troubled Debt Restructurings, by Type of Loan Modification (dollars in thousands, unaudited) Nine months ended September 30, 2021 Rate Modification Term Interest Only Modification Rate & Term Modification Term & Interest Modification Total Real estate: $ Other construction/land $ — $ — $ — $ — $ — — 1-4 family - closed-end — — — — — — Equity lines — 1,000 — 83 — 1,083 Multi-family residential — — — — — — Commercial real estate - owner occupied — 136 — — — 136 Farmland — — — — — — Total real estate loans — 1,136 — 83 — 1,219 Agricultural — 118 — — 118 Commercial and industrial — 185 — — — 185 Consumer loans — 41 — — — 41 Total $ — $ 1,480 $ — $ 83 $ — $ 1,563 Nine months ended September 30, 2020 Rate Modification Term Interest Only Modification Rate & Term Modification Term & Interest Modification Total Real estate: Other construction/land $ — $ 85 $ — $ — $ — $ 85 1-4 family - closed-end — 1,325 — — — 1,325 Equity lines — — — — — — Multi-family residential — — — — — — Commercial real estate - owner occupied — 747 — — 338 1,085 Farmland — — — — — — Total real estate loans — 2,157 — — 338 2,495 Agricultural — — — — — Commercial and industrial — 45 — — — 45 Consumer loans — — — — — — Total $ — $ 2,202 $ — $ — $ 338 $ 2,540 Troubled Debt Restructurings (dollars in thousands, unaudited) Three months ended September 30, 2021 Pre- Post- Number of Outstanding Outstanding Reserve ⁽ ¹ ⁾ Reserve Real estate: Other construction/land 0 $ — $ — $ — $ — 1-4 family - closed-end 0 — — — — Equity lines 1 1,000 1,000 — — Multi-family residential 0 — — — — Commercial real estate - owner occupied 0 — — — — Farmland 0 — — — — Total real estate loans 1,000 1,000 — — Agricultural 0 — — — — Commercial and industrial 0 — — — — Consumer loans 0 — — — — Total $ 1,000 $ 1,000 $ — $ — (1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology. Three months ended September 30, 2020 Pre- Post- Number of Outstanding Outstanding Reserve ⁽ ¹ ⁾ Reserve Real estate: Other construction/land 0 $ — $ — $ — $ — 1-4 family - closed-end 0 — — — — Equity lines 0 — — — — Multi-family residential 0 — — — — Commercial real estate - owner occupied 1 569 569 — 5 Farmland 0 — — — — Total real estate loans 569 569 — 5 Agricultural 0 — — — — Commercial and industrial 1 17 17 — 1 Consumer loans 0 — — — — Total $ 586 $ 586 $ — $ 6 (1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology. Troubled Debt Restructurings (dollars in thousands, unaudited) Nine months ended September 30, 2021 Pre- Post- Number of Outstanding Outstanding Reserve ⁽ ¹ ⁾ Reserve Real estate: Other construction/land 0 $ — $ — $ — $ — 1-4 family - closed-end 0 — — — — Equity lines 2 1,083 1,083 — 1 Multi-family residential 0 — — — — Commercial real estate - owner occupied 1 137 136 (1) — Farmland 0 — — — — Total real estate loans 1,220 1,219 (1) 1 Agricultural 1 118 118 116 — Commercial and industrial 1 185 185 (1) 47 Consumer loans 1 41 41 — — Total $ 1,564 $ 1,563 $ 114 $ 48 (1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology. Nine months ended September 30, 2020 Pre- Post- Number of Outstanding Outstanding Reserve ⁽ ¹ ⁾ Reserve Real estate: Other construction/land 1 $ 86 $ 85 $ 40 $ 41 1-4 family - closed-end 1 1,325 1,325 10 — Equity lines 0 — — — — Multi-family residential 0 — — — — Commercial real estate - owner occupied 3 1,085 1,085 8 6 Farmland 0 — — — — Total real estate loans 2,496 2,495 58 47 Agricultural 0 — — — — Commercial and industrial 2 45 45 2 2 Consumer loans 0 — — — — Total $ 2,541 $ 2,540 $ 60 $ 49 (1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology. The Company had no finance receivables modified as TDRs within the previous twelve months that defaulted or were charged off during the three- or nine-month periods ended September 30, 2021 and 2020. Purchased Credit Impaired Loans The Company may acquire loans which show evidence of credit deterioration since origination. These purchased credit impaired (“PCI”) loans are recorded at the amount paid, since there is no carryover of the seller’s allowance for loan losses. Potential losses on PCI loans subsequent to acquisition are recognized by an increase in the allowance for loan losses. PCI loans are accounted for individually or are aggregated into pools of loans based on common risk characteristics. The Company projects the amount and timing of expected cash flows, and expected cash receipts in excess of the amount paid for any such loans are recorded as interest income over the remaining life of the loan or pool of loans (accretable yield). The excess of contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). Expected cash flows are periodically re-evaluated throughout the life of the loan or pool of loans. If the present value of the expected cash flows is determined at any time to be less than the carrying amount, a reserve is recorded. If the present value of the expected cash flows is greater than the carrying amount, it is recognized as part of future interest income. Our acquisition of Santa Clara Valley Bank in 2014 included certain loans which have shown evidence of credit deterioration since origination, and for which it was probable at acquisition that all contractually required payments would not be collected. The carrying amount and unpaid principal balance of those PCI loans was as follows, as of the dates indicated: Purchased Credit Impaired Loans: (dollars in thousands, unaudited) September 30, 2021 Unpaid Principal Balance Carrying Value Real estate secured $ 63 $ 63 Total purchased credit impaired loans $ 63 $ 63 December 31, 2020 Unpaid Principal Balance Carrying Value Real estate secured $ 78 $ $78 Total purchased credit impaired loans $ 78 $ $78 There was no allowance for loan losses allocated for PCI loans as of September 30, 2021 or December 31, 2020. There was no discount accretion recorded on PCI loans during the nine months ended September 30, 2021. |
Allowance for Loan and Lease Lo
Allowance for Loan and Lease Losses | 9 Months Ended |
Sep. 30, 2021 | |
Provision for Loan and Lease Losses [Abstract] | |
Allowance for Loan and Lease Losses | Note 11 – Allowance for Loan and Lease Losses The Company’s allowance for loan and lease losses, a contra-asset, is established through a provision for loan and lease losses. The allowance is maintained at a level that is considered adequate to absorb probable losses on certain specifically identified impaired loans, as well as probable incurred losses inherent in the remaining loan portfolio. Specifically identifiable and quantifiable losses are immediately charged off against the allowance; recoveries are generally recorded only when cash payments are received subsequent to the charge off. We employ a systematic methodology, consistent with FASB guidelines on loss contingencies and impaired loans, for determining the appropriate level of the allowance for loan and lease losses and adjusting it to that level at least quarterly. Pursuant to our methodology, impaired loans and leases are individually analyzed and a criticized asset action plan is completed specifying the financial status of the borrower and, if applicable, the characteristics and condition of collateral and any associated liquidation plan. A specific loss allowance is created for each impaired loan, if necessary. The following tables disclose the unpaid principal balance, recorded investment, average recorded investment, and interest income recognized for impaired loans on our books as of the dates indicated. Balances are shown by loan type, and are further broken out by those that required an allowance and those that did not, with the associated allowance disclosed for those that required such. Included in the valuation allowance for impaired loans shown in the tables below are specific reserves allocated to TDRs, totaling $0.5 million at September 30, 2021 and $0.6 million at December 31, 2020. Impaired Loans (dollars in thousands, unaudited) September 30, 2021 Unpaid Principal (1) Recorded (2) Related Average Interest Income (3) With an allowance recorded Real estate: Other construction/land $ 373 $ 373 $ 90 $ 382 $ 52 1-4 family - closed-end 1,422 1,422 39 1,459 125 Equity lines 1,991 1,991 156 2,058 130 Commercial real estate- owner occupied 1,268 1,268 8 1,286 120 Commercial real estate- non-owner occupied 380 380 126 400 25 Total real estate 5,434 5,434 419 5,585 452 Agricultural 244 244 244 247 — Commercial and industrial 995 995 382 1,072 36 Consumer loans 163 163 16 177 28 Subtotal 6,836 6,836 1,061 7,081 516 With no related allowance recorded Real estate: 1-4 family - closed-end 1,190 1,177 — 1,244 — Equity lines 1,881 1,869 — 1,945 6 Commercial real estate- owner occupied 1,371 1,251 — 1,297 — Farmland 419 419 — 429 — Total real estate 4,861 4,716 — 4,915 6 Agricultural 227 227 — 275 — Commercial and industrial 517 517 — 619 2 Consumer loans 30 — — — 2 Subtotal 5,635 5,460 — 5,809 10 Total $ 12,471 $ 12,296 $ 1,061 $ 12,890 $ 526 (1) Contractual principal balance due from customer. (2) Principal balance on Company’s books, less any direct charge offs. (3) Interest income is recognized on performing balances on a regular accrual basis. Impaired Loans (dollars in thousands, unaudited) December 31, 2020 Unpaid Principal (1) Recorded (2) Related Average Interest Income (3) With an allowance recorded Real estate: Other construction/land $ 545 $ 545 $ 171 $ 565 $ 40 1-4 family - closed-end 2,078 2,077 51 2,141 104 Equity lines 2,875 2,875 233 2,989 98 Multi-family residential 334 334 16 343 23 Commercial real estate- owner occupied 6,076 6,076 54 6,135 226 Total real estate 11,908 11,907 525 12,173 491 Agricultural 250 250 250 250 — Commercial and industrial 945 935 202 1,152 6 Consumer loans 235 197 19 221 16 Subtotal 13,338 13,289 996 13,796 513 With no related allowance recorded Real estate: Other construction/land 114 — — 5 — 1-4 family - closed-end 942 922 — 960 — Equity lines 2,160 2,082 — 2,127 3 Commercial real estate- owner occupied 1,624 1,504 — 1,590 — Commercial real estate- non-owner occupied 582 582 — 617 — Farmland 442 442 — 446 — Total real estate 5,864 5,532 — 5,745 3 Commercial and industrial 189 159 — 165 — Consumer loans 5 — — 5 2 Subtotal 6,058 5,691 — 5,915 5 Total $ 19,396 $ 18,980 $ 996 $ 19,711 $ 518 (1) Contractual principal balance due from customer. (2) Principal balance on Company’s books, less any direct charge offs. (3) Interest income is recognized on performing balances on a regular accrual basis. The specific loss allowance for an impaired loan generally represents the difference between the book value of the loan and either the fair value of underlying collateral less estimated disposition costs, or the loan’s net present value as determined by a discounted cash flow analysis. The discounted cash flow approach is typically used to measure impairment on loans for which it is anticipated that repayment will be provided from cash flows other than those generated solely by the disposition or operation of underlying collateral. However, historical loss rates may be used by the Company to determine a specific loss allowance if those rates indicate a higher potential reserve need than the discounted cash flow analysis. Any change in impairment attributable to the passage of time is accommodated by adjusting the loss allowance accordingly. For loans where repayment is expected to be provided by the disposition or operation of the underlying collateral, impairment is measured using the fair value of the collateral. If the collateral value, net of the expected costs of disposition, is less than the loan balance, then a specific loss reserve is established for the shortfall in collateral coverage. If the discounted collateral value is greater than or equal to the loan balance, no specific loss reserve is required. At the time a collateral-dependent loan is designated as nonperforming, a new appraisal is ordered and typically received within 30 to 60 days if a recent appraisal is not already available. We use external appraisals to determine the fair value of the underlying collateral for nonperforming real estate loans. Until an updated appraisal is received, the Company uses the existing appraisal to determine the amount of the specific loss allowance that may be required. The specific loss allowance is adjusted, as necessary, once a new appraisal is received. Updated appraisals are generally ordered at least annually for collateral-dependent loans that remain impaired, and current appraisals were available or in process for 71% of the Company’s impaired real estate loan balances at September 30, 2021. Furthermore, the Company analyzes collateral-dependent loans on at least a quarterly basis, to determine if any portion of the recorded investment in such loans can be identified as uncollectible and would therefore constitute a confirmed loss. All amounts deemed to be uncollectible are promptly charged off against the Company’s allowance for loan and lease losses, with the loan then carried at the fair value of the collateral, as appraised, less estimated costs of disposition if applicable. Once a charge-off or write-down is recorded, it will not be restored to the loan balance on the Company’s accounting books. Our methodology also provides for the establishment of a “general” allowance for probable incurred losses inherent in loans and leases that are not impaired. Unimpaired loan balances are segregated by credit quality, and are then evaluated in pools with common characteristics. At the present time, pools are based on the same segmentation of loan types presented in our regulatory filings. While this methodology utilizes historical loss data and other measurable information, the credit classification of loans and the establishment of the allowance for loan and lease losses are both to some extent based on Management’s judgment and experience. Our methodology incorporates a variety of risk considerations, both quantitative and qualitative, in establishing an allowance for loan and lease losses that Management believes is appropriate at each reporting date. Quantitative information includes our historical loss