Document and Entity Information
Document and Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2017 | Mar. 07, 2018 | Jun. 30, 2017 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2017 | ||
Document Fiscal Year Focus | 2,017 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | EQBK | ||
Entity Registrant Name | EQUITY BANCSHARES INC | ||
Entity Central Index Key | 1,227,500 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 14,605,607 | ||
Entity Public Float | $ 310.9 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from banks | $ 48,034 | $ 34,137 |
Federal funds sold | 4,161 | 958 |
Cash and cash equivalents | 52,195 | 35,095 |
Interest-bearing time deposits in other banks | 3,496 | 3,750 |
Available-for-sale securities | 162,272 | 95,732 |
Held-to-maturity securities, fair value of $532,744 and $461,156 | 535,462 | 465,709 |
Loans held for sale | 16,344 | 4,830 |
Loans, net of allowance for loan losses of $8,498 and $6,432 | 2,094,781 | 1,377,173 |
Other real estate owned, net | 7,907 | 8,656 |
Premises and equipment, net | 63,449 | 50,515 |
Bank-owned life insurance | 68,384 | 48,055 |
Federal Reserve Bank and Federal Home Loan Bank stock | 24,373 | 16,652 |
Interest receivable | 12,371 | 6,991 |
Goodwill | 104,907 | 58,874 |
Core deposit intangibles, net | 10,738 | 4,715 |
Other | 13,830 | 15,445 |
Total assets | 3,170,509 | 2,192,192 |
Deposits | ||
Demand | 366,530 | 207,668 |
Total non-interest-bearing deposits | 366,530 | 207,668 |
Savings, NOW and money market | 1,238,984 | 869,625 |
Time | 776,499 | 553,158 |
Total interest-bearing deposits | 2,015,483 | 1,422,783 |
Total deposits | 2,382,013 | 1,630,451 |
Federal funds purchased and retail repurchase agreements | 37,492 | 20,637 |
Federal Home Loan Bank advances | 347,692 | 259,588 |
Bank stock loan | 2,500 | 0 |
Subordinated debentures | 13,968 | 13,684 |
Contractual obligations | 1,967 | 2,504 |
Interest payable and other liabilities | 10,733 | 7,364 |
Total liabilities | 2,796,365 | 1,934,228 |
Commitments and contingent liabilities | ||
Stockholders' equity | ||
Common stock | 161 | 132 |
Additional paid-in capital | 331,339 | 236,103 |
Retained earnings | 65,512 | 44,328 |
Accumulated other comprehensive loss | (3,092) | (2,702) |
Employee stock loans | (121) | (242) |
Treasury stock | (19,655) | (19,655) |
Total stockholders’ equity | 374,144 | 257,964 |
Total liabilities and stockholders’ equity | $ 3,170,509 | $ 2,192,192 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Statement Of Financial Position [Abstract] | ||||
Held-to-maturity securities, fair value | $ 532,744 | $ 461,156 | ||
Loans, allowance for loan losses | $ 8,498 | $ 6,432 | $ 5,506 | $ 5,963 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Interest and dividend income | |||
Loans, including fees | $ 85,662 | $ 50,272 | $ 43,361 |
Securities, taxable | 12,308 | 8,111 | 7,634 |
Securities, nontaxable | 3,375 | 1,654 | 1,057 |
Federal funds sold and other | 1,348 | 1,762 | 976 |
Total interest and dividend income | 102,693 | 61,799 | 53,028 |
Interest expense | |||
Deposits | 12,722 | 7,042 | 4,926 |
Federal funds purchased and retail repurchase agreements | 64 | 58 | 61 |
Federal Home Loan Bank advances | 2,909 | 1,400 | 495 |
Bank stock loan | 16 | 31 | 641 |
Subordinated debentures | 980 | 671 | 643 |
Total interest expense | 16,691 | 9,202 | 6,766 |
Net interest income | 86,002 | 52,597 | 46,262 |
Provision for loan losses | 2,953 | 2,119 | 3,047 |
Net interest income after provision for loan losses | 83,049 | 50,478 | 43,215 |
Non-interest income | |||
Service charges and fees | 5,154 | 3,552 | 2,708 |
Debit card income | 4,547 | 2,898 | 2,161 |
Mortgage banking | 1,955 | 1,394 | 1,088 |
Increase in value of bank-owned life insurance | 1,445 | 1,000 | 957 |
Net gain on acquisition | 682 | ||
Net gains on sales and settlements of securities | 271 | 479 | 756 |
Other | 2,068 | 1,143 | 1,450 |
Total non-interest income | 15,440 | 10,466 | 9,802 |
Non-interest expense | |||
Salaries and employee benefits | 33,960 | 21,951 | 19,202 |
Net occupancy and equipment | 6,305 | 4,586 | 4,155 |
Data processing | 4,927 | 3,568 | 2,939 |
Professional fees | 2,363 | 2,075 | 2,086 |
Advertising and business development | 2,105 | 1,198 | 1,199 |
Telecommunications | 1,191 | 1,101 | 811 |
FDIC insurance | 945 | 894 | 840 |
Courier and postage | 935 | 683 | 544 |
Free nationwide ATM cost | 932 | 672 | 468 |
Amortization of core deposit intangibles | 1,025 | 413 | 275 |
Loan expense | 993 | 599 | 388 |
Other real estate owned | 523 | 386 | 287 |
Loss on debt extinguishment | 58 | 316 | |
Merger expenses | 5,352 | 5,294 | 1,691 |
Other | 5,907 | 3,597 | 3,374 |
Total non-interest expense | 67,463 | 47,075 | 38,575 |
Income before income tax | 31,026 | 13,869 | 14,442 |
Provision for income taxes | 10,377 | 4,495 | 4,142 |
Net income | 20,649 | 9,374 | 10,300 |
Dividends and discount accretion on preferred stock | (1) | (177) | |
Net income allocable to common stockholders | $ 20,649 | $ 9,373 | $ 10,123 |
Basic earnings per share | $ 1.66 | $ 1.09 | $ 1.55 |
Diluted earnings per share | $ 1.62 | $ 1.07 | $ 1.54 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statement Of Income And Comprehensive Income [Abstract] | |||
Net income | $ 20,649 | $ 9,374 | $ 10,300 |
Other comprehensive income: | |||
Unrealized holding gains (losses) arising during the period on available-for-sale securities | (26) | (264) | (544) |
Amortization of unrealized losses on held-to-maturity securities | 532 | 615 | 767 |
Reclassification adjustment for net gains included in net income | (271) | (893) | (370) |
Total other comprehensive income (loss) | 235 | (542) | (147) |
Tax effect | (90) | 211 | 57 |
Other comprehensive income (loss), net of tax | 145 | (331) | (90) |
Comprehensive income | $ 20,794 | $ 9,043 | $ 10,210 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Total | IPO [Member] | Community First Bancshares, Inc. [Member] | Prairie State Bancshares, Inc. [Member] | Eastman National Bancshares, Inc. [Member] | Cache Holdings, Inc. [Member] | Private Placement [Member] | Preferred Stock, Series C [Member] | Common Stock [Member] | Common Stock [Member]IPO [Member] | Common Stock [Member]Community First Bancshares, Inc. [Member] | Common Stock [Member]Prairie State Bancshares, Inc. [Member] | Common Stock [Member]Eastman National Bancshares, Inc. [Member] | Common Stock [Member]Cache Holdings, Inc. [Member] | Common Stock [Member]Private Placement [Member] | Additional Paid-In Capital [Member] | Additional Paid-In Capital [Member]IPO [Member] | Additional Paid-In Capital [Member]Community First Bancshares, Inc. [Member] | Additional Paid-In Capital [Member]Prairie State Bancshares, Inc. [Member] | Additional Paid-In Capital [Member]Eastman National Bancshares, Inc. [Member] | Additional Paid-In Capital [Member]Cache Holdings, Inc. [Member] | Additional Paid-In Capital [Member]Private Placement [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Treasury Stock [Member] | Employee Stock Loans [Member] |
Beginning balance at Dec. 31, 2014 | $ 117,729 | $ 16,359 | $ 76 | $ 98,398 | $ 24,832 | $ (2,281) | $ (19,655) | |||||||||||||||||||
Beginning balance, shares at Dec. 31, 2014 | 6,067,511 | |||||||||||||||||||||||||
Net income | 10,300 | 10,300 | ||||||||||||||||||||||||
Other comprehensive income, net of tax effects | (90) | (90) | ||||||||||||||||||||||||
Accretion of discount on preferred stock | 13 | (13) | ||||||||||||||||||||||||
Stock based compensation | 531 | 531 | ||||||||||||||||||||||||
Common stock issued upon termination of restricted stock unit plan, net of employee stock loans | (991) | $ 2 | 222 | $ (1,215) | ||||||||||||||||||||||
Common stock issued upon termination of restricted stock unit plan, net of employee stock loans, shares | 203,216 | |||||||||||||||||||||||||
Repayments on employee stock loans | 973 | 973 | ||||||||||||||||||||||||
Common stock issued, net of issuance expenses | $ 38,945 | $ 19 | $ 38,926 | |||||||||||||||||||||||
Common stock issued, net of issuance expenses, shares | 1,941,000 | |||||||||||||||||||||||||
Cash dividends declared and accrued on preferred stock | (164) | (164) | ||||||||||||||||||||||||
Ending balance at Dec. 31, 2015 | 167,233 | 16,372 | $ 97 | 138,077 | 34,955 | (2,371) | (19,655) | (242) | ||||||||||||||||||
Ending balance, shares at Dec. 31, 2015 | 8,211,727 | |||||||||||||||||||||||||
Net income | 9,374 | 9,374 | ||||||||||||||||||||||||
Other comprehensive income, net of tax effects | (331) | (331) | ||||||||||||||||||||||||
Retirement of preferred stock | (16,372) | $ (16,372) | ||||||||||||||||||||||||
Stock based compensation | 553 | 553 | ||||||||||||||||||||||||
Stock based compensation, shares | 953 | |||||||||||||||||||||||||
Common stock issued upon exercise of stock options | 125 | 125 | ||||||||||||||||||||||||
Common stock issued upon exercise of stock options, shares | 7,938 | |||||||||||||||||||||||||
Common stock issued in connection with the acquisition net of issuance expenses | $ 73,740 | $ 27 | $ 73,713 | |||||||||||||||||||||||
Common stock issued in connection with the acquisition of Community First Bancshares, net of issuance expenses, shares | 2,689,690 | |||||||||||||||||||||||||
Common stock issued, net of issuance expenses | $ 23,643 | $ 8 | $ 23,635 | |||||||||||||||||||||||
Common stock issued, net of issuance expenses, shares | 770,000 | |||||||||||||||||||||||||
Cash dividends declared and accrued on preferred stock | (1) | (1) | ||||||||||||||||||||||||
Ending balance at Dec. 31, 2016 | 257,964 | $ 132 | 236,103 | 44,328 | (2,702) | (19,655) | (242) | |||||||||||||||||||
Ending balance, shares at Dec. 31, 2016 | 11,680,308 | |||||||||||||||||||||||||
Net income | 20,649 | 20,649 | ||||||||||||||||||||||||
Other comprehensive income, net of tax effects | 145 | 145 | ||||||||||||||||||||||||
Other comprehensive income tax rate change impact | 535 | 535 | (535) | |||||||||||||||||||||||
Stock based compensation | 1,100 | 1,100 | ||||||||||||||||||||||||
Stock based compensation, shares | 3,712 | |||||||||||||||||||||||||
Common stock issued upon exercise of stock options | 1,215 | $ 1 | 1,214 | |||||||||||||||||||||||
Common stock issued upon exercise of stock options, shares | 71,434 | |||||||||||||||||||||||||
Common stock issued in connection with the acquisition net of issuance expenses | $ 14,913 | $ 38,809 | $ 39,228 | $ 5 | $ 11 | $ 12 | $ 14,908 | $ 38,798 | $ 39,216 | |||||||||||||||||
Common stock issued in connection with the acquisition of Community First Bancshares, net of issuance expenses, shares | 479,465 | 1,179,747 | 1,190,941 | |||||||||||||||||||||||
Repayments on employee stock loans | 121 | 121 | ||||||||||||||||||||||||
Ending balance at Dec. 31, 2017 | $ 374,144 | $ 161 | $ 331,339 | $ 65,512 | $ (3,092) | $ (19,655) | $ (121) | |||||||||||||||||||
Ending balance, shares at Dec. 31, 2017 | 14,605,607 |
Consolidated Statements of Sto7
Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
IPO [Member] | |||
Issuance expense on issuance of common stock | $ 4,728 | ||
Private Placement [Member] | |||
Issuance expense on issuance of common stock | $ 1,382 | ||
Community First Bancshares, Inc. [Member] | |||
Issuance expense on issuance of common stock | $ 549 | ||
Prairie State Bancshares, Inc. [Member] | |||
Issuance expense on issuance of common stock | $ 329 | ||
Eastman National Bancshares, Inc. [Member] | |||
Issuance expense on issuance of common stock | 300 | ||
Cache Holdings, Inc. [Member] | |||
Issuance expense on issuance of common stock | $ 252 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Cash flows from operating activities | |||
Net income | $ 20,649 | $ 9,374 | $ 10,300 |
Adjustments to reconcile net income to net cash from operating activities: | |||
Stock based compensation | 1,100 | 553 | 531 |
Depreciation | 2,496 | 1,764 | 1,672 |
Provision for loan losses | 2,953 | 2,119 | 3,047 |
Net amortization (accretion) of purchase valuation adjustments | (4,518) | 615 | (380) |
Amortization (accretion) of premiums and discounts on securities | 2,869 | 3,049 | 2,309 |
Amortization of intangible assets | 1,070 | 419 | 275 |
Deferred income taxes | 2,621 | 909 | 2,427 |
Federal Home Loan Bank stock dividends | (760) | (657) | (407) |
Loss (gain) on sales and valuation adjustments on other real estate owned | (109) | (112) | (44) |
Net loss (gain) on sales and settlements of securities | (271) | (479) | (756) |
Loss (gain) on disposal of premises and equipment | (5) | (42) | 11 |
Loss (gain) on sales of foreclosed assets | 32 | ||
Loss (gain) on sales of loans | (1,640) | (1,198) | (903) |
Originations of loans held for sale | (96,400) | (51,369) | (41,407) |
Proceeds from the sale of loans held for sale | 100,026 | 51,241 | 39,703 |
Increase in the value of bank-owned life insurance | (1,445) | (1,000) | (957) |
Change in fair value of derivatives recognized in earnings | (14) | 6 | 13 |
Gain on acquisition | (682) | ||
Net change in: | |||
Interest receivable | (1,276) | (544) | (751) |
Other assets | (673) | 885 | (2,551) |
Interest payable and other liabilities | 433 | 15 | 2,170 |
Net cash provided by operating activities | 27,138 | 15,548 | 13,620 |
Cash flows (to) from investing activities | |||
Purchases of available-for-sale securities | (105,749) | (56,391) | (108,997) |
Purchases of held-to-maturity securities | (129,016) | (134,745) | (97,103) |
Proceeds from sales, calls, pay-downs, and maturities of available-for-sale securities | 102,040 | 90,459 | 60,088 |
Proceeds from calls, pay-downs and maturities of held-to-maturity securities | 58,245 | 51,439 | 46,322 |
Net change in interest-bearing time deposits in other banks | 1,242 | 1,495 | 750 |
Net change in loans | (125,189) | (73,932) | (150,625) |
Purchase of premises and equipment | (6,873) | (2,796) | (5,736) |
Proceeds from sale of premises and equipment | 9 | 209 | 15 |
Proceeds from sale of foreclosed assets | 165 | ||
Net redemptions (purchases) of Federal Home Loan Bank and Federal Reserve Bank stock | (4,276) | (1,973) | (4,875) |
Proceeds from sale of other real estate owned | 5,461 | 3,017 | 2,266 |
Purchase of bank-owned life insurance | (15,000) | (14,500) | |
Net cash (used in) investing activities | (222,434) | (140,689) | (266,941) |
Cash flows (to) from financing activities | |||
Net increase (decrease) in deposits | 123,224 | 39,082 | 147,952 |
Net change in federal funds purchased and retail repurchase agreements | 8,177 | (4,150) | (4,539) |
Net borrowings (repayments) on Federal Home Loan Bank line of credit | 79,996 | 114,149 | 128,895 |
Principal repayments on Federal Home Loan Bank term advances | (1,300) | (25,221) | (36,035) |
Borrowings on bank stock loan | 2,500 | 6,000 | 5,014 |
Principal repayments on bank stock loan | (1,000) | (33,218) | (1,554) |
Proceeds from issuance of common stock, net | 23,643 | 38,945 | |
Proceeds from exercise of employee stock options | 1,215 | 112 | |
Issuance of employee stock loan | (1,215) | ||
Principal payments on employee stock loan | 121 | 973 | |
Redemption of Series C preferred stock | (16,372) | ||
Net change in contractual obligations | (537) | (589) | (53) |
Dividends paid on preferred stock | (42) | (164) | |
Excess tax benefits as a result of the distribution of common stock in termination of the restricted stock unit plan recognized as an increase in additional paid-in capital | 224 | ||
Excess tax benefits as a result of the exercise of employee stock options | 13 | ||
Net cash provided by (used in) financing activities | 212,396 | 103,407 | 278,443 |
Net change in cash and cash equivalents | 17,100 | (21,734) | 25,122 |
Cash and cash equivalents, beginning of period | 35,095 | 56,829 | 31,707 |
Ending cash and cash equivalents | 52,195 | 35,095 | 56,829 |
Supplemental cash flow information: | |||
Interest paid | 15,041 | 8,943 | 6,670 |
Income taxes paid, net of refunds | 6,438 | 3,212 | 2,938 |
Supplemental noncash disclosures: | |||
Other real estate owned acquired in settlement of loans | 4,562 | 3,006 | 3,164 |
Preferred stock dividends payable at period end | 41 | ||
Prairie State Bancshares, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | (6,744) | ||
First Independence Corporation and Subsidiary [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | (9,046) | ||
Supplemental noncash disclosures: | |||
Total fair value of assets acquired, net of cash | 129,341 | ||
Total fair value of liabilities acquired | $ 119,613 | ||
Eastman National Bancshares, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | 6,108 | ||
Supplemental noncash disclosures: | |||
Total fair value of assets acquired, net of cash | 267,039 | ||
Total fair value of liabilities acquired | 234,337 | ||
Community First Bancshares, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | (2,971) | ||
Supplemental noncash disclosures: | |||
Total fair value of assets acquired, net of cash | 462,936 | ||
Total fair value of liabilities acquired | $ 419,641 | ||
Cache Holdings, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | (2,857) | ||
Supplemental noncash disclosures: | |||
Total fair value of assets acquired, net of cash | 333,140 | ||
Total fair value of liabilities acquired | 291,056 | ||
Prairie State Bancshares, Inc. [Member] | |||
Supplemental noncash disclosures: | |||
Total fair value of assets acquired, net of cash | 147,248 | ||
Total fair value of liabilities acquired | $ 125,591 |
NATURE OF OPERATIONS AND SUMMAR
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 1 – NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Equity Bank is a Kansas state-chartered bank and member of the Federal Reserve (state Fed member bank jointly supervised by both the Federal Reserve Bank of Kansas City and the Office of the Kansas State Bank Commissioner). The Company is primarily engaged in providing a full range of banking, mortgage banking and financial services to individual and corporate customers generally in Arkansas, Kansas, Missouri and Oklahoma. Equity Bank competes with a variety of other financial institutions including large regional banks, community banks and thrifts as well as credit unions and other non-traditional lenders. Use of Estimates Cash Equivalents Securities Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield basis without anticipating prepayments, except for certain securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. All OTTI related to equity securities is recognized through earnings. Loans Held for Sale Loans Purchased Credit Impaired Loans. As a part of acquisitions, the Company acquired certain loans, for which there was, at acquisition, evidence of deterioration of credit quality since origination. These purchased credit impaired loans were recorded at the acquisition date fair value, such that there is no carryover of the seller’s allowance for loan losses. After acquisition, losses are recognized by an increase in the allowance for loan losses. Such purchase credit impaired loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each loan, and the expected cash flows in excess of the amount paid are recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (non-accretable difference). Over the life of the loan, expected cash flows continue to be estimated. If the present value of the expected cash flows is less than the carrying amount, a loss 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. Nonaccrual Loans. Generally, loans are designated as nonaccrual when either principal or interest payments are 90 days or more past due based on contractual terms unless the loan is well secured and in the process of collection. Consumer loans are typically charged off no later than 180 days past due. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. When a loan is placed on nonaccrual status, unpaid interest credited to income is reversed against income. Future interest income may be recorded on a cash basis after recovery of principal is reasonably assured. Nonaccrual loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Impaired Loans. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all contractual principal and interest due according to the terms of the loan agreement. All loans are individually evaluated for impairment. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or on the value of the underlying collateral if the loan is collateral dependent. The Company evaluates the collectability of both principal and interest when assessing the need for a loss accrual. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Troubled Debt Restructurings . In cases where a borrower experiences financial difficulties and the Company makes certain concessionary modifications to contractual terms, the loan is classified as a troubled debt restructured loan and classified as impaired. Generally, a nonaccrual loan that is a troubled debt restructuring remains on nonaccrual until such time that repayment of the remaining principal and interest is not in doubt and the borrower has a period of satisfactory repayment performance. Allowance for Loan Losses The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported net at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the sale of the collateral. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. The general component of the allowance for loan losses covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio and class and is based on the actual loss history experienced by the Company. This actual loss experience is then adjusted by comparing current conditions to the conditions that existed during the loss history. The Company considers the changes related to (i) lending policies, (ii) economic conditions, (iii) nature and volume of the loan portfolio and class, (iv) lending staff, (v) volume and severity of past due, non-accrual, and risk graded loans, (vi) loan review system, (vii) value of underlying collateral for collateral dependent loans, (viii) concentration levels and (ix) effects of other external factors. The Company considers loan performance and collateral values in assessing risk for each class in the loan portfolio, as follows: • Commercial and industrial loans are dependent on the strength of the industries of the related borrowers and the success of their businesses. Commercial and industrial loans are advanced for equipment purchases, to provide working capital or meet other financing needs of the business. These loans may be secured by accounts receivable, inventory, equipment or other business assets. Financial information is obtained from the borrower to evaluate the debt service coverage and ability to repay the loans. • Commercial real estate loans are dependent on the industries tied to these loans, as well as the local commercial real estate market. The loans are secured by real estate and typically appraisals are obtained to support the loan amount. Generally, an evaluation of the project’s cash flows is performed to evaluate the borrower’s ability to repay the loan at the time of origination and periodically updated during the life of the loan. • Residential real estate loans are affected by the local residential real estate market, the local economy and movement in interest rates. The Company evaluates the borrower’s repayment ability through a review of credit reports and debt to income ratios. Generally, appraisals are obtained to support the loan amount. • Agricultural real estate loans are real estate loans related to farmland and are affected by the value of farmland. Generally, the Company evaluates the borrower’s ability to repay based on cash flows from farming operations. • Consumer loans are dependent on the local economy. Consumer loans are generally secured by consumer assets, but may be unsecured. Typically, the Company evaluates the borrower’s repayment ability through a review of credit scores and an evaluation of debt to income ratios. • Agricultural loans are primary operating lines subject to annual farming revenues, including productivity and yield of the farm products and market pricing at the time of sale. There have been no material changes to the Company’s accounting policies related to its allowance for loan loss methodology during 2017 and 2016. Transfers of Financial Assets Bank-Owned Life Insurance Other Real Estate Owned Premises and Equipment Premises and equipment and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. Federal Reserve Bank and Federal Home Loan Bank Stock Goodwill and Core Deposit Intangibles Credit Related Financial Instruments Derivatives An interest rate swap is an agreement between two entities to exchange cash flows in the future. The agreement sets the dates on which the cash flows will be paid and the manner in which the cash flows will be calculated. Typically, an interest rate swap transaction is used as an exchange of cash flows based on a fixed rate for cash flows based on a variable rate. In an interest rate cap agreement, a cash flow is generated if the price or interest rate of an underlying variable rises above a certain threshold price or interest rate. In an interest rate floor agreement, a cash flow is generated if the price or interest rate of an underlying variable falls below a certain threshold price or interest rate. Caps and floors are designed as protection against the interest rate on a variable rate asset or liability rising above or falling below a certain level. At the inception of a derivative contract, the Company designates the derivatives as one of three types based on the Company’s intentions and belief as to likely effectiveness as a hedge. These three types are: (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (“fair value hedge”); (2) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”); or (3) an instrument with no hedging designation (“stand-alone derivative”). For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item, are recognized in current earnings as fair value changes. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. For both types of hedges, changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings as non-interest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged unless the derivative meets the criteria to be a financing derivative. All derivatives are recognized in the consolidated balance sheet at their fair values and are reported as either derivative assets or derivative liabilities net of accrued net settlements and collateral, if any. The individual derivative amounts are netted by counterparty when the netting requirements have been met. If these netted values are positive, they are classified as an asset and, if negative, they are classified as a liability. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, at least quarterly, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a fair value hedge is discontinued, the hedged asset or liability is no longer adjusted for changes in fair value and the existing basis adjustment is amortized or accreted over the remaining life of the asset or liability. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that are accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. The Company has entered into interest rate cap derivatives to assist with interest rate risk management. These derivatives are not designated as hedging instruments but rather as stand-alone derivatives. The fair values of stand-alone derivatives are included in other assets and other liabilities. Changes in fair value of stand-alone derivatives are recorded through earnings as non-interest income. Income Taxes The Company recognizes interest and/or penalties related to income tax matters in income tax expense. During 2016 there was $1 paid to the Missouri Department of Revenue. No such interest or penalties were incurred in 2017 or 2015. Earnings Per Common Share Share-Based Payments Compensation expense associated with restricted stock units is based on the fair value of the units at the grant date. This compensation expense is recognized ratably over the service period stipulated in the grant agreement. Comprehensive Income Loss Contingencies Restrictions on Cash Dividend Restriction Fair Value Segment Information Reclassifications Initial Public Offering (IPO) Recent Accounting Pronouncements: Revenue from Contracts with Customers, In January 2016, FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, In February 2016, FASB issued ASU 2016-02, Leases, In June 2016, FASB issued ASU 2016-13, Financial Instruments – Credit Losses, In August 2016, FASB issued accounting standards update No. 2016-15, Statement of Cash Flows (Topic 230). In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other In March 2017, FASB issued ASU 2017-08, Premium Amortization on Purchased Callable Debt Securities. In August 2017, FASB issued ASU 2017-12, Derivatives and Hedging, Targeted Improvements to Accounting for Hedging Activities In February 2018, FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income |
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS | 12 Months Ended |
Dec. 31, 2017 | |
Business Combinations [Abstract] | |
BUSINESS COMBINATIONS | NOTE 2 – BUSINESS COMBINATIONS On November 10, 2017, the Company acquired 100% of the outstanding common shares of Eastman National Bancshares, Inc., based in Newkirk, Oklahoma (“Eastman”). Results of operations of Eastman were included in the Company’s results of operations beginning November 11, 2017. Acquisition-related costs associated with this merger were $2,925 ($1,920 on an after-tax basis) and are included in merger expenses in the Company’s income statement for the year ended December 31, 2017. Information necessary to recognize the fair value of assets acquired and liabilities assumed is complete except for certain matters related to loans and taxes. The fair value of consideration exchanged exceeded the recognized amounts of the identifiable net assets and resulted in goodwill of $20,687. Goodwill resulted from a combination of expected synergies, expansion in northern Oklahoma with the addition of four branch locations, growth opportunities and increases in stock prices after the stock exchange ratios were negotiated. The following table summarizes the consideration paid for Eastman and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair value of consideration: Common stock $ 39,109 Cash 8,040 $ 47,149 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 14,698 Available-for-sale securities 59,778 Federal Reserve Bank and Federal Home Loan Bank stock 434 Loans 177,880 Premises and equipment 1,903 Core deposit intangibles 4,020 Other real estate owned 41 Interest receivable 998 Other assets 1,047 Total assets acquired 260,799 Deposits 224,111 Federal funds purchased and retail repurchase agreements 8,678 Interest payable and other liabilities 1,548 Total liabilities assumed 234,337 Total identifiable net assets 26,462 Goodwill 20,687 $ 47,149 The fair value of net assets acquired includes fair value adjustments to certain loans that were not considered purchased credit impaired as of the merger date. The fair value adjustments were determined using discounted contractual cash flows. However, the Company believes that all contractual cash flows related to these financial instruments will be collected. As such, these loans were not considered impaired at the merger date and were not subject to the guidance relating to purchased credit impaired loans, which have shown evidence of credit deterioration since origination. Cash flows associated with purchased credit impaired loans are not considered reasonably predictable and as such these loans are considered nonaccrual. The following table presents the best available information about the loans acquired in the Eastman merger as of the date of merger. Non-Credit Impaired Purchased Impaired Contractually required principal $ 171,788 $ 12,849 Non-accretable difference (expected losses) — (4,077 ) Cash flows expected to be collected 171,788 8,772 Accretable yield (2,680 ) — Fair value of acquired loans $ 169,108 $ 8,772 The following table presents the carrying value of the loans acquired in the Eastman merger by class, as of the date of merger. Non-Credit Impaired Purchased Credit Impaired Total Commercial real estate $ 71,917 $ 5,326 $ 77,243 Commercial and industrial 36,645 1,545 38,190 Residential real estate 36,846 458 37,304 Agricultural real estate 7,080 33 7,113 Consumer 5,158 — 5,158 Agricultural 11,462 1,410 12,872 Fair value of acquired loans $ 169,108 $ 8,772 $ 177,880 Also on November 10, 2017, the Company acquired 100% of the outstanding common shares of Cache Holdings, Inc., based in Tulsa, Oklahoma ( “Cache”). Results of operations of Cache were included in the Company’s results of operations beginning November 11, 2017. Acquisition-related costs associated with this merger were $1,483 ($1,031 on an after-tax basis) and are included in merger expenses in the Company’s income statement for the year ended December 31, 2017. Information necessary to recognize the fair value of assets acquired and liabilities assumed is complete except for certain matters related to loans and taxes. The fair value of consideration exchanged exceeded the recognized amounts of the identifiable net assets and resulted in goodwill of $19,633. Goodwill resulted from a combination of expected synergies, expansion in the Tulsa metro area with the addition of one branch location, growth opportunities and increases in stock prices after the stock exchange ratios were negotiated. The following table summarizes the consideration paid for Cache and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair value of consideration: Common Stock $ 39,480 Cash 12,877 $ 52,357 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 10,273 Federal Reserve Bank and Federal Home Loan Bank stock 2,053 Loans held for sale 13,501 Loans held for investment 287,214 Premises and equipment 4,235 Core deposit intangibles 1,580 Bank-owned life insurance 3,883 Interest receivable 778 Other assets 263 Total assets acquired 323,780 Deposits 278,706 Federal Home Loan Bank advances 9,402 Bank stock loan 1,000 Interest payable and other liabilities 1,948 Total liabilities assumed 291,056 Total identifiable net assets 32,724 Goodwill 19,633 $ 52,357 The fair value of net assets acquired includes fair value adjustments to certain loans that were not considered purchased credit impaired as of the merger date. The fair value adjustments were determined using discounted contractual cash flows. However, the Company believes that all contractual cash flows related to these financial instruments will be collected. As such, these loans were not considered impaired at the merger date and were not subject to the guidance relating to purchased credit impaired loans, which have shown evidence of credit deterioration since origination. Cash flows associated with purchased credit impaired loans are not considered reasonably predictable and as such these loans are considered nonaccrual. The following table presents the best available information about the loans acquired in the Cache merger as of the date of merger. Non-Credit Impaired Purchased Impaired Contractually required principal $ 288,959 $ 2,035 Non-accretable difference (expected losses) — (371 ) Cash flows expected to be collected 288,959 1,664 Accretable yield (3,017 ) (392 ) Fair value of acquired loans $ 285,942 $ 1,272 The following table presents the carrying value of the loans acquired in the Cache merger by class, as of the date of merger. Non-Credit Impaired Purchased Credit Impaired Total Commercial real estate $ 199,151 $ 918 $ 200,069 Commercial and industrial 83,181 354 83,535 Residential real estate 2,027 — 2,027 Agricultural real estate 265 — 265 Consumer 1,318 — 1,318 Fair value of acquired loans $ 285,942 $ 1,272 $ 287,214 On March 10, 2017, the Company acquired 100% of the outstanding common shares of Prairie State Bancshares, Inc., based in Hoxie, Kansas (“Prairie”). Results of operations of Prairie were included in the Company’s results of operations beginning March 11, 2017. Acquisition-related costs associated with this merger were $926 ($576 on an after-tax basis) and are included in merger expenses in the Company’s income statement for the year ended December 31, 2017. Information necessary to recognize the fair value of assets acquired and liabilities assumed is complete. The fair value of consideration exchanged exceeded the recognized amounts of the identifiable net assets and resulted in goodwill of $5,713. Goodwill resulted from a combination of expected synergies, expansion in western Kansas with the addition of three branch locations, growth opportunities and increases in stock prices after the stock exchange ratios were negotiated. The following table summarizes the consideration paid for Prairie and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair value of consideration: Common stock $ 15,242 Cash 12,255 $ 27,497 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 6,579 Available-for-sale securities 3,427 Held-to-maturity securities 971 Federal Reserve Bank and Federal Home Loan Bank stock 198 Loans 129,997 Premises and equipment 2,424 Core deposit intangibles 1,448 Other assets 2,331 Total assets acquired 147,375 Deposits 125,353 Interest payable and other liabilities 238 Total liabilities assumed 125,591 Total identifiable net assets 21,784 Goodwill 5,713 $ 27,497 The fair value of net assets acquired includes fair value adjustments to certain loans that were not considered