experience, delinquency and charge-off trends, and current collateral values. Qualitative factors include the general economic environment in our markets and, in particular, the condition of the agricultural industry and other key industries. Lending policies and procedures (including underwriting standards), the experience and abilities of lending staff, the quality of loan review, credit concentrations (by geography, loan type, industry and collateral type), the rate of loan portfolio growth, and changes in legal or regulatory requirements are additional factors that are considered. The total general reserve established for probable incurred losses on unimpaired loans was $14.6 million at September 30, 2021. There were no material changes to the methodology used to determine our allowance for loan and lease losses during the three months ended September 30, 2021, although as outlined in Note 3 to the consolidated financial statements we will substantially update our methodology upon the implementation of the CECL accounting method under Financial Accounting Standards Board (FASB) Accounting Standards Update ASU 2016-13 and related amendments, Financial Instruments – Credit Losses (Topic 326) The tables that follow detail the activity in the allowance for loan and lease losses for the periods noted: Allowance for Credit Losses and Recorded Investment in Financing Receivables (dollars in thousands, unaudited) Three months ended September 30, 2021 Real Estate Agricultural Commercial and (1) Consumer Unallocated Total Allowance for credit losses: Beginning balance $ 12,075 $ 524 $ 3,072 $ 690 $ 60 $ 16,421 Charge-offs — — (52) (274) — (326) Recoveries (59) — 11 170 — 122 (Benefit) provision 261 1 (930) (1) 69 (600) Ending balance $ 12,277 $ 525 $ 2,101 $ 585 $ 129 $ 15,617 Nine months ended September 30, 2021 Real Estate Agricultural Commercial and (1) Consumer Unallocated Total Allowance for credit losses: Beginning balance $ 11,766 $ 482 $ 4,721 $ 720 $ 49 $ 17,738 Charge-offs (245) (50) (129) (606) — (1,030) Recoveries 590 — 203 566 — 1,359 (Benefit) provision 166 93 (2,694) (95) 80 (2,450) Ending balance $ 12,277 $ 525 $ 2,101 $ 585 $ 129 $ 15,617 Reserves: Specific $ 419 $ 244 $ 382 $ 16 $ — $ 1,061 General 11,858 281 1,719 569 129 14,556 Ending balance $ 12,277 $ 525 $ 2,101 $ 585 $ 129 $ 15,617 Loans evaluated for impairment: Individually $ 10,150 $ 471 $ 1,512 $ 163 $ — $ 12,296 Collectively 1,822,774 42,825 257,266 4,665 — 2,127,530 Ending balance $ 1,832,924 $ 43,296 $ 258,778 $ 4,828 $ — $ 2,139,826 Year ended December 31, 2020 Real Estate Agricultural Commercial and (1) Consumer Unallocated Total Allowance for credit losses: Beginning balance $ 5,635 193 2,685 1,278 132 $ 9,923 Charge-offs — — (436) (1,397) — (1,833) Recoveries 87 — 129 882 — 1,098 Provision (benefit) 6,044 289 2,343 (43) (83) 8,550 Ending balance $ 11,766 $ 482 $ 4,721 $ 720 $ 49 $ 17,738 Reserves: Specific $ 525 $ 250 $ 202 $ 19 $ — $ 996 General 11,241 232 4,519 701 49 16,742 Ending balance $ 11,766 $ 482 $ 4,721 $ 720 $ 49 $ 17,738 Loans evaluated for impairment: Individually $ 17,439 $ 250 $ 1,094 $ 197 $ — $ 18,980 Collectively 1,878,484 44,622 515,633 5,392 — 2,444,131 Ending balance $ 1,895,923 $ 44,872 $ 516,727 $ 5,589 $ — $ 2,463,111 (1) Includes mortgage warehouse lines. Allowance for Credit Losses and Recorded Investment in Financing Receivables (dollars in thousands, unaudited) Nine months ended September 30, 2020 Real Estate Agricultural Commercial and (1) Consumer Unallocated Total Allowance for credit losses: Beginning balance $ 5,635 $ 193 $ 2,685 $ 1,278 $ 132 $ 9,923 Charge-offs — — (419) (1,137) — (1,556) Recoveries 78 — 83 708 — 869 Provision (benefit) 5,047 283 1,133 (2) (111) 6,350 Ending balance $ 10,760 $ 476 $ 3,482 $ 847 $ 21 $ 15,586 Reserves: Specific $ 552 $ 250 $ 344 $ 88 $ — $ 1,234 General 10,208 226 3,138 759 21 14,352 Ending balance $ 10,760 $ 476 $ 3,482 $ 847 $ 21 $ 15,586 Loans evaluated for impairment: Individually $ 13,150 $ 250 $ 1,239 $ 255 $ — $ 14,894 Collectively 1,810,731 45,532 503,501 5,642 — 2,365,406 Ending balance $ 1,823,881 $ 45,782 $ 504,740 $ 5,897 $ — $ 2,380,300 (1) Includes mortgage warehouse lines. |
Long-Term Debt
Long-Term Debt | 9 Months Ended |
Sep. 30, 2021 | |
Debt Disclosure [Abstract] | |
Long-Term Debt | Note 12 – Long-Term Debt Long-Term Debt (dollars in thousands, unaudited) September 30, 2021 December 31, 2020 Unamortized Unamortized Debt Issuance Debt Issuance Principal Costs Principal Costs Fixed - floating rate subordinated debentures, due 2031 (1) $ 50,000 $ (779) $ — $ — Total long-term debt $ 50,000 $ (779) $ — $ — (1) 3.25% fixed rate for five years, then floating rate beginning October 1, 2026 at 253.5 basis points over 3-month term SOFR adjusted quarterly . |
Revenue Recognition
Revenue Recognition | 9 Months Ended |
Sep. 30, 2021 | |
Revenue from Contract with Customer [Abstract] | |
Revenue Recognition | Note 13 – Revenue Recognition The Company utilizes the guidance found in ASU 2014-09, Revenue from Contracts with Customers (ASC 606), when accounting for certain noninterest income. The core principle of this guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Sufficient information should be provided to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company’s revenue streams that are within the scope of and accounted for under Topic 606 include service charges on deposit accounts, debit card interchange fees, and fees levied for other services the Company provides its customers. The guidance does not apply to revenue associated with financial instruments such as loans and investments, and other noninterest income such as loan servicing fees and earnings on bank-owned life insurance, which are accounted for on an accrual basis under other provisions of GAAP. All of the Company’s revenue from contracts within the scope of ASC 606 is recognized as noninterest income, except for gains on the sale of OREO which is classified as noninterest expense. The following table presents the Company’s sources of noninterest income for the three- and nine-month periods ended September 30, 2021 and 2020. Items outside the scope of ASC 606 are noted as such (dollars in thousands, unaudited). For the three months ended September 30, For the nine months ended September 30, 2021 2020 2021 2020 Noninterest income Service charges on deposits Returned item and overdraft fees $ 1,307 $ 1,160 $ 3,561 $ 3,785 Other service charges on deposits 1,879 1,790 5,116 4,967 Debit card interchange income 2,192 1,828 6,321 5,183 Loss on limited partnerships (1) (144) (716) (391) (1,031) Dividends on equity investments (1) 187 190 543 524 Unrealized gains recognized on equity investments (1) — — 857 447 Net gains on sale of securities (1) 11 — 11 390 Other (1) 2,103 2,853 4,959 5,847 Total noninterest income $ 7,535 $ 7,105 $ 20,977 $ 20,112 Noninterest expense Salaries and employee benefits (1) $ 10,618 $ 9,698 $ 32,194 $ 29,136 Occupancy expense (1) 2,359 2,559 7,472 7,390 (Gain) loss on sale of OREO (26) (12) (141) (10) Other (1) 7,924 7,058 21,856 18,640 Total noninterest expense $ 20,875 $ 19,303 $ 61,381 $ 55,156 Percentage of noninterest revenue not within scope of ASC 606. 28.63% 32.75% 28.50% 30.71% (1) Not within scope of ASC 606. Revenue streams are not related to contract with customers and are accounted for on an accrual basis under other provisions of GAAP. With regard to noninterest income associated with customer contracts, the Company has determined that transaction prices are fixed, and performance obligations are satisfied as services are rendered, thus there is little or no judgment involved in the timing of revenue recognition under contracts that are within the scope of ASC 606. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 14 – Subsequent Events On October 21, 2021 the Board approved the 2021 Share Repurchase Plan which authorizes 1,000,000 shares of common stock for repurchase. In conjunction with this action, the Board terminated the current Share Repurchase Plan which authorized 500,000 shares of common stock for repurchase. There were shares remaining for repurchase under the current Share Repurchase Plan. Those remaining shares were rolled into the 2021 Share Repurchase Plan, which are included in the |
Share Based Compensation (Table
Share Based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Schedule of Share-based Compensation, Restricted Stock, Activity | Nine months ended September 30, 2021 2020 Shares Weighted Average Grant-Date Fair Value Shares Weighted Average Grant-Date Fair Value Unvested shares, January 1, 148,885 $ 18.00 — $ — Granted 18,180 25.30 148,885 18.00 Vested (39,449) 18.00 — — Forfeited (17,777) 18.00 — — Unvested shares September 30, 109,839 $ 19.21 148,885 $ — |
Schedule of Share-based Compensation, Stock Options, Activity | The Company’s stock option activity during the nine months ended September 30, 2021 and 2020 are summarized below (dollars in thousands, except per share data, unaudited): Nine months ended September 30, 2021 2020 Shares Weighted Average Weighted Average Remaining Contractual Term (in years) Aggregate (1) Shares Weighted Average Weighted Average Remaining Contractual Term (in years) Aggregate (1) Outstanding at January 1, 495,489 $ 23.67 $ 1,340 457,959 $ 21.08 $ 3,684 Granted — $ — $ — 126,000 $ 27.11 $ — Exercised (7,480) $ 12.59 $ 91 (19,770) $ 10.87 $ 267 Canceled (39,719) $ 26.93 $ 1 (16,400) $ 26.93 $ — Outstanding at September 30, 448,290 $ 23.57 5.92 $ 1,302 547,789 $ 22.66 6.47 $ 612 Exercisable at September 30, 384,690 $ 22.97 5.58 $ 1,302 373,189 $ 20.68 5.31 $ 612 (1) The aggregate intrinsic value of stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on September 30, 2021. This amount changes based on changes in the market value of the Company's stock. |
Commitments and Contingent Li_2
Commitments and Contingent Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Commitments and Contingent Liabilities [Abstract] | |
Schedule of Financial Instruments | The following financial instruments represent off-balance-sheet credit risk (dollars in thousands): September 30, 2021 December 31, 2020 Commitments to extend credit $ 532,891 $ 441,816 Standby letters of credit $ 7,151 $ 8,104 |
Fair Value Disclosures and Re_2
Fair Value Disclosures and Reporting, the Fair Value Option and Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Fair Value Disclosures [Abstract] | |
Schedule of carrying amount and estimated fair values of financial instruments | Estimated fair values for the Company’s financial instruments are as follows, as of the dates noted: Fair Value of Financial Instruments (dollars in thousands, unaudited) September 30, 2021 Fair Value Measurements Carrying Quoted Prices in Significant Significant Total Financial assets: Cash and cash equivalents $ 422,350 $ 422,350 $ — $ — $ 422,350 Investment securities available for sale 732,312 — 732,312 — 732,312 Loans and leases, net held for investment 2,121,337 — — 2,103,993 2,103,993 Collateral dependent impaired loans 260 — 260 114 374 Financial liabilities: Deposits 2,820,646 1,111,411 1,708,701 — 2,820,112 Repurchase agreements 92,553 — 92,553 — 92,553 Long-term debt 49,221 — 49,782 — 49,782 Subordinated debentures 35,258 — 33,929 — 33,929 December 31, 2020 Fair Value Measurements Carrying Quoted Prices in Significant Significant Total Financial assets: Cash and cash equivalents $ 71,417 $ 71,417 $ — $ — $ 71,417 Investment securities available for sale 543,974 — 543,974 — 543,974 Loans and leases, net held for investment 2,441,676 — — 2,450,340 2,450,340 Collateral dependent impaired loans 550 — 550 — 550 Financial liabilities: Deposits 2,624,606 943,664 1,680,814 — 2,624,478 Repurchase agreements 39,138 — 39,138 — 39,138 Short term borrowings 142,900 — 142,896 — 142,896 Subordinated debentures 35,124 — 24,364 — 24,364 |
Schedule of assets reported at fair value on a recurring basis | Assets reported at fair value on a recurring basis are summarized below: Fair Value Measurements – Recurring (dollars in thousands, unaudited) Fair Value Measurements at September 30, 2021, using Quoted Prices in Significant Significant Total Realized Securities: U.S. government agencies $ — $ 1,693 $ — $ 1,693 $ — Mortgage-backed securities — 327,645 — 327,645 — State and political subdivisions — 292,079 — 292,079 — Corporate bonds — 16,307 — 16,307 — Collateralized loan obligations — 94,588 — 94,588 — Total available-for-sale securities $ — $ 732,312 $ — $ 732,312 $ — Fair Value Measurements at December 31, 2020, using Quoted Prices in Significant Significant Total Realized Securities: U.S. government agencies $ — $ 1,800 $ — $ 1,800 $ — Mortgage-backed securities — 314,435 — 314,435 — State and political subdivisions — 227,739 — 227,739 — Total available-for-sale securities $ — $ 543,974 $ — $ 543,974 $ — |
Schedule of assets reported at fair value on a nonrecurring basis | Assets reported at fair value on a nonrecurring basis are summarized below: Fair Value Measurements – Nonrecurring (dollars in thousands, unaudited) Fair Value Measurements at September 30, 2021, using Quoted Prices in Significant Significant Total Impaired loans Real estate: 1-4 family residential construction $ — $ — $ — $ — Other construction/land — — — — 1-4 family - closed-end — — — — Equity lines — 196 — 196 Multi-family residential — — — — Commercial real estate - owner occupied — 64 — 64 Commercial real estate - non-owner occupied — — — — Farmland — — — — Total real estate — 260 — 260 Agricultural — — — — Commercial and industrial — — 114 114 Consumer loans — — — — Total impaired loans $ — $ 260 $ 114 $ 374 Foreclosed assets $ — $ 93 $ — $ 93 Total assets measured on a nonrecurring basis $ — $ 353 $ 114 $ 467 Fair Value Measurements at December 31, 2020, using Quoted Prices in Significant Significant Total Impaired loans Real estate: 1-4 family residential construction $ — $ — $ — $ — Other construction/land — — — — 1-4 family - closed-end — — — — Equity lines — 295 — 295 Multi-family residential — — — — Commercial real estate - owner occupied — 78 — 78 Commercial real estate - non-owner occupied — — — — Farmland — — — — Total real estate — 373 — 373 Agricultural — — — — Commercial and industrial — 177 — 177 Consumer loans — — — — Total impaired loans $ — $ 550 $ — $ 550 Foreclosed assets $ — $ 971 $ — $ 971 Total assets measured on a nonrecurring basis $ — $ 1,521 $ — $ 1,521 |
Investments (Tables)
Investments (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Cost and Estimated Fair Value of Available-For-Sale Investment Securities | The amortized cost and estimated fair value of available-for-sale investment securities are as follows: Amortized Cost And Estimated Fair Value (dollars in thousands, unaudited) September 30, 2021 Amortized Gross Gross Estimated Fair U.S. government agencies $ 1,644 $ 49 $ — $ 1,693 Mortgage-backed securities 320,919 7,236 (510) 327,645 State and political subdivisions 277,690 14,597 (208) 292,079 Corporate bonds 16,195 133 (21) 16,307 Collateralized loan obligations 94,591 — (3) 94,588 Total securities $ 711,039 $ 22,015 $ (742) $ 732,312 December 31, 2020 Amortized Gross Gross Estimated Fair U.S. government agencies $ 1,725 $ 75 $ — $ 1,800 Mortgage-backed securities 304,108 10,389 (62) 314,435 State and political subdivisions 212,011 15,728 — 227,739 Total securities $ 517,844 $ 26,192 $ (62) $ 543,974 |
Information Pertaining to Investment Securities Aggregated by Investment Category and Length of Time that Individual Securities in a Continuous Loss Position | Investment Portfolio - Unrealized Losses (dollars in thousands, unaudited) September 30, 2021 Less than twelve months Twelve months or more Gross Fair Value Gross Fair Value U.S. government agencies $ — $ — $ — $ — Mortgage-backed securities (387) 72,050 (123) 2,869 State and political subdivisions (208) 28,844 — — Corporate bonds (21) 1,255 — — Collateralized loan obligations (3) 8,297 — — Total $ (619) $ 110,446 $ (123) $ 2,869 December 31, 2020 Less than twelve months Twelve months or more Gross Fair Value Gross Fair Value U.S. government agencies $ — $ — $ — $ — Mortgage-backed securities (62) 4,286 — — State and political subdivisions — — — — Corporate bonds — — — — Collateralized loan obligations — — — — Total $ (62) $ 4,286 $ — $ — |
Realized Gain (Loss) on Investments | The table below summarizes the Company’s gross realized gains and losses as well as gross proceeds from the sales of securities, for the periods indicated: Investment Portfolio - Realized Gains/(Losses) (dollars in thousands, unaudited) Three months ended September 30, Nine months ended September 30, 2021 2020 2021 2020 Proceeds from sales, calls and maturities of securities available for sale $ 1,948 $ 3,390 $ 5,948 $ 29,883 Gross gains on sales, calls and maturities of securities available for sale 11 — 11 433 Gross losses on sales, calls and maturities of securities available for sale — — — (43) Net gains on sale of securities available for sale $ $11 $ — $ 11 $ 390 |
Investments Classified by Contractual Maturity Date | Estimated Fair Value of Contractual Maturities (dollars in thousands, unaudited) September 30, 2021 Amortized Cost Fair Value Maturing within one year $ 5,954 $ 6,021 Maturing after one year through five years 21,474 21,786 Maturing after five years through ten years 30,722 32,313 Maturing after ten years 237,380 249,959 Securities not due at a single maturity date: Mortgage-backed securities 185,372 189,427 Collateralized mortgage obligations 135,546 138,218 Collateralized loan obligations 94,591 94,588 $ 711,039 $ 732,312 December 31, 2020 Amortized Cost Fair Value Maturing within one year $ 3,812 $ 3,857 Maturing after one year through five years 9,475 9,732 Maturing after five years through ten years 27,250 28,745 Maturing after ten years 173,199 187,205 Securities not due at a single maturity date: Mortgage-backed securities 157,201 163,029 Collateralized mortgage obligations 146,907 151,406 $ 517,844 $ 543,974 |
Summary of Amortized Cost and Fair Values of General Obligation and Revenue Bonds | The following table summarizes the amortized cost and fair values of general obligation and revenue bonds in the Company’s investment securities portfolio at the indicated dates, identifying the state in which the issuing municipality or agency operates for our largest geographic concentrations: Revenue and General Obligation Bonds by Location (dollars in thousands, unaudited) September 30, 2021 December 31, 2020 Amortized Fair Market Amortized Fair Market General obligation bonds Cost Value Cost Value State of issuance Texas $ 101,560 $ 106,865 $ 76,794 $ 82,888 California 47,884 49,793 31,122 33,100 Washington 24,029 26,011 22,896 25,072 Other (29 & 29 states, respectively) 66,515 69,853 51,827 55,352 Total general obligation bonds 239,988 252,522 182,639 196,412 Revenue bonds State of issuance Texas 6,970 7,441 7,023 7,516 Washington 3,353 3,491 2,249 2,406 California 1,335 1,358 363 379 Other (32 & 32 states, respectively) 26,044 27,267 19,737 21,026 Total revenue bonds 37,702 39,557 29,372 31,327 Total obligations of states and political subdivisions $ 277,690 $ 292,079 $ 212,011 $ 227,739 The revenue bonds in the Company’s investment securities portfolios were issued by government municipalities and agencies to fund public services such as utilities (water, sewer, and power), educational facilities, and general public and economic improvements. The primary sources of revenue for these bonds are delineated in the table below, which shows the amortized cost and fair market values for the largest revenue concentrations as of the indicated dates. Revenue Bonds by Type (dollars in thousands, unaudited) September 30, 2021 December 31, 2020 Amortized Fair Market Amortized Fair Market Revenue bonds Cost Value Cost Value Revenue source: Water $ 13,551 $ 14,109 $ 12,609 $ 13,526 Sewer 5,390 5,667 4,584 4,891 Lease 4,613 4,871 2,707 2,773 Sales tax 4,100 4,203 3,083 3,308 Other (10 and 8 sources, respectively) 10,047 10,707 6,389 6,829 Total revenue bonds $ 37,702 $ 39,557 $ 29,372 $ 31,327 |
Credit Quality and Nonperform_2
Credit Quality and Nonperforming Assets (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Credit Quality and Nonperforming Assets [Abstract] | |
Credit Quality Classifications for Loan Balances | Credit quality classifications for the Company’s loan balances were as follows, as of the dates indicated: Credit Quality Classifications (dollars in thousands, unaudited) September 30, 2021 Pass Special Substandard Impaired Total Real estate: 1-4 family residential construction $ 33,204 $ 1,516 $ — $ — $ 34,720 Other construction/land 25,139 — — 373 25,512 1-4 family - closed end 213,453 3,348 840 2,599 220,240 Equity lines 25,183 2,242 56 3,860 31,341 Multi-family residential 52,123 3,505 — — 55,628 Commercial real estate - owner occupied 329,776 8,913 3,908 2,519 345,116 Commercial real estate - non-owner occupied 949,741 26,681 19,119 380 995,921 Farmland 111,929 7,853 4,245 419 124,446 Total real estate 1,740,548 54,058 28,168 10,150 1,832,924 Agricultural 41,377 — 1,448 471 43,296 Commercial and industrial 120,857 9,697 226 1,512 132,292 Mortgage warehouse 126,486 — — — 126,486 Consumer loans 4,561 35 69 163 4,828 Total gross loans and leases $ 2,033,829 $ 63,790 $ 29,911 $ 12,296 $ 2,139,826 December 31, 2020 Pass Special Substandard Impaired Total Real estate: 1-4 family residential construction $ 40,044 $ 8,521 $ — $ — $ 48,565 Other construction/land 61,809 7,478 2,148 545 71,980 1-4 family - closed end 130,559 4,922 1,356 2,999 139,836 Equity lines 30,479 2,581 58 4,957 38,075 Multi-family residential 57,934 3,597 — 334 61,865 Commercial real estate - owner occupied 308,819 21,148 5,652 7,580 343,199 Commercial real estate - non-owner occupied 1,026,041 10,827 25,048 582 1,062,498 Farmland 104,826 21,468 3,169 442 129,905 Total real estate 1,760,511 80,542 37,431 17,439 1,895,923 Agricultural 39,391 3,617 1,614 250 44,872 Commercial and industrial 194,876 11,819 1,259 1,094 209,048 Mortgage warehouse 307,679 — — — 307,679 Consumer loans 5,323 58 11 197 5,589 Total gross loans and leases $ 2,307,780 $ 96,036 $ 40,315 $ 18,980 $ 2,463,111 |
Aging of Loan Balances by Number of Days Past Due | September 30, 2021 30-59 Days 60-89 Days 90 Days Or (1) Total Current Total Financing Non-Accrual (2) Real estate: 1-4 family residential construction $ — $ — $ — $ — $ 34,720 $ 34,720 $ — Other construction/land — — — — 25,512 25,512 — 1-4 family - closed end 379 — — 379 219,861 220,240 1,418 Equity lines — — — — 31,341 31,341 1,962 Multi-family residential — — — — 55,628 55,628 — Commercial real estate - owner occupied 698 99 — 797 344,319 345,116 1,251 Commercial real estate - non-owner occupied — — — — 995,921 995,921 — Farmland — — — — 124,446 124,446 419 Total real estate 1,077 99 — 1,176 1,831,748 1,832,924 5,050 Agricultural — — 305 305 42,991 43,296 471 Commercial and industrial 206 1 488 695 131,597 132,292 1,245 Mortgage warehouse lines — — — — 126,486 126,486 — Consumer 10 65 3 78 4,750 4,828 22 Total gross loans and leases $ 1,293 $ 165 $ 796 $ 2,254 $ 2,137,572 $ 2,139,826 $ 6,788 (1) As of September 30, 2021, there were no loans over 90 days past due and still accruing. (2) Included in total financing receivables Loan Portfolio Aging (dollars in thousands, unaudited) December 31, 2020 30-59 Days 60-89 Days 90 Days Or (1) Total Current Total Financing Non-Accrual (2) Real estate: 1-4 family residential construction $ — $ — $ — $ — $ 48,565 $ 48,565 $ — Other construction/land — — — — 71,980 71,980 — 1-4 family - closed end 210 37 150 397 139,439 139,836 1,193 Equity lines 1,409 — 551 1,960 36,115 38,075 2,403 Multi-family residential — — — — 61,865 61,865 — Commercial real estate - owner occupied 101 1,187 78 1,366 341,833 343,199 1,678 Commercial real estate - non-owner occupied — — 152 152 1,062,346 1,062,498 582 Farmland — 211 442 653 129,252 129,905 442 Total real estate 1,720 1,435 1,373 4,528 1,891,395 1,895,923 6,298 Agricultural — — 250 250 44,622 44,872 250 Commercial and industrial 325 — 237 562 208,486 209,048 1,026 Mortgage warehouse lines — — — — 307,679 307,679 — Consumer 38 — — 38 5,551 5,589 24 Total gross loans and leases $ 2,083 $ 1,435 $ 1,860 $ 5,378 $ 2,457,733 $ 2,463,111 $ 7,598 (1) As of December 31, 2020, there were no loans over 90 days past due and still accruing. (2) Included in total financing receivables |
Troubled Debt Restructurings, by Type of Loan Modification | Troubled Debt Restructurings, by Type of Loan Modification (dollars in thousands, unaudited) Three months ended September 30, 2021 Rate Modification Term Interest Only Modification Rate & Term Modification Term & Interest Modification Total Real estate: Other construction/land $ — $ — $ — $ — $ — $ — 1-4 family - closed-end — — — — — — Equity lines — 1,000 — — — 1,000 Multi-family residential — — — — — — Commercial real estate - owner occupied — — — — — — Farmland — — — — — — Total real estate loans — 1,000 — — — 1,000 Agricultural — — — — — — Commercial and industrial — — — — — — Consumer loans — — — — — — Total $ — $ 1,000 $ — $ — $ — $ 1,000 Three months ended September 30, 2020 Rate Modification Term Interest Only Rate & Term Modification Term & Interest Modification Total Real estate: Other construction/land $ — $ — $ — $ — $ — $ — 1-4 family - closed-end — — — — — — Equity lines — — — — — — Multi-family residential — — — — — — Commercial real estate - owner occupied — 569 — — — 569 Farmland — — — — — — Total real estate loans — 569 — — — 569 Agricultural — — — — — — Commercial and industrial — 17 — — — 17 Consumer loans — — — — — — Total $ — $ 586 $ — $ — $ — $ 586 Troubled Debt Restructurings, by Type of Loan Modification (dollars in thousands, unaudited) Nine months ended September 30, 2021 Rate Modification Term Interest Only Modification Rate & Term Modification Term & Interest Modification Total Real estate: $ Other construction/land $ — $ — $ — $ — $ — — 1-4 family - closed-end — — — — — — Equity lines — 1,000 — 83 — 1,083 Multi-family residential — — — — — — Commercial real estate - owner occupied — 136 — — — 136 Farmland — — — — — — Total real estate loans — 1,136 — 83 — 1,219 Agricultural — 118 — — 118 Commercial and industrial — 185 — — — 185 Consumer loans — 41 — — — 41 Total $ — $ 1,480 $ — $ 83 $ — $ 1,563 Nine months ended September 30, 2020 Rate Modification Term Interest Only Modification Rate & Term Modification Term & Interest Modification Total Real estate: Other construction/land $ — $ 85 $ — $ — $ — $ 85 1-4 family - closed-end — 1,325 — — — 1,325 Equity lines — — — — — — Multi-family residential — — — — — — Commercial real estate - owner occupied — 747 — — 338 1,085 Farmland — — — — — — Total real estate loans — 2,157 — — 338 2,495 Agricultural — — — — — Commercial and industrial — 45 — — — 45 Consumer loans — — — — — — Total $ — $ 2,202 $ — $ — $ 338 $ 2,540 Troubled Debt Restructurings (dollars in thousands, unaudited) Three months ended September 30, 2021 Pre- Post- Number of Outstanding Outstanding Reserve ⁽ ¹ ⁾ Reserve Real estate: Other construction/land 0 $ — $ — $ — $ — 1-4 family - closed-end 0 — — — — Equity lines 1 1,000 1,000 — — Multi-family residential 0 — — — — Commercial real estate - owner occupied 0 — — — — Farmland 0 — — — — Total real estate loans 1,000 1,000 — — Agricultural 0 — — — — Commercial and industrial 0 — — — — Consumer loans 0 — — — — Total $ 1,000 $ 1,000 $ — $ — (1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology. Three months ended September 30, 2020 Pre- Post- Number of Outstanding Outstanding Reserve ⁽ ¹ ⁾ Reserve Real estate: Other construction/land 0 $ — $ — $ — $ — 1-4 family - closed-end 0 — — — — Equity lines 0 — — — — Multi-family residential 0 — — — — Commercial real estate - owner occupied 1 569 569 — 5 Farmland 0 — — — — Total real estate loans 569 569 — 5 Agricultural 0 — — — — Commercial and industrial 1 17 17 — 1 Consumer loans 0 — — — — Total $ 586 $ 586 $ — $ 6 (1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology. Troubled Debt Restructurings (dollars in thousands, unaudited) Nine months ended September 30, 2021 Pre- Post- Number of Outstanding Outstanding Reserve ⁽ ¹ ⁾ Reserve Real estate: Other construction/land 0 $ — $ — $ — $ — 1-4 family - closed-end 0 — — — — Equity lines 2 1,083 1,083 — 1 Multi-family residential 0 — — — — Commercial real estate - owner occupied 1 137 136 (1) — Farmland 0 — — — — Total real estate loans 1,220 1,219 (1) 1 Agricultural 1 118 118 116 — Commercial and industrial 1 185 185 (1) 47 Consumer loans 1 41 41 — — Total $ 1,564 $ 1,563 $ 114 $ 48 (1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology. Nine months ended September 30, 2020 Pre- Post- Number of Outstanding Outstanding Reserve ⁽ ¹ ⁾ Reserve Real estate: Other construction/land 1 $ 86 $ 85 $ 40 $ 41 1-4 family - closed-end 1 1,325 1,325 10 — Equity lines 0 — — — — Multi-family residential 0 — — — — Commercial real estate - owner occupied 3 1,085 1,085 8 6 Farmland 0 — — — — Total real estate loans 2,496 2,495 58 47 Agricultural 0 — — — — Commercial and industrial 2 45 45 2 2 Consumer loans 0 — — — — Total $ 2,541 $ 2,540 $ 60 $ 49 (1) This represents the change in the ALLL reserve for these credits measured as the difference between the specific post-modification impairment reserve and the pre-modification reserve calculated under our general allowance for loan loss methodology. |