purchased credit impaired as of the merger date. The fair value adjustments were determined using discounted contractual cash flows. However, the Company believes that all contractual cash flows related to these financial instruments will be collected. As such, these loans were not considered impaired at the merger date and were not subject to the guidance relating to purchased credit impaired loans, which have shown evidence of credit deterioration since origination. Cash flows associated with purchased credit impaired loans are not considered reasonably predictable and as such these loans are considered nonaccrual. The following table presents the best available information about the loans acquired in the Prairie merger as of the date of merger. Non-Credit Impaired Purchased Impaired Contractually required principal $ 123,519 $ 11,430 Non-accretable difference (expected losses) — (2,673 ) Cash flows expected to be collected 123,519 8,757 Accretable yield (2,279 ) — Fair value of acquired loans $ 121,240 $ 8,757 The following table presents the carrying value of the loans acquired in the Prairie merger by class, as of the date of merger. Non-Credit Impaired Purchased Credit Impaired Total Commercial real estate $ 9,224 $ 144 $ 9,368 Commercial and industrial 11,203 974 12,177 Residential real estate 137 — 137 Agricultural real estate 25,593 2,960 28,553 Consumer 1,451 — 1,451 Agricultural 73,632 4,679 78,311 Fair value of acquired loans $ 121,240 $ 8,757 $ 129,997 Assuming that the Prairie, Eastman and Cache mergers would have taken place on January 1, 2016, total combined revenue would have been $141,843 for year ended December 31, 2017 and $106,969 for year ended December 31, 2016. Net income would have been $32,539 and $24,480 at December 31, 2017 and 2016. The pro forma amounts disclosed exclude merger expense from non-interest expense, which is considered a material non-recurring adjustment. Separate revenue and earnings of the former Prairie, Eastman and Cache are not available subsequent to the business combinations. On November 10, 2016, the Company acquired 100% of the outstanding common shares of Community First Bancshares, Inc., based in Harrison, Arkansas ( “Community First”). Results of operations of Community First were included in the Company’s results of operations beginning November 11, 2016. Acquisition-related costs associated with this merger were $4,616 and are included in merger expenses in the Company’s income statement for the year ended December 31, 2016, which was $3,402 on an after-tax basis. The fair value of consideration exchanged exceeded the recognized amounts of the identifiable net assets and resulted in goodwill of $40,744. Goodwill resulted from a combination of expected synergies, expansion in northern Arkansas with the addition of five branch locations, growth opportunities and increases in stock prices after the stock exchange ratios were negotiated. The following table summarizes the consideration paid for Community First and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair value of consideration: Common stock $ 74,289 Cash 9,750 $ 84,039 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 7,328 Held-to-maturity securities 73,967 Federal Reserve Bank and Federal Home Loan Bank stock 3,009 Loans 354,071 Premises and equipment 10,400 Core deposit intangible 3,579 Other real estate owned 2,744 Deferred tax asset, net 4,084 Interest receivable 1,907 Other assets 1,847 Total assets acquired 462,936 Deposits 375,431 Federal funds purchased and retail repurchase agreements 4,025 Federal Home Loan Bank advances 25,221 Bank stock loan 8,606 Subordinated debentures 4,187 Interest payable and other liabilities 2,171 Total liabilities assumed 419,641 Total identifiable net assets 43,295 Goodwill 40,744 $ 84,039 The fair value of net assets acquired includes fair value adjustments to certain loans that were not considered purchased credit impaired as of the acquisition date. The fair value adjustments were determined using discounted contractual cash flows. However, the Company believes that all contractual cash flows related to these financial instruments will be collected. As such, these loans were not considered impaired at the acquisition date and were not subject to the guidance relating to purchased credit impaired loans, which have shown evidence of credit deterioration since origination. Cash flows associated with purchased credit impaired loans are not considered reasonably predictable and as such these loans are considered nonaccrual. The following table presents the best available information about the loans acquired in the Community First acquisition as of the date of acquisition. Non-Credit Impaired Purchased Impaired Contractually required principal $ 343,785 $ 22,069 Non-accretable difference (expected losses) — (6,568 ) Cash flows expected to be collected 343,785 15,501 Accretable yield (4,036 ) (1,179 ) Fair value of acquired loans $ 339,749 $ 14,322 The following table presents the carrying value of the loans acquired in the Community First acquisition by class, as of the date of acquisition. Non-Credit Impaired Purchased Credit Impaired Total Commercial real estate $ 167,906 $ 9,069 $ 176,975 Commercial and industrial 38,307 3,522 41,829 Residential real estate 79,832 893 80,725 Agricultural real estate 22,984 838 23,822 Consumer 23,818 — 23,818 Agricultural 6,902 — 6,902 Fair value of acquired loans $ 339,749 $ 14,322 $ 354,071 Assuming that the merger would have taken place on January 1, 2015, total combined revenue would have been $93,121 for year ended December 31, 2016 and $91,729 for year ended December 31, 2015. Net income would have been $19,815 and $17,527 at December 31, 2016 and 2015. The pro forma amounts disclosed exclude merger expense from non-interest expense, which is considered a material non recurring adjustment. Separate revenue and earnings of the former Community First are not available subsequent to the business combination. |
SECURITIES
SECURITIES | 12 Months Ended |
Dec. 31, 2017 | |
Investments Debt And Equity Securities [Abstract] | |
SECURITIES | NOTE 3 – SECURITIES The amortized cost and fair value of available-for-sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows. Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2017 Available-for-sale securities Residential mortgage-backed securities (issued by government-sponsored entities) $ 163,374 $ 36 $ (1,819 ) $ 161,591 State and political subdivisions 195 — — 195 Equity securities 500 — (14 ) 486 $ 164,069 $ 36 $ (1,833 ) $ 162,272 December 31, 2016 Available-for-sale securities U.S. Government-sponsored entities $ 4,766 $ 16 $ — $ 4,782 Residential mortgage-backed securities (issued by government-sponsored entities) 88,257 93 (1,647 ) 86,703 Corporate 3,000 39 — 3,039 Small Business Administration loan pools 210 13 — 223 State and political subdivisions 499 — — 499 Equity securities 500 — (14 ) 486 $ 97,232 $ 161 $ (1,661 ) $ 95,732 The amortized cost and fair value of held-to-maturity securities and the related gross unrecognized gains and losses were as follows. Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value December 31, 2017 Held-to-maturity securities U.S. Government-sponsored entities $ 998 $ — $ (13 ) $ 985 Residential mortgage-backed securities (issued by government sponsored entities) 383,875 573 (4,866 ) 379,582 Corporate 22,991 355 — 23,346 Small Business Administration loan pools 2,048 — (14 ) 2,034 State and political subdivisions 125,550 1,694 (447 ) 126,797 $ 535,462 $ 2,622 $ (5,340 ) $ 532,744 December 31, 2016 Held-to-maturity securities U.S. Government-sponsored entities $ 998 $ — $ (33 ) $ 965 Residential mortgage-backed securities (issued by government sponsored entities) 338,749 686 (4,702 ) 334,733 Corporate 12,988 139 (28 ) 13,099 Small Business Administration loan pools 2,398 1 (17 ) 2,382 State and political subdivisions 110,576 1,211 (1,810 ) 109,977 $ 465,709 $ 2,037 $ (6,590 ) $ 461,156 The tables above present unrecognized losses on held-to-maturity securities since date of designation. The fair value and amortized cost of debt securities at December 31, 2017, by contractual maturity, is shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ 195 $ 195 $ 2,871 $ 2,876 One to five years — — 27,256 27,610 Five to ten years — — 43,106 43,951 After ten years — — 78,354 78,725 Mortgage-backed securities 163,374 161,591 383,875 379,582 Total debt securities $ 163,569 $ 161,786 $ 535,462 $ 532,744 The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was approximately $570,146 at December 31, 2017 and $439,208 at December 31, 2016. At year-end 2017 and 2016, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity. The following tables show gross unrealized losses and fair value aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2017 and 2016. Less Than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2017 Available-for-sale securities Residential mortgage-backed (issued by government-sponsored entities) $ 78,884 $ (437 ) $ 58,540 $ (1,382 ) $ 137,424 $ (1,819 ) Equity securities — — 486 (14 ) 486 (14 ) Total temporarily impaired securities $ 78,884 $ (437 ) $ 59,026 $ (1,396 ) $ 137,910 $ (1,833 ) December 31, 2016 Available-for-sale securities Residential mortgage-backed (issued by government-sponsored entities) $ 77,414 $ (1,647 ) $ — $ — $ 77,414 $ (1,647 ) Equity securities — — 486 (14 ) 486 (14 ) Total temporarily impaired securities $ 77,414 $ (1,647 ) $ 486 $ (14 ) $ 77,900 $ (1,661 ) Less Than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2017 Held-to-maturity securities U.S. Government-sponsored entities $ — $ — $ 985 $ (13 ) $ 985 $ (13 ) Residential mortgage-backed (issued by government-sponsored entities) 147,281 (1,263 ) 198,239 (5,030 ) 345,520 (6,293 ) Corporate 5,312 (16 ) — — 5,312 (16 ) Small Business Administration loan pools 926 (1 ) 1,108 (38 ) 2,034 (39 ) State and political subdivisions 22,100 (123 ) 26,387 (439 ) 48,487 (562 ) Total temporarily impaired securities $ 175,619 $ (1,403 ) $ 226,719 $ (5,520 ) $ 402,338 $ (6,923 ) December 31, 2016 Held-to-maturity securities U.S. Government-sponsored entities $ 965 $ (33 ) $ — $ — $ 965 $ (33 ) Residential mortgage-backed (issued by government-sponsored entities) 291,003 (5,922 ) 10,801 (426 ) 301,804 (6,348 ) Corporate 5,407 (16 ) 3,166 (28 ) 8,573 (44 ) Small Business Administration loan pools 1,068 (2 ) 1,314 (45 ) 2,382 (47 ) State and political subdivisions 65,220 (2,122 ) — — 65,220 (2,122 ) Total temporarily impaired securities $ 363,663 $ (8,095 ) $ 15,281 $ (499 ) $ 378,944 $ (8,594 ) As of December 31, 2017, the Company held 32 available-for-sale securities and 324 held-to-maturity securities in an unrealized loss position. The tables above present unrealized losses on held-to-maturity securities since the date of their purchase, independent of the impact associated with changes in cost basis upon transfer from the available-for-sale designation to the held-to-maturity designation. Unrealized losses on securities have not been recognized into income because the security issuers are of high credit quality, management does not intend to sell and it is more likely than not that the Company will not be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates. The fair value is expected to recover as the securities approach maturity. The proceeds from sales and the associated gains and losses on available-for-sale securities reclassified from other comprehensive income to income are listed below. 2017 2016 2015 Proceeds $ 84,087 $ 70,957 $ 17,105 Gross gains 271 893 370 Gross losses — — — Income tax expense on net realized gains 103 342 142 Included in net gains on sales of and settlement of securities in the Company’s consolidated statement of income for 2016 the Company recorded an other-than-temporary impairment loss in the amount of $414. The impairment loss reflects the difference between the amortized cost of the Company’s investment in AgriBank 9.125% subordinated notes, due July 2019 and the fair value attributable to AgriBank’s redemption call of those notes. Included in net gains on sales of and settlement of securities in the Company’s consolidated statement of income for 2015 is $386 received in connection with the bankruptcy settlement related to a political subdivision security written off in 2011. . |
LOANS AND ALLOWANCE FOR LOAN LO
LOANS AND ALLOWANCE FOR LOAN LOSSES | 12 Months Ended |
Dec. 31, 2017 | |
Receivables [Abstract] | |
Loans and Allowance for Loan Losses | NOTE 4 – LOANS AND ALLOWANCE FOR LOAN LOSSES The following table lists categories of loans at December 31, 2017 and 2016. 2017 2016 Commercial real estate $ 987,661 $ 593,108 Commercial and industrial 507,519 348,465 Residential real estate 376,705 338,387 Agricultural real estate 86,486 38,331 Consumer 49,361 40,902 Agricultural 95,547 24,412 Total loans 2,103,279 1,383,605 Allowance for loan losses (8,498 ) (6,432 ) Net loans $ 2,094,781 $ 1,377,173 The Company participates in mortgage finance loans with another institution ( “originator”). These mortgage finance loans consist of ownership interests purchased in single family residential mortgages funded through the originator’s mortgage finance group. These loans are typically on the Company’s balance sheet for 10 to 20 days. As of December 31, 2017 and December 31, 2016 the Company had balances of $10,000 and $10,000 in mortgage finance loans classified as commercial and industrial. During 2017 the Company purchased one pool of residential real estate loans totaling $14,767. During 2016, the Company purchased two pools of residential real estate loans totaling $38,362. As of December 31, 2017 and 2016, residential real estate loans include $85,868 and $90,705 of purchased residential real estate loans. Overdraft deposit accounts are reclassified and included in consumer loans above. These accounts totaled $741 and $567 at December 31, 2017 and 2016. The following tables present the activity in the allowance for loan losses by class for the years ended December 31, 2017, 2016 and 2015. December 31, 2017 Commercial Real Estate Commercial and Industrial Residential Real Estate Agricultural Real Estate Consumer Agricultural Total Allowance for loan losses: Beginning balance $ 2,420 $ 1,881 $ 1,765 $ 35 $ 266 $ 65 $ 6,432 Provision for loan losses (69 ) 651 604 287 1,236 244 2,953 Loans charged-off (271 ) (431 ) (350 ) (16 ) (1,025 ) (42 ) (2,135 ) Recoveries 660 35 243 13 291 6 1,248 Total ending allowance balance $ 2,740 $ 2,136 $ 2,262 $ 319 $ 768 $ 273 $ 8,498 December 31, 2016 Commercial Real Estate Commercial and Industrial Residential Real Estate Agricultural Real Estate Consumer Agricultural Total Allowance for loan losses: Beginning balance $ 2,051 $ 1,366 $ 1,824 $ 29 $ 187 $ 49 $ 5,506 Provision for loan losses 725 700 75 6 567 46 2,119 Loans charged-off (557 ) (226 ) (299 ) (23 ) (584 ) (31 ) (1,720 ) Recoveries 201 41 165 23 96 1 527 Total ending allowance balance $ 2,420 $ 1,881 $ 1,765 $ 35 $ 266 $ 65 $ 6,432 December 31, 2015 Commercial Real Estate Commercial and Industrial Residential Real Estate Agricultural Real Estate Consumer Agricultural Total Allowance for loan losses: Beginning balance $ 2,897 $ 1,559 $ 1,190 $ 148 $ 81 $ 88 $ 5,963 Provision for loan losses 694 1,252 899 (119 ) 362 (41 ) 3,047 Loans charged-off (1,668 ) (1,468 ) (296 ) — (309 ) — (3,741 ) Recoveries 128 23 31 — 53 2 237 Total ending allowance balance $ 2,051 $ 1,366 $ 1,824 $ 29 $ 187 $ 49 $ 5,506 The following tables present the recorded investment in loans and the balance in the allowance for loan losses by portfolio and class based on impairment method as of December 31, 2017 and 2016. December 31, 2017 Commercial Real Estate Commercial and Industrial Residential Real Estate Agricultural Real Estate Consumer Agricultural Total Allowance for loan losses: Individually evaluated for impairment $ 130 $ 87 $ 386 $ 46 $ 56 $ 36 $ 741 Collectively evaluated for impairment 2,582 2,028 1,815 190 712 236 7,563 Purchased credit impaired loans 28 21 61 83 — 1 194 Total $ 2,740 $ 2,136 $ 2,262 $ 319 $ 768 $ 273 $ 8,498 Loan Balance: Individually evaluated for impairment $ 2,728 $ 7,886 $ 4,829 $ 533 $ 556 $ 1,050 $ 17,582 Collectively evaluated for impairment 971,376 493,903 369,471 82,493 48,802 90,795 2,056,840 Purchased credit impaired loans 13,557 5,730 2,405 3,460 3 3,702 28,857 Total $ 987,661 $ 507,519 $ 376,705 $ 86,486 $ 49,361 $ 95,547 $ 2,103,279 December 31, 2016 Commercial Real Estate Commercial and Industrial Residential Real Estate Agricultural Real Estate Consumer Agricultural Total Allowance for loan losses: Individually evaluated for impairment $ 270 $ 22 $ 288 $ 2 $ 45 $ — $ 627 Collectively evaluated for impairment 2,150 1,859 1,477 33 221 65 5,805 Purchased credit impaired loans — — — — — — — Total $ 2,420 $ 1,881 $ 1,765 $ 35 $ 266 $ 65 $ 6,432 Loan Balance: Individually evaluated for impairment $ 3,182 $ 550 $ 3,321 $ 834 $ 429 $ 3 $ 8,319 Collectively evaluated for impairment 577,863 344,414 332,962 36,668 40,471 24,409 1,356,787 Purchased credit impaired loans 12,063 3,501 2,104 829 2 — 18,499 Total $ 593,108 $ 348,465 $ 338,387 $ 38,331 $ 40,902 $ 24,412 $ 1,383,605 Excluding purchased credit impaired loans, included in the above tables is $796,064, $388,251 and $87,290 of loans purchased at a discount acquired as part of a merger and the discount associated with these loans is $7,231, $3,596 and $502 at December 31, 2017, 2016 and 2015. The following table presents information related to impaired loans, excluding those purchased credit impaired loans which have not deteriorated since acquisition, by class of loans as of and for the year ended December 31, 2017. December 31, 2017 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial real estate $ 1,878 $ 1,567 $ — $ 1,426 $ 267 Commercial and industrial 8,679 8,020 — 4,572 252 Residential real estate 1,230 969 — 587 29 Agricultural real estate 52 52 — 270 12 Consumer 1 — — — 1 Agricultural 7 7 — 83 73 Subtotal 11,847 10,615 — 6,938 634 With an allowance recorded: Commercial real estate 4,049 1,597 158 1,813 16 Commercial and industrial 1,310 1,113 108 663 51 Residential real estate 4,868 4,468 447 3,916 95 Agricultural real estate 1,266 1,034 129 527 16 Consumer 677 559 56 448 15 Agricultural 1,798 1,444 37 469 2 Subtotal 13,968 10,215 935 7,836 195 Total $ 25,815 $ 20,830 $ 935 $ 14,774 $ 829 The above table presents interest income for the twelve months ended December 31, 2017. Interest income recognized in the above table was substantially recognized on the cash basis. The recorded investment in loans excludes accrued interest receivable due to immateriality. The following table presents information related to impaired loans, excluding purchased credit impaired loans which have not deteriorated since acquisition, by portfolio and class of loans as of and for the year ended December 31, 2016. December 31, 2016 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial real estate $ 904 $ 676 $ — $ 2,764 $ 6 Commercial and industrial 510 309 — 1,475 — Residential real estate 1,230 980 — 957 15 Agricultural real estate 824 812 — 872 27 Consumer 53 51 — 35 — Agricultural — — — 67 1 Subtotal 3,521 2,828 — 6,170 49 With an allowance recorded: Commercial real estate 4,493 2,506 270 1,792 20 Commercial and industrial 265 240 22 122 1 Residential real estate 2,433 2,341 288 1,336 32 Agricultural real estate 23 23 2 6 — Consumer 449 378 45 271 9 Agricultural 3 3 — 24 5 Subtotal 7,666 5,491 627 3,551 67 Total $ 11,187 $ 8,319 $ 627 $ 9,721 $ 116 The above table presents interest income for the twelve months ended December 31, 2016. Interest income recognized in the above table was substantially recognized on the cash basis. The recorded investment in loans excludes accrued interest receivable due to immateriality. The following tables present the aging of the recorded investment in past due loans as of December 31, 2017 and 2016, by portfolio and class of loans. December 31, 2017 30 – 59 Days Past Due 60 – 89 Days Past Due Greater 90 Days Past Due Still On Accrual Nonaccrual Loans Not Past Due Total Commercial real estate $ 1,284 $ 22 $ — $ 11,607 $ 974,748 $ 987,661 Commercial and industrial 251 6 — 13,217 494,045 507,519 Residential real estate 1,457 1,176 — 6,148 367,924 376,705 Agricultural real estate 123 — — 3,993 82,370 86,486 Consumer 359 112 — 559 48,331 49,361 Agricultural 415 — — 4,752 90,380 95,547 Total $ 3,889 $ 1,316 $ — $ 40,276 $ 2,057,798 $ 2,103,279 December 31, 2016 30 – 59 Days Past Due 60 – 89 Days Past Due Greater 90 Days Past Due Still On Accrual Nonaccrual Loans Not Past Due Total Commercial real estate $ 2,955 $ 788 $ — $ 12,258 $ 577,107 $ 593,108 Commercial and industrial 419 — — 4,051 343,995 348,465 Residential real estate 368 847 — 4,285 332,887 338,387 Agricultural real estate — — — 1,664 36,667 38,331 Consumer 303 43 — 432 40,124 40,902 Agricultural 52 — — 3 24,357 24,412 Total $ 4,097 $ 1,678 $ — $ 22,693 $ 1,355,137 1,383,605 Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. Consumer loans are considered unclassified credits unless downgraded due to payment status or reviewed as part of a larger credit relationship. The Company uses the following definitions for risk ratings: Pass : Loans classified as pass do not have any noted weaknesses and repayment of the loan is expected. These loans are considered unclassified. Special Mention : Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Company’s credit position at some future date. These loans are considered classified. Substandard : Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. These loans are considered classified. Doubtful : Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. These loans are considered classified. The risk category of loans by class of loans is as follows as of December 31, 2017 and 2016. December 31, 2017 Unclassified Classified Total Commercial real estate $ 971,458 $ 16,203 $ 987,661 Commercial and industrial 486,150 21,369 507,519 Residential real estate 370,151 6,554 376,705 Agricultural real estate 77,084 9,402 86,486 Consumer 48,777 584 49,361 Agricultural 88,261 7,286 95,547 Total $ 2,041,881 $ 61,398 2,103,279 December 31, 2016 Unclassified Classified Total Commercial real estate $ 576,070 $ 17,038 $ 593,108 Commercial and industrial 341,307 7,158 348,465 Residential real estate 333,298 5,089 338,387 Agricultural real estate 36,190 2,141 38,331 Consumer 40,382 520 40,902 Agricultural 24,134 278 24,412 Total $ 1,351,381 $ 32,224 1,383,605 Purchased Credit Impaired Loans The Company has acquired loans, for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. The recorded investments in purchased credit impaired loans as of December 31, 2017, 2016 and 2015 were as follows. 2017 2016 2015 Contractually required principal payments $ 41,349 $ 27,413 $ 7,550 Discount (12,492 ) (8,914 ) (1,794 ) Recorded investment $ 28,857 $ 18,499 $ 5,756 The accretable yield associated with these loans was $1,980, $1,063 and $935 as of December 31, 2017, 2016 and 2015. The interest income recognized on these loans was $1,785, $1,237 and $866 for the years ended December 31, 2017, 2016 and 2015. For the year ended December 31, 2017 there was $194 provision for loan losses recorded for these loans and no provision for loan losses were recorded for these loans for the years ended December 31, 2016 and 2015. Troubled Debt Restructurings The company had no material loans modified under troubled debt restructurings as of December 31, 2017 and 2016. |
OTHER REAL ESTATE OWNED
OTHER REAL ESTATE OWNED | 12 Months Ended |
Dec. 31, 2017 | |
Banking And Thrift [Abstract] | |
OTHER REAL ESTATE OWNED | NOTE 5 – OTHER REAL ESTATE OWNED Changes in other real estate owned for the years ended December 31, 2017 and 2016 were as follows. 2017 2016 Beginning of year $ 8,656 $ 5,811 Transfers in 4,562 3,006 Acquired in acquisition 41 2,744 Gain on sales 121 156 Proceeds from sales (5,461 ) (3,017 ) 7,919 8,700 Additions to valuation reserve (12 ) (44 ) Recorded investment $ 7,907 $ 8,656 Expenses related to other real estate owned for the years ended December 31, 2017, 2016 and 2015 were as follows. 2017 2016 2015 Net loss (gain) on sales $ (121 ) $ (156 ) $ (131 ) Provision for unrealized losses 12 44 87 Operating expenses, net of rental income 632 498 331 $ 523 $ 386 $ 287 The balance of real estate owned includes $704 of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property at December 31, 2017 and $1,938 at December 31, 2016. The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $2,186 at December 31, 2017 and $1,006 at December 31, 2016. |
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT | 12 Months Ended |
Dec. 31, 2017 | |
Property Plant And Equipment [Abstract] | |
PREMISES AND EQUIPMENT | NOTE 6 – PREMISES AND EQUIPMENT Major classifications of premises and equipment, stated at cost, are as follows. 2017 2016 Land $ 13,842 $ 10,709 Buildings and improvements 51,703 41,645 Furniture, fixtures and equipment 11,620 9,537 77,165 61,891 Less: accumulated depreciation (13,716 ) (11,376 ) Premises and equipment, net $ 63,449 $ 50,515 Operating Leases The Company leases certain branch properties under operating leases. Rent expense was $691, $554 and $545 for 2017, 2016 and 2015. Rent commitments at December 31, 2017, before considering renewal options that generally are present, were as follows. Due in one year or less $ 653 Due after one year through two years 252 Due after two years through three years 173 Due after three years through four years 139 Due after four years through five years 141 Thereafter 2,741 Total $ 4,099 |
GOODWILL AND CORE DEPOSIT INTAN
GOODWILL AND CORE DEPOSIT INTANGIBLES | 12 Months Ended |
Dec. 31, 2017 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
GOODWILL AND CORE DEPOSIT INTANGIBLES | NOTE 7 – GOODWILL AND CORE DEPOSIT INTANGIBLES The assets and liabilities acquired in business combinations are recorded at their estimated fair values at the acquisition date. The excess of the purchase price over the estimated fair value of the net assets for tax free acquisitions is recorded as goodwill, none of which is deductible for tax purposes. The excess of the purchase price over the estimated fair value of the net assets for taxable acquisitions is recorded as goodwill and is deductible for tax purposes. The carrying basis of goodwill and core deposit intangibles as of and for the years ended December 31, 2017 and 2016 were as follows. Goodwill Core Deposit Balance as of January 1, 2016 $ 18,130 $ 1,549 Acquired in acquisition 40,744 3,579 Amortization — (413 ) Balance as of December 31, 2016 58,874 4,715 Acquired in acquisition 46,033 7,048 Amortization — (1,025 ) Balance as of December 31, 2017 $ 104,907 $ 10,738 Estimated amortization expense for each of the following five years and thereafter is listed in the following table. Expensed in one year or less $ 1,535 Expensed after one year through two years 1,535 Expensed after two years through three years 1,399 Expensed after three years through four years 1,327 Expensed after four years through five years 1,138 Thereafter 3,804 Total $ 10,738 |
QUALIFIED AFFORDABLE HOUSING PR
QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS | 12 Months Ended |
Dec. 31, 2017 | |
Investments In Affordable Housing Projects [Abstract] | |
QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS | NOTE 8 – QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS The Company invests in qualified affordable housing projects. At December 31, 2017, 2016 and 2015, the balances of the investments in qualified affordable housing projects were $4,604, $4,983 and $4,939. These balances are reflected in the other assets line in the consolidated balance sheets. Total unfunded commitments related to the investments in qualified affordable housing projects totaled $1,967, $2,504 and $3,093 at December 31, 2017, 2016 and 2015. The Company expects to fulfill these commitments during the years 2018 through 2023. During the years ended December 31, 2017, 2016 and 2015, the Company recognized amortization expense of $376, $296 and $224, which was included within pretax income on the consolidated statements of income. Additionally, during the years ended December 31, 2017, 2016 and 2015, the Company recognized tax credits from its investment in affordable housing tax credits of $657, $625 and $435. |
DERIVATIVE FINANCIAL INSTRUMENT
DERIVATIVE FINANCIAL INSTRUMENTS | 12 Months Ended |
Dec. 31, 2017 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments | NOTE 9 – DERIVATIVE FINANCIAL INSTRUMENTS Interest Rate Swaps Designated as Fair Value Hedges The Company periodically enters into interest rate swaps to hedge the fair value of certain commercial real estate loans. These transactions are designated as fair value hedges. In this type of transaction, the Company typically receives from the counterparty a variable-rate cash flow based on the one-month London Interbank Offered Rate (LIBOR) plus a spread to this index and pays a fixed-rate cash flow equal to the customer loan rate. At December 31, 2017, the portfolio of interest rate swaps had a weighted average maturity of 8.7 years, a weighted average pay rate of 4.94% and a weighted average rate received of 4.13%. At December 31, 2016, the portfolio of interest rate swaps had a weighted average maturity of 9.0 years, a weighted average pay rate of 4.82% and a weighted average rate received of 3.50%. Stand-Alone Derivatives In 2009, the Company purchased an interest rate cap derivative to assist with interest rate risk management. This derivative is not designated as a hedging instrument but rather as a stand-alone derivative. At December 31, 2017, the interest rate cap had a term of 1.9 years and a cap rate of 4.50%. At December 31, 2016, the interest rate cap had a term of 2.9 years and a cap rate of 4.50%. Reconciliation of Derivative Fair Values and Gains/(Losses) The notional amount of a derivative contract is a factor in determining periodic interest payments or cash flows received or paid. The notional amount of derivatives serves as a level of involvement in various types of derivatives. The notional amount does not represent the Company’s overall exposure to credit or market risk, generally, the exposure is significantly smaller. The following table shows the notional balances and fair values (including net accrued interest) of the derivatives outstanding by derivative type at December 31, 2017 and December 31, 2016. December 31, 2017 December 31, 2016 Notional Amount Derivative Assets Derivative Liabilities Notional Amount Derivative Assets Derivative Liabilities Derivatives designated as hedging instruments: Interest rate swaps $ 17,231 $ — $ 46 $ 15,923 $ — $ 39 Total derivatives designated as hedging relationships 17,231 — 46 15,923 — 39 Derivatives not designated as hedging instruments: Interest rate caps/floors 2,574 1 — 2,865 1 — Total derivatives not designated as hedging instruments 2,574 1 — 2,865 1 — Total $ 19,805 1 46 $ 18,788 1 39 Cash collateral — (210 ) — (190 ) Netting adjustments 164 164 151 151 Net amount presented in balance sheet $ 165 $ — $ 152 $ — For the years ended December 31, 2017, 2016 and 2015, the Company recorded net losses on derivatives and hedging activities. 2017 2016 2015 Derivatives designated as hedging instruments: Interest rate swaps $ — $ — $ — Total net gain (loss) related to fair value hedge ineffectiveness — — — Derivatives not designated as hedging instruments: Economic hedges: Interest rate caps/floors (1 ) (1 ) (9 ) Total net gains (losses) related to derivatives not designated as hedging instruments (1 ) (1 ) (9 ) Net gains (losses) on derivatives and hedging activities $ (1 ) $ (1 ) $ (9 ) The following table shows the recorded net gains (losses) on derivatives and the related hedged items in fair value hedging relationships and the impact of those derivatives on the Company’s net interest income for the years ended December 31, 2017, 2016 and 2015. December 31, 2017 Gain/(Loss) on Derivatives Gain/(Loss) on Hedged Items Net Fair Value Hedge Ineffectiveness Effect of Derivatives on Net Interest Income Commercial real estate loans $ 12 $ (12 ) $ — $ (137 ) Total $ 12 $ (12 ) $ — $ (137 ) December 31, 2016 Gain/(Loss) on Derivatives Gain/(Loss) on Hedged Items Net Fair Value Hedge Ineffectiveness Effect of Derivatives on Net Interest Income Commercial real estate loans $ 211 $ (211 ) $ — $ (199 ) Total $ 211 $ (211 ) $ — $ (199 ) December 31, 2015 Gain/(Loss) on Derivatives Gain/(Loss) on Hedged Items Net Fair Value Hedge Ineffectiveness Effect of Derivatives on Net Interest Income Commercial real estate loans $ (242 ) $ 242 $ — $ (82 ) Total $ (242 ) $ 242 $ — $ (82 ) |
DEPOSITS
DEPOSITS | 12 Months Ended |
Dec. 31, 2017 | |
Banking And Thrift [Abstract] | |
DEPOSITS | NOTE 10 – DEPOSITS Time deposits that met or exceeded the FDIC insurance limit of $250 totaled $245,321 and $158,932 as of December 31, 2017 and 2016. At December 31, 2017 and 2016, brokered deposits of $62,988 and $5,427 were included in the Company’s time deposit balance. Of the brokered deposits at December 31, 2017 and 2016, $22,934 and $4,427 were customer funds placed in the Certificate of Deposit Account Registry Service (“CDARS”) program. CDARS allows Equity Bank to break large deposits into smaller amounts and place them in a network of other CDARS banks to ensure that FDIC insurance coverage is gained on the entire deposit. Although classified as brokered deposits for regulatory purposes, funds placed through the CDARS program are Equity Bank’s customer relationships. At December 31, 2017, the scheduled maturities of time deposits are as follows. Due in one year or less $ 503,803 Due after one year through two years 123,235 Due after two years through three years 58,090 Due after three years through four years 33,171 Due after four years through five years 56,886 Thereafter 1,314 Total $ 776,499 |
BORROWINGS
BORROWINGS | 12 Months Ended |
Dec. 31, 2017 | |
Debt Disclosure [Abstract] | |
BORROWINGS | NOTE 11 – BORROWINGS Federal funds purchased and retail repurchase agreements Federal funds purchased and retail repurchase agreements included the following at December 31, 2017 and 2016. 2017 2016 Federal funds purchased $ — $ — Retail repurchase agreements $ 37,492 $ 20,637 Securities sold under agreements to repurchase (retail repurchase agreements) consist of obligations of the Company to other parties. The obligations are secured by residential mortgage-backed securities held by the Company with a fair value of $44,768 and $23,389 at December 31, 2017 and December 31, 2016. The agreements are on a day-to-day basis and can be terminated on demand. The following table presents the borrowing usage and interest rate information for federal funds purchased and retail repurchase agreements at and for the years ended December 31, 2017 and 2016. 2017 2016 Average daily balance during the period $ 25,823 $ 22,599 Average interest rate during the period 0.25 % 0.26 % Maximum month-end balance during the period $ 43,843 $ 25,382 Weighted average interest rate at period-end 0.23 % 0.27 % Federal Home Loan Bank advances Federal Home Loan Bank advances as of December 31, 2017 and 2016 were as follows. 2017 2016 Federal Home Loan Bank line of credit advances $ 347,692 $ 259,588 Federal Home Loan Bank fixed rate term advances — — Total Federal Home Loan Bank advances $ 347,692 $ 259,588 At December 31, 2017 and 2016, the Company had $347,692 and $259,588 drawn against its line of credit at a weighted average rate of 1.47% and 0.72%. At December 31, 2017 and 2016, the Company had undisbursed advance commitments (letters of credit) with the Federal Home Loan Bank of $5,690 and $0. These letters of credit were obtained in lieu of pledging securities to secure public fund deposits that are over the FDIC insurance limit. The advances, Mortgage Partnership Finance credit enhancement obligations and letters of credit were collateralized by certain qualifying loans totaling $478,966 and $454,025 at December 31, 2017 and 2016. Based on this collateral and the Company’s holdings of Federal Home Loan Bank stock, the Company was eligible to borrow an additional $125,271 and $193,674 at December 31, 2017 and 2016. Bank stock loan At January 1, 2016, the Company had an outstanding balance of $18,612 on a fixed rate 4.00% loan (computed on the basis of a 360 day year and the actual number of days elapsed) from an unaffiliated financial institution, secured by the Company’s stock in Equity Bank. This borrowing was repaid on January 4, 2016 using proceeds from the Company’s initial public offering (“IPO”). On January 28, 2016, the Company entered into a new agreement with the same lender that provided for a maximum borrowing facility of $20,000, secured by the Company’s stock in Equity Bank. At December 31, 2016, there was no outstanding balance on this loan. The borrowing facility matured on January 26, 2017 and was subsequently extended, at which time the Company entered into a new agreement with the same lender that provides for a maximum borrowing facility of $30,000, secured by the Company’s stock in Equity Bank. The borrowing facility was recently renewed for an additional year and will mature on March 13, 2019. Each draw of funds on the facility will create a separate note that is repayable over a term of five years. Each note will bear interest at a variable interest rate equal to the prime rate published in the “Money Rates” section of The Wall Street Journal The terms of the borrowing facility require the Company and Equity Bank to maintain minimum capital ratios and other covenants. The Company believes it is in compliance with the terms of the borrowing facility and has not been otherwise notified of noncompliance. |