Schedule of Debtor Troubled Debt Restructuring, Subsequent Periods | Purchased Credit Impaired Loans: (dollars in thousands, unaudited) September 30, 2021 Unpaid Principal Balance Carrying Value Real estate secured $ 63 $ 63 Total purchased credit impaired loans $ 63 $ 63 December 31, 2020 Unpaid Principal Balance Carrying Value Real estate secured $ 78 $ $78 Total purchased credit impaired loans $ 78 $ $78 |
Allowance for Loan and Lease _2
Allowance for Loan and Lease Losses (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Provision for Loan and Lease Losses [Abstract] | |
Impaired Financing Receivables | Impaired Loans (dollars in thousands, unaudited) September 30, 2021 Unpaid Principal (1) Recorded (2) Related Average Interest Income (3) With an allowance recorded Real estate: Other construction/land $ 373 $ 373 $ 90 $ 382 $ 52 1-4 family - closed-end 1,422 1,422 39 1,459 125 Equity lines 1,991 1,991 156 2,058 130 Commercial real estate- owner occupied 1,268 1,268 8 1,286 120 Commercial real estate- non-owner occupied 380 380 126 400 25 Total real estate 5,434 5,434 419 5,585 452 Agricultural 244 244 244 247 — Commercial and industrial 995 995 382 1,072 36 Consumer loans 163 163 16 177 28 Subtotal 6,836 6,836 1,061 7,081 516 With no related allowance recorded Real estate: 1-4 family - closed-end 1,190 1,177 — 1,244 — Equity lines 1,881 1,869 — 1,945 6 Commercial real estate- owner occupied 1,371 1,251 — 1,297 — Farmland 419 419 — 429 — Total real estate 4,861 4,716 — 4,915 6 Agricultural 227 227 — 275 — Commercial and industrial 517 517 — 619 2 Consumer loans 30 — — — 2 Subtotal 5,635 5,460 — 5,809 10 Total $ 12,471 $ 12,296 $ 1,061 $ 12,890 $ 526 (1) Contractual principal balance due from customer. (2) Principal balance on Company’s books, less any direct charge offs. (3) Interest income is recognized on performing balances on a regular accrual basis. Impaired Loans (dollars in thousands, unaudited) December 31, 2020 Unpaid Principal (1) Recorded (2) Related Average Interest Income (3) With an allowance recorded Real estate: Other construction/land $ 545 $ 545 $ 171 $ 565 $ 40 1-4 family - closed-end 2,078 2,077 51 2,141 104 Equity lines 2,875 2,875 233 2,989 98 Multi-family residential 334 334 16 343 23 Commercial real estate- owner occupied 6,076 6,076 54 6,135 226 Total real estate 11,908 11,907 525 12,173 491 Agricultural 250 250 250 250 — Commercial and industrial 945 935 202 1,152 6 Consumer loans 235 197 19 221 16 Subtotal 13,338 13,289 996 13,796 513 With no related allowance recorded Real estate: Other construction/land 114 — — 5 — 1-4 family - closed-end 942 922 — 960 — Equity lines 2,160 2,082 — 2,127 3 Commercial real estate- owner occupied 1,624 1,504 — 1,590 — Commercial real estate- non-owner occupied 582 582 — 617 — Farmland 442 442 — 446 — Total real estate 5,864 5,532 — 5,745 3 Commercial and industrial 189 159 — 165 — Consumer loans 5 — — 5 2 Subtotal 6,058 5,691 — 5,915 5 Total $ 19,396 $ 18,980 $ 996 $ 19,711 $ 518 (1) Contractual principal balance due from customer. (2) Principal balance on Company’s books, less any direct charge offs. (3) Interest income is recognized on performing balances on a regular accrual basis. |
Allowance for Credit Losses on Financing Receivables | Allowance for Credit Losses and Recorded Investment in Financing Receivables (dollars in thousands, unaudited) Three months ended September 30, 2021 Real Estate Agricultural Commercial and (1) Consumer Unallocated Total Allowance for credit losses: Beginning balance $ 12,075 $ 524 $ 3,072 $ 690 $ 60 $ 16,421 Charge-offs — — (52) (274) — (326) Recoveries (59) — 11 170 — 122 (Benefit) provision 261 1 (930) (1) 69 (600) Ending balance $ 12,277 $ 525 $ 2,101 $ 585 $ 129 $ 15,617 Nine months ended September 30, 2021 Real Estate Agricultural Commercial and (1) Consumer Unallocated Total Allowance for credit losses: Beginning balance $ 11,766 $ 482 $ 4,721 $ 720 $ 49 $ 17,738 Charge-offs (245) (50) (129) (606) — (1,030) Recoveries 590 — 203 566 — 1,359 (Benefit) provision 166 93 (2,694) (95) 80 (2,450) Ending balance $ 12,277 $ 525 $ 2,101 $ 585 $ 129 $ 15,617 Reserves: Specific $ 419 $ 244 $ 382 $ 16 $ — $ 1,061 General 11,858 281 1,719 569 129 14,556 Ending balance $ 12,277 $ 525 $ 2,101 $ 585 $ 129 $ 15,617 Loans evaluated for impairment: Individually $ 10,150 $ 471 $ 1,512 $ 163 $ — $ 12,296 Collectively 1,822,774 42,825 257,266 4,665 — 2,127,530 Ending balance $ 1,832,924 $ 43,296 $ 258,778 $ 4,828 $ — $ 2,139,826 Year ended December 31, 2020 Real Estate Agricultural Commercial and (1) Consumer Unallocated Total Allowance for credit losses: Beginning balance $ 5,635 193 2,685 1,278 132 $ 9,923 Charge-offs — — (436) (1,397) — (1,833) Recoveries 87 — 129 882 — 1,098 Provision (benefit) 6,044 289 2,343 (43) (83) 8,550 Ending balance $ 11,766 $ 482 $ 4,721 $ 720 $ 49 $ 17,738 Reserves: Specific $ 525 $ 250 $ 202 $ 19 $ — $ 996 General 11,241 232 4,519 701 49 16,742 Ending balance $ 11,766 $ 482 $ 4,721 $ 720 $ 49 $ 17,738 Loans evaluated for impairment: Individually $ 17,439 $ 250 $ 1,094 $ 197 $ — $ 18,980 Collectively 1,878,484 44,622 515,633 5,392 — 2,444,131 Ending balance $ 1,895,923 $ 44,872 $ 516,727 $ 5,589 $ — $ 2,463,111 (1) Includes mortgage warehouse lines. Allowance for Credit Losses and Recorded Investment in Financing Receivables (dollars in thousands, unaudited) Nine months ended September 30, 2020 Real Estate Agricultural Commercial and (1) Consumer Unallocated Total Allowance for credit losses: Beginning balance $ 5,635 $ 193 $ 2,685 $ 1,278 $ 132 $ 9,923 Charge-offs — — (419) (1,137) — (1,556) Recoveries 78 — 83 708 — 869 Provision (benefit) 5,047 283 1,133 (2) (111) 6,350 Ending balance $ 10,760 $ 476 $ 3,482 $ 847 $ 21 $ 15,586 Reserves: Specific $ 552 $ 250 $ 344 $ 88 $ — $ 1,234 General 10,208 226 3,138 759 21 14,352 Ending balance $ 10,760 $ 476 $ 3,482 $ 847 $ 21 $ 15,586 Loans evaluated for impairment: Individually $ 13,150 $ 250 $ 1,239 $ 255 $ — $ 14,894 Collectively 1,810,731 45,532 503,501 5,642 — 2,365,406 Ending balance $ 1,823,881 $ 45,782 $ 504,740 $ 5,897 $ — $ 2,380,300 (1) Includes mortgage warehouse lines. |
Long-Term Debt (Tables)
Long-Term Debt (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of Long-Term Debt | Long-Term Debt (dollars in thousands, unaudited) September 30, 2021 December 31, 2020 Unamortized Unamortized Debt Issuance Debt Issuance Principal Costs Principal Costs Fixed - floating rate subordinated debentures, due 2031 (1) $ 50,000 $ (779) $ — $ — Total long-term debt $ 50,000 $ (779) $ — $ — (1) 3.25% fixed rate for five years, then floating rate beginning October 1, 2026 at 253.5 basis points over 3-month term SOFR adjusted quarterly . |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Revenue from Contract with Customer [Abstract] | |
Schedule of Sources of Non-interest Income | For the three months ended September 30, For the nine months ended September 30, 2021 2020 2021 2020 Noninterest income Service charges on deposits Returned item and overdraft fees $ 1,307 $ 1,160 $ 3,561 $ 3,785 Other service charges on deposits 1,879 1,790 5,116 4,967 Debit card interchange income 2,192 1,828 6,321 5,183 Loss on limited partnerships (1) (144) (716) (391) (1,031) Dividends on equity investments (1) 187 190 543 524 Unrealized gains recognized on equity investments (1) — — 857 447 Net gains on sale of securities (1) 11 — 11 390 Other (1) 2,103 2,853 4,959 5,847 Total noninterest income $ 7,535 $ 7,105 $ 20,977 $ 20,112 Noninterest expense Salaries and employee benefits (1) $ 10,618 $ 9,698 $ 32,194 $ 29,136 Occupancy expense (1) 2,359 2,559 7,472 7,390 (Gain) loss on sale of OREO (26) (12) (141) (10) Other (1) 7,924 7,058 21,856 18,640 Total noninterest expense $ 20,875 $ 19,303 $ 61,381 $ 55,156 Percentage of noninterest revenue not within scope of ASC 606. 28.63% 32.75% 28.50% 30.71% (1) Not within scope of ASC 606. Revenue streams are not related to contract with customers and are accounted for on an accrual basis under other provisions of GAAP. |
The Business of Sierra Bancorp
The Business of Sierra Bancorp - Branches (Details) - store | 9 Months Ended | |
Sep. 30, 2021 | Jan. 31, 1978 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Number of branches | 1 | |
Number of acquired banks | 4 | |
Number of full service branch offices | 35 |
The Business of Sierra Bancor_2
The Business of Sierra Bancorp - Additional Information (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | Jan. 31, 1978 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Capital | $ 1,500 | ||
Assets | $ 3,442,739 | $ 3,220,742 | |
Cash, FDIC Insured Amount | $ 2,800,000 |
Current Accounting Developmen_2
Current Accounting Developments (Details) - ASU 2016-13 [Member] | 9 Months Ended |
Sep. 30, 2021 | |
New Accounting Pronouncements or Change in Accounting Principle | |
Change in Accounting Principle, Accounting Standards Update, Adopted | true |
Change in Accounting Principle, Accounting Standards Update, Adoption Date | Jan. 1, 2020 |
Change in Accounting Principle, Accounting Standards Update, Early Adoption | false |
Minimum [Member] | |
New Accounting Pronouncements or Change in Accounting Principle | |
Percentage of allowance for loan and lease losses | 50.00% |
Maximum [Member] | |
New Accounting Pronouncements or Change in Accounting Principle | |
Percentage of allowance for loan and lease losses | 75.00% |
Share Based Compensation - Gene
Share Based Compensation - General Information (Details) - shares | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Dec. 31, 2019 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 448,290 | 495,489 | 547,789 | 457,959 |
2007 Stock Option Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 193,609 | |||
2017 Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 254,681 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 850,000 | |||
Number of shares remained available for grant | 452,953 |
Share Based Compensation - Shar
Share Based Compensation - Share-based Compensation (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Share-based Payment Arrangement, Additional Disclosure [Abstract] | ||||
Pre-tax charge | $ 0.2 | $ 0.2 | $ 0.7 | $ 0.4 |
Share Based Compensation - Rest
Share Based Compensation - Restricted Stock - General Information (Details) - shares | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Restricted Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Granted (in shares) | 18,180 | 148,885 |
Share Based Compensation - Re_2
Share Based Compensation - Restricted Stock - Unamortized Compensation Cost (Details) - Restricted Stock [Member] $ in Millions | 9 Months Ended |
Sep. 30, 2021USD ($) | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized [Abstract] | |
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 2 |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 3 years 7 months 6 days |
Share Based Compensation - Re_3
Share Based Compensation - Restricted Stock - Activity (Details) - Restricted Stock [Member] - $ / shares | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ||
Nonvested shares (in shares) | 148,885 | |
Granted (in shares) | 18,180 | 148,885 |
Vested (in shares) | (39,449) | |
Forfeited (in shares) | (17,777) | |
Nonvested shares (in shares) | 109,839 | 148,885 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | ||
Nonvested shares (in dollars per share) | $ 18 | |
Granted (in dollars per share) | 25.30 | $ 18 |
Vested (in dollars per share) | 18 | |
Forfeited (in dollars per share) | 18 | |
Nonvested shares (in dollars per share) | $ 19.21 |
Shareholders' Equity - Stock Op
Shareholders' Equity - Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands | 9 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||||
Outstanding (in shares) | 495,489 | 457,959 | ||
Exercised (in shares) | (7,480) | (19,770) | ||
Granted (in shares) | 126,000 | |||
Canceled (in shares) | (39,719) | (16,400) | ||
Outstanding (in shares) | 448,290 | 547,789 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ||||
Outstanding (in dollars per share) | $ 23.67 | $ 21.08 | ||
Exercised (in dollars per share) | 12.59 | 10.87 | ||
Granted (in dollars per share) | 27.11 | |||
Expired (in dollars per share) | 26.93 | 26.93 | ||
Outstanding (in dollars per share) | $ 23.57 | $ 22.66 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | ||||
Weighted average remaining contractual term | 5 years 11 months 1 day | 6 years 5 months 19 days | ||
Aggregate intrinsic value | $ 1,302 | $ 612 | $ 1,340 | $ 3,684 |
Aggregate intrinsic value, exercised | 91 | $ 267 | ||
Aggregate intrinsic value, canceled | $ 1 | |||
Exercisable, shares (in shares) | 384,690 | 373,189 | ||
Exercisable, weighted average exercise price (in dollars per share) | $ 22.97 | $ 20.68 | ||
Exercisable, weighted average remaining contractual term | 5 years 6 months 29 days | 5 years 3 months 21 days | ||
Exercisable, aggregate intrinsic value | $ 1,302 | $ 612 |