SUBORDINATED DEBENTURES
SUBORDINATED DEBENTURES | 12 Months Ended |
Dec. 31, 2017 | |
Brokers And Dealers [Abstract] | |
SUBORDINATED DEBENTURES | NOTE 12 – SUBORDINATED DEBENTURES In conjunction with the 2012 acquisition of First Community Bancshares, Inc. (FCB), the Company assumed certain subordinated debentures owed to special purpose unconsolidated subsidiaries that are controlled by the Company, FCB Capital Trust II and FCB Capital Trust III, (“CTII” and “CTIII”, respectively). On March 24, 2005, CTII, an unconsolidated subsidiary of the Company, issued $10,000 of variable rate trust preferred securities, all of which are outstanding at December 31, 2017 and 2016. The trust preferred securities issued by CTII accrue and pay distributions quarterly at three-month LIBOR plus 2.00% (3.36% at December 31, 2017 and 2.88% at December 31, 2016) on the stated liquidation amount of the trust preferred securities. As an integral part of the acquisition of FCB, the Company has guaranteed fully and unconditionally all of the obligations of CTII. The guaranty covers the quarterly distributions and payments on liquidation or redemption of the trust preferred securities. These trust preferred securities are mandatorily redeemable upon maturity on April 15, 2035 or upon earlier redemption. The Company has the right to redeem the trust preferred securities in whole or in part, on or after April 15, 2015 at a redemption price specified in the indenture plus any accrued but unpaid interest to the redemption date. The proceeds from the sale of the trust preferred securities and the issuance of $310 in common securities to FCB were used by CTII to purchase $10,310 of floating rate subordinated debentures of FCB which have the same payment terms as the trust preferred securities. On March 30, 2007, CTIII, an unconsolidated subsidiary of the Company, issued $5,000 of variable rate trust preferred securities, all of which are outstanding at December 31, 2017 and 2016. The trust preferred securities issued by CTIII accrue and pay distributions quarterly at three-month LIBOR plus 1.89% (3.48% at December 31, 2017, and 2.85% at December 31, 2016) on the stated liquidation amount of the trust preferred securities. As an integral part of the acquisition of FCB, the Company has guaranteed fully and unconditionally all of the obligations of CTIII. The guaranty covers the quarterly distributions and payments on liquidation or redemption of the trust preferred securities. These trust preferred securities are mandatorily redeemable upon maturity on June 15, 2037 or upon earlier redemption. The Company has the right to redeem the trust preferred securities in whole or in part at a redemption price specified in the indenture plus any accrued but unpaid interest to the redemption date. The proceeds from the sale of the trust preferred securities and the issuance of $155 in common securities to FCB were used by CTIII to purchase $5,155 of floating rate subordinated debentures of FCB which have the same payment terms as the trust preferred securities. In conjunction with the 2016 acquisition of Community First Bancshares, Inc. (CFBI), the Company assumed certain subordinated debentures owed to special purpose unconsolidated subsidiaries, Community First (AR) Statutory Trust I, (“CFSTI”). The trust preferred securities issued by CFSTI accrue and pay distributions quarterly at three-month LIBOR plus 3.25% (4.92% at December 31, 2017 and 4.25% at December 31, 2016) on the stated liquidation amount of the trust preferred securities. These trust preferred securities are mandatorily redeemable upon maturity on December 26, 2032 or upon earlier redemption. The common securities issued to the Company by the trusts possess sole voting rights with respect to matters involving those entities. The Company has the right to defer the payment of interest on all of its outstanding trust preferred securities. The Company has the right to declare such a deferral for up to 20 consecutive quarterly periods and deferral may only be declared as long as the Company is not then in default under the provisions of the Amended and Restated Trust Agreements. During the deferral period, interest on the indebtedness continues to accrue and the unpaid interest is compounded. As long as the deferral period continues, the Company is prohibited from: (i) declaring or paying any dividend on any of its capital stock, which would include both its common stock and the outstanding preferred stock issued to the Treasury, or (ii) making any payment on any debt security that is ranked equally with or junior to the securities issued by the trust. As a part of the acquisition of FCB, the Company recorded the debentures at an estimated fair value of $8,270. As part of the acquisition of CFBI, the Company recorded the debentures at an estimated fair value of $4,187. The initial fair value adjustments will be amortized against earnings on a prospective basis. At December 31, 2017 and 2016, the contractual balance and the unamortized fair value adjustments were as follows: 2017 2016 Contractual balance $ 20,620 $ 20,620 Unamortized fair value adjustment (6,652 ) (6,936 ) Net book value $ 13,968 $ 13,684 Subordinated debentures are included in Tier 1 capital for purposes of determining the Company’s compliance with regulatory capital requirements. |
CONTRACTUAL OBLIGATIONS
CONTRACTUAL OBLIGATIONS | 12 Months Ended |
Dec. 31, 2017 | |
Commitments And Contingencies Disclosure [Abstract] | |
CONTRACTUAL OBLIGATIONS | NOTE 13 – CONTRACTUAL OBLIGATIONS At December 31, 2017 and 2016, the Company had contractual obligations of $1,967 and $2,504. Contractual obligations represent commitments made by the Company to make capital investments in limited-liability entities that invest in qualified affordable housing projects. The Company expects to fulfill these commitments during the years 2018 through 2024. |
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY | 12 Months Ended |
Dec. 31, 2017 | |
Equity [Abstract] | |
STOCKHOLDERS' EQUITY | NOTE 14 – STOCKHOLDERS’ EQUITY Preferred Stock The Company’s articles of incorporation provide for the issuance of 10,000,000 shares of preferred stock. On August 11, 2011, as part of the Small Business Lending Fund (“SBLF”), the Company entered into an SBLF Purchase Agreement with the United States Treasury. Under the SBLF Purchase Agreement, the Company issued the Series C preferred stock having a per share liquidation amount of $1,000 per share. The Series C preferred stock qualified as Tier 1 capital and paid quarterly dividends at a rate of 1.0% at December 31, 2015. At December 31, 2015, there were 16,372 shares of senior non-cumulative perpetual preferred stock, Series C (the Series C preferred stock) issued and outstanding. A portion of the proceeds of the IPO were used to redeem the Series C preferred stock on January 4, 2016 at liquidation amount of $16,372. Common stock The Company’s articles of incorporation provide for the issuance of 45,000,000 shares of Class A voting common stock (“Class A common stock”) and 5,000,000 shares of Class B non-voting common stock (“Class B common stock”), both of which have a par value of $0.01 per share. At December 31, 2017 and 2016, the following table presents shares that were issued and were held in treasury or were outstanding. 2017 2016 Class A common stock – issued 15,876,650 12,393,124 Class A common stock – held in treasury (1,271,043 ) (1,271,043 ) Class A common stock – outstanding 14,605,607 11,122,081 Class B common stock – issued 234,903 793,130 Class B common stock – held in treasury (234,903 ) (234,903 ) Class B common stock – outstanding — 558,227 Treasury stock is stated at cost, determined by the first-in, first-out method. On November 10, 2016, the Company completed its acquisition of Community First Bancshares, Inc. (“Community”) of Harrison, Arkansas. There were a total of 2,689,690 shares of Class A common stock issued in connection with this acquisition. The Company closed a private placement of 770,000 shares of its Class A common stock at $32.50 per share on December 20, 2016. The net proceeds of $23.6 million, after offering costs of $1.4 million, were used to pay off the Company’s $6.0 million line of credit and will provide working capital for continuing growth strategies. On March 10, 2017, the Company completed its merger with Prairie State Bancshares, Inc. (“Prairie”) of Hoxie, Kansas. There were a total of 479,465 shares of Class A common stock issued in connection with this merger. On November 10, 2017, the Company completed its mergers with Eastman National Bancshares, Inc. (“Eastman”) of Newkirk, Oklahoma and Cache Holdings, Inc. (“Cache”) of Tulsa, Oklahoma. There were a total of 1,179,747 shares of Class A common stock issued in connection with the Eastman merger and 1,190,941 shares of Class A common stock issued in connection with the Cache merger. Restricted stock unit plan termination loans In connection with termination of the Company’s restricted stock unit plan (“RSUP”), 203,216 shares of Class A common stock were issued in May 2015 to employees with vested restricted stock units. Additional paid-in capital includes $224 of tax benefits in excess of those previously provided in connection with stock compensation expense. Also in connection with the termination of the RSUP, the Company agreed to loan electing participants an amount equal to each participant’s federal and state income tax withholding obligation associated with the stock issuance. These loans totaling $121 at December 31, 2017, are collateralized by the shares received with a maturity date of December 31, 2018, and an interest rate of 1.68%. Accumulated other comprehensive income (loss) For the years ended December 31, 2017 and 2016, accumulated other comprehensive income consisted of (i) the after tax effect of unrealized gains (losses) on available-for-sale securities and (ii) the after tax effect of unamortized unrealized gains (losses) on securities transferred from the available-for-sale designation to the held-to-maturity designation. During 2017, 2016 and 2015, gains of $271, $893 and $370 were reclassified from accumulated other comprehensive income to net gains on sales of and settlement of securities within the consolidated statement of income and $532, $615 and $767 of accretion expense were reclassified from accumulated other comprehensive income to taxable interest income on securities within the consolidated statement of income. Components of accumulated other comprehensive income as of December 31, 2017 and 2016 were as follows. Available -for-Sale Securities Held-to -Maturity Securities Accumulated Other Comprehensive Income December 31, 2017 Net unrealized or unamortized gains (losses) $ (1,797 ) $ (2,344 ) $ (4,141 ) Tax effect 455 594 $ 1,049 $ (1,342 ) $ (1,750 ) $ (3,092 ) December 31, 2016 Net unrealized or unamortized gains (losses) $ (1,500 ) $ (2,876 ) $ (4,376 ) Tax effect 574 1,100 1,674 $ (926 ) $ (1,776 ) $ (2,702 ) |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 15 – INCOME TAXES Income tax expense is listed in the following table. 2017 2016 2015 Current income tax expense Federal $ 6,474 $ 2,863 $ 1,157 State 1,282 723 558 Total current income tax expense 7,756 3,586 1,715 Deferred income tax expense Federal 2,550 865 2,263 State 71 44 164 Total deferred income tax expense 2,621 909 2,427 Total income tax expense $ 10,377 $ 4,495 $ 4,142 A reconciliation of income tax expense at the U.S. federal statutory rate (35% in 2017, 2016 and 2015) to the Company’s actual income tax expense is shown below. 2017 2016 2015 Computed at the statutory rate $ 10,862 $ 4,854 $ 5,055 Increase (decrease) resulting from: State and local taxes, net of federal benefit 717 449 457 Tax-exempt interest (1,177 ) (576 ) (370 ) Non-taxable life insurance income (506 ) (350 ) (335 ) Non-deductible expenses 376 689 167 Share-based payments (335 ) — — Federal tax credits (660 ) (625 ) (435 ) Gain on acquisition — — (239 ) Change in valuation allowance 187 65 13 Effect of tax reform 1,086 — — Other (173 ) (11 ) (171 ) Income tax expense $ 10,377 $ 4,495 $ 4,142 On December 22, 2017, Tax Reform was enacted which reduced the U.S. federal statutory income tax rate from 35% to 21% effective January 1, 2018. On the same date, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 118, which specifies that reasonable estimates of the income tax effects of Tax Reform should be used to account for the effects of Tax Reform in the period of enactment as required by generally accepted accounting principals and also provided for a measurement period that should not extend beyond one year from Tax Reform’s enactment date. The Company has accounted for the effects of Tax Reform using reasonable estimates based on currently available information. This accounting may change due to changes in interpretations the Company has made and the issuance of new tax or accounting guidance. The direct impact to the 2017 financial statements was the re-measurement of the Company’s December 31, 2017, deferred tax assets and liabilities which are expected to reverse beginning in 2018. The re-measurement of the Company’s net deferred tax asset resulted in $1,086 additional income tax expense being recognized in 2017, including a $535 decrease in the net deferred tax assets related to unrealized or unamortized losses on securities. The impact of this re-measurement is included in the statutory rate reconciliation above. With the exception of the revaluation adjustment required by Tax Reform, the deferred tax effects of unrealized or unamortized gains and losses on securities are recorded directly to stockholders’ equity as part of other comprehensive income. Effective January 1, 2017, the Company adopted the provisions of ASU 2016-09 on a prospective basis. In accordance with ASU 2016-09, $335 tax benefits, which were generated when the tax deduction for share-based payments exceeded book compensation costs, reduced income tax expense for the year ended December 31, 2017. Prior to the adoption of ASU 2016-09, excess tax benefits associated with share-based payments were recognized in paid-in-capital and totaled $13 and $224 in 2016 and 2015. Components of deferred tax assets and liabilities are shown in the table below. 2017 2016 Deferred tax assets Allowance for loan losses $ 2,121 $ 2,460 Net unrealized or unamortized losses on securities 1,034 1,674 Tax credit carryforwards 974 974 Accrued compensation 1,208 1,450 Net operating loss carryforwards 797 880 Other real estate owned 588 1,764 Acquired loans fair market value adjustments 4,532 4,279 Other 404 616 Gross deferred tax assets 11,658 14,097 Deferred tax liabilities Assumed debt fair market value adjustments $ 1,607 2,608 Goodwill amortization 1,267 1,685 Depreciation 1,831 2,153 Federal Home Loan Bank stock dividends 764 882 Core deposit intangibles 2,301 1,715 Other 360 360 Gross deferred tax liabilities 8,130 9,403 State valuation allowance (571 ) (382 ) Net deferred tax asset $ 2,957 $ 4,312 Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax basis and are stated at enacted tax rates expected to be in effect when taxes are actually paid or recovered. In 2017, the Company recognized deferred tax assets of $2,832 and deferred tax liabilities of $2,075 for temporary differences associated with the Eastman merger and deferred tax assets of $1,446 and deferred tax liabilities of $694 for temporary differences associated with the Cache merger. In 2016, the Company recognized deferred tax assets of $6,621 and deferred tax liabilities of $2,537 for temporary differences associated with the Community First merger. Federal net operating losses, acquired through previous acquisitions, totaled $880 at December 31, 2017 and will expire between 2030 and 2031. Acquired federal tax credits totaling $974 will expire between 2027 and 2034. The utilization of these net operating loss and tax credit carryforwards are not expected to be limited by internal revenue code sections 382 and 383. The Company and its subsidiaries are subject to U.S. federal income tax as well as income tax of the states of Arkansas, Kansas, Missouri, Oklahoma and Iowa. Commercial banks are not allowed to file consolidated Kansas returns with non-bank consolidated group members. The Company has unused state operating loss carryforwards of approximately $15,160 that expire between 2018 and 2027 resulting from the separate Kansas returns of the Company and SA Holdings, Inc. These operating losses, as well as certain deferred tax assets, have a full valuation allowance recorded against them resulting in a zero carrying value. In connection with a 2015 acquisition, the Company acquired Kansas net operating losses useable against Kansas bank income. At December 31, 2017, the Kansas net operating loss carryforward useable against Kansas bank income totaled $3,622 with expiration dates between 2019 and 2022. The utilization of this acquired Kansas net operating loss carryforward is expected to be limited, and a valuation allowance has been recorded against the portion which is expected to expire unused. In establishing a valuation allowance management considers whether it is more likely than not that some or all of the deferred tax assets will not be realized. The Company is no longer subject to examination by taxing authorities for years before 2013. At December 31, 2017, there were no examinations in any jurisdiction. |
REGULATORY MATTERS
REGULATORY MATTERS | 12 Months Ended |
Dec. 31, 2017 | |
Banking And Thrift [Abstract] | |
REGULATORY MATTERS | NOTE 16 – REGULATORY MATTERS Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (Basel III rules) became effective for the Company on January 1, 2015, with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. The Basel III rules also require banks to maintain a Common Equity Tier 1 capital ratio of 6.5%, a total Tier 1 capital ratio of 8%, a total capital ratio of 10% and a leverage ratio of 5% to be deemed “well capitalized” for purposes of certain rules and prompt corrective action requirements. The risk-based ratios include a “capital conservation buffer” of 2.5%. The new capital conservation buffer requirement is to be phased in beginning in January 2016 at 0.625% of risk-weighted assets and will increase by that amount each year until fully implemented in January 2019. An institution would be subject to limitations on certain activities, including payment of dividends, share repurchases and discretionary bonuses to executive officers, if its capital level is below the buffer amount. Management believes as of December 31, 2017, the Company and Bank meet all capital adequacy requirements to which they are subject. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as are asset growth and acquisitions and capital restoration plans are required. As of December 31, 2017, the most recent notifications from the federal regulatory agencies categorized Equity Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, Equity Bank must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed Equity Bank’s category. The Company’s and Equity Bank’s capital amounts and ratios at December 31, 2017 and 2016, are presented in the tables below. Ratios provided for Equity Bancshares, Inc. represent the ratios of the Company on a consolidated basis. Actual Minimum Required for Capital Adequacy Under Basel III Phase-In Minimum Required for Capital Adequacy Under Basel III Fully Phased-In To Be Well Capitalized Under Prompt Corrective Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2017 Total capital to risk weighted assets Equity Bancshares, Inc. $ 288,353 12.54 % $ 212,705 9.25 % $ 241,449 10.50 % $ N/A N/A Equity Bank 279,712 12.17 % 212,682 9.25 % 241,423 10.50 % 229,927 10.00 % Tier 1 capital to risk weighted assets Equity Bancshares, Inc. 279,855 12.17 % 166,715 7.25 % 195,459 8.50 % N/A N/A Equity Bank 271,214 11.80 % 166,697 7.25 % 195,438 8.50 % 183,942 8.00 % Common equity Tier 1 capital to risk weighted assets Equity Bancshares, Inc. 265,887 11.56 % 132,222 5.75 % 160,966 7.00 % N/A N/A Equity Bank 271,214 11.80 % 132,208 5.75 % 160,949 7.00 % 149,452 6.50 % Tier 1 leverage to average assets Equity Bancshares, Inc. 279,855 10.33 % 108,372 4.00 % 108,372 4.00 % N/A N/A Equity Bank 271,214 10.01 % 108,351 4.00 % 108,351 4.00 % 135,439 5.00 % Actual Minimum Required for Capital Adequacy Under Basel III Phase-In Minimum Required for Capital Adequacy Under Basel III Fully Phased-In To Be Well Capitalized Under Prompt Corrective Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2016 Total capital to risk weighted assets Equity Bancshares, Inc. $ 221,779 14.67 % $ 130,372 8.63 % $ 158,714 10.50 % $ N/A N/A Equity Bank 196,478 13.01 % 130,283 8.63 % 158,606 10.50 % 151,053 10.00 % Tier 1 capital to risk weighted assets Equity Bancshares, Inc. 215,347 14.25 % 100,141 6.63 % 128,483 8.50 % N/A N/A Equity Bank 190,046 12.58 % 100,073 6.63 % 128,395 8.50 % 120,842 8.00 % Common equity Tier 1 capital to risk weighted assets Equity Bancshares, Inc. 201,663 13.34 % 77,468 5.13 % 105,809 7.00 % N/A N/A Equity Bank 190,046 12.58 % 77,415 5.13 % 105,737 7.00 % 98,184 6.50 % Tier 1 leverage to average assets Equity Bancshares, Inc. 215,347 11.81 % 72,920 4.00 % 72,920 4.00 % N/A N/A Equity Bank 190,046 10.42 % 72,924 4.00 % 72,924 4.00 % 91,155 5.00 % Equity Bank is subject to certain restrictions on the amount of dividends that it may declare without prior regulatory approval. |
RELATED-PARTY TRANSACTIONS
RELATED-PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2017 | |
Related Party Transactions [Abstract] | |
RELATED-PARTY TRANSACTIONS | NOTE 17 – RELATED PARTY TRANSACTIONS At December 31, 2017 and 2016, the Company had loans outstanding to executive officers, directors, significant stockholders, and their affiliates (related parties), in the amount of $3,892 and $3,713. Changes during 2017 are listed below. 2017 Balance at January 1, 2017 $ 3,713 New loans/advances 1,368 Repayments (1,189 ) Balance at December 31, 2017 $ 3,892 At December 31, 2017 and 2016, the Company had deposits from executive officers, directors, significant stockholders, and their affiliates (related parties), in the amount of $6,274 and $5,351. |
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS | 12 Months Ended |
Dec. 31, 2017 | |
Compensation And Retirement Disclosure [Abstract] | |
EMPLOYEE BENEFITS | NOTE 18 – EMPLOYEE BENEFITS The Company has a defined contribution profit sharing plan and a retirement savings 401(k) plan covering substantially all employees. Employees may contribute up to $18 of their compensation. Contributions to the profit sharing plan and 401(k) plan are discretionary and are determined annually by the Board of Directors. Employer contributions charged to expense for 2017, 2016 and 2015 were $704, $479 and $414. As a result of the acquisition of First Independence, the Company assumed the obligations related to First Independence’s participation in the Pentegra Defined Benefit Plan for Financial Institutions, a tax-qualified defined benefit pension plan. The Pentegra Defined Benefit Plan is treated as a multi-employer plan for accounting purposes but operates as a multiple-employer plan under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code. As a result, certain multi-employer plan disclosures are not applicable to the Pentegra Defined Benefit Plan. Under the Pentegra Defined Benefit Plan, contributions made by a participating employer may be used to provide benefits to employees of other participating employers because assets contributed by an employer are not segregated in a separate account or restricted to provide benefits only to employees of that employer. Also, in the event a participating employer is unable to meet its contribution requirements, the required contributions for the other participating employers could increase proportionately. The Pentegra Defined Benefit Plan covered substantially all officers and employees of First Independence who began employment prior to December 31, 2009, with 57 participants retaining benefits under the plan. The Pentegra Defined Benefit Plan operates on a fiscal year from July 1 through June 30 and files one Form 5500 on behalf of all employers who participate in the plan. The Employer Identification Number is 13-5645888 and the three-digit plan number is 333. There are no collective bargaining agreements in place at the Company. The Pentegra Defined Benefit Plan’s annual valuation process includes calculating the plan’s funded status and separately calculating the funded status of each participating employer. The funded status is defined as the market value of assets divided by the funding target (100 percent of the present value of all benefit liabilities accrued at that date). As permitted by ERISA, the Pentegra Defined Benefit Plan accepts contributions for the prior plan year up to eight and a half months after the asset valuation date. As a result, the fair value of assets at the valuation date (July 1) will increase by any subsequent contributions designated for the immediately preceding plan year ended June 30. The most recent Form 5500 available for the Pentegra Defined Benefit Plan is for the year ended June 30, 2016. The following table presents the net pension cost and funded status of the Company relating to the Pentegra Defined Benefit Plan since the date of acquisition (dollar amounts in thousands). 2017 2016 Net pension cost charged to salaries and employee benefits $ 84 $ 71 Pentegra defined benefit plan funded status as of July 1 110.37 % 104.72 % Plan's funded status as of July 1 96.89 % 97.75 % Contributions paid to the plan $ 65 $ 62 The Company’s contributions to the Pentegra Defined Benefit Plan were less than 5.00% of the total contributions to the Pentegra Defined Benefit plan for the plan year ended June 30, 2016. |
SHARE-BASED PAYMENTS
SHARE-BASED PAYMENTS | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
SHARE-BASED PAYMENTS | NOTE 19 – SHARE-BASED PAYMENTS The Company’s Amended and Restated 2013 Stock Incentive Plan (the Plan) reserved 900,000 shares for the grant of non-qualified stock options, restricted stock units, restricted stock and unrestricted stock to its employees and directors. The Plan replaced the 2006 Non-qualified Stock Option Plan (2006 Plan). Under the 2006 Plan, there were 150,000 and 203,700 fully vested and exercisable options outstanding at December 31, 2017 and 2016. No new grants of options may be made under the 2006 Plan. The Company believes that stock-based awards better align the interests of its employees with those of its stockholders. Under the Company’s director compensation policy, directors may elect to receive all or a portion of their fees in cash, Company stock or non-qualified stock options. During the years ended December 31, 2017 and 2016, the Company recognized director compensation expense of $46 and $32 and issued 1,457 and 953 shares of Company stock pursuant to certain directors’ elections under the Company’s director compensation policy. There were no directors’ elections for payment of director compensation in Company stock in the year ended December 31, 2015. At December 31, 2017, there were 219,252 shares available for equity awards under the Plan. Stock Option Awards The following tables summarize stock option activity for the years ended December 31, 2017 and 2016. December 31, 2017 Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at beginning of year 590,835 $ 16.69 7 $ 10,017 Granted 305,404 33.05 10 — Exercised (71,434 ) (17.01 ) (3 ) — Forfeited or expired (27,284 ) (27.72 ) (10 ) — Outstanding at end of year 797,521 $ 22.54 8 $ 10,261 Fully vested and expected to vest 797,521 $ 22.54 8 $ 10,261 Exercisable at end of year 484,728 $ 16.41 7 $ 8,692 December 31, 2016 Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at beginning of year 561,995 $ 15.93 8 $ 4,194 Granted 49,467 25.44 10 — Exercised (7,938 ) (14.21 ) (7 ) — Forfeited or expired (12,689 ) (18.82 ) (10 ) — Outstanding at end of year 590,835 $ 16.69 7 $ 10,017 Fully vested and expected to vest 590,835 $ 16.69 7 $ 10,017 Exercisable at end of year 453,180 $ 15.89 7 $ 7,943 The fair values of stock options granted during the years ended December 31, 2017, 2016 and 2015, were estimated to be $8.75 per share, $5.10 per share and $5.39 per share. The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model. Expected stock price volatility is based on the historical volatility of the SNL Bank Index. The expected term of options granted is based on the Simplified Method. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. The fair values of options granted were determined using the following weighted-average assumptions as of grant dates. 2017 2016 2015 Risk free rate 2.20 % 1.58 % 1.92 % Market value of stock on grant date $ 33.05 $ 25.44 $ 21.25 Expected term (in years) 6.7 5.0 5.8 Expected volatility 19.66 % 19.08 % 21.49 % Dividend rate — % — % — % Compensation expense for stock options is recognized as the options vest. Total stock option compensation cost that has been charged against income was $592, $374, and $397 for 2017, 2016 and 2015. The total income tax benefit was $226, $143 and $152. At December 31, 2017, there was $2.2 million of unrecognized compensation expense related to non-vested stock options granted under the Plan. Unrecognized compensation expense at December 31, 2017, will be recognized over a remaining weighted average period of 4 years. Restricted Stock Unit Awards Restricted stock units (RSUs) granted to employees under the Plan represent the right to receive one share of Company stock upon vesting, in accordance with the vesting schedule provided in each award agreement. To the extent vested, the RSUs become Class A voting common stock within ten calendar days of the vesting date. Non-vested RSUs have no voting rights and are not considered outstanding until vesting. The fair value of the RSUs is determined by the closing price of the Company’s stock on the date of grant. A summary of changes in the Company’s non-vested RSUs for the year is shown below. Non-vested Restricted Stock Units Shares Weighted Average Grant Date Fair Value Non-vested RSUs at January 1, 2017 — $ — Granted 9,020 32.46 Vested (2,255 ) 32.46 Forfeited (1,875 ) 29.74 Outstanding at end of year 4,890 33.50 Compensation expense is recognized over the vesting period of the award based on the fair value of RSU awards at the grant date. The Company recognized share-based compensation attributable to RSUs of $80, $0 and $0 for the years ended December 31, 2017, 2016 and 2015. The total income tax benefit was $31, $0 and $0 for the same time periods. Unrecognized RSU compensation expense of $60 at December 31, 2017, will be recognized over a remaining weighted average period of 2 years. |
EARNINGS PER SHARE
EARNINGS PER SHARE | 12 Months Ended |
Dec. 31, 2017 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | NOTE 20 – EARNINGS PER SHARE Earnings per share were computed as shown below. 2017 2016 2015 Basic: Net income allocable to common stockholders $ 20,649 $ 9,373 $ 10,123 Weighted average common shares outstanding 12,446,851 8,624,108 6,433,503 Weighted average vested restricted stock units 1,751 — 81,843 Weighted average shares 12,448,602 8,624,108 6,515,346 Basic earnings per common share $ 1.66 $ 1.09 $ 1.55 Diluted: Net income allocable to common stockholders $ 20,649 $ 9,373 $ 10,123 Weighted average common shares outstanding for: Basic earnings per common share 12,448,602 8,624,108 6,515,346 Dilutive effects of the assumed exercise of stock options 255,947 131,418 44,675 Dilutive effects of the assumed redemption of RSUs 2,635 — — Average shares and dilutive potential common shares 12,707,184 8,755,526 6,560,021 Diluted earnings per common share $ 1.62 $ 1.07 $ 1.54 Average outstanding stock options of 141,891, 92 and 365 for the years ending December 31, 2017, 2016 and 2015 were not included in the computation of diluted earnings per share because the options were antidilutive. |
FAIR VALUE
FAIR VALUE | 12 Months Ended |
Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