Earnings per Share (Details)
Earnings per Share (Details) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Weighted Average Number of Shares Outstanding, Basic [Abstract] | ||||
Weighted average shares outstanding | 15,257,367 | 15,192,838 | 15,247,477 | 15,215,167 |
Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract] | ||||
Weighted Average Number Diluted Shares Outstanding Adjustment | 86,176 | 45,586 | 121,772 | 58,595 |
Earnings Per Share, Diluted, Other Disclosures [Abstract] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 327,346 | 362,407 | 339,546 | 344,814 |
Commitments and Contingent Li_3
Commitments and Contingent Liabilities - Off-Balance-Sheet Risk (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Commitments to Extend Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fair Value Disclosure Offbalance Sheet Risks Amount Asset | $ 532,891 | $ 441,816 |
Standby Letters of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fair Value Disclosure Offbalance Sheet Risks Amount Asset | $ 7,151 | $ 8,104 |
Commitments and Contingent Li_4
Commitments and Contingent Liabilities - Additional Information (Details) $ in Millions | Sep. 30, 2021USD ($) |
Commitments and Contingent Liabilities [Abstract] | |
Letters of Credit Outstanding, Amount | $ 105 |
Fair Value Disclosures and Re_3
Fair Value Disclosures and Reporting and Fair Value Measurements - Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Financial Assets: | ||
Investment securities available for sale | $ 732,312 | $ 543,974 |
Financial liabilities: | ||
Repurchase agreements | 92,553 | 39,138 |
Carrying Amount [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 422,350 | 71,417 |
Investment securities available for sale | 732,312 | 543,974 |
Loans and leases, net held for investment | 2,121,337 | 2,441,676 |
Collateral dependent impaired loans | 260 | 550 |
Financial liabilities: | ||
Deposits | 2,820,646 | 2,624,606 |
Repurchase agreements | 92,553 | 39,138 |
Long-term debt | 49,221 | |
Short term borrowings | 142,900 | |
Subordinated debentures | 35,258 | 35,124 |
Fair Value [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 422,350 | 71,417 |
Investment securities available for sale | 732,312 | 543,974 |
Loans and leases, net held for investment | 2,103,993 | 2,450,340 |
Collateral dependent impaired loans | 374 | 550 |
Financial liabilities: | ||
Deposits | 2,820,112 | 2,624,478 |
Repurchase agreements | 92,553 | 39,138 |
Long-term debt | 49,782 | |
Short term borrowings | 142,896 | |
Subordinated debentures | 33,929 | 24,364 |
Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 422,350 | 71,417 |
Investment securities available for sale | 0 | 0 |
Loans and leases, net held for investment | 0 | 0 |
Collateral dependent impaired loans | 0 | 0 |
Financial liabilities: | ||
Deposits | 1,111,411 | 943,664 |
Repurchase agreements | 0 | 0 |
Long-term debt | 0 | |
Short term borrowings | 0 | |
Subordinated debentures | 0 | 0 |
Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 0 | 0 |
Investment securities available for sale | 732,312 | 543,974 |
Loans and leases, net held for investment | 0 | 0 |
Collateral dependent impaired loans | 260 | 550 |
Financial liabilities: | ||
Deposits | 1,708,701 | 1,680,814 |
Repurchase agreements | 92,553 | 39,138 |
Long-term debt | 49,782 | |
Short term borrowings | 142,896 | |
Subordinated debentures | 33,929 | 24,364 |
Fair Value [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 0 | 0 |
Investment securities available for sale | 0 | 0 |
Loans and leases, net held for investment | 2,103,993 | 2,450,340 |
Collateral dependent impaired loans | 114 | 0 |
Financial liabilities: | ||
Deposits | 0 | 0 |
Repurchase agreements | 0 | 0 |
Long-term debt | 0 | |
Short term borrowings | 0 | |
Subordinated debentures | $ 0 | $ 0 |
Fair Value Disclosures and Re_4
Fair Value Disclosures and Reporting and Fair Value Measurements - Fair Value Measurements - Recurring (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | $ 732,312 | $ 543,974 |
U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 1,693 | 1,800 |
Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 327,645 | 314,435 |
States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 292,079 | 227,739 |
Corporate Bond [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 16,307 | |
Collateralized Loan Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 94,588 | |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 732,312 | 543,974 |
Other-than-temporary impairment gain/(loss) on equity securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 1,693 | 1,800 |
Other-than-temporary impairment gain/(loss) on equity securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 327,645 | 314,435 |
Other-than-temporary impairment gain/(loss) on equity securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 292,079 | 227,739 |
Other-than-temporary impairment gain/(loss) on equity securities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Corporate Bond [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 16,307 | |
Other-than-temporary impairment gain/(loss) on equity securities | 0 | |
Fair Value, Measurements, Recurring [Member] | Collateralized Loan Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 94,588 | |
Other-than-temporary impairment gain/(loss) on equity securities | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Bond [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Collateralized Loan Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 732,312 | 543,974 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 1,693 | 1,800 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 327,645 | 314,435 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 292,079 | 227,739 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Bond [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 16,307 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Collateralized Loan Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 94,588 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 0 | $ 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Bond [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateralized Loan Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | $ 0 |
Fair Value Disclosures and Re_5
Fair Value Disclosures and Reporting and Fair Value Measurements - Fair Value Measurements - Nonrecurring (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | $ 12,296 | $ 18,980 |
Foreclosed assets | 93 | 971 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 374 | 550 |
Foreclosed assets | 93 | 971 |
Total assets measured on a nonrecurring basis | 467 | 1,521 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 260 | 373 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 196 | 295 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 64 | 78 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 114 | 177 |
Fair Value, Measurements, Nonrecurring [Member] | Consumer Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Foreclosed assets | 0 | 0 |
Total assets measured on a nonrecurring basis | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Consumer Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 260 | 550 |
Foreclosed assets | 93 | 971 |
Total assets measured on a nonrecurring basis | 353 | 1,521 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 260 | 373 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 196 | 295 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 64 | 78 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 177 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Consumer Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 114 | 0 |
Foreclosed assets | 0 | 0 |
Total assets measured on a nonrecurring basis | 114 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 114 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Consumer Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | $ 0 | $ 0 |
Investments - Amortized Cost an
Investments - Amortized Cost and Estimated Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract] | ||
Amortized Cost | $ 711,039 | $ 517,844 |
Gross Unrealized Gains | 22,015 | 26,192 |
Gross Unrealized Losses | (742) | (62) |
Estimated Fair Value | 732,312 | 543,974 |
U.S. Government Agencies [Member] | ||
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract] | ||
Amortized Cost | 1,644 | 1,725 |
Gross Unrealized Gains | 49 | 75 |
Estimated Fair Value | 1,693 | 1,800 |
Mortgage-Backed Securities [Member] | ||
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract] | ||
Amortized Cost | 320,919 | 304,108 |
Gross Unrealized Gains | 7,236 | 10,389 |
Gross Unrealized Losses | (510) | (62) |
Estimated Fair Value | 327,645 | 314,435 |
States and Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract] | ||
Amortized Cost | 277,690 | 212,011 |
Gross Unrealized Gains | 14,597 | 15,728 |
Gross Unrealized Losses | (208) | |
Estimated Fair Value | 292,079 | $ 227,739 |
Corporate Bond [Member] | ||
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract] | ||
Amortized Cost | 16,195 | |
Gross Unrealized Gains | 133 | |
Gross Unrealized Losses | (21) | |
Estimated Fair Value | 16,307 | |
Collateralized Loan Obligations [Member] | ||
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract] | ||
Amortized Cost | 94,591 | |
Gross Unrealized Losses | (3) | |
Estimated Fair Value | $ 94,588 |
Investments - Gross Unrealized
Investments - Gross Unrealized Losses - General Information (Details) - security | Sep. 30, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, total | 58 | 2 |
Investments - Gross Unrealize_2
Investments - Gross Unrealized Losses - Tabular Disclosure (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Gross Unrealized Losses, Less than twelve months | $ (619) | $ (62) |
Fair Value, Less than twelve months | 110,446 | 4,286 |
Gross Unrealized Losses, Twelve months or more | (123) | |
Fair Value, Twelve months or more | 2,869 | |
Mortgage-Backed Securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Gross Unrealized Losses, Less than twelve months | (387) | (62) |
Fair Value, Less than twelve months | 72,050 | $ 4,286 |
Gross Unrealized Losses, Twelve months or more | (123) | |
Fair Value, Twelve months or more | 2,869 | |
States and Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Gross Unrealized Losses, Less than twelve months | (208) | |
Fair Value, Less than twelve months | 28,844 | |
Corporate Bond [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Gross Unrealized Losses, Less than twelve months | (21) | |
Fair Value, Less than twelve months | 1,255 | |
Collateralized Loan Obligations [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract] | ||
Gross Unrealized Losses, Less than twelve months | (3) | |
Fair Value, Less than twelve months | $ 8,297 |
Investments - Realized Gains (L
Investments - Realized Gains (Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale [Abstract] | ||||
Proceeds from sales of securities available for sale | $ 1,948 | $ 3,390 | $ 5,948 | $ 29,883 |
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract] | ||||
Gross gains on sales, calls and maturities of securities available for sale | 11 | 0 | 11 | 433 |
Gross losses on sales, calls and maturities of securities available for sale | 0 | (43) | ||
Net gains on sale of securities available for sale | $ 11 | $ 0 | $ 11 | $ 390 |
Investments - Estimated Fair Va
Investments - Estimated Fair Value of Contractual Maturities (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost [Abstract] | ||
Maturing within one year (remainder of year), Amortized Cost | $ 5,954 | |
Maturing within one year, Amortized Cost | 0 | $ 3,812 |
Maturing after one year through five years, Amortized Cost | 21,474 | 9,475 |
Maturing after five years through ten years, Amortized Cost | 30,722 | 27,250 |
Maturing after ten years, Amortized Cost | 237,380 | 173,199 |
Investment securities not due at a single maturity date, Amortized Cost | 94,591 | |
Amortized Cost | 711,039 | 517,844 |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value [Abstract] | ||
Maturing within one year (remainder of year), Fair Value | 6,021 | |
Maturing within one year, Fair Value | 0 | 3,857 |
Maturing after one year through five years, Fair Value | 21,786 | 9,732 |
Maturing after five years through ten years, Fair Value | 32,313 | 28,745 |
Maturing after ten years, Fair Value | 249,959 | 187,205 |
Investment securities not due at a single maturity date, Fair Value | 94,588 | |
Fair Value, Total | 732,312 | 543,974 |
Mortgage-Backed Securities [Member] | ||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost [Abstract] | ||
Investment securities not due at a single maturity date, Amortized Cost | 185,372 | 157,201 |
Amortized Cost | 320,919 | 304,108 |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value [Abstract] | ||
Investment securities not due at a single maturity date, Fair Value | 189,427 | 163,029 |
Fair Value, Total | 327,645 | 314,435 |
Collateralized Mortgage Obligations [Member] | ||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost [Abstract] | ||
Investment securities not due at a single maturity date, Amortized Cost | 135,546 | 146,907 |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value [Abstract] | ||
Investment securities not due at a single maturity date, Fair Value | 138,218 | $ 151,406 |
Collateralized Loan Obligations [Member] | ||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost [Abstract] | ||
Amortized Cost | 94,591 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value [Abstract] | ||
Fair Value, Total | $ 94,588 |
Investments - Revenue and Gener
Investments - Revenue and General Obligation Bonds (Details) $ in Thousands | 9 Months Ended | |
Sep. 30, 2021USD ($)item | Dec. 31, 2020USD ($) | |
Debt Securities, Available-for-sale [Line Items] | ||
Securities available-for-sale | $ 732,312 | $ 543,974 |
States and Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available-for-sale | 292,079 | 227,739 |
General Obligation Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available-for-sale | 252,522 | $ 196,412 |
General Obligation Bonds [Member] | Lindsay, California Unified School District [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available-for-sale | 4,000 | |
Subordinate Debenture [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Securities available-for-sale | $ 16,300 | |
Number of subordinated debentures owned | item | 14 |
Investments - Revenue and Gen_2
Investments - Revenue and General Obligation Bonds by Location (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | $ 711,039 | $ 517,844 |
Fair Market Value | 732,312 | 543,974 |
States and Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 277,690 | 212,011 |
Fair Market Value | 292,079 | 227,739 |
General Obligation Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 239,988 | 182,639 |
Fair Market Value | 252,522 | 196,412 |
General Obligation Bonds [Member] | Texas [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 101,560 | 76,794 |
Fair Market Value | 106,865 | 82,888 |
General Obligation Bonds [Member] | California [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 47,884 | 31,122 |
Fair Market Value | 49,793 | 33,100 |
General Obligation Bonds [Member] | Washington [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 24,029 | 22,896 |
Fair Market Value | 26,011 | 25,072 |
General Obligation Bonds [Member] | Other [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 66,515 | 51,827 |
Fair Market Value | 69,853 | 55,352 |
Revenue Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 37,702 | 29,372 |
Fair Market Value | 39,557 | 31,327 |
Revenue Bonds [Member] | Texas [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 6,970 | 7,023 |
Fair Market Value | 7,441 | 7,516 |
Revenue Bonds [Member] | California [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 1,335 | 363 |
Fair Market Value | 1,358 | 379 |
Revenue Bonds [Member] | Washington [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 3,353 | 2,249 |
Fair Market Value | 3,491 | 2,406 |
Revenue Bonds [Member] | Other [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 26,044 | 19,737 |
Fair Market Value | $ 27,267 | $ 21,026 |
Investments - Revenue Bonds by
Investments - Revenue Bonds by Type (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | $ 711,039 | $ 517,844 |
Fair Market Value | 732,312 | 543,974 |
States and Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 277,690 | 212,011 |
Fair Market Value | 292,079 | 227,739 |
Revenue Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 37,702 | 29,372 |
Fair Market Value | 39,557 | 31,327 |
Revenue Bonds [Member] | Water [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 13,551 | 12,609 |
Fair Market Value | 14,109 | 13,526 |
Revenue Bonds [Member] | Sewer [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 5,390 | 4,584 |
Fair Market Value | 5,667 | 4,891 |
Revenue Bonds [Member] | Sales Tax [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 4,100 | 3,083 |
Fair Market Value | 4,203 | 3,308 |
Revenue Bonds [Member] | Lease [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 4,613 | 2,707 |
Fair Market Value | 4,871 | 2,773 |
Revenue Bonds [Member] | Other (13 sources) [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 10,047 | 6,389 |
Fair Market Value | $ 10,707 | $ 6,829 |
Investments - Low-Income Housin
Investments - Low-Income Housing Tax Credit Fund Investments (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2021USD ($) | |
Investments in Affordable Housing Projects [Abstract] | |
Investment, book balance | $ 3,100 |
Investment, remaining commitments for additional capital contributions | 100 |
Investment, amortization expense | 400 |
Investment, tax credit | $ 400 |
Credit Quality and Nonperform_3
Credit Quality and Nonperforming Assets - Credit Quality Classifications (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 |
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | $ 2,139,826 | $ 2,463,111 | $ 2,380,300 |
Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 2,033,829 | 2,307,780 | |
Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 63,790 | 96,036 | |
Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 29,911 | 40,315 | |
Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 12,296 | 18,980 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 1,832,924 | 1,895,923 | 1,823,881 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 1,740,548 | 1,760,511 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 54,058 | 80,542 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 28,168 | 37,431 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 10,150 | 17,439 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 34,720 | 48,565 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 33,204 | 40,044 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 1,516 | 8,521 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 25,512 | 71,980 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 25,139 | 61,809 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 0 | 7,478 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 0 | 2,148 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 373 | 545 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 220,240 | 139,836 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 213,453 | 130,559 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 3,348 | 4,922 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 840 | 1,356 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 2,599 | 2,999 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 31,341 | 38,075 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 25,183 | 30,479 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 2,242 | 2,581 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 56 | 58 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 3,860 | 4,957 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 55,628 | 61,865 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 52,123 | 57,934 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 3,505 | 3,597 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 0 | 334 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 345,116 | 343,199 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 329,776 | 308,819 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 8,913 | 21,148 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 3,908 | 5,652 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 2,519 | 7,580 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 995,921 | 1,062,498 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 949,741 | 1,026,041 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 26,681 | 10,827 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 19,119 | 25,048 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 380 | 582 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 124,446 | 129,905 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 111,929 | 104,826 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 7,853 | 21,468 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 4,245 | 3,169 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 419 | 442 | |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 43,296 | 44,872 | 45,782 |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 41,377 | 39,391 | |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 0 | 3,617 | |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 1,448 | 1,614 | |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 471 | 250 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 258,778 | 516,727 | 504,740 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Commercial and Industrial Loans and Leases [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 132,292 | 209,048 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Commercial and Industrial Loans and Leases [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 120,857 | 194,876 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Commercial and Industrial Loans and Leases [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 9,697 | 11,819 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Commercial and Industrial Loans and Leases [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 226 | 1,259 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Commercial and Industrial Loans and Leases [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 1,512 | 1,094 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Mortgage Warehouse Lines [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 126,486 | 307,679 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Mortgage Warehouse Lines [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 126,486 | 307,679 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Mortgage Warehouse Lines [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Mortgage Warehouse Lines [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Mortgage Warehouse Lines [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 4,828 | 5,589 | $ 5,897 |
Consumer Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 4,561 | 5,323 | |
Consumer Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 35 | 58 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | 69 | 11 | |
Consumer Portfolio Segment [Member] | Impaired [Member] | |||
Financing Receivable Recorded Investment [Line Items] | |||
Total gross loans and leases | $ 163 | $ 197 |
Credit Quality and Nonperform_4
Credit Quality and Nonperforming Assets - Past Due and Nonperforming Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Past Due [Line Items] | ||
Foreclosed assets | $ 93 | $ 971 |
Gross nonperforming loans | 6,788 | $ 7,598 |
Payment Deferral [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Financing receivable, modifications, recorded investment, non-TDRs | $ 10,400 |
Credit Quality and Nonperform_5
Credit Quality and Nonperforming Assets - Past Due and Nonaccrual Loans - Tabular Disclosure (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 |
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | $ 2,139,826 | $ 2,463,111 | $ 2,380,300 |
Non-Accrual Loans | 6,788 | 7,598 | |
Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 2,254 | 5,378 | |
30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 1,293 | 2,083 | |
60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 165 | 1,435 | |
90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 796 | 1,860 | |
Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 2,137,572 | 2,457,733 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 1,832,924 | 1,895,923 | 1,823,881 |
Non-Accrual Loans | 5,050 | 6,298 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 1,176 | 4,528 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 1,077 | 1,720 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 99 | 1,435 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 1,373 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 1,831,748 | 1,891,395 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 34,720 | 48,565 | |
Non-Accrual Loans | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family Residential Construction [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 34,720 | 48,565 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 25,512 | 71,980 | |
Non-Accrual Loans | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 25,512 | 71,980 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 220,240 | 139,836 | |
Non-Accrual Loans | 1,418 | 1,193 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 379 | 397 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 379 | 210 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 37 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 150 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 219,861 | 139,439 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 31,341 | 38,075 | |
Non-Accrual Loans | 1,962 | 2,403 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 1,960 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 1,409 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 551 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 31,341 | 36,115 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 55,628 | 61,865 | |
Non-Accrual Loans | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 55,628 | 61,865 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 345,116 | 343,199 | |
Non-Accrual Loans | 1,251 | 1,678 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 797 | 1,366 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 698 | 101 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 99 | 1,187 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 78 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 344,319 | 341,833 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 995,921 | 1,062,498 | |
Non-Accrual Loans | 0 | 582 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 152 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 152 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 995,921 | 1,062,346 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 124,446 | 129,905 | |
Non-Accrual Loans | 419 | 442 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 653 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 211 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 442 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 124,446 | 129,252 | |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 43,296 | 44,872 | 45,782 |
Non-Accrual Loans | 471 | 250 | |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 305 | 250 | |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 305 | 250 | |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 42,991 | 44,622 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 258,778 | 516,727 | 504,740 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Commercial and Industrial Loans and Leases [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 132,292 | 209,048 | |