FAIR VALUE | NOTE 21 – FAIR VALUE The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to disclose the fair value of its financial instruments. Fair value is the exchange price that would be received for an asset or paid to transfer a liability (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. For disclosure purposes, the Company groups its financial and non-financial assets and liabilities into three different levels based on the nature of the instrument and the availability and reliability of the information that is used to determine fair value. The three levels of inputs that may be used to measure fair values are defined as follows. 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 other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Level 1 inputs are considered to be the most transparent and reliable. The Company assumes the use of the principal market to conduct a transaction of each particular asset or liability being measured and then considers the assumptions that market participants would use when pricing the asset or liability. Whenever possible, the Company first looks for quoted prices for identical assets or liabilities in active markets (Level 1 inputs) to value each asset or liability. However, when inputs from identical assets or liabilities on active markets are not available, the Company utilizes market observable data for similar assets and liabilities. The Company maximizes the use of observable inputs and limits the use of unobservable inputs to occasions when observable inputs are not available. The need to use unobservable inputs generally results from the lack of market liquidity of the actual financial instrument or of the underlying collateral. Although, in some instances, third party price indications may be available, limited trading activity can challenge the implied value of those quotations. The following is a description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of each instrument under the hierarchy. Fair Value of Assets and Liabilities Measured on a Recurring Basis The fair values of available-for-sale securities are carried at fair value on a recurring basis. To the extent possible, observable quoted prices in an active market are used to determine fair value and, as such, these securities are classified as Level 1. For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities, generally determined by matrix pricing, which is a mathematical technique widely used in the industry to value securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The Company’s available-for-sale securities, including U.S. Government sponsored agencies, residential mortgage-backed securities (all of which are issued or guaranteed by government sponsored agencies), corporate securities, Small Business Administration securities, state and political subdivision securities, and equity securities are classified as Level 2. The fair values of derivatives are determined based on a valuation pricing model using readily available observable market parameters such as interest rate yield curves (Level 2 inputs) adjusted for credit risk attributable to the seller of the derivative. Assets and liabilities measured at fair value on a recurring basis are summarized below. December 31, 2017 (Level 1) (Level 2) (Level 3) Assets: Available-for-sale securities: Residential mortgage-backed securities (issued by government-sponsored entities) $ — $ 161,591 $ — State and political subdivisions — 195 — Equity securities 486 — — Derivative assets (included in other assets) — 1 — Cash collateral held by counterparty 164 — — Total derivative assets 164 1 — Total assets 650 161,787 — Liabilities: Derivative liabilities (included in other liabilities) — 46 — Cash collateral held by counterparty (46 ) — — Total derivative liabilities (46 ) 46 — Total liabilities (46 ) 46 — December 31, 2016 (Level 1) (Level 2) (Level 3) Assets: Available-for-sale securities: U.S. government-sponsored entities $ — $ 4,782 $ — Residential mortgage-backed securities (issued by government-sponsored entities) — 86,703 — Corporate — 3,039 — Small Business Administration loan pools — 223 — State and political subdivisions — 499 — Equity securities 486 — — Derivative assets (included in other assets) — 1 — Cash collateral held by counterparty 151 — — Total derivative assets 151 1 — Total assets 637 95,247 — Liabilities: Derivative liabilities (included in other liabilities) — 39 — Cash collateral held by counterparty (39 ) — — Total derivative liabilities (39 ) 39 — Total liabilities (39 ) 39 — There were no transfers between Levels during 2017 or 2016. The Company’s policy is to recognize transfers into or out of a level as of the end of a reporting period. Fair Value of Assets and Liabilities Measured on a Non-recurring Basis Certain assets are measured at fair value on a non-recurring basis when there is evidence of impairment. The fair values of impaired loans with specific allocations of the allowance for loan losses are generally based on recent real estate appraisals of the collateral. Declines in the fair values of other real estate owned subsequent to their initial acquisitions are also based on recent real estate appraisals less selling costs. Real estate appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. Assets measured at fair value on a non-recurring basis are summarized below. December 31, 2017 (Level 1) (Level 2) (Level 3) Impaired loans: Commercial real estate $ — $ — $ 1,439 Commercial and industrial — — 1,005 Residential real estate — — 4,021 Agricultural real estate — — 905 Other — — 1,910 Other real estate owned: Commercial real estate — — 1,018 Residential real estate — — 157 December 31, 2016 (Level 1) (Level 2) (Level 3) Impaired loans: Commercial real estate $ — $ — $ 2,236 Commercial and industrial — — 218 Residential real estate — — 2,053 Agricultural real estate — — 21 Other — — 336 Other real estate owned: Commercial real estate — — 2,400 Residential real estate — — 429 The Company did not record any liabilities for which the fair value was measured on a non-recurring basis during the years ended December 31, 2017 and 2016. Valuations of impaired loans and other real estate owned utilize third party appraisals or broker price opinions and are classified as Level 3 due to the significant judgment involved. Appraisals may include the utilization of unobservable inputs, subjective factors and utilize quantitative data to estimate fair market value. The following table presents additional information about the unobservable inputs used in the fair value measurement of financial assets measured on a nonrecurring basis that were categorized with Level 3 of the fair value hierarchy. Fair Value Valuation Technique Unobservable Input Range (weighted average) December 31, 2017 Impaired loans $ 9,280 Sales Comparison Approach Adjustments for differences between comparable sales 15% - 26% (5%) December 31, 2016 Impaired loans $ 4,864 Sales Comparison Approach Adjustments for differences between comparable sales 7% - 26% (9%) Measurable inputs for other real estate owned are not material. Carrying amounts and estimated fair values of financial instruments at year end were as follows as of the date indicated. December 31, 2017 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 52,195 $ 52,195 $ 52,195 $ — $ — Interest-bearing deposits 3,496 3,496 — 3,496 — Available-for-sale securities 162,272 162,272 486 161,786 — Held-to-maturity securities 535,462 532,744 — 532,744 — Loans held for sale 16,344 16,344 — 16,344 — Loans, net of allowance for loan losses 2,094,781 2,098,431 — — 2,098,431 Federal Reserve Bank and Federal Home Loan Bank stock 24,373 N/A N/A N/A N/A Interest receivable 12,371 12,371 — 12,371 — Derivative assets 1 1 — 1 — Cash collateral held by derivative counterparty 164 164 164 — — Total derivative assets 165 165 164 1 — Total assets $ 2,901,459 $ 2,878,018 $ 52,845 $ 726,742 $ 2,098,431 Financial liabilities: Deposits $ 2,382,013 $ 2,385,528 $ — $ 2,385,528 $ — Federal funds purchased and retail repurchase agreements 37,492 37,492 — 37,492 — Federal Home Loan Bank advances 347,692 347,692 — 347,692 — Bank stock loan 2,500 2,500 — 2,500 — Subordinated debentures 13,968 13,968 — 13,968 — Contractual obligations 1,967 1,967 — 1,967 — Interest payable 1,932 1,932 — 1,932 — Derivative liabilities 46 46 — 46 — Cash collateral held by derivative counterparty (46 ) (46 ) (46 ) — — Total derivative liabilities — — (46 ) 46 — Total liabilities $ 2,787,564 $ 2,791,079 $ (46 ) $ 2,791,125 $ — December 31, 2016 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 35,095 $ 35,095 $ 35,095 $ — $ — Interest-bearing deposits 3,750 3,750 — 3,750 — Available-for-sale securities 95,732 95,732 486 95,246 — Held-to-maturity securities 465,709 461,156 — 461,156 — Loans held for sale 4,830 4,830 — 4,830 — Loans, net of allowance for loan losses 1,377,173 1,374,700 — — 1,374,700 Federal Reserve Bank and Federal Home Loan Bank stock 16,652 N/A N/A N/A N/A Interest receivable 6,991 6,991 — 6,991 — Derivative assets 1 1 — 1 — Cash collateral held by derivative counterparty 151 151 151 — — Total derivative assets 152 152 151 1 — Total assets $ 2,006,084 $ 1,982,406 $ 35,732 $ 571,974 $ 1,374,700 Financial liabilities: Deposits $ 1,630,451 $ 1,635,881 $ — $ 1,635,881 $ — Federal funds purchased and retail repurchase agreements 20,637 20,637 — 20,637 — Federal Home Loan Bank advances 259,588 259,588 — 259,588 — Subordinated debentures 13,684 13,684 — 13,684 — Contractual obligations 2,504 2,504 — 2,504 — Interest payable 728 728 — 728 — Derivative liabilities 39 39 — 39 — Cash collateral held by derivative counterparty (39 ) (39 ) (39 ) — — Total derivative liabilities — — (39 ) 39 — Total liabilities $ 1,927,592 $ 1,933,022 $ (39 ) $ 1,933,061 $ — The methods and assumptions, not previously presented, used to estimate fair values are described as follows. Cash and cash equivalents and interest-bearing deposits Held-to-maturity securities Loans held for sale Loans Federal Reserve Bank and Federal Home Loan Bank stock Interest receivable and interest payable Deposits Federal funds purchased and retail repurchase agreements Federal Home Loan Bank Advances Bank stock loan Subordinated debentures Contractual obligations The fair value of off-balance-sheet items is not considered material. |
COMMITMENTS AND CREDIT RISK
COMMITMENTS AND CREDIT RISK | 12 Months Ended |
Dec. 31, 2017 | |
Commitments And Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CREDIT RISK | NOTE 22 – COMMITMENTS AND CREDIT RISK The Company extends credit for commercial real estate mortgages, residential mortgages, working capital financing and loans to businesses and consumers. Commitments to Originate Loans and Available Lines of Credit: Commitments to originate loans and available lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments and lines of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments and lines of credit may expire without being drawn upon, the total commitment and lines of credit amounts do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, commercial real estate, and residential real estate. Mortgage loans in the process of origination represent amounts that the Company plans to fund within a normal period of 60 to 90 days and are intended for sale to investors in the secondary market. The contractual amounts of commitments to originate loans and available lines of credit as of December 31, 2017 and 2016 were as as follows. December 31, 2017 December 31, 2016 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitments to make loans $ 38,031 $ 67,107 $ 24,988 $ 50,362 Mortgage loans in the process of origination 14,803 9,258 7,267 2,696 Unused lines of credit 87,948 141,026 45,251 68,085 The fixed rate loan commitments have interest rates ranging from 3.75% to 7.50% and maturities ranging from 1 month to 116 months. Standby Letters of Credit: Standby letters of credit are irrevocable commitments issued by the Company to guarantee the performance of a customer to a third party once specified pre-conditions are met. Financial standby letters of credit are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. Performance standby letters of credit are issued to guarantee performance of certain customers under non-financial contractual obligations. The credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loans to customers. The contractual amounts of standby letters of credit as of December 31, 2017 and 2016 are listed below. December 31, 2017 December 31, 2016 Fixed Rate Variable Rate Fixed Rate Variable Rate Standby letters of credit $ 4,064 $ 3,830 $ 5,762 $ 2,769 |
LEGAL MATTERS
LEGAL MATTERS | 12 Months Ended |
Dec. 31, 2017 | |
Commitments And Contingencies Disclosure [Abstract] | |
LEGAL MATTERS | NOTE 23 – LEGAL MATTERS The Company is party to various matters of litigation in the ordinary course of business. The Company periodically reviews all outstanding pending or threatened legal proceedings and determines if such matters will have an adverse effect on the business, financial condition or results of operations or cash flows. A loss contingency is recorded when the outcome is probable and reasonably able to be estimated. The following loss contingencies have been identified by the Company as reasonably possible to result in an unfavorable outcome for the Company. Equity Bank is a party to a February 3, 2015, lawsuit filed against it by CitiMortgage, Inc. (“Citi”). The lawsuit involves an alleged breach of contract related to loan repurchase obligations and damages of $2,700 plus pre-judgment and post-judgment interest. In January 2018, final judgement was entered by the court dismissing Citi’s claims with regard to six loans and holding Equity Bank liable with regard to six loans. A loss contingency of $477 was recorded at December 31, 2017, in connection with the resolution of this case. Except for the above mentioned lawsuit and settlement, there have been no other claims for potential repurchase or indemnification demands regarding mortgage loans originated by Equity Bank and sold to investors. However, the Company believes there is possible risk it may face similar demands based on comparable demands loan aggregators are facing from their investors, including Government Sponsored Entities such as Freddie Mac and Fannie Mae and/or settlement agreements loan aggregators have entered into with those investors. The amount of potential loss and outcome of such possible litigation, if it were commenced, is uncertain and the Company would vigorously contest any claims. |
CONDENSED FINANCIAL INFORMATION
CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) | 12 Months Ended |
Dec. 31, 2017 | |
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | |
CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) | NOTE 24 – CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) Presented below is the condensed financial information as to financial position, results of operations and cash flows of the Parent Company. CONDENSED BALANCE SHEET 2017 2016 ASSETS Cash and due from banks $ 4,201 $ 20,611 Investment in Equity Bank 379,933 246,822 Other real estate owned, net — 267 Other assets 6,762 5,234 Total assets $ 390,896 $ 272,934 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities $ 16,752 $ 14,970 Stockholders’ equity 374,144 257,964 Total liabilities and stockholders’ equity $ 390,896 $ 272,934 CONDENSED STATEMENT OF INCOME 2017 2016 2015 Dividends from Equity Bank $ 17,250 $ 9,500 $ 10,500 Other income 26 1 2 Total income 17,276 9,501 10,502 Expenses Interest expense 996 701 1,284 Other expenses 3,018 2,408 1,336 Total expenses 4,014 3,109 2,620 Income (loss) before income tax and equity in undistributed income of subsidiaries 13,262 6,392 7,882 Income tax benefit 2,017 859 858 Income (loss) before equity in undistributed income (loss) of subsidiaries 15,279 7,251 8,740 Equity in undistributed income of Equity Bank 5,370 2,123 1,560 Net income 20,649 9,374 10,300 Dividends and discount accretion on preferred stock — (1 ) (177 ) Net income allocable to common stockholders $ 20,649 $ 9,373 $ 10,123 CONDENSED STATEMENT OF CASH FLOWS 2017 2016 2015 Cash flows from operating activities Net income $ 20,649 $ 9,374 $ 10,300 Adjustments to reconcile net income to net cash from operating activities: Stock based compensation 1,100 553 531 Equity in undistributed income of Equity Bank (5,370 ) (2,123 ) (1,560 ) Net amortization of purchase valuation adjustments 284 246 301 Net change in: Other assets (1,331 ) (1,529 ) (344 ) Interest payable and other liabilities (1,419 ) (409 ) 397 Net cash from (to) operating activities 13,913 6,112 9,625 Cash flows (to) from investing activities Proceeds from sale of other real estate owned 267 — — Purchase stock of First Independence, net of holding company cash acquired — — (14,585 ) Purchase stock of Community First, net of holding company cash acquired — (9,549 ) — Purchase stock of Prairie, net of holding company cash acquired (12,510 ) — — Purchase stock of Eastman, net of holding company cash acquired (7,813 ) — — Purchase stock of Cache, net of holding company cash acquired (13,103 ) — — Net cash (used in) investing activities (33,159 ) (9,549 ) (14,585 ) Cash flows (to) from financing activities Borrowings on bank stock loan 2,500 6,000 5,014 Principal payments on bank stock loan (1,000 ) (33,218 ) (1,554 ) Proceeds from the issuance of common stock, net — 23,643 38,945 Proceeds from exercise of employee stock options 1,215 112 — Issuance of employee stock loan — — (1,215 ) Principal payments on employee stock loan 121 — 973 Redemption of Series C preferred stock — (16,372 ) — Dividends paid on preferred stock — (42 ) (164 ) Excess tax benefits as a result of the distribution of common stock in termination of the restricted stock unit plan — — 224 Excess tax benefits recognized on exercise of employee stock options — 13 — Net cash provided by (used in) financing activities 2,836 (19,864 ) 42,223 Net change in cash and cash equivalents (16,410 ) (23,301 ) 37,263 Cash and cash equivalents, beginning of period 20,611 43,912 6,649 Ending cash and cash equivalents $ 4,201 $ 20,611 $ 43,912 |
PENDING MERGERS
PENDING MERGERS | 12 Months Ended |
Dec. 31, 2017 | |
Pending Mergers [Abstract] | |
PENDING MERGERS | NOTE 25 – PENDING MERGERS On December 16, 2017, the Company entered into an agreement and plan of reorganization with Kansas Bank Corporation (“KBC”). KBC is the holding company of First National Bank of Liberal (“FNB”), which has four branch locations in Liberal, Kansas, and one location in Hugoton, Kansas. The transaction is expected to close in the second quarter of 2018, subject to customary closing conditions, including the receipt of regulatory approval and the approval of KBC’s stockholders. In its December 31, 2017, unaudited Consolidated Report of Condition, FNB reported total assets of $320,111, which included total loans of $167,969 and securities of $121,825. At December 31, 2017, total liabilities of $289,675 were reported by FNB, which included deposits of $289,360. FNB reported $3,811 in net income before income taxes for the twelve months ended December 31, 2017. The Company anticipates there will be goodwill and a core deposit intangible recorded with this acquisition. Goodwill is calculated as the excess of the cash consideration transferred over the net of the acquisition-date fair values of identifiable assets acquired and liabilities assumed. Also on December 16, 2017, the Company entered into an agreement and plan of reorganization with Adams Dairy Bancshares, Inc. (“ADBI”). ADBI is the holding company of Adams Dairy Bank (“ADB”), which has one branch location in Blue Springs, Missouri. The transaction is expected to close in the second quarter of 2018, subject to customary closing conditions, including the receipt of regulatory approval and the approval of ADBI’s stockholders. In its December 31, 2017, unaudited Consolidated Report of Condition, ADB reported total assets of $128,363, which included total loans of $93,252 and securities of $15,099. At December 31, 2017, total liabilities of $116,539 were reported by ADB, which included deposits of $97,274. ADB reported $1,594 in net income before income taxes for the twelve months ended December 31, 2017. The Company anticipates there will be goodwill and a core deposit intangible recorded with this acquisition. |
NATURE OF OPERATIONS AND SUMM34
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Nature of Operations | Nature of Operations Equity Bank is a Kansas state-chartered bank and member of the Federal Reserve (state Fed member bank jointly supervised by both the Federal Reserve Bank of Kansas City and the Office of the Kansas State Bank Commissioner). The Company is primarily engaged in providing a full range of banking, mortgage banking and financial services to individual and corporate customers generally in Arkansas, Kansas, Missouri and Oklahoma. Equity Bank competes with a variety of other financial institutions including large regional banks, community banks and thrifts as well as credit unions and other non-traditional lenders. |
Use of Estimates | Use of Estimates |
Cash Equivalents | Cash Equivalents |
Securities | Securities Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield basis without anticipating prepayments, except for certain securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. All OTTI related to equity securities is recognized through earnings. |
Loans Held for Sale | Loans Held for Sale |
Loans | Loans Purchased Credit Impaired Loans. As a part of acquisitions, the Company acquired certain loans, for which there was, at acquisition, evidence of deterioration of credit quality since origination. These purchased credit impaired loans were recorded at the acquisition date fair value, such that there is no carryover of the seller’s allowance for loan losses. After acquisition, losses are recognized by an increase in the allowance for loan losses. Such purchase credit impaired loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each loan, and the expected cash flows in excess of the amount paid are recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (non-accretable difference). Over the life of the loan, expected cash flows continue to be estimated. If the present value of the expected cash flows is less than the carrying amount, a loss 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. Nonaccrual Loans. Generally, loans are designated as nonaccrual when either principal or interest payments are 90 days or more past due based on contractual terms unless the loan is well secured and in the process of collection. Consumer loans are typically charged off no later than 180 days past due. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. When a loan is placed on nonaccrual status, unpaid interest credited to income is reversed against income. Future interest income may be recorded on a cash basis after recovery of principal is reasonably assured. Nonaccrual loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Impaired Loans. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all contractual principal and interest due according to the terms of the loan agreement. All loans are individually evaluated for impairment. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or on the value of the underlying collateral if the loan is collateral dependent. The Company evaluates the collectability of both principal and interest when assessing the need for a loss accrual. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Troubled Debt Restructurings . In cases where a borrower experiences financial difficulties and the Company makes certain concessionary modifications to contractual terms, the loan is classified as a troubled debt restructured loan and classified as impaired. Generally, a nonaccrual loan that is a troubled debt restructuring remains on nonaccrual until such time that repayment of the remaining principal and interest is not in doubt and the borrower has a period of satisfactory repayment performance. |
Allowance for Loan Losses | Allowance for Loan Losses The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported net at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the sale of the collateral. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. The general component of the allowance for loan losses covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio and class and is based on the actual loss history experienced by the Company. This actual loss experience is then adjusted by comparing current conditions to the conditions that existed during the loss history. The Company considers the changes related to (i) lending policies, (ii) economic conditions, (iii) nature and volume of the loan portfolio and class, (iv) lending staff, (v) volume and severity of past due, non-accrual, and risk graded loans, (vi) loan review system, (vii) value of underlying collateral for collateral dependent loans, (viii) concentration levels and (ix) effects of other external factors. The Company considers loan performance and collateral values in assessing risk for each class in the loan portfolio, as follows: • Commercial and industrial loans are dependent on the strength of the industries of the related borrowers and the success of their businesses. Commercial and industrial loans are advanced for equipment purchases, to provide working capital or meet other financing needs of the business. These loans may be secured by accounts receivable, inventory, equipment or other business assets. Financial information is obtained from the borrower to evaluate the debt service coverage and ability to repay the loans. • Commercial real estate loans are dependent on the industries tied to these loans, as well as the local commercial real estate market. The loans are secured by real estate and typically appraisals are obtained to support the loan amount. Generally, an evaluation of the project’s cash flows is performed to evaluate the borrower’s ability to repay the loan at the time of origination and periodically updated during the life of the loan. • Residential real estate loans are affected by the local residential real estate market, the local economy and movement in interest rates. The Company evaluates the borrower’s repayment ability through a review of credit reports and debt to income ratios. Generally, appraisals are obtained to support the loan amount. • Agricultural real estate loans are real estate loans related to farmland and are affected by the value of farmland. Generally, the Company evaluates the borrower’s ability to repay based on cash flows from farming operations. • Consumer loans are dependent on the local economy. Consumer loans are generally secured by consumer assets, but may be unsecured. Typically, the Company evaluates the borrower’s repayment ability through a review of credit scores and an evaluation of debt to income ratios. • Agricultural loans are primary operating lines subject to annual farming revenues, including productivity and yield of the farm products and market pricing at the time of sale. There have been no material changes to the Company’s accounting policies related to its allowance for loan loss methodology during 2017 and 2016. |
Transfers of Financial Assets | Transfers of Financial Assets |
Bank Owned Life Insurance | Bank- Owned Life Insurance |
Other Real Estate Owned | Other Real Estate Owned |
Premises and Equipment | Premises and Equipment Premises and equipment and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. |
Federal Reserve Bank and Federal Home Loan Bank Stock | Federal Reserve Bank and Federal Home Loan Bank Stock |
Goodwill and Core Deposit Intangibles | Goodwill and Core Deposit Intangibles |
Credit Related Financial Instruments | Credit Related Financial Instruments |
Derivatives | Derivatives An interest rate swap is an agreement between two entities to exchange cash flows in the future. The agreement sets the dates on which the cash flows will be paid and the manner in which the cash flows will be calculated. Typically, an interest rate swap transaction is used as an exchange of cash flows based on a fixed rate for cash flows based on a variable rate. In an interest rate cap agreement, a cash flow is generated if the price or interest rate of an underlying variable rises above a certain threshold price or interest rate. In an interest rate floor agreement, a cash flow is generated if the price or interest rate of an underlying variable falls below a certain threshold price or interest rate. Caps and floors are designed as protection against the interest rate on a variable rate asset or liability rising above or falling below a certain level. At the inception of a derivative contract, the Company designates the derivatives as one of three types based on the Company’s intentions and belief as to likely effectiveness as a hedge. These three types are: (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (“fair value hedge”); (2) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”); or (3) an instrument with no hedging designation (“stand-alone derivative”). For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item, are recognized in current earnings as fair value changes. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. For both types of hedges, changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings as non-interest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged unless the derivative meets the criteria to be a financing derivative. All derivatives are recognized in the consolidated balance sheet at their fair values and are reported as either derivative assets or derivative liabilities net of accrued net settlements and collateral, if any. The individual derivative amounts are netted by counterparty when the netting requirements have been met. If these netted values are positive, they are classified as an asset and, if negative, they are classified as a liability. The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, at least quarterly, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a fair value hedge is discontinued, the hedged asset or liability is no longer adjusted for changes in fair value and the existing basis adjustment is amortized or accreted over the remaining life of the asset or liability. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that are accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. The Company has entered into interest rate cap derivatives to assist with interest rate risk management. These derivatives are not designated as hedging instruments but rather as stand-alone derivatives. The fair values of stand-alone derivatives are included in other assets and other liabilities. Changes in fair value of stand-alone derivatives are recorded through earnings as non-interest income. |
Income Taxes | Income Taxes The Company recognizes interest and/or penalties related to income tax matters in income tax expense. During 2016 there was $1 paid to the Missouri Department of Revenue. No such interest or penalties were incurred in 2017 or 2015. |
Earnings Per Common Share | Earnings Per Common Share |
Share-Based Payments | Share-Based Payments Compensation expense associated with restricted stock units is based on the fair value of the units at the grant date. This compensation expense is recognized ratably over the service period stipulated in the grant agreement. |
Comprehensive Income | Comprehensive Income |
Loss Contingencies | Loss Contingencies |
Restrictions on Cash | Restrictions on Cash |
Dividend Restriction | Dividend Restriction |
Fair Value | Fair Value |
Segment Information | Segment Information |
Reclassifications | Reclassifications |
Initial Public Offering (IPO) | Initial Public Offering (IPO) |
Recent Accounting Pronouncements | Recent Accounting Pronouncements: Revenue from Contracts with Customers, In January 2016, FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, In February 2016, FASB issued ASU 2016-02, Leases, In June 2016, FASB issued ASU 2016-13, Financial Instruments – Credit Losses, In August 2016, FASB issued accounting standards update No. 2016-15, Statement of Cash Flows (Topic 230). In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other In March 2017, FASB issued ASU 2017-08, Premium Amortization on Purchased Callable Debt Securities. In August 2017, FASB issued ASU 2017-12, Derivatives and Hedging, Targeted Improvements to Accounting for Hedging Activities In February 2018, FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income |
BUSINESS COMBINATIONS (Tables)
BUSINESS COMBINATIONS (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Eastman National Bancshares, Inc. [Member] | |
Business Acquisition [Line Items] | |
Summary of the Consideration Paid and the Amounts of the Assets Acquired and Liabilities Assumed Recognized at the Acquisition Date | The following table summarizes the consideration paid for Eastman and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair value of consideration: Common stock $ 39,109 Cash 8,040 $ 47,149 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 14,698 Available-for-sale securities 59,778 Federal Reserve Bank and Federal Home Loan Bank stock 434 Loans 177,880 Premises and equipment 1,903 Core deposit intangibles 4,020 Other real estate owned 41 Interest receivable 998 Other assets 1,047 Total assets acquired 260,799 Deposits 224,111 Federal funds purchased and retail repurchase agreements 8,678 Interest payable and other liabilities 1,548 Total liabilities assumed 234,337 Total identifiable net assets 26,462 Goodwill 20,687 $ 47,149 |
Schedule Of Acquisitions By Acquisition At Acquisition Date | The following table presents the best available information about the loans acquired in the Eastman merger as of the date of merger. Non-Credit Impaired Purchased Impaired Contractually required principal $ 171,788 $ 12,849 Non-accretable difference (expected losses) — (4,077 ) Cash flows expected to be collected 171,788 8,772 Accretable yield (2,680 ) — Fair value of acquired loans $ 169,108 $ 8,772 |
Schedule Of Carrying Amounts Of Purchased Loans At Acquisition | The following table presents the carrying value of the loans acquired in the Eastman merger by class, as of the date of merger. Non-Credit Impaired Purchased Credit Impaired Total Commercial real estate $ 71,917 $ 5,326 $ 77,243 Commercial and industrial 36,645 1,545 38,190 Residential real estate 36,846 458 37,304 Agricultural real estate 7,080 33 7,113 Consumer 5,158 — 5,158 Agricultural 11,462 1,410 12,872 Fair value of acquired loans $ 169,108 $ 8,772 $ 177,880 |
Cache Holdings, Inc. [Member] | |
Business Acquisition [Line Items] | |
Summary of the Consideration Paid and the Amounts of the Assets Acquired and Liabilities Assumed Recognized at the Acquisition Date | The following table summarizes the consideration paid for Cache and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair value of consideration: Common Stock $ 39,480 Cash 12,877 $ 52,357 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 10,273 Federal Reserve Bank and Federal Home Loan Bank stock 2,053 Loans held for sale 13,501 Loans held for investment 287,214 Premises and equipment 4,235 Core deposit intangibles 1,580 Bank-owned life insurance 3,883 Interest receivable 778 Other assets 263 Total assets acquired 323,780 Deposits 278,706 Federal Home Loan Bank advances 9,402 Bank stock loan 1,000 Interest payable and other liabilities 1,948 Total liabilities assumed 291,056 Total identifiable net assets 32,724 Goodwill 19,633 $ 52,357 |
Schedule Of Acquisitions By Acquisition At Acquisition Date | The following table presents the best available information about the loans acquired in the Cache merger as of the date of merger. Non-Credit Impaired Purchased Impaired Contractually required principal $ 288,959 $ 2,035 Non-accretable difference (expected losses) — (371 ) Cash flows expected to be collected 288,959 1,664 Accretable yield (3,017 ) (392 ) Fair value of acquired loans $ 285,942 $ 1,272 |
Schedule Of Carrying Amounts Of Purchased Loans At Acquisition | The following table presents the carrying value of the loans acquired in the Cache merger by class, as of the date of merger. Non-Credit Impaired Purchased Credit Impaired Total Commercial real estate $ 199,151 $ 918 $ 200,069 Commercial and industrial 83,181 354 83,535 Residential real estate 2,027 — 2,027 Agricultural real estate 265 — 265 Consumer 1,318 — 1,318 Fair value of acquired loans $ 285,942 $ 1,272 $ 287,214 |
Prairie State Bancshares, Inc. [Member] | |
Business Acquisition [Line Items] | |
Summary of the Consideration Paid and the Amounts of the Assets Acquired and Liabilities Assumed Recognized at the Acquisition Date | The following table summarizes the consideration paid for Prairie and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair value of consideration: Common stock $ 15,242 Cash 12,255 $ 27,497 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 6,579 Available-for-sale securities 3,427 Held-to-maturity securities 971 Federal Reserve Bank and Federal Home Loan Bank stock 198 Loans 129,997 Premises and equipment 2,424 Core deposit intangibles 1,448 Other assets 2,331 Total assets acquired 147,375 Deposits 125,353 Interest payable and other liabilities 238 Total liabilities assumed 125,591 Total identifiable net assets 21,784 Goodwill 5,713 $ 27,497 |
Schedule Of Acquisitions By Acquisition At Acquisition Date | The following table presents the best available information about the loans acquired in the Prairie merger as of the date of merger. Non-Credit Impaired Purchased Impaired Contractually required principal $ 123,519 $ 11,430 Non-accretable difference (expected losses) — (2,673 ) Cash flows expected to be collected 123,519 8,757 Accretable yield (2,279 ) — Fair value of acquired loans $ 121,240 $ 8,757 |
Schedule Of Carrying Amounts Of Purchased Loans At Acquisition | The following table presents the carrying value of the loans acquired in the Prairie merger by class, as of the date of merger. Non-Credit Impaired Purchased Credit Impaired Total Commercial real estate $ 9,224 $ 144 $ 9,368 Commercial and industrial 11,203 974 12,177 Residential real estate 137 — 137 Agricultural real estate 25,593 2,960 28,553 Consumer 1,451 — 1,451 Agricultural 73,632 4,679 78,311 Fair value of acquired loans $ 121,240 $ 8,757 $ 129,997 |
Community First Bancshares, Inc. [Member] | |
Business Acquisition [Line Items] | |
Summary of the Consideration Paid and the Amounts of the Assets Acquired and Liabilities Assumed Recognized at the Acquisition Date | The following table summarizes the consideration paid for Community First and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Fair value of consideration: Common stock $ 74,289 Cash 9,750 $ 84,039 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 7,328 Held-to-maturity securities 73,967 Federal Reserve Bank and Federal Home Loan Bank stock 3,009 Loans 354,071 Premises and equipment 10,400 Core deposit intangible 3,579 Other real estate owned 2,744 Deferred tax asset, net 4,084 Interest receivable 1,907 Other assets 1,847 Total assets acquired 462,936 Deposits 375,431 Federal funds purchased and retail repurchase agreements 4,025 Federal Home Loan Bank advances 25,221 Bank stock loan 8,606 Subordinated debentures 4,187 Interest payable and other liabilities 2,171 Total liabilities assumed 419,641 Total identifiable net assets 43,295 Goodwill 40,744 $ 84,039 |
Schedule Of Acquisitions By Acquisition At Acquisition Date | The following table presents the best available information about the loans acquired in the Community First acquisition as of the date of acquisition. Non-Credit Impaired Purchased Impaired Contractually required principal $ 343,785 $ 22,069 Non-accretable difference (expected losses) — (6,568 ) Cash flows expected to be collected 343,785 15,501 Accretable yield (4,036 ) (1,179 ) Fair value of acquired loans $ 339,749 $ 14,322 |
Schedule Of Carrying Amounts Of Purchased Loans At Acquisition | The following table presents the carrying value of the loans acquired in the Community First acquisition by class, as of the date of acquisition. Non-Credit Impaired Purchased Credit Impaired Total Commercial real estate $ 167,906 $ 9,069 $ 176,975 Commercial and industrial 38,307 3,522 41,829 Residential real estate 79,832 893 80,725 Agricultural real estate 22,984 838 23,822 Consumer 23,818 — 23,818 Agricultural 6,902 — 6,902 Fair value of acquired loans $ 339,749 $ 14,322 $ 354,071 |
SECURITIES (Tables)
SECURITIES (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Amortized Cost and Fair Value of Securities Available-for-Sale | The amortized cost and fair value of available-for-sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows. Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2017 Available-for-sale securities Residential mortgage-backed securities (issued by government-sponsored entities) $ 163,374 $ 36 $ (1,819 ) $ 161,591 State and political subdivisions 195 — — 195 Equity securities 500 — (14 ) 486 $ 164,069 $ 36 $ (1,833 ) $ 162,272 December 31, 2016 Available-for-sale securities U.S. Government-sponsored entities $ 4,766 $ 16 $ — $ 4,782 Residential mortgage-backed securities (issued by government-sponsored entities) 88,257 93 (1,647 ) 86,703 Corporate 3,000 39 — 3,039 Small Business Administration loan pools 210 13 — 223 State and political subdivisions 499 — — 499 Equity securities 500 — (14 ) 486 $ 97,232 $ 161 $ (1,661 ) $ 95,732 |
Amortized Cost and Fair Value of Securities Held-to-Maturity | The amortized cost and fair value of held-to-maturity securities and the related gross unrecognized gains and losses were as follows. Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value December 31, 2017 Held-to-maturity securities U.S. Government-sponsored entities $ 998 $ — $ (13 ) $ 985 Residential mortgage-backed securities (issued by government sponsored entities) 383,875 573 (4,866 ) 379,582 Corporate 22,991 355 — 23,346 Small Business Administration loan pools 2,048 — (14 ) 2,034 State and political subdivisions 125,550 1,694 (447 ) 126,797 $ 535,462 $ 2,622 $ (5,340 ) $ 532,744 December 31, 2016 Held-to-maturity securities U.S. Government-sponsored entities $ 998 $ — $ (33 ) $ 965 Residential mortgage-backed securities (issued by government sponsored entities) 338,749 686 (4,702 ) 334,733 Corporate 12,988 139 (28 ) 13,099 Small Business Administration loan pools 2,398 1 (17 ) 2,382 State and political subdivisions 110,576 1,211 (1,810 ) 109,977 $ 465,709 $ 2,037 $ (6,590 ) $ 461,156 |