Non-Accrual Loans | 1,245 | 1,026 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Commercial and Industrial Loans and Leases [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 695 | 562 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Commercial and Industrial Loans and Leases [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 206 | 325 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Commercial and Industrial Loans and Leases [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 1 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Commercial and Industrial Loans and Leases [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 488 | 237 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Commercial and Industrial Loans and Leases [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 131,597 | 208,486 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Mortgage Warehouse Lines [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 126,486 | 307,679 | |
Non-Accrual Loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Mortgage Warehouse Lines [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Mortgage Warehouse Lines [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Mortgage Warehouse Lines [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Mortgage Warehouse Lines [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Mortgage Warehouse Lines [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 126,486 | 307,679 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Total Financing Receivables | 4,828 | 5,589 | $ 5,897 |
Non-Accrual Loans | 22 | 24 | |
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 78 | 38 | |
Consumer Portfolio Segment [Member] | 30-59 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 10 | 38 | |
Consumer Portfolio Segment [Member] | 60-89 Days Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 65 | 0 | |
Consumer Portfolio Segment [Member] | 90 Days Or More Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | 3 | 0 | |
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | |||
Financing Receivable Recorded Investment Past Due [Line Items] | |||
Loans receivable | $ 4,750 | $ 5,551 |
Credit Quality and Nonperform_6
Credit Quality and Nonperforming Assets - Past Due and Nonaccrual Loans - Additional Information (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Credit Quality and Nonperforming Assets [Abstract] | ||
Financing Receivable, 90 Days or More Past Due, Still Accruing | $ 0 | $ 0 |
Credit Quality and Nonperform_7
Credit Quality and Nonperforming Assets - Troubled Debt Restructurings - General Information (Details) $ in Millions | 9 Months Ended |
Sep. 30, 2021USD ($) | |
Credit Quality and Nonperforming Assets [Abstract] | |
Troubled debt restructurings, total amount | $ 7.8 |
Troubled debt restructurings on non-accrual status | $ 2.3 |
Credit Quality and Nonperform_8
Credit Quality and Nonperforming Assets - Troubled Debt Restructurings, by Type of Loan Modification (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | $ 1,000 | $ 586 | $ 1,563 | $ 2,540 |
Troubled Debt Restructurings Rate Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 1,000 | 586 | 1,480 | 2,202 |
Troubled Debt Restructurings Interest Only Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Troubled Debt Restructurings Rate And Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 83 | 0 |
Troubled Debt Restructurings Term And Interest Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 338 | |||
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 1,000 | 569 | 1,219 | 2,495 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Troubled Debt Restructurings Rate Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Troubled Debt Restructurings Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 1,000 | 569 | 1,136 | 2,157 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Troubled Debt Restructurings Interest Only Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Troubled Debt Restructurings Rate And Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 83 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Troubled Debt Restructurings Term And Interest Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 338 | |||
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 85 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | Troubled Debt Restructurings Rate Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | Troubled Debt Restructurings Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 85 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | Troubled Debt Restructurings Interest Only Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | Troubled Debt Restructurings Rate And Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 1,325 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | Troubled Debt Restructurings Rate Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | Troubled Debt Restructurings Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 1,325 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | Troubled Debt Restructurings Interest Only Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | Troubled Debt Restructurings Rate And Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 1,000 | 0 | 1,083 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | Troubled Debt Restructurings Rate Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | Troubled Debt Restructurings Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 1,000 | 0 | 1,000 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | Troubled Debt Restructurings Interest Only Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | Troubled Debt Restructurings Rate And Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 83 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | Troubled Debt Restructurings Rate Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | Troubled Debt Restructurings Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | Troubled Debt Restructurings Interest Only Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | Troubled Debt Restructurings Rate And Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 569 | 136 | 1,085 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | Troubled Debt Restructurings Rate Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | Troubled Debt Restructurings Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 569 | 136 | 747 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | Troubled Debt Restructurings Interest Only Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | Troubled Debt Restructurings Rate And Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | Troubled Debt Restructurings Term And Interest Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 338 | |||
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | Troubled Debt Restructurings Rate Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | Troubled Debt Restructurings Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | Troubled Debt Restructurings Interest Only Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | Troubled Debt Restructurings Rate And Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 118 | 0 |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | Troubled Debt Restructurings Rate Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | Troubled Debt Restructurings Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 118 | 0 |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | Troubled Debt Restructurings Interest Only Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | Troubled Debt Restructurings Rate And Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 17 | 185 | 45 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Troubled Debt Restructurings Rate Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Troubled Debt Restructurings Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 17 | 185 | 45 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Troubled Debt Restructurings Interest Only Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Troubled Debt Restructurings Rate And Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 41 | 0 |
Consumer Portfolio Segment [Member] | Troubled Debt Restructurings Rate Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Consumer Portfolio Segment [Member] | Troubled Debt Restructurings Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 41 | 0 |
Consumer Portfolio Segment [Member] | Troubled Debt Restructurings Interest Only Modification [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | 0 | 0 | 0 | 0 |
Consumer Portfolio Segment [Member] | Troubled Debt Restructurings Rate And Term Modifications [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Modifications Post Modification Recorded Investment During Period | $ 0 | $ 0 | $ 0 | $ 0 |
Credit Quality and Nonperform_9
Credit Quality and Nonperforming Assets - Troubled Debt Restructurings - Tabular Disclosure (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021USD ($)item | Sep. 30, 2020USD ($)item | Sep. 30, 2021USD ($)item | Sep. 30, 2020USD ($)item | |
Financing Receivable, Modifications [Line Items] | ||||
Pre-Modification Outstanding Recorded Investment | $ 1,000 | $ 586 | $ 1,564 | $ 2,541 |
Post-Modification Outstanding Recorded Investment | 1,000 | 586 | 1,563 | 2,540 |
Reserve Difference | 0 | 0 | 114 | 60 |
Reserve | 0 | 6 | 48 | 49 |
Finance receivables modified as TDRs within the previous twelve months | 0 | 0 | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Pre-Modification Outstanding Recorded Investment | 1,000 | 569 | 1,220 | 2,496 |
Post-Modification Outstanding Recorded Investment | 1,000 | 569 | 1,219 | 2,495 |
Reserve Difference | 0 | 0 | (1) | 58 |
Reserve | $ 0 | $ 5 | $ 1 | $ 47 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | item | 0 | 0 | 0 | 1 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 86 |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 85 |
Reserve Difference | 0 | 0 | 0 | 40 |
Reserve | $ 0 | $ 0 | $ 0 | $ 41 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | item | 0 | 0 | 0 | 1 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 1,325 |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 1,325 |
Reserve Difference | 0 | 0 | 0 | 10 |
Reserve | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | item | 1 | 0 | 2 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 1,000 | $ 0 | $ 1,083 | $ 0 |
Post-Modification Outstanding Recorded Investment | 1,000 | 0 | 1,083 | 0 |
Reserve Difference | 0 | 0 | 0 | 0 |
Reserve | $ 0 | $ 0 | $ 1 | $ 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | item | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 |
Reserve Difference | 0 | 0 | 0 | 0 |
Reserve | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | item | 0 | 1 | 1 | 3 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 569 | $ 137 | $ 1,085 |
Post-Modification Outstanding Recorded Investment | 0 | 569 | 136 | 1,085 |
Reserve Difference | 0 | 0 | (1) | 8 |
Reserve | $ 0 | $ 5 | $ 0 | $ 6 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | item | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 0 |
Reserve Difference | 0 | 0 | 0 | 0 |
Reserve | $ 0 | $ 0 | $ 0 | $ 0 |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | item | 0 | 0 | 1 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 118 | $ 0 |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 118 | 0 |
Reserve Difference | 0 | 0 | 116 | 0 |
Reserve | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | item | 0 | 1 | 1 | 2 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 17 | $ 185 | $ 45 |
Post-Modification Outstanding Recorded Investment | 0 | 17 | 185 | 45 |
Reserve Difference | 0 | 0 | (1) | 2 |
Reserve | $ 0 | $ 1 | $ 47 | $ 2 |
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | item | 0 | 0 | 1 | 0 |
Pre-Modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 41 | $ 0 |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 41 | 0 |
Reserve Difference | 0 | 0 | 0 | 0 |
Reserve | $ 0 | $ 0 | $ 0 | $ 0 |
Credit Quality and Nonperfor_10
Credit Quality and Nonperforming Assets - Purchased Credit Impaired Loans - Tabular Disclosure (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance, Total | $ 12,471 | $ 19,396 |
Impaired Financing Receivable, Carrying Value, Total | 12,296 | 18,980 |
Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance, Total | 63 | 78 |
Impaired Financing Receivable, Carrying Value, Total | 63 | 78 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance, Total | 63 | 78 |
Impaired Financing Receivable, Carrying Value, Total | $ 63 | $ 78 |
Credit Quality and Nonperfor_11
Credit Quality and Nonperforming Assets - Purchased Credit Impaired Loans - Additional Information (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Dec. 31, 2020 | |
Credit Quality and Nonperforming Assets [Abstract] | ||
Purchase credit impaired loans, allowance for loan losses | $ 0 | $ 0 |
Certain loans acquired in transfer accounted for as debt securities, accretable yield, accretion | $ 0 |
Allowance for Loan and Lease _3
Allowance for Loan and Lease Losses - General Information (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Provision for Loan and Lease Losses [Abstract] | ||
Impaired Financing Receivable With Specific Reserves | $ 500 | $ 600 |
Percentage Of Impaired Loans With Appraisal | 71.00% | |
General | $ 14,600 |
Allowance for Loan and Lease _4
Allowance for Loan and Lease Losses - Individually Impaired Loans (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Unpaid Principal Balance | $ 6,836 | $ 13,338 |
With an Allowance Recorded Recorded Investment | 6,836 | 13,289 |
With an Allowance Recorded Related Allowance | 1,061 | 996 |
With an Allowance Recorded Average Recorded Investment | 7,081 | 13,796 |
With an Allowance Recorded Interest Income Recognized | 516 | 513 |
With no Related Allowance Recorded Unpaid Principal Balance | 5,635 | 6,058 |
With no Related Allowance Recorded Recorded Investment | 5,460 | 5,691 |
With no Related Allowance Recorded Average Recorded Investment | 5,809 | 5,915 |
With no Related Allowance Recorded Interest Income Recognized | 10 | 5 |
Individually impaired loans Unpaid Principal Balance | 12,471 | 19,396 |
Total impaired loans | 12,296 | 18,980 |