Fair Value and Amortized Cost of Debt Securities by Contractual Maturity | The fair value and amortized cost of debt securities at December 31, 2017, by contractual maturity, is shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. Available-for-Sale Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value Within one year $ 195 $ 195 $ 2,871 $ 2,876 One to five years — — 27,256 27,610 Five to ten years — — 43,106 43,951 After ten years — — 78,354 78,725 Mortgage-backed securities 163,374 161,591 383,875 379,582 Total debt securities $ 163,569 $ 161,786 $ 535,462 $ 532,744 |
Proceeds from Sales and Associated Gains and Losses Reclassified from Other comprehensive Income to Income | The proceeds from sales and the associated gains and losses on available-for-sale securities reclassified from other comprehensive income to income are listed below. 2017 2016 2015 Proceeds $ 84,087 $ 70,957 $ 17,105 Gross gains 271 893 370 Gross losses — — — Income tax expense on net realized gains 103 342 142 |
Available for Sale Securities [Member] | |
Summary of Gross Unrealized Losses and Fair Value of Securities | The following tables show gross unrealized losses and fair value aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2017 and 2016. Less Than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2017 Available-for-sale securities Residential mortgage-backed (issued by government-sponsored entities) $ 78,884 $ (437 ) $ 58,540 $ (1,382 ) $ 137,424 $ (1,819 ) Equity securities — — 486 (14 ) 486 (14 ) Total temporarily impaired securities $ 78,884 $ (437 ) $ 59,026 $ (1,396 ) $ 137,910 $ (1,833 ) December 31, 2016 Available-for-sale securities Residential mortgage-backed (issued by government-sponsored entities) $ 77,414 $ (1,647 ) $ — $ — $ 77,414 $ (1,647 ) Equity securities — — 486 (14 ) 486 (14 ) Total temporarily impaired securities $ 77,414 $ (1,647 ) $ 486 $ (14 ) $ 77,900 $ (1,661 ) |
Held to Maturity Securities [Member] | |
Summary of Gross Unrealized Losses and Fair Value of Securities | Less Than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2017 Held-to-maturity securities U.S. Government-sponsored entities $ — $ — $ 985 $ (13 ) $ 985 $ (13 ) Residential mortgage-backed (issued by government-sponsored entities) 147,281 (1,263 ) 198,239 (5,030 ) 345,520 (6,293 ) Corporate 5,312 (16 ) — — 5,312 (16 ) Small Business Administration loan pools 926 (1 ) 1,108 (38 ) 2,034 (39 ) State and political subdivisions 22,100 (123 ) 26,387 (439 ) 48,487 (562 ) Total temporarily impaired securities $ 175,619 $ (1,403 ) $ 226,719 $ (5,520 ) $ 402,338 $ (6,923 ) December 31, 2016 Held-to-maturity securities U.S. Government-sponsored entities $ 965 $ (33 ) $ — $ — $ 965 $ (33 ) Residential mortgage-backed (issued by government-sponsored entities) 291,003 (5,922 ) 10,801 (426 ) 301,804 (6,348 ) Corporate 5,407 (16 ) 3,166 (28 ) 8,573 (44 ) Small Business Administration loan pools 1,068 (2 ) 1,314 (45 ) 2,382 (47 ) State and political subdivisions 65,220 (2,122 ) — — 65,220 (2,122 ) Total temporarily impaired securities $ 363,663 $ (8,095 ) $ 15,281 $ (499 ) $ 378,944 $ (8,594 ) |
LOANS AND ALLOWANCE FOR LOAN 37
LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Receivables [Abstract] | |
Categories of Loans | The following table lists categories of loans at December 31, 2017 and 2016. 2017 2016 Commercial real estate $ 987,661 $ 593,108 Commercial and industrial 507,519 348,465 Residential real estate 376,705 338,387 Agricultural real estate 86,486 38,331 Consumer 49,361 40,902 Agricultural 95,547 24,412 Total loans 2,103,279 1,383,605 Allowance for loan losses (8,498 ) (6,432 ) Net loans $ 2,094,781 $ 1,377,173 |
Schedule of Allowance for Loan Losses by Portfolio Segment Allowance | The following tables present the activity in the allowance for loan losses by class for the years ended December 31, 2017, 2016 and 2015. December 31, 2017 Commercial Real Estate Commercial and Industrial Residential Real Estate Agricultural Real Estate Consumer Agricultural Total Allowance for loan losses: Beginning balance $ 2,420 $ 1,881 $ 1,765 $ 35 $ 266 $ 65 $ 6,432 Provision for loan losses (69 ) 651 604 287 1,236 244 2,953 Loans charged-off (271 ) (431 ) (350 ) (16 ) (1,025 ) (42 ) (2,135 ) Recoveries 660 35 243 13 291 6 1,248 Total ending allowance balance $ 2,740 $ 2,136 $ 2,262 $ 319 $ 768 $ 273 $ 8,498 December 31, 2016 Commercial Real Estate Commercial and Industrial Residential Real Estate Agricultural Real Estate Consumer Agricultural Total Allowance for loan losses: Beginning balance $ 2,051 $ 1,366 $ 1,824 $ 29 $ 187 $ 49 $ 5,506 Provision for loan losses 725 700 75 6 567 46 2,119 Loans charged-off (557 ) (226 ) (299 ) (23 ) (584 ) (31 ) (1,720 ) Recoveries 201 41 165 23 96 1 527 Total ending allowance balance $ 2,420 $ 1,881 $ 1,765 $ 35 $ 266 $ 65 $ 6,432 December 31, 2015 Commercial Real Estate Commercial and Industrial Residential Real Estate Agricultural Real Estate Consumer Agricultural Total Allowance for loan losses: Beginning balance $ 2,897 $ 1,559 $ 1,190 $ 148 $ 81 $ 88 $ 5,963 Provision for loan losses 694 1,252 899 (119 ) 362 (41 ) 3,047 Loans charged-off (1,668 ) (1,468 ) (296 ) — (309 ) — (3,741 ) Recoveries 128 23 31 — 53 2 237 Total ending allowance balance $ 2,051 $ 1,366 $ 1,824 $ 29 $ 187 $ 49 $ 5,506 |
Schedule of Loans Evaluated for Impairment | The following tables present the recorded investment in loans and the balance in the allowance for loan losses by portfolio and class based on impairment method as of December 31, 2017 and 2016. December 31, 2017 Commercial Real Estate Commercial and Industrial Residential Real Estate Agricultural Real Estate Consumer Agricultural Total Allowance for loan losses: Individually evaluated for impairment $ 130 $ 87 $ 386 $ 46 $ 56 $ 36 $ 741 Collectively evaluated for impairment 2,582 2,028 1,815 190 712 236 7,563 Purchased credit impaired loans 28 21 61 83 — 1 194 Total $ 2,740 $ 2,136 $ 2,262 $ 319 $ 768 $ 273 $ 8,498 Loan Balance: Individually evaluated for impairment $ 2,728 $ 7,886 $ 4,829 $ 533 $ 556 $ 1,050 $ 17,582 Collectively evaluated for impairment 971,376 493,903 369,471 82,493 48,802 90,795 2,056,840 Purchased credit impaired loans 13,557 5,730 2,405 3,460 3 3,702 28,857 Total $ 987,661 $ 507,519 $ 376,705 $ 86,486 $ 49,361 $ 95,547 $ 2,103,279 December 31, 2016 Commercial Real Estate Commercial and Industrial Residential Real Estate Agricultural Real Estate Consumer Agricultural Total Allowance for loan losses: Individually evaluated for impairment $ 270 $ 22 $ 288 $ 2 $ 45 $ — $ 627 Collectively evaluated for impairment 2,150 1,859 1,477 33 221 65 5,805 Purchased credit impaired loans — — — — — — — Total $ 2,420 $ 1,881 $ 1,765 $ 35 $ 266 $ 65 $ 6,432 Loan Balance: Individually evaluated for impairment $ 3,182 $ 550 $ 3,321 $ 834 $ 429 $ 3 $ 8,319 Collectively evaluated for impairment 577,863 344,414 332,962 36,668 40,471 24,409 1,356,787 Purchased credit impaired loans 12,063 3,501 2,104 829 2 — 18,499 Total $ 593,108 $ 348,465 $ 338,387 $ 38,331 $ 40,902 $ 24,412 $ 1,383,605 |
Impaired Loans, Segregated by Portfolio and Class of Loans | Excluding purchased credit impaired loans, included in the above tables is $796,064, $388,251 and $87,290 of loans purchased at a discount acquired as part of a merger and the discount associated with these loans is $7,231, $3,596 and $502 at December 31, 2017, 2016 and 2015. The following table presents information related to impaired loans, excluding those purchased credit impaired loans which have not deteriorated since acquisition, by class of loans as of and for the year ended December 31, 2017. December 31, 2017 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial real estate $ 1,878 $ 1,567 $ — $ 1,426 $ 267 Commercial and industrial 8,679 8,020 — 4,572 252 Residential real estate 1,230 969 — 587 29 Agricultural real estate 52 52 — 270 12 Consumer 1 — — — 1 Agricultural 7 7 — 83 73 Subtotal 11,847 10,615 — 6,938 634 With an allowance recorded: Commercial real estate 4,049 1,597 158 1,813 16 Commercial and industrial 1,310 1,113 108 663 51 Residential real estate 4,868 4,468 447 3,916 95 Agricultural real estate 1,266 1,034 129 527 16 Consumer 677 559 56 448 15 Agricultural 1,798 1,444 37 469 2 Subtotal 13,968 10,215 935 7,836 195 Total $ 25,815 $ 20,830 $ 935 $ 14,774 $ 829 The above table presents interest income for the twelve months ended December 31, 2017. Interest income recognized in the above table was substantially recognized on the cash basis. The recorded investment in loans excludes accrued interest receivable due to immateriality. The following table presents information related to impaired loans, excluding purchased credit impaired loans which have not deteriorated since acquisition, by portfolio and class of loans as of and for the year ended December 31, 2016. December 31, 2016 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial real estate $ 904 $ 676 $ — $ 2,764 $ 6 Commercial and industrial 510 309 — 1,475 — Residential real estate 1,230 980 — 957 15 Agricultural real estate 824 812 — 872 27 Consumer 53 51 — 35 — Agricultural — — — 67 1 Subtotal 3,521 2,828 — 6,170 49 With an allowance recorded: Commercial real estate 4,493 2,506 270 1,792 20 Commercial and industrial 265 240 22 122 1 Residential real estate 2,433 2,341 288 1,336 32 Agricultural real estate 23 23 2 6 — Consumer 449 378 45 271 9 Agricultural 3 3 — 24 5 Subtotal 7,666 5,491 627 3,551 67 Total $ 11,187 $ 8,319 $ 627 $ 9,721 $ 116 |
Schedule of Aging of Recorded Investment in Past Due Loans by Segment and Class of Loans | The following tables present the aging of the recorded investment in past due loans as of December 31, 2017 and 2016, by portfolio and class of loans. December 31, 2017 30 – 59 Days Past Due 60 – 89 Days Past Due Greater 90 Days Past Due Still On Accrual Nonaccrual Loans Not Past Due Total Commercial real estate $ 1,284 $ 22 $ — $ 11,607 $ 974,748 $ 987,661 Commercial and industrial 251 6 — 13,217 494,045 507,519 Residential real estate 1,457 1,176 — 6,148 367,924 376,705 Agricultural real estate 123 — — 3,993 82,370 86,486 Consumer 359 112 — 559 48,331 49,361 Agricultural 415 — — 4,752 90,380 95,547 Total $ 3,889 $ 1,316 $ — $ 40,276 $ 2,057,798 $ 2,103,279 December 31, 2016 30 – 59 Days Past Due 60 – 89 Days Past Due Greater 90 Days Past Due Still On Accrual Nonaccrual Loans Not Past Due Total Commercial real estate $ 2,955 $ 788 $ — $ 12,258 $ 577,107 $ 593,108 Commercial and industrial 419 — — 4,051 343,995 348,465 Residential real estate 368 847 — 4,285 332,887 338,387 Agricultural real estate — — — 1,664 36,667 38,331 Consumer 303 43 — 432 40,124 40,902 Agricultural 52 — — 3 24,357 24,412 Total $ 4,097 $ 1,678 $ — $ 22,693 $ 1,355,137 1,383,605 |
Summary of Risk Category of Loans by Class of Loans | The risk category of loans by class of loans is as follows as of December 31, 2017 and 2016. December 31, 2017 Unclassified Classified Total Commercial real estate $ 971,458 $ 16,203 $ 987,661 Commercial and industrial 486,150 21,369 507,519 Residential real estate 370,151 6,554 376,705 Agricultural real estate 77,084 9,402 86,486 Consumer 48,777 584 49,361 Agricultural 88,261 7,286 95,547 Total $ 2,041,881 $ 61,398 2,103,279 December 31, 2016 Unclassified Classified Total Commercial real estate $ 576,070 $ 17,038 $ 593,108 Commercial and industrial 341,307 7,158 348,465 Residential real estate 333,298 5,089 338,387 Agricultural real estate 36,190 2,141 38,331 Consumer 40,382 520 40,902 Agricultural 24,134 278 24,412 Total $ 1,351,381 $ 32,224 1,383,605 |
Schedule of Recorded Investments in Purchased Credit Impaired Loans | . The recorded investments in purchased credit impaired loans as of December 31, 2017, 2016 and 2015 were as follows. 2017 2016 2015 Contractually required principal payments $ 41,349 $ 27,413 $ 7,550 Discount (12,492 ) (8,914 ) (1,794 ) Recorded investment $ 28,857 $ 18,499 $ 5,756 |
OTHER REAL ESTATE OWNED (Tables
OTHER REAL ESTATE OWNED (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Banking And Thrift [Abstract] | |
Schedule for Changes in Other Real Estate Owned | Changes in other real estate owned for the years ended December 31, 2017 and 2016 were as follows. 2017 2016 Beginning of year $ 8,656 $ 5,811 Transfers in 4,562 3,006 Acquired in acquisition 41 2,744 Gain on sales 121 156 Proceeds from sales (5,461 ) (3,017 ) 7,919 8,700 Additions to valuation reserve (12 ) (44 ) Recorded investment $ 7,907 $ 8,656 |
Summary of Other Real Estate Owned Expense | Expenses related to other real estate owned for the years ended December 31, 2017, 2016 and 2015 were as follows. 2017 2016 2015 Net loss (gain) on sales $ (121 ) $ (156 ) $ (131 ) Provision for unrealized losses 12 44 87 Operating expenses, net of rental income 632 498 331 $ 523 $ 386 $ 287 |
PREMISES AND EQUIPMENT (Tables)
PREMISES AND EQUIPMENT (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Property Plant And Equipment [Abstract] | |
Schedule of Premises and Equipment | Major classifications of premises and equipment, stated at cost, are as follows. 2017 2016 Land $ 13,842 $ 10,709 Buildings and improvements 51,703 41,645 Furniture, fixtures and equipment 11,620 9,537 77,165 61,891 Less: accumulated depreciation (13,716 ) (11,376 ) Premises and equipment, net $ 63,449 $ 50,515 |
Schedule Of Future Minimum Operating Lease Payments | The Company leases certain branch properties under operating leases. Rent expense was $691, $554 and $545 for 2017, 2016 and 2015. Rent commitments at December 31, 2017, before considering renewal options that generally are present, were as follows. Due in one year or less $ 653 Due after one year through two years 252 Due after two years through three years 173 Due after three years through four years 139 Due after four years through five years 141 Thereafter 2,741 Total $ 4,099 |
GOODWILL AND CORE DEPOSIT INT40
GOODWILL AND CORE DEPOSIT INTANGIBLES (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Schedule of Intangible Assets and Goodwill | The carrying basis of goodwill and core deposit intangibles as of and for the years ended December 31, 2017 and 2016 were as follows. Goodwill Core Deposit Balance as of January 1, 2016 $ 18,130 $ 1,549 Acquired in acquisition 40,744 3,579 Amortization — (413 ) Balance as of December 31, 2016 58,874 4,715 Acquired in acquisition 46,033 7,048 Amortization — (1,025 ) Balance as of December 31, 2017 $ 104,907 $ 10,738 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Estimated amortization expense for each of the following five years and thereafter is listed in the following table. Expensed in one year or less $ 1,535 Expensed after one year through two years 1,535 Expensed after two years through three years 1,399 Expensed after three years through four years 1,327 Expensed after four years through five years 1,138 Thereafter 3,804 Total $ 10,738 |
DERIVATIVE FINANCIAL INSTRUME41
DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Summary of Notional Balance and Fair Values of Derivatives Outstanding | The following table shows the notional balances and fair values (including net accrued interest) of the derivatives outstanding by derivative type at December 31, 2017 and December 31, 2016. December 31, 2017 December 31, 2016 Notional Amount Derivative Assets Derivative Liabilities Notional Amount Derivative Assets Derivative Liabilities Derivatives designated as hedging instruments: Interest rate swaps $ 17,231 $ — $ 46 $ 15,923 $ — $ 39 Total derivatives designated as hedging relationships 17,231 — 46 15,923 — 39 Derivatives not designated as hedging instruments: Interest rate caps/floors 2,574 1 — 2,865 1 — Total derivatives not designated as hedging instruments 2,574 1 — 2,865 1 — Total $ 19,805 1 46 $ 18,788 1 39 Cash collateral — (210 ) — (190 ) Netting adjustments 164 164 151 151 Net amount presented in balance sheet $ 165 $ — $ 152 $ — |
Summary of Net Losses on Derivatives and Hedging Activities | For the years ended December 31, 2017, 2016 and 2015, the Company recorded net losses on derivatives and hedging activities. 2017 2016 2015 Derivatives designated as hedging instruments: Interest rate swaps $ — $ — $ — Total net gain (loss) related to fair value hedge ineffectiveness — — — Derivatives not designated as hedging instruments: Economic hedges: Interest rate caps/floors (1 ) (1 ) (9 ) Total net gains (losses) related to derivatives not designated as hedging instruments (1 ) (1 ) (9 ) Net gains (losses) on derivatives and hedging activities $ (1 ) $ (1 ) $ (9 ) |
Summary of Recorded Net Gains (Losses) on Derivatives and Related Hedged Items in Fair Value Hedging Relationships | The following table shows the recorded net gains (losses) on derivatives and the related hedged items in fair value hedging relationships and the impact of those derivatives on the Company’s net interest income for the years ended December 31, 2017, 2016 and 2015. December 31, 2017 Gain/(Loss) on Derivatives Gain/(Loss) on Hedged Items Net Fair Value Hedge Ineffectiveness Effect of Derivatives on Net Interest Income Commercial real estate loans $ 12 $ (12 ) $ — $ (137 ) Total $ 12 $ (12 ) $ — $ (137 ) December 31, 2016 Gain/(Loss) on Derivatives Gain/(Loss) on Hedged Items Net Fair Value Hedge Ineffectiveness Effect of Derivatives on Net Interest Income Commercial real estate loans $ 211 $ (211 ) $ — $ (199 ) Total $ 211 $ (211 ) $ — $ (199 ) December 31, 2015 Gain/(Loss) on Derivatives Gain/(Loss) on Hedged Items Net Fair Value Hedge Ineffectiveness Effect of Derivatives on Net Interest Income Commercial real estate loans $ (242 ) $ 242 $ — $ (82 ) Total $ (242 ) $ 242 $ — $ (82 ) |
DEPOSITS (Tables)
DEPOSITS (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Banking And Thrift [Abstract] | |
Summary of Scheduled Maturities of Time Deposits | At December 31, 2017, the scheduled maturities of time deposits are as follows. Due in one year or less $ 503,803 Due after one year through two years 123,235 Due after two years through three years 58,090 Due after three years through four years 33,171 Due after four years through five years 56,886 Thereafter 1,314 Total $ 776,499 |
BORROWINGS (Tables)
BORROWINGS (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Debt Disclosure [Abstract] | |
Schedule of Federal Funds Purchased and Retail Repurchase Agreements | Federal funds purchased and retail repurchase agreements included the following at December 31, 2017 and 2016. 2017 2016 Federal funds purchased $ — $ — Retail repurchase agreements $ 37,492 $ 20,637 |
Average Daily Balance and Interest Rate of Federal Funds Purchased and Retail Repurchase Agreements | The following table presents the borrowing usage and interest rate information for federal funds purchased and retail repurchase agreements at and for the years ended December 31, 2017 and 2016. 2017 2016 Average daily balance during the period $ 25,823 $ 22,599 Average interest rate during the period 0.25 % 0.26 % Maximum month-end balance during the period $ 43,843 $ 25,382 Weighted average interest rate at period-end 0.23 % 0.27 % |
Summary of Federal Home Loan Bank Advances | Federal Home Loan Bank advances as of December 31, 2017 and 2016 were as follows. 2017 2016 Federal Home Loan Bank line of credit advances $ 347,692 $ 259,588 Federal Home Loan Bank fixed rate term advances — — Total Federal Home Loan Bank advances $ 347,692 $ 259,588 |
SUBORDINATED DEBENTURES (Tables
SUBORDINATED DEBENTURES (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Brokers And Dealers [Abstract] | |
Summary of Contractual Balance and Unamortized Fair Value Adjustments | At December 31, 2017 and 2016, the contractual balance and the unamortized fair value adjustments were as follows: 2017 2016 Contractual balance $ 20,620 $ 20,620 Unamortized fair value adjustment (6,652 ) (6,936 ) Net book value $ 13,968 $ 13,684 |
STOCKHOLDERS' EQUITY (Tables)
STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Equity [Abstract] | |
Summary of Shares Issued and Held in Treasury or Outstanding | At December 31, 2017 and 2016, the following table presents shares that were issued and were held in treasury or were outstanding. 2017 2016 Class A common stock – issued 15,876,650 12,393,124 Class A common stock – held in treasury (1,271,043 ) (1,271,043 ) Class A common stock – outstanding 14,605,607 11,122,081 Class B common stock – issued 234,903 793,130 Class B common stock – held in treasury (234,903 ) (234,903 ) Class B common stock – outstanding — 558,227 |
Components of Accumulated Other Comprehensive Income | Components of accumulated other comprehensive income as of December 31, 2017 and 2016 were as follows. Available -for-Sale Securities Held-to -Maturity Securities Accumulated Other Comprehensive Income December 31, 2017 Net unrealized or unamortized gains (losses) $ (1,797 ) $ (2,344 ) $ (4,141 ) Tax effect 455 594 $ 1,049 $ (1,342 ) $ (1,750 ) $ (3,092 ) December 31, 2016 Net unrealized or unamortized gains (losses) $ (1,500 ) $ (2,876 ) $ (4,376 ) Tax effect 574 1,100 1,674 $ (926 ) $ (1,776 ) $ (2,702 ) |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense | Income tax expense is listed in the following table. 2017 2016 2015 Current income tax expense Federal $ 6,474 $ 2,863 $ 1,157 State 1,282 723 558 Total current income tax expense 7,756 3,586 1,715 Deferred income tax expense Federal 2,550 865 2,263 State 71 44 164 Total deferred income tax expense 2,621 909 2,427 Total income tax expense $ 10,377 $ 4,495 $ 4,142 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of income tax expense at the U.S. federal statutory rate (35% in 2017, 2016 and 2015) to the Company’s actual income tax expense is shown below. 2017 2016 2015 Computed at the statutory rate $ 10,862 $ 4,854 $ 5,055 Increase (decrease) resulting from: State and local taxes, net of federal benefit 717 449 457 Tax-exempt interest (1,177 ) (576 ) (370 ) Non-taxable life insurance income (506 ) (350 ) (335 ) Non-deductible expenses 376 689 167 Share-based payments (335 ) — — Federal tax credits (660 ) (625 ) (435 ) Gain on acquisition — — (239 ) Change in valuation allowance 187 65 13 Effect of tax reform 1,086 — — Other (173 ) (11 ) (171 ) Income tax expense $ 10,377 $ 4,495 $ 4,142 |
Components of Deferred Tax Assets and Liabilities | Components of deferred tax assets and liabilities are shown in the table below. 2017 2016 Deferred tax assets Allowance for loan losses $ 2,121 $ 2,460 Net unrealized or unamortized losses on securities 1,034 1,674 Tax credit carryforwards 974 974 Accrued compensation 1,208 1,450 Net operating loss carryforwards 797 880 Other real estate owned 588 1,764 Acquired loans fair market value adjustments 4,532 4,279 Other 404 616 Gross deferred tax assets 11,658 14,097 Deferred tax liabilities Assumed debt fair market value adjustments $ 1,607 2,608 Goodwill amortization 1,267 1,685 Depreciation 1,831 2,153 Federal Home Loan Bank stock dividends 764 882 Core deposit intangibles 2,301 1,715 Other 360 360 Gross deferred tax liabilities 8,130 9,403 State valuation allowance (571 ) (382 ) Net deferred tax asset $ 2,957 $ 4,312 |
REGULATORY MATTERS (Tables)
REGULATORY MATTERS (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Banking And Thrift [Abstract] | |
Summary of Company's and Equity Bank's Capital Amounts and Ratios | The Company’s and Equity Bank’s capital amounts and ratios at December 31, 2017 and 2016, are presented in the tables below. Ratios provided for Equity Bancshares, Inc. represent the ratios of the Company on a consolidated basis. Actual Minimum Required for Capital Adequacy Under Basel III Phase-In Minimum Required for Capital Adequacy Under Basel III Fully Phased-In To Be Well Capitalized Under Prompt Corrective Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2017 Total capital to risk weighted assets Equity Bancshares, Inc. $ 288,353 12.54 % $ 212,705 9.25 % $ 241,449 10.50 % $ N/A N/A Equity Bank 279,712 12.17 % 212,682 9.25 % 241,423 10.50 % 229,927 10.00 % Tier 1 capital to risk weighted assets Equity Bancshares, Inc. 279,855 12.17 % 166,715 7.25 % 195,459 8.50 % N/A N/A Equity Bank 271,214 11.80 % 166,697 7.25 % 195,438 8.50 % 183,942 8.00 % Common equity Tier 1 capital to risk weighted assets Equity Bancshares, Inc. 265,887 11.56 % 132,222 5.75 % 160,966 7.00 % N/A N/A Equity Bank 271,214 11.80 % 132,208 5.75 % 160,949 7.00 % 149,452 6.50 % Tier 1 leverage to average assets Equity Bancshares, Inc. 279,855 10.33 % 108,372 4.00 % 108,372 4.00 % N/A N/A Equity Bank 271,214 10.01 % 108,351 4.00 % 108,351 4.00 % 135,439 5.00 % Actual Minimum Required for Capital Adequacy Under Basel III Phase-In Minimum Required for Capital Adequacy Under Basel III Fully Phased-In To Be Well Capitalized Under Prompt Corrective Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2016 Total capital to risk weighted assets Equity Bancshares, Inc. $ 221,779 14.67 % $ 130,372 8.63 % $ 158,714 10.50 % $ N/A N/A Equity Bank 196,478 13.01 % 130,283 8.63 % 158,606 10.50 % 151,053 10.00 % Tier 1 capital to risk weighted assets Equity Bancshares, Inc. 215,347 14.25 % 100,141 6.63 % 128,483 8.50 % N/A N/A Equity Bank 190,046 12.58 % 100,073 6.63 % 128,395 8.50 % 120,842 8.00 % Common equity Tier 1 capital to risk weighted assets Equity Bancshares, Inc. 201,663 13.34 % 77,468 5.13 % 105,809 7.00 % N/A N/A Equity Bank 190,046 12.58 % 77,415 5.13 % 105,737 7.00 % 98,184 6.50 % Tier 1 leverage to average assets Equity Bancshares, Inc. 215,347 11.81 % 72,920 4.00 % 72,920 4.00 % N/A N/A Equity Bank 190,046 10.42 % 72,924 4.00 % 72,924 4.00 % 91,155 5.00 % |
RELATED-PARTY TRANSACTIONS (Tab
RELATED-PARTY TRANSACTIONS (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Related Party Transactions [Abstract] | |
Changes in Loans Outstanding to Related Parties | At December 31, 2017 and 2016, the Company had loans outstanding to executive officers, directors, significant stockholders, and their affiliates (related parties), in the amount of $3,892 and $3,713. Changes during 2017 are listed below. 2017 Balance at January 1, 2017 $ 3,713 New loans/advances 1,368 Repayments (1,189 ) Balance at December 31, 2017 $ 3,892 |
EMPLOYEE BENEFITS (Tables)
EMPLOYEE BENEFITS (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Compensation And Retirement Disclosure [Abstract] | |
Schedule of Net Pension Cost and Funded Status | The following table presents the net pension cost and funded status of the Company relating to the Pentegra Defined Benefit Plan since the date of acquisition (dollar amounts in thousands). 2017 2016 Net pension cost charged to salaries and employee benefits $ 84 $ 71 Pentegra defined benefit plan funded status as of July 1 110.37 % 104.72 % Plan's funded status as of July 1 96.89 % 97.75 % Contributions paid to the plan $ 65 $ 62 |
SHARE-BASED PAYMENTS (Tables)
SHARE-BASED PAYMENTS (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Summary of Stock Option Activity | The following tables summarize stock option activity for the years ended December 31, 2017 and 2016. December 31, 2017 Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at beginning of year 590,835 $ 16.69 7 $ 10,017 Granted 305,404 33.05 10 — Exercised (71,434 ) (17.01 ) (3 ) — Forfeited or expired (27,284 ) (27.72 ) (10 ) — Outstanding at end of year 797,521 $ 22.54 8 $ 10,261 Fully vested and expected to vest 797,521 $ 22.54 8 $ 10,261 Exercisable at end of year 484,728 $ 16.41 7 $ 8,692 December 31, 2016 Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at beginning of year 561,995 $ 15.93 8 $ 4,194 Granted 49,467 25.44 10 — Exercised (7,938 ) (14.21 ) (7 ) — Forfeited or expired (12,689 ) (18.82 ) (10 ) — Outstanding at end of year 590,835 $ 16.69 7 $ 10,017 Fully vested and expected to vest 590,835 $ 16.69 7 $ 10,017 Exercisable at end of year 453,180 $ 15.89 7 $ 7,943 |
Schedule of Fair Values of Options Granted | The fair values of options granted were determined using the following weighted-average assumptions as of grant dates. 2017 2016 2015 Risk free rate 2.20 % 1.58 % 1.92 % Market value of stock on grant date $ 33.05 $ 25.44 $ 21.25 Expected term (in years) 6.7 5.0 5.8 Expected volatility 19.66 % 19.08 % 21.49 % Dividend rate — % — % — % |
Summary of Changes in Company’s Non-vested RSUs | A summary of changes in the Company’s non-vested RSUs for the year is shown below. Non-vested Restricted Stock Units Shares Weighted Average Grant Date Fair Value Non-vested RSUs at January 1, 2017 — $ — Granted 9,020 32.46 Vested (2,255 ) 32.46 Forfeited (1,875 ) 29.74 Outstanding at end of year 4,890 33.50 |
EARNINGS PER SHARE (Tables)
EARNINGS PER SHARE (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Earnings Per Share [Abstract] | |
Summary of Earnings Per Share | Earnings per share were computed as shown below. 2017 2016 2015 Basic: Net income allocable to common stockholders $ 20,649 $ 9,373 $ 10,123 Weighted average common shares outstanding 12,446,851 8,624,108 6,433,503 Weighted average vested restricted stock units 1,751 — 81,843 Weighted average shares 12,448,602 8,624,108 6,515,346 Basic earnings per common share $ 1.66 $ 1.09 $ 1.55 Diluted: Net income allocable to common stockholders $ 20,649 $ 9,373 $ 10,123 Weighted average common shares outstanding for: Basic earnings per common share 12,448,602 8,624,108 6,515,346 Dilutive effects of the assumed exercise of stock options 255,947 131,418 44,675 Dilutive effects of the assumed redemption of RSUs 2,635 — — Average shares and dilutive potential common shares 12,707,184 8,755,526 6,560,021 Diluted earnings per common share $ 1.62 $ 1.07 $ 1.54 |
FAIR VALUE (Tables)
FAIR VALUE (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are summarized below. December 31, 2017 (Level 1) (Level 2) (Level 3) Assets: Available-for-sale securities: Residential mortgage-backed securities (issued by government-sponsored entities) $ — $ 161,591 $ — State and political subdivisions — 195 — Equity securities 486 — — Derivative assets (included in other assets) — 1 — Cash collateral held by counterparty 164 — — Total derivative assets 164 1 — Total assets 650 161,787 — Liabilities: Derivative liabilities (included in other liabilities) — 46 — Cash collateral held by counterparty (46 ) — — Total derivative liabilities (46 ) 46 — Total liabilities (46 ) 46 — December 31, 2016 (Level 1) (Level 2) (Level 3) Assets: Available-for-sale securities: U.S. government-sponsored entities $ — $ 4,782 $ — Residential mortgage-backed securities (issued by government-sponsored entities) — 86,703 — Corporate — 3,039 — Small Business Administration loan pools — 223 — State and political subdivisions — 499 — Equity securities 486 — — Derivative assets (included in other assets) — 1 — Cash collateral held by counterparty 151 — — Total derivative assets 151 1 — Total assets 637 95,247 — Liabilities: Derivative liabilities (included in other liabilities) — 39 — Cash collateral held by counterparty (39 ) — — Total derivative liabilities (39 ) 39 — Total liabilities (39 ) 39 — |
Summary of Assets Measured at Fair Value on Non-recurring Basis | Assets measured at fair value on a non-recurring basis are summarized below. December 31, 2017 (Level 1) (Level 2) (Level 3) Impaired loans: Commercial real estate $ — $ — $ 1,439 Commercial and industrial — — 1,005 Residential real estate — — 4,021 Agricultural real estate — — 905 Other — — 1,910 Other real estate owned: Commercial real estate — — 1,018 Residential real estate — — 157 December 31, 2016 (Level 1) (Level 2) (Level 3) Impaired loans: Commercial real estate $ — $ — $ 2,236 Commercial and industrial — — 218 Residential real estate — — 2,053 Agricultural real estate — — 21 Other — — 336 Other real estate owned: Commercial real estate — — 2,400 Residential real estate — — 429 |
Summary of Additional Information about Unobservable Inputs Used in Fair Value Measurement | The following table presents additional information about the unobservable inputs used in the fair value measurement of financial assets measured on a nonrecurring basis that were categorized with Level 3 of the fair value hierarchy. Fair Value Valuation Technique Unobservable Input Range (weighted average) December 31, 2017 Impaired loans $ 9,280 Sales Comparison Approach Adjustments for differences between comparable sales 15% - 26% (5%) December 31, 2016 Impaired loans $ 4,864 Sales Comparison Approach Adjustments for differences between comparable sales 7% - 26% (9%) |
Carrying Amounts and Estimated Fair Values of Financial Instrument | Carrying amounts and estimated fair values of financial instruments at year end were as follows as of the date indicated. December 31, 2017 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 52,195 $ 52,195 $ 52,195 $ — $ — Interest-bearing deposits 3,496 3,496 — 3,496 — Available-for-sale securities 162,272 162,272 486 161,786 — Held-to-maturity securities 535,462 532,744 — 532,744 — Loans held for sale 16,344 16,344 — 16,344 — Loans, net of allowance for loan losses 2,094,781 2,098,431 — — 2,098,431 Federal Reserve Bank and Federal Home Loan Bank stock 24,373 N/A N/A N/A N/A Interest receivable 12,371 12,371 — 12,371 — Derivative assets 1 1 — 1 — Cash collateral held by derivative counterparty 164 164 164 — — Total derivative assets 165 165 164 1 — Total assets $ 2,901,459 $ 2,878,018 $ 52,845 $ 726,742 $ 2,098,431 Financial liabilities: Deposits $ 2,382,013 $ 2,385,528 $ — $ 2,385,528 $ — Federal funds purchased and retail repurchase agreements 37,492 37,492 — 37,492 — Federal Home Loan Bank advances 347,692 347,692 — 347,692 — Bank stock loan 2,500 2,500 — 2,500 — Subordinated debentures 13,968 13,968 — 13,968 — Contractual obligations 1,967 1,967 — 1,967 — Interest payable 1,932 1,932 — 1,932 — Derivative liabilities 46 46 — 46 — Cash collateral held by derivative counterparty (46 ) (46 ) (46 ) — — Total derivative liabilities — — (46 ) 46 — Total liabilities $ 2,787,564 $ 2,791,079 $ (46 ) $ 2,791,125 $ — December 31, 2016 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 35,095 $ 35,095 $ 35,095 $ — $ — Interest-bearing deposits 3,750 3,750 — 3,750 — Available-for-sale securities 95,732 95,732 486 95,246 — Held-to-maturity securities 465,709 461,156 — 461,156 — Loans held for sale 4,830 4,830 — 4,830 — Loans, net of allowance for loan losses 1,377,173 1,374,700 — — 1,374,700 Federal Reserve Bank and Federal Home Loan Bank stock 16,652 N/A N/A N/A N/A Interest receivable 6,991 6,991 — 6,991 — Derivative assets 1 1 — 1 — Cash collateral held by derivative counterparty 151 151 151 — — Total derivative assets 152 152 151 1 — Total assets $ 2,006,084 $ 1,982,406 $ 35,732 $ 571,974 $ 1,374,700 Financial liabilities: Deposits $ 1,630,451 $ 1,635,881 $ — $ 1,635,881 $ — Federal funds purchased and retail repurchase agreements 20,637 20,637 — 20,637 — Federal Home Loan Bank advances 259,588 259,588 — 259,588 — Subordinated debentures 13,684 13,684 — 13,684 — Contractual obligations 2,504 2,504 — 2,504 — Interest payable 728 728 — 728 — Derivative liabilities 39 39 — 39 — Cash collateral held by derivative counterparty (39 ) (39 ) (39 ) — — Total derivative liabilities — — (39 ) 39 — Total liabilities $ 1,927,592 $ 1,933,022 $ (39 ) $ 1,933,061 $ — |
COMMITMENTS AND CREDIT RISK (Ta
COMMITMENTS AND CREDIT RISK (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Commitments And Contingencies Disclosure [Abstract] | |
Summary of Contractual Amounts of Commitments and Standby Letters of Credit to Originate Loans and Available Lines of Credit | The contractual amounts of commitments to originate loans and available lines of credit as of December 31, 2017 and 2016 were as as follows. December 31, 2017 December 31, 2016 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitments to make loans $ 38,031 $ 67,107 $ 24,988 $ 50,362 Mortgage loans in the process of origination 14,803 9,258 7,267 2,696 Unused lines of credit 87,948 141,026 45,251 68,085 December 31, 2017 December 31, 2016 Fixed Rate Variable Rate Fixed Rate Variable Rate Standby letters of credit $ 4,064 $ 3,830 $ 5,762 $ 2,769 |
CONDENSED FINANCIAL INFORMATI54
CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | |
Condensed Balance Sheet | CONDENSED BALANCE SHEET 2017 2016 ASSETS Cash and due from banks $ 4,201 $ 20,611 Investment in Equity Bank 379,933 246,822 Other real estate owned, net — 267 Other assets 6,762 5,234 Total assets $ 390,896 $ 272,934 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities $ 16,752 $ 14,970 Stockholders’ equity 374,144 257,964 Total liabilities and stockholders’ equity $ 390,896 $ 272,934 |
Condensed Statement of Income | CONDENSED STATEMENT OF INCOME 2017 2016 2015 Dividends from Equity Bank $ 17,250 $ 9,500 $ 10,500 Other income 26 1 2 Total income 17,276 9,501 10,502 Expenses Interest expense 996 701 1,284 Other expenses 3,018 2,408 1,336 Total expenses 4,014 3,109 2,620 Income (loss) before income tax and equity in undistributed income of subsidiaries 13,262 6,392 7,882 Income tax benefit 2,017 859 858 Income (loss) before equity in undistributed income (loss) of subsidiaries 15,279 7,251 8,740 Equity in undistributed income of Equity Bank 5,370 2,123 1,560 Net income 20,649 9,374 10,300 Dividends and discount accretion on preferred stock — (1 ) (177 ) Net income allocable to common stockholders $ 20,649 $ 9,373 $ 10,123 |