Individually impaired loans Related Allowance - DO NOT TAG THIS - NOT AN ACCOUNTING CONCEPT - DASHES IN TABLE REPRESENT N/A NOT ZERO | 1,061 | 996 |
Individually impaired loans Average Recorded Investment | 12,890 | 19,711 |
Individually impaired loans Interest Income Recognized | 526 | 518 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Unpaid Principal Balance | 5,434 | 11,908 |
With an Allowance Recorded Recorded Investment | 5,434 | 11,907 |
With an Allowance Recorded Related Allowance | 419 | 525 |
With an Allowance Recorded Average Recorded Investment | 5,585 | 12,173 |
With an Allowance Recorded Interest Income Recognized | 452 | 491 |
With no Related Allowance Recorded Unpaid Principal Balance | 4,861 | 5,864 |
With no Related Allowance Recorded Recorded Investment | 4,716 | 5,532 |
With no Related Allowance Recorded Average Recorded Investment | 4,915 | 5,745 |
With no Related Allowance Recorded Interest Income Recognized | 6 | 3 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Other construction/land [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Unpaid Principal Balance | 373 | 545 |
With an Allowance Recorded Recorded Investment | 373 | 545 |
With an Allowance Recorded Related Allowance | 90 | 171 |
With an Allowance Recorded Average Recorded Investment | 382 | 565 |
With an Allowance Recorded Interest Income Recognized | 52 | 40 |
With no Related Allowance Recorded Unpaid Principal Balance | 114 | |
With no Related Allowance Recorded Recorded Investment | 0 | |
With no Related Allowance Recorded Average Recorded Investment | 5 | |
With no Related Allowance Recorded Interest Income Recognized | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | 1-4 Family - Closed-End [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Unpaid Principal Balance | 1,422 | 2,078 |
With an Allowance Recorded Recorded Investment | 1,422 | 2,077 |
With an Allowance Recorded Related Allowance | 39 | 51 |
With an Allowance Recorded Average Recorded Investment | 1,459 | 2,141 |
With an Allowance Recorded Interest Income Recognized | 125 | 104 |
With no Related Allowance Recorded Unpaid Principal Balance | 1,190 | 942 |
With no Related Allowance Recorded Recorded Investment | 1,177 | 922 |
With no Related Allowance Recorded Average Recorded Investment | 1,244 | 960 |
With no Related Allowance Recorded Interest Income Recognized | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Equity Lines [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Unpaid Principal Balance | 1,991 | 2,875 |
With an Allowance Recorded Recorded Investment | 1,991 | 2,875 |
With an Allowance Recorded Related Allowance | 156 | 233 |
With an Allowance Recorded Average Recorded Investment | 2,058 | 2,989 |
With an Allowance Recorded Interest Income Recognized | 130 | 98 |
With no Related Allowance Recorded Unpaid Principal Balance | 1,881 | 2,160 |
With no Related Allowance Recorded Recorded Investment | 1,869 | 2,082 |
With no Related Allowance Recorded Average Recorded Investment | 1,945 | 2,127 |
With no Related Allowance Recorded Interest Income Recognized | 6 | 3 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Multi-Family Residential [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Unpaid Principal Balance | 334 | |
With an Allowance Recorded Recorded Investment | 334 | |
With an Allowance Recorded Related Allowance | 16 | |
With an Allowance Recorded Average Recorded Investment | 343 | |
With an Allowance Recorded Interest Income Recognized | 23 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Unpaid Principal Balance | 1,268 | 6,076 |
With an Allowance Recorded Recorded Investment | 1,268 | 6,076 |
With an Allowance Recorded Related Allowance | 8 | 54 |
With an Allowance Recorded Average Recorded Investment | 1,286 | 6,135 |
With an Allowance Recorded Interest Income Recognized | 120 | 226 |
With no Related Allowance Recorded Unpaid Principal Balance | 1,371 | 1,624 |
With no Related Allowance Recorded Recorded Investment | 1,251 | 1,504 |
With no Related Allowance Recorded Average Recorded Investment | 1,297 | 1,590 |
With no Related Allowance Recorded Interest Income Recognized | 0 | 0 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Unpaid Principal Balance | 380 | |
With an Allowance Recorded Recorded Investment | 380 | |
With an Allowance Recorded Related Allowance | 126 | |
With an Allowance Recorded Average Recorded Investment | 400 | |
With an Allowance Recorded Interest Income Recognized | 25 | |
With no Related Allowance Recorded Unpaid Principal Balance | 582 | |
With no Related Allowance Recorded Recorded Investment | 582 | |
With no Related Allowance Recorded Average Recorded Investment | 617 | |
With no Related Allowance Recorded Interest Income Recognized | 0 | |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Farmland [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no Related Allowance Recorded Unpaid Principal Balance | 419 | 442 |
With no Related Allowance Recorded Recorded Investment | 419 | 442 |
With no Related Allowance Recorded Average Recorded Investment | 429 | 446 |
With no Related Allowance Recorded Interest Income Recognized | 0 | 0 |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Unpaid Principal Balance | 244 | 250 |
With an Allowance Recorded Recorded Investment | 244 | 250 |
With an Allowance Recorded Related Allowance | 244 | 250 |
With an Allowance Recorded Average Recorded Investment | 247 | 250 |
With an Allowance Recorded Interest Income Recognized | 0 | 0 |
With no Related Allowance Recorded Unpaid Principal Balance | 227 | |
With no Related Allowance Recorded Recorded Investment | 227 | |
With no Related Allowance Recorded Average Recorded Investment | 275 | |
With no Related Allowance Recorded Interest Income Recognized | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Unpaid Principal Balance | 995 | 945 |
With an Allowance Recorded Recorded Investment | 995 | 935 |
With an Allowance Recorded Related Allowance | 382 | 202 |
With an Allowance Recorded Average Recorded Investment | 1,072 | 1,152 |
With an Allowance Recorded Interest Income Recognized | 36 | 6 |
With no Related Allowance Recorded Unpaid Principal Balance | 517 | 189 |
With no Related Allowance Recorded Recorded Investment | 517 | 159 |
With no Related Allowance Recorded Average Recorded Investment | 619 | 165 |
With no Related Allowance Recorded Interest Income Recognized | 2 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Unpaid Principal Balance | 163 | 235 |
With an Allowance Recorded Recorded Investment | 163 | 197 |
With an Allowance Recorded Related Allowance | 16 | 19 |
With an Allowance Recorded Average Recorded Investment | 177 | 221 |
With an Allowance Recorded Interest Income Recognized | 28 | 16 |
With no Related Allowance Recorded Unpaid Principal Balance | 30 | 5 |
With no Related Allowance Recorded Recorded Investment | 0 | 0 |
With no Related Allowance Recorded Average Recorded Investment | 0 | 5 |
With no Related Allowance Recorded Interest Income Recognized | $ 2 | $ 2 |
Allowance for Loan and Lease _5
Allowance for Loan and Lease Losses - Allowance for Credit Losses - Roll Forward (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | |
Financing Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | $ 16,421 | $ 17,738 | $ 9,923 | $ 9,923 |
Charge-offs | (326) | (1,030) | (1,556) | (1,833) |
Recoveries | 122 | 1,359 | 869 | 1,098 |
(Benefit) provision | (600) | (2,450) | 6,350 | 8,550 |
Ending balance | 15,617 | 15,617 | 15,586 | 17,738 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | ||||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 12,075 | 11,766 | 5,635 | 5,635 |
Charge-offs | (245) | |||
Recoveries | 590 | 78 | 87 | |
Recoveries, net | (59) | |||
(Benefit) provision | 261 | 166 | 5,047 | 6,044 |
Ending balance | 12,277 | 12,277 | 10,760 | 11,766 |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | ||||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 524 | 482 | 193 | 193 |
Charge-offs | (50) | |||
(Benefit) provision | 1 | 93 | 283 | 289 |
Ending balance | 525 | 525 | 476 | 482 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 3,072 | 4,721 | 2,685 | 2,685 |
Charge-offs | (52) | (129) | (419) | (436) |
Recoveries | 11 | 203 | 83 | 129 |
(Benefit) provision | (930) | (2,694) | 1,133 | 2,343 |
Ending balance | 2,101 | 2,101 | 3,482 | 4,721 |
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 690 | 720 | 1,278 | 1,278 |
Charge-offs | (274) | (606) | (1,137) | (1,397) |
Recoveries | 170 | 566 | 708 | 882 |
(Benefit) provision | (1) | (95) | (2) | (43) |
Ending balance | 585 | 585 | 847 | 720 |
Unallocated [Member] | ||||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 60 | 49 | 132 | 132 |
(Benefit) provision | 69 | 80 | (111) | (83) |
Ending balance | $ 129 | $ 129 | $ 21 | $ 49 |
Allowance for Loan and Lease _6
Allowance for Loan and Lease Losses - Allowance for Credit Losses - Reserves (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Dec. 31, 2019 |
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Specific | $ 1,061 | $ 996 | $ 1,234 | ||
General | 14,556 | 16,742 | 14,352 | ||
Ending balance | 15,617 | $ 16,421 | 17,738 | 15,586 | $ 9,923 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Specific | 419 | 525 | 552 | ||
General | 11,858 | 11,241 | 10,208 | ||
Ending balance | 12,277 | 12,075 | 11,766 | 10,760 | 5,635 |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Specific | 244 | 250 | 250 | ||
General | 281 | 232 | 226 | ||
Ending balance | 525 | 524 | 482 | 476 | 193 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Specific | 382 | 202 | 344 | ||
General | 1,719 | 4,519 | 3,138 | ||
Ending balance | 2,101 | 3,072 | 4,721 | 3,482 | 2,685 |
Consumer Portfolio Segment [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
Specific | 16 | 19 | 88 | ||
General | 569 | 701 | 759 | ||
Ending balance | 585 | 690 | 720 | 847 | 1,278 |
Unallocated [Member] | |||||
Financing Receivable Allowance For Credit Losses [Line Items] | |||||
General | 129 | 49 | 21 | ||
Ending balance | $ 129 | $ 60 | $ 49 | $ 21 | $ 132 |
Allowance for Loan and Lease _7
Allowance for Loan and Lease Losses - Activity in Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 |
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | |||
Individually | $ 12,296 | $ 18,980 | $ 14,894 |
Collectively | 2,127,530 | 2,444,131 | 2,365,406 |
Total Financing Receivables | 2,139,826 | 2,463,111 | 2,380,300 |
Commercial, Residential, and Farm Land Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | |||
Individually | 10,150 | 17,439 | 13,150 |
Collectively | 1,822,774 | 1,878,484 | 1,810,731 |
Total Financing Receivables | 1,832,924 | 1,895,923 | 1,823,881 |
Agricultural Portfolio Segment [Member] | Agricultural Sector [Member] | |||
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | |||
Individually | 471 | 250 | 250 |
Collectively | 42,825 | 44,622 | 45,532 |
Total Financing Receivables | 43,296 | 44,872 | 45,782 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | |||
Individually | 1,512 | 1,094 | 1,239 |
Collectively | 257,266 | 515,633 | 503,501 |
Total Financing Receivables | 258,778 | 516,727 | 504,740 |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | |||
Individually | 163 | 197 | 255 |
Collectively | 4,665 | 5,392 | 5,642 |
Total Financing Receivables | $ 4,828 | $ 5,589 | $ 5,897 |
Long-Term Debt (Details)
Long-Term Debt (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2021USD ($) | |
Debt Instrument [Line Items] | |
Principal | $ 50,000 |
Unamortized Debt Issuance Costs | (779) |
Subordinated Debt [Member] | |
Debt Instrument [Line Items] | |
Principal | 50,000 |
Unamortized Debt Issuance Costs | $ (779) |
Fixed Interest Rate | 3.25% |
Subordinated Debt [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | |
Debt Instrument [Line Items] | |
Basis Spread | 253.50% |
Revenue Recognition - General I
Revenue Recognition - General Information (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Revenue from Contract with Customer [Abstract] | ||||
Percentage of revenue outside of scope of ASC 606 (as a percent) | 28.63% | 32.75% | 28.50% | 30.71% |
Revenue Recognition - Nonintere
Revenue Recognition - Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Noninterest income | ||||
Loss on limited partnerships | $ (144) | $ (716) | $ (391) | $ (1,031) |
Dividends on equity investments | 187 | 190 | 543 | 524 |
Unrealized gains recognized on equity investments | 857 | 447 | ||
Net gains on sale of securities | 11 | 0 | 11 | 390 |
Other | 2,103 | 2,853 | 4,959 | 5,847 |
Total noninterest income | 7,535 | 7,105 | 20,977 | 20,112 |
Deposit Account [Member] | ||||
Noninterest income | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | 3,186 | 2,950 | 8,677 | 8,752 |
Returned Item and Overdraft Fees [Member] | ||||
Noninterest income | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | 1,307 | 1,160 | 3,561 | 3,785 |
Other Service Charges on Deposits [Member] | ||||
Noninterest income | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | 1,879 | 1,790 | 5,116 | 4,967 |
Debit Card [Member] | ||||
Noninterest income | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | $ 2,192 | $ 1,828 | $ 6,321 | $ 5,183 |
Revenue Recognition - Noninte_2
Revenue Recognition - Noninterest Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Noninterest expense | ||||
Salaries and employee benefits | $ 10,618 | $ 9,698 | $ 32,194 | $ 29,136 |
Occupancy expense | 2,359 | 2,559 | 7,472 | 7,390 |
(Gain) loss on sale of OREO | (26) | (12) | (141) | (10) |
Other | 7,924 | 7,058 | 21,856 | 18,640 |
Total noninterest expense | $ 20,875 | $ 19,303 | $ 61,381 | $ 55,156 |
Subsequent Events (Details)
Subsequent Events (Details) - shares | Oct. 21, 2021 | Oct. 20, 2021 |
Share Repurchase Plan [Member] | ||
Subsequent Event [Line Items] | ||
Number of shares authorized to be repurchased | 500,000 | |
Remaining number of shares authorized to be repurchased | 268,301 | |
Subsequent Event [Member] | Share Repurchase Plan 2021 [Member] | ||
Subsequent Event [Line Items] | ||
Number of shares authorized to be repurchased | 1,000,000 |