Condensed Statement of Cash Flows | CONDENSED STATEMENT OF CASH FLOWS 2017 2016 2015 Cash flows from operating activities Net income $ 20,649 $ 9,374 $ 10,300 Adjustments to reconcile net income to net cash from operating activities: Stock based compensation 1,100 553 531 Equity in undistributed income of Equity Bank (5,370 ) (2,123 ) (1,560 ) Net amortization of purchase valuation adjustments 284 246 301 Net change in: Other assets (1,331 ) (1,529 ) (344 ) Interest payable and other liabilities (1,419 ) (409 ) 397 Net cash from (to) operating activities 13,913 6,112 9,625 Cash flows (to) from investing activities Proceeds from sale of other real estate owned 267 — — Purchase stock of First Independence, net of holding company cash acquired — — (14,585 ) Purchase stock of Community First, net of holding company cash acquired — (9,549 ) — Purchase stock of Prairie, net of holding company cash acquired (12,510 ) — — Purchase stock of Eastman, net of holding company cash acquired (7,813 ) — — Purchase stock of Cache, net of holding company cash acquired (13,103 ) — — Net cash (used in) investing activities (33,159 ) (9,549 ) (14,585 ) Cash flows (to) from financing activities Borrowings on bank stock loan 2,500 6,000 5,014 Principal payments on bank stock loan (1,000 ) (33,218 ) (1,554 ) Proceeds from the issuance of common stock, net — 23,643 38,945 Proceeds from exercise of employee stock options 1,215 112 — Issuance of employee stock loan — — (1,215 ) Principal payments on employee stock loan 121 — 973 Redemption of Series C preferred stock — (16,372 ) — Dividends paid on preferred stock — (42 ) (164 ) Excess tax benefits as a result of the distribution of common stock in termination of the restricted stock unit plan — — 224 Excess tax benefits recognized on exercise of employee stock options — 13 — Net cash provided by (used in) financing activities 2,836 (19,864 ) 42,223 Net change in cash and cash equivalents (16,410 ) (23,301 ) 37,263 Cash and cash equivalents, beginning of period 20,611 43,912 6,649 Ending cash and cash equivalents $ 4,201 $ 20,611 $ 43,912 |
Nature of Operations and Summ55
Nature of Operations and Summary of Significant Accounting Policies - Additional Information (Detail) | Nov. 16, 2015$ / sharesshares | Dec. 31, 2018 | Dec. 31, 2017USD ($)Entity$ / shares | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) |
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Number of entities | Entity | 2 | ||||
Federal Statutory Income Tax Rate | 35.00% | 35.00% | 35.00% | ||
Tax Cuts And Jobs Act Of 2017 Change In Tax Rate Income Tax Expense (Benefit) | $ 1,086,000 | ||||
Interest or penalties incurred | 0 | $ 1,000 | $ 0 | ||
Available-for-sale equity securities | 486,000 | ||||
Tax Cuts and Jobs Act of 2017, Re-measured net deferred tax assets | 1,086,000 | ||||
Tax Cuts and Jobs Act of 2017, Re-measured net deferred tax assets relating to unrealized losses on securities | 535,000 | ||||
Tax Cuts and Jobs Act of 2017, Stranded Tax Effect | 535,000 | ||||
Other comprehensive income tax rate change impact | $ 535,000 | ||||
Class A Common Stock [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Shares issued, par value | $ / shares | $ 0.01 | ||||
Class B Common Stock [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Shares issued, par value | $ / shares | $ 0.01 | ||||
Shares issued, conversion of shares | shares | 273,000 | ||||
IPO [Member] | Class A Common Stock [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Shares issued or sold | shares | 2,231,000 | ||||
Shares issued, par value | $ / shares | $ 0.01 | ||||
Stockholders Not Included in Registration Statement [Member] | Class A Common Stock [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Shares issued or sold | shares | 1,941,000 | ||||
Stockholders Included in Registration Statement [Member] | Class A Common Stock [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Shares issued or sold | shares | 290,000 | ||||
Scenario, Plan | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Federal Statutory Income Tax Rate | 21.00% | ||||
Minimum [Member] | Core Deposits [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Estimated useful lives of core deposits | 7 years | ||||
Maximum [Member] | Core Deposits [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Estimated useful lives of core deposits | 10 years | ||||
Buildings and Improvements [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Estimated useful lives | 39 years | ||||
Furniture and Fixtures [Member] | Minimum [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Estimated useful lives | 4 years | ||||
Furniture and Fixtures [Member] | Maximum [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Estimated useful lives | 7 years | ||||
Equipment [Member] | Minimum [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Estimated useful lives | 4 years | ||||
Equipment [Member] | Maximum [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Line Items] | |||||
Estimated useful lives | 7 years |
Business Combinations - Additio
Business Combinations - Additional Information (Detail) $ in Thousands | Nov. 10, 2016USD ($)Branch | Dec. 31, 2017USD ($)Branch | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Nov. 10, 2017USD ($) | Mar. 10, 2017USD ($) |
Business Acquisition [Line Items] | ||||||
Goodwill | $ 104,907 | $ 58,874 | $ 18,130 | |||
Net income | 20,649 | 9,374 | 10,300 | |||
Eastman National Bancshares, Inc. [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Voting interest acquired | 100.00% | |||||
Acquisition-related costs | 2,925 | |||||
Acquisition-related costs after tax | 1,920 | |||||
Goodwill | $ 20,687 | $ 20,687 | ||||
Number of branches acquired | Branch | 4 | |||||
Cache Holdings, Inc. [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Voting interest acquired | 100.00% | |||||
Acquisition-related costs | $ 1,483 | |||||
Acquisition-related costs after tax | 1,031 | |||||
Goodwill | $ 19,633 | $ 19,633 | ||||
Number of branches acquired | Branch | 1 | |||||
Prairie State Bancshares, Inc. [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Voting interest acquired | 100.00% | |||||
Acquisition-related costs | $ 926 | |||||
Acquisition-related costs after tax | 576 | |||||
Goodwill | $ 5,713 | $ 5,713 | ||||
Number of branches acquired | Branch | 3 | |||||
Prairie, Eastman and Cache Mergers [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Total combined revenue | $ 141,843 | 106,969 | ||||
Net income | $ 32,539 | 24,480 | ||||
Community First Bancshares, Inc. [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Voting interest acquired | 100.00% | |||||
Acquisition-related costs | 4,616 | |||||
Acquisition-related costs after tax | 3,402 | |||||
Goodwill | $ 40,744 | |||||
Number of branches acquired | Branch | 5 | |||||
Total combined revenue | 93,121 | 91,729 | ||||
Net income | $ 19,815 | $ 17,527 |
Business Combinations - Summary
Business Combinations - Summary of the Consideration Paid and the Amounts of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands | Nov. 10, 2017 | Mar. 10, 2017 | Nov. 10, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||||
Goodwill | $ 104,907 | $ 58,874 | $ 18,130 | |||
Eastman National Bancshares, Inc. [Member] | ||||||
Fair value of consideration: | ||||||
Common stock | $ 39,109 | |||||
Cash | 8,040 | |||||
Fair value consideration | 47,149 | |||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||||
Cash and due from banks | 14,698 | |||||
Federal Reserve Bank and Federal Home Loan Bank stock | 434 | |||||
Loans | 177,880 | |||||
Premises and equipment | 1,903 | |||||
Core deposit intangibles | 4,020 | |||||
Other real estate owned | 41 | |||||
Interest receivable | 998 | |||||
Other assets | 1,047 | |||||
Total assets acquired | 260,799 | |||||
Deposits | 224,111 | |||||
Federal funds purchased and retail repurchase agreements | 8,678 | |||||
Interest payable and other liabilities | 1,548 | |||||
Total liabilities assumed | 234,337 | |||||
Total identifiable net assets | 26,462 | |||||
Goodwill | 20,687 | 20,687 | ||||
Total | 47,149 | |||||
Eastman National Bancshares, Inc. [Member] | Available for Sale Securities [Member] | ||||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||||
Held-to maturity/Available-for-sale securities | 59,778 | |||||
Cache Holdings, Inc. [Member] | ||||||
Fair value of consideration: | ||||||
Common stock | 39,480 | |||||
Cash | 12,877 | |||||
Fair value consideration | 52,357 | |||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||||
Cash and due from banks | 10,273 | |||||
Federal Reserve Bank and Federal Home Loan Bank stock | 2,053 | |||||
Premises and equipment | 4,235 | |||||
Core deposit intangibles | 1,580 | |||||
Interest receivable | 778 | |||||
Other assets | 263 | |||||
Total assets acquired | 323,780 | |||||
Deposits | 278,706 | |||||
Interest payable and other liabilities | 1,948 | |||||
Total liabilities assumed | 291,056 | |||||
Total identifiable net assets | 32,724 | |||||
Goodwill | 19,633 | 19,633 | ||||
Total | 52,357 | |||||
Loans held for sale | 13,501 | |||||
Loans held for investment | 287,214 | |||||
Bank-owned life insurance | 3,883 | |||||
Federal Home Loan Bank advances | 9,402 | |||||
Bank stock loan | $ 1,000 | |||||
Prairie State Bancshares, Inc. [Member] | ||||||
Fair value of consideration: | ||||||
Common stock | $ 15,242 | |||||
Cash | 12,255 | |||||
Fair value consideration | 27,497 | |||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||||
Cash and due from banks | 6,579 | |||||
Federal Reserve Bank and Federal Home Loan Bank stock | 198 | |||||
Loans | 129,997 | |||||
Premises and equipment | 2,424 | |||||
Core deposit intangibles | 1,448 | |||||
Other assets | 2,331 | |||||
Total assets acquired | 147,375 | |||||
Deposits | 125,353 | |||||
Interest payable and other liabilities | 238 | |||||
Total liabilities assumed | 125,591 | |||||
Total identifiable net assets | 21,784 | |||||
Goodwill | 5,713 | $ 5,713 | ||||
Total | 27,497 | |||||
Prairie State Bancshares, Inc. [Member] | Available for Sale Securities [Member] | ||||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||||
Held-to maturity/Available-for-sale securities | 3,427 | |||||
Prairie State Bancshares, Inc. [Member] | Held to Maturity Securities [Member] | ||||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||||
Held-to maturity/Available-for-sale securities | $ 971 | |||||
Community First Bancshares, Inc. [Member] | ||||||
Fair value of consideration: | ||||||
Common stock | $ 74,289 | |||||
Cash | 9,750 | |||||
Fair value consideration | 84,039 | |||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||||
Cash and due from banks | 7,328 | |||||
Federal Reserve Bank and Federal Home Loan Bank stock | 3,009 | |||||
Loans | 354,071 | |||||
Premises and equipment | 10,400 | |||||
Core deposit intangibles | 3,579 | |||||
Other real estate owned | 2,744 | |||||
Interest receivable | 1,907 | |||||
Other assets | 1,847 | |||||
Total assets acquired | 462,936 | |||||
Deposits | 375,431 | |||||
Federal funds purchased and retail repurchase agreements | 4,025 | |||||
Interest payable and other liabilities | 2,171 | |||||
Total liabilities assumed | 419,641 | |||||
Total identifiable net assets | 43,295 | |||||
Goodwill | 40,744 | |||||
Total | 84,039 | |||||
Federal Home Loan Bank advances | 25,221 | |||||
Bank stock loan | 8,606 | |||||
Deferred tax asset, net | 4,084 | |||||
Subordinated debentures | 4,187 | |||||
Community First Bancshares, Inc. [Member] | Held to Maturity Securities [Member] | ||||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||||
Held-to maturity/Available-for-sale securities | $ 73,967 |
Business Combinations - Informa
Business Combinations - Information about Loans Acquired (Detail) - USD ($) $ in Thousands | Nov. 10, 2017 | Mar. 10, 2017 | Nov. 10, 2016 |
Eastman National Bancshares, Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | $ 177,880 | ||
Eastman National Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Contractually required principal | 171,788 | ||
Cash flows expected to be collected | 171,788 | ||
Accretable yield | (2,680) | ||
Fair value of acquired loans | 169,108 | ||
Eastman National Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Contractually required principal | 12,849 | ||
Non-accretable difference (expected losses) | (4,077) | ||
Cash flows expected to be collected | 8,772 | ||
Fair value of acquired loans | 8,772 | ||
Cache Holdings, Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 287,214 | ||
Cache Holdings, Inc. [Member] | Non Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Contractually required principal | 288,959 | ||
Cash flows expected to be collected | 288,959 | ||
Accretable yield | (3,017) | ||
Fair value of acquired loans | 285,942 | ||
Cache Holdings, Inc. [Member] | Purchase Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Contractually required principal | 2,035 | ||
Non-accretable difference (expected losses) | (371) | ||
Cash flows expected to be collected | 1,664 | ||
Accretable yield | (392) | ||
Fair value of acquired loans | $ 1,272 | ||
Prairie State Bancshares, Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | $ 129,997 | ||
Prairie State Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Contractually required principal | 123,519 | ||
Cash flows expected to be collected | 123,519 | ||
Accretable yield | (2,279) | ||
Fair value of acquired loans | 121,240 | ||
Prairie State Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Contractually required principal | 11,430 | ||
Non-accretable difference (expected losses) | (2,673) | ||
Cash flows expected to be collected | 8,757 | ||
Fair value of acquired loans | $ 8,757 | ||
Community First Bancshares, Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | $ 354,071 | ||
Community First Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Contractually required principal | 343,785 | ||
Cash flows expected to be collected | 343,785 | ||
Accretable yield | (4,036) | ||
Fair value of acquired loans | 339,749 | ||
Community First Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Contractually required principal | 22,069 | ||
Non-accretable difference (expected losses) | (6,568) | ||
Cash flows expected to be collected | 15,501 | ||
Accretable yield | (1,179) | ||
Fair value of acquired loans | $ 14,322 |
Business Combinations - Carryin
Business Combinations - Carrying Value of Loans Acquired (Detail) - USD ($) $ in Thousands | Nov. 10, 2017 | Mar. 10, 2017 | Nov. 10, 2016 |
Eastman National Bancshares, Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | $ 177,880 | ||
Eastman National Bancshares, Inc. [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 77,243 | ||
Eastman National Bancshares, Inc. [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 38,190 | ||
Eastman National Bancshares, Inc. [Member] | Residential Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 37,304 | ||
Eastman National Bancshares, Inc. [Member] | Agricultural Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 7,113 | ||
Eastman National Bancshares, Inc. [Member] | Consumer [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 5,158 | ||
Eastman National Bancshares, Inc. [Member] | Agricultural [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 12,872 | ||
Eastman National Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 169,108 | ||
Eastman National Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 71,917 | ||
Eastman National Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 36,645 | ||
Eastman National Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Residential Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 36,846 | ||
Eastman National Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Agricultural Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 7,080 | ||
Eastman National Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Consumer [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 5,158 | ||
Eastman National Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Agricultural [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 11,462 | ||
Eastman National Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 8,772 | ||
Eastman National Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 5,326 | ||
Eastman National Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 1,545 | ||
Eastman National Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Residential Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 458 | ||
Eastman National Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Agricultural Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 33 | ||
Eastman National Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Agricultural [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 1,410 | ||
Cache Holdings, Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 287,214 | ||
Cache Holdings, Inc. [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 200,069 | ||
Cache Holdings, Inc. [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 83,535 | ||
Cache Holdings, Inc. [Member] | Residential Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 2,027 | ||
Cache Holdings, Inc. [Member] | Agricultural Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 265 | ||
Cache Holdings, Inc. [Member] | Consumer [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 1,318 | ||
Cache Holdings, Inc. [Member] | Non Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 285,942 | ||
Cache Holdings, Inc. [Member] | Non Credit Impaired Loans [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 199,151 | ||
Cache Holdings, Inc. [Member] | Non Credit Impaired Loans [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 83,181 | ||
Cache Holdings, Inc. [Member] | Non Credit Impaired Loans [Member] | Residential Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 2,027 | ||
Cache Holdings, Inc. [Member] | Non Credit Impaired Loans [Member] | Agricultural Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 265 | ||
Cache Holdings, Inc. [Member] | Non Credit Impaired Loans [Member] | Consumer [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 1,318 | ||
Cache Holdings, Inc. [Member] | Purchase Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 1,272 | ||
Cache Holdings, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 918 | ||
Cache Holdings, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | $ 354 | ||
Prairie State Bancshares, Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | $ 129,997 | ||
Prairie State Bancshares, Inc. [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 9,368 | ||
Prairie State Bancshares, Inc. [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 12,177 | ||
Prairie State Bancshares, Inc. [Member] | Residential Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 137 | ||
Prairie State Bancshares, Inc. [Member] | Agricultural Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 28,553 | ||
Prairie State Bancshares, Inc. [Member] | Consumer [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 1,451 | ||
Prairie State Bancshares, Inc. [Member] | Agricultural [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 78,311 | ||
Prairie State Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 121,240 | ||
Prairie State Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 9,224 | ||
Prairie State Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 11,203 | ||
Prairie State Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Residential Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 137 | ||
Prairie State Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Agricultural Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 25,593 | ||
Prairie State Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Consumer [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 1,451 | ||
Prairie State Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Agricultural [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 73,632 | ||
Prairie State Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 8,757 | ||
Prairie State Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 144 | ||
Prairie State Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 974 | ||
Prairie State Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Agricultural Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 2,960 | ||
Prairie State Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Agricultural [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | $ 4,679 | ||
Community First Bancshares, Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | $ 354,071 | ||
Community First Bancshares, Inc. [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 176,975 | ||
Community First Bancshares, Inc. [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 41,829 | ||
Community First Bancshares, Inc. [Member] | Residential Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 80,725 | ||
Community First Bancshares, Inc. [Member] | Agricultural Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 23,822 | ||
Community First Bancshares, Inc. [Member] | Consumer [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 23,818 | ||
Community First Bancshares, Inc. [Member] | Agricultural [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 6,902 | ||
Community First Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 339,749 | ||
Community First Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 167,906 | ||
Community First Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 38,307 | ||
Community First Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Residential Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 79,832 | ||
Community First Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Agricultural Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 22,984 | ||
Community First Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Consumer [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 23,818 | ||
Community First Bancshares, Inc. [Member] | Non Credit Impaired Loans [Member] | Agricultural [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 6,902 | ||
Community First Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 14,322 | ||
Community First Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Commercial Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 9,069 | ||
Community First Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Commercial and Industrial [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 3,522 | ||
Community First Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Residential Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | 893 | ||
Community First Bancshares, Inc. [Member] | Purchase Credit Impaired Loans [Member] | Agricultural Real Estate [Member] | |||
Business Acquisition [Line Items] | |||
Fair value of acquired loans | $ 838 |
Securities - Amortized Cost and
Securities - Amortized Cost and Fair Value of Securities Available-for-Sale (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | $ 164,069 | $ 97,232 |
Available-for-Sale, Gross Unrealized Gains | 36 | 161 |
Available-for-Sale, Gross Unrealized Losses | (1,833) | (1,661) |
Available-for-Sale, Fair Value | 162,272 | 95,732 |
U.S. Government Sponsored Entities [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 4,766 | |
Available-for-Sale, Gross Unrealized Gains | 16 | |
Available-for-Sale, Fair Value | 4,782 | |
Residential Mortgage-Backed (Securities Issued by Government-Sponsored Entities) [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 163,374 | 88,257 |
Available-for-Sale, Gross Unrealized Gains | 36 | 93 |
Available-for-Sale, Gross Unrealized Losses | (1,819) | (1,647) |
Available-for-Sale, Fair Value | 161,591 | 86,703 |
Corporate [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 3,000 | |
Available-for-Sale, Gross Unrealized Gains | 39 | |
Available-for-Sale, Fair Value | 3,039 | |
Small Business Administration Loan Pools [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 210 | |
Available-for-Sale, Gross Unrealized Gains | 13 | |
Available-for-Sale, Fair Value | 223 | |
State and Political Subdivisions [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 195 | 499 |
Available-for-Sale, Fair Value | 195 | 499 |
Equity Securities [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 500 | 500 |
Available-for-Sale, Gross Unrealized Losses | (14) | (14) |
Available-for-Sale, Fair Value | $ 486 | $ 486 |
Securities - Amortized Cost a61
Securities - Amortized Cost and Fair Value of Securities Held-to-Maturity (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule Of Held To Maturity Securities [Line Items] | ||
Held-to-Maturity, Amortized Cost | $ 535,462 | $ 465,709 |
Held-to-Maturity, Gross Unrecognized Gains | 2,622 | 2,037 |
Held-to-Maturity, Gross Unrecognized Losses | (5,340) | (6,590) |
Held-to-Maturity, Fair Value | 532,744 | 461,156 |
U.S. Government Sponsored Entities [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Held-to-Maturity, Amortized Cost | 998 | 998 |
Held-to-Maturity, Gross Unrecognized Losses | (13) | (33) |
Held-to-Maturity, Fair Value | 985 | 965 |
Residential Mortgage-Backed (Securities Issued by Government-Sponsored Entities) [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Held-to-Maturity, Amortized Cost | 383,875 | 338,749 |
Held-to-Maturity, Gross Unrecognized Gains | 573 | 686 |
Held-to-Maturity, Gross Unrecognized Losses | (4,866) | (4,702) |
Held-to-Maturity, Fair Value | 379,582 | 334,733 |
Corporate [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Held-to-Maturity, Amortized Cost | 22,991 | 12,988 |
Held-to-Maturity, Gross Unrecognized Gains | 355 | 139 |
Held-to-Maturity, Gross Unrecognized Losses | (28) | |
Held-to-Maturity, Fair Value | 23,346 | 13,099 |
Small Business Administration Loan Pools [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Held-to-Maturity, Amortized Cost | 2,048 | 2,398 |
Held-to-Maturity, Gross Unrecognized Gains | 1 | |
Held-to-Maturity, Gross Unrecognized Losses | (14) | (17) |
Held-to-Maturity, Fair Value | 2,034 | 2,382 |
State and Political Subdivisions [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Held-to-Maturity, Amortized Cost | 125,550 | 110,576 |
Held-to-Maturity, Gross Unrecognized Gains | 1,694 | 1,211 |
Held-to-Maturity, Gross Unrecognized Losses | (447) | (1,810) |
Held-to-Maturity, Fair Value | $ 126,797 | $ 109,977 |
Securities - Fair Value and Amo
Securities - Fair Value and Amortized Cost of Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Investments Debt And Equity Securities [Abstract] | ||
Available-for-Sale, Amortized Cost, Within one year | $ 195 | |
Available-for-Sale, Amortized Cost, Mortgage-backed securities | 163,374 | |
Available-for-Sale, Amortized Cost, Total debt securities | 163,569 | |
Available-for-Sale, Fair Value, Within one year | 195 | |
Available-for-Sale, Fair Value, Mortgage-backed securities | 161,591 | |
Available-for-Sale, Fair Value, Total debt securities | 161,786 | |
Held-to-Maturity, Amortized Cost, Within one year | 2,871 | |
Held-to-Maturity, Amortized Cost, One to five years | 27,256 | |
Held-to-Maturity, Amortized Cost, Five to ten years | 43,106 | |
Held-to-Maturity, Amortized Cost, After ten years | 78,354 | |
Held-to-Maturity, Amortized Cost, Mortgage-backed securities | 383,875 | |
Held-to-Maturity, Amortized Cost | 535,462 | $ 465,709 |
Held-to-Maturity, Fair Value, Within one year | 2,876 | |
Held-to-Maturity, Fair Value, One to five years | 27,610 | |
Held-to-Maturity, Fair Value, Five to ten years | 43,951 | |
Held-to-Maturity, Fair Value, After ten years | 78,725 | |
Held-to-Maturity, Fair Value, Mortgage-backed securities | 379,582 | |
Held-to-Maturity, Fair Value, Total debt securities | $ 532,744 | $ 461,156 |
Securities - Additional Informa
Securities - Additional Information (Detail) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016USD ($)Security | Dec. 31, 2015USD ($) | Dec. 31, 2017USD ($)Security | |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | |||
Carrying value of securities pledged as collateral | $ | $ 439,208 | $ 570,146 | |
Number of securities of single issuer with book value greater than ten percent of stockholders equity | Security | 0 | 0 | |
Number of unrealized loss position, available-for-sale securities | Security | 32 | ||
Number of unrealized loss position, held-to-maturity securities | Security | 324 | ||
Bankruptcy settlement included in gain on sale | $ | $ 386 | ||
Subordinated Notes [Member] | |||
Schedule Of Trading Securities And Other Trading Assets [Line Items] | |||
Other-than-temporary impairment loss | $ | $ 414 | ||
Investment interest rate | 9.125% | ||
Investment maturity date | 2019-07 |
Securities - Summary of Gross U
Securities - Summary of Gross Unrealized Losses and Fair Value of Securities (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule Of Available For Sale Securities [Line Items] | ||
Total temporarily impaired securities, Available-for-sale securities, Less Than 12 Months, Fair Value | $ 78,884 | $ 77,414 |
Total temporarily impaired securities, Available-for-sale securities, Less Than 12 Months, Unrealized Loss | (437) | (1,647) |
Total temporarily impaired securities, Available-for-sale securities, 12 Months or More, Fair Value | 59,026 | 486 |
Total temporarily impaired securities, Available-for-sale securities, 12 Months or More, Unrealized Loss | (1,396) | (14) |
Total temporarily impaired securities, Available-for-sale securities, Fair Value | 137,910 | 77,900 |
Total temporarily impaired securities, Available-for-sale securities, Unrealized Loss | (1,833) | (1,661) |
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Fair Value | 175,619 | 363,663 |
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Unrealized Loss | (1,403) | (8,095) |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Fair Value | 226,719 | 15,281 |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Unrealized Loss | (5,520) | (499) |
Total temporarily impaired securities, Held-to-maturity securities, Fair Value | 402,338 | 378,944 |
Total temporarily impaired securities, Held-to-maturity securities, Unrealized Loss | (6,923) | (8,594) |
Residential Mortgage-Backed (Securities Issued by Government-Sponsored Entities) [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Total temporarily impaired securities, Available-for-sale securities, Less Than 12 Months, Fair Value | 78,884 | 77,414 |
Total temporarily impaired securities, Available-for-sale securities, Less Than 12 Months, Unrealized Loss | (437) | (1,647) |
Total temporarily impaired securities, Available-for-sale securities, 12 Months or More, Fair Value | 58,540 | |
Total temporarily impaired securities, Available-for-sale securities, 12 Months or More, Unrealized Loss | (1,382) | |
Total temporarily impaired securities, Available-for-sale securities, Fair Value | 137,424 | 77,414 |
Total temporarily impaired securities, Available-for-sale securities, Unrealized Loss | (1,819) | (1,647) |
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Fair Value | 147,281 | 291,003 |
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Unrealized Loss | (1,263) | (5,922) |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Fair Value | 198,239 | 10,801 |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Unrealized Loss | (5,030) | (426) |
Total temporarily impaired securities, Held-to-maturity securities, Fair Value | 345,520 | 301,804 |
Total temporarily impaired securities, Held-to-maturity securities, Unrealized Loss | (6,293) | (6,348) |
Equity Securities [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Total temporarily impaired securities, Available-for-sale securities, 12 Months or More, Fair Value | 486 | 486 |
Total temporarily impaired securities, Available-for-sale securities, 12 Months or More, Unrealized Loss | (14) | (14) |
Total temporarily impaired securities, Available-for-sale securities, Fair Value | 486 | 486 |
Total temporarily impaired securities, Available-for-sale securities, Unrealized Loss | (14) | (14) |
U.S. Government Sponsored Entities [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Fair Value | 965 | |
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Unrealized Loss | (33) | |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Fair Value | 985 | |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Unrealized Loss | (13) | |
Total temporarily impaired securities, Held-to-maturity securities, Fair Value | 985 | 965 |
Total temporarily impaired securities, Held-to-maturity securities, Unrealized Loss | (13) | (33) |
Corporate [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Fair Value | 5,312 | 5,407 |
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Unrealized Loss | (16) | (16) |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Fair Value | 3,166 | |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Unrealized Loss | (28) | |
Total temporarily impaired securities, Held-to-maturity securities, Fair Value | 5,312 | 8,573 |
Total temporarily impaired securities, Held-to-maturity securities, Unrealized Loss | (16) | (44) |
Small Business Administration Loan Pools [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Fair Value | 926 | 1,068 |
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Unrealized Loss | (1) | (2) |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Fair Value | 1,108 | 1,314 |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Unrealized Loss | (38) | (45) |
Total temporarily impaired securities, Held-to-maturity securities, Fair Value | 2,034 | 2,382 |
Total temporarily impaired securities, Held-to-maturity securities, Unrealized Loss | (39) | (47) |
State and Political Subdivisions [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Fair Value | 22,100 | 65,220 |
Total temporarily impaired securities, Held-to-maturity securities, Less Than 12 Months, Unrealized Loss | (123) | (2,122) |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Fair Value | 26,387 | |
Total temporarily impaired securities, Held-to-maturity securities, 12 Months or More, Unrealized Loss | (439) | |
Total temporarily impaired securities, Held-to-maturity securities, Fair Value | 48,487 | 65,220 |
Total temporarily impaired securities, Held-to-maturity securities, Unrealized Loss | $ (562) | $ (2,122) |
Securities - Proceeds from Sale
Securities - Proceeds from Sales and Associated Gains and Losses Reclassified from Other comprehensive Income to Income (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Investments Debt And Equity Securities [Abstract] | |||
Proceeds | $ 84,087 | $ 70,957 | $ 17,105 |
Gross gains | 271 | 893 | 370 |
Income tax expense on net realized gains | $ 103 | $ 342 | $ 142 |
Loans and Allowance For Loan 66
Loans and Allowance For Loan Losses - Categories of Loans (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Accounts Notes And Loans Receivable [Line Items] | ||||
Total loans | $ 2,103,279 | $ 1,383,605 | ||
Allowance for loan losses | (8,498) | (6,432) | $ (5,506) | $ (5,963) |
Net loans | 2,094,781 | 1,377,173 | ||
Commercial Real Estate [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Total loans | 987,661 | 593,108 | ||
Allowance for loan losses | (2,740) | (2,420) | (2,051) | (2,897) |
Commercial and Industrial [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Total loans | 507,519 | 348,465 | ||
Allowance for loan losses | (2,136) | (1,881) | (1,366) | (1,559) |
Residential Real Estate [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Total loans | 376,705 | 338,387 | ||
Allowance for loan losses | (2,262) | (1,765) | (1,824) | (1,190) |
Agricultural Real Estate [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Total loans | 86,486 | 38,331 | ||
Allowance for loan losses | (319) | (35) | (29) | (148) |
Consumer [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Total loans | 49,361 | 40,902 | ||
Allowance for loan losses | (768) | (266) | (187) | (81) |
Agricultural [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Total loans | 95,547 | 24,412 | ||
Allowance for loan losses | $ (273) | $ (65) | $ (49) | $ (88) |
Loans and Allowance for Loan 67
Loans and Allowance for Loan Losses - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2017USD ($)PoolLoan | Dec. 31, 2016USD ($)Loan | Dec. 31, 2015USD ($) | |
Accounts Notes And Loans Receivable [Line Items] | |||
Loans | $ 2,094,781,000 | $ 1,377,173,000 | |
Loans purchased at discount | 796,064,000 | 388,251,000 | $ 87,290,000 |
Discount associated with loans purchased | 7,231,000 | 3,596,000 | 502,000 |
Provision for loan losses | $ 2,953,000 | $ 2,119,000 | 3,047,000 |
Troubled debt restructurings | Loan | 0 | 0 | |
Consumer Loans [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Over-draft deposit accounts | $ 741,000 | $ 567,000 | |
Purchased Credit Impaired Loans [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Accretable yield | 1,980,000 | 1,063,000 | 935,000 |
Interest income recognized | 1,785,000 | 1,237,000 | 866,000 |
Provision for loan losses | 194,000 | 0 | 0 |
Commercial and Industrial [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Mortgage finance loans amount | 10,000,000 | 10,000,000 | |
Provision for loan losses | 651,000 | 700,000 | $ 1,252,000 |
Residential Real Estate Loan Pools [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Loans | 85,868,000 | 90,705,000 | |
Payments to acquire loans | $ 14,767,000 | $ 38,362,000 | |
Purchased pools of residential real estate | Pool | 2 |
Loans and Allowance for Loan 68
Loans and Allowance for Loan Losses - Schedule of Allowance for Loan Losses (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Financing Receivable Allowance For Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning Balance | $ 6,432 | $ 5,506 | $ 5,963 |
Provision for loan losses | 2,953 | 2,119 | 3,047 |
Loans charged-off | (2,135) | (1,720) | (3,741) |
Recoveries | 1,248 | 527 | 237 |
Allowance for Loan Losses, Ending Balance | 8,498 | 6,432 | 5,506 |
Commercial Real Estate [Member] | |||
Financing Receivable Allowance For Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning Balance | 2,420 | 2,051 | 2,897 |
Provision for loan losses | (69) | 725 | 694 |
Loans charged-off | (271) | (557) | (1,668) |
Recoveries | 660 | 201 | 128 |
Allowance for Loan Losses, Ending Balance | 2,740 | 2,420 | 2,051 |
Commercial and Industrial [Member] | |||
Financing Receivable Allowance For Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning Balance | 1,881 | 1,366 | 1,559 |
Provision for loan losses | 651 | 700 | 1,252 |
Loans charged-off | (431) | (226) | (1,468) |
Recoveries | 35 | 41 | 23 |
Allowance for Loan Losses, Ending Balance | 2,136 | 1,881 | 1,366 |
Residential Real Estate [Member] | |||
Financing Receivable Allowance For Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning Balance | 1,765 | 1,824 | 1,190 |
Provision for loan losses | 604 | 75 | 899 |
Loans charged-off | (350) | (299) | (296) |
Recoveries | 243 | 165 | 31 |
Allowance for Loan Losses, Ending Balance | 2,262 | 1,765 | 1,824 |
Agricultural Real Estate [Member] | |||
Financing Receivable Allowance For Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning Balance | 35 | 29 | 148 |
Provision for loan losses | 287 | 6 | (119) |
Loans charged-off | (16) | (23) | |
Recoveries | 13 | 23 | |
Allowance for Loan Losses, Ending Balance | 319 | 35 | 29 |
Consumer [Member] | |||
Financing Receivable Allowance For Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning Balance | 266 | 187 | 81 |
Provision for loan losses | 1,236 | 567 | 362 |
Loans charged-off | (1,025) | (584) | (309) |
Recoveries | 291 | 96 | 53 |
Allowance for Loan Losses, Ending Balance | 768 | 266 | 187 |
Agricultural [Member] | |||
Financing Receivable Allowance For Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning Balance | 65 | 49 | 88 |
Provision for loan losses | 244 | 46 | (41) |
Loans charged-off | (42) | (31) | |
Recoveries | 6 | 1 | 2 |
Allowance for Loan Losses, Ending Balance | $ 273 | $ 65 | $ 49 |
Loans and Allowance for Loan 69
Loans and Allowance for Loan Losses - Schedule of Loans Evaluated for Impairment (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Financing Receivable Impaired [Line Items] | ||||
Individually evaluated for impairment, Allowance for loan losses | $ 741 | $ 627 | ||
Collectively evaluated for impairment, Allowance for loan losses | 7,563 | 5,805 | ||
Purchased credit impaired loans | 194 | |||
Total Allowance for Loan Losses | 8,498 | 6,432 | $ 5,506 | $ 5,963 |
Individually evaluated for impairment | 17,582 | 8,319 | ||
Collectively evaluated for impairment | 2,056,840 | 1,356,787 | ||
Purchased credit impaired loans | 28,857 | 18,499 | ||
Total Loans | 2,103,279 | 1,383,605 | ||
Commercial Real Estate [Member] | ||||
Financing Receivable Impaired [Line Items] | ||||
Individually evaluated for impairment, Allowance for loan losses | 130 | 270 | ||
Collectively evaluated for impairment, Allowance for loan losses | 2,582 | 2,150 | ||
Purchased credit impaired loans | 28 | |||
Total Allowance for Loan Losses | 2,740 | 2,420 | 2,051 | 2,897 |
Individually evaluated for impairment | 2,728 | 3,182 | ||
Collectively evaluated for impairment | 971,376 | 577,863 | ||
Purchased credit impaired loans | 13,557 | 12,063 | ||
Total Loans | 987,661 | 593,108 | ||
Commercial and Industrial [Member] | ||||
Financing Receivable Impaired [Line Items] | ||||
Individually evaluated for impairment, Allowance for loan losses | 87 | 22 | ||
Collectively evaluated for impairment, Allowance for loan losses | 2,028 | 1,859 | ||
Purchased credit impaired loans | 21 | |||
Total Allowance for Loan Losses | 2,136 | 1,881 | 1,366 | 1,559 |
Individually evaluated for impairment | 7,886 | 550 | ||
Collectively evaluated for impairment | 493,903 | 344,414 | ||
Purchased credit impaired loans | 5,730 | 3,501 | ||
Total Loans | 507,519 | 348,465 | ||
Residential Real Estate [Member] | ||||
Financing Receivable Impaired [Line Items] | ||||
Individually evaluated for impairment, Allowance for loan losses | 386 | 288 | ||
Collectively evaluated for impairment, Allowance for loan losses | 1,815 | 1,477 | ||
Purchased credit impaired loans | 61 | |||
Total Allowance for Loan Losses | 2,262 | 1,765 | 1,824 | 1,190 |
Individually evaluated for impairment | 4,829 | 3,321 | ||
Collectively evaluated for impairment | 369,471 | 332,962 | ||
Purchased credit impaired loans | 2,405 | 2,104 | ||
Total Loans | 376,705 | 338,387 | ||
Agricultural Real Estate [Member] | ||||
Financing Receivable Impaired [Line Items] | ||||
Individually evaluated for impairment, Allowance for loan losses | 46 | 2 | ||
Collectively evaluated for impairment, Allowance for loan losses | 190 | 33 | ||
Purchased credit impaired loans | 83 | |||
Total Allowance for Loan Losses | 319 | 35 | 29 | 148 |
Individually evaluated for impairment | 533 | 834 | ||
Collectively evaluated for impairment | 82,493 | 36,668 | ||
Purchased credit impaired loans | 3,460 | 829 | ||
Total Loans | 86,486 | 38,331 | ||
Consumer [Member] | ||||
Financing Receivable Impaired [Line Items] | ||||
Individually evaluated for impairment, Allowance for loan losses | 56 | 45 | ||
Collectively evaluated for impairment, Allowance for loan losses | 712 | 221 | ||
Total Allowance for Loan Losses | 768 | 266 | 187 | 81 |
Individually evaluated for impairment | 556 | 429 | ||
Collectively evaluated for impairment | 48,802 | 40,471 | ||
Purchased credit impaired loans | 3 | 2 | ||
Total Loans | 49,361 | 40,902 | ||
Agricultural [Member] | ||||
Financing Receivable Impaired [Line Items] | ||||
Individually evaluated for impairment, Allowance for loan losses | 36 | |||
Collectively evaluated for impairment, Allowance for loan losses | 236 | 65 | ||
Purchased credit impaired loans | 1 | |||
Total Allowance for Loan Losses | 273 | 65 | $ 49 | $ 88 |
Individually evaluated for impairment | 1,050 | 3 | ||
Collectively evaluated for impairment | 90,795 | 24,409 | ||
Purchased credit impaired loans | 3,702 | |||
Total Loans | $ 95,547 | $ 24,412 |
Loans and Allowance for Loan 70
Loans and Allowance for Loan Losses - Impaired Loans, Segregated by Portfolio and Class of Loans (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Financing Receivable Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | $ 11,847 | $ 3,521 |
With no related allowance recorded, Recorded Investment | 10,615 | 2,828 |
With no related allowance recorded, Average Recorded Investment | 6,938 | 6,170 |
With no related allowance recorded, Interest Income Recognized | 634 | 49 |
With an allowance recorded, Unpaid Principal Balance | 13,968 | 7,666 |
With an allowance recorded, Recorded Investment | 10,215 | 5,491 |
Allowance for Loan Losses Allocated | 935 | 627 |
With an allowance recorded, Average Recorded Investment | 7,836 | 3,551 |
With an allowance recorded, Interest Income Recognized | 195 | 67 |
Unpaid Principal Balance | 25,815 | 11,187 |
Recorded Investment | 20,830 | 8,319 |
Average Recorded Investment | 14,774 | 9,721 |
Interest Income Recognized | 829 | 116 |
Commercial Real Estate [Member] | ||
Financing Receivable Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 1,878 | 904 |
With no related allowance recorded, Recorded Investment | 1,567 | 676 |
With no related allowance recorded, Average Recorded Investment | 1,426 | 2,764 |
With no related allowance recorded, Interest Income Recognized | 267 | 6 |
With an allowance recorded, Unpaid Principal Balance | 4,049 | 4,493 |
With an allowance recorded, Recorded Investment | 1,597 | 2,506 |
Allowance for Loan Losses Allocated | 158 | 270 |
With an allowance recorded, Average Recorded Investment | 1,813 | 1,792 |
With an allowance recorded, Interest Income Recognized | 16 | 20 |
Commercial and Industrial [Member] | ||
Financing Receivable Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 8,679 | 510 |
With no related allowance recorded, Recorded Investment | 8,020 | 309 |
With no related allowance recorded, Average Recorded Investment | 4,572 | 1,475 |
With no related allowance recorded, Interest Income Recognized | 252 | |
With an allowance recorded, Unpaid Principal Balance | 1,310 | 265 |
With an allowance recorded, Recorded Investment | 1,113 | 240 |
Allowance for Loan Losses Allocated | 108 | 22 |
With an allowance recorded, Average Recorded Investment | 663 | 122 |
With an allowance recorded, Interest Income Recognized | 51 | 1 |
Residential Real Estate [Member] | ||
Financing Receivable Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 1,230 | 1,230 |
With no related allowance recorded, Recorded Investment | 969 | 980 |
With no related allowance recorded, Average Recorded Investment | 587 | 957 |
With no related allowance recorded, Interest Income Recognized | 29 | 15 |
With an allowance recorded, Unpaid Principal Balance | 4,868 | 2,433 |
With an allowance recorded, Recorded Investment | 4,468 | 2,341 |
Allowance for Loan Losses Allocated | 447 | 288 |
With an allowance recorded, Average Recorded Investment | 3,916 | 1,336 |
With an allowance recorded, Interest Income Recognized | 95 | 32 |
Agricultural Real Estate [Member] | ||
Financing Receivable Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 52 | 824 |
With no related allowance recorded, Recorded Investment | 52 | 812 |
With no related allowance recorded, Average Recorded Investment | 270 | 872 |
With no related allowance recorded, Interest Income Recognized | 12 | 27 |
With an allowance recorded, Unpaid Principal Balance | 1,266 | 23 |
With an allowance recorded, Recorded Investment | 1,034 | 23 |
Allowance for Loan Losses Allocated | 129 | 2 |
With an allowance recorded, Average Recorded Investment | 527 | 6 |
With an allowance recorded, Interest Income Recognized | 16 | |
Consumer [Member] | ||
Financing Receivable Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 1 | 53 |
With no related allowance recorded, Recorded Investment | 51 | |
With no related allowance recorded, Average Recorded Investment | 35 | |
With no related allowance recorded, Interest Income Recognized | 1 | |
With an allowance recorded, Unpaid Principal Balance | 677 | 449 |
With an allowance recorded, Recorded Investment | 559 | 378 |
Allowance for Loan Losses Allocated | 56 | 45 |
With an allowance recorded, Average Recorded Investment | 448 | 271 |
With an allowance recorded, Interest Income Recognized | 15 | 9 |
Agricultural [Member] | ||
Financing Receivable Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 7 | |
With no related allowance recorded, Recorded Investment | 7 | |
With no related allowance recorded, Average Recorded Investment | 83 | 67 |
With no related allowance recorded, Interest Income Recognized | 73 | 1 |
With an allowance recorded, Unpaid Principal Balance | 1,798 | 3 |
With an allowance recorded, Recorded Investment | 1,444 | 3 |
Allowance for Loan Losses Allocated | 37 | |
With an allowance recorded, Average Recorded Investment | 469 | 24 |
With an allowance recorded, Interest Income Recognized | $ 2 | $ 5 |
Loans and Allowance for Loan 71
Loans and Allowance for Loan Losses - Schedule of Aging of the Recorded Investment (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Nonaccrual | $ 40,276 | $ 22,693 |
Loans Not Past Due | 2,057,798 | 1,355,137 |
Total Loans | 2,103,279 | 1,383,605 |
30 to 59 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | 3,889 | 4,097 |
60 to 89 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | 1,316 | 1,678 |
Commercial Real Estate [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Nonaccrual | 11,607 | 12,258 |
Loans Not Past Due | 974,748 | 577,107 |
Total Loans | 987,661 | 593,108 |
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | 1,284 | 2,955 |
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | 22 | 788 |
Commercial and Industrial [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Nonaccrual | 13,217 | 4,051 |
Loans Not Past Due | 494,045 | 343,995 |
Total Loans | 507,519 | 348,465 |
Commercial and Industrial [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | 251 | 419 |
Commercial and Industrial [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | 6 | |
Residential Real Estate [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Nonaccrual | 6,148 | 4,285 |
Loans Not Past Due | 367,924 | 332,887 |
Total Loans | 376,705 | 338,387 |
Residential Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | 1,457 | 368 |
Residential Real Estate [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | 1,176 | 847 |
Agricultural Real Estate [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Nonaccrual | 3,993 | 1,664 |
Loans Not Past Due | 82,370 | 36,667 |
Total Loans | 86,486 | 38,331 |
Agricultural Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | 123 | |
Consumer [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Nonaccrual | 559 | 432 |
Loans Not Past Due | 48,331 | 40,124 |
Total Loans | 49,361 | 40,902 |
Consumer [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | 359 | 303 |
Consumer [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | 112 | 43 |
Agricultural [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Nonaccrual | 4,752 | 3 |
Loans Not Past Due | 90,380 | 24,357 |
Total Loans | 95,547 | 24,412 |
Agricultural [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable Recorded Investment Past Due [Line Items] | ||
Financing Receivables, Past Due | $ 415 | $ 52 |
Loans and Allowance for Loan 72
Loans and Allowance for Loan Losses - Schedule of Risk Category of Loans by Class of Loans (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | $ 2,103,279 | $ 1,383,605 |
Unclassified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 2,041,881 | 1,351,381 |
Classified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 61,398 | 32,224 |
Commercial Real Estate [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 987,661 | 593,108 |
Commercial Real Estate [Member] | Unclassified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 971,458 | 576,070 |
Commercial Real Estate [Member] | Classified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 16,203 | 17,038 |
Commercial and Industrial [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 507,519 | 348,465 |
Commercial and Industrial [Member] | Unclassified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 486,150 | 341,307 |
Commercial and Industrial [Member] | Classified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 21,369 | 7,158 |
Residential Real Estate [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 376,705 | 338,387 |
Residential Real Estate [Member] | Unclassified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 370,151 | 333,298 |
Residential Real Estate [Member] | Classified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 6,554 | 5,089 |
Agricultural Real Estate [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 86,486 | 38,331 |
Agricultural Real Estate [Member] | Unclassified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 77,084 | 36,190 |
Agricultural Real Estate [Member] | Classified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 9,402 | 2,141 |
Consumer [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 49,361 | 40,902 |
Consumer [Member] | Unclassified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 48,777 | 40,382 |
Consumer [Member] | Classified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 584 | 520 |
Agricultural [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 95,547 | 24,412 |
Agricultural [Member] | Unclassified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | 88,261 | 24,134 |
Agricultural [Member] | Classified [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total loans | $ 7,286 | $ 278 |
Loans and Allowance for Loan 73
Loans and Allowance for Loan Losses - Schedule of Recorded Investments in Purchased Credit Impaired Loans (Detail) - Purchased Credit Impaired Loans [Member] - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period [Line Items] | |||
Contractually required principal payments | $ 41,349 | $ 27,413 | $ 7,550 |
Discount | (12,492) | (8,914) | (1,794) |
Recorded investment | $ 28,857 | $ 18,499 | $ 5,756 |
Other Real Estate Owned - Sched
Other Real Estate Owned - Schedule for Changes in Other Real Estate Owned (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Real Estate [Abstract] | |||
Beginning of year | $ 8,656 | $ 5,811 | |
Transfers in | 4,562 | 3,006 | |
Acquired in acquisition | 41 | 2,744 | |
Gain on sales | 121 | 156 | $ 131 |
Proceeds from sales | (5,461) | (3,017) | (2,266) |
Other real estate | 7,919 | 8,700 | |
Additions to valuation reserve | (12) | (44) | |
Recorded investment | $ 7,907 | $ 8,656 | $ 5,811 |
Other Real Estate Owned - Summa
Other Real Estate Owned - Summary of Other Real Estate Owned Expense (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Real Estate [Abstract] | |||
Net loss (gain) on sales | $ (121) | $ (156) | $ (131) |
Provision for unrealized losses | 12 | 44 | 87 |
Operating expenses, net of rental income | 632 | 498 | 331 |
Other real estate owned | $ 523 | $ 386 | $ 287 |
Other Real Estate Owned - Addit
Other Real Estate Owned - Additional Information (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Real Estate [Abstract] | ||
Residential Real Estate Foreclosed Assets | $ 704 | $ 1,938 |
Mortgage Loans in Process of Foreclosure, Amount | $ 2,186 | $ 1,006 |
Premises and Equipment - Schedu
Premises and Equipment - Schedule of Premises and Equipment (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | $ 77,165 | $ 61,891 |
Less: accumulated depreciation | (13,716) | (11,376) |
Premises and equipment, net | 63,449 | 50,515 |
Land [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | 13,842 | 10,709 |
Buildings and Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | 51,703 | 41,645 |
Furniture Fixtures and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | $ 11,620 | $ 9,537 |
Premises and Equipment - Additi
Premises and Equipment - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Leases Operating [Abstract] | |||
Operating Leases, Rent Expense, Net | $ 691 | $ 554 | $ 545 |
Premises and Equipment - Sche79
Premises and Equipment - Schedule of Future Minimum Operating Lease Payments (Detail) $ in Thousands | Dec. 31, 2017USD ($) |
Property Plant And Equipment Capitalized Interest Costs [Abstract] | |
Due in one year or less | $ 653 |
Due after one year through two years | 252 |
Due after two years through three years | 173 |
Due after three years through four years | 139 |
Due after four years through five years | 141 |
Thereafter | 2,741 |
Total | $ 4,099 |
Goodwill and Core Deposit Int80
Goodwill and Core Deposit Intangibles - Schedule of Intangible Assets and Goodwill (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Finite-Lived Intangible Assets [Line Items] | |||
Goodwill, Beginning balance | $ 58,874 | $ 18,130 | |
Acquired in acquisition | 46,033 | 40,744 | |
Goodwill, Ending balance | 104,907 | 58,874 | $ 18,130 |
Beginning Balance | 4,715 | ||
Amortization | (1,025) | (413) | (275) |
Ending Balance | 10,738 | 4,715 | |
Core Deposits [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Beginning Balance | 4,715 | 1,549 | |
Acquired in acquisition | 7,048 | 3,579 | |
Amortization | (1,025) | (413) | |
Ending Balance | $ 10,738 | $ 4,715 | $ 1,549 |
Goodwill and Core Deposit Int81
Goodwill and Core Deposit Intangibles - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Goodwill And Intangible Assets Disclosure [Abstract] | ||
Expensed in one year or less | $ 1,535 | |
Expensed after one year through two years | 1,535 | |
Expensed after two years through three years | 1,399 | |
Expensed after three years through four years | 1,327 | |
Expensed after four years through five years | 1,138 | |
Thereafter | 3,804 | |
Total | $ 10,738 | $ 4,715 |
Qualified Affordable Housing 82
Qualified Affordable Housing Project Investments- Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Investments Schedule [Abstract] | |||
Investment in qualified affordable housing projects | $ 4,604 | $ 4,983 | $ 4,939 |
Unfunded Commitment in qualified affordable housing projects | $ 1,967 | 2,504 | 3,093 |
Commitments expected to be fulfill | The Company expects to fulfill these commitments during the years 2018 through 2023. | ||
Amortization expense for qualified affordable housing project investments | $ 376 | 296 | 224 |
Tax credits from investment in affordable housing | $ 657 | $ 625 | $ 435 |
Derivative Financial Instrume83
Derivative Financial Instruments - Additional Information (Detail) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Not Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Derivative, cap interest rate | 4.50% | 4.50% |
Interest Rate Swaps [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Derivative [Line Items] | ||
Weighted average maturity period | 8 years 8 months 12 days | 9 years |
Weighted average pay rate | 4.94% | 4.82% |
Weighted average receive rate | 4.13% | 3.50% |
Interest Rate Caps [Member] | Not Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Weighted average maturity period | 1 year 10 months 24 days | 2 years 10 months 24 days |
Derivative Financial Instrume84
Derivative Financial Instruments - Summary of Notional Balance and Fair Values of Derivatives Outstanding (Detail) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 19,805,000 | $ 18,788,000 |
Derivative Assets | 1,000 | 1,000 |
Derivative Liabilities | 46,000 | 39,000 |
Cash collateral, Derivative Assets | 0 | 0 |
Cash collateral, Derivative Liabilities | (210,000) | (190,000) |
Netting adjustments, Derivative Assets | 164,000 | 151,000 |
Netting adjustments, Derivative Liabilities | 164,000 | 151,000 |
Net amount presented in balance sheet, Derivative Assets | 165,000 | 152,000 |
Net amount presented in balance sheet, Derivative Liabilities | 0 | 0 |
Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 17,231,000 | 15,923,000 |
Derivative Liabilities | 46,000 | 39,000 |
Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 17,231,000 | 15,923,000 |
Derivative Liabilities | 46,000 | 39,000 |
Not Designated as Hedging Instrument [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 2,574,000 | 2,865,000 |
Derivative Assets | 1,000 | 1,000 |
Not Designated as Hedging Instrument [Member] | Interest Rate Caps/Floors [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | 2,574,000 | 2,865,000 |
Derivative Assets | $ 1,000 | $ 1,000 |
Derivative Financial Instrume85
Derivative Financial Instruments - Summary of Net Losses on Derivatives and Hedging Activities (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Derivatives designated as hedging instruments: | |||
Total net gain (loss) related to fair value hedge ineffectiveness | $ 0 | $ 0 | $ 0 |
Derivatives not designated as hedging instruments: | |||
Total net gains (losses) related to derivatives not designated as hedging instruments | (1) | (1) | (9) |
Net gains (losses) on derivatives and hedging activities | (1) | (1) | (9) |
Interest Rate Swaps [Member] | |||
Derivatives designated as hedging instruments: | |||
Total net gain (loss) related to fair value hedge ineffectiveness | 0 | 0 | 0 |
Interest Rate Caps/Floors [Member] | |||
Derivatives not designated as hedging instruments: | |||
Total net gains (losses) related to derivatives not designated as hedging instruments | $ (1) | $ (1) | $ (9) |
Derivative Financial Instrume86
Derivative Financial Instruments - Summary of Recorded Net Gains (Losses) on Derivatives and Related Hedged Items in Fair Value Hedging Relationships (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Fair Value Hedge Ineffectiveness | $ 0 | $ 0 | $ 0 |
Fair Value Hedging [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain/(Loss) on Derivatives | 12 | 211 | (242) |
Gain/(Loss) on Hedged Items | (12) | (211) | 242 |
Net Fair Value Hedge Ineffectiveness | 0 | 0 | 0 |
Effect of Derivatives on Net Interest Income | (137) | (199) | (82) |
Fair Value Hedging [Member] | Commercial Real Estate [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Gain/(Loss) on Derivatives | 12 | 211 | (242) |
Gain/(Loss) on Hedged Items | (12) | (211) | 242 |
Net Fair Value Hedge Ineffectiveness | 0 | 0 | 0 |
Effect of Derivatives on Net Interest Income | $ (137) | $ (199) | $ (82) |
Deposits - Additional Informati
Deposits - Additional Information (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Banking And Thrift [Abstract] | ||
Total time deposits that met or exceeded the FDIC insurance limit of $250,000 | $ 245,321 | $ 158,932 |
Brokered deposits | 62,988 | 5,427 |
Brokered deposits placed in CDARS program | $ 22,934 | $ 4,427 |
Deposits - Summary of Scheduled
Deposits - Summary of Scheduled Maturities of Time Deposits (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Banking And Thrift [Abstract] | ||
Due in one year or less | $ 503,803 | |
Due after one year through two years | 123,235 | |
Due after two years through three years | 58,090 | |
Due after three years through four years | 33,171 | |
Due after four years through five years | 56,886 | |
Thereafter | 1,314 | |
Total | $ 776,499 | $ 553,158 |
Borrowings - Schedule of Federa
Borrowings - Schedule of Federal Funds Purchased and Retail Repurchase Agreements (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Federal Funds Purchased And Securities Sold Under Agreements To Repurchase [Abstract] | ||
Federal funds purchased | $ 0 | $ 0 |
Retail repurchase agreements | $ 37,492 | $ 20,637 |
Borrowings - Additional Informa
Borrowings - Additional Information (Detail) - USD ($) | Jan. 28, 2016 | Dec. 31, 2016 | Dec. 31, 2017 | Jan. 26, 2017 | Jan. 01, 2016 |
Debt Instrument [Line Items] | |||||
Drawing against Federal Home Loan Bank advances | $ 259,588,000 | $ 347,692,000 | |||
Line of credit facility maximum borrowing capacity | $ 20,000,000 | $ 30,000,000 | |||
Bank stock loan | $ 0 | $ 2,500,000 | $ 18,612,000 | ||
Loan bears interest at fixed rate | 4.50% | 4.00% | |||
Debt Instrument, Term | 5 years | ||||
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.20% | ||||
Debt Instrument, Maturity Date Range, End | Mar. 13, 2019 | ||||
Debt Instrument, Maturity Date Range, Start | Jan. 26, 2017 | ||||
Federal Home Loan Bank Line of Credit Advances [Member] | |||||
Debt Instrument [Line Items] | |||||
Drawing against Federal Home Loan Bank advances | $ 259,588,000 | $ 347,692,000 | |||
Weighted average interest rate on drawings | 0.72% | 1.47% | |||
Federal Home Loan Bank Advances [Member] | |||||
Debt Instrument [Line Items] | |||||
Letter of credit | $ 0 | $ 5,690,000 | |||
Line of credit facility maximum borrowing capacity | 454,025,000 | 478,966,000 | |||
Line of credit facility additional borrowing capacity | 193,674,000 | 125,271,000 | |||
Residential Mortgage-Backed (Securities Issued by Government-Sponsored Entities) [Member] | |||||
Debt Instrument [Line Items] | |||||
Residential mortgage-backed securities, fair value | $ 23,389,000 | $ 44,768,000 |
Borrowings - Schedule of Borrow
Borrowings - Schedule of Borrowing Usage and Interest Rate (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Debt Disclosure [Abstract] | ||
Average daily balance during the period | $ 25,823 | $ 22,599 |
Average interest rate during the period | 0.25% | 0.26% |
Maximum month-end balance during the period | $ 43,843 | $ 25,382 |
Weighted average interest rate at period-end | 0.23% | 0.27% |
Borrowings - Summary of Federal
Borrowings - Summary of Federal Home Loan Bank Advances (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Federal Home Loan Bank Advances [Line Items] | ||
Total Federal Home Loan Bank advances | $ 347,692 | $ 259,588 |
Federal Home Loan Bank Line of Credit Advances [Member] | ||
Federal Home Loan Bank Advances [Line Items] | ||
Total Federal Home Loan Bank advances | $ 347,692 | $ 259,588 |
Subordinated Debentures - Addit
Subordinated Debentures - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Subordinated Borrowing [Line Items] | ||
Floating rate subordinated debentures | $ 13,968 | $ 13,684 |
Estimated fair value of debentures | 8,270 | |
Community First Bancshares, Inc. [Member] | ||
Subordinated Borrowing [Line Items] | ||
Estimated fair value of debentures | 4,187 | |
Trust Preferred Securities [Member] | FCB Capital Trust II [Member] | ||
Subordinated Borrowing [Line Items] | ||
Variable rate trust preferred securities | $ 10,000 | $ 10,000 |
Quarterly distributions, trust preferred securities | Three-month LIBOR plus 2.00% | |
LIBOR plus rate, percentage | 2.00% | |
Interest rate on trust preferred securities | 3.36% | 2.88% |
Maturity date of trust preferred securities | Apr. 15, 2035 | |
Proceeds from the sale of the trust preferred securities and the issuance of common securities | $ 310 | |
Floating rate subordinated debentures | 10,310 | |
Trust Preferred Securities [Member] | FCB Capital Trust III [Member] | ||
Subordinated Borrowing [Line Items] | ||
Variable rate trust preferred securities | $ 5,000 | $ 5,000 |
Quarterly distributions, trust preferred securities | Three-month LIBOR plus 1.89% | |
LIBOR plus rate, percentage | 1.89% | |
Interest rate on trust preferred securities | 3.48% | 2.85% |
Maturity date of trust preferred securities | Jun. 15, 2037 | |
Proceeds from the sale of the trust preferred securities and the issuance of common securities | $ 155 | |
Floating rate subordinated debentures | $ 5,155 | |
Trust Preferred Securities [Member] | Community First Statutory Trust I [Member] | Community First Bancshares, Inc. [Member] | ||
Subordinated Borrowing [Line Items] | ||
Quarterly distributions, trust preferred securities | Three-month LIBOR plus 3.25% | |
LIBOR plus rate, percentage | 3.25% | |
Interest rate on trust preferred securities | 4.92% | 4.25% |
Maturity date of trust preferred securities | Dec. 26, 2032 |
Subordinated Debentures - Summa
Subordinated Debentures - Summary of Contractual Balance and Unamortized Fair Value Adjustments (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Brokers And Dealers [Abstract] | ||
Contractual balance | $ 20,620 | $ 20,620 |
Unamortized fair value adjustment | (6,652) | (6,936) |
Net book value | $ 13,968 | $ 13,684 |
Contractual Obligations - Addit
Contractual Obligations - Additional Information (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Commitments And Contingencies Disclosure [Abstract] | ||
Contractual obligation | $ 1,967 | $ 2,504 |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | Nov. 10, 2017 | Mar. 10, 2017 | Dec. 20, 2016 | Nov. 10, 2016 | May 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Jan. 04, 2016 | Aug. 11, 2011 |
Class of Stock [Line Items] | ||||||||||
Number of preferred stock shares authorized | 10,000,000 | |||||||||
Tax benefit in connection with stock compensation expense | $ 224 | |||||||||
Employee stock loan amount | $ 121 | $ 242 | ||||||||
Employee stock loan maturity date | Dec. 31, 2018 | |||||||||
Employee stock loan interest rate | 1.68% | |||||||||
Reclassification adjustment for net gains included in net income | $ 271 | 893 | 370 | |||||||
Reclassification adjustment of accretion expense to taxable interest income on securities | $ 532 | $ 615 | $ 767 | |||||||
Preferred Stock, Series C [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Preferred Stock, shares issued | 16,372 | |||||||||
Preferred Stock, shares outstanding | 16,372 | |||||||||
Preferred Stock, Series C [Member] | Small Business Lending Fund [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Preferred stock liquidation amount per share | $ 1,000 | |||||||||
Preferred stock dividend rate | 1.00% | |||||||||
Preferred stock liquidation amount | $ 16,372 | |||||||||
Class A Common Stock [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Number of common stock shares authorized | 45,000,000 | |||||||||
Shares issued, par value | $ 0.01 | |||||||||
Shares issued to employees | 203,216 | |||||||||
Class A Common Stock [Member] | Eastman National Bancshares, Inc. [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Shares issued or sold | 1,179,747 | |||||||||
Class A Common Stock [Member] | Cache Holdings, Inc. [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Shares issued or sold | 1,190,941 | |||||||||
Class A Common Stock [Member] | Community First Bancshares, Inc. [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Shares issued or sold | 2,689,690 | |||||||||
Class A Common Stock [Member] | Prairie State Bancshares, Inc. [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Shares issued or sold | 479,465 | |||||||||
Class A Common Stock [Member] | Private Placement [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Shares issued, par value | $ 32.50 | |||||||||
Shares issued or sold | 770,000 | |||||||||
Net proceeds from private placement | $ 23,600 | |||||||||
Offering cost for repurchase of private placement | 1,400 | |||||||||
Line of credit | $ 6,000 | |||||||||
Class B Common Stock [Member] | ||||||||||
Class of Stock [Line Items] | ||||||||||
Number of common stock shares authorized | 5,000,000 | |||||||||
Shares issued, par value | $ 0.01 |
Stockholders' Equity - Summary
Stockholders' Equity - Summary of Shares Issued and Held in Treasury or Outstanding (Detail) - shares | Dec. 31, 2017 | Dec. 31, 2016 |
Class A Common Stock [Member] | ||
Class of Stock [Line Items] | ||
Common stock - issued | 15,876,650 | 12,393,124 |
Common stock - held in treasury | (1,271,043) | (1,271,043) |
Common stock - outstanding | 14,605,607 | 11,122,081 |
Class B Common Stock [Member] | ||
Class of Stock [Line Items] | ||
Common stock - issued | 234,903 | 793,130 |
Common stock - held in treasury | (234,903) | (234,903) |
Common stock - outstanding | 0 | 558,227 |
Stockholders' Equity - Componen
Stockholders' Equity - Components of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Total | $ (3,092) | $ (2,702) |
Accumulated Net Unrealized Investment Gain (Losses) [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Net unrealized or unamortized gains (losses) | (4,141) | (4,376) |
Tax effect | 1,049 | 1,674 |
Available for Sale Securities [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Total | (1,342) | (926) |
Available for Sale Securities [Member] | Accumulated Net Unrealized Investment Gain (Losses) [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Net unrealized or unamortized gains (losses) | (1,797) | (1,500) |
Tax effect | 455 | 574 |
Held to Maturity Securities [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Total | (1,750) | (1,776) |
Held to Maturity Securities [Member] | Accumulated Net Unrealized Investment Gain (Losses) [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Net unrealized or unamortized gains (losses) | (2,344) | (2,876) |
Tax effect | $ 594 | $ 1,100 |
Income Taxes - Schedule of Comp
Income Taxes - Schedule of Components of Income Tax Expense (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Current income tax expense | |||
Federal | $ 6,474 | $ 2,863 | $ 1,157 |
State | 1,282 | 723 | 558 |
Total current income tax expense | 7,756 | 3,586 | 1,715 |
Deferred income tax expense | |||
Federal | 2,550 | 865 | 2,263 |
State | 71 | 44 | 164 |
Total deferred income tax expense | 2,621 | 909 | 2,427 |
Total income tax expense | $ 10,377 | $ 4,495 | $ 4,142 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Tax [Line Items] | ||||
Federal Statutory Income Tax Rate | 35.00% | 35.00% | 35.00% | |
Tax Cuts And Jobs Act Of 2017 Change In Tax Rate Income Tax Expense (Benefit) | $ 1,086 | |||
Decrease in net deferred tax assets related to unrealized or unamortized losses on securities | 535 | |||
Excess tax benefit in connection with stock compensation expense | $ 13 | $ 224 | ||
Deferred tax liabilities | 8,130 | 9,403 | ||
Acquired federal net operating losses | 880 | |||
Acquired federal tax credits | 974 | |||
Eastman National Bank [Member] | ||||
Income Tax [Line Items] | ||||
Deferred tax assets | 2,832 | |||
Deferred tax liabilities | 2,075 | |||
Cache Holdings, Inc. [Member] | ||||
Income Tax [Line Items] | ||||
Deferred tax assets | 1,446 | |||
Deferred tax liabilities | $ 694 | |||
Community First Bancshares, Inc. [Member] | ||||
Income Tax [Line Items] | ||||
Deferred tax assets | 6,621 | |||
Deferred tax liabilities | $ 2,537 | |||
Domestic Tax Authority [Member] | ||||
Income Tax [Line Items] | ||||
Operating loss carry forwards, expiration date | Between 2030 and 2031 | |||
Tax credits, expiration date | Between 2027 and 2034 | |||
State and Local Jurisdiction [Member] | Kansas [Member] | ||||
Income Tax [Line Items] | ||||
Operating loss carry forwards, expiration date | between 2018 and 2027 | |||
Operating loss carryforwards | $ 15,160 | |||
State and Local Jurisdiction [Member] | First Independence Corporation and Subsidiary [Member] | Kansas [Member] | ||||
Income Tax [Line Items] | ||||
Operating loss carry forwards, expiration date | between 2019 and 2022 | |||
Operating loss carryforwards | $ 3,622 | |||
Accounting Standards Update 2016-09 [Member] | ||||
Income Tax [Line Items] | ||||
Excess tax benefit in connection with stock compensation expense | $ 335 | |||
Scenario, Plan | ||||
Income Tax [Line Items] | ||||
Federal Statutory Income Tax Rate | 21.00% |
Income Taxes - Schedule of Effe
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |||
Computed at the statutory rate | $ 10,862 | $ 4,854 | $ 5,055 |
Increase (decrease) resulting from: | |||
State and local taxes, net of federal benefit | 717 | 449 | 457 |
Tax-exempt interest | (1,177) | (576) | (370) |
Non-taxable life insurance income | (506) | (350) | (335) |
Non-deductible expenses | 376 | 689 | 167 |
Share-based payments | (335) | ||
Federal tax credits | (660) | (625) | (435) |
Gain on acquisition | (239) | ||
Change in valuation allowance | 187 | 65 | 13 |
Effect of tax reform | 1,086 | ||
Other | (173) | (11) | (171) |
Total income tax expense | $ 10,377 | $ 4,495 | $ 4,142 |
Income Taxes - Components of De
Income Taxes - Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Deferred tax assets | ||
Allowance for loan losses | $ 2,121 | $ 2,460 |
Net unrealized or unamortized losses on securities | 1,034 | 1,674 |
Tax credit carryforwards | 974 | 974 |
Accrued compensation | 1,208 | 1,450 |
Net operating loss carryforwards | 797 | 880 |
Other real estate owned | 588 | 1,764 |
Acquired loans fair market value adjustments | 4,532 | 4,279 |
Other | 404 | 616 |
Gross deferred tax assets | 11,658 | 14,097 |
Deferred tax liabilities | ||
Assumed debt fair market value adjustments | 1,607 | 2,608 |
Goodwill amortization | 1,267 | 1,685 |
Depreciation | 1,831 | 2,153 |
Federal Home Loan Bank stock dividends | 764 | 882 |
Core deposit intangibles | 2,301 | 1,715 |
Other | 360 | 360 |
Gross deferred tax liabilities | 8,130 | 9,403 |
State valuation allowance | (571) | (382) |
Net deferred tax asset | $ 2,957 | $ 4,312 |
Regulatory Matters - Additional
Regulatory Matters - Additional Information (Detail) | 1 Months Ended | |
Jan. 31, 2016 | Dec. 31, 2017 | |
Regulated Operations [Abstract] | ||
CET1 capital ratio to be well capitalized under rules and prompt corrective provisions | 6.50% | |
Total Tier 1 capital ratio to be well capitalized under rules and prompt corrective provisions | 8.00% | |
Total capital ratio to be well capitalized under rules and prompt corrective provisions | 10.00% | |
Leverage ratio to be well capitalized under rules and prompt corrective provisions | 5.00% | |
Capital conservation buffer desired rate | 2.50% | |
Capital conservation buffer yearly increase | 0.625% |
Regulatory Matters - Summary of
Regulatory Matters - Summary of Company's and Equity Bank's Capital Amounts and Ratios (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital to risk weighted assets, To Be Well Capitalized Under Prompt Corrective Provisions, Actual Ratio | 10.00% | |
Tier 1 capital to risk weighted assets, To Be Well Capitalized Under Prompt Corrective Provisions, Actual Ratio | 8.00% | |
Common equity Tier 1 capital to risk weighted assets, To Be Well Capitalized Under Prompt Corrective Provisions, Actual Ratio | 6.50% | |
Tier 1 leverage to average assets, To Be Well Capitalized Under Prompt Corrective Provisions, Actual Ratio | 5.00% | |
Equity Bancshares, Inc. [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital to risk weighted assets, Actual Amount | $ 288,353 | $ 221,779 |
Total capital to risk weighted assets, Actual Ratio | 12.54% | 14.67% |
Tier 1 capital to risk weighted assets, Actual Amount | $ 279,855 | $ 215,347 |
Tier 1 capital to risk weighted assets, Actual Ratio | 12.17% | 14.25% |
Common equity Tier 1 capital to risk weighted assets, Actual Amount | $ 265,887 | $ 201,663 |
Common equity Tier 1 capital to risk weighted assets, Actual Ratio | 11.56% | 13.34% |
Tier 1 leverage to average assets, Actual Amount | $ 279,855 | $ 215,347 |
Tier 1 leverage to average assets, Actual Ratio | 10.33% | 11.81% |
Equity Bank [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital to risk weighted assets, Actual Amount | $ 279,712 | $ 196,478 |
Total capital to risk weighted assets, Actual Ratio | 12.17% | 13.01% |
Total capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 229,927 | $ 151,053 |
Total capital to risk weighted assets, To Be Well Capitalized Under Prompt Corrective Provisions, Actual Ratio | 10.00% | 10.00% |
Tier 1 capital to risk weighted assets, Actual Amount | $ 271,214 | $ 190,046 |
Tier 1 capital to risk weighted assets, Actual Ratio | 11.80% | 12.58% |
Tier 1 capital to risk weighted assets, To Be Well Capitalized Under Prompt Corrective Provisions, Actual Amount | $ 183,942 | $ 120,842 |
Tier 1 capital to risk weighted assets, To Be Well Capitalized Under Prompt Corrective Provisions, Actual Ratio | 8.00% | 8.00% |
Common equity Tier 1 capital to risk weighted assets, Actual Amount | $ 271,214 | $ 190,046 |
Common equity Tier 1 capital to risk weighted assets, Actual Ratio | 11.80% | 12.58% |
Common equity Tier 1 capital to risk weighted assets, To Be Well Capitalized Under Prompt Corrective Provisions, Actual Amount | $ 149,452 | $ 98,184 |
Common equity Tier 1 capital to risk weighted assets, To Be Well Capitalized Under Prompt Corrective Provisions, Actual Ratio | 6.50% | 6.50% |
Tier 1 leverage to average assets, Actual Amount | $ 271,214 | $ 190,046 |
Tier 1 leverage to average assets, Actual Ratio | 10.01% | 10.42% |
Tier 1 leverage to average assets, To Be Well Capitalized Under Prompt Corrective Provisions, Actual Amount | $ 135,439 | $ 91,155 |
Tier 1 leverage to average assets, To Be Well Capitalized Under Prompt Corrective Provisions, Actual Ratio | 5.00% | 5.00% |
Basel III Phase-In [Member] | Equity Bancshares, Inc. [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 212,705 | $ 130,372 |
Total capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 9.25% | 8.63% |
Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 166,715 | $ 100,141 |
Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 7.25% | 6.63% |
Common equity Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 132,222 | $ 77,468 |
Common equity Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 5.75% | 5.13% |
Tier 1 leverage to average assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 108,372 | $ 72,920 |
Tier 1 leverage to average assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 4.00% | 4.00% |
Basel III Phase-In [Member] | Equity Bank [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 212,682 | $ 130,283 |
Total capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 9.25% | 8.63% |
Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 166,697 | $ 100,073 |
Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 7.25% | 6.63% |
Common equity Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 132,208 | $ 77,415 |
Common equity Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 5.75% | 5.13% |
Tier 1 leverage to average assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 108,351 | $ 72,924 |
Tier 1 leverage to average assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 4.00% | 4.00% |
Basel III Fully Phased-In [Member] | Equity Bancshares, Inc. [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 10.50% | 10.50% |
Total capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 241,449 | $ 158,714 |
Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 195,459 | $ 128,483 |
Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 8.50% | 8.50% |
Common equity Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 160,966 | $ 105,809 |
Common equity Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 7.00% | 7.00% |
Tier 1 leverage to average assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 108,372 | $ 72,920 |
Tier 1 leverage to average assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 4.00% | 4.00% |
Basel III Fully Phased-In [Member] | Equity Bank [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 10.50% | 10.50% |
Total capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 241,423 | $ 158,606 |
Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 195,438 | $ 128,395 |
Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 8.50% | 8.50% |
Common equity Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 160,949 | $ 105,737 |
Common equity Tier 1 capital to risk weighted assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 7.00% | 7.00% |
Tier 1 leverage to average assets, Minimum Required for Capital Adequacy Purposes, Actual Amount | $ 108,351 | $ 72,924 |
Tier 1 leverage to average assets, Minimum Required for Capital Adequacy Purposes, Actual Ratio | 4.00% | 4.00% |
Related-Party Transactions - Ad
Related-Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Related Party Transactions [Abstract] | ||
Loans outstanding to related parties | $ 3,892 | $ 3,713 |
Deposits from related parties | $ 6,274 | $ 5,351 |
Related-Party Transactions - Ch
Related-Party Transactions - Changes in Loans Outstanding to Related Parties (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2017USD ($) | |
Related Party Transactions [Abstract] | |
Beginning balance | $ 3,713 |
New loans/advances | 1,368 |
Repayments | (1,189) |
Ending balance | $ 3,892 |
Employee Benefits - Additional
Employee Benefits - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2017USD ($)ParticipantAgreement | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | |
Pentegra Defined Benefit Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Employer Identification Number | 135,645,888 | ||
Plan number | 333 | ||
Number of collective bargaining agreements | Agreement | 0 | ||
Pentegra Defined Benefit Plan [Member] | Maximum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Percentage of contributions to plan | 5.00% | ||
Pentegra Defined Benefit Plan [Member] | First Independence Corporation and Subsidiary [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Number of participants retaining benefits under the plan | Participant | 57 | ||
Defined Contribution Profit Sharing Plan And Retirement Savings 401 (k) Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Maximum contributions employees may contribute | $ 18,000 | ||
Employer contributions charged to expense | $ 704,000 | $ 479,000 | $ 414,000 |
Employee Benefits - Schedule of
Employee Benefits - Schedule of Net Pension Cost and Funded Status (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Schedule Of Net Pension Cost And Funded Status [Line Items] | ||
Net pension cost charged to salaries and employee benefits | $ 84 | $ 71 |
Pentegra defined benefit plan funded status as of July 1 | 110.37% | 104.72% |
Contributions paid to the plan | $ 65 | $ 62 |
Plan's Funded Status [Member] | ||
Schedule Of Net Pension Cost And Funded Status [Line Items] | ||
Pentegra defined benefit plan funded status as of July 1 | 96.89% | 97.75% |
Share-Based Payments - Addition
Share-Based Payments - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2017USD ($)$ / sharesshares | Dec. 31, 2016USD ($)$ / sharesshares | Dec. 31, 2015USD ($)Director$ / shares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Tax benefit in connection with stock compensation expense | $ 224,000 | ||
Amended and Restated 2013 Stock Incentive Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based compensation arrangement by share-based payment award, number of shares reserved | shares | 900,000 | ||
Stock issued during period share-based compensation, value | $ 1,457,000 | $ 953,000 | |
Number of directors' elections for payment of director compensation | Director | 0 | ||
Options, Granted | shares | 305,404 | 49,467 | |
Fair values of stock options granted | $ / shares | $ 8.75 | $ 5.10 | $ 5.39 |
Amended and Restated 2013 Stock Incentive Plan [Member] | Stock Options [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Stock based compensation expense | $ 592,000 | $ 374,000 | $ 397,000 |
Tax benefit in connection with stock compensation expense | 226,000 | 143,000 | 152,000 |
Unrecognized compensation expense related to non-vested stock options | $ 2,200 | ||
Unrecognized compensation expense not yet recognized, period for recognition | 4 years | ||
Amended and Restated 2013 Stock Incentive Plan [Member] | Directors [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Stock based compensation expense | $ 46,000 | $ 32,000 | |
Stock Option 2006 Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Options, Vested and Exercisable | shares | 150,000 | 203,700 | |
Options, Granted | shares | 0 | 0 | |
Shares available for equity awards | shares | 219,252 | ||
Restricted Stock Unit Plan [Member] | Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Stock based compensation expense | $ 80,000 | $ 0 | 0 |
Tax benefit in connection with stock compensation expense | $ 31,000 | 0 | $ 0 |
Unrecognized compensation expense related to non-vested stock options | $ 60,000 | ||
Unrecognized compensation expense not yet recognized, period for recognition | 2 years | ||
Share-based compensation arrangement by share-based payment award, award vesting period | 10 years |
Share-Based Payments - Summary
Share-Based Payments - Summary of Stock Option Activity (Detail) - Amended and Restated 2013 Stock Incentive Plan [Member] - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Options, Outstanding at beginning of year | 590,835 | 561,995 | |
Options, Granted | 305,404 | 49,467 | |
Options, Exercised | (71,434) | (7,938) | |
Options, Forfeited or expired | (27,284) | (12,689) | |
Options, Outstanding at end of year | 797,521 | 590,835 | 561,995 |
Options, Fully vested and expected to vest | 797,521 | 590,835 | |
Options, Exercisable at end of year | 484,728 | 453,180 | |
Weighted Average Exercise Price, Outstanding at beginning of year | $ 16.69 | $ 15.93 | |
Weighted Average Exercise Price, Granted | 33.05 | 25.44 | |
Weighted Average Exercise Price, Exercised | (17.01) | (14.21) | |
Weighted Average Exercise Price, Forfeited or expired | (27.72) | (18.82) | |
Weighted Average Exercise Price, Outstanding at end of year | 22.54 | 16.69 | $ 15.93 |
Weighted Average Exercise Price, Fully vested and expected to vest | 22.54 | 16.69 | |
Weighted Average Exercise Price, Exercisable at end of year | $ 16.41 | $ 15.89 | |
Weighted Average Remaining Contractual Term, Outstanding | 7 years | 8 years | 8 years |
Weighted Average Remaining Contractual Term, Granted | 10 years | 10 years | |
Weighted Average Remaining Contractual Term, Exercised | 7 years | ||
Weighted Average Remaining Contractual Term, Forfeited or expired | 10 years | 10 years | |
Weighted Average Remaining Contractual Term, Fully vested and expected to vest | 7 years | 8 years | |
Weighted Average Remaining Contractual Term, Exercisable at end of year | 7 years | 7 years | |
Aggregate Intrinsic Value, Outstanding at beginning of year | $ 10,261 | $ 10,017 | $ 4,194 |
Aggregate Intrinsic Value, Fully vested and expected to vest | 10,261 | 10,017 | |
Aggregate Intrinsic Value, Exercisable at end of year | $ 8,692 | $ 7,943 |
Share-Based Payments - Schedule
Share-Based Payments - Schedule of Fair Values of Options Granted (Detail) - Amended and Restated 2013 Stock Incentive Plan [Member] - Stock Options [Member] - $ / shares | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Risk free rate | 2.20% | 1.58% | 1.92% |
Market value of stock on grant date | $ 33.05 | $ 25.44 | $ 21.25 |
Expected term (in years) | 6 years 8 months 12 days | 5 years | 5 years 9 months 18 days |
Expected volatility | 19.66% | 19.08% | 21.49% |
Share-Based Payments - Summa112
Share-Based Payments - Summary of Changes in Company's Non-vested RSUs (Detail) - Restricted Stock Units (RSUs) [Member] shares in Thousands | 12 Months Ended |
Dec. 31, 2017$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Non-vested Restricted Stock Units, Granted | shares | 9,020 |
Non-vested Restricted Stock Units, Vested | shares | (2,255) |
Non-vested Restricted Stock Units, Forfeited | shares | (1,875) |
Non-vested Restricted Stock Units, Outstanding at end of year | shares | 4,890 |
Weighted Average Grant Date Fair Value, Granted | $ / shares | $ 32.46 |
Weighted Average Grant Date Fair Value, Vested | $ / shares | 32.46 |
Weighted Average Grant Date Fair Value, Forfeited | $ / shares | 29.74 |
Weighted Average Grant Date Fair Value, Outstanding at end of year | $ / shares | $ 33.50 |
Earnings Per Share - Summary of
Earnings Per Share - Summary of Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Basic: | |||
Net income allocable to common stockholders | $ 20,649 | $ 9,373 | $ 10,123 |
Weighted average common shares outstanding | 12,446,851 | 8,624,108 | 6,433,503 |
Weighted average vested restricted stock units | 1,751 | 81,843 | |
Weighted average shares | 12,448,602 | 8,624,108 | 6,515,346 |
Basic earnings per common share | $ 1.66 | $ 1.09 | $ 1.55 |
Diluted: | |||
Net income allocable to common stockholders | $ 20,649 | $ 9,373 | $ 10,123 |
Weighted average common shares outstanding for: | |||
Basic earnings per common share | 12,448,602 | 8,624,108 | 6,515,346 |
Dilutive effects of the assumed exercise of stock options | 255,947 | 131,418 | 44,675 |
Dilutive effects of the assumed redemption of RSUs | 2,635 | ||
Average shares and dilutive potential common shares | 12,707,184 | 8,755,526 | 6,560,021 |
Diluted earnings per common share | $ 1.62 | $ 1.07 | $ 1.54 |
Earnings Per Share - Additional
Earnings Per Share - Additional Information (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Stock Options [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Average outstanding stock options, antidilutive | 141,891 | 92 | 365 |
Fair Value - Assets and Liabili
Fair Value - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | $ 162,272 | $ 95,732 |
Cash collateral held by counterparty | 164 | 151 |
Total assets | 3,170,509 | 2,192,192 |
Residential Mortgage-Backed (Securities Issued by Government-Sponsored Entities) [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | 161,591 | 86,703 |
State and Political Subdivisions [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | 195 | 499 |
Equity Securities [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | 486 | 486 |
U.S. Government Sponsored Entities [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | 4,782 | |
Corporate [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | 3,039 | |
Small Business Administration Loan Pools [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | 223 | |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Derivative assets | 164 | 151 |
Cash collateral held by counterparty | 164 | 151 |
Total assets | 650 | 637 |
Derivative liabilities | (46) | (39) |
Cash collateral held by counterparty | (46) | (39) |
Total liabilities | (46) | (39) |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Equity Securities [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | 486 | 486 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Derivative assets | 1 | 1 |
Total assets | 161,787 | 95,247 |
Derivative liabilities | 46 | 39 |
Total liabilities | 46 | 39 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Other Assets [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Derivative assets | 1 | 1 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Other Liabilities [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Derivative liabilities | 46 | 39 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Residential Mortgage-Backed (Securities Issued by Government-Sponsored Entities) [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | 161,591 | 86,703 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | State and Political Subdivisions [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | $ 195 | 499 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Government Sponsored Entities [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | 4,782 | |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Corporate [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | 3,039 | |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Small Business Administration Loan Pools [Member] | ||
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items] | ||
Available for sale securities | $ 223 |
Fair Value - Additional Informa
Fair Value - Additional Information (Detail) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Fair Value Disclosures [Abstract] | ||
Fair value, level transfers, Amount | $ 0 | $ 0 |
Liabilities measured at fair value on a non-recurring basis | $ 0 | $ 0 |
Fair Value - Summary of Assets
Fair Value - Summary of Assets Measured at Fair Value on Non-recurring Basis (Detail) - Level 3 [Member] - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Impaired Loans [Member] | Commercial Real Estate [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring basis | $ 1,439 | $ 2,236 |
Impaired Loans [Member] | Commercial and Industrial [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring basis | 1,005 | 218 |
Impaired Loans [Member] | Residential Real Estate [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring basis | 4,021 | 2,053 |
Impaired Loans [Member] | Agricultural Real Estate [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring basis | 905 | 21 |
Impaired Loans [Member] | Other [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring basis | 1,910 | 336 |
Other Real Estate Owned [Member] | Commercial Real Estate [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring basis | 1,018 | 2,400 |
Other Real Estate Owned [Member] | Residential Real Estate [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring basis | $ 157 | $ 429 |
Fair Value - Summary of Additio
Fair Value - Summary of Additional Information about Unobservable Inputs Used in Fair Value Measurement (Detail) - Fair Value, Measurements, Nonrecurring [Member] - Impaired Loans [Member] - Level 3 [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value | $ 9,280 | $ 4,864 |
Valuation Technique | Sales Comparison Approach | |
Unobservable Input | Adjustments for differences between comparable sales | |
Weighted average | 5.00% | 9.00% |
Minimum [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range | 15.00% | 7.00% |
Maximum [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range | 26.00% | 26.00% |
Fair Value - Carrying Amounts a
Fair Value - Carrying Amounts and Estimated Fair Values of Financial Instrument (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2016 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash and cash equivalents | $ 52,195 | $ 35,095 | |
Interest-bearing deposits | 3,496 | 3,750 | |
Available-for-sale securities | 162,272 | 95,732 | |
Held-to-maturity securities | 535,462 | 465,709 | |
Loans held for sale | 16,344 | 4,830 | |
Loans, net of allowance for loan losses | 2,094,781 | 1,377,173 | |
Federal Reserve Bank and Federal Home Loan Bank stock | 24,373 | 16,652 | |
Interest receivable | 12,371 | 6,991 | |
Derivative Assets | 1 | 1 | |
Cash collateral held by derivative counterparty | 164 | 151 | |
Total assets | 3,170,509 | 2,192,192 | |
Deposits | 2,382,013 | 1,630,451 | |
Federal funds purchased and retail repurchase agreements | 37,492 | 20,637 | |
Federal Home Loan Bank advances | 347,692 | 259,588 | |
Bank stock loan | 2,500 | 0 | $ 18,612 |
Subordinated debentures | 13,968 | 13,684 | |
Contractual obligations | 1,967 | 2,504 | |
Derivative Liabilities | 46 | 39 | |
Total liabilities | 2,796,365 | 1,934,228 | |
Carrying Amount [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash and cash equivalents | 52,195 | 35,095 | |
Interest-bearing deposits | 3,496 | 3,750 | |
Available-for-sale securities | 162,272 | 95,732 | |
Held-to-maturity securities | 535,462 | 465,709 | |
Loans held for sale | 16,344 | 4,830 | |
Loans, net of allowance for loan losses | 2,094,781 | 1,377,173 | |
Federal Reserve Bank and Federal Home Loan Bank stock | 24,373 | 16,652 | |
Interest receivable | 12,371 | 6,991 | |
Derivative Assets | 1 | 1 | |
Cash collateral held by derivative counterparty | 164 | 151 | |
Total derivative assets | 165 | 152 | |
Total assets | 2,901,459 | 2,006,084 | |
Deposits | 2,382,013 | 1,630,451 | |
Federal funds purchased and retail repurchase agreements | 37,492 | 20,637 | |
Federal Home Loan Bank advances | 347,692 | 259,588 | |
Bank stock loan | 2,500 | ||
Subordinated debentures | 13,968 | 13,684 | |
Contractual obligations | 1,967 | 2,504 | |
Interest payable | 1,932 | 728 | |
Derivative Liabilities | 46 | 39 | |
Cash collateral held by counterparty | (46) | (39) | |
Total liabilities | 2,787,564 | 1,927,592 | |
Estimated Fair Value [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash and cash equivalents | 52,195 | 35,095 | |
Interest-bearing deposits | 3,496 | 3,750 | |
Available-for-sale securities | 162,272 | 95,732 | |
Held-to-maturity securities | 532,744 | 461,156 | |
Loans held for sale | 16,344 | 4,830 | |
Loans, net of allowance for loan losses | 2,098,431 | 1,374,700 | |
Interest receivable | 12,371 | 6,991 | |
Derivative Assets | 1 | 1 | |
Cash collateral held by derivative counterparty | 164 | ||
Cash collateral held by derivative counterparty | 151 | ||
Total derivative assets | 165 | 152 | |
Total assets | 2,878,018 | 1,982,406 | |
Deposits | 2,385,528 | 1,635,881 | |
Federal funds purchased and retail repurchase agreements | 37,492 | 20,637 | |
Federal Home Loan Bank advances | 347,692 | 259,588 | |
Bank stock loan | 2,500 | ||
Subordinated debentures | 13,968 | 13,684 | |
Contractual obligations | 1,967 | 2,504 | |
Interest payable | 1,932 | 728 | |
Derivative Liabilities | 46 | 39 | |
Cash collateral held by counterparty | (46) | (39) | |
Total liabilities | 2,791,079 | 1,933,022 | |
Estimated Fair Value [Member] | Level 1 [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Cash and cash equivalents | 52,195 | 35,095 | |
Available-for-sale securities | 486 | 486 | |
Cash collateral held by derivative counterparty | 164 | ||
Cash collateral held by derivative counterparty | 151 | ||
Total derivative assets | 164 | 151 | |
Total assets | 52,845 | 35,732 | |
Cash collateral held by counterparty | (46) | (39) | |
Total derivative liabilities | (46) | (39) | |
Total liabilities | (46) | (39) | |
Estimated Fair Value [Member] | Level 2 [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Interest-bearing deposits | 3,496 | 3,750 | |
Available-for-sale securities | 161,786 | 95,246 | |
Held-to-maturity securities | 532,744 | 461,156 | |
Loans held for sale | 16,344 | 4,830 | |
Interest receivable | 12,371 | 6,991 | |
Derivative Assets | 1 | 1 | |
Total derivative assets | 1 | 1 | |
Total assets | 726,742 | 571,974 | |
Deposits | 2,385,528 | 1,635,881 | |
Federal funds purchased and retail repurchase agreements | 37,492 | 20,637 | |
Federal Home Loan Bank advances | 347,692 | 259,588 | |
Bank stock loan | 2,500 | ||
Subordinated debentures | 13,968 | 13,684 | |
Contractual obligations | 1,967 | 2,504 | |
Interest payable | 1,932 | 728 | |
Derivative Liabilities | 46 | 39 | |
Total derivative liabilities | 46 | 39 | |
Total liabilities | 2,791,125 | 1,933,061 | |
Estimated Fair Value [Member] | Level 3 [Member] | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Loans, net of allowance for loan losses | 2,098,431 | 1,374,700 | |
Total assets | $ 2,098,431 | $ 1,374,700 |
Commitments and Credit Risk - S
Commitments and Credit Risk - Summary of Contractual Amounts of Commitments and Standby Letters of Credit to Originate Loans and Available Lines of Credit (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Standby Letters of Credit [Member] | ||
Commitments And Contingencies [Line Items] | ||
Loans commitments, Fixed Rate | $ 4,064 | $ 5,762 |
Loans commitments, Variable Rate | 3,830 | 2,769 |
Commitments to Make Loans [Member] | ||
Commitments And Contingencies [Line Items] | ||
Loans commitments, Fixed Rate | 38,031 | 24,988 |
Loans commitments, Variable Rate | 67,107 | 50,362 |
Mortgage Loans in the Process of Origination [Member] | ||
Commitments And Contingencies [Line Items] | ||
Loans commitments, Fixed Rate | 14,803 | 7,267 |
Loans commitments, Variable Rate | 9,258 | 2,696 |
Unused Lines of Credit [Member] | ||
Commitments And Contingencies [Line Items] | ||
Loans commitments, Fixed Rate | 87,948 | 45,251 |
Loans commitments, Variable Rate | $ 141,026 | $ 68,085 |
Commitments and Credit Risk - A
Commitments and Credit Risk - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2017 | |
Minimum [Member] | |
Commitments And Contingencies [Line Items] | |
Fixed interest rate loan commitments | 3.75% |
Fixed interest rate loan commitments maturity period | 1 month |
Maximum [Member] | |
Commitments And Contingencies [Line Items] | |
Fixed interest rate loan commitments | 7.50% |
Fixed interest rate loan commitments maturity period | 116 months |
Legal Matters - Additional Info
Legal Matters - Additional Information (Detail) - Citi Mortgage, Inc [Member] - Obligation to Repurchase Receivables Sold $ in Thousands | 12 Months Ended |
Dec. 31, 2017USD ($) | |
Loss Contingencies [Line Items] | |
Loss contingency damages value | $ 2,700 |
Loss contingency, date of dismissal | Jan. 31, 2018 |
Loss contingency recorded | $ 477 |
Condensed Financial Informat123
Condensed Financial Information (Parent Company Only) - Condensed Balance Sheet (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
ASSETS | ||||
Cash and due from banks | $ 48,034 | $ 34,137 | ||
Other real estate owned, net | 7,907 | 8,656 | $ 5,811 | |
Other assets | 13,830 | 15,445 | ||
Total assets | 3,170,509 | 2,192,192 | ||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||
Liabilities | 2,796,365 | 1,934,228 | ||
Stockholders' equity | 374,144 | 257,964 | $ 167,233 | $ 117,729 |
Total liabilities and stockholders’ equity | 3,170,509 | 2,192,192 | ||
Equity Bancshares, Inc. [Member] | ||||
ASSETS | ||||
Cash and due from banks | 4,201 | 20,611 | ||
Investment in Equity Bank | 379,933 | 246,822 | ||
Other real estate owned, net | 267 | |||
Other assets | 6,762 | 5,234 | ||
Total assets | 390,896 | 272,934 | ||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||
Liabilities | 16,752 | 14,970 | ||
Stockholders' equity | 374,144 | 257,964 | ||
Total liabilities and stockholders’ equity | $ 390,896 | $ 272,934 |
Condensed Financial Informat124
Condensed Financial Information (Parent Company Only) - Condensed Statement of Income (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Expenses | |||
Interest expense | $ 16,691 | $ 9,202 | $ 6,766 |
Net income | 20,649 | 9,374 | 10,300 |
Dividends and discount accretion on preferred stock | (1) | (177) | |
Net income allocable to common stockholders | 20,649 | 9,373 | 10,123 |
Equity Bancshares, Inc. [Member] | |||
Condensed Income Statements, Captions [Line Items] | |||
Dividends from Equity Bank | 17,250 | 9,500 | 10,500 |
Other income | 26 | 1 | 2 |
Total income | 17,276 | 9,501 | 10,502 |
Expenses | |||
Interest expense | 996 | 701 | 1,284 |
Other expenses | 3,018 | 2,408 | 1,336 |
Total expenses | 4,014 | 3,109 | 2,620 |
Income (loss) before income tax and equity in undistributed income of subsidiaries | 13,262 | 6,392 | 7,882 |
Income tax benefit | 2,017 | 859 | 858 |
Income (loss) before equity in undistributed income (loss) of subsidiaries | 15,279 | 7,251 | 8,740 |
Equity in undistributed income of Equity Bank | 5,370 | 2,123 | 1,560 |
Net income | 20,649 | 9,374 | 10,300 |
Dividends and discount accretion on preferred stock | (1) | (177) | |
Net income allocable to common stockholders | $ 20,649 | $ 9,373 | $ 10,123 |
Condensed Financial Informat125
Condensed Financial Information (Parent Company Only) - Condensed Statement of Cash Flows (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Cash flows from operating activities | |||
Net income | $ 20,649 | $ 9,374 | $ 10,300 |
Adjustments to reconcile net income to net cash from operating activities: | |||
Stock based compensation | 1,100 | 553 | 531 |
Net amortization of purchase valuation adjustments | 2,869 | 3,049 | 2,309 |
Net change in: | |||
Other assets | (673) | 885 | (2,551) |
Interest payable and other liabilities | 433 | 15 | 2,170 |
Net cash provided by operating activities | 27,138 | 15,548 | 13,620 |
Cash flows (to) from investing activities | |||
Proceeds from sale of other real estate owned | 5,461 | 3,017 | 2,266 |
Net cash (used in) investing activities | (222,434) | (140,689) | (266,941) |
Cash flows (to) from financing activities | |||
Borrowings on bank stock loan | 2,500 | 6,000 | 5,014 |
Principal payments on bank stock loan | (1,000) | (33,218) | (1,554) |
Proceeds from the issuance of common stock, net | 23,643 | 38,945 | |
Proceeds from exercise of employee stock options | 1,215 | 112 | |
Issuance of employee stock loan | (1,215) | ||
Principal payments on employee stock loan | 121 | 973 | |
Redemption of Series C preferred stock | (16,372) | ||
Dividends paid on preferred stock | (42) | (164) | |
Excess tax benefits as a result of the distribution of common stock in termination of the restricted stock unit plan | 224 | ||
Excess tax benefits as a result of the exercise of employee stock options | 13 | ||
Net cash provided by (used in) financing activities | 212,396 | 103,407 | 278,443 |
Net change in cash and cash equivalents | 17,100 | (21,734) | 25,122 |
Cash and cash equivalents, beginning of period | 35,095 | 56,829 | 31,707 |
Ending cash and cash equivalents | 52,195 | 35,095 | 56,829 |
Equity Bancshares, Inc. [Member] | |||
Cash flows from operating activities | |||
Net income | 20,649 | 9,374 | 10,300 |
Adjustments to reconcile net income to net cash from operating activities: | |||
Stock based compensation | 1,100 | 553 | 531 |
Equity in undistributed income of Equity Bank | (5,370) | (2,123) | (1,560) |
Net amortization of purchase valuation adjustments | 284 | 246 | 301 |
Net change in: | |||
Other assets | (1,331) | (1,529) | (344) |
Interest payable and other liabilities | (1,419) | (409) | 397 |
Net cash provided by operating activities | 13,913 | 6,112 | 9,625 |
Cash flows (to) from investing activities | |||
Proceeds from sale of other real estate owned | 267 | ||
Net cash (used in) investing activities | (33,159) | (9,549) | (14,585) |
Cash flows (to) from financing activities | |||
Borrowings on bank stock loan | 2,500 | 6,000 | 5,014 |
Principal payments on bank stock loan | (1,000) | (33,218) | (1,554) |
Proceeds from the issuance of common stock, net | 23,643 | 38,945 | |
Proceeds from exercise of employee stock options | 1,215 | 112 | |
Issuance of employee stock loan | (1,215) | ||
Principal payments on employee stock loan | 121 | 973 | |
Dividends paid on preferred stock | (42) | (164) | |
Excess tax benefits as a result of the distribution of common stock in termination of the restricted stock unit plan | 224 | ||
Excess tax benefits as a result of the exercise of employee stock options | 13 | ||
Net cash provided by (used in) financing activities | 2,836 | (19,864) | 42,223 |
Net change in cash and cash equivalents | (16,410) | (23,301) | 37,263 |
Cash and cash equivalents, beginning of period | 20,611 | 43,912 | 6,649 |
Ending cash and cash equivalents | 4,201 | 20,611 | 43,912 |
Preferred Stock, Series C [Member] | Equity Bancshares, Inc. [Member] | |||
Cash flows (to) from financing activities | |||
Redemption of Series C preferred stock | (16,372) | ||
First Independence Corporation and Subsidiary [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | (9,046) | ||
First Independence Corporation and Subsidiary [Member] | Equity Bancshares, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | $ (14,585) | ||
Community First Bancshares, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | (2,971) | ||
Community First Bancshares, Inc. [Member] | Equity Bancshares, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | $ (9,549) | ||
Prairie State Bancshares, Inc. [Member] | Equity Bancshares, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | (12,510) | ||
Eastman National Bancshares, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | 6,108 | ||
Eastman National Bancshares, Inc. [Member] | Equity Bancshares, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | (7,813) | ||
Cache Holdings, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | (2,857) | ||
Cache Holdings, Inc. [Member] | Equity Bancshares, Inc. [Member] | |||
Cash flows (to) from investing activities | |||
Net cash paid for acquisition | $ (13,103) |
Pending Mergers - Additional In
Pending Mergers - Additional Information (Detail) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 16, 2017Branch | |
Pending Mergers [Line Items] | ||||
Business acquisition/merger agreement date | Dec. 16, 2017 | |||
Total assets | $ 3,170,509 | $ 2,192,192 | ||
Total loans | 2,094,781 | 1,377,173 | ||
Total liabilities | 2,796,365 | 1,934,228 | ||
Deposits | 2,382,013 | 1,630,451 | ||
Net income before income taxes | 31,026 | $ 13,869 | $ 14,442 | |
First National Bank [Member] | ||||
Pending Mergers [Line Items] | ||||
Total assets | 320,111 | |||
Total loans | 167,969 | |||
Securities | 121,825 | |||
Total liabilities | 289,675 | |||
Deposits | 289,360 | |||
Net income before income taxes | 3,811 | |||
First National Bank [Member] | Liberal, Kansas [Member] | ||||
Pending Mergers [Line Items] | ||||
Number of branches | Branch | 4 | |||
First National Bank [Member] | Hugoton, Kansas [Member] | ||||
Pending Mergers [Line Items] | ||||
Number of branches | Branch | 1 | |||
Adams Dairy Bank [Member] | ||||
Pending Mergers [Line Items] | ||||
Total assets | 128,363 | |||
Total loans | 93,252 | |||
Securities | 15,099 | |||
Total liabilities | 116,539 | |||
Deposits | 97,274 | |||
Net income before income taxes | $ 1,594 | |||
Adams Dairy Bank [Member] | Blue Springs, Missouri [Member] | ||||
Pending Mergers [Line Items] | ||||
Number of branches | Branch | 1 |